Yes bitcoins can be converted into cash/fiat through exchanges. You can trade your bitcoins to fiat through these exchanges anytime you want and of course, every exchanges has its own policies implemented for you to follow. One of it is verifying your identity before you can start using their platform.
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The most impressing for me is the blockchain technology, that represent Bitcoin.
Bitcoin's volatility that can give anybody a very huge amount of profit is what impresses me the most. Not only bitcoin but to other digital currencies as well. On top of that, the market value itself is worth impressive.
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I think it is not greedy if you are in for a long term investments. Besides, bitcoin is a stable and a long term currency which fits to your long term plan. But HODLing a new comer altcoin can be a greedy one because this coin is not tested yet. I have a friend who got an altcoins from signature campaign that skyrocketed its value giving him a profit of almost 200K USD. He just hodl the estimate value of that altcoins is only 20K USD+.
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Good to thing to see bitcoin is recovering now and how it affects other cryptocurrencies to be recover too. It's been a while since i haven't seen the crypto exchange market in normal color green color and hope that this may stay longer.
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I think big corporations accept BTC to help speed up their daily transactions with the help of blockchain. These companies really have a good vision for the welfare of its employees and clients as well.
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How can anyone could not like crypto if it can give you financial freedom? Or somehow can change your life forever if you just believe in cryptos. It's just like buying gold and gems and the more you hold it, the better value it can get.
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It's worth not only for a short term investment but it's more worthy for a long term one because bitcoin is at its best in a long term type of investment. Just imagine if you have already known about bitcoin and have invested on it before its market value even reached 1$ and decided to sold it right now.
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Don't just look bitcoin on its bright side. Speaking of volatility doesn't just mean that bitcoin's price will always go up like crazy. You have also to consider the side where it will let you down and if you have a weak mind, then you will probably end up losing in these crypto mind games.
So if you happened to see bitcoin's price go up and at that point you can already earn big profit, then it's a good timing to sell it. And if it plunges down, HODL, invest more. That's the very best you can do.
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And mostly, new comers and bandwagons always have the weakest mentality of not HODLing their cryptos making the wild fire spread even more. Good thing bitcoin has started to recover from dip now and maybe, it's another unpleasant graph for the ones how have already sold their crypto holdings.
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That's a big move right there and can possibly a game changer for bitcoin and the rest of cryptos. Hope that this move will encourage others for a much wider bitcoin adoption and perhaps this will be the stepping stone for bitcoin global adoption.
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It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY."
Disclaimer: I'm not a US citizen, and I've not read that law
Well, if you haven't read the law, then i think you must also include your proof as to where you got this information. If you only heard about it from someone, then maybe you didn't hear it right. Maybe that only applies in some cases but not really as it is that only those wealthy person can invest because afterall, everybody can invest.
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Though others will think that regulating cryptocurrencies is a pain in the a**, but it also good for the cryptocommunity so as to deter or prevent scammers to even think of fooling around.
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Due to the bloody market the past days, FUDs spread throughout the crypto community making others to panic and sell their cryptocurrencies at a very low price. For those who HODLed, they might somehow feel relieved specially that the market is looking green today.
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Last year was a roller coaster ride with me having jumped into the bandwagon when bitcoin started to rise. I started investing last October and was happy it reaches 20K USD mid December which made my capital folded five times.
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Yes, it more be popular' it will be highly use as mode of payment and highly accepted by the business and service provider because of it price stability. The bitcoin user will be secured in holding their coin and feel free to invest..
But what really makes bitcoin popular is due to its market value that is so high making other people curious and attracting investors to invest on it. Satoshi Nakamoto's plan of making bitcoin as a digital currency for payment seems change to investment now.
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It is undeniable that many people become rich because of bitcoin. And it's not only bitcoin that makes this people rich. Others have also become rich because of alternate cryptos. Consider Forbe's list of crypto billionaires here.
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Well, that depends on your capital investment and that means the more bitcoin you have, the better. That is because bitcoin is volatile in its price where it can rise and fall like crazy. But at the end of the day, bitcoin will always continue its dominance.
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Isn't it crisis already? Those weak minds who sold their cryptos at the very cheap price makes the crisis even more severe especially that Chinese New Year is already near.
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Others will say that bitcoin's end is already near and that what happened to bitcoin's fall down is just a manifestation that bitcoin is indeed, about to end. But technically, bitcoin just undergone correction and will return soon.
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It's a "Blink and you'll miss it!" scenario where bitcoin's volatility takes place as its market value falls down so deep that even reached all time low at 5K+ USD. It may even go down if FUDing will continue to spread and those who panic will decide to sell their bitcoin.
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