Bitcoin Forum

I read an interesting article today that compares bitcoin to the US dollar. Is bitcoin a fiat currency and am I in danger of losing my money?

http://bestcoldstoragewallets.com/bitcoin-contradiction/

You can lose your money no matter if they are in a bank or crypto.

 "If I asked a bitcoin investor how much is a bitcoin worth they would give me an answer in US dollars."

Maybe someday they'll ask how much a dollar is worth, and the answer will be in crypto?

 i would just wait little bit but not much i think btc will rise again soon or later but we don't know when it will happens, i think  early spring is good time for btc to recover , say around another  couple month!

Do not forget that this article was created by someone and this person is expressing his opinion, not as if he was totally right or totally wrong and only his opinion about bitcoin and you should have your own opinion


What is not the dangerous thing in this world? you are in danger even when doing the simplest thing of your life, in the living beings we are very fragile, we break with ease only that we did not realize it ... for example: to practice some sport these subject to many risks of losing its arms or legs, eat a lot you can have many diseases... save your money Fiat under the mattress, you run the risk of being robbed or someone burn the mattress your money inside... invest in bitcoin you can earn 2X but this will take some time.

Don't let doubts and fears lead your life, get to it and buy if you have the means to. Study the flow and learn from it's history and you will see why should we put some of our money into it.

There are good things that can be found in BTC or in cryptocurrency in large. For now it is diverted as most of the people who holds it are making more money(trading stuffs) rather than pursuing it's cause. We may not find what it promised us but I hope soon we will and see for ours selves and experience the successful revolution and liberating us from capitalization.

If you are aiming to huge profit in a form of investment, I think it would be a good idea to invest in Bitcoin. Especially at this moment wherein its market value is low which is practically the best time to invest. Huge profit will be earned once its market value starts to increase. This time will be an advantage to invest in Bitcoin. Do not hesitate, Bitcoin's price is expected to be morw expensive in the future, so just invest to it.

As we can see bitcoin price is falling and it is the right time to buy bitcoins.  Yes it is slighly risky of losing money in investing in bitcoin but you need to overcome this fear.  Investing in bitcoin has high chance to makes us rich so invest if I were you.

well nobody knows when it will recover, it might be couple of days, couple of weeks, months or more. But eventually it will recover that is for sure. And if you do panic selling now, you will really regret. just be patient and don't be trapped!

When compared to USD, bitcoin is a far secure currency free from deflation.Since bitcoin price has almost reached its older price range before ATH, it would be the best time to invest in bitcoin.

Bitcoin is not a fiat currency and its a decentralized currency which works only in internet.Its a risky investment but its free from deflation but USD is subject to deflation.

USD is in its last stage as a global reserve currency and bitcoin is the future currency.

Not taking a risk is even a greater risk, despite the crypto market fluctuations, bitcoin still stands out. Purchasing bitcoin is a worthy investment, just keep monitoring your investment and watch it grow.

    Yes,you should purchase bitcoin now while price is getting lower because we really dont know,maybe sooner or later price will climb back again. Bitcoin price is volatile and it changed rapidly. So,don't waste your time just looking at the price,do your moves,buy now then hold and invest in bitcoin to gain more profit someday.

Bitcoin is a digital currency and yes there’s a risk of losing money specially when you keep doubting about the technology of bitoin and you will end up selling at a loss when you keep on listening on a FUD news. Try to learn more and study the market, and you will surely ended up with a good decision.

Buy now dude or cry later. You will not see Bitcoin at 8k anymore.

I agree with your opinion, we'd better wait and be patient with the conditions of today, this will be a long walk, but I'm sure maybe mid-year bitcoin will recover, and even be more than $ 45000 at the end of the year, so we'd better have to buy more bitcoin today. do not worry and do not be afraid!

I got my last major bitcoin purchase at when it was 7k that flip when it hit 19k.  At which time I cash out to other ALT coins when they would penning per coin and now even those coins are worth more than my original purchase price.   Now consider it took like 2 years for this boom to happen but that was because everyone became aware and started buying like crazy.   This hold Tether scandal has newbies running scared.  So market takes a dive as expected and season vets will capture this moment.

This is just my personal opinion.

Should you buy bitcoin? If you try to find a solid answer to this question, you will probably just end up more confused. Answering the question means guessing where the price of Bitcoin is headed, and nobody who is being honest actually knows. So may I humbly suggest that asking if we should all buy Bitcoin is the wrong question, and that we should ask a different one instead. The question is does buying Bitcoin fit into my investment plan? That is a much more important question and one that we can all answer much more easily. It places the attention on the process of investing correctly and not on the outcome of events that we have no control over.

If you are thinking about purchasing Bitcoin, I recommend you not to thinking only in Bitcoin, but other important cryptocurrencies: Ethereum, Litecoin, Ripple.

Try to be as diversified as you can and don't put all your eggs in one basket.

It's up to you if you purchase bitcoin but for now I suggest that you should purchase bitcoin if the price is $2000 and below.

What is harmless in this world? You are in danger even when doing the simplest thing in your life, Save your Fiat money under the mattress, you risk being robbed or someone burns the mattress that your money is in it ... but invest in bitcoin you can get 2X but this will take a long time.

Others have done a great job of answering your question with regards to bitcoin mining, and bitcoin hedging. Something that hasn’t been mentioned here is investing your bitcoin, and earning interest on it, through p2p lending.

These are fixed income investments and (on the whole) provide far more security than price speculation. Basically, people with bitcoin can lend to people who need funding. This could be to grow or start a business, make a large purchase, or refinance loans.

No..bitcoin is not fiat.Fiat is that which is controlled by a government or other authorities and which can be used within a country.Bitcoin is a digital currency.It is not fiat.You are the owner of your bitcoin.It cannot be controlled by other.It is decentralize.

Now the price of bitcoin is on a crash.You can purchase now.It's a good time.If you only hold them and wait for the time of it's rising,we can get huge profit.

Sure it is up to you, but this will be a very smart investment. You do not lose anything, and you will get the coolest profit after awhile. However, take your decision independently.

Hahaha, yeah it's true bro. The way to keep our money is only keep in under your bed. But, it can lose too if our mother seeing ours. LOL

agree, if I invest anything I have to ascertain whether the investment is good that we will use or not. and I'm sure bitcoin investment is very promising in the future, even if the price goes up and down our risk as an investor.

im waiting for a little bit to go down the market rate than i will buy bitcoin :)

Yes you should purchase bitcoin now, while its still low, so that when it goes back up. You'll get more from what you invest into it. I assure you! You'll get more once it spikes back up its value. This is the perfect time to buy some bitcoins. Invest Now. Earn Later. You should not be afraid to invest now, cause its the perfect time to invest in bitcoin.

At the current situation you should not buy any coins because the value can go down anytime.

Investors should understand that bitcoins are not just a risky, but a high-risk asset. On the one hand, bitcoin can be considered as a currency and at the same time as a new payment technology that appeared during the globalization of the economy as a response to the evolution in the field of modern technologies. However, there is still no understanding on which criteria bitcoin should be evaluated and how much it should cost. At the moment, its price is growing because of the high demand supported by the boom of high technologies.

Yes Bitcoin is worth purchasing now especially as its price has greatly crashed. Its worth purchasing now before it skyrockets.

If someone really has this plan of buying bitcoin on his mind, now is his chance to spend in bitcoin. Better is to say, this is the golden opportunity to grab world’s most expensive digital asset. Bitcoin has a long way to go. It is just in the beginning era. With the passage of time and development in technology world, the traditional money system will evolve completely one day in the future. Then bitcoin will become the symbol of elite class.

That is a good idea. The dip is where one should buy if they are willing to invest in any crypto currency and has high hopes for it. This period is the when the dip has happened and the market is somewhat stable and hence a good time to buy some new coins. Hold them to sell when the rise happens.

Well for beginners I would suggest only bitcoin. That too when the prices are low. Altcoins need more research before investing in hence bitcoin is the safer bet to get into.

I would. Depends what you want. Do you want to make more money? Then you should probably go into a low market cap coin because you will make more than with BTC. If you believe in BTC. hold it.

If you want to try investing now, try the CS Monitor project it pays out.

You should make up decision on your own. There are many people here who will only tell you that you should invest in Bitcoin because you will eventually profit. That's wrong. You should invest in Bitcoin not because you want to profit but also because you believe that it has the chance to replace current banking system which is afraid of Bitcoin. There are many articles about Bitcoin, make sure that you don't read bank propaganda which tries to convince us that Bitcoin is a bubble because it is not worth anything. We could describe fiat (dollar, euro etc) in the same way.

Be defined for what purpose you want to invest. If you are attracted only by earnings that altcoins will approach more.

Of course you have to buy bitcoin if you want to get bitcoin profit, but if you rgu with bitcoin better you do not buy it because maybe bitcoin will make you loss if you hesitate to buy bitcoin. But too risky to buy bitcoin because we can not predict the price of bitcoin.

The choice of investing in bitcoin is depends on each and every investors because the success and loss are faced by only him so if you want invest with the developments of bitcoin you will definitely invest or if you don’t want don’t do it .

I would say that if you don't buy the bitcoin then you will miss lot many things in your life. Bitcoin is more than fiat currency don't compare it with the real fiat. The real fiat is bounded with many regulations and it can not improve its market cap with the time, it will always be regulated so it will be limited. But in case of the bitcoin you get the advantages of unlimited rise in the market cap and thus the prices for the same can get increased over the time. With this process you can actually earn lot of profits and earn money that you always wanted to have.

So im sure that you are not in any kind of danger. Just go ahead and fulfil your wallets.

It's never too late to get involved with crypto or bitcoin. Fiat will not end in the next few years. But crypto, on the other hand, will certainly be more important and some sources claim that the cryptocurrency capitalization market will increase in value. Blockchain, the technology behind bitcoin, is starting to grow in many industrial sectors as well.

When you're purchasing bitcoin you should wait for the right time. The right time is when the btc is low, then when it goes up sell it.