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If you talk about anonymity.
Swiss banks were secure. But those days are long gone. Originally they gave you a numbered account and asked for no identification. Now, you get a named account which is identifiable back to you.
Bitcoin only provides pseudonymity, not anonymity. All bitcoin transactions are linkable, and so once you identify a single point, you can follow it through every transaction (which is stored on every node) to follow the money.
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Bitcoin are not generally used for funding terrorist group. Banks already support money laundering, you can google some bank scandals. Yes bitcoin can be used for the same but so anything that have value. Due to the limited use of bitcoin, it is still not preferred.
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The bitcoin network has been running non stop for around 8 years, there is around 20 billion USD worth of value on the open network. With all the money hungry hackers in the world out there, none of them have been able to break the bitcoin network and steal that money. I’d say pretty secure…
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The validity of a transaction depends on several previous relevant transactions i.e
verification of previous transactions are needed in order to confirm the validity of the current transaction.Each sum of money that you have in your account is composed of several transactions through which you recieved those money.Larger sum means more number of transactions involved that means more number of transactions need to be verified.
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In my opinion for it to become widely-accepted you should be able to provide for most basic needs: Food, Shelter, Clothing and Energy.
The first three are not so difficult to arrange for but the last one it quite hard because international oil trade is not arranged for in Bitcoins, however the adoption of merchants of food, shelter and clothing could create the basis for a strong local Bitcoin exchange market.
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I spread mine out between offline paper wallets, my Android wallet, my PC wallet, and a couple online wallets. There is a trade-off between security and convenience. Paper wallets are the most secure, but to do anything with them, you have to sweep the wallet, wait for confirmation, etc. By spreading out your holdings, you protect your holdings by reducing your exposure to any one wallet being compromised. Unfortunately, I had to learn this the hard way.
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I would think they are more of a tourist attraction than actual crime fighting vehicles. The police that drive them are very friendly and pose with tourists for photos with their cars. Also I've heard that the Ferarri FF was driven exclusively by women police officers!
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Bitcoin holds many of its features. Like anonymity and decentralisation. One thing that I like about Bitcoins is that all transactions are transparent in the ledger, i.e. any transaction made by Bitcoin is recorded for all to see. You may not know the identity behind the transaction, but the transaction detail in itself is recorded for all to verify and view.
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Bitcoin ATMs are a tremendous way for newcomers to be exposed to Bitcoin, and easily experiment with it without the pre-requisite of setting up an online trading account. More and more bitcoin ATMs should get open all over the world so that the more and more people get to know about it and get involved. I
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Yeah actually these are all those people who were scared of decrease in bitcoin price due to the possibility of hardfork. Many people invested in altcoins. But now as bitcoin prices are increasing, they all are coming back as there is no other better investment than bitcoin.
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On rational estimates, assuming no big hacks or general bad news, I think it will reach a peak of $1,350 this year. I’ve been following the price for a long time and now its high volatility is decreasing. So it will definitely reach $1300 this year. But more than that is tough to say.
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Freebitcoin.in is a best faucet. For newbies it is quite helpful to start with bitcoin.
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I usually analyze last some days. If it is a sudden increase, i would rather sell. But if it is gradually increasing, i will tend to hold.
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Its a fun game. I liked it. Simple and enjoyable.
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Yeah, why not. Until the seller is ready to sell it for bitcoins. You can buy the house. Bitcoin is digital money. And even if the seller is not ready for selling, you can convert your bitcoin into fiat and buy the house.
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To get rich with anything you need both a plan and rules.
With Bitcoin, it’s similar to other investments. Diversify Bitcoin holdings into various levels of risk depending on desired returns and profiles.
Example:
50% long buy Bitcoin
10% P2P loans
5% IPOs
5% Short/Options
25% Altcoins
Rules: Liquify asset if valuation goes 20% below initial purchase.
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Obviously, USD is more popular than Bitcoin. USD is here for like forever but bitcoin came in 2009. Bitcoin is still expanding.
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Investing is always better,to be successful in trading requires a lot of experience and a different mindset.
After being a successful investor, the knowledge can be used to learn trading and over a period will have the possibility to be successful there too.
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I think in everyday life, it is hard to use bitcoin because of it waiting time in transaction. Bitcoin is best suited for paying for online services like online shopping or any service on websites like fiverr where item takes time and there is enough time for transaction to happen.
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