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It is supposed according to records that in 2018 bitcoin will achieve all time high of $320k.
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you need to have multiple wallets. I personally do not use hardware wallets. To store your bitcoins with xapo and I use multiple accounts on the exchanges. It's where I store bitcoins which I use for everyday purposes. And I recommend you to do so. But each purse its own rules so you need to focus on what works for you. And there's the prising difference too so you need to watch out for that too.
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I think of course it can be surpassed by another currency in market cap value and why shouldn't it? Ripple is climbing right now and just taken over the No 2 spot from Ethereum. It is almost half the cap of Bitcoin now and with such a low single toke price it can easily overtake Bitcoin.
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As bitcoin is yet to be accepted globally and to be used on day to day basis cash seems to be better than bitcoin.
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It is impossible too hack bitcoin because of it security although you give your private key or paper wallet to someone.
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There is a risk involved in every kind of investment. So the risk cannot be determined but it is there for sure..
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Bitcoin is a virtual currency. It has more in common with paypal than it does with dollars or with gold. I wouldn't really call it money until it is more widely accepted as payment for goods and services.Bitcoin is and can be used to pay for commodity. It's acceptance is growing worldwide and more businesses are adopting Bitcoin as a payment means.thus I don't know what else Bitcoin is than money. Only difference might be that it is virtual money but it still bears the name money. I guess it's a kind of money. Right?
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Gold is only better in the form of an asset. If we compare both Bitcoin and Gold and which is better, it doesn't mean that if one of them is easier to spend and which is accepted by stores and restaurants it is better. Bitcoin is created to be a currency that is why some stores accepting it but since it isn't widely used there still few who accept it as payment, while gold is a precious metal and a good store of value but you cannot use it directly to pay for restaurants and markets because they can not quickly check whether this is authentic or not. There are still lots of things to consider before deciding which one is better, it may be easier to use bitcoin to pay for things but gold is better when it comes to store of value. It really is the opportunity and the situation which proves one better than other.
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You should wait to invest in bitcoin. Let the probe dip a bit then invest in it.
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,I'd like to save my bitcoins first. Because i'm just a newbie here. I want to save lot of bitcoins if i can do it. I'd like to spend my bitcoin when i have a lot of bitcoin saving on my wallet. After I become rich.. I'll invest that bitcoin.
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If it crashes then I'll buy as much as I can because I'm sure it will skyrocket once again.
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As bitcoin is usually used by people gor investment they sell it off seeing profit as the rates increase.
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Bitcoin being new in market nobody knows everything thing about it thus they get attracted to it trying to look in what all the fuzz and hype is about. This thus increases the demand for bitcoin.
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It is not at all late to invest 10 k infact its the best time to do so.
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Yes it's a good time to sell as it will provide you with a hefty profit.
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20 years From now I suppose bitcoin will be at its peak and majority of the Word would be using it.
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Due to the unpredictable nature of the price of bitcoin it is not at all advisable to max out you credit cards to buy bitcoin.
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No the price of bitcoin won't be rising continously as it is still in it's nacent stage the price os rising as evey day mew bitcoin's are getting mined. But as all of it has been mined there well be almost no growth in price.
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Keep waiting it is site to increase.
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