Bitcoin has a brighter future than almost any other monetary system/entity that exists. Think about it which thing has more potential upside, physical gold or Bitcoin?  |
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Is it too late to buy Gold? Bitcoin is virtual gold, it will be here forever, so why would it be "too late" to buy it now? Obviously not.
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There have been reports of fees as low as 10 Satoshis clearing still. It isn't that they are high, but you need to pay a high fee for your transactions to clear fast.
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The poll is almost dead even. I am surprised to see how many people are earning enough Bitcoin that they do not need a job.  |
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Man Bitcoin is amazing. I think everyone should buy it right now don't worry about the price even if it is currently high you will make way more in the long run.  |
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Why should they? There is nothing that should be illegal about Bitcoin. Just because it is used on the dark Web doesn't mean it should be illegal. Fiat is also used to purchase illegal things every day.
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Which wallet is it though?
Realistically, only an online wallet can get blocked. Your personal local wallet can never be blocked unless your PC is hacked, then obviously it could.
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Do like Napoleon. Exile them to a far away land where we never have to deal with them.  On a serious note, just be patient and continue teaching them about it and eventually they will learn. |
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Certainly. Why wouldn't it be considered as money? It has value and is used to exchange for other goods and services, just like paper money, only it is digital!
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Well in my view there is still no good way to easily sell large amounts of Bitcoin. It takes days if not months to offload even a few Bitcoins, just imagine people who have over 100 or more. |
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The fee isn't even too bad, actually. hehehe
Anyways, this should be expected. We are in a huge bubble which is bound to break soon.
By the way, please do not clickbait. Thanks
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Bitconnect is so successful, they have over $700 million USD in marketcap.
I'm surprised no one is copying Bitconnect yet. It's too easy for some one to clone a proof of stake coin. Create their own exchange on their website that only they can control, sell their coin, and get people to lend that coin back to them. What a genius idea from Bitconnect.
If someone were to copy Bitconnect's business strategy, they could easily rake in at least $400 million USD in marketcap in less than a year.
If it is so easy, why don't you do it then?  See, everything is a lot harder than it seems at first. There is a team of employees that must respond to customer support inquiries all day long. The website must be coded optimally and run smoothly this alone takes a long time and requires a professional programmer. Then you have cold storage and security, and the overall functionality of everything, organization, etc. It is A LOT of work, more than you think! |
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Spam attacks are done by robots. It barely costs anything to send a bunch of robots to a domain (known as DDOS) and shut it down. On the flipside it can cause massive damage and from their perspective the risk is definitely worth the reward.
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The crazy thing about Bitcoin in India is how much more expensive it is than here in America. Why is it so expensive to buy Bitcoin in India like 10% more than anywhere else?
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Maybe one thing you can do is share some of your earnings to your mom to prove that you really can generate income from this.
Or let her read related news regarding cryptocurrency and who are currently using and supporting this.
Maybe if she knows that even banks and known companies are now jumping into this, she will start to calm down and maybe have peace of mind when you're online & doing crypto transactions.
The problem is their parents think that involving in Bitcoin is involving in illegal activity. And sharing earning to his mom will definitely raise a red flag. Best is to explain it to her in a slow agonizing phase . Since there will be lots of rebuttal and rejections from his mom. Do not worry once he explained it well and made his mom realized that Bitcoin is legit then his mom will allow him to get involved in Bitcoin. I was once there, and now I am good to go with Bitcoin. Exactly. Your parents probably think Bitcoin is dirty or something, like it is only used for drugs, guns and other illegal things. The reality is it is far more than that now. Everyone uses Bitcoin and it will only get more widespread and mainstream as time goes on. |
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Look, the advantage of Bitcoin is you are in the top 1%! In this day and age only 1% or less of the population even knows about Bitcoin. With that said, if we get in early we will be very wealthy in a few years when the price reaches $1,000,000. Think about it almost no one knows about or understands Bitcoin. They think it is a scam or fad, it is like the internet in 1995.
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What I like about Bitcoin is that soon we will have the Lightning Network and it will solve our transaction fee problems because now they are way too high.
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Actually each day not even one person asks me about Bitcoin because I do not talk about it much because most people I explain it to don't care and they only forget about it.
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Is Bitcoin a rat poison? This does not even make sense. Rat poison is something we use to kill rats in your house, etc. and Bitcoin is a cryptocurrency... hahaha
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I also save some little amount of bitcoins just for future usage. I usually save 40% of bitcoins that i get and use the rest 60% on gambling or for buying things from purse...etc.
You should not gamble away your Bitcoins man. You cannot win by gambling and even if you do this money is not really earned only by luck... and you do not feel worthy of it as much if you work. |
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