Bravosi
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Hey there community! So I was wondering, since I'm new to the whole Bitcoin (cryptocurrency) scene, how does a cryptocurrency market work? Like what are the reasons for the Bitcoins to go up or down. What determines it? Since it's not a national currency supported by a government or a bank, then clearly it's based off something else.
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Will there be another crypto that would surpass bitcoin?
Bravosi replied to Kakashi2020's topic in General Discussion
Exactly... I believe every single person in the world, even old people, heard about Bitcoin. But I doubt that they have heard of, let's say, Dashcoin or Ethereum. -
Should Bitcoin be considered a Commodity or a Currency?
Bravosi replied to Kakashi2020's topic in General Discussion
I was wondering, what affects the Bitcoin market exactly? Amount of Bitcoins purchased and owned, overall global economy or something else? -
But the whole question is, when do you know that the time is right and that Bitcoin fell to it's lowest? In theory it could fall even more, or suddenly rise.
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What is your Christmas Wish for Bitcoin?
Bravosi replied to Kakashi2020's topic in General Discussion
In your opinion, does the fall of Bitcoin affect the trust level with other cryptocurrencies and their overall stability? -
Yeah, I believe THAT it is dangerous. But not to us, but the globalist banks and governments. Though, I keep having my suspicious level high, because what if Bitcoin and other cryptocurrencies are a secret project to get people's money and then suddenly crash it, making us even more poor compared to them? I know it's a conspiracy theory.
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What is your Christmas Wish for Bitcoin?
Bravosi replied to Kakashi2020's topic in General Discussion
That would be splendid! Let me cross fingers for you, haha. I wish that Bitcoin would be more stable, like the other leading world currencies, and perhaps it will come to it soon. Personally, all these drops of Bitcoin kinda scare me away from getting it, sadly. -
Well... I suppose it will be too late to ask for refund. Should Bitcoin drop extremely low then I'll buy as much as I can, but if it crashes completely, then it's an entirely different story. Perhaps switch to another cryptocurrency, or just forsake it for good.
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Will there be another crypto that would surpass bitcoin?
Bravosi replied to Kakashi2020's topic in General Discussion
I highly doubt it. For me, Bitcoin is the most popular, stable and reliable one. Among the other existing cryptocurrencies nothing can surpass it. Unless there will be something entirely new to BOOM the market. -
Lucky for me our electricity bills are quite cheap (relatively). We maintain our house without gas, as it is expensive in Eastern Europe. Usually our electricity bills sum up to $50 a month. Should I attempt to create my own Bitcoin farm now?
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Hey there dear community! I've heard a story about a kid from Russia (he is an 8th grader), which around 1 year ago built his own Bitcoin mining farm, and rather a small one on his balcony. According to his mom he managed to get some decent income to help her pay for her bills. I'm curious how viable it is to build that farm too? I mean it must be expensive? And the mining in theory should double the initial money spent.
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I don't really get the whole "cashless" thing. How would you buy stuff? In my opinion Bitcoin and other cryptocurrencies are as much as cash, as others (EUR, USD). Only a virtual one. The whole problem with Bitcoin and other cryptocurrencies for me is the problem to understand who runs it, how does it hold, where did it start. Many many other questions. The most important one, what if it's someone's scheme to get people's money and then collapse the cryptocurrency (conspiracy theory).
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In theory you're right. But it can drop again every moment. They are very unpredictable nowadays, and another problem is the fact that the global market is too. It feels like poverty is growing everywhere and that it also affects the Bitcoin along with other cryptocurrencies.
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What's the best alternative to Bitcoin?
Bravosi replied to Kakashi2020's topic in General Discussion
Well, I wouldn't say, as there are a lot of them and none is particularly for my liking. I've exchanged some with my friend (I've sent him USD and he sent me the cryptocurrency). We both been practicing in getting them via HYIPS, as in joining those platforms. But I'd have to warn you, that it is risky and you can lose it if not done properly. -
Ethereum is extremely cheap right, so I think you should go for it. My friend has bought a lot of Ethereum at the moment, and I think it's a smart choice, because he has cash to spare and Ethereum is cheap at the moment. But on the other side, what if Ethereum will never rise back up again. These cryptocurrencies are like a lottery.
