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If the miners have already mined all blocks and bitcoin reaches 21 million then miners can no longer mine bitcoins. But instead of mining bitcoin blocks they will be processing bitcoin transactions and confirming it. This kind of activity is not new since it was launched few years ago to avoid double spending of bitcoins. Thus after the 21 million will be mined, miners will be focusing on confirming transactions and they will be paid for it and we call it miners fee.
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News : According to the Korea Times, the two partners will work together to bring cryptocurrencies to 6,000 outlets by the first half of the year, with a planned expansion to 8,0000 by the end of the year. Furthermore, some 200 franchise brands are also reportedly signing onto the initiative, enabling cryptocurrency adopters to use Pay’s mobile payment service platform to make payments in cryptocurrencies. https://www.ccn.com/6000-south-korean-outlets-to-make-cryptocurrencies-available-by-q2-2018/slowly began to emerge state countries that use Crypto Cryptocurrency really blooms in Asia. First we have Japan and now we have South Korea. Soon it will be the Philippines. In the Philippines there are only a few stores that accepts bitcoin and other cryptocurrency and soon there will be more merchants that will accept bitcoin. The cryptocurrency movement in South Korea is a good sign that cryptocurrency has really a good future and can really be used as a currency if a country allows it. With this we can expect bitcoin to increase its value this year. |
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Hello all....
I am as a beginner very curious and want to add more knowledge about bitcoin from all of you. because to me learn from the article or page of the site is not complete if not given direct explanation by people who understand or involved (Trader).
I hope with this I can complete my lack of knowledge about bitcoin, thank you all
Bitcoin is the first cryptocurrency ever made. The person who created bitcoin uses the username Satoshi in this forum. Bitcoin uses a blockchain technology and this technology allows everyone to check how many bitcoin are already in the circulation. Right now the number of circulated bitcoin is 17 million bitcoins. The maximum supply for bitcoin is 21 million bitcoins. In the fiat currency the US dollar is the main currency being used by the world so we can trade with other countries since they will not accept our local currency. In the cryptocurrency world bitcoin is like that US dollar since we cannot have other coins or trade with it without trading to btc first. |
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Holding bitcoin is not a stupid idea, even though the value of bitcoin fell down but we do not regret holding some of our bitcoin. I have been holding my bitcoin since its value was 240$ and right now it was 8000$. Though a huge fall happened but I did not suffer a huge loss and still holding my bitcoins. I believe that by December this year bitcoin could go back to 20k$ as predicted by large trading groups.
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Before China was once the bitcoin capital of the world since they have the largest supply of bitcoin but when their government banned the use of cryptocurrency in China, Japan became the leading country that accepts bitcoin in Asia. But today I guess its not in Asia that Japan becomes the leading bitcoin user nation but to the whole world. |
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What do you think about the subject. I see two different variants how we go further due to this fact.
1. Banks want to destroy crypto and buying exchanges to make them scam at one time.
2. Banks know that Wall Street is ready to enter the market and supposed to get good profit in the nearest future.
What variant you vote for?
It will be number two. Banks are made to earn profit and thus it will evolve into a system wherein it can make huge profit. Banks are willing to let go of their traditional business as long as they will earn profit. As of now there are news of banks that are investing huge amounts of money into cryptocurrency, since they have already seen the potential income and viability of cryptocurrency. |
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Technically speaking, is it possible to have one wallet for all cryptocurrencies?
It is such a big pain that we have to use o many wallets if we want to trade many altcoins.
It is possible if all cryptocoins will be converted to a token. Just like those tokens using ethereum platform there are hundreds of them and they are using myetherwallet as their wallet. So if we want one wallet we must make a smart contract to bitcoin and all altcoins will use bitcoin platform that way using bitcoin address we can access all those coins that are already in its token form. |
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This is the second post in this forum that tackles about the counterattack of cryptocurrency against those who are against it. This may sound funny but many crypto enthusiasts are hoping that this news could lit again the fire that is needed by bitcoin to increase again in value. Many groups are expecting for bitcoin to be back at 10k$ to 12k$ by April despite of those fake news that says bitcoin will fall to 2800$ this year. If this good news will spread then the prediction of 10k$ possibly will come true by next month.
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Those are just prediction and it could happen or not. But the trend of the market now though seems bearish but there are support orders coming and have been supporting bitcoin not to fall at 7500$. So as per analysis the bracket of bitcoin right now is at 7700$ to 8200$. Compared to the previous bracket this is much lower but the volume of coins being bought during this bracket when it hits the bottom is high. This is a signal that possibly many are just awaiting for another dip to buy more btc which is a good sign of recovery after a dip.
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History already repeats itself. What happened to bitcoin today is somehow like the bubble in 2013 and eventually it was repeated this year but much worse. But if we are talking about another rise in value then we will be not seeing it this march. Possibly by December this year bitcoin could climb up to 17k dollars to 20k$. But it is just a prediction and its not 100% but one thing is for sure bitcoin will climb back again.
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There are already documentary films about bitcoin already. If you have watch them then you are familiar with the following titles on my list; as follows:
1. Banking on Bitcoin (2016)
2.The Rise and Rise of Bitcoin (2016)
3.Bitcoin Heist (2016)
4.Deep Web (2015)
5. Bitcoin: The end of money as we know it
6. Etc..Others.....
I will only list 6 but there are others out there. Also there was one movie that also features bitcoin and during its premiere they are accepting bitcoins in exchange for the tickets. I have forgotten the title but it was discussed here in this forum last 2016.
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If the government all around the world will have an agreement to use cryptocurrency except fiat money then it will be possible. Also the only way for that to happen is that all government in the world will decide to create one cryptocurrency to be used all around the world. Or it could be that all country will have its own cryptocurrency and will have equivalent value.
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Guys, someone just called me from a bounty I joined called FIANCIA https://bitcointalk.org/index.php?topic=2881283.0They are requiring me to participate and send 0.1 eth to their ICO. Isn't the whole point of participating on a bounty campaign is to get paid and not pay them??? I get the multiple accounts part but hey it's their job to sort those out but to ask the bounty participants for ETH is just not right. Sounds like a scam? It does not mean that if they are asking you 0.1 eth and they are asking you to sort out users with multiple accounts they are already scammers. But even though they are not scammers it is a foolishness to ask somebody who is not a part of their team to do that job for them. If they will give you a salary then it is okay but if it is for free then that is very unprofessional. |
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I think everyone in this forum is looking forward to btc's technological advance, which currently going on is the lightning network.
The price of cryptos including btc is now falling gradually and radically, and now is almost half price of it was in few months ago. (recently mostly according on g20 conference.)
Do you think it might be possible for cryptos to find their own price back if a huge technological advance is found/developed on them? But what if the regulation on cryptos get harsh?
I do know for sure that the concept of blockchain will not just vanish and everyone is hoping to bring/apply it in real-life, but the it seems quite true that at least in currency issue, a cooperate from central governments must be needed.
It is uncertain but we are still positive that bitcoin could go back and recover its value at 20k$. Though it is a sad picture that bitcoin gradually dropping in value over the past few months. But we must not lose hope since if we lose hope and all of us lost hope then bitcoin will be gone forever. We must keep pur support towards bitcoin more stronger, if we join our hands and will hold our btc it will go up again and will attract more users. |
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As you can see from the last couple of months price of bitcoin going down and down..
Is this the beginning of the end?
This is not the end of bitcoin. It is very normal for bitcoin to go up and down. Just imagine that it started with centavo as its value so there is nothing to worry about bitcoin. It will no longer go back to its original value since many traders are waiting for the price to dip so they can buy more bitcoins. Right now we must observe how the market flows but one thing for sure it will recover again its value. |
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The counter attack has began and its just a matter of time before facebook, google will remove their banning of cryptocurrency. They will be forced to allow again cryptocurrency to be freely advertise on facebook and google. Cryptocurrency bullying especially to bitcoin have been very for the past years and it become more stronger this year. We will not remain watching while they are attacking us its time for us to fight back.
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More and more people are posting fake news not only in this forum but also to blogs and crypto news site. I guess there are really people that wanted bitcoin to be destroyed. But since their previous efforts were in vain they did not stop not until they already pressured facebook, google, twitter to ban cryptocurrency related ads. Somebody is being threathened by bitcoin and that is why they will not stop until bitcoin will be destroyed.
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Though compared to last years value bitcoin has tremendously dropped from 20k$ to 7800$ lately. This is one of the biggest discouragement among bitcoin holders but this is not a thing that we should worry about. If bitcoin holders are making a sad face those who have no bitcoin and people who wanted to have more bitcoin are very happy and are preparing their funds so that when the dip occurs they could buy more bitcoin again.
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How true it is that Kraken is to be shutdown soon. Do you have any proof or any solid evidence that can back-up your claims. This claim of your could affect the whole bitcoin community and can cause panic among the investors in that exchange. You may have a bad experience but it does not mean that all of the users are also having a bad experience.
And also if you hate that exchange do not include bitcoin since bitcoin has nor responsibility or obligation to your problem.
My advise is for you is to ask their support again and again so that they can give you sufficient answer to your problems.
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I have never come across any charity that accepts bitcoin and I think any charity that is going to accept bitcoin is going to be favour by many cryptocurrencies enthusiasts. Accepting bitcoin will also help published bitcoin to the public as there will be good testimony from them.
I feel if in any country some trust of NGO do accepts it is a good thing and it should be used in a correct and proper way. Misuse should not happen and it must be reached to the desired people for whom they are accepting it. Actually there are charities that accepts bitcoin and after receiving them they will convert it to US dollars and recording the name of their sponsor on their logbook. Those charity knows how cryptocurrency works and they know what to do so they will not suffer from volatility. They are not greedy and are not looking for huge profit but they are prioritizing the beneficiaries of the donation. |
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