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Sadly to say this most of the people who really hates Bitcoin doesn't even have the time to take what is it really like and the future of it as a digital currency and instead they just want to say what they want to say, but maybe Jamie just have a hidden agenda that is why he keeps on bashing bitcoin since 2015 even if the price of it is increasing without a doubt.
Many people will surely sell because of 'Bitcoins is a fraud' but eventually this will past and bitcoin will soar high again and the people who sold their bitcoin will buy again at the higher price and will regret their decisions, it is a cycle though because history repeats itself.
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The reason why BTC dropped so fast, because of the panic attack sellers in China who didn't want to hold their BTC anymore.
The price will be stabilized again in the next few weeks (Hopefully there will be no more negative news ahead)...
That's not the only reason why the prices are going down, That jerk CEO of JP Morgan Jamie Dimon said Bitcoin is a fraud and it's going to blow up, I am sure lot's of newbie investors heard it and are afraid and started selling, that's one reason for this, I am very surprised that they are listening to bankers in the first place. They care only about themselves. I agree to you that what Jamie said really impacts his constituent that already invested with any other cryptocurrencies to pull out their investments as he is an influential figure to businesses but he already did it way back in 2015 I think and he will keep on repeating it because he is happy with that kind of controversy. And also the issue about the banning of ICO's in China really affects the price of bitcoin aside and some spread a FUD that bitcoin in China will be localize as they will ban the internet there too. |
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Why Should I Choose Bitcoin ??
It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :
1-Quick transactions – Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges – Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments – Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure – As we have seen with late hacks on general retailers’ disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients don’t surrender private data.
5-Much More Easier – Bitcoin is Much more easier rather than we think.Means to say It’s Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !
I don't really satisfied with the point one because behind of all the transaction is always instant you can't listing the transaction in your list because I think that just the common reason and another from that the confirmation making the point one is not correct but that is just in my personality. Yes thats right! bitcoin transaction for me is not that quick as what He think. It is most often think one ot the disadvantages of bitcoin . Because of being delayed most of the time. I can't blame you about the number 1 listen on when in it comes to transaction but it is still fast and quick though it is just that you need to pay a high fees in able to that nowadays, delays are happening when you are choosing a lower transaction fee in sending your bitcoins but if you want to quicken it then choose the next block that still takes you less that 15 minutes but again with a higher fee. I think there is a group of people that really behind this spamming of transaction to the bitcoin network that resulted to much more higher transaction fees but if bitcoin can survive it after the full implementation of segwit then it will be lowered again soon. |
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Hacks will surely destroy everything that is up and running online in the internet and bitcoin is not an exemption with this though but bitcoin is reaching its 1st decade anniversary and the recent years for it was tough but it survived so the next years will be more challenging and bitcoin will become more stronger more than ever to all its aspect.
naysayers will tell what they want to spread and they will do it again and again until they die because they are happy to do it but to those who really believe in what great will happen in the future of bitcoin will surely benefit.
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As we all know that it 2012 bitcoin's value is around 2 digits in price of dollars then now it is more than $4,000 it almost multiply by 285 times in just a span of 5 years then take not that bitcoin is not yet in 10 years of its existence so how much more if the year 2027 comes, I can't really imagine how much will cost of a single bitcoin to that year.
If bitcoin will really grow a hundred thousands or maybe a million per coin in 2027 my thought is bitcoin's fraction in satoshis will increase its decimal places from 8 to 9 or maybe more as the price is so big in owning a single of it.
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I am a chinese, and I am a BTC holder.
This time maybe China's gov will ban all exchangers in the China. Every one are suffering.
But I will say, this is a great gift China's gov offer to the world.
Because the more terrible thing is Chinese gov bans the internet from the world at any time, if this happend before they close all the BTC exchanges in the China, the BTC will heavly split.
And then there will be two BTC network: The world's BTC and the Chinese local-network BTC.
When this happend, If anyone still exchange BTCs in China, The book records will heavly corrupt between China and The World.
many address balance will corrupt, and we can't say who is the Authentic.
Even the satellite tech is one-way download, it is helpless to this disaster.
So if they close every Chinese BTC exchagers in the first, and then they close the internet on the second step,
The BTC world wide network will remain safe and sound.
In what way will bitcoin will be split to a Bitcoin itself and a ChineseBTC, I think the bitcoin developers will never do that even if your government will truly ban cryptocurrencies and the internet, I think that will not happen as bitcoin is a world wide currency and cannot be focus only on a single country, but let's wait then. If what you have will eventually happen I think most of the bitcoin holders in your country will find a way to use an internet and especially their bitcoin holdings or some of them will go abroad just to use their bitcoin, I just can't think of what will happen to those Chinese miners that already invested and they are almost half of the total miners in the world I guess. |
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Bitcointalk username: jekjekman
Language: Filipino
Past work: None, but I will guarantee you that I am really sure that I can do it. Just give me a chance.
Link to your translation: n/a
Will you keep the thread updated? Yes.
Ethereum address: 0x6fB482706c0ca45446b01a14d6cc8854937b0197
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I think he knows that he is an influential figure to his company and whatever he says will matter of course especially to those who really believes in him but what if he just all planned it to get a profit out of cryptocurrencies then he is winning and will become richer though.
He said that 'bitcoin is fraud' and that's what people fear? as far as I know bitcoin is not yet reach the 1st decade of its existence and it already reaches the astonishing value as $5,000 so every business man I guess will be much more interested because they got the money to invest in.
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I just wonder, where bitcoin depends its value/price.
Don't we have the power to make its value higher?
If we have, what can we do to make bitcoin's price become higher?
Let's talk about it here. Maybe we can help each other to achieve what we want in bitcoins.
Yes of course you can contribute to make it higher by using it on a daily basis or when buying goods online that is payable of bitcoin because with that you are helping the economic growth of bitcoin even with a tiny bit of transaction. Even though you didn't do a thing I think bitcoin will keep on increasing in price as it is a good platform and a revolutionary currency just wait for its 10 years anniversary as I believe that the price of it will surge on that date. |
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I don't get why lots of people are pay ridiculous overpriced fees when sending Bitcoin to those greedy ass miners! I've been experimenting with my wallet and reducing the fees each time and have been sending at 0.00005BTC/kilobyte. It only cost me $0.05 (5 cents) to send and I got 4 confirmations in 5 minutes! Anyone paying more than this is a complete idiot. I'm sure that I could even maybe do it at 0.00001BTC/kilobyte and it would get all confirmed within 20mins.
Anyway, let's discuss what is the fees you are paying when sending. What's the minimum fees you've tried?
It is not the miners to blame with this situation of bitcoin transactions right now because they have nothing to do with the price of transactions fees as they are just making the job for the network to function, it is the spammers of transactions that is the main culprit behind this increase of fees. I just sent a transaction of mine earlier this day and I just paid less a dollar worth of bitcoin for the next 25 blocks so it is depends in you in how much faster you want to send your transactions, let's just hope that it will be all back to the good old days when segwit is fully functional with bitcoin. |
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Is that really an issue my friend, I mean does moving a much bigger transaction value makes hard for the miners to work with versus the smaller one?
I agree to you though that there is a real culprits behind this bitcoin's bigger transaction fees because some groups is spamming the network to make the miners loaded and fees higher.
I am happy to what is happening right now though, I just sent a $100+ transaction today with only $0.19 worth of bitcoin to the next 25 blocks comparing it to the last recent weeks that it is more than $3 with that 25 blocks, this is a good sign though.
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Just curious why we don't hear from those early adopters or Satoshi himself much especially when there are major issues being debated that jeopardize bitcoin future. Are they all now rich and don't care any more? Are any of them still active on this website?
If those early adopters really doesn't care to bitcoin itself then I think it will not survive until this day so there are people who still do a certain thing to keep it up and running and that is the people that is also responsible for major changes that is happening in bitcoin. Most of the moderators in this forum is really giving help to contribute to the bitcoin community and they never leave it ever since, I am sure that they are rich though but that doesn't a valid reason for them to leave. |
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Translation Language : Filipino
Previous Translation Work : None but I can rest assure you that I can really do this job.
Bitcoin Address : 18kuYBXAyNZ3TyCJdjVt9fd9sgNZjWiM1v
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Now good time to buy Bitcoin?
Please share your opinion.
Ever since Bitcoin is always at a good time in buying it especially this time because the corrections is happening within the price, it already hit up the $5,000 mark and I believe that it will hit it again any time soon and it will eventually surpass it. I just sent a transaction to my other bitcoin address and guess what my fee is less than a dollar after a 25 blocks, and I think this is a good news for the bitcoin community as bitcoin is getting back to where it have been when it comes to the transaction fees. |
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Sad to say money is money, and it will be used in every way possible even in good or bad it is just to whom it may be use. Actually the last sentence that you have been said is the reverse of it, it is all applicable in Bitcoin.
Let the authorities do what they want to do as the Bitcoin itself will do what is needed to do as it is coming to its 1st decade as a digital money this problems will just past and when Bitcoin will survive it all, it will make more stronger more than ever. What doesn't kill you make you stronger.
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Post counting is complete, payments will be sent out in a few hours. The following users have been accepted into the campaign: djselery
AtheistAKASaneBrain
jekjekman
Bellator
Everyone else has been denied.
The following user(s) have been removed from the campaign: Przemax (Not responding)
Karpeles (Idle)
Netnox (Not responding) Thanks all! D. I already did pm-ed you Mr. Decoded Thanks. |
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If this theory of yours is really true? then so be it as people will tend to learn with this and will be more wiser the next time that this will happen and it is the same goes with the Bitcoin itself also. Bitcoin price is really strong though in my own opinion that it really withstand the issues this week and it still never going back to the $3,000+ price.
If the Government of China is really behind with all of this then I think there are group of people who really pursue telling their political agenda.
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