maybe they wont change the world but at least the price is not crashing hard because of all those people who are constantly holdnig their coins
That is just temporary because when the price goes up then the market of that coin will go crash hard because the holders will sell their coins since the price is so high from their purchased and that will become the reason for the price to have a huge correction like what is happening to bitcoin right now. |
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I didn't buy bitcoin in december 2017, because i think that it will go down so i will just wait and then it makes sense for me because i am able to bought bitcoin when the price is $7,000 and that is a steal price for me so i just grab some bitcoins from that rate and now i am holding it and waiting for bitcoin to reach 20k again.
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I am not a hater but i want for bitcoin to dump more in these coming few weeks because i want for the market of bitcoin to have a complete process of getting rid of the people who got weak hand in holding. Highest fall for bitcoin is nothing for me because i am into long term and i am not getting affected by this fall.
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I assume crypto to become a real fundament of worlds economics and the most widespread thing in the world, it will be used by everyone and be the common currency.
Cryptocurrency are the future of almost all of the things here because all of the things in our world can run on blockchain which is a safer and more secured type of system. I also believe that cryptocurrency will be used by everyone and that is for sure since cryptocurrency has a faster mode of transaction process compare to the regular currency. |
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Hello,
Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?
I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
I think yes this is important because in that case bit go and cause more people to trust in it, people are thinking that if this current is existing already for 10 years, so it is a trustworthy investment source. I believe that Bitcoin will continue to grow very long and the cryptocurrency market will also become a major financial market in the world. In the future I believe the BTC will be of great value and it will become a widely used asset for its merits. I am also thinking about the same idea like you because cryptocurrency will become a market where the stock investors will go and transfer their funds from stock market to cryptocurrency market because of the faster profit making and that will become the reason for the cryptocurrency market to become one of the major financial market. |
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Bitcoin is an online currency and it is not that trustworthy like the fiat which have an origin of which country it came from and there is a government supporting it but the bitcoin is just an online thing and it requires approval so it can regulated by a particular country so it will be safer for the other people to use it in terms of transaction and so on.
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It is normal for bitcoin to have a crucial year now 2018 because the 2017 is just a full of aggressive bulls and a panic buying year so this is the year for bitcoin to have a correction and that is why a lot of people are expecting for bitcoin to lower a bit more in the incoming weeks but for me, even though it happen, i will still hold since there is no other way for bitcoin but to go up in terms of long term movement.
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Bitcoin brings opportunity to its users because if the users have bitcoin in their investment then they have the opportunity to earn more money because bitcoin is a really great investment since its price is very volatile so it means that they can earn a lot of money in just a shorter term of time and that is why bitcoin is a great option for other people who want to invest their money.
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I don't know why we should sell everything because we can just do other things that we wanted to do in order to waste time in waiting for the price to go up because we can just hold for a longer time and wait for the market to bounce back in order for us to recover the paper losses and also to gain a little bit of profit because we should always do buy low sell high strategy.
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I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.
Well, they sold today at at the dip near the $4000 double bottom.
The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.
If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.
This was last year irony in which a huge difference from today. I was bought my Bitcoins at $19,000 but i lost my hard earned money already when the Bitcoins price drops at $9,000 because of keep on holding. My point is we can't blame your friends if they sold it earlier and did not hold it for a while because we really don't know what will be the future of Bitcoin as we all knows that the price is very unpredictable. Like today in which the Bitcoin price is now at $5,800 in which if i still keep on holding or did not sell my Bitcoin from $9,000 before then i will not be able to cut the losses and will not be able to save a little from my ATH investment. That is why it is always best to have a cut loss target even though you don't have to be a trader and you are just investor because if you have a cut loss target even though you are an investor then you could possibly stop a deeper potential loss in investing. Panic selling is a good characteristic as long as you know your cut loss targets. |
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There is no fixed or 100% sure thing about the number of people to use bitcoin because there is no good way to measure the amount of users of bitcoin because it is impossible since we are not using one type wallet provider and we can create a lot of bitcoin wallet so it will be hard for the other people to measure it but the only sure thing is, we are growing and our community is getting bigger.
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It will have a huge effect in the whole market because the altcoins will not have a clear basis for following a certain trend in the market because they used to follow the trend of bitcoin and if something goes wrong in bitcoin then the altcoin will have its effect also and that is why there will be a huge effect and confusion in the market if bitcoin will be dethrone in market cap.
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Exactly. However, I think there will be more and more newcomers to them simply as bounty hunters. In addition, sharks can manipulate prices and create large shifts to make a profit. So, the market will probably become more harsh and harder to make money than before
New investors are important for bitcoin development. New investors can give good support to bitcoin. Although the bitcoin uses are increasing rapidly, because they have already seen people taking profit from bitcoin investment. They still hopeful that they can also get some profit if they will invest money in bitcoin even in current time. Because the bitcoin price is already trading too much low and chances are that it will increase too much in future. In my own opinion, there is no connection for bitcoin development and also the investors because it doesn't need that a lot of money to develop bitcoin because it is just the code that they will modify and the thing that they need to put a lot more is the effort and time and not money because it is not that big deal for bitcoin development. |
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It can happen since the whales are the one who got a lot of bitcoins or capital in the market and they can make a fake pump or dump in order to fool the other traders or investors that they should buy or sell, depending on the situation and once they noticed enough volume of orders in the market then they will secure their profit.
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If you already profited from your bitcoin investment or from yourbtrade then there is nothing wrong with selling some of your holdings specially when you need the money. We all know that bitcoin is not widely use as of the moment so if you need to purchase something and you’ll need big amount of money then selling/converting your btc is okay. You will earn it again in your next trade.
That's true. We should sell if we need the money but if we don't need then learn to compound bitcoin because that is better rather than cashing out every time we make profit because if we will just sell our bitcoin when we need our money from bitcoin trading or investment then it will help us to avoid dumb spending. |
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Bitcoin is already one of the largest currency in the world but it is not still already accepted and well known worldwide and that means that bitcoin is a really powerful cryptocurrency because if ever that the big players goes into bitcoin then it will make the price of bitcoin to have a rally and it will continue to go up and become unstoppable.
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the hack of mt gox have shown that the stolen coins are irreversible and lost forever, but the immunity from hacikng and fraud still exist as the wallets stolen are from exchanges and their lack of security.
so now many projects offer security for wallet, thus giving immunity from hackers. it is very useful for large corporations that store many cryptocurrency assets, because once lost, it means lost all its assets A lot of high secured exchanges are now everywhere on the internet since the biggest hack of exchange at MtGox at the past. There are still some exhanges that is vulnerable to hacks and that is a proof that there are no sites that is immune to hackers. All sites or even exchanges are vulnerable to hackers, it is just that there are some are hard to be hacked. There is no safe site in the internet all of the websites are still vulnerable to get hacked by the professional hackers and that is the reason why it is not safe to keep our bitcoins or even the cryptocurrencies to the different exchange for a long time because it is not worth it and it is best to invest to the hardware wallet to increase the security level. |
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Most of the projects are just not working well in the long term because they are good in their first few months because they are so motivated to work hard for their goals or target but after they feel that it is not that easy to achieve those things then they stopped because they think that it is impossible for them to achieve and that is how the projects failed and that is how the people lose their trust in new projects.
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When i say bitcoin is number 1 it means that bitcoin is the best among the rest and there is no one that can surpass bitcoin in terms of being the number 1 in the market. Bitcoin got the community, bitcoin got the stability in terms of technology and that is the reason why bitcoin is number 1 and will continue to be the number for a long time. To the moon!
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This is normal in the cryptocurrency space because of the decentralized feature and because of that it means that there is no i charge in order to control and to minimize the manipulation that is going on in the market so what we can do is really observe and learn the pattern of the manipulation and ride with it when we already get used to it.
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