That's something that is way far from my imagination and not even close to reality. Bitcoin has fallen about 3 times this year but it never fall down 5K$ and below and now, bitcoin has risen to more than 3K$ since it got its lowest price at 6K$.
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There's a current slide on bitcoin's market cap and value today as its value falls down a little. I really expect that bitcoin will break the 10K$ resistance within this month. So buy whatever you can while bitcoin is just a bit cheaper today.
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Sounds possible because bitcoin is already showing an early sign of trip to the moon. With bitcoin's market value at 9K$ already before the second quarter ends, there is really a big possibility that bitcoin will exceed 20K$ before December.
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Market value fluctuation of bitcoin and the rest of cryptos is natural due to corrections, people selling their cryptos at a lower price, other whales who are selling their holdings also contributed to bitcoin price to go down.
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I don't worry much about crisis to come in cryptoworld because i already know how they've always been in that situation and how they come back again on top. And if it really comes, so be it then. It's the time to go on a buying spree with your favorite cryptocurrencies because you can buy it at a very cheap price.
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I think there is already no need for us to promote bitcoin since more and more people already believed and trust bitcoin and bitcoin is already the mainstream. With that, they will surely share it to others who don't have any idea about cryptocurrencies yet including their family and to the next generation of family as well.
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I don't think it will fluctuate less because we already know how volatile bitcoin is. And in the future comes if bitcoin will become more and more expensive, expect it to fluctuate more because people who are investing now might sell their bitcoin on that day already.
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That's a good retirement plan one can get and enjoy. If you have invested in bitcoin today and keep it in your digital wallet until the time of your retirement, then i wonder how big it will grow by then but i am quite sure that it's gonna be a very happy retirement.
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China's ban to bitcoin doesn't stop it from growing more and more stronger. In fact, it's the start of bitcoin's price hike that's already a history. We just need to respect china's decision and we can't blame if their government tells people to buy gold and silver because cryptocurrencies are already banned in their country.
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That's because people are investing in bitcoin to earn fiat. Fiat is still the suitable money for everyone to buy goods and pay for services. Bitcoin become an investment of people because it's the investment that can give them huge profit which can make them rich.
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If you are in for a long term plan/investment like bitcoin or ethereum, then spending your crypto assets could never be so easy. And yet, as a challenge, you can invest in crypto now and then locked it for several years before you open it back.
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I believe the very reason why banks are nervous about bitcoin and the digital currencies is because they don't have anymore the intervention in the people's transaction sending money anywhere across the world and people will also keep their assets in digital wallet than in banks.
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That's quite realizable this year because as we can observed, bitcoin's base price is already at the 9K$ mark. If it breaks some resistance this week or to the next, then 11K$ is very achievable before this month will ever end.
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That could be possible as bitcoin is already showing an early sign of bull run which may last for a couple of months. With that time span, we might be able to witness a yet all time high which may even exceed the OP's expectation of 25K$.
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That's because bitcoin is dominant in price hike than price fluctuation. People's demand on bitcoin gives bitcoin strength it needs to stand whenever it falls down. The 20K$ all time high last year may be broken this year because bitcoin is already showing an early sign of a bullish trend.
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Most of the people who sell off their bitcoin and crypto holdings during crisis are those people who are just new and inexperienced in cryptos. They don't really know that when they sell off their crypto holdings, they are also contributing to bitcoin's market price fall down.
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Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
I don't think that bitcoin and the rest of cryptos will disrupt a nation's economic stability and growth because if we consider how Japan testified regarding its economic boost when they embrace the technology, then you can see how bitcoin and the cryptos are really helping the economy even to the world's most progressive country.
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If you love your regular job, then there's no reason you are going to exchange it with crypto works no matter how small the salary you get from your regular job. So for me, it's better to do them both to have a total of good profit at all.
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ICO or Initial Coin Offering is also known as crowdfunding. It is a way of collecting money from investors who wants to invest on the ICO to make the project sustain the required soft or hard capital to make it successful on which in return gives the investors a token/coin which can later be traded in cryptoexchanges.
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Tax evasion could be one of the reason why government is furious about bitcoin and the cryptocurrencies. They think it can cause a hindrance to their economic growth because a person earning in through bitcoin is tax free.
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