I agree with what you said that it is cool to be paid in bitcoin when you are doing some jobs. I think this is a good mode of payment because you are earning and at the same time, you are holding bitcoin for the future if you keep it. I hope the time will come that most if not all of the stores online will accept bitcoin as a mode of payment.
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I think one reason why bitcoin are more attracted than other coins is because bitcoin is the first cryptocurrency ever done and because of that, it is more popular andwhen they talked about crypto bitcoin is always said. Second is the price of bitcoin. Bitcoin has the highest price thats why they are more attracted into it.
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I voted others because signature campaigns and using your skills to earn is the best way to earn bitcoin and you don't need to invest in it that much. However if you want to earn bitcoin faster, you may pick trading as the best source of bitcoin. Gambling for me is one good source of bitcoin too if only your basis is only the earning. Gambling is risky but if you got lucky you can earn many bitcoin in there.
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Yes the price of bitcoin matters. One reason is because of the high price of bitcoin, more and more people are being interested to invest in bitcoin because they believe they will get profit with investing. When more people are being interested in investing in bitcoin, the demand will be higher than the supply and then the price will increase that's why the price of bitcoin matters all the time.
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At this moment I don't use my BTC because I am waiting for the price to get at the highest peak. I am holding every bitcoin I earn so that I will get a high profit at the future.
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If you're asking this day I would say no because see the price of bitcoin, its around $7k. I would suggest just buy bitcoin after the new fork had been release at the mid november because the price of bitcoin will possibly go down at that moment.
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Nope its not, and it will never be because the only way to say that bitcoin is dead is when everybody don't use bitcoin anymore in the world. That is one thing it never happen because when the days pass by, more and more and more people are investing their money into bitcoins because they believe that it will give him/her a good profit.
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It depends on the situation brother. First of all, I will do it that I will give my bitcoin only if the person they kidnapped is very important to me. Other than that, I will not do it.
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I think there is a possibility that fiat can be replaced by digital currencies but it will take time since many people around the world are using fiat money as a payment rather than using bitcoin. I think that if it will be replaced, each country will make its own crypto coin that will be using in their country.
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Hey Guys,
Can you help me in understanding bitcoins , the ecosystem , origin and how it really works. I tried to find them but information is available in bits and pieces so looking forward for your help in it.
Thanks, Gaurav
I think its better if you will do some research yourself aside from asking because if you do researching, you will gain more knowledge. Now, if you want to have information about bitcoin this site has it almost if not all of the information you needed. Just take time to do some search or start at beginners. Do some search at google too and watch videos they will help you gain information.
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I heard that Zimbabwe is facing an economic crisis at this moment and introducing bitcoin into the people there will increase the popularity of bitcoin. With its price there at 12k, a difference of 5k with the normal price and it will attract more people to jumped with earning bitcoin.
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I think the reason he doesn't want to invest in it because he can't control it. Even he is rich, he doesn't have the power to control it. He is like the other skeptical bank owners and china that says negative words to bitcoin. Never mind them it doesn't matter if he will or he will not invest with bitcoin.
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When I involve myself in learning bitcoin, the price of it was around 4k but after 3 months it jumped into 7k and its still increasing. Many said that it will jump into 10k at the end of the year and I agree with them. Bitcoin's price attracts many people to invest with it so higher price of bitcoin will attract more people to earn bitcoin.
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Bitcoin is a good investment at this moment because as we see now, the price of it is increasing and it is continuing to increase in the next years. If you can hold your bitcoin for a long time, you will get a high profit.
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For me it is a NO because bitcoin has only a 21 million supply and it will not be enough to use by all the people around the world. Unlike fiat money that you can produce anytime you like, if bitcoin reached the 21M its the limit. Another problem is the slow transaction. Some transactions if not all are too slow sometimes it takes many hour or days.
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Coursera is one of the popular online course and is currently conducting free course for Crypto Currency geeks and the course has been already more than 1 million enrolls. How about you? Would you like to enroll also with the same course?
If the time will come that there will be a course pertaining only to crypto currency, I will enroll again and go to school . I think it will be one way to promote cryptocurrency because if you want to have more student, you must advertise it into different platforms. I will go and enroll the course if there is at this moment.
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For me not really but I want to on the future. I want to feel the feeling that aside from using fiat money, most of your money are from cryptocurrency. If that time comes for me, it will be a great life for me. I will buy my wants using bitcoins that I earned.
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As many people are involved with bitcoin and with only a limited supply of bitcoin, there's no doubt that the price of bitcoin will increase. Increasing price of bitcoin shows that more and more people are using it. Bitcoin holders are the one who will benefit most with this increasing price of bitcoin.
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I think they don't hate bitcoin. Its just they want to have a currency that the government can control of it but since bitcoin is decentralized, no one can control of it and that is one reason they ban it in their country. They want also a currency that they can be track but as we can see, no one can track the transactions on the blockchain.
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Its not too late although bitcoin's price increased so much compared to the price of bitcoin last september but its better late than never they say. Try to invest now if you can afford the price because it will increase in the succeeding years as most predicted. Bitcoin at this moment isn't that popular so when the times that it became popular and be used in the world, it will increased its price so try to invest now and hold.
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