The current situation abd state bitcoin has been experiencing right now is nothing unusual, in fsct ever since it was created and had been endowed a value it has been experiencing major drops and increases in its monetary value. The reason for this is the fact that it has a highly volatile nature that makes its value almost fluctuate everytime due to sudden changes in the factors that affect its market value.
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There is nothing to worry about the current dip bitcoin has been experiencing. It's nothing unusual, ever sibce bitcoins creation and introduction to the market, it has been experiencing numerous ups and downs on its value. The panic selling a number of investors are doing right now only hurts the rise of bitcoin. If you are that afraid of investing to something that has a very high volatility rate you shouldn't have invested in the first place. You are only crippiling bitcoin from recovering its past glory.
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This topic has sparked a lot of debate among us members of the forum, but for me honestly in terms of stability and the fact that itself has made a face in the market for a very long time, It's gotta be gold all the way. You wouldn't worry about the price and value of gold because it stays the same for a very long time. but if you want to earn more and you are willing to take the risk. I suggest you invest on bitcoins
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Bitcoin for me is the most profitable thing I can do while not doing anything. It is very advantageous to invest in bitcoins esprcially those who does not have that much time or the kinds of people whose schedule was hectic due to various reasons and wants to invest on something very profitable.
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I will love to see a cashless society where bitcoin and other cryptocurrencies thrive in the market. However, as of now it's nothing but a pipe dream because in order to be considered a currency, the matter of value must be stable in price and is not highly volatile at the very least.
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Bitcoin is secure enough to fend off hackers and internet thieves away with its over the top security, however, if you are talking about security in terms of investment, bitcoin is not that stable, its high volatility rate is a double-edged blade. at times it goes very high that we are rejoicing and there are times that the value is low.
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A common misconception by skeptical would-be investors is that because bitcoin is technology-driven, it needs the best of all knowledge in the process on internet. However, this is not true. You only need to be knowledgeable on how to use the internet and be able to identify and be knowledgeable of the market itself.
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Many cryptocurrency enthusiasts especially those who are inclined in the bitcoin investment world believes that the current volatility rate of cryptocurrencies most of all bitcoins is not permanent. It is only caused by the current high amount of investors and the booming popularity in addition. Once this subsides, it is expected that the value will cease its violent fluctuations.
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To be honest it is quite fair although I cannot lie, the transaction of transferring bitcoins nowadays is very huge compared to what it was way back then. But I believe it really is fair considering how great bitcoin has influenced and impacted the lives of investors and traders alike.
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A friendly advice is good but it is still better to fibd it out yourself. Read articles, join forums like these and interact with the members. Be observant and curious. It wouldn't hurt seeking for information. Only by then you yourself would find if bitcoin investing is suitable to your tastes and desires.
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If we would put into account the potentials of bitcoin as a currency, it is by far the best currency out there. It has high monetary value, high volatility, constant increase in value. And most of all, state-of-the-art security features that would really make your bitcoin experience better and safe. Bitcoin might become the first ever international currency out there or at the very least, the stepping stone towards developing a better international cryptocurrency.
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In my own opinion, bitcoin is not the future of money, but the stepping stone or the headstart towards developing a better replacement for money, for me bitcoin is still at its early stages and still has plenty of room for development. This boom on popularity and value of bitcoin is a good start towards developing a very reliable and accessible form of currency
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Hi guys! I want to do ethereum mining but I am still beginner, I created this thread for me to have knowledge about mining ethereum. I want to know what is the first thing that I will do. I want to learn a lot of knowledge about mining.
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It is because this time is the era of the cryptocurrecy, many people are want to have bitcoin because they know the advantages of bitcoin. People are aware that bitcoin is really good investment.
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as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me
Starting trading with a small amount of money is can't make big amount of money. So it is really necessary to start big amount of money in trading for you to earn also big amount of money but you need to have many trading strategies before you invest your money.
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I know it may not be possible right now, but do you think fiat will be gone in the future?
I'm fan of the bitcoins but I am not believing that bitcoin will replace fiat in the future. One of the reason why I am not believing is because many people will not agree to use bitcoin and stop using fiat and also bitcoin doesn't have power to surpass fiat currency.
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Does anyone have any idea how many people are using gold as a store of value vs btc? And how long do you think until we have the same user Base as holders of gold?
It is obvious that holding of bitcoin is more profitable than holding gold. Observe the market of the bitcoin in this year, you will find out that the price of the bitcoin increased 1000% + . Bitcoin investment is more profitable than gold investment.
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Of course no! Bitcoin can't end poverty because there is no key or solution to solve the poverty in all over the world. Poverty will exist in this world forever because all of the nation are experiencing scarcity.
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
If you will save your money in banks, for sure you will only earn small interest but if you will invest your money in the cryptocurrency; I am sure that you can double your investment.
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Does Social Media Influence bitcoin growth?
Yes! Social media is one of the reason why bitcoin became popular. Twitter is one of the social media platforms that help the bitcoin to become more popular. There are many advertisements in different social media platforms that are promoting bitcoins and ICO.
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