Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
Bank don't need to be scared about Bitcoin. They could actually associate their program or system to crypto-currency becasue if time go by that bitcoin will be the universal currency or the crypto-currency will be a former currency in transavtion bank system need to update or glance the changes for them to succeed. I think it's natural when the bank is afraid of the potential of bitcoin. because bitcoin has a decentralized system where nobody can control and there are many bad possibilities on the country's financial system if bitcoin is used by all people in that country and of course the bank will become unused Banks surely feared from the cryptocurrency but it is not that big deal for them because they can still have a lot of users in the future because banks already build the reputation that they needed in order to attract more and more users. If banks really feared about bitcoin then we can see them panicking or making the government to ban bitcoin but there is nothing like that as of now so i think that there is nothing to worry about for the banks. |
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Well there is a probability for that to happen but i don't think that it will happen right away. You see bitcoin took a lot of years to be in where it is right now. So i think ethereum will take about a couple of year to take over bitcoin.
But bitcoin is not going to remain static either, in this year many people were predicting that ETH was going to surpass bitcoin in market cap and suddenly out of nowhere bitcoin grew a lot and now there is a huge difference between BTC and ETH and the same may happen again if ETH gets close to bitcoin once again. ETH will not completely surpass the Bitcoin because ETH is just close to bitcoin but it is not enough to replace the bitcoin because it has vulnerability that can be the reason for the people to not transfer to ETH because back in the past few weeks, it has been hacked and a lot of money is stuck so that is maybe a huge issue for the people to fully trust ETH. |
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I don't know any bank accept bitcoin in India any bank not accept bitcoin
This is not just in your country but the same situation is prevailing in many countries, even in the developed countries there is no bank which is going to accept bitcoin at present because banks are working in a direction opposite to banks. Banks are not decentralized but bitcoin is and people are using bitcoin just because bitcoin is highly decentralized. I don’t think so this is going to happen soon. Bitcoin will not be going to be accepted in any banks because it is decentralized and it is also volatile so there is no reason for the banks to just accept bitcoin because it will be very risky for them to deal with the volatility of bitcoin because they just might lose a lot of money in just accepting bitcoin as a deposit in their banks. |
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It is very easy to just depend in bitcoin for a living because if you are a type of person that is a hard worker and know how to have a long patience and also a great mindset for hard working then you can just leave your job and depend on your earnings in bitcoin because that is what the others are doing, they are all working in bitcoin for a lesser amount of time but still making a lot of money.
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Now, bitcoin have big increase, bitcoin also always raise in everytime
Not all the times bitcoin always increase because there are times that bitcoin is having a hard time in fighting the bear market and that bear market is when the people are just selling bitcoin and getting rid of their bitcoin. If you know what to do with that bear market then it will be easier for you to deal with bitcoin and you can just hold it for a lot more time and expect some good profits. |
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I don't think it will happen because banks have an important role in every country and I don't think the government will allow this to happen.
I agree with you. Government is one of the organization that will question bitcoin for making the banks disappear because if they will allow banks to disappear then it will be a huge problem for them since almost all the business are flowing in the banks because banks is the very first place to put money because of their security so it is very impossible for bitcoin to make banks disappear. |
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When I first started collecting coins, this forum used to be full of threads in which users were lamenting about their coin stash getting stolen by the hackers. I still remember one user, who had BTC25,000 stolen from his wallet. If he had those coins now, then they could have been worth close to $250 million (including the price of Bitcoin Cash and Bitcoin Gold).
Then you mean to say that it can happen to anyone again?? It will happen to anyone if they are not really careful we all know that it is not easy to breakthrough the security of your wallet, the easy is to manipulate you or you are just giving your private wallet to the hacker, like phishing that is the basic one because mostly hackers are following you finding contacts and information to penetrate you thats why if you are weak and not finding it early then you can give your coins and bitcoins to the hacker For now, i think phising sites to get bitcoins login information are not using hackers nowadays. They seems going to take over your computer by getting all access information, so you should be take care fully about what are you browsing, what are you downloading, these should be come from trust able sites. This what i worried. If you want to surf into the internet without even caring of your security then you should have another type of device or computer to use because if you don't have an extra computer for some of the things that you want to do and if you will try to do all the things in only one computer then it will be very risky for you and it is not the best idea that you can depend on. |
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In my own opinion, bitcoin and real money are both transaction that can be used as a payment. The difference between both of them is bitcoin has more better value than real money, even it do not have a stable price bitcoin still better than real money. That's why many imvestors wants to invest in bitcoin.
A lot of people are investing their money in bitcoin because they know the potential of making a lot of money and they know that bitcoin is still better than real money because of the features that we have in bitcoin. Bitcoin has a lot of possibilities and huge potential and it can be maxed out if we will adopt bitcoin and implement it in our system. |
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Bitcoin is not an altcoin because bitcoin is the main cryptocurrency in the market and the altcoins are basing in bitcoin alone. So i think that is enough for bitcoin to still the king and it will never become an altcoin unless it will be going to be replaced by another type of cryptocurrency or coin in the market.
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I really hope we do live in a world with digital currency... soon
I think its possible for bitcoin to do so because bitcoin have already disappears some crypto from market and I think it’s easy for bitcoin to disappear real money but I think it need some time because bitcoin is almost new and I think it’s a big challenges for bitcoin but I’m quite sure that bitcoin can do it because bitcoin always accept challenges. In the long run, replacing money with crypto is possible. However, right now given the technology, bitcoin still have a long way to go. Bitcoin is taking too long for transfer and too limited to transfer. So there is a lot of issue that bitcoin need to resolve. I agree with you. Bitcoin still have a lot of problems and that is the main reason for bitcoin to not replace the money that we have right now. Bitcoin is just an investment and a type of source of income but with its features and availability is not enough for our fiat to be replaced because bitcoin is not possible to use offline. |
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Yes if i may say...A friend that introduced me into bitcoin has been testfying before ientered and has also recorded another smile of money yesterday.Bitcoin is really changing the world and lives.
It may change the world particularly our living. Bitcoin can modernize our lives and it helps us on how to earn money. Aside from that let's take this as part of our development, productivity and to level up ourselves using the technology. Bitcoin can help us to change our lives to become more productive. That is true and because of bitcoin, i'm concerned for my time and i am conservative in spending those time because i know that every hour is worth a lot of money so i will spend it wisely on the things that will give me good result or returns. Bitcoin is now a workplace for me because this is my main job and that is why i have a healthy pocket because of the great opportunity of bitcoin. |
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The goal of bitcoin is to be used as an currency in the first place. At least that is how i love into love with bitcoin years ago. It is one of the best payment method whereby it is seller protection, it wont have chargeback, it wont have ridiculous fee, it wont takes days just to remit.
I agree with you and in the future, once i have built my own business then i will accept bitcoin as a mode of payment because aside from those things that you stated above. It is also great for me to accept bitcoin since its value is keep on increasing on the top and sooner than later it will become one of the major mode of payments in the world. |
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Like every other investment such as real estate, stocks and other forms of investment we know that you can invest in that kind of things and then you get something like say a Certificate or a Binding Document as a proof that you are part of that investment, now that of bitcoin all you have is just your address, your password, key and seeds as proof of the ownership of the wallet. BTCSo now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins.  I believe that it is a great advantage for our children to have saving of bitcoin that they may be able to use in the future. The thing is a lot of speculations has been around saying that online currencies could be the future of what we use now as money. The good thing about this as well, is that it's value could potentially increase in the near future. That is true that the value of bitcoin might increase in the future by more than 100% because the progress of bitcoin is keep on going up and a lot of people might adopt bitcoin in the next few years that will result for a huge move for bitcoin to go up and higher. Bitcoin savings for the children are the best because it can help them to have a good financial future also. |
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for me bitcoin is simple do not have to bother looking like atm must use identity card when register and other terms, while bitcoin anyone can register to make wallet, five year old child can use bitcoin if he know how to use it
Yes, it is very easy to use bitcoin but it is wise to not let the kids to use bitcoin because they will just make some messy things that will result for them for being messed up and doing a lot of mistakes that will become a reason for them to lose money. Bitcoin is a really great type of investment and because of easy use it can be use by almost all the people if they have the knowledge. |
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Keep your information private and do not share it to anyone because they might become greedy and use those information to steal your money. It is better if you will just keep everything secret and get some offline wallet like paper wallet or hardware wallet so you can have an assurance that you will not get hack and get stolen of your bitcoins.
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If the amazon accepts bitcoin then it will be a huge news for their customers and also for bitcoin and the bitcoin might have a huge rally on the price and they can attract more customers since their customers can pay with bitcoin which is a great step up for digital marketing since there is a lot of people in the internet that have bitcoin.
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Bitcoin is a good investment now because the price is volatile and we need to invest as long as the price is low and no need to woried about because they increase easily. In the near future almost everyone will accept bitcoin and it is one of the currency that being use by many people in the world.
Bitcoin is not literally will be used by the people in the future because they will just make bitcoin as an option for making transaction like huge payment or money transfer to the other part of the world. Bitcoin is a very good investment because it has a great future for itself and that is because of the progress that bitcoin have right now. |
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I have all my coins in on an online trading site (paxful) (low volume)
I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.
What is the best way to do this, and what's the best way of ensuring a backup?
How do you currently store your coins
thanks in advance for any inputs
I kept my Bitcoin in my virtual wallet , it is my most truatest wallet where I always use whenever I transact money, not only that it can also rebate money that I can save up to keep my Bitcoin growth or increase it is such a big help for me to have this virtual wallet whitout it I'll felt sad. Bitcoin should be kept in a safe wallet and not on virtual wallets because virtual wallets are not good since they are online and can be hacked and that can be a reason for you to lose your bitcoin and it is better to have a desktop wallet rather than a virtual wallet and you should use your bitcoin on necessities only. |
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They hold Bitcoin because they believe its value. They believe it will go up and give them profit. And it is right
That is very true because as you can see in the market of bitcoin that it keeps going up and even there are some FUDs then it will be just for a short time and the price will go up again and i think that is why they are keep having a strong faith in bitcoin because they know that they can make money in bitcoin not only a few but a lot. |
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You should not wast more time thinking about it. Profit or loss is the part of our life. you should wait for another good opportunity. When a single opportunity will come, Don't miss that again. If you can use the opportunity right way you will success again in your life. praying for your better future.
That is true. If you lose the opportunity then you should just take it as a lesson in life that you will base on doing opportunity kind of decision in the future. Not believing in bitcoin is a common thing because it is like too good to be true but if you don't want to lose the opportunity again then work hard in bitcoin and grab bitcoin as much as you can and you can see that it will pay off after a few years. |
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