Honestly, I have friends who either have stopped putting their money in Bitcoin or have totally taken it out as they were expecting Bitcoin to be a convenient way to make/receive payments. Personally, I think they are right but at the same time, hoping that Bitcoin will overcome this big obstacle from its total domination in the Crypto market.
My acquantances and friends have also withdrawn some money from bitcoin. But that wasn't the end of it, they spent that money on other cryptocurrencies. We'll see what will happen. |
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People should use Bitcoin because it can be a benefit to your financial needs like food, materials that is needed, health, relaxing and other that makes you happy and relaxed. Hmmm. How will that improve life in these areas with the help of bitcoin? Interesting. I do agree of course that if people will invest in it more, then I'll become a lot richer. |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, that's very risky. You can invest in bitcoin but not all your money. There are so many business you can invest your money not just bitcoin. Of course there are always risks, I agree. But what I would do, if I had a good sum, which I could use to buy a few bitcoins - I'd do that. |
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To be honest, bitcoin is partly connected with criminal activity, there are criminals who, for illegal activities, they hide their cash flows, evade taxes  Partly that's true. Right now the US is even selling purchased bitcoins that had been taken from criminal elements. But if criminals use them - that's just an indication of their reliability and anonimity. |
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What are the reasons, why people use Cash or Credit Cards / ATM / Banks?
* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
Most of us invest in BTC because of its future value not now. Well, I agree with you, if we're talking about cryptocurreny, people just invest in it. Although, some of it is used to pay, that makes it much easier too. Besides, clearing settlement is the future. |
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I don't know. I've already been using this wallet for some time actively and so far haven't lost the phrase. I'll tell you more, I memorised it. If you knew how much satoshi I transfer through this wallet - I simply need to memorise it.
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I personally use Rahakott wallet. Of course there aren't a ton of advantages, it's just a bitcoin wallet. But I learned to like it for it's simplicity and almost instant money withdrawal. Also, within the Rahakott net money transfers are free.
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I agree that there are many of wallets now but it's hard to trust them. But thanks for the detailed info. Good luck!
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I know that you're pretty new to the market, right? It makes it a bit hard to trust you.
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What do you mean what plans? Buy cheap cryptocurrency and so that it becomes more expensive.
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It'll be interesting to see what sort of tactics these are. I'll even subscribe to the channel =)
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I'm a miner and I'd like to know how convenient Rahakott wallet would be for my cryptocurrency manipulation? Can I get my mining rewards here? Is it possible with this wallet?
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It's easier to mine ethereum than bitcoin. But then again 10% of ethereum is not the same as 10% of bitcoin.
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I don't know. If I were you, I'd spend this money on some other cryptocurrencies. Some of the tope ones and noth that exepnsive. Plus, I'd buy absolutely different ones.
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It's a good sum. I'd wait for the next year and then exchange a couple of them to set up my own business and get passive income. And I'd store the remaining ones cause they're going to grow.
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