When there is value for a product, then the same will make scammers give it more attention. Same is happening with bitcoin and few of the cryptocurrency. The growth is tremendous and this makes them look for some way to get it. Some use the legitimate way to get make money out of it and some try the opposite way. This is where scammers make their way into cryptocurrency. These days the scam through YouTube have increased a lot. Also without any fear they're posting it to live stream.
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October month is much into expectation because of more special occasions taking place during the time period. As it is the last quarter of the year, it also adds more expectation among the common hodlers. If there is rise in the market this will be carried forward for the upcoming year. On such regard October is considered big. For December, there is a saying of year end growth. This has taken place on few occasions and not on every December.
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Ethereum is a big game-changer to lot many users. Years back it looked like the poor people's money, because people were able to afford it as a whole. By that time Bitcoin looked big. Now ethereum has turned to be big and Bitcoin have turned very big. This process keeps continuing through its continuous upgrade and development leading to more real-time usage.
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This happens everytime I change my holdings to bitcoin. I used to inform my friends playfully, tomorrow we'll see rise in the price of bitcoin. It used to be surprise for them to believe. Going through the thread it is good to see more number of users have experienced it. Maybe when I'm selling more users might be getting into the market with fresh investments.
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Already some countries have leaglized the usage of cryptocurrencies. In those countries it is quite a possible thing to gets recognised as a local currency. It is stated bitcoin could eliminate unemployment which is a wrong understanding, It gives transparency and accountability through its better infrastructure. The same doesn't have the potential to overcome unemployment issues.
Unemployment is a social issue that mostly happens out of corruption, which can be solved only by the active plans of governments.
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Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services. It is only government to blame for banning bitcoin and other cryptos. Because it all depends on the mindset of the leadership. If you see examples of progressive countries like US or Japan, they are the first ones to adopt the usage of cryptos. Now take an example of regressive leadership like India or Bangladesh, they are seeing it as a threat! So it all depends on the mindset of the leadership on how they want to provide financial freedom to their citizens. It doesn't depend on whether the officials have used it or not! It doesn't have any impact on the policy decisions! In a grown nation everything is connective, which means each and every purchase made is being recorded and the same generates them revenue out of it. With countries like India and Bangladesh they're not that effective with the financial infrastructure, because the policies and laws are developed in such a way to corrupt.
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With time we can experience evolution of the market happening with accordance to the development. This is where we need to think whether the bitcoin will survive after 100 years or it is the evolution for the ongoing generation.
When people got the access to use fiat in the digital format everyone found it to be more user friendly. People who aren't much into technology felt it hard, but later started to get adopted to it. Maybe the present generation will take a little time and get adopted to the cryptocurrency usage. When we think of such a larger time period it always stands as a question.
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Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.
LONG LIVE BITCOIN! TO THE MOON!
people always do, buy when the market is green... the crypto market is still filled with those who only follow fomo. the best time to buy is when the market is dip, but they don't do that because they don't have the knowledge and belief in Bitcoin. but those who buy btc at this time can be said to be quite lucky because the price of bitcoin has not reached $ 100k. This is how the common mind of people work. When the market is at the bottom we fear it might go down and we won't be buying. When the market is on the bullish side people buy feeling we might miss the opportunity to buy low anymore. There were more predictions about the market reaching $100k this year, and the market now is growing in a much stabilized manner. The next update with bitcoin is said to be a game-changer. Better to invest before that takes place.
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Bitcoin without fiat might've turned to be same as some tokens generated out of air without any real-time usage.
At the beginning days of bitcoin into the market, it hasn't got any usage. The concept and the development were into discussion within specific people. Later some believed and kept holding through the mining process. By the time it was given as free giveaway.
Think of the incident in which a person gave 10000BTC for a pizza. By the time itself it is valued against fiat. If not the vendor or the delivery person might've not accepted it. Slowly the organic growth has taken place. So, the chance of bitcoin into existence seems to be low if there is no fiat.
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The market of bitcoin is identical in some pattern relative to the previous growth pattern. The market change takes place in a cyclic form. So, nothing to worry about the market variation. When you find something to be low bottom, go invest. Because, we don't know when will be the next time to experience such price, but it happens some day. Can be after years/months.
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Similar to BNB was the price movement of uniswap at the moment. Also uniswap has paved path for the creation of more other swapping platforms. This shows the potential of the asset, and I make it compared with the BNB. Upon that there is more chance of reaching $30 - $34 if the bull trend continues and $100+ in the long term.
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From my personal experience into trading I never tend to invest when the market has turned bullish, because my trading capital is very small. For users with big trading capital can buy when the market has turned bullish, because there'll be little growth with time and the same can get good profits within a short. Myself used to buy at the low price and wait for the right time to sell and once again wait for the moment to buy it back on price drop.
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My coins will be lost I do not have any plans to put them into a will or allow anyone access to my Bitcoin. I can not trust any one enough to put something in place in case I die. I wish there was a trustless way of doing this but I do not think there is and I won't trust any one even if they are close friends.
Already we've got more few millions of Bitcoin sitting idle on different addresses and can't be retrieved, because those are lost. What you do adds to that and it doesn't contribute anything to the network, so good is to register for a vault and secure your private keys on it. If something happens to you, those things on the vault will be given to the name you've added as nominee on registration.
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In order not to lose a lot at once, you do not need to carry a very large amount for a deposit.
It's normal for practice traders not to have such an amount of capital. It's part of growing as a newbie in trading. But when a trader already got the experience and understands how he's going to earn, it could be massively or just an amount that he's wanting to earn then that's already going to push him for depositing larger amounts. When you master the trading process, you can go for higher investment. Until then it is good to learn what is happening in the market. Some used to invest blind without knowing anything, just thinking it a way to make money. Market fluctuation will be big with cryptocurrency market, people won't understand this and go for high volume trades. When the market turns negative, they won't be able to accept it. Because, it isn't easy to recover the loss all of the sudden through trading.
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Some news in Paraguay says that they're going to be the next one. And I agree with those that have said with countries that have high inflation or hyper inflation like Venezuela. I think that Nigeria should be the next one to make bitcoin legal tender as crypto and bitcoin has been really popular thing and people are using it between each other and there are actually shops who accept it
It's popular there but AFAIK, their government doesn't look friendly on it. It looks like El Salvador doing everything in a much organised manner than Venezuela which looks like a failed nation in terms of effective implementation. Nigeria has got more users, but it hasn't been recognised/supported by the government. However Nigeria is one among the leading country that holds increased number of cryptocurrency users.
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Your too good for a newbie because you know different things already but except of deciding on whether you invest now or not but no doubt that deciding is one of the hardest part here but to help you decide out you need to realise your goals . You said your in for long term then ignore the short term dumps but invest with your heart out . don't wait for heavy dumps if you think it will be hard to happen
It is nice that the level newbies that are joining this forum and this market is now increasing because there was a time especially in 2017 when newbies where investing in all kind of coins that had no future, obviously this is still happening but I think it is not happening at the rates that we saw before, it seems that they are learning that this market is like any other market and you still need to select a good asset if you want to make money over the long term. hopefully what you are saying is happening, because I felt that there are still a lot f uneducated newbies now who are just investing blindly, they follow the hype of a popular personality so they invest money, one example is on how DOGE reach to this level now, most probably it will not happen if newbies are not pouring money on that specific coin. We can't say it is only the newbies. Because it is clear to see the dogecoin getting high in terms of investment during that time. Those investments were not only from the newbies, but the large hodlers of the market too made use of the opportunity. Further the market dropped and now once again its time to record some good profit. For investment it looks like the opportunity missed and can be done during the upcoming price correction.
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Bitcoin price drops are common in the crypto world. Bitcoin prices fluctuating more than 20% are common and this is what creates opportunities for us to buy at low prices. Then, make a profit by selling it when the price is high. So, it's best, for now, to swap bitcoins to stablecoins first and wait for the market to stabilize for buybacks.
Fluctuation by more than 20% in the price was common when the bitcoin price was low under $500 back then in 2015/2016. Nowadays it is rare to see a quick change by more than 10% in a day. Following Bitcoin is the growth of majority of the cryptocurrency in the leading list. Upon this almost every cryptocurrency like ethereum, BNB are behaving same as Bitcoin. Based on the growth fluctuation that is happening with a 10% difference within short time period it looks like the perfect time for scalping.
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We shouldn't expect other countries to follow El Salvador, because already Japan had given importance to bitcoin as a currency ans supported vendors to use bitcoin instead of cash. Even it gave support through promotion. So Japan is the one to make it used as a currency. Now El Salvador will be watched. There is opposition from its citizens for the usage as currency and some street protest have taken place. This means people have got difference of opinion about bitcoin. Government needs to come up with systematic review to make them understand.
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There is no requirement of replacement for US dollar and let the cryptocurrency- bitcoin grow on its own. Everything needs to do its own growth and make changes in the global economy. What is the good on US dollar replaced by bitcoin. It might be having the highest adoption rate and increased usage, but it'll serve similar toa currency that is centralized. Let this be the global reserve asset, bit not an replacement for USD.
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Based on the move of bitcoin we can see the growth with the altcoins on the top list. With Binance the scenario is different in the past, because it recorded its ATH when the entire market was bearish. Later when the market turned bullish it made its new ATH. BNB is a potential asset and the growth will happen for sure. If I'm not wrong there is more chance of price touching $1000 before the ongoing year end.
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