I would say mostly because of changes on rules and regulation of respective governments (which you can say more on the prohibition and banning; negative news) and all those FUD-inducing news and statements from popular influencers and the media - they both can make people change their perspective, sell out their coins and contribute to the dump that yields prices to fall.
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Btctalk name: Enricogomez Rank: Member Current Post: 429 BTC address: 33QTs9V52Sw1vLVayQ7tK1PCMFKAWnYreJ Wear appropriate signature: Yes Wear Avatar: N/A
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Yes, I do agree that new rising icos which mostly are just scams can affect bitcoin negatively. People can easily generalize that all cryptocurrencies are just scams as they lost the trust and faith on it. Knowledge on the field and knowing the other side of the story is important.
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Maybe create a group that supports cryptocurrencies and share knowledgw to people about the advantages of it. News spreads really fast especially with larger groups. The more people tere are, the better it is. Well, at least on my country since it is democratic.
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No need to ask the question, everyone is here to make profit on bitcoin - or atleast still planning or still gaining knowledge about the whole field to strategize their finances. Bitcoin serves as an additional source of money for me, I am still a student and I do not have jobs so it is definitely advantageous.
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In my own opinion, I do not see ethereum dethroning bitcoin as the best cryptocurrency there is. Bitcoin is the first and the forerunner in crypto and it would take a lot to beat it, not to mention its curtent number of users (yes, that can change but it may due to some unexpected reason)
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If it happened in the past, it does not necessarily mean that it would happen - it is always just a probability and it will stay that way. Bitcoin is very volatile, making it quite unpredictable for the accuracy of any given speculations.
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Cellphones are not even allowed in the mass itself, kidding. Yes, I definitely agree that bitcoin is applicable even to church donations, utilizing it in that way will establish trust on the majority of people and shows the versatility of the coin which further opens other opportunities to be accepted by other business or monetary institutions.
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Eh, everyone is entitled to their opinion. I still think bitcoin is better than bitcoin cash. Bitcoin is the forerunner in cryptocurrencies and all these rising coins are either heavily manipulated or a form of scam. Nothing can beat original, honestly and based on my own opinion. Though I would probably invest in bch as well if I have the funds for profit.
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I personally would like to think that China has the greatest influence on bitcoin especially regarding its population. A change in regulations focusing on it creates a tremendous effect on the number of users. Especially to think that China is a superpower in economic aspects, its policies may be a model for smaller countries.
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I personally would like to think that bitcoin can be considered as #1 among all those criteria. All these rising digital coins mostly are just scams and heavily manipulated unlike the technology of bitcoin. Bitcoin will continue to be a forerunner on cryptocurrencies.
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I for one is from the Philippines and that is quite a good news. Utilizing cryptocurrency in a country can establish trust from other countries that can be a stepping stone for the world to finally recognize bitcoin not with its image that it will be used in scams, black markets and illicit activities but with its advantage over traditional fiat. I hope you won't be regret in near future. How many Bitcoin did you pay for the record? We do know that it is volatile which makes it difficult for payments, kind of curious like ^, too.
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Honestly would just buy bitcoin, it is less riskier than mining - plus there are no additional costs excluding the capital unlike mining which is def costy on electricity. There are vulnerabilities in mining such as damage on the hardware and even shortage on electricity. You literally get money for patience if you just invest and do buy low sell high.
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To convert your coins from bounty to eth, wait for a higher and more preferable price of your coin then cash them out - find a legit and trustworthy wallet that converts fiat to eth, simple. Some wallets directly convert bitcoin to ethereum though, maybe try looking deeper to the features of your wallet.
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I started off late 2017 and I am fairly new to everything, so you can say I am not. I still continue to acquire knowledge and understanding about the whole game so I can hopefully apply it successfully by making sound finance decisions on my own, without relying to anyone as you cannot really trust anyone in this game of money. This forum is a great help and served as a foundation on my interest of cryptocurrencies.
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Yea, sure - Samsung entering cryptocurrency is very advantageous. A huge company supporting cryptocurrencies is a huge step to establish trust from people and open their minds to the benefits of crypto over paper money. To which, it can mean a huge gain of popularity that may increase values as it relies on demand/supply.
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If we die then our bitcoin money dies with us, it will be irretrieveable forever unless you pass them for other people to take advantage of. Wallets should have a feature where you can "memorialize" your account to be able to retrieve by a family member by supplying proof I guess just like in Facebook when someone dies. Teaching a family member or any relative or peer is really helpful.
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Definitely a huge loss if you had forgot or loss your key to your bitcoin wallet. It is loss forever (unless your selected wallet has a security system which allows you to retrieve them that needs to be secure on the side of the wallet). I honestly would keep the keys very subtle, not in a text file or a flash drive as they are very vulnerable neither on paper as they often get so lost. Strategies vary from a person to another especially depending on their environment.
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There is not quite enough reasons for every government in the world to do so, there is still the benefits and advantages on it. We have come to a digital era where literally anything is digitalized, it is not a very remote idea to transition fiat to cryptocurrency as it is the plausible future.
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If you are able to, move out of the country and continue with your business with cryptocurrency. If you cannot, I honestly and personally would just stop but still hold the coins. Pretty sure that they will eventually lift it as it is plausible that cryptocurrency is the future of fiat.
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