I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.
Yes, I agree with everything you say. Because in fact, the problem of this is not on Bitcoin but on people who use Bitcoin in crime. Before Bitcoin, there are already many people who commit crimes through the internet and after Bitcoin, there are more and more bad people who take advantage of this moment. And finally, Bitcoin's name became bad in the eyes of everyone who did not know him. |
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If I think Bitcoin does have a lot of risks but the benefits of Bitcoin far more than the risks. All the risks that exist in Bitcoin can be paid off with huge profit Bitcoin. I am ready to bear all the risks that exist in Bitcoin. |
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I am very excited to see Bitcoin being the sixth largest currency in the world. Because for me this is already very unusual and Bitcoin can already beat some other currencies. If the price of Bitcoin can continue to be high every year, I believe in the next few years Bitcoin rank becomes number 1 in the world.
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I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
I think crypto will not replace fiat money. Crypto will only live on the internet and fiat money can run as usual. Although crypto is growing and the price every year is always high but I believe fiat money will not be replaced with the digital currency. |
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In recent times, some new ICO companies have been kidding about Bitcoin on Twitter, Facebook for their ICO promotion. I think this promotion way is very negative for Bitcoin. They showed that Bitcoin will be destroyed and their token will become number one. They have presented it in such a way that the price of Bitcoin will not rise anymore. I think this type of promotion is very negative in the market.
I think this is very reasonable and does not need to be a problem. Because every project will definitely boost their token and drop other tokens. The goal is yes so many investors who join and buy tokens. |
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
Yes, of course, this is a nightmare for the government because Bitcoin has many advantages that are not owned by other currencies. The government in the world does not make Bitcoin illegal completely because there is still a sense of government trust in Bitcoin. It's just that the government is monitoring continuously until when Bitcoin will continue to survive. |
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I think you are not too late to buy Bitcoin now. Precisely now is a great time to buy some Bitcoin and you can invest in the long run. I believe that by the end of 2018 the price of Bitcoin will go up tens of times.
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price what might be the reason why bitcoin's price is going down? what are the major things that can greatly influence bitcoin? answers would be fully appreciated  The most important reason Bitcoin prices can go down very drastically is that more investors are selling Bitcoin than buying Bitcoin. They sell Bitcoin because of panic Bitcoin prices go down and when they sell it only causes Bitcoin prices dropped dramatically. |
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At first, I thought bitcoin was a useless and deceitful thing. Later, I thought it was a tool for speculation. Later, I thought it was a valuable invention.
Something of value must have a price. Now, the price of each BTC is about $9,000, which is much higher than the price it has shown for the first time: 10,000 bitcoins for a $15 pizza coupon. If I were the owner of the deal, I wouldn't have dared to eat pizza for the rest of my life.
What do you think is the future price of bitcoin?
I also thought Bitcoin was worthless and not important at all. But it turns out Bitcoin is a valuable digital currency because of high value. I'm sure that Bitcoin's price in the future will be able to achieve a very high price and become the best coin of all time. |
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-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.
Yes, I agree with everything you say. But it is most important why Bitcoin is so valuable because the amount of Bitcoin in the world is very limited and not everyone can easily have it. With a limited number but a lot of his enthusiasts. This is what makes Bitcoin very valuable. |
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Why do we really need Bitcoin?
I am a secretive and confidential escapee. I hate keeping money in safes with passwords or depositing money in banks that fear bank bankruptcy. I need bitcoin, will no one have control over my bitcoin account, unlike other electronic money systems, you may be locked account, frozen property. With bitcoin you own the private key, with a separate bitcoin address. No one manages and controls accounts outside of you.
And you?
That's right what you say. I really need Bitcoin to save money that I have with very safe and not easily deprived people. Saving some of our assets in Bitcoin can certainly be very profitable for us because every year Bitcoin prices always go up and up. Right now I really need this cryptocurrency. |
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In future will the banks be able to exchange bitcoins?
Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?
Yes of course in the future, we can all exchange Bitcoin in the bank. If Bitcoin enthusiasts more and more and we can not afford if only exchange with traders, of course, we need a means to exchange it for easier. Hopefully, Bitcoin enthusiasts always increase every year. |
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I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?
If Bitcoin can continue to increase its users, improve its development, and increase its price every year. I think Bitcoin can be a virtual currency in the future. If the development of Bitcoin is always stable and always growing rapidly, Bitcoin will easily become the best virtual currency. But if the development of Bitcoin is bad, Bitcoin could have been replaced by another better crypto development. |
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Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
Yes, you are right Bitcoin is not suitable to be called as currency. Bitcoin prices are very volatile is more suitable serve as a long-term investment asset. Because Bitcoin is more profitable to be used as an investment asset than used as a currency. |
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I think bitcoin is really a good investment for now, but I don't think it is a good idea to put all your investment in bitcoin or crypto currencies since it is unpredictable and very risky to take. For me it's still better to start your own business than depend your future in bitcoin investment.
What do you think guys?
Yes, I agree with you. I also do not want to rely too much on Bitcoin and other Altcoin. Because if we invest all the money we have into the crypto, of course, this is very risky because we all never know until when crypto continues to survive. I did invest in cryptocurrency but I only invested half of my capital. |
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I advise you to buy Bitcoin now. Bitcoin prices are now starting to rise again but if you buy it now then you hold it until the end of this year. I am sure you will get multiple benefits. You do not have to worry about investing in Bitcoin because Bitcoin is definitely promising. And you can spend big capital to buy some Bitcoin.
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The market is constantly fluctuating. What is your opinion?
Yes, the crypto market will continue to fluctuate. I think it's a natural thing and it should not be surprising. Crypto market is dependent on many and at least supply and demand. So if more demand auto market will rise and vice versa. |
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Bitcoin will never be a global currency. Bitcoin will remain a digital currency. Bitcoin enthusiasts are a lot but this will not turn Bitcoin into a global currency.
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I think in the future Bitcoin will not disappear, in fact in the future Bitcoin will grow at a high price. I am sure the price of Bitcoin in the future will be very high and will be the best coin of all time.
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Why, until now, government all over the world still doesn't trust bitcoin?
Actually, not all governments do not believe in Bitcoin but there are still many governments who believe and use Bitcoin in his country. Some governments do not believe in Bitcoin because Bitcoin can bring bad influence to its citizens and can be used for illegal things. The government simply does not want its citizens to be deceived by Bitcoin. |
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