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It has been said from very long time through newspapers and social media but btc still exists it is the truth. Also some countries have accepted the btc with full support and some are thinking over it. There can be many plus and negatives for the btc implementation. Crypto is still in growing stage so future cannot be predicted.
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Right now media and governments are not in the mood of legalizing the bitcoin. Even some countries announced it as banned even there is no evidence of it. We need to understand the power of cypto currency first before fighting for the legalization of bitcoin. There is a lot of negativity in the market and investors are stepping back to save their money.
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Due to a huge fluctuation in the price bitcoin will never be able to replace the national currency. Right now it is in struggling stage and fighting for it's legal status. Most of the countries have not given their acceptance to bitcoin they how it is possible that it will be national currency one day.
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There is no comparison of bitcoin and bank investment. Bitcoin is subjected to market risks so investing in bank is much more secure than btc. Btc is can go below the amount invested. In bank investment atleast your invested amount is secure atleast.
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Bitcoin will not be able to replace the national currency due to it's price fluctuation. The transactions are not possible in this manner in daily life. With some stability in the price of btc can make its status more clear in future. Right now btc is struggling for it's legal status worldwide and there is no much good news with price fluctuation.
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Bitcoin is Number one because it's of its fluctuated price. It is able to make to self employed and financial free. It has proved record breaking history. With long term investment and patience people have changed their life and now are enjoying every moment with financial freedom because they invested in crypto currency few days back.
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To become any country's currency bitcoin should have a stable value in the market. But Bitcoin is having a fluctuation nature. So i think it will never become a country's current yes it can be an international currency for business and exchange purpose.
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Now a days Media is not performing it's duty well. They are writing reports without any deep study. Most of the papers are just doing copy and paste of the news from each other to save time and money. Also the media is keep interested in sharing those negative news which will give them huge TRP and promotions.
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Here are the few reason which makes bitcoin different from other currencies : 1. Blockchain technology 2. No personal details are required for each transaction 3. Transparency 4. No theft or tax issue
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twitter Name: <@ErSumitKhurana> Link to twitter:https://twitter.com/ErSumitKhurana Week Number: <5> Spreadsheet number: 587 #Reposts
1. <https://twitter.com/ZufloCoin/status/985386418804613122> 2.<https://twitter.com/ZufloCoin/status/985771960247439360> 3.<https://twitter.com/ZufloCoin/status/985419919662739457> 4.<https://twitter.com/ZufloCoin/status/985419738472943616>
Facebook Name: <er.s.khurana> Link to Facebook:https://www.facebook.com/er.s.khurana Week Number: <5> Spreadsheet number: 544 #Reposts
1.<https://www.facebook.com/er.s.khurana/posts/2119847261376596> 2.<https://www.facebook.com/er.s.khurana/posts/2121000374594618> 3.<https://www.facebook.com/er.s.khurana/posts/2122038047824184> 4.<https://www.facebook.com/er.s.khurana/posts/2123036007724388>
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It will be very difficult to replace physical money with btc because in most of the parts of world the digitization is under the way and people are still not able to get access of such advance technology. So i think it will take alot of time and hard work with advancement of technology to get btc as world currency.
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Following are the main reasons for drop of bitcoin :
1. Fluctuation in prices is much more beyond expectations. 2. Bitcoin is still fighting for it's legal status. 3. Market is totally negative from news for the future of btc. 4. Investment is subjected to totally market risks. 5. Media is not coming forward to promote it. 6. Facebook have started the delete the promotional posts of bitcoin.
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At present the best way to get knowledge of anything is to google the name and just get all information. Now the information is widely spread on the social media through normal posts and paid posts. I have seen the Facebook have started the delete the posts of the persons participating in bounty campaigns for crypto currency. That's a very shocking news. There will be no benefit of teaching crypto in Universities if it's still going survive for it's legal status in most of the World. I think there should be some plan to stop the negativity of Crypto Currency over the social media as its well Wisher.
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