Bitcoin forks are the new scam in town so altcoins, the old scam, is going out the window. However, this is will even more short-lived than altcoins because people are already realizing that you can't actually copy Bitcoin just like that. People are used to instant gratification so they think they can just get a lot of power and money and make it reality, but it can't be so anymore with BTC.
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I do not think all coins are dying now I just think altcoins are dying. They are and always have been copies of Bitcoin in some sense. Then they advertised and marketed that they were in fact better than BTC. It is impossible for me to believe that in the long term, but there are fools who take what they say blindly and invest in these scams that are purely for speculation.
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Billionaires probably don't invest in BTC because they have most of their wealth in paper money or gold. I'm sure they have the mentality that they will just live their life to the fullest with what they have. Thing is they are not leaving anything for future generations. If they aren't trying to leave anything and will be keeping that wealth for as long as possible, it will just become worth less over time.
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This is the beautiful thing about Bitcoin. When you buy bitcoins you are taking away from the power of the centralized banking system which is what our current financial system revolves around. Bitcoin's system is decentralized which means nobody owns it or controls it, thus leaving room for innovation and adoption worldwide. It is unstoppable and this is why we don't see them really trying to stop it, because they don't want to make a public mistake and look bad.
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There is literally no way of telling in the cryptocurrency space no matter what people or companies say as that is all subjective. The price will be whatever people are willing to pay for it and so it'll be similar to BCH except worse because people are smarter now. This might be the last time a forkcoin is taken seriously actually, but who knows there will always be greater fools out there online.
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Africans can benefit from blockchain technology by using it as a safe haven for wealth and information. You can store anything on the blockchain, provided you have internet access, and it will be immutable forever.
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China hates Bitcoin because it is a competitor to all the gold reserves they have stored up. This is where their wealth is stored and they're mad because it's going to have to go into BTC eventually but are trying to stop that.
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Bitcoin will not end anymore. I say anymore because I felt like maybe there was a chance when the network was first starting out and the protocol was still strengthening and securing itself, but not anymore it's too strong and decentralized.
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Bitcoin is better than cash because it is a better long term storage solution and has a ledger in which that is secure to store value. Therefore this network and currency cannot be tampered with but you can tamper with cash.
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Bitcoin will never be deserted. It was a peer to peer electronic cash system that required peers to join on the network and make it stronger and oh boy is it doing just that.
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Bitcoin will survive as long as social interactions and the need to keep track of debt exists because that's all money is and Bitcoin is the best way to do that now, and will always be because of it's OSS network.
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The future of paper money is non existent. It is on the way to becoming even more worthless than it already is. FIAT money serves no long term value and more people are becoming awake to this fact.
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It is much better to save Bitcoin. I wouldn't save gold right now and I definitely wouldn't save FIAT money. Bitcoin is on it's way to replacing the dollar so just think about the wealth transfer that has to happen.
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This could be even higher but that is a fair estimate. It depends on how long MSM can go on with spreading misinformation. Luckily the forces of nature are turning in good's favor.
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Bitcoin is money because it is a universal ledger that keeps track of debt. This is what money is and that is what accomplishes amazingly. It's immutable decentralized consensus network is the reason.
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That is great for the country of Malaysia as more people will talk about it now and it will only continue to gain more legitimacy that way. Hopefully they legalize it without taxing. That's the best option for them so they can get people to spend BTC there.
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Yes it is recommended that you generate your keys offline when you use this website. This way you are sure that no one knows what address was generated from that site.
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Most definitely Bitcoin can make Banks disappear because BTC's aim is to make middleman obsolete and that is just what BTC is doing. It is just a matter of time now before they die off.
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People are holding Bitcoin because they believe the value will continue to rise and the network will continue to get stronger as the the current central banking system continues to fail.
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That is fantastic. There are a lot of travel companies that offer plane tickets and hotel rooms so there is half your battle. However, next time maybe you want to use cash and save that BTC.
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