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I indeed believed that bitcoin is freedom because it gives financial freedom and also time freedom because with bitcoin you can earn money by trying different opportunities that you might see in different sites like trading or investing and bitcoin also gives time freedom because you can decide if what time you will be working and that is a such a relief for me and for other bitcoin user.
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If all of your friends did that then do not be like them. If you will sell or dump all of your alts then it is a complete loss and i know that you don't want to get losses or negative profit and if you bought good coins then there is nothing to worry about because they will get up again once the hype or bullishness of bitcoin will be gone.
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Can altcoins set up their own systems and beat bitcoins?
Yes they can, altcoins can beat bitcoins but as of now there is no existing altcoin that can beat bitcoin because if there is already existing then it will attract a lot of investors to migrate from bitcoin to that altcoin but as you can see that there is nothing change in bitcoin except its price but in the future i really think that there might be a replacement for bitcoin once the people get tired of using bitcoin because of its possible malfunctions. |
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If not bitcoin then altcoin. Lol, what is wrong with these people thinking that altcoin or most of the times bitcoin will replace the dollar because dollar is strong enough to stand strong for the possible threats for its existence and i don't see any chance for either bitcoin and altcoin to replace dollar. We should just accept that fact.
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Just like the other free coin, they might be selling their bitcoin gold because it has a value and it is up to the if they will hold it or not because in my opinion it is better to just sell their bitcoin gold and use the converted bitcoin gold to bitcoin as a capital in investing in other way or possible source of income and that will fasten their progress for sure rather than trusting a free or forked coin.
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I think that bitcoin cannot end the world poverty because bitcoin is still not widely accepted and that is why there will be a lot difficulties for bitcoin to solve the world poverty and also the accessibility of the people to bitcoin will play a big role too. Bitcoin is not like a magic that will solve the one of the biggest worlds problem.
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The cryptocurrencies are better than the regular currency because of the way of us dealing with them. With the use of the internet it will become much easier for us to transact different type of transaction like buying things or services through online and with the cryptocurrencies. The world will have much lesser hassle in doing different kind of things because of the use of internet and the cryptocurrencies.
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The cheapness of the altcoins encourages me to invest to them because they are so cheap and it is not like bitcoin that cost a lot of money before you can get at least a whole of it while in altcoins that it just only need a few bucks and then you can actually buy more than 1 amount of it so that is really attractive for me and that is why i put the majority of my money in altcoin.
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There is two situations if bitcoin were more stable lets say traded at 300-400 dollars maybe more merchants and big companies would already accept it as payment option, we wouldnt be with soo many big companies investing soo deeply into the mine since the reward would remain stable till last bitcoin block. The other side is the fact it being soo volatil has bringed big players inside and allowed small players to have decent profit as well change a lot lifes, merchants already accepting bitcoin, even being a few those has already started.
In my opinion, this is really a difficult thing for bitcoin to maintain its reputation if bitcoin is having stable price. We all know this fact very well that the most important thing which is helping bitcoin earn this much of fame and reputation is none other than this much significant increase in the market price of bitcoin and that too in such a short span of time. Bitcoin will lose its value at that time. Bitcoin will not become popular than what is it right now because the volatile price is a huge advantage to all of the people in the world of bitcoin no matter if they are trader or investor they will all get benefit of the volatility so i think that bitcoin will be the same if the price of it is stable because it will become a very boring currency. |
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Who wouldn't want to? Aren't we all here in this world with our greedy and selfish motivations?
But seriously though, I think that almost anyone would have the goal of getting rich. We study for years, work our asses until were old just so that we are self sufficient? Of course not. Everyone do those things with the goal of getting rich. I believe that most of the bitcoins users and investors have the same goal, with the same hopes that in the future, the value of bitcoin has become very high to make them rich.
Being rich is definitely equal for being successful and i agree to you that all of the people here are here in bitcoin because they want to become rich someday and because of their determination in work in bitcoin then they can become rich. I am one of the dreamer who want to be rich because being rich means no problem for me because you can get all the things that you want like girls, cars, houses, luxurious and many more. |
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The benefit that i now that is coming from saving bitcoin for long time is the chance to get the benefits of the pumping market because if you saved a lot of bitcoin then you will get a lot of profit also because when the market pumps then it is automatic that you will make a lot of profit and that is why it is good for saving bitcoin for a long time.
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Just buy bitcoin and it looks that you are just getting started in choosing your way of investment and for me it is better if you will just buy bitcoin right now and learn how to choose the right ico and how you can be sure that you will be investing in a worth it with a high potential ico. It takes time but it will not waste your time if you will just buy bitcoin right now and study about ico.
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I think that the price of $25,000 by 2022 is so close to happen even before 2022 because the market of bitcoin is getting more active than before and the people around the world are now investing in bitcoin because they already notice the huge pump in the price and because of the huge growth of bitcoin which is very attractive for an investor.
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2022 might be the start for bitcoin to get accepted by everyone because right now, almost all the people in our country is getting into bitcoin and they are so greedy and excited to purchase bitcoin because they know already that the time will come and bitcoin will be known as a good currency and become accepted everywhere.
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These are some points that make bitcoin and fiat different: 1. Fiat is non volatile, if you kept it for a long time, the value won't change while bitcoin is changing its price from time to time. 2. If you invest in electronic money or bitcoin especifically there are bigger changes that it will profit and double you investment in a short period ublike fiat. 3. Fiat is very accessible, you can use it anywhere and anytime. There's no need to use internet. 4. Both are important and both are valuable. It's better to have them both.  People are repeatdly saying that the emergence of bitcoin and other cryptocurrency will mark the end of fiat money but in my opinion, these two methods of payment are going to be there concurrently for a very long time because in the end when a person cashes their bitcoin, they will receive cash, It depends on you whether you want to cash your bitcoin into fiat or stay with bitcoin itself and get your fiat from other places, like from your daily job. But I can say that fiat and electric money can never be seperated from because when bitcoin can't be change to fiat, it will be meaningless to have coin that has no value on it. Mean while when you have fiat and want to start buying coin,it has no value too. So I think to get both money is pretty good right now and most of them make bitcoin as their extra income In the future, bitcoin may not be converted to fiat anymore because they can use it directly to the stores or any shops to pay the items that they bought or the service that they used. Electronic money and physical money will be merged in the future and that is almost a guaranteed thing that will happen in the future because the technology will make things evolved and more convenient. |
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Until now there has been no official state using bitcon, this makes bitcoin development becomes obstructed, moreover there are many countries that officially banned bitcoin, if there is assumption bitcoin replace dollar of course this will be difficult happened in a short time, and maybe need at least 50 years to replace dollar.
Bitcoin will "never" replace dollar even there will be like 50-100 years to go then it will not be enough for bitcoin to replace dollar because dollar is a currency that is already here in our world even we are not yet born and dollar is unstoppable because it is being backed by the government and the government will do anything to not let dollar disappear. |
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Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.
How much money did you earn with bitcoins? Or did you lose some?
I would never really depend only on bitcoin as volatility can play a negative impact. I use my cash earned through my job for savings And spend money earned through bitcoin's on some trading platforms and for some expenses. Bitcoin will always be my favorite side income, but I don't think I can be entirely rich only through btc. You can become entirely rich through bitcoin if you will do the things in bitcoin that will give you good profit and if you will avoid scams like hyips and other ponzi schemes. If you will stick to trading and master it by yourself then you can become rich without waiting for a long time. |
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Before you start your own business, you should know first if you are doing it with a good analytical thinking. You need to analyze things first before doing anything because if you will not do it with a good analytical then there is a higher chance that you will not make any good outcome from starting a business. So if i were you, i will do analyzation first.
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People like investing in ICOs and at the same time they are lazy so they want someone to do it for them. Most of the times, i see my friends who are ICO investors that are just researching about the opinion of others and if the person is a famous one that is discussing about the ICO and if they will see that the person who is discussing is telling good things about the ICO then they will invest their money because they believe on that person and that is so lazy for me.
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I am a trader and i am practicing trading in poloniex. That is a great website for me for the people who want to trade because it is a popular exchange and it has a lot of altcoins there that you can choose and trade and they are almost all active and because of the good maintenance for the coin, you will not have a higher chance of losing and if you just pick the good coins then you can make money continuously.
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