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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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Bitcoin holders are the ones who are benefited most because of this increasing price of bitcoin. I remember the time that bitcoin reach the $2000+ price and that is September and now after 2 months it increased by more than 200% and now it reached the $7500 mark. I predicted a while ago that at the end of the year, bitcoin's price will reach 7k-8k but now it reached the 7500 mark I will change my prediction. I think it will go into 8k-9k at the end of the month.  |
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If you are going to teach it with the child who is 7 year old, you are going to use the word that can easily understand or comprehend them, but it really depends on the child if the child is not interested they will not easily understand it coz we all know that age is not the age that a child will give time to understand it. There is a child who are very curious but only few.
I agree with this. Children might be somehow get bored when you just plainly explain what it is. However there can be some solution for that like making a visual aids to teach Bitcoin through animations and interactive videos to make it eye-catching and it will catch their interest to listen and follow the lessons being taught. I agree with what you are saying brothers. Use some visual aids that are related to bitcoin and it must be easy to understand. If you want to teach it to a 7 year old, you must teach only the basics and just teach the more complex ones once he/she grows up. Children is very easy to distract so make a way that it cannot be distracted for example visual aids that are for kids but bitcoin related or create bitcoin related videos. In that way, the child will learn somehow even just the basics. |
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Hi guys, I have a friend who is determined to prove me wrong in regards to bitcoin. Before I respond to him, I thought I would post what he's wrote to me in attempt to "Stump" me and try to get me to stop with bitcoin. I think it will be interesting to see all replies from the bitcoin experts in here and to get a different reply than mine so I can put together a solid reply back. I'll post his email to me below. Thanks in advance.
"I read a lot of the negative aspects of bitcoin and I'm not understanding why you're crazy over it, it keeps appreciating because nobody is cashing out. Since it's not a government regulated currency to exchange, people are getting robbed left right and center going on these black market sites trying to cash out. I don't doubt you can sell the coins, but now people are afraid to try because there's no legitimate way to tell if you loose your money. People are running ponzi schemes because when you trade in the coins there's waiting periods before you get the "cash" and thats when these website wrap shit up and leave you high and dry. I remember you telling me that you can spend the coins in many natural places. That's isn't here in Canada. There is way too much negativity to support the investment for me. The positives are what's making the coin valuable, but in order for something to go up in value dramatically like this we have to think that it's not being sold anywhere and being the rare commodity that is it will naturally go up due to scarcity.
I really think you're making a big mistake with this stuff like everyone else."
I don't see any sense in the email of your friend brother. The only thing your friend knows abut bitcoin is negative stuffs like that ponzi schemes, because its not government related currency etc. Never mind your friend and don't bother to convince him/her because at first place he/she doesn't believe in bitcoin. There are many people around the world which you can advertise about bitcoin or try to say it to your relatives or to other friends. Maybe they are interested with it. |
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That strategy is the long term strategy but there are many ways to double your bitcoin in a short amount of time like trading, gambling. Buy and sell is also a good way to double your BTC. You just need to have knowledge in the 3 ways.
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How can holding bitcoin will become a greedy? Its not greediness but its a strategy because they believe that the price of bitcoin in the succeeding years is increasing. I don't see any reason why holding bitcoin is a greedy behavior. Its our decision if we hold bitcoins or not.
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Everyone wants to become millionaire lols. Who the hell doesn't want to become rich in this world but becoming rich with the use of bitcoin will take many time to get that 1 million dollars. Bitcoin's price is increasing so it will take less and less bitcoin in order to reach the 1m dollar mark. |
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You posted this more than 4 years ago and until now many said that bitcoin is not the strongest currency in the world and its the same for me too. Its not the strongest currency for me because bitcoins is not being used by many people around the world and the most used currency at this moment is dollar. Maybe you can say that it has the highest value but not the strongest currency. I would pick dollar as the strongest and most popular currency in the world.
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You posted this more than 4 years ago and until now many said that bitcoin is not the strongest currency in the world and its the same for me too. Its not the strongest currency for me because bitcoins is not being used by many people around the world and the most used currency at this moment is dollar. Maybe you can say that it has the highest value but not the strongest currency. I would pick dollar as the strongest and most popular currency in the world.
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If bitcoin will be used as our daily payment is it possible that schools will be accepting it as payment for tuition fees? And if it will be accepted they need to teach the students the use of bitcoin and give the knowledge to use it and how it works.
I think there will be a time that bitcoin will be used as a daily payment and in schools but it will only used if the price is not as volatile as today. As we see, day by day more and more are being involved into bitcoin and they want bitcoin to be used in their countries. Regarding to your question, yes it is possible that it will be used as a payment in school's tuition but to be taught to the students about bitcoin is I think not necessary. |
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I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?
Bitcoin is an asset but not just an asset but it can be classified too as a currency because as we can see now, many things have been bought with the use of bitcoin. If fiat money is used to buy things anywhere then bitcoin can be used to buy too, although not all can be bought at this moment. |
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