it is a nightmare of every purse holder, and if until it happens then the same you lose your wallet and bitcoin you have. there is no alternative way to recover your wallet. because the only access to your wallet is just a private key.
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in Indonesia there are only two atco bitcoin sites in bali and in jakarta, and even then it is no longer exists. because of government policies that prohibit payments using bitcoins.
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I strongly believe blockchain will still work without bitcoin, but bitcoin has a very important role until blockchain can be in place right now.
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I think many governments are implementing regulations for users as well as bitcoin exchange providers, and inevitably, people have to abide by the rules.
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I think hacking is common in the digital world and it is a risk to exchange if they have to lose to reimburse the cost of losses experienced by investors and traders. But I think the losses they have to pay are nothing compared to the profits they earn from the exchange they make with the traders and investors crypto money.
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Some of them make the writing disappear just to attract people's attention, but if you think using your conscience, say it's not luck.
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What rule do you mean? What are government regulations? I think no one can give a rule against bitcoin even though it is a government or a big institution. If what you expect is security for holders or bitcoin users, I think the main thing to note is the security of your personal wallet key. Wise responsibilities and thoughts are also required for every user and bitcoin holder to avoid abuse and crime.
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Do you see, when bitcoin down then the value of altcoin also come down. And if the bitcoin values move slowly, altcoin will also move slowly. Then why do people say bitcoin die? Do they think if they say bitcoin die, altcoin they can replace bitcoin? Bitcoin is the axis of all altcoin and crypto worlds, if they want their altcoin to rise they should support bitcoin rather than damage it.
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You are right, the legalization of bitcoin usage as currency by the Thai government will have a good impact on their source of income and the development of bitcoin itself. The use of bitcoin as a means of payment in Thailand has long been done, but only this time received official approval from the government. Some places in Indonesia are busy visited by foreign tourists also support the use of bitcoin as a means of payment. Although some time ago bitcoin has received criticism from Bank Indonesia, but in the end the Indonesian government says that bitcoin is part of the technology that needs to be welcomed. If more countries support the use of bitcoin, it is not impossible for Satoshi's goal to make bitcoin into the global currency will be achieved.
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I think most anti-virus software is not working properly, the anti virus only cleans the built-in app from a computer or phone but can not clean up viruses contained in new applications that have been downloaded on your computer or phone. As with any virus that attacks the Messenger facebook app, even if you have anti virus on your computer or mobile phone, facebook still has to go in to clean it yourself.
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This is just a rumor, China does not really close their mining and to date, China is still the country with the largest bitcoin mining location. But if one day it will indeed be done, I think it will be good news. Because if they stop mining, the amount of bitcoin will be limited and the amount of bitcoin in the market will not be equal to the amount of demand, which means that bitcoin value will become more expensive and this is much better than pumping.
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I think not, bitcoin seems to move slowly because bitcoin has soared and fallen. So even though bitcoin moves, people will only see it as slow motion because in fact they can not wait to see the bitcoin soar again. Altcoin can continue to grow but most of them just pump and die.
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I think it's much better, the use of bitcoin in real life is much more important than pumping the bitcoin itself. The central bank in India prohibits the exchange of transactions using rupees, but the Indian government gives freedom and supports the use of crypto money itself. This means that people in India can freely use bitcoin and other crypto money to do business in a peer-to-peer manner, but require a lot of merchants to receive payments using bitcoin directly.
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Not everyone who buys bitcoin thinks of doing HODL and pumping, a lot of people buy bitcoin for them to spend in cyberspace. Like gold lovers, not all gold buyers make an investment to make a profit. They also buy so they can enjoy their beauty, even some of them are willing to lose a lot of money even though they have to buy at a high price.
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People continue to blame whales for causing drops in bitcoins and pumps, but the real cause of the damage is the greed of people who continue to pump bitcoin value, when in fact they know that bitcoin is not an investment tool but bitcoin is made as a means of payment. And those who are constantly HODL, as if by holding and not using bitcoin as a means of payment, they can get everything. whereas, using bitcoin as a means of payment equals to maintaining viability of bitcoin.
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Bitcoin and banks will not be able to work together, I think the bitcoin feature has exceeded the bank but the difference is the uncoupled bitcoin system.
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Bitcoin includes all the advantages you mentioned above, bitcoin is also always superior to altcoin. Bitcoin is a transformation of payments for a better life and I think everyone expects it.
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If you think that bitcoin is not safe if used as currency because bitcoin does not have a central setting, maybe you should go back to a stone age that can only make payments with barter. You say it as if you cornered bitcoin and say that bitcoin is not much better than paper money. Can you think of the banknotes we use every day, and credit cards are worthless things that are conjured up by the bank used to deceive us. Do you know banks prefer to hoard our money with gold, and banks never run out of gold reserves.
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LOL, but maybe this is the fact. People continue to race for profits by selling their bitcoin panic and then jumping out of the market. Trying to save themselves without thinking that in this way they will worsen market conditions.
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For now nothing, although one day there will be banks that accept bitcoin as a means of payment. I think it's not an improvement. People can safely store their bitcoins in the wallet, storing the bitcoin that dibank will only make the bitcoin accept centralized rules from the bank and this is in stark contrast to the perr-to-perr bitcoin system.
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