Definitely,the poor would face severe problems in handling digital transactions.Most of them still don't even have a credit card or a debit card.They would need a device to carry on such digital transactions.They should also have internet to get access to such actions.Instead,if they have cash in hand,it would be much easier for them to lead their daily life.That's why,such schemes have not been yet implemented in much developed countries like US till now.
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I think that cashless society is far away from reality.Even most developed countries like US has not implemented it and still allow paper currencies in circulation.Unless,illiterate people are there,cashless society is not possible.Even the older generation people too face difficulties in using digital transactions.Cashless society could not be brought in to action in countries where internet is not widely available.
Even in india,it was tried by the present government to bring cashless society and it just failed and also,it totally made indian economy to collapse.Even the GDP rate has gone down from 7% to just 5.6%.It has become a great lesson for other countries.
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Its true that the adoption rate of bitcoin is increasing very high through out the world.More people are getting aware of bitcoin day by day.Its price almost increasing nine times within a year has attracted more people's attention towards it.It was just $650 an year ago and now its price is $5,700.IN today's situation,we could not expect such huge returns from any other assets or stocks.
If bigger countries like india legalizes bitcoin,then surely bitcoin users would even triple in every twelve months.
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Usually bitcoin would benefit when held in long term basis.Only altcoin investments are made in short term basis.People who have been in the crypto market from the beginning know clearly about bitcoin's potential,its previous price movements,its immediate price recovery from downfall.They are not like newbies who just get panic on seeing even a small price drop and sell off their bitcoins.They know about bitcoin,they hold bitcoins and they benefit huge from bitcoins.
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Banks could not be totally eliminated.They have been in the market for more than centuries.They have a very broad network spread all over the world.Main reason for their importance is that they have all been recognized by governments and governments have very much friendly approach towards them.
Also,banks don't only offer money transaction service,but they have great network in offering services like getting deposits,lending loans for interests,etc.So,they would also survive in the future,but they would have to change and enhance their services to retain customers.But that seems to be very hard with facing such a gigantic rival like bitcoin.
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Financial services companies have started to issue their own crypto currencies which would definitely affect the crypto currencies marketcap including bitcoin.
Its not asia which now influences bitcoin prie,but particularly south east asia where countries like japan,vietnam,philippines have a friendly approach towards bitcoin.
We could not forget the price increase in bitcoin immediately after legalization of bitcoin in japan.China has also now lost its dominant place in bitcoin market.
Japan has now become the eye opener for other countries in adopting bitcoin successfully.
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Bitcoin was earlier adopted by dark markets and used for illegal purposes earlier.But since it was pseudo anonymous,they had some issues since all transactions are publicly registered in the ledger.So,government authorities could easily trace any transaction and reach the culprit.
Later,when they found monero providing full anonymity,they just adopted monero and started using it fully.Now,bitcoin is widely used all over the world by even normal people for various purposes like trading,transactions,paying bills,buying products online,etc.
So now,bitcoin rise has no relationship with drug usage.Bitcoin has already traveled beyond such borders.
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They already knew that it would be a threat to their banking system.But they didn't expect such a gigantic growth from bitcoin.It has increased from $650 to $5,703 in almost within a year.
More over,it has attracted lots of investors all over the world.Banks have tried their best to destroy bitcoin.But they have failed in almost all of their attempts.
Tweets from jamie dimon and UBS were all the results of banking sector getting panic about bitcoin.They would have really shocked to see that even china's actions could not halt the progress of bitcoin.
The only remaining thing that they could do is to influence the governments against bitcoin by lobbying to ban bitcoin.But the bitter truth for them is that nothing could stop bitcoin progress.
In future,bitcoin may smash the banking industry.
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Majority of this community treat bitcoin only as an asset which is capable of giving huge returns in a small span of time.It was only earlier when bitcoin was treated as a currency for buying products or for paying any services.
Since bitcoin has been treated as an asset,the demand for bitcoin has increased very high now and hence its price.If people have treated it just as a currency,then there would have been no demand for bitcoin.
Bitcoin price has increased from $650 to $5,694 today and it has been predicted that very soon,its price would increase more.In this situation,only newbies who don't know about bitcoin's potential would treat it as a currency.
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The much talked about ride is on, to bullish. Who is riding with it ...... I didn't support bitcoin when I learned about it 4 years ago. I admit that it was a bad decision, if I could've supported it, I would've been a millionaire today. So, now that I'm back. I'm going to support and trust bitcoin with all I can, and keep investing and holding bitcoin. I don't feel the way you feel bro because I started getting into bitcoin late but my philosophy of life is in this respect is that, it is never too late to join. Remember there are other skeptics out there that are in our shoes back then. Ride on... I wasn't able to trust bitcoin because when I learned about it I thought it was a scam. During that year there was a lot of investment scam that was happening in our country. So, I doubted bitcoin because I was wondering how can you earn money through internet investment. Well, it was a mistake and lesson learned. Its was a hard lessons to learned. As I also learn bitcoin back way 2011. But I choose to ignored it until recently. But hey, we are still not late and I think we can still be millionaires soon. I now have a good amount investment and secured somewhere else and I want to forget all about it and maybe just revisit it after 2 years and see how it grows. We can't recovered all those years that we lost, but just like what others have advise here, yes we can still appreciate bitcoin by joining and that is a good way to start. Bitcoin was introduced to me by my friend one year ago when i was working in dubai.At that time,bitcoin price was just $650.Luckily,i realized about the future hidden inside bitcoin and so i didn't neglect it.Explanations and predictions given by my friend were also a reason for me to understand about bitcoin. But till now,i have explained about bitcoin's potential to many friends.But they were not ready to realize its potential and they were just avoiding it.I feel sorry for them since they are going to miss a good fortune.They might regret later.But by that time,bitcoin price may have reached the sky.
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I think that only a few percentage of people would sell their bitcoins to fulfill their wishes.Still,most of other people would just hold their bitcoins as they would gain more confidence on seeing bitcoin's price rising high.Mostly,old investors would not sell their bitcoins as they were the people who were seeing bitcoin's potential from its early stage.
Mostly,people will hold bitcoins in a long term basis and they would not bother about the short term price hikes.Some people will sell a small percentage of their bitcoins to enjoy the benefits of price hike.
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We no more need china or russia for progress of bitcoin.Bitcoin would survive without china.Only chinese investors have to suffer as they would not be able to dominate bitcoin market here after.Bitcoin price has almost reached $5,661 today despite china's actions against bitcoin.
But regarding mining,definitely we would have to suffer due to late confirmation of transactions as majority of mining farms are located in china.It would take a little bit time for mining farms to be set in other parts of the world.
But,it would definitely be helpful for bringing once again decentralization in bitcoin.
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how do you think after 25th October about bitcoin price, will it keep increasing or vice versa? after bitcoin gold appears whether it will affect bitcoin and bitcoin cash prices
Bitcoin gold has nothing to do with bitcoin price as it has no miners support.Definitely,it is going to be a failure.Its surprising to see that still believe these kinds of hard forks and await eagerly for air drops to get access to some free coins. Bitcoin gold will have impact much less than bitcoin cash.It would be just pumped and dumped b big whales to earn some extra cash.Its surprising to see that some have decided to save their bitcoins in their wallet to get access to this shit coin. Definitely,such frequent hard forks are not good for the reputation of bitcoin.
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Philippines has already allowed bitcoin as a remittance currency.Recently,it has also granted license for two bitcoin exchanges.Philippinese who work abroad have found bitcoin as the best way to send their earnings to their home country.So,the government has taken a stand much friendly to bitcoin.
Bitcoin platforms like Coins.ph, BuyBitcoin.ph and Rebit.ph, are so much popular in Philippines as they have simple user interfaces.
Philippines has a well established Bitcoin infrastructure and definitely,bitcoin related businesses have a very good future in philippines.
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Kindly accelerate the below transaction
8244b20caa70278d80b7633c5a7c54a82918de818cb765af9a04b39dbdcfb849
Thanks in advance
done. Now need to wait for blocks from Antpool It got confirmed. Thanks a lot for your kind service
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Kindly accelerate the below transaction
8244b20caa70278d80b7633c5a7c54a82918de818cb765af9a04b39dbdcfb849
Thanks in advance
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We'll wait and we'll see. But what is important that the government will finally set their position. That means all the fears concerning this situation will end. And I think it doesn't matter what the news from China government will be like, the main idea is that October 18 will bring some confidence to the crypto market.
Chinese lost their position in crypto just because they didn’t mad good decision about bitcoin in past few month and that effected bitcoin price as well and now all the things are set the price is also increasing gradually and bitcoin is now out of that critical situation now it will be useless to remove ban because bitcoin is now not depending on them and this is good, Absolutely,bitcoin is now almost free from the influence of china and its policies.Neither china nor russia could dominate the bitcoin market here after.Its only chinese who have to worry about losing their min role in bitcoin market.But its good for bitcoin progress.No more price manipulations and no more fake trading volumes by chinese exchanges. And now,another great news for bitcoin holders that segwit 2x is slowly losing its importance after F2Pool decided to withdraw its support for segwit 2x.Even another hard fork may not occur and its has made bitcoin core team to celebrate this event.
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Until now,three companies have abandoned the New York Agreement so far.
1.Bitwala 2.F2Pool. 3.Wayniloans.
Out of these,two have said that they expected that bitcoin core team would support segwit 2x and now having known that they don't support,they are also withdrawing the support.
Recently,95%of hash power was signaled towards segwit 2x.Now,f2Pool which has 10% of hash power has withdrawn.So only 85%support for segwit 2x.Its been celebrated as a great victory for the core team.
But the operator of F2Pool wang chung is already known for his controversial statements.so,we would have to wait and see whether hard fork would occur or not.
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Either your transaction would get confirmed within the next few days or else,you would get back your BTC again in your wallet itself.
Instead of what you have done in panic,you could have just tries any of the transaction accelerators out of which,even some are free which were offered in service section of this forum.
I'm using such transaction accelerators for my transactions to get confirmed.It was very useful for me when the transaction fee became very high due to spam transactions in the network during BU creation.
Even with very low transaction fee,you could get your transactions confirmed by using such services.
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You can use miner gate software to mine.Only altcoins could be mined using it.It could be downloaded from their website.Two or three altcoins could be mined at the same time.You could use it to mine monero,zcash or else,you can choose other altcoins.Even with CPU system,you could use their software.
But remember,it may damage the mother board of your laptop or system.Also you could not expect huge profits from it.
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