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Its all good and thumbs up for a country like South Korea to have favoured bitcoin and cryptocurrency over there. It is also nice to know that other Asian Countries are catching up and opening up their economies to the crypto currency.
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I will have people who will have access to my wallets and so be able to spend what I have saved. Its just a matter of understanding yourself and the person who is close to you.....
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Imagine buying bitcoin at $18,000 and someone is now advising that I sell bitcoin at the current price of $6000 in the name of using it as a legal tender.
I certainly will soon be out of circulation and be declaring bankruptcy.....
Think over it again dude
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How do you mean bitcoin is in danger? Just because the price of bitcoin goes down by a few thousands doesn't mean anything is gonna happen to it. its here to stay and do nicely on the market.
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One of the ways of promoting the virtual currency Bitcoin is by doing it the social media way.....A lot of folks are now on social media and have no practical or hands -on - experience in Bitcoin. That way, we can promote the bitcoin and other crypto currencies.
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I think the best time to invest is when the market has healed,stabilised and begun to recover. There is joy when you invest in the right stream and make money in an investment. Wait until there is a measure of recovery then you may buy.
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You can read all about investing in cryptocurrency and bitcoin in particular and invest in it. Investing in bitcoin is not exactly difficult as some make it look. Just open your mind to understand concepts and usage.
Good luck as you invest.
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Is bitcoin a currency? Yes it is and much more. whatever has value can be used as a currency. Whatever has been accepted as a legal tender amongst a people is a legal tender as long as its value is not subject to certain shortcomings and faults and the bitcoin has no defect or faults.
I think it is safe and smart to disregard such statements. The bitcoin and crypto is bigger than the Oracle of Omaha.
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What is happening to the bitcoin currency and other currencies is peculiar to market that is regulated by greed, wars and ignorance. It is the pattern of every kind of emerging industry. The crypto world will eventually stabilise with time and the currencies will begin to heal. good policies will however protect the crypto community from internal manipulation and vice
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It is good that the different nations of the earth begin to receive and adopt the crypto currency. It is a complement to the fiat system and it helps to decentralise the concept of aggregating financial contracts.
Go Philippines.
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Price stability also indicate a deep in the market demand and supply curve, and thus a price stability. This may indicate the gradual restoration of the markets rallying at under $7k. That's a good one and a pointer to good things to come.
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I believe those who are against the bitcoin revolution are either doing so ignorantly or do so because there is an ulterior motive to why they should attack an innovative and highly promising venture via the blockchain. They will soon realise it was a huge mistake.
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The price could certainly dip but not dip so low to come down to $1k. The market forces that equally benefit from the price will want to keep it up a bit.
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The popularity of the bitcoin and other crypto currencies as a matter of fact has grown. the popularity has spread to countries and hinterland who hitherto did not hear of it..... Bitcoin and crypto is here to say.
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The first point in getting started is to find links that talk about and discuss what the virtual currency or crypto is all about. Understand its concept and find all you need to know, then you are set to leave port. Best wishes
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In the mean time that the market is on fire, the weak willed and non-prudent might be tempted to sell. the prices will certainly rebound and when they do, it will be regrettable for those who sold cheaply....
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I wouldn't say yes or no. what I would rather say is that you carefully weigh the consequences before the die is cast, for when it is, whatever is before you may not be reversed. goodluck
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Well, its good that you bare your mind but something tells me that you are not a pessimist. the future of bitcoin is not bleak as you may be suggesting. On the other hand, the potentials of the crypto world is enormous and bitcoin will pay a crucial role.
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It is a real sheer price manipulation by the whales and the moneybags. What ever happens the crypto world is gonna gradually heal and steady out at some price that will be standard for a while.
Meanwhile certain regulations and policies can prevent mass dumping and internal price fixing.....just a matter of time.
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