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Well Bitcoin itself have "0" value, but we, the people make it valuable. But according to current demand and current supply along proof of existence with tremendous computing power's proof of work makes bitcoin unique and more valuable.
Some of characteristics of Bitcoins really bring revolution to world with innovative concept.
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Before making any investment in Gold or Bitcoin, I would like to suggest spend on learning what is Bitcoin ? Its very important to user before making any decision and transaction. Such knowledge will give more confidence, trust and power to take decision where to Invest ?
World is still not fully aware about Bitcoin and altcoins. But its real future with proof of existence and proof of work.
And now its up to user what to do ? Right now investment in Bitcoin is a great investment platform for future, but its not advisable. Make yourself educated and make decision.
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Hi everyone,
I've join the bitcoin world for 1 year and earn a little income from this wonderful place.
But, unfortunately, when I talk about this to my parents, they all said this is the illegal money and I have to quit it before getting trouble with the government. Truly, even the main TV news program in my country said that, national banking system will banned bitcoin from any payment and there will be an punishment for that.
In my opinion, Bitcoin and crypto. still have its advantages and could be helpful if we use it for the good purpose.
What do you think, how can I explain to my parents? some article would be great. Thank you all!
Bitcoin is not a illegal money. It is also one kind of digital currency. Some of the countries are legalized in cryptocurrency. But most of the countries are not aware in cryptocurrency. So these kind of problems are create in many families. You have some knowledge about cryptocurrency. In future all the countries are accepting cryptocurrency. I think you should explain about legalization of Bitcoin. Yes Bitcoin is a form of token/share which generated by mining, using tremendous computing power which really costs to miner to finalize proof of work. Its bit complected process which need more information and knowledge to get into. Many people still don't understand power and potential of blockchain and bitcoin. After agriculture, mining bitcoins/altcoins to secure ledger with computing power is real invention in last 1000 years. It offers open source earning opportunity for everyone who willing to know about it. |
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People still are bounded in traditional thoughts. I personally believe that Gold is Gold. Gold is valuable at its own status and level according to precious metal. But we cannot compare it with bitcoin as an asset.
World is now in starting phase of decentralized technology's adoption, but in coming future everything will be changed.
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Its a great news that such an organization and school are taking interest in accepting payments via Bitcoins for their activities such as fees for education, tuition and donation.
Such schools, universities and organizations can become idol for user, candidates, students and communities related with them for Bitcoin awareness. More user interest and proper education about Bitcoin can make world more literate.
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Yes children are future of tomorrow. And as Bitcoin is future money we must have to think for better and stable future of our children. In coming generation price of bitcoins will be much higher according to current requirement, supply and speed of generation.
Today's investment for children future, can give satisfactory outcome with big ROI in future.
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Basically there is need of paper money to circulated business with FMCG market. In every country their federal reserve banks have make appropriate currencies to roll in market to control economy.
Bitcoin still have advantage to make micro transactions but still it need internet connectivity. Along with this there is transaction fees and time require for transaction confirmation are also considerable things while doing Bitcoin transfer.
So there are chances to get paper money replace from world but it will surely take lot more time to implement it.
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What do you think a about it? is it good or bad for bitcoin?
Its obviously good. Not just for person or community but for whole world. As more and more people will get aware, it will offer more mobility and confident to user within network and environment of bitcoins. More awareness will bring more popularity of Bitcoins, and this will impact on price of Bitcoins against fiat globally. |
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Politics is taking Bitcoins characteristics and enviournment towards centralization. And Bitcoin is anonymous, decentralized and open source with its own protocol. There is no connection of any political person or group in Bitcoin development, invention and formulation.
Hard fork is completely depends upon conclusion and decision of majority. Bitcoin development is one of the successful experiment done with blockchain and cryptography.
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Bitcoin is not just only best investment option, but also a great future platform for business, to offer decentralized platform with more accountability and scalability.
Bitcoin already make it simple to make cross border payments in globe with internet. This revolutionary invention already brings much change in economy and finance. In coming future there will be more businesses and individuals with decentralized platform.
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My observation is if user is sending BTC from their own wallet which have many small deposits are acquiring higher fees than regular transfer. As many Unspent/spent amounts seen in transaction. Smaller amount transfer with smaller unspents cost more fess due to size, weight, fee per byte and fee per weight unit. It impact on process of transaction verification, which is done by miners.
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My suggestion is only use that wallet which offer user total control with private keys. HOLDing Bitcoins on third party wallets which don't offer private keys is like risky.
In my opinion blockchain.info is the best wallet, along with blockchain.info, Hardware or desktop wallet with appropriate precautions is also great ways to keep your Bitcoins safe and secure.
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First of all Bitcoin is the invention made in last 1000 years and additionally blockchain and cryptography is invention of this century.
Bitcoin is based on open source platform, decentralized technology and strong algorithmic proof of work. Which makes bitcoin standalone. Bitcoin is origin of cryptocurrencies. Bitcoin also known as prime/master currency among cryptomarket as each and every altcoin(cryptocurrency) is evaluated in BTC.
As well as Bitcoins open doors for everyone to open source economy, which is the real invention of last 1000 years after agriculture.
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Yes. For Sure.
Since internet is invented and web technology is implemented, social media in different way always help to influence any social, political, technological and many other categories with announcement, news, reviews and updates.
In Bitcoin growth already media performed very well important role, to get globe aware about Bitcoins and its features as well as future.
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I have download desktop wallet for windows, but getting problem with wallet synchronizing. Kindly please update nodelist to get wallet synchronized. Its showing 18 weeks behinds at my end to get fully synchronized.
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Seems promising project offering instant payments to anyone, anywhere in the world. Really this is an experimental new digital currency that enables transactions instantly. This feature can take invictus to new height.
Nice project waiting for news and updates.
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Honestly. Its now not advisable or conceivable to anyone to make investment in Bitcoins with just believing in news or rumors, kindly give proper time to learn things, spend time as well as money to become aware before making any financial transactions. Bitcoin is already reached to height. And as Bitcoins is decentralized, no one control it. Its a self controlled network system which don't offer support. In such cases simple mistake also can lead to huge equity loss.
So advice is kindly invest that much amount, which you can afford to lose.
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I think before working for any activities to get/earn bitcoins, everyone must have to spend money as well as time to learn Bitcoins and its environment in better way. This knowledge will give more confidence, mobility and trust within environment, network and system. Signature campaigning, Bounty rewards, Trading, Mining, taking altcoins, running informative sites, BTC affiliate programs are some of ways which can really earn smart revenue in BTC residually.
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Not just greed and fear but also public awareness too, responsible to increase price of Bitcoins exponentially. People all over from globe getting aware and started to believe that Bitcoin is a great tool/platform to get good ROI at initial stages. But one price increase people sell out their holded coins to open market. In same way Bitcoin always keep rising with exchange from person to person and fix its own floor rate. Now its quite hard to bring bitcoins down as it have already capped huge funds.
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Not actually.
Even its just beginning of new era of economics and finance which blockchain and bitcoin gives to world. Still there are few things which have to take serious as what is fees increased due to high traffic and higher difficulties. In future definitely there will be solution for it.
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