What will happen with Blockchain technology in the next 50 years?
It would be ruling the world in many fields.Already,dubai government has implemented blockchain in all of its government sectors.Most of the banks have adopted blockchain technology though they consider bitcoin as their rival which works in that technology.Governments have decided to use it in various sectors like health sector,etc.In future,we would not be able to see any field which does not use that technology.It would be like how e-commerce came in early 90's when it was very new and later,it became predominant all over the world.
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If people lose their money due to lots of hacking scam projects,bitcoin could not be blamed for that.
The tide seems clearly not to be turning.
Bitcoin's price suring towards new heights only could be a best answer to OP's allegations against bitcoin.
Its sad time for blamers of bitcoin and altcoin promoters since they could not make people sell away their bitcoins.
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Does bitcoin has a promising future considering most governments resisting to acknowledge and accept its use in their economies?
Whatever world governments think about bitcoin,it seems unstoppable.One day or the other,they would have to accept bitcoin by regulating it. We could see that earlier,china took strict actions against bitcoin which even lead to closing of the three bitcoin exchanges there.But still,people continued to trade bitcoins in countersale directly.They used telegram chats for trading.Later,china realized that bitcoin could not be completely banned. Same situation would occur to other countries also.
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The main reason for the price increase is the increase in demand for bitcoins as it is getting more media exposure nowadays.People all over the world have found bitcoin to be the best investment ever since it is totally free from government hands,gives very huge returns in very small span of time,totally secure and could be easily transferred all over the world.So whatever critics say,people turn a deaf ear to them and just continue to buy more bitcoins.
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heh, from my own experience, the things to do are
1. lose lots of money 2. learn expensive lesson 3. never repeat that
i've lots lots, but made more
Seems you have lots of money to lose and learn a expensive lesson.But not all would be able to bare the huge loss.So,initially start with a very small amount which you can afford to loose.Once you gain enough experience and so called lesson,then you can invest more money confidently.Don't ever panic and become weak hands losing your coins to the hands of big whales.Don't ever follow FUD.
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A whale is termed to a trader who has huge volume of bitcoins which is enough to manipulate the bitcoin price.smaller the market,greater the influence of big whales.Earlier when chinese dominated the BTC world with more bitcoins in their hand,they manipulated the price many times easily.But when bitcoin market grew wider having users all over the world,they lost their dominance.But in altcoin market where marketcap is very small,big whales frequently manipulate the altcoin prices.
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What resistance? Bitcoin is always eating its resistance. Everyday new ATH (All time high) record was published. I wont be surprise if we will hit 8k in this Bitcoin rally. Soon $10,000!!! Congrats to both of us who see this marvelous Bitcoin rally ! What resistance levels do you have for BTC, and at which level would you buy a lot of BTC if it got there?
Its true that bitcoin price is reaching daily ATH.Its price has reached $8,581 today.Those who have resistance levels should have to just wait expecting bitcoin to reach and bitcoin would be just travelling in the opposite direction.People expecting a price dip would have to miss the train.
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Definitely when bitcoin gets accepted as payments in more places,it would get more familiar with new people and it would increase its demand which in turn would increase its value.Just before few months,we saw in japan that after bitcoin got legalized,thousands of retailers started accepting bitcoin payments which increased a huge demand for bitcoins and bitcoin's price triggered as a result of it.
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I think that they are trying to show the issue much greater than what actually it is.Its true that huge electricity is being used nowadays for bitcoin.But in future,due to technological advance,even nano chips may be used instead of microchips which may reduce the electrical usage for mining.By any means,this issue would be sorted out.
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Bitcoin was actually created as a currency but latter with its increasing price,people started to see it as an investment.It was getting used for both purposes.
But latter,people started using it mostly as a high return giving investment and just started buying more bitcoins.If it gets continued to used just as investment,then it would not enter in to mainstream and it would be just stored as gold.
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Its true that bubbles have made bitcoin stronger as every time immediately after the crash,bitcoin has raised up to new heights and its price getting settled in a price more than its previous price.
For example during every hard forks,bitcoin price has fallen down much especially during BU creation and immediately,its price recovered.
Now people have gained much trust over bitcoin as every time after crashes,it has recovered reaching big heights.
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Whatever allegations you make against bitcoin is already done with the use of fiat currency itself.It was not totally happening just after the entry of bitcoin.
Bitcoin is magnificent technology which could be used for progress like earning more and sending huge amounts of money with very low transaction fee.But if some use it for illegal activities,its their mindset and bitcoin could not be blamed for that.
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this will be another private ledger for the banks to do their own business, and it has nothing to do with bitcoin or cryptocurrencies in general they are just using the same technology and the end user will probably never even finds out about it. for example when you have a bank account or a credit card and use it, you don't care if it is the traditional way of communication or are they using advanced cryptographic method and have a blockchain somewhere!
This is important, people usually don't make difference between blockchain (the technology) and bitcoin (which is only based on that technology). Banks are about to develop blockchain based solutions all over the world, but that doesn't mean that they want to deal with bitcoin. Banks has a centralized system yet, but have branches and ATM country and worldwide. If they want to start a blockchain based solution, the nodes could be in the branches and in the ATMs so they will have a truly decentralized system with high redundancy. But that doesn't mean that it will be compatible with bitcoin (it won't, ever). Absolutely.Its still surprising to see that people still confuse blockchain adoption with bitcoin.Not only in india,banks all over the world are ready to adopt blockchain system,but not bitcoin.They treat bitcoin as their main rival.More over,india is getting ready to issue its own crypto coin named Lakshmi.So,there is nothing special to celebrate about this news.But if more indians start using bitcoin,definitely it would boost bitcoin progress and it is an entirely different subject from this move of banks adopting blockchain.
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Well,i would like to share you my personal experience so that you could get an idea of what you should do.Actually,i was working in dubai an year ago.Since my salary was low,i used to work in bitcoin to earn.At first,i joined signature campaign and then,i just saved my earnings from signature campaign and bought altcoins for trading.Then gradually,my earnings started to increase more and within the next ten months,i reached a stage that i started to earn as much income as i got from my job.Then,i just quit my job and returned to india.And now,it may be a surprise for others,my income has increased seven times more than my previous income.So,unless you start to earn as much income as you get from your job,don't ever quit your job.Hope you could get an idea to decide further.
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Dear bhaijaan,kindly accelerate the transaction below.
6c2f255549d8756bf53148b70b628ea43e0d01edaddeb3a4d3efbc639454c989
Thanks in advance.
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Really??? This is the first time i'm hearing this.I would say that whoever had tried to create crypto coin earlier,but it was satoshi who gave bitcoin life.He has created bitcoin in such a way that till now,banks and governments are struggling to stop bitcoin's progress.I would say that bitcoin is the pioneer in crypto currency world and it would remain as the king for a long period.
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Why bitcoin ask the Directors of large companies? How are they related to the cryptocurrency market? Now everyone is trying to earn popularity on the subject of bitcoin. But none of them is an authority in this area. Bitcoin has its own strategy and no one knows. The big players can have short-term impact on the price of bitcoin, but then bitcoin will always return to their positions.
That's the greatest mistake most of us do is ready to hear the opinion of these people.Just we are increasing the value of their words.Bitcoin is not in need of any certificate from any one.It has already proved its potential.CFOs belonging to financial institutions would mostly criticize bitcoin as we could understand that it is their rival.So,nothing surprise in it.
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See,we need not blindly rely on such researches.We could not even come to a conclusion with the search result just conducted in one country.We have already come across lots of such predictions earlier.Just they try their best to convey the message not to invest in bitcoins.Bitcoin has traveled much forward and it is no more in need of such researches for its existence.Bitcoin has proved its potential a hundred times and the question is whether you want to join the ride or just stay away from bitcoin with anxiety.
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Its true that most of new members are just spamming the forum.But at the same time,you could not totally deny the valuable discussions provided by reputed forum members.The easiest thing to avoid such posts is to just avoid reading one or two line posts.Also,these shit posters carefully avoid important topics and they just show interest in answering questions like, is bitcoin better than gold or how bitcoin helped you to improve your life.Mostly,they don't find enough time to post more than one or two lines.They are too much busy in posting shit posts.
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Oh no.Another thread for encouraging to invest in BCH.BCH has almost lost its battle and BCH is created nothing other than for the interest of bitcoin antichrist Roger ver and his team.They don't really have any wish for bitcoin's progress.By any means,even by destroying the reputation of bitcoin,they just want to fill their pockets.People are already aware of what BCH is.No need for you guys to give new explanations regarding it.
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