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If Bitcoin continues to grow, the demand for solar energy will increase as folks rush to find cheaper ways to generate power. Additionally, renewable energy sources occasionally produce a surplus of electricity. Burning some of the surplus electricity to mine Bitcoin would offset the cost of running renewable energy sources, making them even more efficient. So I think Bitcoin is good for the environment.
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It's better to ignore them and walk away because explaining is very tiring. If they want to trash Bitcoin and hate Bitcoin, the're not gonna listen to anything you say. Even if you tell them "it's the first step that count" or "the first step is the hardest" and show them the success of Google and Amazon, they will talk back like "not anything can be a second Google or Amazon". I'm so done with them.
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Blockchain has more bright future than Bitcoin. Few people don't like Blockchain but a lot of pepople are critizing Bitcoin and trashing it. Blockchain can create Bitcoin and its enemy. I mean Blockchain can create more than just one digital currency.
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On the condition that the country allow it to be a legal tender or not. If the government outlaws Bitcoin, then Bitcoin will be never used, not only hospitals, but also every industry. I don't now how it is in your country, but in my country, the possibility that the hospital doesn't hear much of Bitcoin is high. I mean it takes time for everyone to get used to Bitcoin. Now is still early.
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Bitcoin can facilitate people to buy and sell illegal things. Drugs, weapon, even prostitution can be trade in Bitcoin. These actually happen when Bitcoin isn't allowed. So if Bitcoin is allowed officially in countries that have high rate of crimes and unstable politics, crimes will be easier to perform those activities, even money laundering.
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I think they have illegal money like bribe money, I guess. And Bitcoin, working as a money laundering machine, is a safe tool or them. However, there hasn't been any clear information about this problem. It's just based on our own deduction without any materials.
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News can create crowd effect and panic selling. Negative news can significantly decreases investor confidence in Bitcoin, causing panic selling. The more investors sell Bitcoin, the deeper the price goes down. And the down price worry others and cause the thought "sell before I lose all". Consequently, Bitcoin price dips in the red.
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If you want to emerge a winner, then stay calm, keep your logic and hold. There is still lots of possibility that the market will still go lower. But the lower and lower can't stop me from accumulating strong coins at discounted price and accumulating more as it reaches the bottom in a few months. The market will probably not rebound very fast immediately, it will take months or even years for it to climb back up so no rush. I think that's how we can profit from panic.
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The market in in the bear period now and every coin have the same situation: dip in the red, and very very slow to increase. Not only the old coins but also potential ones are struggling to increase. The gloomy market has affected all every coins, not only any coins alone. I still believe that old coins worth investing in because they've been experiencing a long time and they are more mature to gain trust from investors than the new ones
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Another reason is that it has a higher number of users than other currencies, which is more acceptable than other coin.
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