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Many countries permitted their people to use bitcoin as one of their alternative mode of payment even though it is not legal yet or they do not make the usage of bitcoin itself illegal. Some of these are countries are planning to make a law that will tax and regulate bitcoin exchanges and usage by its people. If these happen, we can say that bitcoin is fully legalized.
Some possible changes like more tax, increased scrutiny by tax authorities of every bitcoin transactions, increase in bitcoin demands, cashless payments will grow tremendously and the possibility that online scammers will use the opportunity to scam more people.
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Hey guys do you think that Bitcoin price will continue decreasing ?  The price of the bitcoin will not go down continuously, it is normal for any cryptocurrency to have a dip or correction but it will bounce back or recovers to higher price. There are many negative factors that affects bitcoin price like the fears of trading bans in some countries but these are only temporary setbacks. The first quarter of the year is also usually a bearish quarter where prices of many cryptocurrencies suffers correction many times. |
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Many newbies or those who are still new to cryptocurrency investment or trading will be the ones that readily reacts when a coin suffer a massive corrections and later succumb to panic selling. They are not well-informed on what to do with their coins when the price are falling down. Hodling a coin for long a time is been used by many traders and holders who wants to profit in long term investments. When you are planning to hodl your bitcoins, you need to remain calm during the sell-off panics and set your mind in the future.
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I always read the whitepaper before investing in to any ICO or buying some new coin to acquire some vital informations on their team, plans and vision for the coin they are offering. Reading white papers is important because it can act as a signal to inform whether a startup is legit or not. But there is also a possibility that a scam company can hire an expert copy writer to make a legitimate-looking whitepaper.
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I have also plan to cash out some portion of my bitcoin only when I already reached my goal. The bitcoin is yet to reach its best price since December last year so I'll continue to hodl it and wait for another bullrun. The other plan for my future cash out is to find another investment instead of buying a house or a car. Reinvestment is my top priority because it will make you financially secure in the future.
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Warren Buffet is one of the world's most successful investors once said that buy and hold is one of the best strategy to make profit on the long term. Mr. Buffet's strategy of buy and hold is proven successful in his own investments in the stock market. In crypto trading, this strategy have already worked in many investors who brought their coins when the price is still cheap. In order to become successful in hodling a coin for long term, it's better to select a coin with a potential to grow and buy it during the dip.
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It will not last long as many investors are already poise to buy because of cheaper coins in the market today. Bitcoin will likely rebound in the next few days barring some unexpected events that may bring back its price to another low. As of this moment, almost all cryptocurrencies in the coinmarketcap are in green indicating that market is again in a positive territory.
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Bitcoin is created with accompanying volatility so expect it to be volatile throughout of its virtual existence and it has only two price cycle- rise and fall. An uptrend is always followed by correction so all you have to do is wait for bitcoin price to go up again and then take profits. The time for waiting may be differ depending on a situation like prolonged government crackdowns and persistent FUDs that affects bitcoin rise. If you believe in hodl then try it because hodl is still one of the best strategies if you want to take profit in the future.
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When there is law in your country requiring you to pay tax in every bitcoin transaction then you must follow it and be a law abiding citizen. Authorities especially in US has a technology that can track and report bitcoin transactions. Bitcoin is said to have a permanent searchable record of transactions that can be use by the tax authorities to track someone who avoid paying his/her taxes.
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Not only those ordinary bitcoin believers are becoming a cryptocurrency prophet, even some those well known cryptocurrency dignitaries and international bigwigs are also predicting that bitcoin price will reach $25k or $50k toward the end of this year. Many of them are trying to predict future bitcoin price but no one know exactly what will happen in the days ahead.
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It's better to study the coin you are planning to buy and its price history. The price might go lower than you expected. many cryptocurrencies may still poised to go lower in the coming days because of the recent events that might affect them. It difficult to know if that price has really hit the bottom so you have to make a research first if that particularly coin is really worth buying.
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If that ICO is worth supporting and has a credible team after a thorough research then go and buy their tokens. In the history of cryptocurrency, there are very few ICO that netted a better price than one could have buy in the crypto market. The price of the tokens mostly go down after the ICO. Some investors skipped the ICO and instead wait for some weeks to buy it in the exchange market.
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So I thoght this could be of help for some that also in search so they will also be inspired .. maybe they could also ad stuff arround here that could be of help! Research it takes a few days/weeks so if u're in this fase take your time. 1.Forum search about the coin; 2.Join the telegram group and try to interact with the members; 3.Try to make a post on the forum and also see the crowd sentiment; 4.See some data on coinmarketcap.com , : https://icodrops.com/ , https://icorating.com/ 5.Watch this tool from investing.com - find here the explination: https://bitcointalk.org/index.php?topic=2873063.msg29503403#msg29503403**LATER EDIT: 6. Team - research moust of the members on linkedin and google , also the backers or advisors. Doing this can be of help to get a sense of a really good buy... at least this is what I do. What are your thoughts ? How do you do it?? Cheers! This is should be a great help to the present and would be buyer/investor of any altcoin to prevent them from being scammed later. Researching the coin by its current price, market volume and the exchanges where the coin is listed will also help in your decision to buy. You should avoid buying a coin when nobody is talking about it because good project get a lot of discussions not only in the forum but in many online groups. |
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Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
you must follow good security practices to make your bitcoin secure from any kind hacker or bitcoin related thefts. Those holders who lost their bitcoins is a result of not following the standard procedures in securing it. Improper security and negligence on the part of the holder or exchanger should always be avoided when storing bitcoin especially for long term hold. On the part of the bitcoin network and its currency, it is to be said already proven secure, functional and efficient. The bitcoin holder, on his/her part, should protect its fund by following a good security practices. |
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Bitcoin price is a roller coaster the start of the year 2018. It goes up at first and stays then go down and stay and go up a bit then drop more so low and rapidly. Will it go up again in a loop then down and up again? We really don’t know what will happen like we really don’t know what the reason of the huge drop is. Is it the news? The bad news that affect the mind of investors or is it really manipulated? But why other altcoins price also dropped? We really don’t know right? We just depending on big investors decisions. Their decisions will affect the bitcoin price also. But what do you think can affect those peoples mind in invested and selling their bitcoin? For sure the bad news and the good news they heard. The tweets of some influential people also affect them. That’s only my opinion. There is this news I read on some source: https://cointelegraph.com/news/cnbcs-ran-neuner-says-bitcoin-will-end-2018-at-50000, it says that CNBC’s Ran Neuner stated that Bitcoin price will end in 2018 at $50,000. Ran Neuner for sure is an influential person because CNBC is a big name in the world and he the host. And in addition to that other (28) twenty eight most influential blockchain insider according to Richtopia, Tweeted that Bitcoin price will be $50,000 in 2018. I don’t know if it will affect the price of Bitcoin or other crypto currency because as I check the CMC / Coinmarketcap.com list still on red percentage. I will just wait for next week update. Maybe this news will affect it soon. What do you think? The threat of regulation around the world and China's banning on cryptocurrency exchanges will make it difficult for the bitcoin to achieve that amount even in the last month of this year. It's still depend on number of positive unforeseen events that might push the virtual currency in achieving that goal of $50k in the coming months of 2018. The greatest obstacle of bitcoin uptrend must be overcome first to make that possible and people who supported and invested n bitcoin should ignore any kinds of FUD that comes from polluted sources. |
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Cryptocurrencies like bitcoin are called the disruptive economic innovations that has the potential to change the current economic structure. It can also change how the banks and financial institutions operates in the near future. The bitcoin transactions, for example, has created the possibility of big transformation in the banking industry around the world.
Bitcoin has also open the gate for a new kind of market where government have no control unlike the present fiat market. Some illegal activities like money laundering will be hard to detect if they use bitcoin to get the money out of the country. The use of bitcoin will surely affect the economy in the long run and some government are now taking steps on finding a solution to these problems.
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With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.
Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations
Last year, there are already predictions coming from the media and some bitcoin analysts that bitcoin might plummet to $5000 level this year and then rise again to $20k. Others refuted that forecasts and might drop to only $8k. One thng is sure for me. bitcoin will always undergo a correction because it is part of the cryptocurrency behavior because of their volatility. Imposing regulations, aside from sweeping ban, is one of the effective weapons of every government to control the proliferations of cryptocurrencies in their country. In the past, people power are launched to regain freedom in their country, i doubt if they can do the same to cryptocurrencies to counter any abusive regulations and manipulations around the world. |
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If you are addicted to trading, try to find a way out in that situation. You should face the reality and take action instead of going deeper into that condition. If you need help then go out and seek out support from relatives and friends.
But if you are trading sensibly and prudently, that still fine but make sure to monitor your activities and always keep things under control. Don' take trading seriously and always have a time for yourself.
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Holding a coin during the dip is still the best strategy especially if all the coins you bought are potential to grow in the long term. Dip or correction is just a part of every crypto or token because of their volatility, and it will followed by uptrend later. Always choose the qualified coin if you want to put it in long term hodl and not the pump and dump type of coin or the so called shitcoins. What I do during the dip is to buy some more potential coins because of their cheaper prices.
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