Was Bitcoin ever better than US dollar? I think this is very complex question. Our world is still created in a way that we can't function without fiat currencies in everyday life, that is why fiat still has advantages compared to cryptocurrencies. But Bitcoin and cryptocurrencies in general are giving us alternative and some new financial possibilities, that is why my answer that combination of US dollar and Bitcoin is the best.
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It's possible that Bitcoin price will go down, it's part of volatility. But to say exactly that this is going to happen and how deep the price will go its very hard and it must be remembered that charts are not always reliable. So it's not recommended to make decisions now based on such speculations.
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It's very hard to predict when the recesion will start and it what scope will affect which country. Still Bitcoin hasn't direct connection to traditional financial and economy system so it's hard to tell if and in which extend recesion will influence the price. Although in scenario when recesion will drive people to buy more Bitcoin as alternative to fiat might pump the demand and as a consequences the price as well.
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The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it. Full ArticleIt's back on its feet again, but not at the price that we really wanted, we are very hopeful that the last quarter of the month will bring positive results, but unfortunately, it's not happening, the price is still going down, the best or the highest that we have gained was the $13k level after that it went down and stay at the $10k level. What are you people talking about? Back on the feet again? Like there was some major price dump or something and nothing really happened. I'm still surprised to see how many users still act and think like newbies, although they are not. What happend is just usual snall correction, something that normaly happens in Bitcoin price cycle. So I don't see any reasons to celebrate or to feel sorry.
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If you suddenly start to make or receive huge deposits, no matter if they origin from cryptocurrencies or not, every bank will be a bit suspicious and they will ask some questions. But everything depends on the country and regulations. Personally I don't think this is very smart idea. If you want to have such deposits in bank you rather open multiple accounts in few banks so at each account split some amount of money. That shouldn't be a problem for banks.
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I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!
The reason why they went out of business was mainly due to not having a decentralized version of doing it. I remember one telegram group for pump and dumps that literally picked which coin will be pumped and dumped by just the last digit of a litecoin chain and that was actually not a bad idea, nobody would be able to get in early and everyone had equal chances. Now pump and dump is not similar to signal groups I know but there was similar reasons why they got burned out as well. Signal groups were the same, some people got it early and bought, others got in too late and burned out, which resulted with only few people making a profit and most of the people losing money. Also most of the calculations were based on charts and we all know charts were not a good indicator most of the time. Signal groups were not useful at all. And those users who earned profit made it by chance, not because of these groups. Maybe only naive and unexperienced users really thought that such groups might help them, everyone else new this was rubbish.
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This sounds like another conspiracy theory and to be honest it doesn't make much sense. If that was true behind that should be some motive and some reasons and I can't think of any. Also, that particular government of particular country would have profited much from Bitcoin but I can't think of any such government.
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When governments accumulate bitcoin, automatically the circulation will get disturbed. This will get reflected over the market of bitcoin. Same time the less supply apart from the bitcoin that's been accumulated will create increased demand for bitcoin. This will create more value for the bitcoin. As bitcoin is manipulative, governments will surely try to manipulate and get benefited same as whales doing at present.
I can agree that accumulation of Bitcoin done by governments could disturb the market. Simply because such accumulated amounts wouldn't be small and Bitcoin supply is limited. But that is just the theory, in real life governments have no intention to accumulate Bitcoin or any other cryptocurrency.
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To my opinion such prediction isn't realistic, price of 100000 is exaggerated and in quite short period of time. Besides I can't see any reliable data analysis that lead to such prediction so everything sounds to me more like a wishful thinking. Never say never, I can agree with that and Bitcoin is unpredictable but currently I don't see conditions on the market or other factors that might influence such strong price growth.
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As a long term investment Bitcoin would be the best choice. But don't invest the whole amount just in Bitcoin, split funds. For example, two thirds in Bitcoin and one third in something else, orvidimo some other ratio that suits you. I also suggest that the rest of funds you invest is something different than cryptocurrencies, maybe gold or stock exchange. It's always good to diversify your funds. Variety will bring you more secure investment.
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If that currency tends to be global then it should be equaly accessible to everyone, no one shouldn't be excluded. But you forget that not everyone has internet access and those who have don't have equal speed and quality. So, it's not that simple and if you ask me it's actually impossibe, at least at current stage of new technologies accessibility in the world.
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ETH is currently very low with intention to stay so for a while. Otherwise to my opinion is the only coin beside Bitcoin that is worth investing. On long term it might get profitable again so you can invest some smaller amount into ETH but definetely don't switch Bitcoin for ETH, that would be bad decision.
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I think that he predicted many things in ICT and development of all kind of technologies. Maybe he didn't know it will be called quantum computing or super computing but I think he definetely predicted development in that direction. If he wouldn't have been a visionare, he wouldn't create Bitcoin.
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I don't think that will influence the Bitcoin price in any way. It's only about the registration of company and Binance isn't such big exchange that could influence the price changes. The reason for such decision of Binance is probably just regulation and legal framework demands so there is no reason to look for some secret meaning.
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We can only see something around 15k by the end of the year and breaking the previous ATH will be after halving.
I think that this view is valid for me. Price surge at this time may not happen until the halving. The halving is the push that will bring a radical volatility as the market is relatively stable now. Bitcoin users always have big expectations at the end of the year although there is no confirmation that brings the price rise. To my opinion Bitcoin will not touch again 15k this year and halving will not contribute that much that would reflect on price rise. Probably the price will remain in current range.
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Shouldn't this be positive news?
I guess, at some point, it can be considered positive. At least, bitcoin is in demand and is now really known not only by technologically inclined people but those regular people too (with regular, I meant kidnappers). Because these kind of people are now becoming witty than before, this should be a wake up call to the authorities and the government to regulate cryptos well. What is wrong with you? How could use of Bitcoin for criminal purposes be a good news? Or just matters to you that Bitcoin is used, no matter for what Even without such news Bitcoin still struggles with reputation of illegal activities currency that some people are still convinced in.
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In my opinion, the situation should change in the near future. India conducts very active trade with other countries and is trying to meet all modern requirements in the market. If today, for example, Germany and France have a positive attitude towards cryptocurrency, then other countries will also adhere to this trend in the near future. The most important and most interesting statement of the governments of these countries is that cryptocurrency trading does not violate the tax code, because only cashing a cryptocurrency in Fiat will be taxed, but not the trade itself.
I agree that some countries make examples and impose some trends, in the cryptocurrencies field too, although I very much doubt India would follow Germany or France in any way. Still India is trying hard to become a modern state although that will take time. In the long term I don't think that future of cryptocurrencies in India is endangered, just the opposite, I think it will go towards new progress.
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I heard some information that some financial industries including central banks in several countries are experimenting with Bitcoin. Which actually isn't anything strange, their business is to watch all kinds of financial movements and inovation. They need to know what are their options and opportunities with cryptocurrencies because they are aware this is something that can't be avoided anymore. And I think they have much more positive attitude towards crypto that public thinks.
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This have been asked so many times already but let me give my opinion about this thing again. Altcoin cannot replace Bitcoin's throne because of the term we called "superiority" meaning that Altcoins won't exist without Bitcoin itself. Bitcoin is the father of all coins here in the cryptocurrency world, and you won't call it a father with no reason at all. I know there is a lot of coin developers who are thinking that they might get to a point where they could make a coin that could beat Bitcoin, but until now, I can't see any of them making one.
So in my conclusion, Bitcoin will continue to reign this empire forever, because it's only the best coin we've ever had.
Yes, Bitcoin was the first and it started crypto revolution but I can't agree that other altcoins can't exist without Bitcoin. That was just a trigger. No other coin has replaced Bitcoin because the market hasn't accepted anyone of them in a way they would achieve bigger value and acceptance compared to Bitcoin. Bitcoin has certain advantage because it was first but if any other coin proved on the market to be better it would have replace Bitcoin. But that didn't happen.
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Firstly, of course swindling people out of 63 million dollars is a very big guilt. But it doesn't mean that the scammer could be brutally killed for a guilt like this. It is just horrible to think that his partners tortured him.
Theft, fraud, whatever is a crime, no doubt about it but people can't put justice into their own hands. If we allow that what kind of world would that be. So.I can't justify something like that, no matter what and people who did that to him should be punished.
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