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For those people who don't know what is bitcoin, maybe it has negative impact on them and thinking it is a scam but for those people like me who really knows bitcoin, it has no impact at all. I think we need more promotion here, spreading awareness to Filipinos that bitcoin is great investment that can have positive impact in our economy.
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I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.
1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.
2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.
This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
You have a very good point, bitcoin in online transactions and fiat money for offline transactions. In my opinion, when the bitcoin is widely accepted as currency and payment system, it will replace the fiat money and perhaps we can also send and recieve bitcoin through offline. |
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bitcoin has many technological limitations(1MB size of block, takes long time to process your transaction) and so had been hardforked to bch, btg.
it could only be used as currency since they do not support platform like ethereum does.
currently many icos are based on ethereums, cause they support tokens on their platform.
I think the only benefit of using bitcoin is that it is the very first cryptocurrency and altcoins are exchangeable in exchange because of btc's stability.
how do you think of bitcoin? will it still have much advantages&value as it now has?
In my own opinion, bitcoin has advantage over the other new coins because it is the first creation and the father of all coins. It is by far the perfect creation and powerful technology behind it. There are millions of bitcoin holders around the world and it is growing everyday. It will always be the most used cryptocurrency in the world. |
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we know that many people do not like the presence of Bitcoin, Are you sure in the future people who hate Bitcoin will be silent and regret because of Bitcoin triumphs...  I am very sure of that and they will cry in bitter regret that they did not believe in bitcoin. They will think it is very too late for them, we all become rich in this investment. One day, it may happen. |
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That's the things new investors should remember. Every investment involves some degree of risks even bitcoin, don't invest in anything you never understand. Do you own research and everything will be fine. Welcome to the crypto world. Hoping we all get rich.
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I hope in my country too, i could use my bitcoin to buy at KFC and other foodchains and restaurant, no need to convert to local money and just paid it directly. Good thing, bitcoin is deemed legal now in my country, perhaps, a few years from now it will happen.
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It shows that bitcoin is for the people from all walks of life. It means that bitcoin can help, whether your are rich or poor, jobless or employed, you can earn extra income from it. We are now shifting to bitcoin era and perhaps in the far future, all the fiat money will become worthless and bitcoin will rule the world.
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There is a big chance that government and bitcoin will work together for the common good of the people. That is what's happening here in my country, the Philippines, they officially legitimised bitcoin. And they are creating regulatory guidelines to protect the bitcoin owners.
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Bitcoin is the first creation and the father of all emerging coins. I don't think it will be replaced by the new coins. Btc remains popular and most sought after cryptos, lots of merchants now are started to accept bitcoin as payment.
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I am one of the idiots who invest in bitcoin but because of that I can live comfortably. I can support my family's needs and my wants. Bitcoin is the future of money, you will be an idiot if you don't invest in it. It is an opportunity of a lifetime.
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I was wondering, if you had an opportunity to sell your stuff alike cars, pc, homethings and etc., would you sell it for bitcoin (or maybe other altcoin)? The main question is to see, are you ready trade stuff for cryptocurrencies and how do you imagine it?
For me, it is the other way around, i would buy things like house and a car using my bitcoins. I am earning and saving bitcoin now for my brighter future. I would keep earning it and sell some if the price is right. |
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As for now, i didn't use yet my tokens. I just keep it as a savings and earning more of it. When i have enough, then why not, i am planning on buying something with my coins.
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Bitcoin is the greatest creation of modern times and has a big potential to be the single digital currency of the future. Many countries specially the rich countries are adapting the bitcoin and integrate it in the lives of their people.
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In my own opinion, banks and government are scared of bitcoin is because bitcoin is created to provide solution to financial system where people have the freedom to manage their own finances and can send or receive money cutting the bank services. Government can't impose tax on bitcoins. And that my friend are some of the reasons they are afraid of it.
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I strongly believe that bitcoin will survive for the longest time over the other cryptocurrencies because it is the first and the greatest coins created ever and it is the father of all the emerging cryptos. It is also the most famous and widely used coins around the globe.
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Bitcoin is valuable because it is money, it is a digital currency that can be use as payment for a purchasing an item or services. It is also an asset, an investment because its value is highly volatile and could get huge profits.
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I don't think so, even though it uses a lot of power and energy but
I know we humans are very resourceful and creative. Bitcoin has the advantage and disadvantages. But it also proven its help to the people and economy. G
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Bitcoin functions as a currency because it can be used as payments for items or services you purchased from a merchants who accepts bitcoins. Bitcoin gain popularity now and not long, it will be widespread and perhaps, in the near future, all merchants will acknowledge bitcoin as payments and it will be treated like the local currency.
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Newbies in cryptocurrency are prone to panic selling, that is why we should tell them and educate them that when the price drops that is normal because bitcoin is highly volatile. It will rise eventually so we need not to worry to much.
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That is an inspiring story, we all invest in bitcoin with the hope of getting high returns. Who knows in the near future, we can be a millionaire, this bitcoin is an opportunity of a lifetime so invest in it when you can. Go for the brighter future.
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