therefore, various methods can not describe the exact total bitcoin users. moreover bitcoin users might not use blockchain or use another wallet?
actually what the benefits of calculating total bitcoin users?
Yup, in the lines of the actual facts. That total user bitcoin can never be known, because the number of users of the bitcoin world does not have a container counters that can be used as a benchmark. However it is if we can calculate the total overall user bitcoin (true), then it all will not provide enough good effects in the growth of the bitcoin. Because most people use the bitcoin is of a very simple thing, that is, from the price of the bitcoin can increase more than higher than before. So better think of a way to get bigger profits and get more bitcoin People always want to know about the growth of bitcoin users to measure how advance we are in numbers. A good thing to know about the progress of bitcoin that accepted more widely than not going anywhere. However, it's extremely difficult to calculate exact number and there's no one state had calculated it yet due to bitcoin wallet doesn't represent how much we are and there are plenty of wallets platform besides blockchain.info This is very true even how we like to know the precise number of bitcoin users throughout the globe no one could really give number because bitcoin is anonymous and its users cant be trace so easily and as you said there are lots of online wallets or any other wallets out there which generates unique wallet addresses, Its anonymous that is why it is hard to know how mny people are using bitcoin.. also you can use bitcoin wallet fast without asking for your dientity and askign for your government ID that is why many people can use multiple wallet.. and multiple transaction we can not relay if they are using a lots of wallet.. you can not count them exactly but we can give estimation and i think we are in 12% of bitcoin user to the population of the earth.. |
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The price of Bitcoin matters for traders and investors. It's also important for widespread adoption.
However in the end on a global scale, it will ultimately matter little.
Merchants just on the difference in price earning bitcoin. Investors want better course only the price increase. It always matter for those holders who are the reason of the bitcoin price increasing and decreasing that's the only way to earn profit company who had hundreds of bitcoin can make a good profit from short of trading. Investors don't only want to price to be increase they also want to price to be decrease and start buying bitcoin to stocked and will sell when the price is right again. Yeah it is a trading ways . they are monitoring the price. if you are a trader like watching and monitoring the price in bitcoinwisdom in different chart and price you can make a good profit there. waiting for the price to be decrease like this time we are seeing the price is drop and i think now many people are buying bitcoins because the price was drop and they will wait for the price again soon.. if they seen the price is increase and they are already made a profit they will sell it.. so bitcoin price is always matter. |
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I prefer to invest into BTC, ETC and ICONOMI. Sky is the limit for these three crypto coins. ICONOMI team will do the hard task of investing into the promising alt coins and projects and they will also start paying dividends very soon. ETC has massive Chinese whales supporting it and it can thrive in future. Lastly, Bitcoin. And you don't need me to explain why you need to go long in bitcoin.
Its not a good idea to invest in ETC but it is your choice since the movement is good just like before and i think it is a clone of ETH that honestly possibility that they can increase and push the price but it can drop after trap.. Much better to stay in old altcoin like monero or top 10 other rankings.. |
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I think i just start using bitcoin this last year when i was facebook and looking for way to bills online but i found a site that i can use to pay for monthly bills and i just notice the other wallet that name btc so i just try to search it and ask for support what is that wallet and they say that it is bitcoin now i am interesting because they are let me try the affiliate i just sharing my referral link and i found many people in forum are sharing about bitcoin where i can earn and found faucet until i made a blog for faucets and found this blog.. that honestly its really help me to pay for my bills.. and halving a dream someday that i can have business in the future..
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I think you want to buy from paypal to virwox.. they are asking first to buy other currency before you can convert it into bitcoin for me it is not a good idea to buy to exchange your paypal to bitcoin in virwox because the fee is really high .. much better to buy bitcoins in local exchange site like in india that they have zebpay.. and i think right now you can use vcc like here in my country we have now a vcc in bitcoin wallet that we can use to verify in paypal you can fund your vcc or withdraw it into bitcoin.
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Like other said it is not a good idea to use bot since many people are experience of fraud or scam better to use the features of every trading site where you are trading you can set your own. but if you are looking for a bot that for buying i think you can ask for yobit.. because you can seen autobuy in some altcoin that honestly i do not know if they are using bot or they are asking for yobit to set buying but hoesntly you can seen the altcoin they are just buying for 1000 sat that impossible to buy that is why i am thinking if you can request in yobit.. but if you are looking for other bot with your own ways and set much better to use the features and set your own like i mention.
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Buy low, sell high (not day trading obv.)
And then I look at the alternate cryptocurrencies section to see what Altoin may or may not get pumped next, and decide if I want to risk or not.
This is a common strategy and honestly its working but how.. For me i will give some example how my trading method works. i buy cheap sample bitcoin.. and then the price is $800 i bought 1 btc and wait for the price increase and now i seen that the price is 900 so to be safe i sell my %25 to get the profit.. After that if the price will increase more i stay hold the rest and reach more profit i sell 25% more.. and then if the price is going down back to 800 i buy bitcoins again.. this is always working and much safier than trading with altcoin.. |
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For now i just using bitcoin for buying hosting and domain. and i am still trying to shop online in purse.io but my problem is shipping if how much i will be paid for shipping and how it will work or i need someone in us to accept the product and redirect ship it to my country..
This is always my problem since i never experience to buy and shop online even in amazon..
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You will become addictive once you experienced the so-called "beginner's luck" or early big-win. But then after that, you will try to re-coup what you have lost and ended up an addict.
I don't believe that beginners luck happens. When I tried gambling, I have no luck. I do but overall, it's negative profit. I lost my Bitcoins with it. It's sad. It could be more addictive if you always win. In the long run, you will probably lose. Well we are not the same but in first time i was gamble i experience of big win that honestly can push me to gamble again in next time because i thinking that money is easy in gambling but i experience of loses until i try my luck again and again until i chasing my loses turning into addiction and after that realize that i lose a lot of money in bitcoin.. now i still gamble but i gamble just sometimes and i change my gamble games i swith to sports betting because it is more easy to analyze who will win unlike in other game.. |
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Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.
Unless the government will declare bitcoins or the usage of gold and silver will be the main currency of the whole nation, then I won't believe with fiat anymore. But since even there is bitcoin still it is not recognized by many people so we still need to stay in believing in keep on using fiat. It is the medium that most of the merchants, businessmen and stores are preferring to accept. Bitcoin will grow only by users. No one works on the popular cryptocurrency since those who use bitcoin. But what applies to Fiat, the real money are growing in popularity. The other part like he mention that if government will declare the bitcoin or the usage of silver and gold .. for me if government declare it is impossible that bitcoin will be use instead they will choose gold and silver because we have physical and we can use it also in online with same name currency.. unlike bitcoin that you can only use it online.. and it is obvious that bitcoin is always good as alternative and fiat never will change maybe they can add coins or paper money with different faces. like here in my country. they are adding new money with different faces of heroes or previous president,. |
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But strategy can't make you lucky and in gambling luck is important factor on your winning.
If you are talking about strategy regarding managing your bankroll, stopping after loss and withdrawing when you make profit than yes those could be helpful to limit your total loss but i don't think you will be able to make good money constantly with gambling.
Luck is not a factor to consider. Luck cant be controlled therefore there is no use in factoring it. Besides that stopping after loss doesnt really mean you are gambling in a smart way IF you ended up gambling again next week. It is pretty much the same as gamble all the way in one day as the variances might happen gambling still just a game of luck without luck and you are just using skills it is impossible that you can win without luck.. and you will not experience to win.. so you need both luck and strategy. also i think it also depends in the game because there are some games that actually do not need any strategy like other said they are gradually increasing the bank roll that honestly it is not depends in your bankroll it will be the same result.. I already experience many things like that.. that is why stay in sports betting because its obvious that you can watch previous plays of opponent team and you can decide what you want to bet.. unlike other games that only your previous bet like in dice games that you can analyze but the result will still random and you can not defeat them.. look at slots many people are gamble there but not all are lucky to make winning profit in that game.. that honestly it is also depends in your luck even the professional gamblers they can not defeat those slots.. unless if they can gamble with unlimited money.. |
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Probably the solution would be to store the coins in the multiple different wallets. The worst decision would be to keep bitcoins just in one place. And not to use online wallets. But I guess I will never have such big amount of bitcoins, although I want to, so I will be not having such problems.  if you select a trusted wallet for yourself and keep your money there. although blockchain, is a secured and trusted wallet but still if you keep your money in different wallets and not select a single one then it will be really good for you. through this way you can secure more your bitcoins. you are right, blockchain wallet is one of the trusted bitcoin web wallet and it is indeed that keeping our coin in to different wallets especially if we are owning a huge amount of bitcoin could be good but I think, to be secured it is much better to use a cold storage whenever you are going to store a large number of bitcoin . I think it is always depends on us how we are secured our bitcoin.. well for me i can say electrum is the best to stay our coins since it is a 2nd ranking from bitcoin-qt and electrum is a lite version of bitcoin-qt.. this is a good choice and you can secured your wallet just to increase your phasprase and always backup your electrum wallet files and private keys.. and i think always protect your computer with anti virus like kaspersky that can help you protect your wallet or any online thieves. |
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Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.
i believe there is in the world , but in fact in my country i not see yet .. Well, for the moment there are no banks that accept bitcoin, because bitcoin is not legalized officially, so, although some countries do not prohibit the use bitcoin, but it will not come to the bank, except bitcoin to form its own bank. well, but one day there may be banks that accept bitcoin. Also its not yet available that bitcoin to be accepted. i think it is because banks are afraid of frauds or scam.. and they are heard many times about bitcoin that many people are already scam that is why i think government are afraid but i think they are studying bitcoin for future to be accepted even in local business.. |
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Honestly it is not a good place to sell bitcoin in my experience i am experience many problem about coinbase like delays pending transaction and the last one this few days ago i experience of receiving bitcoin but not credited in my balance.. also i reported the problem and they are still not reply.. i just warn you it is not a good place to sell..
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The best for me as of now is electrum never experience any problem with this wallet unlike in any online wallet like coinbase and xapo.. that honestly it takes few days before they can resolve your issue..
And i am afraid to invest or to put all my bitcoins in free wallets like coinbase and maybe they will gone in the future.. so that is why i use electrum for safety..
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Well, I think the price of bitcoin today as well as a roller coaster. bitcoin prices rose to the height in less than 24 hours, and after a lot of people who hold their bitcoin, in the hope that prices will be higher bitcoin. but, in less than 24 hours as well, bitcoin prices back down almost 30%, but the current prices can still be said to be high.
I see current dump as correction which was triggered by chinese rumor which will be temporary for sure. Any price below $1000 right now seem good point to buy back if you have sold it when it was at peak before or to bag hold more. The one who will panic in this type of correction will eventually giveaway their bitcoin to whales at very cheap price.  Buying just bellow 1000 does not seem the right choice right now markets tend to over correct, so it is very possible the price is going to get a lot lower than that, so if you bought bitcoin right now you may be in the red for a lot of time. For now i seen more people are trying to sell in the market i just using bitcoinwisdom for analysis and i saw more reds are coming but many people are still buying in bitcoin and pushing the price into high .. i saw the price later it hits to $897 and sooner or later the price is increase again into $910 and i think it will increase more soon..but the problem there a huge downfall this days or few minutes ago.. but i am still believe that the price will increase back soon.. |
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To ensure some sort of centralisation never happen, the best way is still to spread the hashrate concentration to multiple new pools. I guess since there is more and more people coming into the game, and a lot more will come I think because of the price rise, actions will never have to be taken.
I doubt that will happen. The Chinese seem really persistent on controlling the Bitcoin mining industry. I think that something really big has to be done if we want Bitcoin to stay as a decentralized currency. And I don't see many more people getting into the Bitcoin mining business because the Chinese look like such a dominant force. I think bitcoin will not become centralized. I really sure if more countries accept bitcoin china will not able to control/influence bitcoin price anymore. Anyway minning is not forever, isn't it? yes i am also agree with you. although states and governments will like to centralize bitcoin so as they have control over it if they are going to turn it as legal currency but still i will say that bitcoin is not going to become centralize and will stay as decentralize currency of the world. Honestly we do not know what will happen in the future but i think bitcoin can be still centralize in the future.. for now we are using it anonymously and i think if almost all country are using it with government i think it can be centralize by government and we will pay for taxes and fee for transactions.. that i hope it will not happen in the future.. |
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According to my views it will have a very good affect on gambling sites and casinos which use bitcoins because people have their limits of bits for playing and if the price of bitcoin will increase then the earnings of the owners will also be increased.
There is positive effect for most of the gambling owners because they are using bitcoin in gambling and the price of bitcoin is gradually increase and i think those gambling owners they are not exchanging their bitcoin fast into fiat but if the price is increasing i think some of them they are exchange their bitcoins into fiat just to save the profit from price increase |
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Loss and win in trading ever i through when i trading bitcoin also alternative coin. I get a little profit with alternative coin around 0.001 btc because at the past i only put little amount of capital.
Before when i was newbie with trading i was lose but after learnings for some other trading groups and other tips i earn few profit.. until now i am making small profit because of small capital investment in trading but i hope that i can invest more money in trading and get more profit.. |
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Savings or investment is really a good idea.
Prefer everyone to invest money instead of saving. I have invested my half money in stock market.
if you prefer the investment of course it would be quite risky. if your investment would generate a loss of more than half of your possessions will run out and disappear. better prioritize store and use a certain percentage for investments but you can only make money in bitcoin if you invest your money, without investment and taking risk. you need to invest your money in a save place where the profit is more and the risky is minimum. therefore i will suggest your bitcoin to invest your money there. Saving your money in bitcoin is always a good idea.. For me i am saving my 10% of salary into bitcoin not accurate but i am saving 10% every month and sometimes x2 every month.. that honestly giving me a chance to have a dream someday.. learning more skills and use for business in the future if i save a lot of bitcoin.. |
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