I will hold it. Because I know that the price will again rise up.
Just keep holding for years because i am sure that the price of bitcoin will go up because there is a lot of countries and people that will accept bitcoin as regular currency for sure but now all we need to do is to accumulate bitcoins as much as we can so if the day comes that bitcoin is worth more than 10,000 USD then it is already a great profit for us. |
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I don't think bitcoin needs to die because it still have a lot of things to do like to help other people to get rich from using and holding bitcoins and also to give someone opportunity to earn money easier than the real life job which is very frustrating and also a lot of effort and hassle that need to put on while in bitcoin all you need is patience and also determination and after that you can start earning.
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The answer for that is definitely yes because most of the people already heard about bitcoin and it will be easy for them to store their money and take care of its real value if they will put it on bitcoin because bitcoin is one of the best way to store our money and grow it because bitcoin is also an investment or asset because of the price movements that are mostly going up.
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In my opinion, just let them be. If they are not interested the first time they hear about it or learn about it, they wouldn't be worth it in the long run. They might just shrug it off after being bored. Something like that.
I agree with you, when they don't care about bitcoin then let them regret that decision that they made by letting them go and waiting them to come back because for sure they will realize their fault for not giving attention to bitcoin or any kind of cryptocurrencies. A lot of people that i encountered are just like that so i expect the same result to other people. |
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Because of the hypes and also the increase to its price it is one of the most common topic in some social/media sites lately because they are all getting curious about bitcoin and why it is so high on its price and some of them are getting attracted to the price increase of bitcoin and they are all investing in which is the best option that a newbie person can do.
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Maybe it's just that the understanding of people in Bitcoin is not well enough so that they just care about the price, not deep enough for someone who just enjoys it. The article has a point, it can be treated as another way to earn money, by trading. That's why the prices are always fluctuating, the supply and demand of the cryptocurrencies, that's it.
Since bitcoin is decentralized then the fluctuations of the price is common and bitcoin is not a garbage because of that. The pumps and dumps is very common and you can make profits with that if you know how to trade. If you have deep knowledge about bitcoin then you can easily understand why these things keep on happening and you will not be able to think some negative things about bitcoin. |
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The bank has the process of forming certain and bitcoin can't make it disappear. The bank has is a name familiar in human life. Between bitcoin and banks have private function, so them can't replace each other.Can will give birth to what kind of new bank, but we still need them for currency conversion. It's very necessary. Banks will never be disappear because of bitcoin or any kind of new financial system that can potentially beat it because bank is already spread out all around the world so it is very easy for the banks to maintain its position and the new things like bitcoin needs reputation first before it gets some attention from people. |
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no i dont think bitcoin would die. just like any physical curiencies they dont die but they somehow decrease there precious value (dump) and then next day or a month there value increase again (pump). its a dump and pump system for curiencies
Bitcoin is very different from physical currencies and bitcoin is not supported or controlled by any organization or people because it is decentralized and it is only depending in the demand of the market or the people that are buying and selling bitcoins so bitcoin can die if bad things will happen and if bitcoin will not be stable yet. |
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This is really a long term problem that existed even before bitcoins had entered the internet. Crimes can be funded through various ways such regardless of the currency you use. It can be in the form cold hard cash, collateral by means of properties and such, or even life as kidnapping associated with ransom. Bitcoins is just and additional means for funding this unlawful acts.
Yes I agree it is unfair to say that bitcoin is the one due to which illegal activities are promoted. I don’t think because before bitcoin there were crimes and still there are. Like any other currency bitcoin may be used somewhere for any unfair means but it doesn’t really mean that bitcoin is meant to promote such activities. It depends on the users for what purpose are they using the currency. The illegal activities are already there ever since bitcoin is not yer created and yeah we should not blame bitcoin for illegal activities because even the creator of bitcoin doesn't want to use bitcoin in such illegal things that can damage its image in the other people or majority of the internet people but we need to always remember that bitcoin is always created for good and we can't prevent bad things because it is part of our life. |
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We are going to be rich with cryptocurrency because if we buy now and hold it for long term then it will make us rich because bitcoin is like a real estate property that year after year the price is keep going up and the only winners in the end are long term people so i don't think any kind of negative thoughts because bitcoin already gave me good life.
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What can we do, people who use bitcoin has their own freedom to use it in anyway they want to, everything can be used not just for their purpose just like Bitcoin it can be used for good or bad as long as it is your own, I prefer bitcoin over fiat for it is anonymous, but i still wouldn't use bitcoin for that reason.
Fiat is for everyday need purposes,like buying everyday need stuffs,foods etcBut in terms of saving or sending money I prefer bitcoin that saving or doing bank transactions. Theres more chances to save in btc than in banks. It is a smarter and wiser way to just use bitcoin rather than the banks because the banks are useless in terms of sending money from other people because it might take a lot of hours and days before the money comes while in bitcoin it will just require at least a few hours and you can get your bitcoin and convert it into fiat. |
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I just watch a video about the quantum computers which is a very dangerous threat for bitcoin because it can hack bitcoin because of their very powerful computer or machine that can compute algorithm even more efficient and faster than before. Bitcoin system could possible collapse if this kind of threat will not be solve.
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I think it never can be true  If we will have a cryptocurrency that has an unlimited supply like the money that we have right now then it will be very easy for the cryptocurrency too replace the real money as of now because people loved being convenient so it will be an easy replacement for the real money and soon it will become the most used in the world. |
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I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.
Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?
Personally, i treat bitcoin as an investment too. And I think treating it as an investment should never become an issue to us. We have different perspective and views on how we see such thing specifically bitcoin. Today, bitcoin's value is changing from time to time. That maybe is a big factor why people chooses to hold their bitcoin and wait for it to profit. Since the rise of bitcoin prices, I never cash them out and just hold on - I will definitely accumulate more bitcoin as days go by but I will only cash it out when it reaches $3000 in price I guess but to be honest, I really don't have any plan of cashing out now I am just holding:) Just stick to your plans because someday it will payoff and for me, don't settle for less and don't focus for short term profits because you can still earn a lot more money than that because the price of bitcoin up to 3,000 USD is still undervalued and it can still go up even more in the next few years so it is worth it to just hold and have a lot of patience because in the end, it will pay off. |
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Yes, I am still holding my bitcoins in my wallet because i believe in long term profits and i think that the price of bitcoin will reach up to 4,000 USD at the end of this year or even at least 3,000 USD and after this year the rally will continue up to 10,000 USD. I do believe in bitcoin and i don't care if the price will fall very hard because the only things that i know are buy low and hold.
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This is the only thing that i know that is working for me when i got stuck and unconfirmed transaction in the blockchain but remember that you need to have at least a good amount of fee because if you don't have then it will not be able to push (Based on my experience). https://www.viabtc.com/tools/txaccelerator/ most of my friends uses that and if it says it is beyond the limit then wait until the next hour because they only refresh every hour. I hope it helps. |
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I decided to try Exodus, a desktop wallet (and looks pretty good). I downloaded, installed, and did a trial transaction as they recommended.
Trial transaction:
1. Went to Coinbase. Used debit card to buy $10.00USD of bitcoin. Was charged $10.99 for 0.0036855 bitcoin valued at $10.00USD.
2. Sent all to Exodus. Was charged 0.0010584 to send to Exodus.
3. Exodus received 0.00264578 BTC valued at $7.11USD.
So, to get $7.11 into Exodus via Coinbase cost $3.88.
Why are the transaction costs so high? Is this typical for small amounts?
The fees now are very crazy because it is not that fair for us to pay because if we don't have big amount of bitcoin to cover those fee then it is really a big loss for us and those small amounts of bitcoin that is wasted because of the fee will cost a lot after a few years in bitcoin because we all know that the bitcoin has a great future and this is what we need to fix to be sure that bitcoin will have a great future because if this over priced fees will not be corrected then expect some users of bitcoin that will transfer to other coin. |
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Of course, everyone can use bitcoins. Currently, people who are using bitcoins are also ordinary citizens. Bitcoins are easy to understand and very simple to use. There is no rocket science involved to get the knowledge about bitcoins, it is user friendly.
That is correct because bitcoin is created for all of the level of people and there is no boundaries for bitcoin like what financial status is required for you to use it and like what are the standards of bitcoin before you use it. There is nothing like that in bitcoin because all people are equal in bitcoin and it has been created to solve issue that we are facing right now and those issues are faced by all of us. |
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I keep bitcoin on the wallet exchanger, because almost everyday i do trade transactions. At first getting to know bitcoin i keeped using walletqt, but after understand trading i rarely use it.
Just remember that putting or storing your bitcoins there is very risky because you cannot predict if your coins will not be gone in that site because the hackers are always watching. If you want to make your coins safe then you should have a wallet for them and just put the enough amount of bitcoin that you can use in trading in order to prevent getting hacked or getting your bitcoin stolen by the hackers online. |
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I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.
Bitcoin will never die but it will certainly lose it's value and it will be cheaper, it is a good time to invest on Ethereum Etherium has a potiential really. Well i think you are right that there are chances that the bitcoin will really dumps and it would be in less value so the next in the line is the eth it good coin that is following the step of bitcoin. You are right if thats happen then eth is the best choice to invest on , buy until the price is low then in the future it would be up I agree with you because there is some good potential in ethereum because of its continuous growth in price and also because of the smart contracts in ethereum and the big ICOs that connected or related to ethereum. If i am a new investor and i am planning to buy some good coin for long term then i would probably choose the cheaper to buy more quantities and that is ethereum over bitcoin. |
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