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1141
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Bitcoin / Bitcoin Discussion / Re: will bitcoin become obsolete?
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on: August 08, 2018, 06:31:39 PM
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Well it possible for bitcoin to become obsolete in the future because as the saying goes nothing good last for ever so at that there will come a point where a higher technology will come and overtake bitcoin but I still believe that it will be run on the blockchain and that will make bitcoin to be relevant at any point. Bitcoin will last for long but how long I can't say.
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1142
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Economy / Speculation / Re: Has Bitcoin reached its goal?
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on: August 08, 2018, 06:28:39 PM
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In my personal opinion bitcoin have not reached it goal yet due to the fact that the technology is still developing and more and more people will still embrace bitcoin as they choice of investment and currency in the future and at that time we can say bitcoin has reached it goal and also the altcoins since bitcoin serve as the controller of the entire crypto system.
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1143
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Bitcoin / Bitcoin Discussion / Re: Will Bitcoin lose market share?
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on: August 08, 2018, 06:23:18 PM
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Well Nokia is just a part of a technology but bitcoin is the origin of the crypto currency and at that using the events that has happen with Nokia to analys the feature of bitcoin is wrong, all the altcoin we have are all part and parcel of bitcoin and at that their can never out grow bitcoin at any point bitcoin will remains the king of crypto
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1144
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Bitcoin / Bitcoin Discussion / Re: How do we change the public's view of Crypto world?
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on: August 08, 2018, 06:19:45 PM
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Well weather the public have either good or bad image of the crypto currency or the blockchain technology entirely the fact still remains that digital currency is here to stay and at the same time cryptocurrency is the feature of all online and financial transactions which is decentralised and at the same time free from third party involvement. So we can preach the good news to the public about adopting crypto currency as they secondary currency.
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1145
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Bitcoin / Bitcoin Discussion / Re: Investors are moving forward fund on Bitcoin.
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on: August 08, 2018, 06:15:38 PM
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The bullish run is almost over and the market have started recovering with some stable movement and price chart corrections, and what always happen in the crypto market is that since bitcoin is the mother coin it serve as the basis for determinant to the price of all other altcoins in the market so when ever the price of bitcoin increase other coins will followe suit also.
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1146
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Bitcoin / Bitcoin Discussion / Re: Is it too late to invest in bitcoin? Is it a bubble?
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on: August 08, 2018, 06:07:18 PM
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You have said it all the news we use to have are always fake and are being spread by FUDs who want to take advantage of the volatility of the crypto market for there own selfish gains, it never too late to invest in bitcoin and when it comes to bitcoin investment what I normally do is to follow my instincts and at that I never allowed any one to deceive me.
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1147
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Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM Machine in Nigeria.
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on: August 07, 2018, 08:26:46 PM
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Bitcoin is a digital currency that is decentralized with no regulatory control. Over the years a number of Bitcoin ATM boot have sprang up in some developed and emerging economies. Since bitcoin is a digital currency I don't understand the rationale behind the creation of bitcoin ATM with so many crypto exchanges around the globe.
Now which organisation is responsible for the setup of this ATM machine? What is the benefits of having a bitcoin ATM in Nigeria?
Nigeria as an underdeveloped countries will wait for some time before having a bitcoin ATM due to the low level of technology and industrialization in Nigeria, because bitcoin ATM is a new development in the bitcoin network and just few developed countries are having bitcoin ATM at the moment and it the responsibility of the blockchain to installe bitcoin ATM since the blockchain is the bitcoin bank. |
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1148
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Other / Archival / Re: Bitcoin and global warming
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on: August 07, 2018, 08:22:19 PM
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Well that is base on your assumption bit let me ask this fundamental question have you try to take into consideration the impact of the external forceyon bitcoin mining such as the government policies that may make mining almost impossible and also the high cost of mining activities and how high electricity billing may be in the host region, so trying to compensate the active miner may be I drop in an ocean.
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1149
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is crypto legal in your country?
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on: August 05, 2018, 05:51:49 PM
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Well most of the countries attacking cryptocurrency and the blockchain technology are only doing them self's because the cryptocurrency community is a decentralized digital currencies that can not be control by any person or institutions of government and at that the government are only harming the growth of they economy. In my country cryptocurrency is being allowed but not officially recognized as a legal currency.
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1150
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Economy / Economics / Re: When bitcoin prices rise up the market also will
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on: August 04, 2018, 09:05:36 PM
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Bitcoin has a direct link and control over the entire cryptocurrency market this is so because bitcoin as the mother coin have been design in such a way that it increase will result to the increase of other coin and that is what make bitcoin the king of cryptocurrency.
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1151
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Bitcoin / Bitcoin Discussion / Re: NO! Do Not Invest all you have on Bitcoin and Cryptocurrencies
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on: August 04, 2018, 09:02:30 PM
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Yes when it comes to investment you are always advice to invest a little and not every of your savings due to the fact that business is of two faces while you hope to gain you must also prepare for loses also because it part of investment and at that you should always reserve what you can fall back to in case any thing goes wrong.
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1152
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Bitcoin / Bitcoin Discussion / Re: Best and Worst Case Scenario for Bitcoin
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on: August 04, 2018, 08:56:32 PM
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Guys yesterday had a conversation with a friend and we found ourselves discussing this issue: What is the best and worst case scenario for Bitcoin? From the conversation it emerged (this is not from using bitcoin as investment vehicle) purely by assuming we understood the objectives of Satoshi lol! would be: Worst case scenario: It is overtaken by govt cartels and it becomes another type of gold just a store of value with huge transaction fees, also it finds a stable price which does not augur well with "investors" and thus the perceived bitcoin bubble maybe a price of $3000 maybe not a pessimistic though  Best case scenario: Bitcoin lives to serve its purpose of being the internet currency with global adoption of-course "rekting" government and other central capitalistic entities. In a nutshell promoting financial inclusion worldwide. Those are just thoughts of guys who were having a beer and maybe we thought too much but anyways members can contribute hoping to be roasted as well for my bitcoin newbie thoughts I believe this is just you thought and at that there is just little to what I will say, bitcoin can never be a bubble and at that there will never be a cinerio that will make that happened. And again bitcoin as a highly decentralized assets can never be control or subjected to such treatment from government. |
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1154
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Economy / Economics / Re: Cryptocurrency is a trending topic all over the world?
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on: August 03, 2018, 08:36:56 PM
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Cryptocurrency is the trending issue of our present society and at that the cryptocurrency community is witnessing high rate of awareness and acceptability in the world, even on national radio stations in my country cryptocurrency is being air on they program. Bitcoin most especially has gain good image in the society.
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1155
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Bitcoin / Bitcoin Discussion / Re: Chinese investor loses $400,000,000 in Bitcoin
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on: August 03, 2018, 08:28:22 PM
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Your analysis is wrong how can you say he has lost when he is still in position of the said amount of bitcoin since he has not sold the bitcoin in his possession, because if he hodl and Wait for price rise he will still recover and even make remarkable profits on the bitcoin because the bitcoin market is always volatile.
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1156
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Bitcoin / Bitcoin Discussion / Re: Why did the government want to kill Bitcoin?
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on: August 03, 2018, 08:23:23 PM
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I agreed with you to some extent but the truth still remains that bitcoin as a decentralized currency can not be control by any person or institutions of government and I think this is why the government is always against bitcoin and the blockchain entirely, so at that since the government can not control bitcoin the only thing left for them is to attack bitcoin.
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1157
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Bitcoin / Bitcoin Discussion / Re: What you do when someone say bitcoin is illegal thing?
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on: August 03, 2018, 08:11:15 PM
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The best way to introduced bitcoin and the cryptocurrency to an adamant friend or family member is by letting the research for it by them self's, then try to practicalize it for them by helping them to carry out transactions and at the same time the speed and convincing of the blockchain technology and cryptocurrency system.
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1158
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Economy / Economics / Re: BANKS offers LOANS.
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on: August 02, 2018, 08:07:00 PM
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That will require a lot of process because before banks give loans the most first of all know where the found is going and at the same be able to trance the transactions and since bitcoin is highly decentralized it is difficult for the bitcoin transactions to be followed and monitor by the bank.
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1159
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Bitcoin / Bitcoin Discussion / Re: What if Government bans Bitcoins?
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on: August 02, 2018, 08:03:43 PM
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It not possible for the government to ban bitcoin activities due to the fact that bitcoin is a decentralized commodity which is just a store of value which is base on the blockchain technology and at that no government or any institutions can clime down on bitcoin to the extent of banning it activities.
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1160
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Bitcoin / Bitcoin Discussion / Re: Most Crypto investors are Cowards
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on: August 02, 2018, 07:54:01 PM
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I have never been ashamed of promoting cryptocurrency any time any day in fact my college in the office know how proud I am about bitcoin and at that they are attracted to bitcoin now, if I don't like bitcoin then what am I doing here all this while I invested my money in bitcoin some months ago and I will still invest more in the features.
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