Wow. I wish if only this turns out to be true. It sounds too good to be real and I mean to have Satoshi still around developing bitcoin means everything to the community. But anyway, nice April Fool's prank. It almost caught me as well.
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If there is going to be plan B then there supposedly should have plan A. So can I presume that since he is a bitcoin bull the previous price hike that we saw the price rally close to 300 has something to do with plan A
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Talk about paying in bitcoin i think it's safer. If you overslept because of exhaustion all your money might be gone. However with bitcoin if your wallet is password protected, the worst that could happen is you will lose your phone or maybe your clothes and watch.
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Eventually it all goes back to yourself on how you control the spending desire. Yeah you can assign some program to lock it or do whatever is needed but main thing it still goes back to you. Similarly like your finances, it all depends on how you manage it.
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I can imagine life will continue as it is being enslaved by the existing banking system and forever be blinded, robbed of our financial freedom. At least right now with bitcoin we have options. The people have choice to choose from.
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Talk about halving we should now expect it to take place much earlier than our projected date. I expect this to be the milestone because then we'll see how efficient mining can be to continue remain profitable
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I don't think satoshi expected this but anyway it shouldn't be a cause of concern as the economy will by right adjust itself. I guess he must be proud to see the hash rate going up to current level
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The best thing to do is have them try out themselves how things work. Lead them to faucet and tell them basically the bitcoins that they earned is equivalent to real money. Once they got hooked they will by themselves search more information and voluntarily learn about bitcoin. I find that it's much better than telling about decentralization, deflationary which doesn't impress them at all.
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There is no way for you to find out the private key just by knowing the public key but you can certainly brute force. However the probability using this method to find a private key that actually holds bitcoin is low. To hack the network you will need considerable hash rate to do so, thus overall in general very much unlikely.
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Generally I try to avoid that even though you can encrypt it with a strong password before storing it in cloud services. It will become a problem if you accidentally lose the password so it becomes another problem instead.
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If bitcoin managed to secure at least half the fund currently trading in nasdaq that would certainly make a whole lot difference to drive the price upwards. While that means fresh fund....But not sure overall is good because that would cause even more volatility
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There are still so much more to bitcoin in terms of development mainly the infrastructure in terms of payment system. When the adoption rate grows and become higher, price is certainly going to move up. There are still so many people who have not known about the coin so imagine when this takes off what would be the impact. So in reality we are still not too late to join the bandwagon.
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I think your main objective is to offer price as low as possible in order to crush your competitor and then hoping that you build up your customer base from there. I think that is pretty much workable business model if you can sustain long term maintaining at that price. Only the most well run business will survive
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I'm sure these people know what they are doing. It's not like when they make investment they haven't prepare for all these eventualities when it comes to price dropping. But anyway have reasons to believe that these are exchangers account.
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I will sell a part of them and keep the most.
I think I would be all in or nothing. I wouldn't just sell off half if it rose a bit, if I really thought it would go higher I would keep saving until I am happy with my profits. I don't think I would ever just sell half Definitely not now but I really don't have plan in mind on when to sell. Maybe i will continue to hang on and if one day bitcoin has gone mainstream, there is no point in selling and then having to buy back again at higher price.
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I believe in only spending when it is necessary. The worst is taking loans to buy stuff that depreciate in value. Younger generation these days tend to spend indiscriminately leaving very little for savings. When it comes to saving it's a matter whether one has the discipline to do it.
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Right now it hasn't change anything but at least it has given me hope that one day the bitcoin will be currency for our daily use. I find that trading is a very exciting activity and mainly what i like the most is collecting every coin that i can afford
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Each individual has the right to his own opinion. One thing i notice when it comes to bitcoin is that either the person will have a very strong belief in a positive way or in a negative way, that whatever views challenging it will find it very hard to accept but very few would walk along the middle approach.
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The point is every time we spend buying with bitcoin the logical approach is to buy back to cover the amount. Else it will be a net drain going to the market as the merchant will just convert it to fiat. This will keep the coins flowing
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I don't think volatility can be stopped as long as there is speculative trading. However i can imagine this being reduced in the near future as bitcoin price climbs and with higher mainstream adoption.
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