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Yes of course, fiat money is easier to use in everyday life.
Bitcoin has little problem when it is used as a tool for daily payments such as transfer process that takes a long time and also a very high cost in every transfer process.
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Well .. Today, many policymakers in the world already know about Bitcoin, but many of them have not made legal or legal rules about digital currency because of the complexity of Bitcoin.
But as time passes, some countries begin to look at Bitcoin and digital currencies with different perspectives, and try to enforce the rules of bitcoin.
I think, It is not impossible if in the future bitcoin will become legal around the world.
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Cybercrime and government regulations that prohibit bitcoin and cryptocurrency.
I think both are top risk for bitcoin holders.
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Yes, Bitcoin is an exciting new currency for the world community.
Bitcoin indirectly changes our world, Bitcoin becomes an alternative to complement the needs of financial transactions at global level that crave ease, efficiency and security.
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What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?
I think, bitcoin prices are not affected by the stability of the world economy. But news is one of the factors that influence the price movement significantly. Bitcoin users who hear negative news about bitcoin, will feel panic and end up selling their bitcoins to secure assets. The impact, bitcoin prices will drop because of the sale of bitcoin on a large scale. Vice versa, if there is positive news about bitcoin then many users who make buying transactions. Of course with the purchase of bitcoin on a large scale impact on drastic price increases. |
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Yes, I think banks are very scared because citizens around the world have started to support crypto currencies like Bitcoin etc.
They always criticize, and spread fear to the holders of digital currency, they always say that cryptocurrency like Bitcoin is a fraud, bubble, etc. In the hope that people will be hindered to invest and return their money to the bank.
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Very many advantages if you have bitcoin, one of them, Having bitcoin is the same as having global money. This is because the bitcoin are not only limited in one country only, but almost all over the world. So having this bitcoin makes you have a global currency.
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Bitcoin is the development of the concept of cryptocurrency that initiates and recommends the concept of a new form of money using cryptography to control the manufacture and realization of transactions without going through the shadow of power of authority and system centralization.
All goes according to the law of trust, and trust is the underlying transcation of Bitcoin. Belief in Bitcoin also then mobilize the supply and smooth the request bitcoin on an ongoing basis.
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It is said, the Chinese government considers the crypto spread in China is considered to affect retail investors, and has caused a considerable price volatility. In addition, there was a fraudulent incident reported to the Chinese government. That led to the Chinese policy holders taking immediate action to prevent the riots by prohibiting fund raising through initial coin offerings and turning off all cryptocurrencies exchange.
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I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).
So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
Both, because bitcoin has multifunctional properties, that is, anonymous and security it provides, and an investment tool to make money even when the price will be stable, because stable market conditions will give its own advantages for small and medium traders. Why ? because the price is very predictable... put a net buy price at low and the selling price is slightly above the purchase price, then, the gain can earn. Repeat every hour. |
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Bitcoin has proven to be the most successful virtual currency in the world. Bitcoin value is the highest among other cryptocurrencies. For example, bitcoin investments made in 2010 for $ 100 have turned into $ 1.8 million even more today. That's what proves that investing in bitcoin will give long-term benefits.
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So my question is.
Are you investing into Bitcoin purely as a investment?
Or are you investing because you believe in Bitcoin and the technology?
Back when Bitcoin started i feel people invested, because there believed in it, and wanted to see it change the world.
Now days i feel people only look at it as a way to make money, and don't really care about the future of it.
Whats peoples thoughts?
Well, we can not deny it. We see Bitcoin winning the hearts of many good investors from the lower classes to the top because Often we encounter the news that many people succeed in becoming Rich because of bitcoin investment. Currently Cryptocurrency such as bitcoin is more considered as a commodity like gold. I think, today many people are investing in bitcoin because hoping it will be able to benefit. |
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According to my perceptions, working smart is not about allocating more time to do a job. Working smart is an effort to balance the whole line of life so that it will bring a positive impact on productivity.
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Yes, got you intrigued, didn't it?
Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.
Take paying a cup of coffee for example. To pay your coffee with bitcoins, one must get bitcoins first, either by mining or buying bitcoins with other kinds of money (*cough*fiat*cough). It ends up being a quite complicated process, don't you think?
Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.
Yes, I think currently bitcoin is present only as an alternative currency for online transactions. Bitcoin only meets some of the utility of the currency. Bitcoin is difficult to replace fiat money. |
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Ive read an article about Bill Gates saying that cryptocurrencies kills people. He explained that crypto provokes people to hide thier financial transactions from the government, and revolutionizing terrorism, financial crime etc. Some people use crypto to buy drugs, bombs, guns that are use for drug dealing and terrorism that kills people 'in a fairly direct way' I think Gates is somehow right about this. But i think it depends on the people who are using cryptocurrency, if they will use it in a good way or in a bad way. What do you think? Link: https://www.google.com.ph/search?source=hp&ei=MJaWWv70CoH-8QXDvLO4Bg&q=cryptocurrency#scso=uid_PpaWWoLdHISa0gTusbDYDg_9:117Yes of course, I agree with your opinion. very inappropriate if cryptocurrency is in blame. Long before cryptocurrency existed, criminal transaction activity had already occurred with conventional money and bank transfers. The question is, whether the conventional money and the bank in the wrong !, Of course not, because money and the bank is just a medium. Similarly, with cryptocurrency only a medium. So what to blame is the perpetrator of the criminal transaction, not cryptocurrency. |
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Good news, very appropriate step by the Philippine government.
Hopefully this kind of thing can encourage bitcoin growth, and hopefully the Philippine government's steps can be sampled by countries that are still not regulating bitcoin, especially in Asia.
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The main reason is the fear of these countries to the volatility and uncertainty of digital currency. In addition, another reason is the fear that digital currencies are used to crime activity, tax evasion, etc.
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i am from Egypt which is a poor country with little income. can't buy bitcoins or even start by investing or trading or joining signature compaigns. so how can i win free Satoshis BTCand begin my way in crypto currencies?? can any body help me how to start  ? thanks  Keep spirit, my friend, everyone is working hard. Before going any further, learn everything from this forum. If the time comes, your ranking will rise to jr.member, from there you can join in some campaigns to get some Tokens. |
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The biggest regret about bitcoin is, a few years ago, I thought bitcoin was nonsense, I once accused my friend as a trickster when he explained about bitcoin. Oh my god, I'm so regret, today I'd want to play back the time.
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Bitcoin will be one of the most popular trends in the world. bitcoin will solve many problems encountered because bitcoin itself uses blockchain technology, a technology that works like a network of computers that provide each other data. Security can be guaranteed because there is a certificate or digital signature that can not be modified. at first bitcoin is much rejected and gets a skeptical response, but in the end, bitcoin will prove itself as one of the future technologies.
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