I have to believe that it redistributes wealth since we are gaining income from this but I'm not sure if it's exactly from the wealthy to the lesser ones. It all depends on the strategy used by the individual so it's completely random.
When a person used a wise strategy, bitcoin can distribute wealth and even the poor can get that wealth on their side and the rich become richer. It is depend how you handle your earnings to make it grows. There is no possible things going to happen when we work thoroughly for it to achieve our goals in life. Success can help us to gain wealth, and it depend to us what we are going to do to make it stable. |
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How can you invest in bitcoin without being scammed? There are people using very fine techniques like selling bitcoin cash in name of bitcoins using confusing websites name. How to be safe from such scams ?
It's really difficult to avoid from any scamming activity because even legitimate sites are now being attacked by scammers and also they are making their sites more attractive influence people to use so they can get importants information. Invest in coin that has potential and not for those developing coin, also it takes less risk when you invest using local exchange rather than different platform or exchanger that is being hack easily. Also do not believe on those people easily because sometimes soft spoken person used their ability to scam people. When you already have bitcoin, much better to hold it and never sell on low price, wait for the good price. |
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I think will Bitcoin can become a legal currency in Southeast Asia. Already at this moment, some countries are accepted bitcoin payments. I saw they can buy vehicles, foods, clothes using Bitcoin payment. By the way, all people are very like to BTC payments because It is very safe and fast and easy to use. I think definitely, BTC can become a legal currency in southeast Asia and worldwide legal currency.
There are many of the country in Southeast Asia that accepts Bitcoin as payment and many of the people that joins in crypto and already earning. There is also local exchange being used to easily transact faster and easier. I am hoping that bitcoin can apply on the market and used as payment and everywhere can access on the internet because it could help for a good improvement of the economy. |
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Education is the key in every aspect of our lives so it would be dumb to say that it is not one of the most important factors in crypto trading as well. What is really sad is people don’t even understand fiat currencies. For example, for the first time in my country was held an Economic Olympiade, and its results has shown that young people have no clue how money works. Same applies for conversations with older and more experienced people: when I would like to talk about money and discuss some interesting ideas, I doubt they even know what inflation is. This adds another step in our way of educated society, and unfortunately, I think it is going to take some time.
Education is the key of every success in any field of learning. We cannot be successful even in crypto when we do not know the process of it even the market that is cannot see. Every innovation and interesting ideas being develop because we educate ourselves how to work with it and the market where it going to circulate. It is good to learn first the factors in investments and trading even when we want to start own business or platform that can be used for the existence of crypto. |
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It's only a matter of time, of course, for the currency to be moved by a virtual currency, be it bitcoin or altcoin, but this should be due to the requirements of time that will change.I hope this will come true in the future when everyone starts accepting bitcoin and other crypto currencies as a medium of exchange.
Maybe in the future, there could be a place for crypto and used for payment system everywhere and there is no more banning. Reason of development mostly is to make improvement of payment method which is being stopped because mostly of us used crypto as an asset and less for currency. I hope that this goal could apply sooner for us to have more faster and convenient manner. |
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Its part of the experience as a bounty hunter. In my case, I have not been paid in half of the bounties I joined especially when I was new and joined any campaigns I find. But now im more particular in joining bounties and look deeply to the project and the team running it.
I agree. There is no way for you to quit when you experienced to being pay from your effort or the project just a scam. We should learn from it and search deep about the project. Do not choose easily the bounty and never believe on one information. Do not quit but instead do much better and improve your analyzing skills. I received a reward but never been listed in exchange but still I am hoping for it to be valuable. |
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Of course, if they are afraid to take some risk do not invest in crypto and forget about it. Forget that you have read it. For i believe that in crypto, you need to take some risk.
Crypto is the definition of the word risk. Anything you do in crypto can lead you to losing or making money. Nothing is safe so the potential profits are bigger. When joining in crypto, you have to know how much the risk from it to make investment. Even not in crypto but all investment is about taking of risk because it involves money to have profit or losing it. If you are not ready for what going to happen or even controlling your emotion, do not invest because you can lost everything unless the price become stable and increase for short time and not goes down huge amount. Find another way to have bitcoin without needing an amount to start with. |
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Human beings really dont read nowadays and wants everything so cheap in this life. I think people who read and understand btc will understand how it is and will forget it. Those that doesnt know much about btc are the people who always cries and makes such complains about btc.
Right.It cannot be avoided that lot of fuds are now spreading so the least you can do is to ignore it because they only make the market pull down.But others seem to believe on the fuds and now seeing bitcoin negatively.While those people easily forget bitcoin so soon,the true believers of bitcoin remain calm and strong up to the present times. Many of people are afraid to take risk but want to earn huge profit in life. Some are just following the thread even not understand the market who spread negative information about bitcoin. True believers are the one who are lucky keeping and learning on how to grow but those who are afraid and close their mind because of negative experiences will forget about it. People who are not ready for the consequences of investing, can stop believing and complains very much about the change when they are near to get lose. |
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Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?
I think if bitcoin will lose its dominance. Many people here will have doubts in bitcoin. And they will start not to trust bitcoin. And they stay away from bitcoin. I think it would not going to happen because bitcoin is one of the trusted coin in crypto. But if that such things happen and loses it's dominance, maybe no more can trust any of the coin because their foundation cannot be trusted by any one and no mater how they develop the new coin that has same function of bitcoin, many do not going to believe in it. Everything will be doubt by people. |
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The transaction costs of Ethereum and Bitcoin are also quite different. In Ethereum, they call it "gas" - the cost of the transaction depends on their storage needs, complexity and bandwidth. Also in Bitcoin, the transactions are limited in each block size and equal to each other.
There is different between the fees on bitcoin and ethereum in every transactions. Sometimes, fees depends on how much the system you are using to process the transactions. The fees depend on how much you do not want to stuck on traffic and you want much faster response and transfer of your transactions. It is the reason why there is high fee because some people do not want traffic. |
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I completely agree with you that it's necessary to get rich in it for a long time and work hard because money does not fall from the sky just so no one.
Crypto can help for everyone to get rich but not that instant and happen for just overnight. There is no magic for getting rich because it needs not only your effort and hardwork but also self discipline to handle your earnings and make it grows on every way even for saving in bank or investment for different crypto or even in bitcoin. I know trading can help you earn that fast but not make you rich in just a night and a day. |
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we will not get to the point when the amount of bitcoin lost is so great that it breaks the system because I think more and more people are realizing the value of bitcoin and they will take care of it more carefully
When we lost, we learned to take care of what we have. We experienced from it and we have phobia that it might happened again specially when we lost because of being hacked. Being hacked makes you stop doing things and stuck on learning what happened, why it has to be you. Lost bitcoin is not irreversible for those you transfer it on wrong account or cannot get through the traffic that makes you feel bad. |
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Before making any steps in doing investment with and ICO token, be sure you had done your research about the particular ICO token ainly on the Team members, the whitepaper, it's roadmap and the project platform of such ICO. You may also check it the bounty manager handling such project should have no red trust rating and a lot of high ranking members joining on the bounty campaign.
I considered first who is the campaign manager of one project because sometimes the good project is being handled by the popular manager that always become success before checking the roadmap and whitepaper. Investing in ICO is very risky than to invest in some exchange because you are not sure if it become listed on exchange after the ICO and have higher price than the ICO. |
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As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?
I am open to the continuous improvement of technology but I believe that would be too much for a mobile phone to be capable of mining. It would be costly and you cannot maximize the other features of your phone because you are after with mining. Bitcoin mining needs faster processor which smartphone do not have even most of smartphone can be used as computer. Smartphone also is capable to enter by many sites where can easily to be hacked. Though there are some mining in smartphone, it is not like when you work on good processor with computer. Maybe when there is fast processor created for smartphone or develop a mining sites that are capable for the smartphone only. |
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Honestly speaking, some airdrops are worth it. Recently, I have been making some little cash out of some airdrops. Still hodling to some bounty tokens which have not even been listed.
Some airdrops are worth it some are not. I have been also earned from it but not this recent because when I joined this recently, I got scammed and the tokens that has value lost from my account that is why I do not believe again on it. Last Decemer, I were lucky to have valuable airdrop. I gained good amount of money from it which I used to buy gifts for my family and buy or needs. Happy to found good coin but feel bad when you get hacked and scammed. |
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I did so in September but quickly bought ETH with it. I was trading like a boss and I was in profit as almost everyone during that period of time, but I have not sold it, though. Now I am in a loss like many, but bounties are keeping me alive somehow  . I don't regret my decisions as they are already gone and we can't live in the past forever, but look up for a new and better tomorrow is a much better attitude.  I bought Ethereum rather than bitcoin because I believed that the price of eth easily change and give good profit for a short time but the price goes down and stable for the price for a couple of months. I sometimes regret but never give up ad still waiting for the good price. I never buy bitcoin but work to earn it because the price is real expensive adn I do not have any amount to put in it. |
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Those who want to buy will stop buying after a price and if all others are HODLing then there would be no volume in market. Ultimately those who are in profit and want to liquidate their holding will start selling. 100% people are never going to HODL. So after sometime, there will be balance of buying and selling again.
When there are all hold after buying, price of selling will gonna rise which everyone waits for. The circulation in the market will be corrected and there can be balance of everything. Good choice to hold but do not over it because on the big rise everybody are awake which can make the supply to be enough for the investment of others but maybe that time, no one can take risk of buying in high price. |
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Yeah it is bad that scammers are getting their ways into the crypto world, which ultimately will have impact on the genuine projects. It is very bad for investors who are cheated under various pretexts. So we have to be extra cautious about such scams. Therefore this is how regulation is needed. In bounty campaigns too, those involved in it are cheated either by not giving them rewards they get.
Yes, a lot of Scammer are in bounty campaign, sad to say, that i was one of many victims for such bounty campaigned, 2 months ago the said campaign ended with the Bang.... it also goes with us participant for such campaign, banging our head for none payment of our time and efforts, all are wasted. It is mostly happened because even how good the paper of one projects, many are fake from it. You keep hanging there waiting for nothing and all effort has been wasted but nothing to do with payment that never been listed on the exchange. I have many coins being stuck on account because there is no change even voting on going to decide where to list the coin of a project. |
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Bitcoin, it seems, is everywhere. It’s in the news. It’s on phones. Perhaps the easiest way to invest in Bitcoin is to simply buy some. This strategy paid off handsomely for early adopters of the digital currency.
you can also mine them. In the early days of the cryptocurrency, mining was a relatively simple endeavour
Everyone can invest because you can buy bitcoin everywhere. Price is very volatile what might has to know by those who are new and trying to take all the risk. There are also way to have them without putting any investment but all your effort to work. Mining can be always their but you need to buy their servers that also need investment |
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stakes is like your share . Where do you get this stakes? you can get this stakes when you join a bounty campaign ig an ICO project like signature campaign or social media campaign. every week you have your stake calculated and at the end of the ICO you will be paid based on your number of stakes.
Stakes is where the project team based the tokens giving as the reward for the participants in different bounty campaign. Stakes are distributed every week ad payment for those who work for that week. Number of stakes depends on your rank and how it is being distributed to everyone. |
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