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The man is certainly a great risk taker. I don't think I would have gone to the extent of selling my house in order to invest into bitcoin in 2011. I am sure that so many people will do some astonishing things for bitcoin if they could turn back the hand of the clock. I am happy for him.
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Competition is a very good thing in business as it will enhance improvement in customer service, turn around time and ultimately lead to good rate for customers. One important thing is to be sure to check very well before you deal with any new exchange because some existing exchanges still have reputation issue.
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##PROOF OF AUTHENTICATION##
Bitcointalk Username: gamechangers
Telegram Username: @larrycool190
Campaign: Facebook
Spreadsheet #: 104
Ethereum Wallet Address: 0x62AA5F4b798402b94283B165291dD95B114D1c56
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Bitcoin is very safe only if you want to make it safe. It is your responsibility to ensure you are using a Cryptocurrency wallet that has reputations for security so that hackers would not have access to your coins. Hacking is the major issue with cryptocurrency.
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Apart from the fact that the Chinese government has not been showing any support for cryptocurrency, I seem to like this move in a way. For one reason that majority of the ICOs are now scams. ICOs may be completely scrapped in future if there is no proper way to screen and certify the projects before people invest.
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Germany is one of the countries taking the lead in cryptocurrency adoption. Adding bitcoin as legal tender in such a big economy as Germany is a sign of better things to happen to Bitcoin in future. A number of countries are going to follow this step.
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Long before this time, when the price of Bitcoin was less than half of a dollar, the government did not care at all. The government even did not care much when it was below one thousand dollars. It is easy to judge from the recent price surge that the government will want to regulate if the price of Bitcoin rises. So definitely, we should expect more regulations in future.
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I don't want to think this is bribe. It completely depends on the position if the law in the affected country because in some instances, people are allowed to donate money in support for a certain mission. This are usually done by supporters without expecting any compensation in return. If you call this bribe, you may have to substantiate your claim.
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Thanks for the advice. In practice, it is highly unreasonable to invest all you have because the outcome might go not as you hoped. In cryptocurrency, people are always advised to invest only their spare money or any amount that they can afford to lose. I hope they will be able to stick to the advice.
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I personally see this as a good development, considering the high level of scam that is so far witnessed in cryptocurrency. If this kind of compliance is not in place and enforced, people will gradually see cryptocurrency and exchanges in particular as means of perfecting criminal activities.
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Regardless of whatever discovery linking bitcoin to pornography, it should be well understood that bitcoin and other cryptocurrencies are in the family of money. People want money so badly that they can commit crime. The best thing a reasonable government can do to help a situation like this is to regulate it.
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That interest of paying $900,000 on a loan of $100,000 is quite high. This can put the borrower in indebtedness forever because he may not even be able to sell the house to cover up for this. Investing in property is less risky in my view and it is possible to have access to loan with low interest rate. The best thing is to invest in both.
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