Nearly every form of media affects bitcoin growth. An social media is more far reaching than the likes of news media. People that were not to up to date with crypto currencies in the last couple of years are probably seeing more and more of it through social media.
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I was wondering this the other day as we seen a significant rise in ltc that how much of this was people taking a chance on ltc with their btc it does seem sensible to invest some in a coin that is on a rise with a coin that has hit such heights already.
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Yes the fee problem is a massive concern for most with relatively small amounts of bitcoin if it is going to cost nearly half of what you are sending it leads us to the fact that bitcoin could fail on this point alone.
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Sometimes I feel that betting against my self is the better option if it's a case that I'm just looking at horses and not actually putting them on then they win as soon as I put them on they lose. Majority of all betting is just luck.
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I would advise you to make a separate wallet and use that solely for gambling and the other one not to touch. If you are gambling more than you can afford then it might be wise that you start to limit yourself. Serious gambling addiction can be a slippery slope and if you are recognising you may have a problem then it can be a opportunity to do something about it.
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It will take a while for people to lose interest in cryptos as it is we are still in early days of mass adoption of crypto currencies with all the media attention bitcoin has had in the past year alone it has generated much interest that won't go away over night. There will more likely be a time when bitcoin runs out of steam but some other coins will take its place.
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I would see this gift as something you didn't have before and unless you are desperate for the fiat I would just leave it. To see serious gains you would have to wait for bitcoin to really grow in value. You could however invest in an up and coming coin and see what happens from there.
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I think that if this was a true friend they would have paid their debts long ago. If this was merely an aquantince than I think you can probably put this down as a learning experience.
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Right now I think ripple and electroneum and zen may be coins we see big surges with next year there is really so much choice. I think much with do with what other coins coinbase and the likes offer next year.
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The only thing that does discourage me is the cost of fees if wanting fast confirmation. It makes bitcoin hard to really emerge as a daily currency if it's going to cost a lot to transfer.
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Btc will always be number 1 but as we see time pass we will see more and more problems with transaction fees. We have to remember that with more interest in crypto currencies the first thing people hear is btc and as they learn more they may well sell bch as the future.
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I think this would all depend on what you are doing with crypto and can it be done elsewhere. If trading you can do that pretty much any where of course tho working a proper salary job will eat into your time but at least you know what you will be getting paid monthly.
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It will continue to grow and grow but something still has to be done about the huge fees and transaction time for bitcoin to totally work as a daily currency we can't have people waiting 24 hours plus for conferment.
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I think the plan the op has is probably the best and safest. It is wise to have a diverse portfolio and to not just have everything in one place.
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This is going to be a major problem as the price rises we could even get to the point this could stop bitcoin from making any progress. As we get to the point where it costs more for transactions than what's been sent.
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The volatility makes bitcoin dangerous. There will always be an element of risk involved with any investment but we would truly like to see bitcoin used as a currency more so than a store of value.
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It is a good way to lose a lot of money quickly. Sometimes it works but that has more to do with luck. Like any system there is always an element of it that works.
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If it a choice between buying 1 eth and the same in ripple I would go to ripple ripple is a relatively new coin and undervalued just now just hold and reap rewards.
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It will be interesting to see what happens but surely the mobile mining will not last for long. This will be good for first time people starting out in crypto price will always dictate what happens.
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It is difficult to say where bitcoin will be in 20 years but we can only hope it stands the test of time. If the transaction cost and time is OK then we will still see bitcoin in the years to come if not then another coin will emerge.
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