Majority of people around the world prefers cash than cryptocurrencies because it is more convenient to them. Many of them are not yet internet literate and other lived in a far flung places away from the cities so they are the ones that will be left behind in using modern technologies. The next generations might be the ones that will totally embrace the use of digital money so it will take time before cash will no longer needed.
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South east asian nations had a strict rules when it come to cryptocurrencies, majority of them did allow virtual coins to be use by thier citizens. But some of them like Singapore and the Philippines are fast becoming the newest cryptocurrency hub by allowing some business or fintech to set up their presence in their areas. The Philippines is on its way to be come one of best crypto hub in the years to come.
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I think it may not happen this year because the market have been bearish since bitcoin 's price start to go down last January and this dragged the price of most of the altcoins including ethereum. Ethereum's developers should also continue to update and improve the eth coin to attract more investors, restore their confidence and keep it in second spot, if not, other altcoins might overtake it again. Ethereum is still promising and may take another bullrun if its development continues.
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Bitcoin can still go high in the future but the possibility of hitting a high price of $100k in the next two years is not feasible unless there are big crypto developments that will push the price into that level. The growth of bitcoin became slow since january this year dragging the whole market into a bearish condition. Predictions are reliable and nobody can exactly predict the future of bitcoin.
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Most of them invest in the crypto market because crypto has the potential to grow and therefore they hope to make a profit. There are so many investments but because crypto potential that makes it possible to grow is the reason to make it the main investment.
Agreed. Investing in cryptocurrencies is risky but it would give you more profits than any kind of investments. To minimize the risk, every crypto investor should study the cryptocurrency first and know what are the right coins to buy by making a full research on every coin you want to invest. If you have enough funds for cryptocurrencies, it better to diversify your portfolio by buying any profitable coins. I think more investors are coming for cryptocurrency in the coming because of promising gains in the future.
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If the other states follows this example of florida's tax collector, it will speed up the adoption of bitcoin and other cryptocurrencies in many part of the United States. Once it is successful, other countries would eventually follow the tax collection that uses bitcoin as one of the mode of payment for paying taxes. Some crypto-friendly governments are also looking for some ways for the possible regulation of bitcoin in their countries before accepting it as mode od payment.
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Right now bitcoin price is very low, some investor are investing their money for buying bitcoin. is bitcoin worthy to buy ? right now? Do you agree with this or not ,,,,,,,,,,,,,,,,???
Bitcoin will continue to be a profitable option for investment because it has been proven to recover after sharp drop of prices. The present low price of bitcoin will give an opportunity to many investors to buy the top coin at lower price before it go up again. Some of the investors now might be losing some patience about bitcoin bullrun but this thing will happen in due time.
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Nobody can predict the future of bitcoin so all kinds of predictions for the top coin will bound to fail. But i believe that another bitcoin bullrun will only happen if there is a positive development that will attract investors to pour their money again in the cryptocurrency market. Such a kind development might take time to happen so the anticipated bullrun for this year might not materialize and instead some occasional price upticks would happen.
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As other Asian countries accept crypto, the Philippines has also accepted crypto. I hope many countries instead of banning it accept it because the special bitcoin can help the community.
In order to understand how the bitcoin works, the government should open their mind first and read the whole concept of bitcoin. The Philippine government have already opened their minds for cryptocurrencies and is fast becoming one of the crypto friendly countries in Asia by allowing some fintech companies to put their business in one of the economic zones. The central bank already gave licenses to some crypto exchanges to operate inside the countries.
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I think the growth of the top cryptocurrency will depend on the developments that may happen in the next several years. The bitcoin will continue to experience some sharp drop of prices and some price surges. The bitcoin ETF approval may also boost its price but might not able to reach another all-time high and the third bitcoin halving that will happen in the year 2020 might also have a positive effect on the bitcoin price.
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not too good, it would be better if bitcoin is not stable and continues to rise in price, so a long-term investor like me will get a decent profit
After its last year's all-time high, bitcoin might still go down and continues to be in bearish mood for at least a year or two. Bitcoin recovery is longer than expected because of what happened during its bullrun last december 2017. A lot of big investors overcame by the so called FOMO and they bought bitcoin during its high price. When price of the top coin go down, many investors lost their investment and they never recover until now. So it will take time befire this investors return to the market again.
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The use of bitcoin in the Philippines continuous to go up and more filipinos are becoming of the new currency that is circulating in the internet. Mainstream bitcoin adoption in this southeast asian nation is rising at an exponential rate, thousands of users, workers and Filipinos abroad are starting to utilize bitcoin to settle remittance payments, utility bills and send payments at lower costs through the use of local bitcoin exchanges. The Philippine government are also looking for some ways to expedite the full adoption of bitcoin and other cryptocurrencies in the future.
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The next bitcoin bullrun that will surpass its 2017 all-time high might still happen in the next two years. The recovery might longer than you think but the market experience price spikes from time to time then go down again. Bitcoin need some factors that could help boost its price like the possible approval of ETF but it is now shrouded in uncertainty. The third bitcoin halving that will happen around May 2020 could spark another bullrun with new all time high. It's difficult to know how high will be the next ATH but I'm not relying on prediction.
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After a big uptrend last 2017, bitcoin price go down continuously for almost a year now with only some few upticks or short price risesbefore its downtrend. The bitcoin is seem to be stabilized at $6000 to $7000 range. Bitcoin prices always suffers downturn after peaking, then rebounded, then suffered a long-term collapse shortly. But it will stay this long time bitcoin has its own time for bullrun. Investors' sentiments is one of the reasons why bitcoin price go down.
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For me its impossible. We don't need to use only one global currency. Because we all have its unique and historical currency. And i don't think all countries will agree if we only use one currency.
Same here, it will be difficult to create a unified global currency because of political and economic diversity of the countries in the world. Many nations especially the developing ones will surely object to this idea because their economy will be affected once it implemented. The G20 nations are have been trying to create a global regulations for the cryptocurrencies but until there is still no decision yet on how they imposed it globally.
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I think change can happen at any time, and we should never think that bitcoin will last forever, but someday it will expire by another coin, but for now and for the next few years bitcoin can still survive as the main crypto .
In term of technology and innovation, some newer coins had a better features that bitcoin and they have quicker rate of transaction than the top coin. But bitcoin is more popular in use than them and it is still difficult for the new coins to overtake bitcoin when comes to price and market capitalization. Change is really inevitable in the future but many coins might having hard time in duplicating its success of being the number one coin in the whole cryptocurrency market.
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I wanted to ask this question and now I don't.Because I opened CoinMarketCap right now and found I had missed the best chance to get it. It's getting growing now and at a price of $11,075.80. Rush to buy!
It still lower than the previous weeks and might going down some more before it head for another uptrend before the year end, bitcoin is still a good buy with its present price. If you have funds that you've been set aside for bitcoin, it is better to buy now and hodl it for next year because there's more chance for bullrun than this year. That $20k bullrun last 2017 will not happen again within a year span, it will take time before anther all time high is reached.
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I doubt if bitcoin can replace fiat in the next several years because majority of people still preferred fiat over bitcoin. The dollar will not go into extinction because of bitcoin but it might turn into another digital currency that is still centralized. Bitcoin and digital dollar can coexist in the future and there is no need for them to compete each other and no reason also for the fiat and dollar to bid goodbye.
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If a government is not yet prepared to welcome or allow bitcoin in their country, they will going to ban it or restrict its people from using bitcoin or other cryptocurrencies in their transactions. It will be difficult for the government to monitor the flow of cryptocurrency transactions because of its being a decentralized coin. The only way is to impose regulation on every cryptocurrency exchanges where all transactions mostly happens.
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Positive factors like a fork to improve the features of bitcoin, development like the approval of SEC for bitcoin ETF and the surge of demands from big investors and mass scale adoptions will surely make the price of the bitcoin to rise again. But this factors are still missing and I think it will not happen this year. Bitcoin's price will soar again after a year or more or when its price already reach the bottom.
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