Nobody can actually predict when some currency and in this case Bitcoin will stabilize. It depends on many factors that are independent of each other. Fortunately, the price slowly stabilizes and thanks to that, the markets calm down. Bitcoin owners want this so much because it will overcome their worries about their funds and they will be able to increase their capital again. Fingers crossed that it will happen soon.
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Bitcoin has many advantages, more than mosty people expect. Decentralization of Bitcoin makes it resistant to fraud and available to everybody in the same way. Another amazing advantages are convenience of use and transparency which means that even people who are not the most proficient in these matters can cope with using Bitcoin. At the end, I won't fail to mention that bitcoins make our transaction anonymous which for many people can be an important asset.
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As we all know, Satoshi is an inventor of Bitcoin but in fact, nobody knows who he exactly is. Many people claim that Satoshi Nakamoto must be the group of economics, because when he wrote on the forum, he used a rather uneven language and he has been publishing posts at various hours. After a time from the Satoshi profile, the posts ceased to appear. Many experts claim that the reason of ceasing them was fact that Bitcoin increased astoundingly and he or they decided to leave Bitcoin as an independent unit that works alone and it sounds probably because if someone knows satoshi he will for example blackmail and it could seriously jeopardize his or their security.
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Bitcoin has many advantages which put it higher than ordinary currencies. One of its key strenght is simplicity and convenience of use. We also do not need any intermediaries to perform Bitcoin transactions. Bitcoin is not in danger of inflation because the Bitcoin limit will be finally reached ( 21 milion bitcoins). In my humble opinion, Bitcoin is definitely and unquestionably safe. From the above examples, it appears that bitcoin is not dangerous and you shouldn't be afraid of using it.
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Decentralization makes Bitcoin that wise we have to admit it. Moreover, its unbelievable that you become your own bank with crypto, especially Bitcoin. Transactions do not require a broker which makes them more convenient and fast. Bitcoin has many facilities which we should really appreciate, let's ask uorselves a question if there is a better-prepared cryptocurrency nowadays. Answer is obvious, Bitcoin rules.
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Bitcoin is the strongest, biggest and most valuable cryptocurrency, but we can't forget about the others. For instance, Ethereum is getting more and more popular and there was also huge increase of it some time ago. Nowadays, we can't deny that there is a hegemony of Bitcoin. At the moment, I'm almost sure that any cryptocurrency couldn't exist when Bitcoin dies, but in the future it's probable that it will.
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It is easy to see that BTC community is getting bigger and bigger. It has both advantages and disadvantages because some people perhaps will increase their knowledge about Bitcoin because of its popularity and begin their adventure with Bitcoin wisely. On the other hand, many people may join aforesaid community and start investing in Bitcoin reckless, without any knowledge of it and it will bring many terrible effects.
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Btctalk name: DunnDy Rank: Jr. Member Current post count: 34 BTC Address: bc1qgsym3776plp4qzuj28szzkmvpt5sym3pg9zzjx Wear appropriate signature: soon
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After a deeper reflection on saving bitcoins and not releasing them, it's easy to notice its positive effect. It is probably profitable. We can assume that it will increase multiple times, because in previous years it has risen exorbitantly. Furthermore, more and more people are beginning to know what Bitcoin is. It has become extremely popular and the many facilities created for Bitcoin make it much more polished.
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User: DunnDy Postion to Apply: Jr. Member Posts Start: 32 Address: bc1qgsym3776plp4qzuj28szzkmvpt5sym3pg9zzjx
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As far as I'm concerned, Bitcoin may be more profitable upcoming years. Look at the increase of Bitcoin in 2017. It was literally huge and then your question arises. Can bitcoin be more profitable in the upcoming years? Certainly it can. All of the people who learn something about that cryptocurrency know that there is no limits for it. We can't be sure that it won't take off with its value many times. Possibilities of Bitcoin are unlimited.
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You can't forget that it is still harder to mine Bitcoin. Bitcoin is getting more and more valuable which makes the time of its mining longer. It is important that the number of bitcoins can change a little bit ( I mean the numbers after the coma). Consequently, there are some ways to avoid the times when all bitcoins will be mined.
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It goes without saying that he must be the hater. Why we cannot call Bitcoin currency even many people use it to buy something? In the other words there is no denying that is a currency, but a special kind of currency which isn't physical. People who know even a little information shouldn't take any notice of haters like he.
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Bitcoin is so polished that we shouldn't worry about its security. Scams aren't possible till 51% attack so we don't have to be afraid about they. Furthermore, the government won't ban BTC because of one simple reason. Too many users would show their madness if there was a ban of Bitcoin. They certainly would attack a government to unban BTC.
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There is no denying that besides all of the advantages Bitcoin also has few disadvantages. The biggest disadvantage is a price of transaction fees. It is literally too high. Also, a long time confirmations of transactions make users really mad.
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Generally speaking, the best time to sell BTC may change. Bitcoin repeatedly astonished its owners with increases in value and that is just the point. We can only try to predict the time of Bitcoin increase but we have to keep ourselves in the loop to find the best moment to sell Bitcoin.
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There is no denying that there isn't any just reason to ban Bitcoin. It goes without saying that Bitcoin shouldn't be banned. Let me ask if there is any detail which could make Bitcoin illegal. On some levels, Bitcoin seems to be more reliable than keeping money in the bank.
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The question is, why shouldn't they trust cryptocurrency? It ain't possible that anybody will receive 51 % computing power. Generally speaking, it doesn't look like there is any legitimate reason to worry about our funds.
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It doesn't seem likely that Bitcoin won't survive. During 2017 Bitcoin has increased many times so why should it stop increasing. In my humble opinion Bitcoin has lost some value only temporary.
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Bitcoin has many advantages. Decentralization is one thing that makes aforesaid cryptocurrency equal to everyone and it makes 51 % attack unlikely. Another huge advantages are directness of the transaction and independence from banks. It is grist for the mill to the skeptics of banks and people who want to take care of their means themselves.
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