I would probably say yes to it because if the cryptocurrency world has over powered the banks in all the countries there won't be in need of them since in cryptocurrency it is more efficient to store or save money unlike when in banks that it is too time consuming and there are lots of documents but with cryptocurrencies with just one click it's finished by then .
The only thing why people choose to be with bitcoin is because of the interest rate or possible return that they might get like for example, in bitcoin, you can earn up to 10% in just a few weeks while in banks you need to wait for about a year before you get that or earn that 10% return for your investment which is a boring return for a long term investing. |
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Of course, i will live in a country that uses bitcoin as an official currency because my life will become more easier because i can use bitcoin to buy things and pay all the things that i will buy or use and that is only with use of my smartphone that has bitcoin in it and it is very convenient because i don't need to bring a thick wallet to just be ready for paying things up.
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Every users have difference in opinion regarding the virtual currency. Some agree it as an legitimate platform, some fear about the fluctuations happening with time without much stability. Recently in an article read about a dad who disagreed with bitcoin usage and due to the compulsion from son he accepted and invested. Now he has got turned to be a millionaire.
That is the risk in investing in bitcoin, you are risking your money into a new environment that is not stable and it is very volatile and mostly moving in the price and that is why we need to take risk and surpass all of our fears just like the dad or father who accepted the challenged and turned out to become millionaire because of bitcoin. |
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If this shit will happen it may affect bitcoins and not just even bitcoin it can affect all the countries and institutes in the world,its a war if that would happen wars means death and reset of a time in the end.It may come to end if this will happen
A big war is one of the worst nightmare for us people who are living in a peaceful country. We don't want a war but if the big countries will engage a war then the assets that we have right now like bitcoin will not completely become useful because it is time to sell them and prepare for becoming a survivor and having money to buy the things that you might need during and after the war. |
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Re: Are We Dead Without China? Hahaha Are you crazy?? This is a huge bus and there are so many passengers on the way, they are waiting for their bus to come.. If Chinese would like to get off!! Please go ahead, there are more on the way to take that sit sir;) I agree in fact bitcoin's value is getting higher again it just mean we can still move forward with or without China. Probably a great loss but eventually people will get used to it and bitcoin will raise again and forum users may get their profits again. With or without china, we can still survive in cryptocurrency market because the world is too big for the bitcoin to be worried of being gone of one country that supports bitcoin. We can still depend on the other big countries for the support in bitcoin so we don't need to worry about the things that we are currently facing now. |
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so far i collect and i save my bitcoin to become profitable for long term i keep my bitcoin in wallet, and if reach my target to i will withdraw to start a business, my dreams want help people earning in the way work my business.
So you are planning to establish a business that will offer and give opportunities to the people in your place to get a job with your business and i think that is a great goal or dream because you will not the only one who will get benefit by your bitcoin success because the other people will have a work too and earn money also. |
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This is not something new about the scenario in bitcoin. It is very easy to say that the bitcoin is always getting a lot of negative news, thoughts and sometimes it is about banning bitcoin but that is the risk that we already accepted once we invested our money in bitcoin because if we are going to invest in bitcoin and wish for guarantee investment then we are investing in a wrong investment vehicle.
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Now i am use coin base for my bitcoin and ltc wallet.You can use many wallets like as blockchain .When i am beginner i am use coin base and still i am use bitcoin but its some problem you can only send coinbase gmail to another coin base gmail.If you use coinbase to another wallet need some charge for this.thanks
You should be planning in using other wallets for bitcoin because if you have a personal computer then using a desktop wallet like electrum, exodus (multi-cryptocurrency wallet) will become a good step in securing your bitcoin and all the things are in your will unlike in coinbase that they are centralized because you cannot get your private keys there. |
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As the entire digital currency market is based on the trust and speculative approach anything might happen in no time. It's our responsibility to keep ourselves active, so that it can be earned without much difficulty as other forms of stock market moves.
I agree with your opinion, indeed we must keep this bitcoin in order to always be active so that can enjadi many shares obtained and especially during the follow bitcoin should keep and must trust completely. If we are going to save our bitcoin for a long time then we need to make sure that we are putting and keeping it on a safe place and we should not just be careless in keeping or saving bitcoin because a good bitcoin wallet will become useful for a long term holder of bitcoin to make sure that the things are all right and safe. |
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My parent , especially my mom , she always tell me to stop doing bitcoin otherwise i will go to jail or doing bad things to social ! I don't get it ! Old generation seem very lack of experience in Bitcoin ! Why they keep telling us to stop when they even don't know how to check a simple email on ebay ! How to explain them guys ?
You should ask them why they said those things to you. Maybe they have past experiences with regards to making money online and not became successful or something unpleasant happened to them. If there is then it is time to enlightened them on what you are doing now(though almost the same) is not as the same of what they are doing previously. They just need to be enlighten by your knowledge and help them realize that not all the things in the internet is scam or not good for the people who are using it because one of the example of that is bitcoin which it helped people a lot in terms of making money and getting a better lifestyle where they actually enjoying it because it is an easier way then other traditional way of making money. |
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This is what i am also doing in bitcoin. I keep buying bitcoin because i know that someday the price of bitcoin will become more expensive and in that day i will just be relaxing and enjoying the profits or gains that i received in bitcoin so as of now i keep buying bitcoin regularly and just risking my money and hoping for the best in investment.
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Price is falling too much  Lost more than $1000  It is alright if you lose more than 1,000 USD because that is just a paper loss and it will become a true loss if you will sell it for a lower price and accept the negative profits. If i were you, i will just hold it and wait for the come back of the price of bitcoin because in the future there will be going a huge bounce back in the price of bitcoin. |
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I will save it until price became $10k
Holding coins for such a long term needs a lot of patience Just a tip to all you hodlers, it only requires patience if you are thinking about selling daily or find yourself in situations where you need the money now. What i do is get busy and earn elsewhere so i dont have to touch my crypto. If you can find a way to work and make money crypto then even better - its also a growing industry so lots of opportunity. Not really just patience, but also discipline. Making yourself busy is a good way to escape your urge to sell your bitcoin and spend all that money on something that you don't really need. Most people end up selling their bitcoins, buy something they only want but a necessity, and then justify their wrongdoing to feel less sorry. oh yeah for sure, just live a cheap lifestyle, all the best stuff in life is low cost or free anyway. For me i go to the beach which i live near, i keep fit which is very low cost overall and spend time with the mrs. You could argue it took money to get mrs/live by beach in first place but not that much. Find right woman whos not after money or material stuff is important. That is really true. You need to find someone who is not into money or materialistic type of girl so you can both enjoy the life without worrying for not having the latest gadget and so on. That is the kind of girl i want to marry and spend my life with and i always promised to myself that if i will find one like that then i will not let her go because i will be with her for the rest of our life. |
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OMG, Bitcoin falling again, current price = 3866USD.
What happen? we losing money every hours. Need exchange BTC to fiat?
Who can explain this situation?
For now the price have gone down to $3310.37, and it might still down for now, but it's for a while. When it will come up again, it I'll be higher than or back to its normal price again. I don't think so, its almost low right now. I guess bitcoin will having a hard time to recover again it's price. I wish I'd sell it in Sept. 12 so I don't lose a lot of bitcoin right now. Last time when I checked Bitcoin’s price, it was 37xx dollars and has increased almost 400 dollars in 10 to 12 hours. I will advise you to not sell your bitcoins and just sit back. You don't need to worry when you are a BTC holder. You will understand the reason within few days if you will hold your BTCs for that long. I have a strategy for short term trading and that is when you see that the price of bitcoin is falling down then don't hold it for long term (if you really into bitcoin trading), you just need to sell low and buy lower so you can have more quantities of bitcoin and you can have a chance to earn more profit from your bitcoin balance and stick again to the principle of buying low and selling high. |
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That is the proof that most of the doubters of bitcoin are now changing their position and they are now going into investing in bitcoin and i think that in the future those against about investing in bitcoin will make a huge change and they will choose to be with bitcoin in the market and for sure they will invest in bitcoin because they doesn't want to lose the chance to make a lot of money in just a shorter period of time than investing in stock market.
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Bitcoin is usually used by people interested in technology. I mean, persons with a certain technical knowledge are interested in bitcoin.
My observations are that way. I think Bitcoin needs to reach larger quantities. Can use bitcoin in people who are not interested in technology?
Can people use the bitcoin in the profession group like tradesmen, teachers, housewives, firemen, butchers? Are we going to see the days that these people use bitcoin?
Bitcoin can be use by anyone who is capable of purhasing or investing one. Bitcoin has no restriction on who should own it. I am sure a lot of people now who are so curious about the popularity of bitcoin and eventually more and more people will invest and use it. The popularity of bitcoin is getting more and more in the market and that is why it is very interesting to just buy and hold bitcoin and do not touch it for the mean time so we can easily get profit if we will have knowledge on holding bitcoin and patience about it so just like the other people we can also make change in how we make our money work for us. It doesn't have any requirement or social status to just buy and use it. |
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Bitcoin price will start to increase in the next month. My advice for you is to buy everything you can when the price of bitcoin will go under 3000 USD. This is not the end of bitcoin and bitcoin will not be destroyed. Just buy now under 3000 USD and wait 4-6 years. This is the market sometimes it goes down, sometimes it goes up, you have to learn to read its indicators. It is not very complicated some things tell you in advance what will happen.
Next month is too late for that; the price will start increasing within days now. People really underestimate the potential of bitcoins but I am hundred percent sure about my words. Bitcoins are going to boost up in the month of September. So, everyone get ready for some real action. It is not almost a true statement to tell that most of the people are underestimating the bitcoin because most of the people right now are getting into bitcoin and they are now investing money in bitcoin so it is not that hard for bitcoin to get up on its price right now and surpass all its all time highs and make a new one. |
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A day will come where everybody will own Bitcoin (or at least 90% of society). After you get everybody onboard it will be difficult to manipulate the price like that. Bitcoin will become more stable and people will be less scared of it.
With the current price swing of bitcoins going at least below $1000 in just a matter of hours due to China pronouncement to close exchange rates to some big financial institutions that handle big investment with fiat money saying that bitcoin is a big bubble comparing to tulip investment, it can only be less affected by these manipulations and inside trading through regulations (government regulations to be exact) but this is really not the main goal of bitcoin in the first place. Hence, it will be each investor call whether or not to hold or sell their bitcoins.. It is kinda OA to say that the price of bitcoin seems to go down at least to 1,000 USD because of the announcement of the chinese government to completely banned the bitcoin and the bitcoin exchanges in their country but if you are a true bitcoin believer then you can easily get used to that kind of price swings in bitcoin because at the end of the day, it will go up again and it will give profit to us easily. |
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What is the matter if china banned bitcoin? I don't see any bad thing about it because that is normal for bitcoin to get rejected or ordered as a banned currency in a country and we still have a lot of countries for the market and a lot of people are still using bitcoin and still buying and it is not always only in china.
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Bitcoin doesn't need to reach that price in order to become a legit currency because even the price of bitcoin is an enough proof for the people to be accepted and also for the government to make it as a legal currency and look at what Japan did, they already made bitcoin a legit currency even the price is not around 1,000,000 USD.
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