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Yes it is a good news for all the users of bitcoin.Bitcoin is the leading cryptocurrency in the market and is the most valuable and expensive cryptocurrency. Bitcoin is gaining a lot of users day by day and many people also invest in bitcoin as it gives tremendous amounts of profit returns in a short period of time.Some nations are also accepting bitcoin now and is getting back from them.Bitcoin can also give competition to fiat currency in the future also and has the capability to become a global currency.
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But for transaction and transfer fund all around the world, transfer fee on bitcoin and ethereum is lower than banks fee
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In my opinion these following ideas make cryto in general and Altcoin in particular valuable:
1. Developers behind the project
2. The novelty of the project
3. The problem is trying to solve
4. How huge the community behind it trust the developers.
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Bitcoin and Ethereum differ in purpose. While Bitcoin is created as an alternative to regular money and is thus a medium of payment transaction and store of value, Ethereum is developed as a platform which facilitates peer-to-peer contracts and applications via its own currency vehicle. While Bitcoin and Ether are both digital currencies, the primary purpose of Ether is not to establish itself as a payment alternative (unlike Bitcoin) but to facilitate and monetize the working of Ethereum to enable developers to build and run distributed applications.  |
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On the WeChat app with technology entrepreneur Wang Feng on May 3, Cai revealed that despite his initial intention of buying only a single Bitcoin. However, he increased his portfolio in the first quarter of this year. Chinese investor admitted that he had gathered up to 10,000 BTCs while the cryptocurrency market tended to fall.
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One area of confusion about blockchain is the perceived negative environmental impact, but this is a problem specific to bitcoin and some other cryptocurrencies. It is caused by the limitations of the decade-old design of bitcoin and due to Bitcoin’s mining process that requires a “proof of work” to validate transactions. Proof of work is a mathematical algorithm that is essential to validate transactions in the Bitcoin blockchain and consumes huge computational power and energy close to what Denmark consumes annually. Other cryptocurrencies operate differently. Ether, for example, uses the proof-of-stake concept, which is energy efficient, while the cryptocurrency ripple does not require mining.
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For economies that depend heavily on its overseas workforce, remittances are what drives growth.At present, money transfers are facilitated by banks that charge extra in processing and transaction fees. Aside from that, transaction time is relatively slow and it would take seven days at the latest before the receiving party can access the funds. With bitcoin, on the other hand, people can get around these caveats and get more from their money than what traditional wire transfers entail. What’s more, currency conversions through such transfers are costly, whereas bitcoin conversions are much simpler and do not entail any such costs whatsoever. From this, we can only expect overseas workers to depend heavily on bitcoin as a more convenient and less costly means to send money to their loved ones.
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Yes, Uzbekistan implements blockchain and will develop cryptocurrency
Uzbekistan is the latest country to choose the path of Bitcoin. According to a presidential decree, a cryptocurrency money bill will be prepared later this summer. The Central Asian nation also plans to open a center for Blockchain technology.
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Volatility is a derivative product of an underlying financial instrument and it can be traded via options. Options are products that pay when a certain price condition is met (for example when the price of the underlying product hits an upper barrier).
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It is not possible to compare the tulip bubble with the Bitcoin bubble, because the fact that Bitcoin has been able to recover from many price rises of many markets, despite the anticipation of Bitcoin's non-supporters that the price will be go back. Moreover, what critics do not acknowledge is that electronic money has a myriad of uses, and more and more. On tulips, it can only be used in some cases and is clearly defined, and the use of tulips is not a cause for its rapid increase. In contrast to Tulips, adoption of Bitcoin is a global phenomenon driven by true revolutionary technology.
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The United States, Japan and South Korea are the three most active digital money markets, but China is the largest holder of bitcoin mines. In addition to Bitcoin, investors are also flocking to buy other pre-coded formats such as Ethereum, Ripple, Bitcoin Cash or LiteCoin. Despite the low cost, many risks and recommendations are given. However, I still agree with the bitcoin as the number one.
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The most common form of encryption is Bitcoin. It was created in 2009 by Satoshi Nakamoto, Bitcoin is the first electronic money in the world. Satoshi Nakamoto is thought to be a Japanese man in his 40s. However, no one knows for sure. No one knows whether Nakamoto is a man or a woman, although the popularity of Cryptocurrency is increasing.
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Imagine a market where two apple vendors are selling apples. Each of them has their own reserves of apples and their own demand in the market. Let’s say both vendors have an inventory of 100 apples but 100 people are waiting in queue to buy from the first vendor and only 30 people are waiting in queue to buy from the second vendor, the first vendor can sell at a higher price. In such a scenario, the 100 people in the queue for the first vendor will eventually get to know about the second vendor in the market and instead of waiting in the line, some will move to the second vendor to buy apples. With this increase in the demand, the second vendor will increase the prices and eventually the businesses of the two vendors will come to an equilibrium. That's maybe similar to Bitcoin's price in different areas.
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You may have heard about Ethereum, a cryptocurrency that has risen in value by more than 2,500% over the course of 2017. Or maybe you’ve heard about one of the many smaller cryptocurrencies that raised hundreds of millions of dollars in the first few days they were on sale. That's why i think Bitcoin will be replaced oneday by another stronger cryptocurrency.
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I personally think, eliminating off-topic posts or advertising their coin overly are some good ways to improve our community, because those are too good to be true. If someone believed and invested in those coins, they're maybe disappointed with them and never come back with Cryptocurrency
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