If there is no Bitcoin, can they stop them from doing these criminal things? Bitcoin is just a means, not the cause of crime.
It will be much harder for both if say the laundering medium used is fiat. It's harder for the law enforcement since fiat isn't traceable unless a big amount of money suddenly enters into the account of someone that doesn't have any kind of that bank activity, and it's hard for the launderers since you can't easily inject the money in a business or someone's bank account, it needs to look normal and at the same time efficient. It's a good thing that drug dealers and launderers use bitcoin because it's much easy for the cyber police to track them down via the public ledger, if it was XMR or other privacy coins, it's.going to be a win for the launderers.
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That's the reality, the rich only get richer and the poor can probably get by when they have bitcoin's. I think there's no change in wealth disparity, there's just more means to make money those money makers have been more accessible to more people so it somehow evens the playing field for those at a disadvantage.
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They wouldn't, there's a certain pride that these countries have that won't make them consider bitcoin as a local currency, remember that the national currency of a country have some back story as to why they were chosen, some might even say that those banknotes are even their identity. So in conclusion, it's impossible to replace a nation's currency with bitcoin no matter how attractive it is and it's current price is.
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It's still on the neutral, the government doesn't do anything about it which is a good thing because I don't want them touching my crypto for taxes which only ends up being plundered and stolen by the politicians. And the good thing in my country is that I don't have to pay any taxes no matter how big my profit in crypto is since there's no law and the banks don't care about those and some of them support crypto.
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lack of knowledge about bitcoin. people will loss their fund because of their reckless to respond what if that state come to them. newbie need guidance from expert to do the next move. most of them will panic if bitcoin price fall. and im not sure if people will follow unknow people to decide something important. That's exactly what I meant by the impatience, they get reckless which ends up with them doing stupid decisions that caused them to lose their money in the process. Lack of knowledge can easily be solved, just read more and you're good to go, on the other hand, impatience needs to be trained and you must have the will to remove that impatient behavior.
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Nope, I don't think so. We are at a stage in quantum computing where it's still experimental and the size of one quantum computer is the same size as old computers back then which is worth a room. And I don't think that we will see it become a commercial product until they've figured out how to compact it like a PC and resolve the overheating issue due to the movement of particles.
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Miners don't want to be bothered, they know their appreciated already, leave them to mine in peace. The people that needs some appreciation are journalists that reports only the truth on stuff even if it means that they're going to be heavily criticized.
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Yes never add it in your trade emotion should be set off aside, whenever I am trading I always put stop profit and stop loss (depends on my analysis) and after that I just leave it and wait for notification on my phone whether I lost or I earn profit in that way my emotions wouldn't be part of my trade, that's my style of trading.
It's alright to have emotion, don't set it aside, instead try to control it rather than setting it aside, what you can get from controlling it is that it's not going to get bottled up compared to setting it aside. Learning to harness your emotion is much better than ignoring.
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It can be seen that the correct approach was probably chosen for his opinion in order to trade, but patience and perseverance sometimes give a good result
Patience and perseverance always gives good results. I mean OP should've learned not to easily trust stuff online especially crypto, OP had experienced 3 rug pulls, meaning that OP was a bit on the stubborn, gullible and stupid side because 1 rug pull should be enough to have a lesson learned type of catharsis.
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Learn the ropes first, you come off like someone who's into crypto for a quick money and trading isn't the right place to get that money if that's really your intention. First you said that you're a newbie into crypto and then you suddenly want to trade? That's disrespectful to the long time traders because you think that trading's easy and to yourself, you will suffer losses all the time. Learn stuff first and accumulate knowledge and accumulate experience, there are demo trading sites that you can use to practice trading.
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there is still lot of work needed to make user bitcoin friendly payment system. trader who already in this cryptocurrency field know the importance of bitcoin but new people which living in small village, un-educated persons are totally unware of bitcoin. so first bitcoin should be made user friendly. we need special banks of bitcoin. also ATM machines can help to make it easy for every one to use it easily. we still far away to adopt bitcoin instead of fiat.
But that doesn't mean that we can't leave them behind even if there's no technology to aide them yet. If there's a will, there's a way. And I am sure that people will eventually find a way for the disabled ones to use the technology without any worries. It's a radical opinion but I don't think that blind people not being able to use bitcoin or the technologies associated to it isn't reducing it's popularity.
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To answer the title, yes it can resist inflation because it keeps up with it, remember that the world is experiencing inflation every year so we can witness that bitcoin can and does resist inflation. Plus, what's the point of bitcoin being decentralized when it can't even resist inflation.
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I understand how you can understand the relationship between Bitcoin and human civilization. If human civilization did not exist today, this bitcoin would not have any importance or dignity.The only reason we see Bitcoin today is because of human civilization.So I think that if there were no human civilization, there would be no existence of this bitcoin today, so this bitcoin and human civilization could not survive without each other.
Also, bitcoin was born out of necessity, remember that the initial purpose of bitcoin was to be used for transaction and eliminate the middle man that is the banks. Remember that necessity is the mother of invention so the reason why there's bitcoin is because we see a need for it. Also, it's just a part of us as a civilization, there are more wonders that surpasses even bitcoin.
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First factor is probably the supply and demand of the market, this basic economic principle is the main reason why the price of bitcoin is going up or down. It can also mean buy and sell, when there's less people buying the prices go up but if it's the opposite, the prices go down. Second factor is probably the events that are remotely crypto related, it can affect how the people feel about the market, look at the time when there's a lot of ICO scams, people were scared that bitcoin is a scam too and so the market plunged because people started selling because they're scared that they will be scammed.
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Of course not, that's why it is called government it needs to govern. People voted other people to govern their society if the crypto replace the government then there's no one to lead us or govern us and of course it would lead to chaos, so people should stop thinking that crypto could replace the government or fiat since it would be impossible.
Exactly, and it's not like crypto is the panacea for the problems that will be left behind when the government is removed or deposed. Plus, there are limitations to what bitcoin can do when it comes to solving social and political issues, can it defeat the corruption? No. Can bitcoin solve the rampant violence against women and children? No. Coincidentally, the government can probably solve those.
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Cause there's no reason to oppose it, President Fernandez sees what other countries don't see which is the worth of bitcoin in terms of economic and social contribution. I do hope that these vision of him don't stray far away when he steps down someday and his predecessor should be able to continue or improve it. I think Argentina is going to be the second country that will officially adopt bitcoin and hopefully more countries including their neighbors in the Latin America would go on and follow their footsteps.
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almost all countries prohibit the use of cryptocurrencies because cryptocurrencies are not taxed and also cannot be traced who the wallet user is so that it will be detrimental to countries where cryptocurrency can be used as a tool for money laundering which is the most difficult to trace and even almost impossible to trace I think that a lot of us would agree that it's not the way to go, I mean you can easily tax those users if you want to. Countries have their own tax bureaus right? I am sure that when someone gets a lot of money each month, pretty sure someone will eventually notice plus banning won't get you votes. What do you mean that it can't be traced? Dude you are so out of touch, FBI can already track people who use bitcoin to evade taxes so it's easy now to tax people that are involved in crypto
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This is bad, Singapore is a good country to be on the good side of crypto, it has a stable economy and it's one of the richest country in the world and a ban on usage of crypto in there is going to be bad, hopefully it doesn't come to that because with the new technology to trace cyber crimes, hopefully it will deter cyber criminals.
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What's interesting is that these things are banned by China, but Chinese encryption enthusiasts are very active. It's just that the Chinese government doesn't want to apply the things that it can't control widely in their country, so it chooses to ban it in China, but Chinese citizens may not think so.
Yeah no shit, they're banned in China, that's in the title already so thank you Captain Obvious. I don't believe your claim though, that crypto enthusiast in China are active, do you have any data to support that claim? Also, their citizens are alright with this, they are a lost cause because they've been drowned in propaganda already.
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Don't be dumb like Simmons! He may be a great bass guitarist but definitely not an investment advisor. So don't listen to him and follow the traditional way of investment - diversify your portfolio! There's nothing to stop you from investing in bitcoin and gold and stock simultaneously. So never go all in with a single asset.
It's a good practice to always diversify your investment portfolio. Have every possible assets in the portfolio. If you are bullish about bitcoin, give higher percentage to it. But never ever go all in. That might be the dumbest idea you will see!
That's what I thought too right away because of the title, going all in is going to be dumb especially if you don't exactly know what you're getting into. I don't necessarily agree with diversification though, I feel like at the first stages of investment, it's important to build a strong foundation so investing in only one crypto that guarantees a growth is the first step.
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