The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.
What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?
It is impossible for governments to kill bitcoin even replace it with theur own digital currency because bitcoin already made a huge name in the market of cryptocurrency. Bitcoin is alredy popular all over the world. Maybe they can make their own digital currency to be compete bitcoin and put tax regulation. But everything is depends on the acceptance of the community.
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Hello ! I would like to know if it is possible to hack a bitcoin address and to have his private key?
If there is a new technology for bitcoins,hackers also a new and advance technology for hacking. We are in a modern generation with modern technologies and hackers too. There is no impossible for hackers,they are more knowledgeable than a newbie in crypto so be careful and make your wealth secured. Don't trust to anyone,don't give your password and private key to anyone because if they know your password and private key they have now an access to your wallet address.
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Every transaction of bitcoin converting into fiat or local currency always need valid i.d to claim. If you have more bitcoins and you don't want to use your valid i.d for verification ,i think you should cry for your coins and say goodbye to your precious bitcoins and quite leave crypto world. You don't need to felt afraid using your valid i.d if you didn't do wrong.
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I was just wondering on how do investors and creators make money in creating new currency. As all we know there's a lot of different cryptocurrencies that are out in the market nowadays. Others already succeed but there are also some who did not. How about you? Whats your point? I think all of this is because of the law of supply and demand. Every currency make money depends on the acceptance of the community in the market. If the currency has a value in the market then people will patronize it and it will become valuable and has now a good price in the market that people can use.
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The best sources of information can be found in google news feed,CNN news and ofcourse here in forum. If you are a wide reader you can find a lot of information that you want. Reading is the best tools to have more knowledge about everything.
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In my belief,there is no permanent in this world everthing has an end but we can't tell and nobody knows if when. Like bitcoins,it become famous, and most valuable digital currency at this moment. But we don't know if untill when it will become famous and valuable,we don't know untill when it will survive from the manipulation of government and some big whales in crypto. But for me,we have nothing to do but to enjoy what bitcoin can bring into our life,continue to use it to make it more valuable and to increase the demand. Because i know it will helps the bitcoin to live more.
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There are a lot of Filipino Facebook groups that scam newbies. I got wary of this issue because one of my friend got scammed because he joined a "pool" but after a lot of promises the one that "pooled" their coins just vanished in an instant.
Please my Filipino friends, beware of FB groups because most of the posts there will just make you lose money.
It sad to hear that there are so many scammers arounds specially on facebook. They act like a sheep but at the end they are a hungry lion. We need to be more careful enough not to fall on their hole.
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Ofcourse bitcoin still exist in our country. The government maybe not yet accepting bitcoin but the central banks accept it together with other exchager as their partner. That's why we can convert bitcoin easily into our local money.
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A'right here's another question : Question : What is the Difference Between a Blockchain and a Database? This is yet another easy question but again people don't know about this. I am looking for some main points, basic explanation is not what I am looking for!
Blockchain is a continuously growing list of records that consist of several decentralize nodes. It is the worlds leading software platform for digital assets which is originally developed as the accounting method for virtual currency. While Database is an structured set of data held in a computer. It is an organized collection of information so that it can be easily accessed,managed and updated. Blockhain has a core characteristics of being decentralizes and trustless. Data can be shared accross the network without the need of an intermediary to validate or authorize it.
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It is great if samsung is going to support bitcoin. It will make bitcoin world more brighter. Samsung as one of the largest company in the world will help to push bitcoin to become more well known and become more and more valuable digital currency. It's really a good news.
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For me bitcoin are both opportunity and challenge. Opportunity because it helps me to enter a crypto world to have work and to earn financially. Opportunity to invest and do trading online to earn profit. Bitcoin also is a challenge on how you can earn bitcoin with out any capital investment only hard work.
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MEW is safe as long as you secured your password and private key and do not fall into a phishing sites. You alone can make your wealth secured from hackers. Just keep your private information of your wallet by your own. Don't share it to anybody and other word,don't trust to anyone.
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Many trader in this period talk about the TOP value of bitcoin in 2018, somebody talk about 50K someone think is 60K other say 100K...
If we think positive and always look forward to what will be the bitcoin this year,i think it is good. For me,like what happened before that bitcoin reached $20000 ,i think it will grow more than that amount before end of this year. It will become more valuable and always be the top among other digital currencies in terms of price,demand and value.
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I think you could buy more now because we don't really know if bitcoin will go down again to &10000 or below. Much better to buy now than to regret someday. Bitcoin is volatile and rapidly change,we can't predict the exact movement of it's price so be wise and think possitive if you want to earn more.
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There is no exemption if who wants to use bitcoin,bad or good people can use it because as far as i know bitcoin was created for everyone. It is decentralized digital currency,free from government,so it means bad persons can easilly transact through bitcoin as long as there is an internet in their area.
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There are more ways you can earn bitcoin. But always need patience because some of them are need a lot of time before you got it like faucets,always have patience to collect some satoshi to become bitcoins. For me joining a bounty campaign are the best to earn bitcoins.
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Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
Ofcourse price always depends on the law of demand and supply but you still need chart to be your guide even it is not guaranty 100%. News can help more to know the movement of price daily. I think you can use all of that to predict the price as your patterns so you can avoid more losses.
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I think bitcoin is more than a dollar equivalent because 1bitcoin is already reach $20000 dollar. Dollar is just a conversion rate we used for bitcoins and other digital currencies because it is an international monetary currency. After we got bitcoin we need to convert it into our local money and not a dollar before we can widraw it.
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We are computer generation and everywhere has an internet. A lot of people even in remote areas use cellphones and computers and other gadgets that also need an access to internet. Even a little chile know how to use this technology and even in elementary school they are using computers so that students will not behind to our modern technology. And for that reasons bitcoin are easilly to spread out everywhere and more and more people will engage in bitcoin soon specially now that they know bitcoin is a decentralized currency that could helps to uplift their livings.
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My Points: - BTC is tracable
- BTC is having a huge txn costs
- Time taken to transfer money is more than 10 minutes
- Mining is being done with somewhat centralized servers(pools)
- Several other Alts are now at the market and they performs well in the market
- People use different currencies for different purposes
If we make an analogy to compare digital assets,it is more accurate to say that bitcoin is like gold and altcoins are like platinum or silver. They are at thr back of bitcoins. But bitcoins and altcoins are both valuable for different reasons as digital assets. And for me Bitcoin will remain and none of the altcoins could replaced bitcoin. Because bitcoin is always be the original digital asset. It solved the problem of trust-less scarcity on the internet. It is also a survivor. Bitcoin survived from 9 years of constant attack,bad press,attempted government regulation,an onslaught of altcoins and tons of ICO tokens. Despite all of this bitcoin continues to grow and remains the purest,strogest,most decentralized,most valuable,most leaderless version of cryptocurrency. Bitcoin is always the best digital asset and no altcoins can replaced.
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