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Bitcoin is a safe haven for anyone looking to store value in a safe place that no one can access but yourself. You are in full control of your wealth so that's what has attracted so many Venezuelans to it.
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Yes, initially, the are making the ecosystem chaotic but this actually strengthens Bitcoin as it figures out new ways to adapt of the attacks. The price reflects these copy cats.
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Normally I'd say it's a bad thing to listen to strangers on the internet but good for you! Your grandma is going to have something great to pass onto you when she passes.
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You should join a signature campaign and you will earn.  |
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DeepOnion : Mission Possible VIDEO: Ethan Hunt's Mission Briefing.......... to join......................... DeepOnion.
 The VID gives all the main data about the CryptoCurrency and most of the membership rules to the DeepOnion bitcointalk Signature Campaign. The sound track is my own modified old / new theme tune mix, and at the end a great montage of imagery by DeepOnion members related to the making of this meme movie intro. Thanks again to all the members of DeepOnion whom i used in the making of this, their images have they DeepOnion avatar on each to see whos amazing design they were. Thank you for watching. DeepOnion is a scam pump and dump and you should sell your coins asap! |
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A lot of people are asking me about Bitcoin now especially because I had talked to so many people so many times so many years before that they are slowly coming back to me with questions;)
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Thousands of investors hold bitcoins on troubled days because it is the best store of value the world has to offer. It will only appreciate in value for the foreseeable future.
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Different governments are going to be trying different things while they adapt to the new age of finance that Bitcoin is ushering it. It will be wise for them to buy and hold.
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You should have Bitcoin instead of cash because for one you can convert your bitcoins to cash. That's what you'll be doing because your bitcoins will be growing but your paper money will be decreasing in value badly.
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It is most certainly better to save money than invest as that is the sure way. If you invest then you have to be aware of the risk vs rewards involved when doing so.
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More retailers will start accepting Bitcoin once more people have Bitcoin in their wallets and once more people are willing to spend the bitcoins in their wallets.
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You will never be an expert in Bitcoin and anyone who tells you you can be is wrong. The best you can do is start now and try to understand to fundamental concepts without diving into the details. That is where people get confused and tend to stop and focus on one feature.
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Yes a bitcoin wallet can be hacked by hackers. The best advice I can give you to prevent this is to educate yourself about two factor authentication and use it on every wallet, acct, device, etc you have.
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The weaknesses of the crypto markets is that there is not enough volume to predict short term prices. With forex markets you get tons of volume. Also ya you can lose your private key and thus your funds.
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You grow your BTC by sitting on them for a long time. Every year find a time once or twice to buy big price increase for watching when the price jumps out of the Bollinger Bands.
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Coins that are good for trading are privacy related coins as they tend to continue to have value rather than just being a pump and dump scheme, and those are high risk.
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If Bitcoin becomes the national currency in Venezuela I think that'll be a fantastic achievement for the Bitcoin network as that is it's goal, to have other countries currencies base their value off it.
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Bitcoin is superior to gold because it doesn't have any flaws. Gold has more and more being mined every year and you can change it (i.e melt it down and substitute metals). Bitcoin has a perfectly scarce amount of 21 million and you cannot change the network that these coins circulate on.
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I can see that as generations continue they will gravitate towards the computer and thus have skills that they are able to offer to the global market which is easily accessible via the internet.
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Absolutely Bitcoin can end world poverty and that is the goal of it. It is going to decentralize every centralized system, and that is what the world economy is today, and allow everyone a fair chance at bring value to the economy that can't get changed.
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