I think the harder it is to get, the more valuable it becomes. And talks about regulation, how is that possible for someone to actually control it? The idea behind bitcoin principle and creation is not for it to be controlled by anybody. They will just have to shut down the internet in order to do that. And even if somehow there is a way to regulate, can somebody ensure that it will always be fair and done in the best interest of bitcoin
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bitcoin being the first crypto holds the advantage just because it is the first coin that people ever know about. Meaning also that the community built around it is strong. And also it is the trust here that I'm talking about. If you browse in google and just typing the keyword, you will see the numerous search results that comes up. Here it is about the "name" and "branding" which it has established over the long period of time.
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Essentially we need to encourage people to spend and spend so that it becomes a norm. Eventually one day when the mining reward is gone and the network will depend entirely on fees alone to survive, it will become a big problem, because people will continue with similar trend and hold it idling in the wallet.
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http://www.google.com/doodles/aboutCool idea. I think we can certainly try submitting to them. I mean it's basically free promotion. I bet if bitcoin really does become mainstream one day, they will probably do it on their own without us asking them to. I can imagine the 2 "o" on the google word will be replaced by the bitcoin logo.
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I like bit.social as the name sounds brandable. Maybe you can come up with something similar like a facebook concept. Get a script and run it on the site. The hardest part would be on getting traffic because you will need to have a good reason for people wanting to visit and then going back there. Something like setting up a meeting place for bitcoiners around a local area and then pay in bitcoins for active participation.
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300 seems to be big psychological level for now. If that level can be breached, I'm sure it climb up further very fast and even reaching 350. Right now, hanging on to the 290 level while the market is still waiting for a firm direction. I know a lot of people are betting on a dump but I just feel that anything is still possible from here. maybe we'll see just the opposite.
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I think when there's a good deal whereby the sites offer discount if paying in bitcoin, then just pay in bitcoin. Hodling on without spending might not be healthy towards the economy as what most people would think. Ideally, it would be to spend and then buy back whatever spent to cover that amount used up.
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I supposed when bitcoin is accepted globally as a payment currency, it doesn't really matter what you want to use it for. But anonymity purpose, it would be useful considering you have the option to conceal your actual identity. But somehow those sites also prefer their customers to use credit card, because they can do a recurring payment whilst if you pay with bitcoin, they can't do the same.
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If there are people willing to pay using fiat to acquire 50000btc, so what's up with the 4500 ask wall. It could have been easily breached. Rather than a trend reversal taking place, probably what we might see is some correction that cause the price to retrace to about 280 before it will start to resume the climb.
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I think before we are talking about adding so many zeros and worrying about such a thing, it would be more sensible to talk about whether and when will it ever go to 1000. I'm not denying that it could never happen as anything is possible with bitcoin, but would just like to be realistic for now even with the slightest possibility
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Haven't really decided yet. I do spend my bitcoin while I keep most of my stash in cold storage rather untouched. Unless there is really a change of event that requires me to spend due to shortage of fund or some circumstances that forced me to, basically it will just be there. Holding on tight for now
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I'm fine with having the private key engraved on a piece of metal and then store it like what you normally do with paper wallet. That relates to the ad posted earlier on this forum. Therefore, even though that doesn't qualify as being creative, at least you don't have issues such as house getting burned down or ink faded away that cause the private key to be lost forever.
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10 years is quite a long period of time if you are talking about commitment in asset investment. I would say I'll divide it between 50-50 portions holding onto both. There's no such thing as putting all your eggs into one basket so diversification is the key. If I have the option to select, I would like to make stock and property investment as additional options.
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Bitcoin is actually independent of fiat. It doesn't need fiat to survive nor it is reliant in any way to fiat or any currency for that matter. It is us, the user, who have been all these while trying to associate fiat to bitcoin as a means to gauge the value and performance of bitcoin. And definitely we do not need in any way to take over fiat. If you get what I'm trying to say over here.
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From what I read, I think they are more interested in the blockchain technology rather than bitcoin itself. Since they didn't reveal into detail what they are up to, I supposed it has something to do with another altcoin? No...Or I see creation of new database to support some products that is also based on public ledger, either way, still has nothing to do with bitcoin.
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Just because it can be stolen doesn't mean it's bad. Even the best and most ideal currency can be stolen. And on the anonymous part, it's supposed to be good. Not because of the reason that it is related to criminal activities, but because us as a user has the right not give away your personal information so easily on the internet. If you use credit you will know what I mean.
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That highly brandable domain itself must be worth a lot to purchase. This shows they are really serious and committed to develop the business which is good. What concerns me is the kind of service they are providing which I think is more towards interest earning kind of thing that pays you for depositing your fund with them.
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The 300 mark is a psychological barrier As are all round numbers That said if we do break through it we might be able to go a bit higher than that perhaps to 320
That's the whole point. It is a barrier that hasn't been broken for over a month or so. I don't think it will last long though. Let's be positive if it can break this barrier, there's bound to be further upside coming along. I think a lot of buyers are buying based on trending and if they see confirmed signal i bet it's going to go up very fast. And if that's the case i see the next target level at 350 reachable
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While a lot of people would say 3 percent is outrageous, if you look at overall picture, it is still far cheaper than any of the money remittance services. Before bitcoin these people have no choice but to use whatever available sending options they at have at that time, and judging by what they earn it's a pity that a large portion ends up in another person pocket.
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Well any individual can create crypto so why not they? Question is whether they want to in the first place. Probably it won't be something decentralized like what bitcoin is so it will be centralized and that there's always a form of control. Again in the end i don't think that they will ever need to do this.
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