Trading in Bitcoin/Altcoin is better than Bitcoin/US Dollars.You can start trading even with very low investment in Bitcoin/Altcoin when compared to Bitcoin/US Dollars.trading in Altcoin will yield you more profits but at the same time, its highly risky.
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Instead of holding Bitcoins, you can start trading by investing in Altcoins. Since there is large fluctuation in price, i think it is not a good decision for holding Bitcoins for a long time.Even though trading is risky, its better to trade in Bitcoins/Altcoins.
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You have lots of websites which gives you the basics of trading.I learnt from an excellent tutorial from a blogspot for free.You can also try this... http://alunacrypto.blogspot.ae/.Then you should start trading with low amounts initially.Later when you gain confidence, you can start trading with bigger amounts.
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Bitcoin is not dependant on china and so even if china is not there, Still bitcoin will be alive in the market without any change.If mining is not done in china, it will be mined in some other parts of the world.
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Bitcoin can be invested in trading.Better buy an Altcoin which has a good reputation in the market.But its highly risky.But after investing in altcoin, you should follow up the price variations happening in Altcoin.
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Bitcoin is the future currency.Its value keeps on increasing when compared to fiat currency.Transaction fees is very low when compared to fiat currency.Bitcoin transactions are secure and cannot be traceable by government.Bitcoin has given financial freedom and thats why i use Bitcoins.
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Just like dollar or any other currency is used for good as well as illegal activities, Bitcoin is also used for good and also illegal activities.It cant be avoided.The interesting thing is bankers and governments who hate Bitcoins try to create a picture that Bitcoin is only or mostly used for illegal activities.But its not fully true.
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Money can be seen and touched.Since Bitcoin is a digital currency, it cannot be touched,Transactions through money costs more charges and transactions through bitcoins is made at very low cost.Transaction through money is traceable and transaction through Bitcoins is untraceable.Tansactions through Bitcoins through money is fast and transactions through Bitcoins is also fast but confirmation time for Bitcoin transaction is slow.
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I heard italy is going to levy tax on Bitcoin earnings.Some other governments are also discussing about how to impose tax on Bitcoins.Now, we dont pay tax for Bitcoin earnings, but only pay tax when we convert fiat to BTC or BTC to fiat.
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I think untill 2050, Bitcoin will not be replaced by any other crypto currency.Reputation of Bitcoin is very good compared to any other crypto coin.Eve if any other altcoin replaces Bitcoin, Bitcoin will still be existing in the market.
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Yes, its risky because when you get paid your salary in Bitcoins, when its price decreases, you will suffer a loss in your salary. Similarly, if Bitcoin price increases, you get more salary paid.Bitcoin price is highly volatile. Its not advisable to get salary in Bitcoins.
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I would love to buy electronic goods because i always wish my gadgets to be updated one.Hope i would see it listed soon.
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I would like to buy all day to day needs products through Bitcoin which is far away from reality now.Each and every time, i have to convert my BTC to fiat and buy.Especially, i want to buy electronic gadgets.
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You should explain them the benefits of accepting Bitcoins as payment. Your transactions cannot be traced by government and so your income will be tax free.Payments once you got through bitcoin cannot be replaced to customers.You should explain these benefits. Rather you could show them video documentaries about bitcoin to make them understand easily.
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Definitely, price is going to cross $1000 by the end of december 2016 as we could see the price raising in a speed pace.If Bitfinex had not occured, we would have crossed $1000 by this time.
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If Bitcoin price falls, dont get panic and start selling.Its the exact time to buy bitcoins and hold it as Bitcoin prices are expected to rise high and now we can also see bitcoin price is steadily rising.If you sell, it will only be helpful to big whales waiting to buy.
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See, there is an universal rule that each country should print its paper currency in proportionate to value of gold it has. But only, the US government dont follow it. They print countless amounts of paper money as they wish.If all of people suddenly return their dollars and ask gold for that dollar value, US government will not be able to pay.So, definitely US Dollar is going to collapse and obviously,US is going to collapse.
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Bitcoin cant make banks disappear.There are lots of people who dont even know how to use computers.Bitcoin will be a secondary option in payment.Bitcoin would definitely decrease the number of people using banks for transactions. But banks are universally known to all.Banks will last at least for lending loans to customers.
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In India, Bitcoin is getting popular nowadays slowly.Surprisingly, a school in banglore has announced that it would accept Bitcoins as payment for fees.It has created curiosity in most people to know about bitcoins.But, Bitcoin has a long journey to reach all people in our country.
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Governments fear Bitcoin since they may loose their revenue which they get from taxes.Bitcoin transactions are untraceable.Moreover, banks may force governments to ban Bitcoins as they also loose their income which they get through transactions.I dont think it would create a huge impact on Bitcoin.The world itself is moving towards digitalization.Rather, governments can regulate Bitcoin by certain laws instead of banning it.
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