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There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

Correct, there is no reason to not take advantage of the opportunities that present themselves and give to us the opportunity to get easy profits without too much of an effort such an opportunity present it itself with the now all time highs we reached weeks ago it was obvious the price was going to get lower so if you sold and then you bought when the price was below one thousand then you made some easy profit.

That is right. The bitcoin price is very low due to the transaction congestion. When the block size is increased together with the Segwit, the price will rise a lot.

That is not the main reason, the real reason is based on supply and demand, it's basic that every investors should know. Usually when there is a news that there will be a possible increase of demand price of bitcoin will surge, the last news I knew was Japan will recognize and use bitcoin, so that is a big news and we can already imagine how the demand will increase, the technical aspects is another thing, it does not give big impact when the problem is still manageable.

After Japan started to accept bitcoins I am sure we will be seeing many more countries that will follow Japan in near future which take the price of bitcoins to a next level as this news have drawn attention of many people and surely it will increase the demand of bitcoin in future.

Well, I look forward to that mate, japan is a big country so probably it will make a big impact to other countries as well.
China and japan are both positive with bitcoin so I guess it will bring good outcome to the market..

Yes that will have positive impact on the price of bitcoins and if more countries will start accepting bitcoins in future then it can take price of bitcoins too high and it will also attract many new investors and companies to start investing in bitcoins.

The fact that Japan recognized bitcoin does not mean that the rest of the countries will take bitcoin. Yes, it's very good for bitcoin. But do not forget that Japan can change its decision in a few months and prohibit the crypto currency.
I'm ready to sell bitcoin when its price reaches $ 1,500

MioTaiHeo

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