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Uh, no. I don't think so. There are only a handful of Banks that disappeared. And none of that is caused by Bitcoin, and I don't think that it will ever make Banks disappear, ever. A bank is generally understood as an institution which provides fundamental banking services such as accepting deposits and providing loans. A banking system also referred as a system which offers cash management services for customers, reporting the transactions of their accounts and portfolios throughout the day, trade with financial and bank's financial instruments, offer an exchange of currency and disburse different type of fund. Now, I'm giving you back your question, do you still think Bitcoin can make banks disappear?
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Wow, if this post is actually true then, good for Bitcoin. This is such a huge step. Hotels accepting Bitcoin as the mode of payment will urge other business to do it as well. Now, there's a lot of Bitcoin users from foreign countries that, of course, spend a lot of time in a hotel going into another country. It'd be so cool that just in one click your room will be paid at the instant. I really hope lots of hotels do this and, who knows, maybe other businesses too!
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In some ways, it is. But in general, it is not. The only thing that people worry about this cryptocurrency is its inconsistency on the market- the value. Of course, you should be careful on the scams that are going around when trading or buying from it. The one advice I'm going to give is that you should have a friend that really know how bitcoin works. Help you to monitor your account and maybe you'll get your hopes up that Bitcoin isn't really that dangerous.
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Of course, it will rise up again. Now, don't worry because this is normal at times like this from January to February. And when it's done fluctuating down, you will be seeing a lot of investors in Bitcoin.
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The community itself is only the first step. Wait until the 21 million units get mined then you can call it the invention of the century. Good for people like you that think Bitcoin will have a positive impact on people's lives in the next years! Give it time and who knows, this will be the invention post-modern times!
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If you're still waiting to buy or even planning it might be too late UNLESS you are going to do it now. I know you're reading all the replies. Stop here now! You know, in the first place that it's not too late. You're just waiting for an urge to do it.
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I also happen to come across to that situation before I got here. I did not understand back then why people invest in BTC. But people know for sure, they're doing it because of the new technology; because there will only be 21 million limits of Bitcoins to be mined; or just by pleasure. So, if you have taken an economics class in high school you will understand, where I am going. It's ONLY freaking 21 million limits! We're talking about the demand of BTC in the next 5 or 10 years!
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Before I joined this community, I did a lot of studying about Bitcoin and its behaviour, and I know that I'm just a Newbie here but hear me out. I do not think the time has anything to do with it and I am sure of that. Why? Because I know, for a fact, that the value of BTC will never go down. And yes, there are numerous times that it fluctuated down, but did we lose trust in it? No. Because you and I both know that it will always go back up again. And the community knows it too.
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I didn't know that I was going be attached to Bitcoin like this, and maybe other people too. The fact that this community is rising is because of the interest or the speculating going around the Internet these days. People's friends may have urged them or invited them to join and that's totally a good thing. The only drawback is that we have to control it to maintain discipline and we'll see where the tide takes us.
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