Without the past halvings, the price wouldn't be at 600$ today. The previous didn't make that much difference just yet but it will eventually will. The mining difficulty will blow up as it is growing exponentially and that would make it very hard to mine new bitcoins that the only Bitcoins that'll be circulating are the ones that were mined before. It'll make Bitcoin very scarce as new investors come in and that would make the price of Bitcoin higher.
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Faking transactions might just lead to confusion on their end and that would even lead to loss of profit. I think everything on exchanges are automated. All the buy and sell are automated and they have nothing to do but do some maintenance every now and then. They will earn money even if they don't cheat on traders because of the transaction fee. Every single second there's money that's coming to them.
TL;DR: They can do it but they have not enough reason.
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These people that believes there's a "safe" way to double any amount of money just needs to stop fantasizing that idea. Regardless of how much it is, there's no way that you can safely double it.
I guess there are ways in the real world that makes you earn a lot of money but that would surely be illegal and would put you in jail in no time. I think everybody would prefer to live with not so much money than to live with a lot of money but you can't spend a single dollar because you're behind bars.
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If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic?
I think all of our answers were already mentioned by yourself. All we can do right now is agree with it. Satoshi created Bitcoins to prove that money shouldn't be controlled by "someone" AKA the government. All of the transactions should be publicized. There should be no tax at all and there should be very little transaction fee as well. Another part of the concept is proving that it should be possible to mine money.
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I think almost everyone has an ATM card and they can use it to buy Bitcoins online. People nowadays are too lazy to step outside especially when they are just going to buy something. Even clothes and other basic necessities are now being ordered online instead of going to the mall to buy them. What makes Bitcoin any different?
People would still choose to buy Bitcoins from their home. This idea isn't that bad because it would somehow raise awareness about Bitcoin amongst non-Bitcoin users but the impact that it'll make isn't enough to inflate the price of Bitcoin.
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Is Satoshi Nakamoto really the founder of bitcoin? - Yes, according to the Internet and to the people on the Internet at least.
Then why he did not show in public? - If you're a billionaire/trillionaire, why would you even need attention? Satoshi revealing himself will just cause a lot of stress to himself. I think his hard work is paying off right now and will pay off even more in the future.
What do you think the reason maybe? - As I said, revealing yourself when you're one of the most richest person in the world will just cause stress especially if you're the founder of Bitcoin. People have a lot of questions to the founder of Bitcoin just like how much questions does the humanity have to the creator of this world.
He might be a billionaire by now if he showed his true identity in public. - The publicity of his identity is irrelevant to how much money he has.
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I was curious about Bitcoin when people in my circle started to talk about it. Even my childhood friend knows about it. So I checked it out and it turns out that it's a new way to earn money online. Up to now, I'm using Bitcoin to earn extra income. I'm not able to get any part time job in my current area but even if I do, it doesn't pay as much as Bitcoin. Earning Bitcoins is so much easier and pays much more than having a part time job.
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My worst Bitcoin related decision isn't something that's solely about Bitcoins. It's about time management, too. Every night, I always get stuck reading stuffs about Bitcoins, talking to people in our group chat about altcoins even though I don't invest in altcoins that much, I just love talking and reading stuffs.
Today, my eyes have problem. I think I have astigmatism, I'm going to the ophthalmologist really soon. I totally forgot about my health because of my interest of Bitcoin and earning money.
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Imagine the best case scenario of those people who persuade other people into selling all their coins. The best case would be all of us will be hypnotized and sell our coins. The manipulators would be very happy because Bitcoins would deflate and at that point, they'll buy as much coins as they can. Don't just simply follow every advice that were given to you.
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People in my area knows that I stay at home and just go to school when I have to. They think that I'm some "fortunate" dude that only plays games on his PC 24/7. They didn't know that I'm actually earning Bitcoins. When I say to my friends that I'm earning Bitcoins and show them what I'm doing, they just don't get it.
They can't understand what I'm doing but I don't want to lecture each and everyone that asks me about it. They all say that I might get scammed, though. Poor people, the only thing they can do is hate things that they don't know.
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What you do with BTC - Buy stuffs online, trade with other types of funds, invest in altcoins every now and then. I also use Bitcoin to buy point to reload or top up my phone.
Where you spend? - On the Internet, mostly. Establishments in real life aren't accepting Bitcoins. There are people that accepts Bitcoin in their shop but they are too far away from my home.
Where you sell BTC ? - In coins.ph, I could sell it directly into our local currency.
Where you buy BTC ? - In coins.ph, as well.
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No sir. You are the blind fool. I'm just entertaining the fool. I guess that makes me the entertainer.
Well this blind fool caught your attention so the real fool is you! You aren't entertaining worth shit, you look dumb You will never win against a troll, thanks for reminding us.
Let's suppose that Bitcoin is "gone" for some "reasons". Then people would just migrate into another crypto-currency and make sure that what happened to Bitcoin will not happen to their new cryptocurrency. I guess the first one that people will think of migrating to is the second best coin out there. Just like in other things that has a ranking, when the highest one dies, the second one takes place. I think that's applicable in cryptocurrency too. People would always need cryptocurrency.
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Added! Thanks!
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I think Bitcoin is the new era of currency. The reason for this is the fact that anywhere in the world, they accept Bitcoins. I know that they accept dollars as well but not every single person would accept dollars as payment because he would have to go to a money exchanger first and pay for fees. It's a lot of work for many people. But if you're going to pay for Bitcoin (to another Bitcoin user, of course), it would be perfectly okay because he can convert it into his local currency using his Bitcoin wallet.
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I think one of the best ways to earn Bitcoins fast nowadays is to sell altcoins that has already been released but isn't in the exchanger just yet. Those are new altcoins and a lot of people invest on that. Since there's no exchanger, people don't know what's the current lowest price available. You can look for a friend that has a lot of that altcoin and sells it for a very low price and then look for another user that buys the same altcoin at a much higher price. Sell your coins to the buyer and then use the money to buy again from your friend. Rinse and repeat!
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Easy ways to earn Bitcoins wouldn't let you earn a fortune. Doing it repetitively wouldn't take you somewhere either. Typing captchas, sharing referral links, micro-tasks, using shortening URLs, etc. All of those easy tasks would pay you only a dollar after doing it for a couple of hours.
There were people who have made some money out of faucet sites but it was at the time when almost everyone was just starting out so faucet were an actual thing back then. People who have their own website or their own group to promote a link to the compilation of their faucet ref links are the ones who had the best time.
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I think so. Bitcoin has no weak spot that people are capable of abusing. People can only misuse Bitcoin but people can't spam Bitcoin to the point that it will go down. Bitcoin is a currency but it exists on the internet. Ask yourself, do you think fiat money would last forever? If your answer is yes, then Bitcoin will last forever, as well. If your answer is no, then maybe it's because you have doubts on Bitcoin.
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I guess this would somehow inflate Bitcoin's price. Plenty of people are into Bitcoin and watch live cams as well. I've been to a chat room like that before and people throw money as if it's nothing. Introducing Bitcoins to live cams website would open doors for new investors. People that throws money into live cams are actually throwing a lot of money based on what I have seen. Imagine if those were in Bitcoins. It might not inflate Bitcoin to the point that it's a major pump but I'm sure it would help.
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It would be really funny if someone really did follow this advice and come to this thread ranting about it. To be honest, a lot of predictions are there. Some are agreeing to each other while some contrasts other predictions. Nevertheless, all of them are simply a "prediction". You can't tell if that's actually going to happen. This thread is an example of a prediction that didn't really happen.
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With bitcoin sometimes small transactions can get lost and takes ages to return to you that's one problem I have and also that we can't use it in so many places yet but that's not really the fault of bitcoin I guess.
I have never encountered small transactions getting lost. Please post a proof or something. Because as I look at how Bitcoin works, almost everything is perfect especially when sending/receiving money. The exact amount that you sent minus the transaction fee will be received by the other person without losing any amount at all. There's no shady stuffs going on in blockchain that would cause losing small transactions.
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