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One of the possible problems if this really happens would be how to control and avoid the attack into bitcoin with 51% of the hash, since a lot people would have acess to make this attack without big players around, but i really doubt this will be anytime possible and wont happen at all, we do live into a freedom world and there is nothing countries cant do to stop home miners and say shut up to all of us.
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Money is something we need to consider, there is no way to avoid it because we need it to make almost anything, family above all things and then money. Im not a greedy person i do dream into get a better life with crypto help and opportunities always coming up, but if those wont happen i will be happy anyway since i do have my own family wich makes me complete without the exess of money.
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With China news bitcoin is shaking a lot, and well for sure November bitcoin fork should make the price even more volatil till it get stable. Bitcoin is now and always were the best coin to invest with lower risk over crypto, if i have money i would be buying bitcoin till 2019 since the market will be accumulate the much they can for the halving, but its up to each one to choose the best moment to join or not into bitcoin.
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I werent expecting to bitcoin being worth such ammount this year, but Japan was one of the main responsibles for the current value, legalization were well received from all crypto believers and supporters, i weren expecting China to react or act the way that looks they are, banning and trying to control bitcoin, i were expecting more countries to join Japan this year, but well lets see what will happen till 2020 because im sure we will see more countries accepting and with bitcoin legalized.
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Bitcoin is allowing me to have financial freedom, the earnings im able to collect online are sometimes bigger then my salarie, but bitcoin did realized my dream, because i dont agree the way country manages and collect their fees, if they were investing to make all better it wouldnt bother me, but i did realized that politicians are taking those money to them. Bitcoin is for me a way to say to the government i dont agree the way they are doing the things, and well i can make what i wanna without have to say why and for what i will use my money, something banks always ask.
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Im saving bitcoin because recently i had made a good investment wich will allow me to change my destiny as well my direction, i dont believe anyone is saving bitcoin for fun, 3000-4000 dollars, bitcoin did raised a lot and at this stage no one are kidding with it. If my projections get confirmed i will be able to exchange a part of mine coins to fiat to invest into my real goal, taking the remaining coins at save mode for my childs.
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I had made some plans to mine bitcoins for the next 2-10 years, but since all are invested over altcoins i do expect to reach some ammount if i suceed i will make my plans live on the next years for sure. My dream is to use the money to buy a car or a new house, i wont be able to pay for full of any of those but it will help me a lot to get those things.
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If bitcoin mining, mining in the general becomes ilegal we will see big pools closing doors, and one funny thing, some of them will try to run their miners into a different place, paying some money to remain invisible, if not happen such, well pretty sure home miners will assume those since they cant trace each one of us, soo mining would be decentralized and maybe better to all.
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China has a big influence and big investors, recently they banned for some time the ICO since people were using those to clean the ilegal money, soo they are taking measures to control the money being invested over those, some rumors said they might ban exchanges as well mining companies. Currently the big companies over mining are at China soo those would allow other people to join the game and make the mining more decentralized, some countries are taking their position to open the doors to those companies, because well they will consume energy, soo they are earning money and helping the country as well.
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Currently i had used bitcoin to purchase a game, hired a developer to change it a bit and check for any bugs or issues and i do expect to make the test soon, and later make it live. These project has around 2 months on hold due to the segwit storm, and because i needed some money to pay some bills, but im using my coin to make my dream live and i do expect to roi into 7 months-1 years atleast.
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This is almost impossible to happen, atleast miners will need to sell part of their coins to pay the energy bills and to grow their hashpower, bitcoin has raised due to people start trade and use bitcoin to pay for something or services, if somehow people stop spend bitcoin it would create a huge pression and possible a buble over it.
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There is already a crypto currency that looks like will work based on those, but instead use bitcoin will be using their own coin, i dont know pretty well the concept, but it sounds good since you will be able to use those coins to pay for a drive. Bitcoin isnt a good solution since it requires few confirmations to avoid be double spended, and well fees goes up all the times, unless someone make an app wich will allow to deposit and use those balance to travel.
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I did read recently that those companies wich manage investment funds are requesting licenses to operate over crypto, bitcoin and altcoins had becamed the best investment return since years. It does surprise me the long time those companies took till join bitcoin, and some of them had been forced to implement those option otherwise would had loose clients since people are very interested into crytpo.
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I did realized recently that at all bitcoin events there is a small antecipation before really happens, last year were the bitcoin halving that jumped around 6 months before, now i do believe people are already playing with November fork that the most say it will be a heavy moment to bitcoin supporters, because it can split the coin into two strongs directions till one fail.
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China ban over ICO has damaged the investors, as well crypto in the general with rumours about exchanges being banned as well. Besides those we have a lot traders over crypto soo several of them sold at 4800-5000 dollars and now had bought cheaper, soo besides those i dont see any valid reason to sell bitcoin at all.
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My earnings from bitcoin arent very big, i had made some investment wich did allow me to reach some values i never expected to be able to collect and save over the next years. The money i do earn is like an extra source of income, some months those income does cross my salarie but is something i never expected to earn such ammount of money, bitcoin is changing my life.
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Thanks viberate and yahoo, i sent you a pm i did lost my key to acess my wallet kindly update it.
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Bitcoin has been able to grow 4x its value since January, if you know any fiat option that allow to make such results let me know i might invest 1 dollar over it, crypto has already proved its value and just showed a part of its potencial, and believe me there is still much more to be found over it and better results will be achieved in the future.
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I havent found yet a person wich does know bitcoin or what it is, neither someone against bitcoin, the only people that said to me becarful you can go jail were my friends and i told them i am doing nothing ilegal, otherwise paid to click would be ilegal, and we know it isnt at all. If someday someone that hates bitcoin comes into mine direction i will ignore and ask what is bitcoin, because i wont waste my time talking about bitcoin and its beneficts if the person is against it wont changes till the day the someone make opression exposing what he had made with bitcoin, or what bitcoin did allowed those person to do.
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