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Its good that now we don’t need the banks and government to control our money. Bitcoin is borderless money, no country or banks have right over the money, its belong to the community, transacted peers to peers, for the world population of all nationality, rich or poor. People have control over their Bitcoin ledger. No need to seek permission from govt or banks to transfer our own Bitcoin from one continent to another. Money in the banks belong to us but we faced lots of problem when we request to transfer fund or withdrawing cash. We don’t pay any fees when we transfer money via Bitcoin. Now i can buy anything paying with Bitcoin just with my mobile phone anywhere in the world without any charges or restriction from the do call capitalist, government and banks. To yield the Bitcoins by mining, just similar to people who mine precious metals and minerals like gold, silver, copper etc. where fiat monies are created by governments. To yield Bitcoin its not free, people has to do Bitcoins mining and they need to spend huge amount of money, consume time and face risk to create the mining rigs in order to yield Bitcoin. Bitcoin is the money of today, the future and forever. Those who start collecting, saving and using Bitcoin now will gain, as in near future Bitcoin will be scarce and the price will be extremely high. Govt should consider creating their own cryptocurrency in order to be part of the cryptocurrency community and not blatantly penalise them. Thanks to those people who have the brains to create this Cryptocurrency also the brilliant governments and establishments who supported them “Bitcoin fell below the psychological mark of $ 6,000 dollars, which caused a new wave of pessimism. But we believe that a large part of this recession falls on the pessimistic mood of investors, and not on fundamental factors, ”said Tom Lee.

Bitcoin and crypto have already scale adoption

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For example bitcoin is 1,300 dollars in last 12 moths that was twice the volume of Paypal and it’s seven times higher than Discovoer and it’s not that far away fromVisa. Bitcoin Is more relevant than Paypal and discover. It is the top dawg of the cryptocurrency coins in the market. And, it was first in market. It is the Ford Model T of crypto.

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This is the 6 leading generations in USA. Millennials are now the economic engine of the USA and of the world.

Millennials average age is 26.5… still early in life cycle.

The oldest millennials are 36 but the average age is 26.5.

Millennials maturing autos, peak homebuying and early prime income To highlight the life cycle of various generations, we have highlighted population distribution and shown the various generations
and their respective distribution. Additionally, we shaded the various life cycle behaviors (auto buying, etc.).

Millennials are now the largest, most diverse generation in the U.S. population.

Millennials now represent the largest generation in the United States, comprising roughly one-third of the total population in 2013. What's more, the largest Millennial one-year age cohort is now only 23. This means that the Millennial generation will continue to be a sizable part of the population for many years. Millennials are more connected to technology than previous generations and a quarter of Millennials believe that their relationship to technology is what makes their generation unique.

Millennials are more connected to technology than previous generations and a quarter of Millennials believe that their relationship to technology is what makes their generation unique. Millennials are not just virtually connected via social networks; they value the role that they play in their communities. For instance, high school seniors today are more likely than previous generations to state that making a contribution to society is very important to them and that they want to be leaders in their communities.

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But Millennials are different than other generation.92% percent of Millennials Don’t trust Banks. Make sense that their parents last home because of the financial crises. 71 % of millennials would go to the dentist than listen to what banks sat and 33% believe that in five years they won’t need a bank.

Risks

  • Mining conglomerates becomes too powerful and essentially takeover the blockchain.
  • Millennials decide they like gold and allocate away from risky assets.
  • A major blockchain is hacked by a nation-state.
  • Governments decide they have to destroy blockchain.
  • Citizens decide they trust governments and banks.
  • Quantum computers hack encryption.
  • Humor: A crypto-expose is featured on 60 minutes

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