Mainly bitcoin are being convert into USD so for that reason United states dollarare now being spotted by a few goverment particularly my goverment.Indeed.. until now, my goverment prohibit bitcoin because felony can convert bitcoin United states dollar and purchase weapon by way of darkish marketplace
All currencies can be widely use for illegal activities including bitcoin itself, people will do things just to do what they wanted to do, and as a matter of fact bitcoin is now using as a medium of their transaction as sender and receiver are anonymous and there is no way to know who they are. So the point is person can do all things when they want to. yeah you right, I think all currencies are used for illegal activities, you know that every country has a mafia and before bitcoin is present even if they already use their local currency to use as an illegal financial transaction. so I think not just bitcoins and dollars are used for illegal activities,, |
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i can say if we die without noting any documents about our bitcoin, surely bitcoin will die with us, bitcoin has a very powerful security that not all of us can access without our private key, if we didn't note our private key in computer or paper, no one would know or if they knew, they wont be able to access your wallet.
Simply bitcoin will stay in the wallet and no one can access that coin forever and the best thing is to share private key with someone whom you trust more and is in blood relation and will not do anything wrong, this act will give you inner peace that after you your loved ones will not suffer and they have a best financial support and they manage their expenses burden by using bitcoin in the righteous way to bear it. Off course people all over the world prefers that when they will leave this world than what will happened to their relatives and families? So BTC solve this problem on the way that BTC will be saved in that person wallet until he/she doesn’t want to waste or that person can share his personal key of bitcoin that after his death his family will use that bitcoin to be happy. yeah that's great of bitcoin, you can keep your bitcoin in your wallet and you can write a will that says private key from your wallet so that when you die your family can receive the bitcoin you have, I think this question is relative, because everyone has a different way each others to give their inheritance |
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As per we can see the interest in bitcoin of people is increasing at a high rate...I believe it will be our future...but will the shoppingsites like flipkar,amazon be able to accept bitcoins?
may be in the next generation.......thanz fr reading
Yes that is actually true given the fact that bitxoin was used in some platform as medium of payment , we can say it contributes a lot for the bitcoin to be known cause it may lighten up the people's curiosity , and nowadays bitcoin was advertized by Facebook which we all known as one of the influential and famous program of the decades. first I think bitcoin is getting famous not because bitcoin is a good currency, but I think bitcoin is getting famous for being a very profitable investment in the near term. you can see the current marketcap, keep growing and it proves that people's interest in bitcoin investment continues to increasing |
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Bitcoin is safe and secure as long as you keep it safe. If you are new to bitcoin then before saving it you need to learn how to protect your wallet.
yeah I think you should read how to secure your bitcoin in your wallet to be safe, perhaps by adding authentication or verification before logging in to your account, try to use that, I myself for 4 years using bitcoin has never been stolen and it proves that bitcoin is safe then read some articles to secure your bitcoin dude,, |
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Honestly, yeah i was too surprised on how bitcoins increased the price now a days. At the same time i do regret not to buy plenty when the price was still dump. Anyway, am into long term investment so i still have more time to invest more.
I think everyone is also surprised by this very fast change in bitcoin prices. imagine a few months ago at the beginning of the year the bitcoin price was still around $ 1200 and it is now $ 12k. of course all parties are experiencing the same thing that is shocked, yeah and I also very disappointed for not holding my bitcoin until now |
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yeah true, i think bitcoin will not stop as long as bitcoin has not covered all the people in the world, as long as bitcoin has not had that many users i think bitcoin will keep on living and spreading, so i think for some years this bitcoin will not die because bitcoin is still developing,, |
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It is hard even to explain to an adult. I had heard about bitcoin couple years ago but never bought anything because I could not understand anything. However, people are now understanding it's value because it surged a lot in 2017. Children will also come to know about this as this is in the news everywhere.
You do not understand anything because you're not trying to find out? actually everyone could have understood the basics of bitcoin if they read correctly, even some of my friends are instantly interested in buying bitcoin just from reading bitcoin in a blog, and then they find out about bitcoin alone |
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If bitcoin is accepted in all countries around the wold bitcoin will be a global currency. Why? bitcoin price got high if we are compare it to any currency in different countries
I think without legalization from all governments or countries though. currently bitcoin has become a global currency. see many people from different countries doing financial transactions with bitcoin without any difficulty. I think with that where bitcoin can be used by everyone in various countries its including global currency |
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Yes, I think Bitcoin is a good way to invest your money. In the bank, we can invest our money as an opening deposit. It is really worked, but Bitcoin's price is increasing every year. So it is a smart choice for everyone to invest money in Bitcoin.  seeing bitcoin prices continue to rise from day to day means it is very likely that bitcoin prices will rise each year because of better developments and bitcoins spread rapidly, so I think there is no reason not to invest in bitcoin, bitcoin is very potential so buy now will be better,, |
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if someone taking seriously on Bitcoin as regular work, somehow we can say, Bitcoin reduce unemployment.
What I could say, Bitcoin are not really reduce unemployment, but gives opportunities to everyone for unlimited earnings.
After finishing my national service, I wasn't working but because of the bitcoins i had accrued over the years, i was able to sell some and now i currently have my very own cyber cafe and gaming business which is making me lots of money. So for me it has greatly reduced unemployment. of course bitcoin reduces poverty, can you see lots of people get a lot of great benefits and profits on their lives after they invest and get bitcoin? if bitcoin reduces poverty why many government in the world forbids bitcoin, I think it's still a problem to this day,, |
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Bitcoin and ethereum are good for investment use, but most people choose to invest in bitcoin, in the long run and will earn considerable profits.
I think both are equally potential in the future, but seeing bitcoin is more popular and its development is faster than etherum or other cryptocurrency I would certainly prioritize using bitcoin for my main investment, because that would be much safer than putting your money in etherum or other altcoin,, |
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Yes, I tried to explain but it seems to be useless. They do not believe that this market is real. They thought this was a hoax and they gave me a lot of disappointment
you will find many strange answers when you explain bitcoin to the general public, many say that bitcoin is a scam investment, cheat currency, insecure, and many others, yeah it is a risk to you because you are telling something that is still very new in the world,, |
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The best reason for choosing bitcoin over fiat is that there are no problems with it. You can earn more with bitkoin not only because it's value varies faster than fiat, but it doesn't have a tax. With bitcoin, you can save money, because you can have a wallet where you can pay, buy or even convert it if you need money.
many people start trading their dollars into bitcoins for a variety of reasons, such as tax evasion, for profit, for future investments and so on, but I rarely find people using bitcoin over fiat because they are more comfortable using bitcoin to pay for something? I think for now many people still prefer the fiat for the reason of paying for daily necessities,, |
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What would you guys advise someone who is retired, living off pension and savings? Is it too late/risky to invest at that kind of age?
Do you guys think the elderly have a chance of jumping on the crypto train, or do you guys think it's too late for them to invest?
If your financial situation is secure, i.e. you withdraw less than 4% of your assets annually to pay for living expenses, it may be worth investing 2-4% of your investment capital. This would put you well ahead of most investors in allocation to cryptocurrency. yeah if you are old and do not have any income from your job then it would be better if you see your financial condition first, because investing in bitcoin is a big enough risk, so estimate your financial condition, if you still keep a lot of money then it is ok you put your money in bitcoin and even now it's not too late anyway,, |
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Both have their specific value and worth. But i think if i would choose gold and exhange it to money and have a big investments such franchising or having real estate. So anytime i can earn money at the same time doing campaigns in bitcoins.
if you have a lot of money of course you're free to use a lot of investments like gold, real estate, or bitcoin, but what if you only have limited capital then what would you do with that limited capital, choose to invest in bitcoin or in gold, for me of course I will choose bitcoin because the price change faster and quickly profitable,, |
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I usually use bitcoin to invest primarily, I do not use bitcoin to buy food or clothes and other things, ... because I think of those things,
we buy them in cash, it is not necessary to use bitcoin. I think we should use bitcoin to invest or some form of earning money ,which
will help us financially better.
Everyone of us have different story of life and have one's finacial status and such for me bitcoin really a great help of my financial problem so i always convert it to our local money to support my daily needs and financial struggle and to have some improvement of my financial status. I think looking at it I think that few people only who use bitcoin to spend, most of them convert it to fiat for shopping or spending, yeah everyone has their own reasons why they choose to convert them to fiat and where they will spend, most people only use bitcoin for investment purposes only,, |
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This is always possible and can happen any time. What Im more worry is that some of major exchanges will be closed and that will make panic sell again.
Panic selling is not a good idea for all of the users of bitcoin, panic selling would not be able to make us rich in the future, so my advice is dont ever do panic selling , just always trust your coin you are holding and believe that when the value of that coins will dump, it will pump again so just hold and dont do panic selling. then when the price suddenly changes does not match your expectations it will be better if you calm down first, do not confuse, panic and others reasons because it will only be bad for you. keep calm and do a mature calculation before you choose to hold or sell your bitcoin |
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It is both currency and asset. It is an asset since its price changes time to time. Currency since it is use as a payment method online.
yeah most users use bitcoin for 2 things. for investment as well as currency, only a few users that use bitcoin for currency because you know that there are still a few stores that accept payments with bitcoins and many other reasons, so most users use bitcoin for their investment,, |
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For me one thing is sure, nothing is forever, but I see a brilliant future in the Blockchain technology (Bitcoin is something else  ) We can't stop Bitcoin for overlapping virtual currency in the world because there are more and more people who invest and support Bitcoin as long as it is the most secured and safe currency. the risks of bitcoin investment can be said to be relative in my opinion, for some people may be very risky and some of the other say secure investment depends on their patience and knowledge on investment, and I agree with the user keep coming and it will not stop until everyone adopts bitcoin |
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