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When there is no law that bans bitcoin in your country, then you can sell your bitcoin even if there is no law that legalizes it. But if you use your bitcoin for illegal purposes, then that is against the law. What government can do for bitcoin or any other cryptocurrency is to regulate transactions and give permit to exchanges to make their operation legal.
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yeah, bitcoin is usually unstable. need smth with usual price, that is not bouncing up and down, and good transaction fee and time of approval  No doubt cash has more advantages when it comes to choosing a kind of currency that will be use in any kind of transaction. Bitcoin and other cryptocurrency are virtual money that can be use as alternative funds for investments, trading, transactions and others. Bitcoin is now more valuable than gold and it is convertible to highly favored cash, in short, bitcoin provides you cash. |
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the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?
The demand for bitcoin is still upward making the price of the bitcoin to gain more. Some online news reported that people in South Korea are investing more in bitcon than in stocks causing their crypto exchanges particularly Bithumb to experience a huge increase in their virtual currency transactions. Such huge demands makes the bitcoin price soars and reaching some levels that never imagine before. |
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By having bitcoins which uses virtual wallet is one of the changes that caused by the bitcoin. Instead of fiat which I can uses to carry, I'm using an invisible virtual currency that can only seen in the internet through series of numbers and letters that appears in my virtual wallet. Virtual currency might rule the world of currency and finance several years from now and that one of the biggest changes that will happen.
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Bitcoin is not designed to ruin any country or its economy even if it's accepted as one of its currency. It is the people that who runs a nation has the real capability of ruining it. Corrupt politicians and greedy businessmen are the ones that can ruin a country not the harmless virtual currencies. The blockchain that made up the bitcoin is designed to benefits every country when is it is properly use.
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It may depends on what every people believe but some recent hardforks had no effects on bitcoin price because it continue to soar reaching many unprecedented all time high. Some people believes that hardforks is an opportunity to prove bitcoin and others view it as a threat. If every hardfork makes bitcoin price soar, it will eventually become the norm and bitcoin holders will ignore it.
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Bitcoin has it own protection but when it comes to buying and owning, the holder or consumer is always at risk. The bitcoin holder must ensure that his/her bitcoin is well-protected from any hacking. Some governments are also taking steps to provide consumer protection by creating some regulations.
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Aside from being a decentralized coin, another attractive concept for bitcoin is it ability to recover after some big crash and resume its price surges which always leads to another high. This almost daily surges attracted many investors around the world and the demand for bitcoin rose tremendously.
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Litecoin's recent sharp rise in price shows that many investors is getting involved because of FOMO. Some investors might also taking diversification by investing in other coins that have the potential of long term growth. Many altcoins. Demands for litecoin may spark some more rally for litecoin before it heads for correction. So enjoy while it last.
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Some fears for the bitcoin are baseless, others may true but it will not harm the economy or any governments because it is just a virtual currency that serves as an alternative money. Some government fears are real especially when it comes to controlling the bitcoin because it is decentralized and later will replaced the fiat.
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I don't think so, altcoins has their own supporters and market to depend on. Some price of the altcoins are also on uptrend even there is a non-stop price surges of bitcoin. Stable altcoins will going to survive even if bitcoin is surging and there is always a time for them to rise up after a prolonged dip.
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How to start a trade with small amount?
I am not a millionaire.I have jaust some money.I want to trade with my small amount.can I do this?Then how?
Before you go on trading, be sure that you have enough knowledge and skills to be to make a trade. you can still a profit if you how to trade effectively. Beginners are often advised to put some amount of money first while they are still learning the trade. If you are already an experienced trader, you can easily double or triple that small amount of money because you already know when to buy or sell. |
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HODL bitcoin? why and why not?
When you are looking for long term investment, bitcoin will be a good pick and hodling it for just several weeks or a month will still result in some profits because of its daily upsurge of prices. The outcome of bitcoin future first day of trading proved that bitcoin continue will to go up as demand for bitcoin rise up more. |
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According to different Statistics the Future of this virtual currency is so much brighter than others currency and people will find very easy to deal with every thing through bitcoin. some Reasons are really very fruitful for economical development such as
1.In future buying bitcoin is more easier than past condition ad people can complete so many task very easily.
2.most of company use bitcoin as a local currency that helps to regulate bitcoin like regular currency and more company will interest for using this currency(bitcoin)
3.international client are more visible if this currency will use globally.
4.in future if government use the protocol then cyrpto-currency will protected and people feel safe for using this currency.
What is seem to certain is the price of the bitcoin will continue to seek a new level and demands will further up as many new investors is flocking to the bitcoin. Many blockchain based companies will also created and cryptocurrencies will be use by many as alternative source of funds. The prospect for any government for future use of cryptocurrency is still dim and may regulate it insteads of adopting it. |
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Bitcoin price aren't cheap anymore but I still buy some satoshis if funds are available. Bitcoin are good for long term investment so I keep on holding it while I check the daily price movements to monitor any changes or possible price crash. Some price corrections are expected to happen and it will be the opportunity to buy while the price is a little bit cheaper.
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Having a job that support you is better than none at all. Don't try to rely on bitcoin as a main source of income especially when you are still starting to use it because it is unstable source of income. Be sure to have stable job before you investing on a highly volatile bitcoin or any cryptocurrencies.
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If you are still a beginner or still learning how to trade, its ok to start trading with small amount that you can afford to lose. If you are going to trade with some bigger amount, be sure that you already know how to trade to minimize your lose. Trading with volatile cryptocurrency is always risky and losses is hard to avoid.
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Bitcoin price surge in recent week seems made it possible to reach the $20k to $25k before the year end. There is also an outrageous forecast of Saxo bank that bitcoin price will climb to $60k before crashing down to $1000 in 2018. Before the year end, more forecasts are coming. The outcome of bitcoin futures may tell if the price of the bitcoin will accelerate more in the next few days.
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Altcoins have their time to recover and not dying. Many of them are good for long term investment like ethereum, ripple, IOTA and litecoin. It is good to buy some of them now as they still cheap compared to bitcoin skyhigh price.
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Bitcoin price continues to go higher and higher almost everyday and that maybe one of the reason why bitcoin is still famous. Being decentralized currency, it also a borderless currency where you can make transaction freely and without interruption from a third party. bitcoin will continue to lead every cryptocurrency to a new height as it as the trading of bitcoin futures start.
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