So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin. What do you think is the reason behind this?
For me, I think governments and banks are afraid of bitcoin because when you withdraw you money in bitcoin there is no tax to be payed. Another thing is they are scared because there is a chance that the paper money will be replace by bitcoin someday.
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Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
In my own opinion, the other factor scares others from investing into bitcoin is the security. I think they are afraid in investing in bitcoin because they don't trust bitcoin because there are news that there are scammers in bitcoin so I think it is the reason why.
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Ever since bitcoin price started dropping, most of the threads i see here are : is bitcoin dying?, will bitcoin go green again?, should i hold or sell? etc. I laugh when i see such threads. Every business has a window of opportunity when the market is ripe to enter. This is the time to invest more in bitcoin. Every good investor see every dip as an opportunity to buy more bitcoin and hold. The weak ones see dips and they start to shiver; selling all their bitcoins, even including their altcoins. Please community members, the way we are handling this drop in bitcoin will scare new members from even investing in the coin which will cause a further decrease in the price and the unexpected might happen. Let's have a healthy discussion about our coin even in hard times, and it will attract more people to invest and eventually pump the price again. Friends what do you also think?
I think we always complain when the market is down because we want to sell our bitcoin and earn profit. For me, we don't need to complain when market is down because it happens every year in bitcoin. We only need patience in waiting for the right time.
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Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
For me, I can't predict what will happen in cryptocurrency in the next five years. But I believe that it will be better because of the popularity of cryptocurrency and the development of technology. I hope that in the next five years, crypto world will be better.
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For me, selling bitcoin is not stupid decision. It is still depends on the bitcoin holder if he or she wants to sell his or her bitcoin. But I recommend to sell bitcoin when you think that you will earn profit when you sell it.
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The scammers and crooks finally won! Congratulations because even your fiat will be near worthless at some point too! The economic freedom of the people is once again destroyed by the animalia raised by bad handlers.
To the "Lending" companies (hey man, do you think I can get my money back soon), I salute you.
To Bitmain and "the plan", I salute you.
To Wall Street who always knows my future, I salute you.
To the newbie crypto-millionaires, who only like the part about making easy money, I salute you.
To the lower middle-class who borrowed all the equity in their homes to buy crypto and told everyone about it, I salute you.
To the SEC who will wait until every crypto is worthless to go after anyone, I salute you.
To the old school crypto nerds, who cashed out in 2017 when they saw what was coming, great job!
I still remember the days when getting anything over a 1% yield on a bank account was something to brag about.
One day I will tell my grand kids about the time in 2017 when everyone except politicians were happy and it was a joy to work at any job because you had real money that actually could make you more real money. Time to find the next bubble...
For me, you can't say that this is the death of bitcoin because the buying and selling bitcoin is happening until now. If the buying and selling stop, that is the time that you call bitcoin dead. But I hope that it will not happen.
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What is your favorite source of information about cryptocurrency news and about coins themselves? Do you go to Reddit or read medium articles? How do you filter and get ones that appeal to your investing interests? I find everyone has different ways of learning about crypto and I'd love for people to share with me their own.
For me, my favorite source of information about crytocurrency is the forum. There are many forums that gives me information that can help me to be updated about cryptocurrency. Facebook and twitter is another perfect source of information. It really helps me.
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Do you think Bitcoin will remain the most dominant coin both short and long term? Even though it does not remain the most dominant coin, this will not be the same as saying that Bitcoin won稚 exist long term.
I think bitcoin will remain the most dominant coin in short term. We don't know what will happen in the future so I don't think that it will remain dominant in long term. For now, no other currency beats bitcoin so I think it will still dominant in short term.
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I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
In my own opinion your money will be safe if you have a hardware wallet. You can store your invested money in a hardware wallet to secure your money. Another tip is be careful of the sites that you enter because it may hack your account so think before you click.
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Bitcoin is a crypto currency, all currencies make upward and downward trends from time to time. Bitcoin is and other Crypto currencies are taking over the world economy. See every dip as an opportunity to buy more. Invest now and smile at moon
Yes, I believe it is a big hope for bitcoin. I hope that bitcoin will be a better currency and it remain its title to be the number 1 currency in the world. even though the price is unstable, it is still good for us investors to invest money in bitcoin. Just have faith and believe in bitcoin.
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Bitcoin is the leading coin of the market. What you think about the future of bitcoin and others coin?
In my own opinion, bitcoin can't lead the coin of the market forever. It can lead for a long time but not forever because in the future there are governments that will make their own currency and it may lead the coin of the market and replace bitcoin. But no one can see the future.
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Things you should know before investing in bitcoin
What everyone wants is to have a stable job and get good savings, the best option is to work the money to get more income for the future and thus have a better quality of life and what better to invest in bitcoin but before you should know certain things about This cryptocurrency.
it is not regulated: there is no entity that regulates and monitors this type of investment. So you should be aware that if you lose your money, nobody will answer
Bitcoin is a high-risk investment: people should know that the level of risk is very high, due to volatility and inability to predict its price. "
Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.
Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".
Use reliable pages: use safe sites to navigate and also only use reliable devices such as your cell phone, your computer and your home's wireless network. Never use public networks neither to make investments nor for any type of financial consultation.
In my own opinion, before investing in bitcoin you should understand exactly what is bitcoin and how your money works and earn money. For you to understand that, you must read safe sites and some tips from the seniors or to someone who invested in bitcoin so that you know how your money earn profit.
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It is very sad to say that a technology like this would come to a big tragedy Bitcoin has the potential to be great but it has become a weapon of Greed
The real use of bitcoin as a payment system is just a fantasy But what happens in reality, it is just a pump and dump coin like the rest
The only coin that is using blockchain technology the right way is USDT or Tether most other coins are just scams and not meant for adaptability
A currency is something that can be used for daily basis rather than just an investment majority of people who buy bitcoin is just for investment and not used as a payment itself
Never the less HAIL HYDRA!
Yes I believe that you are right. It is sad to see how other people use bitcoin. Bitcoin market price is falling and it is natural it happens yearly so don't give up on bitcoin. Don't think that bitcoin is dead. Bitcoin will rise again and it will be better. Wait for the coming days of bitcoin, it will be fine soon.
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Guys,
I'm from Malaysia,and I brought 8000btc when many years ago(and glad that I still have found back).
I'm looking for cash out all the btc I have own now,it is about 100 million usd fund,but I don't think my country market have support that huge of volume,I do my research found that exchanges in Malaysia are really small,big exchanges like only bitfinex and coinbase can support that much of volume,but it can't use their service in Malaysia,and I'm not US citizen.I don't know what to do now.
I'm really frustrated knowing I own that much of money but I can't cash out due to my country is not popular with this coin,any suggestion for me? Whoever can help me solve my problem I promise to gave him 50btc after I manage to cash out.A man will keep his word.
覧覧覧覧覧 updated: 6.1.2018 4:54pm
what country that can support 100 mil usd withdrawal?
I'm actually have thinking about open an US bank account,but I'm not sure whether I can withdrawal that much of fund from exchanges to my bank account or not.
I actually don't mind paying tax fees to US or Malaysia gov whatever,I just want to have a cash out plan.
Wow, what a huge money. But why do you want to withdraw it in one time? For me, you should withdraw it minimally so that you can spend your bitcoin. Withdraw it when you need money. I think 8000 BTC is a very huge money to hold so you must withdraw it minimally. You can withdraw it daily or weekly.
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My suggestion to everyone would be to be calmed, don't be greedy, have a patience in everything. Success will definitely touch your feet, never ever quit. Bitcoin's price is always volatile, as we see it's dump price and the market is red, never lose hope. Always remember this one " He who quits does not succeed, he who succeeds does not quit". Yes, I agree that never quit. Don't quit just because of the price of bitcoin. We need to work hard so that we will earn a lot of money. We need also to be calmed and patient in waiting for the right time to sell. Don't be greedy to sell your money because if you have patience you will earn a lot of money.
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