I don't understand what could mean the term "stupid." In order to earn that kind of money you need to keep mind. It seems to me that "stupid" poor people envy the millionaires but do not want to work. Those who do not want to work they hold the coins and wait for them to rise in price. Those who are able and want to work to earn coins at any price. For me it does not matter how much currency. If it has a turnover you can always get the value added.
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I don't know wallets that are directly connected with Fiat. All wallets work only with cryptocurrency. I only know xapo gives its users to exchange bitcoin for Fiat, but to withdraw Fiat to a Bank card you can not. You still have to buy bitcoin to use for the output exchange. Not sure what the point of such operations.
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Since cryptocurrency can be used for illegal activities such as money laundering and crime, it is also necessary for the government to strengthen certain regulations. As in South Korea, the practice of real-name system to restrict participation in the encryption of money market and to prevent crime is worthy of the other country reference.
Who told you that bitcoin is used for money laundering? The government? Lol! Ask the talking heads how much money they personally washed through Fiat. May be to prohibit Fiat money? The current financial system resists the emergence of alternatives. They don't want to admit what cryptocurrency appeared because people are not satisfied with the current financial system and only bans will not solve the problem.
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Using a VPN is not illegal. Users have the opportunity to participate in ICO. The developers formally take responsibility for the fact that accept Americans. All conveniently. I think this proves the absurdity of the ban. The government do not know how to use inventions for the benefit. They used to only act prohibitions. So people are forced to go to the deception.
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The idea of bitcoin was that it will be a currency free economy. With no regulation. I am against state regulation of cryptocurrencies. This is contrary to the idea of cryptocurrency. Now governments and banks are actively engaged in an information war against bitcoin. Probably this was the reason for falling prices.
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That's indeed a lot. Considering how many ICOs are coming out now, this huge number of forks is expected. High competition means there will be a higher progress.
I don't think so. The fork constant can undermine the confidence of people to cryptocurrency and we can own hands to kill bitcoin. I was very surprised to see how people rejoice when the forks they get free coins. Are you not aware of the fact that the capitalization of bitcoin decreases. In return, you get coins that are worth nothing.
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The whole cryptocurrency market is falling because of the falling price of bitcoins. The price of bitcoin went up sharply after it was announced that will solve the scaling problem and bitcoin will go to segwit2x. Since it became known that the modernization of bitcoin postponed indefinitely, investors began to dispose of his assets. If the scaling problem is not resolved then the price of bitcoin could fall to zero.
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People are loving cryptocurrency..... but on the other side of a coin it must have many risks list all the risk and make people's aware///////////
We all know that cryptocurrencies has its own advantages and disadvantages. We should also know what can we gain and what risks can we encounter especially when we engage ourselves as well as our money in it. Example of risks are being scammed, losing money, and many other things that may affect your daily life. It seems to me that the biggest risk of investing in cryptocurrency is a prospect of a General ban. Until there was a hope that bitcoin will be used as currency increased demand for bitcoin and the prices rose. Banks and governments could not stop the use of bitcoin as currency. But people have turned bitcoin into a tool for accumulation. Under these conditions, we will never get rid of the need to exchange bitcoins for Fiat. It makes us vulnerable. Therefore, investors are leaving the cryptocurrency. We see the outflow of capital of all cryptocurrencies.
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In the mid 2000s many banks which seemed endowed with ruined. People lost their savings in Fiat. The global economic crisis is not yet over. We have exactly the same risk. So I'm not sure that the investment in the Fiat is more safe. But for me the main quality of cryptocurrency is the ability to get free from the oligarchic economy. So I think investing in cryptocurrency more promising.
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I don't think it's a good idea. The popularity of the cryptocurrency due to the fact that people totally do not trust the government and banks that are part of the existing financial system. What will be different cryptocurrency which would release banks from Fiat? Nothing. So I think that any impact on the market of public cryptocurrencies to be able to.
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From viruses and Trojans it is impossible to defend. You can't visit suspicious sites and download unknown programs. It is better to use a separate computer to work with cryptocurrencies. I'm not putting large amounts so do not lose a lot of money even if a Trojan will appear in my PC. Each of us can become victim of terrorism but this does not mean that we should not leave the house.
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It seems to me that excessive regulation is a problem of our time. States constantly stepping on our rights. Moreover, they want to take our income in taxes. The government can't demonstrate the effectiveness of government. Probably this is the main reason for the growing popularity of cryptocurrency in the world.
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If you are afraid that your account will be frozen you can gradually sell your coins and keep the Fiat home. Why should you keep money in the Bank? You certainly can not earn due to the growth of prices for real money but you should choose the safe option. Then you take the mortgage and will extinguish the debt with their savings.
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The main problem for bitcoin investors is the lack of information from truly competent, experienced specialists. If there were more such events in all cities, bitcoin would spread around the world much faster.
Do you think that the representatives of the traditional banking system may have the competence to Express their opinions about the cryptocurrency? Their goal is a complete ban cryptocurrency. They will spread the opinion that the cryptocurrency has no future. I don't believe them. Discussions should be conducted within the crypto community. And the most important should be the consequences of such discussions.
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I don't know what to discuss. ASRock H81 Pro BTC is worth less than $ 100. No need to book in advance. Came into the store and bought it. You can explain to me the economic feasibility of purchasing the motherboard for $ 200? For mining it is very important to minimize the cost of purchasing equipment. This store does not offer the best conditions.
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It seems to me that OP forgot about all the coins have the same story. Bitcoin, too, was once worth 1 cent. You offer to sell it? Lol. My opinion is that Ethereum is the most promising coin after bitcoin. Now the price has dropped on bitcoin thus lower prices on eth but I am sure that is temporary.
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I think everyone is now waiting for the modernization of bitcoin. I am sure that it will happen this year. Now whales will buy coins at a low price for those who are tired of waiting and lost faith in the cryptocurrency. Then we will see a sharp jump in the prices of all coins. Have patience and you will be rewarded.
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Now all depends on the developers. If they solve the problem of scalability the price of bitcoin will go up dramatically. Remember how it was last year? The news that will be launched segwit2x pushed the price up to $ 20,000. If we see the actions of the price will be $ 40,000. Now is a good opportunity to buy coins cheap.
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To be honest I don't care how the developers solve the scaling problem. The problem is, and it urgently needs to be solved. The drop in the price of bitcoin will be evidence. I believe that this year the problem will be solved. The stubbornness and greed of the miners jeopardizes all.
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I think the example with the shares of "Boeing" is a silly example. In 2016 the share price has increased by 200%. Lol. During the same period, the price of bitcoin has increased by 1300%. Even if the market experienced a drop of 40%. The most important thing that bitcoin would not destroy the greed. Users, developers, miners in the pursuit of income are destroying bitcoin.
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