A unit of money used by a recognized specific area, of course, to which there is a constant ratio between other areas depending on growth and progress of each. I do somehow agree, is not cryptocurrency a plausible future for fiat? It does have advantage over the latter and it does not require any resource in exception to technology which is constantly improved through.
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Of course it does. No such thing as good profit without risk, it is what makes it "instant" compared to traditional working. Though you can always minimize that with adequate knowledge and strategizing.
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I don't think so. Facebook does not even allow cryptocurrency ads as influence of it as a media is very, very huge with its user volume. If it did accept crypto in the future, Facebok will probably create their own branded ICO and not use bitcoin. Huge possibility as cryptocurrency has a great potential.
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Yea, everyone has their opinion and own speculation on the future of bitcoin and cryptocurrencies - if that is how you see bitcoin then fine. I will still continue to hold my coins off like the most, no loss in holding and I believe there is a lot of people that has their faith put up still, it is the only thing that matter as it does base on demand-supply.
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I still believe that there is quite a big number of users interested more and more in bitcoin and other cryptocurrencies which may still increase as of the mainstream media and increasing accessibility of it. And as long as there are users, bitcoin will survive. Still your choice at the end of the day but like most, I will stick to holding as it would not be loss if you continue to - values may repeat.
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Yes, I do agree that popularity and mainstream of bitcoin or generally cryptocurrencies are increasing and increasing as time pass by. Let's hope that it can affect the value positively as we do know that it entirely relies on its demand-supply as well as recognition of more powerful and influential entities.
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Hopefully in the next few years, the medical field or literally just anything money-related will recognize bitcoin or at least cryptocurrencies in general as payments. There is quite a number of users, and is able to grow even more, of bitcoin. Main problem is its difficulty to spend it as for its volatility.
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The technology of bitcoin is very safe as well as the better known wallet companies both digital and physical. Most "hacks" or "losses" are simply on the fault of users themselves.
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Bitcoin mentally challenges me, the process of acquiring important concepts and foundation is essential before anything else. It helps one formulate better financial decisions. Emotionally, I find it very frustrating. Bitcoin is money and it is a need for daily survival; loss is difficult to holistically cope up on certain time period.
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No one exactly knows. It may be impossible at the moment, bitcoin being a forerunner among any other cryptocurrencies, but generally it is. Technology is always constantly being improved day by day and it is not impossible that a better coin will overshadow it in the future. Do not narrow your mind to the possibilities.
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I live in the Philippines and it is pretty nice for people using bitcoins. There is somehow a recognition (in a positive way, though still there is warning) from the government and quite a number of establishments that formally accept bitcoin as payments. Sucks that internet here is quite a damage with its price and speed compared to other countries.
I would say that Japan is quite the option as well, it is technologically sound and it is not that remote with the fact that cryptocurrencies may be fully recognized and used.
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I do not think there is quite the point in holding them anything else than profit, my personal emotion is almost negligible to business. Only thing that keeps me from selling is the current price and probably questioning my faith on the potential of bitcoin like "what if the price will be higher, there is better amount of profit - stuff", none other than that including emotional bond is not really in my mind.
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I think in a way, yes, that may be correct. Though if a huge part of users will hold, it will reduce the supply overall - bitcoin depends on the demand/supply concept so we can say that it will increase the value. But of course, buying and demand is as important as well as it keeps the balance. I cannot imagine other people apart from those who hodl their coins not buying coins, they will as the interest for cryptocurrency with newer users will always be there.
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With the downfall of bitcoin, one can buy them at the lowest rate. That in mind, of course, there will always be people who puts up with their faith on the potential of bitcoin - its value depends on the users themselves so there is still a possibility for it to rise meaning there will be profit.
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Bitcoin should be safe as far as we know it, people themselves are just the harm. Wallets, over-all and if yours is actually legit and trusted, should work the same way; there are barely cases of "hacking" on it or technological errors or whatever you want to call them. Safety and security depends on the user itself, take up proper precaution & do acquire more knowledge on the field.
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Eh, a female "leading a trainwreck in bitcoin" does not necessarily mean that all females in bitcoin are trainwrecks. No point in labeling genders in the field of cryptocurrency, it is simply irrelevant and might be even offensive. There is a lot of females in bitcoin - of course, it does not really matter if they tell what gender they belong to. Money is money.
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People who lost faith in bitcoin due to FUD obviously have sold their coins. Yeah, being pessimistic in matters like money is helpful to widen your choices and help you make better decisions but you still need patience and faith to its potential. No loss in holding, prices can repeat ever so just wait and hold.
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It definitely is, well at least at my own personal point. It has a considerably high price (comparing at the past years since its introduction) at the moment and has a really great potential of gaining higher price value at the future. Cryptocurrencies are the future of money and traditional fiat, bitcoin is the forerunner of it.
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Why not? There will always be people opposite to your opinion, that is inevitable. That simply means that they have great faith on its potential in the future which you cannot really predict especially to the fact of its volatility.
This was posted in 2013, wondering if the topic author regret his view lmao
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Of course, wallets can be hacked - you cannot really expect the best on everything, someone will always be smarter than anyone else and easily get their way through. Easiest way into them is through your wallet login credentials so it is important to triple check its safety and never trust anyone.
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