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Bitcoin’s infrastructure needs are orders of magnitude smaller than fiat currency, and that’s just focusing on the resources to create the fiat currency itself. Bitcoin allows users to replace major use-cases of banks with their phones. You do not need a trusted third party to store your wealth or to participate in the global economy when you use Bitcoin. The faster the world adopts Bitcoin, the quicker we can reduce the environmental footprint of all of that paper/metal currency!
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Each individual has a different view due to their different experiences. Warren Buffett had been working with stocks markets that was under strict regulations of the states. Bitcoin, in contrast to the strict-regulated stock markets, is decentralized. I think it's the reason he didn't have an optimistic attitudes torwards Bitcoin as well as cryptocurrency.
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Blockchain definitely. Tech giant is interested in it. Every country talk about it as the future technology. They even have conferences to discuss about Blockchain while they organize talks about how to outlaw or crack down on Bitcoin. The answer is easy tell: Blockchain. But that doesn't mean that Bitcoin will vanish. Its potential is yet to be recognized and the path ahead of Bitcoin seem rugged.
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This won't happen anytime soon because Bitcoin is kind of brand new to medical organization like hospital. I guess that Blockchain and Bitcoin is known more by big hospital. As for small and local hospitals, Bitcoin is of little known. Another reason is Bitcoin is cracked down recently by many governments, meaning that it's kind of illegal to use Bitcoin in those countries.
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I think government find themselves unable to control Bitcoin effectively like fiat money. They're afraid that Bitcoin can result in high financial risks if they can not control Bitcoin. You know, finance has big impact on economy and everything related to finance has to be strictly managed.
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From what I can see, I predict Bitcoin's meltdown looks to grow worse before things get better. I'm not pessimistic but I can't see the market quite optimistic. Bitcoin hasn't hit bottom after the latest round of violent price drops.
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The exchange isn't Ponzi, but the propaganda to promote cryptocurrencies is making them all work as Ponzi schemes. Stocks, and the like, have all been Ponzi schemes since the beginning of time. This is illegal in most countries, but they can hide behind an assigned name of a company making it appear as if you are buying something real, in exchange for your money.
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Yeah, panic selling make many people feel like today is the doomsday of cryptocurrency, but I consider it as a golden opportunity. It seems really difficult to be an investor these day, doesn’t it? Everything you could possibly invest in seems to be going down down down. The intuitive reaction is to get out of the stock market and get into cash. This fear of buying any coins and the "sell before I lose everything’ mentality is what is causing the huge drops in coin prices. History shows that the harder they fall, the stronger the bull run that follows. And the history can repeat! This is a golden opportunity tp buy cryptos at discounted price, don't you like buy things a cheaper price?
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Since last February BTC/USD markets are still up 720 percent and many other digital assets have seen even more substantial price gains year-over-year. Historically, for every two steps back, the value of bitcoin has leaped seven steps forward after nearly every correction. Will this be the case again? We really don’t know, but cryptocurrencies have never ‘died’ and many believers feel the value of this economy will likely continue to rise over the long term. Those who say cryptocurrencies are in a death spiral have not looked at the whole picture.
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