Development and progress keep on happening in BTC throughout the decade while for its counterpart that is being printed and will result to a slowly increase in inflation. BTC proves to be a good escape if you are going to invest in an asset with an assurance of growth to it.
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Any real value, if physical then it doesn't have. But if you are talking about it being asset then you have the answer and it is YES. People are investing in BTC and kept it ever since for potential growth in its price. If you want it to have a physical value, then btc being a currency must have a chance to have a physical form.
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Iran is one the biggest producer of oil in the world and there annual revenue of oil sales is 60 billion USD, I don't know why are they facing shortage of electricity. One possible reason for BTC mining ban may be that Iran government want BTC miners to pay electricity bill of commercial user (like payed by shops and industrial users) not as a domestic user. [/quote]
Exactly, they do not want the operators to gain profit without paying the right amount. Addition, I think that they don't face electricity shortage rather they want to maximize the production of electricity without loss. So in order to do that they regulate and studied the electricity consumption of miners and the result is clear that they are just normal consumers at all.
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Btc never ever have taken a physical appearance but you can literally see the tangible things that can be bought through it. Its been 10 years already and look at the pioneers who hodl since the first day, they already have physical assets as of now for sure. The fact that BTC doesn't have a physical appearance makes the security strong too, it cannot be hack easily, stolen or mob.
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Legalization in my country will only serve as an advertisement for the nation. We are free to do what ever we want with it with no regulation and possible ban. However due to this, scam is very prone specially to the newbies. Its sad that only few are gaining interest in crypto and they are focusing in other things. If BTC become legal, I hope many of our citizen will be knowledgeable about it.
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Its been 10 years and Economist cant even explain how a non tangible asset kept on growing. The hate comes with their prediction and their study but they are proved to be wrong. I think they need to study about crypto in order to give a definite answer and the hate will be replace with knowledge about crypto/btc
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BTC is very volatile and we don't have any solid reason for the increase. However as a investor hearing something from an influential person that BTC will not be ban is a good thing and reassuring. After all those bearish times I think it will eventually turn into a bullish for a long time maybe a new ATH.
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Well if you didn't share the key to anyone then it will just sit in your wallet forever with no one to use it even the value/price goes up. Like inheritance, its better to save it in your safe case(the wallet password/key) so that when someone checks your safe the btc stored can be use.
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Hoarding BTC is an excellent choice specially when you are looking forward to the future. You can also check out other coins when hoarding in and buying at its lowest price is always the best. With a good research and knowledge about btc, you can always save your money and buy it at Dip, so that you can maximize efficiently your profit.
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For advertisement, twitter is a great social media platform to introduce bitcoin specially for those who are not knowledgeable, those who want to start but afraid, and wanted to share their knowledge to others. Slowly, people will be interested as they can see it everyday in the platform although they can just ignore it too. But if individuals started to buy/hodl/trade the price of btc thus increasing the price of btc.
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Expected because you can't suddenly get out of this specially if you hold a big amount of money to it and if you are eager to continue what you started you will eventually do underground techniques. I also think that they will launch their own crypto for the citizen to use.
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Some of the investors are only focused on profiting, specially those who have big investments. They are not willing to explore what other things BTC can do but we can't blame them because most of those who started here thinks of profiting in the future.
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We don't need to seek everyone's appreciation in order to use BTC. Due to its decentralization, some countries are still against it and some are just allowing it without any care to it. its been a year a country now is using it as a currency not only that but some part of other country is using it for salary to its workers.
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Miners do buy at low price and sell their mined btc and the one they bought at high price. The bearish may come with other reason but I do think that what I mentioned earlier are what the miners are doing.
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I don't think they will ban it for now because there are gaining from btc. Rather if they ban it they will just regulate it, unlike China who likes to control its people and in order to do this is to restrict them from using other fiat.
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I don't live in China so I live the way I used to. And also the banning of BTC in China is not new, they already did this multiple times and so I have this immunity of not giving thought about it. Also the fud that it causes is natural for me now and doesn't cause any panic.
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Although BTC is non tangible, but those who knew that you own btc can be a big problem for you in the future. Always be lowkey when talking about your earnings. Doesn't matter if they feel suspicious but tell them if they are willing to learn. Btc maybe in tangible but you need to take note that you need to protect yourself, privacy is the key to it.
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Both can be seen that way as most of the people buy and use it for trading or they are holding it and will trade eventually if the price spike up. It can also be seen as a currency, some of establishment/country accepts it as payment. So I don't think you need to stick in one side rather see btc as a whole and its possibility to be use.
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They are the one who approached me and then they started to talk about BTC. It's funny cause while they are discussing I'm sharing what I already knew. They are astonished to what I knew, then I started adding ideas on how to use it wisely. Then they got interested deeper and today they are investing to different alt coin beside BTC. Many of them also started investing in crypto games and other nfts.
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I don't think its a waste because you will earn from mining and eventually it will circulate as you use it to buy goods/ pay bills. There is no difference from playing games and mining, it depends on who will perceive those two. Both are beneficial for those who can afford/ do it.
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