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What is the update on it? I am curious!
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The high fees are certainly not helping Bitcoin to make it a real-world currency. It is predominantly utilised today primarily as a storage of fiat, for people who are interested in higher and faster ROI than the bank and stock market. Bitcoin will still be held by everyone in the future, just in smaller proportions. It is not impossible long term though that another currency wins out over Bitcoin, it could be one of its forks or another crypto that has yet to be released - only the future will tell.
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Personally, I only trade and old Bitcoin, I haven't yet used them, but that is not to say I will not do so in the future under the correct circumstances.
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That is quite a brilliant idea there sir.
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It will not be the last fork we see by a landslide. Companies and individuals have started to see that there are instant economic benefits to forking Bitcoin, as almost all coins end up with instant media exposure and a ridiculous high price.
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At $100,000 BTC marketcap would be 2,000,000,000,000 (if we assume 20 million coins). The world economy in 2014 was estimated to be 107 trillion in purchasing power, so that would equal roughly 1.89% of the world-economy - not taking into account the growth rate of the world economy. Do we think that is feasible is the question?
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I have good experiences with both in all honesty. No issues withdrawing or depositing on either of the exchange sites and both provide great trading volume across currencies.
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Unfairly would imply that it was created to be advantageous for the early adopters. Yet when Bitcoin was created I doubt anyone would have predicted just how popular it would have become.
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I doubt that they will be doing that anytime soon. The VP of Amazon recently stated that there is no market need to integrate Bitcoin and therefore they currently do not have plans to implement BTC nor other digital currencies as payment solutions.
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The main appeal of Bitcoin does not appear to be its real-world application nor its technology but its earning potential for anyone investing. The media rarely covers the real-world utilisation of Bitcoin but rather focuses on its increasing value. That is what mesmerises them. So for a lot of people the main interest in Bitcoin is due to the increasingly high profits there has been and still are.
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Bitcoin only or will you consider other digital currencies?
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That is incredible - not many companies can boasts about those figures.
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Great to see this increase in interest of developing blockchain technology. It is the new sector that is going to grow at a rapid rate in the future, getting in now before everyone else will serve you well. I wish you all the best!
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It is a fair enough question to ask. Seeing as more than half of the world's wealth belongs to the top 1%, I cannot see how Bitcoin would be able to change that. The ones that are doing extremely well in Bitcoin today got in very early. They may have risen from no money at all to having an extremely large bank now, but even that we know from Bitcoin explorer's rich list data is extremely narrow too. The big ones entering today are the ones with a high level of wealth already, these guys will reap even more benefit and widen the gap more or close the gap that Bitcoin may create for the smaller investors who have been doing well.
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The chances of that occurring is extremely low. We are at a point of no return here, where I simply cannot see Bitcoin losing its momentum. Bitcoin is known by everyone around the world and as they grow more confident in Bitcoin as an alternative to traditional investment opportunities or as their "bank" for that matter, Bitcoin's price will keep soaring.
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Bitcoin will continue to gain momentum but the high transaction fees and the necessity for middle-men to guarantee deposits before they are completed, drive up the cost of Bitcoin long term. This works against Bitcoin's mass market adaption, beyond the measure of it being a good investment opportunity. Other coins have lower fees and faster transaction times without the need for a third party to secure transaction amount before it is finalised.
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There are two key ones that I think look interesting.
Wagerr - good one to research a bit more on your own.
CasinoCoin - been around for years but just recently had a new C-executive advisory board announced and attached, who are all heavy weights from the gambling industry. With their network in the industry they have a high chance of getting the coin implemented for usage in the gambling industry.
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Looks promising, quite like the way you have done it, just not a big fan of the domain, as it is a bit difficult to remember how many "n"s there are in it.
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Great consistent and unique style you have there. Great work! I like them all.
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Definitely. I would never advocate investing more than you would be comfortable losing. Having said that though, it also depends on your level of risk aversion. How much of a risk taker are you and how does that affect your emotional state? Things to consider.
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