No one can predict anything about the price. The rise and fall of the price is a part of business. Bitcoin is always breaking it’s all time high records. If we look to the past of bitcoin then so many times bitcoins proves it’s growing nature, even after china ban. I think the price will clearly go high. It is only a temporary market amendment.
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It's likely possible to happen. Some economics professors have predicted that digital currency such as Bitcoin will replace paper cash within a decade. The digital currency will have an influence on the fiat currency systems of the world. However, fears of hacking, viruses, and other attacks on the entire financial foundation of a nation via purely digital means will likely make most nations slow to adopt such a form of currency. I think it's still a prediction, and we don't know exactly when. Time will tell.
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Bitcoin is changing the world because it's changing our system of money, how we handle it, and how it is censored. I think it will become one of the most predominant means of wealth storage. In addition, several big banks and other notable companies are building blockchain applications as a means of transaction as well. It is peer-to-peer with no middle man, thus having reduced costs.
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Not at all. Bitcoin price is volatile. We should know that, and we don't need to feel so much worried. What makes me surprised is when I found bitcoin price hits the very high price.
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One of the most widely publicized benefits of Bitcoin is that governments, banks and other Financial intermidiarises have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies
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Bitcoin is not over. The falling price of bitcoin doesn't mean that bitcoin lost its value. It is going to rise again soon. It's just for a short time. Keep believing that bitcoin will go up in this year, better than the previous year. Keep waiting and don't get too much worried about it
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Saving money is more secure than investing it. However if you save your money in a bank, it won't grow much. Whereas if you invest your money, it has a chance to grow more. The problem is investing takes more risks than saving. Thus, only a few people who have a big courage will invest their money.
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What I can say, investing is always better,to be successful in trading requires a lot of experience and a different mindset. After being a successful investor, the knowledge can be used to learn trading and over a period will have the possibility to be successful there too.
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It's a fact. There are many stories of people who succeed in bitcoin. They share their stories in Internet and social media to tell many people about their success in bitcoin. They reveal that bitcoin has made them to be a millionaire and even a billionaire. It's not just a dream, it's real. What you need to know is bitcoin can make anyone be rich suddenly, and also it can make anyone be poor immediately.
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Anything can happen. The value of Bitcoin won’t keep going up forever. However I believe the mere fact that bitcoin has survived as long as it has while growing in popularity over the last several years should tell you that it’s still positioned to remain the dominant cryptocurrency for a long time. Even if there’s a big shock to the price, there would still be a substantial community that would accept bitcoin as a substitute for cash, and that would pay cash for bitcoin.
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When somebody invests in bitcoin, he or she surely knows about bitcoin. Once he or she is interested in bitcoin, it doesn't matter whether he or she must be a millionaire or billionaire. Everybody can invest in bitcoin as long as he or she has enough money to invest.
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The governments could stop bitcoin. First, the governments could make bitcoin illegal to buy/sell/own bitcoin. This would reduce the demand for bitcoin for anything other than black market transactions. Second, they could increase pressure on anyone exchanging bitcoin for cash to record the transaction and identity of whomever they bought or sold from. This would make it much harder to use bitcoin anonymously and also substantially reduce the ease of using bitcoin. If the governments could do those two thing, it would stop bitcoin I guess.
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I think the dream of getting rich with bitcoin is possibly coming true. There some people who become a millionaire and even a billionaire because of bitcoin, and I believe it. To make it happen, we must work harder to get some bitcoins. Then we can hold and sell them when the price gets skyrocket. What do you think?
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Jealousy is often caused by frustration, you want something but you see somebody else with the thing you want you want. It makes you feel bad because you're not able to have it.
That's true. People get jealous because they want to be just like us, they want to have what we have, and they see us better than themselves. Moreover they never feel being grateful.
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I guess not. Gold and bitcoin are two different things. To investment, gold serves another purpose that bitcoin can never support. That of consumption. Gold is required for ornamental as well as industrial purpose. There are huge applications of gold in space crafts, machines, even in day to day electronic products like cell phones. Bitcoin can never replace gold here at the least.
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Simply I'll say that bitcoin is decentralized lised and therefore isn’t controlled by anyone. As we know that the hovernments form a currency since they like to control the currency. They control it through the central bank. They also like to know who has it, where it is, where it’s going. While they can't treat bitcoin like the currency. Thus, I might conclude that they fear of what they can't control.
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It's likely that there will be significant updates and innovation, such as the Lightning network and Rootstock, which together will increase adoption and usability. There is also a healthy ecosystem and the possibility that more large retailers will see the benefit of Bitcoin paymetns. All these factors will be bullish for Bitcoin. Since the network growth in particular can lead to exponential price increases, within five years this would mean a major price increase from current levels.
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Fear would be a wrong word. I think they don't view it as a threat so much (do remember, there are so many banks in the world. Maybe there are 220 countries and territories that have banks) . The main opinion is that bitcoin, at present is not a threat. It might be interesting, but not a threat, and nothing to fear. And I guess, complacency is the right word.
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Keep holding our bitcoin doesn't make us to be greedy. We are holding because we'd like to get more profits. I think it's a normal thing we hold bitcoin as many as possible until we find a high and proper price to be sold. I don't understand, in what way that holding bitcoin is something greedy?
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Bitcoin isn't bad. However our Governments see bitcoin as something harmful for them. The reason is simple, when our government looks at bitcoins, they are incapable of tracing any person or company holding responsibility for Bitcoin not only in their jurisdiction, but in the entire planet! And the governments cannot be able to perform their legal obligation to the society! That makes the government to take hostile approach to crypto-currency.
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