There ought not to be any comparison between bitcoin and Ethereum because its various functions differs - in terms of concept, platform and others. Each, function in their own unique way to which they were designed. So, the level of importance of one cannot be used to judge the other.
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The facts that affect the rise and fall of bitcoin differs. But let me quickly highlight some; you have market manipulation; demand and supply; technological changes and innovations, amongst many others. It would also interest you to know that the same factor(s) that affects the currency positively, could also, in some cases affect it negatively, when the reverse is the case, which in turn could lead to the fall of the currency.
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The reason is that, in times past, people seldom believe in the the currency, as they could not phantom whether the currency will come to limelight. But seeing its potentials and growth in recent times, has actually brought about a change in mindset as regards to the same currency, which as a result have made people embrace the currency and invest in it.
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It depends on my correct position on the market. If it happens that I'm in a buy position already when it begins to drop, i will exit the trade and accept either my loss or profit and also analyze the coin to know when to have a good entry.
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Does it make any sense to buy Bitcoin now? Isn't the price too high? Will it ever offer 30 000% returns?
It is always better to buy bitcoins because the price of bitcoin will keep increasing forever.So it make sense if we buy bitcoin now. The price of bitcoin is too high now but in few year the price of bitcoin may reach $1M so when compared both price currenct price is too cheap. Maybe it will give 30000% if your investment in long term like more than 10 years. Forever means eternity and so, It cannot be said that the price of bitcoin will keep increasing forever. It sure will increase as a result of the constant growth in price and awareness gained. It is neither early nor too late to buy bitcoin now, if you choose to.
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Considering the fact that the acceptance regarding this currency is not fully there, and at the same time, has a steady and rapid movement, it should sure get to a level where the currency will be too big to fail, which at that time, will come to its full limelight.
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Being that bitcoin is in a bullish direction, and considering the saying that the trend is your friend, it is a period to keep buying - which is for long term traders. But for short time traders, one can either buy or sell, depending on the analysis made and the movement of the market on a short time frame.
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It all depends on the ability of the individual. For some that do know how to post, they engage in signature campaigns while for some risk takers, engage in trading; some even do both. Distinguishing the two, i would say that trading is a market that is always there for one to enter, provided you have a valid account to trade with on any platform of your choice, but in the case of signature campaign, you need a campaign to be available first, after which, need to be selected by the campaign manager before you can be hired and paid. I would go for signature campaign because it doesn't involve risk.
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We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.
Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?
Regarding the above subject topic, there is no certainty based on the future of bitcoin 20 years from now. It is a maybe, could be or would be situation. But considering the pace the currency is moving and considering the innovation and concept behind the cryptocurrency, is something to actually reckon with and as a result, i believe that in 20 years from now, bitcoin would have been accepted and used globally.
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Bitcoin now drop for a while should I sell this or hold what should I do? I have huge btc in my wallet. Please share your opinion about this.
Considering the fact that you have huge Btc in your wallet, you can actually sell, now that the price seem to be going down. But you don't have to sell all, just part of it, then hold the rest for long term's sack. Though, the price might be going down now, doesn't mean it would not still go back up.
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Payments have been sent to those who qualified. Rates are changing for this campaign. There will no longer bew a btc payout, only truckcoin. I will post the new rate and sheets in a few hours.
Payment received sir... patiently waiting for your update on the campaign.
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No doubt that social media has a major impact/influence in the growth of bitcoin, through awareness created by individuals, most especially through twitter, Facebook, and telegram campaigns. It has actually helped publicize bitcoin, which as a result has made individuals aware about the cryptocurrency to the extent of investing in it, as a result, leading to the growth of the currency.
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Day trading in bitcoin, is quite profitable, but though risky because of the massive increase and decrease in price; one cannot really ascertain when it would either go up or come down. But embarking on a proper technical analysis, might be of help - to aid you know when to either buy or sell. But since the movement of bitcoin, is an upward trend, it is advisable to know when to enter a buy position.
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Hey guys. I was asking my self "Should I buy Bitcoin now? What if it's gonna go down after I buy?". What do you think? Should I buy or wait?
You would never know if you do not enter. It is just a risk that you should take. To me, Bitcoin is in its preliminary stage, reason being that it just started gaining recognition, of which has not been accepted globally. Imagine if its value is what it is now that it has not really gained acceptance, how much more when it does. I will definitely buy bitcoin if i could, and would advice you likewise.
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Social media, have played a major role in creating awareness for bitcoin and other alts as well. It has actually given people more insight about the currency - through posts on Facebook, twitter, telegram and others. Which as a result have increased the numbers of investors.
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The awareness of bitcoin have actually made its value appreciate overtime causing investors and individuals to invest immensely. Aside from profitability, the reason i would choose to invest in bitcoin rather than stocks/shares is liquidity - the ability to make profit within a short time frame.
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An asset is any property or object of value that one possesses, usually considered as applicable to the payment of one's debts, while currency on the other hand, is money or other items used to facilitate transactions. Going by these two definitions, the difference can be seen, as to how bitcoin fits, in the context of these definitions. Bitcoin, is been tagged as a digital currency and should be seen as such.
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