This's all, the effects of human negligence itself anyone cannot be separated from it including the slightest thing. A lot of users are in that situation,where they either forgot the password or the wallet seed or simply do not know where you have taken the back up of the wallet and in my opinion around a million bitcoin are lost forever and the majority of the coins are from the beginnning as it was easy to mine the coins.It is not possible to get those coins and no one can help you in recovering those.
That is right, there are definitely going to be victims like this in every revolutionary invention like that of bitcoin and the blockchain since many will doubt from the start whiles the few will stay with it and profit later as the technology evolves and so he's not alone as there are several others that have lost bigger amounts of bitcoin and it's a lesson for us all. You are right if he wants, maybe he will be given a chance to be more successful than ever. Unfortunately, the amount of btc he got may not be what it used to be because the number of bitcoins is getting lower and lower.
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I think that it will happen all the coins produced from the miners will be lost or destroyed along with the disappearance of bitcoin, and at that time the banking crypto will survive, for example Ripple. Because, as far as I know the Ripple mine there is none.
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Bitcoin is like digital gold ........ is it correct? It is a transferable asset but not duplicable ..... do you agree? What are the points in favor and those against this statement? I would like a very analytical and specific arisposal.
That's right, and I agree with you OP. Because it's in accordance with the nature of bitcoin (the initial design of bitcoin), but has a volatile market value (bitcoin values may vary from time to time). With more than one ounce of gold today, and in its wholly digital form, bitcoin becomes the currency of choice for investors around the world to use as an investment asset. With value more than an ounce of gold today and in its wholly digital form, bitcoin becomes the currency of choice for investors around the world to use as an investment asset.
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Many media say that the age of bitcoin will reach 2140 if it is true until 2140 then of course I choose to save "in the form of bitcoin" because I feel confident at that price bitcoin will be more expensive.
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As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services. we should know. 1.what challenges are facing bitcoin? 2. how we can prevent it? 3. how we should face those challenges?
If in review of some aspects, Bitcoin has problems among others, namely :Not effective for small transactions. Transactions on Bitcoin are not Instant we still need a third party (online wallet). Scalability issues. Security Issues because it's more easily stolen as the EU government says. Prevention: Maybe this is the task of " Bitcoin Developers", because he may know better than us how to solve it. Bitcoin's often misused by its users, namely :Potentially large, the occurrence of money laundering scandals resulting from corruption. Crime. Avoiding taxes. Prevention: Required KYC performance
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Toward the turn of 2017 at that time, Bitcoin's price seems to try to touch $ 20.000/BTC strongly. That achievement, far beyond what many had predicted in the previous year. Local and international media were amazed to see the world stage crypto at that time. Seeing so rapidly the movement of Bitcoin prices in 2017, then along with it policy-makers in various countries also seemed to start itching and restless with the real conditions that exist. In addition, there are many (many) people who predict the price of Bitcoin will continue to rise in this year but some are predicting that Bitcoin will go down. IMO, Bitcoin's name will still be king. In 2018 the name Bitcoin will soar. According to analysts' predictions that the soaring name does not coincide with the price per coin that continues to decline. Moreover, there is a hard fork issue is sharper. We can say that the king is bitcoin, because. Remember when bcn was forked from monero , the price of monero has go to the moon , so i think if there is a hard fork of btc , also btc will go to the moon also the same thing has happen to eth when etc was forked from eth , we have see an increase in the price of the ethereum , so the hardfork and segwit are positive things for the future of bitcoin!
I agree with you. SegWit's, these are pieces of code that are injected into the bitcoin program the results of this upgrade will help more efficiently in verifying every request both time and fee.
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In the world of cryptocurrency, everything isn't that difficult to run and easy to do we do not need a third party called "Accounting Services" because the business of cryptocurrency can be done anywhere and anytime, even if only with a Smartphone.
Until now I have had some tokens from ICO, I have not sold anything yet instead of waiting for the right time.
I will pay taxes if the government can give a sense of security to us of course as a crypto user in the country.
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In this modern era, news of suicide's no longer something that's rarely heard. For me suicide is a sad thing, stupid and embarrassing. Rumors Google and Facebook, which had previously banned the crypto ad didn't seem to have any adverse effect on crypto users, or they may fail with the ban which he says will come into force from next June. Over the last four months, Ethereum has faced many problems in its development process, and May 5, 2018, Ethereum begins to show its fangs in the market rising from a downfall that has paralyzed the entire crypto even Ethereum is the first coin to rise before bitcoin and this increase is finally continued by the whole the coins below it like Litecon, Bitcoin Cash, and others. I invested half of my saving ($25,000) into ETH when it was $725. ETH has now plunged to $459. I am very worried I will keep losing money and I fear for the worst. I want to go kill myself $ 25.000 you will not just disappear everything will be back you have to be patient on hold it, and believe me the Ethereum price will definitely to grow higher by the year.
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Week #1 retweet: tweet: Week #2 retweet: tweet:
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During the new year of 2018, many of us Bitcoiners have resolutions to make our capital and Bitcoin holdings grow. Most will hodl onto their coins for the long-term until Bitcoin reaches an all-time high that would satisfy their goals. Other will sell their Bitcoin when they start to see prices falling below their targeted goal.
One thing for sure, is that 2017 has brought us many exciting things for crypto land. Bitcoin and rest of altcoins in existence have risen in value exponentially over the course of the year. Now that 2018 is in its very beginnings, I would like to know what will you do with your Bitcoin (either hodl, buy more, or sell) and will the pioneer cryptocurrency rise further in price?
Throughout the year 2017 can be said as the years of widespread "dialogue" bitcoin and cryptocurrencies in general both from the local to the international level media and many other significant events which accompany its dynamics. During the period of 2017 bitcoin price travel started at a position just below $1.000 up to touch $20.000/bitcoin. Of course, this's really fantastic given the dynamics of bitcoin in 2017's also still difficult especially when how the bitcoin scalability debate's quite thick and peaked in that year. That achievement far beyond what many had predicted in the previous year. Whenever you just hodl your coins over the course of 2018 or sell them, Bitcoin will make many more millionaires. What are your thoughts? It is true that this fact is in the field, all because of the speculative bitcoin value, no matter how bitcoin accidents occur, but in the end it always grows at a new higher price.
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would the bitcoins still be valid for transactions?
Bitcoin old and new will have the same value, so far I know bitcoin does not have "Expiry Period" during circulation is still ongoing and can be used as a tool of transactions both for trading and investment.
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I believe that a huge portion of the the crypto community are still young college students that don't have any necessities that need another source of income aside from their scholarships / the money they are getting from their parents . And apart from spending their cryptos on either betting or purchasing goods/video games from online markets , many of these students didn't make plans for what they'll do with their coins in the future. I myself have had many thoughts about hodling and launching a business as soon as i graduate with the coins in my possession , yet i'm not exactly sure what i'll be doing .. So i'm really curious about : - On what do you spend your coins apart than partying/gambling/paying for tuition loans ? - Do you have any future plans for your coins if you are hodling any ?
Yes, I have a future to plan for as people have said above especially what Mr. Sinecoin says about Home and Vehicles both of which are my dreams which I will prove at a later time exactly when bitcoin prices reach their peak.
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I strongly believe If the performance of Binance as the best and most comprehensive exchange site this's irrefutable as you say. Along with that, another important advantage of Binance's having its own coin called Bnb which is solely used to pay transaction fees on each trade.
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For those of you Bitcoin owners what are your plans in these circumstances?
As someone who's optimistic I would recommend you to Hold because so far Hold this was the right strategy to invest any money in bitcoin also an important part to make a profitable trade though this was not entirely true. Because IMO the right strategy's the strategy that can applied accordance with the current trading conditions.
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my worst case ever i did because 2018 will be the NEO momentum.
Neo is among the best and most reliable coins in its growth, as the demand for these coin has never decreased over time, and this coin has also been rumored to be killing ethereum this year. Honestly, although I do not trust 100%, this's very likely to happen, because Neo is the only coin that gets full support of China government.
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Will the bank disappear?
No! the bank will continue to exist because the banks are one of the financial power for the economy of a country which facilitates the activities of the society to save money, in terms of commerce and for future investment. Actually, bitcoin isn't threat to the banks if banks are willing to implement bitcoin into their banking systems I'm sure the bank it will make a profit.
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"I would oppose bitcoin if there was an easy way to do this," said Bill Gates, co-founder of Microsoft Corporation in CNBC's Squawk Box, on Monday, May 7.
I've seen or heard what he's said I can clearly capture what he means that Mr. Bill Gates's well aware of the greatness of bitcoin, that bitcoin's very hard to beat. But eventually from his defeat Bill Gates ramble is not clear and little spread FUD.
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Thank you Nexybit. Payment has been received.
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The question itself is the answer “PANIC”.
Things like panic selling may become commonplace in some trades, particularly in the trading of crypto currencies. Being accustomed, so many Traders and Investors who then consider it something that is commonplace and does not have a significant impact on the trade especially as long as sales can enter, then the business is complete, would there be panic or not perhaps most of us become unconcerned. But it would be nice if you do the planning, good control, calculate the profit and risks.
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Most altcoins are expected to replace or repair one damaged bitcoin component, and it will appear every day. However, some innovating altcoins experiment with features that bitcoin does not offer, but entirely, altcoin functions better. How do you choose Altcoin...??!
Avoid coins that are full of promotions or sweet promises, that the community can multiply the coins easily. Take your time, to monitor coin development. Make sure the altcoin you choose is listed on the exchange. They have to have a solid developer behind them.
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