The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.
Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows.. It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese. As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options The reason why china has the most crypto mining company / farm because of its cheap cost. China offer cheaper manpower cost and at the same time cheaper materials. Which I think why most of the investors are investing in this country you are right, their electricity costs are really small to be honest, in my opinion its the main reason why china has such a big impact |
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Someone could hand you a coin with the words "One BitCoin" written on it, but unless you had access to the block chain to verify that the Wallet Address did indeed have BTC 1.0 in it, then you would have to really trust the person offering you the coin.
If you had access to online, then why the need for a coin? So that it can jingle in your pocket?
At least with printing a Paper Wallet you have a QR code you can scan and verify the contents of the Wallet.
you are right it is actually possible to mint bitcoins though there is a possibility that no one will be accepting it because of lack of knowledge |
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Yes, bitcoin is safe if you compare with many other payment methods, it is actually one of the safest methods in my opinion.
you are right, in my opinion the price of the bitcoin is going to grow only in the future and it is like impossible for the bitcoin to be stolen from cold storages |
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I am not sure we can, but at my opinion , miners in china with can do this if they will unite, cause people who mining always have enough coins to sell and etc.
the small investors such as me definitely cannot manipulate the price and i doubt that it is ever going to be possible for us because the volume is just too big now |
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Not very often, usually once or twice per month. I have plans to use most frequently.
the same for me, to be honest i like to only get some bitcoins and i never try to use it in order to benefit a lot from the bitcoins |
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I don't think to quit my day job to full time on bitcoin, because it's really risky and i won't risk my day job for it. I need to think twice about the future if i go full time on bitcoin.
im not planning to do that either, to be honest i think it is way too risky thing to do because bitcoin price is really not stable right now |
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I really want to invest my money into cloud mining but i can't, everytime something preventing to me, and everytime i am catching myself on think that it's risky.
If you dont wanna your bitcoins send them to me, because invest into any cloud is the same as donate coins. There are no clouds that will allow you to roi, they get your coins and may invest into new equipment but the main results stand with them, they share a small portion of what they get. yeah it would be really great if people sent the bitcoins for free though there is no free money no one will actually do that in my opinion  |
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You can start by promoting bitcoin with some attractive way ,
Let say : Giver her some free bits and it can be purchase like fiat. And for some selected country that already accept bitcoin as main payment, they probably can act like CC so women can shop more freely
yeah, it might be the best way to make her interested in bitcoins, though i doubt you should force her to use it if she wouldnt want it herself Why make. I do not see any value in order to force a woman to use bitcoin. Perhaps it is not interested in the type of currency, but in reality its presence. thats true, in my opinion there is no need to force them to be honest, i think that most of them will not want to use it |
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Spending all your money in bitcoins was a goos idea but there is a big risk of it. Why? especially nowadays not all countries adopting it, maybe for now much better to go ride on in the trend in bitcoin world. For us to avoid to broke situation.  it wasnt a good idea at all, you should only invest into bitcoins the money you can afford to lose because no one can predict the price and then you might become broke bitcoin is proto - the first of a new way of transacting. There are also other coins to invest in. I prefer to spread risk and not put it all in one bitcoin basket, especially since the high price of bitcoin can have dramatic ups and downs and influence the dollar worth of your coin. And yes only put in what you can loose without going broke. It should be spread across Bitcoin, gold, bluechips and other stable investments. Bitcoin is the most unstable of the lot. Because bitcoin is fairly new and has new improvements and developments in the community every month. Bluechips? No. ETFs. thats true, in my opinion the improvements are going to be done to bitcoins all the time and i doubt that anything will change |
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I do not enjoy sending my bitcoin because i feel lost, my balance was deducted because i send my bitcoin to others and i do not feel good in that, but i feel good only if i am a receiver that is all.
Well i don't feel losing when i send them somewhere like spending them on my mobile balance or somewhere for trading or buying something, because directly or indirectly i'm spending them on myself so i don't feel that is a loss at all. the same for me, it is the money i earned and i can do whatever i want with them and get some kind of a reward |
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it is very possible. you can earn money from the profits into escrow. escrow usually attracts a fee for every transaction made. it will make the escrow become one of the lucrative job.
well you are right, though you have to be a really trusted person in order for people to use your services |
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to me if state impose tax on bitcoin its mean that they have accepted bitcoin that will be really a good decision, and it must be in favour of bitcoin, through this bitcoin will become more popular in the people.
I think it is impossible for the government to be giving taxes to the bitcoin users. bitcoin users have many ways to avoid their taxes. they can use a mixer so that they can not be detected by the government. I think giving ideas for bitcoin enacted tax is a strange idea it's not impossible but it's like a miracle for the government, and what a way of government for giving tax into the member always changes their address for every day or weeks? using bitcoin is a one-way making stupidity for the government. they can't give tax with as they want. Agreed it is not impossible that government will be accepted and impose tax every transaction of bitcoin but this is not good for the users of bitcoin because as of now we are happy to use bitcoin without tax incurred in every transaction while if government take advantage to impose tax in bitcoin i think we can not enjoy the rebates in every transaction we made. they can never impose taxes for "evert transaction" of bitcoin. for that they need to know where every transaction is coming from and where it is goind. they can only take taxes from the businesees and that is all. thats true, bitcoins will never have any taxes to be honest, in my opinion thats why it is such a great currency |
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I plan on buying and holding and wait for it to go to over 100k... there isn't any other way. I can't think of any business that would give me money, so im stuck with working a shitty job and living with my parents so I can have some extra income to buy more BTC at the end of the month. If I wanted to live alone, I couldn't be able to have extra money to buy BTC since it all would go to basic expenses.
I don't think bitcoin will touch the price of $100k ever in future and if you are holding to see that price then unfortunately it will never happen. it will happen sooner or later, in my opinion even bigger prices will be achieved if the bitcoin is going to be gaining big popularity |
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I've 10% of my earning from signature campaign and the other percentage, i sell in exchange because i need use money for my life.
thats the optimal percentage in my opinion, i have something like that either and im really happy about it yeah, i never put in any more than 10 per cent into bitcoins because it might be really hard to make money with it |
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Kim Dotcom is full of surprises. I hope he knows what he's doing.
yeah, i hope it wasnt just talks and we will see bitcoins accepted in megaupload pretty soon, that would be definitely good to bitcoin i hope only for good bad is just not in my book for now just to be half of what he said i would be happy yeah, that would definitely be enough though it might be just the rumors and nothing might happen either |
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Many people are aware about bitcoins in my country but the fact is very few of them are using it but in future may be many more people will join the ride if they are introduced to bitcoin in right way.
that good new from your country when press talking much again about bitcoin. for sure they will use bitcoin well it depends on what they talk actually if negative things then surely not a lot of people would be buying it |
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I see the one being talked about the most is signature campaign.
That can't be called "steady" for me.
Because it depends in your effort everyday/every week.
What if you got busy today and did not make a single post? No income?
What I mean by steady is an investment. Where you're just sitting about in your house while you earn money.
there is nothing like stable income until you have a good business model ..if you do work you get paid otherwise nothing ..is free coin in world thats true, in my opinion it will never be possible to actually get steady income with bitcoins because there are no ways to do that |
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What's the most valuable thing you can buy right now with bitcoin?
I only can pay my electric bill with bitcoin, because i don't have many bitcoins right now and i'm still earning bitcoin for now and when i have many bitcoins, i will buy a notebook. i cannot pay any bills with it unfortunately though i hope that it will be possible after a few years because it would make my life easier |
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There is a lot of videos and articles around the web about how the dollar will collapse on 27 September 2016.
I'm not sure how exactly they got this date, even If it's not the real date, It seems like a lot of experts keep saying that a collapse is coming soon.
Assuming that the Dollar collapse indeed , what does it mean for Bitcoin exactly ?
US dollar won`t colapse.USA is still the biggest economy in the world and the largest buyer. All the other big countries like China and Germany export goods to USA and they need a strong USD. More than a half of the world is using US dollars.There is no way USD to colapse. i dont think that it just wont collapse sooner or later it will come to an end in my opinion and bitcoin will have a possibility to replace it |
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Is it okay to invest in mining sites while it is newly opened?
i dont think that you should do that though because it wouldnt allow you to make any decent money because it will turn out to a scam sooner or later |
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