It wont affect much, there will be not a lot of people interest in the coin that can be controlled by the government, the crypto currencies is famous because of the decentralisation, if the government took that then it will be the same with fiat, nobody will want to used it, so no matter how many countries try to launched their coin, in the end it will be a failure
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Yea, the youngster are more open minded and more curious about technology, and it is a must for them to follow technology, so they can used the the technology in optimum way, and crypto currencies need the help from youngsters because crypto currencies just started its journey and they will be very useful for the society, so we need the enthusiastic youngsters to keep on update and expand the crypto currencies usage
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Judging from the response of all countries and the users, maybe not long, I think we can see crypto adopted in many countries and can buy daily needs in around 5 years, a lot of countries already legalize bitcoin, if everything works out perfectly then we can see the adoption really soon
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It will take time before the government of all countries decided to legalize crypto or not, crypto is a new and developing technology so each of the country still learn deeply about this and how it will affect their country in the future and each of the government got its own conclusion, so we can only wait and hopefully the media not spreading another FUD and misleading news
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Its absolutely not suggested to keep all of your money in one place, especially that place is exchanges, exchanges got a bad reputation for storing money, where people unable to withdraw, suddenly closed down and being hacked, so its absolutely dangerous to keep your money on exchanges, exchanges is not a place to store your money
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It wont happened, there are too many risks to used bitcoin as national currency, if the currency couldn't be controlled it will be very dangerous for all the citizens, and there is a chance that the country could be controlled by bunch of whales, so I don't see any good outcome will come out if btc become the national currency
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Its a good idea, sometimes the coin need a long time to make profit so it can stuck for a long time, and if you used the money from your daily need sometimea you will be forced to sell in lower price and sometimes traders can make mistake and lost money, so you absolutely need to used the money not from your daily needs and if you are not too familiar with trading dont trade with huge amount
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I think a lot of people has moved to crypto casino since crypto casino being introduced people like to play in crypto casino because of the anonymity, but there are something that people consider before they play in crypto casino, provably fair is a must, the reputation also important, and one of the most crucial is the customer support, the customer support must be friendly and helpful, and it will help to attract gambler if the site got a lot of unique games
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Yes it can be used for long term investment but the price of 2 million per bitcoin is too high, it's possible but it will take time and the chances is pretty slim, but for sure it will be very profitable if we keep bitcoin for long term, there are some positive news that makes the chances of bitcoin grow big
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No it's not over yet, now people just hold back because the price had crashed down severely and people still afraid to put their money in crypto and last time people got frightened because of the government put some regulations and banning into crypto, wait for another 2-3 months you will see the market increase, now the market is slowly healing but still in slow mode
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Of course you need some backup plan when you trade, the market is too volatile so there will be unexpected event, usually I set a lost limit, if the coin reach that price then I will sell and look for another coin to trade, I dont want to stuck too long because some alt coin wont recover and stuck too long with the hopeless coin will make me lose profit
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Yes this KYC has making people hesitate to join and causing crypto currencies lost it's most precious feature which is anonymous, but nothing much can be done, since crypto already turn this big and famous, the government doesn't want everyone to avoid taxes, want to prevent somebody to do illegal transactions and money laundering, the one that I concern is they will misused our identity
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Yes I agree a lot of people do corruption using cash because its untraceable, but cash only work in a country that had same currency, if it's different country then it can raise suspicions if you convert huge amount of other currency to fiat, and also it is dangerous to do transaction that has a huge amount, so it's not too convenient to used
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Its not that the government dont eant the citizens free from poverty, the government just want the citizens to pay the taxes, if everyone is using bitcoin to do the transaction there won't be any income for the country and that will lead to anothwe serious problem like inflation and other things, regulations is the middle way between the users and crypto, wothout the regulations the government sure will banned crypto, because crypto is making the country losing money, I think you can't avoid taxes by being anonymous forever, one day you will need to cash out to fiat
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Yeah I kind of lost a lot of money too , the market isn't too friendly and I am not too aware of the situation and get hypnotised by my greed, in December the hype is too high and all of the coins crashes down on Jan, now the market is slowly healing but it still can't cover my lost, the best thing for now is looking for the coins that can make profit in a long term and keep them , and the rest of the coins that won't rise, I will sell it
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Blogging and making video maybe will be the fastest way, the problem is how we make the content into interesting news that attract people to become curious, if you got some money then you can make seminar or workshop about bitcoin, now sharing knowledge is easier because we also got social media
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You cant make passive income with trading, trading is an active income, it's mean you need to do the buy and sell to make profit, but if you want to make passive income from alt coin investment then it's possible, if you want a passive income from alt coins its mean you are looking at long-term investment, and its not a good idea to invest without proper knowledge, learn and find information before you invest
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Well exchanges is a business place, whenever the owners think that they can make profit then they will enlisted the ICO, not all ICO is bad, some of them got a really good potential, so it's a healthy rivalry for bitcoin, I don't see anything wrong with that, the investors got more to option in crypto and for me that is a good thing, don't worry about bitcoin it will survive and still stay on top
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Its very important to check the whitepaper to determine whether its a good project or no, good project means that the coin got its unique value, you can also see the roadmap to see the vision of the the coin, good team means how the team handle the investors and how to handle problems, this can be check from following their social media group, check whether the team is legit and from the time being does the coin meet up with their roadmap target
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Putting tax means that government giving a green signal for the people to invest or trade in bitcoin, at least the government wont freeze the users account or going to arrest the people that used it, so it can attract more investors to put money in crypto, but that depends on the tax amount if it's too big then the investors will move away from crypto
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