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Since bitcoin have guaranteed its client consequently it's expanding however the primary concern is that request and supply. On the off chance that the supply goes not as much as the request will increment. So it will be the day that that 0.0001BTC will be equivalent to 10,000$. This equation is given in management book. In the event that you at any point attempted to examine. Since it's about supply. I will propose you financial matters book you will learn better.
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Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
In every business theres always a competitions,even in the real world,in jobs or in technologies there were also competetors,anywhere at anytime there is competitions its up to you on how to make a strategy to make your business or job to survive,but in technologies we cant predict anything because what can make bitcoin much stronger today is its popularity..its believers,supporters,investors..we as a bitcoiners were responsible of bitcoins fuctuations of prices if we stop believing on bitcoins then most probably its will dump as early as we dont expected. Hurray was finished in light of the fact that further developed programming's were presented and afterward the utilization of yippee descended however bitcoins isn't hurray bitcoins has propelled security framework and more different things the highlights of bitcoins couldn't be in other crypto monetary forms that is the reason the bitcoins won't end like yippee. |
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BTC can't be better or worse than cash, it is just a different thing, BTC is like stocks, you can invest cash in it, but you still can't buy grocery for BTC
Bitcoins and money are practically same yet sometimes the bitcoins is superior to anything the money and those cases are the bitcoins has high security nobody could hurt bitcoins however money could be effortlessly hurt the costs of bitcoins are going high and high yet the costs of money don't change that is the reason bitcoins is superior to money. |
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Just like the concept of buying stocks/shares in the stock market or Philippine Stock Exchange. People selling the bitcoins to the other people to obtain more profit by adding a mark-up cost. Many people use this kind opportunity to gain more money if they know that bitcoin is in demand. They become the retailer for bitcoins that they will buy as much as they can and sell it for a higher price. Most of this jobs are called freelance broker.
Individuals essentially utilize bitcoins for guarding their cash for exchanging cash and furthermore for business that is the reason individuals offer there bitcoins to restore their cash back and furthermore with some benefit that is the reason on the off chance that you need to procure cash or needs to protect cash at that point change over it into bitcoins and after that offer it again at whatever point you need. |
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For me I keep my bitcoins in my online wallet here in our local coins.ph I keep it until 3 to 5 years I cash in my money and convert it into bitcoins and store it like im having a time deposit in the bank in that way I store my bitcoins.
Bitcoins itself has high security framework however in the event that you have some bitcoins then you ought to likewise keep it some place I have earned some bitcoins which I should need to be careful in wallet that is the reason for the wellbeing of my bitcoins I utilize the blockchain wallet to keep my bitcoins in it. |
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It is true around us there are still many who do not know about this bitcoin existence. It seems to be our job to share this bitcoin knowledge so that more and more people understand and use bitcoin in their lives.
It could be possible because you live in a far off place where most of the people do not use Bitcoins. Your country is among those where the coins have yet not legalized by the governmental authorities and hence the currency that is local to your place is being used for the payment methods. But don’t worry, the world would get acknowledged about the importance of cryptocurrencies and fiats would eventually get replaced by this efficient method. Before all else when the bitcoins were recently presented the around then less individuals knew from bitcoins yet now by the battle and endeavors the bitcoins is currently utilized by a huge number of individuals and furthermore have put their cash in bitcoins in light of the fact that they know about bitcoins and they know how the bitcoins is beneficial. |
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Yes altcoins are very profitable but it's need a stable price of bitcoin. As soon as bitcoin become stable they will give you profit. So don't sell your coins maintain them tightly.
At first the gold was known as the valuable thing yet now the bitcoins is the golden thing on the planet in light of the fact that the costs of bitcoins is as yet going increasingly elevated yet the costs of gold is diminishing and the gold can't be protected like bitcoins that is the reason bitcoins is superior to the gold. |
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Some country forbid bitcoin because bitcoin can be use for corruption,money laundry for terrorism activity so it's reasonable if the government must to forbid bitcoin.
Overall it's depend on the civilian whenever they want to adopt bitcoin or forbid but one things for sure , bitcoin has become revolutioanary investation that ever made !
Eah coin comes with advantages and dissatvantages. Somtimes the advantages go hand in hand with the disatvantages, the bigger the advantages the bigger the dissatvangaes. We get financial freedom with crypto and in exchange we give free hand to criminals. typically those things are viewed as unlawful which have some uncalled for implies yet bitcoins has no out of line movement by which bitcoins could be viewed as illicit so in the event that you needs to put resources into the bitcoins yet you are worried about the possibility that that if its unlawful then you should realize that bitcoin is no illegal. |
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No my friend,
I think bitcoin transaction fees id is not fair currently because of I want to process a transaction worth $100
I need to pay atleast $20 to process the transaction....
Currently it is not Okay...
May be not 20$) I think average BTC transaction fee is about 5-8 $. Of course there a lot of criprocurrencies like DGB with very small transaction fees and it is preferably to use it. You have to remember the transaction fees of Bitcoin does not calculate through USD. You are using Bitcoin, therefore, the Bitcoin miners and Bitcoin system use Bitcoin is the unit to calculate transaction fees. Beside that, transaction fees depends on the total size of your transaction, more inputs and outputs, you need to spend more fees. Transaction charge of bitcoins is reasonable on the grounds that alternate transections expenses are stopped unjustifiable and are significantly higher than the bitcoins that is the reason the exchange expense of bitcoin is reasonable and no other crypto monetary standards could set reasonable transection expense like bitcoins so try not to be concerned in light of the fact that the bitcoins truly thinks about their users. |
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We had a similar question posed at dinner this evening with business colleagues. There is definitely a possibility in my opinion however one question was the connectivity issue.. Time will eventually conquer this but what about people who can jam/restrict the connectivity?
Bitcoins is upheld by a large number of people groups and furthermore by a few governments that is the reason its appears that soon the advanced currency will supplant the fiat and afterward the bitcoins will be additionally on the best and will utilized by every one of the general population will utilize bitcoins in light of the fact that bitcoins is more beneficial than the other computerized currencies. |
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Do not persuade them concerning the bitcoins, just reveal your personal fantastic times about how you have the ability to earn bitcoins and allow themselves think on how the bitcoin is important at the future.
bitcoins is preferred by practically every nation and needs to help bitcoins yet a few nations don't bolster bitcoins as a result of some administration issues so the reason a few nations don't bolster bitcoins temperedly yet soon they will likewise give finish support to bitcoins on the grounds that bitcoins is the gainful cryptocurrenciy and could tackle enormous issues like unemployment. |
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I believe everyone wants to become a millionaire because of bitcoin that is why the most of us do it everyday check everyday how much the price is and if it goes low buy a lot and the moment it reaches the price you want it to be you just sell it.
Each need to be a bitcoins mogul and it’s conceivable however will take as much time as necessary so give time and take bitcoins and the method for procuring bitcoins is contributing and mining so it's your decision my decision is both contributing cash and as will as mining so is totally upon you that how you needs to be a bitcoins millionaire. |
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There does not seem to be any bank accepting bitcoin, at least I do not know about it, bitcoin is an emerging thing after all, and banks do not allow customers to frequently roll out and switch to bitcoin every day. . .
As we realize that bitcoins was presented in year 2009 so it's no excessively old that is the reason banks are not tolerating bitcoins but rather don't be stressed in light of the fact that soon they will change their strategies yet it will require some investment and after that the banks will likewise acknowledge bitcoins and will begins saving money with bitcoins and will acquire more cash in bitcoins. |
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Well it is true that holding Bitcoin will give you a good investment. Because of the law of supply and demand, more users means more price increase. This is why most of the people are buying and holding Bitcoin. But the very essence of holding Bitcoin is the hope that one day businesses will accept Bitcoin as payment.
After an excess of battles and endeavors the costs of bitcoins is quickly expanding so its a smart thought to put cash in bitcoins and hold it for quite a while in light of the fact that holding bitcoins is most ideal approach to acquire cash with bitcoins on the grounds that the costs are quickly expanding that is the reason individuals hold there bitcoins so on the off chance that you needs to gain cash then you should purchase and hold bitcoins to have benefit. |
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For me, depending on whether you are persevering. And as much as now many are getting rich because of bitcoin And they are hardworking and want to earn money and everything they earn they receive just to earn money. They all do by joining campaigns, trading, investing and they get rich. You can also be rich just as you do not quit.
After such huge numbers of battles bitcoins is presently the number 1 crypto currency and this is on the grounds that its high security framework and its quickly expanding costs that is the reason on the off chance that somebody needs to be a tycoon by a wide margin then he ought to be in the realm of bitcoins on the grounds that bitcoins can truly make you a mogul in minimum time and slightest efforts. |
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Real money is accessible everywhere but bitcoin requires internet connectivity to use and its accessibility is limited and huge population unaware about bitcoin and crypto currencies. You can buy your everyday needs through cash any time but that is not possible through bitcoin.
There is no distinction between the genuine cash and bitcoins on the grounds that bitcoins are additionally adequate by all shopping centers schools and furthermore healing facilities that is the reason we can state that bitcoins is likewise cash yet at times bitcoins is more valuable than genuine cash and that cases are the quickly expanding costs of bitcoins and its high security. |
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It's impossible, because until now bitcoin is still the king of cryptocurrencies. There are other alt coins that emerged but they can even come close in replacing bitcoin.
Each one of those individuals who do every one of these exercises online they utilize bitcoins in light of the fact that bitcoins has high security and a huge number of individuals have confide in bitcoins as a huge number of bitcoins clients have put their cash in bitcoins that is the reason bitcoins appears to be solid and nobody could hurt it that is the reason it appears that bitcoins will never be supplanted by some other crypto currency. |
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Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.
I don't think it is possible because the main reason is that both of are totally different to each other and both of them have different field to use . Gold is uses in the practical life for the ornament jewelry , so the demand of the gold is in the offline market only and at special occasion but in case of the bitcoin demand is in the offline and online both but made for the simple buy and sell another coin and make investment only to Ake faster earnings than what we can do with the gold . So both of them will remain at thier place and no one can replace to each other . now a days bitcoins is utilized all the more generally then the gold since individuals realizes that bitcoins is more important than the gold and the costs are as yet going higher so they purchase bitcoin rather than gold since gold can't give benefit like bitcoins that is the reason it appears that soon bitcoins will supplant the gold in light of the fact that the costs of gold is getting down step by step and the costs of bitcoins are going up rapidly. |
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to kill bitcoin they're must be no users who will be transacting using bitcoins if their are no users serving as medium of exchange bitcoin will eventually die or kill the miners that verify the transactions of bitcoin's blockchain network if there are no miners bitcoin will die
Bitcoin is a standout amongst the most well-known crypto currency and utilized by the a large number of individuals the general population are pulled in towards Bitcoin on account of the high security framework which make Bitcoin sheltered and solid so it's practically difficult to execute Bitcoin and that is the reason that individuals need to have bitcoins. |
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I love your last line.it was fun. I dnt think any bank will accept it before the country legalized
As Bitcoin is on the grounds that more typical that is the reason gradually and bit by bit the banks are additionally changing the approaches for Bitcoin and after that after some time the banks will likewise begin tolerating Bitcoin on the grounds that Bitcoin can likewise be an awesome wellspring of benefit for the banks. |
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