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For me every kind of valuable commodity requires some sort of protection. And so is the case with your hard earned bitcoins. The safety of the bitcoin has been a major concern for so many of us. People are always worried that their coins may not be exposed to the risks of hackers or being stolen by someone. So it is always preferable to use some reputable wallets to store your coins. It is also advised not to share your private key information with anyone, I repeat anyone!! Sometimes the information may get leaked by any chance or by mistake, unknowingly by a friend of yours, so it is always better no to risk your confidential information anyhow.
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The crypto network works beneath the rule of free market activity. while people are advancing their cryptos, they increment supply. this could make a couple of type of awkwardness between the supply expense and call for charge the other way around. Such unevenness can affect the estimation of crypto without a doubt or contrarily. but at that point what's the reason for having a bitcoin in case you're not going to utilize it? Bitcoin was made to be utilized so by simply holding it then it will be futile. Storing will happen if that idea will be grasp. Bitcoin must circle to be full utilitarian or else it would simply be an accumulation. You should offer it not simply hold.
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It is possible that bitcoin will be legalize, but as a commodity asset not as currency. It will happen if it is well regulated by the local government. The government would be very opposed if bitcoin is used as currency, it would mean killing the country. The government must be aware of the many benefits of bitcoin, so if it is well regulated it will be a commodity asset that will be useful for the country. They must understand the position of crypto in future world and economics of their countries. The next step must be the population crypto by people in social world. If it become known by every secound person in the world it will be good start.
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Positive news help bitcoin to built its future.It makes an good effect on bitcoin price rate and this thing ultimately attract investors to invest in bitcoin.Increase in the volume of bitcoin users that impact on prices. Because the bitcoin positions are always ups and downs in erratic so it takes a really good time to sell bitcoin. The other positive news is bitcoin in my country is not banned by the goverment. I can still buy and sell bitcoin and Cryptocurrency in other country. Bitcoin helps investment to have more income because of the price that easily increase compare to other altcoin that too long before the price increase.
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I don't think this will lead to the death of crypto-currencies. but indeed it is worrying.it's also quite logical because many governments are aware that bitcoin (and other crypto) can be a threat to the centralized control banks currently have. Here, the list you are giving simply shows that now they are aware they must act. Internet and technical tools are evolving faster than most regulations. So they are lagging behind, they understand it may be a problem, so they try to react. Eventually, if transactions from fiat currency to bitcoin (and other crypto) are simply banned... Well indeed, it will become quite hard to use it. However, quite luckily this will take time. So, it's up to us to anticipate this and react consequently.
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Definitely Yes Block chain can survive without Bitcoin, Block chain is just an open ledger that account for the transactions that has taken place. It doesn't in anyway fully depend on BTC, Bitcoin only introduced to the world, There are lots of blockchain applications that are being developed out here currently, the medical field is adopting Block chain for its records, The banking sector for its transactions among others.These two arent attached at all, and dont be surprised if Block chain becomes a success more than BTC
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I cant imagine if im in the situation this is so sad and to top it all a lot of users are in this situation so it says a lot about Bitcoin security and that we all should learn a lesson from it. We should be able to secure our passwords but then again make sure that we will be able to access it still, especially thoese who does long term investments, there are a lot of ways to secure your passwords yet you can also ensure that you will be able to access it. It defeats the purpose of securing your coins when you secure it from everyone including yourself. That's just sad, words are not enough to describe it.
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Bitcoin needs the legitimacy of nations to bring the unification of electronic money
Most countries have realized that increasing demand for electronic money and acceptance of bitcoin in some countries will lead to more countries adopting bitcoin as it is a new development trend. There are some countries are strict when it come to new technology that they are not really familliar with. the government of a certain country can still set a rule or a law because they do still control their country. other reason is that they are anti bitcoin because they cant totally put a tax or any other charges thru it. they are arfaid because if more people can recognized bitcoin , sooner or later all people will now use it and the fiat will be totally forgotten . which means they cannot earn an incentives no more.
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Many people become rich because of bitcoin. Bitcoin has a fixed monetary supply where just under 21 million bitcoins will be created. No bank, individual or government can increase the supply of bitcoin under any circumstances. What this means is that Bitcoin, ultimately, is a deflationary currency. As time marches on, holders will be able to purchase more goods for their bitcoins due to their limited supply. In contrast, inflation means you will suffer reduced purchasing power as time goes on, as is the case for the dollar. Its really affect the technology and economy if bitcoin is the one will be using by people in day to day living.
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For me, even before I consider Bitcoin as valuable thing or an asset to people for they want Bitcoin. Its not only 6th largest cryptocurrency but the 1st valuable of all. For lile any other currency, Bitcoin follows the rules of supply and demand of the economy. This helps people to make trade easier, enabling holders to convert goods into a widely tradable commodity through the business sale and then it uses to purchase nearly anything they wish to have. The most important thing that makes Bitcoin valuable is that, Bitcoin is different from the other. It has its own capabilities to people's want, it shows its uniqueness to people.
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Those people who do not like bitcoin try to call it fraud or scam, because they dont have idea about what we called cryptocurrency and they dont even know how to use bitcoin and then they will no longer need to discuss the merits and demerits of the crypto currency. They are sure that bitcoin will remain afloat only as long as enough people buy the fiction that bitcoin is of real value. Such people do not understand the essence of bitcoin and do not seek to know it, so it's easier for them to condemn crypto-currency.
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