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I think bitcoin is unlikely to be the world's currency. This can be proven by now, there are still many countries that prohibit the circulation of bitcoin. They can not even accept bitcoin at all. I think the dollar will still maintain its existence as a world currency. Bitcoin is only as an alternative currency that can only be used in some countries. But, nothing is impossible in this world. So, my opinion can be wrong. But, I just reveal my analysis.
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I'll just add why bitcoin is worth. First, there is no central institution that regulates bitcoin. Second, bitcoin transforms the Internet, from data transfer system into value transfer system. Third, bitcoin transaction cost is very cheap so it gives more benefit for the user when compared with credit card transaction cost which reach 5%. Fourth, bitcoin easily detects cheating in the system. Lastly, the status of bitcoin as the ancestor of all cryptocurrency and existing blockchain technologies.
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I'm not sure, the crypto currency will replace the national currency. It is unlikely that all countries in the world will accept that policy. Surely, some countries will reject it. But back again, if nothing is impossible in this world. If it is possible then it takes a very long time, 5-10 years time is not necessarily able to make the crypto currency replace the national currency.
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Yes honestly, I also really need bitcoin. I need bitcoin for my investment savings in the future. Indeed, I really want to have an investment. I want an investment that can only be controlled by myself. However, as the information develops today that bitcoin prices are getting lower then I also reserve my investment in the gold. Besides that, I really need bitcoin because I can use transactions in country that support and open with bitcoin. It will facilitate my transaction. I do not have to go to the bank to exchange money in the currency of that country.
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I also will still hold my bitcoin when trouble days. An investor, who is experienced and professional, is smart to analyze market conditions. They can predict what will happen. If they are rash to sell their bitcoin then the people who buy will be very happy because they get a low price. I am certain that the bitcoin price won’t be static below. I'm sure it will crawl up again. Many investors don’t want to lose money. I am sure if prices are going down for a long time then they will think of a strategy for this coin to rise. They can use tactics to influence demand and supply of bitcoin. They will work together to do this with some investors. I'm sure of that.
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#PROOF JOIN TELEGRAM
Bitcointalk username: raidal
Forum rank: full member
Posts count: 567
Telegram Username : @triyanto3
Number in the spreadsheet: 1602
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Honestly, if I have a lot of money and a lot of coins, I am confused how to spend it. I will not spend it. I will use my coins for business in the real world. Perhaps for car rental business or property business. I will not spend my coins but I change my coins to other businesses that can guarantee my life. Plan for my coins in the future, I will invest my coins in the long-term investation until the profits from the coins can welfare my family life.
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