They do not actually hate cryptocurrency but does not see the relevance of cryptocurrency with Banks. Cryptocurrency is based on the internet while banks are used in the real world to save up money. Banks are not yet integrated with Blockchain Technology and they still want to continue the process that they have been following from the start.
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That is actually one of the reason why the price if Bitcoin is dropping and it is due to a lot of investors selling it at lower prices. But this may be a opportunity for a lot of new investors to buy it at a low value and wait for it to increase.
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If we do not know why Bitcoin's price is increasing, we cannot also speculate on why Bitcoins price is also dropping. Bitcoin is the most popular cryptocurrency because of its value. Maybe the reason of its sudden decrease in price is that a lot of investors are dumping it and buys another Cryptoccurency to spread their wealth into different cryptos.
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Cryptocurrency cannot make local currencies dissapear because not everybody can access cryptocurrency yet. The undeveloped areas in the world have no access to the internet and without internet, you cannot gain Cryptocurrencies.
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There are many ways to invest on bitcoin and this may require your physical money and you need to create a big decision while investing. Bitcoin may still be unstable and may cause the investor bankruptcy which is a problem that a lot of investors doesnt want to deal with.
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Learning about cryptocurrency is a good idea but it is already a part of some technology that we call Blockchain. We should first learn about Blockchain technology and how we can utilize it and later learn about cryptos. Blockchain is being implemented worldwide and there is only a small population learning about Blockchain in different countries.
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The list you gave is a very good one and almost everyone that only got their accounts hacked are because of carelessness and rash decisions. Crypto wallets come with instructions on how to use them safely and they got extra security measures that we can add so we can be safer on using it.
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Unfortunately, bitcoin is far from controlling or governing the whole world. Bitcoin is a cryptocurrency that is in the internet. If governments starts limiting the use of internet then there would be no one that can access Cryptos. But bitcoin can at least create significant changes to the world and it can be either good or bad.
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Well, we cannot really say or even speculate about this kind of things because making a huge speculation about how Cryptocurrencies will go can change anytime. Bitcoin being outdated is really hard to speculate because even though we can see that its market crashes, but now it is rising and regaining its former glory.
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It can only happen once they at least consider a single goal and that is to eliminate cryptocurrency. Governments in some countries can only lessen the use of Crypto by banning cash outs options and other way of lessening the interaction with Cryptocurrency by restricting the use of websites that can access Crypto.
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Bitcoin was created using Blockchain technology. Bitcoin is used for payments and other transactions and Cryptocurrency is what we call this currency that is used on the internet that uses Blockchain. It becomes a currency because it has a value that other depends on like the US Dollar that has became a basis of other countries for their currencies.
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Unfortunately, We still do not know until when Bitcoin will increase its price and the reason why it is becoming a basis for other cryptocurrency for their value. Bitcoin is recovering from the dump that it has experienced because a lot of investors are investing again for the long term.
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Bitcoin is valuable because of the help it offers like making queue's shorter for payments and the security and services it offers are helpful to everyone who uses it. Bitcoin is one of the best use for Blockchain technology which is revolutionary and used for advancing more technologies.
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There are a lot of jobs that can be done here in the Cryptocurrency Industry which has high payouts and the jobs are easy to do. You need to be hardworking and efficient in the things that you want to do and doing the task that given must be done with 100% focus. You need to be interested in the things that you are paying attention to so you will enjoy earning.
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We can never know what can happen in the future but we can make different speculations and decision regarding the future. If we believe that Bitcoin can still prosper in the future, then investing on Bitcoin is a good choice. However, it is only possible if you have enough money to sustain your daily needs and get back the profit in the future.
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This topic is a very good one and im thinking to myself why it has not been merited and not being recognized by others. Investing is a good decision but if you want to invest, you also have to know why you do not need to invest in something like Bitcoin. Bitcoin can have its price doubled in the future but you do not know when so that is a risk that you are taking because you do not even know how and why is the price of Bitcoin increases. You also do not know how long will it be really secured to use and the storage where you keep Bitcoin or other cryptocurrency will be safe to use.
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MEW or MyEtherWallet is still one of the safest wallet in the web browser. MEW requires various ways to be accessed before seeing what's inside the wallet. One good way to access it is Metamask that requires personal password. Accessing it with Private Keys is a bit risky because there are a lot of phishing sites that is created and hackers are getting crafty on how they create these websites.
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Becoming wealthy is a hard thing to achieve. You can be wealthy in a lot of things, but being wealthy in terms of finance is hard to achieve. You need to be hardworking and be content on what you receive everyday. Being wealthy means that you are responsible for whatever you are doing with the finance that you are receiving and responsibility is hard to maintain and that requires focus and the will to maintain it.
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There are already a lot of opened topics that is related to this one but i guess this topic never gets old. Investing is a big decision that requires critical decisionmaking and this decision cannot be easily changed. Before investing in something, you need to understand how it works and how will investing on it will affect your life. Bitcoin is a cryptocurrency that has become very popular worldwide and used as a mode of transaction for various payments. It is not affected by inflation because it is crypto.
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Price stability or Value stability is important because it can affect the ratings of different cryptoccurencies including Bitcoin. Bitcoin has become a basis of other Crypto's in this industry and has played a huge role of setting a standard for other crypto's that plans to get launched.
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