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The problem is that not everyone could control their emotion or fear when the price starts to drop low.
And I think that the reason why others couldn't HODL is that they invested more than they could, so when the price drops down they have no other choice but to sell because they couldn't afford to hold it.
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I think I would just open the topic and let them choose between Bitcoin or Alt-coin.
But I also must state the stake or pros and cons for both of it.
If you would open up investment to anyone you should guide them properly and tell them the pros and cons of those investment.
There are some people who would invite others to investment and only talk about the possitive things so others aren't aware of the risk of investment.
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It is good to see that any establishments are willing to accept Bitcoin but the question is if people are also wanted to spend their Bitcoin buying stuff.
That is really amazing, yet most of us had considered Bitcoin as an investment which makes me think that people are still preferred to use fiat over Bitcoin. I'm going to say that because, in myself, I can't do it. I can be one of those people who believe Bitcoin as a currency but never use it in real life as I can see more benefits if I use this for investment.
You are not alone, I think most of us think that way. We might consider or believe that it is a currency, but find it hard to use it as one since there is a chance that we might gain profit by holding it. I mean who would want to spend something like that, if you know that it could rise up any moment soon. It is not that we don't see it as a currency we just want to utilize the profit that we could and we could still use Fiat after all so we aren't force or obligated to use it as one. |
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Just the fact that it is still being used and it still have a value is enough to prove that it wasn't a failure.
We all have different opinion when it comes to success so for me this project was a huge success even though it isn't being used as a currency, we couldn't change the fact that people would tend to use it as an investment tool rather than using it to pay for things that they could with Fiat.
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Crap coin or shitcoin would always be destroyed Bitcoin doesn't even need to be involved.
Most of the Shitcoins would always be dump and would be forgotten after investor's claim their profit from it.
We have seen it so many times and I believe that we would see more of it in the future.
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Bitcoin has faced so many times like this before and proved to us that it wouldn't end like other crypto.
Just see how many companies have accepted it I am sure that it would survive and be back on it's glorious time.
It would take time for it to recover all we need to do is continue to support it.
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If Bitcoin didn't exist I think that there would still be cryptocurrency someone would succeed on creating it,
Bitcoin was the first successful cryptocurrency but it wasn't the first so there would still be others who would try if Satoshi didn't create Bitcoin it might just be a different name and creator but I guess it could still be close to it's function.
But if cryptocurrency didn't exist I think some of us might be really bored and doesn't even have investment, I mean I know some people who only started investing because of cryptocurrency.
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Recent fall of FTX shook the crypto ecosystem Also It has come as a lesson for crypto world, though an expensive one.
There are many crypto assets that are currently in the market and are backed by nothing. This has shown that when it becomes too risky to invest in shit coins and why we should avoid it.
Moreover it's becoming clearer that in future a lot of shit coins are going to fall on their face and wipe out from the system.
The fall of FTX also showed the lacuna of POS as well. While ethereum moved to POS. I believe it has in one way or other affected the crypto ecosystem to lead to this fall.
Believe it or not the future is of crypto regulations. The thousands of crypto projects which have been launched without any meaningful backing are going to fall on face.
It's time of retribution for those altcoins
All the naysaying and scepticism of bitcoin will going to end soon. As in a well regulated market only are few currencies will be traded. And for sure bitcoin will lead from front.
Bitcoin has always been leading in front, it has always been on top and there is no doubt about it. Most of us are already aware about the future of shitcoins it was called shitcoin for a reason, and I don't get why people have high hopes for those project when we are already aware that those project would only last for short time(most of them would be used by pump and dump groups to gain profit). |
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This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works. I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k. Haven't even heard about FTX until now lol. This shows how panicked I am  1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.We all have different circumstances in our life others need to cut loss in order to survive while other have the privileges to HODL because they could live on with it. Not everyone is lucky enought to have that kind of privilege, I know most of the time we would tell the investors or trader to invest only what they could afford to lose so they could also hold it like you, But in reality it doesn't happen that way people would be greedy to invest more than they could because of the higher profit that they are aiming. |
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Bitcointalk username: GideonGono Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=20857;Bitcointalk Rank: Hero Member Post count : 1687+1 Your Telegram Username: @GideonCrypto Your ETH Address: 0x4c8931936fa0c9710773e8ff585ccd47d784da27 Joined Telegram, Bounty group > Yes |
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This really never get's old in the forum everytime something Big happens they would try to connect it to any event just to blame it.
Linking crypto and other stuff just to justify or even have something to blame,
I think they just find it a lot more easier to accept if they have something to blame it on, that is why they try to connect everything.
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You might be right OP it isn't really quitting but a simple break.
The question is how long would the break would be?
Cause we don't really know for sure on how long we could stay out of gambling.
We might have been gone for long but who knows maybe in the future there would be something that would make us come back into it.
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Username: GideonGono
BTC SegWit Address: 323SKjLu5fc7dX6ffUifb1PBY3X9ACjDXp
Would wear the signature code and avatar when accepted to the campaign.
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I don't really keep it a secret, I just don't talk about it but if someone close to me would open up the topic the I would surely join.
I am not ashamed of being a gambler in the past , it is part of my life and I didn't borrow money to gamble so for me there is nothing to be ashamed of.
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Now that it is at low point again only those who really believes on it would stay.
Just wait for a couple more years and it would repeat the same cycle.
I am still waiting for it to go deeper than it already is to enjoy the low price sale.
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Other people are into crypto to buy something for their future or secure their future like house,
But there are also those who are like this who are willing to risk so much for crypto.
We just need to remember the golden rule in investment "Invest only what you can afford to lose".
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I like to store my coins at exchange before since it would save me time and fee whenever I want to trade them,
But thinking about the risk on holding it there seem's too much, and this reminds me of a very popular phrase "NOT YOUR KEY, NOT YOUR COIN".
It is better to be safe than sorry so instead of risking my funds due to my laziness and cutting off fee I would rather have them on my personal wallet.
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Username: GideonGono
Current post count: 1680
BTC SegWit Address: 323SKjLu5fc7dX6ffUifb1PBY3X9ACjDXp
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Based on recent trend in Bitcoin, this is the worst year in crypto history and the year is not over yet. I was talking to a friend this morning concerning the current crypto trend and guess what? This dude is loosing hope already.
And I don't even know how to encourage myself to invest more in Bitcoin, is it right for me to go ahead and buy the dip ?
I am expecting it to get lower until the end of this year. I guess I am just used to it that every Ber month or the last couple of months of the year crypto would go down due to the Holidays. But it is a good thing for those who are planning to accumulate just like me so enjoy every season guys and take advantage of it as much as you could. |
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I am currently working but I already made some plans and I am just accumulating funds to start my own business.
I don't want to be an employee for the rest of my life I want to grow my own business.
I want to have more time for my family.
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