I do not have any grief about Bitcoin, but instead I would say that the new evolution of Bitcoin helped people to get rid of poverty and reduce the pain.
Due to the evolution of Bitcoin, the world has got a new technology which will lead many businesses and industries towards decentralization with its right use.
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I checked our for Wikipedia link for 777 number at link mentioned in op ( https://en.wikipedia.org/wiki/777_(number) But nothing is there. What is means. Just got stumbled with results shown on Wiki page. So what it means link wrong or information wrong ?
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According to demand and required supply price of Bitcoin will increase forever till its finish mining. Mining is the only way to generate new Bitcoins, and currently 16,726,012 BTC out of 21,000,000 BTC are in circulation, and out of 16,726,012 BTC, 974,144 BTC are traded by today only with 63% Dominance as Per Coinmarketcap.
If consider people who hold Bitcoins at initial stage are already millionaire even billionaire, If huge community holding Bitcoins keep supporting then price will oes beyond sky limit as up to $100K to $1000K.
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Its totally depends upon users, who hold bitcoins by investing own money. Second factor which is generation or earning in Bitcoins. Now a days many enterprenuer and crypto enthusiast are earning smart revenue online. Now its totally user's choice as if they wish can exchange required amount of BTC against fiat or can hold and stake them to get higher returns in future.
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If by generating, you mean creating them then no, mining is the only way as while trading, you're just buying the coins which got first created by miners but If you mean earning then yeah, you can pretty much do whatever you do to earn fiat.
Yes completely agree. Anyone can offer there services and skill to get paid in BTC (If possible). Otherwise service provider can take fiat currency and exchange it to BTC to keep it as investment for future. But still mining is the only way to generate Bitcoins, according to process of generation of Bitcoins. All other ways as faucet, trading, minting, sig campaigning and many others are source of earning, where user can only earn bitcoins.
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This is for a personal writing project I'm working on. I imagine that Bitcoin would be good for things like teaching things like math with decimals ("How many Satoshis do you need to get a tenth of a Bitcoin?", stuff like that), budgeting (Spend it on whatever you want, but when it's gone, it's gone), or even a little bit of IT / programming stuff like how cryptography works. What do you guys think of this?
I don't think that Bitcoin is a specific subject that can be teach is classroom. Rather I would like to say that, we can give example of Bitcoin for a great innovative invention done with two great quantum physics theories blockchain and cryptography. Bitcoin is not a bite of everyone's mouth. Because there are so many white papers are available to learn blockchain and cryptography.
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Buying bitcoin in large quantities face to face is very very dangerous.
This. First thing - you don't need to sell everything, just sell enough so you can pay your bills/dues/whatever and have some spending money. Bitcoin will likely still rise so it would be wise to leave some. Maybe to spread over some other altcoins. So sit down, think it over - there is no need to rush or do something you might regret sooner than you think. Yes completely agree. Having 100+ BTC in wallet offer your free coins from hard forks and other depended program. Stellar, BCH, BCC are some of great deal to claim free coins which gives your free money totally. 104 have quite huge amount of exchange in fiat. And one more recommendation is don't sell at exchanger as there are walls with small amount with purchase order. If you sell there all of your Bitcoins then it might take price of BTC too much down against Fiat for short while.
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No.
I don't believe it. Even this is not possible because, Fiat is need at grass root level as its a mode of exchange for goods at domestic level. Altcoins are great option for using them as a mode of exchange but for this both of users must have to be aware about cryptocurrencies. According to current speed of awareness of altcoins, it will really not possible. And if still possible there will be a so many troubles to implement it.
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I think many will prefer Bitcoins over fiat, as fiat is quite lengthy, time consuming, centralized, acquiring more charges for remittance and exchange. Whether Bitcoin is completely opposite. Giving more transparency, safety and lower fees. These features makes Bitcoin unique. And this is the reason behinds peoples requirement of BTC over Fiat.
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This halving is ending by 2020. SO till 2020 block rewards will be 12.BTC for each block. After 2020 it will decrease by 50% and will be set at 6.25 BTC for each block. Its clearly addressing that generation of Bitcoins will be going to reduce. So if consider formula of demand supply for Bitcoin's distribution then price of Bitcoin will definitely reach to $100K+.
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I have a $1200. I want to invest in bitcoin . Is this the time to invest in Bitcoin or should i wait until BTC down? I suggest investing from now before bitcoin prices are getting more expensive. it would not be a loss if from now investing bitcoin because bitcoin prices will continue to rise. Yes I agree. rather I would like to suggest go for generation of Bitcoins. As anyone can generate Bitcoins with proper technical knowledge. But it will costs more as day by day more participants are getting involved in mining which supports network to keep safe, secure and running. Buying Bitcoins for certain price and then sell at higher price, this will give your just one opportunity to get returns on investment. But generation of Bitcoin gives your more mobility and freedom to control your Bitcoins flow. Also I would like to recommend spend more time on learning basics of Bitcoin platform, Blockchain technology and environment of bitcoins. This will help you to be confident, while transacting bitcoins.
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First thing we have to fit in mind that Bitcoin is thing which human have made with proper cryptographic algorithmic platform for exchange of tokens, which purely work on peer to peer network.
Now my opinion about crash of Bitcoins -
Bitcoin basically have value for its type of work used with algorithm to generate tokens by solving blocks. And as now many users are part of this process of generation of Bitcoins by contributing computing power, which really costs to miner. And against this cost of investment, contributors get rewards according to their share of participation.
So as per my view miner who have BTC or people already had BTC can decide price of Bitcoin and user have the only option to buy it at sellers price. So when user stop to showing interest in Bitcoins, there are possibilities of crashing Bitcoins. Otherwise Bitcoin is really valuable commodity for future investment, and more and more interest of common people will take Bitcoins to new height.
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Its safe, but have to take appropriate preventive measures before using Bitcoin's wallet via phone. I would like to go more deep as these security measures are vary according to service provider. Holding Bitcoin will parallel wallets such as Blockchain coinbase and xapo gives facility to operate with any platform as desktop as well as app wallets. Using 2FA is must to access such wallets online via apps or web.
Keeping wallet back up safe along with private keys of your own wallet is also very important while taking preventive measures for keeping Bitcoins secure within your wallet.
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I impressed with Bitcoin's invention. I respectfully trust in blockchain technology. It's a real innovative technology behind Bitcoins. Along with this awesome decentralized technology, I like the way Bitcoin is spreading in world. I would like to say it honestly that I really like existence of Bitcoins. And I also like an opportunities which Bitcoins offer to everyone, to get truly financial freedom.
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Jump and dump are common for new launched altcoins, and Minexcoin is going from same phase as it have already rise up from $1.19 USD (0.00016879 BTC) to current rate $38.43 USD (0.00314870 BTC) so this is common at initial stage. But If we are looking towards for long tern run then there are multiple sources Minexcoin offering to its users. Minexbank is currently in working phase, MinexPlatform, MinexEchange and MinexMarket are still upcoming features. This clearly indicates of price increase in both BTC and Optionally USD.
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Ya right now bitcoin is at really high price for exchange against fiat. But increasing blockchain technology implementation will give more value for bitcoins. Simultaneously, price for contribution of hashpower will also increase according to difficulty level. Al taking bitcoins to new height which creates new milestone in history of price against BTC.
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Yes because generation of bitcoins will finish by 2130. So till that time at least bitcoins will be worlds famous, well know, most valuable and precious cryptocurrency among cryptomarket. It have strong proof of work, which increasing day by day to provide more stability, security and safety to network done by miners. So in coming 100 years bitcoin will not just survive but, it will create its own height in market. Price for exchange against fiat, which will be remarkable in coming 100 years.
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Yes its quite unexpected and unimaginary for now for me. As I expected price of bitcoin will reach to $10K by 2020 but its growing so fast, and there are many factors actually reasonable for it with positive endorsement and environment. I am currently expecting its price by $100k in coming 5 years or even more.
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As per Bitcoins whitepaper there will be 22 million bitcoins will be mined by 2145. But now with updates 21 million bitcoins by 2130. Well have any one notice while making bitcoin transaction that how much amount is charged for transaction in form of size ad fees per byte. I noticed it carefully even anyone can check that transaction fees and price per byte is increasing. It means when mining will finish, there is only way to earn transaction fees from sender to verify that transaction and circulation will be in same manner.
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My straight question is why people do jobs ? And answer is simple to earn money.
I would like to focus on things how happens -
There are primarily three necessities of human - food, cloths and shelter, Since from ancient period and are still. We everyone want to live better life as now its possible by spending money. But for that money human start to use own skill initially to get paid for own excellence. After then its moved towards centralization as human start to hiring other to by paying them. an so .... it a a big story. But I end here.
Now Bitcoin. Bitcoin is open source, second thing it have already created open source earning platform for everyone. Blockchain is real invention after agriculture as anyone can do in last 1000 years.
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