In my personal opinion, the main reason behind not to accept bitcoin as legal tender in India, if they allow Cryptocurrency as legal then they have to provide security against any act of forgery. And If any wallet hacked, private key stolen any losses, so there won't be any way to Trace.
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The reason is the value of gold and silver usually have the same purchasing power. They are usually used as a safe-haven asset. Historically they perform well during periods of economic or political uncertainty. So, whether it was 1,000 years ago, one hundred years ago, or today… the value of one ounce of gold has been about the same.
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I don't think so. Although many ICOs uses ethereum platform and it takes the second place in cryptocurrency world, it doesn't mean that's the best. There's always a chance for other coins to take over it. In cryptocurrency anything could happen. The worst could be the best, and the best could be the worst.
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You'd better keep your XLM. Stellar’s partnerships with IBM, Kin Foundation, and Lightning are in their infant stages but once businesses and banks around the world adopt Stellar technology, then we will see a rise in XLM value. Right now, education of the masses towards blockchain technology in general is more important than ever. To most people, blockchain is a daunting technology. But once widespread adoption happens, then you’d be happy you have hold your XLM.
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It could be, but still needs period of time. Waves is also approaching a solution for a decentralized Exchange which has more potential. However I find it hard to compete with Ethereum’s current network. Ethereum has done so well because it was first to market and has a very strong team.
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Cryptocurrencies or ICOs is one of best investment instruments. Either you want to invest in crypto or ICOs, they are good. As long as you have big courage to do since investing in both of them are highly risky. Cryptocurrency or ICO is a highly risky investment.
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Bans are just legislation, not a modification of the reality. Enforcing a ban on bitcoin and crypto is theoretically possible but would come as such a low cost/reward ratio they would never do it. And I don't think that governments could entirely ban bitcoins.
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It's definitely true that crypto is for risk takers. Crypto market is highly volatile. We could earn more profits or lose more. Only those who have big courage that put themselves into crypto world.
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I believe in cryptocurrency. Even though nobody could predict the future of cryptocurrency, whether it could be bad or good, it turns out that cryptocurrencies ease our transaction way. As long as the technology getting more sophisticated and more people are interested in it, cryptocurrency could stay longer.
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Keeping your coins in wallet is better and safer than in an exchange. Exchanges are a huge target for hackers and are consistently under attack. In fact, famous cryptocurrency exchanges like Bitfinex and Mt. Gox had been hacked. So, if you have a big amount of coins, never store them in an exchange. You can store them in a hard wallet like ledger nano s which is more secure.
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Although cryptocurrencies are considered to be one of the best investment instrument, it is highly risky and unpredictable. There can be risk of hacking, no reversibility of transaction and lot more. Additionally, crypto is the most volatile market which means that it has options of tremendous upside and of course downside. You should be very careful before entering it. Just remember, the higher the risk the higher the gain. If investment is done in a planned way, you may earn much more then anywhere else.
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Absolutely yes. Patience plays an important role in holding our coins, and we also need to have a huge belief about cryptocurrency's future. We have to wait patiently to get a lot of profits from cryptocurrency since it's hardly to predict.
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I think so, Cardano is mostly a competitor to the Ethereum. Cardano (ADA) is founded by the co-founder of Ethereum, Charles Hoskinson, and has been developed to compete directly with Bitcoin and Ethereum. Cardano's blockchain is similar to Ethereum's mirroring the fact that decentralised applications and smart contracts can be built on the blockchain. It is considered the "3rd generation” cryptocurrencies and is supposed to solve problems that other ones weren’t able to solve good enough.
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It maybe because bittcoin transactions are encrypted and while they can be tracked by involved parties, bitcoin provides a way to keep money and transactions away from the prying eye of the regulators. Besides there is a risk that it could be used to fund crime or illicit terrorist activity, and another reason is that it can be a route to circumvent capital controls.
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If you think bitcoin is a ponzi scheme, you either don’t understand cryptocurrencies and the blockchain or you don’t understand ponzi schemes. Some people see Bitcoin as currency, just as they see the USD, EUR and YEN as currency. They use them all for that purpose. Bitcoin is money, nothing more, nothing less.
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Surely yes. It is a natural market movement, especially after such a huge bull run of 17x increase. Every bull run is followed by a months long correction period of 70% with several ups and downs.
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Any digital wallet can be hacked if the private key is exposed. A private key is exposed only via user error (saving your private key in your email or desktop for example and having somebody find it). So, keep it carefully.
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I think so.The rapid downfall of BTC is just a temporary. BTC has almost had a massive downfall after the South Korean Exchange attack. The other factors which might have contributed to the sudden downfall of BTC might be regulatory measures introduced in Japan. Bitflyer, the local exchange aggregator announced that they wouldn’t accept new customers due to the regulations imposed by the Financial Services Agency in Japan.
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It can be happen if eveyone all around the world start to use Bitcoin. For using Bitcoin wallet everyone should have a mobile phone. As we all know now a day mostly people have mobile phone and everyone start doing small to big transactions by Bitcoin. So it can be possible that Bitcoin can be the future money.
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Ethereum is scaling very fast and has amazing potential. It can be used and adopted for many systems or other technological fields. However, Litecoin is stable so it’s always wise to have some Litecoin also.
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