For me I can't really say I have made people buy Bitcoin but I have been able to make about 20 people understand the true purpose and ideology of Bitcoin and the entire crypto space. I try my possible best to educate people to understand about blockchain teechnology and cryptocurrency. But I have been able to influence my friends to invest in other cryptocurrencies but not Bitcoin.
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Bitcoin is an alternative form of money and it was developed to make transaction of goods and services easier and faster. For me, I don't think Bitcoin is better than physical fiat. Currently, physical fiat or currency is the only thing partially backing Bitcoin and the entire cryptocurrency market.
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In my personal view, blockchain is not yet a perfect solution but a better solution for the perfect solutions to be built on. Blockchain technology presents a system which is decentralized making it easier for people to join the blockchain network to share useful resources with no restrictions regarding who controls the amount of information sent or received. In as much of its decentralized nature, I don't think Blockchain can be considered as the perfect solution. There is a long way for this technology...
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Its gonna take a while for cryptocurrency to be considered as an alternate payment option for all kind of transactions whether online or offline. Considering the entire population of the world, just a hand full of people know what cryptocurrency is and those who are aware of it see it as an investment venture rather than an alternate payment option. Due to this, its gonna take a long period of time for people to use cryptocurrency as their payment option.
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There is no need to bother yourself on whether Bitcoin will still remain the king of the crypto market because Bitcoin is and will always be the king of the entire crypto ecosystem. Bitcoin was introduced in the world alongside blockchain technology, and blockchain technology is currently taking over the entire world. There is no blockchain without the mention of Bitcoin.
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The only way you can really understand the risks in crypto is knowing the basic ideology of the entire nature of the crypto ecosystem. This helps you to develop good strategies and plans to maximize your profits from your investments...
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Cryptocurrencies and Blockchain technology are the true definition of financial freedom. Cryptocurrencies are needed to make life easier and simple with no limitation in term of the amount of funds you can send or receive within a specific moment in time. Financial freedom is the ultimate principle behind the development of cryptocurrencies...
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Having a workable product backing a crypto project actually defines the progress and future of the project. Normally projects will workable products usually bridge gaps seen in either the crypto ecosystem or the world in general.
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In my personal experience and observations, you should rather have a good strategy and plan before you decide to either swap your Ethereum for Litecoin. With a good plan, making profits will be quite easier no matter whether you choose to hodl your Ethereum or exchange them for Litecoin. Cryptocurrency investment is all about your plans and strategies used to invest.
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What do you mean by saying altcoins are underperforming?? In my personal experience, altcoins are performing as equally as Bitcoin considering the patterns in the increase of most altcoins between the month of January to June now. If you can't see this, then you haven't really considered the entire altcoin market.....
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The best option is to convinced the person you are sending the funds to get a bitcoin wallet and generate an address to receive the funds. It will be easier that way than any other options available. This will even cut down the fees needed for cross border transactions....
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In as much that the world we find ourselves is full of surprises, I have strong doubt that in ten years time every country in the world will legally accept the use of Bitcoin. More than half of the entire population of the world either have no knowledge or little knowledge about Bitcoin and cryptocurrency. Ths will be the normal problem....
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Well, all these above are basically your assumptions based on the changes you have seen happening in the crypto market. There are good probability of Bitcoin price reaching the $11,500 price mark you are predicting in June 2019 but there are also other possibilities that could cause the price of Bitcoin to drop to either $6k or $5k. We just have to wait and see.
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What haaters fail to understand about Bitcoin and the entire idea of cryptocurrency is the fact that Bitcoin presents real solutions in providing financial freedom to anyone who uses the Bitcoin Blockchain platform and people always prefer freedom than being controlled by someone. Since Bitcoin provide financial freedom, there are huge number of people who buy into this idea and will crush anyone who try to damage this ideology.
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This is a wide assumptions although the crypto ecosystem is full of unpredictable possibilities. The very possible price I see Bitcoin reaching in 2020 will be around $15k or $10k.
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Looking at the transaction fees needed for a Bitcoin transaction to be confirmed, It will not be a great idea to buy a coffee using Bitcoin. It will be advise to use Bitcoin for transactions which involves you sending more than $20 worth of Bitcoin than transactions less than $20. And looking at the current state of the crypto market, no one will buy coffee using Bitcoin, because Bitcoin is regarded as a investment currency than a normal digital money used for exchange of goods and services.
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I'm curious to know what the community thinks in terms of how user friendly entering this market is? I know we've come a long way from the days when UX/UI was extremely poor for most companies but are there other areas that require improvement?
What do you mean by asking whether Bitcoin is user friendly? are you referring to the way funds are sent or received on the Bitcoin platform or the wallets used in sending the Bitcoin whether they are user friendly? Bitcoin has always been user friendly and there are platforms that even provide more user friendly platforms to help users to easily send and receive Bitcoin...
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This is quite interesting. Why do you want to use your kitchen appliances as mining tools to mine cryptocurrency??... How are you gonna configure the mining software on these appliances? Please get yourself a mining computer or build a mining pc rather than thinking of using your kitchen appliances.
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Hi everyone. I'm new to mining and I want to try out GPU mining on my old computer. My PC has a AMD A8-6410 processor up to 2.7 GHz. What coins can I mine with this please?
Considering the difficulties associated with mining the top minable cryptocurrencies, researching and identifying new minable crypto coins will be the best option in order to maximize your profit outcome. New coins mostly have less difficulties comparing them to the top cryptocurrencies regarding their mining difficulties. I will advise that you do some research to identify new mining cryptocurrencies.
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The crypto ecosystem has no specific time for investing. It is all about knowing and understanding the investment principles and having a feasible plan and strategies which will help you reduce your risk potential when deciding to invest in a particular crypto coin.
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