Mining any cryptocurrency needs expensive equipment and high electricity consumption. I would rather mine alternatives if I had the money, because you can mine them with normal graphic cards instead of buying new Antminers and similar. It is more profitable and a high end graphic card is much cheaper and it is still good for mining.
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Why would it even need to improve anything? Bitcoins has the safest and best system. The price and market cap are highest on the whole cryptocurrency market. How and which coin do you exactly think will dethrone Bitcoin? The fast transactions and low fees mean nothing, Bitcoin had both when he was 'altcoins age'.
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Depends on what kind of investment suits you. Trading is a more simpler way of investing, you buy and track the price until it reaches a peak amd then sell, easy as that. While mining is more complicated - assemble a rig, get good cooling and start, but that's not all, you get huge electricity bills so you have to have some money for that every month.
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It does match with the requirements, except the stable store value. Bitcoin would be a great digital currency if it wasn't used as an investment. Because it is used like that we can't have a stable price and everyone who wants to earn money is using it as an asset. Bitcoin probably wont ever be a perfect currency since it is being used more and more as an investment and we can't help it.
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That is a better way of using Bitcoin for all of us, and it would be good if most of the users listened, but only few actually will. Everyone thinks like "Why would I use it as a currency when I can get rich with it/ earn a lot of money?" The people who are manipulating the market are the big players and they don't care if the smaller fish is happy with the price, they want only money.
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Bitcoin has a good price and market cap right now, it doesn't seem that it is dying. The price might even rise up soon. Bitcoin is unique, it is the first cryptocurrency and it is the most accepted one, shops who accept crypto mostly accept Bitcoin and not some other coin. And what does make other coins unique? Nothing, they judt copy Bitcoin. Why didn't a cryptocurrency with better technology already arrive? Tell your empty tales elsewhere.
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Bitcoins price is rising steadily and I think it is going to hit at least $7000 soon. Even the fees are getting lower and lower. I kind of feel that everything is going to better very soon. Investors will probably start buying soon and the price might have a bigger bump this month, not big as in getting to a new ATH, but we could make profit out of it.
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I don't think altcoins even have any effect on Bitcoin. Maybe just affects the price when thete is exchange between the two coins but thats nothing. Bitcoin mostly affects other cryptocurrencies, without it others might have never even existed. Bitcoin has effect on the whole cryptocurrency market and altcoins follow its price course.
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The price is higher and the fees are smaller, it is getting better. The fees weren't high for investors as they roll with big amounts of Bitcoins, now when the fees are lower people who don't invest can use Bitcoin as a currency for buying stuff so it even better for them. I hope it goes even lower as the price rises, but that probably wont be the case.
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It might be like that right now but that is temporary, the lower the dip the more hodlers will buy and it is going to be that way until a really big dip occurs, everyone buys and the price rockets to the sky and everyone gets a profit. It is always the same and the game is not over, Bitcoin will still be pumping strong. The price doesn't even drop below $6000 and that minimal price is just going higher every year.
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All cryptocurrencies will stay in Bitcoins shadow because they are just copying Bitcoin. Bitcoin is the innovator, and what did the others add? Nothing, there are some interesting coins but still nothing new, Bitcoin rules the market and it is the oldest and biggest coin. And it will stay that way.
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It isn't a myth, it's logical - whales exist and they have most of the total amount of Bitcoin so they can manipulate the market. They can't control it as they don't own all of the Bitcoins and never will but they can influence in a big way how high the price would be. The market still depends of all of the community.
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The only reason I would think of is that they wanted to jump in the bandwagon and earn some money, but they were too late. They could have predicted Bitcoin topping around $20.000 and accept that they were late. Those investments were very dumb moves, they should have just skipped it.
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You guys should look at the date of the post, 4 years ago who even bumps these posts. Anyway, I like how they thought some altcoins could overpass Bitcoin. And they still make these kind of posts and we will again be laughing at them in 2020. This community just goes on in a circle, Bitcoin is dead, Bitcoin will be replaced etc.
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Everyone gets scared, even the most professional investors, but the new ones need to understand that Bitcoin is always going up, since it was made it has gone only up, and it never came back to the first price, so you can't lose everything, you just have to be patient. I am not an investor, of course I would be scared if I saw the price dropping below the buy price but I think I would stay cooler than these panicers.
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Well, it is mostly hard for people that have low knowledge about technology overal, but if they know a bit in IT, there wouldn't be a problem explaining at least the basics, how to setup a wallet and use Bitcoin. Explaining how the whole system works, well that could be beyond confuding and hard to understand, the system isn't that simple. Overal, it seems hard to an average person mostly because it is new.
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And fiat currencies aren't used for those purposes? How did those people pay that stuff before Bitcoin? It is hillarious how they try to ban Bitcoin for illegal activities even when fiat is used the same. It is because Bitcoin is new so they think it is linked to the criminals using it, but we all know it isn't true..
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I also look at Bitcoin as a currency, and it is made to be a currency. It does have volatile price which makes it an asset, but would they consider euro or dollar as an asset if it had volatile price? Probably not. An asset can only be bought and sold but Bitcoin can be used to buy and sell so it defines it as a currency.
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There are many services and shops that accept Bitcoin but it isn't popular enough, you have to do a bit of searching if you want to pay daily stuff or bills and similar with Bitcoin. I don't think that the fees are high right now, at least not when paying once with a larger amount of money, of course it is expensive if you split payments in smaller parts. I only bought games with my Bitcoin and it went well, but I don't know for physical stuff, I guess it's the same as cash.
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There is no thing as easy money, not in the cryptocurrency nor the fiat world. Signature campaigns are sure like free money, but it isn't that easy to gain a bigger amount of money. You have to rank up your account and that takes a lot of time and then when you sign up you must make quality posts and posts take time to be written if you don't want to spam nonsense. It is a rough start, but I think it is the only method you can use to kick off your Bitcoin carreer. If you want a lot of money, it can't be free, you must earn it.
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