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What is going on with Crypots? Is this the right time enter again? Crypotos? Is this the right time to enter?
When Goldman Sachs, etc, start trading against something - which looks very likely - then no it is not the time to get in.
What exactly do crypto currencies do, why would you want to own one in 10 years, versus owning stock in a great company and sharing in growth and profits over the same 10 years?
When Goldman Sacks, etc, start trading against something - which looks very likely - then no it is not the time to get in.
What exactly do crypto currencies do, why would you want to own one in 10 years, versus owning stock in a great company and sharing in growth and profits over the same 10 years?
Most people are just speculating. Crypto has no value besides the hoards of other people who buy into the scheme thinking the prices will go up and "hopefully" make a quick profit off of. Keyword is hopefully.
What is going on with Crypots? Is this the right time enter again? Crypotos? Is this the right time to enter?
January historically is a down month, not sure why but if history repeats itself it just is. On top of that we had Bitconnect the ponzi scheme lending program rash. There was some fake news about Korea banning exchanges, there was some news about China trying to block citizens from trading on foreign exchanges, Bitcoin network is slow. Kind of a perfect storm of a lot of things going on. That said just to put things in perspective in the last year we've had Bitcoin and crypto lose 30% five times and it always seems to come back
What is not fake news though, if you read the Korean news, is that Bithump has not being able to pay the customers who wanted to withdraw money for almost a week now. But, and there is a but, the story is the same as any financial crisis with a traditional bank so I would think it's unfair to throw the stone to the crypto currencies exchanges but still.. the public opinion can be a bit too black or white.
The "guess" in South Korea is that due to new regulations for AML / KYC, the Chinese / Koreans who invested a lot in South Korea are trying to get out of their positions, creating a drop in the price.
The "second level guess", close to a conspiracy theory, is that the South Korean government created a chaos around a potential ban to scare the individuals so that most cash out the money and reduce the bubble. And when prices were gonna be more stable, they would regulate them more strictly.
From an article I read that 40% of the Bitcoins out there are owned by only 1000 people.
If that is extrapolated out for example only, then 100% could be owned by 2500 people.
How can millions use it and why would anyone even take it when the ownership is among a number of people less than the population of a small rural town in Nebraska.
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With this weeks drop if someone wanted to open a new position is there a crypto other than Bitcoin that should be considered.
I have not funded my account yet, is there some time limit, and what are the fees based on your own account to move funds in and buy $3,000 of any coin.
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