Bitcoin is designed to be anonymous and stateless means no government can control it. It is famously decentralized so everyone in all over the world can use it and could send it anywhere without the middle man or regulatory body giving it the go-ahead. For me personally, i believe it is impossible for them to kill it.
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I've just thought about this for a moment but, if we want bitcoin to get more popularity, attention or acceptance would it be nice to make some advertisement about it on T.V.? I don't know if in other countries they advertise bitcoin but in my country, I haven't seen one. How do you think advertising bitcoin will affect the people? Any thoughts?
I think it might be a solid option for faster mass adoption, it is the better way to spread the good news around the world.
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The reason why we should love bitcoin is aside from the huge profits we could gain from investing in it, it's fast and cheap to send money anywhere in the world, it's private and banks or central government can't take it away.
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The government and the big banks will try to crushed the bitcoins because it is a big threat to them. They will used the media to influence the people to fear the bitcoin investment but they can't kill it. Even the emergence of the new cryptocurrencies that will compete the demand of bitcoin, but it can't bring the bitcoin down. The only thing that could destroy the bitcoin is, if all sources of electricity and internet were shut down across the planet, all the computers will be broken, worst case scenario, then it will die.
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Which one is your favourite coin to invest and why ?
Bitcoin is the first and by far the most popular cryptocurrency, i would choose it because i believe it is the most valued and trusted long term investment.
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Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies They called on people not to get involved. Should we be afraid or the banks are!
Banks should fear the cryptocurrency because it is created to remove the role of the bank as the middlemen in the transaction process thereby making possible to someone to send money anywhere in the world to anywhere else in the world without the need of the bank. They have no power to interefere and regulate the circulation of bitcoin making it a big threat to them.
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The most common form of investing is buying the bitcoin currency in the hopes that the value will rise up and can gain huge profits. This is the most common reason why lots of people are attracted to invest in bitcoin. After the stories of some people that they became instant millionaire because of bitcoin, lots of people want to try their luck in this crypto business. It is a very good investment and is open to anyone in any age and in any location.
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The fact that bitcoin is decentralized and can be sent anywhere in the world to any where else in the world and its fast and cheap, no wonder some people preferred bitcoin over fiat currency. There is a possibility also that it can be used in any illegal activities because it is untraceable and the government doesn't have any control over it.
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As you can see from the last couple of months price of bitcoin going down and down.. Is this the beginning of the end?
I don't think so, just sit back and relax the best is yet to come. Though bitcoin is still new and it takes time to know the impact of it in the whole world but i strongly believe it will take over the local currency in the future.
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I believe that bitcoin will have a long long way to go and will be the future of money. I would suggest that don't take anyone's advice about what will happen to the currency, do your own research, learn about bitcoin and decide for yourself it it's the good time to buy.
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Investing in bitcoins seems exciting but know that it takes time and effort to understand how bitcoin works. You should know the risks, the advantages and disadvantages before jumping on board to avoid great loss.
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People tend to be pessimistic in bitcoin maybe because they think that it is a bubble that will burst anytime now. It is a scam and used by criminals with their illegal activities. It is decentralized in nature that is why it is easy to do all the dirty works because no authority can trace and control the transactions.
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I love bitcoin because i know someday I'm gonna be rich with this investment. Everybody who knows bitcoin go crazy with this crypto, some sell their house, their property and invest it all, they risk everything they have. Someday we will enjoy the fruits of our hardwork, bitcoin is the future.
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Hello,
I'm still learning about crypto currencies and willing to buy some bitcoins. Is it good time to buy?
Thanks
I think we are just starting, bitcoin still need mass adoption and if that happens, it will become very expensive. But we really don't know what will happen in the future, just never invest more than you are willing to lose, bitcoin is a very risky investment and you should keep that in mind at all times.
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I think the best way to promote bitcoins is to show people what you know about it, how it works, how you can earn from it. Just don't be pushy, only show people who express an interest in it. Posting it in social media and tv advertisement, i think can greatly help for more public awareness.
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Bitcoin will flourish in the coming days, it will becoming more and more popular and more people will going to invest in it, it will never die. I strongly believe in that, we should stop worrying and think positively, more efforts to spread the good news because bitcoin is the greatest invention of the history. It will become the global currency.
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I am very optimistic about the future of bitcoin, i don't worry a bit even though some are panicking now and selling thier bitcoin because the price keeps crushing, i believe the best is yet to come. In the future, the bitcoin will come to power and dominate the flow of money around the world.
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No one can predict the future, it may rise or it may fall down, it really depends on the faith and usage of the bitcoin users. I am willing to see how willing the investors are to accept this bitcoin currency.
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i have been thinking bitcoin cannot last forever..............i need you guys opinion if what im thinking is right.
Bitcoin is a digital currency that only exist in the cyberworld and will continue to exist as long as we have computers that are connected to internet and people are using and value it.
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If i were to unexpectedly die, my siblings would take over my bitcoin property and divide it among themselves. I will write my private key along with my instructions on how to access my digital wealth and store it in a flash drive and keep it in my safety box. It is necessary to prepare for this kind of situation, because we really don't know when we will leave this earth and if we don't leave information behind somehow, then stored bitcoins could be lost forever.
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