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No if bitcoin is stable no one would actually invest in it because we could not make profit from it so i believe we should need to be very happy that bitcoin is very unstable because it can go to 10k in a day and even to 5k in a day and that from 8.2k today.
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for me, bitcoin is a way of investment and not yet a cash. Bitcoin can be used as payment for online services and transactions that cash couldn't pay for.
main difference is actually cash (governmental currency) is centralized and crypto currencies (starting with btc of course) decentralized which provides anonymity. I think this is a good comparison, however the government still want to regulate this decentralized system which might not be favorable for us as for sure they will not allow bitcoin to replace the current centralized system they build. But we own our money, we can exchange our money to Bitcoin anytime and that is also one of the reason made the price of Bitcoin increased a lot of value in this year without much good news. As long as the people still want to using Bitcoin, the government can not kill this currency. I agree with you if people start earning bitcoins and if a lot of people are starting to do that than people will easily be addicted to it that way even if the government wants to do anything about bitcoin they would not let it happen because a lot of people invest in bitcoin. Same goes for me if the government wants to ban bitcoin we can just say no because we are allowed to have a word and say anything about it why would they steal something that gives you money some people even made it their job they will lose their job. |
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I would rather choose bitcoin over gold because if you wear gold it is a easy target to be robbed but if you have bitcoins the most of the thieves are uneducated and do not know anything about so what will they steal? your PC?
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Yes it is rising indeed and that is a good thing for all of us because i believe it can go very high and because of so many people coming and are new to bitcoin the people who have a lot of knowledge can help them through this forum.
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Yes 1 btc form someone as a gift is something we all need to have because it is something we all want to have someone is giving you actually free 8.2k dollar at the moment and if you keep it long enough you could have even more.
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Both have their own roles to play in the future. I don't think bitcoin will make banks disappear because bitcoin has it own issues and limitations. Bitcoin and banks both have their limitations and advantages, people are the ones to choose best for themselves. Well I think it will disappear banks in future because of decentralized economic system i.e. there will be no need of banks for monitoring for international transactions because in decentralized economic system bitcoin users will only be responsible for their actions. Beside all this it will be tax free. And this will make your transactions safe and sound and the sole reason behind such fame. I do not agree with you because if it disappears the chance of hackers attacking bitcoins will be a lot bigger i think that it will be a good idea if banks applied blockchain technology into their banks this way it is kind of both. |
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I woul be very happy if i got one bitcoin for free from someone because i will be able to finally buy the car i wanted for a long time also 1 bitcoin is like someone giving you free 7.5k dollars and you do not realize how much money that actually is.
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It is not late, because sometimes bitcoin drops very hard so that is the time to invest in it. Now it is a bit expensive so if you invest now you will pay a lot of money while if you invest when its low you pay less.
You also get more profit by doing this rather than investing now.
I agree, It is never to late to invest or get involved with bitcoin because bitcoin will keep growing and that means that you can make money from it. So if i was you just start investing and advertise bitcoin to some friends so a lot more people invest in it and we can make money. |
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I don't see bitcoin making the world a better place i don't think it has anything to do with the world. It just uses online currency to buy things.
Like the tree's don't start growing faster because bitcoin is becoming popular.
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my first memory of ever being in touch with bitcoin was when a uncle of mine was investing in bitcoin and told me about how he made so much money in a small amount of time. I was surprised so he teached me how to make some bitcoin for myself.
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It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
I believe that most people of the world will use it because of its better to transact than fiat. Like we can directly use worldwide trading. But I am not sure if what the market will be in the future. We never know about that but i'm pretty sure more people will use bitcoin and bitcoin become more popular in 2022. If we talk about everyone use bitcoin in 2022, it's possible but i'm not sure about that. There are still many people in this world that don't know about bitcoins. Just see the price of Bitcoin at now, you can know we have not much Bitcoin user. The world have 7 trillion population, but total supply coin of Bitcoin is just 21 million coins, but this is the max supply and we still need a long time to mining all that amount. I agree with you but there are still options that most of the people in the world will use bitcoin because the max supply is 21 million coins but not everyone has 1 coin and the people who are using bitcoin now are very few. That doesn’t matter. Number don’t have any concern in terms of the future. See, bitcoin is being developed since last 9 years and only 21 million bitcoin are there in market. But when you talk about future, users will be more in number then ultimately the developing companies have to manage more bitcoins as per population. So, things will be fine and the future is all about it. I do not think that there would be more bitcoins because we are already having a lot of struggles to mine the amount of bitcoins which actually are left and with more people it will become faster but not easier. I agree with you i personally do not think that everyone will use bitcoin in 2022 why? because there is just 4%of the world population using it right now i do not think that in 4 years it can become 100% that easily. That is true very few people of the world know about bitcoin and i do not count the multiple accounts or the bots that they are using to mine and earn bitcoin but just the normal people there are too few to actually think that everyone will use bitcoin in 2022. I agree with you but even if everyone uses it by then there would be a few people who actually know how bitcoin works and that is why not everyone will be able to use it people will just pay 5k bitcoins for 1 pizza because they do not know how much 1 is worth. |
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No i dont think that that is true but i do think it will control the crypto economy because bitcoin is online money it is better to compare it with online and not with real life I hope bitcoin will give everyone a good future.
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I agree with you how younger you start how much you will have benefit for later because you can use a lot of money when you need it in your older days if you have an emergency or you can even pay your college feeses with the bitcoin money you make.
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Wow you can see that bitcoin is improving and even if you pay with it seems like nothing if you have like 10 bitcoins and someone takes a couple of thousand satoshi you won't even notice because it seems like nothing.
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When is the best time to buy bitcoin and when do you think is the best time to sell?
I think its a great time to buy now but when is a good time to sell (if you have any idea please share)
Actually i want to learn about trading becuase as my friend say that trading is a good way to earn more money but you i need to learn about this he said that when it pumps up try to sell but if i sell my btc or any coins please dont regret . Trading is no doubt the best thing and that too if you are trading in bitcoins, then that is in fact your good luck. As you said, you need to learn a lot in the world of trading and that is very much true. You need to learn how to study charts for making better decisions. Secondly, think very well before making any decision related to buying and selling of bitcoin. I think trading is not so easy as we think it. In fact trading is a profession, which required proper education and knowledge. Those people who do not have proper knowledge or education i do not think that they can become successful trader. For most of the time we see that inexperienced trader mostly lose their money, because they mostly do not have any experience or trading skill. For becoming a good and expert trader you also need to spend a good time in trading filed. First of all stock trading and crypto trading is quite different,in stock ,you can read graphs and predict the outcome more easly as compared to crypto trading.crypto trading depend only on market and hype ,whales dominate the crypto market so there comes the big risk of loosing your coin.crypto trading is more rapidly active than stock thus cause pump and dump series. I agree with you crypto trading is on a different level from stock trading but that is what makes it so much fun because of the difference and people can learn a lot about crypto currency's trough trading. |
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Clearly, It can lose its esteem it's not unpredictable we can't foresee the estimation of Bitcoin.
The cost can go down underneath $4000 in the coming month however we can't foresee it might go up yet who knows?
We are goodly affecting Bitcoin of first October. I trust that It keep its esteem steady.
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Paper money is now on the verge of extinction as more and more people nowadays are open to the use of cryptocurrency. Their curiosity leads them to know more about the new trend in business. So, we cannot halt or stop as we are leading to the world of technology so as everything we are using now will end us digitally...
Yes i agree paper money will fall, because now more people are now using their credit cards in stead of their paper money even more people are using bitcoins to buy things. Eventually in a few years paper money will be gone. Everyone will use credit cards and bitcoins. |
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I think that bitcoin will fall because of the ban of China. It is now dropping from 4900 dollars. It is now 3200 dollars so you can see how the impact on bitcoin it was.
Many countries now have seen that bitcoin is not impossible to defeat. They can now use the idea of China.
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