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Bitcoin reached all over the world, billions of people's using it for trading and investment purposes. Also many people's work on it, they do transactions and also use as payment system. In many countries bitcoin used as exchange for goods and most merchants and retailers accepted it. Also most of the peoples used it as earning source.
Some countries already banned on it, but it is impossible to complete ban on bitcoin.
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It totaly depends upon government of that country. If government legalised bitcoin as a currency and accepted the transactions done through bitcoin then it is possible to do transactions through banks.
When this happen then there are chances to establish digital bank concept, in which all banking processes of cryptocurrency can be possible.
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Hey....Guys
I'm a newbie and don't know about the large investments in Cryptocurrency. But I see This year Bitcoin Price going very high. How the Predictions of 2018? Can I invest in Cryptocurrency in 2018?
Please Suggest me!
You can start investment in bitcoin in small amount, so rather than investing huge it is better to go for small and see. By considering perivious records of bitcoin price, it is predicted that price will again increse in next year. So it is better to invest in bitcoin, that will gives you better returns. |
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Yes, this is the start. Bitcoin reaches all over the world due to its drastic value gain from last few months. Peoples interest in bitcoin is incresing and hence company like amazon which is internet retailer take decision towards flow. As bitcoin is the digital currency and open to all, so it is thread to connect world. So most of merchant and retailers accepting bitcoin.
Thats a great news.
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Bitcoin has many uses like trading, investment purpose, as payment system and for transaction purposes.
Trading is most important use of bitcoin to earn profit, as price of Bitcoin increases day to day, it is good to do trading for earning.
Bitcoin is work online, and it is helping as payment system as exchange of goods. Also you can do transactions from anywhere from world.
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Firstly bit is not possible to centralization of bitcoin. And in case if it happen then bitcoin market will crash, all transactions wiil be taxable, governments of different countries try to control over it by there way and mining, payment syste, trading and investment of bitcoin controlled by every government by there regulations.
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Transaction fees for bitcoin offered for each transaction is much high. Many times fee cost is high aa compared with bitcoin cost which going to transfer. Due to this high fee people's prefer to hold bitcoin rather than use as payment system or other uses. This high cost of transaction is major problem in bitcoin as future currency.
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Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........
As you said it is decentralised, i.e. can not be controlled by any authority. Thats why many contriries afraid to legalise it as a currency. Also transactions did with bitcoin are anonymous, so no one can trace it. Bitcoin doesn't have any physical appearance. Due to these reasones some people's afraid of bitcoin. |
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Now a days in some countries bitcoin used as payment system, so it work as exchange for goods, like a money. But it will not take a position of money in banking. As it has no physical appearance so difficulties in banking transactions. Also it is open to all and doesn't have control of any authority, difficult to come under regulations of banking.
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Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?
Yes, bitcoin started new era of currency. But it is not as easy to earn because it earn maily through mining and mining is not simple and easy process, it required lots of efforts. In some countries bitcoin is already used as payment system, in exchange of goods. |
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Aa we see bitcoin as future currency, so if we pay through bitcoin it must be taxable. Now a days governments of many countries recognized bitcoin as a payment system and they accepted its transactions so these ttransactions may taxable.
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cool and simple image.  Pefect comparison between bitcoin and fiat currency. Yes bitcoin has many benefits over fiat currency but still it has some problems to regulate in common use. Only 21 millions of bitcoin can be mined, also mining costs are much high and hence the transaction fees going much high. Also security concerns due to hacking of wallets. Again not having physical appearance is another problem for bitcoin to be future currency. |
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For me, bitcoin is one of the way for earning. Ya I see it as a future currency, but I started to work on it to earn money.
At the first time I started to work on it, bitcoin really impressed me due its benefits. I realised future of bitcoin and started investment in it.
It fulfilled my financial demands and hence I fulfilled my family needs.
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Bitcoin will die, I didnt think so. Bitcoin is the first ever cryptocurrency, from last five years it grown like a boom with some drops. But still it is number one in cryptocurrencies.
Bitcoincash is also growing, but with bitcoin it is not comparable. All altcoins are depending on performance of bitcoin. So I didnt think bitcoin will die due to bitcoincash. Bitcoin will be at top forever.
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In my views, in next year bitcoin value in market rise to high level and create record of growth. Many people will realise the benefits of bitcoin over other currency. People see towards bitcoin as future of currency and having better returns. So bitcoin price will high and high in next year.
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To make money from cryptocurrencies there are many ways as,
- mining,
- trading,
- investment, and
- cryptocurrency compaigns.
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Hello guys, what is your theory regarding Bitcoin Futures. Some say Bitcoin will dip, some say will double. What say you? What's your theory?  There is no any theory behind bitcoin. It is clearly seen that, bitcoin reaches all over the world due to its decentralisation, and people taking interest in it due to its user friendly nature. And hence value of it in market going high and high. Also legalization in most of the countries is the another reason behid its price gain. As price grows investor's took back there investment from bitcoin, that may be reason for down. |
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Bitcoin is nothing but money, it is provide us all advantages of money. Beyond that it have other most important benefits as,
- Decentralisation - it is open for all, anyone and anywhere from world work on it.
- Easy to work - work from any device from pc and mobile too.
- Anonymous transactions abd
- Transparency - it is clearly indicate status of blockchain.
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Yes, today everyone talking about bitcoin. Jump taken by value of bitcoin is not realistic and peoples suprised by this high rise. And then everywhere bitcoin, bitcoin and bitcoin only.
Bitcoin is digital currency and in todays digital world it has a potential to be a future currency, so people realised demand, many started for trading, investing and do transactions on bitcoin.
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Bitcoins value increases from last few days like a miracle. So it is hard to accept for investors and traders. Growth shown by bitcoin is not still not happened in real life, so these ideal investors have doubt on sudden increase and abnormal behavior of value.
So said lines of these idols is obvious.
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