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To start a new business is always very difficult. So most importantly what you need to be ready is the loss of their investments. It is impossible to foresee all the possible options so any business starts with a loss. But it is better to lose and start a new life than live to regret the missed chance.
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The problem with high transaction costs will have to solve very soon. Obviously. Attempt to move to segwit2x failed due to blackmail miners. Now I heard that they test the "lightning". I am sure that the developers understand the seriousness of the problem and in 2018 we will see a fast and cheap transaction.
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I think that for a beginner it is better to start with bitcoin. It is more secure for investment. To the beginner it will be difficult to understand all the variety of altcoins. Guess their behavior the first time is impossible. Bitcoin forgives those who committed the error and compensates for the loss of the subsequent increase in prices.
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This happened multiple times. Now altcoins will take the excess Fiat which does not fit in bitcoin. It won't be long. People get used to high prices for bitcoin. He stabiliziruemost and then investments will again flow. People just have to accept the fact that we're in. Then they will have hope for future growth.
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Most of us now know that we all are now facing a bitcoin bubble.People have continued to buy bitcoins with great excitement and the entry of wall street companies like CME have made this excitement more which has inturn led to this high price.But i'm being a long term holder don't bother such price hikes and dips.Even if its price falls more,i know about bitcoin's potential very well.I would just continue to hold.But when this bubble bursts,most of the newbies would flew away.
I also use this tactic. Now it seems to me most successful. But to be honest it worries me a permanent increase in the price of bitcoin. I understand that it can end in a huge fall. But the problem is not even that. After each price increase makes me harder to earn coins. If the price falls then all my present income will turn into nothing. |
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Yes, if bubble happen member can not sell BTC for large amount. If bubble happen we will get notification in an email. So always check email to get new information about BTC  Even if bitcoin would be a bubble of the exchange will be required to pay the obligations under the dollar account. To translate large amounts of currency is always difficult. I'm sure if OP was bringing the same amount from the Bank then it would not work to do it quickly. To him it would be a lot of questions. I always keep some of their money in Fiat on the card. |
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ATM that exchange bitcoin for Fiat is used for its activities to the legislative uncertainty. I don't know of countries which can boast of the existence of legal norms regarding the cryptocurrency. Some governments create regulations in order to legalize their use. But this is not a law.
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My vision for cryptocurrencies is that we will be able to use them in daily life and stop looking at them as commodity or investment only. I want to use them just like cash, on everyday expanses. This will take a while because Crypto needs wider exposure first, but eventually this will hopefully be a normal thing. I am just in love with controlling all my money completely by myself. No more intermediaries that can interfere!
I also want this. But I think that of itself it will not happen. First you need to upgrade bitcoin so easy to use in everyday life. who will pay bitcoin for food in the restaurant, if the transaction cost will be higher than the cost of the food? Who is going to wait a few hours for a transaction confirmation? Who will pay bitcoins if they are constantly increasing in price? |
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As whales can open the options to sell coins? It is also not profitable to roll rates. Now the exchange rate of bitcoin is high and therefore a very large demand. All they will sell will buy small users. In such circumstances, they can lose control of a large number of coins. It is not in their interests.
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Why do you think that there is some sort of system in bitcoin. Its price grows depending on the demand. This demand is nonlinear. In addition, the higher the price of the coin the lower the price increase in the percent growth of prices in dollars. The limit of price growth is limited by the quantity of dollars that people are willing to invest in bitcoin.
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I think that to keep their money is not the best option. If everyone will keep their money they will not be none. Any economy exists only when there is circulation of money. Currency is the blood of the economy. Instead you need to constantly spend money to you can return.
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As Bitcoin spreads more people, we can hear user errors, because new users will try to load user errors they have made into Bitcoin. An increase in Bitcoin's popularity may lead to an increase in price, but there will be no increase in quality.
Actually an increase in bitcoin's popularity leads to decrease in quality because as of now people tend to buy bitcoins and hold it while few percentage of investors will mine bitcoin. In this kind of scenario, the outcome would be more unconfirmed transactions per day cause by limited miners and increasing demand in transactions. When people buy bitcoins in order to keep the coins the number of transactions is reduced. Imagine the number of transactions if bitcoin will be used in the trade. It seems to me that you need to prepare for that number of transactions will increase significantly. Need to increase the block size. Not do without it. |
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This is not blackmail. It's child's play. What a clever person will send them money? Lol. These letters anyone can write in the hope that someone will be scared. Can not be afraid. They will not be able to bypass the 2 factor authentication. They break the accounts only when the owner is helping them.
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I could say both, why? because investing in cryptocurrencies are risky, it is really hard to speculate the profit you can get since cryptos have a high volatilty, their prices can increase and decrease anytime. i suggest that you invest something that you can afford to loss at the same time you can think of a high profit.
Although it is depending on the personal experience of a person. Some people are good in short term investment, therefore short term investment is good for them, While other people who experience in long term therefore they are good in long term investment, To me i have good experience in long term investment therefore i will always like to invest my money for long term. It seems to me that in the case of bitcoin you can't predict what will be the price in the long run. We can't even predict how many years it will be bitcoin. Long-term investments can only work on the stock market. Speculative capital only works with short-term investments. |
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What's so special in that? Search this Speculation section, you will find many predictions for $10K, some of them with exact timing too. It is not so special in case of Bitcoins and cryptocurrencies to make predictions because there isn't any parameter to do so. This market moves random and every prediction is more or less guess or inner wisdom!
Exactly. There are so many people who come out with their opinions and speculations, and I think that's great. However, it just so happened that this guy (Tim Draper) was at the front of a couple of news shows. Look into these forums and you'll find many who have predicted the 10k but the thing is, they didn't have the same public presence as this guy. Everyone can speculate, I think it's just a matter of luck. I agree with you. We hear so many different predictions about the price of bitcoin that any price is bound to be someone predicted. I would be interested to hear opinions on the underlying causes of this price, but it is not. Nobody knows how will react to bitcoin on events that have not yet occurred. |
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Perhaps in the future there will be a new lesson. Before there was a profession hunters. Perhaps someday there will be a profession hunters of the lost coins. I heard somewhere that at the moment already lost about 4 million coins. Imagine what is the amount? Who knows what is more profitable to look for gold or bitcoins.
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Bitcoin has completely changed my Outlook on deposits. I never trusted banks so I never had deposits. Me some of percent of income per year are not worth the risk to which I exposed when have money in the Bank. After in 2008 I saw how bankrupt a lot of banks, I only use them to have a credit card.
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I am sure that bitcoin will be forced to increase the size of the unit. As the popularity of bitcoin will rise will increase the number of transactions. Easy to see how bitcoin will become helpless in competing with such upstarts as the bitcoin cash. I think that the developers should pay attention to the fact that the miners could not dictate the conditions and slow down the development of the whole community. If nothing changes, bitcoin will not live 120 years.
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In such cases I always say to those who criticize the cryptocurrency was offered something better. This dispute over. They can't offer. They want to continue to stay with Fiat. I don't trust banks. They stand at the top of the pyramid Fiat money and the status to which they have led the international financial system is their fault. Therefore, I support the creation of cryptocurrency.
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Fiat is also stealing hackers. In my country I've seen installed on ATMs special devices that read your credit card details and password. Then the hackers release the same map and you lose their money. In our world it is impossible to fully protect themselves from hackers. We can only minimize risks.
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