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I liked bitcoin as a currency since it is decentralized, banks, government and other third parties has nothing to do with it but if bitcoin will taxed, I think that is unfair. We love using it because we are free from tax and other payments that will be deducted to our profits, expect the fees obviously. This is the first work that I have ever done without any taxes so I think bitcoin do no need to be taxed.
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Trading seems like you do your business in immediate time with a tight budget. Investing is opposite you have to wisely make your decision because the money that you spend is much higher.
Trading is for people with tight budget? Where did that come from? How can you say that because in my opinion, you did not even experienced real trading to earn money. Trading is when you sell and buy digital currencies, for example, in the right time. Investing can be also done by people who are in a tight budget, not all investing needs a lot of money, investing can also mean keep on holding top earn profit. |
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I don't believe cash money will disappear because of just bitcoin is going higher and higher in value. Actually by now cash money is the value of bitcoin without it bitcoin is also useless.
And how is that even connected to the topic? Bitcoin will never be affected by the cash money, or even how dangerous it is as an investment or an asset. Bitcoin changes it's prices every single minute and I think that is the danger of bitcoin and other digital currencies. But a lot of people take on the risks since the price are having a good surge upward the last month but now it is declining and giving bitcoin users problem. |
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Bitcoin is getting lower, bitcoin is getting higher, once bitcoin moves it becomes a big deal but did we even think when will we bitcoin users be comfortable with the price? We always take about bitcoin price being low, bitcoin price being high, no one talks about bitcoin having a decent price and ok with it. Bitcoin will get low and will get high, get yourselves to it, it is volatile so it will be obviously doing the same over and over again.
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as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if we observe very carefully few past few years we have seen that criminal activities or occurrence are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?
yes bitcoin is highly controversial because its very significant increase from the price of just $ 1 now has reached over $ 14000 it is very profitable and makes it controversial. How is that even controversial? Bitcoin's price depends on the law of the demand and supply which means it all depends on it's users and not that controversial. I think if there will be something controversial to it, that will be it's invention or foundation. Satoshi Nakamoto do not named himself and let his invention be used by the people, people who become millionaires and billionaires while he do not have any thing to get from it since we are still not sure about the million bitcoins he hold. |
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I am disappointed when the price falls down, and I think that is normal since I am a trader and instead of mopping around because of the lost money, I just entertain myself by going out a little bit, drink a little and sing in a bar. The price will not get back to the good point when I go home but at least I am spending my time to wait for the good price to come, and I know it will.
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you can open up a bank account and store your money there where it is safe
That is right, the easiest one to follow. But in terms of digital currency, I think you cannot store or save them in a bank account or in a bank, still you can save them yourself but what is the best thing to save and avoid or keep yourself from using or spending it, I think if you will be setting a goal that is your dream, I think that will work. |
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Yeah no, dont think so
Your answer is yes or no ? I saw 2 answer in a question . He did not answer in two answers, he said definitely "no" but he did answer yeah to someone who I think answered no too. Bitcoin will not end the world poverty nor the world poverty because it is just giving easy profit and income to people who are not employed. I think bitcoin might give people some good profit but it will not end poverty since there are people who are still not using it. |
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Bitcoin is the first digital currency so I think that is the best thing that bitcoin has, also we can send bitcoin to other people easily unless you did not pay a good amount to the miners. The price changes quickly so you can know easily when to sell or buy one. It is decentralized so you can use them freely, unless you use it to pay doing a crime.
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Well, i will save my bitcoin because the value of bitcoins are so high and I believe that it will still increase in the future so im gonna hold and save my bitcoins.
I think this will be natural, they can be saved or they can be saved but doing them depends on what you really want or like or maybe needed. I will be saving my bitcoin so in the near future, maybe this year, I can spend them in a good or higher than the current price. |
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that would be great if bitcoin become global currency because it easy access
Unless you do not have an internet. Bitcoin becoming a global currency seems funny since bitcoin is decentralize, but I think it is a way people use the same digital currency to be transacted, pay and send. It does not mean that it is being accepted by the government, making the decentralization gone, it just mean that it is being accepted in the whole world. |
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I mean Bitcoin is considered a currency because it has demand if it didn't the price would be 0 so honestly I don't even know if I consider it a currency.
A currency is something with value or price, which bitcoin has, but the real currencies are released or made by the governments and also to control the country's economy, they can stop making or make it while bitcoin is mined by miners and no one is controlling the price or the circulation and the price is just based on the law of demand and supply. Bitcoin is a currency but not really. |
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Bitcoin provide a job opportunity around the world where they can join bounty or signature campaign to earn some income.
This is one of the great benefits of bitcoin when it comes to earning money for people who do not have the capital. I am really interested in the future development of bitcoin in the future. Bitcoin does not reduce the unemployment rate. Except when a person successfully invested in Bitcoin and he no longer needs to work at all. Still that does not count as a reduction in unemployed people. Bitcoin or trading other crypto currencies give people way of earning money but for me that does not count as someone employing you for a job since no one has employed you there. It does not reduce unemployment, it just give us easier way of having an income or profit. |
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From a "lets make the world a better place perspective" should we support only bitcoin right now or altcoins also?
Bitcoin is having a lot of down spikes this last week and I think it is not good. Supporting bitcoin is good, but supporting both altcoin and bitcoin is great. Bitcoin is not the only digital currency in circulation, there are a lot of other digital currencies that are aiming to make our lives great, to make the world a better place, so I think we should also support this altcoins. |
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
I think if you are interested in the Bitcoin world then you should take the time to learn it more, you can also pause your current main job in a short time to find out, about the animals Other fun stuff like cigarettes or games I think you should ignore to learn more about the Bitcoin world... Bitcoin world seems interesting for you, but I think it is not that good. The world of crypto currencies are not that stable and very risky since they are all volatile, if you want to put your money into it, you better decide the best thing for your money. Bitcoin is volatile, it is not as stable as your work, but if you think that your current work are crumbling and it is best to leave or quit it, I think it is your choice to do it. |
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Bitcoin is money, when we have bitcoin in our wallet its easy to cashout using bank or remittance.
If bitcoin is "money" then I think you do not need to "cash out", to convert or to make it through a lot of exchangers because if bitcoin is money, it will be accepted anywhere in the globe, but it is not. If bitcoin is money I think it is used in paying something regularly or maybe everyday, but it doesn't, bitcoin for now is just a digital currency, an asset which you hold hoping to get a profit over time taking advantage of it's volatility. |
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As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
I think it is possible. Many country had been legalized for transaction, but many country banned bitcoin to transaction. Where we live we must respect our law  Despite the legalization of bitcoin in some countries, I think physical money or the Fiats, will not disappear. Bitcoin is legendary, that is a given, it is the first digital currency and the most expensive of them all, but that is the only good thing about bitcoin, the transaction time and fees are getting poorer and poorer, also, not all people can adapt that easily with the changes, so I think bitcoin will stay as it is right now. |
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Gold price is not changing from last 1 month, bitcoin price changes with in lakhs. So you are good enough to make judgement. Bitcoin is good for now.
It is good but there are some good side and bad side about it's volatility. Yes the price is changing very quickly and it gives good profit from the people, but think of this, when people bought bitcoin at $14K and then it dumps all the way to $10K, is that good? No, but when it pumps, it is good since you have a good profit, but the thing is, it is risky unlike Gold. |
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I guess its a good idea than getting an educational plan for them. Because many life plans company closes due to bankcuptcy. I am just saying.
Saving bitcoins for them is not a bad idea, but there are still some problems with bitcoin that might be a problem to that plan. And I think the first thing we must consider is where will that children use that kind of money if let's say the price of bitcoin is so expensive? I think it is best if there are some people who will hold it for them and guide them on using and spending it. |
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Digital currencies are becoming popular to people since it is decentralized and volatile, but bitcoin is not that usable in the real world since there are only some stores or place that accept bitcoin as a payment, and that means that if there are a small amount of people using it, there will be only few people who will be using it, but the thing is that they do not use bitcoin because it is quickly transacted but because it is volatile, so I think bitcoin or any other crypto currency will make banks dissapear.
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