The pandemic causes the world economy to be seriously delayed and the cash flow will be withdrawn from the market. To preserve value and fight inflation, they will switch from cash to other types of haven assets such as gold, silver, stocks and bitcoin. I think the pandemic has caused bitcoin to increase strongly and steadily in recent times.
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Bitcoins cannot be hacked, but they can attack 51%. China has 81% of the pool of miners mining bitcoin, which also means there is a high chance that China will strike 51% if the miner's team up to carry out the attack. I think they won't do it, they will push the bitcoin price higher because they mine the most which also means they hold the most bitcoin.
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All of us want wealth and do everything we can to achieve it. That is the legitimate need of each person. To make money quickly, we need to understand how this whole market works. That is why we want to learn about economics. I find that I have a passion for numbers and charts, I see the beauty of green and red candles. They excite me and also make me suffer.
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The problem that banks do not allow massive withdrawals is to control the market and prevent money from being withdrawn quickly from their systems. If so, the entire banking system will quickly lose its liquidity. I realize that the state they do so has good reason. We should not worry too much when the epidemic is under control, the world will be at peace again and you are free to withdraw your money.
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I think Donald Trump's moves are correct. He has just banned a few Chinese websites and apps. The software was accused of stealing user data. It's too dangerous. China has banned most apps and websites from the US, such as Google, Facebook, Yahoo ... China can ban apps coming from the US market, as well as ban back. In this comparison, I think China has banned more than the US.
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Bitcoin and the cryptocurrency market are in their infancy compared to all other markets. First of all, bitcoin's widespread use in payments, in the reserves and application of the entire Crypto market is new and only being noticed. Bitcoin is volatile in the 10% range and is heavily influenced by news. Besides, the manipulation of bitcoin investors greatly affects the value of bitcoin as well as the variation in the various derivative markets.
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I recognized. Surely this is a currency with extremely large denominations. The cost of its creation and the effort of transporting it makes it valuable.
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It is the simplest way to maintain ownership of their stolen bitcoins cheaply and securely after using a mixer. Although governments have banned the use of anonymous money and spoke out about mixer mines for security and privacy, the mixer is a feature that makes bitcoin a good anonymity. In the post only mentioning that more than 50% is sent through the mixer then I think the amount of bitcoins put into the mixer is very low. I wonder if the amount of money they have left is left in an old address or for public use.
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If quantum computers can do all of the above then we already have cryptocurrencies that have technology against quantum computers, in theory so. As for the mining problem, we cannot change the POW technology. We can only change the form of crypto mining.
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Crypto transaction costs for small amounts are less profitable due to the high cost of intermediaries. If the order is bigger then the cost is the same, but you will see a larger winnings. You should have better plans for higher profits. For small amounts you should stay away from decentralized exchanges because deposit and transaction costs are very large, slippage rates are also high. Currently the Ethereum network has a huge number of transactions and the costs for exchanging currencies on decentralized exchanges as well as sending money are higher.
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It is obvious that we need a solid ground for payment networks, solid foundation that is robust, safe, simple, on top of which we can build more layers. Currently, bitcoin is arguably the best choice for such purposes, because he has been proving its robustness for many years, it deserves to become that solid ground. Proof of work is ideal consensus algorithm for the base layer, because it provides the best security possible. Other algorithms haven't proved their solidity yet, they haven't been under such big attacks like bitcoin was. Their algorithms more complex, attack surface more wide, turing completeness makes things more complicated and whole system more vulnerable. We are yet to discover the best solution for every problem, some problems even haven't showed up yet.
I agree with you about that. Bitcoin has now reached a near-stable level of decentralization, and the number of people using bitcoin as a payment instrument is quite high. Currently, China is testing their own cryptocurrencies and the governments of the countries are researching their own coins on the Blockchain platform. In the world today there are more than 10,000 Crypto created on smart contract platforms and private blockchain development. We have to wait to know if Bitcoin can be replaced. The Crypto market has only been around for 10 years and the currency history is very long.
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Thanks for your great idea. You need more research to develop tools to see price movements, new types of technologies and a ROBOT for such automatic updates will be more convenient. You can connect to charts, market analysis and a number of OTC channels for users to easily buy Bitcoin
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There are more and more technologies to design blockchain, but since then there have been more hacks to steal data and steal money from computer networks. Those are the mistakes stemming from the design of blockchain structure. We need to make quick adjustments before the worst happens. The hack is also a lesson for authorities to reconsider the application of information technology to voting.
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Bitcoin laid the foundations for blockchain technology. The popularity of Bitcoin confuses people for being blockchain. Blockchain's truth is much broader, it's a kind of technology. And bitcoin is just a product of blockchain technology. Everyone needs to be educated to understand Bitcoin and blockchain and other coins. Blockchain used for economic purposes helps humans save resources and reduce labor time. That helps mankind progress faster. It also means the world will be better.
Bitcoin is not a product of blockchain technology. Moreover, there is nothing technological in "blockchain technology". In a nutshell, blockcain is slow database, data structure that is most suitable for public ledgers like bitcoin. It is not very interesting to use slow databases to build your products and offer your services, really. Blockchain is just a component of bitcoin protocol, it is interesting because, bitcoin as whole ecosystem makes it interesting. With bitcoin, blockchain is becoming immutable, unstoppable, uncensorable system. No one can freely add additional lines into such database, proof of work needs to be done. Conversely, without bitcoin, blockchain is nothing. Bitcoin is important, but let's see what is made of bitcoin and blockchain. Bitcoin and blockchain are primitive beginnings, but that is an inspiration for developers. From the primitive form used for quick payments has moved to smart contracts, managed blockchain, blockchain DEFI. The following generations of upgraded bitcoin evolve rapidly and we have a series of protocols for validation in the blockchain in addition to POW that is POS, POA, POB, POC, BPFT ... Lots of different validation forms.
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Bitcoin laid the foundations for blockchain technology. The popularity of Bitcoin confuses people for being blockchain. Blockchain's truth is much broader, it's a kind of technology. And bitcoin is just a product of blockchain technology. Everyone needs to be educated to understand Bitcoin and blockchain and other coins. Blockchain used for economic purposes helps humans save resources and reduce labor time. That helps mankind progress faster. It also means the world will be better.
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Stable currencies are a solution to prevent asset loss but the liquidity of such currencies is unstable and the exchange rate difference with FIAT currencies is too great. 1 USDT is equivalent to 1 USD but in some cases, 1 USDT is lower and higher than 1 USD. I think this is not good and stable. A better solution is needed to bring stability to the market.
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I think that STO is a top priority for investing in a project because it ensures the legal element for the project if you want to invest safely and long term. The next priority order is IEO because you will be sure of the price competition when you buy your tokens and make sure they are listed as soon as possible. Finally ICO, quite risky and everyone can participate if eligible for the project. The ICOs of 2013-2015 was quite good because the majority of projects were large and prestigious. That is Ethereum, Ripple ...
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Indeed, youth has not experienced life. That is the end of the act of belittling young Americans in the law. He broke into celebrity accounts and scammed people's money. Fortunately, he did not bring any false news about politics. Although he made some money, I think that money will never be used because it is monitored on blockchain technology.
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