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In my opinion it is always good to invest in bitcoin as the price of bitcoin always increase because new people come to invest in bitcoin so the demand in continuously increasing but as we know the supply is constant.
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You are right all I came to know is that bitcoin is that its value increases with the passage of time as more and more (new) people are investing in bitcoin so the demand is increasing but the supply is constant.
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In terms of trading I suppose bitcoin has already superseded the gold but as a commodity it can not replace gold because gold has other usage for centuries and it can not be replaced.
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Both are good but in my opinion bitcoin is the mother of cryptocurrency and in near past I mean at the beginning of September 2017 when china announced that she is going to impose ban on cryptocurrency exchanges the prices of ETH and other crypto go down -30% but the price of bitcoin go down only by -7%. So in other words bitcoin is a giant and it is worthy to choose bitcoin instead of ETH.
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I suppose it will in some way try to regulate and start dealing in bitcoin and accept bitcoin because it is a big threat to banks but there is no way other than accepting and dealing in bitcoin for banks and bitcoin is the future and it is unstoppable because of its nature.
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According to other exchanges operating in china they do not receive any instructions from Central Bank of China. In my opinion these are only rumors which drop the price of bitcoin. Till now the only official news is that china has banned fundraising for ICOs but I do not read anywhere that it banned Bitcoin. I suppose that china is going to regulate bitcoin and will not ban it.
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Ok, China has made the mess in the market but I still think this is on short term period. With time bitcoin has become more resilient on such influence and not such a big harm will be done. But bitcoin can exist even without China, no matter how bg player they are, because bitcoin is not limited with boundaries or exclusively tied to one state.
Yes this is short term drop in bitcoin price and reason behind this is rumors in media. Chine did not banned bitcoin and in my opinion she is on its way to regulate the cryptocurrency. But suppose it ban bitcoin even than bitcoin will survive and the price will recover. |
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I think bitcoin not announced that it will be ban but i heard there are ICO was already delisted that i think only ICO was ban not the whole cryptocurrency
If you heard that bitcoin is ban its a fake news better to look for btcc exchange or any china exchanges use the google built in translator to read and to see that fact that there is no bitcoin ban..
People are just panic selling even they are not reading the real source.
For now we are seeing more price drop and i think panic selling will still no ended..
You are right they only ban fundraising for ICOs and did not ban bitcoin in china. But yesterday an exchange (BTCChina) stop its services in china but other exchanges are working and they said that they do not receive any instruction from central bank of china. These are only media rumors which leads the investors to sell bitcoins which drop the price of bitcoin. |
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According to the news a bitcoin exchange close its services and other exchanges say they do not receive any instructions from central bank of china and they are working normally but the rumors push the investors to sell bitcoin which leads bitcoin prices to go down. I think if the investors study and watch the market properly the prices will go up.
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I think there is now a panic where -man, it makes bitcoin prices more mudslides especially traders, most of them choose to sell their Bitcoin and wait time to buy below.
The price shed 11% in last 24 hours due to the rumors and the closer of a bitcoin exchange in china but according to the news other exchanges are working as usual in china as they say they do not receive any instructions from central bank of china. In my opinion the price will recover. Due to usual huge fluctuations in the price of bitcoin other investors also sell bitcoin thinking they can minimize their loss but in my opinion the price will recover and will go high as other exchanges are working normally in china. |
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i thinks yes , because their densely popuated population , and i hear cost of eletricity there is so cheap , and that i think the reason why china have a large Bitcoin player than other country , indirectly it affects the bitcoin price in the market ,.
But bitcoin is still too strong that it is trading nearly for $4600 today as compared August 21, 2017 when it was trading at $4000. These are the factors that may shake bitcoin for a little while but it can beat bitcoin. Bitcoin is the future and its value will go high. |
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Altcoins depend on ethereum and bitcoins mainly as they are the currencies for which most altcoins trade and a slight dump too makes the price drop. See CDT price now which is 0.04 when it was 0.2 few days back and same goes for other altcoins like Mybit, PPT that are suffering now even when the price is above $200 for ETH and above $4000 for bTC. If bitcoin prices reduce to half, many coins would be valued below 1 cent.
This is true and we see this trend yesterday when The People's Bank of China which is the central bank of Chine put the ban on ICO and its funding in China the price of bitcoin drop 5% and ETH price drop by 12% but others altcoin prices drop to nearly 20%. |
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Is only the government policies could stop growth of bitcoin thats if it possible given the decentralize nature of bitcoin , otherwise bitcoin has come to stay for a long time. Although, if it does not transform to fiat / paper money, then some day, it will lose it value either to another cryto or something replacing crpto because nothing stays permanent for ever except God.
You are absolutely right that noting stays permanent for ever except Allah. In my opinion more and more governments are going to legalize bitcoin as I was reading somewhere in this forum two days ago that the government of India regularize bitcoin and there were some links to governments websites about that announcement which I do not studied/read but it just an example that different countries are working on it. |
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The higher the bitcoin price makes the person holding bitcoin will benefit a lot, bitcoin not only can reduce unemployment, but bitcoin can prosper the users who really have bitcoin.
Yes you are right sir, I know many of friends who were jobless and were spending most of their time in the streets are now earning more profit than very good business in my locality per month. One of them made $7900 in the month of August 2017 which can not be earned in good business in my city. Bitcoin has increased the purchasing power of many of my friends. |
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I think the worst enemy is the bankers, crypto will be the end of banking, as there will be no need for them, thank God for that, The bankers are the biggest criminals in the world.
Yes you are right that banks are one of the enemy of bitcoin besides other governments regulators but I suppose that banks will start accepting/dealing in bitcoins. There is no other way left for the bankers to adopt dealing bitcoin because it is the biggest threat to banks. |
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I prefer bitcoin than gold. You can buy gold with bitcoin  Bitcoin is better than gold, there are a lot of reasons to this. The price of bitcoin fluctuate very fast which attract the investors on the other hand the price of gold is stable. Now you can directly pay your bills, purchase different things and send bitcoin to other people but in case of gold you have to convert it to fiat first so bitcoin is doing the job of currency for some people and the job of commodity for others. |
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I can see from my own eyes that Bitcoin is attracting a lot of interest nowadays. People, who were not interested in crypto-currency a year back are now debating about the merits and demerits of investing in Bitcoin. Where I reside, Bitcoin has become the new craze. A lot of people are talking about it, and many of them are making investments.
Yes you are right bitcoin is the future. In my opinion it is the best time to invest in bitcoin because currently a very small percentage of people know about bitcoin and cryptocurrency and as they become familiar with bitcoin and know about its success and price fluctuation the more they invest in bitcoin so the demand is increasing therefore the price will go up. |
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It's basically because USD is like the "world currency" everything is compared to. Businesses and companies working international almost always use USD. You know what Americans are like. They have to have everything and always be in control. The rest of the world just let's them think they in control. I mean they use the imperial system to measure things. That says alot already. I think after USD maybe eu and pound is next.
Yes I agree with you that most of the world economies are dealing in US dollars so it become a common practice that we see and covert the value of different commodities to US dollars and this is not the case with only with bitcoin. By the way I always convert/google bitcoin to my local currency after seeing its value in US dollars. |
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If Bitcoin Reaches $10k in 2017, what will you do?
1) First, it will be great because I can make good profit with my holded bitcoin
2) I will sell half of them to buy things what I like, because hold it all my life and not use not a good idea
You are right, in my opinion the price of bitcoin will cross $10000 soon as the demand for bitcoin is increasing day by day and people will earn huge amount of profit. Some people will buy things with the help of bitcoin and new people will invest in bitcoin so the journey of success of bitcoin will remain alive. |
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Bitcoins are a long-term investment with a good profit, I do not see the point, to sell, what makes a profit. If it was not profitable and did not bring joy, then yes, and so the price of bitcoin only grows. But maybe you have other reasons for this.
The main purpose to introduce bitcoin was for investment like gold and here you are right that one will get huge profit if he/she invest it for long term but some times we see that other commodities have better value and more beneficial profit option than gold. So one may covert his/her bitcoin to other commodities for better return. Converting it to fiat for no reason is perhaps a lose. |
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