I hardly keep even my altcoins in exchanges. The fact that exchanges can get hacked is always haunting me so I decided to get myself a hardware wallet and I’m now ok. I can be offline for a month or more without bothering about loosing my coins. It’s high time we used the exchanges for what they are meant for rather than storing our hard earned virtual assets there.
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Holding is still profitable. It has just become too difficult to resist selling as prices keep declining but those who will be able to resist the temptation of selling stand a great chance to benefit from it.
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It’s very pathetic that we have neglected the main idea or reason for which bitcoin was created. Most of us are seriously in just for the economic value. I think this attitude is what is keeping bitcoin price unstable.
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Well I do not agree to his facts. Life doesn’t always follow the same trend. Even if it’s truly going to take those 800 days for bitcoin to increase it will be worth holding because such an increase will be in multiples.
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As the years pass bitcoin will eventually be accepted by majority but gaining complete legitimacy seems impossible since most of those who disapprove it have decided never to change their minds.
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Another important thing to know is how to keep your investment safe both on exchanges, online wallets and hardware wallets. Never share your password or seed with anyone under any circumstance. If you do share it with someone then you need to change it right away because no one can be trusted in the crypto world.
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When you invest in bitcoin you do so with your heart. While some investors chase profit others invest for the fun of owning bitcoin. I met someone who said he just wants to be part of the technological era and therefore wants to have bitcoin. Will you classify such people as stupid? Of course not, they are in for pleasure.
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It country we have a form of transaction called mobile money. With this mobile money, you can send money from one phone to another and the receiver can withdraw the cash from any qualified agent. Transactions can also be traced to to their performers. If bitcoin was operating this way where one can trace a transaction to a particular person , then government wouldn’t have had any problem with bitcoin. I am convinced that governments are afraid to support bitcoin because of the bad deeds some people do and hide behind bitcoin as their tools.
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I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency." how do you think, is it realistic? Can a crypto currency replace national money? I think that it's possible, but it will take more time.
We are only five years away from 2023 and crypto taking over national currencies by then is not feasible. There are people who know nothing about bitcoin and it is going to take decades of awareness creation before people cast their minds to bitcoin. Crypto use would have increased by 2023 but not everyone will be nice to crypto and this not everyone who will agree to use it.
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I do hear people talk about pump and dump groups and how their activities affect Cryptocurrencies but I think bitcoin is too big to be manipulated or influenced by a group of people. I personally believe bitcoin is stabilizing and after that will stick to a particular price.
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The increasing number of ATM machines for bitcoin is a sign of good news. I interpret this the revolution of bitcoin. Bitcoin is here to stay, no way back.
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Its been long since I visited the website. I just did and it looks so nice and attractive. I could not resist creating an account. I love everything about the site. Congrats to the LATX team
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so it finally gets to a stage where no one gives updates about this project. What is happening with this community. Its been silent for sometime now. Admi can we please know what is going on?
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It has never been too late and will never be once you have the money to purchase or invest. Taking this particular price range into consideration, I will say it’s a perfect time to buy because some bought at prices higher than this and they still have hope in whatever amount they possess.
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There is no need for fear and panic which will eventually result in selling. What I use to console my self is the fact that bitcoin was able to move from $1000 to $19000 plus within one year. If we give it time it will move and set a new standard again. It’s just patience which we need.
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Comparing the two, bitcoin investment is more risky then bank investment in my country. If you decide to invest with with accredited banks your money is always safe as there are laws governing the operations of these banks. The bad aspect of it is that you do not get more profit on your investment as you would get with bitcoin investment.
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There are so many precautions in keeping an online wallet very safe. It is easier to keep a hardware wallet safer than an online one. I would therefore recommend hardware if everyone can afford it.
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It may be true that cryptocurrencies are more risky than beneficial but in reality these risks are only seen in the extreme cases. For now we all know the risks but everything is cool so we keep business going. Who knows, maybe these risks are just virtual.
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I usually use the volatility of bitcoin to attract people to invest and use it. I use the capability of 0.1 BTC being about $700 today to be worth $1000 plus in three or four days time if demand for bitcoin increases slightly.
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It is a smart move by the management of the mosque. This is something I have for long expected charity homes and similar organizations or institutions to do. It’s good a religious body is accepting bitcoin, this indicates that there is some good in bitcoin.
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