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I am very seventh with that but to unite all currencies into one unity for all countries surely it will be difficult anymore coupled with the start of inter-state disagreement as today will cause difficulties between countries to unite the world economy and choose the international currency.
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I think it will not be easy because I notice the end of this bitcoin price is just up and down but not too high just in the range of 12.000USD to 14.000USD and this is a low number after the bitcoin price yesterday reached 19.000USD. so I think if bitcoin wants to start stepping they should be able to get back at the highest price.
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Surely there will be one coin that will take the bitcoin position as a criptocurrency representative and as a coin that has the highest price because it now stands in topcoin that beats the other coins. But I have not thought of another coin that can beat bitcoin because bitcoin is already in the likes of the world community.
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Some countries governments may go AGAINST Bitcoin considering the loss of taxation, threat to the governance loosing hold on the country.
May be criminal activities using bitcoins can not be detected due to decentralisation and a law and order of the countries can be affected.
Since every technology has pros and cons like that way different countries may face different challenges to make it legal so can go against it.
the government will not easily ban the bitcoin because people themselves choose bitcoin to be a tool of transactions and of course people will prefer the convenience provided by technology so that will complicate the ban. so I think the government should take part in providing bitcoin security so as not to be abused. |
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Bitcoin is better than other coins because bitcoin is the first criptocurrency coin and has been developed earlier than other coins. Bitcoin has also been considered a criptocurrency representative and it is well known that many people have invested their money in bitcoin so as to encourage very high bitcoin prices than other coins.
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Bitcoin network can not be hacked because it uses military level cryptography so that transaction will be very safe. No one can use your money or make payments on your behalf. but your wallet can be hacked if you do not increase your security like changing password frequently, not using public computer or internet cafe in transactions and others.
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I do not think at the end of the year bitcoin prices will go up because it is certain that many people are pulling bitcoin into fiat money to spend on new year celebration shopping needs so bitcoin prices will not go up. People will not easily abandon their shopping habits using paper money so making them use bitcoin will take a long time. So the end of this year bitcoin prices will not reach high prices.
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To avoid the cost of bitcoin exchange you have to exchange in local exchanges because although the exchange fee is high but bitcoin price there is quite high from the market price outside, it can be up to 5% as in bitcoin exchange site indonesia. bitcoin co.id, bitcoin prices are quite expensive compared to the outside market so that it can reduce the exchange rate.
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I also feel panicked when I see bitcoin prices start to fall because this will make a loss of my bitcoin investment, but I try to hold it because I believe this is a bitcoin price increase process because we know that bitcoin itself fluctuates so quickly that in just a few minutes later can determine your profit.
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Of course the government can ban the use of bitcoin but it must be through legislative decisions, the government can not directly ban the use of bitcoin without going through the process. But unlike the communist government they organize the nation's economy so tightly that bitcoin will surely run counter to their rules so that most of the communist countries ban bitcoin.
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This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?
I am sure the price will rise again this is just a reasonable process every currency will surely experience up and down as well as bitcoin. bitcoin prices at the end of the year have decreased I think not because of the lonely bitcoin market but there is someone who has a big influence on the rise and fall of bitcoin prices that make bitcoin prices down. |
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What do you think on bitcoin going down? How much will it lower down?
In my opinion, bitcoin will fall again because the bitcoin market is now in a downward condition indicating that bitcoin users are also beginning to decline. But otherwise the other coins actually increase in price. the price of the highest rise of bitcoin is 19000 USD and now the price drops to 13000 USD this is a very large bitcoin price reduction. |
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Obviously this is very important because the exchange rate that makes the attraction of the coin, the greater the exchange rate then the chances of you getting the benefits will be greater as long as you understand and make the right decision. the exchange rate is also a reference to determine when to buy bitcoins and when to sell them so that the exchange rate determines the future of the coin.
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When you buy something on eBay or Amazon, you pay the seller, he ships the product and upload a tracking number.
If you haven't received the item, you can call eBay or Amazon and, basically, what happens is that if they have a tracking number that shows that the item has been delivered, then it is ok, otherwise eBay or Amazon reverses the transaction and you get your money back.
Is that possible with bitcoin? What if I buy a boat online for 2 bitcoins and I never receive it? Is bitcoin able to solve this problem?
Thanks
This is a very serious problem if bitcoin wants to be used for large online stores. So to use bitcoin in a large online store transaction needed is first bitcoin receiver first before forwarded to the seller so that if the goods have been accepted by buyer then buyer will confirm to third party that is online store to send bitcoin to seller. This is almost the same as the passing of the bank but this will make it easier because we do not have to go to a bank or atm machine to make transactions. |
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This will have an impact on bitcoin progress if the government contributes to bitcoin sets, public confidence will be greater and impact on bitcoin price increases because the number of bitcoin users will increase rapidly and this will be an improvement in modern transactions. but I am not sure if this will be good against bitcoin because of course the government will enact new rules for bitcoin users. |
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Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.
Many people bought bitcoin when the price was $12000 or much less than $12000, these people bought bitcoin because they knew about the hard and future forks and now that there is no big news these people are selling their bitcoin to make profits, it happens all the time. if you observe for some time, you will get used to this UP and Down of the price. bitcoin is a good long-term investment, even if the price drops a lot you should not be worried because it will rise Usually bitcoin prices go up then other coins like bitcoincash and bitcoingold will go up and otherwise bitcoin price down then bitcoincash and bitcoingold prices go down but we can see bitcoin prices go down but other bitcoin even increases rapidly in price, this indicates that bitcoin price has started to reach its limit or people start choosing bitcoincash and bitcoingold as a good investment coin. |
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You have to buy bitcoin cash because I'm sure bitcoincash will be the bitcoin bitter. You can see the increase now reaches above 3,000 USD in a very short time. This is a sign that bitcoin cash will be able to grow like bitcoin can even beat bitcoin. The development of bitcoin also now I think has started to reach its limit so it will not grow further than this is different from bitcoin cash that can still grow further.
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Judging the pattern and graph, I believe each btc will cost 20k before Christmas arrives. What do you think?
I'm not sure because bitcoin prices will rise when market demand for bitcoin is large enough or the number of bitcoin investors increases so bitcoin prices will go up and bitcoin prices will drop when many bitcoin users sell their bitcoins. So at the time before natal I think many bitcoin users will sell the bitcoin for christmas so the bitcoin price will go down. |
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What would you do if Saturday Morning you wake up and Bitcoin Price Drops to 0.89 cents?
I would obviously feel really depressed about losing all the value I had built up in bitcoin but then I would take the opportunity to buy a huge amount for when it will ultimately recover as it always does. If that happens then bitcoin is no longer useful as an investment and I will leave it because the price has dropped dramatically. it could happen if there is a global ban on bitcoin users but some countries have legalized bitcoin users and bitcoin communities have grown worldwide so I'm sure this will not happen easily when bitcoin prices are high as it is now. |
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