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Bitcoin being into Uber makes it more popular, as it is one among the most popular cab service that is available around the world countries. There are corporates who are with plans of making their own token for their needs and circulate around the world countries.
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Making your grandma understand about bitcoin is a good thing, in the upcoming generations this will be commonly used by more users. Anyhow putting all her life savings were gonna benefit her grand children's as the price growth after years will be tremendously high overcoming the obstacles that gets in between.
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I haven't come across lot of bitcoin exchanges. But I have started using localbitcoins for the conversion of bitcoin to fiat through different traders who have been listed to the trading page. Here I have found traders with millions of USD that can be provided for the users who exchange bitcoin for fiat.
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In the ongoing week the price of bitcoin has got decreased several times that too in multiples of $100. Here the risk at precisely entirely dependent on the Chinese market and also the panicking situation won'tast long, because the price decline is happening with the entire cryptocurrency network not only with bitcoin and few other digital currencies.
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Whatever you do just don't listen to anyone about their suggestions to pick a good coin to invest, that's why I'm not going to suggest you anything.
I need to warn you, do not check coinmarketcap for prices because that's when you get in deep thinking wow so many coins with so much money on
Every one of them but that's the trick in crypto. I have mainly invested on Bitcoin and a few altcoins which are in top 20 list but not because of their
Rank but for their potentials mate.
When it comes to altcoins, one needs to select studying the market. Should not go upon others suggestion. When it comes to bitcoin we can suggest it to the users without any thought of upcoming events, because till date even after price drops it has grown high. |
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Bitcoin will last for a longer time period, because with several calculations it's clear that bitcoin last more than 100 years. When this becomes reality the growth will be enormous reaching a bigger price point. No need of any discussion about the long lasting, because even when the mining gets stopped the mined coins keep on circulating to create a value.
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People need to be confident, but should not be over confidence. This will be serving as an issue not only with bitcoin, but the same thinking prevails throughout. So as mentioned invest what you can afford is the right pick than just on over expectations as well over confidence of trying to express themselves high.
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None can deny the fact that China is one among the core up holder of bitcoin. The reason is that bitcoin keeps on growing high in terms of adoption in large scale compared to the other countries. At present after China, soon Japan will become an major upholder due to the legalized usage with government acceptance.
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I think you should hold because as we all know that the market is too volatile and have a long patience. And put in mind the rule of buy low and sell high. Remember patience is a virtue.
when we can achieve patience when we find a considerable loss during trading, that's where the patience becomes proof. that everything is done with patience. can guide us to the path of success that we will achieve With bitcoin patience is a must and it requires a long time to be held or saved to grab the right profit percentage. Losing around half the percentage in terms of investment never happens in a short as well experienced users have alternative plans to overcome loss than quitting. |
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With bitcoin each and everything happens in unexpected time, here too the same has taken place. Now as a whole the entire digital currency has got a fall in price and this is not because of panic or some external forces. Just based on the supply to demand variation has caused a fall which has coincided each other with several digital currencies.
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That's something big. The only solution for the particular situation that came into my thinking is, to find a person who is a citizen of the particular nation. Here, now make the purchase of the specific product you were looking for, and as the person to help shipping for you. This will surely help solve the issue.
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If $1000 is the marginal price for a single bitcoin and if the price continues to trail around the value of $1000-$2000, then it's possible to think about bitcoin going lower to $1000. Looking at the current price we're far away from that, and this will never make the price to go down to $1000, until something worse happens.
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While selling all the factors that need to be considered finally depend on a single factor, which is the necessity of selling. If that's an immediate requirement and no more compromise or an postpone in the plan it's good to sell unlike the price. Else one could fix certain target price to be reached and need to sell at that price point.
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This is far apart from innovation. Bitcoin as an investment asset holds different value based in the usage. Specifically. Just through the blockchain technology bitcoin has got grown and reached such a position in a short time period that none expected during the early days of bitcoin's existence.
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I've heard there will be a ETH hard fork this coming September. Depending on how it goes, It would be good to hold your ETH since it might go up after the fork.
Yes, Eth have been gaining more popularity similar to bitcoin. The ongoing year is good for bitcoin as well Eth, with ETH the tremendous growth keeps continuing. At the beginning it was termed as a temporary pump, but the price has been increasing with good adoption and lots of ICO's functioning on the same platform. |
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If you feel Bitcoin is worth it, just get out of your job, is not Bitcoin alone enough can even provide extraordinary income  But! Think first, Is Bitcoin going to last long until our children and grandchildren  As the user who have stated above, the long lasting of the cryptocurrency network needs to be known before going full on bitcoin leaving the sustained earning got through a job. I prefer investing everything into bitcoin with trust and withdraw the profit after holding for a certain time period. This will let us have a stable living even if we go full on bitcoin leaving the job. |
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Both has got its own value. In the same way the origin too depends on various factors. Bitcoin is completely dependent on technology and the adoption, so more the adoption more will be the growth happening with it. With gold it is purely value backed system which is of commodity value.
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Bitcoin have got endless possibilities which is true. At the beginning bitcoin was considered as an storage token and slowly it got used for illegal transactions and for gambling. Soon the potential outburst took place and slowly it got multiple usage as investment, payment source and so on. So the possibilities keep going as the technology can be used based on requirement.
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Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
For me, you can do both. You can spend bitcoin as well as rsrning it because if you are a responsible bitcoin people you must know how to use your money in very good way not just buying things eventhough you don't need as well as earning, you must know how to earn a lot of bitcoin and what is the bestway in earning so that you have good income. i agree with you. if we can save, its good for us in future and beside that, while we are save, we can spend it for buying something we want like buying food, drink or else. but we don't need to spend for buying stuff that is not really necessary. it is our jobs and our responsible to manage our bitcoin so we can do both like above me said and in future, if bitcoin price is increase while we have a lot of bitcoin, we can cash out to buy something bigger with that money. Not just financial management is important. But managing bitcoin is also important. If you have some bitcoin of course first allocate most of your bitcoin you got in storage/saving. Because this is the most important thing for your future. Then allocate a few percent to grow, and the rest is possible to spend Well that's true. Make a better calculation and diversify the number of bitcoin. This will let the user have a good profiting and benefits using bitcoin. Just hold certain volume into cold storage as a long term asset. With the rest try to make the best profit as based on the investment the user gets profited. |
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Such a calculation about the amount of bitcoin exchanged to fiat is not at all possible. The reason is that the exchanged bitcoins never goes into a reserve. If that happens we can calculate with the total available including the reserve to the currently available bitcoins.
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