We can't be sure that it gonna happen but for me there is a possibility that bitcoin can reach that expectation and be a single world currency with a faster transactions and lower fees but i think we need a lot of miner for that kind of thing to confirm faster transaction so it will be able to support the world with just one single currency which is bitcoin  . |
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I think as of now, there is no available solution for this kind of problem because i think that the reason why we are often experiencing slower transaction is lack of miners who are supporting the network but if the amount of miners will increased then the transactions will be faster than before. I wish that before this year ends the miners will be more, so it will not be hassle for people who are rushing to send money to their love ones.
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Bitcoin helped me a lot in terms of financial problems. I remember when my mom and my dad are arguing because of lack of money and they have much debts that results for selling our house and just renting a new one and because of the bitcoin, I helped even just a little amount but it is enough to pay the rent of the house for 6 months.
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I think, using cryptocurrency are not as dangerous if you use it properly. but in general, cryptocurrency increase illegal transactions that occur in every country. Besides, the government saw cryptocurrency as a transaction tool that can make fiat replaced. Well, cryptocurrency not provide government revenue because there is no tax on it.
The one i think that the danger of using cryptocurrency is being volatile on the price because if you buy at a high price then suddenly it drops then you already loss a few amount of money. Yes you are right, If we use it properly then there is nothing to worrry aboout because we make sure that we will do the right things before engaging any decisions. Government will take profit in cryptocurrency soon, We know that the government will do anything just to earn money not just by tax and also other things like getting fees on bitcoin. That is possible because we are used to that kind of attitude of the government. |
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Such a lucky person who holding 21btc and never made a good amoutn of bitcoin like that and still hoping that i can handlbe bitcoin even just 5 btc.. in my wallet.. to hold it for a long time.. and now the price is getting more high and hardly to reach just like other people..
The only thing we can do now is to get more bitcoin and start a business if there is opportunity..
It's still possible to reach the 21 bitcoin dream with hard work and dedication. The mere fact that you know about bitcoin already, puts you before a lot of people that will come later. So use your knowledge to keep hustling for more bitcoin. Work in mcdonalds if you need to to buy extra bitcoin. Defeat is not an option, we must work hard to reach the 21 btc dream, otherwise will always regret not getting up to 21 when it was still possible. Yes, Anything is possible if we just have great dedication or determination then if we have that, we will have a great amount of eagerness to do the things that we seem hard for us to do and try the things that we didn't tried. If you can't earn that 21 btc here in forum then buy that 21 btc, how? work outside the internet and find part time job which offers fair amount and then after a few weeks, buy bitcoin piece by piece then somehow you were be able to build that 21 btc dream. |
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The first time i heard about bitcoin is from my geeky friend who discovered this kind of cryptocurrency and in the first few weeks, i don't believe him that we can earn money here on bitcoin but after he shows his profit or converted bitcoin into fiat. It attracts me to try this kind of opportunity and now i can say that i'm earning more than he can.
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My biggest regret is selling my almost 4 bitcoin for just 550$ and that is my biggest regret ever since i started bitcoin. But now, I already learned the lesson that i will be more patient and just choose long term rather than short term investment because based on my own experience. Long term is the best and it gives high returns on your investments.
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If we talked to "fully control bitcoin" then the answer is no one because even the government can't control the bitcoin fully. But in terms of manipulation then the country like china is one of the whales that can partially control the bitcoin because most of the supplies are there and majority of the investors and miners are there so it is very easy for china to manipulate or partially control the bitcoin.
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Yes, I think i will still use bitcoin even if the price is stable and the volatility on its price is gone. I will still use it because i'm sure that if that kind of scenario will happen then there is a lot of stores even online or offline are accepting bitcoin, So i'm gonna use my bitcoin to buy the things that i want and spend it just like a normal money.
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As of now, I'm earning bitcoin by my signature campaign and i'm very contented and happy about my earnings since i'm a bit busy and i'm just doing it part time to earn few cents of bitcoin. But after i finished my paper works and have a day off, I will do a little trading since the price is a little bit volatile and it seems that we can earn profits with a high positive percentage.
I prefer with signature campaign. It is so nice way to earn bitcoin. We can get payment every week or monthly only by making good quality post in our spare time daily. I am sure everyone has their spare time every day, Especially someone who had plenty of free time to rest, a small portion of it time can be used to work on a signature campaign and promoting websites, services or new alternative coins. Need learn about this work at first. Yes, Signature campaign is a nice way and one of the simple way to earn bitcoin because all you need to do is to share your thoughts on any thread or topic that you like and then you can earn a few amount of satoshi and after a few weeks or months you can't imagine that you already earned minimum to big amount of money by just sharing thoughts, for me, that is one of the best way because earning while your sharing is one of the best thing here on forum. I agree , Signature is a very good way of earning bitcoins because you can earn without risking any bitcoin of yours. You just need to be active on the forum then you can gain money every week/month. Yes, you are right. Signature campaign is a great way to earn some bitcoin here. as you said, We should be active here. It's like a pocket money you get it by posting in different sections here. should be a constructives posts. So with campaing i earn some money by doing trading. really it's a nice domain to do. sometimes i do gambling, I only do that just for fun, i don't considerd it like a source of profit. Investing your earnings in signature campaign into trading is a great idea because you can multiply or grow your money fast in a short period of time because we know that bitcoin and other kind of cryptocurrency is very volatile which we can take advantage of and because of that, we can earn easy money. |
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There is a lot of danger or disadvantages of cryptocurrencies and one of them is they are on the internet.
Tons of things are on the Internet and cryptocurrency is just one of them. I actually see it as an advantage because it's much easier to advertise and promote bitcoins on the Internet than IRL. We know or majority of the people on the internet already know that "there is no safe place or thing" on the internet and we already witnessed a lot of evidences for it.
Let's remind ourselves of the very basic quote about bitcoins "You are your own bank." A bank has to be secure so people won't steal from it. Your wallet is just as secure as how you made it. It would be your fault alone if you got hacked. Being very volatile is also a kind of danger because if you are a newbie and you don't now any kind of basics for this kind of market then you can experience a lot of losses and bad progress.
As a newbie, you don't have that much bitcoins so even if the price of bitcoin goes from high to really low, you wouldn't lose that much. Besides, you still have to learn all sorts of things before you put a good amount of money as an investment in bitcoins. I agree that newbies need to learn all sorts of basic things before they invest a large amount of money. But the one that i'm pointing out is those newbies who are greedy and those are very vulnerable to the danger of being volatile of the price which is very dangerous for a newbie and greedy at the same time. |
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If you don't have money to invest in then you can try our forum to make some bitcoin by offering service and also joining signature campaign which is only needed is time and small effort in posting but it is all worth it because you can earn enough profits but don't forget that you need to be patient in order to be successful on this risk free way of earning bitcoin.
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You can convert your bitcoin into fiat by exchanging it on different trading sites then sending it to your another fiat online account where you can withdraw your money. You can also try localbitcoins.com because that site is one of the easiest way to convert or sell your coins but always be careful in doing transactions.
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It is not hard for some governments to accept bitcoin IF they understand how bitcoin works and what are the advantages in using bitocin as another kind of currency or payment system. If we just explain about the bitcoin to government in a very simple and understandable way then it will not hard for government to accept bitcoin and promote it legally.
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For me, the way produce the bitcoin with faucet, HYIP and cloud mining. I know, HYIP and cloud mining very risky but based on experience and analysis, so far I can profit from HYIP and cloud mining.
you should keep in mind that only invest what you afford to lose. HYIP will end up busted. Cloud mining's profitably is going down as time goes. I agree with you, HYIP and Cloud Mining is like the same because they will just end up scamming investors. The only good thing in HYIPs is they offer big returns on your investment on a short period of time but it partner with a very big risk of getting lost of that investment because there is no assurance that the investment site or HYIP will stay long. Cloud mining is just like HYIPs but offers a slower or smaller returns on your investment but i don't think that it is still profitable since the mining difficulty is already increased. Don't stick on investing in HYIPs or Cloud minings because someday you'll end up regretting to your decisions like that. |
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I can see Bitcoin die if it value goes to zero and it become just the other alcoin out their who are abandoned and no value ! but I can't imagine in myself that it will happen so for me its very imposibble that Bitcoin will die because many are benefiting on it all over the globe including me
As of now your are getting benefits on bitcoin but the day will come and your earnings or possible earnings will be zero, remember that the supply of bitcoin is limited and there are many chinese people who can play the market and manipulate it for their self reasons. |
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There is a lot of things that we can say or prove that bitcoin will be on the top for a few years because we can see how much the volume is on the bitcoin and how many countries and big people supports bitcoin industry or market so that is one of the reasons why bitcoin will be always top or #1 on the cryptocurrency ranking but someday it will fade and another cryptocurrency will replace bitcoin. No hate or discrimination to bitcoin, just stating a possible thing to happen . |
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As of now, I'm earning bitcoin by my signature campaign and i'm very contented and happy about my earnings since i'm a bit busy and i'm just doing it part time to earn few cents of bitcoin. But after i finished my paper works and have a day off, I will do a little trading since the price is a little bit volatile and it seems that we can earn profits with a high positive percentage.
I prefer with signature campaign. It is so nice way to earn bitcoin. We can get payment every week or monthly only by making good quality post in our spare time daily. I am sure everyone has their spare time every day, Especially someone who had plenty of free time to rest, a small portion of it time can be used to work on a signature campaign and promoting websites, services or new alternative coins. Need learn about this work at first. Yes, Signature campaign is a nice way and one of the simple way to earn bitcoin because all you need to do is to share your thoughts on any thread or topic that you like and then you can earn a few amount of satoshi and after a few weeks or months you can't imagine that you already earned minimum to big amount of money by just sharing thoughts, for me, that is one of the best way because earning while your sharing is one of the best thing here on forum. |
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100 Bitcoin is a small but serious amount of money from it and it needed a serious attention especially on keeping or storing it. You can store that 100 bitcoins on a paper wallet which is safe because it is offline but risky because it is made up of paper which is very risky if something liquid will be poured on that paper wallet. There are a lot of ways to store your bitcoin, you can also try trezor which is very popular and many already said that trezor wallet is trustworthy and safe.
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For me, the biggest disadvantage of bitcoin is its supply. We already know that bitcoin has a limited supply and that is one of the biggest disadvantage for me since the one who will get higher profits on the future are those people who are early birds or early investors or miners because someday if the supply will be maxed out then they can completely manipulate or control the price because they have the majority amount of supply.
In my opinion, it is not the supply of bitcoin is the disadvantag of bitcoin, but its votality. We all know that when bitcoin reaches its maximum suplly, ofcourse its value would surrly rise up as the demand is higher than the suplly. I found it as an advantage. However, the votality is really the problem because it disattract traders/ investors to use bitcoin as their medium for their business. How can you be sure that after the supply maxes out then the price will go up because the demand will be massive. I don't think that will work because if the whales or the bag holders of the bitcoin notices that the supply is maxed out and the price is stable and a lot of people are waiting for the buy order to be fill then it will be a go sign for bag holders to dump the price hard as they can. So being maxed out of a supply is not advantage because there is a lot of factors to view. |
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