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As with any new technology, trust is an essential factor in its adoption. Cryptocurrency has faced a lot of skepticism and criticism due to concerns about its volatility, security, and lack of regulation. However, as the industry continues to mature and address these issues, people may become more comfortable and confident in using cryptocurrency.
I can add that the value of Bitcoin is based on the fact that, unlike all other coins, it has survived more than one crisis, and is still in the top, under Bitcoin are created various projects and technologies.
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Cryptocurrencies have always been talked about in social media and I think they are already gaining more knowledge and doing research. For now, we can say that the adoption was slow but seeing a growing number of establishments who open their door to accept Bitcoin as another option for payment, is something overwhelming and can also affect others business organizations.
I couldn't find if there is a huge advantage to accepting Bitcoin but this will somehow give some comfort to our customers who are also crypto user/s. Well, it is a least we are moving forwards to digitalization despite the risks.
Also in the digital age, a good solution to help you adopt cryptocurrency would be crypto processors like SHKeeper. This is a crypto processor that is more convenient to use than plugins.
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Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ?
Bitcoin as a digital currency has experienced an increase in price. There are some speculators who predict that the market will fall, but there are also many who believe that it will continue to rise. There is no point in speculating about this now. Right now bitcoin is having constant local corrections, but I think it's still a good time to buy bitcoin for small amounts.
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Cryptocurrency payment getaways have the lowest transaction fees so that the business owners gets more profit from it. accepting cryptocurrency as a method of payment opens you to more customers internationally. it will helped your business to increase profitability and revenue growth.
I doubt if Bitcoin payment gateways truly have tye lowest transaction fee except when using lightening. One of the major challenges with using Bitcoin as means of payment is the high transaction fee involved and these transaction fee most times if not all the time is actually paid by the buyer and let's just be realistic that as a buyer after purchasing goods at a said price, I wouldn't think it wise to make payments with my Bitcoin because of the transaction fees but I would rather trade my coin and make payments in my local currency, hence I'm saving cost . I personally don't think using Bitcoin as a payment option will increase your profitability but rather I think it basically broadens your payment option for people who want to make anonymous transactions. It's not. There are many different plugins, or cryptoprocessors, that charge minimal or no transaction fees. A good example is this cryptocurrency payment gateway. It allows you to accept numerous cryptocurrencies, doesn't have transaction fees and third parties, allows partial payments, non-custodial, no KYC and much more.
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I no longer use sites that track mempool and current fees/byte to get your transaction in the next block. I use electrum, and I always use the minimum that they have at the time of my transaction and so far it’s doing well. Never had any delayed transactions and usually get my confirms in the next block or two. If I overpay on fees, I usually just let it be because it’s only a few cents at best anyways, so I do not feel the need to be bitchy about the fees especially when everything is already pre-calculated for me that still gets my transactions through the network.
It seems to me that you don't do a lot of transactions, so it may not be perceptible to you. But for those who regularly pay for something in crypto, it can be significant.
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Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work? Not controlled, I would say the crypto market is influenced by bitcoin. Bitcoin enjoys the perks of being the biggest and oldest crypto. But the crypto market is not entirely influenced by bitcoin. There are multiple coins in the market which shows a contradicting pricing pattern. But when it comes to other big cryptos, they are usually a follower of the pricing trend of bitcoin. But they are not controlled in any way! I would say that they are very susceptible to many factors. And this allows its price to be manipulated.
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By the time bitcoin is accepted as legal tender it will have reached the right level of adaptation. In my opinion, these are mutually reinforcing things. But now there are many projects, cryptoprocessors, which increase the level of adaptation of bitcoin.
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It is difficult to talk about specific income, because it is too individual. But from personal experience I can say that I pay my hosting provider services via BTC, as well as some subscriptions.
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Use the exchanges. Or you can buy from a trusted individual. p2p
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In the background of all the exchanges that exist now, Binance is one of the most reliable options. Possible withdrawal through p2p.
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Those who come and have the plan to invest should never think about investing in crypto as a sort of trial and error because I don't want you to lose your money. That is why before to start investing in Bitcoin or altcoins, we have to make sure that we already have enough knowledge about the market. In fact, it was a part of the investment plan, we have to study the nature of the market and all the things needed. A failure to do this will end up losing our money and of course, time.
Better we understand how crypto world, it is possible we commit mistakes but never make this as an excuse to quit unless we really don't have a plan to correct our mistakes.
It seems to me that before investing in cryptocurrency, it is better to try to invest in something else, and get experience. Cryptocurrency has a higher entry threshold.
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Banks is a more elaborate system, at this point. You can't make installments, loans, and more. So bitcoin won't be able to replace banks for a long time to come.
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You should never bag hold stable coins in first place considering how risky they are since they are all more or less centralized with shady companies behind the project controlling everything there is about the coins in and out of circulation. If you want to go out of the market then convert to fiat instead while only using stable coins when you have no other choice.
As for bitcoin price, what we saw was actually very common when a resistance is not broken (ie. $25k) and it is not a big drop as some people may think. It was retesting the support once again and so far it has not resulted in any actual downtrend (price is still at $20k that is the support). Of course we have the negative news and the FUD to contribute to that fall trying to make it bigger and failing, so far...
It's a logical action. Stablecoins are good to use as an exchange currency. You won't find any other use for them.
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Yeah, so when it comes to investing in altcoins, some investors get caught up in unit bias. They're all about buying a whole coin instead of looking at the bigger picture of how the asset is performing and what risks it comes with. I've actually seen a few of my friends and acquaintances fall into this trap and make impulsive decisions just because they want that full unit of the asset.
But the thing is, the value of an asset isn't determined solely by how many units you own. Just because you can buy a whole unit of an altcoin at a low price doesn't necessarily mean it's a good investment.
I would not say that investing in altcoins is a wise decision. Right now bank stocks are trying to shape the state of the market, and while bitcoin is not affected much, altcoins could be significantly affected, and not all coins will be able to withstand that impact.
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I remember seeing similar videos where people were offered an ounce of gold or a chocolate bar, and some people took the chocolate bar. Never underestimate the stupidity of the general population. The problem here is not stupidity. Financial illiteracy is not the same as stupidity. Well, most people just don't know what to do with gold.
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The dollar index makes no guarantees, on the background of the crisis state of the U.S. banks, anything can happen.
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Any resource can be used for illegal purposes, but advertising has made BTC the primary tool abused. By the same logic, we can say that oil is being abused. Bitcoin's decentralization is a benefit that is being manipulated.
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I haven't watched it, and I guess I probably won't. I will give them the benefit of the doubt but when it comes to unbiased views, these people are not the best out there. They're more of businessmen than visionaries, especially Zhao and Sun. I'm not even sure if these two are assets or liabilities to the crypto community. I don't know what they're preaching, but if it's the gospel of Bitcoin, they're certainly not practicing what they're preaching, not walking the talk. Andreas Antonopoulos is a world better than them.
This is the information field around bitcoin, and it seems to me that every opinion has the right to exist. It may or may not affect you. But you will understand that some people have that mindset, and based on that, you can speculate on what events can come our way.
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If you have the power and rackspace, you could start out by hosting for others and use the profits to buy your own miners.
@altair_tech Most hosting companies don't like to allocate space for mining servers. Because for the ISP it is an irrational use of resources
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I recommend using this crypto payments gateway. This cryptoprocessor allows you to accept a wide pool of currencies (BTC / LTC / DOGE / USDT / USDC / ETH) without commission. It also does not require KYC, non-custodial. In addition, don't have substantial transaction fees, allow partial payments, setting auto-payments into a cold wallet, crediting the overpayment to the balance and much more.
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