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I am using bitcoin to buy games online like in steam because aside from bitcoin, i am also addicted to gaming from video games to different kind of gaming things like laptop, pc, consoles and many more. I am planning next year to have a gaming channel in youtube so i can earn money while having some fun in gaming and i will put my earnings in bitcoin so i can have a great combination of opportunity.
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for now,bitcoin is very good investment. bitcoin has it's own value in the market.bitcoin price is stable.it's price is going high.if you invest in bitcoin you will get more profit.
Shouldn't spread misinformation like this. We hope it continues to rise but can't promise that. there's a lot of risk in Bitcoin due to it not being backed by anything physical like fiat. You are right, we can not promise the price of bitcoin will continue to rise, no one can be sure of it. this time the bitcoin price is high but we do not know whether in the next few days bitcoin prices will rise again or even down. If you will base on the fundamental and make an analysis with that then you will realize that bitcoin has a good future and it seems that even there are dumps or lows in bitcoin then it can still recover and soar up high to the moon and give a lot of benefits to the people who are in into investing or holding of bitcoin. Keep trusting in bitcoin and i am sure that bitcoin will not let you down. |
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Inheriting coins to your family after you passed away is a good plan because it will give an assurance to your bitcoin or other coins that it will continue to live and they can either continue growing it or just sell it in order to get the profit or the money from it and use it by their own. You need to make sure that you will give full and detailed instructions to your family so they know what to do.
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We just need to show to the government officials that they need to pay attention to the cryptocurrencies like bitcoin which is a great upgrade or addition to the financial system that they have right now and we just need to tell that Japan is one of the countries that already accepted it and the country of Japan is having a good results in bitcoin so if we will tell those reasons to the government or even show it then they will not ban bitcoin for sure.
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Right now, I still cant imagine any alt yet to replace bitcoin. It is too early to speculate. Though there is possibilities but too little I guess. But now I will enjoy the benefits I got from bitcoin. So no need to stress out about what will happen in the future..
I agree with you, it is too early to speculate or to stress ourselves for the possible replacement that can happen in bitcoin because as of now, it is impossible to happen because of the foundation that bitcoin has right now and also because of the enough support from the community and continuous adoption and demand from different part of the world that expanding or extending the life of bitcoin. |
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Bitcoin will keep climbing because the fork seems like a hype and that is because they are going to receive bitcoin gold if they have a lot of bitcoin in their wallet so the people right now are panic buying because of the potential of bitcoin gold and if the price of bitcoin is high then they will just sell their bitcoin gold and they will get a free money from that and that can be a thousand of dollars or more.
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If you want to get the forked coin then you need a bitcoin which is too obvious and you need a wallet that supports the fork in the next few weeks and just put or deposit your bitcoin there and wait for the day of the fork then after it, just for a few days then you can see your free forked coins and you will be getting bitcoin gold and you easily sell them in exchanges because they are listed as soon as their status is good to go.
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Bitcoin have its own value and those who gave bitcoin a value are the people who uses it and believe that bitcoin is worth something special so i think that thinking about bitcoin for being a worthless thing in the internet and it doesn't have any value or legal power is a complete bluff because bitcoin worth a lot and it has a legal power in some countries and bitcoin is still in the phase of getting started to get noticed and legalize.
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What are the reasons, why people use Cash or Credit Cards / ATM / Banks?
* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
one more, can be used anywhere and anytime. with records in accordance with the prevailing currency in the area. more easily, not constrained internet connection. and instant. The cash or fiat is still the best type or form of money than the bitcoin or other altcoins because the cash is instant and it doesn't need any type of confirmation that will make you tired waiting of and it doesn't have that internet connection required because you can use it even you are located at the top of the mountains and just buying something. |
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The news or updates are very vulnerable for bitcoin because the price of bitcoin reacts faster than what we expect because when there is a news like bad news for example, the price goes down dramatically and it causes a lot of losses from different investors who putted money in bitcoin and i think that if the wider media will spread the news fast then we can see even faster bitcoin reaction because that is one of the weakness of bitcoin, the news.
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If you are an active trader in the world of digital currency and indeed take advantage of extreme price movements Bitcoin to seek profit, Bitcoin prices are fluctuating, of course, brings its own happiness. But it's different if you use Bitcoin as cash or fiat money. If you redeem your one million Bitcoin and intend to spend it on an online site, you certainly do not want your Bitcoin value to decrease as Bitcoin prices suddenly drop. Bitcoin you have now cannot pay for the Hard Disk 1 Terra you want and eventually, you have to buy extra Bitcoin to cover up the shortcomings.
Fluctuating Bitcoin prices have become a daily complaint of Bitcoiners around the world. Actually what factors affect the rise and fall of Bitcoin prices?
For me, there are many factors that affect the rise and the fall of bitcoin price like demand and supply, influence of new or media, the government regulation and market manipulation. The main reason for the fluctuations of bitcoin in price is the emotion of the people who have bitcoin. If they hear or saw something wrong in bitcoin then they will panic sell and they will just accept the loss and leave bitcoin and the opposite thing happen when there is a good news that they saw or heard. The price of bitcoin fluctuates too much because of the emotion which is the enemy of every investor. |
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Hello, I've been hovering around bitcoin for months and I want to become an expert in it. What resources are available and what steps can I take to know all there is to know about bitcoin and possibly reproduce the technology involved.
Thank you.
The best way to become bitcoin expert is you have to learn about bitcoin from book and watching YouTube videos. When I started learning about bitcoin I found YouTube videos very helpful because they normally explain and demonstrates the most complex things about bitcoin for newbie to understand. Just take your time to learn more first and when you understand the whole concept and ideology behind bitcoin, then you may go for the video tutorials. I think that way you might fully understand how everything work in blockchain, bitcoin and cryptocurrency ecosystem. Studying, learning, reading, watching.. those are the few steps of mastering something and like in bitcoin, you need to do those things in order to become a bitcoin expert because being expert needs a lot of knowledge and information that is in your mind so if someone will ask you something that is not a common question, you can still answer it as soon as possible. |
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only it's creator and founder can destroy it 😎
No one can destroy this innovation, bitcoin has make itself in such a strong structural hub so that who will come to harm it will be attracted to invest in it by its benefits, in past there are a lot of hatters who want to harm it gives statements about it and they end up with accepting its highness by investing in It and now they are successful investors. Bitcoin is decentralized and that is one of the major foundation of bitcoin why it is not easy for bitcoin to get destroyed but the only person that can destroy bitcoin is us, if we want to destroy bitcoin and the very easy way to do that is to leave bitcoin alone so the miners will not have a work because they will not earn money if there is no transaction and also demand in the market. |
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I thought explanation with Multimedia element is the best way to explain people. Using Motion Graphic Animation and Dub voice to explain & giving images about what is bitcoin.
It would definitely give them a better explanation to what Bitcoin is, but a video presentation won't convince the kids and the teenagers to use Bitcoin afterwards which they would only understand it. In order for them to use Bitcoin the people who are teaching it must show how it is used physically and how they have benefited from it personally so the teenager wqill see that they can also benefit from it. Teenagers can be a good student to learn bitcoin but the kids or young aged children is not advisable to be exposed in bitcoin as early as their age because they need more time and knowledge in life before they engage into financial topics or other related things to do that. They need to explore the world more and that makes children as a bad target for teaching bitcoin. |
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i think its both.. it is currency and an asset for future use
That is right, bitcoin is an asset because you can buy it and hold it for a long time and the price of bitcoin will go up and that is when you are going to earn money or profit from your bitcoin and that is how assets work and you can also use it as a currency because you can use it to buy things online or even out from the internet world if the sellers agreed to a bitcoin payment. |
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I don't see any valid reason for the russian country to ban bitcoin because for the past few months, a talk about ethereum happened in russia and that can be a way for the leader of russia to understand the concept of bitcoin or other cryptocurrency so i think it is impossible for the russians to just ban bitcoin without even doing a test on it first.
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That is the worst case scenario for a bitcoin user who is holding bitcoin for long term and it is clear that we need more and more security for our computers so we can make sure that the viruses or any malwares will not get into our system or computer. It is better also to have a hardware wallet for keeping bitcoin because that is the simplest and safest way to keep bitcoin for me.
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Bitcoin is very different from gambling. Yes it can be used for gambling and casinos but that does nit mean that it is already gambling. Bitcoin is a form of investment wherein the price accumulates or depreciates and it is similar to stock exchange.
Yes its true it’s not a gambling it’s a digital currency and here you van also learn a lot of things about trade, business, investment, mining etc. bitcoin is actually a currency and here you can also do a daily trade or you can do investment with this currency you can buy things or you can use it for your daily expanse and in gambling you can loss things and money. If you don't have any idea or knowledge about bitcoin and you will just put your money here in bitcoin without even studying what is bitcoin then that is when you are gambling in bitcoin because you just making greedy moves that doesn't have any support of knowledge or ideas that is from you. So it is better to research or study so you will not gamble any of your money. |
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Yes, it is very risky to put all your money or turn them into bitcoins because if you will put all your money in bitcoin then you will not have money that is left to be saved or putted into something like for having an emergency fund that will help you to secure yourself and the other places where you can put or diversify your money so i think it is not a good idea to put all your money in bitcoin unless you have a continuous source of passive income already.
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because many people use it. because it is very beneficial. because it can be used as an asset. because it can be used as savings. because it can make people smile happy.  In short, because bitcoin is a very good thing to have. People are getting curious about bitcoin and the things that they can do wit their bitcoin and that is why they are also getting into it once their curiosity is solved. People should use it because of the benefits that they can get in bitcoin and one of the benefits is the profitability that will help them to have a lighter kind of stress in life. |
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