People will determine its destiny. Also, decentralisation is a public decision. Since it is a useful tool, you can't say that's die. Government may take some control over bitcoin but it will be limited. When it comes to Altcoins, they have a different route to follow.
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Determination and hard work are factors to reach success. By time, you may develop your own strategy and you can earn it by being patient.
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Market needs a huge amount of fresh money in order to go up. Everybody talks about when. But the question that must be how? We need some good reasons like that some of large e-commerce companies must start to use crypto, a country must adopt a currency which will be BTC first, or some regulative framework have to be implemented.
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Goal of ETH is to replace blockchain with internet third parties. It is a promising idea, has a greate potential, and goes very well in its progress. Also, ETH/BTC is low and ETH may break down trend line in the market.
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Most of the written content are about hopes and wishes. I think, cryptocurrency has a strong potential which caused a significant growth of the market before.
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Like internet or mobile phones, blockchain technology may change our world. But how? It can also be used for advance of some groups. I think, it is too early to say that it is good for everyone.
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Fiat or crypto can not beat up one another. In future, financial system will be more complex. Since there are many risks of crypto, there will also be government based cryptos and they serve to give them control and visibility on transactions.
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That's just a part of problem. Increased efficiency is good for miners. This will make the market more attractive. But we need more investors and bitcoin have to be be more popular. As more countries legalize bitcoin, it will be good for the future of bitcoin.
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Nobody pays for a useless thing. BTC brings a lot of advantages when compared with fiat currecies or digital money of banks. Not only supply determines price of BTC, there is also demand side and demand for BTC still goes up in a long term.
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I think, we are at the bottom right now and the end of the dumps goes nowhere. Since we have seen a pretty good market last year, realization of earnings takes so much time and market couldn't resist to fluctuations. But it will go up in a long term.
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It is a difficult task to achieve at these hard times. For having a right decision, you need to read a lot, use different resources, and most of the work must be done at this stage. After that, these are a few questions ONLY you must answer;
- The idea of the project is achievable or not? - Products and services are alive or not? - Their products or services are strong enough to fulfill market needs? - Are team members real persons or only false accounts? - Do they have a previous experience or started from zero?
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Technology rapidly changes how we do business and it causes frequent fluctuations on financial markets. For example, a manufacturer has been producing a product for decades without changing anything in his factory. Right now, it is impossible to do that because new production and sales methods are developed almost daily. We need to be more careful when invest for an asset compared to the past.
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These institutions behaved like a sales representive of globalization for decades, developed countries gain a fortune from globalization, and most of the others became poorer except a few countries like China. Now, look at USA is doing to China to keep it poor. I think, it is not the right time for developing countries not to use their own currencies because they could totally lose their control on their economy.
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It has many unigue properties but the most important part of BTC is having no intermediate. There is no person or group who has the control. That makes it very special and I hope it will not change.
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We have to careful what we share. Social media sites also collect info about us without our knowledge. At first look, you may think that it is okey but this info can be used against you even after many years.
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I think it is the volatility and its consequences. Volatility makes people not to consider coins as a payment method. Thus, coins can't have a place in real economy.
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I think that blaming and judging people who want to get easy money leads us nowhere. People might join the community with their own motivation. We need to discuss more and more about what cryptocurrencies may bring to our lives and inform the crypto-community.
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Divide your money in three parts. One for BTC, another for ETH, and the last one for altcoins. Number of altcoins must not exceed three. These three altcoins must be choosen carefully.
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Although we all konow that it is computationally impossible to hack, someone can hack, your device have an access to your wallet. Even though cryptocurrencies are not controlled and decentralized , they are not totally apart from the influence of governments. Like internet, goverments are trying to find ways to control them.
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Crypto currencies have created more efficient ways for transaction and payment and their technology is also faster than traditional ways. It gives us many opportunities for business by removing borders. This technology helps entrepreneurs because it let them to reach customers all around the world.
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