These are good news for us too, because if there are investors like this in the current bear market, perhaps there are good prospects for re-launching. Let us remember that wealthy investors always have more information than outsiders.
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Also I am convinced that the time will come to pay the taxes on the btc. I hope that the government understands the difficulties of this market, the risks and the time needed to obtain a result and decide for a fair taxation.
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I do not believe in the disappearance of banks because of the btc. Banks make loans, advisors, securities placement, and so on, all activities that will not be lost due to the presence of the btc. Perhaps only their role as intermediaries in payments will be reduced.
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The blockchain is becoming very important for its potential to create a decentralized and absolutely unalterable accounting register that can ensure the regularity of transactions, procedures and contracts. Its survival is not linked to the btc. Even if a government banned the btc no government will ever ban the blockchain.
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It is very complicated for the profane. When they ask me about the BTC and I tell what I do they look at me as if it were a game like role-playing games on the internet or games where you earn tokens to spend in village festivals.
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The btc is more an asset than a currency because it has many drawbacks, first of all the high value. Imagine taking a coffee and paying in btc. The price would be a very small decimal. Then it is too variable to be used effectively as a currency.
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I tried many times to explain the btc to friends and relatives but I never managed to make it clear. When I explain the mining they think of the btc as if they were the shells that you find on the beach and almost always tell me that they do not trust a currency not guaranteed by the state.
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Most of the BTC users are firmly convinced of its long-term growth and do not believe the disappearance of the btc. It is useless to ask. The answer is simple then; if the btc goes down I buy and hold!
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Users of cryptocurrencies fear that poorly informed governments can only be attracted by the negative aspects of the btc such as the possibility of tax evasion or the criminal implications of anonymity. If not well understood these aspects could lead to a prohibition of the btc or to the enactment of repressive laws.
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We do not like to admit it, but we must recognize that the bitcoin for its anonymity and for not being a state currency is very suitable for criminal use. But it is up to the law to combat the criminal uses of an instrument while protecting legal uses.
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In investments there is nothing that can be called crazy. There have been and there will always be investments that seem crazy that then made the fortune of those who believed in it.
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My tips: 1) do not listen too much to the predictions; 2) do not worry about the fluctuations; 3) pay attention to your private keys 4) diversifies the investment 5) invest only as much as you can lose
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Only a thousand people do not seem to me a representative sample. The small difference between cash and cards and the high popularity of cash makes me suppose a sample of older people. Good result of virtual currencies anyway.
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If someone talks about the limits and risks of the btc I can also agree. But if someone says superficially that the btc is the biggest scam of the century, perhaps without even having been properly informed, it seems to me nonsense.
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I would like all the work done, the trading, the investment strategies of these years working with cryptocurrencies were useful for me to buy a house.
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We are not joking. It is true that cryptocurrencies have given new opportunities to gain to many people but poverty is a very different thing.
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Wounds such as terrorism and organized crime do not look favorably on phenomena such as cryptocurrencies that make it possible to move large flows of money into anonymity.
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In my opinion, not everyone can invest in btc because it is not as easy as it seems. There are many things to learn and you need to be familiar with English, IT and markets.
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In my opinion, investors should not be afraid of the rules. Indeed, some rules are necessary to avoid scams and protect those who invest. If the market does this step, the BTC will soon start to rise again
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I think it's very difficult for the btc to die anywhere in the world. It could happen only for a worldwide prohibition (and it seems impossible to me) or for a total loss of trust (and it seems unlikely).
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