Bitcoin is down for almost a year since its price start to fall last January this year and it keep falling till the bottom is reached. But I believe that bitcoin take time to recover so it's better to put your coins into long term and wait for its recovery. The top coin is now below $4000 and still declining after some price uptick and this might continue till early next year if there is no major developments in the crypto world.
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If you think negative then negative things will be added to you so better to stay positive even the whole crypto market is down because this situation will not last. It will be over if the investors are not buying anymore and the supply and demand for the cryptocurrencies is no longer exist. The era of cryptocurrencies of cryptocurrencies is still on its early stage and there will be more developments to come in the years ahead. What happening now is just a part of accumulation for more future growth but not the end of th cryptocurrencies.
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Some big banks have already invested in some virtual currencies like ripple so it is a big possibility that they would also invest more if there is a regulation for the cryptocurrencies. If a big bank finally invested some large amount of fund in cryptocurrencies, it might act like a whale, they can easily influence or manipulate the market to their favor. This possible scenario might only happen if government creates a crypto regulation to accomodate the banking industry.
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I agree with opinion, i think when it comes to bank, you are only a money provider, not an investor, then they lend your money to earn profits for themselves. I believe that the cryptocurrency market will bounce back again the future so there is no reason to worry about its present situation because it is only temporary. Hodl is still the best strategy during bearish market and this is also the right time to buy more coins while they are in lower prices.
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Governments can't regulate some cryptocurrencies that are decentralized except ripple and other coins with centralized structure. Only those with centralized structures can be regulated by the government like centralized cryptocurrency exchanges. Regulation is good for those who want to protect the cryptocurrencies from scams, money laundering and other illegal activities but not on restricting people from buying and selling cryptocurrencies.
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I believe no one can predict exactly what will be the price of bitcoin in the future and even the so called experts in cryptocurrencies. There are already failed predictions in the past and still there are lot of them trying to predict the future of the coins. Cryptocurrencies are highly volatile but their prices can be manipulated so I think the only people that will know the future prices of the coins are the manipulators themselves.
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ICOs are still good for investment but you have to make a research first to find the right one. The present bear market affected many cryptocurrencies including the ICOs so the investments slow down temporarily. Bitcoin will remain to be the top coin in the years to come in term of market capitalization but there is also a possibility that another coin will make it to the top in the future. Bitcoin, even after a sharp drop on its price, is still have the largest market capitalization.
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That's only a possibilty but I doubt if the price of bitcoin will go down that level. Many big investors like the whales might want the price to go down more so they can buy the coins in a lower price. But it will not likeky go down to $1500 unless there is a negative development in the coming days that would severely affect the price of bitcoin. But cheaper price of bitcoin could become attractive to many investors and this would trigger the start of buying.
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No one know what will happen in the future so all the so called coming economic crash on 2019 and so on are just predictions like te possible overheating of an economy or the trade war between US and China. The impact of economic crash on bitcoin and other cryptocurrencies are not yet sure but I think it will depend on when the downtrend happen and how close cryptocurrency is to ubiversal utilization.
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The use of bitcoin in Japan is already legalized and the companies are now free to use it in any kinds of payment. But what I know about paying salary in bitcoin in that country is only optional and the employees can recieve salaries in bitcoin if they only wanted to. Japan is always the leader when it comes to bitcoin adoption in this part of Asia and just recently it grants self-regulatory status to its cryptocurrency industry. I hope the other countries including mine will follow the steps taken by Japan someday.
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The present bearish situation of the market is only temporary so there is nothing to be afraid of. Bitcoin's history proved that it can recover even from the sharp price declines so I believe it can bounce back again not necessarily this year but on its own time. The demand for bitcoin is still strong but some investors might waiting for the price to go down more before they to start to buy and some are dumping to make it happen.
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I use the cryptocurrency mostly on investment or trading and I spend the rest on buying some important things that I needed for my online works. There are only several available offline shops that accept bitcoin and most of them are online. Cryptocurrencies, even if they are risky, are useful to me, and I usually use bitcoin and ethereum for trading and hodling for long term investment. Crypto adoption in my country is still slow and thereare few stores that accept cryptocurrencies as a mode of payment.
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Wealthy nations are already using digital money in their transactions and their banking services are now fully digital. Their currencies have been in use digitally and the use of paper money is been limited. Cryptocurrencies like bitcoin can also help in making the world fully digital by adopting it and legalizing the use of it. Many are still not aware of the existence of cryptocurrencies and they are prefer fiat for their daily transactions. In cashless society, digitalized fiat and cryptocurrencies can still coexist to give the people a choice they want.
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The bitcoin and ethereum are now cheaper than the previous weeks and it may be time to add more bitcoins in our wallet. There are some considered reasons why the market is still bearish, the price of the bitcoin dropped sharply because of the recent bitcoincash fork. It think some groups are also manipulating the price of bitcoin to go down more then start buying again. This latest bitcoin price drop also dragged many altcoins price to go down also except for ripple.
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The government have yet to legalize cryptocurrencies in ny country but they already gave licenses to several bitcoin exchangers and allowed fintech companies to set up their businesses in one of the economic zones. There is also a report that the central bank plans to regulate the exchanges in the future. But the government did not restrict its citizens from using cryptocurrencies in their transactions even it is not legalized yet.
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Ripple can be use for both long term and short term investments. Some traders are investing in short term because they want quick profits but ripple can be more profitable if you choose long term it has the potential to grow high in the future. With its recent price uptrend, ripple had already surpassed thereum in market capitalization and it is now the #2 coin in the coinmarketcap. Ethereum may regain its former rank in the future but ripple have already proved it worth as one of the promising coin for investment.
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Ethereum can still bounce back but it will take time because of its recent fall which is now below $200. With its downfall, there is a high chance of a persistent bearish zone before it go back to recovery. The updating of present ethereum to ethereum 2.0 might help in boosting its in the future. Ethereum 2.0 or called Serenity, is a series of updates to make it faster and better and it is already in the work, according to vitalik buterin, its founder.
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The trend is still the same for the crypto market, the drop in the price of bitcoin recently prolonged the bearish situation. It is now uncertain if the bulls are still coming before the year end. The market might recover next year so I'll continue to hold more and buy some additional coins that have the big chance to go up on the coming 2019.
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No doubt that 2018 is a year of the bear because the whole crypto market is mostly bearish since bitcoin start to fall last January. A bullrun is still possible before year end but it still depend on some factors that may happen in the coming days. That bitcoin cash fork has already made a toll on bitcoin's price but it can still recover some of its losses before this month end. Bitcoin is known to be resilient so there is still a chance of recovery before holidays start in december.
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After 10 years, the bitcoin is still on top and overcame all kinds of price drops, adversities and other challenges that almost unnerved even the avid followers of the coin. The popular cryptocurrency will continue to be on top in the years to come because its demand is continue to go up despite price crashes and FUDs. Bitcoin's best is yet to come and there are more bitcoin surprises that going to unfold in the next ten years.
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