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Author Topic: Bitcoin, Emperor of Crypto or Victim of greed  (Read 107 times)
CryptoGamblingSites
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August 26, 2018, 09:49:09 AM
 #21

Anybody trying to create the next bitcoin has huge issues, nobody will trust that someone did it to benefit people rather than make themselves rich.

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BALIK
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August 26, 2018, 10:06:22 AM
 #22

Well, there was suggestions of price manipulation last year, which may be part of the reason why Bitcoin managed to climb to $20,000 to begin with, this might not have been the natural level it was supposed to rest at. Right now, we're still up in terms of value compared to this time last year, so only those that bought in at over $7,000 have something to complain about.

Cryptocurrency is extremely new, 10 years in the grand scheme of things is just a moment, so Bitcoin and other cryptocurrency can be forgiven for not blazing the trail like people thought they would. These things take time, they take trust and most of all, they require enormous support to reach a global scale. Already, bitcoin has over taken juggernauts like Paypal and Western union, so give it some more time, and we'll see it take over even some fiat currencies in terms of volume.

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Kprawn
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August 26, 2018, 10:16:29 AM
 #23

Looking back at later 2017, we now realized that Bitcoin was a bit of a bubble and rife with speculators. We also expected that

there would be a correction phase, but nobody anticipated that it would shed almost 70% of it's value. The promise of bigger

profits with the SEC still having to decide on Bitcoin ETFs, caused some speculators to hang around, but as it became evident

that the SEC would not approve these Bitcoin ETF's, more speculators left the market. The people that are invested in Bitcoin

now, is the "true" believers in the technology. We also see good adoption of the scaling solution, called the Lightning Network

and this looks promising again.  Grin

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Marlo Stanfield
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August 26, 2018, 10:25:29 AM
 #24

Well, there was suggestions of price manipulation last year, which may be part of the reason why Bitcoin managed to climb to $20,000 to begin with, this might not have been the natural level it was supposed to rest at. Right now, we're still up in terms of value compared to this time last year, so only those that bought in at over $7,000 have something to complain about.

Cryptocurrency is extremely new, 10 years in the grand scheme of things is just a moment, so Bitcoin and other cryptocurrency can be forgiven for not blazing the trail like people thought they would. These things take time, they take trust and most of all, they require enormous support to reach a global scale. Already, bitcoin has over taken juggernauts like Paypal and Western union, so give it some more time, and we'll see it take over even some fiat currencies in terms of volume.

Yeah, there's still lots of questions in the air about whether or not, or how Bitcoin was pushed or manipulated up to 20k.And yeah, 7k is still quite good really when you look at the bigger picture. And the timeline is still looking good from a zoomed out perspective.

ToniJu
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August 26, 2018, 10:28:45 AM
 #25

Bitcoin is still the "emperor" in the coin, which is an indisputable fact, even if its value is decreasing, but it will not affect its position!
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August 26, 2018, 10:36:50 AM
 #26

By the end of 2017, with the price approaching $20,000, Bitcoin became the giant of Crypto world.
We have not forgotten analyzes of those days. $1 million Bitcoin, the destruction of Fiat currencies and strange forecasts are only part of the news of those days that maybe a bit FUNNY today.
More than half of 2018 passed.
Do you think Bitcoin will remain the emperor of Crypto?
What is your analysis?


Actually, Bitcoin still dictates the Crypto market movement that every time Bitcoin price falls then most of the Crypto currencies will fall too that when Bitcoin price start to climb then all Altcoins will rises too. Therefore it is clear that Bitcoin movements will create domino effect in all Crypto currencies which mean that Bitcoin is remain the leader of the Crypto either in bullish or bearish trend.

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August 26, 2018, 10:42:09 AM
 #27

I think bitcoin will lose first place sooner or later. Bitcoin was the first and this makes it the king now BTC has many competitors and I think in the future it will lose its leading position.

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August 26, 2018, 10:47:28 AM
 #28

I think bitcoin will lose first place sooner or later. Bitcoin was the first and this makes it the king now BTC has many competitors and I think in the future it will lose its leading position.

This is very well possible, but:
1. If that will ever happen, it'll still take years until a worthy opponent will rise high enough (as usability, acceptance, network power and so on).
2. Don't forget that Bitcoin also evolves and we cannot know what the future holds, for example what features which today give an edge to the "competition" could be incorporated into Bitcoin.

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August 26, 2018, 11:15:21 AM
 #29

Well, I believe that Bitcoin will see positive momentum in the price in this year itself but $1 million it's too early for it in my honest opinion. It doesn't mean that Bitcoin won't hit that level anytime in the future but considering the user base it won't be the organic growth at all and we will see the biggest fall in the price if anything like that ($1M) happens. However, I don't see any other coin having the potential to replace Bitcoin at least in the next five to ten years from now.

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