Its exactly like a fork in the road. There is a single chain and at a certain point it breaks into 2 and each side goes a different way (if were talking about contentious forks). If you owned coins before the fork, you will have them on each side of the fork. Hard forks are done to change the base layer of the coin, while soft forks change less ingrained properties.
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Yeah, even if you dont have a job, I dont know if I would resort to scamming or being a thief. Also many of the people who are scamming are making much more than just a basic salary. I think the true thing is people want to get rich and are willing to do anything to get there, even if it means breaking the law or being a complete scumbag. Especially in this space where it is hard to actually get caught.
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Who knows, its all a guess at this point. I personally think that it will play a big role in the future, just out of the fact that there is so much money people are looking to store out there. When the people with real wealth enter bitcoin, the price is going to skyrocket to ridiculous amounts.
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Capital gains in the United States. It is terrible, you are probably looking at 40% tax if you try to cash out a large amount over 100k. You pay state and federal which adds up to about 35% where I live and another 5% about if it is over a certain amount. Craziness.
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Finally someone with a brain. Listen we dont want bitcoin to replace fiat anyway. I love options, giving people options to hold a deflationary currency versus an inflationary one is the whole reason I love bitcoin. Economies are based on spending and if that stops they will collapse. I would rather give people who have the propensity to save who want to earn as much as they can, the ability to do so.
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We have always known China is going to go the way of a state owned crypto currency, or just plain digital currency. It isnt going to have a fixed supply and they will be able to inflate it on the fly. They already are very integrated to using digital commerce with Wechat, so it isnt that much of a step from what is going on today.
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I read the article on this and I am going to have to call bullshit. Its really hard to tell the amount of users or even just daily active users and in addition how much they actually own. The statistic could be right, but the amount of people who make accounts and decide to not buy or disappear is still very high.
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I personally would much rather the government keep it and hold it for speculation, while announcing they are doing so. To me this would be the biggest pro bitcoin stance we could see. They would literally be saying bitcoin is too valuable so we arent going to sell it.
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Im not sure there is an extra air drop coin like you saw with bitcoin cash. Because replay protection isnt built in to either bitcoin gold/gpu or segwit2x the chains will probably die very quickly. But dont move coins around on those days I would say. Have your priovate keys and wait for info.
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Be able to retire with half of my coins in the stock market and earn dividends off that while keeping the other half for speculation. Then travel and experience the world.
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This has to be a troll post, I dont think anyone could actually be this stupid. Your grandma should never invest in bitcoin especially if she needs that money to retire. Going all in on a risky asset at an age where you can never earn it back is so stupid.
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No China isnt even the biggest amount of investment, we saw real volumes when fees were introduced and even then exchanges could manipulate that. Even with a ban they will still be trading person to person.
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Bitcoin will continue to be used for crime just like the internet is, eventually people will just become numb to it. Criminals operate with USD, JPY, CNY ect. Bitcoin will be no different.
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Government regulation is good and bad. Good because it brings in a ton of money, but bad mostly because the chokepoints (companies mostly) will be forced to hold data and bypass a reason why bitcoin is good.
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Jamie Dimon represents his share holders and what is best for them, hes never going to openly support bitcoin even if he believed in it. It would be akin to the fed saying "yeah bitcoin is better than the USD". Let these dinosaurs die, lets not give them recognition.
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Yes loans are not only risky, but very stupid because when it comes to deflationary currency, if the value goes up people stop actually paying their loans back. Unless you have a good amount of collateral, it isnt worth it. Even then its questionable.
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Impossible to know but I personally will be holding for the long term. Been here since 2012, no intention of leaving any time soon.
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Bitcoin is a much better store of valuer and actually immutable. Ethereum also has a harder time scaling and they have continued to push back the POS update for almost 2 years now. My bet is on bitcoin.
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There are chokepoints like the exchanges or businesses, which might hurt the price a bit but long term it is incredibly hard/impossible to shut down. Really only the liquidity would be really hurt.
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I agree with the others, it really is hard to say. With ledgerx theres potential that what we are seeing is actual a calm before the storm. If wallstreet enters and then the public via an etf the price is going to be insane.
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