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Bitcoin is not anonymous, it is real; However, we do not know the name and address of its inventor. Each bitcoin is stored in the wallet address of different owners through blockchain technology. However, the personal data of the owner of the wallet address is not known to one person or another. It is not possible for anyone to know the location of the wallet or the owner with whom you will be transacting. Only all the information including transactions in one's wallet can be seen or known.
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I think Covid 19 had a positive effect on Bitcoin. Many countries now have normal health practices, but in the early stages of the epidemic, most countries have a lockdown, leaving people homeless and unemployed; Then a lot of people look for work online, many get involved with crypto. I myself used to spend 13/14 hours a day in crypto where I used to spend 2 hours a day. I believe many more like me would give time, invest; As a result, investment in crypto is increasing and flourishing. As a result, the world's economic situation has deteriorated due to the ongoing epidemic, but the cryptocurrency is gradually advancing and surpassing all past records.
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Honestly, the government does not kill BTC because it does not have the power to kill. BTC is a decentralized currency, with no government control over it. Already, several countries around the world have legalized BTC, which is playing a huge role in their economies. In my own country, BTC has not yet been officially recognized, so we are not able to use it publicly. The government has not been able to stop the use of BTC. The number of its users is increasing day by day.
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Even if big countries like America and China develop their own blockchain systems in the future by creating their own digital currencies, I don't think it will be able to challenge Bitcoin or other cryptocurrencies. Because if they have their own currency, it will be centralized, they will be regulated by law; Bitcoin or other cryptocurrency, on the other hand, is decentralized, not regulated by any particular country or by any law, so people have more confidence in it. Even then, if their digital currency comes into the crypto world, I think it will be the same as other cryptocurrencies, including the current USDT in cryptocurrency with Bitcoin, which will not harm Bitcoin or other cryptocurrencies.
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There are many reasons why people avoid Bitcoin -
Most people in the world do not know about Bitcoin and do not know how to use it. Bitcoin transfer is easier than transferring money from a bank, but it is not so easy for those who do not know.
Infrastructural problems. The person you are transacting with must have a wallet to keep BTC but they are not required for cash.
Many countries around the world have not yet legalized bitcoin transactions. Many people use Bitcoin for fear of legal complications.
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This is a very human tendency. When things are doing well, they want to get in. When things are doing bad, they want out of it. That is the kind of attitude they are showing in their daily lives, even in Bitcoin. Or I mean the kind of attitude of the crowd, me included of course. That is why many of us are unlike the billionaires of this world. The billionaires are taking risks. While the rest are dumping with panic, they are acquiring with ease and cheap price.
We often want assurance. We want to buy while the price is increasing. This is I guess what is hindering us to gain big time.
Yes, you are right; I have also noticed that most people have the same tendency whether it is stock market or crypto market. However, it is more noticeable in cryptocurrency. When there is a market dump here most investors start selling tokens in panic, causing prices to fall sharply; If the price goes up again, then the market goes up quickly. As a result, most of the investors, except the big ones, suffered losses. So in order to keep the market stable, to avoid losses, I think everyone should have a tendency to buy more at dumping and sell more when prices rise. |
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In fact, there is no comparison between gold and crypto. Because gold has a shape and form but crypto is a digital currency that cannot be seen. Both are again a means of investment. Gold is a legal and recognized means of investment around the world. On the other hand, cryptocurrency is not legal in most countries of the world. Crypto is more risky than gold, but some cryptocurrencies, including Bitcoin, are more expensive than gold. So from that point of view I think crypto can be more valuable than gold.
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It's not just the bounty hunters who are responsible for dumping YOUC prices; Because even if they do the same thing for all the projects, why the price of all the tokens is not dumped like this? Firstly, the token supply of YOUC is high, secondly, all are listed on low volume exchanges except BitForex, thirdly, the project team could have taken any strategy before the token distribution, which they failed to take. Even then the market has recovered somewhat for the team to become more active. Now if they can list on any of the large exchanges as promised, the price of YOUC will soon return to normal.
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Blockchain is an important discovery in the digital world. The number and demand of blockchain users is increasing every day. Blockchain technology is being used in banks and other financial institutions around the world; The use of blockchain technology is also being introduced in the banking sector in our country. Blockchains are widely used in cryptocurrencies. There is a dearth of suitable people in this sector in our country. Hopefully, educated and energetic unemployed boys will be able to build their bright future through blockchain.
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I personally prefer both Trust Wallet and Binance Savings Account; But none of this seems 100% safe to me. Binance was hacked once and other exchanges are often hacked. In my opinion, instead of keeping all your assets in one place, whatever you trade with, keep it in a small savings account. Keep the rest of the best, including the Trust Wallet, such as a hardware wallet or some non-custodial wallet or some bitcoin wallet in an open source wallet such as a samurai wallet or an electrum wallet.
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Most of the projects these days are not profitable to invest in ICO, IEO. It is seen that within a few days after listing on the exchange, the price of most tokens falls below the ICO or IEO value. In 2/1 projects like DIA tokens, I have seen that their tokens cost more than ICO or IEO value. So I think before investing in the ICO or IEO of a project, be sure to know the details of that project and invest or invest in the old top currency so that your risk is less and you expect profit.
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Currently Bitcoin transaction fees are satisfactory. I think in a decade or so later Bitcoin's payment protocol will probably be more polished and usable so that the fees are not likely to be higher. Because it will discourage bitcoin users from using bitcoin. So it needs to have some solution like LN or reduce miners. As a result, there will be no need to increase transaction fees.
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Bitcoin is not legally valid in my country. So I can't use my earned bitcoin on banking channels or in public. I usually sell bitcoin through my known resellers and receive money through bKash or bank.
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In order to sell the ERC20 coins you have, you need to find out where the developer of those coins will list or did the project; For this, he has to search for the project through various social media including Telegram Twitter. You can also check your tokens on listing websites like CoinMarketCap or CoinZeco. However, if you are not listed on good and trusted exchanges, you will not get a fair price for coins.
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All investments have more or less risk, but the risk in cryptocurrency is very high. Just as there is a possibility of a sudden increase in profit, there is also a possibility of a greater loss. For example, in 2017-2018, the price of Bitcoin, which was in 2019, decreased several times; Which so far he has not been able to reach the price. What if someone had invested in borrowing at that time? Just imagine. So I would advise, don't invest in borrowed crypto especially bitcoin. Invest as much as you can afford.
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