Bitcoin can make improvments in the economic situation of individuals but to improve the economy of some country it should be formaly regulated and accepted as a official payment method and regular part of financial system. And I don't know that any country has officialy done that. Maybe it could influence the economy indirectly by people who will spend more fiat money exchanged from Bitcoin.
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This could but also doesn't have to happen. Bitcoin is not only rising progressive through the time, the price could fall also. Everything depends on the Bitcoin market, the supply and demand, the factors that inf the market, the big players, both countries and individuals and so on. We would all like to see Bitcoin price at 2500$ or more very soon but unfortunately Bitcoin is not that predictive.
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Many users are selling different digital and other goods for Bitcoins as their way to make some coins but also to get rid of stuff they don't want or don't need. I wonder what was the most expensive thing you have sold for Bitcoins and how was your experience? Is there some kind of goods that people especialy like buying for Bitcoins? I mean the legal stuff not drugs, weapons or something similar.
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I don't think that the question is on how many ways you can get Bitcoin but on how many ways is this profitable and on how many ways there is guarantee that you will actualy earn something. So, at start you can exclude faucets, it's waist of time, with gambling and lending you can easily lose everything, the risk is too big for trading you need rather big start capital. The best option to my opinion is doing some jobs paid in Bitcoins or selling stuff.
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This is actually a good development in the right direction and this is something I really clamour for and I see the effect from the news from the Chinese government having little or no effect on the price of bitcoin. It also shows that the popularity of bitcoin is getting to the point where it cannot be stopped and government that wants to stay relevant in this world of digital money will have to fall in line or fall out of place.
I also beleive this is good and could bring positive movements. Chinese domination will be weakened and new players on Bitcoin ma are always welcomed. More countries that join bi train makes it more serious, addopted and with higher potential. Think this is going in good direction.
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Some people have made a very nice profit, either they have bought Bitcoins when they were very cheap or they have earned it. But let's be honest, people who have bought Bitcoins at 1000$ also hav made the profit, right? So, this just proofs that is never to late to get to the Bitcoin world and that everyone could have the chance to have use of it, just have to play wise.
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Everything is possible so it's hard to say exactly but despite current relatively quick rise I don't think that price will touch 3000$ so soon. For that it takes time and all conditions on the market to be right. We can expect further pump but not without any limit and corrections made along the way.
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Never is a strong word, unlikely is a little healthier.
Exactly, never say never. And in Bitcoin market everything is possible. Saying that price will never ever fall under 1000$ once it reaches 2000$ is unreasonable. Don't you people remeber that price was less then 200$ and it reached 1200$ before that? Don't predict the price and the movement just based upon the situation based in the last couple months or one year, it's deeper than that.
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Another proof that people are never happy. They make fuss and panic either because of pump or because of dump, it's never good. And it's always some conspiracy theory about exchangers or something. And you can always use localbitcoins instead of any other exchanger and make your profit.
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Having in mind the current price and the potential that could be seen many who have sold their coins in panic not so long time ago, now are probably regreting it. This is another proof that you have to think twice before making sudden decisions and it's good to keep the cool head. So, cool head, patience and keeping eye close on the market, this is the receipe to survive on Bitcoin world.
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It sounds like utopia that every nation in the world uses Bitcoin. I'm not saying this could be impossibe but at the moment there are no cinditions for such thing because not all have the equal knowledge and access to the new technologies and Internet and Bitcoin can't be used everywhere under same conditions. And it's not very likely that it would become the main currency.
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No one has said that using new technologies is always easy and efortless. But to some extent you have to adjust yourself and also have some basic knowledge, if not some advanced and specific ones. Nothing will just fall of the sky so average Joe also needs to learn how to note the passphrase if he can't memorize it.
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I think one of the reason is because local traders that is more convenient for their customers to trade in local currency, on their local language, with the use of local banks and so they like charge this "service" more. This doesn't only apply on USD Bitcoin relation but also in relation to other currencies.
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I think they becoming more popular, at least in my country. I see that more and more ATMs are opening. At the first there were just two in the capital and now there are couple of them in other cities too. ATMs are convenient and easy to use, anonimous too, and that is why people like to use them.
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Don't bother yourself with so distant future. In the world of technologies this is very far away because changes are very fast and dynamic. Anything can happen with the Bitcoin too, the price could go up but also climb down, maybe some new successful cryptocurrencies will appear too. So, let's go one step at the time and focus on current Bitcoin issues.
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In the case of some total natural disaster or big world war it could happen that Internet network would also be destroyed. But it's not only Bitcoin that depends on the Internet, there are many products, services and technologies that we use on daily basis and that are depending on Internet. In this case this would be a total disaster but I don't think that Bitcoin would become the main payment instrument, this is not its purpose.
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Realy everything depends on the engle you look from. Having in mind todays Bitcoin price and how bad situation is in some parts of the world that are very poor, you can already buy a house there for one Bitcoin or even less. But in some western relations of developed countries Bitcoin should achieve extremly high price to buy a house just for one Bitcoin and I'm not sure that this would ever be possible.
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You are right, and because of the fact that is actualy very easy to scam people all kinds of frauds are very popular. You don't need to put much efforts and knowledge you don't even have to risk too much and there are always people who will fall for tempting offers, especialy when money is involved. People have to learn to be much more careful.
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If tax authorities are going to contact you because of Bitcoin made profit that depends on the country you live in and the law. I don't know such persons and in my country Bitcoin isn't regulated yet and so far private persons who don't have registered business don't pay taxes on such profit. But that doesn't mean this is not going to happen in the future.
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I think it's important to follow your inner feeling and intuition. When possible keep you head cool, don't panic and think twice before you make some risky move or decision. And be aware that there will be also losses and bad moments, so don't look at that as on tragedy but try to minimize the consecvences and learn something from it.
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