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Yes bitcoin can easily rise to 60k$. Sime good news and bullish line will be started. Bitcoin is now so cheap. Imagine if bitcoin accept by amazon,Apple,Microsoft,Tesla and orher Major companies how much money will come into Bitcoin.
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I think it's a massive move from El Salvador. It will be a blast if the government approves it to the congress. Without a doubt it’s a big step for BTC too.
It's going to bring bitcoin adoption to millions of people who may have otherwise not chosen to engage in the crypto space. This can only be a good thing for bitcoin and for crypto in general. |
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I checked some of the news portals to know what is now the mood in El Salvador and they are flooded with anti-Bitcoin articles. It is not surprising, since Bitcoin is now officially a competitor to the US Dollar in that country. There have been a few protests from people with vested interests, but I don't think that we need to give much importance to them. These protests will gradually subside as the exchange prices rise. Anyway no one really expects that everything will be very smooth. The road ahead will be full of obstacles.
That's one thing regarding the bad news articles, but they also conducted some surveys among El Salvador citizens. Many of them don't even know what it means or what it is supposed to be useful for to make Bitcoin legal tender, but here is the thing: change will always meet resistance. We have seen that with Bitcoin right from the start. People need time to understand their options and how it could help them or maybe not help them. How should you have an informed opinion about something that you don't understand? If you have no idea about something, you don't need to say so in every post. The forum is full of information with which you can learn from the things we talk about, the network also has a lot of information. Learn the basics about blockchain and cryptocurrencies so that you understand things better. All the information is available to everyone, take advantage of it. |
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I think it is a good initiative that Nayib Bukele has taken, but I also think that maybe it has been a bit hasty. The population (most, not all) of El Salvador is not informed or educated about Bitcoin and blockchain, and that should have been the first thing the president should have thought of. My opinion on the Bitcoin Law is positive, but I think El Salvador still has months ahead for this test.
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If you see a BTC trend then holding is better. But everyone has their own opinion.
If I choose three options divide between BTC, USD and altcoins. I use this for backup because it could be wrong predictions for what I have.
Several times I have sold some of my BTC out of necessity. Otherwise I will store and multiply BTC.
I am not selling firstly at lesser price, secondly since I am a long term investor so such falls does not shakes me actually. As well, if have some funds or can manage to save anything extra for that month then during dips I invest more in bitcoin as it will always have a good bounce back in future. We have our own strategy for bitcoin. Maybe some of us are still holding bitcoin until now and buying bitcoin when the price is at the dip. But the other will buy and sell bitcoin and take profit and save the profit for their needs. As long as we know what we should do and save some bitcoin while we are trying to cover our daily needs, that will be no problem. We sell bitcoin whenever we want and also hold bitcoin for our future. As long as you are capable of holding your bitcoin without ffecting your daily budget that still good, after that huge last time high the chance to hit that back is still very possible. At this moment, while up and down is taking place. Long term believers will buy the dip and hold for more bagholds. Those people are already making a big profit from bitcoin because the price now increases to $39k, although the price now is down for a bit. It gives them the courage to still hold their bitcoin from a few weeks ago when the bitcoin price is down deeper. In the future, we will see bitcoin prices will increase higher more than today, and if we can have many bitcoins from the waiting time, we will make a big profit in the future. your identify are very good, I have been following you and thank you for these contributions |
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Bitcoin in the future will constantly grow in price, this is a fact, but when there will be another growth of the cryptocurrency market and bitcoin is unknown, perhaps the growth of bitcoin and the cryptocurrency market will still be this year, and perhaps the next pump of bitcoin and the cryptocurrency market will be only in a few years, so now we can only guess when the new pump of the cryptocurrency market will come.
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For almost a full day I pay attention to the price of bitcoin and still survive around the price of $33000. I don't see that there will be a significant change to go up. Will you still survive the market conditions like this? Confusing.
I get you, sometimes it will look like the price is not having any form of movement but this is not confusing especially when we know it is a weekend market. I believe for now I really wouldn't want to sell any Bitcoin I have but will rather buy more and continue to hodl because I believe we are still going to see a price rise even though it might not be immediate. No confusion, this is how the market works all of the time. Bitcoin is one of the best valuable crypto in the cryptocurrency market. Because we can see that it's price is very prefer than others coin.We also see that bitcoin price is increasing day by day.If we follow the behind we can see that bitcoin price is gradually increasing day by day.So i think that if we hold bitcoin,I believed that gradually it's price will increase in future.So I believed that if we hold bitcoin we can get profit must. |
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If we are talking about the probabilities of Bitcoin price, I personally still believe that the BTC price will be still increasing. There will not be a certain condition where the price of BTC will be down, today is still in a bullish season although the bear trap is ongoing. I believe that BTC price can really rise up again
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For almost a full day I pay attention to the price of bitcoin, and still survive around the price of $33000. I don't see that there will be a significant change to go up. Will you still survive the market conditions like this? Confusing.
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By seeing the bitcoin progress now, I think It's really difficult to happen.
Because butcoin is still struggling now after has big dumped.
In my prediction bitcoin will reach around 50-70 ak USD at this year.
100K USD is too far.
That's my prediction.
about I think anything can be happen at crypto space.
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it is similar to the fact that the Japanese Financial Regulatory Authority has approved Coinbase to operate in Japan. but this will be a long war because of their exuberance
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After new confirmed, BTC is pumping so hard. Now, BTC is almost 12800$/BTC. How do you think about this price increase? Is it uptrend?
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Maybe you are confused. Bitcoin works thanks to blockchain, or in other words, the mechanism of action of Bitcoin is Blockchain. Bitcoin is a product of Blockchain. When Satoshi defined Blockchain, he created a product that works on that principle, which is Bitcoin. If comparing between Bitcoin and Blockchain, I consider Bitcoin as fish and Blockchain as water. Fish without water, fish will die. As for the water without fish, it still holds its value!
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I agree with you that the 19 covid pandemic has been seriously affecting the world, which is causing the world economic crisis to come faster: social isolation has stagnated production, many people job loss, many companies go bankrupt, goods are not circulated ... And according to the announcement, it is not until mid-next year to have a vaccine or corona virus treatment regimen, so this situation perhaps longer and more strictly...
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I believe that now and for a long time, we still have to live without a bank. Because we live in a world where money is power, financiers, nations hold money to run the world, like the Fed is the bank that holds the right to print dollars. Therefore, is it possible for them to let us use cryptocurrencies to circulate, exchange when cryptocurrencies are born with the mission to change the world, is decentralized, decentralized, and public. Equal and no one can control? This is hard to come true.
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In my opinion, the economic crisis started before the outbreak of Covid 19. It was the US-China trade war when the US was at risk of losing its hegemony over the global economy. The Covid 19 pandemic only made the economic crisis come faster and faster. This economic crisis will have a much bigger influence than the 2008 economic crisis and we do not know whether the US or China are the winners. Personally, I think China will win this war, I will narrow down my business models, spending 30% to buy yuan, 30% to buy US dollars, 30% to buy. Bitcoin and the remaining 10% are cash. What about everyone's opinions?
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I disagree with some of your views. Firstly, America is not poor. The US does not attack China because of poverty or to become richer. The United States attacked China because China is now developing rapidly, being the second power in the world. This threatens America's No. 1 position so far: The United States is the world's No. 1 powerhouse, able to manipulate and control the world with its own power (as you can see in the past, the United States has how spontaneous to attack Iraq, Iran, start wars ...). The war between the United States and China was a trade war, gaining the world hegemony, it was like the cold war between the United States and the Soviet Union in the early years of the 20th century and the United States was the winner.
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