This is just the writer’s specul ation based only on redditor’s observation the without further search, but this can be a disaster for Bitcoin if it happens, especially if it’s on the headline news. Before this happens, negative sentiments and FOMO will be created if this news continues to be blown up to the public. |
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then US dollar is also an investment.
i'll tell you why. where i live the value of local currency is dropping so there are many who are now buying USD to stay ahead of the inflation that is going on. in fact they are investing in USD. and what they are doing matches the description you posted here, they will sell it in the future to get a huge profit.
but it doesn't make USD an investment. US dollar is still a currency no matter what you do with it.
the same thing is true about bitcoin. bitcoin is a currency by nature even if majority are using it as an investment.
But unfortunately because in fact many people do this, yes, hoarding dollars. I don't think we can limit a currency whether it can be an investment tool or not, as long as the price of the item fluctuates or at least not just follows the inflation rate , then the item can be classified to have potential become an investment. |
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Power consumption has been discussed several times in this forum, this is rather difficult to understand. The difficulty level doesn't have a fixed value, it follows the block height. If mining is not profitable then there won't be a legit company dares to enter with large capital, they surely have a very mature calculation . |
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In fact, even in life we mustn‘t protracted in adversity, regret and finally retaliate excessively, this should be a lesson to live a life with more relax but that d oesn’t mean we don’t think and take lessons from every problem. |
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Very important policies like this need to be planned very carefully, especially about demonetization in a country with very large population like India must go through a long transition until it’s completed. The role of the media between publication and the connection between the government and citizens has become cruc ial. |
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I never started to talk about crypto, but when they started talking about mining which they considered the system and monetization were suspicious, I tried to speak up and explain about it but they still didn't care or didn't even understand my explanation even though I had picked easy words to understand, even my friend who understand it only laughed and then I was silent because I am aware of this. This is why I never started to talk about crypto, it was really a w aste. |
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If they have a good goal is to get a lot of profit many will be happy too but before they have to go through several challenges like to hold when the price is low and not panic. Basic ally we have to buy it at a low price and sell at high price to get a good profit. |
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It seems what you mentioned is the investor who holds the coin for long-term, usually trader takes profit in a fast way and not spend 5 years because there are daily, weekly and monthly trad er. Where they are always updated and paying attention to market movements. |
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This is the err or of the HODLer's mindset, no I don't blame the HODL principle, I agree with this thread that we should not be afraid to use Bitcoin because it can increase demand and in my opinion HODL doesn't have to be forever, you should have a target when you have to HODL then buyback to reach the next target |
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That’s what I expected, Bitcoin became a global cashless payment ava ilable in every corner of the city even though not everyone will use it but the merchants still accept the payment because they believe in the Bitcoin community, but to support that the government must regulate and permit the use of Bitcoin as a legitimate payment tool. |
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Why do you have to force people who don't w ant to? Won’t it only worsen the image of Bitcoin? Let them come because of their own interest, don't be an annoying person, you will only be humbled or even shunned. Let them look at Bitcoin as they want, but it won't have much impact on Bitcoin, the market will remain strong no matter what people say because they are not involved in it. |
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Athletes maybe will confused when accepting Bitcoin, it would be wise if the athlete or even other players given an explanation of how to exchange or use it. That way, what is done by eToro will be more optimal.
I hope this will have a good impact on Bitcoin.
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So BTC and most alts are down 10-25% pretty much across the board from 6:30 est. this morning.
So what do you think guys, buy this dip or wait for more blood?
I think you must wait for the moment. Even though BTC and other digital currencies are being hit, but I'm sure there will be a moment to benefit from several other ICOs. This is almost near to lower and waiting too much can be huge risky at this time when year will close in coming months and generally in the end market picks up and give you the bumper return. So you may miss out on that ride if that happens now. Because if we wait too long we will lose the moment where it’s near to lower, we will never know how long this low price will last and it could suddenly rise because we are waiting too long. |
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That is because most people who have just invested in bitcoin bought bitcoin at high price and thinking that bitcoin will rise higher, and when they see the price of bitcoin falling is different from their thought they will be panic and sell it when the price is down. Lack of knowledge and being impatient will make them panic when the price drop. Therefore, when we HODL we have to be patient and seek knowledge to see ahead if bitcoin will rise again or not.
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Crypto’s basic concepts are easy to explain to ordinary people, don't give a confusing explanation to them. Make them interested first with your explanation, then they can accept it. Here I question you how you explained it, can you write it here.
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You must have prepared your knowledge and skills in trading on the market, because you will definitely get a profit. But if you’re not ready, just being reckless or just want to try it, you will lose your money. Because in trading we have to follow the market flow in order to get a profit or to avoid the loss.
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Profitable or not depends on the development team and the coin community, it doesn't matter how long the coin stands if the performance of the developer and the coin community is good I think the coin will be good as well. So basically a good coin has good development team behind it.
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I really hope that the price for bitcoins can again show us immense growth as it showed in 2017.
Everyone is hoping so, but what else we can do, bitcoin is normalizing its selling price because at 2017 bitcoin were rising continuously and it won't continue to rise forever. In my opinion for now and the next few days bitcoin’s price will rise more. Hopefully the increase will be able to exceed what had happened in 2017. |
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This is a rhetorical question, you actually already know the answer because you should be the one who knows yourself better than others. Okay I will share my own way, if I am afraid then I’ll count one to three while breathing air and release it quickly so I won’t think of anything.
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Now there are many kinds of money and there are banknotes and digital money. And every money must be based on trust if many people believe in that money, the money will be used more and more, just like digital money (bitcoin) where it wasn’t many people believe in bitcoin and didn’t have a price but now digital money (Bitcoin) has many people using it and the price is very expensive now.
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