I felt the exact same way when I read the headline about what Jamie Dimon said about Bitcoin - I know people would be panic selling and I would buying up more crypto.
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You're exactly right about that! Blockchain is here to stay whether it be Bitcoin or whatever is out there, but Bitcoin is always going to be strongest blockchain. Even a giant government like China can't ban Bitcoin exchanges.
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Unless you're selling you're not losing volume, people are just panic selling. Like Warren Buffet said,
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
It's time to be greedy.
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Not necessarily over the concern that it would be lost. If I cared for the bride and groom I would teach them about Bitcoin and most likely if they invited me they would know I know about it and stuff but the gift of knowledge is more powerful that cash sometimes.
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Anything can broken down and explained on the basic level, some people just do that better than others. Try sharing BTC Sessions on YouTube with teenagers - they can probably understand him and slowly pick up technical terms.
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Banksters are getting scared of all the money they wish to control, they see Bitcoin and the cryptocurrency marketing growing and growing and can't stop it.
Erik Vorhees said it the best:
"My memory is failing, was it Bitcoin or was it JP Morgan that was bailed out by the government?"
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Nah. There's to parts to this, and unfortunately China's government is corrupt as hell. They want regulation on exchanges and a way to track and tax ICOs before they're an accept them as a form of funding new companies and technology. They might realize soon they're hindering their bright and talented people from keeping up with the rest of the world when they attempt this.
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The blockchain will exist in some form, either Bitcoin or another altcoin. Hard to believe Bitcoin, Ethereum, and Litecoin will fade to obscurity.
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I follow him and often listen to his podcasts. He does a great job of spreading the word about Bitcoin and explaining the blockchain to new adopters as well as keeping up with the last development too.
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If you're really good at marketing you could potentially earn hashing power to cloud mine with Genesis and not even spend a dime. You gain hashing powering by promoting your link or affiliate code. I got a huge bonus from them one day.
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Find a rewarding affiliate program on a crypto blockchain backed platform. For me I really like Genesis Mining because I've already had good results from it. If you like writing material and content you can find signature campaigns to participate in on Bitcointalk.
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Bitcoin is still at 46.9% market dominance compared amongst 867 currencies in the crypto markets. This is during a BTC downtrend too.
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The way I secure my Bitcoin almost ensure only I, and my family members know how to unlock my funds. I create a my own Bitcoin address and print it out as a paper wallet. I print three or four copies of it and laminate them. I have different spots that I trust and I know are secure and safe and store these paper wallets at these locations.
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Yeah, so much for a 'bloodbath'. People panic too much, but I guess it's good in that the price goes down and the smart people can grab some more Bitcoin before it hit's $6,000 next month.
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People look at a slight drop and panic, if they stood back and look at the last month they would see that Bitcoin had risen $1,000 and reaching new plateaus. It's to imagine Bitcoin dropping past $4,000 again. Right now it's a great time to buy that's all.
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Love that prices are low but hate that it's because of a supposed Chinese ban on ICOs. China had banned Bitcoin for periods of time and people in China still utilized it.
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Only if you desperately need the funds. I would use a credit card before I cash out my Bitcoin because the gains I've gotten from Bitcoin far exceed the credit card interest charges.
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The ultimate enemy? Ignorance.
Think about all the resistance of Bitcoin stems from. They claim Bitcoin is unreliable, hackable, a pyramid scheme, not worth anything, illegal or for drug dealers. The only way Bitcoin fails is if ignorance prevails.
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If you take care of your keys properly it is the most secure form of finance there is. It would take a super computer millions of year to try and crack a single Bitcoin address. Yes I know computers are getting better and Quantum computers are starting to be created but with emerging technologies Bitcoin evolves and adapts too.
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It's not about protecting their citizens though, they want to find a way to get their cut so they banned ICOs. Once they get their foot in the door they'll say, "Oh okay, after some consideration and reflection we have decided to allow certain ICOs as long as .... "
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