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Bitcointalk Username: Ayiranorea
Profile link:https://bitcointalk.org/index.php?action=profile;u=962135
Rank:Senior Member
Current post count: 1079
Bitcoin wallet address: 1Kiz3UECeFsqxpRg6qUD2SJSTEyKP8M45D
Depotwallet address: NAES77-YRPVQ4-EMDRMZ-CHEENZ-KW3FX5-5GVEU4-VEHS
Telegram username: Ayiranorea
Wear appropriate signature: added
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One of the concerns of governments about bitcoin and its accompnied blockchain technology is the effect of this on the economy. We know that bitcoin uses a decentralized system that the government is having a hard time to trace every transaction. If that is the case, it might have a negative impact on it. The government will just like blind folded in running the economy. Hoping that in the future, developers will be able to think of coded procedures to address this issue.
Agreed, but when it comes to tracing of the transactions it'll be more easier than that of the present economic system. Through blockchain each and every transaction will be transparent, and when everything happens through blockchain automatically the corruption gets eliminated. From my opinion, there are chances that governments around the world opposing blockchain for the same reason. |
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Gold is an historical value based asset that has got a physical shape. With bitcoin this isn't possible, also with gold common people find it an asset that can be used into all sort of needs due to its local availability. The same isn't possible with bitcoin as it need knowledge to make use of it. With this people who have learned about bitcoin won't think of investing into gold anymore.
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At present Jeff Bezos is the richest person, his wealth is known to the world. When someone has got hidden wealth it means those were of illegal or from some sources that were not acceptable to be added to the net worth. In this manner none has got the wealth same as Jeff Bezos to take his position.
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Ethereum will rise higher and will reach the peak price same as that is reached in the past. The price has been found much low at present, which can be considered as the right time to invest. One who has got the patience can profit big out of ethereum in the long run as it takes time to grow and reach the peak value of the past.
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Singapore is one among the country that gives access to the digital growth. Also when considered about cryptocurrency, more and more firms function head quartering Singapore as it provides legal support as well has got a large cryptocurrency user community when compared to many other countries in the world.
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Always prepared for the worst will give a better way to profit out of the same, because when one expects big and gets destroyed when the expectation didn't happen as predicted. At the same time ready to meet the worst scenario will keep the user prepared and by that time when price grows big the benefits will be big.
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Mining is done mostly on the regions where electricity is available for less price. As the price has fallen low with the increased difficulty the profiting through mining isn't possible on regions with high electricity price. Here environmental damage is there, but the same can be eliminated through the usage of renewable energy sources for electricity production for mining needs.
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We cannot pin point ethereum to be the cause for the downfall of the market. To my knowledge majority of the altcoins and tokens were developed over the ethereum smart contract platform. Upon this, the impact on ethereum will get reflected over the entire cryptocurrency network. This is what happening and possibly the recovery will be taking place soon.
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Common public who doesn't have a proper knowledge about bitcoin easily accept the information that were spread around by the banking networks as well other financial institutions. It is easily understood that money laundering has been taking place long ago and just because bitcoin provides easy access it doesn't mean that bitcoin is the cause for money laundering.
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Trading is the one through which one can make a bigger earning, lending is high risk involved because the process is completely upon trust. If an user plans to cheat automatically the loss will be massive. Lot of bounties were available, but very few pay good while majority go as scam.
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The market was completely bearish through out the year and at some point bull market signs were experienced. Another thing no one could have thought of such a fall in price. In specific the fall that has happened with ethereum which is been under hard expectation next to bitcoin. This won't grow further in a short time period, looking the market scenario people have lost hope.
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Bitcoin is a beginning to make a cashless society. When the market keeps growing automatically it'll reach common people with ease. Some might feel difficult to adopt and use it in the beginning, but will soon find it to be easier as handling fiat. As governments operating over different countries too have started showing interest upon cryptocurrency surviving cashless society is possible.
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Bitcoin is the one that lead to the existence of the term cryptocurrency. Now there were more and more digital currencies with advanced features in terms of security, transaction access and so on, still they were not able to compete with the bitcoin. This confirms that bitcoin will never be outdated by any other cryptocurrency.
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Proof of joined post
Bitcointalk Username : Ayiranorea
Campaign : Signature Campaign
Eth address : 0x70FEdF7aDda5E43067Df2e3cD861aFd049c765c1
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We don't have any official statement making our country one among the country providing legal support relative to cryptocurrency usage. Now all that we feel comfortable is that our country hasn't made any plans of banning or opposing cryptocurrency which is always a good support for Cryptocurrency users. Hope this will continue forever.
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To me ongoing year is an year that made each and every user understand about the risks associated with cryptocurrencies as well the true reality of the market. Who has withstood these situations will be surviving the cryptocurrency market while the rest just never understand about cryptocurrency anymore.
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Global poverty is beyond the technology, to eradicate poverty the only possibility is through educating each and every people. To attain this, the blockchain technology might support it. Also very few governments around the world is much concern over the issues that arise due to poverty, while majority of the governments try to hide the poverty in the nation.
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Btctalk name : Ayiranorea
Rank : Senior Member
Current post count : 1076
BTC address(No BCH) : 1Kiz3UECeFsqxpRg6qUD2SJSTEyKP8M45D
Wear appropriate signature : Yes
Wear avatar : Yes
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Trading is the best unlike the market situation as well the time period. One who has got the potential to analyze the market can easily earn big. Also the existence of more and more altcoins and exchange accessibility in the market has made it a better option over ico, bounty, lending and other forms of earning.
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