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Check him out on google, you'll see he is not to be taken seriously.
Well, if we say he is not to be taken seriously, the financial world is taking him seriously and his statement coupled with China's anticipated clampdown has affected bitcoin's price severely.
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Bitcoin 'is a fraud' that will 'blow up,' says JPMorgan Chase CEO Jamie Dimon Is this a fact or he is just creating another FUD?
See the two sides below "Speaking at a bank investor conference in New York, Dimon said, 'The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.'
"Dimon predicted big losses for bitcoin buyers. 'Don't ask me to short it. It could be at $20,000 before this happens, but it will eventually blow up.' he said. 'Honestly, I am just shocked that anyone can't see it for what it is.'
'Like it or not, people want exposure to bitcoin,' Edward Tilly, chairman and CEO of exchange group CBOE Holdings Inc., said at the same conference.
Any good trade is started with a difference of opinion, Tilly added. 'So Jamie can be on the short side and the issuers and those trading in physical can be on the long side, and it sounds like we have a great trade.'
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The way to go will be to look for an altcoin to mine, it is no longer profitable for an individual to mine bitcoin. Sorry!
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At the time Warren Buffet spoke, there were still a lot of widespread skepticism that bitcoin could end up as a puff of a smoke, sometimes it is best to err on the side of caution, he never believed that governments could one day legalize a currency they had no hand in creating and none could have foreseen what took place in 2017 as being a possibility in even a decade's time.
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Real money will never disappear, not everyone have access to the technology that drives bitcoin or knowledgeable enough to use it, especially in the developing nations
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It might depend on the reason why Bitcoin can die. In case when the death is due to total ban of Bitcoin as done by all governments or regimes then there is a possibility that Bitcoin death can also mean the death of altcoins. Now, if the reason can be other than that or it is within Bitcoin like losing the appeal from the market then there is a possibility that another coin can rise up to take the vacuum of leadership.
It think if all governments were to ban bitcoin it will still survive as it will be used underground, but every technology can be a victim of disruption. Something new may come up and cause people to abandon cryptocurrency.
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Bitcoin is a rollercoaster ride, you can always make money if you know how to ride it, either it's going up or down people are making money as long as you don't focus too much on the FUD
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That is the way to go, Regulating the ICO's is good, not all are scams, and you don't throw the baby away with the dirty water.
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Great article! very smart move, they stand a chance of really making great profit if bitcoin continues to swing upward as fait currency cannot match bitcoin's rise in value.
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One good reason, China had to block ICO's, it's a fertile ground for scams.
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Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
It's both. The fact that people like to hold it more than spend it doesn't negate it's currency-like features. People can buy stuff with Bitcoin, so how it cannot be a currency? One of the problems i see with bitcoin is the value fluctuation, if you use it in exchange for goods one moment you may be making huge profit the next you are taking in colossal losses and this kind of losses can wipe out your business. I think there is a need for the stability that a fiat currency offers.
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Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
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Any ideas on how to spot a bitcoin scam?
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I really doubt there is any scientific proof to describe god existence.
You are a proof that God exist, the human body is too complex to be an accident of nature.
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To be or not to be, that's the question. It's called a coin because it has two side, one profit, the other loss, flip it what do you see, heads or tail. You don't want to sell because you think the value might increase, good. But look ahead do you see any future for the coin, if not you may be heading for a slippery slope and this may be the time to cut your losses or end up with a 100% loss, It's sad but it could happen.
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To develop it, is not as hard as maintaining it, you need 24/7 for that. Your goals will determine the path you take in creating a cryptocoin, if you are just doing it for the fun of it, then you can just look for any online generator, of course you will end up with some shitcoins. But if you want to develop something that people will actually use. Then you need a team. Meanwhile you can visit this link: https://bitcointalk.org/index.php?topic=225690.0A little bit dated but could point you in the right direction.
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Did you succeed in retrieving them?
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Go for rehab to break your gambling addiction, usually takes 21 days to break the neuro-patterns of bad habits. Get financial advice for experts with proven track record. Don't put all your investment in one basket, diversify.
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sorry i removed my warning post. i thought you can claim bcc from any wallet if you know only wallet address.
Ok no problem
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