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ironm@n
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August 09, 2016, 05:40:31 PM |
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Good points, one of the few ways to have full control over your funds.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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oblivi
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August 09, 2016, 06:00:14 PM |
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Bitcoin has the highest network effect ever in a cryptocurrency and it will never change unless something out of this world happens, so its not realistic about an altcoin takeover, Bitcoin is king for the rest of our lifes.
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romero121
Legendary
 Offline
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August 09, 2016, 06:00:47 PM |
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Its difficult to explain through quotes why bitcoin needs to be trusted than any other digital currencies. On learning about its true nature user needs to experiment it to know why people need to trust it.
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yayayo
Legendary
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Activity: 1806
Merit: 1024
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August 09, 2016, 06:49:21 PM |
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Believe it or not, but not everyone involved in Bitcoin is just "investor" or trader. Bitcoin is also very usefull form of payment for some. Whatever the purpose for the payment option, without Bitcoin being actually usefull, just "investing" scheme could not work for so long and collapsed long ago similarly to all altcoin pump and dumps.
Exactly! Thank you for your comment. These days, I'm increasingly under the impression that mostly speculators and traders are interested in Bitcoin, (ab)using it to make elusive fiat "profits". The reason of Bitcoin's creation and its unique properties as a decentralized currency seem to be irrelevant for these kind of people. I really hope that all these ignorant people will leave Bitcoin with big trading losses only to return to desperately buy it back, when Bitcoin shows its power as a inflation resistant alternative to fiat. People that still use fiat as a reference benchmark to measure value are not knowing anything about money. ya.ya.yo! |
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Klima
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August 09, 2016, 07:32:27 PM |
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Remembered bitcoin is first and mostly anonymous virtual money,also now investor choosed bitcoin become best asset for invest,until when we must trusted bitcoin become part our life?
Bitcoin currency is the same as the other, that's just the price for it may vary quite unpredictably. And to protect their money, the bitcoin is better to store in their PC or even on a flash drive. |
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redsun114
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August 09, 2016, 09:02:10 PM |
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Pretty much up to you as to how long you want to trust bitcoin.
As for me, as long as I can see that I can make some profit out of it now and/or in the future, I'm trusting my assets to bitcoin.
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ajun96
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August 09, 2016, 10:53:55 PM |
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Pretty much up to you as to how long you want to trust bitcoin.
As for me, as long as I can see that I can make some profit out of it now and/or in the future, I'm trusting my assets to bitcoin.
so that means if you do not earn profits and income in bitcoin again. then you're not going to believe again the bitcoin lol? I think you're using bitcoin only as a tool for profit? you're not wrong? but it's like the proverb. When the sweetness is gone, the pulp is thrown out ? |
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JeffBrad12
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August 09, 2016, 11:23:59 PM |
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Remembered bitcoin is first and mostly anonymous virtual money,also now investor choosed bitcoin become best asset for invest,until when we must trusted bitcoin become part our life?
Okay, I just wanna to understand about the OP sentences. but in my minds forever you don't need to trust with a currency. and for what you trust with currency if the currency just a death goods? you just use them not trust them. |
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richardsNY
Legendary
Offline
Activity: 1232
Merit: 1091
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August 09, 2016, 11:30:14 PM |
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It's personal to each person. One may keep supporting Bitcoin for many more years because he has good confidence in its future, while the other finds that Bitcoin is severely lacking something that this person really believes in.
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asriloni
Legendary
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Activity: 2996
Merit: 1023
Leading Crypto Sports Betting & Casino Platform
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August 10, 2016, 12:07:20 AM |
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You can trust anything you want but maybe if that's will giving anything for you but this back to the personality of the person. wanna to trust or not. but maybe you can trust bitcoin and bitcoin will trust you and giving something for you.
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Indrawan77
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August 10, 2016, 01:07:59 AM |
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Trust or not trust is depend on the individual, but for me bitcoin has help me a lot, it has help me pay bills and i can use bitcoin as an investment and i have gained profit from bitcoin, so in other words bitcoin has help my life, so as long as bitcoin still exist i will trust it
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Soulver
Newbie
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Activity: 14
Merit: 0
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August 10, 2016, 01:25:42 AM |
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Its all goes up into individuals thinking , i personally won't trust or accept the BTC as real life usage currency, not because it has anonymous transactions and has no governmental related stuff but because of its huge price fluctuation , i would prefer fiat currency over it , in other hand bitcoin is a must cryptocurrency in cyber because of its privacy advantage over others.
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anama
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August 10, 2016, 01:31:08 AM |
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I do not need to explain why I believe in bitcoin, no presence of the two men would not affect bitcoin
I requiring bitcoin, bitcoin is not need me, because I am not a great marketing and not a programmer
I just people looking for bitcoin to be made in fiat money
My position same for you so my experience and my explain, for you too
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madwica
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August 10, 2016, 01:53:15 AM |
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We must trust bitcoin due to promising return of your investment.
You are here to invest some of your money in terms of bitcoin if you do not trust bitcoin you are not here to invest and to earn.
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OrangeSeller
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August 10, 2016, 02:21:41 AM |
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Pretty much up to you as to how long you want to trust bitcoin.
As for me, as long as I can see that I can make some profit out of it now and/or in the future, I'm trusting my assets to bitcoin.
yeah right. bitcoin is trusted until it has these features and benefit what it has right now.and when bitcoin start loosing it is great futures. then people will stop trusting it.. like these lot of earning opportunity. saving money and controlling them yourself. stay anonymous and a lot more. but if you ask me I would say I believe bitcoin will never loose its trust. a wallet can be hacked. a company can be closed. but bitcoin itself can't betrayed bitcoiners. |
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TGD
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August 10, 2016, 02:42:48 AM |
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Remembered bitcoin is first and mostly anonymous virtual money,also now investor choosed bitcoin become best asset for invest,until when we must trusted bitcoin become part our life?
Until bitcoin still a live we can trust it , as long as many people still believe in crypto currency, it's going to be more successful in the near future . We also want it to see bitcoin most useful than what it is now. |
Don't mind me | Just checking out here for Duelbits Promotion | Bitcoin 1M | Duelbits no 1 |
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blackmachinegun
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August 10, 2016, 05:34:29 AM |
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Its difficult to explain through quotes why bitcoin needs to be trusted than any other digital currencies. On learning about its true nature user needs to experiment it to know why people need to trust it.
I think trust and believe to bitcoin will indirectly have a positive influence to the bitcoin. because if all users believe the bitcoin I'm sure no one would leave the bitcoin and switched to other competitors. and bitcoin will continue to survive because users also continue to survive |
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20kevin20
Legendary
Offline
Activity: 1134
Merit: 1597
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August 10, 2016, 08:12:05 AM |
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We must trust bitcoin due to promising return of your investment.
You are here to invest some of your money in terms of bitcoin if you do not trust bitcoin you are not here to invest and to earn.
I don't think we have to trust Bitcoin that much. Gold is the only one we can never be afraid to invest in. Bitcoin can always disappear or become unused. |
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Kotone
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August 10, 2016, 09:31:16 AM |
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Remembered bitcoin is first and mostly anonymous virtual money,also now investor choosed bitcoin become best asset for invest,until when we must trusted bitcoin become part our life?
Well if you dont trust bitcoin, maybe you are lacking of experiences about bitcoin. Look at the people who are posting here. Do they trust bitcoin ? Yes. Because they know that bitcoin is a good currency that will never break down until such time that bitcoin will be used by other investors. But as we all know, if bitcoin blocks has been mined, there will be no more place to create and earn more money except exchange sites or trading sites. But why trading sites accept bitcoin ? Because they trust that bitcoin is a good currency to hold on. So, everyone who use bitcoin trust bitcoin. We must trust bitcoin because this is the only first online digital currency we have today and the top cryptocurrency standing today. |
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stromma44
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August 10, 2016, 09:40:23 AM |
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Its difficult to explain through quotes why bitcoin needs to be trusted than any other digital currencies. On learning about its true nature user needs to experiment it to know why people need to trust it.
I think trust and believe to bitcoin will indirectly have a positive influence to the bitcoin. because if all users believe the bitcoin I'm sure no one would leave the bitcoin and switched to other competitors. and bitcoin will continue to survive because users also continue to survive Even after the bitfinex scam people have shown their trust towards bitcoins and have stayed strong with it so it clearly indicates that people will never leave bitcoin even if price falls in future. |
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