One of there major income is from the fees they charge which is 0.5%. The also have profit from trading or buying and selling bitcon because they have different buying and sellingrates of bitcon. We buy bit coin at higher rate and sell it at lower rate so it give them an extra large ammout of income other than fees the charge and the gain much income than we think ..
Definitely,they get their profits mostly from the charges they levy for buying or selling bitcoins.Trading occurs in such a huge volume so that even a small percentage of charge would give then huge benefits. |
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I noticed many pro government Regulation of Bitcoin popping up everywhere thesedays it makes me wonder whether fellow Bitcoiners are in support of these people or more focused on accumulating more Bitcoin & Altcoin.
Would Satochi be in Support of Regulation? Are you in support or against?
Many countries like china and russia tried to ban bitcoin earlier but they failed to do so and started to regulate bitcoin.Its a good progress.They have accepted bitcoin indirectly by regulating bitcoin.But bitcoin is totally decentralized.So no one would be able to control bitcoin. |
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Bitcoin is the pioneer of crypto currency.Almost all countries have started to realize potential of bitcoin.Japan has announced it as legal currency.China and Russia have started to regulate bitcoin instead of banning bitcoin.Bitcoin price is increasing very high.So every one wants to hold bitcoins so that they could get huge returns in future.So people think that by holding bitcoins,they could grab the power to make their future great.
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It has been estimated that bitcoin would be the sixth largest reserve currency by 2030.Bitcoin may replace dollars but not in 15 years.It would take long time to happen since US dollars is known all over the world and most people of the world are not familiar with bitcoin.
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If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
With no doubt,i would choose bitcoin instead of gold.Even though gold has been in the market for centuries and bitcoin has been available just from eight years,bitcoin works on a secured block chain system and it has increased triple in just six months,bitcoin is better than gold.More over,bitcoin could be immediately transferred to any parts of world and gold could not be done like that. |
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Only new comers who don't have a clear knowledge about bitcoin would only ask this question.If you see the price history of bitcoin,you could clearly find that bitcoin has steadily increased in price from time to time.Early adopters of bitcoin would never think of selling their bitcoins and they would just hold it irrespective of market situations.
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Bitcoin is decentralized so that whoever you are from wherever you are rich or poor, you are free to use bitcoin for any purpose. Bitcoin is freely used for anyone. anywhere
What is your response with this opinion?
That is what bitcoin is created for by satoshi nakomotu.He just wanted to free people from banking sector by creating such a currency.Bitcoin too has achieved this day by day.Bitcoin has become the worst night mare for bankers.Bitcoin is available for every one irrespective of caste and creed. |
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Volatility is one of the main feature of bitcoin due to which traders gain profits by trading.You are comparing bitcoin with altcoins .Bitcoin is unmatchable.It would be a joke to hear that altcoin has less volatility compared to bitcoin.Bitcoin investment is secured and its an ever growing investment.
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Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
Paper money would still exist longer.Most people in the world still don't know about digital transactions and they believe that paper money is the real money which they could feel in their hands.It will take much time for them to change to digital transactions. |
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I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world
What is your opinion this time?
Definitely,Bitcoin has given a new opportunity of earning to all people irrespective of geological variations.People from under developed countries should make use of this opportunity and earn from bitcoins.We have to just work like participating in campaigns,trading or mining.We need not go in search of boring jobs and we could live a life of financial freedom. |
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I would like to join this campaign.Hope i will be accepted.
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Name: farhaan
Position: Member
Posts: 71
Bitcoin address: 1DnYVw1RHcG8n4MYYvLeugXiRtdqwdtGYw
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Japan has become pioneer in accepting bitcoin legally.Definitely it has boosted the price of bitcoin more.It has become an eye opener for other countries to adopt bitcoin. |
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I would like to join.
Your Username: farhaan
Position to Apply: Member
Your Current Post Count: 68
Your BTC Address: 1DnYVw1RHcG8n4MYYvLeugXiRtdqwdtGYw
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I have one junior account.No negative trust & not listed in SMAS.price 0.013 btc.
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Hi i have one junior account.No negative trust or SMAS listed.I have sent u pm.
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I would like to join your campaign.
Name: farhaan
Position: Member
Posts: 64
Bitcoin address: 1DnYVw1RHcG8n4MYYvLeugXiRtdqwdtGYw
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Username: farhaan
Post Count: 63
Rank= Full Member
Bitcoin Address: 1DnYVw1RHcG8n4MYYvLeugXiRtdqwdtGYw
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