The prediction of Bitcoin value reaching $24,000 before December this year to is over estimated in my opinion, since Bitcoin is still battling on how to break $11,000 resistance for a long time now let alone reaching such amount in value come December.
Maybe yes, as the market still surviving to break from that value, if ever that it won't break that point this year, chance to move forward next year is also a good spark, we can't be sure but expectations still high from investors sides and with incoming halving there's always potentials to reach this amount and sooner it will be much higher bringing another level to be touch. This year, Bitcoin showed good growth from the beginning of April to the end of June, increasing in price by almost four times. In the fourth quarter, we expect another wave of growth. Of course, bitcoin is capable of rising to $ 24,000 at the end of the year. This is theoretical, because from a practical point of view, such an increase, and much more than its previous price record, seems impossible now. Most likely its growth by the end of the year in the range of 15,000 - 18,000 dollars.
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Unfortunately, for bounty hunters this is really a really bad time to work. The teams of ICO projects after its completion, as a rule, begin to deceive the participants of the bounty campaigns. Previously, this was a rarity, but now it is a rarity to fulfill the previously agreed conditions. A vivid example is Miracle Tele, which paid passive income in euros on its website, and now those who did not withdraw it are going to re-read the already paid amounts, intending to reduce them by about five times. This can already be called direct fraud. Therefore, I never trusted those projects that pay bounty hunters on their sites, and not in the wallets we specified. Now this is a mass phenomenon. The ICO project teams promise us to pay their tokens to the wallets we provided, but already during the ICO they change their minds and say that the payment will be either on their website, for which they need to register, or in their wallets, which almost always cause various problems.
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This news just makes me laugh a lot.
the price was at $10,500 and dropped to $9320... if someone bought at $10500, that person must have bought knowing that he could make a profit in 1 year or more years, so falling to $ 9320 would not be a big problem. The point here is that this is a long term investment. Here's another example: Imagine the people who bought when the price was $3300, today those people make a big profit. and if you do research you'll find that when the price was $3300 they said the price would drop to $1000. But who was brave and bought with the price of $3300 and hold for more than 3 months, today has great profit. like i said this is a long term investment
This reasoning is true only when you reckon that Bitcoin will constantly increase in value. I don’t have such confidence in me, because we live in this gross physical world, where most people make a living by hard work, heaven’s manna doesn’t fall from heaven, Therefore, by all the laws of our physical world, bitcoin will not be able to have a sky-high price that will not be comparable with our ideas about the basic laws of economics. Do not forget that free cheese is only in a mousetrap. We do not know how high Bitcoin can rise in price. However, the time will soon come for the relative stabilization of its price in terms of its ceiling. However, I do not think that then its price volatility will stabilize. With high price volatility, it cannot be a reliable repository of value.
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China is taking the social credit system to a new level. Now they would have all money and loans on their face. The own face would be the private key for their wallet. It would be super easy unless people find a way to use others face. I hope they soon integrate a chip in every Chinese to be safe of face copying scam.
Let's see how successful such a new recognition technology will be. She, of course, is very interesting. However, anyone who takes your device by force and brings it to your face will completely manage your money. Imagine walking, getting hit in the face or on the head, and when you wake up, you find that all the money from your account has been withdrawn. I don’t know, of course, the level of security depends on the country of residence, but I would not risk having such a way of controlling my wallet.
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In my opinion this is very appropriate and I totally agree with Max Keizer who says altcoin has reached a dead end.
I do not agree with this opinion. Altcoins are currently experiencing temporary difficulties. However, even now they continue to develop rapidly in different directions and improve rapidly. The increase in bitcoin capitalization is primarily due to the current expectation of its soon increase in price. Given the state of the market and bitcoin itself, its level of capitalization will fall over time. Therefore, I do not worry about the fate of altcoins.
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Of course, people will always be interested in the personality of the creator of Bitcoin. However, it seems to me that it's time to stop looking for the real Satoshi Nakamoto. Firstly, he himself wanted to remain anonymous and we see that they took certain steps for this. Therefore, his opinion must be respected. Secondly, the probability of its detection decreases every day, because too much time has passed. Most likely, if the real Satoshi Nakamoto does not want to reveal himself, no one will prove that he is this person. And thirdly, for bitcoin and cryptocurrency in general, it will be beneficial that no one has a patent for this invention and it is considered an invention of the people.
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We have to understand we are in a middle of something, in a transiction between old habits and new technologies and this is very hard to accept and understand fully Gold probably will be replaced, with time. And even BTC will be replaced for something new and better, maybe we will be talking about something new to replace BTC in a few years...
It's crazy, but everything changes, and gold will change to
No, gold was, is and will be gold, an indispensable means of storing value, a measure of value and a means of payment. New technologies will only push him out of the market a little, but he will save his main positions. Bitcoin has many advantages, but it also has disadvantages, and above all, its high price volatility. New technologies also depend on the availability of the Internet, a power source, the need to interact with other technical means and the availability of these technical means as a means of ensuring payment. Especially these shortcomings will manifest themselves during various disasters and then people will again be drawn to gold.
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It is a great idea to start a thread letting people know what coins can bring them dividends. But I believe people that want to know about this, have already studied all opportunities and know that everything that gives you more than 5-7 percent monthly is a scam.
Yes, dividends in cryptocurrency are a relatively new direction for obtaining passive income, which are very promising in the sense that they stimulate the retention of cryptocurrencies, and not the search for the possibility of their successful sale. Until recently, many considered the Miracle Tele project a success, as it paid large dividends to holders of Tele tokens for a long time. However, recently, something incomprehensible has been going on in this project. Let's hope that the difficulties are temporary and are associated with inept project management. However, many consider it simply a fraud.
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As Buterin said, Ethereum 2.0 aims to run ‘tens of thousands of transactions per second’ and he is sure that the new network will facilitate a number of on-chain transactions while maintaining key aspects of decentralization and security.
At the beginning of next year, the launch of the initial phase of Ethereum 2.0 is taking place. On Tuesday, during the 80,000 hours podcast devoted to solving the most pressing problems in the world of cryptos, Ethereum founder Vitalik Buterin delivered a speech in which he commented on this event and shared his ambitious plans for Ethereum.
According to Buterin, he is ‘very confident’ about the launching phase of Ethereum 2.0, however, he is not sure about the incentives that make people use blockchain. https://www.coinspeaker.com/buterin-ethereum-2-0-launching-phase/
Is this enough to say that we may see ETH 2.0 the catalyst for the this altcoin to finally break and have its own path in 2020 regardless of the so called bitcoin block halving? We all know that there are competitions already that's why ETH is losing so much value in this market. But I think with this news we could very well see it relieving its former glory. Do you agree? I am very glad to hear such words about the new features of ethereum associated with the planned improvements to this coin, which Buterin recently expressed. I noticed that he does not like to brag and if he says something, he says real things. Ethereum is now very important to increase its scalability, because this network is very heavily congested. Of course, I would like to see not tens, but hundreds of thousands of transactions per second on the ethereum network. However, tens of thousands of transactions compared to the current fifteen transactions, this is already good.
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Yes, I already noticed that campaigns that promise big profits and even count a large number of their tokens in the future, as a rule, I don’t get anything at all. Various difficulties always appear, KYC checks that drag on for years, wallet changes, swaps, the situation drags on so much that in the end nothing is paid at all. At the same time, inconspicuous campaigns in most cases easily add their tokens to our wallets and they bring a small but stable profit.
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The price of ethereum fell amid falling prices for altcoins, which mainly arose on the platform of this coin. This condition is temporary and cyclical. Over time, the situation should improve and bounce back, and ethereum will again increase in both price and popularity. We expect further improvements in this coin and they should positively affect the price increase ethereum. Now this coin is very underestimated.
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The regulation of cryptocurrency is inevitable in any case and it will be positive, since through regulation the states will be able to legalize it on their territory. In addition, it creates orderliness and certain rules in the use of cryptocurrency, that is, eliminates the anarchy and permissiveness of certain players in the market. In this case, I mean the ICO team in relation to bounty hunters. For example, on June 21 of this year, the Intergovernmental Organization for Financial Action (FATF) adopted recommendations that only persons sending transactions worth more than one thousand dollars should come to the KYC inspection. Here I see more positive things than negative ones. First of all, this means that bounty hunters should not pass the KYC test if they receive tokens worth less than one thousand dollars.
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Bitcoin will always dominate the market due to its high trust among market users. Altcoins may come closer to Bitcoin if developers come up with a revolutionary product as it was with smart contracts, in other cases Bitcoin will be unattainable
As you rightly noted, Bitcoin has a high level of capitalization and price dominance due to the fact that it enjoys high confidence of people. However, trust, the concept is volatile. It may change in a few days. Especially if Bitcoin will continue to have problems with improvement, and especially with scaling. So everything can be. You can not rely on the trust of users as something permanent and unshakable.
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The crypto market has unquestionably had its high points and low points yet has thrived in the previous couple of years. Unfathomable statures and lows were achieved in 2018 and numerous new digital Currencies were presented by new developers, associations and companies and banks too, Altcoins in any case are growingly quickly and it won't be long before a new genuine contender for bitcoin status comes around,Btc certainties would be dull without altcoins.Do you agree or disagree?
Of course, you are completely right. Thanks to altcoins, cryptocurrency is developing very quickly now and thanks to them, people are relatively quick to join it. Bitcoin and other general-purpose coins mainly perform the functions of accumulation and means of payment, while tokens, for example, perform, in addition, still very diverse narrow useful functions. The cryptocurrency will mainly develop due to altcoins, especially since bitcoin has very big problems with improvement and, in particular, with scaling.
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I forgot the article that says about this. but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
It is unlikely that until 2140 Bitcoin will continue to exist in its current form. If it exists at all until that time, then it will probably change very much, and if necessary, its production will also change. In any case, it’s too early to think about it. Especially to us who do not live up to this time. It is believed that a generation of people changes every twenty years. Based on this, six generations of people will be replaced before 2140. Therefore, you should work with what is now.
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Gold and cryptocurrency are different levels of investment with different tasks. When investing in gold, usually, usually, the task is to save funds from inflation and only then - to make a profit from increasing the growth of its price. When investing in cryptocurrency, we usually put profit in the forefront, but with the possibility of making big profits, the risk of losing invested funds also increases. Each of us has the right to choose.
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A lot in cryptocurrency market think bounty campaign become not profitable this year. Do you agree with this? Please explain your opinion, let us know what you think. Please do not forget to vote
This question cannot yet be unambiguously answered. The cost of the tokens that we now earn in ICO bounty campaigns, as a rule, is several tens of dollars. At the same time, altcoins are now in great decline. If the altcoin market will rise, it is possible that the tokens we have earned now can bring us good profit. In any case, I now hope so, so far I keep my received tokens.
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So far, too little time has passed to draw certain conclusions in this regard. For the new payment system, for several years, until bitcoin began to declare itself, it still means little. In twenty years, at least we can talk about the first results. Altcoins actually began to appear only in 2015. Projects after this are being developed for several years. Therefore, it’s too early to discuss this topic.
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What is your thoughts on banks banning the sales of crypto do you think they are scared they will be replaced
I do not think banks are afraid of cryptocurrency. They have nothing to fear because they are actually part of the state system and each state will necessarily protect the normal functioning of its banks. This is if such a threat from the cryptocurrency really existed. However, such a threat does not exist. Interstate bodies, including G-7 countries, have repeatedly assessed possible threats from the cryptocurrency and so far agree that for the world’s financial stability, this threat does not come from the cryptocurrency.
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that's what I'm thinking about. Another bad thing happens is that when a power goes out, transactions will stop or sometimes a system failure will occur and we need to re-authenticate the transaction and a lot of problems will happen. Why don't people combine electronic money and fiat money together to create a better ecosystem? I know crypto is convenient but it's only convenient in some areas.
National money is an integral part of each state, so they will exist as long as independent states with different political and economic interests exist on earth. At the same time, the share of paper money may decrease over time, however, I am not sure that they can completely disappear. In any case, it may be in a very distant future. In the meantime, this topic may not even be relevant.
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