Bitcoin is created to correct errors of a centralized system. Cross border fees were altered when bitcoin comes into picture. The anonymity when doing peer-to-peer transactions online. I guess those are the main reasons why satoshi invented this technology but for me satoshi hit 2 birds in just one bullet since his invention blockchain has lots of uses to different business sectors worldwide.
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Great article to read. We need these kinds of post to help fight those people who wants to spread FUD. Hope that you will create more positive posts like this one and help support the technology that we love. Kudos to you bud! This is what we really wanted to promote in this forum to let newcomers of cryptospace feel confident in using the currency not only in their daily online transactions but as well with their investments.
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That dream will surely be realized in the near future. Everyday the adoption rate is increasing at an enormous rate. When 100% adoption is reached the price of bitcoin will surely be stabilized and the main purpose of bitcoin as a currency will then be implemented and used in everyday online transactions.
This technology will really help better our lives specially those who are in the business sector. We just have to wait and see what the future of bitcoin will bring to our economy.
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Bitcoin will never be replaced as the most dominant crypto in the crypto market. There's no other crypto that is trustworthy and has a higher rate of profit if you're doing a long term investment. Three to five years from now I'm pretty sure that bitcoin's value will reach its all time high and I have so much confidence of bitcoin's performance by next year due to increased adoption that has been happening everyday.
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There are some channels who are really into these kinds of crypto value manipulation. In order for you to profit from this you need to be fast and efficient when it comes to timing. This is somewhat risky as well since you won't really know if all of the members are really doing their part. It's very easy to manipulate shitcoins but you can't do that in bitcoin for you need to have billions of dollars for you to make a difference in it's value in the market.
When it comes to worth, it really depends on the legitimacy of the channel that you are in. There are some channels that are composed of whales that could really afford to do pumps and dumps.
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Some of those coins are just shitcoins. CMC should remove those inactive cryptos so that newcomers won't be confused and won't create unnecessary blunder specially when investing into altcoins. If only we just focus on few cryptos I guess there will be less FUD and more adoption. Some of those shitcoins created doubts to new players in the crypto market because most of them are just launched for the devs to profit.
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I encourage everyone to just post valuable and positive information about bitcoin. You are not helping the community in making profit and building a good name for bitcoin. If you don't have any positive news to post just don't bother posting it. We are all here for the development of this technology and some of us are trying to destroy this awesome innovation with these kinds of negative posts. If bitcoin will skyrocket only those people who believes in the technology will surely profit.
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I wonder What makes you trust a new cryptocurrency?
There are lots of factors to consider when it comes to trusting new cryptocurrency. First, you should make sure that the people working behind the project are trustworthy and brilliant individuals. You need to consider this first for we are investing into the project. The second factor is to make sure that the project being introduced into crypto space is usable and has lots of ways to offer than any other existing crypto. Lastly, the number of investors that are coming into the project who wants to be part of the success of its ICO. There are still so many factors to consider for us to trust a new crypto.
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There's always a rainbow after the rain. So just hold on tight and soon bitcoin's performance in the market will make us all happy. Everyday there are lots of newcomers into crypto space so we should expect that sooner or later bitcoin's value will recover and hope it will reach its ATH again within this year. Goodluck to all of us and have a great day ahead of you guys!
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Nice post. I know that you are already fed up with the same posts in here almost every hour or everyday same topics. We can't really turn back time but those idiots are still hoping and trying to play dumb about bitcoin going back to be a worthless coin which is so impossible. I wish bitcoin will reach $100k not going back to cents per coin. All we need to do is just hope and pray that bitcoin will have a bullrun for that's the only time that we can profit.
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Bitcoin is just the same as any other currencies around the world, the difference is it is a decentralized one. It may bring lot of job opportunities but it is just limited to those people who has more knowledge about the technology. This forum really helped a lot of freelancers earn as much as what they earned or even more with their full time job. Bitcoin really did provide or increase job opportunities to each and everyone of us who has access to this forum. I guess there will be more jobs that will be available as adoption to the technology increases.
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We will always encounter such news everyday good or bad about bitcoin. Sometimes we just have to follow our intuition into everything that we invest in. If it's too good to be true then maybe we can do some thorough research about the legitimacy of the news. Having knowledge about the technology and understanding the fluctuations of bitcoin's value will give us a hint whether the performance of bitcoin will make us profit or not.
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Buying low and selling it when the value is high is a very basic strategy when it comes to trading. The good thing when you invest in bitcoin is that its value will surely increase over time. You just have to know when to cash out and don't let greed take over your judgement. Most of the time, we lost our profit because of greed wanting more profit and expecting bitcoin to won't stop its bullrun. The market will always correct itself from certain fluctuations so we must be smart in selling some of our coins when it hits its all time high again.
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For me the biggest weakness of bitcoin is the volatility of its value. The uncertainty and unpredictability of the fluctuations that could possibly lose our investments. If we are gonna achieve 100% adoption in the future, at that particular moment the value of bitcoin will be more stable and it will be widely used.
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Honestly I only use this forum to gain knowledge about cryptocurrency. There are lots of books to learn but it would be a lot more fun when it comes to reading discussions about a certain issue or topic. There are some people who really love to watch videos rather than reading books. I myself is not into books and I find it boring to read one so I'll just spend most of my time gaining knowledge using this forum and other crypto sites.
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Even if the adoption of bitcoin will reached 100% still paper money will exist. People from different walks of life should have options onto what they are gonna use when purchasing something. The people you are referring to nowadays will eventually adopt but in a very slow manner. We just have to empower those people for them to gain knowledge about the technology and be able to cope with what is happening now technologically
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That's why never invest an amount that you can't afford to lose for this will only create depression and frustrations on your part of your investment will be lost. When it comes to crypto there's no assurance that you will profit in a short span of time. Patience and knowledge is needed for you to become aware of the performance of the market and never let your emotion cloud your judgement for you will commit a lot of bad decisions.
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Sent you a message. Thanks!
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Perhaps their main mistake is to suppose that they can make a lot of money without knowledge, without experience and even without investment, although that would imply that this market is designed for lazy people looking for becoming millionaires without any merit.
Since you are talking about newbies, it will all start with nothing. A newbie is still on the verge of trying to understand the nature of crypto. As much as possible he will try to get crypto for free like doing faucets without knowing that it's just a waste of time. It's just normal since he lack knowledge about how to earn them. Each and everyone of us is a newbie when we all started diving into crypto space. As time goes by knowledge will eventually sink in and that newbie will soon learn that in order for us to profit more is to invest or risk money that we can afford to lose. I don't agree with your statement about crypto market is designed for lazy people. I do believe that every individual who is into crypto space are not lazy people. They are the smart ones since they found a way to embrace the future of technology and at the same time earning additional income.
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We all know that no one can really predict the value of bitcoin. The volatility is to high and we could lose our investment even in a day. With the bloodbath that we experienced few weeks back there are lots of doubts and fears coming in. Is bitcoin's value really manipulated by whales? or its just that, most of the investors shifted to a different investment vehicle?
I really think the adoption of bitcoin is increasing everyday, but why is the value is not going on a bull? Please enlighten me guys! Thanks!
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