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in my opinion there are two things that might cause the price of bitcoin to increase. the first possible rise is that this is the manipulation of the popes. the second maybe this increase is the impact of bitcoin which will be reduced by half in May. with bitcoin reduced by half will attract investors to buy more bitcoin. so the demand for bitcoin increases.
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of course until now I still hold bitcoin and some altcoin. because I still believe that investing in cryptocurrency is more profitable than investing in stocks or mutual funds. although cryptocurrency has a high risk due to price fluctuations but if we can take advantage of price fluctuations well and also have good speculation. then I'm sure we will be able to benefit. and in 2020 I think it's time for the cryptocurrency market to be bullish.
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in my opinion even though there is no bitcoin war it will still pump high. if we look at the bitcoin chart in 2017 bitcoin can reach ATH $ 20,000 after being reduced by half and at that time there was no war. so in my opinion maybe the conflict between Iran and America does have an impact on the price of bitcoin but not too big. Even without Iran and America conflicts I am optimistic that the price of bitcoin will continue to rise.
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Your points are absolutely true! Bitcoin is a currency system which effectively eliminates the need of an intermediary and is not limited by international borders! Still we take it as an investment! But here we need to understand why!
Being a common people, how often do you really send international remittance? How often do you really make international purchases? How often do you face such situation where you can't use your bank account to send or receive funds? If you can answer these questions, your concern will also be answered!
Those who need to use bitcoin for anonymous and intermediary free international transactions, they are using it! But the number of such people is very less! Majority of the bitcoin users look at it as a method to make money, either by holding or by trading and there's nothing wrong about it!
Bitcoin is popular today because it has given financial freedom to many people. So if people are happy that way, let it be an investment and a reason to happiness!
yes you are right bitcoin does give us convenience in international transactions without limits but transactions like this are very rarely done. and maybe the main purpose of Satoshi to create bitcoin is not for investment tools but if in fact at this time bitcoin is used more for trading and investment than payment instruments we have to accept it. because by investing in bitcoin we can get a big profit. |
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in the digital era like now the internet has become a basic need that must be met by most people. so even if for example I don't work in crypoturrency I will still need the internet. and the cost I have to pay every month to pay a fairly cheap internet bill of around $ 6 per month. and the income I get from working on cryptocurrency is enough for me to use to pay electricity and internet bills.
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since I first entered cryptocurrency I already knew that cryptocurrency has high volatility so I don't use personal money or savings to start investing. The first thing I did to get a capital investment was to follow a faucet and a bounty project. after the bounty is finished I will get a token. then I will sell tokens and use them to buy bitcoin and altcoin. so I started this crypto investment without using fait money.
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I don't think the ban on bitcoin in a country will have a big impact on the price of bitcoin. We know that there have been a number of countries which have stated that they prohibit the use of bitcoin in their countries such as China and Bangladesh. but bitcoin can still pump high even though there are some countries that reject bitcoin. I'm optimistic that bitcoin can reach a price of $ 20k, we just need to be patient and wait.
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I also think that events in the mainstream affect crypto prices. because I think now crypto has entered our economic system. and major events that occur definitely affect crypto holders. for example like the Iran-America conflict yesterday. when conflicts occur people will be afraid of losing their assets and therefore they seek to keep their assets secure. some chose gold and bitcoin. that's why yesterday the price of gold and bitcoin experienced an increase.
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actually I am still confused whether this Chinese cryptocurrency will have a positive or negative impact on bitcoin and altcoin. because until now Chinese cryptocurrency has not been released. I think we have to wait until this crypto is released.
and in my opinion if this Chinese crypto is only focused as a means of payment then I don't think this will have a big impact on the crypto and bitcoin markets.
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in my opinion using bitcoin for daily trading is very difficult. because the price of bitcoin is volatile can not provide benefits every day. and if the bitcoin market trend is declining then every day bicoin will continue to decline so that we will not benefit. in my opinion bitcoin is more suitable for long-term investment. at least to make a profit we have to wait a few weeks or months after bitcoin has increased quite high.
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I had a bitcoin but withdrew like a month and half ago on coinbase to pay some college loans especially since the value kept dropping. Obviously not the case now, I have $4,000 in the bank, what can I do now to make the best of bitcoin or can you give me strategies as it starts rising again?
in my opinion the first thing you should do is divide your money into two parts. for example you use $ 2k for living expenses and the rest for bitcoin investment. don't mix money for living expenses and investment money into one. then do research and analysis of bitcoin price movements. bitcoin is currently experiencing an increase but there is a possibility that bitcoin will dump again before decreasing by half. so in my opinion you should wait and see the bitcoin price movements. and buy when bitcoin has decreased. |
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I also think the bear market is not over yet because my hunch is most likely bitcoin will dump again before it halves. in my opinion the pope will manipulate the market and make bitcoin prices dump again so they can buy bitcoin cheaply before bitcoin is reduced by half. honestly it is very difficult to predict the price of bitcoin but I really hope that 2020 is the year of victory for bitcoin and cryptocurrency.
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I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position
in my opinion it was the right decision because I also did the same thing as you. I haven't held a new altcoin for too long because most of the new altcoins don't last long on the crypto market. so I also sell my altcoin for bitcoin. at the moment I only hold the top altcoin hold. I believe the top altcoin still has a chance to pump when it's a bitcoin pump. |
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anyone can speculate about the price of bitcoin in the future. but it is still the market that will determine. these two weeks bitcoin has continued to increase. I am optimistic that bitcoin will continue to rise and we will enter the bull market because when bitcoin rises all altcoins will alsoexperience an increase. and if bitcoin is dumped again I think the lowest point is not $ 5k but $ 6k. we wait for what will happen next.
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in my opinion the rise of the bitcon at the beginning of this year was indeed affected by the conflict between Iran and America. but now the conflict between the two countries has subsided. but bitcoin continues to increase. so I think the increase in bitcoin right now is a result of bitcoin being reduced by half in May. if we look at the previous halvingd day bitcoin chart. bitcoin tends to increase before bitcoin is reduced by half.
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in my opinion, China is only anti-bitcoin, not cryptocurrency because we know the Chinese president stated that he supports blockchain technology and plans to create its own crypto. and if I'm not mistaken this year they will launch their own crypto. and in my opinion China banned bitcoin because bitcoin cannot be controlled and is afraid that it could threaten the sovereignty of the yuan. but they still allow bitcoin mining because it can benefit China.
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Not only Pakistan, China, Turkey and Venezuela will also soon make their own cryptocurrency made by the government. this shows that cryptocurrency with its blockchain technology is very interesting to learn and apply. if indeed in 2020 the Pakistani government launched cryptocurrency then I am sure in the future they will also accept bitcoin and altcoin.
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everyone has a different investment strategy. and one of the crypto investment strategies is to buy some of the top altcoins to increase profits. because sometimes when bitcoin goes up, most altcoins will also go up. and usually the percentage increase in altcoin is greater than bitcoin. so that if we really do altcoin we will also get a large profit. I also do this. I hold some of the top altcoins like Litecoin and Ethereum.
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I think it's too soon if we say the bear market is over. although over the past two weeks the price of bitcoin tends to increase, it doesn't mean the bear market has ended. because the increase in bitcoin is not too big and also several times bitcoin also decreases and then rises again. and in my opinion bitcoin will dump again before halving. so I think right now we are still in the bear market.
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besides investing in bitcoin and cryprocurrency it doesn't hurt to also invest in the stock market. with various types of investment gives us the opportunity to get more profits. for stocks I chose to buy Sony and Apple shares. I chose both because in my opinion a company engaged in technology will have a great advantage over other companies because people will always be interested in new technology and buy it.
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