...yet for every one of those, there are plenty of others trying to scam the public, launder money or evade taxes.”
It is not surprising that this above is one major reason that icos won't get financial support from banks. It's not even just ICOs being given the cold shoulder though, as even Kraken got the axe. It's pretty sad that banks are necessary for increased adoption. One would think that banks are doing this out of spite, and maybe on some level they are, but it kind of makes sense why they're turning away crypto businesses. it is partly that but also it is about all the illegal activity that took place thanks to altcoins last two years. you see all these ICOs and think they are just scamming a bunch of newbies but many of them were actually laundering money through fake ICO front and cleaned their money by simply running it through that fund raising crap and dumping it on exchanges.
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LOL, it his character and attitude and we could not change his ways and syrategy. Besides, he is only stating his opinion and that is not wrong for we have the freedom.of expression. Wether it could affect btc market price or not we should be thankful that btc has been talk over to which it could attract other people to join the crypto world.
if we let him and don't warn him, then he will continue to spread the FUD, and influence others, I'm afraid his statement will be accepted by fools who don't understand the crypto system. and finally FOMO will weaken the crypto market. then, he can also make every user become panic. if someone is panicking based on this guy's words alone then there is nothing you can do to stop it from happening, also they will be panicking and FOMOing with pretty much everything else so again there is no point in discussing about this topic and these people specially since they don't have any effects in the market's future! they are what we call "weak hands" and we all love them because they give us profit
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it is very easy to lose track of the reality when you look at this market. some people (specially the newcomers) tend to look at bitcoin price and see its continued rising over the past 10 years and think the whole market (meaning altcoins) should do the same and then they lose a big amount of money before they realize they were fooled by advertisement!
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the answer is pretty simple and it lies within that small term that you intentionally or unintentionally omitted from your post. and the word is government as in Chinese Government's cryptocurrency ranking. that should clarify how worthless that kind of ranking is. and if that wasn't enough you can take a look at the coins and their ranks in that list of theirs. all the centralized altcoins which they can clearly control are located on top and above bitcoin that is decentralized and despite all their attempts they failed to have any kind of control over it.
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that is not something you can predict. it is like predicting whether it is going to rain 10 years from now today! what miners are going to do depends on bitcoin price and how that is going to change. so basically if you are talking about miners adding 1 million ASICs you are not predicting anything about miners you are instead predicting about price then making a guess based on that about miners!
in which case i find it pretty strange that the author of that article has attempted at hiding his bullish price prediction with fake data about miners.
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surprise surprise another bullshit article from an even more bullshit website posted here purely for traffic! A supposed Iranian gold-backed state cryptocurrency called Paymon was widely reported, but it is now emerging that a lot of details about the cryptocurrency are false.
"widely reported"?!! there isn't that much information about it. it doesn't even have 1/1000 of the hype of Petro, it is not even released yet. how can something that is not even released be false over-the-counter cryptocurrency exchange called Iran Fara Bourse,
it is not over-the-counter. it literary means "stock market". it has no attribute of being OTC. However, BeInCrypto writer Alexander Fred said in an article published on 20 February 2019 that a lot of details about the supposed Iranian state cryptocurrency were faked.
well it is no surprise when his source is websites like yours who have no idea what is going on in the world 40% inflation, 15% unemployment.
these two numbers are missing a couple of zeros ...
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You have to take into consideration that a lot of people are holding their coins and pray that they will at least come back to the prices they've bought, a lot will dump for 25-50% percent gain rather than risking and hold for god knows what period.
true but the people you are talking about are the day traders not the investors or holders and that is the reason why the rise didn't last long because at the moment there are a lot more day traders than there are any other type of investors. The last time in 2017 we didn't have any of those, all those that endured years of bear market since mtgox had months to dispose of their coins and take a hefty profit, right now we have thousands if not millions of coins that are waiting to be sold even for a tiny profit just to avoid taking a 66%-85% loss and a lot of traders now that.
FOMO has different stages and different levels. after the previous big bubble burst ended in 2015 the price was similar to today around $200ish and then the FOMO hit and it went up fast to $300 range which was nearly a 50% rise. that is the type of FOMO that i had in mind. the other type that you are talking about is the final and the biggest FOMO where price went from $9000 to $20000 which is a much bigger rise (122%).
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But I wouldn't use Bitcoin to pay for anything that fiat can pay with unless it's very necessary, if I were you. Bitcoin is a provably scarce resource, don't waste it. HODL. yeah, but HODL to what end? we all talk about wanting or hoping for price rise and adoption but when it comes down to ourselves it seems like some of us forget everything and are still clinging tight to the fiat that we were criticizing right before that. it is great to HODL bitcoin but we should also not lose sight of the fact that bitcoin is meant to be used as a currency not something you HODL to eventually dump and get a large amount of "fiat"!
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My guess is that this won't happen until bitcoin gets more privacy options
if Satoshi wanted anonymous features in bitcoin so that he could spend his coins then he would have focused on anonymity from the first release but that clearly has never been the case and i don't think bitcoin can ever become fully anonymous. (it already offers enough privacy)
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Why would something that was made to be unstable,
that is the first time i have ever heard someone say that about bitcoin! what makes you think bitcoin is made to be unstable when it clearly is not? will still be expected to be stabilize through environmental or such different external factors? While the large adoption could stack up stone in the balance scale, and it could look like it can balance its price behavior into stable one,
these are not "external factors". it doesn't get any more internal than adoption! it is called "supply and demand" after all. and when the demand grows so much that it stabilizes with a stable supply (as it would be in a couple of years) price would be stable. but shouldn't that be happening right now?
no because we have not yet reached mass adoption. not even 1% of it.
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every day the bitcoin market looks more similar to 2015 bitcoin market. and each of the news like this one here makes me think there is more similarity and the same situation is about to be repeated soon. we had the same scenarios too, people being scared of bitcoin future, price not rising and staying stable, some speaking of ridiculous drops to imaginary lows, and the news spreading lots of FUD about bitcoin... you all know how it ended
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whenever you are having a hard time telling whether we are in a bull market or we are in a bear market since you can't see enough signs to be sure about one trend or the other, that simply means we are not in either one of these trends! the thing is, despite what most people think these two are not the only two options. we have a lot of different trends for example accumulation is one of them which is currently going on.
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i don't think the time when people come is as important as the reason why they came into bitcoin. at any time if they come in only to make profit and become rich (specially those who want to do it overnight) they will surely have a bad experience because of the volatility and the huge amount of FUD that is always around. but those who came in because of the technology and what bitcoin as a decentralized currency offers, will always have a great experience and stick around forever.
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How is this any different than steemit ? Dudes have been doing this forever and it turned out to be a marketing thing instead of make money thing long time ago. When it first started people realized they could get some tips for writing good quality articles.
i don't know what the link posted by OP says since i never click on these nonsense website links that post crappy click baits. but regarding this i have to say, it has no similarity with steemit! steemit is a website similar to reddit or medium where people make posts and get paid for it. while brave is mostly based on ads such as those you see on websites as banner. for example imagine bitcointalk's single banner add. in Brave browser you can set some settings (like the adblocks such as uBlock) to block every banner ad or script,... on all the sites except sites such as bitcointalk. that way you support your favorite website. where does cryptocurrency like bitcoin come in? there is an option where you could receive some small amounts for allowing those ads to be shown and also you can tip the sites you like all inside your browser in a decentralized way.
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i never understand why some people think the opposite of "not shooting up" is equal to "crashing down and setting a new low"! we have seen this hundreds of times already in bitcoin and millions of times in other markets. not going up is just that, price doesn't go up! in order to drop down and go down to something like $2k we similarly need a huge momentum in that direction which is not going to magically happen just because price didn't reach $5k!
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it is wrong simply because bitcoin exact price in an exact time in the future is completely unpredictable. the only thing we can predict is the rise itself and a big range that price may or may not reach.
for example back in 2016 when price was <$1000 you could predict that by 2018 price can reach somewhere between $5k and $10k and worst case scenario with a solid rise without any surge to $3k. but you could have never predicted $20k.
now in 2019 we can say by 2023 price is going to be above $50k in worst case scenario and we may be testing $100k already but that range is still too big and you can't limit it any more.
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It is safe to say that 2019 is a better year for the cryptocurrency. As we saw 2018 is full of mess and disappointment. We are now in a recovering year, unlike last year that we started at the peak.
I think it's early to say that we are in a year of recovery. Not enough time has passed, and the prices have been relatively stable. We can see small steps up, but the future can easily overwrite them into minor fluctuations. true, but what else would this year be if not a rising year? market trends don't last long, that is the dynamics of a living active market. it keeps changing and stays healthy that way. and when we had more than a year of drops, there is no more room left for it to continue. not to mention that the demand for bitcoin is also rising without fault which means we already have a big build up created waiting for the rise.
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these things are usually so small and are only limited to some car dealerships not the big companies and not on bigger scale that can matter. and most of them are doing it as a way of promoting their business and make more money by attracting more people to their business. which is why usually these things don't have that much of effect on bitcoin or its adoption.
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-dont allow mtgox and whale to sell their bitcoin in exchange.
these suggestions are the most absurd thing that i have ever heard, specially this one. what is next? you are probably going to propose that we stop letting people sell the bitcoins they have bought right away, they must wait 10 years before we "allow" them to sell! all that aside, why do you even think doing something like that would "raise bitcoin price"? you are introducing a big negative thing into the system that will drive many away! so if anything this should lead to price drop.
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the Samsung cryptocurrency related news was a vague one at best. in fact most of it was rumors that has been circulating online and things like that are not known to be a "bullish sign" in my experience.
on the other hand this is a good step towards mass adoption though. because it offers a way for anyone to have a bitcoin wallet on their phones a lot easier and in a way as default preinstalled applications and that can always be a good thing.
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