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It's true that some geopolitical factors have influenced bitcoin price,but it should also be noted that bitcoin has managed to survive despite strict actions from China against it.
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What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?
I think that bitcoin is now far ahead of seeking the support of such big personal to survive. The word bitcoin has spread all over the world and remains unstoppable. |
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Crypto investment is truly a risky investment.Only thing which could be done is that prior analysis must be made to track the most under valued coin before investing.
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hi guys, i work at a website online and i get paid via btc but i use coinbase to recieve on because i'am afraid if i put my desktop electrum wallet for my recieve i won't get them if i'am offline! if i'am offline would i get them ??
Yes with no doubt,you would receive them even if you are offline. |
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It shows the huge difference in opinion in thinking about bitcoin between the two successful people.
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It's true that some have got rich with such altcoins,but its not due to the potential of such coins but just due to that coins getting pumped.But bitcoin is not like that.
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Hi All
Keeping in mind the growing security issue of safekeeping our cryptos, just wondering which is the best hardware wallet out there? Thanks in advance for expert suggestion / user's experience.
Trezor and Nano Ledger S. |
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I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?
Some even think it as a pyramid scheme too because they actually don't know about bitcoin. |
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It's because bitcoin is a decentralised currency uncontrolled by anyone which is created only for benefiting people by providing P2P transactions.
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Yes Warren is totally wrong about bitcoin as he lacks knowledge about new technologies.It would be better if he just keeps his mouth shut in matters which he doesn't possess any knowledge.
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Until now,there is no such company which provides bitcoin loans.Its high volatile price might be another reason for any authorities not providing such services.
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Why not? Bitcoin has turned many of its investors to millionaires and now,its the only high ROI giving asset through out the world.
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It would be better if bitcoin doesn't get regulated.But no government would be ready to allow it to continue without regulation.But we should also not forget that Japan government's regulation has made it widely accepted in Japan.
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Bitcoin is the Pioneer in crypto currency followed by ethereum.Bitcoin is used for P2P transactions whereas ethereum provides a platform for the tokens issued nowadays.
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I think that the USD is more broken as it is already in its final phase as global reserve currency.China and Russia have already started to use their own currencies instead of USD for international trade.
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Bitcoin has helped many unemployed people to increase their standard of living thereby indirectly helping to improve the economy of a country.But bitcoin would not be able to change the world economy.
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Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
Future is great for cryptos but still it has drawbacks like being able to use only online.But we should accept that it's the booming industry. |
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In recent times, some new ICO companies have been kidding about Bitcoin on Twitter, Facebook for their ICO promotion. I think this promotion way is very negative for Bitcoin. They showed that Bitcoin will be destroyed and their token will become number one. They have presented it in such a way that the price of Bitcoin will not rise anymore. I think this type of promotion is very negative in the market.
I think that they mainly forget that even the altcoins are valued in bitcoin and if bitcoin becomes zero,then the altcoins and their tokens would have to become zero. |
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Some term it as a pyramid scheme while some others term it as a ponzi scheme.It's just used to misguide people about bitcoin.But it's not true.It's a decentralized currency and so no one could use it in such a way.
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Its true that most people buy altcoins and find it as a way to increase their bitcoin holdings.If the number of altcoins increases,definitely it would increase the bitcoin usage.
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