What are the reasons, why people use Cash or Credit Cards / ATM / Banks? Look at the benefits of bitcoin. * Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc. * As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used. * No fees. Unlike cash, hasn't 2%-3% of inflation every single year. * Accepted for Food Shopping & Micro payments via electronic card. * 0 confermations time, with introduction of "instant pay" function. * 0 exchange risks in use of proper securities and competent insurance. * any entrepreneurs is able to understanding of the value of payment. * No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month. * Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven. * Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services. In my own experience bitcoin is better than cash because if I now hold any amount of bitcoin or example 1 bitcoin ,in the long run its price may double, triple or more. While if I hold one million dollar today and save it for so many it is still one million dollar no increase. Additionally, bitcoin is better than cash in a way that no one can / controls bitcoin or decentralized. About on the picture, instead of burning your dollar, why you don't just convert it to bitcoin so you can still use it? You now really hate cash now? Admit it you use cash before you discover bitcoin. Without cash before you will not be able to live. I think you are trying to get into the difference of inflation and deflation. If you will hold bitcoin for more years then it might result for gaining more money base on the value of your bitcoin while if you will hold 1 million dollars or more then you will not have a good future with that because the inflation will eat the purchasing power of your money and you can is just regret holding fiat. |
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We don't need to entertain those clones because they are just like bonus of having bitcoin and it is a free money so it is a good thing for us bitcoin holders. If you hold bitcoin for a lot of years then you will actually earn more money in your investment and you will have more free coins if bitcoin will have any fork or clones.
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Bitcoin is not dead and it is still alive and kicking in the market. Even there are problems or challenges that bitcoin faced with, it is still not the best thing to defeat bitcoin and make bitcoin die because even the price will be really low compare to the price now, it will still go up because of the support of the people who are using bitcoin.
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I think that they are just getting into the hype right now. The hype right now is about the airdrops and creating different kinds of coins and that is why there is an another fork for bitcoin which be called as bitcoin gold and it is more on airdrop rather than an improvement for bitcoin and that is why it is kinda blessing for us bitcoin holders and i don't have any complains with it.
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Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers
I don't think hackers at any point of their lives didn't try to break into the Bitcoin system. I think they tried and I think Satoshi Nakamoto also designed Bitcoin to deny all of them because if not, then Bitcoin has been long gone in the cryptoworld already. That's only my opinion though.  The bitcoin itself is secure but the sites or websites that is using bitcoin or promoting bitcoin like blockchain have a problem with the security, there is no safe in the internet so they can get hacked by the hackers if the hackers want to do it and remember that it has a record back then where they got hack and get stolen of the bitcoins there. |
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I don't think we will see this happening the next few years. Bitcoin is the strongest cryptocurrency in the market without dangerous concurrents.
Everyone will accept Bitcoin is the strongest currency where there is no possibility for other coins. Still, many countries are developing blockchain tech for any purpose that's why Bitcoin become very popular when compared to other altcoins. Bitcoin is popular because it is the very first cryptocurrency that has ever launched and successfully created by satoshi nakamoto. Everyone in this world will not accept bitcoin for sure because they will have different beliefs that they will rely in making decision and we can just have cryptocurrencies for options and not for forced migration of the money that we are gonna be using. |
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What are the reasons, why people use Cash or Credit Cards / ATM / Banks? Look at the benefits of bitcoin. * Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc. * As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used. * No fees. Unlike cash, hasn't 2%-3% of inflation every single year. * Accepted for Food Shopping & Micro payments via electronic card. * 0 confermations time, with introduction of "instant pay" function. * 0 exchange risks in use of proper securities and competent insurance. * any entrepreneurs is able to understanding of the value of payment. * No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month. * Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven. * Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services. Bitcoin is better than cash because of its price and bitcoin features. These are some of the reason why bitcoin is better than cash. In bitcoin you're anonymous and people can use it to hide some money. Bitcoin can also be use as a mode of payment with a faster transaction of payments online. Lastly, bitcoin can be used by everyone. Bitcoin is not a place to hide your money, it is used to store your money and to let your money grow using bitcoin. Bitcoin is better than cash because of those possibilities and that is the reason why people are choosing bitcoin over the other investment vehicles that they can try because they all know that bitcoin is more worth it than any other investment. |
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It is a no surprise for me to see that the rate of atm of bitcoins is growing rapidly because it is too obvious that bitcoin is getting better and better and soon the people will accept it more than what we expect and if bitcoin will have a stronger foundation from its community and other supporters then we can just see rapid increased in bitcoin atms but also in adoption.
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Hi, I was wondering if I should quit my job and focus more on bitcoins? Because I think it might get me even richer without a job?  In my own opinion, If you have a job you do not need to quit in order to focus in bitcoins. Yes bitcoins can make people rich but we can tell what the future holds into it unlike having a job which is for a lifetime journey. So in that case try to manage both. That is right, manage both in order to balance things and to have a safe way of earning money because you cannot depend on one only because that will put your financial life at risk since it is bad to have a single source of income based on the people who are successful and we should obey the rules of their successful life because it is effective to find more source of income so we can leave the current source of income that we have and develop a great source of passive income. |
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I just finished reading this article and I find very helpful specially for the newbies.I hope this thread be always updated so that they can learn more about bitcoin. There will always a newbie to Bitcoin, so this kind of blog will always be helpful so that they will never do this kind of mistakes. Sad but true, it also happen to me before, I tried faucets and get soatoshis. I was told before that faucet is a good way to get a good amount of free bitcoin. Well, thanks to them for wssting my time. You don't totally waste your time in doing faucet sites because it is a lesson in disguise for you and that is you learned how to be patient and be consistent everyday because when you are doing work in faucet then you are earning small amount of satoshi for sure and that best thing to do is to work for it everyday and because of that you learned being patient and consistent which you can use right now and in the future. |
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Have your own personal wallets, backed up, copied, physical, paper and lamented forms. If you choose to have it on a USB or HDD keep a backup at another relatives house that you have encrypted or maybe at safe deposit box.
That is right, we should have back ups in any wallet that we will create because that is the most important thing aside from putting a strong password and doing the recommended security configuration. Back ups will play a big role if you will lose the access to your personal wallet and because of the back ups you will not worry for the worst case scenarios anymore. |
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We can't tell if how long bitcoin will survive but the one thing that is sure for this is, it will be a long time. Bitcoin is on a healthy condition and even there is a fork that is going to be in october (this month) the price seems that is getting up and higher and that is why bitcoin is getting stronger and healthier and that will make the life span of bitcoin longer.
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Yes, it will survive because as long as there is an Internet Bitcoin is tradable and for Buying and selling. Many countries are understanding Bitcoin Blockchain has strong growth for our daily activities. So it will provide service to us for many years.
The blockchain technology is getting widely noticed by the people who are around the world and it will be the root for the future developments that we can see in our world. We can see stuffs that will be using blockchain technology to make sure that the project will be alright and safe and it will become decentralized and that is how i think bitcoin will survive because its technology is totally incredible. |
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Not all teenagers or students are really that interested in digital currencies. The fact is there are only few who knows what bitcoin is. Especially in the isolated areas or provinces in our country. So if bitcoin or blockchain technology will be taught mandatorily in schoolnof colleges, this will open up opportunity to many.
I don't think so. Most or all the teenagers or students are greedy for money and that is why they will like bitcoin and other cryptocurrencies because it will help them to earn money and that is the way for them to make money by their own and because of this opportunity, there will be a low counts of people who can't go to college because if they will discover bitcoin then they can support their selves alone. |
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Bitcoin growth again, for two days it's turn back his position 3960$ and continue to grow!
Should I go to bank and buy bitcoins?
Your wish man, if you are in for this long term then fine. Other wise go some where else, this is not the right place for you. Go for stock market if you want. But if you're in for long term, then you are gonna enjoy abnormal profits. So you decide the ball Is in your court. Stock market are not worth it for our time and money and it is only worth it for the people who have a lot of money and still finding to where they will put their money to grow and stock market is a good one for the rich people because they have a lot of money for capital so even a small percentage gain will be a good income in our point of view but if we want something fast and almost secure investment then bitcoin is a good option for that and it just need to do few steps to accomplished buying. |
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So, if i have BTC after the fork i will receive free BTG? Right?
As long as you putted your bitcoin into the wallets or exchanges that promised that they will give bitcoin gold then you will receive bitcoin gold for sure and you need to remember that the amount of bitcoin gold that you are getting will be equal to the amount of your bitcoin so if you want more bitcoin gold then you need to buy or get more bitcoins to be deposited or to be held. |
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Very unlikely there is a 2nd fork it must be very confusing to do it and have to be careful but i do not know how to get into that forum until now ,, what should i do.
The next fork for bitcoin and that will be the bitcoin gold and that will happen at october 25 and that is the time when we are going to get a free airdrop or coins that named bitcoin gold and that is like what happened before that the bitcoin cash is created and it will have value that we can use as a basis for deciding if we are going to sell our bitcoin gold or not. |
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bitcoin a big enemy for the bank, so the bank wants to destroy bitcoin. bitcoin has a huge effect on the banks, but whichever bank wants to destroy bircoin will not work. bitcoin now stands very solid, though the whole country has not officially launched bitcoin, but bitcoin is already widely used by people all over the country.
The banks will not have a chance against bitcoin because bitcoin is so powerful and because of its decentralization it cannot be destroyed or manipulated by the people around and even the banks cannot do it and the only thing that they can do is opposite from destroying and that is coping the world of bitcoin with their traditional system and continue serving without eliminating any threats like bitcoin. |
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The cryptocurrencies are decentralized and that is bitcoin and other altcoins and that is why the government cannot do anything about it but to just regulate and they cannot tax it and that is an advantage for us because we can get our income as a whole and we don't need to worry for the taxes or extra fee that we are going to pay so it is very good for a source of income like this and that is why a lot of people are getting into it.
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The banned in bitcoin from china affected the price a lot and you can see that there is a huge dip or red candles in the price chart of bitcoin and that is why the people panicked because of the news about the china who is banning the cryptocurrency exchanges and the ico and it leads for the people to think that they completely banned bitcoin and that resulted for a huge dump.
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