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How to get 100_000 bits_pdf.md
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How to get 100_000 bits_pdf.md
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# How to get 100 000 bits
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---
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Welcome to our eBook mini guide to getting started with bitcoin and
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to getting your first FREE bitcoin "bits" - we are SUPER EXCITED
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to share this journey, and honoured to introduce bitcoin to you.
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We are blessed to get to share tomorrows technology (currency,
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financial platform, store of value) with you today...
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...and to be able to give you the chance to get in on the ground floor
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of bitcoin too - to get involved while it is still in it's infancy.. and if
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you doubt this or think you are late to the party then we've got good
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news for you - take 10 minutes to read this short eBook and you'll
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see that you are just in time :)
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Introduction
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Everyone is talking about bitcoin, it is growing in adoption, being used by more and more
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businesses, and increasing in value.
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In this quick report we will explain quick what bitcoin is, what it's future potential could
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be,but most importantly; how you can claim THOUSANDS of "bits (bitcoin units) a day, for
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free.
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It's not too late to join the growing trend of bitcoin, to invest, or to simply get hold of some
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for free and become a part of the future growth of bitcoin!
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Chapter 1: What is bitcoin?
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Bitcoin is a digital currency. It is open-source and decentralized which means it isn't owned
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by any government, or controlled by any bank.
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Nothing can be hidden/manipulated due to how transactions are verified on a sort of global
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spreadsheet called the "Blockchain" (trying to keep things super simple but if you want to
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read the ins-and outs you can find the full "bitcoin white paper" which goes into depth in
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how transactions are confirmed and "minded") in which 1000s of computers verify each
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purchase transaction and bitcoin send on the network.
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This means that essentially this spreadsheet is duplicated and synced live all around the
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world by 1000s of people - similar to a peer-to-peer system which has no focused
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centralization to control (or manipulate) it.
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You can send bitcoin from your computer, tablet, smart phone or other device, to anyone,
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anywhere in the world, day or night.
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The transaction fees are either 0% or a tiny fraction compared to the cost of a credit card
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payment or a bank transfer (especially internationally). And the time taken is dramatically
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reduced - on average, a transaction completes in 20-30 minutes (once it has been
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verified).
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How is bitcoin "printed?"
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It isn't.
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No one prints bitcoin in the same way that regular national currency is printed.
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Whereas a bank can simply produce more money to cover the national debt, thus
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devaluing their currency and causing inflation..
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Instead, bitcoin is created digitally, by a community of people that anyone can join. Bitcoins
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are "mined" using computing power in a distributed network. This "mining" is the method of
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processing and securing each transaction - locking them into the "blockchain" ledger.
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Miners earn bitcoin as rewards for using their computing power when they verify
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transactions and solve the complex mathematical formulas associated - this now requires
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quite significant (and growing!) computing power.
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There's a limit to how many bitcoin will be created
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The Bitcoin protocol - the code and mathematical rules that bitcoin is based on state that
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there will only ever be 21 million bitcoins created by miners.
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This finite number means that bitcoin is deflationary rather than inflationary like all other
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national currencies; i.e. because the bank is constantly printing more money to cover debt
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and to fill new loans, the value of the currency as a whole falls - thus we have inflation.
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However with bitcoin, only 21 million can ever be created, so the currency is deflationary -
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as it becomes used more and more in demand, the price will rise as there is a fixed,
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definite, limited supply.
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Now 21 million might not sound like enough if it is really to be adopted and used as a
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worldwide currency and accepted in all online shopping.
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But it is :)
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Breaking down a bitcoin (bits and satoshis)
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This is where things start to get really interesting :)
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Understanding the make-up of a bitcoin will help you to see just how valuable the
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thousands of bits that you can get for free TODAY really could be in the future.
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Each bitcoin can be divided down into 8 decimal places - so each bitcoin contains 100
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million units, each called a 'Satoshi', (named after the mysterious founder of bitcoin
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Satoshi Nakamoto) - here 1 satoshi is represented:
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0.00000001
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However, more recently the unit of "bits" has been adopted.
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There are 1 million bits in every bitcoin - this takes the decimal placing to only 6 spaces
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out of the available 8, leaving 2x 00s left over on the end, which will be used as decimals.
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Here one bit is represented:
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0.00000100
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The measurement in bits has been created with e-commerce in mind. We are simply used
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to thinking in whole numbers, so rather than thinking of the price of something being 0.06
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of a bitcoin, we write this price as 60,000 bits.
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Looking at bitcoin like this makes it much easier and more realistic to see how it will be
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used and how it really can go mainstream right! ;)
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And right now, you can still get THOUSANDS of bits for free every day!
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If you did this 4 years ago...
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So if you had spent a little time each day 3 years ago getting some free bitcoin using the
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free bitcoin faucets I'm going to show you, if you acquired just $1 a day for a year - then
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that $365 value would now be worth $182,500*
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*math assumes from perspective of bitcoin being worth $1 3 years ago to being worth $600 today.
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... yes... WOW!
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Even if you are only getting small amount of $ value worth of bitcoin today, and it might
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seem like you have missed the boat from when the price was $1 or less, to it now being
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worth $600 - but this is far from the truth.
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Please keep in mind that there is HUGE investment going into bitcoin right now (so far in
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2014 there has been over $250million invested by venture capitalists into bitcoin start-ups
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- this is approximately the same amount as went into Internet business start-ups in the whole of
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1994, the start of the Internet boom).Right now you can invest in bitcoin (or get free bitcoin)
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BEFORE it really goes mainstream
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- before Wall St gets the regulation it needs to be able to trade it and offer it in ETFs and
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funds for investors (rumoured to be coming at the end of 2014 / early 2015), before it gets
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implemented into mainstream banking, and before it gets really mass adopted as a
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payment currency online and offline (this is already well under-way and new merchants
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are accepting bitcoin every day - including Expedia, New Egg, Overstock and Tiger
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Direct).
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The THOUSANDS of "bits" you are getting for free right now will have real value in the
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future - the thought of needing to acquire a whole bitcoin will be laughable, it is the
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decimals, the bits which will be used.
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It is right now which is the critical time to invest in, or get involved in bitcoin - or get a LOT of bits for free,
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while you still can!
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Especially because you can do so for 30 minutes in your lunch hour instead of playing flash games, or
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even on your smart-phone as you sit on the toilet!
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Imagine 10 years from now when bitcoin really is adopted and used in the
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mainstream, being able to say to people you made 100,000 bits while sitting on the
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toilet back in 2014 :)
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Chapter 2: Claim 2.7 MILLION Satoshi in 10
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Minutes
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This is where we get started get some free bitcoin.
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Follow the 3 steps below and signup for the 3 free bitcoin wallet services (they also
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happen to be the largest companies, and the SAFEST to store your bitcoin. - you can
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earn $5 worth of bitcoin from the first 2 (90,000, and 15,000 satoshi from the 3rd -
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This will take you 10 minutes - 2.7million satoshi in 10 minutes :D Nice!
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1. Bitalo: For a limited time they are giving $5 in free bitcoin to all new members -
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just signup to get your free bitcoin wallet with them. They are also THE safest online
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wallet. They take security more seriously than any other and FORCE 2 factor
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authentication (i.e. you have to enter your password AND get pin code from your
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smartphone to use your wallet.
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2. Coinbase (The USA's largest and most trusted exchange): They also offer $5 in
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free bitcoin when you join, and have a lot of security features - they are generally
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seen as the market leaders in functionality, ease of storage and buying bitcoins.
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3. Xapo - They give 50 bits free when you join INSTANTLY and a further 100 bits if
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you share on twitter and facebook (a total of 15000 satoshi) :)They are also the first
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service to offer really solid online "VAULT". This goes deeper and offers more layers
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of encryption and authentication - especially when you come to move or withdraw
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your bitcoin. 1 They also offer a debit card! You can top-up your debit card using
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your bitcoin, and spend it in $s in retailers around the world.
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There are many sources to get your wallet from but we recommend these 3, they are the
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SAFEST and most trusted, and of course, they offer free bitcoin when you join :) but in the
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interest of variety here are 2 more online wallet services which are really safe and trusted:
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1 Bitfinex - A personal favourite actually (because you can earn INTEREST on the
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bitcoins you hold in there + save l0% off your first month's fees with this link.)
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Blockchain.info - A very simple, but functional online wallet (not an exchange you
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can't buy bitcoins here, only store them).
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Chapter 3: Faucets list — Claim 5.000 Satoshi
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an HOUR
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This is where you can really get a lot of satoshi daily - the above exchanges you can only
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join once and get your $5 in bitcoin once but these websites give you free satoshi/bits
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every day or every hour.. some payout every 5-15 minutes!
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Here is our top 10 list of free bitcoin faucets which you can claim anywhere from 100-300,
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or maybe even 1000s of bits/satoshi, all you have to do is simply enter your bitcoin wallet
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address.
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At present estimate, you can earn up to 5,000 satoshi an HOUR using JUST these 10
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websites:
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* Or if you need it then here is a quick walk through video, of me showing you how to use 4
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of the faucets listed.. you will soon get the idea, it's pretty simple :)
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Site Name Frequency Payout (satoshis)
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BitCoinKer 15 Minutes 100-300
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Moon Bitcoin 5 Minutes 100-300
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Bitcoin Zebra 1 Hour 100-400
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FreeBitco.in 1 Hour 300+
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Pizza Faucet 1 Hour 100-300
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Coin Giveaway 1 Hour 100-300
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Daily Bitcoin 1 Hours 250 - 1200
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Coin Check In 5 Minutes 15-300
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We hope you have enjoyed this guide, hope you have a lot of fun along the way learning
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about bitcoin - and hope you can get involved and make an investment that might just
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change your life in the future when the investment and adoption into bitcoin really starts to
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come into fruition in the years to come!
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