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How come it's for the rich? Maybe because you see that the large portion of bitcoin is owned by a few wealthy people but you need to widen your perspective and you will see a lot of testimonies where an average or poor got rich.
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These billionaire investors can play the market anytime they want because they are also organized but I don't think they would let it collapse because they are all too greedy and I'm sure they would want more than a billion which is a trillion in return.
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I guess those people who are saying bitcoin is a scam are those who don't have knowledge about bitcoin. They don't have any idea what bitcoin can do and what advantages it can give to the people. If only they can see the benefits we are getting through bitcoin I guess it will change their mind that bitcoin is not a scam.
Right. It's the basic reaction of any person when he is not sure or afraid of an investment that he heard for the first time. It's not just like any simple investments out there because it is showcasing an awesome tech. |
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First, I heard restaurants and then hotel. This is amazing. I want to try using my bitcoins as payment in hotels rather than buying a food or in a restaurant because bitcoin now is a luxury and hotel are luxurious at the same time.
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Sometimes, news are a big factor to increase or decrease its price. I remember when China bans crypto and then Jamie Dimon adds another statement, bitcoin's price drop in the worst way.
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Their governments are narrow-minded and they just absorb those negativities around bitcoin which is money laundering and illegal drug trade. If they only open their minds on its technology.
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Because some organized crime syndicate always spread fake money and it's getting hard and hard to identify the fake and the genuine one. And it's not very convenient to check every paper you have just to know it's real and none of this happen on btc.
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Bitcoin will affect not just the currency but also with technology at the same time so it is really the new currency of this era. The new step of mankind towards progress and more advance system.
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It would not help either. The poor needs job and not temporary help. They need to have a job that can sustain their everyday needs because bitcoin will just get spent by them and then they go back asking for it.
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We have a very trusted and reliable local exchange in our country where we can conveniently turn btc in our local fiat directly and withdraw it either on atm, money remittances or in banks.
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If we succeed on making bitcoin as the number one currency replacing US dollar then I'm sure it will stay around for a long time. We're are just on the first step so thinking about its end now is ridiculous.
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I don't think crypto as a whole will remove fiat in our system at all. There are prerequisites to make digital transactions possible and poor countries does not have that so they still need to rely on paper money.
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No and I won't do that for now. First, bitcoin is still a high risk investment so if things go bad, I could be blamed by those who I encouraged for everything. Second, I want to prove to myself first that I made millions first before or if I ever or will plan to convince someone.
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Bitcoin spends almost a decade in the market just to get what he is now and those altcoins are just like babies trying to walk so there's no chance that they can go toe to toe with the king btc.
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Sounds too good to be true but it exists on bitcoin. But it's not going ti be easy like that because it requires effort and patience just like what those early btc millionaires did.
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Gonna be huge for Bitcoin if it's true. Could this be the reason of today slight price rise? Amazon is the biggest e-commerce in the world, we can finally say that Bitcoin is going mainstream when Amazon accepts it. This could be just another rumor but I really hope it's true.
What's the biggest company that accept Bitcoin right now? I guess it would be Steam and Microsoft, right?
Steam has just dropped it. The same goes for Amazon: there is a long way from "Amazon accepts it" to "I can buy something on Amazon". The problem is that you really cannot efficiently pay with bitcoin, actually as the things are today you cannot pay with bitcoin at all. The fees are outragous, like 20-30USD, and if you choose smaller fees you are stuck with your transaction for weeks. So don't get too excited guys. They made just the right move because look at Steam. All of businesses needs stability to be able to make it work and bitcoin is very volatile so they won't suit each other. But don't worry it will happen when its price is too expensive to rise and fall dramatically. |
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Buying a lot bitcoins is greedy and not holding them. Where's the greed in holding? Greed is when you want more of it and you will not stop even you have already enough or more than enough so your term isn't accurate.
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I still rely on bitcoin for buying my necessities even if I don't want to spend it. I need food to survive and pay some bills but if only I can earn much faster and bigger then I would not have use it at all.
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I think everyone has an experienced that and it just depends on how small or big. Even I got scammed, I'm still thankful because I applied what I learned from it and I have never lose an amount from any investment scams.
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What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?
I will still trade and I'm sure that no one expected this to happen. We know bitcoin will rise but it's just altcoins wasn't able to keep up and it's very quick but I will still take a risk and try again. |
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