This year might be really interesting for Bitcoin. We have already deployed Lightning Network and merchant might start using it by the end of this year. It enables faster and cheaper payments which is really important online. More and more people seem to be interested in Bitcoin. Let's hope that the number of Bitcoin use cases will increase. I am afraid that some wealthy people might manipulate the price a lot this year.
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The biggest problem with ICOs and altcoins is that many of them are garbage and try to mislead newcomers in order to achieve huge profits. That's not how we should do this. Bitcoin is quite stable when you compare it to altcoins, there isn't much risk if you buy it. ICOs earn a lot of money because people who participate in them think that they might have just bought a Bitcoin successor. Unfortunately they are wrong. There is a slight chance that they will earn some money. I try not to argue with other about that.
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There are many ways to secure your bitcoins. The most popular one is to use hardware wallet which costs about hundred dollars but makes sure that your bitcoins are secure by separating your private key from anything else. If you don't want to spend any money then you should use Bitcoin Core or Electrum. These two wallets are the most popular ones and allow you to control your private key which is used for signing transactions.
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It would be great if by 2023 became extremely popular. Bitcoin could be universal cryptocurrency accepted in the most of shops all around the world. National currencies will be replaced with cryptocurrencies possibly issued by governments who would like to keep their control of money. Crypto is much better, faster and more secure than national currencies. The only problem is adoption and government regulation which are important for merchants.
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Only a few small countries decided to ban Bitcoin because they considered it as a threat. Not to mention that they have problems with inflation. Bitcoin could help them but they decided to get rid of it without any particular reason. Thanks to bitcoin we can be our own banks which means we don't need large institutions to store or money and lend it to others. The fight between Bitcoin and authorities will continue.
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The reason why I became interested in Bitcoin is simple. I was amazed by how Bitcoin works and the size of its community which could withstand many attacks. It impressed me and I started to do more research about Bitcoin. I finally got here and started to discuss with others the future of Bitcoin. I believe that cryptocurrencies will change banking and maybe even get rid of it. However I know that it will take a lot of time and that's why I don't expect everyone to know and accept Bitcoin.
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Bitcoin Cash causes a lot of mess because new people are confused which Bitcoin is the "real" one. Bitcoin.com has been misleading their customers by calling Bitcoin Cash Bitcoin. It looks like they are really desperate to gain more users than Bitcoin which was not possible even after many pumps on Bitcoin Cash and spam attacks on Bitcoin. It's been almost 1 year since Bcash was created and it's getting wrose and woerse with every month.
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You have done something that you consider as a right choice. Why are you so scared of Bitcoin price? Why won't you wait patiently? It's clear that you don't believe in Bitcoin anymore. I don't see anything wrong with growing value of other altcoins. Is it really that bad? Bcash has some bad impact on Bitcoin but it had been pumped many times and it never managed to replace Bitcoin. There is no point for you in investing in cryptocurrencies if you don't understand it. Don't be like many other people who spread FUD and panic sell.
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Bitcoin is a huge threat to banks which are trying to get rid of paper money. Fortunately, they were stopped by Bitcoin and many other cryptocurrencies which were created in the last few years. Many people started to understand the concept of cryptocurrencies which might not be easy for everyone but if we help other with it then we will quickly achieve high adoption level. Banks earn on fees and lending our money to others. They won't exist in the future if they don't have any deposits. That's how it might end.
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The fall of Bitcoin would cause a lot of fear among investors and might lead to crash of other cryptocurrencies. However I think that the market would recover pretty fast because people seem to understand why they need cryptocurrencies. We don't want to become dependent from banks. We want to manage our own money. It would require some time but yes, Blockchain could survive and develop something better by looking at the history of Bitcoin. We learn on our mistakes.
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I don't see anything wrong with criminals using Bitcoin. We can't avoid it. Cryptocurrencies and even fiats are used for illegal purposes such as selling and buying drugs. It is impossible to get rid of such transactions completely. We should not blame and ban Bitcoin only because of that. Many people don't understand it and they try to blame Bitcoin all the time. There are many other cryptocurrencies which are more anonymous than Bitcoin and they are used illegally now.
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I'm not sure if they are going to win. Bitcoin.com Has been misleading users with calling BCH the Bitcoin. As far as I know they have already made some changes to their website. This whole battle between BTC and BCH gets more and more ridiculous. Bcash supporters are desperate to do everything in order to achieve the flippening which in my opinion won't happen. Bitcoin community is strong despite many quarrels about scaling.
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Bitcointalk Username: BelieveInBTC Rank: Member Current post count: 225 Bitcoin wallet address: 3CR2voPjvjAS9EnmFyTgVJ2RsvQbv5p1fz DEPOTWALLET Address: NARSWC-6PYEE6-ASQ7EJ-JHCEY4-O3P26U-2M472C-46U7 Wear appropriate signature: Yes
Telegram: @BelieveInBTC
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The biggest problem of Bitcoin that it is difficult for it to scale. Right now it can't handle many transactions especially when you compare it to Visa or Mastercard. Upgrading Bitcoin is not an easy task because it is the most popular cryptocurrency and it's difficult to agree for a certain change avoiding a new hard fork. Lightning Network and SegWit should help us for some time but we will have to think of better improvements if we want Bitcoin to become more popular.
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That's something ridiculous but it has already happened not with Bitcoin but with iPhone 7. In Ukraine, a shop offered a few free iPhones if they changed their names to iPhone 7. And there were people who actually did it. What's the problem if you can change it later. It would be difficult in my country to change my name to Bitcoin because of the law and officials. I would consider this kind of offer because... It's a bit funny and could encourage other people in my surroundings to read about Bitcoin.
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Most of the books out there contain information which you could find on the Internet for free. That's how I started with Bitcoin and I am doing good. Bitcoin wiki and Bitcointalk are in general good sources of information about Bitcoin. You should try to look for books written by someone from you country if English is not your first language.
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There is no reason for Bitcoin to die anytime soon. Bitcoin and Blockhain are new things which are slowly going to adapt. If Bitcoin somehow disappeared it would have a huge impact on investors who would probably sell all their crypto. This would cause a huge crash on the market. I think that cryptocurrencies wouldn't recover quickly. People would learn something new thanks to Bitcoin and someone would create a much better cryptocurrency.
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Some governments have banned Bitcoin because they thought that it might be a danger to their economy. It's funny that Bitcoin was banned in countries with hyperinflation. They try to prohibit their citizens to buy a currency which is far more stable than their national currency. I don't think that Bitcoin will be banned in the first world countries. It is because many investors have already invested in Bitcoin and they would definitely oppose the government.
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I think that other countries should follow Germany and they should make cryptocurrency taxes more clear and lower in order to encourage investors to stay in their mother country. I don't understand why other countries try to get rid of Bitcoin even though there are many others who would gladly accept investors from them. Are politicians that much ignorant? What a pity, it looks like crypto investors will have hard time in my country. Time to consider moving out.
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Unfortunately we can't be sure if our investment in crypto will be safe. There are many projects (ICOs) which are only a huge scams. The same thing applies for Bitcoin forks which usually are attempts to steal other people bitcoins because they have to enter their seed or private keys when they want to receive new coins. The only thing which can protect you from these kind of situations is your mind. Don't risk your bitcoins for a few dollars. It's not worth it.
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