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Not until:
1. Deposits are guaranteed
2. Transactions are reversible
3. High transaction volume and user adoption
4. Near instant verification
5. Technology is distributed not controlled by a few miners in China
May happen eventually but not sure if BTC can get us there
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I actually heard about Bitcoin some years back but I was not even moved by what I was seeing as I basically see something about it on another forum in the investment section making it seems its a quick way to get rich and considering what I have heard before in the case of Liberty reserve, I didnt bother considering it until when I had free time and access to the internet, then I started understanding it little by little at my own pace...
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It can happen. It is possible for other cryptocurrencies to replace Bitcoins, but nothing major in going to occur in the short-term. Bitcoin has a much higher market cap and price compared to various other cryptocurrencies. Therefore, I believe that BTC is going to stay in prime position for some time longer.
Moreover, it is unlikely that BTC is replaced as the main cryptocurrency because everyone who is new to cryptocurrencies would think of Bitcoin. For example, when I was introduced, I thought that Bitcoin was the only cryptocurrency. (I am obviously wrong). Therefore, everyone would use Bitcoin rather than other cryptocurrencies. These are my opinions.
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For me, bitcoin is more than just a payment source or a way to store the money.
Not only for me, but for everyone who really is willing to educate about bitcoin and cryptocurrencies, it provides thousands of ways to get income.
Imagine just joining signature campainings and earning on them for one year.
All bitcoins stacked could be used for an invest, which provides 3% monthly.
With current price of BTC, even 2 btc collected wold be 2600$ (1300$/btc!) so 3% is 78 dollars every month- which is already a huge return, and all in bitcoins!
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The biggest disadvantages bitcoin has for now I think is the slow time of confirmation of transaction. Sometimes it takes hours or more just because there are too many transactions but I really hope transactions would be faster soon so that we can enjoy bitcoin more. I think if bitcoin transactions are real time no matter how many people use it for transaction daily, people might consider it to be used as replacement for credit cards.
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The "freedom." Particulary, the freedom over your Bitcoin assets without the need of any third party like banks since you can be the bank of yourself which you can secure it very well with yourself alone as long as you have control over your keys and store it in a safe place. The next is the new opportunities it has given to us and I guess there's no need to elaborate this.
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Surely Bitcoin's value will skyrocket, today there's a lot of country legalizing Bitcoin, adopting to the technology and digital currency, then what more 5 years later. There will be tons of changes/upgrades might happen, like shopping using bitcoin, Bitcoin taxi, Bitcoin loan or even using Bitcoin as salary, there's a lot of possibility.
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I think that the use of bitcoins in traveling will bring great experience. We all know that bitcoin is decentralised and canvassing cost may be made easier when services can be paid directly in bitcoins.
It's great and inspiring reading experiences like these because it makes us feel more secured in the use of bitcoins. And that the use of bitcoin in traveling is real.
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Bitcoins is a digital currency everyone has access to it
Good and evil are the two side of Same coin , where their is good it has to be nullifyed by evil so to make the thing in equilibrium ,
It's same in the case of bitcoins:-
Many people use it for trading for business purposes for investment and many more things it has many great advantages as a digital currency and people use it to its full potential
While there are many people who use bitcoins to buy drugs and also supply weapons as no one can see their identity all we can see is an wallet address
They are using one of the advantages of Bitcoin transaction
For their are no rules for using bitcoins we can't say it is ileegal on digital scale ,
But yes when we see the consequences and the things they are buying it is illegal and this is one of the reason that many countries are not accepting bitcoins
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I think it is possible in the future if the government will accept BITCOIN
but I think it is better to pay with the real currency because the price fluctuates and we all know that
despite its value is so high
another is the people who knows about bitcoin is only few for now
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Bitcoin for me is a new era of currency today because its now becoming very popular specially of the demand nowadays is getting so high and profitable. And as we see everyday there is changes in the price which everyone is waiting everytime, so its sustainability will be always encouraging people to use this currency and they always hope that this currency will soon be implemented worldwide. Hopefully all countries government will allow this new era of currency, and we can guarantee profit return to all who will be investing in the future.
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I work in a government office.,
to meet my monthly needs, and personal desires, I have to earn extra money,
then I try to bitcoin, it turns out to be very surprising in terms of profit,
yes even though all of that is risky.
but I do not regret deciding to focus on bitcoin / allcoin. and I quit my old job.
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This is the real rush!
Good job.
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would there be further airdrop?
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