Of course Bitcoin can't stay at the top forever, some coin is obviously going to replace it in the future. But I don't think that the coin replacing Bitcoin is going to be an ICO as currently the ICO market doesn't looks too good and the whole market is filled with scam projects with not much future.
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There's a reason why Bitcoin has survived this long. Cause government regulations cant touch Bitcoin and effect it in any way other than cause some minor trouble for people in buying Bitcoin. The decentralized nature of cryptocurrencies makes it immune to regulations and this is what the governments and banks fear.
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This is the best strategy to follow when securing your coins as even if one of your wallets gets hacked you will still be left with majority of your coins instead of losing them all. I also keep them on separate devices and laptops to make them even more secure from any hacking attempts.
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If you look in the context of that month then yes you were late but currently you won't be called late to invest in the crypto markets as the prices of cryptocurrencies are at rock bottom prices. And just cause someone has bigger amount invested then you doesn't means that you won't make money on your investment
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Unless you are day trading I don't think that anyone needs to learn technical analysis and especially in the crypto markets where the technical analysis doesn't works accurately. If you are going to just invest and hold your coins for the long term than you just need to know how to do basic research for a coin.
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Frankly speaking if you are still using MyEtherWallet even after it facing so many issues in the last few months I won't feel bad if you end up losing your coins. Using a web wallet opens you up to various hacking possibilities whereas by using a desktop wallet you have control over your coins.
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You are making too many predictions with no sources or technical analysis to back them up. Just putting out any number based on your intuition isn't going to make it happen. Also bitcoin price dropping to $1k level isn't going to happen. As dropping the markets by that much would be catastrophic and the most it will drop is around the $3k price range.
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Well Bitcoin is a decentralized currency and one is free to use it as he thinks right. There isn't only a single use case for Bitcoin, it can be used as a payment medium or as a store of value or for many other things. There's no harm in any of them. As the adoption increases people will automatically start using Bitcoin as a medium.
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Bitcoin is for the small people to launder money whereas the big players don't need such mediums and can easily launder their money using big banks and private organizations. But the smaller players don't have that option and bitcoin is the perfect medium to launder their money. Although I don't think Bitcoin is being used on a large scale for laundering money.
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You yourself showed that Bitcoin is actually much better than other currencies. If you look at other national currencies than they have gone down in value but Bitcoin is gaining value. What are the national currencies backed with? Nothing. Every currency has its value based on the demand and supply of it and so is Bitcoins value derived from it.
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Exactly, plus the governments could use these documents to track people. Not to mention the fact that it's pretty easy to get hacked and lose all the documents. Just few months ago few ICO projects which required verification documents from its users got hacked. Now imagine losing you personal documents to hackers and scammers.
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It's a pretty easy explanation for that. The longer the ICO period the more the projects are able to gather money. So it's pretty obvious that the projects are going to try to extend their ICO period as much as they can. Also many projects try to do as much development work as they can during this period.
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If someone in the crypto market makes a decision in panic mode than he has invested more than he could afford to lose. If you have trust in the project of the coin you are invested in then there is nothing that you should get panicked over and especially you shouldn't panic over its price.
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Bitcoin is currently a top 6 currency worldwide. Not many realize this but this shows how much potential Bitcoin has and how far it is going to go. Its already established itself and is on the brink of going mainstream. Bitcoin has already reached most of its goal and is a viable currency now and there is nothing stopping it now.
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You wont find a more public currency than Bitcoin in this world. Also what do you mean by private? Bitcoin is publicly available for anyone to purchase and is completely decentralized with no single organization or company controlling it. I guess it makes Bitcoin public enough.
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I am just waiting for the prices of the BNB Token to drop a bit so that I could purchase a big amount of them. Binance is currently the number one exchange for crypto currencies and one of the most secure exchanges. The thing that makes BNB tokens valuable is cause binance buys tokens from a portion of its profit and than burns those tokens.
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Currently banks charge very high fees for transferring money from one nation to another. Also a person has to pay very high Forex fees for converting his money from one currency to another. Bitcoin solves this problem by giving people the option to send money to anyone from anywhere in the world within a few seconds.
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I don't think any of the established and big market cap coins are going to x100 within at least five years. In the long run like a decade yes they can easily reach that point but I don't think they are going to increase that much in a short period of time. Also try to avoid low market cap coins in the hopes of better returns and look for any red flags.
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I think 2017 was one of the most crucial year for Bitcoin and 2018 has turned out to be a bear year for the Bitcoin market. Also the most crucial years were the starting years of Bitcoin and now Bitcoin has already established itself and there is nothing to worry about. What we are seeing now is just normal market cycles.
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Bitcoin cant stay as the base currency of the cryptocurrencies forever as nothing stays at the top forever. Also with coins like Ethereum gaining more market share more coins are getting paired with it too. Not to mention most of the bigger coins already having USDT(Tether) pairings on most of the exchanges.
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