You can call it anything you want, depending on who and how they use it. But it does not change that bitcoin will have a future in our society as it introduced the blockchain and is still very popular.
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For any good trader worth their salt, they will take this opportunity in this volatile season to gain more. Not me though. Don't have the guts to even try. Bitcoin cannot end as there are still people talking and paying attention to it.
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I am not totally into removing fiat currency due to the reasons you have already provided. But there is no denying the benefits of moving into blockchain with the only drawback of difficulty of access to poor folks. But maybe in the future, this can be fixed also.
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I would like to think so cause it's about time. Bitcoin has taken a beating horribly over the last couple of months and a silver-lining is a good welcome. Even with the ETF FUD, this shows how strong bitcoin can be.
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It's getting harder and harder to save mother nature each year as innovation has its consequences. Instead of halting it altogether, maybe the better way is to find ways of mitigating or acquiring environmentally safe sources of electricity. Like solar, hydro or geothermal. Governments should focus on these before anything else. Or they may be part of the problem because of politics.
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Join the club. Lots and lots of people are currently holding on that great upswing that happened last year. And with the news of SEC denying ETFs, many will be scared of bitcoin's future. I hope that bitcoins history repeats itself soon. All we need is one good news.
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China is 5th? For a country who keeps on spreading FUD with ban for crypto, they sure do make a lot of them. As I have always believed, people will find ways on using bitcoin no matter what.
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But bitcoin is the best when it comes to future use for online payments or transactions. Others may have this feature but they also have utility aspects which can hinder it's main purpose. Bitcoin is built solely for that purpose and is currently #1 in popularity and use.
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All we can do is hold on and wait. Bitcoin is a waiting game which is the same for your other investments. ETF is not the end and bitcoin still has it's potential one way or another.
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They simply don't understand cryptocurrency fully and cannot recommend it as scams are also prevalent in their country. Just their way of protecting their citizens. But it would be great if they commit a group to research further into it for regulation.
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As with most, if the USD continues to lose its value, they will turn to invest their money in bitcoin before the dollar lowers in value. That way, they can save some before a crisis starts. Bitcoin, gold, silver, etc will increase in price.
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This is the first time I've heard of this and is actually surprising. Sure bitcoin mining takes a lot of energy to operate especially if you have a farm of miners but was it really to the extent that those countries are running of electricity? And cause havok to the environment? They are paying for that electricity and if they profit more from it then it is their right. There are more environmental problems right now and IF crypto mining IS one of them then it should be the least of our problems. They should focus on plastic wastes first and even smoke emissions. Oh wait, electric cars will be one of the solutions. Would they be an environmental problem also?
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For me, it is better if it is regulated to an extent since if it is, then it would be totally legalized. Not that it is illegal or anything. But just that people will be more assured that crypto is legit.
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I don't know about you but the math here is pretty obvious. The answer will be bitcoin volume since it will dramatically increase your wealth per coin. Given that it may be volatile and the net value is erratic, as long as you know what you're doing and reading the market you can make more with bitcoin.
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Those Winklevoss brothers really have good intuition when it comes to investing. I remembered bitcoin back in 2013 and paid no mind to it as I thought someone just wanted to troll an online currency. Even if I have $60 million dollars, I wouldn't have thought of investing in bitcoins not even a cent.
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Even with altcoins going down due to massive dumping of etheruem by ICO's, Bitcoin will still be number 1 due to the fact that it has shown the most growth through the years. But I still believe in the potential of ethereum not as competition for bitcoin but as a platform for creation of promising projects.
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It is regrettable that you bought bitcoin at its all time high but that is just part of the trade. It's really not advisable to buy in when it is bullish unless you're into trading. But who knows what can happen in the coming months. Let us just hope for the best on things that we can't control.
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NO matter how you look at it, bitcoin is becoming more of gold than currency since people are basing it's price on supply and demand and scarcity. Given that bitcoin is being used as payments, currency doesn't go up in price like that.
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There's nothing wrong with diversifying to gold and silver but the thing is, it's harder to determine the purity of gold depending on what form you're buying them. There's also scams in buying them. If you buy necklaces or jewelry, it's harder to determine their selling price. Same with bars I think.
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In my understanding, it seems that he means to buy when the market is low because of many fearful sells and sell when they are greedy meaning their demands are high so hence the high prices. It applies to cryptocurrency as it follows the basic rule of economics also.
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