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The only thing that i know about the difference between digital currency and cryptocurrencies is that digital currency is run or the government is holding it they provide stuff for it to grow and for the people to use it while cryptocrrencies are moving on freely, government doesn't have power to control the crypto only the who's people using it.
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It is very easy to invest in bitcoin without being scammed all you have to do are make sure your computer is safe to us that it doesn't have virus. Next, don't save your private keys online all you have to do is memorize it or write it on a paper. Last, get advice from seniors or well knowledge about how bitcoin works.
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I read many articles saying that bitcoin will never be legalize on china because many people are using it as scams and only few market are "legal" to use but without the government papers. It is very hard for bitcoin to become legalize there because it is just virtual and it is very easy to penetrate the system.
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Honestly, I didn't expect the price drop of bitcoin to 20k to 6k I mean i thought this will only play from 10k to 15k but yeah we can't control the market. We made the price of it and we will suffer on it. But i know that this is normal so i just get over it.
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For my opinion the best place to live if you are 100% into bitcoin or crypto is the asian country specifically japan, korea and SEA. These countries are free country where you can do everything you want and the government will not limit you i mean you are on your own.
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I know you are just a newbie in bitcoin but don't worry this isn't the end of the bitcoin. Don't think that bitcoin will end, focus your attention on how you will be successful in bitcoin. You might find it hard but you need to try and stop reading news that bitcoin will fall, that the end is near. Just ask advice from seniors to get legit news and information
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Governments should accept crypto because this will help their citizens and the country itself. Accepting crypto is like giving your people another way how to become successful in their life. It is an investment that everyone will benefit. But the government must have surveillance on what is happening.
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Bitcoin really helped me a lot with my mental aspects like I can't have things easily, I can't get stuff in a couple of seconds i need to wait for it and give some effort. I am now more patient, and i dont make decision blatantly.
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For it is not about the age for me the ideal target group is the capability of these people to adapt to the changes. There are people that really knows how the market runs even though they are young and same the old one these people are very experienced.
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The recent happenings of hack are becoming rampant that exchanges are no longer safe. If the exchanges can get hacked this means you and me stand no chance at all so in view of this if you can do get cold wallet/ Web wallet to keep ur funds safe, never leave ur long term bags on any exchange.
Do not visit random links and also stay away from airdrops requiring your private keys or Passphrase.
Do not store your private key or passphrase online.
It's called a private key or passphrase because only you should have it and not even the developers of the app has access to it and that is why if you lose your keys you have equally lost your walllet.
Stay positive and waiting for the bull run.
Stay safe everyone!
This isn't new in this world. Everyone trying to hack someones account is just normal for them because they don't give respect to others. So all we have to do is keep our account secure, read everything twice before doing it. About the private key best thing to do is yeah don't save it on your online accounts but save it on notepad or anywhere you think it is safe. |
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Transaction fee is relative to the price of bitcoin. In other words transaction fee is directly proportional to the price of bitcoin meaning if the bitcoin price drops then the transaction fee will drop depending on the amount of drop. This may be the reason of reduced transaction fee. Another factor maybe the market itself like they are the one who put or value the transaction fee.
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Banks now are embracing bitcoin and other cryptocurrencies. Banks wants to be affiliated with bitcoin is a great move for them and that's why they choose to be part of it. Even though they know that crypto might there problem in the future if the the government fully legalize and support bitcoin. But for now they just want to be part of bitcoin trend.
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Currently, i am investing in an Icos that has a timeline of 5-15 years. I am really sure that this crypto will be like bitcoin in the next decade. I have this feeling that crypto in 5 years will go boom compare to previous years because maybe half of the people in the world knows what crypto is and how it runs and most of these people might investing in crypto.
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SO, we look at his full name we can easily say it that he is a Japanese or maybe either of his mother and father is Japenese. Since we really don't know he doesn't want to be known or reveal himself to us. All we have to do is thank him for his invention and be grateful that there are people who really wants to help themselves and others.
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Maybe the one problem that will still exist in the future is the people who are trying to hack the system and steal crypto same as making icos that aren't real and scamming people to get money from them. I think this problem will never end.
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Actually l, I don't call it "fall" because i know that this is just normal. The movement of its price every minute is just normal. Maybe if you ask me reasons behind the unpredictable movement it is maybe because of the users itself. Each investors wants their suggested price to be bought or sold so that's how it merely increase in a big amount.
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I don't do this every morning for about a month but now i think the best thing to do is check it every time i have free time. Like i know bitcoin price movement is not that very predictable but I really think that one day in a couple of minute its price will increase very high and then go back to its average price. So i am taking the risk of wasting my time.
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Actually this is really true. They message me once last week that they have this project they want me to invest to them because they have a great future. But of course i real thoroughly their project and search all the people involve and i discovered that these people are not even real like they just use others name. So be careful guys.
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This must be one of the greatest news or improvement of bitcoin. Like imagine in any country using bitcoin is legal and of course with government handling bitcoin will make it safer and convenient. This will help more people and help its economy to grow.
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I really like using bitcoin as payment service. Like it is very easy to do all you have to do is have a internet connection then if you want to pay your bills like electricity and loads then just convert most of your bitcoin to the real currency then there you go you already paid your bills online.
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