Latest posts of: Kodok Bencot

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Quote from: boyptc on October 06, 2021, 08:55:29 AM

Quote from: Sir Legend on October 05, 2021, 01:37:00 PM

Almost 2 years of the pandemic has not ended, when many types of investments fell and were abandoned by investors, this is different from bitcoin, the daily transaction volume has continued to increase since the pandemic and this is proof that investors are turning their money into bitcoin.

Yes.

Transactions made from bitcoin are remaining intact and thus, keeps on growing. The whole world are starting to go back to the usual that we've been doing.

The investments and assets are coming back to their value that was lost to them in a slow mode.

When many people are stressed because of the pandemic and their finances drop, the last hope is to try to invest bitcoin, when they get a profit they will invest with an increasing value, this is what makes bitcoin continue to improve so that it becomes the best investment choice during a pandemic.

Bitcoin legalization in my opinion is very important, if the state limits or even totally bans bitcoin it will be difficult to receive cash from bitcoin transactions, of course this is the hope of all users around the world so that if it is legalized then bitcoin will be equivalent to other types of investments.

I think bitcoin is more suitable as an asset, we all know that the value of bitcoin is very volatile, the up and down price of 1 bitcoin can reach tens or even hundreds of percent per year, and of all types of investments that I have participated in such as stocks and mutual funds, only bitcoin is the most profitable.

Quote from: chretienm on November 24, 2020, 10:40:27 AM

Everybody looks so happy and optimistic about Bitcoin bull rally, everything is going fine for the crypto king and many expect it to last forever including myself. Do you really think so? I'm not talking about some corrective retracement, which is healthy for the market too.
What do you think can be the biggest threat for Bitcoin in current situation? In my opinion it can be only some sudden governments shift in regulations and laws to ban Bitcoin (which I don't really think may happen), otherwise there are basically no obstacles or threats.

I think the biggest obstacle for bitcoin is that many countries have banned bitcoin, it seems at this time that many exchanges are implementing KYC so that the state wants to monitor all transactions that occur, if dangerous facts are found, of course the country will be totally banned and this is the beginning of all bitcoin problems.