The concept of blockchain I dont believe was started by Americans and it is evolving since then! Now I dont believe there is a scheme with BTC because it behaves like a bubble! it behaves like that simply because mining still happens, its a new currency, and it has times of increase and decreased because of the demand of it!
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I dont believe there will be any crash before the fork, because the other fork actually made us a bit more richer! There only can be a crash and a decrease in the value only if the BTC gold is a challenger that can bring down BTC a bit! If it is like BCH than I don't believe there wil be any big decrease in the value of BTC!
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I think that electricity is not a matter of distress for BTC, because there are new renewable energy techniques that can decrease that problem. Now one think that can mingle with BTC is the advancement of technology, maybe there might be ways of disrupting the Blockchain in the future. And I guess with the value that it will become stable, it will be a big value that will make you have satoshis divisibles, and with that BTC sustainability is guaranteed!
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Username: joseafonso12 Thank you!
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Taxing all of the newly generated addresses in your wallet might be a difficult task! Not impossible, but though! I would be in favor of this, because you would be able to trace the source of the BTC coming to your wallets. With that I believe BTC would gain more users because it would start getting in the legal standards!
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It deserves because people are adopting it, and it's in an increased demand! BTC is a new concept that it's being well adopted by the common people who know about it, because it gives more freedom to them! It's a dream also, because you don't see a currency getting valued so much in just one year!
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If you have a wallet that support that fork, than yes, you will have the new BTC in your wallet( There might be also tutorials to how extract it from your wallet). But you have to know that the forked coins won't have the same value of the original BTC, and they could lose their potential soon.
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Username: joseafonso12 Thank you!
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Am getting the same issue with the forum! a lot of server busy today! hat is the cause for this? Hope you guys correct it soon!
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You meant to say that BTC reached a new height! It will probably go downwards a bit after the coming fork, for correcting purposes, and then it will keep getting new heights till the other fork happening in November! Unless the 25th fork have a bad effect on BTC, i don't see it going below after the correction!
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I think BTC is growing because of the upcoming fork, but after that it may be corrected a bit and the value of BTC may decrease a bit in my oppinion! This is a good opportunity also to promote BTC, and show that BTC is a currency that will have a future in the worlds financial system! For your question, I bet it can get closer to $6300.
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I don't think this problem is only Africa's problem. As a continent, yea, Africa might be behind in the BTC race, but as countries, there are countries like Nigeria, South Africa who might be more involved than many other non African countries. One of the reasons might be lack of equipment, electricity( If you dont have it, even if you own BTC you wont make any transaction unless you move).
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Username: joseafonso12 Thank you!
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Well, it's a very big value for BTC. Maybe after every BTC is mined we will see a somehow stable price, till then we can only speculate the price! BTC has to grow, in terms of price, because you can have only a fixed number of BTC. And if the price rises, you will see trading with less than 1 satoshi, that would value a lot also. And with that more portions of BTC will be available.
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Username: joseafonso12 Thank you!
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Until we have internet connection bitcoin users can dream! Obviously internet connection will exist unless there is a war or a big catastrophic natural disaster! I think we will be able to buy everything with BTC, or even BCH, it's just a difference in their quantity that might affect in the end! And I guess this coins shouldn't get discrimined, they will be used for everything if they survive in the market, maybe will not be to much used!
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Obviously newcomers will have that fear and start panic selling. But these kind of users are also necessary for the dump and pump game that happens with almost all cryptocurrencies. Other thing is, people are impacient to get some money nowadays, so that also make the less knowledgeable just invest for a little time, and sell for some profit.
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As you said, in 2013, 2016 and this year, there have been news that people are talking bad about BTC, and that it will soon debacle, and disappear, and all kind of bad news, but even with this, BTC is rising and is gaining it's popularity over the world. I think it wont stop now to increase in value, but there will be uncertain times until every BTC is mined.
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The blockchain that is being forked, is of BTC, so this will be as good as a copy of BTC with it's differences. That's same with BCC, a copy of BTC, that won't interfere in the upcoming fork that will be done this month probably. So, I believe that you will have the same amount of BTC, in BTC Gold. And well, before claiming BTC gold always be sure that its a legit way, or else you could end up losing everything just because of BTC gold.
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Username: joseafonso12 Thank you!
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