Early adopters might have never thought of such dreams of being rich through bitcoin or other digital currencies, but everything got changed in a short time with its out broken growth. Now these day bitcoin adopters thinking of being rich through bitcoin is a hard task because now earning requires lot time compared to those during the early days of bitcoin's existence.
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If the user needs to be in a technically advanced manner along with good earning possibilities then need to have all the money in terms of bitcoin. In my view the price attracts common man who is not able to use the computer. For this reason cash is always in need. So in a ratio of 6:4 or 4:6 upon the user preference towards bitcoin and cash can go for a good decision.
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Hi there, I need to buy btc with credit card but I have a problem I can't use the 3D security. I can verify my account with almost everything only without the 3D, it seems that now everyone uses. any suggestion? Thank you
Even without 3D security features users have got increased access for bitcoin buying. Possibly even without such security services the different trading and exchange websites helps buying easier.
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Quite true that weak hands always loss being panic, actually it was the good dip to buy cheap coins when FUD was around about chinese banning bitcoin. Created by whales just to shake few small hearted traders to grab all their bitcoin holdings. I had bought few on that panic dump below $700. That's the best way of making profit. During the price increase and decrease people often get panic with the price movement. One who gets good learning about bitcoin with its true potential won't panic even if steep decrease happens after price fluctuations.
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Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?
Yes.Any new government regulations can hit the cryptocurrency market. Bitcoin and all the other altcoins are very vulnerable to such risk and this stops the mass adoption of btc. Fortunately bitcoin is still small (only 10 billion USD market capitalization worldwide). Though bitcoin seems to be small compared to the dollar, it had grown to such a level in a very short term as well got very huge adoption. Dollar to reach such status took large number of years. So when bitcoin survive more than 100 years the capital in terms of USD will be uncountable.
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More than half of the users who were using bitcoin right now due to its increased price which is not achieved by any of the other digital currency that 've got existed. Even now if some other digital currency comes with a much increased price easily gets the attention of users.
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As most users voted bitcoin is much used by the people from the age group 22 to 30. The reason is because people at this age group were in hard need for money as well have much interest into digitalization and advancement.
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very difficult to guess the actual bitcoin users, since users always increases and decreases in each year. Well, bitcoin really give interest to users and to prospective consumer so many people are curious about bitcoin. well, so I guess more than hundreds of thousands of new people using bitcoin in every year
As quoted by the above mate its really hard to predict the realistic number of bitcoin users but regularly the price increase is making more user profiles. Possibly over the falling years bitcoin users around the world is expected to reach 5 to 10% of the entire population.
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Asian countries might have got less adoption to the digitalization and the use of bitcoin. As china has got more mines compared to other countries help get the attention towards bitcoin. China's influence is highly required as it is in a state to generate the country's own digital currency.
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In my view bitcoin to fiat seems to be the better trading method for beginners as well users who have more knowledge about bitcoin, because to certain extent we can make some realistic prediction about bitcoin price which is not much possible with the other altcoins.
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Nothing seems to be a best or worse time for buying bitcoin. Even buying at big price gets a small earning, so its better to understand the uniqueness of bitcoin and predict the price and make a buy than going upon some others strategy and buying.
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Doubling of the quoted amount is possible, but the risk gets increases upon the time fixed for reaching the targeted amount. Secondly if it has to be reached in a short time then gambling is the only hope else try with other forms of trading and making use of fiat and bitcoin into different business. Second form of earning needs lot time to get the amount doubled.
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Before Cloud mining sites last long but now they are quickly turn into scam. This began After Halving how sad. Is there no legimate investment site this days ? cloudmining websites have been scamming for as long as i can remember. its just that they reveal the scam a lot faster now. also dont try to invest bitcoin online, bitcoin itself is an investment. That's the truth, bitcoin itself is a perfect investment compared to most other investment availability. Also bitcoin as a form of digital currency gives earning similar to the earning got from investing with its price variation happening at certain time intervals. On this account its better to have the bitcoin into your wallet than losing through some scams.
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When acceptance and adoption of bitcoin increases, lot changes in the form of earning accessibility and the value of bitcoin will be experienced. The present young generation can have a self survival if they have good knowledge about bitcoin and other digital currencies.
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Bitcoin as a digital form of currency has got more acceptance common man. People started using it as an earning source as well a good investment rather than using it as a currency. Now the profit making is getting shrunk. Right now only way to get some good earning is with trading and gambling which has the highest risk involved.
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The train is leaving the station. Even though it is a bumpy track, we are accelerating!
The big question is: when to cross the magic 1000 USD barrier?
My guess: 3rd of December 2016
Dec 3 seems to be much close to experience $1000, with the ongoing increase price might reach $1000 by the year end but won't sustain long. Over the years to come price might get a standard value which won't fall beyond certain limit.
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You should have just saved that 1 bitcoin. The bitcoin price has spiked this month early. ICOs are not always the best option to go with. Sometimes bitcoin itself can be a great investment, and provide you with a great stable income for doing nothing Yeah. At times bitcoin gives good earning without doing any work due to the fluctuations happening with the price. ICO has gained good trust from more users but it was not in a state to consider as a investment similar to investment made through bitcoin. Possibly scenario might change when more and move people start using digital currencies.
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Bitcoin as of now feels more like property than currency.
It is sort of an investment that you just sit on and then cash out when you want to.
Not as much purchasing power with Bitcoin on buying goods.
As described bitcoin as a form of investment has got similar features to property as an investment. Property grows in accordance to time. Very rarely investment on property gets failed or ends up in loss. Same is our bitcoin which is unpredictable and most of the time rises in price compared to other forms of investment.
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Bitcoin is not regulated but real money is a legal tender regulated by the government. There's actually a lot of difference but I only state what is important here. Bitcoin is decentralize while real money is centralized. Big difference.
Decentralization is the major factor that differentiate bitcoin from real money. Next is the usage, technically advanced people can use it but real money can be easily used even by an illiterate. On account of such factors bitcoin takes lot time to reach an acceptance similar to real money.
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In our country people were not much aware about the bitcoin existence. So right now its hard to find bitcoin ATM's around my locality. Traced Bitcoin Atm but haven't got the chance to use it.
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