Asking that question shows that your teacher really wants to know what bitcoin is all about. He/she might have heard it in the past. So many people do not have an understanding of what it is but you jump into the conclusion that it is a scam or an investment scheme. I believe with time the bitcoin will be more discussed in an institution and public places and will change the orientation of the people especially those that have a biased mind towards the crypto and blockchain technology
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Well, since the information about your wallet can be known via any of the public addresses, then I think you are not completely anonymous so your privacy is not totally safe. However, since limited information is still very known and other information most importantly the address, name, and location of the owner is still not known, I still do not think the public address is dangerous to your privacy. The information that can be gotten is still very limited
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Yes, Defi if the new crypto hype, we need to be careful, will not take so long to the first Defi scam project appears, like happened with the Icos, it's just a question of time to something bad shows up in this Defi scenario.
Of course, there will be scam defi because the scammers will see as a new way to get money from the investors but I believe people are wiser now and also there are many individuals out there they quickly report scam project. Also, I have realized many of already existing projects created many of this defi tokens and the new upcoming one is the Flamingo token which was shared on the medium by the famous Da Hongfei https://medium.com/flamingo-finance/up-the-defi-game-introducing-flamingo-be3eb1c6c426
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Your question would have been complete if you provide the volume of these tokens within the 24 hours frame that give such a huge change in price. It is nothing newthat when the trading volume is very low, a big buy or sell order could influence the price of the token significantly. From experience, sometime the project team behind these token could intentionally want to make the token to be among top gainer token thereby giving more attention. They achieve this by deliberately buy substantial amounts to cause a significant price change
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What of the transaction fee ? I believe the miners can also earn from this. When the mining fee become smaller, it become unsustainable to operate which will force some of them away from mining while some other big miners that can decipher another means of mitigating the effect of the decrease in the mining fee will still in the business. Such a scenario might also lead to innovations and development of better hardware for mining. https://news.bitcoin.com/publicly-traded-firms-launch-new-mining-rigs-less-hashrate-than-competitors/
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By now it should be very clear that no matter when and how the pandemic will be over, it does not in any way bring a negative impact to the rise of the bitcoin. Forget about the stimulus package which many people have been saying it contribute to the current growth of bitcoin. Not everyone who has received this stimulus package spends it on bitcoin. people are losing a job, unemployment is getting high, the cost of living is increasing. Many people will consider spending this money on foods and social needs than on bitcoin. Bitcoin will continue to be stronger even after this pandemic
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There is nothing to doubt the possibility of crypto especially bitcoin price reaching higher price just like in 2017 because we have some activities such as defi token, and many countries were given their citizen money to reduce the effect of the pandemic on a standard of living and housing which has been confirmed that many people are using it to buy bitcoin. However, cotinous increase in transaction fee might lower the bull run
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I will suggest you check some p2p platforms that can offer this service. In order trading your paypal funds with a less risky buyer on the platform, I will also suggest you only trade with verified users on the platform. you can also make use of bestchange platform https://www.bestchange.com/paypal-usd-to-bitcoin.html to view the lists of exchange platform that offer your choice of coin
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The reason why people always ask an individual to do their own research is that no one want to be blamed for the mistakes you made. Anyone who is not ready to learn and relearn should not bother to invest in bitcoin. crypto is evolving and you can hardly predict what will happen to bitcoin in the next few hours not to talk of days, months, and years to come. Trading crypto involve patients, perseverance and being meticulous
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Pain for services or goods using bitcoin makes it possible to explore many opportunities globally which would have been difficult to do using a debit cards. To be specific, the central bank in my country has made it impossible for many people to use a debit card on an international website. However, using bitcoin makes it easy to break this barrier as long as it is accepted on such platforms.
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Luring people to into trading by taking volume in order to rank high in crypto ranking site is a criminal offense which many websites are guilty of this. Only if some of other known exchange that do fake volume can be handled in such manner, it will increase the trust and confidence we have for few exchanges that don't fake volume
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Well you look around about the cons of the traditional cashless policy, you will discover that many of it has been taken care off using digital crypto although it also add some other cons such as high liquidity, inability to retrieve coin back when sent to wrong address and possibility of being hacked in a wallet. All the same I still prefer cashless policy especially in my country where crime rate is getting high
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This is one of the funniest article I will read on the web today. So if you hodl a bitcoin, you are automatically a gambler ?. This is bogus. People develop mental health problem sometime when they lose money but that doesn't make it unique to bitcoin. If you own a business and you invested a big amount of money but latter the business fold up and the owner develop mental problem, does that make fiat holding gambling
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Volatility is one of the major drawback that makes it difficult to be used in accepting goods and services purchase. If you are accepting btc you will scare the customer away by quoting price higher just because you want to mitigate the price lost due to volatility. I will encourage you to make sure you only accepting certain percentage of the total cost in crypto while the customer can pay the rest using fiat currency. I believe anyone that want to use bitcoin to buy goods should have basic understanding of crypto. You may choose to redirect them to BTT in case you can't provide answer to their question
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Its being long since there is any update about NEO. It is just like other coin LTC and Wave however, if you want to invest in NEO I will suggest you accumulate little by little. Most importantly when the coin is at deep. Even though anything can happen at anytime, I'm very sure you know you should be thinking of long term investment and not short term
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Anybody looking for passive income in crypto might end up falling for this investment scam that claim paying using crypto. Crypto staking might be profitable but it also boil down to the price of the coin you stake on at the end. Staking on MB8 coin has thought me a great lesson. It is always good to make a hay when the sunshine
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Kindly fix the broken link or post the image directly here. You can give more detail including the exchange you are using. However, in some exchange with low trading volume, buying substantial amount of coin increase the price but also create more chance for people willing to sell in dumping the coin. This might be the case of above mentioned coin. You can check the sell order list and compare to the buy order
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I think you are a bit confused about centralized and decentralized trading platform without emphasis, I will suggest you learn the difference by reading this detail article https://hackernoon.com/cex-vs-dex-which-crypto-exchange-model-is-best-1dfcf80f4221 Binance you mentioned is a centralized platform and according to CMC, it is rated as the best trading platform based on daily volume and active traders. Decentralized platforms include etherscan index, uniswap Bancor. Etc. From experience I enjoyed trading erc20 token on etherscan but most of them have low liquidity and transaction fee are too high
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