The definition of a bubble, it when the value gets so high, it will be worthless in a short period of time, in this case experts might give another definition for a bubble, in which they mostly do, when they do not understand a thing. Bitcoin is not a bubble, because it started out as a currency then it had increased in value turning it into an asset. They will need more time to study bitcoin and it's economics, it is something new to them and must be further researched, they could not just go on saying it is a bubble, since it is not a company like those in the dotcom boom.
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Bitcoin is the first crypto currency to be valued more than gold and become dominant among all crypto currency, Bitcoin is also innovative, wherein people can use currency without paying taxes and a third party, it also allows people to do transactions anonymously. From what I see there is not much special in Bitcoin but Bitcoin did it first.
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Volatility is still there, every investments has their own volatility though it may be conservative one or not, volatility is still there, I don't see why would there be an end in the volatility of cryptocurrencies. We should not just listen to people saying that the price is not moving, we should see it first hand, if we really wanted to succeed in investing.
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I can see that the price can breach at 9000 USD, before the end of the year but it won't probably go to 10000 usd, though there is another fork coming in this December, there will always be a correction afterwards, and the price of Bitcoin as of now, hasn't even reach 8800 usd yet. If the price will go over 9000 usd during the holidays, we might see by the end of the year the price ranging from 8600 to 9000 USD.
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I suggest you think more than twice before investing your savings, there is a reason it is called life savings, you save them to save your life, it is used in times of emergency, in times of need if you do not have it as a back up, you can never have a fulfilling investment, you will always be weary. When it come to investments, make sure what you use are the extra cash that you have, since Bitcoin is volatile, once the price drops and you need cash, it will be an entire loss for you, make an educated decision first before you go to any investments, since everything is always risky, even saving.
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If this is correct, there should be facts that are backing it up. We all wanted to see Bitcoin to rise, but Bitcoin going 10000 USD, I think is wishing for everyone else to buy Bitcoin on that day, though as employees we may receive bonuses, it doesn't mean to say we are going to invest in Bitcoin. The price of Bitcoin will rise to 10000 USD, but I think not on the holidays, we might even see a slight dip, since people are going to take profit and that is one of the goals of investment, that is to enjoy it.
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One of my goal is to make at least one bitcoin by next, gather more promising altcoins and keeping my goals smart. If we plan to have more than one bitcoin by next year, it is not impossible but it is hard, just make sure whenever we make goals we follow a simple plan, smart, simple measurable attanable realistic and time-bounded in that way, we could see where we are at oug progress.
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Well bitcoin is already an investment from the beginning, if you would like use it as currency, you can do trading with altcoins, just make sure you have enough knowledge or you could just keep it in your wallet and wait for an airdrop for you to have something to trade if you don't want to use your bitcoin. There are a lot of sites.wherein you can exchange you bitcoins to altcoins in order to see growth and have more vehicles for investments.
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Theoretically you are correct, if you consider the high volatility of bitcoin it can drop that low, but in reality you not. This is overthinking or over analyzing things, though bitcoin has a high volatility, a lot of investors had already minimized their risks and people will not let their investments to go that low, probably you might have just thought that because of the volatility it can go down that much, but you failed to consider reality vs theory, and the reality is, bitcoin will just have corrections but will not crash.
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Even if the price went over 10000 USD, there will always be a correction in the market, we might see a little dip, but it is healthy since it is a volatile investment, it is just normal, since we cannot tell when will the price will be at 10000 USD, there might be a hype on that time or a nice bull run, and after that, once people see a high percentage of gain, people will always do profit taking. We should not be worry about a correction in the market, it will only give us time to plan further ahead.
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This is a misconception that bitcoin is easy money, bitcoin is not easy momey it still needs strategy, if you would like to earn easy money, there should be no investment at all, you should now be working hard, there should be no effort comig from you. Though we see a capital gain if we buy at a low price, there is still a strategy that needs to be done, to you still need to make a plan in order for you to have more profits, there are a lot of ways on how to earn bitcoin as well, we should take advantage of it, since we are in this forum, the knowledge is there. Even if you are mining, there is still bills to pay, like electricity and maintenance of the unit.
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Bitcoins are already used in online casinos, considering that it is much easier to make transactions than using a card online, however i still haven't heard of any casino accepting bitcoins for chips, they still wanted fiat, though there are some vip games, wherein in the players don't use chips, rather they pay bitcoin, which is safer for them and the looser still covers the transaction fee, those games that i saw were for high rollers, that i think casinos makes an exception.
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It is just another FUD, i had also checked on the article, it seems that they just want attention, i think this time, history is jusy repeating itself, this just like what had happened back in august, but this time there is no china, only some people who wants to lower the price of bitcoin then buy it at a low price, this seems to be what they are doing, but as far as the market goes, it doesn't seem to be affected one bit.
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This is just a normal thing to all great investments, people will say anything negative just to scare people in order for them to get the trust of people and say that what they are offering is the best thing that they could possibly have. You can see from the bankers, they do not agree of the idea of decentralized currency, simply because it will destroy them, people might turn away from Fiat, which is what they have and then in turn, they will have no livelihood, however for investors, it is dependent on the generation they are in, there are only few baby boomers who trust in Bitcoin, because it is a new thing and they gained profit from the stock market, however for the Gen x and millennials, they have a different experience, since they have been born, when the stock is already high, they cannot say the same, but if they invested on Bitcoin way back 2009, the story will be different.
With all the negativity around we just need to focus on what we are doing, let's simply put it this way, they have their own business we have ours, it is much better to mind our business than others.
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Personally i find this very risky, though it is hard but not possible, i think you should start first at at small goal, there is no one that will know the outcome of the market even if you so technical, the probability of turning your .03 to 3 bitcoins is slim, the altcoin market is much mor volatile than bitcoin, since there are a lot of altcoins you need to choose, try creating a plan first and doing it smart, Simple Measurable Attainable Realistic Timebounded, if you do not consider the steps in making a plan, you are bound to fail, keep in mind, investing is hard already and trading is much harder, still it is up you on what you want to do with your bitcoin.
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I think is still in the process, though there are already convenient stores that operates with computers and.you pay via debit or credit, i think its only a matter time that we see automated convenient stores accepting bitcoin as well and soon, we might see it in the supermarkets, it is not a just a fantasy anymore, since we already see some merchants.accepting bitcoins, then just make it a computerized or automated store, then we can see a bitcoin supermarket.
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There are marketplaces that are just only going to take your bitcoins, in anyway possible, we need to be more careful with this sites, mostly are.ound on the deepweb, we need to updated our device's security, have our wallets encrypted and of course not to share our private keys to someone, there is a reason, why it is called a private key. When using a public wifi, i suggest don't since most hackers can already get access to public wifi and can easily track your phone or even your wallet. In this case, just have transactions to trusted people and not some random guy in the internet who clearly wants to get all info, even if you want to create a site, it will backfire on you, since the people who started the dark marketplace are just waiting for others to follow them, and they might have already formed a group to get the new ones, still it is not advisable.
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If you believe on th nay sayers of bitcoin, you might say that bitcoin will crash. I don't listen to them and read the articles on line, clearly, i can say that they do posses a valid point, however they are not investig on bitcoin, so how would they know what they are talking about,since they got rich because of the old ideology of money, and as for us, we are still going there, however witj thenew ideology of money,.which is in bitcoin, so no wonder why would they post a valid arguement, that when you look at theoretically, the market will crash, not only for bitcoin but with fiat as well.
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I think the answer here is obvious, and it is yes, since we already seen the impact that the Chinese can do when they banned their exchanges we saw a dip in the value of bitcoin, and for sure if they allow their exchanges to operate again and Bitcoin be accepted again, they can give a big boost to the value of Bitcoin, though we can make it through without China, it is still much better if we all invest in something great.
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The risk of holding Bitcoin is dependent on the owner, if the owner doesn't know how to protect their wallet, if their wallet is not encrypted or if they give out their private keys, hackers can get hold of their bitcoin, I think that would be the riskiest part of holding bitcoins. If we don't protect our wallets and hold our Bitcoin, we are risking it to be hacked, however if our wallets are protected, we have lessen the risk, and the next risk is the value of Bitcoin that we hold, still we can further lessen the risk by investing on education, so we can handle how we can profit on both bearish and bullish market.
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