Bitcoin price is volatile in the market it means that the market will go up and down on daily basis based on certain factors in the market. Some time it can go up and down abnormally that is the common practice in the volatile market.It should not sell it when the market is going down and never do book lose .I mean a wise investor should not do any type of panic selling during the dropping market and never buy it when ever the market is high. The investor should be patient and wait till the market will attain his projected target.
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I would like to prefer to increase my bitcoin rather than dollar.Bitcoin creates an economic revolution world wide since it is a new form of economy with strong net work systems linked with the modern technology. Bitcoin has the specific features which are attracted by global investors Bitcoin is a fast media for the transaction, a good investment tool.,good for day trading and also useful for the on line trading and for the service bill payment etc.
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The world is getting ready for crypto currency because the crypto currency is formulated with the modern technology including the computer .But out of the world population only 40 percentage of the people can aware of the modern technology with the computer literacy.The rest of the 60 percentage population for the above study a little time consuming and gradually it will be materialized.So very shortly the crypto currency will be taking the leading role to control the global economy.
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One of the main cause for Bitcoin making the world go crazy may be cheap electricity for mining Bitcoin .Another reason is that the people doubt about the stability of fiat currency and some of the Eastern European countries has gone through prolonged war and recession that cause the poor working class people to lose confident in government and bank . Another fact is that these country people had faced many difficulties in currency crash for several years these all leads the people go crazy with Bitcoin.
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There are about 17 to 18 million bitcoins are in the market so far it is mined and if the miners are going to stop mining further it means that the above 18 million bitcoins will be circulating in the market .But bitcoins demand will be increasing and its price can move up..Bitcoin can be useful in various ways of life to the human being world wide and it is found essential to the daily life.of the modern society.
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At present I think that there is no competitors for Bitcoin since it is been more popular Bitcoin can be said to be the king of all cryptocurrency in the global system . Due to the privacy and security reasons Bitcoin has gained more popularity.. Bitcoin is likely to remain as the premier global digital currency since Bitcoin is the strongest one now it doesn't mean that there will be no competitors for ever . There are some crypto's that are close to Bitcoin ethereum the virtual currency that started on 2015 predicts that some day will catch Bitcoin .
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We all already know that Bitcoin has millions of investors and there are several of people who do not trust Bitcoin people who are unaware of Bitcoin and online funds do not trust in Bitcoin and some people do not have any access of internet in remote areas they are difficult to learn about Bitcoin and they are not aware of internet do not trust in Bitcoin other than fiat currency . Even though Bitcoin is so popular most of the people do not understand Bitcoin and even accept .
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Mostly the public will not be willing to take risk in life especially in money that will be a hard job to change the mentality of the people .There are different opinions about Bitcoin we hear from media's and news from government , Some believe that Bitcoin is for making money quickly changing the mind of people from negative to positive is difficult since Bitcoin is not accepted by everyone, we can explain about the advantages and disadvantages to the people and make them aware of Bitcoin .
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By mining and buying is the two option for getting Bitcoin. Mining Bitcoin is a high task since we need a specialized software and hardware it takes more energy and electricity consumption the best way to get Bitcoin is to buy it from exchanges that are trustful .We can buy Bitcoin without revealing your identity some doubts when to buy Bitcoin to my concept this is the time to buy since the price is low . We cannot predict the time when the price will increase so better to buy when the price is too low and sell when the price increases.
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Bitcoin is an electronic asset mean time bank note is a physical currency with the specific value.If there will be a financial recession to the country means the value of the bank note will be depreciating mean time the value of bitcoin will be stable .Bitcoin can be useful for the world wide shopping and mean time the bank note can be used only inside the country . Bitcoin is useful for the easy and fast transactions world wide with out the interference of the third party .So the bitcoin is better by all means.
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Bitcoin is one of the major crypto currency which can be operated world wide.Bitcoin consists of a strong net work systems with a new form of economy connected with the modern technology .Its features are very attractive for the global investors concerned and its popularity has wide spread world wide and bitcoin could attain the confidence of the global community for the investment,a fast and reliable media for transactions, for the day trading since the market is volatile , for the local and international shopping,and for the domestic service bill payments etc.In general bitcoin can be used as a global currency very shortly.
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A positive news about crypto currency or bitcoin has considerable impact in the market. We will see the corresponding reflection in the market showing the bitcoins demand and corresponding price rise in the market. Bitcoin legalization to a big industrialized country we will see a corresponding price rise in the market.Bitcoin is an electronically operated currency with strong net work systems and it has definite features which increases its popularity world wide and it could attract the global investors confidence.
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Bitcoins market target will be unpredictable because its formation is for the benefit of the entire global community. If the entire global population is in a position to utilize bitcoin for their daily requirements its demand and price can hike to any level.Bitcoin is newly introduces its own economical concepts which are suitable to the modern era even though it is contrary to the present financial concepts .Bitcoin is getting popularized and attracting the confidence of the public for their daily utilization.
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An ideal investor should think very well and decide prior to invest his hard earned money.Here the investment comparison between bitcoin and property and here investing to bitcoin will be far better than investing to the property because the price fluctuation to bitcoin is greater than the price of the property .Especially it is a new form of economy with the strong net work systems and its specific features are attractive to the global investors so its popularity is increasing day by day.
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Bitcoin is a service oriented coin tried to establish in the world.Though it is in its beginning stage linked with the modern technology and the computer. Bitcoin is a modern form of economy with a strong net work systems its specific characteristics which are attractive to the global business community Bitcoins popularity and its usefulness has wide spread globally and bitcoin could attract the global investors confidence.Now most of the industrially developed countries are attracted bitcoin and they agreed to operate parallel to their economy and bitcoin could help some countries like Japan, Greece,Brazil and Venezuela for their economic down turn and with the help of bitcoin above countries could overcome their economic instability.
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The German finance ministry proclaimed Bitcoin as an unit of account and it could be used to pay tax and purchase goods.The government doesn't interfere in the citizens private choice of money they says that the government should not interfere in the success of the citizens in a free country like Germany . As the popularity of Bitcoin increases the attraction towards Bitcoin also is attracted by financial institutions .The German government will not tax the users of Bitcoin for using cryptocurrency as a means of payment.
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Bitcoin is volatile in the market and the volatility prevails due the the continuous transactions in the market whether it is buy or sell and in other way this volatility exists due to the market demand of bitcoin.Bitcoin is a new form of economy with the strong net work systems.The wise investors are utilizing such volatility for the day trading for the every drop and hike investors can make money.It has the specific features which are useful to the global community world wide for their daily use.
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Bitcoin is the first crypto currency started to the year 2009 which has a strong net work systems.The bitcoins originators intention is to provide a strong currency to use world wide fo the benefit of the global community for their daily requirement..Bitcoin is a decentralized one so not any controlling authority over it and it can be transacted world wide with out any banking interference. Its all transaction are recorded in an electronic ledger with block chain technology..Bitcoin could help some countries during their economic down turn such as Greece, Japan, Brazil,and Venusela etc Bitcoin could help the above countries during their economic recessions.
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Yes I do think that bitcoin will become the first world currency for buy and sell because bitcoin is the first crypto currency which can be operated world wide .Bitcoin is a new form of economy with strong net work systems and specific characteristics.Bitcoin can be used for the media of transactions ,as an investment tool, day trading, for the local and international shopping,for the payment of the utility service bills etc..Due to the above reasons its popularity has increased world wide and very shortly according to my view that bitcoin will become the first world currency for buy and sell.
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Bitcoin is the new form of economy with a strong net work systems. Bitcoin has its definite features which are very useful and attractive to the global community for their daily requirement.Even though bitcoin has started in the year 2009 it is still in the beginning stage and has to go a very long way further.The originators intention to provide a strong currency to the global community for their daily usage world wide.Bitcoin is one of the major crypto currency which can be operated world wide electronically only. Among the global community 30 to 40 percentage of the people are only be using the computer mostly the youngsters and shortly this can be improved further to the majority to use bitcoin world wide.
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