I believe that it was inevitable, it's something that is very much used everywhere around the world already and should be considered as important as it gets. I get that people may not feel the same in most cases but that is the situation we are in right now and need to be understood perfectly well.
Oeople are already aware mostly, but companies do not have any type of mechanism where they can continue without caring about crypto or looking at it. Specially ones like paypal where they are directly correlated and they are a payment company, if they keep on ignoring it, then it would have been bad for them and this is why they have taken a look at it and doing something about it in order to get the attention people have towards crypto.
It is that cryptocurrencies have become so popular in the world that it was obvious that many institutions began to use them, even though in many countries they cannot be used freely due to the legal restrictions that remain, these same territories have decided to implement their own system using this type of technology for their own benefit trying to create their own digital currencies, but with the difference of being able to control them, sooner or later they will realize that despite the fact that this option is not so bad, people will continue looking for the decentralized in order to have freedom, so banks and other institutions that carry out transactions will end up choosing these cryptocurrencies that can give them a better benefit, specifically they will be redirected to bitcoin as it is the most potential and with solid foundations and of course for having the better significant value the most demanded. |
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Wealth can and should also be in the form of knowledge. Plan on how your heirs and next of kin should have knowledge about bitcoins and know the benefits, so that asides just leaving them with bitcoins, there will also be the knowledge which cannot be exhausted that you have left and shared with them. It will no longer be your problem how your heirs decide to spend or use whatever they get from you since you will be dead, but at least letting them know the importance of what you have left them because of the knowledge they have will help them make better decisions about what has been left for them. It is not only important that they know how essential what they have been left is, but it is also important to instill in them how to make sure that this does not end and continue to grow, since normally parents leave everything they have in their hand accomplished of their children and do not consider if they have had the necessary education to take this responsibility that would allow them to continue with a stable life, so they end up wasting and being in ruins after a certain time, for the simple fact that they not were teach how to manage financially, it is for this reason that before thinking about leaving them an inheritance as significant as bitcoins would be, it is best that you integrate your children into this world and teach them why it is so important to continue working so that these assets can bring them benefits in their future, and this can be done by giving them the opportunity to generate their own earnings. |
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From the article you mention, I highlight a concern that I have always mentioned here in the forum and in my life "the lack of financial education and understanding of monetary systems among the general population" This leads to people not being aware of the problems that Bitcoin and other cryptocurrencies seek to solve, such as inflation, centralized financial control, and lack of privacy in transactions… This is why many people lack a deep understanding of the problems inherent in fiat money and how this system can affect privacy and the financial freedom of individuals.
In recent months I have given myself the task of teaching my relatives a little more about Bitcoin, so that they adopt Bitcoin with a solid understanding of the problems of the current monetary system and thus encourage them to seek more transparent and decentralized alternatives, in order to of financial freedom and protection of your privacy.
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Bitcoin has certainly captured the attention of many people as a potential way to build wealth, especially due to past success stories. throughout my life… But I have the mindset of not just investing there. That is why I want to emphasize the importance of promoting financial education and diversification of investments, for me the latter allows reducing risks by distributing capital in different types of assets, which can help protect against the volatility of any market in particular. I must say that I also agree that it is essential to teach the younger generation about a variety of investment options, including Bitcoin, but also other opportunities such as real estate, traditional businesses and other tangible assets… There is some degree of security, at least from me in an investment that I can see directly, but in the same way Bitcoin is not a secondary investment for me, as I said "I have it among my best investments"..
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From my point of view, the notion of starting with a short term plan and later migrating to a long-term perspective, derived from an introspective reassessment, which exemplifies maturity in financial decision-making… In response to your question, I would say that improper forms of hoarding are unmasked at the intersection of impatience and lack of understanding. .. An eagerness to keep up with others and a lack of financial education can trigger rash decisions. Which is why I would advise that it is crucial to banish irrational impulse and embrace an informed and balanced approach…therefore understanding that Bitcoin accumulation is a constant learning process and alignment with realistic goals is critical to avoiding malicious financial traps .
Finally I will say that embracing an informed approach, free from competitive pressures and tailored to individual circumstances, can forge a stronger and more sustainable financial path in the exciting life of investing in Bitcoin.
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hey im new, what is the difference between bitcoin and bitcoin cash? can anyone explain in short words?
Bitcoin is written as Btc while bitcoin cash is BCH As you're told already, bitcoin cash is altcoin while bitcoin remains the same decentralized and first digital currency, they only have a common similarity being cryptocurrency but are different things entirely, another difference is that bitcoin was introduced by Satoshi Nakamoto which is the first and decentralized digital currency, the entire story that led to the creation of bitcoin cash will be more enlighthened here https://www.investopedia.com/terms/b/bitcoin-cash.asp#:~:text=Bitcoin Cash was created in,rise between 2009 and 2016. Not only do they differ because one is the original and the other is a derivative of it, there is also the fact of the size of its blocks, while bitcoin has a capacity of 2 MB, the other reaches 32 MB, which determines the number of transactions that can be made per day, analyzing this it can be deduced that bitcoin would be limited to a small number of these transactions compared to BCH, as indicated in the article you point out: Bitcoin Cash was created to allow more transactions in a single block, which theoretically reduces fees and transaction times This is an advantage that it could have in favor, however, despite this, it is still a fork of bitcoin, which causes its value to remain low due to the little demand it has, which in itself would be what could help increase its price, so despite its capabilities and improvements, it has not managed to meet the expected expectations, like the other cryptocurrencies, bitcoin remains unsurpassed the confidence that bitcoin has come to issue to its users does take strength and difficult to reach or even match. |
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I admit that the real estate market can offer solid investment opportunities and diversification for those who understand the market well and are willing to dedicate time and effort to research and analysis… Well, the commercial market can be lucrative, but it can also be more complex and risky. than the residential market... Commercial properties may have higher returns, but may also require more active and specialized management. In addition, investing in land can be more speculative, since it does not generate direct income streams. . But… Land values can increase over time due to factors such as urban development and land shortages in desired areas.
But with all this I feel that there are better investment methods... I am not saying that it is a bad option but it is not the only one that can make you prosper and have great profits, since this type of investment carries risks and requires in-depth knowledge, an careful planning and effective management… I have always said that each investment strategy has its own advantages and challenges, and I think it is important to evaluate them based on your financial objectives, risk tolerance and above all your personal situation.
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3. Bitcoin has become accepted as a store of value
Most individuals believe gold is a store of value. When Warren Buffet says gold has intrinsic value, he means the asset itself is valuable.
Buffet doesn’t believe Bitcoin has intrinsic value. But it does because BTC investors, and the nation of El Salvador, has decided it does.
El Salvador made Bitcoin legal tender. Nations back up their native currency with gold, silver, or other precious metals. El Salvador backs up their currency with Bitcoin.
Gold indeed boasts an intrinsic value of remarkable purity. It emerges as an investment archetype that approaches near-perfection when it finds its place within an individual's portfolio. Yet, the exalted worth of gold is somewhat overshadowed by its decidedly non-portable physical form, which, regrettably, could potentially imperil its possessor. The physical security layer, in its current construct, fails to match the robustness of its technological counterpart. This disjuncture implies that the specter of pilferage looms over the gold holdings of common citizens, not only jeopardizing their material wealth but also endangering their very lives. In stark contrast, Bitcoin presents itself as a digital asset, cloaked in a security matrix of considerable intricacy. This novel asset model boasts an accessibility that transcends geographical confines, save for the encumbrances posed by governmental regulations. One can carry the quantum of their BTC holdings with ease, encapsulated within a smartphone or enshrined in a portable physical wallet. Yet, when it comes to toting tangible gold, one cannot help but entertain concerns about safety in the public domain. While digital manifestations of gold have arisen, they often entail the involvement of third-party intermediaries, undermining the pure investment intent. In essence, both Bitcoin and gold are adorned with their distinct virtues, each standing tall within its own realm of excellence. Bitcoin has revolutionized as an innovative technology, gold, on the other hand, has existed for decades, but when comparing them you can see the potential of both to be extremely profitable as an investment, it is true that they have their own qualities that make people interested in them, but I believe that bitcoin has had a greater impact despite being new, and the latter is exactly what has impressed and makes it have a certain advantage against gold, the fact that in such a short time this asset has reached having such a high demand and value in the market may be the main reason why it is being desired by many, the other reason is obvious, and it is the purpose for which it was created, many seek to be able to manipulate their money without the need to have restrictions from banking entities on how and when to use what belongs to them, bitcoin guarantees them that freedom. |
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I imagine that if Bitcoin adoption continues to grow globally, we could see increased demand, which could lead to an increase in its market capitalization… The entry of financial institutions and large companies into the Bitcoin space could also have a significant impact. On the other hand I feel that Government regulations in different countries can affect the adoption and value of Bitcoin, these could boost growth.
Another factor that could have a considerable impact on bitcoin's market capitalization would be the deflationary nature of Bitcoin, with a maximum supply of 21 million coins, it would manage to influence its value as fewer coins are mined over time. Besides halving events, which halve miner rewards, could also have an impact on supply and demand. Whatever it is, many of us hope that it will reach a high enough capitalization to satisfy our expectations.
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The simple reason Bitcoin is a good Store of Value is because the values, assets or bitcoins stored on the system are shielded from the inflationary problem that is characterized by fiat currencies.
In that aspect you are right, that is why bitcoin could be taken into account to be a store of value like gold, its security and being immune to inflationary problems make it an excellent candidate, but we cannot ignore the other factors that determine if it is good enough to help countries overcome their crises when they need it, stores of value are extremely necessary for a nation, as this allows them not to completely decline when faced with debts or any another economic problem, so they need an asset whose value instead of fluctuating is maintained and increased, so taking the latter into account, it could be said that bitcoin is not a very good option for this part, but it is for other areas, such as exchanges and investments, that is why governments should reconsider giving it a chance even if they do not use it as a reserve, since if each person can manage this asset, it will probably benefit the territory, helping it to progress and improve the economy through its citizens….Bitcoin can bring very good results as long as you know how to use it correctly. In an article I recently read, the way in which bitcoin influences countries is detailed: Source: https://cointelegraph.com/learn/how-can-third-world-countries-counter-inflation-using-bitcoin |
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Bitcoin decentralization have contributed to it scarcity and security. all of this which are factors that influence it's value.
How does decentralization decide Bitcoin scarcity? It relates to security but not scarcity that is decided by the initial design of controlled supply by Satoshi Nakamoto. in conclusion, Bitcoin value is derived from its decentralized nature, which is closely with it's ideal, and any move towards centralization could fundamentally alter it's core and diminish it's value proposition.
If Bitcoin becomes centralized, it won't lose all its value. Have less value or zero value will depend on many factors and not easy to say now. Altcoins like Ethereum, BNB still have their values which are lower than Bitcoin value so I believe Bitcoin value won't drop to $100 or $10 or $1 just because it becomes more centralized. How is the 21 million Bitcoin cap defined and enforceIf Bitcoin becomes centralized, it won't lose all its value. Have less value or zero value will depend on many factors and not easy to say now. Altcoins like Ethereum, BNB still have their values which are lower than Bitcoin value so I believe Bitcoin value won't drop to $100 or $10 or $1 just because it becomes more centralized. In reality I think that if, the fact of becoming centralized could affect the value of bitcoin, something that is quite difficult, the truth is the way it was created is such that in all this time that they have tried they have not managed to do anything , just adapt to what it is, and look for ways to cope with this currency that has totally revolutionized the financial market and has helped many people who decided to trust bitcoin to recover and remain stable from the inflation that certain countries maintain. Now if in a hypothetical case this happens and they find a way to centralize it, it would cause a kind of notorious decline, since most seek this for the simple reason that no one besides the one who owns the bitcoin can control it, if this changes it will no longer they will see bitcoin in the same way, since the people who probably caught their attention would lose interest, considerably lowering the demand and therefore the value of the BTC. |
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I believe that most business owners will prefer to transact money transfers with their customers directly without using an exchange, that will be a third party, and you'll have to pay this third party or middle man money for his services, whether you like it or not. In cryptocurrency, we have many ways to safely resist ay third party influence in what we do as long as we have the knowledge on how to go about it, bitcoin is not what we can just assume to be thesame as the way we treat other cryptocurrencies which are centralized, using bitcoin privately begin with the kind of wallet we use, many people will create a crypto account and take that as wallet from the exchanges they use, while some will rely on other people in helping them through what they would have learnt to know by themselves. I think that for a person who uses bitcoin the best thing to do is to make these exchanges by himself, without the need for help from a third party, because I consider that this would be a bit counterproductive for said individual. It is true that these platforms provide very striking features, but there is no way to avoid this type of method, for the simple fact that it might not be as safe as you think, although I am also clear that if you are not knowledgeable or skilled in doing it on your own, You could choose this other option yourself, that is, it could be taken as plan B. In any case, they are not bad, and as all services of this type have their risk, so it is best to use something with which you feel comfortable, and Of course, they have a decent reputation to avoid bad times, without lowering their guard, since a failure can exist at any moment... so, in conclusion, the use of an intermediary is based on choice and how the person feels with said platform. |
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Although cryptocurrencies have gained popularity and have influenced financial technological innovation, so far they have not managed to significantly weaken the global financial system. It is true that some nations have adopted cryptocurrencies for specific purposes such as you mention “the Petro in Venezuela”, but its adoption and effect on the world economy remain limited... Why? Because cryptocurrencies are often considered high-risk and volatile assets by many people. So the widespread adoption of government-issued cryptocurrencies could bring changes to the financial system, but these changes would not necessarily weaken mainstream economies. Instead if weakened, the implementation of digital currencies could improve the efficiency of transactions and regulatory oversight.
I have a thought that we are likely to see a co-existence between government-issued digital currencies, decentralized cryptocurrencies and the traditional financial system in the future. I have been seeing that governments and financial institutions are working to find a balance between technological innovation and the regulation necessary to ensure financial stability... I hope that happens.
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It is certainly unfortunate and reflects a problem that has become increasingly common in many cities around the world, especially those with a tourist appeal and an increase in demand for short-term rentals. . One of the ways to resolve this uncertainty would be for local and national authorities to implement regulations and policies that limit or regulate short-term rentals. Some cities have already begun to implement restrictions on property rentals through platforms such as Airbnb, limiting the number of days a property can be rented to tourists. Another possible solution that I see is that the government and local authorities could promote the construction of affordable housing for local residents. This could include investing in social housing projects or implementing incentives for developers who build affordable rental units.
As for the personal decision of how to deal with this situation, I would prefer to pay for quality housing. Other people may look for alternatives such as cooperation with roommates to share costs or other strategies ... the same whatever choice the person makes will depend on their financial capacity and their personal needs.
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I say that the relationship between the price of Bitcoin and its adoption is not direct or linear… Well, while a higher price can generate interest and attention in it, the global adoption of BTC is influenced by a number of factors, such as its usefulness security, regulation, ease of use and public awareness. It is true that as the price of Bitcoin increases, it may become less affordable for the average person... But, Bitcoin is divisible up to eight decimal places, which means that even if a person cannot buy a whole Bitcoin, they can buy small fractions, known as satoshis, allowing greater inclusion and access to investment in Bitcoin. I feel that the future of Bitcoin and its worldwide adoption depends on a complex interplay between financial, technological, regulatory and psychological factors... Although price is an important aspect, it is not the only factor that determines long-term success and adoption of Bitcoin as I said above. .
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It's been over a year since the war began and it's quite shocking that the war has lingered this long. No one predicted the longevity of the war. But this is where we are and as it seems with all the unfolding drama the war has brought to the Russian economy and military, things might longer than we expect.
Looking at the effect the war has had on the Russian economy, I think it all struggled at the inception of the sanctions placed on them by the U.N, U.S, U.K and other powerful countries. However, things have flipped dramatically in favour of the Russian government to some extent as they have been able to form some sort of economic alliance with top energy producers globally including China and Saudi Arabia. These moves have to control favour the Russian government in the area of energy supplies and this stabilised the Russian economy.
More interesting developments may unfold. So, let's expect more twists...
Actually predicted this to drag out for long until one side relents and quits cause there's no way they'd both give up their stands. Russia's living in their delusional world where they think Ukraine's still part of them while of course the now sovereign state of Ukraine is fighting for their freedom. Economy can wait, they have allies that will help them fund and further their battle, plus at this point in time Russia's already forcing a huge portion of their male population to sign up to this needless war, so manpower wouldn't be a problem to them. Just a few months ago I saw some news about Saudi buying Russian Gold, there's that too, plus a country which I forgot was also found to be financing the war on the side of Russia, there's a lot of things that are causing this war to drag out this long, it's not a matter of when they would stop, it's a matter of how. I really don't understand why countries promote wars so much, even though the attacker may benefit from it, they create a lot of shortages, famine, harm both their citizens and those on the opposite side, that is where he asked me that is the humanity that we have?, everything is really based on money, because during this confrontation, for example, the arms trade moves a lot, or the foundations that are supposedly in charge of helping the harmed, but i am sure that those in charge of that also take taking advantage of it, they don't give everything they collect, and there are many more organizations of this type that use these events to obtain profit... making them see as if they were necessary. and also, touching on another point that i think is important to take into account with the war between Russia and Ukraine, is that despite the sanctions imposed on Russia, this country is considered one of the world powers and distributes essential products to the majority of their neighbors, so as such, those who are isolated from the conflict have to ignore these sanctions and continue buying said goods, Thus prolonging the war by not contributing to the pressure for them to settle.. thus remaining stable in a certain way, said country. |
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Ohhh how great that you are considering implementing Bitcoin payment systems at your service station to promote and make it known in your area. .. I like it because the adoption of Bitcoin as a form of payment can be a great way to attract a wider audience and educate people about cryptocurrencies. It reminds me of several threads here in the forum that are taking these initiatives to use Bitcoin.
I would recommend you for a maximum level of security, you could consider hardware wallets like "Ledger" or "Trezor" These wallets store your bitcoins offline which makes them very secure against cyber attacks... Another option is to use specific payment gateways, such as "BitPay" or "CoinGate". These two allow you to accept payments in Bitcoin and automatically convert them to fiat if you wish.
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I find it a very realistic and empowering perspective on life and the process of achieving goals. Indeed, achieving the titles, careers and businesses we desire can require significant effort. .. I have always said that obstacles and failures along the way are opportunities to grow and improve and having an open mind to learn from bad experiences and turn them into opportunities for growth is a very positive approach
I think what you say about a successful business is not just about making a profit, but it is essential to address multiple factors such as product/service quality, marketing, distribution and more... This applies to many aspects. of life, from studies to investing and even other aspects of life on the other hand, the analogy you make between the process of achieving achievements in the forum, in business and in life in general, is quite accurate... well, I stress that success does not come overnight and whoever has Achieved Outstanding High levels of hard work, constant improvement, and contribution to others are an important motivation for anyone looking to advance.
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Well, actually there are certain individuals who took it upon themselves to damage bitcoin's reputation when it took flight, there is always someone who does this kind of thing, because we are not going to say that there are no people who do not scam, and do not try to harm For the rest of us, it would be covering our eyes and ignoring its existence, which is why I understand that at the time it was seen in this way, although now the situation is very different, despite the fact that these things continue to happen, and everyone knows about it of bitcoin or well the majority, and they recognize that the currency is not to blame, for what they do with it, now the question is who will dominate it, it is incredible that governments cannot let something continue with its original purpose...But they will It will make it very difficult for them and I could say that it is even impossible to achieve with said fact, bitcoin came is decentralized and free and that is how it should stay.
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The fact that Fidelity Investments is allowing investors to add cryptocurrency to their 401(k) accounts marks a major milestone in the adoption of Bitcoin as a legitimate asset. As for whether I would add Bitcoin to my retirement portfolio, I am serious. a resounding YES, seeing its global adoption, I see it as a positive sign for its future value, besides that I have always liked the idea of owning Bitcoin, I would like to have at least 2 or 3 Bitcoins, it is a goal that I would like achieve. Now I feel that the proportion of Bitcoin that someone would consider adding to their retirement portfolio is a highly personal decision and depends on several factors such as the amount of savings, overall financial situation and attitude towards risk… Some might opt for a small allocation, like 5% or 10%, as a way to diversify your portfolio without exposing yourself too much to the volatile risk of Bitcoin… Others of me might be bolder and consider larger allocations.
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