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The financial education depends from place to place as there are few place who are having a high literacy rate but in some places it is low as the financial education comes from the education itself it people are educated then the financial education would also be more as it is very important for everyone.
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I think Bitcoin is secured as because there are many peoples who are already been using the Bitcoin and it is very safe to do the trading as well as people are been trusting the Bitcoin to be a safer.
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Yes for sure. For every place/ mode of exchange there should be proper regulations on it. So that people cannot be cheated and as well as the financial institutions. After the rules and regulations all the people would know about the proper rules and no one would breach them.
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There are many reason first is that it is a virtual currency and it is the only currency which is more known by other currencies and most of the people are aware of it and it has also achieve a huge growth is a small period of time.
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No it's not possible at all that Bitcoin will end the world poverty. There are many things which are related to this as this is not a magic wand that it will end the world poverty there are many other senerios and things which are the reason for poverty.
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I don't think Bitcoin ni dead. As it has already set a satdard and slowly and gradually it will grow .... It will make the trading easy for the business and they will also grow. And in the upcoming time it will show its colous with a boom.
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The services of the bank are very different from Bitcoin and bank are also very easy to be approached and the services which are offered are also very different. There would not be a very big impact on banks.
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Bitcoin has changed many things and it's a new innovative idea and it is working right now. We cannot say it useless. But yes there are many things to resolve in it. But it has changed the way. And showed us a new path to work on.
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I think this is because the government has no proper control over it. And also the citizens of the country will invest in it as the people who earlier use to invest into the banks. And Bitcoin also has a high fluctuations rate as compare to others.
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I think this is not possible. As Bitcoin will not replace any currency but yes Bitcoin can become a form of its own currency which will help the business to grow and will make a easy way out for the them.
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I think Bitcoin is a good place to invest because in future there are many chances that Bitcoin will grow and the return will be good treat. But few people are saying it is a bubble but in my opinion it is a great place to invest.
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We cannot put banks totally out of operations as there are many day to day operations which banks do. But Bitcoin and the cryptocurrencys can help to reduce the crowd from banks as people can do trading through Bitcoin.
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If Bitcoin legalize than it will affect banking system because it is peer to peer currency there is no third party involved. In future the banks will also implement the block chain technology which is running behind the Bitcoin.
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