It's all FUD and FOMO dynamics, if there's great news you see the price quickly spike, similarly if there is bad news it crashes just as quick (or even quicker recently).
Right now there is a whole load of FUD, so the market tends to crash more often than it rises. When there is no FUD or FOMO the market relies on simple supply and demand, which tends to gradually push up the price due to the scarcity of BTC and the growing market size.
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10% per week is 5200% per year, not including compound interest. This is definitely possible, probably however, it is not.
That's like saying can you invest $10,000 today, then 1 year later have $520,000, does that seem feasible to you? Maybe if you got incredible lucky.
I think you should be happy if you are 1-2% up per week consistently.
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3.5 years is excessive though jesus. THREE YEARS just for stealing electricity? Man I am glad I don't live in China, sounds like a horrible place to live.
I think a more reasonable sentence is three months, or possibly even just long community service, what a joke.
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80% of americans have heard about it, just like probably 99% of americans have heard about the negative effects of being obese and yet few do anything about it.
In time everybody will switch to Bitcoin, just like those obese people will be forced to diet when they find out they're about to have a heart attack.
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Personally I am looking at Loom and Enjin for 2019 and beyond, gaming coins are definitely going to to be big news once they iron out a few of their early kinks.
I think we will also see a rise on smart contract language coins and distributed computing coins in 2019.
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Personally I think most ICOs are scams and you are probably going to lose your money if you invest in one.
There are however a few super good ones that come along rarely, if you see one of this, e.g. Pundi X and Bitgoals etc, then you will probably generate a profit.
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There is no reason to think that Paypal and Bitcoin can't coexist, they are afterall very similar, and it wouldn't take much modification to incorporate Bitcoin into Paypal as just another currency. I think this is the more likely route we will see.
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Well, looks like you were right, Bytecoin just got delisted from Binance for exactly these reasons.
They have failed to meet most of their developmental goals, their development team sucks balls and they have absolutely nothing great to show for the years they have put into the coin. If it's not great already, it probably never will be. Good riddance.
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If this holds true then we might see a huge surge in cryptocurrency popularity around this time in 2020 then.
However, it seems very unlikely that they would pin part of the success of an absolutely huge project on cryptocurrency, there just doesn't seem to be an rationale behind it which usually means it probably wont happen.
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All I can tell you is to stay the hell away from new exchanges, they will say whatever they need to say to draw you in, and then will screw you over when you are least expecting it.
Stick with the biggest exchanges such as Huobi and Binance as there is a lot of resources available to hep you trade and a great amount of volume to protect you against pump groups.
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It takes time for an altcoin to develop reputation and hence trust, most of the altcoins we see around today have only been around for 1-2 years, which is nothing compared to the age of the cryptocurrency industry as a whole (almost 10 years). The only real altcoins that have managed to build up trust is ETH, NEO and Monero as far as I'm concerned, the rest are still possible ponzis.
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If you feel like quitting then quit. It's very simple, you shouldn't be working in an industry that makes you unhappy and isn't working out for you.
There are plenty of other lucrative industries you could get into like finance, development, design etc, if you're going to stick around, at least have a backup plan.
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I'm glad to hear congress is actually being vocal about this, we definitely need to see something clear and definite, right now everybody is skulking around not knowing what the hell to do because the rules are so vague. I hope this doesn't in turn lead to generalized rules that cover a greater scope, like most governments have a habit of throwing out because they're too lazy to truly understand the tech.
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It is highly unlikely that brexit will affect the world economy to any major degree, and as such it probably wont dent the crypto economy.
It's not like the UK is the major player in the cryptosphere.
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That's what you get for going all in on such a volatile industry. Never go all in on ANYTHING.
Hedge your risks, diversify your portfolio and set stop losses for everything. You can still make money in crypto, just be damn careful whilst trying!
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There really isn't any huge injection of stablecoins as you mention, they've been around for a while and only seem to be gaining in legitimacy.
I think that it's unlikely we will see any negative influences of stable coins unless they become scam like, they can only bring stability to the market which is what we need.
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I think that your argument barely makes sense. You don't ask people to register their monopoly money do you? The very premise upon which crypto is built is NO centralization, that includes registering it under one controlling power.
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Bitcoin and Paypal dont actually need to be rivals. Paypal already incorporates several currencies into it, I'm sure adding a cryptocurrency into its exchange options wouldn't be that difficult. I think it would actually be a huge benefit for both, but in the end, Paypal will just adapt, as will the banks.
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You will be wasting your time with faucets, they are basically ponzi schemes where almost nobody gets paid.
Making 0.01 BTC with a faucet will take a ridiculous amount of time, and they usually don't last long enough for you to do so.
Your time would be better spent working for a few bucks an hour.
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Greed.
Have you seen some of these coins lately bro? I mean, what the hell, they're literally making coins for anything you can think of.
I mean there's even a blockchain for registering your animals, how ridiculous. Just because blockchain is good for data storage, doesn't mean every niche under sun needs to be blockchainified!
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