I think predicting bitcoin price is impossible, because bitcoin price is really unpredictable base on the unstable price.
Predicting the Bitcoin price is impossible, but the market reacts to external factors, and it is possible to predict tge market trend based off on news and publications and also the opinion of the public towards it at that time. FOMO or FUD? I have also heard arguments about how the current protocol considering the cost of mining can not sustain large growths, reason why the price crashes soon after rising.
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Firstly, these listed companies are not in competition with bitcoin. And they also have far more users using them, this is not a good metric with which to gauge the progress bitcoin has made. It's better to compare it with other means of transacting, like PayPal
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stop trading, just buy. Hodl in your own wallet. anyone who trades is a bear. you win by trading but never bull run.
This makes the initial post clearer, it looked like an attack on the two exchanges cited. Your advise is that we all hodl and lock up, it's not a bad one, but you can't tell other what to do with their money, especially as some profit from trades, it is an essential part of the market, and we can have a bull run with it
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Relaxing and exercising patience is easier said than done. Especially for those who did not experience that previous bull run and probably both in at the very top and are at huge losses. But it's the only option right now, hodling and waiting for a spark to trigger a bull run
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The bitcoin price has become much more stable over the years, and will get more stable as time goes on, and it becomes more wide spread.
I am of the opinion that accepting Bitcoin as a payment option would facilitate it's price stability, and not the other way around. Yes, it has become more stable, but is still has speculative value and would remain volatile until it is pegged to real products and services.
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Many of the old ways of earning bitcoin is still viable even today, maybe not on the scale it used to be at, but through, mining, trading, investing, marketing your skills (services). Faucets and lending has all but fizzled out, and I'd advise against those two means of earning bitcoins.
There are also some Bitcoin paying bounties here on the forum. Competition is stiff and difficult to get in as there is a maximum number required and it's rank specific.
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Block chain is originally a mechanism for tracking the digital currency Bitcoin .
This statement is incorrect. The blockchain was not created by Satoshi Nakamoto, distributed ledger system existed before Bitcoin and dates as far back as 1991. It is surely not originally meant to track Bitcoin. It was modified using the proof of work algorithm to create a secure network for transactions.
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I think bitcoin can really enhance the lives of people living in Africa. I mean, their overall economy is terrible and people don’t really use banks there much. But with bitcoin, they can just skip the banking part.
This is your opinion and I can categorically state, that the state of the economy here is not all doom and gloom. And no, people use banks very actively in Africa. Bitcoin may not 'enhance the lives' of people living in Africa, as it needs Investments. The blockchain if implemented would streamline so many sectors and would facilitate actions which would normally take ages to document. It would also Improve transparency, and hence reduce corruption.
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Anyone who has ever googled bitcoin would be aware of this bug which was discovered during the wee years, and is the first and only time a bug has been detected and a hack happened directly on the Bitcoin network. Subsequent hacks were implemented on exchanges and other sites related to cryptocurrency but not directly linked with the bitcoin network.
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I would advise you wait trying to predict when the market would bull. If you are not making short-term speculations, then do not attempt to predict the future price. Do you research, invest what you can afford to lose, and hodl, till you get your desired profit.
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Thanks for clarifying, there are lots of rumours going around about the new device and how it incorporates the blockchain technology. I for one do not think it would have much of an impact on the cryptocurrency market, it us a huge step, and would attract more interest to the blockchain. I see it as another rung on the ladder ti mass adoption.
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I think you can check any ICO in icobench,coingecko,topicolist and more. You can see every rating in every ICO. There are good site to see recommended ICO
Checking ratings on websites is not a very good idea I've come across many a project with excellent ratings on such websites turn out to be a scam, or a failed project before take off. This is cause majority of projects turn out to be disappointments despite having a glowing whitepaper and trying to disrupt one industry or the other using the blockchain. It's very difficult to predict which project would turn out good during an ICO. I go for those with an already established sector which is verifiable and functioning. ICOs are big risks. Only a small percentage turn out successful.
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The YouTube video is loop repeating the same words over the span of ten minutes, probably not worth sharing. But the message is pretty clear. Hodling in the midst of the current market crisis. Education on the bitcoin network and it's potential would help encourage hodlers to keep hodling for the golden days.
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The original blockchain was certainly designed to be that way.
As things currently stand, governments are going to be using tools that stand for freedom to be able to steal more efficiently lmao.
The blockchain could be manipulated in different ways. It is not always advisable to have an open source protocol, in some cases permission has to be restricted to a need to know basis. If permissions we're restricted where it isn't supposed to be, that would raise suspicion.
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It was intended to be an escape for those who are averse to the control and monopoly of banks and governments. By eliminating double spending and putting control in the hands of the actual asset hodlers.
For any of this to happen it has to have a value and it's decentralized, so it's value can not be regulated. Satoshi must have anticipated a situation like these when designing the network.
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- Have a well laid down objective, preferably a long term plan. Use current situation and tools to speculate on the future and invest according to your prognosis.
- Don't invest what you can't afford to lose. This statement is hackneyed, but can not be over emphasized. Regardless of the market condition, only invest spare money.
- Grow your knowledge. Read books, articles, watch videos, listen to podcasts. You are part of a digital awakening, get the most of it.
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Once we see HODLers giving up and selling at a loss, and the true believers being mocked and ridiculed, I think we'll be there and truly have our bottom.
We may possibly have both of that happening right now. There has been so much FUD spread in the past few days about the price and that could serve as ridicule of true believers. And hodlers may as well be cutting their losses. Exchanges are always going on, so it's quite impossible to pinpoint a time when hodlers pack up. I take FUD as well as FOMO with lots of reservation. Amd I'd prefer if members stopped propagating them here on the forum.
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Iranian crypto will not be successful for a single reason, it is not fully decentralized and it can be speculated by creators.
There can not be full decentralization in an Iranian owned currency or that if any other country, especially when it is a stable currency and needs to be collaterized in a tangible asset which has to be stored as a central facility.
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There should also be a guide on how to use the poll option. Newbies are restricted but I still come across unnecessary polls around the forum. Forum polls should not lose their relevance on the forum due to abuse from some members. Is it possible to report a poll, separately from the post itself, and have a moderators remove it? If the report is valid.
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A chat box can be useful in many ways like how we have in gambling and exchange sites. I wish to have a chat box here, it may be helpful to have instant solutions/answers for some emergency situations. For things which needed to be recorded for future references, we may direct for opening a new thread from chat box.
I am a regular member here on the forum, and can not contrive any real need for a chat box here on the forum. I do not frequent the gambling board, so do not know how it can be applied there. This forum is for cryptocurrency discussions. There would surely be groups on other platforms designed to fit your demand. A chat box on the forum would come with a lot of demands and possibly problem with spam.
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