Nope it's for anyone with access to the internet. But, but, but Scorpion poor people do not have access to the internet. That is changing EVERYDAY. Rapidly and that's how powerful Bitcoin is because once they get access to the internet they won't need to rely on banks or other financial institutions to earn or distribute store of value.
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A little bit of both to be honest. So far I have been lucky enough to profit greatly but also being involved in crypto has been a very fun hobby of mine - it has become a passion of mine.
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My friend share this news story with me the other day. More and more companies, entities, and overall people are accepting Bitcoin as legitimate payment and even more people know about blockchain technology.
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We have to wait until Segwit (Segregated Witness) comes along and that won't happen until August 1st with the UASF (User Activated Soft Fork) BIP-148. That's the first step than the implementation of the Lightening Network.
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I personally believe there is extremely small risk in investing into Bitcoin. The reason why is you will always own (as long as you manage your own private keys) the Bitcoin no matter what the USD value is, so it holding on the BTC while the prices recover. This has happened over and over again but the trend is always up.
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Even for my close friends who are getting to cryptocurrency because of me still have a notion that 'the price is too high'. I'm like okay well, you do know you can own .01, $1, $10 worth of Bitcoin right? They say yes but what would be the point - oh well I think it might be something the whole community comes together to solve with a smaller denomination of Bitcoin too.
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The only situation where I see this happening is where the development and improvement of Bitcoin stalls and doesn't keep up with other technology that is coming - the biggest threat right now is quantum computers that could render encryption useless if we don't find answer for it.
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Everything is lining up for Bitcoin to hit $4,500 to $5,000 if you're paying any attention at all to the world economy and a little about Bitcoin development. Invest at your own risk and do research but for me Bitcoin is just too good of a buy right now.
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They might not be ready for it now, but a wave is coming for them and they will leap into the technological world and many people will regret they ignored Africa for so long in terms of they're going to provide so many opportunities for growth in the fields of renewable energy and modern technology.
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Craig Wright, Jihan Wu, Roger Ver have come full circle! They are now known as the Three Stooges of Bitcoin.
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I'm down. I am already putting in like 50% of my income into Bitcoin, altcoins, ICOs and other related projects. When media sounds bearish on Bitcoin I will increase my buys!
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For those know how to optimize every aspect of mining - it's a gold mine. Other who aren't as dedicated and innovative they will lose out and eventually their efforts are rendered obsolete.
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There will never be more than 21 million unless the majority of users enacted a change in the code. There's not real purpose for more than 21 million coins since Bitcoin is divisible, there's always going to be less than 21 million since coins are lost every single day.
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The only thing I can think of would be a quantum computer synced with artificial intelligent network version of Bitcoin. But even then I think I believe Bitcoin could've evolved to adopt any of those features that would render it useless.
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There are dips every now and then which is to be expected. It's important to draw a line of the average trend of Bitcoin, the overall trend is upward growth,
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I think $150,000 is easily reached in our life time.
$1 million Bitcoin each in the year 2140 when the last Bitcoin is mined. We won't be alive to see it but yes it will reach the $1 million mark 'one day'.
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I think it will be a good day to buy up Bitcoin and also celebrate because we will be moving forward with better technology. Bitcoin is going to grow up and progress on August 1st.
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This news from Russia and the other news from Poland just yesterday - it's just another step further to Bitcoin mass adoption and more people reading and learning the power of the blockchain. This is awesome.
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The two best ways for me right now are ICO bounty campaigns and SteemIt. You can keep the crypto or exchange them for Bitcoin.
That's awesome, ICO bounty campaigns were a good way to make a better earning. In terms of other assets which is convertible, but with signature campaign you get paid in terms of bitcoin which is the only difference. In my view however you make money through bitcoin never let your day job down and go behind bitcoin. Plan in a better way and spend time earning bitcoins. Actually I was thinking about this, with my Bitcoin mining, ICO participation and SteemIt my earnings keep growing and snowballing but I don't think I will ever quit my job. For one reason is I like having my job to buy more Bitcoin and another reason is all of these things don't even take up much time and is for fun too. So even if I made so much money I don't think I would quit my job but your point is valid, don't quit your day job because you start making money with Bitcoin.
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Actually haven't heard of this story before. What I don't understand about some of these sites going scam is that some of them are legitimate businesses and can operate well and make good money without scamming - but that extra greed is what goes over the top. It sucks but it happens.
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