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What I always remembered when I first started bitcoin is that, I was scammed. I think everyone of us in this forum, some and I am not generalizing all have experienced scam. I was scammed to HYIP High Yield Investment Platform, which at the beginning, I do not know what it is and what is its effect to me. And there it goes, I was scammed and learn from that mistake that always research first before you engage in investing.
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It is simple, people are already victims of scam, that is the reason why, many people also used bitcoin as an medium of investment platform which at some point cannot be interfere because bitcoin is decentralized.
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Me! I used MEW MyEtherWallet ever since I started engaged myself with cryptocurrency. MEW is one of the most easiest way to use wallet thus also adhering to one of its contraints that many of its users have been hacked. But this is no longer beyond the problem of management of MEW but the users themselves. Private key should be kept by you only. Just be responsible.
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Nobody. Remember bitcoin is decentralized, which means nobody or no one controls it. Even the Central Bank or even unique banks of different countries. Thus if pertaining to control of price, bitcoin's price vary and follow the law of demand and supply which normally in all honesty, whales are on control of price.
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Today as of this moment, bitcoin has provide its purpose of what is stated in its whitepaper, peer to peer transfer of money without any third party engaged with. In connection with this, at some point also, its real purpose has been dominated by the perspective of human beings as Bitcoin to be an investment.
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Bitcoin and the cryptocurrency as a whole follows the law of demand and supply. If no demand will exist proportionate to the supply which is too high, possibly price will go very down or even at worst, be idle. Like it never existed. But if we are to talk if it can be killed, only through quantum technology, which at the moment, does not yet exist.
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Somehow at someways, banks nowadays consider bitcoin and the whole cryptocurrency as a part of their competitive factors in the world of financial industry, but I think war already started but some banks has tired to hold accounts of individuals earning through cryptocurrency as income. Yet some other banks also, which are wiser uses the technology of bitcoin to use against them.
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There are a lot of ways of promoting bitcoin, but first things first always remember that before promoting it, try to understand the background of what is bitcoin, what is its purpose of existence, what can it give to the community. After doing it, promotion of bitcoin will become efficient and effective.
Even if you are a bounty hunter of different various ICOs or TokenSale, you are indirectly promoting bitcoin. Why? Because example you advertise, and then people seen your post and they will actually ask what in it, so technically you are to first introduced bitcoin before cryptocurrency. Because as what we all know, Bitcoin is the first cryptocurreny ever made in history.
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At some point there are people investing in Initial Coin Offering (ICO) and should also not forget, TokenSale because of what they say to the potential of this upcoming coin or token, investors do not easily attracted to invest without doing any further researchers about the ICO they are going to engaged. Through it, factors to be considered are many which is to be checked out by investors themselves. Like, the size and quality of community, project proposals, the team behind it, and most especially the possible partnerships.
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Why? Why do people invest in Bitcoin? Why do I invest in Bitcoin? The answer is its potential. When you are an investor, you first need to study, research what kind of project, industry or matter you are to invest. Trying to recalculate everything when you are to invest, with that, every investor, including myself has engaged in investing in bitcoin because of its capabilities and potentials to increase in price in the near future.
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Seems Investing will be for those who have a lot of money while bounty hunters are individuals want to gain alternative coins and money for free. Well not technically free because you are to invest your time and money in advertising their product.
But if I will be chosen from the two, I would rather join bounty. Sometimes its good you have joined a bounty campaign for a very potential coin but if you invested with it, you are always having advantage in quantity for those who joined the bounty.
Sometimes persons who are long enough in this forum and the perspective of bounty, what they gained in bounty is being invested in some ICOs.
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