Bitcoin in its current state, can't be used as a normal currency. It's great for sending money for example to someone in another country. Bank transfers in such situation are much slower and way more expensive. I feel that Bitcoin is much easier to use than convential banking. It's easier for me to use my hardware wallet than access my bank account from web. Bitcoin has a potential but it will take a lot of time before it happens.
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Using social media is a great idea. However, I have already told almost every of my friends about Bitcoin. Some of them started to invest a small amount of money in it. My one friend even decided to order few Antminers! I was kinda suprised at the beginning but mining is also a way to profit from Bitcoin. If I only had more followers, I would do the same as you.
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There were many forks in the past and there will be more of them in the future. Despite this, Bitcoin won't fail. People were frightened just before the Bitcoin Cash hard fork. And now? People are buying as much BTC as they can before 2 upcoming hard forks in the next few weeks. Ethereum price has gone down a lot recently. It won't be able to replace Bitcoin.
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I will stay with the original Bitcoin (bitcoin.org). I agree that scalability issue is a bit made up right now. Bitcoin wasn't designed for small purchases. It is great for bigger payments, especially between people who aren't from the same country. After introducing SegWit transactions are already fast and cheap (even thought there's only 10% SegWit addresses adaptation) so why would we increase the block size limit to 8 MB?
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Some bank around the world started to adopt Blockchain technology. Probably they realised that they have now chances in this "war". Some bankers are still saying that Bitcoin is a fraud and we should ditch it. We all know that they are simply afraid of losing money. They won't be able to charge extra for transaction. Their only source of income will be loans.
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They are simply afraid of losing control of financial system. They wouldn't be able to print more of money. I would like to see a country with cryptocurrency as their main currency. A lot of countries right now have a huge percentage of cashless transactions. Paying with a credit card is something really convenient. Wechat already allows you to pay by scanning merchants' QR code.
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People want to earn money without any effort and with small investment. If they had invested in Bitcoin, they wouldn't have to worry about working now. I try to encourage my friends to invest in Bitcoin, it's a futureproof investment. I wouldn't be suprised if the Bitcoin price hit $10000 by the end of this year. I was expecting that we will hit only $6000 by the end of the year but know I believe that everything is possible.
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Bitcoin was the first cryptocurrency which was working quite good. A lot of people know Bitcoin, even if they are not into cryptocurrencies. It doesn't work as fast as Ethereum and it doesn't support tokens (because it wasn't designed in such way of course). Bitcoin value has been increasing recently, that's why it is also popular among new people.
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It depends what do you mean by banned. What would be not allowed? Trading? Mining? Having bitcoins? Goverments can ban exchanges in their countries but they can't check if someone has any bitcoins or is mining. Huge mining farms would have problem but people with few Antminers could easily hide them if they were suspected.
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I have created an extra account on my hardware wallet where I try to save up some of my profits from trading. Money from this account will help me with paying for the education of my children and maybe even grandchildren! Bitcoin value has increased a lot this year and I hope this trend will continue. If my plan works, I won't have to worry about my children's future.
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Bitcoin has a lot of advantages. I really like the idea of being my own bank. I don't have to worry about losing my money (due to unpaid debt or hacked bank). Bitcoin transactions aren't designed to be used for daily purchases. However, it's great when you want to send money to someone who isn't from the same country. In such case, transactions are faster and cheaper.
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Wow, I thought we will reach $6000 by the end of this year! Will it reach $10000 this year? Fortunately, I have traded all my altcoins before they all crashed. I have traded everything for Bitcoin, I hope Bitcoin Gold and Bitcoin SegWit2X will be worth a lot because I want to sell them for a high price. Probably some people will try to pump Bitcoin SegWit2X price.
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Bitcoin price has decreased a bit today but it quickly recovered. I haven't seen it for less than $5150. I was kinda suprised because I thought that people wanted to hold their bitcoins to receive Bitcoin Gold and Bitcoin SegWit2X coins. Most people will earn more from this hardforks than they would lose due to decreasing price. Unfortunately, these coins may be worth almost nothing because of everyone selling them.
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Bitcoin value won't be increasing forever, it will end someday. We are still far from this to happen. That's why it's never too late to invest. If you don't invest right now, you will be mad at yourself because you didn't invest when the price of Bitcoin was lower. People who invested in Bitcoin at the beginning of the year have earned a lot of money thanks to it.
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It will take a lot of time before quantum computing will become a real thing for ordinary people. Quantum computers need proper cooling which requires a lot of electricity. Probably we won't see them in our houses for the next 50 years, at least. I wouldn't worry unless there's a major breakthrough in this technlogy. Bitcoin is safe for the next few years.
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It's too difficult to predict Bitcoin price, even for the next day! I believe in Bitcoin but I'm not sure if it will be still alive by the end of this century. Even if it would be, its price may skyrocket to a few millions. That's why it is a good idea to save up some Bitcoin for our grandchildren. Probably a lot of countries will replace fiat with cryptocurrencies by that time.
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It's highly possible to earn enough Bitcoin to quit from a job. If you have enough money you could invest in mining farm. You could get payouts whenever you want. Maintaining mining machines is a time consuming task and requires some additional knowledge. Trading would give you more profits but it requires a lot of knowledge and money.
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I treat Bitcoin as a long term investment. That's why I try not to spend it when I don't have to. I believe that Bitcoin has a potential to become a widely used currency. I think it will be used in the middle of trades and it will be valuable resource which won't be easy to replace. If you want to trade any other cryptocurrency than Bitcoin then their price depends on it, no matter what.
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Bitcoin can't replace gold. Bitcoin is nothing physical. Some people will always prefer to keep their money in something they can touch. We have limited supplies of gold. It is widely used in jewelry and electronics! I bet that some electronics part of our mining machines have gold in them. Gold will stay with us for a long time, even if Bitcoin becomes more popular.
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It is possible, not everywhere but in the most country it is. Almost every average person uses smartphone these days. People want to pay for things conveniently so that's why they are using debit cards or smartphones when they have to pay for something. We could use some kind of web wallet and QR codes to pay using bitcoins. It's a matter of time.
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