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I'm not going to do. The situation after August 1, be sure to stabiliziruemost and all who sell their coins will regret it. The same situation with the dollar. Many people want to abandon it, but if you do it right then the price falls and you can stay without money. In order not to lose your money I until September I will not conduct any transactions, and then I'm sure all that will, as before, but the price of bitcoin will rise.
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Poverty is a natural part of human society. Can't all be equally rich and equally happy. But the poor are different, too. There are those who simply do not want to work and for him to comfort enough not to die from hunger, and there are those who are willing to work day and night, but no decent-paying work. For such people, bitcoin can help to get closer to the middle class, and that's good.
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This article have missed to cover about low fee newbies used to put to save cost on payments leading unconfirmed transaction for many hours. That will make them panic about bitcoin and they will start blaming bitcoin network for it and some may even opt out from the idea of using bitcoin again.  Beginners are always enough coins and therefore any savings is substantial. It's worth it to wait a few hours or even days. To pay a single transaction some of them have 1-2 days to click on the different taps. |
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Perhaps it is too optimistic forecast. It has long been rumored that the government will start to legalize bitcoin. If we assume that it does happen then the demand for bitcoin may increase and this will cause the outflow of investments from altcoins that will lead to a drop in their prices.
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The biggest fear that many will have is how do we use this currency in regular transactions, like for some fruit, veggies, plumbing or a beer.
So far this seems like an easy issue to resolve. The technology is there, the apps are coming along and there are a few sites that offer auction style sales. The wallets are there and all that is needed are localized people to help local businesses.
The last step is the education. Anyone have good ideas on the best path of education on applicable purchases using bitcoin?
not just education, we need approvals from each of government because so far government still control the economy and without their permission, we can use bitcoin to do regular transactions. but if bitcoin is approve in many country, i am sure that slowly there are many local store will accepting bitcoin as payment. and if we are see in japan, there are local store accepting bitcoin and people in japan can use bitcoin to buy something in that stores. There are few country right now are accepting bitcoin locally like you said in japan bitcoin are use daily that i think it can grow more in the future.. Not only in japan that bitcoin acceptable locally i heard that paris and brazil are bitcoin are accepting bitcoin locally.. and i hope that our country will be also include to be accepting bitcoin as payment in my country.. It would not be bad, but please tell me who wants to pay bitcoins. Almost all people hold the bitcoin in reserve as deposits. They hope that he will grow in price and they'll suddenly be rich. It seems to me that now just not wanting to spend your coins even if the government be allowed to do so. |
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Bitcoin will not save Greece. Bitcoin is a way to earn for those who want to work and doesn't have enough sentences. The Greeks are lazy. They used to not work and thus have high income and many different benefits. They nobody will give you bitcoins credit, and earn they do not want. It is better to ask for loans in Euros.
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Countries with commodity-dependent economies are usually poor. This is not only because those in power are thieves, but because the raw material is too low value. For example you can pounds mine diamonds, but one beautifully crafted and advertised a diamond will cost more.
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I am against loans. Even if you borrow proven and good man where is the guarantee that he will earn the money to repay you? That's life. Leave that to the banks. They have the ability to take collateral.
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I think it's an excellent idea, or you can do something like this: Buy up smaller properties to rent out and use the rents as your passive income then you can globe trot and when you are ready to settle down in one place you can buy land and build a nice smart home, passive, off the grid and Eco friendly.  You are make me dreaming friend ! I wish someday I could have fullfilled this dream thanks to Bitcoin. Some people say it will reach as high as 50 000$ per bitcoin in the coming decade. If so I will have it ! If bitcoin will be worth the money in the world is not enough houses. Imagine if each of several million owners of bitcoin will begin to buy their own home. Or home runs or the house will cost $ 50 million. |
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This is a very good possibility, but it still creates problems for users. I think that will ever be possible to create a multi-currency Bank cards that work all over the world and translate bitcoins will be straight from the e-wallet.
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I do not trust bad rumors and reviews about Bitcoin. I keep my coins and calm but wait for the price to rise so that I can finally fly to the moon  Probably because you think the majority of people, and so for the past two days, we can see a stabilization of prices and even a slight increase. It is said that those who spread rumors about the disaster on 1 August has not achieved its goals. |
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Price fluctuations in a wide range can be stopped only when the number of coins in the hands of speculators will be much less than the coins of the common people. When will the bitcoin economy with trade in goods and earning coins jump stop.
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The premise of this theory is wrong. How is it even possible for an entire country to abandon their jobs and focus on bitcoins? What will happen to agriculture, construction, banking etc all very important to their survival?
In a country like Zimbabwe it is highly unlikely because of lack of electricity. Urban cities have outages too. The internet infrastructure isn't there, and where will the poor people in rural areas find the funds to buy smart phones or computers they cannot even power?
Your arguments are really convincing, but you did not mention the fact that in order to speak about the circulation of bitcoin as a currency need to have it all. For example, if the food retailers won't accept bitcoin because they're used to Fiat that will eat the users of bitcoins.The economy of any country cannot work with two currencies. |
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In our country, the economic situation is very bad, because the state does not care about its citizens at all and the budget money is used not for its intended purpose. Well that there is the Internet and digital currencies that help to earn.
This situation occurs in many countries. The situation is slightly better in States whose currency is used by other countries for investment and protection against inflation, but it only postponed the debt that someday will be a disaster for the economy of these countries. |
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Hello dev when will we get a share for Twitter and Facebook? Thank you
Why are people so impatient? If you are investing that patience is the main quality of any trader or investor. A promising new project and when a project of this scale can always be delays. Sure it's only temporary. |
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Sir Yahoo if there is an available slot for me then please change my rank. I received the rank of Member.
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The recognition of the currency is an agreement among States on the recognition of property claims. The currency of another country is its assets. In the event of a problem with bitcoin whom States can claim? No it will not.
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I don't think so. Bitcoin will not replace dollar, but in my opinion bticoin will replace gold as soon as posible I don't think also because the dollar was used as a currency in other countries especially in abroad. Maybe it will replace in a few years but it would be possible. Yes, maybe it would replace gold soon because Bitcoin also is like similar to gold. If this would happen, gold was neglected and bitcoin will be identified in other countries. All opinions are possible if the government approve this kind of situation. I want to address that dollar is used only to places where dollar is their local currency. Foreign countries rarely accept dollars. Want proof? (This only applies if your local currency isn't dollars) Go outside and try paying with dollars. The cashier will probably just laugh at you and pressure you into looking for a place to exchange your money first. You will be forced to pay with local currency. I also want to address that bitcoin can never replace gold. Gold is valuable because of its physical properties and bitcoin doesn't have any of those. Bitcoin isn't metallic. Bitcoin isn't shiny. Bitcoin isn't used as a hardware part of electronics. You are right only half. If you will be buying goods for dollars that will really laugh sellers, but any Bank will exchange dollars for local currency. In countries where most inflation people take on the role of the banks and therefore there is all the hands have the dollars and you are willing to sell any goods for dollars or change. Bitcoin is still too young to compete with the same kit as the dollar. |
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If USD will fall then world economy will face a deflation at a certain period, because of having much importance of USD in the world economy it is playing a balance role in every aspect, that's why most of the fundamental goods and services are measured by the USD.
So falling down of USD will not a good sign for the financial condition of the developed countries specially in the continent of America...
I think otherwise. The dollar is the reserve currency and almost all governments of the world have a strategic stock of cash dollars and shares in American companies and banks. If the dollar falls there will be inflation. The economies of all countries will lose their reserves. |
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I think true bitcoin for now can reduce unemployment
Many in the developing world of unemployment who rely on bitcoin for employment.
That's for sure, because now there are many real examples of people who use bitcoin, and now become successful. Well, they used to be unemployed people who did not know what to do, but when I got to know bitcoin, I guess they've opened up a great business opportunity. What business opportunities opens bitcoin? I think you really exaggerate the importance of bitcoin in today's world. Of course the potential in this currency hidden large, but in order to apply it we need a lot more time. Unemployment bitcoin also can not win, but to earn extra income. |
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