For me the only ways bitcoin would die as a currency is one: if it loses all of its users, and two: if the whole world bans the usage of it. This would either illegalize the bitcoin world or it would demonitize the value of bitcoin, rendering it useless. We just have to hope we stay patronizing bitcoin as it is today and no more government would ban the usage of it.
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I am prwtty sure no one could taxate cryptocurrencies such as bitcoins because the users are anonymous and hard to be traced down. furthermore it is not a government property or project so I couldn't think of any good reason to tax bitcoins.
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I do think so, with how it took the internet by storm last few weeks and the amount of people that are interested and invested in these weeks, it possible that there might cime a time where bitcoins are widely accepted and cryptocurrencies might even make it to be a currency of a country. It's high popularity and huge purchasing power is not one to just disregard.
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Yes it is risky to turn all your hard-earned money and possessions for bitcoins, bitcoin value does not always go up and down as we all know, and we never know if one day it will receive a huge rate drop. It is wise to invest a bit of your money on bitcoin and study the market well.
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In my own thoughts, investing in bitcoin is not dangerous but risky in a minimal level, you would have no fear of losing all your hard-earned money on investing with bitcoin because as we can see and observe its value rate is very stable and fast-growing. Which means any loss fron the last month could be recovered in the next. What's dangerous in my opinion is the fact that there are many scammers out there ready to put their hands down on your bitcoins. So as a rule of hand you should be mindful of what you surf on the internet and don't easily trust websites that ask for your bitcoin wallet or such.
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People are entitled to their own choices and beliefs. If people who condone bitcoin couldn't be persuaded. Then let's just respect their decisions as responsible bitcoin enthusiasts. This will not only dodge unwanted issue among the bitcoin community but also would give our community a good image.
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Unlike the normal currency we use today, bitcoin is not powered by gold or oil. In a sense, if bitcoin becomes powerful enough to shadow the value of tangible currency, we may be able to lessen our impact on nature. Since there wouldn't be large-scale mining for gold or for oil anymore. Moreover, since bitcoin is powered by a private sector, it deprives hungry elitists and capitalists money which will hurt them.
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I guess every investment has a number of risks, and that is also evident in the case of Bitcoin. Though we can see that Bitcoin is a fast-growing currency, it too has its own ups and downs, which may hurt the investor by thousands of dollars. However, with bitcoin being a stable currency, we can confirm that it will never go obsolete and if its value goes down, it can recover in a matter of weeks unlike tangible currencies that takes years or even decades to recover.
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I think it is not wise to just donate bitcoin to the poor, but it is wise to give them a capital to buy bitcoin and inform them on how to operate and use it, in that way, the money is still retained and they might also encourage others to invest in cryptocurrencies, I might also donate my bitcoin to constructions of public facilities that will improve the quality of life for those people that are needy.
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Yes, in a very good manner, because of the current good reputations Bitcoin gets especially on Social Media Sites like Facebook and Twitter, many people are interested and are engaging in the Bitcoin Community, which furthermore increases its monetary value and therefore making it more valuable.
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For me bitcoin is a good mode of payment. Because it is versatile and can be used in different countries worldwide, furthermore, this appreciates the value of bitcoin. That's why bitcoin investors are able to benefit with this kind of system.
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
that is a very ambitious and risky move I think. Bitcoin Prices are not constant, there are times when it will increase dramatically and there are times where it would decrease. I suggest you still retain your job right now, and juat invest a few of your dollars in Bitcoins.
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If people lost interest in cryptocurrencies and also began converting their bitcoins to more promising cryptocurrencies like dogecoins or the likes. this will drastically hurt the value of Bitcoin and worse, might become the cause of death of the bitcoin.
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Just yesterday I come across one youtuber where he says he just wake up and saw his 50 btc was vanish from his exodus wallet and also before that another 20 btc was vanish he says he dont even know how this happen.
pls how can I escape this.
Since Bitcoin security nowadays are very high. It's just a matter of care for the owner itself. Bitcoin is high in value. They wouldn't just let it be bypassed by some hacker. You just have to take care of your username and password not getting in the hands of unwanted persons
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I'm trying to understand why are so many people against bitcoin? is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?
It was probably because of the huge uncertainty in the value of bitcoin itself. Like now, the price of bitcoin decreased, people wanted to make sure that they wouldn't invest in something they are unsure if would yield a great profit. Moreover, the security itself must be what scares people not investing on bitcoin. They think that because it is something that came from the internet, it is some kind of scam.
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Buy when the price is low and sell when the price is high! Like now bitcoin's deflation take too much i think its a quite a right a time to invest and buy to bitcoin. After this deflation, the demand for bitcoin will rise again like 2017. Notice that what is happening right now is just fluctuation and not a CRASH, if its crash then bitcoin should drop its price to a hundred dollars in just a day or within a week and its not.
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It could help the a community a lot because it have many benefits and advantage. Members by the society is helped by this cryptocurrency by means of earning money, like me as a student and part of a society it helps me a lot specially on my financial capabilities. I can buy things without asking my parents permission, i can buy anything i want and fits to my budget.Bitcoin also helps the country's economic growth.
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According to this article: https://www.investopedia.com/articles/stocks/10/5-steps-of-a-bubble.asp, there are 5 steps going to a bubble: 1. Displacement 2. Boom 3. Euphoria 4. Proffit taking 5. Panic I think we are in step no. 2 Boom, as the global MCAP is not even in the trillions. Also, the mainstream adoption is still in its infancy (1% or so), but the idea is that we need to stay alert about the first signs of a bubble burst. In which step do you think that we are in now? What do you think that those first signs will it be? What contingency plan would you implement? Thanks Bubble is when bitcoin dumping but i thin it will never destroy it becuase the market is so huge and i think people want to get more profit from bitcoin so they need to protect it from dumping they buy again the bitcoin will increase again so i think bitcoin is forevee because day by day and month by monnth people entering in the world of crypto.
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As indicated by predictions bitcoin should have achieved 15k$ by end of 2017 and fall in first week of jan 2018
In any case, shockingly its effectively reached 17k$ in 2017.
Should I purchase or hold my btc?I don't plan to sell at any point in the near future.
We all know that all things are risky so holding is a high risk this is like investing because you cant predict the value of your money after that but i think taking risk is more good than not holding it.
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What is more efficient? Be a programmer than gives you huge salaries for every project and codes? Or a Bitcoin trader, earner, etc.?
Both because both of them is my dream i want to become programmer an also become a god by earning or gaining bitcoin and i want ro become a good trader someday to get more bitcoin in the future.
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