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China is one of the leading in developing its own digital money, not sure if it has something to do with why they regulate crypto ever since
Illicit activities are still detrimental; I think they want to have control in every situation.
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It is still our choice of preference; you could use it for accumulating your goals savings then sell it.
You could also invest it for long-term gain. Bitcoin is still young; more platforms will adopt this technology as an alternative payment method.
If the time comes, it could be a convenient asset for doing transactions. KEEPING IT is still a win; the value will still increase in time.
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Bitcoin is Bitcoin, it might be an old technology, as other people say, but it still does its purpose.
I agree that it lacks in something and additional function could be helpful.
The competition is still present, most altcoins will be dead in the future for sure, but those with great asset value will thrive.
If this technology did not live the expectations, it wouldn't be popular in the market.
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Real investors are here for a long-term gain; some even add more quantity to their portfolio when the price reached another dip.
HODL is really not always the best option, the price is unexpected, and we might need funds for cashout.
Just invest the right amount that won't risk your financial security.
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Bitcoin might not multiply 500x since we have reached a 5 digit value, but we can still gain a great amount of profit by saving it now.
Still, the risk is present; we can see how influence can control its value. Expanding your portfolio could be a safer choice.
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Crypto and Stocks have similarities. We want a part of the bread. The difference I see is that Crypto still has to prove something since they only depend on the market itself, while Stocks can have a stable trust due to their great image and popularity. You can invest on well reputable and trusted companies.
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The only long-term threat I know of is quantum computers, but it is still impossible to crack crypto right now.
Shutting down is a much bigger challenge; the worse I could think of is the idea of bitcoin losing its credibility due to manipulation.
No such information provided that killing BTC is possible.
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This the best a China dump news part three can do? I'm so disappointed in the bears or shorters, or whatever they want to call themselves these days. If a 1-billion strong country bans Bitcoin on the back of influencers falling out of love with crypto, and best the market can do is test $30k, then I think we've got nothing to worry about. Meanwhile, Chinese influencers be shilling the heck out of "Defi"  We've been there so many times when they've tried to regulate crypto, but we still recovered. It also possible that more Chinese can shill the use of Cryptocurrencies. if they can bypass internet restrictions, they could still influence others to use it. |
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Holders hold their coins for a reason; it's for long-term gain. this only affects users using BTC for day-to-day transactions.
Don't sell for negative profit, holding time will be wasted, the buying price is still high, you might not get the same quantity of coins if you sell them from panic.
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We can survive this, it could take longer to recover the losses, but there are still so many possibilities considering how huge our community now.
Keep HODLING your coins, don't sell for negative profit.
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You should still be financially secured after investing that amount of money. 3BTC is huge money to risk.
It would be good as long as it doesn't give you uncertainty and anxiety that could be detrimental to your financial decisions.
Money can be psychologically manipulative. The best choice is to look for a financial advisor; 100k is no joke.
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The bank works by circulating their money. I think it would be hard for Cryptocurrency to do that.
The price is volatile, so investors, lenders, and borrowers would have difficulty adjusting to the system.
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Most of these investors found out about Bitcoin from a claim that it would give them profit. They don't have enough knowledge about how the community works. It really possible that these big influential personalities could control their decisions.
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Those who advocate hodling, when do you cash out?
I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?
It depends, it could be an investment for the long term or emergency funds in the future, but I still consider it to circulate, bitcoin can be used in so many ways, the demands are high, people look for it. use it as an advantage and grow the money. |
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The price of Bitcoin 6 years ago was almost stable; we waited for years to get a hot strike; it only happened because of the development of multiple coins that want to compete with BTC. Now that we see the rise of Non-Fungible Tokens, the resurgence might happen, and we will reach the new ATH.
Things might flow much easier due to the increase of investors, but we still need to be patient.
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It's the risk for me; fiat is a secured choice as we were conditioned to the traditional process of investing and holding our funds.
As we are still adjusting to this new digital technology of finance, we are still prone to make mistakes.
I also hope this technology could end some generational problems within our state system; that's when I can say that Bitcoin is better.
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We can say it's a currency with a quality of an asset; bitcoin is more flexible than any currency on the internet.
Digitalization makes businesses operate on the internet, creates more interest, and makes bitcoin useful as a payment exchange for services and tasks.
It can generate profit by just buying a part of it. The fact that it is volatile, but Bitcoin can be traded to fiat right away.
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Bitcoin actually has no value, it is only in the form of stocks and investments. In simple terms, Bitcoin can be imagined as a digital version of cash. In simple terms, Bitcoin can be imagined as a digital version of cash.
I also see it as a digital version of cash, but there's more to Bitcoin. You can play with it to get profit, exchange for products and services, and transactions are more efficient. That's why more developer is designing something to make this technology applicable to many platforms. The scarcity and demand will give the coin more value. |
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