Fiat money are better for spending and investing(because of inflation,you have to get rid of your fiat money,because they are losing value),Bitcoin is better for HODLing. I have always thought that comparing Bitcoin to fiat money is wrong,because Bitcoin is a scarce asset with a very volatile price,while fiat money aren't scarce at all and their value goes down slowly.There's no room for comparison. Anyway,you are kinda wrong about fiat money being the only way to buy Bitcoin.You can buy Bitcoin with your labor.You can offer digital products and services for Bitcoin. Bitcoin has value without fiat currencies.The fact that Bitcoin value is being measured in USD or euro doesn't mean that Bitcoin doesn't have any value without fiat.
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To summarize Max Keiser:"Bitcoin is awesome,everything else sucks and every company in the world will soon adopt Bitcoin".This is a pretty one dimensional view,if you ask me. Paypal isn't that desperate and I don't think that they will "go full Bitcoin or die".The Paypal team finally realized that joining the crypto industry will be more profitable than fighting against the crypto industry. They are just interested in making profits,they don't care about the concepts of blockchain technology and cryptocurrencies in general. Nobody knows what will happen if Biden wins.Maybe he will become more "anti-Bitcoin" than Trump.
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I would like to inform the manager Coolcryptovator,that I'm leaving this awesome campaign. Thanks for the opportunity and I hope that we will meet again in another signature campaign.
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Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=710218Current amount of posts (including this one): 5614 Amount of merit EARNED in the last 120 days:23 SegWit BTC Address for Payouts: 376NEEiVa64wRuEpyPZLDeZoFMMjaqoyjJ I'm in another sig campaign,so I will change the signature code and avatar only if you accept me.
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Today Kucoin officially launched P2P Trading for BDT. It's a great news for Bangladeshi Crypto Community. But I have some questions going around in my mind. Officially bitcoin and crypto is banned by Bangladesh government and the central bank of Bangladesh which is Bangladesh Bank(BB). So, if I need to do P2P with BDT, I need to do bank transactions for that. Now how that will happen? How Kucoin will manage it. We can't do bank transactions in crypto related websites. What's your opinion on it? If crypto trading is against the law in Bangladesh,then simply don't trade cryptocurrencies. It's weird that a crypto exchange platform like Kucoin allows trading with the national currency of Bangladesh,while crypto trading is banned in Bangladesh.I assume that the Kucoin team is aware of the fact that crypto trading is illegal in Bangladesh and yet they kinda stimulate people in that country to try and break the law.I thought that companies should abide by the local laws.
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The you think defi a a threat to the future of centralized finance? What's your opinion?
I don't see DeFi as a threat to the banks,because,at the end of the day,banks will simply buy and adopt DeFi technology(if they see potential in it).If there's no potential in DeFi,then this technology will simply die and nobody will use it anymore,just like how the ICOs died,back in 2018. Seeing DeFi projects and banks as two opposite armies,which are going to war against each other is a big oversimplification.
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The big banks like JP Morgan are laundering trillions of dollars,and yet Bitcoin is still being called a scam. What a hypocrisy.I knew that Jamie Dimon is a "rotten apple". Smart bankers never talk BS on interviews.The smart bankers usually don't give interviews at all. That Chase Bank Trader just saw an opportunity and he took advantage of it.Is this illegal?I don't think so. It would have been illegal,if the trader knew that Jamie Dimon will say this BS and dump the price of Bitcoin.
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As we know as a crypto Community most of people's think that a Bitcoin (any crypto currency) is illegal and scam. But Now Paypal officially integrated inbuilt features to buy/sell Bitcoin , Etherium , USDT and etc. So It is a great slap to the mostly people who think Crypto is illegal. Now they understand the power of crpyto in upcoming less than 2 years and it will change whole market , the early adopters will take great benefit.
It is true that having a big company like Paypal in the crypto world adds some credibility to the big cryptocurrencies like Bitcoin and Ethereum(even though I'm not a big fan of Paypal). However,FUDsters will remain FUDsters and Bitcoin haters will continue with their preaching. Most the Bitcoin users,who were scammed in the past know,that they can't blame Bitcoin for the fact that they were scammed.Scammers will exist forever,it doesn't matter if they are using Bitcoin or fiat.
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Since PayPal announced its allowance of cryptocurrencies, BTC soared high towards $13k and I can see that the rally already began for BTC. Is it party time or shall we wait a bit longer? Rally has started, the question is - towards which side? If this news throws BTC down, then let's get ready for another leg down towards $8k and buy BTC cheap? Or shall I buy BTC right now? Is $13k cheap atm and can I go for a 10x leverage position at this price?
I think that the FOMO phase started a few days ago and everyone,who wants to buy BTC has to act quickly. On the other hand,I don't believe that this price growth will be sustainable in the long term.The price will eventually crash and most of the traders will start panic selling at some point.Anyway,short term profits can be gained,if we act smart. If we try to ignore the news about Paypal,there's no other force that helps for pumping the Bitcoin price.
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I wonder why Paypal turned into "pro-crypto" so fast,after being in the "anti-crypto" team for all those years? What changed inside their company?Maybe they smell money inside the crypto industry and decided to abandon all their core principles of banning crypto trading,blocking user accounts,etc. just for the sake of more profits.This seems like a very opportunistic move. However,all the FUD/anti-Bitcoin banks and corporations like JP Morgan and Paypal are about to jump in the crypto wagon.This trend has pros and cons and we shouldn't celebrate.
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Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent? Are we as a community too scared to challenge the status quo?
I don't understand your first question.I mean,do you want somebody else to control the money printing process?That is a recipe for disaster.I'm not a fan of money printing,but the governments should keep their control over the process of creating new money. How do you want us to "challenge the status quo"?Do you have any plans about a rebellion,protest or a strike?The "crypto community" isn't that united and it definitely isn't that radical and fanatical.
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The news about Paypal allowing cryptocurrency payments are everywhere on the internet. I still hate Paypal and I still think that they are a scam company,which is ripping off it's own customers with insane fees and blocked accounts.The news about Paypal becoming crypto friendly won't make me change my mind.This company will continue to rip off it's customers,but this time they will use cryptocurrencies instead of fiat money. Anyways,the Bitcoin price was pumped,because of this news.Time to make some easy profits.
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BTC surged to 12k last night, it was amazing... 12k has been the target for a long-term, it is destined to be broken once before 2020 ends. However, the transactions now has reached the lowest number. The continuous market in the rest of the year 2020 shall be sideways..
I earned a lot from BitOffer Options today, but in the near future, how shall we set up our trading strategy?
Maybe some stable Bitcoin investment to earn fixed return?
I think that there's a correlation between the amount of BTC transactions and the Bitcoin price. If the BTC transaction count starts to increase,the Bitcoin price will go down for sure. What's happening right now on the crypto markets is just another price bubble.The price might go to 15K USD,but it will eventually return to 10-11K USD. There aren't any stable Bitcoin investments.Blockchain.com and Nexo are offering 10% interest rate,if you lend your Bitcoins,but I don't think that this is a "stable" investment.
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Currently, most of the exchanges (CEX) are KYC required. As we all know, most of the crypto currencies (especially bitcoin) are decentralized and anonymous. Why should those exchanges collect our personal information? Do you think KYC is necessary? I'm doing a research, and made a survey, so can anyone be interested in this topic share your opinion? Thanks. Here is the survey link: https://forms.gle/rMeMZf7S1jo8bMwt5The exchanges collect our information because KYC policies are required by the authorities,so all the crypto trading platforms and their customers have to abide by the law. I think that KYC policies are helping for fighting money laundering and illegal financial activities.KYC policies aren't perfect,but if there was no KYC,the cases of money laundering,financial crimes and scams would be way more.I'm not talking only about the crypto industry.I'm talking about the fiat financial system as well.
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Blockchain technology cannot improve healthcare in my opinion. The Blockchain can be used to store data,but this is not the main problem of the healthcare systems around the world.The pharmaceutical giants and private hospitals,who are profit driven,have to be held responsible for many issues in the healthcare systems. The US healthcare system is different than the EU healthcare systems,so I'm not familiar with all the Medicaid/health insurance funds in the US.In my country,the main problem is the corruption inside the hospitals and I know that this problem cannot be solved by simply implementing blockchain technology.
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If we just for once assume 1btc = $480,000, then we quickly realize the potential of this thing we call bitcoin. Let's assume 1btc = $480000 The real potential of Bitcoin is not in the possible price of BTC,that might or might NOT be achieved in the future.The real potential of Bitcoin is in the blockchain technology that can make banking and financial services obsolete. The main goal of decentralization should be to take away power from the banks,governments and corporations and give ti back to the people. Bitcoin is currently co-existing with the current global financial system,so your question is kinda pointless. The really important question is only one-Will Bitcoin change the current financial system?
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HODLing US dollars for the next 5 years?Are you kidding me? Don't you know how inflation works? I would choose a mix between Bitcoin,Gold and stock shares in pharmaceutical companies(the pandemic will continue in the next 5 years,so the pharmaceutical industry will grow). I would never put all my eggs in one basket,even if I choose a safe heaven asset like Gold.
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I remember Helix,but I've never used it. Every darkweb marketplace/BTC mixer owner should be aware that the police is going to catch him,sooner or later. I think that the remaining darkweb markets are switching towards monero,because most Bitcoin mixers aren't reliable. I am not sure what is the right solution for this,
an easy one, more decentralization. when there is no "owner" to catch, there is no "KYC" to force onto them and there is nothing they can do. wanting privacy is everyone's right and they should be able to achieve it one way or another. the more KYC rules the government forces on different services the more advanced and popular the privacy improvement methods such as CoinJoin will get. More decentralization means that everyone will become an "owner",which means that everyone using such decentralized platform is a possible suspect of a police investigation.
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"Sex social workers"?!?Do you live in Thailand? Yes,of course that opening the economy will make the pandemic worse,but this is inevitable. I don't think that the lockdowns and quarantines were very efficient in some countries.Most of the people just don't follow the rules and do what they want. It's all about finding the balance between keeping a big part of the economy safe,while keeping the pandemic under control.That would be very difficult and it will require tremendous amount of efforts,but there's no easy and simple solution.
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I studied bitcoin so well, apart from the fact that bitcoin is a currency, it has all features to be called an employment opportunity. Just that your educational certificate is not directly needed,and this is indirectly required in the way you present your post, because if your post is not matured, coordinated and sensible enough you may be banned, or placed on negative trust,so in one way or the other your IQ is needed to keep you moving. Moreover, you are to register, meet up with a given task at stipulated time, your delivery is accessed and paid as token. What else makes it different from an employment?
Bitcoin is NOT an employment opportunity.The crypto economy,which is built around Bitcoin and altcoins can create job opportunities for programmers,developers or even some not-so-tech-savvy people. Bitcoin is just a currency/asset.You can't say that the Us dollar 'has the properties of an employment opportunity",because the US dollar is currency,not a company. I guess that you mean Bitcointalk instead of Bitcoin.
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