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Showing 20 of 203 results by BitBite5
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Topic
Board Bitcoin Discussion
Re: Wallet advice?
by
BitBite5
on 30/04/2020, 06:45:14 UTC
There are many wallets in the offer. My tip is not to use only one, so split your coins among multiple wallets and make sure that one of them is hard wallet. Although my favorite one for everyday use is Mycelium.
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Board Bitcoin Discussion
Re: Sending Bitcoin through SMS/Text Messaging?
by
BitBite5
on 12/03/2020, 10:56:24 UTC
Although at first sounds nice and interesting I'm not sure about that idea. It looks too risky to me, without enough security and many possibilities to abuse. But it has potential to be further developed.
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Board Bitcoin Discussion
Re: William Shatner doubts Craig Wright’s claims to inventing Bitcoin
by
BitBite5
on 12/02/2020, 10:53:28 UTC
I don't believe that Craig is Satoshi. I also don't believe that anyone will manage to reveal true identity of Satoshi unless he wants that. So to my opinion it' better ti just let him be and I don't actually see the purpose if the identity would be revealed, that is not so important for bitcoin community and I can understand why he wants to sty anonymous.
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Board Bitcoin Discussion
Re: Bitcoin Usage Among Merchants Is Up
by
BitBite5
on 07/02/2020, 15:06:08 UTC
You didn't provide any data or concrete information on that. So, your conclusion is based on what exactly, just an impression? That is not good way to share information.
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Topic
Board Economics
Re: Future of Bitcoins - What will happens to BTC
by
BitBite5
on 31/01/2020, 11:49:56 UTC
No one can't predict the future for sure. However, having in mind all this growth of new technologies and digitization to my opinion bitcoin and other cryptocurrencies ca only grow further and have better place in our societies, especially in the economy. And don't worry about the price, volatility is normal and we can't expect that price is only going up all the time.
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Board Bitcoin Discussion
Re: How Bitcoin will rise as EU cash payments fall
by
BitBite5
on 17/01/2020, 10:27:51 UTC
No matter all digital processes and rise of cryptocurrencies cash will not disappear. Many people still have that habit and don't trust other payment methods or just don't want to leave traces. Total cashless society will be never achieved, people love banknotes.
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Topic
Board Speculation
Re: Bitcoin price and Christmas.
by
BitBite5
on 27/12/2019, 12:27:49 UTC
I'm not so convinced that there is direct link between Christmas and bitcoin price.
Some think that price is falling because many users exchange bitcoin for fiat because of excessive spending during December but still that can't influence the price so significant because that is not si large number of users. I don't even think that price will recover with beginning of the next year.
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Board Economics
Re: Why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line not conduct ICO?
by
BitBite5
on 20/12/2019, 09:39:34 UTC
And why would they? Not everyone is interested in ICO. Also, maybe they have estimated that this might be too risky for them or not enough profitable or just don't have the interest to get involved in crypto.
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Board Bitcoin Discussion
Re: Bitcoin isn't just an investment, it is the future
by
BitBite5
on 13/12/2019, 07:12:45 UTC
It's clearly visible how big development bitcoin has achieved with time. From the very beginning when almost nobody believed it will be successful until today when it' recognized as the best criptocurrency. The future is ahead of bitcoin and with time I think that people will use it more and more also in every day life, for real purposes and not only as an investment. Majority countries will regulate it and it will become equal part of financial and economy system.
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Board Bitcoin Discussion
Re: Mass adoption of crypto
by
BitBite5
on 29/11/2019, 13:29:06 UTC
This is an illusion. Half of population in the world is not using internet, many of them still don't have electricity at all. Not to mention education and digital skills. I think that cryptocurrencies will always stay a privilege of certain group of people although that is not general idea and it's not good.
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Board Bitcoin Discussion
Re: What can do Governements against Satoshi ?
by
BitBite5
on 22/11/2019, 07:03:08 UTC
Why would any governement do anaything against Satoshi? I don't think they are even interested in him. And why are bitcoiners so obsessed with Satoshi and always creating some conspiracy theories?
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Board Bitcoin Discussion
Re: How Informed is Your Country's Police About Crypto?
by
BitBite5
on 15/11/2019, 07:30:31 UTC
More and more I would say. Police is aware of many frauds and money laundering connected with cryptocurrencies and they know they have to investigate it. Also, more and more people report crimes connected with crypto so they actually don't have the choice, they need to work on that and therefore educate themselves.
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Board Speculation
Re: Will bitcoin hit a new low since 2018
by
BitBite5
on 25/10/2019, 06:24:46 UTC
Don't be so under pressure because of bitcoin price and don't panic every time when bitcoin price falls.
It's funny how every time when the price goes down some people predict the worst possible scenario. This now it's just usual correction, something that we see all the time. Just relax and buy more coins.
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Board Bitcoin Discussion
Re: What did you know about Bitcoin before becoming a bitcoiner?
by
BitBite5
on 18/10/2019, 08:21:35 UTC
Nothing actually. I found some articles online and that was my source of information. I bought my first bitcoin as an experiment but everything went well for me, I stayed in crypto community and with time I learned a lot. It takes some time and experience, nothing can't happen over night.
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Board Bitcoin Discussion
Re: Bitcoin coins are losing popularity?
by
BitBite5
on 11/10/2019, 13:49:25 UTC
I'm not sure what do you mean by losing popularity. I hope you don't mean on popularity on social networks. New bitcoin adopters appear all time and to my opinion bitcoin is more and more used in real life, also as a payment method and not only investment asset.
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Board Bitcoin Discussion
Re: Loan to buy Bitcoin?
by
BitBite5
on 04/10/2019, 13:03:39 UTC
This is a bad choice. If you can't afford to buy bitcoins, better don't. You can't know in advance if you will make enough profit to repay for loan and to make something for yourself. It's better to wait a while and save something that you will invest in bitcoin.
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Board Bitcoin Discussion
Re: IS THERE A REGULATORY BODY
by
BitBite5
on 13/09/2019, 05:55:22 UTC
I always get surprised how little some people know about bitcoin. They don't make even slightest effort to get at least basic information and that is sad. But I guess they expect for profit to get into their hands right out of the blue.
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Board Bitcoin Discussion
Re: A world of opportunities for freelancers
by
BitBite5
on 06/09/2019, 06:58:45 UTC
now freelancers have been greatly helped by the presence of cryptocurrencies. I see this as the goal of creating a cryptocurrency that is as a "solution". payment solutions that are cheap, safe and fast.

May I understand that freelancers always want to accept
paying by their native currency, but most of buyers choose only paypal and USD for payment. bitcoin is volatile and many of countries government ban bitcoin by their countries economical law, so bitcoin payment not possible to receive for every workers in the world!
accept payment via PayPal, in my opinion, is just a trend... in the future payment trends will switch to cryptocurrency but not Bitcoin, I see Stable Coin like USDT & USDC has the potential to become a payment trends in the future.

Maybe these coins have the potential but I don't think they will replace payments in bitcoin. Many freelancer like to be paid in cryptocurrencies but in those who are easily changed in fiat or accepted as a crypto on multiple places.
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Board Bitcoin Discussion
Re: Realization of bitcoin as a currency, killed it in India! You all killed it!
by
BitBite5
on 09/08/2019, 07:29:13 UTC
I don't think you can blame anyone for decisions that government in India made. It's their decision how to regulate bitcoin it and they've chosen the bad way. Still I don't think that will prevent people in India from using bitcoin and that can't be stopped.
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Board Bitcoin Discussion
Re: With Bitcoin, a future is not clear
by
BitBite5
on 02/08/2019, 08:14:37 UTC
An interesting decision. Another proof that people just do not get rich. In order to make a competent decision, you should at least familiarize yourself with the new sphere and how it works. That is, we need knowledge. And to invest borrowed funds in such a risky asset is stupid.


 I agree but people often make stupid or at least reckless decisions. One of them is definitely to invest in bitcoin with borrowed money. But some users don't have enough knowledge and experience and profit is the only aim they see. Once they get disappointed and lose a lot of money maybe they will start thinking differently.