Of course ordinary citizens can use bitcoins. But, the catch is that, they will not be able to use it properly unless they have atleast some knowledge about cryptography and security. A lot of terms used in the community will leave them confused. But, the thing is that anyone can learn something if it is an interest or a necessity. Just look at computers  Well i think anyone could used bitcoin as long as you have the resources and some knowlege in the technology now, and at first it is the terms/words are hard to understand and I start writing them and did some research in order to understand bitcoin. And if someone is really interested with bitcoin they will really invest thier time to read,and study about bitcoin. |
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I use a mixture - I have some paper wallets stored in a safe
I have a few bitcoin on my main computer using elctrum wallet
I have .4 ish bitcoins on my Iphone
I have almost a bitcoin on blockchain.info
I figure its good to spread it around (it helps me sleep safer at night)
I store my bitcoin in just one wallet. Is it okey to store it I just one wallet or should I have multiple wallet for safety precautions. How about in my iphone? When you have different wallets is it not hard to monitor? |
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Bitcoin growth again, for two days it's turn back his position 3960$ and continue to grow!
Should I go to bank and buy bitcoins?
Yes bitcoin is growing higher everyday, but must monitor from time to time inorder to monitor the amount for bitcoin, buy it now when the prices are lower use it as an investment and sell it when the amount are higher. |
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It is my understanding that banks are more interested in blockchain technology than Bitcoin itself.
From what I have read, banks seem to be interested in using blockchain technology to settle trades between repetitive trading partners.
Probly banks are more interest in blockchain technology and maybe in the near future banks can be open with the idea of bitcoin as one of their product or services. But I think bitcoin it self can stand alone without banks or any financial institution its just giving the people options as theirmode of payment at how they will invest unlike with banks they have low interest rates.compare with bitcoin you can be a millioner in no time. |
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Yes cyrpto can be at a young stage at this time, but it really zoomed it value astonishly for the last years, so I encourage small investors.I can really see it's potencial.
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Looks pretty cool, however I'm not confident that this will reduce the amount of scams going on. Newbies seems to trust other newbies no matter how fishy it is.
Do you get a notification when someone trusts you?
Yes I agree as a newbie I have a problem in trusting issue here.and in reducing the amount of scam with bitcoin is really hard to eliminate, |
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Just curious how many users use one of these.. I've started using Xapo and its pretty good actually. I can buy whatever I want with BTC. They have some fees,I tried finding some companies with lower fees but no luck. They card costs 18$,I guess it was..Actually all companies want like 15$-20$ for a debit card. Which is a good investment..I guess.. Which one do u use and what are their fees?  Yes you could use bitcoin as debit card,and yes you could buy whatever you want with BTC. BUt I still looking forward to the time that bitcoin whould be accessible anywhere you could just use it using your pin or personal number.Since here I can just use my bitcoin buying online. |
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Both. Banks may be interested in blockchain technology to expand their services and they are interested in BTC, too. First thing first, they are interested in blockchain technology, but their investment is still low in this field. Let us say, they are analysing it, but rarely develop products with it. They are interested in BTC for other reason. The name of the reason is: ransomware. Yes, banks are often targeted with ransomware. They have started to stack up with BTC just in case. As far as I know, some altcoin platforms promised dedicated products to financial institutions, but none for BTC I am aware of. Maybe because BTC is supposed to support a financial system of people instead of banks...
Yes, and I think some banks are now into bitcoin. Although not fully. They are accepting to exchange Bitcoins to Fiat which think is an indication that little by little. They are starting to accept Crypto-Currency. Especially now that we are in a modernized world. All our transactions are tend to place online since we are now busy with the other things. They are not yet fully accepting it because they are analyzing it first (as stated above) but soon and very soon as they see the potential of this coin. They may use it in their transactions as well. I think through time bank and bitcoin will have a blockchain technology to add services, but still this will take sometime to put into action. And I agree that BTC should support financial system of people instead of banks. |
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For me if you can do both ( job and bitcoin) its much better specially if your goal is to save and to be financially free. Its just a matter of time management, but of course if your a mom choose bitcoin because with bitcoin you can stay at home and take care of what is more important, and pay your bills without leaving the house.
And for sure if you will focus on bitcoin you could earn more than your day job. BUt of course HARD WORK is the KEY.
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My bitcoin dream is to be financially free and to be able to help my family financially and help my friends as well.
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It is very easy and convenient to withdraw your cash in bitcoin you just have to have a wallet online then it'll be then transfered to your bank where you can withdraw your cash.it depends on your account that you can withdraw your xmcash through your atm.
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So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?
I believe it is a good thing in general to use as savings, but I don't know if it will necessarily teach kids about it. Here is the thing - Bitcoin isn't easy to cash out yet. Sure, there are ways to do so within 24 hours, but not for children. With that said, kids can give their parents money they want to save, or better yet parents can save 1 Bitcoin for their kids. Eventually, it will appreciate into a lot of money which can pay for their schooling, and help them start a family by the time they reach that age. Its a good idea to teach kids now a days about bitcoin it can help them the value of money, and will learn about stocks exchange at a very early age. And it is just a matter of mind set. |
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As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency?  This will take many more years to come. Especially now after another bitcoin exchange security breach. The bitcoin price is just not stable enough to be a major international currency. Investors are getting spooked out of bitcoins too fast. Bitcoin is the future time will come that bitcoin will be use as a meduim of exchange. But for now this innovation should be disseminated property to educate us more through out the world... |
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Well that's an advantage in the bitcoin. Can we think in the future if the continue using bitcoin, there are chances that the price we can get is very large and profitable for ourselves. But you need to know, all this happened not because of coincidence but because of the hard work for us to want to see the bitcoin become larger. Because when we do not strive to the maximum in order to realize the dream of bitcoin then everything is just a memory
Bitcoin + time = profitable investment It can change one's life it can change the world!!! So better invest now when the amount of bitcoin is not that high. Early investors will reap the profit... |
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Life is to enjoy one's self in what ever they do with it. Well to me any ways.  If you are miserable in life then it is not a life worth living in my view anyways. So always live you life to the fullest no matter what the costs.  What is one's purpose in life? Each one of us has it's own story to tell, lifes to live... We just need to be good to other's and good to ourself, live our life to the fullest and fill our hearts with love, love the people around us even they have hurt us... and love God and everything will fall in the right places... |
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can they hack into our wallet. There are many professional hackers out there. What are the chances? Also what is the safest way to safeguard ourself?
there is no simple answer to the first part of your question. there are lots of different types of wallets and each type has multiple wallets. it is simpler for some to get hacked (like web wallets) while it is hard or even impossible for others to get hacked (eg. desktop and paper wallet). as for the second part, just learn what a cold storage is. how to install a wallet offline and how to spend from an offline wallet and you are safe. We bitconers should guard our wallet and bitcoin should me advance to any hackers!!! Just in case... |
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At first I dont have an idea about bitcoin. But i try to educate myself in reading articles and doing some research and try to exchange ideas with other bitconers. So when a newcomer would ask me about bitcoin I can explain to them enough, with the language that is easy to understand because it is really a complex word, so I advice them to read more and educate their self more. But i dont want to spoon feed them Because I would like a newcomer to read more and really invest time with bitcoin. But if there's someone asking me and having a second thought about it And would often say it's a fraud or scam I just Ignore them because who knows I might me the next millioner!!! Thanks to bitcoin |
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To become an bitcoin expert it is really a task! Its your task to read do your reserch. There are many bitconers like me that learned through reading here ang going to the sites of bitcoin. And should be knowledgeable with computer as well.because for me if you can call yourself an expert you are really really good, because bitcoin per say is with deep connection with math, economics any many aspects around it.
So we should not stop learning...
Read!
Research!
Learn!
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For now cryptocurrency cannot replace the real money it will take a very long time especially here in asia or any third world country, but in the 1st world country it is possible in the near future lets say in the next 50 years... Because we've been using fiat money for a very long time... and a lot of teaching and learning should be done in using the cryptocurrency. So what your stand in this issue?give me your insights about crytocurrency.... |
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