I think many big good news effected to jumped avobe $30k.such as Alibaba will accept bitcoin and Brazil’s bigest Bank ITAU is joining National Association to Defend Bitcoin and crypto. And Coinbase wins at supreme cort as ruling backs Arbitration. I think thats big news are effected for increase. I think it will continue and within short time Bitcoin price will hit new ATH. If suddenly we get more positive news then bitxoin will be boom. And where bitcoin price will go we could not imagine.
Indeed, decision of an influential group like Alibaba, and Brazil's Biggest Bank joining national association to support crypto, have brought a wave of positivity for the crypto community. These events have provided a sigh of relief and countered the negative impact of SEC actions on the market, and as a result market appears to be recovering with Bitcoin maintaining and Bitcoin its price above $30,000 even during the weekend, and Bitcoin dominance index is also above 50%, indicating influx of funds in the market. Hopefully, the current positive sentiment will persist in coming weeks, potentially propelling Bitcoin price to reach its next phycological level of $35,000 level soon. |
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I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
I am glad to hear that your investment in Bitcoin has performed very well and now you are considering purchasing more Bitcoins. It is true that investment in Bitcoin proved fortune changing decision for those investors who timely identified its growth potential and gained substantial profit. It is important to knowledge that all type of investments are associated with some level of risk including Bitcoin, selling land to buy Bitcoin can be a risky decision, as Bitcoin value can significantly fluctuate which can emotionally disturb investors, therefore carefully evaluate your financial situation and risk tolerance level before making such an important decision. |
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Although on some other side, it still has a positive side impact, which may have been the reason why Bitcoin's value rallied in the market as well.
I fully agree with your context that there are some positive aspects to consider amidst recent developments. One notable aspect is continued increase in Bitcoin's price which reflects its resilience despite overall declining trend in alternative crypto currencies prices. Additionally, potential of substantial institutional investment remains high provided, concerns regarding security systems of exchanges, and past incidents of mismanagement, such as those witnessed with LUNA and FTX, are adequately addressed. |
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I feel that this is a big edge that fiat currencies have over bitcoin, because you don't have to pay extra to buy goods or services, even when you make fiat payments through banks, they only charge a token as transfer fees. So this high fees is a disadvantage to small business owners like me who has the intention of receiving payments in bitcoin.
I appreciate your recognition to utilize Bitcoin for small business transactions, which reflects how deep Bitcoin is integrating in activities of our everyday life. As many members have already recommended to use Binance account for making payments, but it will necessarily require all your customers and suppliers to maintain their accounts with Binance exchange which seems quite difficult task. An alternative option worth considering, is to explore possibility of using Lightning network of Bitcoin which is relatively low cost solution. |
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May be a bull trap. Now the 29,000 CME gap is filled. What can we expect next?
While it is true that, predicting next move of Bitcoin is incredibly difficult , but when we analyze the market in the context of recent developments in the market, such as influential institutions applying for ETFs and decision of Hong Kong government to encourage Banks to accept crypto clients. These important developments suggest positive sentiment of the market . From technical perspective, if Bitcoin price sustains above $30,000, there is a good chance that it will surpass its next significant resistance which is at around $31,600. |
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It's always about the money and will always be, know this and accept peace.
While I understand and respect your perspective regarding SEC and government controlled crypto exchanges. It is important to acknowledge that regulatory bodies like SEC are responsible to oversee financial activities to protect investors from any potential risks, such as scams and financial frauds. The introduction of CDBC and government controlled crypto exchanges may have multiple motivations. Governments may be aiming to improve the efficiency of monetary system, promote financial inclusion and establish better transactions monitoring system. |
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Simply put, it's the movement of the market and that's also the interesting thing about bitcoin that no other asset class has. Bitcoin always surprises us, and it is our duty to have a plan to enjoy it. Instead of looking for why it went up and why it fell, we should be prepared for both scenarios because bitcoin is unpredictable. I'm just enjoying the bitcoins above $30k before another correction, I will be happy if I can buy back the bitcoins under $26k.
Indeed, Bitcoin continually surprised market with unanticipated moves, yet there is always a rationale behind its volatility. The recent strong surge was triggered by sudden increase in interest from mega financial institutions of United Staes in spot ETF. This heightened interest is likely to result in approval of ETFs, as they are highly influential with substantial financial resources. I think the Chinese factor didn't have significant impact on current upswing in crypto market. |
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Why has Bitcoin suddenly jumped above $30,000? - 06/21/23
During the past week, there have been several noteworthy developments, that have had significant impact on market, and led to notable shift of market sentiment from negative to positive.This series of important events including submission of ETF application by Black Dock and decision of Hong Kong government to permit establishment of crypto exchanges. These positive developments have played key role in generating a significant increase of around $4000 increase in Bitcoin price within few days. |
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Hello everyone, I have a new question,
In your opinion, is it worth attending blockchain events?
Attending block chain events can be beneficial in many ways, such as acquiring knowledge about an emerging technology, interactions with professionals of industry, and gaining awareness about investment opportunities. However, decision to participate in these events depends on personnel interest and alignment with your business objectives. I always welcome such opportunities and encourage all crypto enthusiasts to seize them without hesitation. |
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Indeed, Bali is a tourist attraction, renown for it natural beauty, stunning beaches, rich cultural heritage and friendly people. I have never visited but would love to go there whenever I get the opportunity to experience its wonders. It is unfotunate that Bitcoin is not accepted there as method payment. However. I would encourage you to unite and amplify your voices on social media, urging government officials to recognize advantages of embracing Bitcoin as payment system and consider regulating it in your country. |
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Bitcoin - Asset Or Currency?
Bitcoin is a currency or an asset, it has been a topic of debate since many years. Ultimately, it depends on how you perceive it based on your perspective. However, it is largely seen as serving both purposes, as it can be used to buy goods and services like any fiat currency, fluctuates like fiat currencies and commodities. Simultaneously it is considered a store of value and hedge against inflation. In summary the classification of Bitcoin can differ across jurisdiction and the context in which it is being discussed. |
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You're hungry and there's no one sell any foods, someone offer you either a lunch meal or a Bitcoin, which one you choose? that's what happen.
When the world suffer of economic depression, Bitcoin will become worthless because people will try to save any daily needs as much as they can. Being rich aren't their dream anymore, they dream are only to survive.
However I'm not really sure what's the affect you refer, if you mean economic depression will make Bitcoin become centralized, it's completely wrong.
You are absolutely correct that during times of economic hardship , individuals resort to selling their assets including Bitcoin, Gold or whatever they posses to meet their basic needs and support their families. It natural instinct driven by the necessity of survival. As far possibility of economic depression is concerned, I think it is unlikely to occur unless the world major powers engage in a significant regional conflict that spreads to other nations, but hopefully, wisdom will prevail and it won't happen. The world has learned bitter lessons from previous economic meltdowns, and they won't repeat the same mistakes again. In summary, the performance of Bitcoin will largely depend on its adoption and timely resolution of its regulatory issues. |
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I think China took Blinken's current visit as a sign of US weakness, which it actually is. The United States realized that it was not possible to frighten China with large-scale exercises and that the American military-industrial complex could not pull a proxy war on two fronts. You have to bend and flirt, but without much success - Blinken was received much worse in China than Bill Gates.
I think we should welcome this developments and view it as right step in the right direction. Proxy wars and regional conflicts often lead to devastating impact on human life. Such conflicts/wars result in collateral damage and instable economy, making life of general public difficult. We as advocates of peace lover should raise our voices to exert pressure on super powers to spend more on poverty alleviation projects rather than investing on development of weapon. |
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America, from the beginning of time, they have always forcefully taking everything, and if they can't, it results to war, this is America, sorry friends and families on here if you are originally a US citizen.
Sam of the FTX have make the US politicians tasted what it feels like, to use crypto money to fund their political agenda, there is nothing anyone can tell me but with what's happening around Sam and the once proved allegation on him are being erased or pardon makes me think this is accurate.
It's like those behind him saying, damn, there is a lot of money in crypto, imagine what we can do in America if we can control crypto, there was no doubt that Sam stole money using FTX exchange, and those money are from various innocent people around the world.
If justice still reigns, investigating SAM will probably reveal some high profile figures in the America politics, nothing about SAM cases makes any sense anymore, I think the investigation already did revealed a lot, but it's the stuffs that the nightmares are made of, something that must never come to light.
The reason why all this is happening with crypto is the money that crypto is capable of generating, the fear of crypto growing bigger and them America, not being the biggest benefactor scares them.
it is true that United states has been involved in many conflicts around the world throughout the history. but in my opinion it is not accurate to blaming America for acquiring everything by force as international politics has numerous complexities and it is a lengthy debate. The allegations against Sam and FTX should be approached with substantial evidences considering that the case is still in the court.Furthermore, concerns regarding crypto currencies should be viewed in the context of an evolving technology, and governments around the world are making efforts to regulate it in a way that ensures effective monitoring of the financial transactions to protect interests of citizens. |
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The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .
You are correct in stating that there are so many uncertainties about world economy that make it difficult to predict its future direction. However, it is important for us take proactive approach in various ways to exploit your full potential for generating income from multiple resource. For example, if you possess IT skills then find out projects online according to your skills and increase your earning by selling your services as freelancer. It is equally important to continue upgrading your skill set level. This can potentially increase your income and make your more adaptable to the changes in the job market. In summary, to meet upcoming economic challenges, it is advisable to be proactive, creative, adaptable and open to new opportunities. |
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There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.
Is better to use small money or learn risk management first before investing especially newbies.
It is crucial to save a portion of your monthly earning, and making wise investment can prove advantageous for your future retirement. Investment in crypto currencies such as Bitcoin or stocks of popular companies like Amazon,Apple, Microsoft or Samsung can potentially yield substantial returns in the long term. To minimize risk, it is better to begin with small small amount and continue investing by using DCA (Dollar Cost Averaging) strategy which is consider beneficial to maintain buying cost at a reasonable level. However, it is important to acknowledge that all investments carry some level of risk, therefore carefully evaluate your risk tolerance level before making any investment decision. |
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I'm worried to know the difference between Lighting Network and Bitcoin, when I saw the Lighting Network issues, I Don't know were to start to differentiate them.
Is Bitcoin a Lighting Network, or Lighting network give rise to Bitcoin transactions or these are two different technology, because this information of bitcoin and Lighting Network is understandable to people know the difference. Please I want to know the difference
The Bitcoin is a primary crypto currency that operates on decentralized block chain, whereas ,Lightning net work serves as an effective layer-2 scaling solution of Bitcoin to increase speed of and reduce the transaction fee. It has been designed to address of Bitcoin's scalability limitations issue , thereby improving overall efficiency of the network. The main goal of lightning network is to increase network scalability and increase its usability. |
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Well, i hope everyone has the same thinking as you. But, nah, some or most of the people here trust these kind of exchange (e.g binance, poloniex, Gemini, coinbase) than trusting their selves when holding large sum of money, and taught it will be at risk if they are the one holding it. As lazy as what they are doing to their money to banks, then unfortunately suffer when times comes to very worst.
It is true that exchanges you mentioned in your posts have maintained the trust of their account holders since their establishment, by successfully maintaining security of funds and mitigating hacking issues. We also need to acknowledge that exchanges play vital role for development and growth of crypto industry, and in providing liquidity for executing our trades. Despite all these advantages, it is in our best interest to maintain funds in our own wallets because past performance doesn't guarantee future results. |
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You don't know the owner, but what makes you sure to deposit bitcoin to exchange?.
what makes you sure that your Bitcoin arrived safely and was not taken away by the owner?
I always thought that,
same as banks, I don't want to save it for long time, because banks often go bankrupt, and the owner run overseas.
There are many factors which we need to consider before we decide to select exchange for crypto currencies transactions. These factors include exchange's overall reputation, quality of security systems and insurance cover of its account holder's deposits. Even with all these assurances provided by an exchange. it is important to note that security systems are never 100% immune to hacking attacks, as hackers persistently search for vulnerabilities in the system to exploit it. Therefore, it is always advisable to store your funds in your personnel wallet and take measures to secure your keys. |
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How much longer until paper money is no longer in circulation?
It is very hard to estimate the timeline of potential phasing out of paper money and replacement of credit/debit card with Central Banks digital Currencies (CBDC) as it is a complex task and depends on many factors. These factors include, preparing of infrastructure, educating general public to adopt and accept it & establishment of regulatory framework by governments. Furthermore, important to understand the diverse needs of societies and their preferences, indicating the possibility of a future where multiple systems of payment could coexist. This evolving landscape could include, paper money, CBDC and crypto currencies. |
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