indeed this will be good and bad for us, in the sense that when the price of bitcoin rises, our investment appreciates in value, but reverse is the case when there is a decline in price. but will be very bad for banks, banks will become obsolete with such development, this is the reason banks fight against the adoption of bitcoin.
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the major factor that affect the price of btc is panic, just like what we saw of late where some investors pulled out their resources from the coin. we saw a price drop, to have a stable btc price, bitcoin must leave the hands of the whales and be evenly distributed, in that way, a selected few cannot have full monopolistic control of the market.
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indeed it is truly a bloodbath, but this is not the end for cryptocurrency, do not panic rather see this as an opportunity to increase your portfolio with more coins because prices will definitely rise again that is certain.
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that's impossible, but i see opportunity when that happens, though that will limit the circulating supply of bitcoin, but in the same vein that will also mean a hike in the price of the coin, which will mean big gains to the holders of the circulating supply of 10%.
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the bearish market has always been a party of this cryptocurrency space, so definitely we will overcome, this is the perfect time to buy and hodl your bitcoin trusting and hoping for a bull run wish is around the corner.
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this is a good news for cryptocurrency, i cannot wait to see an atm mechine in my country here in nigeria, with developments like this, i can confidently hodl on to my bitcoin, knowing fully well that the future is bright for the virtual currency.
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i think we both shared the same story, though i was introduced into bitcoin by a close friend, who was also the same person that introduced me to mmm, after loosing half of my live savings to the ponzi scheme, i found shelter in bitcoin and i have no cause to regret my decisions.
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we all will agree that change is inevitable in every endeavor of life, once upon a time the banking system was the method of financial transactions, without doubts, the banking system has got it's loopholes and shortcomings, and that's what the blockchain technology has come to rectify. So 10 years back my answer would be that i prefer transactions from the banking system but the world has evolved and the blockchain technology is the new and safest method of financial transactions as it stands. the blockchain technology is decentralized thereby giving you the sole control over your financial transactions without a third party interference.
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well on a personal note, i forsee the blockchain technology taking over the world generally, so in the nearest future, we will see a blockchain base learning system, a blockchain base transport system, and so forth. the blockchain base technology if adopted fully will correct lots of shortcomings in human existence.
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Wow this is amazing, top celebrities endorsing bitcoin thereby creating a fair play ground for the bull run, let other celebrities take a leave from this and throw their weight behind bitcoin and crypto currency, this is a step in the right direction.
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There are people who invested more than they should, and get nervous at the volatility.
i don't think that the term ''more then they should'' is proper, there is no said amount that's too much to invest in bitcoin, we should understand that bitcoin is not just a currency but also a store of value. Investing as much as possible in bitcoin isn't a wrong move, but one need to trust in the coin you hodl through tough and hard times.
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thats the dream and aspirations of all investors, to see the market booming, it gives them join, Me inclusive, but for those that sees bitcoin as a means of making quick bucks or getting rich overnight is totally unprofessional and may result in disarray.
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This is very possible. The Blockchain technology is a revolutionary one with a lot of significance. As the people become more familiar with it, the adoption and utilization of the Blockchain and cryptocurrency will increase which will gradually lead the world to cashless.
i totally agree with this illustration of your, the world is craving for a cashless society in which every transactions will be more of a digital one, cryptocurrency backed by the blockchain technology will be the currency for transactions when the world finally goes cashless.
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the world is not just waiting for a decentralized money, but rather the decentralized money is already among us all ''bitcoin'' though the adoption yet is not as expected but soon every thing will become digitized and cryptocurrency wont be left behind.
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So, at one stage in your life, you should set some goals for something that you want to achieve in the future. The same is applicable to Bitcoin and you should set some realistic goals for yourself. I know a lot of people are aiming for 21 coins <as their first goal, because there are 21 million coins in total> Would you stop after you reached your goal or would you set new goals after that? When will you stop collecting and hoarding your coins or are we all a bunch of Scrooge McDucks? Let's see how many people have decided on specific, realistic goals and how many people are just collecting coins without goals. My precious.. well the main aim is to own 50 btc, that is my goal, but i don't intend stopping at that point, we all know that human wants are insatiable, so at that point i get to achieve my goals, i set new ones. so when i finally have my 50s bitcoins, i aspire to have more. but for now, 50s is the goal.
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My country don't have this strict regulations on crypto currency. Cryptocurrency has a free pass, now majorly i purchase cryptocurrency from luno. With an amazing app installed on my palm top, crypto purchase is just at my finger tip.
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this post is very helpful, especially to me, i almost fell victim to these hackers some months back, i was rescued by my crypto guilder who highlighted points to identify scams to me, posts like this should be spread among this forum to prevent others from falling victim.
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that's the spirit, to make a good investor, one need to be patient and confident, even in times of price instability, that's when you know an investor, so we are all confident, we may not be able to specifically say when the turnaround will occur, but there is hope that bitcoin will be great again.
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not only will this be good for us and the banking system, but also for bitcoin itself, as this will help to enhance and boost the use cases of bitcoin thereby causing it price to appreciate and bitcoin investors can smile at last. So with this single move, everyone stands to gain alot.
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nice idea, but do well to extend such to friends and relatives, investors and prospective investors alike. they should understand that at anytime there is a drop in price of bitcoin, they should see such as an opportunity to pill up more bitcoin in their wallets rather than panic and dump.
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