Getting your Bitcoin wallet hacked is one of the biggest nightmare of the people who has their Bitcoin wallet. In order to protect your Bitcoin wallet, never give or trust to anyone your password. Also be aware on what website you are getting into, sometimes there would be websites that looked like the website for your wallet. In order to avoid these, I suggest that you can get a Hardware wallet in order to sure your security.
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I think that news will not affect the one who are trusting Bitcoin, because they already experienced and has a knowledge on what Bitcoin is. This news will affect those who does not have any knowledge on Bitcoin at all. Filipinos are really updated on what is happening in the country because of media. If media will show to the Filipinos the bad side in Bitcoin, I guess it will destroy its reputation on the people who doesn't know Bitcoin in the Philippines.
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Yes, Blockchain is only a feature that is found in Bitcoin and many companies and altcoins are using this kind of feature. If the situation is "Bitcoin disappears today", then the Blockchain still exists because this kind of feature is already adopted by many. If the situation is "Bitcoin does not exist at all", then Blockchain will not also exist because no one still discovered that kind of feature.
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Yes, people using social media is a great target for promoting Bitcoin/cryptocurrency. Every people in this world has an easy access to social media. With just one touch they are already connected. It is really the best target to promote crypto. I suggest in promoting crypto, the news/promotions shall be easy to understand for people who does not have an idea about cryptocurrencies/Bitcoin.
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Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.
Thanks.
I prefer buying Bitcoin is the easier option between the two. Mining is kind of expensive, you need to consider the rig and its electricity cost. It would be less stressful if you will invest through buying. You just need knowledge in order to avoid the risks in buying. While in mining, you need knowledge and money in order to mine. Mining need a good computer, it is not all the time the computer/mining device will smoothly operate. So I really suggest that you should buy Bitcoin via buying.
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You should invest now. The only problem is how will you invest. I suggest that you can try to invest in Bitcoin, ETH, and some altcoins. Bitcoin's price today is really low compared last December. You should not invest in just one, do not put all eggs in one basket. It is really risky to invest in just one crypto. In investing, just increase your knowledge in order to avoid the risks that you will encounter. Knowledge is your weapon.
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Could it be possible that in the future there are countries that use bitcoin as the national currency??
Nope, because Bitcoin is decentralized. Why would a country use a decentralized currency? There are countries banning Bitcoin because it is decentralized and some countries hate it. As of now, people only see Bitcoin as a way of earning money instead of a currency. In the future Bitcoin will still be like this instead of making it as a currency.
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Your idea is good about promoting Bitcoin, but I don't think it will work effectively. If you really want to promote Bitcoin and push people for using Bitcoin, I suggest that you must introduce to your family, friends, etc. about Bitcoin in order to promote effectively. Your idea really works for people who do have a knowledge about Bitcoin. It is not that effective for people who do not have a knowledge about Bitcoin. If you want to make cartoons and poems it must be light, easy and understandable for people who do not have knowledge about Bitcoin.
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Bitcoin help people all around the world to earn money by investing to Bitcoin. For me, it is not Bitcoin can really make a significant change and help this developing world. It is the concept of Blockchain can really change the world for the better. Bitcoin alone cannot help the developing world, but the blockchain can. As of now, many companies are trying to adopt blockchain and I am sure this blockchain will help the world in the future.
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People is attracted to Bitcoin because Bitcoin is the first cryptocurrency. It has the largest value among of all the cryptocurrency. Another reason why people are attracted to Bitcoin, it is popular. It is popular because many people are using it because it is the first cryptocurrency. It is popular because of many stories about Bitcoin, especially the 20,000 dollars value last December. The main reason why people are attracted to Bitcoin because of its popularity.
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The best time to buy Bitcoin is now. Bitcoin's price as of now is really different from the price last december. What if Bitcoin will reach again that price of 20k dollars? I suggest that you should buy Bitcoin now while its price is low. Still, it depends in you if you want to wait for a lower price.
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It is really good to share our knowledge to other people. Before we share our knowledge to them, we should gain the knowledge about Bitcoin. It will be hard to convince someone if you don't have enough knowledge about Bitcoin or cryptocurrency. First, you should introduce to them what is Bitcoin and how Bitcoin works. After explaining that, you can share your stories and experiences about Bitcoin. You can give them stories about your successful journey on cryptocurrency. If they are not really interested in cryptocurrency or Bitcoin, let them be. It is really hard to convince someone that is close minded. Sharing your knowledge on Bitcoin to other people is a good way to help their lives.
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Yes, it is not too late to buy BTC. We do not know if Bitcoin will reach again that 20k dollars mark. Bitcoin's price as of now is lower than half of 20k. You can try to invest now while the price is low. You can also try invest in altcoins. Investing in altcoins can help you earn money. Just remember in investing to altcoins do not put all eggs in one basket. Take the chance while BTC has a low price.
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It is impossible that cryptocureency will ever replace the traditional money. There are countries that are banning Bitcoin. They do not accept Bitcoin because it is decentralized. As of now, cryptocurrencies are being used as a source of income instead of a currency. So, it is really impossible that cryptocurrencies will become the currency in the future.
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There are different ways of earning money in crypto. First is by trading altcoins, you can search in this forum and google about trading. Just remember do not put all eggs in one basket. Next is by mining, you need a good video card and specs in your pc in order to mine. Mining requires a lot of money. Mining gives you small profit, but it is safe unlike buying Bitcoin. Last, is by joining different signature campaigns and serving people in this forum. There are a lot of ways that you can search in this forum.
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If you just want to play safe but need a great amount of money, you can use mining. The only downside of mining, the profit that you will gain is smaller than buying. If you want to earn a great amount of money, you can try to buy Bitcoin. The only downside of buying Bitcoin is the volatility of its price. It is kind of risky investing in a thing that has a volatile price. It depends on your money that you have right now if you can afford a mining rig or afford buying Bitcoin. I would prefer mining because of its low risk.
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I do not suggest to sell your house just for investing in Bitcoin. Having a house/shelter is our necessity, why do you want to sell that? If you want to earn Bitcoin, you can join different signature campaigns here. If you want to invest without selling your necessities, just use your savings in order to invest. Investing in crypto is good, but sacrificing your necessities in life such as shelter is not.
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In order to start knowing what Bitcoin is and what is its concept, you can try to search in this forum especially at the Beginners section. You can also try to search using Google in order to fully and deeply know what Bitcoin really is. You can try to browse in this forum and once you saw the unfamiliar words and concepts that you see you can use Google. I am happy that you are starting to know what Bitcoin is at that age. Good luck in your Bitcoin career!
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I suggest that you must hold your Bitcoin now. If you want to reap the benefits in investing Bitcoin, you must have the word called "patience". Because, Bitcoin does not automatically increase its price. You must have the patience to wait for the perfect time in order to reap your investment in Bitcoin. I only suggest selling your Bitcoin when you are in an emergency. Just hold your Bitcoin and have the patience, in order to fully reap your investment in Bitcoin.
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Yes, Bitcoin is a digital gold. Once a gold is mined, its supply becomes lower and its price will become higher. It is also same as Bitcoin, there are 21 million Bitcoins in the world, as the year goes by the price of Bitcoin becomes higher due to demand. Even though Bitcoin is a digital gold, it is still different than the real gold. Bitcoin is riskier than gold because there is an assurance that gold will increase its price in the next couple of years. While in Bitcoin, you are not sure because you will not know when Bitcoin will shut down, Bitcoin cannot be find in nature unlike gold. I still believe that Bitcoin is the new and the digital gold.
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