When big boys enter the picture, the rule has changed. Bitcoin then becoming a fprm of investments, and no longer the original vision of satoshi, iguess its really inevitable, specially during the 2016-2017 when it peaked at around$20,000. It become a speculative asset, and others tske that as a opportunity, trying to make quick bucks, or even putting thier whole life-savings hoping to become rich.
one should understand the valitility feature of bitcoin, that should guide our decision to invest in bitcoin, investing all one has on bitcoin is a very wrong decision to make, yes things may work out the other way but thats very rare especially when it comes to investment.
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i think thats the issue the government is having with bitcoin, the government always want to regulate the way things are done in a sovereign system and its for the betterment of the citizenry. For bitcoin, the government will definately gain control over the digital currency else it will affect it acceptability worldwide. For bitcoin to achieve it objective of been the world first digital currency, the government must be involved in it.
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corruption when not checked on an earlier stage can destroy and reduce a rich country to become poor. corruption destroys a nation and makes her become a nation that depends on aides from other nations.
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the risk is worth the while, its an intended and unavoidable risk one must take, yesbitcoin prize is currently going up and bitcoin investors are happy to have take the decision to invest, but for those intending to enter the market, they may be skeptical not knowing the next thread the market may switch to. but at the end taking a risk to invest in bitcoin is a calculated risk that is worth taking.
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engaging in facebook bounty, one has to be a very active facebook user, if not so one may miss out when the post to be shared is posted on the news feed by the ico,
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the future of bitcoin is sustainable, the world is gradually moving into adaoption of digital currency, and bitcoin would be the world first digital currency, there is no doubt about it, the value of bitcoin will keep appreciating in value.
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the main duty of the bank is to save your money, despite the fact that your money is not entirely safe with banks as inflation could catch up with your save money and it is devalued overtime, but the cryptocurrency is aninvestment where intest is accrued as long as the coin value increases, investing in crypto is more wiser than just allowing your money wallow up in a savings account without interest,
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for nigeria, i think the problem with bitcoin is the lack of adequate publicity of the coin, there is no proper awareness, but the future is bright for bitcoin here in nigeria, much need to be done, but nigerians are skeptical about investing their funds into what they really dont have an indepth knowledge of, but with time the acceptance of bitcoin will be high.
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despite the volatility of bitcoin, the major factor that scare investors from investing in bitcoin is the false publicity about bitcoin to the public, i think bitcoin needx more publicity and more investors who are willing to hang on the coin in good or trying times, bitcoin needs more committed investors who despite the volatility of the currency are willing to stay put to the currency.
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it is not always advisable to invest all one's saving in bitcoin, there are different motive of holding money, for speculative, precautionary and transaction motives which is money set aside for investment purpose, when one invest all his or her savings on bitcoin, cash may not be availailable to meet other motives of holding money.
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smart phone minning is very possible, change is very constant and with the threads tecnology is heading towards, we may wake up one day and see a bitcoin minning smarth phone.
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for barter to have worked out as money did, there need to be mutual want between the both parties involved, so from the example above, there has to be an agreement or deal between the bank and the consultant, the bank has to provide suir for the consultant services.
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in five years from now, cryptocurrency will become a globally acceptable digital currency for transactions, as the world is gradually moving into cashless society, cryptocurrency is the best way to go. five years from now crypto currency will be generally acceptable for transaction.
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the reason government are against bitcoin is that bitcoin will reduce corruption to the bearest minimum, with bitcoin, sidefoning and misapropriation of funds will not be possible because of the volatility nature of bitcoin. I think bitcoin is too transparent for corrupt politicians to accept as a means of transacting.
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is wono the owners of the assets? or they link assets owner with services providers?
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the anticipation is understandable, especially when you tend to move with the tides without indepth understanding of the market, but on a personal note, investing now that the price is low is wisdom because selling at a future rise in price automatically skyrock you to become a millionaire, is that not why we are all in this business?
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in my country, trasactions are gradually creeping into digital the economy is gradually becoming cashless, its a gradual process and my country is moving with the threads, you see situations where all you need to have is your debit master card and a pos terminal or an atm mechine one can purchase and make payment without physically holding cash. Very soon the world will become a global casless society.
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The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.
i share your view, cryptocurrency is the answer to ending the fight against corruption, with cryptocurrency, politicians will find it difficult to sidefone public funds and divert such into private account because of the decentralized nature of cryptocurrency. funds meant for execution of public projects will be well utilized for the said purpose. i think cryptocurrency is the answer to end corruption.
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thanks to the wono team for this initiative and utilizing blockchain potential to ease access to exchange and rent of any assets and services
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the best thing to do with one's savings is to identify a prospective investment and invest in it. yes there's not a profitable investment that is risk free but carefully studying the threads of such investment could give you a clue of when to make a go decision, and whatever risk may be involved in an investment is worth more than just saving such money in a bank account.
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