When you exchange your bitcoins to FIAT there is now way to do it anonymously because you have to be physically present to retrieve your money. The only way is to use your bitcoin in buying something virtual online like a book or software or maybe buying something with bitcoin then selling it a different place that can keep you anonymous.
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I like the effort you make to prevent members from joining airdrop program with different accounts. But what I really appreciate is the time that a transaction takes to be confirmed, 15 seconds is hard to beat.
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All members are telling you that investing all your money is risky and their argument is "never invest what you can't afford to lose". Well, i recommend you to invest all your money since you mentioned that you keep it in a bank and not using it. I believe in different quotes like "big risks, big reward" and also keep in mind that "He who risks and fails can be forgiven. He who never risks and never fails is a failure in his whole being".
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Any thing can happen in 5 years, who knows maybe 1 BTc will be equal to 100k dollars as some experts predicted. I believe the main factor that will affect and determine BTC price in next years is the growth of bitcoin community. If there will be more users especially traders accepting Bitcoin payment then everything will be OK.
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I receive many emails inviting me to login to my wallet. Personally, i know they are scams that's why i never open links from those emails. Many users lost their money because they don't even know what is a scam. The good thing is that Bitcoin is being more and more famous that even scammers are focusing on bitcoiners and made them their target. PS: there is no insult or racism, this kind of scam is known as Nigerian scam or scam 419.
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If you mean african governments then the answer is no they can not. Besides, i see no government, even in developed countries, benefiting from blockchain technology. But if you mean african people, in that case i think you misunderstood the concept of Bitcoin which is based on decentralization and anonymity thus, anyone from anywhere can use Bitcoin and enjoy its benefits.
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3$ fee is the only thing that prevents you from investing in bitcoin? The day you posted this thread (June 29) Bitcoin price was 2500$, today the price became 6100$. You were able to double your investment (2.5 times) if you just forgot about the 3$ fee. Anyway, transaction fees will be reduced, I heard that bitcoin community are working on that issue.
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It's a warning, it doesn't say anything about banning the use of bitcoin. As we can see at the last words, it says " We see using bitcoin as a risk". It's okay, most of the countries have announced that bitcoin is a risky investment, it doesn't mean that they have banned it, it just says that they want to give a warning to their people, but can't have a solid statement on the coin right now.
That's what i thought when i readed the thread, but after taking a look at the original article i found that OP forgot to quote the most important statement which is: "The head of Bank Indonesia, Indonesia’s central bank, has threatened action against bitcoin adopters if the cryptocurrency is used as a method of payment." Bank Indonesia is threatening any one that accepts Bitcoin as payment method. Such statements will, for sure, have an impact on Bitcoin value.
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You have to be really optimistic and have a strong belief in the future of Bitcoin to do so. Let's suppose you bought 10 BTC and the price got doubled in a year, how can you handle the stress when the price start going down for some reason? how can you stop your self from selling your BTC to cut the losses? Any ordinary person that can't handle such situations, it will be wise to buy bitcoin with money that he don't really need and just forget about it for a long time.
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Due to the fact that Bitcoin transactions are untraceable and no one knows which transaction is used to pay a criminal activity or for a money laundry, we can say that Bitcoin can help corrupted people.In the other hand Bitcoin can be used to fund charitable works or supporting good causes. Therefore, we can not blame Bitcoin network because of people misusing it.
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I already have a full time job but what I earn from it is not enough, and I am not able to pay even my bills. Bitcoin is really helping me and I believe that if someone have enough time and skills, he definitely will make a good income from being a Bitcoiner. Many of my jobless friends are relying on Bitcoin income to pay their daily charges. Bitcoin also makes starting your own online job or project easier, all you have to do is to have a wallet and start buying and selling which takes few minutes to be done.
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When you see the price chart going down you can start buying, don't use all money in one time try to buy in different times maybe the price will go down more and more (some Satoshies can create difference in the future). Always keep some money, you never now when a huge dump happens. Selling is easier: Never sell unless you are obliged to do so and only when the price is higher than the price you bought with.
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It is really a good thing to support the Bitcoin network by running a full node, I am doing that too. the problem is that Bitcoin core needs a huge free disk space which is not available for every user, also downloading Bitcoin core takes too long especially if you don't have a good Internet connection, it may take days or even weeks to be completely downloaded. But it is nice to remember others how important it is to be part of the Bitcoin network.
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Can anyone advice tha latest version of bitcoin database viewer? I have the one and when I try to process files from blk00976.dat, he raise error. Please help!!!!
If you have some programming skills you will be able to create a small script that can parse information included in *.dat files since the block chain is just a data structure for storing blocks. There is a small program coded in Python you can start with, it reads blocks and parses information and show it in a more readable structure. You can find it here: https://www.cryptocoinsnews.com/block-parser-how-read-bitcoin-block-chain/
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If we presume that Satoshi Nakamoto is one person and he still alive, he would be a man that believes in open source and sharing knowldge for free. That's why he will never reveal himself or ask anything for what he did. Besides, I think the man who invented Bitcoin would be so rich by now or maybe he is focusing in inventing something new. All genius spend their time inventing more than collecting money.
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The chances to make profit as you could do if you invested in the past are getting smaller. I think the price of Bitcoin is going to be more stable in the next years, of course there will be a chance to make profit but it will not be the same as it was in the past. But you can make more by trading instead of holding BTC.
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You can secure your wallet by following some easy steps. First, use a known wallet and you can find many topics here comparing different wallets. Secon, keep your private key in a secure place where no one can have access but you. Next, never open a link from an email without verifying the source of that email. Also, keep your PC clean by using a good antivirus and never download softwares from untrusted websites.
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With bitcoin you can make a good profit not like banks where the profit margin is limited. Having a bitcoin wallet is like having your own bank you can do whatever you want with your money thus you are the only one responsible for what will happen to that money. To resume, if you know what you are doing then invest in Bitcoin otherwise you have to rely on the banking system.
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New technologies are invading the world and soon there will be no more use of paper neither in trading nor in ordinary and daily work. Many people are using credit cards to make payments. The only problem is that there still people that do not have access to the Internet otherwise, we can say goodbye to paper money.
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There is no system without vulnerabilities. It is hard to hack Bitcoin because of its decentralization and because every trasaction have to be checked many times before confirmation. Hackers can attack users and steal their wallets by spamming and other methods I can't mention here. But that can't be considered as hacking the Bitcoin network.
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