This is probably correct, there are lots of people who have invested so much money in cryptocurrencies but the problem is they are not having any return or it is so small that we couldn't even call it as gain, while there are people who are actually gaining rapidly and making lots of money with just a little investment or sometimes no investment at all. This is because of the timing, that what I believe.
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In my opinion, there is nothing wrong with working hard, but this doesn't mean that I agree that working hard will lead to riches and success. I have been seeing friends and family members work as hard as they can but only earn barely enough to support their families needs, while there are lots of people who are actually almost doing nothing but are actually successful, maybe they are doing something right or better that they are earning much better than the hard workers.
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I need some opinion if panic selling can contribute of rapidly drop of the bitcoin price. If it is right how can we convince to the bitcoiners to not doing panic selling.
Yes of course, panic selling does affect the price of bitcoin negatively, when people are seeing that the trend of bitcoin is on a down trend, they tend to sell their holdings, but most of these people that panic sell are people who are new to the cryptoworld. Panic selling is a very hard event to avoid knowing that there are more and more new poeple who are joining the the cryptoworld.
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In my opinion, it is not the crypto market that is getting in demand, but bitcoin itself. Most countries are airing bitcoin in their news, but only bitcoin, the cryptocurrency as a whole is not really being broadcast, so many people only knows bitcoin but not the cryptoworld. I think if the wolrd is telling or educating people more about cryptocurrency then the demand would definitely be greater.
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In my opinion, the world is still new to bitcoin, most of our old folks havent heard of the term cryptocurrency yet, maybe in some 1st world countries the information about bitcoin and the cryptoworld is common, but most of the third world countries doesnt even now how to turn on a computer, so promotion is good, really good, but I think that is not the problem here, but the accessibility of new technology.
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In my opinion, people are still buying bitcoin because they still do believe that bitcoin will give them huge profit, lets get real, we are all after the huge amount of profit that we might get if we will buy or invest in bitcoin. Cryptocurrency is gonna help the economy greatly as we believe, but we also want to take the chance no matter how risky it is, the chance to earn big and live in wealth.
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The thing is, if you really wanna get involved in the cryptoworld and be a part of the cryptocommunity then there is no need to wait for anything. Most people are asking if it is time to join in and invest in cryptocurrency, I say, we dont need to wait for bitcoin to get more cheaper, because if we wait till it get a bit more cheaper, it might get even higher! And you might never get in the cryptoworld.
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mon·ey (noun)
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively. ---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
In my opinion bitcoin is both money and a currency. Money, because you can use it as a mode of exchange, you want something that Im selling? Then you could give me an amount of bitcoin so that you can have it. Currency, because it is being used as money in general, and bitcoin is a form of cryptocurrency, a kind of currency which is in crypt, so for me, bitcoin is clearly both money and a currency.
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Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
I believe that banks are still gonna be around even though bitcoin and the other cryptocurrencies dominates the world, banks has been a partner to the world since a long time ago and they always get to let people see that they need the bank, I think banks will remain and will keep people wanting to be a part of their business, maybe we might not be putting paper money and coins in banks, but cryptocurrencies, depending on the changes, I believe banks can adopt.
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I think having a virtual money is gonna be must in the coming years, nowadays our technology have been booming, and people are adapting very well, these modern changes leads to convenience and to a better world for us to live, money have always been with us ever since and it came from one feature to the other, I believe the that cryptocurrency is gonna be accepted someday as our worlds new currency and it is for only one reason, convenience.
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I think it might happen in the future, if some cryptocurrency shows up which people finds better than bitcoin. But for now, I guess bitcoin is still the top cryptocurrency, people around the globe are aware of bitcoin nowadays, but they dont know any other cryptocurrency besides bitcoin, only those who are in the cryptocommunity are aware of these other cryptocurrencies. So in my opinion, bitcoin wouldnt be outdated by anyother cryptocurrency yet.
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For me its a hold, even though you experienced some loss, it still better to hold because you might just be able to get it back after a couple of months, but if you sell now, you will just be extending your loss, because you will be selling your bitcoin in a price that is so much lower than when you bought one. That is painful, so in my opinion, it would be better to hold and let your emotions get behind.
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As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services. we should know. 1.what challenges are facing bitcoin? 2. how we can prevent it? 3. how we should face those challenges?
Cryptocurrency is rapidly being known in the whole world, that is a great news, but the real problem and what I think is the real problem is, how people would react about it, would they accept this new system?. Nowadays, many young people and young investors are accepting bitcoin and the cryptocommunity very well, but the problem is the older generation, having these new system is just too difficult for them to understand, but I believe, in time, everyone will accept this new system.
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To secure your bitcoin as well as other cryptocurrencies you could use a cold wallet, these wallets are offline wallets which makes it harder for hackers to penetrate and steal your coins. You should also remember to have a back up of your private keys and keystores so that you have a safe keep of your important files.
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I got involved in the cryptoworld because I saw how it gives the return of investment of its investors, and more than that, trading using cryptocurrency is easy and it is a lot of fun. I also believe that cryptocurrency is gonna be big and it will play a vital part of the worlds developement and advancement, just like people are saying I also believe that cryptocurrency is gonna be the worlds new currency so learning and getting involved now is gonna be a great advantage for everyone who knew cryptocurrency in its early stage.
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I just invested in some satoshies in my account hoping that it will bring me plenty of return, if the predictions are correct then it would be great!, if bitcoin is gonna regain its price same as last december 2017 then its gonna be a green yesr for every trader. Hope that what speculators are saying is true, and I also believe that we are back on the green days.
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There is only 1 effective way I know that is sure to shut these people up, and that is to actually earn lots of money and buy erything that you want. You dont have to brag about it because that person is definitely keeping an eye on you, waiting for you to admit for yourself that you are wrong and he is right, but, I guess that wont happen, because bitcoin is really a good investment and we will never be wrong.
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I think it would be best to keep our kids educated and updated to what is happening to the world. Changes this big is definitely gonna need lots of teaching, and in my opinion, the best place to start to teach these kind of things is none other than schools. Having early education and information about the cryptoworld is gonna be the best option if we want a better future for our children.
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If the goverment put tax to bitcoin transaction, what will the consequences?
The profit will decrease and attraction also decrease in my opinion. How about yours
In my opinion, the government will definitely get their eyes on taxing cryptocurrency especially now that the world is being informed about cryptocurrency, so there are a lot of people who are actually benefiting in cryptocurrencies and we are not talking about small amount of cash here, we are talking about millions of money, and I think the government will find a way to take a share of those earnings.
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I think it's not far if i say that dollar and bitcoin are actually the leaders of their platforms. What's also crazy is how this forum served as the source of consumers and a big factor in increasing the acceptability of bitcoin by people. Really the design and everything about this community is genius.
I do believe in that to, dollar is the worlds common currency today, and I think bitcoin is the common currency in the cryptoworld, now that bitcoin is being known world wide, the possibility of bitcoin becoming the worlds one currency gets even higher, foe me, that would be great, getting to use bitcoin in daily transactions, its safer and more convenient.
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