these misinformation is caused by FUD's and other uninformed people spreading fake news, the only way to combat this is to research real information about cryptocurrency, there are many articles in the internet that explains what cryptocurrency really. don not easily believe the heresay of other people especially ones that don't really know what cryptocurrency is.

well bitcoin for me bitcoin is both an asset and a currency, it falls in the category of asset because you can invest in bitcoin and also its price is not in a stable manner it always fluctuates depending in the demand and supply of it, it also falls in the category of currency because you can buy products and services using bitcoin, although the amount of services and products is not that many still you can use it for payment.

the amount of greed humans possess is immesurable, even though bitcoin is not discovered humans will find another resource that they will would love to monopolize and deplete to the point of non extinction. such is the way of humans bitcoin is just another resource for humans to abuse and monopolize.

its not entirely anonymous but most of the transactions are anonymous, they do this for security purposes when it comes to transacting with bitcoin. as we all know the only place that we can transact in bitcoin is through the internet and the internet is full of hackers and other criminal beings that makes your assets vulnerable. so they purposely made transactions anonymous to fool hackers and protect your bitcoins.

i think this is only a FUD so that china can buy the dip again. if i remember they also did this some time ago and still after a while they still allow it, this is just some of their strategies to monopolize the bitcoin supply so that when it comes to resources they have the upper hand than most countries do.

i remember i introduced bitcoin to my friends while playing League of Legends, well not directly bitcoin but this site that you can earn bitcoin. I introduced them to this site and told them that you can use this site to earn a bit of bitcoin. from then on the 4 of use started using this site to earn bitcoin and through that we got involved in cryptocurrency and started day trading on the side while studying.

well i think it cannot resist inflation because the value of bitcoin is based on the value of USD, it does not have any value on its own, so if the value of USD inflates then so does the value of bitcoin. if this does happen then the economy of bitcoin will collapse also the world economy will collapse so let us wish that the value of USD does not inflate.

that's good to hear, that bitcoin's use is becoming more larger and larger as the time goes by, i hope for the future that the use of bitcoin will propagate more and will take its stage on the world economy. but for now seeing things like this makes me happy and proud. as more people use bitcoin the more chances it becoming one of the few cryptocurrency that the world market will recognize

well crypto can result in many bad experiences. but through this bad experiences that we learn. we must learn from our mistakes so that we can lessen our bad experiences especially our losses in money, we cannot fully omit our losses but at least we can minimize it and we can maximize our profits.

as of now bitcoin is the best coin, because of how big the value of bitcoin is now and the amount of services and products you can buy with it, unlike other crypto their uses is still not widely propagated unlike bitcoin. many businesses like tesla approves the payment of bitcoin until recently and many businesses still uses bitcoin as their alternative way of payment. so for me bitcoin is still best coin

well that depends only on the country if they will adapt bitcoin as their main currency, because bitcoin as of now is not accepted as a main currency to trade services and products with, but if they would like bitcoin then that is their business but i think that they should not adapt it because is very volatile and is prone to changing its value in a short span of time.

actually they have been doing this trend for a long time now, not only influential people but also the rich businessmen like bill gates and elon musk. this resulted in the continuous price upward trend on the price on bitcoin, because the demand for it is very high but lately many whales and rich people sold their bitcoin and now the price is in the downward slope.

well bitcoin will surely be helpful for the people in the future because bitcoin will revolutionize the economy and how people handle money. bitcoin can be used for many things like buying stuff or paying for services, the only difference that bitcoin and real money have is that bitcoin can be convenient to use due to its intangible nature.

i think this will revolutionize the world or trading cryptocurrency, but unfortunately this type of transactions are easily tracked and can be a way of scamming people with it due to sms don't have security keys. but if they find a way to improve the security of this kinds of transactions then this will certainly be a game changer in the world of cryptocurrency

there are several countries that are trying to ban cryptocurrency mining due to various reasons, i think the main reason they are trying to ban crypto mining is due to that crypto can be used in illegal purposes and since trading in crypto is anonymous in the web then tracking this transactions can be very hard for them and will only delay the investigation when it comes to apprehending the perpetrators

well it sure is difficult to explain crypto to someone with absolute zero knowledge about it, but if you provide many examples and concrete facts then they will understand what you want to convey to them. but for me the main reason that it is difficult to explain crypto is because people are mostly afraid of it they still think that cryptocurrency is a big scam so they tend to have a narrow sighted view on the topic.

for rich people maybe this is the best time to invest in crypto but for small time investors and upcoming entrepreneurs then not so much, because the value of bitcoin is so high right now and you can't afford to buy one, the best strategy now is to trade coins then work your way up to bitcoin, so that the capital you are releasing is not that much.

many millionaires hate bitcoin because they did not believe bitcoin and they are not invested in it. many young entrepreneurs prefer investing in bitcoin which is bad news to millionaires because no one is investing in the normal stock market meaning that the value of their stocks will start to depreciate in value.

well it solely depends on you, you can either hold it for a super long time or you can take profit everytime the price goes up, it solely depends on you holding bitcoin for a long time means that you have an investment for the future while holding bitcoin for short time and taking profit everytime the price goes up means you like to have money fast

as of now bitcoin mining is not that profitable now because the amount of bitcoin you can mine is very little, and the amount of power and resource you need to mine is very large so the amount of money you need to spend to mine is much more than the amount of money you can mine in bitcoin.