It's a known fact and we also can't deny the fact that the Darkweb in general give a boost for Bitcoin price . (Silk road for example)
Its a well known fact as quoted above. Now bitcoin has made their accessibility of large amounts very easy without much complications. Bitcoin is the most surviving crypt, So its much used in dark web. |
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If world war 3 breaks out by some chance, bitcoins survival will depend on how the war is going to effect the internet and the people using the internet.
As bitcoin is completely depending on internet, the cyber distractions will affect the growth of bitcoin. But I don't believe world war 3 will take place. |
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It can be tracked a complete identity can't be found about the person viewing the content.
Some people love to put their BTC address in Personal webpage or blog with a domain name without privacy protecting service. This is absolute fail in Privacy protecting. So it looks to be a drawback. Any solution to rectify such privacy issues. To be true if someone tries to track a person, it is possible to find with some risk. But I don't think websites keep tracking of their users. They wont track any user who goes to their site just like in using credit card,why would a site want to trace their client would it benefit them in case they do that. If tracked the anonymity of the user is lost. This seems to be a privacy loss as quoted by Vika NSFW. |
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It can be tracked a complete identity can't be found about the person viewing the content.
Some people love to put their BTC address in Personal webpage or blog with a domain name without privacy protecting service. This is absolute fail in Privacy protecting. So it looks to be a drawback. Any solution to rectify such privacy issues. To be true if someone tries to track a person, it is possible to find with some risk. But I don't think websites keep tracking of their users. |
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Up to now I am still looking for electronic shops either online or physical shop in the locality where I can pay bitcoin without converting them into fiat thru exchanges..
Now its very hard to find one shop which accepts bitcoin directly. Even if you find some online or physical store its difficult to get the product you wish to purchase. Its better to buy with real cash and save all bitcoins for the future use. |
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From few of the above quotes, its clear that the transactions were not anonymous. It can be tracked a complete identity can't be found about the person viewing the content.
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Understanding the tactics in trading itself takes time, After which small trading can be initiated to experience how much is the profit and if satisfied with the earned profit then can extend to higher trade volume.
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In certain countries women has the more responsibility in family in terms of making economy as well taking care of the family. There women are the wealth makers which makes them feel as a boss and treat men as their employees. This creates quarrels but I don't believe beating is done. Its not common over every place.
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That is hard to say, because you never know what will happen with the value later and that is the problem.
It is a currency so you never know what will happen and that can be quite risky. But I think it will not rise after the halving.
I too feel the same the price will give a big jump on halving. After the halving the price won't continue to increase. We can make speculations but we can't exactly fix what would happen on halving. |
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I think before make trust in Bitcoin everyone should have to trust in Cryptography technology. If we understand and believe in Cryptography then we must have to believe in Bitcoin.
It has great future if we trust in it. And it brings world more closer and will take to new level of exchange/trade.
Well majority here trust and believe in bitcoin because of the price. Even you will told them the technology behind it, it's just a piece of paper.  Its not just a piece of paper. Its very vast and everything has been simplified to a piece of paper. The technology used in backing of bitcoin is not simple as you say. As you said people believ and trust because of the price. It has to be changed to believe based on the technology. |
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Fiat still works and I am still using it on a daily basis, so yes. Until bitcoin can be used as easily, conveniently as fiat, then it cannot replace fiat. So I still believe in fiat's purchasing power but I do not know how long it will last. With the emergence of bitcoin and other cryptocurrencies, fiat's future is bleak.
agree with you I'm also still using fiat I have to believe in the fiat thats why I always refused if a lot of people talking that bitcoin will replace the fiat. I think we could use both I using bitcoin for option and if I do not have money or not payday. I rely bitcoin  Bitcoin users always in a situation to accept fiat even if they are not interested to make transactions with it. This is because only part of the people believe the digital currency, others don't believe and this continues even when bitcoin reach great heights. |
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
Maybe ~ BTC200 Depending how much you spend right in your retired years. I'd probably want 50 btc if not more lol. Cause more never hurts, if anything it just makes you able to do more things. Yeah and we should be also prepared with worst scenario we might face if the value is low in future so its always best thing to hold maximum number of coins. Well said if we are in the best side no matter what happens, with the increased price we can have a good life, but its really important to consider the worst scenario and get prepared to meet it. I believe we can be prepared but such situation won't happen. |
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Getting rich is not just a thing you can become in my opinion, you will have to work hard for it and if you want to do it with the bitcoin you will need a lot of time.
The fact is that it takes some time to succeed it with the bitcoin, investing can already be a start because the price can jump to a higher amount.
Much hard work is required as said by above mate. But the important factor is time, if planning to become rich the only hope is trading. To become a trusted trader it takes time than what we predict. |
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The major reason to become a global currency is, every country has its own currency but bitcoin is a currency not for a separate nation. Its developed for the usage of entire world population. So in future it will be named the global currency.
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-snip-
Halving is expected to give assured profit. As said now price is rising slowly, but at the days before halving we can expect a price fall.
No, at least at that time we don’t have to expect that the price will fall but at that time the price will be at its peak as at that time no one will be ready to sell any of his/her coin and so people will try to buy at any available price to be benefited with halving. No need to waste all of your money before halving. You can't be sure that price will icrease so much to get instant profit. Better to hold your money for unexpected situations. We all of course hope that it will be more worth in the future. And that we can make some profit with it. But you never know what will happen with it and that is the problem. I hope that it will rise of course in the future and that we can later sell it with some huge profit. waiting till halving is good decision, so hold it now and sell when the price is higher at the time of halving, but do not hesitate in selling at the halving time. Everyone are not earning it as a revenue, Some are making it as a collection for the future comfort. So its better to hold if there is no requirement of physical money at the time of halving. |
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i suggest to you for invest bro, you must thinking about long-term profit.
If you are going long term with bitcoin,it would be nice to keep it, but if it is money, better invest it or you will regret that after few years, your money's value seems smaller... In any investment if you want to profit a lot even if its short term or long term you need a lot of capital. The value of money is getting smaller and smaller so you need to a lot of money now to save your future. Saving cannot take care of us in future as we also consider the inflation rate, but if we invest then we can have good returns in future with higher profits. Thats not true, because investment depends on the market value. Saving just give a assured return with a limited percentage as interest. |
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Cashless world as mentioned in the document, it will ruin the poor and the growth of small scale traders. On the whole the technology will make changes but it should be developed in a equal manner to reach all.
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The future of the paper money is pretty bad because everything is gonna be digital so that is good for the bitcoin but bad for the paper money.
Its of course also a matter of time before this will happen.
I dont agree with you. There are lot of people who are not that intellectual to use a digital thing. Yes we are in a high level of technology. There are many of us who know it buy not all of us. As said only the people who have trust will buy, others will just understand it but as they don't have trust they will never be a part in the technology but will continuously do research on it. |
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Doubling your bitcoins can be possible but its not as easy as people say of course because there are no methods to do this fast.
And its also the fact there is no methods to do this without any risks.
Exactly it has got various methods to earn it fast, but nothing can be earned without risking. The best example which can be taken is gambling. It gives fast earning, but high risk involved. Yeah and people who promises you to double you coins in quick time are frauds they want to steal your coins, so we need to aware about those too. Absolutely thats true. There are lot of frauds who attract newbies with increased or short time earning which is highly impossible. Each and every user needs to be aware on such usage of their hardly earned bitcoins in gambling. |
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Explained to a friend and he understood. But when he tried to explain to his friends, the initial question he got is Do you believe in such a technology. So people need to know about the digitalization of the world.
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