for me bitcoin is like an asset for investment in general where if we can store it well then it will be profitable in the future.
You define Bitcoin as an asset because you only use it for investment purposes. I guess Bitcoin cannot be used as a payment tool in your country. That's why people in your country will consider Bitcoin as an asset only, including you. I bet you also will tell us that Bitcoin is a real currency as well once it is already legal as a payment tool in your country. People have different perceptions now because they use it differently. I think bitcoin depends on where you live, when you live in a place that legalizes bitcoin and makes it a legal medium of exchange, bitcoin becomes both an asset and a medium of exchange. but when in your country forbids bitcoin to be a medium of exchange, then it is clear that bitcoin is only an asset for you. |
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Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;
•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
That seems to happen but that was not an unfortunate thing to happen as technologies upgraded just to give the very comfortable life that we wanted. I don't disregard these changes, it might be difficult to adjust at first but we have to embrace these things as this will come. But above all of these things mentioned by OP, "bitcoin replacing Banks" is very unlikely. I simply don't believe that because it was clear to us that it was not how Bitcoin was meant to be. it is very, very unlikely that bitcoin can replace banks, because banks are a place for collecting, and distributing fiat money. while bitcoin is digital money that can always be managed by the bank itself. So bitcoin can replace the bank it's a different element. |
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Haven't spent some hours thinking about the advantage that is associated with Bitcoin in company ecosystems, new start-ups that are located in crypto-friendly countries are now diving into Bitcoin as payment against the regular faint traditional currencies, after administering questionnaires to some of the business CEOs stated the reason to be the anonymous nature and its intrinsic value. That is to say, Bitcoin is a business within a business because of its decentralized nature and volatile market.
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.
the reason is the same as the OP said. but a little addition because payment with bitcoin provides many advantages for the company. first the value of the price of goods remains the same as the value of bitcoins paid. secondly there is no need to charge a fee for depositing bitcoins in the wallet. all three bitcoins have a good market value when the market price strengthens. So by accepting payments with bitcoin the company gets double the profit. |
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What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
These people who wanted to contact you for serious investment discussion was associated with fraudulent activities using cryptocurrency as an alibi for their shady business. Mostly their pyramiding schemes was intensely convincing people around the world, ended worst if someone would entertain then just because of huge investment roi but unfortunately was a scam. Exchanging for real money is our nature when it comes to cryptocurrency, but controlling one selves is very important to avoid regrets when another rise happens. it is difficult to convey about cryptocurrency to people who are still new to cryptocurrency. common sense he feels cryptocurrency has tricked him and people who continue to contact are considered to have the same relationship with cryptocurrencies. Overcoming such problems is simply ignored and begins to re-understand about cryptocurrencies and how the mechanism of cryptocurrencies so as not to be deceived by people who make fraud. |
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Risk is everywhere even every platform Or feild . In bitcoin risk are scammers, frauds, wrong decision that can cause your goals. Sometimes these risks are benefits to being awareness of people.
every investment there must be a risk but how do you minimize that risk. but the fatal thing is that when investing is wrong in choosing the blockchain where you invest so that whenever the blockchan has an accident or a scammer occurs, that's where you experience a loss. |
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as you guys said that the president of el Salvador will persist to adopt bitcoin when the price fluctuates and is never afraid of the market conditions often falling. El Salvador plans long-term deposits and plans to adopt more. This is very fantastic in increasing the country's economy.
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Bitcoin destroyed my life. I went all in at around $20k with pretty much my whole life savings and after that the crash happen and i sold all of my investment in Loss. I'm also not here for pity. I only blame myself. Just wanted to show a different kind of story to all of you.
it seems bitcoin is testing your life but not changing your life, be patient. I was previously like you too, when the price started to fall I started to panic and almost sold all my assets, but his friend realized me to be patient if the bitcoin market went down soon and would be pumped again. Finally my assets were saved. |
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Maybe they fear because many governments still do not support Bitcoin. All governments use Gold and Fiat currencies in growing their country's economy and that is why those rich people trust Gold and Fiat currencies but not Bitcoin and other Cryptocurrencies.
I don't agree with your opinion that the billionaire's fear of bitcoin is not because there is no support from the government, isn't bitcoin not dependent on the country, from the first bitcoin was created by satoshi nakomoto bitcoin is not accepted in any country but it is proven that bitcoin can rise without the support of the government , so the reason bitcoin is feared by billionaires is not because it is not accepted by the government. I agree with Mr.sprin, bitcoin does not depend on the government because bitcoin is not the creation of the government. The government has its own reasons for not supporting bitcoin, including falling local or fiat currency prices, reducing interest in other investments such as gold, oil and so on. The shift of investors from institutional to blockchain could bring down the companies they previously invested in. |
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some crypto players see market movements in a day, so they are very careful in investing. while some of their investors keep their bitcoins for a little longer, at least 3 months, so the price of bitcoin often falls in the first and second months, they don't pay attention at all, while others panic 3 times a month because they don't have a target in investing.
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OP might've got scammed by someone assuring with multiplication of capital investment in short time period. Out of greed OP might've given a try and lost to the scammers. This seems to be the reason why OP never wanting to use cryptocurrencies over bitcoin.
The OP is experiencing disappointment due to the shallow knowledge of using cryptocurrencies, so it's only natural that he vents. To master crypto, you need patience and passion in learning about cryptocurrencies. playing crypto should not be in a hurry, let alone experience a panic sell or buy, while the market conditions are reversed as we suspected. |
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I think both are good for investment, because bitcoin and gold have their respective potentials and also have different levels of security. if you are an expert in the field of trading, of course bitcoin is superior for you and for those of you who like to keep assets for a long time and don't like trading, then gold is superior for you. so both have their own specifications.
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Don't believe the rumors that China has banned the use of Bitcoin. Rumors about China banning the use of bitcoin from year to year are always there, but the fact is that China is ranked second in bitcoin holdings, so there is a possibility that they will want to dominate bitcoin in the future. creating rumors about a crypto ban and bitcoin is a trick to get them to adopt bitcoin at a very low price.
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China's expansion will not stop just by banning crypto, but they will do other things to conquer all countries.
China doesn't like crypto and they want to bring down the market in their own way. the presence of bitcoin can destroy the market competition they have been running for so long. we know that bitcoin is not going to stop because of the news and we will soon see bitcoin rise.
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The debate between the advantages of bitcoin and gold, of course, has a different era. Now entering the digital era, bitcoin is certainly superior to gold. everyone has switched to investing from gold to bitcoin, because the prospect of bitcoin profits is more effective and efficient. while gold has a slow element in the financial turnover mechanism.
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we can see chart patterns every week, month and year all look up and down, pump so sharply and then fall. so the market fell at $42k, it's still normal, because the next day it will be pumped again even though it's not 100% at least experiencing a positive movement. The problem that causes the bitcoin price to rise is various factors, it's not a big problem. smartly you understand it, so that there is no panic sell in the future.
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At present thousands of fake news are being made all the time. We are constantly being deceived by such false news. We should not listen to any rumors. Don’t take any decision without good research. And one of the most important thing is don't panic. Bitcoin prices have down fall due to panic sale.
let them get caught up with fake news and let them panic sell, because market conditions are being influenced by investors who want to buy bitcoin at very low prices. You should be able to refrain from this game, because when investors start adopting all prices will be pumped back very quickly and start taking the opportunity to sell your pending assets. |
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What will be the price of bitcoin in the coming years as the price of Bitcoin goes down? The current price of the British ranges from 41 thousand to 50 thousand. Bitcoin was the highest price of 48-50 thousand. The bitcoin that everyone planned that from the end of 2021 to 2022, the price of bitcoin will exceed 60 thousand plus? So what will be the price of Bitcoin in the coming years?
The price of bitcoin is difficult to predict with accuracy both in this year and in the years to come. but according to my prediction, the price of bitcoin next year will still be between $50k and $75k. why do i assume so? because if bitcoin in general is almost used as a legal medium of exchange in a country and bitcoin reaches a very high value, there will be prolonged inflation of the local currency. it's very risky. |
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I don't support politician just because they support bitcoin, that's a bit stupid in my opinion because bitcoin isn't going to make things right if we support that. I mean would you vote for a politician that's clearly racist, incompetent and the only catch is that that politician supports bitcoin?
Politicians is like a green snake, if we eventually or massively support or vote a politician because it support the adoption of bitcoin, it's obvious that we don't really want the betterment or development of bitcoin again, because the government we are emphasising on everyday that hate bitcoin are the same politicians that we want to endorse because they like cryptocurrency especially bitcoin, it's quite clear that they dislike BTC Most of the drop in bitcoin prices is influenced by incidents from politicians, because in general they do not like the presence of bitcoin and bitcoin price bullruns are generally influenced by large investors who are not involved in politicians. so they are just outsiders trying to influence the bitcoin price in a negative way. |
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To make an exit strategy, of course you must have enough understanding of bitcoin price movements, including having a signal when the last bullrun price is in units of weeks, months and years. then when the bearish will occur and for how long, so you can determine when to sell and when to buy. if this strategy fails, then there must be a backup strategy that is to prepare enough fiat money to buy when the price of bitcoin experiences a sharp decline.
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El Salvador is already one of the people that big investors talk about, because he has strong principles against the large number of bitcoin adopters after he legalized bitcoin as a legal medium of exchange in his country. while the market conditions are fluctuating, will he be influenced to sell or will he continue to survive? current issue!
What do you think about El Salvador amid price fluctuations?
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