3. Do your own research.
Before you invest it is ideal to conduct a good research. For me ideally when it comes to invest only bitcoin and other establish altcoins could do better in cryptocurrency investment like ETH and XRP.
Each and every one of us experienced getting curious to something that interests us. Bitcoin really gives me hope and I do a lot of research about its importance, benefits, uses, impact, and etc. I also learned how it works in the market and how to utilize it properly so that I can make a lot of profits in a much effective way. I know that newbies are greedy and they want an instant money, but I guarantee you, there's no such thing like that in bitcoin. Hardwork, patience, good decision making and critical thinking will help you become successful in your bitcoin investment so do your thing and make the best out of it. |
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no, it will be exactly the same as the previous one and continue having the indifference attitude towards bitcoin while pretty much the same regulations are forced on any centralized service (such as exchanges) that work with bitcoin.
I don't think that there will be a huge changes towards bitcoin or cryptocurrency when Biden won this election. It is really hard to say but I think that Trump is better for the cryptocurrency while Biden is not that familiar into the use of cryptocurrency in US. But I'm hoping that they are also concern about bitcoin and other cryptocurrency because I know that it is one of the possible ways to help economy grow and recover. Continuous growth of bitcoin should happen in US and I believe that it is not impossible to happen since we are in a pandemic. |
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It is really hard to think of society without a fiat currency because we are living in generation where we are used to pay with both fiat and digital currency. But if bitcoin was used in all of the transactions, then probably it will become the same as fiat, its volatility will not exist and it will just have a stable value. If it is the only thing that can be used for payment and there's no other option then bitcoin will not be the same as Gold that can be preserved its price. Bitcoin will be the fiat in that world and people will just look at it like a normal money.
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I don't think that many customers will be ready to buy something with Bitcoin, but this payment option can make your shop more popular among bitcoiners.
Just make it only a payment option, so that they have still their own will on what kind of payment option they will choose. Allowing bitcoin for payments is really unique and not that common compared to cash that we traditionally use, so possibly it will help your business to become above the rest. Bitcoin community is growing nowadays due to pandemic and people are investing to it because they know that digital platforms is so congested. People are getting curious about the bitcoin's existence in the market and making it as a payment option is really a big opportunity and turning point for your business. |
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Everyone can say bitcoin is a scam, but as Linux Torvalds says "talk is cheap, show me the code"...
If you prove that bitcoin is a scam then it will instantly collapse, but since no one can prove it, then it will not happen. The code behind the coin is what proves it fairness. So, you can try if you want but is a game where you will lose.
Yes, for those who are not familiar with it, they will call bitcoin a scam. People say that an ignorant people will hate a certain thing that they are not knowledgeable about especially if it doesn't benefit them. There are a lot of people who are against it because they think that it is only a fraud, but little did they know that it is really a good source of profit once it is in a good price. If you challenged bitcoin with that kind of mindset then you will probably fail. |
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This has been the unfortunate part of bitcoin for the last couple years. Keep in mind in 2014 there were a heck of a lot less people transacting with bitcoin, so the blockchain was much less bogged down. I think any blockchain out there would have handled it relatively the same way. I'm not sure how much SegWit did or will continue to help, but I do have hope for the lightning network.
We don't what will happen for the next few years because from the bitcoin itself, it is already volatile in the market. So what will we expect from it? But above all, I'm still rooting for a positive run for bitcoin's existence. We just need to deal with the bitcoin's up and down journey in the market. |
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Humility and patience is the greatest tool to being successful, in any endeavor in life. Using this forum as an Example. Without Humility most people won't lay low to read and contribute for quite a long time. Patience is the greatest weapon of a hunter, utilize patience like its a skill. This forum teaches humility, by examining how often you participate in the discussions without causing havoc. If you humble yourself, you will be lifted above all.
Being educated enough and understanding any circumstances will help you to enhance good decision making. Humility is really necessary when you are engaging in something that is worth it and when you make your self successful with it, then that's the time where humility will be shown. Yes, patience is also necessary but when you are not disciplined enough, patience will become useless. It is not stupidity when you let someone do what they want, sometimes you need to understand them. |
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No, bitcoin is not only needed for investment purposes only.
Bitcoin can be used as a tool to engaged in a more digitalized nature or environment.
The thing is that it is only a primarily used for an investment purposes because its price is volatile in the market and can give you a lot of profit.
It is just the same as gold that you can store and hold for a lot of time, the difference is that the price of Gold is increasing slowly, while bitcoin is very volatile in the market.
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Above all: Do research more often, discover new things and know about the old ones before you take part in any..
Learning is infinite, you can learn whenever you want if you are willing to master it. Research is one of the basic fundamentals if you want to engage in a cryptocurrency world because you need to understand most of the things that relates to it. Cryptocurrency is complex, so don't hesitate to learn and explore about its existence in the market. Do a lot of research, when you want to learn? Research. If you want to know a certain term? Research. Doing research will give you answers to your questions. |
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If we create a good topic, we are actually helping the forum earn more money through ads space. The more engaging it is, the more pages are created which also means another ad space. I don't know if each page is sold separately but I bet it's still beneficial even if it's not as advertisers would be more than happy to have their product be seen in multiple pages.
It is not only the earning that matters, it is the learning that we should always prioritize here in this forum. Sharing thoughts, ideas, and knowledges will help us with being updated and familiar with what is happening in the cryptocurrency industry and community. Sometimes in platforms like this, ads really matters the most, it is the way where developers or programmers can get money from. |
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I certainly agree with basically everything you stated above. I think the pandemic brought on a much quicker move to a "digital world" where as if it hadn't happened, it would have probably taken another 5-10 years to get to where it's headed.
This pandemic can make the bitcoin industry grow as people are getting curious about cryptocurrency. Many people right now are engaging on investing in cryptocurrency because they think that this is the possible way of earning profits online. But it requires a lot of knowledge and skills in order to make bitcoin profitable and effective for an individual. I'm hoping that investors should not only aim in holding btc but to manipulate it in the right time and in the right place. Because we all know that cryptocurrency is volatile and I don't want them to become shocked when they learn that bitcoin is not a 100% sure profit. Technological development is outstanding and amazing in a way that you can earn money just by staying at home. |
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Bitcoin is helping us in many ways and it turns our transaction term in a easy process. People are so interested in bitcoin because it is decentralized, fast and secure. Day by day people are accepting bitcoin for their daily needs.
Before, no one expected that bitcoin will exist, so it is really unique for a man to learn about investing on it and use it in many transactions. Satoshi really did a great job about creating a cryptocurrency that has a lot of potential to help the economy and an individual to achieve his dreams. We all know that bitcoin is already popular in the market and it is the most used cryptocurrency in the world. Although it is decentralized, it is a way from the authorities, there are still people who are courageous to invest to it even if it is volatile in the market. Most of us are really rooting for a wider mass adoption so that bitcoin industry will grow more. |
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Right now I would say Fiat is more important for daily usage as Bitcoin hasn't been widely adopted yet and cannot be used as a medium of transfer in all place but that may change in the future.
Fiat is really much more important to use during this time as we pay our bills and goods, but in terms of investment, bitcoin can be much more effective as we engaged in a technological aspect during this pandemic. People are spending so much time in the internet everyday because we are not allowed to go outside without a purpose. That's the reason why most of the people are looking for something profitable in the internet and I think bitcoin is the best thing for that, bitcoin is the answer to their question. They really have different importance to a people especially that they have different platform and value in the society. |
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I find some newbies or lower ranks who really want to rank up but don't think that we are here just to rank up and it's not the what we should focus at all times. We are here not racing to rank up but we are here as a community helping each other and learning from each other. I am also one of the participants in a merit giveaway made by tranthidung. Congratulations to all who rank up to sr. membet rank.
They are just looking for the merit and not really doing what they supposed to do here in this forum. That mindset should be changed and shouldn't be kept because that will not help this forum to grow. Making informative and quality posts is really what we need in order to benefit each other's opinion and knowledge towards a certain topic. A post for merit is really a selfish thing to do and to think here. Btw, congratulations to all the user here that go to a higher rank and achieved what they've worked for. |
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This pandemic is not a hindrance for us to seek for a profit that we want to sustain our needs during this crisis.
That's the reason why most of the investors or businessmen and companies are pushing to reopen their businesses again. This new normal setup is really not hard to do but it just need a lot of time to recover from all of the losses that this pandemic brought to us. We just need to follow the safety protocols and guidelines regarding this pandemic so that we can somehow continue operating businesses even if it is hard to adjust.
Sooner or later, everything will go back to normal and we need to prepare as soon as possible.
This is really a success to us because we adapt depending on the situation and we are the one who are benefiting to it.
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How anyone who Say Can proof Bitcoin is not ponzi?
There is More proof and evidence that it is ponzi.
I Don't mind If its ponzi but i Don't want to exit too late but not too early so When is best time to exit?
How can bitcoin be ponzi? LOL!  It has a limited supply of coins, and no one promises to make any profit... Here are all the new DeFi projects that can be classified as ponzi, but not as bitcoin! It looks like a ponzi because it is not in a mainstream and people still think that bitcoin is a scam in a way that this asset do not have the potential to become profitable. There are a lot of proof that bitcoin is the future currency, it reaches its ATH in 2017-2018 which is really historical for bitcoin investors. Even if it is a decentralized asset, it should be in the mainstream as soon as possible, but the adoption is hard to achieve due to that ponzi mindset they are in. Bitcoin is worth it to invest, you just need to keep yourself away from those scams and hacks. |
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This type of immature behaviour is oftenly seen by peop who aren't aware of internet.
They don't trust internet with their money.
Moreover many people are also there, who thought Bitcoins are the source of Gambling, for which they often advised their own friends and families to stay away from Bitcoin. We have gone a long way and people are not fools to not know about bitcoin, the basic problem with a common man is that if his wallet is lost or hacked he wont be getting his money back. Globally the number of online transactions has increased and how can you claim that people do not trust internet with their money, just compare the increase in the number of online transaction in the past ten years and you will understand the difference. Basically, ignorance is what makes people lose their asset in their wallet easily. If they are unaware towards scammers and hackers then probably they will not secure their assets much harder to prevent being a victim of it. People avoid bitcoin because they think that a digital currency or a cryptocurrency can be easily stolen or hacked from an online or digital wallet that a user utilize. But they should know that bitcoin is much easier to transact compared to fiat that undergoes a lot of process. |
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