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Electronic money can only be accessed with internet connection, and you cannot touch it because it has no physical form. It is used by people around the world and it has a wide coverage of area that can access it. Physical money was first used by everyone and it changes its form depending what country you are in. Also, it is only limited to the country where you are and its value has no chance to rise or fall; it is fixed.
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I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
There are similar threads that answers this question like this: https://bitcointalk.org/index.php?topic=2099175.0In there you can check more information if bitcoin is an asset or currency. As for me, from what I have read in different things about bitcoin, it is a currency like what we call cryptocurrencies. You can do anything with it: trade, mine, invest, and you can also earn some. We can say that it is a currency in the internet where people around the world can use it. |
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It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
I believe bitcoin will be more popular in that year and almost everyone will use it and make new things from it. Many people are using bitcoins in different purposes and I know that they use it in things that are worth spending money. About the fiat thing that you mentioned: I won't agree with you because even though fiat currencies has a lot of disadvantages, still, it is important because this is the foundation of money all around the world. You cannot just replace it easily. |
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There is a high possibility that it would be an international currency, but I think we still need fiat to determine on which country a money came from and what country owns it. Maybe today, some countries are banned from using bitcoins but as time flies, we can be sure that it will be used by everyone and it is used for online transactions.
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I think my biggest regret in bitcoin is when I should have known and used bitcoin a year go if only I did not doubt my classmates when I heard them they are using bitcoins. I have not showed interest to it back then because they use bitcoin in gambling. I have thought that it is just a site for playing and it is not a real money. Realizing that, there are so many people back then do not know bitcoin.
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now this bitcoin has a lot to use as a place of investment
but I want bitcoin as a front investment who have done it
let's share with me how to invest with bitcoin for the future
You can depend your future in bitcoins especially if you are investing from it. I am sure it will be a great value; now that bitcoin's price is increasing. Holding bitcoins for a long period of time is also a way in planning for future because if you hold bitcoins long enough then surely you will have a great amount of money. There are many ways to invest bitcoin, and I have seen threads discussing about it. |
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Bitcoin is changing the way we live. Bitcoin is changing the way we do business. Bitcoin is changing the way we travel and save our assets. Bitcoin and blockchain technology has open new doors for people to do business with one another without the intervention of third parties. What do you make of this, huh? Share with us what you think. thanks  This is true, and these things can also change lifestyle of different people. Besides of many and new ways in processing transactions online, many people are doing this as a job or a sideline because you can also earn bitcoins here without investment, and it is good for those people who don't have a starting money like students and young people. I can say that Bitcoin is changing lives. |
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We have to accept that bitcoin is always like this. Yes, and we don't have to worry if its value falls, because sooner or later it wil rise again but higher that before, which is good. We have to deal with its votality, and we must be ready whatever happens with bitcoin in the near future. We must know what to do in situations like these so that we can cope up whatever happens.
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We need both BTC and gold, just in order to diversify.
But, long-term, BTC price and value will be xxx times "higher" than Gold.
Gold is mined every year in tonns and bitcoin is only 21M supply forever.
I agree with you. We need gold now. But 10 years later, nobody will cares gold We cannot say that in 10 years, nobody will care about gold because we really do not know what the future holds; because I think gold will never fade away because it is an element... it is just my belief. In terms of acquiring bitcoin and gold, I'll go for bitcoin. Not everyone can hold gold because they don't have enough money to have one. In bitcoin, there are so many ways to earn and have bitcoins; you can even buy and invest it if you want. |
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Volatility is one among the major key factor with bitcoin. If there is no volatility, this could have never been that popular providing users lots and lots of earning opportunities. People fear about the volatile nature, but in reality it can't function as gold or USD in a stable manner.
This is true; its votality is the main feature of it so we can't remove it I believe it cannot be controlled as the users want; it will rise or fall depending on what is happening in the environment and bitcoin users have to deal with it. Thinking that bitcoin's vitality is unpredictable and inevitable, we can say that we are the ones who need to adjust in these kind of situations. |
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Sure it is increasing. It is a new way how to pay for something and people get interested. As all the good news around bitcoin are becoming prevalent over the bad news, it is becoming more acceptable.
I'll agree with this. Besides of the reason that it is a new way in processing something, its value is surprisingly big and increasing nowadays. There's a possibility that shopping sites will soon accept bitcoin as payments, and shoppers who own bitcoin wil not have a hard time converting it to fiat and they would not bother change it. |
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It would be the same situation when it was still all fiat. Nothing would have change with how the economy would be running except if it is in crypto, the government will not be able to control the inflation or deflation rate of the currency.
I had the same thoughts. It's not the currency makes the people safe, but the people themselves; on how they control it and hold it. The change starts to people who are willing to change and that change is for the good. We can use bitcoin as a tool to change something but it will not make a difference with itself only. |
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I believe it would go beyond that, because little by little, bitcoin is getting known by more people and if more people know about bitcoin then there will be more investors and companies that will enter and use bitcoin for their company or project because I also believe bitcoin is helpful in terms of these things.
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I think if that happens, I would still be using it because this is where I get my money for my needs and it can still be helpful for me because of the services I am doing. If bitcoin would ever be like this, then I don't have to problem about its value and I will be contented about it.
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Wow. Thanks for this. Abd add to that list that it is decentralized. Also, it can make unemployed earn money and help them from their daily needs. With these points we can encourage others to use bitcoin and later on they will be interested especially if they are having a hard time dealing with fiat currency.
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In my own opinion bitcoin in the future will become a large earning industry in the Internet.
Actually, it is today. Many people are earning money because of bitcoin and some even make this as their daily source of needs. Actually I started using bitcoin because I want to earn while studying. Of course bitcoin will still be a source of income in the near future and may even be more than it. |
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
Yes, that is true. Be sure to remember that investments are always risky especially here in bitcoin. If you are a risk taker then you are brave enough, and lucky you if the you have good investment. There's no bad in taking risks, it just shows that you are ready to face whatever comes in your life. Here in bitcoin, investing is a great opportunity to have money. |
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I am not completely sure about the way we are using bitcoin right now. If we eventually need governments approval to buy/sell bitcoin, isn't it means that bitcoin is not completely independent ? Then why should we rely on it ?
i think you are confused about the meaning of some words and what bitcoin is supposed to be. bitcoin is decentralized, which means nobody can control it. they can control you when you are living in a country/society and you are forced to follow the rules. it is like the traffic laws. if you build a car from scratch all on your own and in your backyard, it still oesn't mean you can cross the red light. you still have to wait like others behind it. with bitcoin it is the same. regulation means you can not use bitcoin to launder money for example! This is true. Bitcoin will not be controlled by anyone, anywhere. The government can use it to develop economy, or the country itself, but they cannot put bitcoin under them. Whether used by ordinary people or powerful people, bitcoin will be fair to the users and it will do.its part in our everyday lives without looking who is who. |
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Universities are embracing accepting bitcoin for tuition, with Lucerne University of Applied Sciences and Arts in Switzerland the latest school to adopt. If anything, it's another clear sign the cryptocurrency is here to stay. https://futurism.com/schools-accepting-bitcoin-tuition/Even so... Bitcoin has been used to buy homes, and countries like Venezuela and Vietnam are beginning to truly embrace the currency. Now, certain universities are adopting the payment method of bitcoin for tuition, albeit with a few caveats. These things indicate that bitcoin will make a great change in our society and a sign that in the near future, we can buy anything by paying with bitcoins; just like what fiat currencies do. There are many wonderful things bitcoin has done nowadays and it is clear that it will do a lot more in the future. |
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I wish I could spend my bitcoins locally or even in my country at all (easily). Although it has helped me hang onto them and earn quite a bit over the years.
Same goes with my country. We are thankful Japan has started accepting bitcoins and it can be the start to make the range of bitcoin wider. Sooner or later, when many of the people in our countries are familiar with bitcoins, maybe some retailers and companies are already accepting bitcoin as payments. |
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