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When you're at the December highs, you can't tell if it was a high water mark, or it was like last spring and summer when Bitcoin kept going up and up. Just forget all that, see the big picture, and hold on to your Bitcoin for the long haul.
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This is one important thing every new and old investor must always keep in mind. It is more like having a bank and you deciding to leave the vault open to the public or not putting extra security just in case.
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Selling your coins and buying some gain and selling then again is not helping at all. We shoukd just really look into holding and buying more rather than selling. I believe bitcoin will be a strong crypto currency and we will reao all the benefits from it.
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Bitcoin's price will fall but also, probably - it will rise up again breaking another all time high. It is currently on its consolidation stage and I personally think, in technical perspective, it has a strong support level and we may not see it fall down to four digits anytime soon.
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I'm kinda confused seeing that, because everytime i see news about crypto or bitcoin related, they only bring bad things and informations that make bitcoin image become even more negative. I don't know why, but maybe because people prefer to see bad things instead of good one because it's more entertaining.
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In-depth understanding requires detailed knowledge of the facts within a domain. The key attribute of expertise is a detailed and organized understanding of the important facts within a specific domain. Like in bitcoin need to ask somebody of what BTC really is and how it works so need to research and understand the word used by btc.
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Nowadays many investment fraudsters are using Bitcoin as an attraction... Just be patient, the next few years cryptocurrencies will master the way humans transact and surely the government will not make Bitcoin illegal...
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That's also my concept regarding how bitcoin being accepted or not by others. There will be always a not pleasing criticisms towards bitcoin but it's not actually a harmful one or a threat for bitcoin to be worried of.
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No doubt the money I get from cryptos is used by me to fulfil my basic necessaties but still I have to convert my cryptos into the respective fiat currency of my country in order to use it.
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If the economy fails and then it begins to grow again that does not mean that it is real growth since the living standards and the size of the economy will take a step back, in fact even now that the governments are celebrating new all time highs in the stock market that is not real growth, the stock market has been crashing in real terms since the year 2000.
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I think that is the progress of popularity made by bitcoin, more advanced technology in the world of bitcoin there are still many opportunities to become legitimate payment instruments in the world, those who already have bitcoin are also many who already use bitcoin to buy goods and that also replaces global money. I'm sure bitcoin can be used as money in the future.
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They are not sufficiently informed about it. Skeptics are afraid of an unstable course, as well as the fact that bitcoin doesn't have a material foundation. And many people stop the inability to hold bitcoins in their hands like ordinary money. Yes, such people exist and there are many of them. Change their opinion can only be continued by informing and explaining what bitcoin is in reality and why it should not be feared.
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It is also hard to take tabs on how much a person is earninng/spending with crypto as there are different wallets, which are again not controlled by the government. Imposing taxes on crypto somehow makes it centralized, which defeats the purpose of it.
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If you let it happen then you cannot make more money with that money. So you need to keep investing in different places and try to make the best return available on the platform to make money.
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It can add up profit and support to our economy as a country. Bad when the government focuses more on its own interest through heavy taxation because right now everything goods and services has already been taxed by the government.
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They consider these as a type of long term investment which can give them a big profit in the future. Besides, gold is much easy to sell and is universally accepted as a form of payment or exchange to cash.
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They will miss the time when the coin will go rise then what they lose in selling in dumping price, and in the side of traders and investors they will get big amount of profit of course so others love panic sellers.
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If you think that the coins is not making any progress even if the market is at its best, you should have to let it go and move on. Look for another prospect coins with so much potentials, watch to see it grows and be rewarded by having it.
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It may appear to lose bitcoins nowadays bitcoins are more important than loosing a wallet but yes if any other have pasword it may happen but for that reason we have to keep at oursides and not sharing to much.
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I'm sure that at least 5 times more people have lost their money due to the fluctuations than those that earned from it and this show to us how dangerous are the variations in the price of bitcoin.
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