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Bitcoin has no reason to die. No need to worry.
Don't you know that everything on this planet have a lifetime? Everything dies eventually, either that is life or something electronic, everything has beginning and an end. So does Bitcoin. For now it is growing and i must say that i like that, more and more people are using it, and because of that price is rising. Bitcoin will not die soon, but it will happen... eventually. If we think that way, it will come to an end. But I think bitcoin will be the vehicle of change in the future. |
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Bitcoin has no reason to die. No need to worry.
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It would be very convenient to have the opportunity every day in any place to be counted by the bitcoins. In our country there is no such opportunity, only through the Internet it is possible to make purchases.
The same happens in my country there are no stores that accept payments in bitcoin and even in stores where you could expect to find more modern and informed people like in stores that sell hardware for computers we are unable to pay with bitcoin and people have not even heard about bitcoin at all. If you are not able to shop with bitcoin in your country, you can do something. You can shop with your bitcoin at your friends workplace. You can offer people to make payments with bitcoin. |
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I'm afraid that the war in Asia can greatly affect the situation on the market of cryptocurrencies. North Korea will lose, but before that, they could affect Japan and China. This can reduce the price of bitcoin.
A battle for the north korea will not affect the price of bitcoin. Japan, China and South Korea are on the side of the United States. North Korea is a closed country to the world. There is not much to do about Bitcoin. A battle in China may affect bitcoin. But I do not think North Korea will affect bitcoin. Agree. The war with North Korea will not affect bitcoin, and war with other more important countries can significantly reduce the cost of bitcoin. China very cleverly support North Korea, but do so so that the shadow does not fall on China. So the problems will not be either the Chinese or the bitcoins. China does not support north korea. China just wants the peaceful resolution of the incident. Countries like Japan, South Korea and China are disturbed by North Korea's nuclear tests. If the US attacked the North Koreans, they would support the US. |
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Panic selling is one of the most common scenario in cryptocurrency market and that is what the most traders liked in trading because they seen an opportunity in every kind of scenario like this one.
Opportunities always exist during times of crisis. In order to benefit from these opportunities, we need to be cool. We also need to be successful in the stress method. Most importantly, we should not be afraid to lose the money we invest. People who panic often lose in money they are afraid to lose. |
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Everything used as a means of exchange can be money. Mankind has used different clearing tools throughout history.
Bitcoin can be used as a exchange tool, such as gold and silver. People's demands determine the value of a exchange tool.
Bitcoin is a valuable exchange tool.
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I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
Bitcoin is not entirely anonymous. So states can determine your identity. I'd recommend using Tor for anonymity. If the tax on the money earned by the bitcoin is made, the states will accept it. It just needs more time. |
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I do not find the idea of bitcoin bank positive. A thought contrary to Bitcoin's philosophy. If a bitcoin bank is established, there is no difference from the current monetary system.
Many people who use bitcoins want to control their own money only by themselves. But I think that such services will be demanded in the future. So people may want to keep their money in bitcoin banks.
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It seemed a little unnecessary to me. But it can be done so that more people know the bitcoin.
With a good advertising campaign, it can be ensured that more people have information about the bitcoin.
The day on which bitcoin is first introduced or the day on which the first bitcoin transfer is made can be selected.
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
No, I do not think of going to another crypto currency. All other altcoins are bound to bitcoin. If the bitcoin ends, it ends up in the other crypt currencies. Of course it is not easy to predict the future. We do not know what will happen in the future. |
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If you are worried about sabotage because of the generation of the bitcoin addresses to deposit for the gamblers. If that will happen, a gambler can complain that they already deposited btc to that address and of course there's always an agreement between the casino and hosting providers, I don't think an employee will play dirty as what you are thinking.
A malicious hosting worker can change these bitcoin addresses. For example your bitcoin address appears in your user panel. The hosting worker can change the site's source code. When you enter your own panel, you can see the btc addresses that the hosting worker puts on. It can do this for all users. And everybody sends the wrong address btc. |
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I'm afraid that the war in Asia can greatly affect the situation on the market of cryptocurrencies. North Korea will lose, but before that, they could affect Japan and China. This can reduce the price of bitcoin.
A battle for the north korea will not affect the price of bitcoin. Japan, China and South Korea are on the side of the United States. North Korea is a closed country to the world. There is not much to do about Bitcoin. A battle in China may affect bitcoin. But I do not think North Korea will affect bitcoin. |
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Gambling sites give a bitcoin address for every user. Users send btc to these addresses. They can play afterwards.
How do they ensure the security of these servers? The script they wrote could be safe. But a person working in the hosting company can change these bitcoin addresses. Users who are members of the site will send btc to the hosting employee's address.
What kind of security measures are they taking for this?
You are uninformed and confused, employee in hosting company? you think such activities like processing coins between users and casinos happen in the server? they're being generated in safe and secured bitcoin wallets/ clients and every thing is heavily encrypted. When you see the lock pad in green color in address bar of your browser saying : Secure | https that means the connection is secured and you are the only one in connection with the site and no one else can manipulate anything. When it says Not Secure then it's not secure. employee of hosting company lol, you watch Mr.Robot lately? When you are a member of any gambling site, the site is given a bitcoin address for BTC depositing. The same goes for trade sites. In order to be able to trade on the stock exchanges, you need to deposit the address BTC first. These addresses are given to you immediately after you join the system. Where are these bitcoin addresses stored? |
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Bitcoin is still a new technology. It is counted at the beginning of the road according to other investment vehicles.
We can think of it like the first years of the gold mine. Bitcoin is the gold mine of the age we are in.
I believe that it will gain much more value in the future. Yes, bitcoin is a good investment tool.
I think long term thinking will be helpful when investing in bitcoin.
yes we can also hope that in future the value of the bitcoin will increase more and more because the number of bitcoin users are increasing continuously that is why the demand of bitcoin is increasing which is also causing the price of bitcoin to increase. People believe that if 21 mil total of BTC will be released, then the btc price will constantly rise because of higher and higher demand, and lower supply. And that is true, but it is going to happen if most of the people using cryptos will stick to BTC. Not only the supply will go lower, but the number of bitcoins in circulation will decrease as well. Everyday, people die and one of them might be a bitcoin user that holds thousands of bitcoins. Of course, today we don't feel it yet. But after all the BTC was mined, it's just a matter of time until we realize that there are much less coins in circulation, thus, bitcoin will even be more volatile it is certainly true but you consider the situation statically only What I mean to say is that it is not just the number of bitcoins in circulation and their decrease over time which is important here. It is indeed one of the most important factors but not the only one. Another very strong factor is the velocity of circulation, i.e. how often an average bitcoin changes hands. Increasing this velocity is effectively equal to increasing the amount of bitcoins in circulation. When instant and low or free of charge Bitcoin transactions become widely available, that would obviously lead to an increase in Bitcoin turnover velocity and which would likely help stabilize Bitcoin prices All the things you need to have a good investment. That is, supply and demand balance is formed. The transaction volume of the relevant product is high. ... These and similar features are necessary for the evaluation of an investment vehicle. But the problem is the following. People do not know the concept of bitcoin yet. Only those who are dealing with technology know. There are many people who do not hear bitcoin around. Everyone in the world knows normal money. How will everyone in the world know about bitcoin? Everyone in the world will know bitcoin because of its uniqueness and power in the market that can change the world for a better version. Bitcoin is digital money and can be done online without any hassle and that is why bitcoin will be notice by everyone in the world. Just wait and watch the progress of bitcoin by being adopted by the worlds biggest countries and observe how bitcoin will dominate the world. Advanced countries already know bitcoin. Big financial institutions have information about bitcoin. Financial institutions are beginning to use blockchain technology. But normal people do not have an idea about bitcoin. Countries and financial institutions are not doing anything to use bitcoin. |
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The year 2017 started nicely for the bitcoin. But ETF and hardfork news negatively affected the price of bitcoin. In this process, many people who are excited and made a sale are lose money.
Now the price is starting to rise again. If there is no setback, the price may be $ 2,000 at the end of the year.
Oh yeah I totally agree with you this year 2017 I think is the history of bitcoin because of the price . I think also the bitcoin price is increase around $2000 but its $1500 its enough for me because $2000 is hard to reach because in $1500 investor for sure will sell their bitcoin . But no one knows what will happen in the price of bitcoin but I hope the price become stable and continously increasing so the bitcoin world become great and happy . Yes, $ 2000 is a little high target. In the worst case, we can see for sure $ 1500. But the projects related to bitcoin started to grow. There is an increase in venture projects especially made with blockchain. This could lead to a bitcoin reaching $ 2000. Bitcoin users is becoming more and so the popularity is growing, and accordingly the price for crypto currency. I actually heard even more fantastic predictions, but as they say, we are, we will see. Everyone says something about the price of Bitcoin. I'm generally making price estimates. So it does not make sense to expect a quick price increase in one go. When investing in Bitcoin you need to think long term. Bitcoin was offered for use in 2009. It's been 7-8 years since. The current price is around $ 1200. If you continue this way, after 5 years the price may be $ 2500. But this price may increase even more. Because the awareness of bitcoin started to become more and more in the world. |
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What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
Bitcoin needs to be calm when trading. We have to be very careful especially in dump and pump situations. You do not have to worry if the price of bitcoin drops. Anyway the price will rise again. But it may not rise again when altcoins fall in price. Many people are losing money in altcoins. yes that is the nature of bitcoin that it s price increase and decrease from time to time. i am hopeful that in future we will never see any downfall in the rice of bitcoin . As with all investment instruments, bitcoin is also an investment with risks. Remember that the bitcoin is still an experimental application. There are billions of people who do not hear bitcoin. Of course, when compared to altcoins, bitcoin is a much stronger investment instrument. It's even better to know that we are still in the experimental stage because bitcoin has still more room to grow and if you will ride now, you will get the chance to not just double your money but the chance to grow it with a substantial amount. People are already getting into bitcoin and this big investors are seeing the potential of bitcoin, so there is no reason we will also doubt. Yeah. Many people think Bitcoin is too late to invest. I wish I had entered the bitcoin first time out. In fact, we are still early to invest. After 5 years, the price of bitcoin can be $ 5,000. So it is still too early to invest. |
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One of the safest methods that comes to my mind is to hire a dedicated server. It would be safer if the machine was physically controlled by me. At least it is protected from people working in the hosting company.
Another method is to use reliable cloud services. Companies like Amazon, Google, or Microsoft may be preferred for security reasons.
But I'm not sure if these companies allow gambling sites.
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We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.
Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?
It's hard to comment on the future. It's a bit difficult to make estimates, especially for technology-related issues. Because there's always something new going on. We are consuming technological innovations very quickly. But in my opinion, bitcoin will start to be used more. At the same time bitconin will increase in value. yes it is not such an easy job to predict about the future of bitcoin. i think the future of bitcoin is too much bright therefore we can expect that in future even in 20 years the future of bitcoin will remain bright and hope that the price of bitcoin will be trading high and high. There is no doubt about the price, the only thing for sure is that the price of the bitcoin is going to be much higher 20 years from now unless the world bans it from use than it will be worthless. The only thing that I hope for in the future is that the developers work on taking bitcoin to the next level by making transaction less slow and implementing it in all the shops of the world so it gets more and more popular. As far as I know, the developer team is working to make processing times quicker. However, each process can be approved for an average of 10 minutes, depending on the bitcoin design. In other words, transactions can not be approved in less than 10 minutes. But this is not a problem. I think it's a good 10 minutes to confirm the transaction. In the future, the paper money will completely get out of hand. Digital money like Bitcoin will be used more. |
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Bitcoin is still a new technology. It is counted at the beginning of the road according to other investment vehicles.
We can think of it like the first years of the gold mine. Bitcoin is the gold mine of the age we are in.
I believe that it will gain much more value in the future. Yes, bitcoin is a good investment tool.
I think long term thinking will be helpful when investing in bitcoin.
yes we can also hope that in future the value of the bitcoin will increase more and more because the number of bitcoin users are increasing continuously that is why the demand of bitcoin is increasing which is also causing the price of bitcoin to increase. People believe that if 21 mil total of BTC will be released, then the btc price will constantly rise because of higher and higher demand, and lower supply. And that is true, but it is going to happen if most of the people using cryptos will stick to BTC. Not only the supply will go lower, but the number of bitcoins in circulation will decrease as well. Everyday, people die and one of them might be a bitcoin user that holds thousands of bitcoins. Of course, today we don't feel it yet. But after all the BTC was mined, it's just a matter of time until we realize that there are much less coins in circulation, thus, bitcoin will even be more volatile it is certainly true but you consider the situation statically only What I mean to say is that it is not just the number of bitcoins in circulation and their decrease over time which is important here. It is indeed one of the most important factors but not the only one. Another very strong factor is the velocity of circulation, i.e. how often an average bitcoin changes hands. Increasing this velocity is effectively equal to increasing the amount of bitcoins in circulation. When instant and low or free of charge Bitcoin transactions become widely available, that would obviously lead to an increase in Bitcoin turnover velocity and which would likely help stabilize Bitcoin prices All the things you need to have a good investment. That is, supply and demand balance is formed. The transaction volume of the relevant product is high. ... These and similar features are necessary for the evaluation of an investment vehicle. But the problem is the following. People do not know the concept of bitcoin yet. Only those who are dealing with technology know. There are many people who do not hear bitcoin around. Everyone in the world knows normal money. How will everyone in the world know about bitcoin? |
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Hi friends,
As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?
Bitcoin may not make sense for short purchases. But I think it would be more suitable for long term shopping. For example, we can make payments for a product that we receive as installment with bitcoin. In fact, we can use bitcoin in the payment of products like coffee. When we enter an appropriate fee value, our transactions are confirmed within 10 minutes. With the bitcoin transaction getting slower I see the idea of using bitcoin on daily basis is kind of hard, because think of it going to buy coffee like you said and you send the shop keeper the bits and then what you sit like for 20 minutes 30 or 40, bitcoin is still not in that kind of state I think and it seems that the best option for us is just to earn bitcoin and then just exchanges it to fiat when the prices are high and buy stuff with it. It may not be convenient to pay with bitcoin in places like Starbucks. In such places, payment must be made very quickly and payment must be approved. But it is possible to pay for evening meal with bitcoin. At the same time we can pay to order the food. When I enter the appropriate fee values, my transactions are approved within 15-20 minutes. |
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