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Reasons:
- Decentralization
- How it's growing
- How it allows me to bypass systems which take time / private information
- How it's inclusive and marks for something you can believe in - a product of something global
- The new exciting kind of opportunities it opens up
- The kind of community and culture it builds
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It honestly hurts how some Bitcoin (earlier) supporters such as myself miss out on opportunities because of the scams we invest in - that or just the necessities in life call for us to use up the investments we put into Bitcoin. Right now, like f*** man, why haven't I found success yet? ... It's a cycle, I'm just hustling and striving to make an income online where I don't have to break my principles.
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I think the trend of success will continue as we move through 2017. Might there be a few hiccups here and there, I still think Bitcoin will have a price well over 1000+ by the end of the year.
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Worst regret has to be not getting enough before the prices got to become as high as now Situations called me to cash-out, but what really e'ffd me over were the investments that made no profit.
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There's not one single standard value or exchange rate for any particular currency to Bitcoin across the world since there are different markets / exchanges. Your app could be basing off just one of the many exchanges out there.
Anyways for Bitcoin wallet apps themselves, I don't think it's safe to exclusively pool your Bitcoins within a single wallet that can be accessed through your phone. It's convenient, but I suggest you diversify a bit with other wallets that can only be accessed through browsers + two-step email authentication.
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^Agreed, hard to understand without much context + the grammar but anyways... How about just asking on their end, like your friend whom you sent it too? I know they're "inexperienced" but I'd doubt some patience and them pressing a few buttons to login into whatever wallet would be too much. If your problem is it having not yet arrived on their end, then try going into your transaction history and cross-referencing the bitcoin address of your most recent transaction with your friend's address, after making sure some time has passed and it having already been confirmed.
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Hmm i really dont know banks that is bitcoin friendly or banks that let you do transaction under them using bitcoins.But here in philippines we can cashout our bitcoin and convert it instantly from (PHP) which is our local currency here.We can cashout in each bank that is listed thats more likely 5 banks.
Yep, it's Coins.ph (or Rebit I think and other services) in the Philippines, but I think it operates more as a separate entity partnering with several banks in order to use their "bank services". Don't know how they got those deals, maybe it has to do with the fees, but naturally I think banks would be against Bitcoin since it kind of allows people to side-step them unless they get something really big out of it. (with the recent news of legitimization in the Philippines, it just affirms more of the acceptance of Bitcoin in the macro but I don't think it means banks will have to)
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This is something I'd strongly disagree with. Perhaps it would be okay if Bitcoins was accepted as some sort of side-service by a financial institution like a bank and that "bank" respects the autonomy of its clients, but having one I guess that kind of forces people to aggregate especially if it's some kind of national one and go through it in order to use bitcoins would defeat the purpose of a decentralized system. It'll be collecting information and having walls for you to need go through before having access which both kind of is why we have bitcoins in the first place.
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The bitcoin system was always made to be a one and done type deal of a thing: almost always pure anonymity and no reversals. And on top of that you have Paypal who don't actually recognize or support, even to a point of condemning, bitcoin and bitcoin related transactions. Perhaps you could offer some amount to the forum or wherever else to help get your bitcoins back (assuming it's possible and may that be blackhat: your discretion).
Be that with Bitcoin or what, selling through Ebay is quite risky for anything that involves digital goods - including bitcoin, video games or whatever. Always got people making bogus stories that they've been hacked or in this case, they chargeback you.
In regards of involving the local police, good luck and hoping there's some cybercrime law or whatever in your locale that covers bitcoin.
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Yes, of course, who would think any else? Now, some may be off-putted by how it works as with it being a "technological" kind of thing to recently arise, but with it's still at current low transaction fee, less restrictive than banking or other fiat based systems, and less restrictive and even welcoming to all characteristics, nobody is meant to be excluded and everybody can get something more out of it than say, Paypal or having to work with a credit card or banking institution. You just have to have willing people.
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Belief is the most key-aspect here. Even if you could have a better, more advanced and generally just more functional cryptocurrency, if you have people willing to crowd over your thing, you'll always remain relevant. Sort of like Apple, now while their product lines aren't the best spec'd, they have a large following and remain relevant to even non-hardcore fans because of said fans and whatever campaigns made to gather up new consumers / fans. They don't have to wildly go out of this world and make the best product to sell, they just need to appeal really well to their eco-system - in terms of bitcoin just some slight updates, the people mostly do the work here as new business ideas revolve around the willingness to use bitcoin - and ride on that lightning to snowball and get more and more willing players.
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I personally think it won't be as relevant as now, seeing the problems it could face down the line in maybe even 5 or 10 years time. I draw that from what's happening currently and looking ahead to whatever innovations that can still be made such as new tech or better cryptocurrencies. I still have hope there'll be value in the coin, however, I don't think it'll be as popular. There's always a life cycle to tech and I don't think the exception applies to Bitcoin. Bitcoin certainly is a pioneer in cryptocurrencies, but like any pioneer, you'll have to really rev up your formula (do whatever has to be done to future proof the system, the blockchain) or you'll die with the times and just remain as just that, a pioneer.
No shame in being a pioneer though as it has laid the foundation for a society to be more open-minded towards cryptocurrencies. I could always be wrong, but regardless, for cryptocurrencies in general, I think there's a lot of promise.
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Like the last halving (where my expectations were crushed when no sudden jump in bitcoin prices happened lels / or at least how I envisioned it would go down), it'll probably just mean more difficulty for mining / miners (but I guess with how others see it, that wouldn't really matter) with more price stability going upward as we move forward.
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Hardest thing to understand when I first got introduced into this whole Bitcoin thing was how addresses / wallets worked. Not in the sense that I didn't know to operate them, but in how they operated and why they operated in such ways. (Paper wallets / QR codes / Also even the Blockchain : those kind of stuff always made me curious)
:: My easing into Bitcoin wasn't that rough and actually was quite smooth even invigorating that I can finally now partake in online activities without the need for a credit card. However easy it was getting INTO it, understanding it was a whole other thing.
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I'd say no one really. It's decentralized but as for it's value that could be determined from a large range of factors: miners and the market. On another point, however, while you technically can do whatever with your Bitcoins, if they're in an exchange or wallet or whatever that's been ceased, hacked, or shut down, your control tapers off as what happened with Mt. Gox and China exchanges right now.
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I'd say the best source would be through your fiat earned transformed into bitcoin; the surest and safest way of going at it. It's too rare to find a job that actually pays in bitcoin but perhaps in the future you'll find such willing companies doing so.
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I mostly use bitcoins to buy online digital goods (mostly games). Other uses would include exchanging bitcoin for Paypal currency which I find extremely helpful where the cryptocurrency isn't accepted.
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A lot of this has to do with people simply dismissing something that is new. I think there'd be more willing minds if there were more outlets / sources for easy to digest information spotlighting the uses and benefits of the currency. Lots of people don't still even believe in online transactions / paypal, what more with bitcoin, and I think that's partly due to the stubborn old unwilling to part with the old ways and or perhaps just plain ignorance.
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I just spread my bitcoins over multiple wallets (lesser than 4 since I'm poor : but i do make sure that theyre all secured). Though I do also hold some bitcoins over a trading site. I might go paper if I can actually make bank but I doubt that's happening anytime soon lol
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regardless of whatever practical proofness bitcoin has over being changed, a thing as big as bitcoin already has made its name known and simply changing its name or whatever won't change the fact that people will still use the label Bitcoin. People and companies who use the term in discussions and branding would most likely just overlook any changes to the name, I think that's a likely given.
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