I have no clue if we will have bitcoin in 100 years. Economy can change completely in such a long time. Maybe there will be some society like in Star Trek, where money is not needed anymore. Or we will be living in caves again using sticks to hunt bulls and bears. I think it is necessary to support the bitcoin we have today. Only then bitcoin has a chance to exist in 100 years.
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Bitcoin was not declared to be illegal in South Africa. They just said bitcoin is no legal tender there. Many, or most countries have the same oppinion. That is not good or bad news for bitcoin. It does not affect the circulation of bitcoin. We have to wait and see what regulation moves will be made.
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I don't think that we will see bitcoin to go down to 2K again. Even if we would lose the whole demand in China. There are so many long term holders like me who would never sell their coins by now. I think that somewhere in the 3K area, there is really a bottom. No matter how bad the news situation gets.
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I really hope that the coins going to that address are part of the scammers advertising technique to simulate that their programm is working. Or could it really be that there are still so many people believing their ridiculous story? It's 2017 now, everybody must now that trick with the doublers, at least I thought so.
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Earning enough bitcoins to make a living depends on how much money you need to make a living. And it depends as well on how much money you have available to make investments. I think that a well paid signature campaign can bring more money a day than a worker in a third world country earns in ten hours.
And if somebody lives in an industry nation, he has the option to do tradings. Bitcoin moves a few percent against most altcoins each day. Let's say somebody is capable to get a profit of 0.5% every day. With a trading volume of 6 bitcoins he could make 100$ each day.
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I am wondering: do these interviews really affect the market? When I want to buy bitcoins, I usually do some research in what I am investing. I suppose everybody of us did that. Do those interviews really make us sell? Or do we know anybody who sold because of the Dimon interviews?
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I think that people who already have bitcoin are a little bit informed about what they did with their money. None of them is going to sell because some guy they probably never heared the name before gave an interview or two. At least I don't think so. Everything Dimon can achieve is to stop a few people from buying. Personally I don't think his fairy tales have much influence on the market.
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I think that is very nice to hear. I am sure that Dinmon did not think that there would be any possible consequences in legal terms that could follow his interview. For future interviews out of the financial sector, I suppose they will think twice if their statement could be interpreted as misleading information.
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I do not think that such a thing like a really free society is possible. A societiy is made of individuals, and when the number of individuals grows, you will have a few with questionable moral there as well. Those will try to rule the others. The only way to prevent that is for the others to stick together, and set up some rules as well...
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For me using bitcoins has many advantages.One of them is from using bitcoins we can increase our income and save some money for our better future.Bitcoins has several more advantages in today's digital world.Because bitcoin is a digital currency.
the advantage of it, it is anonymouse we can forever use it and it is really a big help for all of us thats why i like it, due to its high value in the market it helps me even more thats the advantage of it definitely its value in the market now. Absolutely! I think that there are number of pros of Bitcoins. I think if there were not so many benefits, then there won’t be this much popularity and fame of Bitcoin as we are experiencing now. The biggest advantage along with giving so much profit to its investors is its “Decentralized Nature”, due to which many of us are attracted towards it. I think that the technical advantages of bitcoin were the reason to buy it in former times. Sure, bitcoin still has those advantages. But from all I see and hear, people buy bitcoin only for one reason: because they expect the price to increase. And that developement is on only limited to bitcoin, but to all the crypto currencies.
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I think it depends very much on the country somebody lives in. There are already thoughts of some central banks to remove all phisical money. And when you look at Sweden for example, they are already on that road. They even collect the money in the churches in a digital form. In twenty or thirty years, I think we will see some countries where shops won't accept cash anymore.
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There are nearly no hard numbers somebody could use to calculate the true value of a bitcoin. So to me the true value is whatever the market price for a bitcoin is.
The wsj article claims bitcoin was designed to replace ordinary money. I think that was never the idea. To me bitcoin was always ment to be used parallel to the fiat system.
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I would split it as well. Maybe 25% ether and 75% bitcoin. Ether seems to be cheaper at the moment than bitcoin, but we live in uncertain times. That is why the bigger parte of money would go into the more stable currency at the moment.
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The chinese government is actively cracking down on anything, that will allow its wealthy citizens to get wealth out of the country. Bitcoin, is obviously a great tool for this, and is therefore an enemy of the communist party.
That is how I understand it as well. Chinese citizens have not much trust in the local fiat. They brought about 2 trillion dollars during the last five years in many different ways out of the country. Bitcoin is one form of how they do it. And as a consequence of that the government in China gives bitcoin the same attention the other ways of money movement get: regulations.
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I think as well that nothing big will happen that day. Everybody who is affected by it had enough time to figure out what he wants to do. There is no surprise effect in it, so I think there won't be a panic reaction.
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I have seen that you can make money from offline products that fall into the bitcoin area as well. Some sell shirts, others import those real bitcoin coins from China and sell them for a much higher price at home. There are many options to profit from bitcoin it does not need to be the crypto currency itself.
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I think it is not only a problem of the US but a general problem in the world. There are those numbers that 0.1% of the population in the world own 80% of the financial assets. And the wealth is even concentrating. Not a very encouraging developement in my eyes. Maybe bitcoin can bring a contribution to spread the wealth at least a little better.
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One currency in the fiat world, I think it would damage the economy in certain areas in a big way. When you look at the Euro, they made that experiment with a few countries. Even some of the industry nations that were used to devaluate their fiat got real problems. Expanding that scenario worldwide, its consequences to many countries would be even more destructive.
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Right now spending bitcoins got a little easier. The mempools is not full, that means fast transactions and acceptable fees. And when you look at the current price, it was kind of stable over the last three days. That does not sound much at first, but if you want to buy bitcoin and make a transaction with them it is more than enough time.
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The amatuar or new traders should be allowed to lean they lesson in cryptocurrency trading through experience and sacrifice. Panic is the greatest enemy of every new traders and the only way to killed it completely is through experience. Many new traders that buy bitcoin at $4600 sell it at $3000! Time will come in they trading life that they will know that the principle of successful trading is buy at lowest price and sell at highest price and not the other way.
I think as well that this is a process people have to go through when they start trading. People experience an unfortunate situation (bitcoin loses value, they lose money) and they want to get out of it. The fastest way to stop losing money is to sell. And with their lack of experience they don't see that after bitcoin has fallen, it has recovered every time. With time they get used to the fact that the price does not always go up. They stay calmer.
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