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Desperate for money is in different ways, you can have money but not enough for you to go into a particular business or investment, thus, you can borrow. You can also be desperate for money when you are poor.
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If your funds are enough to get a house then why not go for it ? As you'll have your own place that no one can kick you out from and no landlord will make your life hell every 1st day of the month or wherever you throw a party at your place .
You'll spare yourself rent also , and if you travel you can rent it qnd gain some money .
Having a real estate property is a great investment because that is one of the way to have a stable income and offering renting service for that house will give you consistent income per month and you can live for free if you have enough real estate properties or investment that is generating income for you every month. Moving money from bitcoin to real-estate is less appropriate. Considering returns available from the real-estate are pale compared to the bitcoin returns. Even now bitcoin has better chances of getting more returns than the real estate. Buying a house with bitcoin is good idea if person wants a house to live in. Right... If somebody wants to live in it, is ok though. Meanwhile I think he can also cash out some high percentage and then allow the rest to keep appreciating again. From the look of things, I think he invested a very long time ago so he can cash out some and do other gains rather than just leaving it there. Meanwhile, the reason people get into investment is to have plenty money and keep moving and investing in other things. |
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I do not think cashless society would bring an end to corruption, unaccountability in any case . On the part of the government, I believe some unscrupulous persons in government would still devise means to cheat.
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Unification of currency will breed corruption, chaos, greater poverty, hardship, backwardness. Is just like narrowing it down to communism and communism thrives more in an indigenous society and not heterogeneous. It will breed chaos. This my view anyway.
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Well ,if I had to invest, I think I will not be procrastinating about it. Bitcoin and other promising cryptos are the next invogue in investment world. They are always on the uptrend with slight lows to rise again, until it gets to its destination which is not anytime soon.
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The future of the market? I think the market is going to be independent of itself and thats the way it is going to be for a long time. It can only change to something I can't predict for now when any government tries to make a policy against it like we are just witnessing in China but, I don't see it overriding paper money. They can only trade side by side.
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many of my friends did not work but a lot of money away was great when compared, to me that is still working in the factory, I was confused from where producer obtained from bitcoin?
I think you already got an answer since your ranked is already a full member but for newbie working online is profitable specially if you are working in bitcoin, and i have many friends already rich by working online and bitcoin is their part time only that is why their income is too much higher than some professional who are working in good company. True, is really unbelievable the way globalization has helped the citizens that are not attached to government or politician, eating from the tax payers money without accountability. Bitcoin and crptos are God sent to the masses. |
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Well...both have there pros and disadvantages. There are some transactions you can't do with bitcoin especially where it is an interface business sometimes and or when the receiver do not understand what bitcoin is all about, so you might be forced to make use of paper money.
Anyway ,people would prefer having bitcoin because of its financial value as priority.
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I think investing is also nice, like for instance buying when the price is low and waiting for when it appreciate reasonably is another way to double one's money. You hold it and wait. Making money is most times a patient game and applying 'wisdom '- luck also which applies to betting too.
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I would agree to the earlier comment that everybody have same opportunity to grab some bitcoin depending on when you key in. And then, anything new has its own euphoria thats one reason.
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We have heard this slogan for a long time now and will still hear more. China might have done well to have risen to the level it is now economically due to her max production prowess. We are still watching.
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I guess is just a thought ruminating idea. In any case, it will be a very hard decision to see through especially because bitcoin is decentralized, hence not colonized by a single country. It benefits are numerous & one is that it is creating wealth & built back into the economy. Meanwhile, government is made up of individuals, individuals who also have blood, flash like everybody in this forum - thus, they also would like to make money.
A country at worse might regularize its usage
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In my own opinion, I do think bitcoin gained its prominence because of the volatility & so, I think without that maybe it wouldn't have been this popular. So, you take away its volatility, you might as well see bitcoin losing its popularity.
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At first I thought it was impossible for Bitcoin to be replaced since it is the first cryptocurrency, but you are right, some altcoins may have better features than Bitcoin and people may prefer them instead. Here's an analogy, lets imagine all cryptocurrencies are like mobile phones. Bitcoin is Nokia, and started the mobile phone trend. And soon after everyone started using Nokia. But brands like Blackberry, Samsung and Apple soon created their own phones, and Apple made a major breakthrough with a touchscreen function, where everyone gradually switched to that after a while, and now Nokia is outdated. Bitcoin has our trust now, but other cryptocurrencies might overtake BTC in the future.  Thats just a good analogy. Moreso, nothing last forever as it is said & change is constant. So it is very possible for bitcoin to be outdated either due to its charge, difficulties in exchange and insecurities attached to it. Another crpto like the ones already known could come out stronger and take the lead. |
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Nice... Well, for bitcoin, the more you save or reinvest it, the better because it is speculated to rise more in the future. So, it will be a wise decision to either reinvest safely or hold tightly and not to be carefree to spend it lavishly now.
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A good plan is usually ascribed to a smart person. Thus, in my own opinion, being smart tops. It is the acuity that brings about good strategic moves, plans, winning power, investment knowledge, though not taking away luck too.
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The financial elites shouldn't panic because of bitcoin or new wealth being created by the digital currency. The cryptos are there for anybody to invest on. Anyway , for sure, I guess they wouldnt just like the way bitcoin has made people climb to financial independence with ease on like the difficulty in building finance with paper money. They for sure would be envious.
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Is only the government policies could stop growth of bitcoin thats if it possible given the decentralize nature of bitcoin , otherwise bitcoin has come to stay for a long time. Although, if it does not transform to fiat / paper money, then some day, it will lose it value either to another cryto or something replacing crpto because nothing stays permanent for ever except God.
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Basically many modern societies are capitalist where we have the bourgeois (known as the employers) and the proletariats(known as the employees )- as postulated by Karl Marx.
In my view, the point then is, it is poverty that has made more capitalist to emerge both individuals or country because of the struggle to survive as also opined by Herbert Spencer (survival of the fittest ). Poverty is in the land & people are trying their hands in different fields and daring new grounds and eventually emerging as new employer, you can name them even globally ranging from those who have made there mark in social media, comedy, arts & culture science & technology, health, hospitality industry etc.
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Well, no jobs, under-employment, insincerity & unaccountability by the people in helm of affairs, fraud order of the day but the inhabitants are peaceful & happy people .
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