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Maybe if some of the cryptocurrency will be legalized, it might be a way to make cash disappear. We can say that cryptocurrency has advantages and disadvantages being compared to real money. Cryptocurrency is very secure in a way that we need the private key before we can interact with it. We must also verify it thru email accounts before we can access the crypto wallet. While money on the other hand is very dispensable. If people would be knowledgeable about cryptocurrency i guess it can make real money disappear.
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I use my bitcoin in the time when i need it the most. I am only using what i only need because the price of bitcoin is still fluctuating and sometimes the bitcoin i used is easy to get back. For example, i used my bitcoin when the price is still low and that means i have less value of bitcoin. But when the price starts to go up, the value of my bitcoin also starts to go up and with these fluctuation I can convert it into cash and i can gain profit from these. I can also decide whether if i want to invest my bitcoins.
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Maybe because it's one of the pioneer of cryptocurrency. Bitcoin became a basis of other cryptocurrency which is really helping others to grow their alternative tokens. I guess one of the reason bitcoin is popular is because of the versatility that bitcoin has given us to earn it. Bitcoin is also very popular because the number of users are still increasing and i guess the developers of bitcoin are still keeping the users in control on the price of bitcoin which is very good.
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I have not yet seen any online shops here in our country that accepts payment via bitcoin. If this happens in our country, shopping will be easy. They must first be knowledgeable about bitcoin. Yes there is a wallet application for bitcoin in our country but only a few is knowledgeable about it. We must first educate the people around us before accepting bitcoin as payments. We must also tell authorities or provide authorities the guidelines that we can say bitcoin is helpful for everyone.
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The answer to these question might be a yes and a no. Maybe yes, because bitcoin is a good way to store your money and it is very secure like banks. Bitcoin is very comfortable to use because you can access it thru the internet and if you have an application that lets you keep your bitcoin and you can convert it to cash in an easy way. If some of the restaurants or places that accepts bitcoin as payment, that would be very useful.
The other answer is maybe no, because banks are still useful these days. You can cash out your bitcoin via banks and that is very comfortable for those who have bank accounts. Banks are also useful for those who are not yet knowledgeable about bitcoin.
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In our country, i have not yet heard of a bank that is accepting bitcoin as a mode of depositing money or as a mode of payment. Using bitcoin as a payment is really hassle-free because you don't have to be in long lines just to be entertained. If you have access to the internet, you can access bitcoin very fast and select the mode of payment. Banks are not yet accepting bitcoin because it is not yet known and not yet legalized. If the news about bitcoin keeps spreading, they might have legalized it and use it as a mode of transaction.
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There are lots of comparison between buying or mining bitcoin. For me, both is a good way to earn bitcoin. This is why bitcoin is so good, because of the way's we can earn it is depending on how we want to get it. If we want to earn bitcoin fast, we can buy it. If we want to earn bitcoin slowly, we can mine bitcoin. The price of bitcoin is still fluctuating and if you are very hardworking, you can gain bitcoin and gain the profit very fast. I mine bitcoin because i have a lot of spare time to do it.
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There are lots of website that offer to change your Ethereum into Bitcoin. One website is Shapeshift.io. I personally use this website because of the easy instructions it is providing and it is very easy to use because you just have to wait a few minutes and you will receive your exchange in a short amount of time. This requires you to use cash though because you are using their service, they need payment for their service.
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I guess, yes, bitcoin is one of the money in our future. Cryptocurrency is becoming a thread and we can say that Bitcoin is one of the famous cryptocurrency because of its high price and being a pioneer of the cryptocurrency period. Bitcoin became a basis for other cryptocurrency because other cryptocurrency is still in the process of improving their legality. Bitcoin in some countries is not yet legal but if we think about the whole program of cryptocurrency, we can say that we can use this in our future. Electronic Money would be useful because you won't get robbed if you have electronic money. The only risk you have is if you are careless that you give your personal information to others so that they can access your account.
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Bitcoin is making the world a better place. It is also making the world a more productive place because bitcoin can help those without proper jobs to do something and earn something thru the internet. Bitcoin is really helpful for those in need. If you are well educated, you can understand how the whole cryptocurrency works out.
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That is a very hard question. I think that if people in countries start using it more and gain popularity in one country. The government of that country might legalize bitcoin and if that happens. The technology of one's country will advance. They will accept electronic money which is very easy to use and you won’t have a hard time realizing you don’t have money in your pocket because it is already in your bitcoin wallet which is accessible thru the internet. This depends if they educate enough person to make bitcoin legalized.
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If i'm gonna compare something that is not ending, we call it perpetual motion. Perpetual motion is motion that continues indefinitely. If we compare this to bitcoin, we must make sure that bitcoin is constantly being supported so it does not stop. We must also not disrupt the cycle of what bitcoin is doing and just accept whatever decision the developers make. If we support and not abuse this cycle, i think that bitcoin would never end. We must also take part to its advancement of security and we must not be careless.
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There are many advantages and disadvantages of the fluctuation of price of bitcoin. We can tell for some that it is a good timing to buy some bitcoin. Para sa iba naman, maaring negatibo ang maging nito para sa iba. Ang pagbaba at pagtaas ng presyo ng bitcoin ay nakakatulong na malaman natin na hindi pa mamamatay ang bitcoin at maari pa itong magkaroon ng oras para mag improve.
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There are low chance of someones bitcoin account being hacked. The security of these accounts are very high because sometimes you need to verify it thru the use of your email accounts. I guess that some of the bitcoiners are hacked because of their carelessness. They might provide their private keys and personal information to someone they do not personally know. There are lot of safety rules here in the forum and that is very easy to follow.
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Sending fees is most likely the profits of the sites or applications you are using for their work. I guess they need to set a standard chart of how much they need to ask you if you are sending bitcoin payments or cash payment using their application. Most of the pawnshops have this standard chart for every specific money they want to send out and this is very helpful because they need to follow the chart and they can plan well on how to pay or send transactions next time.
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I think it is not yet too late to get involved in cryptocurrency. Cryptocurrency is becoming a thread and might be useful in the future. Electronic Money is something that must have a secure and proper legality. We can gain money if we keep earning knowledge about cryptocurrency. Mining bitcoin is really helpful because all of the little earnings you got might be big in the future. So yes it is not yet too late to get involved.
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