The first main reason is the decentralized system. For me personally it is main reason why I use Bitcoin. I want to be independent and as a result I don't need the government know how many money I have. It is really cool.
As for me bitcoin system has always have its advantage and cons, being decentralized system is one of the main reason that makes crypto currency and the bitcoin unique, secure and transparent but its advantage will be our disadvantage if we lost all the key pertaining our assets in crypto since it is decentralized then no third party that we can ask for help if something goes wrong with our wallet. |
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It is actually simple.
When you do have a goal then reach it. Do not just try to reach it or make it as a maybe. It should be a strong will to do it and no one could stop you even yourself.
I have almost the same experience and I am neither poor nor rich. I have just the right amount to start. Yet, from a scratch I made something. Keep on doing it and you will somehow found yourself in a better position to dream higher.
Yes, there is no harm in trying to do things in order to achieved our goal even how many times we failed but if we have determination towards our dream then no hindrance that cannot be solve, like dreaming to be financially free out of nothing then bitcoin will be the great opportunity that help us to achieved of what we want, by participating bounty campaign is a good start to be a successful crypto trader and investor so everything is possible. |
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Believe me, you are not the only one. It seems to me that every person who lost most of his deposit is already tired and just wants to take back what he had before. This is the dream of many people and it will come true, but the greed of people will not allow them to take back only their own.
Most likely people do that offensive act will not succeed on their life because karma is real and what you have done bad things to others will go back two times to you as easy money will easy go and everything will be gone from you, I know there are people doing that as my friend experience already that his name was double entry by others. |
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I was following a thread and was amused by some of the answers. I'm interested to see how much people know.
I think no one will know that you have your own bitcoin unless you will share it to them, what I mean is that you tell them about it. Also if you secured it and place it in a cold storage well expect that no one will know it. Just be wise and responsible on bitcoin you have. Yes, it is hard to know that you have own bitcoin because blockchain is a decentralized system and no third party knows you have that kind of transaction, even if someone intentionally search but still they don't know the person behind the wallet address. |
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Why not bitcoin can be used as a currency in the worldwide nation i guess all it required is time, the government meant not like or being afraid of bitcoin today that don't mean it can't change tomorrow because it only thing that is constant in the world today is constant anything meant change at anytime i so much believed in bitcoin and i know it will the used as a local currency in some country one day.
Yes, I believe that crypto currency will be the global electronics currency in the future because the trend of world's technology is to make all thing digital as we are marching towards the internet of all things therefore everything is in a way of digital transaction and basically it makes people life at ease but I know it cannot be happen as of this time since not all of us have the capacity to adapt this new born technology because we are all living at different society but sooner if the people live equally in terms of education and technology then bitcoin can be now a global virtual currency. |
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too much trust in predictions that really do not need to be believed. become a panicked seller when others panic. that's all I can add  I think the most factor that makes us poor in crypto is when we have mis judgement and wrong decision made due to panic selling and always investing in an unsuccessful ICO and if this successively happen then surely we will end with empty wallet. |
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One of the main pluses could May very well faced head-on designed by instance I just typed crypto, will be Escape which is within your dislocation destination. Then I now survived through 3 completely different towns, cities with my use, solely cut down living spaces not to mention working hard constantly, because of your Bitcoin.
Like fiat investment bitcoin also has its advantage and disadvantage but as for me there is a lot of good things than unfavorable one in bitcoin investment and the part I like it most is its opportunity to give profit even a short period of time only that we don't have any assurance of when since bitcoin is very volatile. |
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bitcoin can't buy Gold or Silver because in many country bitcoin not legal payment. But if you witdraw your bitcoin to the money you can buy Gold or Silver.
As of now I haven't encountered an institution who accepts bitcoin as a payment for buying gold or silver. Until now there's still many countries who sell gold but doesn't accept bitcoin. It would be a good idea if bitcoin can be a payment for buying gold or silver.silver With bitcoin's development I really think and believe someday it will happen. Only few establishment that are accepting bitcoin as mode of payment for any purchase of goods and services maybe because bitcoin transaction speed is still under developing stage, but we can buy anything from our bitcoin asset by converting it first into our local fiat. |
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In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
Bitcoin needs a strong push to invest in it to make it more stable. It gives the credibility of ensuring that users use it as a commodity trading tool because they know it is worth it and that value is widely acknowledged. From there they will use it more in transactions, paying the fees. Thus bitcoin will be considered as a currency. Yes, bitcoin can be use to buy some commodities directly from bitcoin wallet or through converted into local money and with that reason the bitcoin is considered as an electronic money even though its not theoritically a real currency but it has a digital value that have corresponding equivalent to US dollar and I think its deserving to be called a currency. |
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Icos look for bounty hunters to promote their project through the power of social media.Sometimes, some of these hunters also double as ico investors. But it looks like bounty hunters understand ICOs project and are able to determine very good projects before they invest because of their experiences in different projects.
I think it is possible especially if a bounty hunter thinks that it would be a promising crypto once launched and listed in the market. It would also be their form of support in the project itself aside from participating on its bounty program. One thing is for sure, a bounty hunter would also go for a way in order to earn bigger profit out of every opportunity. Certainly a bounty hunter can invest an ICO as long as he lives in an unrestricted country because mostly of the investors as far as I know is a pro active members of bitcoin talk forum, so sky is the limit for a bounty hunters on buying coins at the ICO. |
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When I see someone say Birtcoin is Illegal, I observe if the person is ready to acquire knowledge or just still after the old system he/she is use to in terms of forex,stock exchange, I explain details I know about BTC and also show proof of my earning from BTC, as this tend to convince better. No one tends to doubt your proof.
If I hear someone say that bitcoin is an illegal thing then my conclusion is that he/she doesn't have knowledge about bitcoin and what he/she say is just came from a false hearsay from negative media, if I have a chance to tell him/her that bitcoin is not illegal but someone use it illegally by scamming people and use the name of bitcoin then I will do to make it clearly. Most government as of this time still doesn't adopt the blockchain system of crypto currency but it does not totally mean it is illegal. |
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I'm not panic. I believe in bitcoin and the entire cryptocurrency market. I believe in blockchain and that in a few years it will be widely spread. My task is to increase the amount of cryptocurrency in the portfolio. The market will definitely turn green again.
Its normal to feel worry that if we can buy a particular coin from an ICO and we can see that our coin is in a wrong way on the exchanges we have expected and have a very lower price but the very best thing to do is to hold because there's nothing we can do on with that but just to wait its rise, since I have my motto that to be profitable or nothing because I will never sell my coin lower than my buying price and I will let it sleep within a long time until its time to shine by having good value with reference to my buying value. |
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Most of us who are involved in this market continue to believe in the great potential of bitcoin in the medium term, and in fact, one of the most important motivations that lead to build the idea of bitcoin was to propose a functional alternative to the current centralized economic system, based mainly in the dollar.
Therefore, it would not make much sense that those of us who are looking for alternatives to fiat money, have in mind as a first option to exchange our valuable bitcoins for dollars. And that is why in the crypto-universe there will always be an understandable tendency to prioritize the use of bitcoin instead of the dollar.
Yes, that will make sense because even though there is always a dollar option in every exchanges but still most people do not exchange their bitcoin into dollar but still its an option, and in our case that we are not craving for dollars because here in our place we normally used coins.ph and only ethereum,bitcoin and peso are available so we prefer to exchange bitcoin or ethereum instead of dollars. |
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I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again  These big swings are cause by: Inside news or tips about big trend changers, ETFs, etc. Market trading analysis at a turning point, Inverse head and shoulders, like we had at 6400, and broke to 7800, 8400+ Market short squeeze, where investors buy back bitcoin they borrowed. The big facilitator is, of course, adoption. Back in 2017 we had 10.000.000 Wallets. Now we have 23+ million. Coinbase alone had about 13m+ No one really knows why it drops. If they knew, would make billions, wouldn't it? I think the very most reason affecting bitcoin price to go up and down is because of market vulnerability of any changes of supply and demand, so its very volatile. Dumping and selling of any crypto coins particularly in bitcoin will abruptly affects its price. The whales and the day traders are the main subject contributing market changes. |
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Note: See on the right side of each post (top right corner) there is "+Merits"
It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.
Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.
Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.
Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.
Bitcoin is a part of digital money. How is digital money is your country ??
At this point in time digital currency is happening as bitcoin and crypto are getting into countries through its users. About cashless society, for now many are using debit and credit cards. I believe later on as the years go by, cashless society will not even use debit or credit cards as technology advances so much now. As people are so focused on technology later on everyone are into digital. Certainly a digital money will make cash extinct, like the current use of debit card, credit card and most likely in automated teller machine and the unleasing of crypto currency will totally make cash obsolete in the near future. I believe that the rise of digital world will fueled crypto currency to lead the way digital monetary transaction. |
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Do you sell because of the rise/deep in the market, or do you sell because you actually needed the money and not because of the deep/rise of the price, or you're the type that just jumps in pick some profits and jump out?
I am a long term holder of altcoins. I sell my tokens (both alts and bitcoin) when I am broke, and when I need some money. I don't sell because there is a deep in the market, I sell because I need to. So, what about you?
it is depend on the situation. if i need urgent money, i will sell it immediately. But if not, I will sell my coins when I know that coins turn to bad coins and don't have a future if i hold it for long term. if the coins have a good future, i will hold them. The coin I decided to sell was my reward token from my previous bounty and I had decided to sell it since at that time the value had gone up. I had received the money in fiat after it was traded for almost 2 days and I was able to use the money for my monthly bill payments. Signature bounty campaign is a big help for me because I was able to earn profit through my participation and I hope it will continue to last more. I believe that each and everyone has its own reason and purpose selling their coins and mostly because of money and those selling with markets are red are obviously need money, but as for me I always sell my coin with markets at high even though I really need money because holding still the best option. |
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The government is greedy. They want to make money out everything possible. A decentralized currency means they cannot place taxing and controlling rules upon it. Which means they do not get anything in return in allowing it's citizens to use cryptocurrencies. This can hurt the government by providing less service since they cannot maintain it but the government isn't always looking for the good of it's people. You are spot on. The governments are getting greedier by the day. Only the air we breath and the water we drink are tax free as of now. And I don't know for how long the situation will remain like that. Here in Indonesia, the taxes are crushing the middle-class people. Well, its obvious that most government doesn't give good image for bitcoin since in the first place they can't take such benefits for income taxation for crypto currency is a decentralized system and if more and more people coming for crypto currency and they will left their corporate job then obviously its a big loses for income tax. |
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Why panic? I think the panic in the crypto-currency world is not appropriate at all. You always have to be clear about what you're doing and think before you do anything. As they say "measure once seven times cut" So if you have already noticed such dynamics, I recommend to continue to respond to such a situation deliberately.
Yes, at my first engagement in crypto market I am very particular for any market changes and feel such fear emotion of losing my assets which I have invested but now that I already gain such experienced then I now know that there is no need to panic because crypto coins is always volatile and holding is the best option to conquer fear for I have my motto in my investment that profit or nothing because I never sell my coins below my buying price. |
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Not too difficult, if you have only one campaign...
You can use a simple agenda, or to do list, and - with little effort - everything is well managed. That's all.
Good management of our bounty campaign will save our time spent for it and most important is to follow all the rules and regulation set by the management, and on my side I always do bounty campaign before and after my knock-off time from my corporate job and I always take care of my bounty for it give me a good extra income or greater than my main salary. |
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