Considering that altcoins are made for a purpose and not just for a single one, I firmly believe that we need them. If you can see ICOs have different project goals and usage. Others are focused on health others on computing and so many other things of importance to the people. So I think we really do.
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When it is possible to do transactions offline just like in mew it would be the best method to keep your altcoin wallets safe. If it is not possible make sure you don't openly use your privatekeys anywhere to transact business or trade. Compress private keys in password protected zip or other archives. Delete any trace of unprotected private keys in your computer. Or use other software to decrypt it. But don't forget how to undo it. Otherwise you will lost all your coins in the blockchain.
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On a very technical context you are right with your point. Bitcoin must have to rise in value before alternative investments draw a line to push it off the balance. On a very simple analysis to make it more understandable, the rise in the value of bitcoin represents people joining it. Without its price moving up then it would mean that it did not create a good market for itself and the less people did use it and therefore would lose to other alt investments. This idea gives us a clear message that if bitcoin fails the altcoins will dominate and it will be even hard for bitcoin to move up. No users no price going up.
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As an online payment bitcoin could serve you very well. So if you would establish an online business surely you can catch more customers to patronize your products due to its very simple and effective way of sending money. This is what bitcoin is used for in the first place.
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The first group as mentioned, whether majority or minority would create a trouble among investors. They can mislead the people by creating FUD. The more effect is when they serve as the majority of the cryptocurrency users. I think what was needed here is education through seminars or much better, short term courses for bitcoin that could help people realize the potential of using bitcoin. In our locality rarely did people knew much about it even with its popularity. This could only mean too many are not involved yet as of now.
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I see your purpose was great. Youcare such a kind individual and I salute you for that. The only question that comes to my mind is how are they going to earn bitcoin. What disabilities are we talking about here. If their disabilities would not allow them to do so without the help of others then these could not be good. I am thinking about bitcoin mining. I don't have much knowledge on it but I think this is passive and doesn't need so much physical work. Maybe this could be a good entry to bitcoin for them.
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You can look at the ratings of ICOs as a reference for your choice. Though this is not really a guarantee, it is the least you can expect to serve as guidance for choosing the best. By the way you can try Konios just read the whitepaper if you have sometime.
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If this is the end of bitcoin then maybe will be the end of other cryptocurrency as well. This sounds like a FUD to me. But I don't really think so for now. If the value of bitcoin drops to the bottom and becomes stable then it will become a more like fiat currency such that more businesses will be using it. For now I think it is in the bottom of its value.
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It is probably because many are still confident that they will earn from bitcoin. It was a great news when companies had used bitcoin as payments. It did boost a lot of confidence among investors. As of now I haven't heard anything about it. I just hope bitcoin will still be strong again because all other currencies are affected as well.
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There are problems meet by investors of the different cryptocurrencies due to volatily. Yet I do believe that in the near future altcoins will go higher in value and will become stable as it will be.
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It is because many still wanted to earn from investing in bitcoins. It is for them an opportunity to easily earn money especially during times when bitcoin prices starts to go up after it has fallen down low. But others also had bad experiences due to bitcoin being so unpredictable. But if you should just hold longer it will go up again though it would take so much time.
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For me the ones who serve the country economically in a large scale are the businesses that exports products to another country and the ones who work overseas to earn money not just for one self but for the country as well.
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I am not a citizen of the US and therefore cannot comment on the exact amount when ICOs should report it. Yet as to the idea why should they monitor through KYC the amount of money transferred, I think I have some thoughts to share about it. First money is part of the countries economy. Any transfer of an amount that is beyond of what is considered safe could create an impact to their economy hence should be limited. This is the same reason also why the government couldn't just create any amount of money and give it to the poor. Cryptocurrencies are exchanged for fiat and it is the same as a real money transfer when ICOs pay the bounty. Second, money in the form of cryptocurrencies can be misused to pay for illegal transactions like drugs and other crimes which may involve funding for terrorism.
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Investing in cryptocurrencies are really risky since you cannot predict outputs. I am not creating any FUD here but this is just the reality that goes with establishing business or opportunties for investments. So to manage risks you should set limits so as to create a line for safe and what is not. Cut your loses when it is no longer profitable.
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Some people don't agree on it, others do. If you ask the population maybe too many would say I don't want to pay taxes. Yet as far as I know in my country these serves as the lifeline of our government. Without it we will have so many problems with almost anything like salaries for prodessionals serving as doctors, nurses, teachers and others; source of funds for healthcare services; and all other necessary services for the government.
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Banning bitcoin may be good in their views. In our side it might be bad for the bitcoin community as this would create FUD. But I believe they have good reasons for it. Let's just continue and don't let this news create fear among us. Let's continue investing in bitcoin
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If you have decided on it last February maybe you have made a lot of problem around March. Cryptocurrencies are really unpredictable so never try to waste any amount of money for investing all in just any cryptocurrency. It would be better to make a good research on each coin to invest. You might end up on scams or a failing coin.
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Actually I think you are trying to suggest in the graph that the US dollar is really volatile like bitcoin or may even be worse. I like how you presented your evidence but your analysis could not be so comprehensive and impressive. Note that the purchasing power of dollars do not directly describe volatility. For me the graph could mean a change in value of a product to purchase and not just a change in the value of dollar. Remember the rule of supply and demand? When a product's total supply drops, the purchasing power of dollars will then be weakened due to a higher price that will be imposed to it. The value of dollar in this case do not actually change but a product's value did change as it is needed. This is not a clear example of volatility but a natural and immediate response that we could see after some changes in the market. Another reason why I think this is not comprehensive, is that the graph presented covers a year long of events which fails to describe a daily, weekly or at least monthly reports to let allow us to see clearly how dollar drops in value.
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This could be good to the fame of cryptocurrencies. The only thing I would like to ask is how will they be keeping this moving as we know there are so many in competition. Though one thing is for certain which you are right about, it will create a trust and confidence for investors of cryptocurrencies.
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