In my last post, I was asking why the Blockchain technology isn't adopted as fast as we suppose. I got a lot of replies which did not only enlighten me, but also enlightened others. It's cool to have lively people here. In this post, I'm asking a simple question. Since we've come to understand that some people consider the Blockchain technology and cryptocurrencies to be scam and some other stories, what have you done to help promote the Blockchain technology and cryptocurrencies? How many people have you introduced them to? How active are the people you introduced?
I am a college student and during my last year i had to present a project on a topic that aims to change the future and if succeeded the college would fund you to create it, and so my choice was without thinking about the blockchain technology and how it could change they way we interact and do transaction with each other and during this presentation i presented a suggestion for the college to replace their database with a blockchain network to make the process easier for the students, the idea got accepted very well and currently me and a couple of my mates are working on creating this network.
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We all learn from our mistakes, and when it comes to bitcoin it is no different, from panic selling to forgetting private key and to send bitcoin to the wrong address it all happens twice and than you learn from it so you don't do it again, and to be honest these things have been simplified and made easier by wallets so mistakes like this don't happen where they auto copy the address or using a QR code, if not than that is why forums like this exist so that you learn from the mistakes of others so you don't do them yourself.
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For me the whole reason why i like bitcoin is because of the anonymity, to be able to do whatever you want with your money without having the government set you how much and how you spend it or some bank blocking your account for no reason is what make bitcoin so good and it is why it was met by a lot of support from a lot of people, and if you think that tracing you transaction is a good thing than why are you using bitcoin while you can just use paypal or regular cc.
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Just to be clear all the people who have made a fortune or a sizable amount from bitcoin haven't started yesterday or last year or whenever the price started going up, they have invested and supported bitcoin since the early days,they stayed with it and believed in its cause though the bad times and the good times, so if you say that you made a mistake when you invested in bitcoin just because of a minor set back than this is not for you, bitcoin requires patience and a nerve of steel and if you stick with it it will reward you.
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I fell that bitcoin has revolutionized the we we think and the vision that we all have for the future, we all know that the constant technological advancements that humans are looking for are what shapes our present and our future in order to make our lives easier or to improve it, and ever since bitcoin was created we started talking about a new area where we don't use physical money in a secure and uncontrolled by the government way, a new network that connects people and let them interact with each other without the need of any 3rd party through the blockchain technology, and for that reason i think that even if bitcoin is not going to be the currency of the future it is setting the stone for the future.
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To be honest lately a lot of statistics and from what we have seen, Africans are showing more interest from others in the whole blockchain and cryptocurrency technology, a lot of projects ans new ideas that are using this technology are being created by Africans, even governments are showing interest in it and using it in their systems, and this is a very interesting thing to notice, as more and more African countries are showing great growth and development and i am sure that they are going to prove themselves to the world.
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Seven most imminent trends everyone should get ready for in 2020 by Bernard Marr. Blockchain technology too got its place secured among the list. - Artificial Intelligence as a Service
- 5G Data Networks
- Autonomous Driving
- Personalized and Predictive Medicine
- Computer Vision
- Extended Reality
- Blockchain Technology
What you all think of these with comparison to the blockchain technology. Each and everything mentioned were completely associated with the technology based development and someway each gets associated with the other by some means. Source : The 7 Biggest Technology Trends In 2020 Everyone Must Get Ready For NowI think compared to all the other technologies blockchain should be on the top, the reason is that if you look at all the the other you will see that they are only concerned with a specific field where blockchain is a revolutionary thing that can change all aspects of our interactions with each other and the world overall, from finance to medical to network ect...., and that is hwy i think it should be seen as a revolutionary thing and given the attention it deserves.
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I think that regulating bitcoin or any other cryptocurrency is a very difficult matter and leads to a controversy, because on one had we have the reason why they were created and that is to escape any form of control and just be your own decider of how and how much you do with your money, and regulating it defies that whole idea, regulating and controlling bitcoin transactions is also not an easy thing to do if it is even possible that is why people on the dark market use it to buy drugs and guns and other illegal stuff, we can never know here the transactions are going to end up, either for good thing or bad things and that is in my opinion one of the challenges that we face with the regulation of cryptocurrency.
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I think that Libra is going to be a centralized currency that is going to be heavily controlled and moderated by Facebook, where bitcoin is decentralized and its network is controlled by the people using it, to me i think that Libra is just an attempt to make money off of the cryptocurrency trend that has been going on for a while, and they are hyping it up and selling false promises to get more investors, and it might just end up as a thing that no one uses, but never the less it might give enough boost to the crypto seance and the bitcoin if it was to prove to be somewhat of a success.
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Considering how bitcoin dominates more than 50% of the crypto market in terms of everything, i always think that bitcoin is always going to be a better investments than all the other cryptocurrencies in terms of value and profit, i don't mind investing in the other coins but i always prefer to put most of my money on bitcoin, and to be honest if you really want to maximize your profit you should consider investing based on the trade volume and the time, and right now i think you should move most of it to bitcoin.
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If you really want to maximize your profit and not get confused on what to invest in that i say in vest in both because both of them have really good potential, but if you really can't invest in both of them than you should just go with the safer option which is bitcoin, which you can never go wrong with it on both long term and short term, but when bitcoin rises so does ethereum and so if you invest in both of them you get best of both worlds, and etehreum is also has a good potential to be a great cryptocurrency and rise to high prices.
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This is not true, including to some articles and based on what i have witnessed over the last couple of years, the blockchain technology is one of the fastest and well spoken technology that is being adopted out there, and when we talk about blockchain we are not just talking about cryptocurrency we are talking about a whole new system that connects people, and every now and than we hear news about banks, companies research industries trying and testing this new and growing technology, and this is just the beginning.
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If one thing that bitcoin has tough us over the years is everything that you think is impossible is possible, none can forget back in 2017 where the price skyrocketed and everyone though it will never be able to reach like 19k or 18k until a couple of years where in a span of a month it went from 6k to 19k, the one thing that i can say is that we have been spoiled by bitcoin, just because the price went down a bitcoin people are complaining and losing hope where they forget where we came from, keep in mind that there was nothing major that pushs the prcie this years, but keep in mind that next year with the halving things will change so this is the only chance that you have to invest as much as you can before the price starts ascending.
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To be honest this comes to no surprise as for the recent years and with the raise of cryptocurrency we have seen more project coming from undeveloped countries than from the progressed ones, and this comes from the fact that they are constantly looking for ways to improve their financial state other than the people in the developed countries, but keep in mind that this shows interest and not actual people involved in the bitcoin community, none the less this is a good example to how bitcoin is changing the world
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600k is a big number considering the point and the situation that bitcoin is at aright now, it is good to be optimistic and it is true that bitcoin has shown us and surprised us many times by reaching the once we thought impossible but we also have to be somewhat realistic, considering that next year we have the halving and the Libra coin might push the cryptocurrency industry to rise but i think that we might get close to 20k or 30k by the end of they next year, but only time can tell we just have to wait and see.
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Hi, I’m not sure if I’m posting in the correct category. If someone could let me know that would be great. I recently had a conversation with a person from Tradenix. As I am completely new to this I thought I would search reviews of other peoples’ experience with this company. I cannot find anything that doesn’t seem sort of made up. I did find one negative review but didn’t really understand why it was negative. Does anyone have a suggestion where I could start to educate myself on this process and does anyone of a positive experience with any broker?
The advice that i can give you is to just go and learn about trading from the youtube videos and articles and than make your own research on what coin and how you wanna trade, all of these are up to you to decide and learn, but when it comes to where you should trade i really don't recommend going around and looking for cheap sites that have no reviews, they are usually have bad services and maybe slow transactions which you don't want to be happening in trading where every minute costs you money, so just stick to the popular community approved trading sites where you rarely have any issues.
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In most cases i don't really think that depositing a moderate amount of money is going to be of any trouble, unless you are not being smart about how you deposit like you come in to the bank and drop a case of millions of dollars of course they will have many question and how you got the money, but if you like deposit 10k every couple of moths i don't believe that is an issue, and you should not tell them beforehand because that will lead to complications and you may end up paying high taxes, but to be honost this all comes down to the country that you live in and how the law handles these kind of cases.
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Most of the people look to cryptocurrency as a type of investment and not as an asset, they only care about profiting from it on the short term and that is reflected by the dominance of the bitcoin over the market due to it high value and increasing rates so when people look at the price of bitcoin and other crypto they are immediately drawn to bitcoin because they can get more value from it , and that comes directly from bitcoin being the first crypto that people invested in and supported and altcoins flowing it after a while, this dominance is always going to be the case and won't change as long as bitcoin is still active the only way this could change if the support for other coins starts growing which is very hard to do because they don't offer a whole lot of difference to what bitcoin does better
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No one can really tell the future, no can tell you for sure that bitcoin will be the future or it will represent a massive aspect of everyone's life for the next 10 years anything can happen in that span of time, but the one thing that is sure is that the world is always advancing, there is a constant technological advancements and new things coming out to make our lives easier and better, and if we look at bitcoin we see it an improvement a new better alternative for fiat money, a currency suitable for the area we live in which is the digital age, and for the recent years we have seen the crypto currency concept being tossed around as an option and it has become inevtibale that it will be used in the future, so if bitcoin is not the next world's currency it is defiantly setting things up for future technology that we are all eager to have.
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https://youtu.be/UF528l8fqKk Bitcoin is pretty much already considered Gold 2.0. Is that enough ? Does it still need to become a currency from here on ? Or is it the new "Gold Standard" that other currencies will be measured by ? It is true that bitcoin has come along way from the state that it was on a couple of years ago, even though that it already caught the attention of many people and many investors i still don't think that it is considered gold 2.0 yet, and that is due mainly to how governments are regulating it which is holding many from holding it, so they might invest some money in it and once the price goes up a bit they sell it, they are not comfortable in holding it a long time knowing that at any point they could get pursued by law for it, it is going in that direction but there is a lot that needs to be made.
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