If we are talking about reputable exchange platforms. Like any company, exchange platforms have Accountants that create Profit and Loss Statements like every company, audits and to make these reports, the records that verify it are necessary. There are also laws that regulate the operation of exchange platforms. I had never had an idea like this sincerely. I totally disagree with this thought.
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I have not used localbitcoin, I have taken a look at it to create an account and exchange bitcoin but I found it a bit tedious. They should take advantage of their fame to improve their platform and make it better user friendly. A point in favor that I have noticed that the traders handle a good price of Bitcoin, the fair neither more nor less.
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Peter Schiff is a great defender of gold, he will not allow Bitcoin to be included in his company. The simple fact that he has admitted an intermediary to process payments in Bitcoin is because surely his clients have demanded to pay with Bitcoin. The other point about the exchanges they are the first to wish a massive adoption of Bitcoin, in fact the exchanges compete with offering users to earn more with their Bitcoin and crypto. Although giving the benefit of the doubt as in any business, not everything is revealed.
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I think players have more power than team owners. Franchises are in charge of keeping their players happy. For this simple reason, I don't think the NBA is rigged. Especially this season, players and team owners are arguing about the power they can represent as part of the nation. The NBA is rigged in this regard, especially this year when racial injustices made their mark. The players realized that they can make themselves heard if they come together and that one man's voice is not enough. https://www.nytimes.com/2020/08/28/opinion/NBA-boycott-history.html
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Thanks for sharing your experience. I really did not know, I have used ERC20 before the fees increased and now that they are so high I have not wanted to withdraw any ERC20 token. Now I just have to check if it works the same for me. It is incredible that Vitalik does nothing to reduce the fees of his network. According to the comments, some like me have minimized their transactions with Ethereum.
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It's been a long time since the work of the bounty hunter is not well rewarded, it's a shame. In addition to that, there are projects that fail to bring their tokens to the exchange or worse, the project fails to launch the product. I think the Bounty Managers should analyze this situation so that everyone's work is fair. Everyone deserves to be paid for hard work.
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Bitcoin is a good investment despite the fact that we are living in the time of Covid19. If you still have questions about your investment, you should know that: It is understandable that there are still people who ask if Bitcoin is a good investment, we know the risks and we must learn to manage them.
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I think we are going to the digital age with the official launch of the digital Yuan that Bitcoin gave rise to and the surrounding circumstances. The rulers of the countries have realized that the financial system and the banking system needed a restructuring to operate more efficiently. Bitcoin and cryptocurrencies have demonstrated the advantages of digital transactions and directed a new way of doing finance.
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A global reserve currency is the one that facilitates cross-border trade, including investments and international debt obligations. Global central banks hold reserve currencies to help protect against major swings in foreign-exchange rates, as well as in the conduct of monetary policy. Bitcoin Unlikely to Replace US Dollar as Global Reserve: Marc ChandlerWe must be realistic Bitcoin cannot meet all these requirements and more for it to start backing the USA dollar. Bitcoin by its nature, especially volatility, cannot compete with this role.
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I acknowledge the great effort that the Chinese government has put into creating the Digital Yuan, when officially launched, will mark the history of global currencies. And it will open the way for other countries to continue developing their digital currencies. Japan has also spoken out on the matter. "No single digital currency will dominate the world," Bank of Japan now says. https://cointelegraph.com/news/no-single-digital-currency-will-dominate-the-world-bank-of-japan-now-saysI think that now countries are against the clock to learn from countries that are entering the creation of their digital currencies to participate in the new economic model.
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Grayscale helps investors create investments in cryptocurrencies, the team is convinced as well as us that Bitcoin is giving a golden opportunity in the new digital age. They have an experienced group ready to help Accredited investors dive into crypto and therefore how important it is to Bitcoin. This is a Twitter account that you should follow to be more informed, like that of its founder Barry Silbert. https://twitter.com/Grayscale/https://twitter.com/barrysilbert/
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Bitcoin has played an important role in the midst of the pandemic for people who have turned to it in search of earning an income. Due to the high unemployment that some countries are suffering. Take as an example this article published by Cointelegraph that refers to how the Egyptian economy in the face of recession is benefiting from trading and mining Bitcoin. It is an analysis that AI-Monitor revealed that young Egyptians are beginning to invest in cryptocurrencies. https://www.google.com/amp/s/cointelegraph.com/news/bitcoin-use-rise-in-egypt-amid-economic-recession/amp
This must be happening anywhere in the world with the interest that people have in earning a new income with Bitcoin and cryptocurrencies.
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It's a shame that this is happening with the Russian crypto community that loves Crypto. The authorities in that country allege that the restrictions with LocalBitcoins are due to the fact that it illegally disseminates information to the public. Perhaps LocalBitcoins needs to design its platform to adapt to the basic data protection requirements of its users. https://decrypt.co/44902/russia-blocks-p2p-crypto-exchange-localbitcoins?amp=1
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The rulers of the countries are drawing up economic plans to prevent the recession from affecting the economies of their countries. As we know, the pandemic was declared on March 11. In that same month, we saw the price of Bitcoin fall to $ 5,389.40, which fortunately has achieved a great recovery to date due to the trust placed by investors who believe in Bitcoin to protect their funds. If we want to know how the local crypto community is behaving, we can take a look at Binance on P2P and we can see that the price of Bitcoin remains with a good index despite the current crisis. So I think there will be no impact of Bitcoin and crypto in this recession.
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For people who are new to the crypto space, it is best to buy Bitcoin because it is an asset accepted as a means of payment in some e-commerce stores. If you want to buy Bitcoin with your local currency there are many safe places to do it. Bitcoin has many benefits in addition to holding for investments. If some Bitcoin holders think to stop investing, there will be others who want to have it in their portfolio. Bitcoin will continue to climb at a higher price, the crypto market is booming.
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"Bitcoin is benefiting Defi" makes sense to me from all the valuable comments you have made. I have also read that the Defi are continuing the work that gave rise to Bitcoin. Let's take a look at how WBTC works and how it is providing greater liquidity in the ethereum ecosystem, decentralized exchanges and dapps. https://wbtc.networkAlthough I am excited about the DeFi revolution, I maintain the conviction that without Bitcoin they cannot coexist because they need to be capitalized.
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This review could help you if you are looking to compare Bitcoin and Gold. In my mind I am only concerned that the price of Bitcoin is recovering and if I do not buy more at this price it is likely that the price will go up more and it will be difficult for me to buy it.
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I think the main benefit of Bitcoin is sending money without borders. Also anyone can invest in Bitcoin from a minimum amount and that is a great privilege that we enjoy when we make online payments. The fees applied to transactions are cheaper and faster if we compare them with international banking transactions, in addition to avoiding the paperwork involved in making a bank request. Bitcoin created us the digital world in finance I could say.
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I remember the first time I used the social network facebook, I did it on the recommendation of a friend. If we recommend a friend, family member and people around us to use Bitcoin, we could gain more users. And so people could use Bitcoin easily and safely in their daily lives. In my case, it has not been easy to make people around me understand because they are rooted in the traditional banking system and Bitcoin is unknown or afraid of risk.
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