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I don't think that bitcoin is appropriate to say that it is the future of the banking because if you will really see in the market and other sources for bitcoin, bitcoin is more fitted for being the future of the currency and the investment rather than being the future of the bank because bitcoin has a really great type of concept in being a cryptocurrency or a new form of currency and that is why it is more suitable for bitcoin to be just a currency.
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I remember that on 1st January 2017 , the price of bitcoin is about $1000, but now we can see the price is already over $7000. To be honest, that is why some people said this is bubble since the unbelievable rising of bitcoin. However, let us look back upon the history, we can tell that Email subvert the postal industry, Amazon subvert the retail industry. Furthermore, Will bitcoin subvert the traditional banking?
Above is just my personal idea.If you like or not, I wish everyone here have a nice day.
Yeah bitcoin becomes crazy this year (2017) there many big dumps and after awhile it will fly to the moon so high. I think 2017 became the year for bitcoin from $1000 to almost $20000 and maybe will hit that before 2018 comes... I also think that the price of bitcoin will shoot up again before this year ends and it is true that the 2017, is the best year for bitcoin because the price jumped really high in percentage compare to the other year of bitcoin and i think that the year of 2018 will become a good year also for bitcoin and i am really hoping for that. |
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Seeing his progress is increasingly improved in terms of quantity and quality, I am sure that Bitcoin will last much longer and will be better in the future. So it will always record itself as the number one digital currency in the world.
It will last for a longer time for sure because the progress of bitcoin says it all. Bitcoin have a really great community and also the developers are keep on improving bitcoin that will result for the people to trust bitcoin more and to keep supporting it and that might result for bitcoin to be the very first cryptocurrency that is being used worldwide. |
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I think my greatest fear will be hacking of my BTC account.
I am not agreeing with you that your fear is you are Bitcoin holder and you afraid of price go down. In my opinion that is not the intelligent thinking. The master mind peoples are just waiting for that time when price of Bitcoin is going down. That is best time to buy Bitcoin and hold them till the price again reach to its peak. I have no fear about Bitcoin. The Bitcoin is always gives me happiness by providing me the chance to earn a lot of profit. We should not be afraid for the possible dump in bitcoin because that is not a threat for us if we are going for long term holding because if you are really into long term holding then you don't need to worry about since the future of bitcoin is very bright the team and the community is very active to keep supporting bitcoin. |
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I don't think that there is even slightest risk in investing in Bitcoin if you invest for a long time as Bitcoin is showing very healthy rates of growth and you can be sure that you will earn good profits if you wait for some time. Short term investments in Bitcoin cannons a little risky.
That is right. Short term investment are the riskiest way in investing in bitcoin because you are not sure on what is going to happen in the future and it is better if you will just hold it for long term so the chance of the risk will be lower and you can be safe for the possible tragic that can happen temporarily in short term. |
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If yoy are talking bitcoin as an asset then yes it has already replaced gold to great extent. People nowadays happily hold bitcoins rather then gold because of its price and profit.
Gold are existing and gold is very different compare to bitcoin. Bitcoin will not replace the gold because bitcoin is different and i also think that bitcoin is a better thing to hold rather than gold because if you will hold bitcoin then you can earn faster than holding the gold because the gold is just so slow and almost stable. |
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
Some countries does'nt support bitcoin, maybe because their government can't collect any taxes from the transaction that is made through by bitcoin. And they are afraid that their people might use bitcoin in some illegal activity such as money laundering, buying drugs And because bitcoin is a decentralized currency, they are afraid that they can't control the fast-growing nature of crypto world. Tax is one of the reason why they are not accepting or supporting bitcoin because it is such a loss for them if they can't collect or get some taxes for the people who are using bitcoin. I also agree with you for saying that bitcoin might be the gateway for the criminal to do more illegal stuffs and it will result for having more criminals in that country. |
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If people stop buying then there will be no demand in the market and that will just be a idle market because there were no demands that balancing the market so as the supply goes up and the demand goes down then the price of bitcoin will be on a hard dump because the demand was empty and the people are just keep selling.
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Do not panic if bitcoin is dumping because it is a good thing for us because we can now have a lot of opportunity to get into bitcoin because the price of bitcoin will dump and the price will be cheaper than before and that is how we are going to make an entry and we should hold those bought bitcoin at dump price to be safe.
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Not yet and I think it is still early, we will continue to see the rising bitcoin prices bigger, maybe before christmas this year the price will reach $ 25,000 and if we buy now at $ 16,000 is still cheap.
It is not early and if we will base on the phase of the day then we are in the phase of afternoon. Bitcoin is still going up even though the price is very high for the other people and that is the best reason to remember if we are hesitating to buy bitcoin because if we will buy bitcoin then we can have a huge chance to make it grow in a shorter period of time rather than the stock investing. |
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Now and some time ago many governments are banned bitcoin, but this does not have any effect, users continue to increase and prices continue to be expensive, I'm sure bitcoin will be hard to stop by anyone including the government.
It can be stop by the government because they have the power to dictate something and even though bitcoin is fully decentralized, the government can still stop bitcoin because they can dictate their people to stop using bitcoin or else they will go to the jail and that is how powerful the government is but i hope that this will not happen. |
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In my opinion, the price of bitcoin can reach up to 50,000 USD in the future because bitcoin is a very solid cryptocurrency and i think that in the future, more people will get into bitcoin and that will become the reason for bitcoin's price to just spike up high and higher in the next year which makes me feel excited for that to happen.
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I and almost everyone would be surprised by the increase, everyone thought that the price would never reach $ 10,000, but now the price has gone through $ 16,000 even some time ago to reach $ 17,000.
I am one of the proof for that. I am only expecting for the price of bitcoin to reach 10,000 USD but now it is going up higher and higher. The price of bitcoin is unstoppable and i hope that i can still get some bitcoin for long term holding so i can enjoy the view of the moving up market of bitcoin. |
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Which one suits you the most?
Actually I'm using an online wallet that can be offline too. Online wallet for me is the safest way to keep my money and online wallet can help us to transfer bitcoin to real money. You can use a lot of wallet so when someone try to hack it you have a reserve. Many of us are using online wallet because we feel secure to it. Can you tell me the name of wallet which is online wallet and can be offline too so i can use it also in managing my bitcoins because it is best to have a wallet that have those two things because if you have wallet that is online and also can be turn into offline then i can say that you are very safe from any hacking. |
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Bitcoin is not the new currency it can not be destroyed through the people talk bitcoin end or its destruction is not in the hands of the users it is full fledge system and it is managed by the expert people of the crypto currency. for this month bitcoin is well known and high profile currency. it is good for us to keep this money with us.
Bitcoin cannot destroyed because of the negative things that the people keep saying about bitcoin because bitcoin is already immune to the FUDs or negative things about bitcoin because bitcoin already know that there is no much sense to let those thing dictate the movement of the price because now, no matter what is the news, if bitcoin is going up then it is going up. |
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Do not be too naive, bitcoin is still in its infancy. And defeating the world's money is very difficult, they are supported by their respective countries while bitcoin is not. But the opportunity will arrive in about 10 years.
The countries will not accept bitcoin because bitcoin is not that centralized or can be controlled by their will so it will be hard or difficult for bitcoin to get accepted and only countries that are risk takers will accept bitcoin as a currency. Bitcoin is maybe one of the best option to have right now but it is very impossible for the countries to just accept it without doing a lot of investigation. |
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I think it will be difficult to replace bitcoin. let alone replace, if there is altcoin that matches the price of bitcoin will surely happen extraordinary phenomena for the selection of king cryptocurrency. let alone bitcoin is the first digital coin that pioneered of other altcoin.
The first cryptocurrency and the most trusted by the people, the price will just continue to rise because people have already invested and with this currency they will help to develop and more people will use bitcoin to increase demand, once massive adoption will happen, we will witness that bitcoin will be like a normal currency that we are using now. It will not happen, bitcoin has a lot of conflicts that we are currently facing right now because if the developers will not fix this problem then bitcoin will be just an option to use in doing payments and dealing with some deals online. Bitcoin need to fix some problems first before it will be able to be like or act like a normal currency. |
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There are real people here, i think that there is no bots here in our forum because if there are bots then we can see a lot of proofs like the perfect grammar, spelling and also the type of reply or comment in a post which is not happening here in our forum because we are very well regulated.
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As per we can see the interest in bitcoin of people is increasing at a high rate...I believe it will be our future...but will the shoppingsites like flipkar,amazon be able to accept bitcoins?
may be in the next generation.......thanz fr reading
it may can happen where shopping sites receives bitcoin but with fluctuating bitcoin which is mainly more likely to rise it will be difficult to measure the price of the goods from usd to bitcoin. whether the user is okay because bitcoin fee is quite expensive if the measure with usd. Yeah he's right the price is fluctuating, it can go so high and fall down in just a matter of seconds or minutes. Shopping sites will think twice or thrice about accepting a currency that fluctuates like that. and I don't think they will accept crypto currencies.  Steam just removed bitcoin as a mode of payment in their website and that is one of the reason why other people are not accepting bitcoin because the fees in bitcoin is keep on increasing and the volatility just always discourages the other people to get into bitcoin and try to accept it as a mode of payment. So it will take a lot of time before they accept bitcoin. |
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If you are into long term investment then you should buy bitcoin right now because the price might not come down again since the demand is getting bigger and bigger. You should buy bitcoin so you can have the benefits of having bitcoin and you should hold it for long term because that is the best option.
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