Yes we need to be more focussed on our plans for buying and selling as it's quite evident that Bitcoin is marching towards $25k and it's achievable by the end of this month or midway but we need to ensure we don't invest at peak as it would eb a suicidal move wherein our money can be locked for years if flash dip occurs. Those who had invested in 2017 December at peak most of them had to settle for lesser amount in return due to panic selling and bearish market but the long term investors had to wait for 3 years just to withdraw their invested amount. It's better we do a market study considering 2017 bull run and 2018 bearish market into consideration before jumping in middle.
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The new ATH looks not very interesting to talk about as it has not reached $20,000 which many people are setting as the previous ATH. That was an amount rounded off when Bitcoin made a very strong rally in 2017. And there is reason to accept that because I think there was really a point when the price of Bitcoin reached $20,000, however short-lived, on selected exchange platforms.
For now, I think the price of Bitcoin will still be going upward and will probably break the $20,000 resistance in the next following days.
Yes, Bitcoin will eventually cross $20k and if there is a strong resistance at $20k then we can be rest assured that Bitcoin will set an unexpected record like it did last time and I know new ATH may not look interesting as it's already predicted for years and moreover last few days has been bit of fluctuations. I personally feel $20k is not a big deal if we look at it from last ATH and the percentage of increase which Bitcoin achieved to reached last ATH, once we witness a good resistance at $20k then we need to make most of the opportunity which comes only once in every 3 years.
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I think that governments need to regulate Bitcoin eventually for the mass adoption. In the end, regulation means becoming officially legal to use it under some conditions. But the regulations shouldn't be too strict. Otherwise, Bitcoin users won't be happy about it and Bitcoin can lose its meaning.
Bitcoin shouldn't be regulated not even a bit because it will kill the concept of bitcoin's existence and even if government starts to implement regulations mildly, it won't take long to fully regulate Bitcoin and make it like any other centralized wallet payment system. They have been trying to regulate Bitcoin unsuccessfully from long time. Regardless legal or illegal users will figure out a way to use Bitcoin if they want to use it so we shouldn't be compromising on basic rules of bitcoin to make it legal.
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Finally the wait is over as Bitcoin has got a new ATH before the begining of December, what's next? Now we will so too many speculations with title like "Bitcoin to moon" Bitcoin will reach $1,00,000 within few months and all. But we really need to set right expectations in order to make sure we don't get carried away with the market chaos, I feel we need to wait for atleast a week and do various factors which might affect the value of Bitcoin for atleast one month before making any decision about buying or selling in order to stay safe.
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This was expected as even last week Bitcoin came so close to it's ATH but missed out by few hundred dollars but today it made it and soon Bitcoin will be in $20,000 club which was predicted whenever there used to be a pump fo few hundred dollars in the value of Bitcoin. This is going to be a start of new era and hopefully there wouldn't be any further corrections this week as we already had one last week and there needs to be a resistance at $19,000 in order to make strong prediction about further growth.
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I think institutions and whales are biggest threat to bitcoin as government or regulators will only make attempts to create panic among people by banning Bitcoin which is not possible at this moment but whales are already involved into Bitcoin share as they hold huge amount of Bitcoin using which they can steer the market price which will make it like a gambling so Bitcoin might somewhere lose it's decentralised nature when people or group can control it.
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This was unexpected as it kills the nature of financial freedom and decentralisation of bitcoin as it's converted like an e-commerce wallet balance which they can only use under its platform or wallet but cannot transfer it to other wallet. This dirty tactics needs to be stopped and users should be made aware of this and this is the reason I don't like organizations joining bitcoin or crypto in general they just kill the technology just to stay updated and mint more profits.
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It's not that most of the people don't know Bitcoin as most of us have heard the term Bitcoin but the understanding of bitcoin is limited to most of the people as some of them think it's illegal wherein few think it's like a gambling platform wherein a good number of tech geek and ordinary people understand what Bitcoin is really about. We cannot say people don't know Bitcoin especially after 2017 which made Bitcoin hot topic of the decade but it's rather people don't kniw it's functionality and features which they will gradually learn as we make further development.
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Nobody controls or owns Bitcoin or crypto apart from the owner of that particular quantity of Bitcoin or crypto which one holds it so there is no point of having customer care and all because no one can make any transactions or error without except the holdlers of asset. I would suggest you to do more research on the term decentralisation. Again it's your personal opinion whether you trust crypto or fiat but let's not troll either fiat or crypto as it's personal preference of the individuals.
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No, there is no correlation or any valid logic behind the it's the other way around as XRP and XLM gets benefitted by Bitcoin pump and XRP, XLM or any other altcoin's price have zero effect on Bitcoin as Bitcoin has been their before existence of these altcoins. It's rather users who bound to shift their funds to lower value altcoins assuming they can earn more profits during price pump if they have more quantity without understanding that it depends on on the percentage of pump rather than quantity which they hold.
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It as equal to asking why were over 6000 altcoins created when we already have Bitcoin for crypto? Please understand when a new exchange is developed they developer considering those factors which are lagging in order to provide those features in the new exchange like lesser charge, etc.
It's a dynamic domain which needs to improve as per the need of the hour
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No done can predict the price of bitcoin but if we do a proper analysis to identify the resistance slab then we can stay safe, as we speak Bitcoin has already crossed $17,700 and most probably it will reach $19k again and this time it would reach new landmark as the recent dump cna be considered as correction and since we just had a correction period I don't think we will have any further correction atleast for few weeks. Let's not forget whales does play a vital role in steering the value of Bitcoin for their own benefit.
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We need to wait until 12 December to analyse the real market situation once the airdrop participants receives their rewards. But I am sure Ripple will break it's previous record there is no doubt about that but how long will it hold on to the higher value is the question mark as even last time Ripple went crazy with pump but could not sustain longer.
Apart from airdrop the current bullish market situation is favouring XRP.
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Even I feel the same as lockdown has made people understand the worth of Bitcoin and even those who didn't actually tried any transaction via Bitcoin has made it during this last one year. I hope people get used to bitcoin even when life gets back to normal phase, now this bull run will add more advantage to crypto as usually more and more people who has no idea about Bitcoin gets to know Bitcoin when it breaks record like it did in 2018.
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The more we dig deeper it's more confusing and it doesn't matter whoever is behind the creation of Bitcoin as that person choose to be anonymous and what matters the most is the change Bitcoin has brought to our life and I am sure whoever creates Bitcoin did it with good intentions and we might come across so many such rumour and we shouldn't be paying heeds to those rumours.
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Yes this is neither the first correction nor this will be the last correction, we will come across more such corrections, but Bitcoin will always bounce back and I feel there is a strong resistance at $16k so we can still believe in bitcoin and avoid panic selling, at the same time we should not be buying due to FOMO. The current market situation is not suitable for buying Bitcoin.
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You probably know the answer to this question yourself. For now, conventional currencies, but in the future we will definitely switch to digital currencies based on blockchain, most likely.
You got it wrong, conventional currencies cannot be replaced but yeah blockchain is the future and we will see higher adaptability rate for crypto as preferred alternative for fiat, most probably stable coins and I don't think crypto will every replace fiat unless a new nation is created and use crypto as heir national currency. I am a supporter of crypto but we need to be fair and honest when it comes to these things as we cannot say it will replace conventional currency just because we support it wherein we all no it's not possible as of now.
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First they tried to stop Bitcoin and crypto when they failed miserably despite all those threats now they are planning to benefit through crypto by taxing on crypto but it won't be possible to tax those who use DEX as government will not have any data about users due to anonymousity, but CEX users are exposed to danger of being reprimanded by government and hounded with taxes. Even this time regulators and government will fail on their unrealistic quench of greed.
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Just one bad day and we have so many people coming up with numerous reason predicting the drop in the value of Bitcoin, we should not be concerned about what government of any country since they don't control Bitcoin and moreover even if US government try imposing more restrictions they will eventually fail like thier rival China who tried to set as many obstacles as possible but they failed miserably. Let's think about making most of it rather than worrying about it and also gear up for more such FUDS.
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Lack of knowledge and too many ponzi schemes are the reason why some people still think that bitcoin is a scam and most of them will understand bitcoin is not a scheme when they do proper research but few will not accept the reality. Unofficially some of the government organizations had already started warning people about investing or dealing in Bitcoin and other cryptos thus creating fear and assumption in mind of normal people that Bitcoin is illegal of scam. But the good news is that the situations are improving as more and more investors are pouring in money.
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