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For me, selling your house to buy bitcoins is a good idea, at least for now. It's a great time to buy bitcoin because we can expect that the price will rise again soon. The only bad thing is that, we don't know exactly when. You said that you will live on the streets until you can buy again your house, but you must be ready to be on the streets for longer than what you have expected.
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Well, I guess most people here already had some bitcoin or invested on bitcoins, so they want to earn their profits right away. But for us newbies, I believe that this dip is an opportunity for us to earn bitcoin or invest in it before the price go to about 20k again. The market always fluctuates and that's one of the most beautiful thing about bitcoin as an asset.
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Bitcoin is not easy to learn, there are many things to explore and ways to follow, it is complicated but if you make time and effort to study about it, eventually they will learn. It is best if someone will guide them when they start, it will give them assurance that they are making the right thing, and there will be someone to guide them if they encountered something strange.
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Well, it's a bit sad because you could buy a larger amount of bitcoins from what you earned from selling your land. Though it does not mean that you lose some money already, it's normal that the price of bitcoin fluctuates, and as we see in the past few years, it is really going down at this time of the year but it always recovers and reaches new heights before the year ends. So don't worry, I'm pretty sure that it will recover and you will have your profit in the near future.
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I'm sure that we can survive without bitcoins. Though I dont believe that bitcoin will die, it's the strongest cryptocurrency, all other coins might die but bitcoin will be the last standing. In the future, maybe some coin will replace bitcoin from the top but it doesn't mean that no one will use bitcoin anymore and as long as there are bitcoin users, it will live.
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I will buy 30% Bitcoins, 20% Etherium, 20% Ripple, 15% Neo, and 15% Electroneum. I believe that many coins have their own potential but these were the coins that I believe the most.
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I believe that it will recover, so the best thing to do is to hodl. We always have price drops on the first quarter of the year for about five years, this thing is expected. Let's just believe on bitcoin, i'm sure it will go higher than last year's highest price.
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It already reached less than 6000$ this day, though it recovered a little by now. Let's hope that it will be the end of the dip.
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I rather buy bitcoins than mine them. Mining requires a lot of expensive hardware and constant use of electricity. Also, mining bitcoin is more difficult now that's why in terms of short term profit, its better to buy bitcoins.
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I don't think it's a must but I is a very good and profitable asset. It is better than gold in terms of ROI, a more secure investment and is readily accessible wherever you are.
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Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?
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No, non educated people can use bitcoins if they are properly guided. I'm sure they will be very interested to learn bitcoins, and with that, they will have the initiative to learn. We just have to let them know the basics and then they can explore it for themselves. Being not educated doesn't mean that they cant learn, if they have the guts, I'm sure that they will learn and later earn some bitcoins in the future.
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Because it is our responsibility to pay them. Government use out taxes for the benefit of the country, it is the governments source of income. Also, it is on the law, and we must obey it, unless we want to go to jail.
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Off course, all of us have goals in life, we have something that we want to achieve in the future. I joined this community having the goal of earning bitcoins to help on the financial needs of my family.
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Well, both currency has an advantage to each other. Both has limited supply and can be mined, the main difference is that gold is an actual currency while bitcoin is a digital one. The main advantage of gold is the price stability, unlike bitcoin, gold has a more stable price. Bitcoin price may drastically rise and have a deep fall anytime. Meanwhile, in terms of transactions, bitcoin has many advantages, being decentralized, anonymity, and can be used anytime and anywhere. And as you have said, no stores or supermarket accepts gold, unlike bitcoins which has increasing number of merchants accepting it as payment.
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