I think that if you have the opportunity to keep your investments for a long time, you can buy bitcoins right now and forget about them for 2-3 years. However, right now there is a possibility that the price will break support at 8250 and continue falling to 7600. Therefore, I will consider buying in the area of 7600 or above 9100.
Yes in 2-3 years maybe bitcoin will have a much higher price from now or maybe faster. So for now, I think the market is still going down. So waiting to buy I guess a pretty good choice too. But if you believe bitcoin prices will have a high value in 2-3 years, then it's time to buy bitcoin. All confidence in the bitcoin price is only private speculation. I also believe the same thing that the next 2-3 years bitcoin prices will be much higher than before. Today, we must contribute to driving bitcoin prices in order to recover and dominate market capitalization crypto because only that is the main factor to realize all the speculation that exists.
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"Cryptocurrency market could hit $1 trillion this year with bitcoin surging to $50,000, experts say" Hopefully, it will come true!!!
Hopefully, it will be realized in the future. I may argue, to realize the above expectations, crypto market capitalization should be able to reach $500 billion first, because it is a signal that crypto market can experience a recovery in the future and the current conditions to achieve the amount of market capitalization I mentioned above is very difficult because continue to be in the range of $350 billion - $480 billion.
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As we know that the main problem of the current transaction world is transaction cost and speed, surely this will make the transaction error system someday if there is no best solution, the presence of cryptocurrency and virtual currencies is certainly the best solution.
Not just the issue of cost and speed of transactions that many people complain about but the injustice of the services of a bank that often distinguishes customers in terms of economic status makes people feel disappointed so they can not manage their money personally. Virtual currency such as bitcoin is the solution to all people's complaints related to bank services that always harming them.
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No one knows what bitcoin will move in the future because the speculation of each person is different depending on what development information they get to make a speculation on bitcoin prices. I personally enjoy more and keep pace with the current market conditions because with that we will know what analysis we are doing to benefit from the active fluctuations of bitcoin prices.
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All crypto has the same chance to become the next leader, with the notes the coins can defeat the market capitalization of bitcoin. So far, there is not a single crypto that can beat market capitalization of bitcoin although the dominance of bitcoin has decreased to about 35%. Bitcoin is too strong because bitcoin is like a parent to altcoin that comes after it.
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The above is the weakness of crypto or bitcoin. The developer's people or team made a mistake by utilizing the projects they built just to take advantage and earn large sums of money in a short time, once they got what they expected they left the project despite the actual vision and purpose of the project it can really be beneficial to build a certain way in the world.
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The opposition of a state government is bound to happen when bitcoin becomes a global currency. I do not expect so, but all I want is the acceptance of all countries for bitcoin to be an option other than currency to use as a method of payment so it will not interfere with the ecosystem of each country's paper money. I will not do anything to bitcoin if the government still has not received the bitcoin as I had hoped.
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Information is quite interesting to discuss. The current dominance of bitcoin against cryptocurrency is only 30% more, indicating that investors have not switched from altcoin. I'm still waiting for the transition time, where investors start switching back to bitcoin. Maybe they still hesitate to go back to bitcoin because it is still vulnerable in attack by some negative news. Crypto market is still too young and still in growth stage so it is too early if we say that crypto market will experience collapse in this month.
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35% ADA 30% NEO 25% NEM 5% XVG 5% XRP
I'm not sure if xrp will have a high price in the next few years, centralization is a system that makes xrp investors slowly sell its investment. You can replace xrp into bitcoin or ethereum, or other altcoins that have great potential like tron, eos or stellar (xlm).
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If you focus on holding long term focus to achieve that, do not look at the price and just let it go. But if you choose a short term holding investment I agree to sell and buy the price depending on the state of the market. You should focus on your chosen strategy before, do not play games if you do not want to lose and get a lot of risk.
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Just a question, can earnings from bounty campaigns actually sustain the needs of a family? Considering how volatile cryptocurrencies are and the rising cost of living. Can we actually survive on a day to day basis simply by earning from Campaigns?
The income from following the bounty campaign is not much but if the project from ICO bounty you follow good and have a good price I am sure the results will be sufficient for your family needs both per week and per month provided you are not wasteful in spending something.
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The wallet cryptocurtency is very much, easy and whether it depends on you can understand the wallet feature. When I was newbie I use local exchange to store some of my coin, as it is very easy and supported with the language we use daily. Then I tried to trade and I created a bittrex account, bittrex is equally easy to use. But to keep some tokens I still use myetherwallet until now.
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And now the price of bitcoin and altcoin back down, what do you thinking now? If you only see bitcoin from price movements per day or per week will make you more confused between investing or leaving the investment of cryptocurrency. But if you see a bitcoin price increase per year you will not be confused to decide and stay invested in cryptocurrency. I suggest to you to choose a long term investment, leave the investment and come back later.
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Good news from china, although a few days back a lot of circulating about the Chinese government will crackdown bitcoin users, but now there is someone who bought bitcoin with the amount of 10,000 btc will be a good trend in the next few days. But now the price of bitcoin and almost all altcoin decreased sharply, I do not know the exact cause.
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Hello,
I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.
I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
And finally happened what happened, rich got only very small percentage, while others live as they lived before...
What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
Mistakes are not on Nakamoto, but I think those mistakes lie in people who are not looking for information on economic technology development earlier, so they lose momentum to change the economy.
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What to fear from bitcoin? When this technology came to be the solution to the world economy. Instead, we should support bitcoin to continue to develop its technology so that more and more parties are adopting this technology and making sure people use bitcoin either as a payment method or a digital asset investment.
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Many parties have begun to adopt both government and private blockchain technology. However, it does not have any effect on the speed of transactions. Those who adopt this technology and make their respective altcoins entirely regarded only as coupons that can be used for the various services they offer.
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I do not currently blame these panic sellers, but rather complain about the decisions of those who have a mindset that bitcoin prices will continue as they have been in the last few months. They always sell when the price touches resistance and it makes the seller stronger than the buyer who produces the decline again, whereas many people are expecting a breakout to occur and go beyond price resistance.
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Getting all the information about bitcoin is not complicated because basically bitcoin is now bitcoin being the main economy of the internet. All the information about bitcoin we can get on this forum as long as we are not lazy and meticulous in reading a shared information.
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1. Do not remember electronic wallet password 2. Do not back up your wallet 3. Do not research new services 4. Buy and sell based on feelings 5. Leave your money in the electronic money floor
The five things above are common mistakes that beginners do not fully understand how bitcoins work. Hopefully the above five things can be more attention again by the beginners bitcoin users so they do not continue to complain with the losses caused by their own negligence.
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