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There is no exact amount on how much bitcoin was really lost by the users, but there are a lot of estimates saying that it is around 3-4million coins some say 5million.
If you are pertaining to the total supply of bitcoin, just get the total amount and the amount of mined bitcoin then subtract it and it will give you somewhere near this amount 2,931,687.5 bitcoins still left for mining.
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Well!! Crypto market is quite slow nowadays as a lot of crypto experts predicted their bitcoin predictions
Will Bitcoin Hit Again?
Bitcoins' life cycle is all about going through hard downs and striking really hard coming back hard when its time. Bitcoin will surely hit again when the right time comes but as of now, we can expect no such big pump because what the market graph shows us is a blood bath. |
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This just proves that China is taking blockchain technology and cryptocurrencies seriously, they are implenting laws concerning cryptocurrency. Soon we will see China is a really big country and will really help the whole blockchain technology to gey promoted and be utilized by many other countries.
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The question is how they've done that? Is it exclusive to them because most of us send an average of a couple of hundred dollars at a time and pay more than 2 or 3 dollars Is there any clear explanation on why this "whales" pays such low fees while sending millions of dollars of bitcoins.
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Being optimistic is good, specially when it comes to our futures.
A world working and funded solely by cryptocurrency will be good, all transactions that we usually do we can do it at home in an instant without dropping a sweat falling in line to pay electricity bills. Sending money will cost you less time and will be very convenient because you can do it anywhere as long as you have internet access with the help of crypto wallets.
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People can always believe what they want to believe if you believe that bitcoins price will set back to 3k usd then be it. Spare funds so you can buy more if that will really happen in no time. Bitcoin price falling that low is just a possibilty that does not have even 10% chance of happening maybe not untill the next bull run will happen.
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One bitcoin is really big and also a potential life saver. Specially if you live in country where USD have high rate like here in my country, converting bitcoin to usd then to local currency always give me more profit.
Bitcoin is still maturing and once it is fully matured we can see its true potential.
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So price control is what you are saying in order for the government in order to shut down bitcoin? Let users lose interest and hope in it by dumping its price to below $1000. That will cost the government a lot of money and time in order to do that, not wise for the government.
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Sudden price declines is normal in bitcoin. No one and no country should be blame if there are some price declines that happened. China is always blamed by many people for price decline even though they know that bitcoin is really versatile that this stuff always happen. You should blame the versatility not China.
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To be real there is only one fear that I have in the bitcoin industry. It is security, specially on exchange sites where we use to trade. Wallet security is not that of a problem since there are tons of hardware wallets out there. The main concern is exchange securities, yes you can store thousands upon thousands of bitcoins in hardware wallet but what can you do to make it grow? trade it. And by doing it so you're risking your bitcoin both on trading and exchangers power to secure your funds.
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Never believe a government, they are control freaks and often lie. Whatever China said in the past about Blockchain was to create a platform for its own stable coin. That being said supporting Blockchain does not mean favouring Bitcoin.
This is what makes other people confuse. They are connecting bitcoin and blockchain as one. Yes, bitcoin will not work without blockchain but it's 2 different products of technology. One is a coin and one is a system. |
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Well, just by reading at what you are telling I can pretty much tell it is a big scam. 2 bitcoin for decrypting? lol absurd scammer.
Just troll him, tell him to decrypt first and then let him deduct the payment from what he can get. I'm sure he'll stop talking to you right away.
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China may have contributed in this cryptocrash but they are not to be blamed.
There are still a lot of big factors that may cause this crash. Fud news will be number 1 factor for sure. Why do people always blame china when something like this happen?
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This is the reason why many newbies lose money and hope on bitcoin. They are aware that bitcoin is indeed very versatile but everytime versatility attacks they panic and sell fast without thinking of what good thing is awaiting them in the long term run of bitcoin.
Weak hands = bankcrupt.
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It's already been 10 years since they started this forum, I've been here since 2016 and that's almost 4 happy years with this forum.
Bitcointalk really helped me personally so I'm very thankful to this forum. More power and long life bitcointalk peeps!
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Do you know what the government can do against Satoshi? same as with us. NOTHING.
Chasing him or looking for his identity is meaningless will you receive 1000 bitcoins if you happen to know and reveal his identity no.
The government does not have any interest in Satoshi at all for sure.
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1000 super computers can able to crack the mathematical equations of one wallet but the cost of cracking will be higher than the fund available in your wallet. So simply we can say it is not any danger for it
Blockchain algorithm is most secured option to have in any business as firewall.
Given your statement, You obviously are CLUELESS as to the power of quantum computing. Your conclusion is absolutely wrong, the Google quantum computer solved a 10,000 YEAR problem in just over 3 minutes. Cracking every bitcoin in your wallet should take about 0.3 seconds with a quantum computer  You may not like the idea, it might even bankrupt you, but since when did the laws of physics change because of what YOU thought  Hard Facts 10,000 problems can be solved in just 3 minutes yes sure it's real but I doubt that it will only take 0.3 secs to crack open one wallet containing bitcoin. Bitcoin network is still secured to top tier and will surely even quantum computers will take some time cracking those combinations. |
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Bitcoin or let's say cryptocurrency is being viewed by the government as a threat for people's security and money. So me personally I'm not gonna be shocked if one day I saw some news about crypto ban in my country or even in a different country.
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In my country the cops used to extort crypto miners by seizing their equipment and charging them with "terrorism funding" or some other bullshit. The courts always dismissed those charges, but miners were losing their precious time while their equipment was arrested, so it was cheaper to pay a bribe to the cops and keep mining. But now there's less news about it, and the central bank has softened their stance on crypto, so I assume cops don't bother miners as much as they did before.
Lol poor police in your country charging bitcoin miners terrorism funding. That's the negative side of many police, they don't really understand something and they are free to charge you with any offense specially if you have very little knowledge about laws, they are not afraid because the government will cover them in case of problems sad but true. |
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