I don't think quantum computing will be any threat to bitcoin's existence because, quantum computer is basically a theory till date and far from becoming a reality. Also like we evolve with anything that effects us, bitcoin will also evolve to make up with the changes.
Also even if quantum computing is introduced in some time, it will not be an easily accessible technology to the masses. The adoption and use will take a long time. So I see no threat to bitcoin as of now.
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Like any other casino, bitcoin casino is also a business. So the owner will have to win otherwise he will not be able to run the casino. However, there are many people who have earned a lot from bitcoin casinos. There are even more people, those who have lost money in casinos. That's what the profit of the owner comes from.
Remember, the house always wins. But few lucky persons win as well.
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Probably the reason behind not using bitcoin can be the lack of understanding of the technology. Many people will think bitcoin is illegal if they come to know that it can be mined through a computer program...
Those who are not tech savy they will have problem understanding the logic behind bitcoin. That's the main constraint.
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I know few 45+ people who earns online through various methods like blogging, marketing and coding. I don't know in particular whether they earn bitcoin or not.
But there are so many tech savy old people who can earn in bitcoin if they want too. Remember, aged people are more experienced than us. SO they can surely earn bitcoin better than us if they want to.
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Bank can't solve our mining and other crypto currency related problem in any way. Only thing a bank can do is to facilitate payment and help in exchange service.
But I think it is better not to involve bank in to bitcoin because, then your earning will have to be declared mandatory to the regulatory authority and you will have to pay taxes on it.
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There are a lot of things you can do with your bitcoin. First and most important tings you can do is to send all your bitcoins to me You can trade for bigger profits and also you can exchange your bitcoin to your preferred currency and make the most out of it. However, my suggestion is that, hold your bitcoin instead of spending it for silly things.
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Leaving a daytime job to go full time on bitcoin is the most badass idea I have ever heard in my life. Bitcoin is not a tangible asset and you can only take it as an alternate investment. It is not a good idea to go full time on bitcoin.
Keep you day time job and also earn bitcoin. IT may give you a very nice retired life or may not. But you should not completely rely on bitcoin for your daily expenses.
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Why wouldn't I?? Definitely I have a bank verified paypal account and I really enjoy the services of paypal in my country..bitcoin is anonymous and decentralized but when it comes to transfer money to my bank account, paypal comes to my rescue.
I have been using paypal since last 8 years and I am really happy with it.
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Probably Mr. Satoshi knows who owns 1000 BTC single handedly. 1000 BTC means 650000 USD and that comes to 4 billion in my local currency. So someone who owns that much, they will never announce it on public.
I wish my best friend owns such amount so that I can have some profit. LOL!!
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Given this choice, I would go for GOLD. Because GOLD is a tangible asset and most of the fiat currencies are backed by gold. This metal has a very little chance to go down. The women will never lose their interest on gold and the sales will remain strong.
Gold was always a good investment since last few decades and I would like to keep my trust on it.
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If I lose all my bitcoin then I will lose a minor chunk of my savings which I have been earning from last few months.
My life will not be affected by any way. Only the future savings will not be in place. But I can recover my losses within next six months from my salary. I have not taken much exposure in bitcoin. It is just a little of my salary.
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It is very risky for someone to transfer 500 BTC to the bank account without triggering the alarm.
So it is wise to transfer in fractions. May be 5-10 BTC in one go. This would ensure your banks will not raise any concern to any regulatory authority.
Also the frequency can be monthly instead of weekly. This way you can show it as your salary.
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No and never, I am sure even Mr. Warren Buffet wouldn't have done such mistake.
Everyone needs to learn diversification. Taking 51% stake in bitcoin where there is no regulatory authority will be a lot of risk. You may win or you may loose. Taking 10-12% stake seems ok but not 51%. It is a huge risk.
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WHy not?? Obviously you should buy a house with your bitcoin holding if you can. House is a tangible asset and you must invest in it. Most real estate investment give good return in long term.
If you already has another house, you can give it out on rent, which will ensure a monthly income to your family. Go for it man!
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Bitcoin can never be independent from fiat. It can't be. You need one currency to compare its purchasing power parity.
SInce USD is one of the most strong currencies, we have picked it up to compare its purchasing power.
At the end of the day, you need to convert it to a fiat currency to get the benefit of it. So people have chosen USD.
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Thats a funny question..In todays date if I retire, then a million usd would be fine. But if I retire after 20 years or so, then a million dollar will not suffice. That all depends on the economy of that time. The inflation will be so high that even a million dollar will not be enough for me.
So I will try to save around a three million usd for my retirement so that I can live a lavish life even better than today,.
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Bitcointalk is the most active bitcoin forum I have seen in a while. Informative and like minded people who earns bitcoin.
You will get instant help in anything related to bitcoin by just posting a thread in the correct sub forum. Also you will find a lot of money making opportunities as well. You can also join a signature campaign to make some free money here.
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Absolutely not! I don't want to see bitcoin price is at $100 level. I will be in a big mess if it happens. My hard work and dedication will have no value then. I want to see bitcoin price to reach an uncharted territory so that I can be a rich man. I will be able to make some of my dreams come true.
Bitcoin is a great innovation and we have the chance to make the most out of it.
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Ohh my GOD!! you have half a million in my local currency. You are a rich guy man!
The best investment you can make is to hold it. Don't sell your bitcoin and just hold it for another 2 years. You will become a millionaire in my local currency very soon.
But if you still wish to investment, then start trading. But never use all of your bitcoin. Only start with 0.5 BTC and try to learn.
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Buying bitcoin for long term is always the best investment you can make. I have earned most of my bitcoins when the price was just $450 and now with $650 price, I am sitting on a lot of profit, without having to trade.
Holding bitcoin is also an investment. But you should think long term like 2-5 years at least. If you want quick profit, trading is the best practice you can start. But it has a lot of risk involved with it.
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