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I don't believe that Bitcoin price is affected by the economic situation in the USA so much. For example, the price crashed in March because the lockdowns were world -wide.
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You can easily track your transaction. Use a site like Block explorer. All you need to know is is the information about the Bitcoin address of the recipient and the amount of Bitcoins you sent. And you will see if your transaction is confirmed.
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We know examples of removing the cash money from circulation. Have cryptocurrencies ever been burned?
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Bitcoin is a stable crypto? What? I don't think Bitcoin is the best investment ever, but it's a good long-term investment.
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Don't put all eggs in one basket. Bitcoin is still the king, but it's better to invest $2K in several liquid assets. You should consider Bitcoin, Ethereum and maybe buy some Moneri and Litecoin.
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People hostility towards crypto don't know and don't want to understand that cryptocurrencies can be used for something except money laundering and paying for drugs and weapons. It's hard to make them change their mind.
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I'm sure there are many factors affecting Bitcoin and stocks prices. Trump's positive covid test isn't related to the assets' movements. Journalists connected two events to make clickable headlines.
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Rule 24 The Most Important Rule
If your rich,famous,powerful ,beautiful,healthy,loved that does not mean you are smart ,or your parents/family are smart . It's just your fate given to you . Sounds like "the most easiest way to become rich is to be born into a wealth family". Sad, but true. |
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IMO we can't live totally bankless nowadays. Cryptocurrency isn't widely adopted and using cash as the main payment method isn't so easy.
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Such a courageous decision if we take into consideration Bitcoin high volatility.
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I think you should not rely a 100% on Bitcoin.
It is true though that a lot of people earned a lot of profit from investing on it but in the future, we can't say that it will be Bitcoin all the way. You should not put all your money into it and just put something you can afford to lose. I will hold my Bitcoin as long as I can think it will be profitable to me, I am still looking forward on using it daily but for now let's take advantage of what we have right now.
Absolutely agree, Bitcoin maximalists believe that it'll be the top currency or the world reserve currency one day. In fact, it's a misconception that must be dispelled. |
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Greed is human weakness which will be exist forever. Nowadays most people know about Ponzi schemes, pump and dump and get-rich-quick schemes, but they still believe that somebody can send them free Bitcoin.
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Most of exchanges have minimum transaction amounts, so investing a dollar per day isn't possible. I think that the strategy to invest 30$ each month will be more beneficial.
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I visited Investopedia and found a definition of an asset. An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Can we say the same aout cryptocurrencies? Yes, so what's the problem? |
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2017 was the golden year for Bitcoin, it's evident. Altcoins followed it. Of cause, 2017 was the year of high profits. That year over 1,500 cryptocurrency specifications existed. Now the total number of cryptocurrencies is 6,955. The crypto market becomes more competitive, the golden year won't repeat.
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Well, your were almost right. I'm really interested if the crisis were predictable for you, could your prepare for it? How?
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I like the idea of using Bitcoin as a gift. There are many ways to do it. You can buy a Bitcoin gift card from bit4coin.net or create a paper wallet you wrote about. Or if you are ready to make an expensive and luxury gift, buy a hardware wallet and put some coins on it. Bitcoin is a perfect gift because it can be cashed out one rainy day  |
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Cryptocurrency becomes more powerful from day to day. This tendency can't be ignored of put aside by politicians.
Bitcoin or crypto friendly politicians:
The US congressman Jared Polis was vocal on Bitcoin in March 2019.
Andrew Hemingway spoke about the potential of distributed ledger tech and praised blockchain.
Gulnar Hasnain, a Green Party candidate running for a district in Central London, noted that she wants to draw attention to the positive aspects of blockchain technology.
George Galloway, a Mayoral candidate for London, announced his plans to leverage blockchain technology and track the Mayor of London’s expenditure in a bid for greater transparency.
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Bitcoin can be accepted worldwide as a part of shadow economy. No way it will be the world official currency or the world reserve currency like a dollar nowadays.
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