First of all congratulations. I don't know much enterpreneurs who are brave enough to take Bitcoin as a payment method. It's still rather risky anf often connected with some difficulties. I beleive that implementation wasn't that easy but I hope with time this would become usual thing for many businesses. This should be one of examples how to implement cryptocurrencies in real life.
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If all governments decide to go the Chinese way, large scale miners would be doomed . I guess that is what will lead to true decentralization of mining and not one or two countries banning mining
I don't think that majority of governments will follow China and ban mining. Also, such threats are coming form China for a long time now but nothing substantial is actually happening. Even if they do that Chinese miners will find other way to do their business, I'm not afraid of that.
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I think they will and that is only the question of time. Cryptocurrencies can't be avoided anymore in digital world and governments know that. But they don't want to rush and they are trying to find the best possible way for regulation and introducing cryptocurrencies in the regular financial world. You can't escape the future and governments are aware of that although sometimes it doesn't look so.
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Another so called expert that doesn't have a clue about Bitcoin. He is probably telling people what are they willing to hear but not what is the real situation. Such predictioms are exaggerated and have to ground in reality and for people who beleive them could only make them to make wrong decisions.
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These are all useful information gathered at one place. But how many newbies actually inform themselves before they get involved in Bitcoin?' Not much I would say. Many of them just have profit in front of their eyes and think how easy is to do it. This is a nice effort though and it could be useful for everyone, not only for beginners.
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Well, I can say congratulations for having courage. Professional trading is very demanding and risky. There is no guarantee that you will make enough money to cover all your expenses and extra profit definetely varies all the time. It will not last forever that is certain so use as much opportunities as you can and also make some savings.
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Every Bitcoin user likes to see the price is rising, there is no doubt about it. Still currently there is no room for euphoria. Price rise is not that big and at the moment we can't be sure if this will continue or is it just temporary correction. We can't say if this will go up all the way to 10000$ or maybe ir will go back to 3000$ again. So, yes be happy but cautious too.
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if the regulation suport bitcoin i think it will, but if there are the regulation that makes the bitcoin can't make somthing new i think it will not give the benefit for bitcoin, and bitcoiners. we all hope here that regulation about bitcoin in the future will makes big changes
It's hard to tell in advance which country will regulate Bitcoin in some specifuc way. But I think most of countries would make positive regulation that would give Bitcoin legal framework and some limitations, of course, but will not ban it or put it on the nargins of financial world so I think that regulation could really benefit the Bitcoin.
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I strongly support environment protection and every activity that could help to save our planet and life on it. Still I don't think that there are any precise and relevant data about electricity consumpsion used for Bitcoin mining. Like I said there are no accurate data but I think that the amount of consumption is very small in the overall amount and that really makes no difference. But I would like to hear if someone has different data that could prove me wrong. Still everyone who has the possibility to use renewable sources of electricity for Bitcoin mining should definetely use it.
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Currently I don't know that there is any Mastercard issuer with support for cryptocurrencies Mistertango had one but it's not available anymore. However, there are few services that provide Visa cards that support different cryptocurrencies. On of them is Wirex. But you can check on services thread, there were list of such cards that are available to users.
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Everything is possible when it comes to Bitcoin. Current price rise isn't any guarantee that this trend will continue. Bitcoin price can easily change very quickly so price dump isn't excluded. We still haven't broken some recovery limits. Still there need to be some reason for that and I don't think that currently the price will fall down just like that, out of the blue.
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To my opinion the two most important things when it comes to exchanges are legitimacy and security. Basicly you don't want to trust you mony to someone who is not doing business according to law and who doesn't keep your funds secure. So this you should check first. If you don't feel confident about any detail connected with particular exchange avoid it. You can also learn from other user's experiences and choose one that is on the list of trustworthy and secure.
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I think whales are given too much importance. They take credit for both good and bad that is happening to Bitcoin but I don't believe their influence is that big. It's the relatively small group of people with high volume of coins but they can't disturb the market so much, at least not in recent case of this small price increase.
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The decline in price of bitcoin within the 2018 bearish market made many to believe that regulations will bring more adoption of bitcoin which will lead to price recovery and increase, but that is just a speculation and has no basis. Because what make bitcoin unique in both operation and price is it decentralized nature and the freedom from government involvement.
I can't agree. Regulation of Bitcoin would give it legitimacy and sone legal security which would also lead to biger adoption, especially by businesses. Regulation doesn't affect decentralized nature of Bitcoin so there is no need for fear. Consequently positive regulation could affect also the positive corrections of price.
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The future of Bitcoin is not determined by what happened to the previous year, because last year was not the worst year in the crypto world. Let's look at the future where we have confidence if the value of crypto will return to an increase in value.
Exactly, you can't evaluate and make conclusions based only on one year period. Bitcoin is very complex and it's changing through time, also don't forget about volatility and many external factors that influence the price and the market. Bitcoin should be estimated on long term period taking into account all good and bad sides.
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This numbers are actually not showing anything because one user can have multiple wallets and it's hard to get the exact number of users. Similar like with number of users on Facebook or some other social network, people have more than one profile. Nevertheless, it's unbelievable that so huge number of users, real or not, is using the least secure wallet that is so vulnerable. So much on security knowledge and protecting the coins.
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I think that the question isn't anymore if we need blockchain technology but what is the best way we could use it. Blockchain is not only limited for cryptocurrencies but it could be successfuly implemented in economy, agriculture, medicine and other industries. We have to think out of the box and have the broader view on world around us.
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Why is everyone keep saying that Bitcoin will beat the banks? Bitcoin isn't in some kind of war with banks and its purpose is not to replace them. Bitcoin has numerous advantages compared to traditional banking and financial system but the whole idea of it is not to replace the bank and because of the way how Bitcoin is designed and how it's functioning this is not even possible.
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I think that most of countries don't request paying taxes on Bitcoin itself, only on transactions. But even if the law is different I don't think that you can decide whether to pay taxes or not, it's then the legal obligation and for avoiding it you might get punished. But because of the lack of regulation about cryptocurrencies in many countries this area still isn't designed properly and Bitcoin users don't have much obligations to the authorities.
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No, it's not. This is just the start of possible recovery but it's still hard to tell if the price will continue to follow that path. I would call current situation a correction and movement in positive way but with any solid guarantee that the price and market will fully recover and not return to startinf position. We have to be patient and wait to see how the price moves before making any premature conclusions.
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