I used to store my bitcoins in an Electrum wallet. I chose Electrum because it allows me to manage my private keys which I had encrypted in case my laptop and pendrives were stolen. Right now I'm using Ledger Blue. I had hard time deciding if I should buy Ledger Nano S or Blue but I decided to go with Blue because of its big display and built-in battery.
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It's a really difficult question which we probably can't answer. Bitcoin has a bright future but we have to help with its development. If we don't do anything right now, Bitcoin won't be able to surpass fiat and replace it! It is still to slow for daily transactions, that's the most important thing if we want to use it in our daily lifes! Altough it's great if you want send money to someone who's not from the same country as yours.
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Yes, I do have >1 BTC. Fortunately, I have invested in Bitcoin when it was relatively cheap and I could afford a few. Right now I'm satisfied with my decision. If I didn't invest in Bitcoin, my life would be different. Thanks to Bitcoin I can make for a living just by trading and running few mining machines. I would like to thank Bitcoin by contributing to this project.
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There are many things which I like about Bitcoin, it's really hard to point all of them. Decentralisation is something very important to me. No one can create more bitcoins than 21 million. Coins are created by mining, almost every person who has enough money can invest in Bitcoin mining. I can tell that it will definitely pay off in the future! Also, fees are cheap in comparison with banks
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Why are you asking here? Visit darkweb or deepweb, you will find a lot of "interesting" things there. Also, why people are accepting Bitcoin as a payment for drugs? Bitcoin isn't as anonymous as some other cryptocurrencies that were designed for security and anonymity. Is it because it was first? Or is it because it is quite expensive and its value has grown a lot?
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I still consider paying with Bitcoin as a waste. I can understand that other people want to do it and I don't mind. I prefer holding mine. That's why I try not spent my BTC unless I really need money. Later I rebuy the same amount of bitcoins I have used. It's really great to see that many companies started to accept bitcoins, it will help with reaching new people.
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What is "crash" for you? Correction of the price happens sometimes, would you consider is as crash? $50000 is quite a lot but I can understand you. If I were you, I would do the same. I believe Bitcoin will be worth a few times more in 2019. A lot of countries my introduce Blockchain technology by that time. Maybe certain country will adapt Bitcoin as a currency?
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Bitcoin can give a huge opportunity to make a fortune. Of course, it isn't that easy. People who invested in it between 2009 and 2011 are already rich and they are probably observing what is happening right now. Even if you invest small amount of money, you will earn thanks to hardforks which happen time to time and increasing Bitcoin value.
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There's no time to waste. You can wait for the next correction of the price but we don't when will it happen and what will be the lowest price of BTC. You will earn a lot of money anyway so it's a good time to invest. Bitcoin was worth 2 times less about 2 months ago. You have to just believe in it. It's hard at the beginning but you will eventually.
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How would you feel if you lost 1000 BTC 7 years ago? Probably, you wouldn't care at all. Imagine you have heard in news that Bitcoin value is increasing and it's almost $6000 for 1 BTC. You would be a millionare. Some people lost their bitcoins or decided not to invest in it because they thought it's a financial pyramid. That's one of many reasons why people hate BTC.
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Usually, my friends sometimes talk about cryptocurrencies, they discovered by accident that I'm interested in them! Now they are asking me a ton of question every time we see each other. They would like to join our community. Most of them are interested only in quick profit. I'm not suprised. Who wouldn't like to earn a lot of money without doing anything?
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I always treated Bitcoin as a long term investment and it paid off for me. I have earned a lot thanks to it and I hope I will be able to make for a living with it for the rest of my life. I'm thinking about creating a mining farm in my city but I'm still unsure about location and how big it should be. Mining farms require cheap electricity and proper cooling.
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They can't control Bitcoin. Nobody can add a few zeros to their account unless someone has 51% of hashrate which is rather not possible. Some people are using Bitcoin for illegal transactions because it isn't easy to find out who you are if you know what you are doing and how to properly protect yourself. They will have to accept Bitcoin someday.
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Lucky you! Don't you feel a little bit angry that Bitcoin value has increases a lot? You could have earned almost $2000 on 1 BTC, it would give you about $4000! I don't like spending my BTC and that's why I can't understand people like you. It must have been a nice experience but you could have earned a lot of money by hodling it just a bit more.
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If you are using a web wallet, I advise you to switch to a hardware wallet or a software one if you don't want to spend any money on it. Electrum is a lightweight wallet which is easy to use. You will be in charge of your private keys which you should encrypt with a strong password. Try to buy a laptop which you will use only for sending transactions.
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I think it's highly possible. Some Arabian countries started to release their own cryptocurrencies. Also in many countries cashless transactions are already popular. How? Banks offer credit cards in such countries on a large scale. I'm curious how long will it take for big countries to adapt cryptocurrencies. When will they fall for them?
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I don't regret it because I believed in Bitcoin when it was still relatively cheap. I managed to buy a few bitcoins and I started trading. Now thanks to it, I have made a huge profit and now I want to thank people who are browsing this forum. A lot of people helped me few years ago here when I was beginner and knew hardly anything. I would like to help as much as I can.
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Every time Bitcoin price is decreasing, people call it a fraud and try to convince other people that they should sell their bitcoins to them for a lower price. Bitcoin has a potential to replace conventional money but will people accept it? Even if Bitcoin won't be used as a some country's national currency, it started a Blockchain revolution. Cryptocurrencies become a fact and they are quite popular right now.
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I have already fulfilled my Bitcoin dream. I have earn a lot of money thanks to it. Now, I'm trying to contribute to our community and help newbies to get into it. I believe that Bitcoin value will increase a lot in the future so that's why I'm still investing my money into it. I'm not suprised that people have high expectations of Bitcoin, it's an interesting technology.
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Gold is for people who would like to have their money stable and in a physical form. Bitcoin is like a long term investment. Bitcoin brought us interesting technology which might be widely used in the future, at least I hope so. Although, Gold is also a good investment because it will be always needed. Some electronics components are golden. Both are great for investing.
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