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Author Topic: Early BTC adopters still hodling?  (Read 1382 times)
richan
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September 01, 2018, 05:19:23 PM
 #61

I can quite remember in the early months of 2012 , buying bitcoins was very hard to come by in my locality and the transaction speed could take about an hour to 3 hours before confirmation of 2x on the blockchain.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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A Feeder
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September 08, 2018, 03:46:59 PM
 #62

I think there's no changing to adopters of bitcoin also the transaction time has not changed so much either and some early adopters was selling coins when the price spiking and some adopters balanced their wallets and hold the coins and wait for the right time to sell.
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September 22, 2018, 12:31:23 PM
 #63

The strategy can be applied here to get the maximum profit if you want because you can take advantage of its volatility. Day trading today is good and it can be easy to determine if you have some time to see how the market price moves in coinmarketcap.com.
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September 22, 2018, 12:36:15 PM
 #64

1. don't know.
2. sound problem( you can't here your voice if you use asicminer), Electricity cost is too much.

Electricity should not be a problem back in the early days because as most here say's, bitcoin before can be mined even on a laptop. And plus, the fact that the network is not that crowded. There will be so little or few transactions to handle.
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September 22, 2018, 12:42:32 PM
Last edit: September 22, 2018, 12:52:43 PM by Payme21
 #65

A lot has definitely changed when compared to how it was at the onset and this can be practically seen with transaction fees and speed of transactions. I also think that lots have also changed as regards mining and it's rewards. It has become much more expensive to mine because of energy cost and many more miners available and so many miners now use sophisticated machines dedicated to mining farms

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