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How could a country ban for something that is so difficult to regulate and liquidate. I dont think they can ban Bitcoin unless all country and the digital world would agree about it. First of all it helps a lot of people to raise up their way of life by earning from this.
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Whether people will accept it or not Bitcoin is going through developmental stages. The acceptance of digital money or cryptocurrencies are affecting the value of Bitcoin in the exchange market. Technically, the demand and supply of it is what really affects the value which is part of the development.
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I want to learn what is in Bitcoin and other cryptocurrency in order for me to educate people about it on how this could help their lives. Basically, this cryptocurrency could give you an opportunity to a btter way of living and so, this would be my goal for Bitcoin.
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It is not somehow, because of the consumption of electricity it has a negative effect also. Though probably, lesser than the common source of pollution but still, it has and indirect negative effect. On the other hand, it is a good thing that it can lessen the use of paper because it is a cashless source of payment.
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Those who knows the use and benefits of Bitcoins are most likely would benefit from it. Out from that they could have an idea when it's the perfect time to use it as investment or exchange it with cash when the value is high or use it as a career to earn money.
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The higher the value of the cryptocurrency the more emerging businesses, investors and consumer would support which indicates very helpful to businesses and to individuals who are using Bitcoin. Infact, this has been used and proven to uplift status in life.
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Regulating bitcoin had a good effect. This can be a form of acceptance in making digital money of a world currency as part of globalization. Bitcoins can now be liquidated and people who invest and use bitcoin or any crytocurrencies may now be protected by banks and government.
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It has never been a threat. First of all Bitcoin is not being recognized to some countries in the world. Earning Bitcoin as an additional income will always remain incomparable to the professions or career that people tend to choose as nature of their job.
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The world is not yet ready for this, knowing that this digital money demands technology and well regulated monitoring of value flow. As of this moment, with the reaction of many economist and some government going against cryptocurrency. The world is not yet ready for this.
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With the growing digital economy because of the Bitcoin currency, I believe with many people around the world using and patronizing Bitcoin is a good way of making lives better in the future. Its value is reallyhigher than the usual currency of one's country which implies great future for Bitcoin believers.
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With the fast movement of Bitcoins value and how difficult it is liquidate this. Some countries and economist are saying that it is risky to make it a currency. Also, governments of some nations are still trying to study cryptocurrency on how it could be regulated and boost the economy of the country.
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As of the moment, Bitcoin is not yet fully regulated in most of the countries in the world that is why every one can avail and use it without restriction. As a booming digital market industry many economist are already eyeing on this. Probably, in the near future restrictions will be set by the government.
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In a world of consumerism, bitcoin has been used as a digital money to pay bills in the fastest and easiest way. Many countries who doesn't have a legal regulation of bitcoin is entering the market in the simplest way of paying bills the fastest and accessible way. So it can be a commodity but not yet a currency.
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Common mistakes of financially stress families is that they don't know how to budget their money. Often times, they spend more than they earn which causing them to be in debt. They don't save which should be the priority that for every earning they need to get 10% of it for saving.
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In the ancient history people buy goods in exchange of another goods. But since the value of the goods are in need to be given an equal value, they made used of gold and silver and created coins usingbiy. And dating back King Darius of Lydian empire is the first to use coin in trading.
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It is advantageous to have bitcoin because you can make use of these as a mode of payment. However, shifting from cash with currrency to bitcoin is somehow tough. Knowing that it has a greater demand for developing countries like government acceptance and technology to fully implement it. Nonetheless, it is better to make as second currrency.
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This is one of the common mistakes we make with money, yet it brings so much bad things to us. When we get to spend more than what we earn. People are into CONSUMERISM, where they buy things and consume things that is not even necessary at the moment which causing us with so much trouble with money.
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Paying taxes or Taxation is very important most especially to developing nations. It is considered to be the blood circulating in the whole system of one country. Money being collected from the people through taxes is what makes the government going. Budget of the country for development are dependent on taxes being regulated in such countries.
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Personally it may uplift your economic condition in life on a small and personal scale. But socially, it seems that it would be very difficult to identify if it has an impact especially most of the people uses technology. Does this improve also their socialization because that is one area that we need to look into.
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Government regulation on cryptocurrency can be either good or bad. Good because it can add up profit and support to our economy as a country. Bad when the government focuses more on its own interest through heavy taxation because right now everything goods and services has already been taxed by the government.
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