The price of the bitcoin depends on the supply and demand, if you know that term in the economics that is also similar with bitcoin if there would be a lot of people who keeps on buying then the value of the product will increase the same as with bitcoin if there would a lot of people who keeps on buying then the value of bitcoin will increase as well vise versa in the selling of bitcoin.
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If this would be in terms of payment and if you can do it with cash then go for it, I always choose fiat over crypto as payment especially if that is possible because I do not want how long the transactions will finish before the confirmation and the transaction fees is also there if you will going to pay with bitcoin or altcoin.
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Good to know that learning about bitcoin is an achievement for you, maybe you already know some things about bitcoin so you considered it as one of your achievements. Bitcoin would be greater someday, a lot of countries will recognize its benefits and will make it legal. Just like you, I also aspire to earn 1 BTC but I don't think that it would be easy for me to do that thing because bitcoin's value is now really high and I don't have yet good knowledge on what are things that I can do to make big income from it.
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Before I created a crypto wallet account, I always put the information of it on a piece of paper, I am a person who doesn't have good memorization so I always prepare a piece of paper in terms of that thing. Double-checking is important because that is the hard thing in decentralization, no one is responsible for your own money, you are the only one who will handle and control your own money. Always be responsible for that thing especially when talking about money.
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That is also one of the factors that restrict bitcoin from being the standard currency in a country and bitcoin would never replace fiat currency because of such things like that, before you have confirmed the transaction, you have to wait first for some hour before it was finished unlike on paying in fiat currency in a convenience store wherein when you pay fiat currency then transaction completed has finished.
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There is no way for the government to access your bitcoin if you don't give them the information of yours. The government keeps on pushing to ban bitcoin in some countries but they cannot do it as well, let us not be worried about the government because bitcoin does not even need any authority or government in decentralization.
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My longest transaction confirmation is about 8-9 hours, I have sent a certain amount of bitcoin in my Electrum wallet and I just got worried about my transaction because most of the time whenever I transfer bitcoin in my electrum, it only takes 2-3 hours but last week is really different because it takes more than that time, so I double-check my transaction details and I have seen that all the information or the wallet address is correct maybe there is just huge traffic that time.
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Even though bitcoin is in a crash it doesn't mean that we are now in danger, bitcoin dumps this day but it doesn't mean that it could continue to go down until it reaches $10k again, remember that the price of bitcoin reaches $3900 before last year and the good thing that time is that it recovers right away before the year 2020 ends, just to remember that bitcoin's volatility is unpredictable and anything could happen. I am still holding and still believing that bitcoin could reach more than $50k this year.
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Many things affect the inflation of bitcoin in such past days, The first peak is when the post halving happens on which it pumps the bitcoin for $20k on which it reaches the new ATH, Elon Musk and the Tesla who bought $1.5 billion makes the bitcoin pumps once again as it reaches $40k - $50k, there is still more than this, cryptocurrency or bitcoin will be seen as great in the future.
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I don't think that a lot of people earned that huge amount of interest with bitcoin, imagine if you bought bitcoin at its value of $3000 then I think they would sell it right away once it already reached $15000, I don't think that they could wait for bitcoin to reach $50000 before they sell their bitcoin. Those fortunate persons or those who earned huge income from their work or business could hold bitcoin for a long term but those who don't have a stable job or good earnings from their real-life work would be hard for them to still wait for a huge peak for bitcoin.
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Wow, this is really a huge amount of money, winning the mega jackpot with $1 billion is such an unexpected thing for many people because that is roulette and a lot of people are playing this game with 100% luck-based gambling. This is a good start for him for this year and that prizes could be used for many things like creating a huge business and investing as well.
With the mega jackpot you will have, you may now buy anything you want, you can also stop your job if you want because of winning huge amount of money which is good for having a passive income in real life which is business.
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People are afraid of bitcoin or cryptocurrency because of thinking that they could get scammed from it, I have a friend who doesn't even get interested in it even though how many times I told him about it, well I already expected that this thing would happen because, in our country we have this kind of saying or statement " for you to earn money you have to work hard for it, your sweat makes money as well". Both cryptocurrency and fiat currency is hard to earn but based on mine if you have good knowledge of cryptocurrency then it would not be too hard for you t earn compared to fiat currency.
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Btctalk name: Trinx01 Rank: Member Current post count: 64 bustadice Name: Trinx01 Wear appropriate signature: Yes
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Yes, knowing the sports team would be a great advantage for you when betting on a sports event, remember that knowledge is always the key to every success if you are familiar with the strength and weaknesses of the team then for sure it will give you the advantage but not a 100% guarantee. Those who do sports betting without any knowledge then they are just betting based on the number of odds or based on just their desired team.
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That is a good move for the crypto community, it started with the effect of post halving, followed by Elon Musk who used the hashtag bitcoin on his profile that also makes the bitcoin's value rise, followed again by TESLA company to buy $1.5 billion worth of bitcoin and now the richest man in Mexico who includes bitcoin on his biography, the 10% of his portfolio is on bitcoin, even though that is only 10%, that is still a huge amount of money being the richest man in Mexico, it seems like this would be the start of mass adoption, wen though we haven't seen it yet, there is still progress.
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When we say hodl for a long term, it doesn't mean that you have to hodl it forever, you may set your standard of value so if that value comes up then you may now pull out your money, no one person can predict accurately the price of bitcoin and that would be the hard part being a trader and investor but if you set a certain amount of income you want to have then that would be the time that you have to sell your bitcoin or what kind of cryptocurrency is that. If Bitcoin does achieve global adoption and merchants start accepting it as a regular means of payment, then you will not have to sell inorder to 'take profit', you simply use it to purchase what you wish.
That is also what I am looking in our country but I don't think that it would be possible as of this day but mune in the future it will, I am aware of how influential bitcoin could be.
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Welcome, Mr. Roo
Roobet: Trinx
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It will happen shortly and for sure within this year, but it still depends on the whale on what they are going to do with it, they can still make it down so we should still be careful but we should also make it as an opportunity to buy more and invest for a long term and wait for the bitcoin to reach higher than $50k.
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Yeah, Elon Mush being the richest person in the world uses the #Bitcoin on his bio that affects the market, we have seen a great movement of bitcoin when he used that hashtag, we have also seen it with the dogecoin that goes up for about 700%. It is like magic, with a simple hashtag makes a big change.
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