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This is a great news I am glad for the crypto lovers of Philippines. I wish the same thing happens here in INDIA our situation is not at all good. From today the banks are gonna disable the accounts attached with crypto. hoping for some relief soon.
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Hi,
Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc...
How your country gonna survive if you only use Bitcoin in a daily basis? I mean a country cannot survive if individuals doesn't pay taxes,well with Bitcoin you don't pay any tax right?
How this gonna be possible? Please shed for me some light on this.
Thanks
This is not feasible and probably not gonna happen anytime soon. The fiat currency will always be there and will always have its own value and uses. And we should also not expect such things too |
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 According to observation, I think we are at the bottom and now and there are high chances that the price of Bitcoin might go upwards in a few weeks. The last time Bitcoin cam this down, the next few days BTC went upwards quickly. So I believe that the price might soon cross $7500 in a few weeks. We should hold our coins tight in this critical time because sooner or later the correction will end we will see a spike soon. Your chart seems to be playing well as we have seen decent growth in the bitcoin prices from last couple of days. It seems to be going towarda its resistance of 7000$ it would be interesting to see if it can break that resistance. |
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I have lost Hugh amount of bitcoin, and I believe some person's here too have gone through same. Can we please share our experience and lessons.
There are many who have lost in the initial stages of their trading or some have lost in the ponzi schemes. I am one of those who lost in ponzi schemes literaaly everything i had. But somehow i mamged to pull back and recoveres my losses and earned even profit. |
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I recovered from my bitcoin loss over the time by taking small steps at a time. It took me over 10 months to recover the amount and be in profit. The losses I incurred were not from trading but from investing in Ponzi schemes. Trading altcoins helped me recover my losses. I traded for mid to long-term basis and not day trading and I think that was the key which helped me.
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I don't think we will dip that lower as we saw a decent bounce from 5700-5800 range to above 6000 twice. I think that was the bottom. No one can predict for sure but for me, it seems to be the bottom. We should now ladder up to 7000 to confirm a sign of a bull run. |
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thanks for the detailed explanation I was not aware of the other hardware wallets than trezor and ledger nano. I think it's better to spend some money on these wallets to save our money from hackers its totally worth it.
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Is anyone concerned with this drop in bitcoin? I've only just jumped on the bandwagon and i've lost 10%-30% of my value already. I'm new to the market and enjoyed a good bit of stability and upward graphs for a little bit, so I thought it was mostly positive. Is this jump down a typical trend that results in pushing for highs again? or do you reckon it can be backlash of people shying away coming nearer August 1st?
I'm unsure if to try cash the coins to another altcoin or something to try gain some more value back or just hold for a while.
You need to be very patient when investing in bitcoin. Bitcoin should be a long term investment ranging in years. But if you want some fast results which can result either way then you can put your money in altcoins of your choice. |
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Over some months now BTC has seen so much decrease in its price and nonetheless its still the greatest coin of all time. I have seen people selling in escrow markets with high amounts of btc and I see them as people who are selling because they fear btc will drop down to the dip. As for me I always say that I will take advantage of this time by buying as much as I can and laugh later. I think this is the right time to for us to buy. What do you think guys? Any contribution is also accepted.
Agree with you BTC is coming very near to its bottom and we should jump off from here anytime now so it is definitely a good time to buy for long term. the people who don,t buy now will regret and wish the price of bitcoin comes to this level again and that may not happen again. |
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The only help which you can get is by doing self analysis and see how productive it is for you to gamble. If you are getting close to nothing or losing money then make up your mind and dont gamble for few weeks. And to control the urge do some other stuff in my case i started focusing on learning technical analysis and started trading. And it worked for me now i hardly feel the urge to gamble.
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You can say what you like but markets go down when there is no confidence!
If it crashes big time the media will make cryptos look worse than they already have!
Such is life!
Agree with you and that is what has been happening but I think the reversal will soon happen and the confidence will be back too. I saw the news about Facebook removing cryptoads ban this could be a great news to give some boost to the market. |
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Yes market has been bearish from last 6 months and it will regain its momentum soon. Aa we have seen in the past it is just a matter of time. The people waiting for more dip or selling at this level are gonna get burned for sure.
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Agree with the OP we must keep belief in ourself and remember why we entered into this market. We should focus on long term goals/targets and should not be panic in the downtrend situations like now.
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Governments are not going to listen or care about our profit they will imply the tax which will generate more revenue for them. Over here in my country i think govt will put cryptocurrencies in capital gains section. Either way i just want it to be taxable as soon as possible so that these rumour games of crypto ban ends.
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for me its an opportunity to buy more as we cannot call the bottom but bitcoin going below 6000$ is pretty critical and we were supposed to bounce back hard from there and that is what we saw with that big green candle takings us back to 6200$ though I am not yet sure about the reversal yet, bitcoin must reach the 7100$ resistance and stay there for some time then only we can confirm market reversal.
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Not recommending the under 0.5$ coin. But you can surely bag some binance(bnb) coin and Huobi token too. They are the coins which are not effected even during the bear market and they are gonna prosper well with the exchange so its a win win situation.
And also binance does coin burn too which helps price get the momentum.
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There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
Stopping the ICO's is not an option as with scam projects there are some great projects coming up too so we can't just put no entry board to ICO's. The investors should take care of their money and do due diligence before investing their money. |
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Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.
having a strategy is really important. you should have a proper strategy for entering and exiting the market at the right time and then reentering at the optimum level which you deem fit. I also made some mistakes initially but I learned from them and did not put more money because of greed to recover earlier losses when the market was green. I played along with remaining funds. so you should also asses the situation and only put that much which you can afford to lose. |
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The current situation does not seems good at all so anything you can say got to be believed by the people as the price of bitcoin is really tumbling a lot. We are at 5900 now jeez i was not expecting that. And even at this price there is no crazy buy order it seems no one wants bitcoin anymore.
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