Peacemaker1994 (OP)
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October 06, 2018, 09:25:49 AM |
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Bitcoin is a p2p system of transaction. Bitcoin has shown alot of signs so far that it is here to stay and even over Shadow the normal system of transaction.
Bitcoin which was created in 2009 by sir satoshi Nakamoto it growth level is quite OK and the value is still volatile and prone to changes of the market Bitcoin has some advantages over other transactions process like it does not have and fee or charges attached to it and it is decentralized meaning it is not regulated. Well as a cryptocurrency enthusiast my wish obviously is to see a rapid growth of bitcoin and cryptocurrency at large but truth be told there is a lot of work needed
Well limitations like lack of transaction protection on like make payment that is under a body regulations which you have protection for it. Making transactions with bitcoin does not guarantee you any security so it totally at your own risk
Also with bitcoin transaction can not be reversed like it is with other system of transaction
If you lose your bank account number or pass word you can go to the bank and fill certain forms and probably get it back but not with bitcoin wallet one you lose your wallet and it's detail it is gone forever all your earning blown away
Also lesser transaction opportunities. Although the cryptocurrency world is growing using it to make transactions might not be generally accepted as of now. Not every one accepts it
PS. Cryptocurrency is no joking ground and it is still developing when you are in it either you gain or you lose. It is very important to know how to navigate it personal security should be of optimal level. Go through educational books and videos. Protect you personal details like your private keys and so on.
We all want cryptocurrency to grow but work needs to be done
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Antinomist
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October 07, 2018, 08:54:39 PM |
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Bitcoin has achieved so much praise in such a short period of time but its potential dictates to elevate even higher. A lot of work needs to be done to make it mainstream.
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Symptomatic
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October 07, 2018, 08:55:13 PM |
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Bitcoin is still in ithe early days. Some goverments are only now making new policies regarding crypto while some are going for all out crackdown. Only a handful of cities reside some hundred-ish businesses which accept bitcoin. Obviously a lot of things remain to be accomplished.
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Thinkable999
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October 07, 2018, 08:55:54 PM |
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It is true that for bitcoin being the future currency a lot of work has to be done. The topic covered it all in great details. We have to keep it mind that for bitcoin to replace fiat currency it will not be a easy task, time, hard work and patience all is required.
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clonely
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SEND AND RECEIVE MONEY INSTANTLY
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October 07, 2018, 08:58:41 PM |
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And the communty is trting their best. We can hear some change soon. It is not same Bitcoin you know now and Bitcoin when born. It is developing.
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Marcel666
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The Premier Digital Asset Management Ecosystem
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October 07, 2018, 09:22:10 PM |
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If you lose your bank account number or pass word you can go to the bank and fill certain forms and probably get it back but not with bitcoin wallet one you lose your wallet and it's detail it is gone forever all your earning blown away
The advent of bitcoin has taught people to be careful about how they handle their personal information, gone are the days when an individual uses one easy to remember password for all apps and data. Now we carry our assets in our gadgets, and have learnt safety and precaution.
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Bergqvist
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October 08, 2018, 02:02:58 AM |
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Bitcoin can be called the exchange medium of the future because of its potential nature and many other facilities. But as the risks of using our anonymously or the risk of losing the wallet, number, id or password, one should remain careful all the time. Even with the devices the exchange would be made should remain in safe hands.
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LukeHartman
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October 08, 2018, 02:03:59 AM |
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Bitcoin has passed more than 9 year as a crypto currency. It is still being developed. As you have said, A lot of hard work is needed to be done to turn it into the future.
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IsabelleSampson
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October 08, 2018, 08:44:00 AM |
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With any business at the beginning there will be a lot more work required in order to make it succeed and cryptocurrency is no exception as there may be issues right now but, after time passes and the issues get sorted out we can hope to see a good outcome.
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blocklancer8
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October 08, 2018, 09:00:40 AM |
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Of course it will be a big thought with bitcoin users, I am sure in the system that there are advantages and disadvantages but in the ever-evolving technology I am also sure there must be improvements made for public convenience. And in our own wallet and activities we need to be vigilant so we don't concede and lose big.
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MohamedJones
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October 08, 2018, 05:00:01 PM |
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Bitcoin is still a work in process. It has developed and achieved a lot but its still in a initial stage of expansion. We hope bitcoin adoptation will make our lives even better and that will be the biggest achievement.
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Nnedaddy1
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October 08, 2018, 05:25:28 PM |
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Bitcoin is the Future. Although it is still on its early developmental stage, there are some key technologies of the blockchain technology that need to be improved on...I believe it will trigger the adoption rate of bitcoin, which will bring the Future now.
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iamzill
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October 08, 2018, 05:31:45 PM |
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the hardest job for us is when we see the development of bitcoin reaches a record high and we cannot get these benefits. so I think that's something we might have to face when the bitcoin situation is good while the big job is in front of us.
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Volkan_Tom
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October 08, 2018, 05:38:35 PM |
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In order to protect your bitcoins from theft or from accidental loss, you just need to buy a hardware wallet. This not too expensive thing will help you in the future to avoid most of the problems that people have because of their inexperience. You do not need to study many hours of video and read books - just buy a hardware wallet and this will solve most problems.
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Kaan53
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October 08, 2018, 05:45:42 PM |
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Bitcoin is a must for Bitcoin's future. Bitcoin will be invested by Bitcoin. Bitcoin will grow by bitcoin.
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kzozenberg
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October 08, 2018, 07:17:51 PM |
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Bitcoin has not yet shown all its features and in the future it will be much more expensive because of its lack for people as it is very small relative to the population !
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Qurelal
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October 08, 2018, 08:42:11 PM |
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I agree with you. We need to do a lot of work to make bitcoin work well. The issue of security is the most open. I think there should be some systematic secure way to store Bitcoin. I don't know what it should be, but I hope to resolve this issue.
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ChinkyEyes
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October 12, 2018, 10:52:59 PM |
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We are still in Innovator/early adopter phase. We still have a long way to go to mass adoption. It's going to be very interesting how all this will be developed. Be happy you live in these times and have the opportunity to witness this unfold firsthand. Something to tell the grand kids later.
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Zooplus
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October 12, 2018, 11:50:49 PM |
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Making transactions with bitcoin does not guarantee you any security. So,it totally at your own risk. We all should protect our personal details and need to do more works.
I agree.We should be more careful and even cautious the whole time.We may lose all our hard earned bitcoins with just a wrong act.Be responsible to keep private all your personal details and avoid giving or sharing it to others as this will make your investment be stolen.Everything will be in its good place as long as you keep doing the right thing.
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ChristinBenly
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October 13, 2018, 01:24:25 AM |
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I think bitcoin is potential market in the e but there are many things for us to do to control and make it work well. It must a security system to control it.
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