"That’s the value of the system: the hard work of developers, the code written that turns it into a living, growing, adaptable and self-healing thing. New forks need new programming and security, which makes the system more sophisticated. This adds value – and price rises in response."
I agree with the quote of the article. I would like to add a little bit of my opinion that the hard work of the development team that makes the bitcoin system (which uses blockchain technology) provides something other than the others, offers a system that has never been owned by anything else. from that then there is a public trust in bitcoin. in addition to limited stock, the existence of this trust (that bitcoin has value) then comes the demand.
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to unibright project manager, please update my spreadsheet because my personal text has attach after I sign up
Thank you in advance
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Simple, bitcoin is technology. So, if people want to advance then people must also follow the progress of technology. And then people do not become a technologically challenged.
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Keep in mind that bitcoin and gold have their own advantages and disadvantages. I select bitcoin. Bitcoin is like gold in digital currency, has gold-like criteria. Bitcoin can also be used for global transactions in a short time, this is not owned by gold.
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Paper money will be banned entirely? it could happen. Replacing the conventional money with bitcoin or the other is not something easy. It could have happened but it would take a long time maybe around 50 years. Because there are still many poor areas that are not familiar with technology and will definitely need a step slowly introducing the technology to the step of introducing bitcoin.
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Gold investment is legal in all countries and also rarely a significant price decline. That causes gold investment more secure (in terms of rising and falling prices) and accepted by all circles, meaning that the general public more accept the existence of gold. Whereas btc not all countries legalize and its fluctuation. It took a very long time to balance between gold and btc investment users.
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In the future people will increasingly need something practical. With the advancement of technology and the demands of human needs, the bitcoin or another virtual crypto will be more popular. Especially in terms of use as a means of direct payment.
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Yes, right .. Do not put all your money to invest on one type of coin. It is not good. Split your money to invest in 2 or 3 coins would be better. The main one must be bitcoin. Next let's select some altcoin. I think ethereum, ripple and litecoin are good for investment.
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you mean everyone in around the world? as enthusiasts and bitcoin users we hope so. but it will not be realized in 2022 or in the near future. in fact, many aspects are not yet supportive. one of which internet access that can not be enjoyed by all people around the world and government policies of a country. China for example, the government prohibits the circulation and use of bitcoin.
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Yes, of course. We need social media to promote bitcoin. Who is this today who does not know social media? or at least have one social media account. Almost all circles use social media even elderly though. so I think it will be very influential to attract social media users.
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I also have worries like you. About altcoin, if holding it for a long time I worry the price will drop drastically. But if seen from the progress of ETH from the beginning of the coin it appears until now I think there is a possibility of eth price reaching $ 10,000 or maybe even more.
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For altcoin I decided to do daily trading, I think it's profitable though not much. If I keep it for a long time I'm worried the price will drop drastically.
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Doing trading while participating in signature campaign I think it's a good decision. Arranging time for both is not difficult, so why not do both?
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If it's about the individual economy, BTC is very helpful and has a good impact on one's economy. I'm not sure if BTC has a good and baf impact for a country's economy. maybe if the BTC user is taxed, it will affect the economy of a country, but how to track it? whereas BTC is an anonymous transaction. If BTC has a good impact on the economy of a country, why do they preclude BTC? Do you agree with me?
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Do not invest in coin you do not understand, or even see many people make a lot of money from it. Calculate your investment in electronic money when your investment is not high, which will help you easily cut losses and exit the wrong trading. Be consistent with your principles. Be patient and think hard.
yes I agree with you. Before deciding to invest, better learn a lot first. Learn what and where we will invest. Background and track record of the coin we will invest. Analyze possible risks and benefits. Do not just rely on success stories from someone, because it does not necessarily apply to us.
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I have no problem with it. Sustenance already set up, a lot or a little let's be grateful. If you do not make this the main income, then I think not to worry. Those who join the bounty campaign also need money, so share them as long as it does not violate the rules of course.
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I like technology on bitcoin. I can make transactions to the whole world safely and briefly. besides also as much whatever and wherever my transaction, will not be traceable my identity. I like it very much
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For now and for a while I make bitcoin as my main income. I will collect money from bitcoin as capital to open my own business. So for the future I do not need to be too dependent on bitcoins that have a high risk.
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Choose what you think the project is interesting and look at the credibility and track record of the project manager. Choose projects held by managers who have good credibility and good trust.
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If that is an individual economy, yes obviously very helpful. But I am not sure if the meaning is a country's economy, because there are some countries that prohibit it. You should not be too dependent on bitcoin and do not make it as a way to get the main income.
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