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If bitcoin price will be fixed and will stay as is for good then it is not worth investing anymore. Volatility is one main reason why people invest in bitcoin. If bitcoins price become stable and does not move then you can't earn profit from it. Bitcoin will become more like a currency if thats the case.
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Yes when investing in bitcoin there will always be risk involve. If you are scared of taking risk then bitcoin is not for you. But if you really want to invest you can try little amounts first so you won't be scared if you will loss it then if you get the hang of it you can go up.
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I have not got any damage from bitcoin at all. I started bitcoin by participating bounty campaigns which I earned tokens and trade them with bitcoin. In other words I have not bought any bitcoin from my own money, so if I loss my bitcoin I think I won't get so hurt for I didn't invest my personal money at all.
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Twitter and google are my sources of latest informations about cryptocurrency. Twitter is quite convenient for me because I am mostly on twitter all the time. I also like this forum, it has a lot of informations that is quite fun to read and you can interact with other people who are here.
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I only buy during dips and when the market is not doing good to make sure that I earn profit. Buying bitcoin when the price is high is not ideal right now since bitcoin price moves so fast frequently. If I were you I will wait for another dip and buy as much as possible then hold it.
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Bitcoin is and was never a ponzi scheme many people have proven that. If bitcoin is a ponzi scheme then bitcoin could have die out years ago yet more and more people are buying and using it. Bitcoins popularity still increases and people are still crazy about it while you are still hating on bitcoin instead of enjoying its benefits.
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Believe it or not I didn't lose anything at all. All ai did was hold on to my bitcoin no matter how tempting it is to sell. No matter how bad the market was I didn't sold not even a single bitcoin for I know this red days will be over and I will be able to gain profit again.
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Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
But somehow, numerous citizens want also the bitcoin to be centralized, because others believes it can remove barricades and walls to allow more easily reached and democratized financial and economic infrastructure.
For you what is your own perspective regarding this matter?
Bitcoin will not be bitcoin if it is centralized. Decentralized is one of the main selling point of bitcoin and is the biggest reason why people are crazy about it. Centralization can definitely kill bitcoin. Those who say that centralization of bitcoin can destroy barricades and walls will be the one responsible for its fall. |
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Yes bitcoin mining is definitely expensive and requires a lot of maintenance. I was planning to start mining but when I researched about it I realized that it's out of my league. The mining rig is expensive and way out of my budget plus the maintenance is too much for me.
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From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .
that is actually good news for us who trades bitcoin specially those whose transactions are small amount. Everyone used to conplain that the bitcoin fees have been outrageously high. I do hope it will not have a negative effect on bitcoin though. Nonetheless this is a good news we can enjoy. |
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This is one of the reasons why I don't sell all my bitcoins because I believe bitcoin is the future. I'll continue holding most of my bitcoin for future use. I see a lot of people panic selling when the market is not doing good but me, I will keep on holding it and treat it like my savings.
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Banks and government are scared of what bitcoin can do and that is changes. Government likes to have control with everything they govern and bitcoin is one major threat for them because they can't control it. Every transactions made with bitcoin is hard to trace which makes it hard to tax.
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No bitcoin will not die because of global regulation. I think no regulation can stop bitcoin at all. Even in countries that banned bitcoin, peoole are still using it without the governments knowledge. One big example is the people in china, despite their hovernment banned bitcoin, people are still using it on the down low.
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Thank you so much for that information you share. There are so many newbies out there that will be able to get informed because of your post. I agree with you, no matter how secure your wallet is but if you don't take extra precautions when dealing with it then you will likely to get hack.
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As far as I know many banks have started to accept bitcoin already. For example I heard there are a lot of banks that has started to accept bitcoin in the Philippines. With bitcoin becoming more and more popular and mainstream, sooner or later banks will have no choice but to accept and adapt to these changes in order to stay relevant.
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I believe that will definitely happened. As much as we love bitcoin, eventually something new will come and takes its place just like the saying when you're on top there is no way but to go down. But as of now we can say that it will take some time before that happens. There is no coin right now that has the potential to replace or at least reach the same heighs that bitcoin did.
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There are a lot of freelance job available online that pays you with bitcoin you can try to check it out. Since you are here why not try participating in bounty campaigns. That is one of the main source of miney of people here on this forum. You can also try joining airdrops which is a lot less easier than bounty campaigns.
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Yes it is not ideal to sell bitcoin right now since the price is going down. Some have their specific reason why they sell bitcoin despite these certain circumstances. Example for me I sell my bitcoin wether the price is down or up when there are emergencies and I don't have money.
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For me I only sell my bitcoin if I need to buy something and I don't have the money at that moment or if an unexpected emergency happened. Other than that I don't plan to sell any of my bitcoins. For me my bitcoins is like my savings which I only use for future expenses.
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Yes exactly, bitcoin will not die. People should stop saying that bitcoin is dying just because they are losing big profits or just because the price drops. Yes price drop is normal and is bound to happen. It has happened before and it will happen again in the future. They say the price of bitcoin is low now but in reality compared to the price before, bitcoin price right now is still doing great.
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