well it depends on how much money you can invest or what type of investor are you, if you are the passive type of investor and just likes to invest in 1 coin then let it sit for a long while then the best strategy for you is holding. if you are an active type of investor or trader then the best strategy for you is staking, by staking you can play with the amount of money you are staking meaning you can either stake or not.
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i think its not possible for bitcoin to become the international legal tender, because bitcoin's value is so high right now and many countries don't have enough resources to compensate for the value of bitcoin, meaning the international trade will crash because only the rich countries can buy goods and have the asset to be globally competitive in the economic aspect
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young investors prefer cryptocurrency because crypto is convenient to invest in, you will not need any midman or agent for you to invest in crypto. you can invest instantly with apps like binance. crypto currency investment is hassle free and will sometimes yield big profits in just a span of a day or a week. so many young entrepreneurs prefer crypto as an investement
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its good to see that bitcoin's uses are slowly getting larger and larger as more businesses and the government utilizes its function. one day i hope to see that here in the Philippines cryptocurrency will be embraced by both businesses and the government so that many people will have more financial freedom and convenience when it comes to paying for different services and products
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well i think that not all courses should have crypto as part of their syllabus, especially the courses that specializes in certain areas like engineering, doctors, architects etc.. The courses that should involve crypto in their courses should be the ones that specialize in the business areas like business management, accounting, financial administration and so much more.
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the highest bitcoin i ever received, if i remember it right it was 3-4 years ago and this is the site that i earned it too. so the highest bitcoin i ever received that time is 0.75 btc. that is my payment for doing a set of translation if i remember it right. i did a set of translation for 3 weeks and they paid me 0.75 btc. that time i was so happy and i used that btc to trade.
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people mostly panic sell because they fear that if do not sell fast then their losses will only become more. FUD is the main reason that many people that buy crypto panic sell, fud instill fear on the investor making them think that the coin they invested in is not a good investment and will only bring losses. also people panic sell because they want quick profits that usually yields in losses.
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well that was very thoughtful and generous of you. you just made their life a little better, you gave them the knowledge to invest in crypto meaning that they can invest in their future and by doing that you just made 2 people have access to better future and that is some philanthropist work right there.
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it truly represents the future in both the economy and civilization, because bitcoin gives the people the choice to invest for their future and also it gives people the convenience of having assets without using physical bills and coins. having utilizing bitcoin in the economy have a very big potential in the sense that transaction would be more convenient and safe.
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for people that don't have any risk or big money to spend then it is not best to invest in bitcoin now, because the price of bitcoin is a bit too steep for normal people to invest in. instead maybe try to invest in altcoins and do day trading so that you can work your way up and finally invest in bitcoin.
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i truly believe that bitcoin will be more effective in the future, mainly because the demand for bitcoin just never stops and as time goes by many companies and businesses utilize bitcoin for their transactions and many more. so in the near future i am sure that bitcoin will play a big role in our economy.
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well if you have the resources to mine bitcoin then you should definitely do so, because mining bitcoin is worthwhile but if you don't then don't try to mine bitcoin because it requires a lot of time and energy for you to mine bitcoin and having only 1 mining rig is not worth it. but if you have the money to buy bitcoin directly then do it and hold on to it for dear life.
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bitcoin is not a safe haven asset, because in bitcoin you can still experience losses if you are not equipped with knowledge when it comes to cryptocurrency and investing. by equipping yourself with knowledge about cryptocurrency and investing, you can protect yourself from losses and you can maximize your profits.
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the world without bitcoin is just the same its just that bitcoin will not exist. the world will just go on its natural order and the stock market will always be available. the only difference with bitcoin is just that its just another way of investment and just another form of asset. but nonetheless nothing will change even if the world does not have bitcoin.
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bitcoin got the highest level of trust because, bitcoin delivers what it has promised. many people did not believe it at first but as the time goes by bitcoin gradually earned the trust of the people through projects that made it more attractive and appealing. also bitcoin meticulously made preparations for it to have its own market and have its own value.
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well i for one still prefer gold over bitcoin, mainly because gold's market is much more stable than the market for bitcoin. bitcoin's market is very volatile and is prone to ups and downs with its price meaning that you can have more losses than gain while gold's market although it is not as high as bitcoin but it can retain its value and it will only go up because it is a mineral that is not unlimited.
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only old time investors that are not willing to learn about crypto hates bitcoin, because they only like to invest in stocks on wall street but as time goes by many business men invest on crypto more than they invest on old stocks and old time investors hate it because the profit from their investments on those old stocks will gradually go down affecting them drastically. but nonetheless all their hate and fud cannot stop bitcoin from going up because as time goes by the demand for bitcoin is going up as well.
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as of now unfortunately the poor cannot buy bitcoin, this is the problem with bitcoin because it is not accessible for people living in third world countries only the rich and the ones that have financial freedom can invest in bitcoin. this is the sad truth but such is the way of life not everyone can gain access to good life without sacrificing resources, but for the poor they cannot afford to make any more sacrifices.
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in my opinion investing all your asset in bitcoin is madness, especially if you are not filthy rich. because bitcoin's market is volatile meaning it is always changing and is prone to losses. if you are to invest your assets into bitcoin, make sure that you will save some for other investments and also some for yourself so just incase that if your bitcoin investment fails then you will have fallbacks and will not lose a huge amount of money.
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i think there is no specific reason why satoshi nakamoto named it bitcoin, but i think he made it for the reason of not trusting the conventional bills and coins. and i think he made it bitcoin to pay homage to the word "bit" which is widely known binary system that the internet use, since bitcoin is basically what called an "Internet Money".
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