I always ignore people who mock me just because I invest in Bitcoin and support the idea of cryptocurrencies. It's a waste of time when someone doesn't want to hear your opinion and justification. It is always nice to talk to someone who seems to be interested by the idea of cryptocurrencies. I'd love to spend some of my time explaining Bitcoin to someone who will use it in the future.
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Yes, I managed to convince a few acquaintance of mine. Most of them became interested in Bitcoin because of huge potential profits. However, some of them see the potential Bitcoin. They started to believe that it might replace banks in the next few years. Unfortunately, they can't speak English very well so they decided not to register here. What a pity, they have a really interesting point of view.
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It's ridiculous. I wouldn't sell my house even if I knew that Bitcoin would increase soon. For many people here it is a great idea but where would you live for 2 months? In a hotel or homeless shelter? Investing in Bitcoin is risky and there is a slightly chance that it might crash. I wouldn't risk my whole house. I heard about a man who sold everything he had and exchanged it for Bitcoin. Bitcoin value has increase twofold since then.
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A lot of people here have interesting ideas how Bitcoin can look like in the next 20 years. I'm one of the people who think that Bitcoin and cryptocurrencies will become mainstream in the next 20 years. I wouldn't be surprised if some countries decided to replace fiat with their own cryptocurrency or Bitcoin (assuming that deploying Lightning Network will be successful).
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Basics of Bitcoin aren't as hard to explain as many people say. Some teenagers and even adults are not interested in technology and how things which they use are being made. That is why it is easy to convince them that Bitcoin is a bubble even though they pay with some worthless paper. I always begin with explaining transactions, blocks and mining. Without these 3 things, it is impossible to understand Bitcoin.
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No matter what you invest in, it still has a risk factor. I don't understand why people call Bitcoin a financial pyramid. Bitcoin isn't advertised as a fast method to get rich but as a future cryptocurrency which is a different than ordinary currencies (called fiat).
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It's really difficult to say what will happen to Bitcoin in the next year. I doubt that Bitcoin futures could cause some sort of damage to the Bitcoin value. We have to be patient and don't sell our coins. A lot of people might get acknowledged with cryptocurrencies because this topic is becoming more and more popular.
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In my opinion we need more than 5 years to replace paper money with cryptocurrencies. We have to persuade people and help them with configuring payments. Also, educating is quite important in order to prevent thefts and stupid mistakes.
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What about Keepkey? Why nobody is recommending it anymore? Is it still available and supported? If not I would buy a Ledger device, Ledger Blue seems like a solid one but it costs more than 250 euro which is 5 times more than one Ledger Nano S!
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This is only a rumor. I wouldn't get hyped, why would they accept BTC? It would be definitely a nice thing to see but I doubt it's going to happen. Price could go up just because of this announcement.
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