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Even we like for Satoshi Nakamoto to come out and introduce himself, it is still not a possible thing because satoshi nakamoto is anonymous means no one knows him and there is no chance for him to show up because it is like opening himself for the life threats around him that can be the reason for him to die because of the killers out there.
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After a few years bitcoin will become antique or even just a memory only because bitcoin is now getting older and if there is no new features or updates to bitcoin then the other younger cryptocurrencies will just surpass bitcoin and dethrone bitcoin from being top 1 to a lower place because that is how the game works here.
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Bitcoin is forbidden in our country, and I admire the people of Japan, who can freely use bitcoin.
I can't imagine what the price of bitcoin would be if every country were to adopt the legal form of bitcoin.
There must be a resolution that bitcoin must be used as global currency. It's starting to have a major run so government should think of it. They must consider the effect of bitcoin to everyone because it is very helpful and beneficial. Many will earn once it has been acknowledged worldwide so it must be accepted. Governments already looked at the effects of bitcoin. And that it has a negative effect because of being used by criminals to buy sort of illegal stuff and then there are a lot of scammers out there. They didn't look at the bright side that's why you will see some governments banning it. We all know that at the individual level its really very beneficial but there are government who are afraid of its disruptive effect that they have to ban immediately. If i were them, i will not ban bitcoin but only regulate it because it is not a good idea to ban bitcoin because of the negative things around it like scams and also other illegal things that have been in through bitcoin, if they want to stop it then they should not ban it but just regulate it to catch those bad people who are making bitcoin to look bad. |
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I don't think that bitcoin totally failed as a currency because it is not look like that for me because bitcoin is just a cryptocurrency which is volatile and also expensive as of now and because of the price of bitcoin it makes the other aspects of itself expensive also so for the other people it looked like bitcoin have failed but it is not.
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Panic selling, obviously. Bitcoin is experiencing the panic selling in the market and that is because there is a lot of FUDs that are around and since the people are so vulnerable to the news even it is fake or not, they are reacting so fast to it without even thinking twice the last thing that is why the price are just getting to the bottom and i hope that this dump will not continue.
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That is the simple pattern of bitcoin and the reason for us to buy bitcoin right now because the price was in the bottom and it is really low compared to the past few months price and it is a good opportunity to stack up some bitcoin and also possibly gain profit at the end of the year because the price was predicted to get up to 60,000 USD this year.
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The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
Its impossible to make bitcoin as currency of a country. Bitcoin is decentralized system and data spread all around the world. Its impossible if bitcoin claim as currency in some country because the decentralize system. I think bitcoin can make economy become better because with bitcoin advantages on transaction, company or people will more eficient on their transaction Bitcoin is not that stable on the price and that is the reason for us to not expect that bitcoin will gonna be a country's currency because if that is possible then we can just see that some of the countries even a small country will just make bitcoin as their primary currency but it is not happening because it is just a headache for them to deal with volatile price for pricing of their goods and other stuffs. |
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Yes I agree it can be just like another business if you were open a business may it be restaurant, casinos, gym remittance center etc. they can use bitcoin as means of transaction, payment, purchase and even sending money...it s just it way of payment can be bitcoin
Bitcoin is not like any other businesses as of now because if bitcoin is a business then where is the owner? Bitcoin is not a business because it is a currency and the developer created it in order to help people to get out from the cage of the inflation and also help them to find a way where they can grow their money and get a lot of returns. |
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yes bitcoin is already use as world currency in illegal and legal way. because some countries already declared that bitcoin will be legal in their country but there are also countries like china ban bitcoin as currency.
It doesn't mean that because they banned bitcoin then it is already an illegal currency, bitcoin is a currency and it is not illegal because it is a decentralized cryptocurrency and all of the types of currency are getting used in illegal way but it is not illegal because the government and other people can't prevent that thing to happen. |
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I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.
Well, bitcoin is design to be like it. You are right we can't blame people. Now we have a new innovation which is what we want but because of those people who are making illegal movements using bitcoin is a problem that is hard to be settled. we cant avoid this kind of person that are here in this forum that making some bad here that they use this for some criminalization but as long as this is cant disturb some of us or all of us here just continue and dont mind them. I don't think we can get those people to go? bitcoin already explained that anyone free to use bitcoin and free use bitcoin for any purpose is a function of decentralization widely right? so from that it makes bad image to bitcoin and there is a lot of financial crime in bitcoin and I think it will not be eliminated it Bitcoin can be used in any type of transaction that they want but they should think twice if that will bring good or positive results or not because if you are a good bitcoin user then you don't want for bitcoin to get into bad or illegal activities because it might damage the image of bitcoin to the people so even though it is decentralized we still need to regulate so we can minimize the negative things to come in bitcoin. |
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if the government succeeds in controlling the bitcoin circulation and succeeds in bitcoin it seems like bitcoin will be a place to play the price game to make the people will fall poor again, I hope the government will not be able to master bitcoin.
There is no chance for them to be in control of bitcoin because if that thing will happen in the future then there is no decentralization thing at the first place because we all believed that bitcoin is decentralized, so if bitcoin is decentralized then government cannot touch it or even dictate it on what it should do to people or what it should act in the market. |
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As for me, bitcoin will survive in cryptocurrency industry as long as many investors and project developers are still interested in doing business.
As long as there are people who are supporting bitcoin then it will last for long and longer that we think. Bitcoin is not that type of stock that can stand alone because it needs a lot of support and also activity in the market and also community in order to have a progress to show to other people so they will also get into it. |
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I don't think that there will be a way for the facebook users to use the coin or cryptocurrency of facebook because it is just a useless cryptocurrency that will be created and we need coins that are more sensible rather than choosing or going to the popular only coins because we don't need popular coins, we need the real and futuristic coins that will help our world to be better.
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The number one cause of volatility is the media because of negative or positive news bitcoin always affected by it just like what happened this january it drops because of a lot of FUD (fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.), events, governments like as always China news about bitcoin, statements of big people who spread negative things (FUD) or positive things about bitcoin to get them a high profit by buying cheap and selling high. Bitcoin volatility is also to an extent driven by large proportions of holders that creates a huge impact when they sell, the price drops very fast. you can read more here https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.aspNews is the real reason of the volatility and also the people who let the news fool them because they are like children that are reacting to the news when there is a news they will go bullish and buy a lot without even thinking because the hype eat their plans out and they are just depending on the trend so that makes their percentage of winning low and made the market more volatile. |
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Bitcoin is my savior. Bitcoin helped me a lot in terms of making money that helped me to get out from being under the poverty line and i am thankful that i got the opportunity like this to make money in this forum and also to learn different things here that i can combine in order to come up with a better ideas that will make best result.
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In my opinion, the strategy of forming a crypto-currency portfolio assumes a grammatic distribution of investment funds between several crypto-currencies. This means that you should thinkfully and consciously choose separately profitable crypto-currencies, separately reliable, and decide what is more important to you - income or reliability.
In building a cryptocurrency portfolio, you need a lot of time because if you do have a lot of time and patience then you can have those two which is reliability and income because there is no good cryptocurrency in the market that is all about reliability without income because all the coins that are in the top rankings are reliable and also profitable. |
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Bitcoin is different form other currencies because it cannot be control or corrupt by anyone its decentralized and you can invest and save from bitcoin its a digital money or virtual money can spend through virtual way..like paying, sending money, purchasing you don't have to bring lot of money to transact as long as you have access through your virtual wallet.
That is right that bitcoin cannot be corrupted unlike the fiat currencies that the politician and other types of people are corrupting it because of their own desires and goals for themselves but let me be clear, bitcoin can still be corrupted but not directly but as a tool for making transactions since it will be difficult for the authorities to find the corrupt people. |
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Bitcoin will become dominant to their country and that means that more users of bitcoin will be born if bitcoin will continue to grow and capture more attention while the banks will have its lesser amount of news users or even they will have a huge decrease on their current clients so if the banks will fall then the government will also have a huge damage to their progress.
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Government and Bitcoin are different because government is centralized and they have the control of their nation because they can just order something and the people will obey while bitcoin is offering freedom because of the decentralization where people can take advantage of and use it for what they want.
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If you are really looking for a safe wallet then go for a hardware wallet because that is the best way to keep your cryptocurrencies to avoid getting hacked by the hackers because your wallet is physical and also offline and it is not like the paper wallet that you can use once because you can use it how many times you wanted to use it.
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