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JPK0007

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  1. JPK0007
    Well, i am a Cryptocurrency enthusiast for some time now and i like to stay updated with the various technical issues in regard to Cryptocurrencies. Forking is a term i have been sometimes confused about.All i know is that the Cryptocurrency value can fluctuate considerably and when it goes wild then it approaches the phenomenon of Fork.Would like to hear more from you in regarding Fork.
  2. JPK0007
    Well, i think that if a big Social Media Platform like Facebook enters the Cryptocurrency market then it will definitely give the much needed boost to all the Cryptocurrencies around the World. If Facebook introduces its own coin then it will become very succesful and eventually beat all its competition.However, i dont think that such a thing will happen in the nera future.
  3. JPK0007
    I think the only other credible alternative to Bitcoin has been Ethereum and Litecoin.I dont know wether investing in other coins like Dogecoin is a good option because honestly i like to play safe in thjis regard even if the investment required maybe very low when compared with other cryptos.I may consider investing in litecoin in 2019 because it has been in the market since 2011 and has a somewhat proven track record.
  4. JPK0007
    Well, i have some friends who are very enthusiastic about the new cryptos like Dogecoin.The people who are looking for investing in new cryptos are certainly considering coins like Dogecoin. However, i dont share the enthusiasm. It is always necessary to be safe than sorry when it comes to your investment in such coins.
  5. JPK0007
    Well , i have heard a lot of positive as well as negative things about Steemit from my friends online. I have still not used Steemit but am thinking of creating my account there. The complaint that i have heard abot Steemit is that you need to have a good network of friends who have an active presence on Steemit in order to earn real money from the company. However, the concept of earning money through your posts is really interesting and worth trying once.
  6. JPK0007
    Yes, the name of the Cryptocurrency is very important.The name of any product is very important when you are taking it into the Market for the first time. Eventually the consumers will identify the product through its name. If you have a catchy name for the coin then it will definitely attract the attention of the customers and also create a buzz.If the company is able to match the catchy name with a credible performance then it will eventually create a good reputation for the coin.
  7. JPK0007
    Well, i think that Bitcoin investment or Bitcoin transactions are taxable in most of the countries throughout the World. Bitcoin is considered as an asset and any transactions related to Bitcoins can be taxed. If you sale your Bitcoins then you may be liable to pay Capital gain tax on the transaction according to the tax rate of your country.
  8. JPK0007
    I think that inspite of the recent volatility in the value of Bitcoin, it still remains the number one choice when it comes to Cryptocurrency investment throughout the World. However there are many other Cryptocurrencies who are promising and can be considered as an alternative to Bitcoin.I think that Ethereum has managed to claim the spot of the best alternative to Bitcoin.Even Litecoin is also becoming popular in the recent times.Ethereum and Litecoin are still far less popular than Bitcoin.
  9. JPK0007
    Yes,Bitcoin or any other Cryptocurrency is taxable in most of the countries around the World. In the countries where Bitcoin transactions are considered legal, i think that it is treated like any other asset and you get taxed for all the transactions related to it. If you sale yout Bitcoins then yiu may be liable to pay the capital gains tax according to the tax rules of your country.
  10. JPK0007
    i think that the beginners need to do a lot of research before finally taking the decision in investing in any sort of Cryptocurrencies. It is always best to be safe when you are new to the field of high risk investment like cryptocurrency. However, one needs to take some risks and try to diversify there investment in more than one Cryptocurrency. It is always advisable to invest only that much amount that you can afford to lose.
  11. JPK0007
    Well, investing in altcoins can be risky especially if you are considering to invest in them as an alternative to something like Bitcoin. Inspite of the recent volatility in the value of Bitcoin, it still remains the most reliable option when it comes to investing in cryptocurrencies.Other than Bitcoin, Etherium is the other alternative for investment. However if you are ready to takke risks on the investment then you can look for other alternatives.
  12. JPK0007
    Well , that truly would be an amazing idea for people like me who love to be active on the Social Media. Getting rewarded for doing something you always like to do would be like a dream come true for most of the Social Media enthusiasts. The amount of coins that some Influencers and celebrities on the Social Media could earn through this activity can be mind boggling.
  13. JPK0007
    I think that if a country overtly ventures into the Cryptocurrency market and launches a state owned Cryptocurrency then it will be the most bizzare thing that could happen in the economic scene. I dont believe that this will happen and i guess it is just a rumour right now. If a country decides to launch a state owned Cryptocurrency then there will be consequences around the World and it will also adversely affect the Economy of that country.I dont think that a huge economy like China would take such a big risk.
  14. JPK0007
    Honestly, i have heard this for the first time and its really a very surprising move on part of the Chinese authorities is this is true. I am not very concerned of this move because China alone cannot control or manipulate the Cryptocurrency market. I am sure there will be powers who will balance the influence of China if it does decide to covertly or directly venture into the Cryptocurrency Market.
  15. JPK0007
    Well, i was never offered Bitcoin at that time. Would i have accepted Bitcoins if they were offered to me? I think most probably i would have refused them at that time. The only reason is that i did not know anything about the concept of Cryptocurrency at that time. I would have obviously refused the offer and would also have given the person a big lecture about being careful while investing his hard earned money.
  16. JPK0007
    Well, that is certainly a mind boggling amount for buying two boxes of Pizza. I am sure this person must be thinking of the transaction hae had done in the past all the time. Would he be feeling great to have purchased the Pizza by spending so many Bitcoins or would he be thinking about the value of the Bitcoins that grew exponentially afterwards? Whatever may be the case, he surely become a part of History when he did this transaction.
  17. JPK0007
    Well, i have heard of some small websites accepting Bitcoin as one of the mode of Payments but have certainly never heard of Amazon accepting Bitcoins. I am not sure whether this is indeed the case. It would have been a Breaking News all over the World if a reputed online company like Amazon was accepting Bitcoin as one of the mode of Payment. However, if this is true then this news is certainly one of the most positive news for all the Cryptocurrency enthusiasts all over the World.
  18. JPK0007
    Well Bitcoin certainly has shown considerable growth in it svalue over the years. People who had invested in Bitcoin in the past have earned huge profits. However, i dont see anu other Cryptocurrency reaching the levels of Bitcoin growth in the current environment. Given the volatility of the Bitcoin value these days,it will definitely take some point for the restoration of confidence of investors in regards to cryptocurrency market.
  19. JPK0007
    Well i guess Bitcoin is accepted or at least is not opposed by some important countries like Canada and Australia and some other smaller European countries. I guess for Bitcoin to get some kind of higher credibility countries like USA, China , India need to accept it openly. Once these countries start being more friendly to Bitcoin transactions, it will definitely pave way for the wider acceptance of cryptocurrencies all over the World.
  20. JPK0007
    Well, i dont think that Bitcoin will be accepted and widely used as a mode of payment in the market in the near future. It needs the approval of the Governments throughout the World to accept Bitcoin as a mode of payment which is not likely to happen. If online sites start accepting Bicoin as a mode of payment on a larger scale then the acceptance of Bitcoin can increase steadily. However, given the present uncertainity in the value of Bitcoin, this also does not seem like a possibility in the near future.
  21. JPK0007
    Well, I think the main motivation for people getting attracted to cryptocurrency, especially Bitcoin is obviously the potential of making huge profits in a less amount of time. People who have invested in Bitcoin have made huge profits with there investment. Honestly World economy wont have any problems if Cryptocurrency ceast to exist. However, i still feel that there is hope and optimism with regard to a product like Bitcoin and it will recover in the coming days.
  22. JPK0007
    Well, I don't think that any kind of Cryptocurrency, including Bitcoin, can be treated as a currency mainly due to the high volatility in its value. In regard to the optimism in the Bitcoin enthusiast in spite of the recent drop in its value, I would say that i also agree that Bitcoin will recover in the near future and it can still be a good investment option for people who are able to take the risk. However, some amount of caution is definitely required if you are planning to invest heavily in Bitcoins right now.
  23. JPK0007
    Well, I don't think that Bitcoin will become a single unifying currency for the World. Let's accept that there are huge differences between the various countries of the World. In an ideal scenario having a single currency throughout the World would be an amazing concept. Countries are not even able to unite on very real and difficult problems like Terrorism and Pollution. Maybe sometime in a distant future, this may happen but certainly not in the present circumstances.
  24. JPK0007
    Well, I am hearing this for the first time. No country has completely banned Bitcoin till now. However, there are many countries in the World where Bitcoin transactions are not considered legal. In recent times Cryptocurrencies have been known to be misused by some rogue individuals and institutions for illegal and nefarious activities. This may have been the reason for a total ban.
  25. JPK0007
    Bitcoin is undoubtedly one of the most popular forms of cryptocurrency available in the market. People who have invested in the past have definitely earned huge profits on their investments. However, there has been a sudden fall in the value of Bitcoin in recent days. The critics of Bitcoins say that this is the beginning of the end of the cryptocurrency bubble. However, Bitcoin enthusiasts feel that this is just a temporary setback for Bitcoins and they believe that Bitcoin value is going to bounce back very soon. According to them harder the fall, higher the rise in the near future. Do you agree with this? What are your views in this regard?
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