After my first encounter with Bitcoin, I came to know about other Altcoins such as Ethereum or ETH. It's fairly almost as popular as Bitcoin. Then after some research, I discovered others such as Litecoin and dogecoin. There's a lot more but I only remember these. I stumbled upon these other altcoins because they were starting to become popular, and acclaimed users have been saying that they have advantages which Bitcoin doesn't have. I haven't tried using any of them yet but their growing popularity has started to interest me.
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This is unfortunately true, even now, the adoption of bitcoins didn't reach the critical point enabling a person to actually live just with it, you would still need to exchange it to your currency to get the most use of it. There are things being sold for BTC and you can buy them but there are things which aren't and are needed to live. Even food, if you don't buy a gift card with bitcoins, you would need to search for hours for a physical shop/resturants which is hard.
This is true, the adoption of Bitcoins should advance more so that more Bitcoin users can use it with ease and convenience. In my country, the Philippines, our local wallet allows us to transact and pay bills directly. The high fees is a hindrance for users and Bitcoin should be more accepted in the market to allow more establishments and users to have it as a payment system.
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i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically. what is your opinion? If you spend time analyzing the charts to prepare a trading strategy for the upcoming moves, that can be time well spent. At least if you actually stick to your analysis and follow through with your plans. If you just stare at the charts and start second guessing yourself at every minor move... that's time wasted. As much as possible, don't make decisions based on your emotions. I agree that staring at the charts for too long may make you start to second guess and may even lead you to make an impulsive move. Set a strategy, plan what price you want to sell and just check the price from time to time. Spending too much time staying on the charts may stress you out.
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Are there many Bitcoin users in Germany? This sounds really cool! Wish there was something like this in my country. How exactly is the Bitcoin payment process done? Is it directly paid via their local wallet? I hope there would be more innovations like this and that Bitcoin would be accept in more areas. Its amazing to hear that different countries and food chains are now accepting Bitcoin. More power to cryptocurrency!
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Cool analogy, but I feel like there is more acceptance of Bitcoin in society compared to e-cigarettes and it is less popular. It's true that more and more countries are now starting to recognize the presence of Bitcoin and cryptocurrency. I do not understand what are the "divide and conquer tactics" being done. So far, I've seen good promotion and awareness for Bitcoin and cryptocurrency. It's a slow process but Bitcoin is increasing popularity little by little.
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Sounds interesting. It would be useful if college students were educated on cryptocurrency, but I can't imagine it to be a course in itself. Perhaps this could be included in finance, economics or business classes just to be able to raise awareness to the students. In my college, not everyone knows about cryptocurrency or Bitcoin, although some theses were done on Bitcoin.
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I hope this would spark the interest of many instagram users out there and would pave the way towards better popularity of Bitcoin and cryptocurrency. This would lead to more users and more establishments into using it. Perhaps we could have instagram campaigns, to have more widespread coverage for Bitcoin. Bitcoin ATMs would be so convenient for the users and I hope there would be some in the other countries as well.
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If I planned on buying some coins today. Which would be the better long term investment, and why?
Bitcoin is very good for long term investment because it's more stable compared with altcoins and tokens. There are also some promising altcoins which could give you more profit than bitcoin. The problem here is finding the right altcoin because there are tons of them out there. If you want to be in more safe side, you can choose bitcoin or you can diversify your money into bitcoin and nice altcoins like ethereum, waves etc. This may be the best answer, because I believe Bitcoin to be the most stable cryptocurrency as well. Its the oldest, the first cryptocurrency that has emerged and is the strongest. Perhaps you could opt to invest on a little of both to test out your options. Some of the altcoins have shown to be promising but for me, it would still best to first learn a lot about the altcoin before planning on buying or investing.
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Bitcoin is in many ways different compared to gold. First, gold is tangible as bitcoin is not. It would then differ as to how one is better than the other, depending on what terms. People however would tend to rely and have more trust on gold because it is stable as compared to Bitcoin. As regards to their use, I think Bitcoin is better because of its convenience and accessibility.
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I think that Bitcoin or cryptocurrency would be of interest to anyone regardless of their economic status. If I were rich, I believe that Bitcoin would still interest me not for its value or as a means for getting richer, but the amazing potential of the cryptocurrency would be of interest to anyone. If I were rich, having a lot of money would allow me to invest and experiment with Bitcoin.
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Perhaps try to limit the number of times on checking the price, because it'll inevitably fluctuate and add on to your stress. As advised by the other traders out there, it would be best to set a goal or price for you to sell and to hold on to it. Try to get your mind off of it sometimes. It seems to me that you've been thinking about it too much, to the point that you dreamt about it. Always think positively, and when you feel the stress just try to relax.
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I believe not. Cryptocurrency is far from taking over banks, and they are probably issuing warnings only for the security and safety of the general public. Banks are still known to be secure despite the high fees, and I believe that people still trust and prefer to use it. Banks, however, should keep up with the pace of the advancement of cryptocurrencies and provide opportunities to the users.
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There has been a lot of controversy as to who Satoshi Nakomoto is. One of the theories is that the name "Satoshi Nakomoto" came from the meaning of Satoshi which is "clear thinking, quick witted, wise" and Naka meaning "medium, inside, or relationship" while Moto means "origin or foundation". Another theory is that Satoshi is a mere pseudonym used by some or more computer geniuses.
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This is what happens when there is a crisis, like the bank runs in the past. People tend to panic because of their fear of losing money. They always go for security. People who are into trading should instead utilize it as an opportunity - for them to buy low, then sell high. That's how the market is. It is truly amazing how high the profit is for those who invested and bought bitcoin at a low price, because the price now is at an all time high!
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I wouldn't suggest that. I don't know how old are you and what experiences you have but without steady income is hard to live. And Bitcoin is still too risky and uncertain way of earning that you sometimes can't influence on. But on the other hand if you don't have any financial obligations and still are very young you could try, nothing to lose.
I agree. I only treat Bitcoin as a means for side-income. Some people quit their jobs to focus more on Bitcoin but it would still be advisable to have a stable job. Its hard to predict the future of Bitcoin so you can't say for sure that you could solely rely on it. There's no harm in engaging in Bitcoin jobs and investing on Bitcoin, but I would still advise for you not to be too fully dependent on it.
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Only 3 days before the token sale, I'm very excited! This project has a bright future. Good luck, EVEREX!
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Retailers will accept Bitcoin once its popularity rises. If there are more users of Bitcoin, the retailers would have to adjust to them in order to cater to their consumers. Right now, only a few retailers have adopted the cryptocurrency. Its a slow pace but I think that Bitcoin would eventually be adopted as payment system in the mainstream market. Perhaps once technology has offered an easier way for convenient and hassle-free access, this would pave the way towards the acceptance of Bitcoin.
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Bitcoin is a great for side income, this can be a temporary solution to your sister financial situation, but they should looking for a permanent job, we don't know how long Bitcoin can survive and Bitcoin price keep on changing, and the good news is after you got the job you still can earn with Bitcoin as your side income
I do agree with your comment and I believe that it is necessary for people to have a stable job and not just focus on bitcoin. Though if you are lucky with bitcoin you can be a millionaire in a short span of time but believe me that when problem occurs online or you got hacked you will lost everything. So for me it is nice to have a stable job and bitcoin both at the same time. But if you are really unlucky to find a job and you have nowhere to go then join bitcoin and earn online. I have the same thoughts. Bitcoin may not be that stable enough for one to rely on it. Although there are some Bitcoin users who quit their job just so they could dedicate all of their time on Bitcoin, like the campaign managers here in this forum. It is still ideal for you to have a stable job as opposed to fully relying on Bitcoin. Don't get me wrong though, Bitcoin is a good investment and can help a lot of people earn additional income.
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I think that Bitcoin is not stable enough for people to rely on it once a world crisis arises. Currently, people are still doubtful on investing on cryptocurrency and it is not yet that popular. As said by the other users, people would turn to gold once there is a world crisis because people believe it to be of high value. Depending on the world crisis, it may be possible that cryptocurrency would lessen in value or could even disappear.
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Dude. I suggest doing your own research and decide yourself. Don't rely on other people's choices and or decisions. Or maybe look at previous threads here and in other forums, and also on reddit. I've seen too much threads like this to be honest.
I agree with this because it would be hard to base from other people's opinions and predictions, unless they are experts who actually do research. People may say this and that, but it really is very hard to say based on some assumptions. Try reviewing some of the market trends, and from that make a prediction of your own. Research on the upcoming segwit and figure out where it would be best to invest.
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