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If Bitcoin touched $10k, i don't think there will any negative impact on Altcoin. Reason of BTC price rise is its growing market cap, because of the new users are attracted towards it every day not the alt coin users shifting. If altcoin users has shifted to bitcoin then a negative trend in their market cap must be seen which is missing so I think there will be no effect on altcoin price.
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Mining need a lot of investment at the initial stage(even before even start). It include a lot of expensive electronic devices even to start mining and other running cost like electricity etc.
whereas no such capital is required for buying or trading Btc. You can buy bitcoin even with a very small amount say with $1 only. As price surges, definitely there is some rise in profits of the miners but still seeing the decreasing rate of ROI from mining, i would like to recommend buying or trading.
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Only way to kill bitcoin is to stop miners from mining(i.e. they stop confirming transactions) hence the whole system will hang. If no transaction made then obviously there is no fun in holding Bitcoin. Bitcoin is just a programing code which hold no value if it can't be transfered.
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It becomes a need of the time that Bitcoin network's should be run on the renewable energy sources because Mining devices consumes a lot of electricity which is not favorable for the environment and society. So its better to shift bitcoin mining on cheap energy producing sources, also I think it will also dec. mining cost and hence transaction fees will also be decreased.
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High transaction fees is seriously being a issue now a days. The major reason for the rise of BCH in last few days is the low transaction fees and quick payment confirmation.
Looking at Miners argument on increasing mining fees is that as Bitcoin market cap is increasing & demand increasing...Hash rate is also increasing. Seeing the energy consumption of the mining devices, they say they are unable to continue with same mining fees.
Only sol. which I see to this problem is the development of a mining device which consume less energy/electricity and hence mining cost is less and miner can able to a confirm a transaction at low mining fees.
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To tax bitcoin is really a difficult task because of its decentralized nature and anonymous property. But if say such thing happens obviously people attraction towards bitcoin decreases. As transaction fees are also being too much now a days, Users have to bear double load on them.
Moreover if attraction decrease, price will also dec. which will cause a serious threat for bitcoin market cap and growth rate.
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Bitcointalk Username: SixOfFive
Bitcointalk Rank: Sr. member
Number of Posts: 281
Bitcoin Address: 1Hn6WLAbkNVhdtAoeTMPmshRRiMuckhdcn
Will wear the signature/avatar as soon as accepted.
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People don't want bitcoin to be controlled and regulated by central authorities as they feel it would be against crypto-users interest. It is a propaganda created by some people without thinking the cons of a decentralized economy.
Lets have some patience and see what steps central authorities are planning to take in order to regulate Bitcoin or crypto-market, then only we can decide these regulation policies are good or bad for crypto-users
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I think that in the case of Japan, many countries in the next few years will be convinced of the effectiveness of crypto-currency payments and their positive impact on the economies of the countries and will massively transfer to settlements in the crypto-currency. Doubting and neutral to the crypto-currency countries will remain very little.
But japan has still adopted a secondary payment system approach towards bitcoin. It has not reinstated btc in place of yen. Question remains that till when BTC would make up a secondary economy? Will it ever be used as mainstream method of settlements? I don't think Bitcoin will ever be accepted as mainstream currency of a country because no govt. ever want their citizens to shift to any alternative currency whose transaction can't be traced. It can lead to serious national problems like tax evasion, money laundering, buying/selling of illegal stuff etc. |
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Nothing yet directly...I mean I have used it sometime to some of my friends to settle my accounts with them. But not exactly brought anything from bitcoin till now.
Few days back...there was a rumor that Amazon.com soon going to accept bitcoins as payment but nothing positive seen toward its development till now. Lets hope in year 2018, we must found some sites which will accept BTC as payment.
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KOINEX is the multi-coin holder wallet/exchange. It support BITCOIN, ETHEREUM, LITECOIN, RIPPLE, BITCOIN CASH, MIOTA, OMG, GNT etc from fiat to crypto and also vice-versa.
Have a look on it,I Hope you will find solution of your query there.
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Investors often see better opportunities of buying with each dip. As per Fibonacci believers....upward trend can't be straight, it always include some dips and highs and ultimately leads to a long term growth. Image attached within is an example of such a growth trend, So I believe periodic dips is the part of long term growth and is the opportunity of buying. http://investorji.in/wp-content/uploads/2013/12/fibonacci-projections.jpg?x89875 |
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Agree...Its the sad truth Alt-coin can easily be manipulated than Bitcoin. As market cap of altcoins is way less than bitcoin so manipulation is much easier to make. Moreover Bitcoin holders has already seen many dips and highs so far and now they have faith in it. On the other hand, Altcoins(especially ICO's) often got prey of panic selling.
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Bitcoin Talk Name: Sixoffive Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=307784Rank: Sr. Member Avatar Bonus: Yes Personal Message Bonus: Yes Post Count (including this post): 274 BTC Address: 1Hn6WLAbkNVhdtAoeTMPmshRRiMuckhdcn Will change sig. immediately after acceptance. |
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I don't have any specific plan but I want to be a expert in crypto-trading till end of 2018. I am trying to learn new trading techniques from various sources everyday . Plus I want to start a live crypto-trading learning classes by the end of next year so that I can generate regular and certain income.
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