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Bitcointalk username :Tahsin Kabir Kollol
Telegram username :@TahsinKabirKollol
Eth address :0x09dACf37a3f7B2A7a4ebe941A959827dc735f9F3
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First of all, it is not possible for people all over the world to use Bitcoin together because using Bitcoin requires technical skills and tools. Moreover, a part of the people in every country are uneducated and have no technical knowledge, so it is not possible for them to use Bitcoin. On the other hand, the use of internet technology is mandatory for bitcoin transactions, so it may not be possible for everyone to transact through it. Moreover, due to the high fee of Bitcoin transactions, transactions in Bitcoin will be very expensive and in many cases impossible in the case of buying and selling low-priced goods. So it is not very reasonable to think of the world without the current currency, but it may be possible with the advancement of future technology and science.
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Millions of people around the world have lost their jobs and are living idle lives due to the coronavirus epidemic. In addition, many are making a living by changing jobs. I am unlikely not to lose my job as a cryptocurrency trader and Bounty Hunter, but the effects of the coronavirus epidemic have been somewhat noticeable. If you were involved in online work in addition to your daily job, you would not have to be unemployed now because coronavirus has such an effect on online work.
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In fact, it is not possible that China’s digital yuan could replace bitcoin & end US dollar hegemony. Because even though China has emerged as a world power and is economically strong, China still has full hostile relations with many countries in the world. Moreover, the global recognition of Bitcoin as a unique decentralized currency is not possible in the case of China's digital currency, so people around the world cannot trust it. So I don't think so China’s digital yuan could replace bitcoin & end US dollar hegemony.
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It is difficult to say for sure that When will the current Bull run stop. However, the idea is that after reaching the previous price high, the game may be somewhat stable or downward. This is because most traders and investors will be a little worried after the market price reaches the previous support resistance and will monitor the market closely. So it is conceivable that the current upward trend in the market may stop at the previous support resistance or else it will reach a new height and many people think that it could rise to $35K. However, it is not possible for anyone to say for sure where the market will go down again.
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When a large payment service like PayPal decides to integrate cryptocurrency, other companies may be interested in thinking about it, which is why new companies incorporate it into their payment systems. This is really good news and as a result, other companies are gradually using cryptocurrencies including Bitcoin Ethereum through their transactions making it popular and popular as a currency. This will increase the demand for cryptocurrencies as well as increase their value, which will encourage investors to invest in cryptocurrencies. Which will create a possibility for cryptocurrency and will continue to benefit the users.
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There is a big difference between Bitcoin and Libra. Bitcoin is a decentralized cryptocurrency and no one can control it alone. Libra, on the other hand, since it is an institution-based cryptocurrency, it will be overseen and managed by a few individuals and the government will be able to take action. Moreover, due to the emergence of Libra as an institutional share, Libra means a change in price due to all the related circumstances in the institution, which is not possible in the case of Bitcoin. In fact, Bitcoin is one of the most popular cryptocurrencies and is considered the mother of cryptocurrency. So Libra has a huge difference from Bitcoin and we can easily understand these.
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It's really hard to imagine and I don't know if you're convinced based on any information. When Bitcoin first came on the market no one had any idea that it could reach $20k in such a short time but at the moment we are seeing the price of Bitcoin at this stage. Bitcoin is slowly gaining ground due to the demands of the times and its huge popularity among the people and it is likely to become more popular in the future but it is not clear whether the price is right now. However, in the current context, the value of $400k is much higher and it is an unimaginable market value for current investors, but the idea of what it will look like in the future is not logical.
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Recent market analysis shows that the price of Bitcoin has already fallen several times to close to $20k.So it is safe to say that there is a great deal of support here and investors are taking precautions at this stage considering the previous history. As the value of bitcoins is repeatedly hampered at this stage, it is important to cross this step and it is expected that the value of bitcoins will increase significantly if this support resistance is exceeded. So it can be said that $20k has a big support resistance and if it can be surpassed, the price of bitcoin will reach a new high.
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I agree with you a lot and it is true that most of the altcoin projects bring their coins to the market only through word of mouth without any real planning or future development related steps. A closer look reveals that most of the altcoins that arrived in 2019 and 2020 were included in various exchangers, each priced much lower than the pre-sale or ICO prize, indicating that they had no real development or use. Moreover, as a result, investors have lost interest in investing in various projects and have turned away from cryptocurrency. With the exception of a few cryptocurrencies, people have a negative perception of all cryptocurrencies and invest in them for a short period of time. So we need to be aware of the new altcoins and take more effective measures to prevent counterfeiting.
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There is no way to be passionate and enthusiastic about investing. Because with investment there is always a risk and the amount of risk multiplied due to over-emotion can lead to loss of everything. Generally speaking, it would be very encouraging to collect information from any medium and be 100% sure. If the market behaves in a reversal way as a result, there could be a big loss. In the current context, many are speculating that the price of bitcoin will rise above 35K, so many people may become very enthusiastic about buying bitcoin, which could lead to a big loss if the market goes down again. So don't be too emotional and don't be too greedy trade through market reviews and always watch the market movements.
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