One big disadvantage in bitcoin is the transaction, the transactions of bitcoin usually takes instantly back then, but it drastically changed as years pass by, transactions now takes hours or even days before the the recipient to get the price. Transaction fees can be a headache to as they demand higher fee than the trans. fee back then.
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Its either hold, sell, or invest my current altcoins, It actually depends on the price, I just simply put my strategy as same with the strategy I put in bitcoin, some altcoins are very stable so I'd suggest sell it or invest on it, or simply sell it, whilst some altcoins also have an unstable manner, otherwise just look at the price and be wise with the altcoins you're holding.
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Actually since technology is on top and 2 years olds can ridiculously handle a smartphone with the capability to play games and control the phone. I think 14 or 15 year old should already know about saving money, and then educate them the right way in knowing bitcoin it is a clever idea and I am planning to do this to my kids in the future.
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I honestly like what you have said my friend, bubbles often occur, and that strategy is actually smart, one should actually take the stake of its high rise before it pops down wherein you'll completely regret that you should have instead selled your bitcoins while it is still on its verge, but again opportunities are everywhere, just like bubbles it might get huge but it can pop off at anytime, so I'd say be wise and clever in making decisions.
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It can wholefully change the world, how can it change the world? Well simply by changing the economy of each country, third-world countries have alot of chance on increasing the economy through bitcoin's help and other cryptocurrencies, and it can actually make a huge uprise in the economical standards of a country, such as Japan who has made a welcome to bitcoin and I am not surprised if their economy will be rising through the years.
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In ethereum, you'll be gaining more chance of success, same with investing in bitcoin, there is no difference here, both have risks and factors, you'll just have to become clever in making decisions with your income.
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Why do people scam? They acutally have objectives, they actually need something without the need of hassle, scam is a very dark word and usually is very related to the web, mostly in the surface web where scams tend to occur, scammers often offer people investments that are unique but most often offers that are not legitimate. I can't generalize the purpose of these scammers and why they do this, but in general, most of scammers do this because they can earn without actually having to hassle on something.
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Probably in 2018 bitcoin would go in more aggressively, as far as 2018's end I think it will be gaining more popularity as social media sites like facebook, twitter, telegram users are spreading good news to netizens, this will increase the chance of more traffic and slower transactions due to its massive growth in 2017. Bitcoin is starting the slow in the early stage of 2018, hopefully this would change in the mid-stage of this year and more likely to become successful as 2018 ends.
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Bitcoin stability is important, because stability is the key for the future of bitcoin, if it continues like this the future of bitcoin and its potential is at risk, people would start to switch from other altcurrencies or worse is that people would be more likely to leave and continue doing the traditional way, which is leave bitcoin and everything and start working to earn real money instead of digital currency.
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I suggest you not, remember this is normal, bitcoin goes down, bitcoin goes up, there is no algorithm, it actually goes on a random manner, and I suggest do not sell your current bitcoin yet, chances you might get are the uprise of bitcoin making you gain more or the risk of bitcoin might even go down, nonetheless I suggest you invest the bitcoin you are holding or keep it until the stocks go up.
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Not totally change everything, but the way we purchase items, the way we buy food and drinks will be virtually purchased, an electronical way to buy stuff, paying bills wpuld be easier, what the problems could possibly occur here is the slow paced transactions and the high transaction fees, this might be the barrier that could lesseb the chance of bitcoin in the future.
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Actually, its not that bitcoin is secure, its the matter of being protective with your account, make sure your account is secured, there are lots of hackers and phishers in the web, be careful in visiting websites, once you have clicked on a mysterious link your data can be seen or tracked, this includes your IP, the username and password you input on websites, be sure that websites you visit are legitimate and can be trusted, websites like this are the ones you should put more time in.
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The main topic right now is the bitcoin bubble burst, what is it? I posted this topic for the junior members or people in this forum who are not familiar to the bubble burst, and what are the effects of it to bitcoin.
What is a bubble burst? Because it is often difficult to observe intrinsic values in real-life markets, bubbles are often conclusively identified only in retrospect, once a sudden drop in prices has occurred. Such a drop is known as a crash or a bubble burst.
I wanna know your insights about this, and I do wish I helped some people out there and I hope you understand more about bitcoin in an economical way.
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The biggest problem I've ever had and pretty much sure I have the same problem with other bitcoiners here is that the transactions worl very slow, because of the traffic the transactions can take up from hours, I haven't estimated it but one transaction can take you from hours before receiving, but again I have faith that in the near future bitcoin would be different, much more agile and much more faster.
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Actually, there are lots of theories on bitcoin's future, some people said that the currency in the future will be Bitcoin and stores, malls, and restaurants will be accepting bitcoin instead of money, bitcoin will be taking over, this is one of the theories I firmly believe in, its not impossible, especially as of today technology continually evolves and so as we.
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In theory, yes it has a very high chance of being the future of money, if they would actually make some changes on bitcoin like making transactions faster, and more secured way of sending and transferring then maybe in the near future governments would be likely knowing and putting bitcoin in to use instead of neglecting it, technology is evolving and so are we, paper bills might get replaced soon enough by virtual currency, without a doubt, its gonna be my wild guess for now.
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Altcoins will survive, why? Its because bitcoin won't be able to be a standalone, of couse you'll be needing an alternative, since bitcoin won't be able to make it without the help of altcoins, every month or so, new currencies are being produced, this is very helpful and a positive effect for the economy, and with this statement, I assure you that bitcoin and altcoins in the future will dramatically evolve in a positive manner.
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In my country, bitcoin is not legal nor illegal, it is actually neutral, though alot of people are actually investing bitcoin, many people are using bitcoin as actually not an alternative anymore but more of their primary income on their daily needs and basically everything, as a third world country bitcoin is essentially important here, thus economy here is not that good but with the help of bitcoin, I think we have a bright future.
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Nope, ethereum is not dead, this issue is same as with the other currencies, as well as bitcoin, ethereum is also having its ups and downs, the least we can actually hope for is the upcoming projects, hopefully it will be a success as this can greatly affect ethereum in a very positive order.
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I think japan's authorities are the smartest.Even their ancestors are so smart. They know how they can increase their growth domestic product or GDP and they know how to value their culture and the people within their country. I hope that other authorities will do what japan did and reconsider bitcoin as a legal way to have a source of income.
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