Andrea
Fri Jun 07 2024
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7 answers
1245
Can Bitcoin really reach 1 million?
Could you please elaborate on the likelihood of Bitcoin actually attaining a value of 1 million? I'm particularly interested in understanding the underlying factors that might drive such a significant surge in its market capitalization. Are there any historical patterns or precedents that suggest such an outrageous prediction could come true? What role does the adoption rate by businesses and individuals play in this? Also, could you discuss the potential impact of regulatory frameworks and technological advancements on the future value of Bitcoin? I'm keen to gain a deeper understanding of the dynamics that could either propel or hinder its ascent to such heights.
GangnamGlitz
Fri Jun 07 2024
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6 answers
1003
Is crypto legal in Canada?｜Yes, Bitcoin is legal in Canada. You can hold, buy, and sell it without any problems. However, some trading venues are not registered with Canada's security regulators, meaning that they could be illegally selling you Bitcoin .
Could you please elaborate on the legality of cryptocurrencies in Canada? I've heard that Bitcoin is indeed legal in the country, but there are also concerns about unregistered trading venues potentially engaging in illegal sales. Could you clarify the situation for me? Are there any specific regulations or guidelines that govern the purchase and sale of cryptocurrencies in Canada? Are there any penalties for dealing with unregistered platforms? And finally, how can I ensure that I'm dealing with a legitimate and registered venue when engaging in cryptocurrency transactions? Thank you for your assistance.
EtherWhale
Fri Jun 07 2024
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6 answers
1354
How much does it cost to send $100 Bitcoin?｜Bitcoin transaction costs only depend on how big in bytes your transaction is. As such, the dollar value you're sending is irrelevant with Bitcoin. A simple transaction usually costs around 200-2,000 sats or which could be for $100 or $100 million dollars.$0.06-$0.60 USD
Could you please elaborate on the cost of sending $100 worth of Bitcoin? I understand that Bitcoin transaction fees are determined by the size of the transaction in bytes, rather than the dollar amount being sent. However, I'm still curious about the approximate range of these fees for a transaction of this size. Could you give me a general estimate in terms of satoshis or US dollars? Is it typically within the range of 200-2,000 satoshis, equivalent to approximately $0.06-$0.60 USD?
SeoulSerenitySeekerPeace
Fri Jun 07 2024
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7 answers
1844
How many hours does it take to mine 1 Bitcoin?
Could you please elaborate on the process of mining Bitcoin? I'm particularly interested in understanding the time commitment involved. Could you estimate how many hours it typically takes to mine a single Bitcoin? Also, does the time vary depending on factors like the mining equipment used or the current difficulty level of the Bitcoin network? It would be great if you could provide some insights into these aspects as well. Thank you for your time and assistance in clarifying this matter.
Nicola
Fri Jun 07 2024
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5 answers
832
Is Australia a crypto friendly country?｜Is bitcoin legal in Australia? - YES. The good news is that .investing or trading in cryptocurrencies such as Bitcoin is legal and regulated by the Australian Securities and s Commission (ASIC)
Could you kindly elaborate on whether Australia holds a favorable stance towards cryptocurrencies? Additionally, is the possession and usage of Bitcoin lawful within the country's borders? I've heard rumors that it is indeed permitted, and that the Australian Securities and Investments Commission (ASIC) oversees and regulates such investments and trades. Could you confirm this information and perhaps provide further insights on the regulatory framework?
