The only clear answer that I can give is that each country has its own laws. Perhaps they take Bitcoin as a threat. One does not need to pay any taxes for Bitcoin and this will affect their economy. However, fervent Bitcoin users still use them.
It is a shame though. I think Bitcoin and fiat go hand in hand. They will work well together.
Yeah they have the laws but i think they see already see the bad side of bitcoin first rather than seeing the good things about it so it makes them think that bitcoin is not worth it and it was a junk currency that can't help their country but they didn't know that they can do a lot of things to be sure that bitcoin is worth it to use in a country for security and also cheaper transactions. |
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Don't settle for less, aim high and change your target from 1 bitcoin to a higher amount of bitcoins. If you have a lot of chance now to get more bitcoins and keep it in a safe place because for me 1 bitcoin is not enough for us to have a retirement fund and it cost at least 10 bitcoins for an average person to have a retirement fund to enjoy at least 1 year. It is still depends on how you will manage your money.
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Yes, it will affect the bitcoin because of the possible demand that can be lessen in the total or overall demand for bitcoin. If the users of bitcoin in that particular country already have a good thinking that they see a good potential then they will transfer to it and they will not use bitcoin anymore and that is how it can affect the bitcoin.
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With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?
I would like to debate this and gauge the community's response to Bitcoin experiment.
No what this means is that bitcoin is no longer useful for small transactions, since bitcoin fee depend on the size of the transaction and not in the amount you are sending then this means that for bitcoin to be the best choice when it comes to transaction then you need to use it to send bigger amounts of money. Bitcoin is not a smart choice for small transactions because you will not be happy for the transaction fee for every small transaction that you will do. Bitcoin is fast for every transaction but the fee is high and it is only a wise decision for you if you will make bigger amount of money in every kind of transaction. |
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The best about bitcoin,the money transaction is very fast unlike the bank transaction.And the amount of the transaction fee is lower than sending money in cash.and also bitcoin can help you in eaarning money,and you can use your earnings and money wisely in the future.
Even right now the transaction in bitcoin is still fast and reliable and also the fees are cheaper than the usual kind of remittances and that is still a winner than the other kind of remittances. So if you are looking for the best currency that can be transferred fast and no hassle then bitcoin is the best for us. |
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What are the factors that affect the bitcoins value ? Just curious guys. Wanted to learn more.
One of the factors that i know that keep affecting the bitcoin value is the news about bitcoin. If the news of bitcoin is always good then it will affect the price of bitcoin and it will be one of the big helper for the price to pump up and also the investors that are investing in bitcoin and because of the continuous money then it is resulting for a price increase also. |
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I will do that anytime if i have a lot bitcoins on my wallet, but for now im realy focusing on getting a real high paying job to sustain my family. Also hitting good campaigns and bounties in the forum that will make wallet happy.
Its a good idea to start earning bitcoin and afterwards saving it. It would be better if you have a stable job and make bitcoin as another source of income, bounties on altcoins is a good campaign to join in. Saving of bitcoin for a brighter future for children is good initiative. recalled the values of bitcoin some few years ago. We had seen how the price of bitcoin grows leap and bound who knows how it will become in the future. It's better to create a special wallet for a child now and start depositing bitcoin into it this will serves as insurance for the child so as to cater for his future expenditures. That is a good suggestion because that special or separate wallet will become a good investment and also savings for the future because soon the price of bitcoin will go even higher and that is when bitcoin will become very usable in any part of the world and if you saved bitcoin for your children then they can take the benefits out of it. |
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can ethereum exist without bitcoin
or is bitcoin needed because it provides the blockchain
Ethereum can exist without bitcoin because it is a dependent coin with its own blockchain technology so there is nothing to worry about ethereum if bitcoin will be gone because the only thing that i know that ethereum depends is about the price of bitcoin, if bitcoin price goes very high then there is possibility for ethereum to go down because of the most of investors in ethereum are bitcoin users. |
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Now it became show off thing for me by showing my bitcoin local wallet and showing them the actual value of bitcoin am holding. Now people surrounding colleagues friends family every body asking about bitcoin earning methods first then seconed asking how they related with actual money
That is the effect of being kind of people that loves money, they will just be interested when they see that you already getting richer and you are getting more money than the usual average amount. Just show them your money but never spoon feed them because it is useless at the end of the day and you should just tell them the right thing to do. |
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I love to have cryptocurrency day instead of bitcoin day. But the day will be decided on what factor . Do really cryptocurrency making changes in world
It is enough to have a bitcoin day because without bitcoin then there will be no idea for other developers to make their own cryptocurrency. Bitcoin is like generalizing all of the cryptocurrencies and i think it already justify the cryptocurrency if we will just call it as a bitcoin day. Great idea for special celebration and i hope we can have an official date for this. |
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It's really good idea even I am doin that I got 4 month baby even I am thinking that am not only collecting bitcoin from all the possible ways. Even I started to collect some good altcoins like ether and lite pin funny thing is that I am collecting dogecoin more it is the only crypto having in the for of full coin
Just be a risk taker and collect the coins that you think that has a lot of potential in the future. Dogecoin is one of the coin that has a potential if the devs will make a good project or movement for their cryptocurrency because you can see that the price of doge is already pumped from the low price that is around 30 sats so i think there is a lot of things that can happen in dogecoin. |
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Another plan again for their own national cryptocurrency? I think it will not work like bitcoin unless it is centralized and they banned bitcoin from their country so their countrymen will be forced to use their national cryptocurrency but overall it is not a big deal for bitcoin users because just create as much currency as you want but nothing can stop bitcoin.
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All of the positive thoughts about the bitcoin and all of the characteristics of bitcoin is I liked. As a person who go to the crypto world I'm very happy that bitcoin is always strong.
Bitcoin is one of the strongest currency for me also because even there is a lot of FUD about bitcoin and even if it's keep on spreading it is not that easy for bitcoin to be defeated in such an easy fud or any kind of negative thoughts about bitcoin because it has all the needs that you are looking for; security, fast transaction, cheap fees and a lot more. |
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If there is no electricity in our world. For sure bitcoin will die and also us humans will die if there are no electricity in near future. We need to use renewable energy for us to have a long lasting electricity.
Electricity is only applicable to bitcoin because without that then bitcoin cannot reach humans to use it and buy it so it will eventually die but in terms of humans they can still survive if there is no electricity because if not then how the humans back in the old days survive without electricity? |
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Big whales/rich persons that will place a buy orders or will buy huge amounts of bitcoins continues will help bitcoins price to pump and create a price increase that will help all bitcoins holder no matter they are rich or not
That is one of the reason why bitcoin is pumping right now because of the big demands that are coming because of the rich family or persons that keep investing in bitcoin. Rich people or families are already invested in bitcoin i think because of if not then bitcoin will have a lot of struggle in pumping its price. |
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There is no effect that can be reflected in bitcoin because bitcoin has its own community and supporters and it is not depending in the other type of organizations that promotes centralization so even russia make their own bitcoin they can't still overcome bitcoin because bitcoin already prove itself a lot of years passed.
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Hello.
My question is where are the Bitcoins sold on the wallets online ?
I ask this because when I check the Balance of my Bitcoin Address on Blockchain.info I notice that I am at Zero (0 BTC) so I have about 0.0005689 BTC on this Account when I am logged in to the Wallet of the Address.
So how to explain this please ?
Why is the Balance of my Bitcoin Address on Blockchain.info different from that of the Online Wallet (freebitco.in) ?
Thank you for answering me.
You are just confused to your situation. First of all, blockchain.info doesn't have connection with freebitco.in and you are checking your wallet which is the main wallet for your storing and you are just comparing freebitco.in balance with your empty wallet, if you want to get that amount from freebitco.in then withdraw it and transfer it to your wallet. |
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Wee, I agree that in most of the countries there is yet no infrastructure developed for the regular usage of bitcoin but it doesn't mean that bitcoin is useless. We are still in the beta stage and we have yet to reach milestones. Don't forget the speed of the internet in the first few years of its invention and when you compare it with that of today's internet what do you find? Same about digital storage, computing power and so many inventions out there. Things take the time to develop and those who have faith in it are accumulating it for the purpose of profits, nothing wrong with it.
I totally agree with you, it takes a couple of years to revise invention for the betterment of everyone. Bitcoin is still taking baby steps and could take a couple more years for it to be well developed. And I don't think bitcoin is useless just because there are other countries that doesn't have bitcoin ATM or whatnot, but some countries are slowly developing their knowledge and are also trying to keep up with what other countries are having. It takes time and we should give it time and it will progress in the near future. I recently read a news about market research that predicted, bitcoin will possibly reach $100,000 in next 10 years. I think, there are at least 500X people who have no idea about bitcoin and they will join us within the next few years which will boost the community, infrastructure and the price of bitcoin. I see a very bright future for bitcoin, especially in the developing countries. There is not too much to explain about the potential of bitcoin, we can say that it is infinite, but in fact, it is always limited and managed by the government. Although the government accepts bitcoin, there is also a way for them to control the existence of bitcoin. Bitcoin has a bright future, but it does not think its value has increased unceasingly, 10 years is a long time, but I'm sure it can not reach $ 100,000. Surely We can Control the Existence of bitcoin by keeping the bitcoin, and the growth of the community of bitcoin enthusiast is a one key for this, but I think It was never meant to be controlled or be managed by the government, we already had a fiat currency, and it was only designed for independent peer to peer transactions, Being decentralized, Bitcoin has no leader,no office, and no tangible asset backing. Bitcoin is created for freedom and not for any kind of controlling or any kind like that because i think the creator creates bitcoin because he is so sick about the fiat and all of the problems of it so he tried to make another type of money that can be the future money and that is bitcoin which is very decentralized that nobody can control them. |
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I think Bitcoin is also considered as a legitimate source of income for us. We can earn Bitcoin in many ways, such as signatures, advertising, or investing. But the signature campaign is the safest.
The amount of Bitcoins which you can earn from sig campaigns is limited (regardless of your rank and activity here). At the best, it can be a passive source of income. No signature campaign which is currently active can replace a full time job. Yes it's true, not easy to earn bitcoin from signature campaign, we must be good at writing and discussion, I think the best way is to trade, so that we can produce a profit no limit. Yeah. Those who try making signature campaigns as their main source of income end up farming accounts just so they could earn more. It leads to spamming and farming because we all know that 1 campaign isn't going to cut it.  So, signature campaigns + investments + working for a bitcoin related site + a bit of trading, could do it. That source of income is a good combination for each other because that will lead someone to earn a lot of profit because if someone will just focus in signature campaigns like you said they will end up having a lot of accounts for farming while if they choose a lot of sources of income then they can easily earn more than the signature campaign. |
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There are many ways to earn a bitcoin, like trading, gambling, joining in signature campaign, and investing. But you can't earn a lot of money if you are not willing to go to the crypto world. My suggestion is always read many articles about the cryptocurrency.
Maybe you should remove gambling from the source of income because it is not a right way to earn bitcoin because of the high risk and also low possibility for you to win that situation and make a lot of profits. If i were you, i will just do trading and signature campaign and a little bit investing so i can be sure that i am earning bitcoin. |
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