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Vinaa77
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June 13, 2023, 02:59:13 PM |
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Bitcoin is a digital online currency. The main reason for Bitcoin's worldwide popularity is its price volatility. Bitcoin is often referred to as a cryptocurrency because it uses cryptographic techniques to secure transactions and create new units. Traders are investing in Bitcoin as a digital currency and reaping long-awaited profits.
Now technology is growing, and of course related to digital names. now some identical work is being done with technology and digitally, it seems that digital currency is really needed for this, and Bitcoin is a decentralized digital currency, and actually they can use it as an alternative transaction or other needs, as well as other things that can done with Bitcoin because he can benefit everyone who has it. |
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Rupok
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June 13, 2023, 03:00:45 PM |
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Thank you for your very well written and detailed explanation of Bitcoin. As Bitcoin has developed as an asset, people think about it in many different ways.As such I always try to hold bitcoins in my fund for the long term. But some people want to convert bitcoin to gold, and some are building houses by converting bitcoin. To me, bitcoin is just an investment way to fulfill my dreams.However Bitcoin is profitable to invest and anyone can use it as a means of payment or as a means of saving money. So people have different positive and negative views towards Bitcoin as some see it as an alternative to digital gold and some also use Bitcoin for gambling.Everyone has the right to use Bitcoin according to their own convenience.
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imamusma
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June 13, 2023, 03:27:10 PM |
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Now technology is growing, and of course related to digital names. now some identical work is being done with technology and digitally, it seems that digital currency is really needed for this, and Bitcoin is a decentralized digital currency, and actually they can use it as an alternative transaction or other needs, as well as other things that can done with Bitcoin because he can benefit everyone who has it. Bitcoin is an alternative payment solution besides fiat payments. The increased adoption has allowed many people to utilize bitcoin to pay for any goods or services as long as both parties agree on a type of payment. Its price volatility also allows anyone who trades and invests to profit, but it also allows them to suffer losses as long as it is not managed properly. So apart from being used as a means of payment, bitcoin is also a profitable asset. |
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cryptodude
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June 13, 2023, 03:59:27 PM |
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Of course Bitcoin is a digital currency. It is a centralized digital money that uses block technology that works on peer to peer network. It was created in 2009 by Satoshi Nakamoto. Bitcoin records all transaction information through block technology and makes it public which ensures transparency and security. Currently, online shopping through Bitcoin is used for various purposes including investment and remittance. But Bitcoin is the most profitable to invest in as it fluctuates a lot. In the future Bitcoin may take the place of the current USD in international currency exchange.
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ringgo96
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June 13, 2023, 04:05:55 PM |
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Currently Bitcoin is a very valuable thing that many investors invest in, and Bitcoin is a digital currency that has been legalized by some countries, and has also become legal tender even though this only applies in some countries, but I believe there will be a special protection that will be made by the government because Bitcoin is a very valuable asset for the future, And bitcoin has implemented a high security system.
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Agbe
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June 13, 2023, 04:17:59 PM |
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Bitcoin can be used as an asset and also a currency. Bitcoin is an asset in the sense that is something we possess and have value that is why we refer it as an asset . Bitcoin is a currency because it is use to buy things online and also transfer like the real money of a Nation.
These are the two ways bitcoin is used. So you should not confused yourself.
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someone703
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June 13, 2023, 05:49:20 PM |
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Bitcoin has gained considerable popularity as an investment asset, and many people have chosen to invest in it with the expectation of potential upside. Bitcoin's decentralized nature, limited supply, growing interest from institutional investors, and mainstream adoption have all contributed to its investment appeal. The price of Bitcoin has historically experienced significant fluctuations, which presents an opportunity for traders and investors to profit from price movements. Although Bitcoin was originally created as a digital currency, its characteristics as a decentralized and deflationary asset have led to the perception of it as "digital gold" or a store of value. This perception has fueled the investment narrative surrounding Bitcoin. It is essential to realize that Bitcoin's value as an investment comes from its underlying technology, the blockchain, as well as its potential to revolutionize the financial industry and reshape the way transactions are made. The use of bitcoin as a digital currency and its investment potential are not mutually exclusive; they complement each other in the broader ecosystem.
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Gladitorcomeback
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June 13, 2023, 06:04:20 PM |
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Bitcoin can be used as an asset and also a currency. Bitcoin is an asset in the sense that is something we possess and have value that is why we refer it as an asset . Bitcoin is a currency because it is use to buy things online and also transfer like the real money of a Nation.
These are the two ways bitcoin is used. So you should not confused yourself.
Yes BTC is used for both asset and currency. Bitcoin as an assets is more popular than Bitcoin as a currency. Bitcoin as a currency will be only possible if many countries start dealing through btc and big Platform start accepting it. Bitcoin is till now imagined is fast making profit than real assets. This is the reason people are expecting very big from btc and most of people holding it to become wealthy in future. In most of the countries Btc is not yet legalized but citizens holding it with the Hope that they might be able to buy sell in future. |
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rojan
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June 14, 2023, 03:17:42 AM |
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Currently Bitcoin is a very valuable thing that many investors invest in, and Bitcoin is a digital currency that has been legalized by some countries, and has also become legal tender even though this only applies in some countries, but I believe there will be a special protection that will be made by the government because Bitcoin is a very valuable asset for the future, And bitcoin has implemented a high security system.
Bitcoin Digital Currency People of all countries know about Bitcoin. But as time goes by, the use of Bitcoin will increase. However, Bitcoin is still not legal in all countries. Bitcoin is still illegal in many countries. But after becoming illegal, many people are using Bitcoin. I heard about this from one of my friends many years ago. I am totally obsessed with Bitcoin. But in my country, the government still allows Bitcoin. Not declared valid. But I hope it will be declared valid in few years. I am waiting to see it. |
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MarjorieZimmermanGinger
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June 14, 2023, 03:43:14 AM |
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Most people being introduced into bitcoin sees bitcoin as a means of investment, precisely since 2018. They don't even care of knowing what it is use for, all they care about is that they can make money from it and this flaw has been exploited by the government and now most countries legalising Bitcoin, legalised Bitcoin as an asset instead as an digital currency.
Apart from being used for investment bitcoin can also be used for other things, El Salvador has legalized bitcoin as a legal currency so that it can be used like fiat currency usually in other countries to spend the things you want. There are now many online shops that accept bitcoin payments, although this is not yet very widespread in many countries. There are all kinds of people with their own thoughts when they try to recognize bitcoin, but most people realize that bitcoin has far more advantages than fiat currency. Bitcoin is private and other people don't need to know how much we have and bitcoin can be a source of self-sufficient investment that doesn't need a third party to back it up. There are many advantages that bitcoin provides as an alternative for people who use it and the initial limitations when bitcoin appeared have turned into a much greater benefit for people to this day. |
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TheUltraElite
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June 14, 2023, 06:09:34 AM |
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Currently Bitcoin is a very valuable thing that many investors invest in, and Bitcoin is a digital currency that has been legalized by some countries, and has also become legal tender even though this only applies in some countries, but I believe there will be a special protection that will be made by the government because Bitcoin is a very valuable asset for the future, And bitcoin has implemented a high security system.
Government does not care for Bitcoin or it's security. They are rather scared of its popularity and use among users over fiat. Hence don't think they are going to help bitcoin users at all, other than imposing taxation on capital gains. Becoming a legal tender is a huge thing and there has been a lot of problems about that in the countries that allowed so. But this is something that in a long drawn process and may become better in future as governments become lenient. For now only focus on the current use of Bitcoin, storing it for future selling and not looking at altcoins. |
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