In my country with 1 Bitcoin you can buy a quarter hectare of land that can grow all kinds of crops like onions. Unfortunately in my country Bitcoin is not legalized yet, so if you want to buy a plot of land, you have to sell bitcoin to fiat first.
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Bitcoin and banks are different entities. A bank is a legal entity that oversees the circulation of applicable money, while Bitcoin is a cryptocurrency or digital money. It can be seen that Bitcoin and banks have different functions, maybe in the future what will replace Banks will be Exchanges that bridge the circulation of cryptocurrencies, including Bitcoin.
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In the near future, everyone will definitely not continue to ignore Bitcoin, even now in the neighborhood where I live people start talking about Bitcoin and asking basic questions about Bitcoin. Like asking what is Bitcoin, how to get it, how Bitcoin can maintain the value of wealth and even multiply it.
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Is the Mayor of New York just using Bitcoin as a booster for his electability, or is he really supporting cryptocurrencies? If he really does support cryptocurrencies, then he should always receive his salary in Bitcoin to be consistent with his words.
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If you die and still keep the wallet key containing Bitcoin secret from your closest family without inheriting it, you can be sure that your family will never be able to access your Bitcoin wallet forever. If Bitcoin is never transferred from one wallet to another, it will continue to settle in the original wallet. Therefore, it is recommended to back up your Bitcoin wallet info and tell the family you trust in case you die, so that your Bitcoin wallet can be used by your family.
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What Bitcoin did for me was a new way of doing transactions peer to peer, no intervention from third parties. Then Bitcoin changed the way I store physical assets into digital assets whose value continues to increase every year.
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The price after all Bitcoins are mined will be in line with market demand, if market demand is high then Bitcoin prices will be more expensive over time, and vice versa. Bitcoin will affect the global economy if everyone only uses Bitcoin as the only means of payment, but this will definitely be hindered by certain circles.
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I agree with you, we as Bitcoin lovers should read the title and content first and understand it before posting here. Back to China which banned Bitcoin mining, we don't need China to be the biggest Bitcoin mining country but it's not welcome there, we can survive without China because now the US is the biggest Bitcoin mining country and their government welcomes Bitcoin.
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No, Bitcoin cannot be regulated by any government due to the decentralized nature of Bitcoin. The only thing that can be regulated is the user, the government can make regulations if you want to own and use Bitcoin you must register with KYC so that Bitcoin use is not misused.
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I agree with you, when I want privacy and anonymity but I still exchange coins on Binance or Luno, at the same time I lose that privacy and anonymity because when I register on one of these exchanges, I have to KYC. So if we want privacy and anonymity, it's best not to buy goods or exchange coins, as these can be tracked.
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The reason the company accepts payments using Bitcoin because of its anonymity is very reasonable, because many of the customers who want to maintain the privacy of their identity like me. Another reason companies accept Bitcoin can also get the difference in profit from every payment made by customers, this difference in profit can be obtained when the price of Bitcoin rises.
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I've bought motorbikes and laptops using Bitcoin, I've also repaired houses and set up a grocery store using Bitcoin. My estimate is to spend about 1 btc for the above purposes. I am quite happy because at this time the grocery store assets, motorbikes and laptops are very useful to earn more income.
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What makes people panic sell can be caused by those who are just starting out in the cryptocurrency world, lack analysis, just go with the flow and don't have a strong stand in making decisions. There is one more thing that makes people panic sell, they are afraid that the coins they hold will burn to zero.
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Each of these three points has a big risk as well as a big profit. Investors and asset managers have the same great risk if they have crypto assets, but the ones who are most directly at risk are crypto traders, because Bitcoin prices fluctuate.
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Currently Bitcoin is not legal in my country due to many factors. I want Bitcoin to be legal in my country because it can boost the economy from small, medium to high. Bitcoin is like two sides of a coin, it can be positive or negative depending on who is using it. I'm sure if Bitcoin is legalized in my country it will definitely make the country better.
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In accelerating the process of adopting crypto to the community there must be government intervention. With the presence of the government, they can easily socialize cryptocurrency to their citizens by placing service advertisements on tv, placing crypto ads on banners on every street and being able to use famous influencers, so I believe Crypto adoption will be lightning fast.
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Regulations that severely restrict citizens from developing and earning extra money. Russia has the same approach as China in banning cryptocurrencies. Should Russia legalize cryptocurrency and tax every Crypto transaction every month from every citizen, this is a better solution.
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It is a pity that a disaster has happened to you, I am concerned about this incident. This is a lesson for all of us to research before sending Bitcoins. You should also follow the advice given by the Binance team as soon as possible.
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Wondering how many of you earn interest on your Bitcoin?
Do you feel this is risky, whoever owns the private key owns the BTC ?
Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo
thanks!
If it is calculated from when I started to invest in Bitcoin, now I have earned around 68% net profit from. It's very risky if your private key is given to someone else, don't do that.
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I think Walmart with selling Bitcoin through CoinMe will be successful, because of the Walmart retail stores that are spread across the US and also the level of trust people have in Walmart.
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