You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping their wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
For me there is really nothing to worry about because as today this one is really not yet possible and if ever that you are true that in the future only crypto currencies will be used all over the world by that time i guess are not in this world anymore I dont think it would happen anytime.Its only your imagination which you have said.Bitcoin functioning is based on cryptography and it is secure.It is decentralised money and government cannot have control over it |
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I expect that Bitcoin will not be replaced by any other crypto currency untill 2050.After that, it may be replaced by other crypto currency, but still Bitcoin will remain in the market, may not be in the first place
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I wish bitcoin not to be affected. What do you think about survival of Bitcoin?
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I hope there will be a fourth bubble in Bitcoin and i expect it will happen in 2017.If it happens, it will be very beneficial for bitcoin community and more people will start to use bitcoin
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Even if bitcoin had a stable price, it would be still popular because people would use it for money transactions since transaction price is very low. More traders would come to accept bitcoin since risk of loss due to price fluctuations is avoided.
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The kids should be taught first about difference between paper currency and bitcoin.They should be taught how bitcoin works and its importance in future.They should be first introduced to earning bitcoin by Ptc sites.
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Bitcoin was mainly created for decentralisation of money and make people free from banks who charge more for every transactions. It was created in a manner so that no government can control it and people can use it with accountable to anyone
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When i purchase goods online using bitcoins, i feel very happy. But at the same time, i get worried that when bitcoin price goes high,i can get only few profit since i havespent some of my bitcoins
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Yes.Bitcoin can change the economic state of people living in poor countries.You see people in poor countries struggle to earn for their living every day. There, rich becomes more rich and poor becomes more poor.Rich people grab most of opportunities of earning.Poor people stay helpless. If they start using bitcoins, they could change their financial condition and start living a worthfull life.
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The only people who hate Bitcoins will be bankers.Bitcoin is the worst nightmare ever for them.Other people who dont know the potential of bitcoins may hate it.No other can hate bitcoins.Infact bitcoin is gaining popularity fastly all over the world.
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See, Bitcoin is not a quick rich scheme.Hard work is needed to earn through bitcoins.Through signature campaigns, you can earn a little.If you want to earn fast, you can start trading in Bitcoin/Altcoin.But it is highly risky.First try with a little amount.After gaining experience, you can trade with more investment.
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Quantum computing is definitely a matter of serious concern.
It is said that it will break the block chain mechanism.
I think it will take more time to come to reality
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I spend my bitcoins for buying goods online and for recharging my mobile.
I have sold a small amount of bitcoin to buy altcoin.
I earn bitcoin through trading
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If satoshi does such a thing, then the price would go high since there will be a decrease in one million coins to be mined.It would become a great news and more people would come to know about bitcoins,thus increasing the amount of people using bitcoins
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See, first you are helping others by giving suggestions in this forum.
On the other hand, you too learn about bitcoin from ideas of ohers.
For this work, you get paid also for holding signature.
There is nothing to get bored in this.
If you need more interesting task, get involved in trading.
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Just hold your bitcoins.Price has already raised by $50.Prise is going to raise much higher in next few months.Dont get panic and just turn a deaf ear to people who say bitcoin is going to die.
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Trading is good
But better learn the basic strategies of trading.
After you gain knowledge, then invest small amount of bitcoin in trading.
When you gain experience, then invest some more bitcoins in trading.
Hold remaining bitcoin as saving
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There are two things about this saying to be noted.
First point they may be unaware of the Potential of bitcoin
second, they may have missed chances of buying bitcoins at lower prices and so they get jealous of ohers holding bitcoins. So in order to make them panic and sell their bitcoins, they say Bitcoin is dead.
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I hold most of my bitcoin earning as investment and invest few bitcoins in trading in Bitcoin/Altcoin.
Iused to buy bitcoin when the prise goes down and hold it as an investment for future.I dont get panic by people saying about bitcoins.I know the potential of bitcoins and i love to hold it
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Bitcoin has already attained the stage of international currency.
Its usage is welcomed in developed countries.
But still it is mostly unfamiliar in some developing countries.
when those people also start using bitcoins, then there will be a great future for bitcoin.
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