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I can't really imagine of having that bank specialized only just for bitcoin. Because usually stored in banks are having a physical identity just like fiat money, valuable metals and some important documents. Having this bank(bitcoinbank) is not totally a bad idea because someday we need to secured our bitcoins. Having deposited it on the bank would be one of our options but not of being digital, maybe we should convert it first to fiat money before depositing.
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If you can afford to buy bitcoin,invest in it you do not have to worry because in the market bitcoin keeps rising there might fall sometimes but it will not last.
Not neccessarily we should buy bitcoin though we can afford to have it. There are a lot of ways on how to get those coins, by being a freelancer, joining social and bounty campaing and even paid services with bitcoins. And as crypto being spread and widely used at this time, some people asking for services and be paid with bitcoin. Practicing with this system, it will totally help to boost bitcoin's performance in the market place. And it will help crypto currencies to stay alive and chances to stay longer. |
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Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc  Though they are considered as powerful person, but I don't think they can manipulate bitcoin price in the market. Bitcoin is decentralized, it means that nobody would take control on this even though they owned a lot of bitcoins. Because the big factors that would affects it's flow in the market is the participation of the community. But we can't deny that with their big contribution to crypto, it helps to boost bitcoin's market and be mostly known around the world. |
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There have been rumors of amazon buying some domain names related to virtual currency I think the Amazon days accept bitcoin or some coin as the main payment method is not far away.
I think Amazon won't ignored this kind of opportunities for this generation. Knowing that Amazon is one of the known companies globally, any possibilities for them to take steps towards crypto might be possible anytime. And we all know that some companies had been involved and start accepting bitcoin as a mode of payment at this time. And we can make some speculations that it will be spread to the small business around the world in the coming years. |
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It was quite obvious that Bitcoin would recover. I didn't even panic this time. We still have to work on the transaction speed. Segwit has solved this problem at least for now but we can't do much about attacks on the Bitcoin network. Time will show us if Bitcoin Cash supporters will try to pump again the price. I hope it won't stop Bitcoin from reaching $10k by the end of this year.
No one can ever crashed bitcoin foundation. Though dumps will happen but still people committing their self to fully support bitcoin at all, and not even selling other coins just to be secured for possible loss. This is the way bitcoin goes to the heart of the community, feeling no worries because they believe for it will rise again. |
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I think the benefits of bitcoin are clear, as time goes by with the rising bitcoin price, attracting many people to invest in bitcoin on the grounds of making a profit in the future.
In my country many people are starting to be tempted to invest in bitcoin, because the profit earned can be many times over.
In addition to its advantages there must be a loss, then we must be ready to bear its own risk if we suffer losses.
Bitcoin's profit can be bigger like what you pointed out this is because of its volatility. So many are getting interested in investing bitcoin especially if you invest it in longer term. Many cryptocurrency nowadays are emerging but no one can beat bitcoin so better to start invest now before its too late. This is the main reason why most people are going to invest in bitcoin rather than in investing local. Of course, there is a big assurance to earned in investing bitcoin even if we just take it for a short period of time. But it much better if make it for a long a term investment, because I'm pretty sure that bitcoin price will still going up. |
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Hello,
Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?
I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
Yes, it totally matters into that. Knowing that if you are on top, most probably you can do a lot of things without limitations. Bitcoin is soaring wildly and nobody could stop for this. Though they are digital currencies but in some features and capabilities in gaining profit is very far from each other. Of course, everyone will go to the one that provide more rather than of providing less. |
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There is no point panicking when it drops unless you just bought alot of bitcoins at a high price we all like it when prices rise but when it falls it's another matter. Just hold maybe invest in some other altcoin.
It is normally happen to those who are totally new in bitcoin world, volatility it means. Losing a big money is not a joke, maybe they just think of it always when bitcoin will go down. But eventually, is just normal to bitcoin for it's having a volatility character. It is very important for us ti know more about our coins because this is might give us a hint of what may happen in the future of our holdings. |
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I just wonder, where bitcoin depends its value/price. Don't we have the power to make its value higher? If we have, what can we do to make bitcoin's price become higher? Let's talk about it here. Maybe we can help each other to achieve what we want in bitcoins.
We can make it higher by buying more as the open market is generally lead by the law of supply and demand. The more demand, the higher will be its value. However, the movement should be done by the community and not just by a single person. Individually we can only do so much but together we can be changing the landscape of Bitcoin. Hopefully by next year 2018, there would be new markets that will open up for Bitcoin and that's when demand can go astronomically high. The increase of numbers using bitcoin will increase the demand as well. Because not all the time we just keep our bitcoin, maybe just spend it sometimes instead the used of fiat money. Not just a single person can make this, but with the help of the entire community I think it would make a big difference. Although we won't see the result immediately but I believe we can witness it happening in the coming days. |
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BCH will be very difficult to replace BTC's position because BTC is supported by many corporations and large countries in the world. CoinFlip has announced that their ATMs will only support BTC. If the BCH wishes to succeed in replacing the BTC, they will need to gain support from the community and need a large number of corporations to support them.
Price is not the only basis so we can say that one coin will defeat other coin. But we must take a big consideration for its acceptance in the community, if this coin will stay at that trend for a long time. We can say BCH now is trending and mostly talk by many traders and investors just because of having a price surprise in the market. But look out the price right now is going down. BCH is no different from other altcoin, and there is no chance of winning against bitcoin. |
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A massive awareness on how Bitcoin works is really needed at this time so that people that do not know about it would not be misleading those that are just embracing it
It's really hard for us to push them to be a part of bitcoin/crypto community. We have different vision's in our life and we have our own way's to reach it. To be a part of this community is not totally an options but it's individual's choice. Even though bitcoin is not totally spread worldwide but if your choice to have it, is gonna be a smart decision. |
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Safety assurance might be considered as our top priorities when it comes into investment. Because I'm pretty not all investment can provide this, but with bitcoin you can certainly found it. It has been proven for how many years and nobody can take it down. Though some of us are experiencing of being hack by but it is in minimal only. And this is all happen because of being careless in their keys.
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Yes, the Bitcoin community always goes up every day. This is due to the fantastic price Bitcoin, began to hear a lot of people. And also many big entrepreneurs who are currently investing in Bitcoin, such as Jp Morgan yesterday crowded in talks. And an ordinary person like me who has just entered Bitcoin world for 5 months.
Thru advertising bitcoin, it will help bitcoin for spreading it widely and be known to everyone. With this, people will be curious and do some research for this. And finding out bitcoin potentiality that bring themself into investing bitcoin. It is not unsual to happen and we can't denied that bitcoin is very popular at this time. With bitcoin's amazingly performance in the market place, no wonder that they have a try for this and strongly involved in this widely known community. |
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Confirming that I've received the payment.
Thank you sir.
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Not all are here in crypto are totally 100% believing with, this is an another options for us to generate income. And even before crypto being created(probably bitcoin), we have started already in having invested outside. And maybe we can start it over and make it as 2nd options to generate more income aside from depending on bitcoin.
Actually there is nothing wrong with this, having both crypto and outside investment. In fact this the way which make us grow faster and made our financial matters to stabilized.
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If the government will have an idea about they will try to destroy it if it will bring destabilitation on the economy.For now people thinks that bitcoins are scam so for now they wouldn't care.
Probably they won't if they want to help their people's living. Bitcoin is giving hope to the people to have a better life, although the government won't benefit on this but maybe they should have to look for the benefits of the majority. I think, is the best way to be made by the government is just to support this. The other option is to regulate bitcoin and collect taxes so the government will have a share on these. |
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I do not think bitcoins need to issue specific rules in their use, but regulations need to be used on Ico projects that will form new coins, to reduce fake Ico projects.
Even though we are implementing rules regarding ICO project but I don't if it will be effective. Because it is really hard to find out which one is legit and fake. And mostly all ICO project have their own platform and very attractive reward for investors that can make their head turn back. I think it is better not to regulate bitcoin anymore as it gives nothing in the community. |
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Bitcoin does not create a room for refund of bitcoin. But majorly it is rare for there not to be delivery of your fund though. Every merchant has a wallet to check the correspondence of transaction if there's any issue.
Because bitcoin transactions are not reversible, that's why we should be careful making online transactions. Even tough they can figured it out that there is accidentally deposited but because of anonymous identity, they can never trace where it came from and doing that is just a waste of time. Having used of bitcoin through online transactions is very efficient and only spending a little time just to finished a certain transaction. And with this, we can maximize our time in some other works and we are very productive everyday. |
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I decide to buy 2 bitcoins with in this week.. Its valuable ? Am I late ? Waiting for your replies ?
Party is not over yet. Everyone are welcome to be a part of this community no matter who you are. Though bitcoin price is expensive compared before but it is not the big problem and don't make it a big consideration if you really want to buy bitcoin. The main thing in here is just to earned profit, knowing that bitcoin will be profitable and still on the market. Having it's value today, is the most attractive display of bitcoin that everyone will mostly wanting to take this. |
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I would say no, that bitcoin was fair to early adopters. My reason is that bitcoin provided an avenue for wealth generation for them at that time and now. For instance the adoptors who sold then would have made additional profit to how much they bought too and standard of living then would have been lower to what we are witnessing now, thus, if they used the proceeds of their sell judiciously , they won't be unfairly treated by bitcoin.
On the other hand, for the early adopters who had the vision and excecised the most important virtue of long time investment - patient, to wait to this time, should be in real wealth.
So, which ever way, it wasn't an unfair benefit.
As I look back when this technology exist, I can't imagine how far is bitcoin right now. Of what we have now is a great achievement and we thankful enough for the early adopters who made this to become popular. And the risk they struggled from the start are being paid off. It's benefits are not just only for the early adopters as they have credited more but also for the new comers who we're the next to bring its greatness. |
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