Bitcoin is legal and here in my country, we can exchange our btc freely to fiat whenever we want to. They aren't strict towards the use of it but I know someday they will regulate. There are few other countries that banned btc and most of them are very poor countries.
I just want to respond to your view of a poor country that prohibits the use of bitcoin, I think the legality and ban of bitcoin isn't dependent on economic status of the country, but of course it depends on their government policy in making regulations about circulation of digital currency, because in fact many developed countries in Europe are banning the use of bitcoin and I think bitcoin in your country is legally functional but not for its legality, because if the bitcoin legality in your country is legal, there will be government regulations regarding rights and obligations of bitcoin users.
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I think not only bitcoin alone has a good future, although altcoin prices are now down drastically but i believe altcoin has as good a potential in cryptocurrency, but it certainly needs research to invest in altcoin because not all altcoins have good prospects and progress well, even some altcoins have passive price movements and are in need for always selective in investing in altcoin.
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I think although bitcoin is the source of trading all crypto currencies, but I do not believe if bitcoin dies then altcoin will die, maybe there will be new coins that have better features than bitcoin that seems to replace bitcoin role. Maybe you believe in human "reincarnation" and that might happen to bitcoin.
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Bitcoin is very popular today when compared to other altcoins in cryptocurrency, this is certainly achieved thanks to support from all parties involved in bitcoin as well as level of public confidence in bitcoin that triggers an increase in bitcoin. but popularity of bitcoin isn't currently accompanied by its legality is still in doubt to become a legal currency.
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to my knowledge it is very difficult to predict precisely about the price movement of bitcoin, the rise and fall of bitcoin prices is difficult to predict. and so far most of them are always prioritizing on the latest rumors and info to be able to predict bitcoin prices in addition to analysis of bitcoin price movements.
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in my opinion there is nothing difficult to buy bitcoin even though currently the price of bitcoin is high, for me will buy it as long as i have the budget to buy bitcoin, because i believe storing bitcoin is certainly a positive and profitable endeavor
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although it is currently growing altcoin new and has a high value but for me to trust the Ethereum and LTC as the best altcoin I've ever known, and now the price of both is down I think it's a good time to buy it as an investment because I believe the coin has a rogress the good one.
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yes it is time to buy altcoin potentially to rise in the future because almost all altcoin prices dropped dramatically, if you can get a profit in the near future maybe we can sell it if the target profit in support has been reached
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I think not everyone has a negative assumption on bitcoin and not all users use bitcoin for criminal activity. I think biticoin business is not illegal because there is no country that provides criminal sanctions against bitcoin users, and certainly different from drug sellers who tend to be illegal because every country clearly forbids it.
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For me Bitcoin is still a top priority of favorite coins, because Bitcoin has great potential to continue growing and has highest value in cryptocurrency Additionally ETH and ZEN are my favorite altcoin after bitcoin although both are currently dropping drastically but I'm sure by beginning of 2018 the price of ETh and ZEN will increase again.
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Maybe i recently held bitcoin because i bought it 2 months ago when bitcoin price was $ 5200, but right now i have no plans to sell it unless i have an urgent need, because the bitcoin i hold is intended to meet my child's school fees.
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Although the legality of bitcoin in my country is still illegal but the government in my country never forbid the use of bitcoin, even though the government in my country gave a positive response to the legalization of bitcoin but so far still in consideration and only monitor activity of bitcoin users and give direction to be more careful in business in bitcoin.
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The fundamental difference between trade and investment is certainly a factor of time, strategy and action, but both have the same goal in making a profit. Of course in trading there is the possibility to gain profit in a relatively short time and vice versa can lose quickly, while investment requires patience in a relatively long time to hold assets in investment in order to get the benefits in accordance with the planning
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No one knows what's going to happen to bitcoin and so predictable price predictions, but we can only hope to continue rising bitcoin and accompanied by rising prices and popularity,and i think it's quite realistic if bitcoin prices will reach $ 8000 - $ 9,000 by 2018.
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Bitcoin Price Will Have ‘No Difficulty’ Hitting $10,000, After Bitcoin hit $7,000 and stayed above it Monday, the virtual currency’s most famous fans are confident $10,000 will involve little effort. Will the bitcoin price reach $10k by the end of the year, then what about the altco price??
I'm not sure if bitcoin will reach $ 10k by the end of this year, maybe by mid 2018 bitcoin prices will reach that level. and for now almost all altcoin prices have fallen dramatically but it doesn't seem to be long before the end of the year altcoin prices will go up even slowly.
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gold and bitcoin are excellent investment vehicles. we will get many benefits from both. Because by simply holding back the two will be profitable in the future.
Holding gold and bitcoin certainly has an opportunity to earn big profits in the future, as both have excellent progress as long-term investments. With a little patience to hold it in the next 2-3 years time will certainly be able to see the benefits that fit with what is expected of the investment.
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If we buy bitcoin now we certainly have a chance to earn big profits later, because bitcoin price increases will continue to increase in the future, along with the increasing countries that have successfully adopted bitcoin certainly bring good impact for bitcoin progress.
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Is it to late to start know in 2017 to invest in virtual coins and is any advice for "dummies" around here?
Surely it's too late to do business in bitcoin because we know that bitcoin will continue to increase as the number of users continues to grow every time, and of course to learn you can get through google search engine to increase your knowledge in this field.
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Indeed, the current price of altcoin dropped dramatically but of course now is the right time to buy altcoin, good for short-term or long-term investments. and I might buy some altcoin which I think this coin has the potential to continue growing in the future and have an active price movement like ETH and Waves Neo I believe this altcoin will be able to compete in the crypto market for the next few years
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Maybe now I also often check on the trading chart to find out how much potential bitcoin will continue to increase before the end of this year. and it turns out the current price surpassed the forecast to rise to $ 7400, and certainly all hope if the bitcoin progress can continue to increase in the next few years.
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