They simply say negative things to Bitcoin, easily, either because they lack knowledge about it or they focus more on the negative things or news related into it. Ofcourse people in this industry would be on the contrary; we see the potential more than the risk. But both sides are indeed true; this technology created huge profit potential for its users but risk will always be there because of the nature of market price volatility. People are usually resistant to changing their minds about an invention once they have formed an opinion about it. When there are so many negative scenarios and comments about bitcoin as a result of the backlash it has received, convincing someone with a preconceived notion about how they view it will be difficult. Let the good news about it spread; hopefully, in the future, it will supersede and counter the negative feedback and views about it, and it will be adopted as legal tender globally.
Problem is people being selective; disregarding positive new such as countries adopting this technology because they are seeing the advantage of doing so.But given that there is still a long way for this industry regarding progressive growth, things might indeed change in the future. For now, sharing our knowledge to those who are interested would be a good thing to do than to contribute with baseless accusations on this industry. |
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Just a vague assumption I guess. No matter how intelligent technologies become, it is humans who made it and for sure that would be the main thing. Many people are threatened by this possibility without seeing how beneficial it would be. Advancements such as AI are meant to make our lives easier 'coz if not, why would professionals waste their time doing these technological progress. It would only be a bad thing if we would be dependent with these advancements, which is something we should deal with as individuals. I'm seeing a better future because of technologies and innovation. Why? 'coz we have to adapt with 'evolution'. Being left behind would be far worse from being replaced by these 'robots'. There are things these investions won't be able to do and you have to take it as an edge to se for a brighter future.
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Good thing you have the confidence to do so. Bitcoin has all the potential to generate pprofit for its investor but it is better to know that risk is present than to be too delusional with its market price behavior. Holding is indeed the best thing to do but question is, how long can you endure a bearish market trend. Just now, the market price dropped in an instant. Will drive or wagerness alone be enough to make it? Ofcourse not, patience will always be needed to succeed. We can see that information is easily available today and users are gradually mistakenly thinking that everything that appears is knowledge for them that they do not have the understanding to analyze what that problem.
I find that the tricks or scams in this market will not last long, and over time those who have grasped the basics will avoid the negative information and never bother. pay attention to that. How BTC has presented an opportunity is out of the question here, and those who haven't had their luck with BTC may need to rethink how they have approached the market and are understanding it.
Indeed, along with the advantage of accessibility with information is danger with FOMOs regarding this technology. Not because many people have earned a lot from this investment, same thing would go on your end, in an instant. Knowledge should be invested as well; to know what you are engaging yourself into. |
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Still not done yet with exchanges issue? Funny how you did not encourage him to continue his investment but wanting him to trade his holdings into your fiat. I know pushing someone to risk is a bad thing. But for sure you know what's right and not. Binance is one of the trusted exchanger in this industry and your opinion seem to discourage your friend on selling his holdings. This should have been discussed between you two, in a more detailed manner. You should have given him options to take if he's really worried than to let him let go of the chance to make peofit especially with the market behavior right now which is somehow bullish (just too volatile). As you've mentioned, you are also holding, that should be something you should have shared to somehow give him the confidence to continue aiming for profit.
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Here too, I have to sincerely thank life for knowing bitcoin. Thanks to it, my economy is much better, it gives me an income that I never dared to think about when I was an office worker. While inflation is killing people with rising commodity prices, bitcoin investing and trading is helping me lead a pretty comfortable life.
Not only Bitcoin can give us a freedom from banks and the governments but it can also gives us another type of freedom because we can choose not work for someone else anymore. We can only earn limited income from them and then the time that we spent is also unimaginable. We are only helping them rich and their company grow but I bet they only care less for us. We shouldn't be selfish and only reap the benefits on our own but we should also help those people who are experiencing the same thing as us by spreading the word Bitcoin to them. We can also educate them further to make things more easier for them. The good thing about bitcoin is that it can fix many lives, that is something that we all know, because no government is going to offer an economy as good as the one that bitcoin has, besides, bitcoin is not managed by anyone, it is a unique action that has a unique value that can grow as much as you want and since it does not have any backups or something like that, the value it has can increase much more than the previous ath, having bitcoin is more than savings, it is having life support. Many save in banks, knowing that a bank is insecure, if you do not have control of your money, it is not your money, it belongs to the bank. You guys might be missing the point. Not because this technology is giving profit to SOME people in this industry, investors to be more specific, it would already mean that it contributes to the economy. How would it contribute if transactions are not taxed? Don't get me wrong; Bitcoin and other cryptocurrencies are really profitable but that is far different from helping an economy or even solving economic related issues. Also, when it comes on putting your money in banks, how come it wouldn'y be yours? Because transactions are monitored and taxed? That is simply because of the insurance you are paying towarda them; that if something bad happens, they'll have something to do to help you. Unlike in this industry that if you happened to lose your assets, no one would be there to help you out. Let us not be too biased and delusional because of how this technology benefits us. |
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What's the need for replacement if it could be an alternative? I see this technology as an alternative more than totally being the only currency to be used on daily transactions, in the future Also, that is impossible knowing well its characteristics; volatile market value and decentralization. For a currency to be used widely across the globe it should be first be acknowledged by majority of the countries. It is more likely for this technology and fiat to co-exist in the future than to be Bitcoin alone. Also, for such thing to happen, prices should be solely based with Bitcoin and other cryprocurrencies, and not fiat based, which is something hard to imagine. I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transactions in our everyday life?
In the history of humanity, money has not struggled for existence focused on technology. Conflicts over money and economy have been inflation-oriented problems. In other words, there have been "solid currencies and inflationary means of exploitation" in history. All the crises in history have arisen for this reason, and many empires have been destroyed for this reason. The money we use in our daily life is subject to inflation. On the other hand, Bitcoin is in the solid money category. These two do not replace each other. These two conflict with each other. I doubt with conflict with one another. None is dependent with the other so how come it would create conflict? I'd say their concepts are in contrast. |
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The banking system is very stable. It rests on the authority and strength of state power, and the state will take all measures to ensure that this system continues to function. Therefore, individual banks can go bankrupt, not the banking system. The fact that some banks fail happens periodically, but there is no threat to the existence of the banking system.
The world economic system is now weakened by the long-term coronavirus pandemic, various cataclysms and wars. Therefore, it is not surprising that certain difficulties appear.
How all this will affect bitcoin and the cryptocurrency market is hard to say. When the coronavirus appeared, they also predicted an increase in the price of bitcoin. But that did not happen. We need to observe the situation and make our own analysis.
Also, governments won't allow such thing to happen. Banks are simply contributing huge percentage to a country's economy and a total collapse might result to a huge problem as well. Banks will be there given that fiat is the dominant currency being used tto most of the transactions and purchases and is more likely to continue even in the future despite of the emergence of digital decentralized currencies. FOMO I guess for those who easily believed on such unrealistic assumptions. There are indeed problems at the present but banks and government sectors, won't simply allow such devastation on their end. It would be a total chaos if ever so I won't even bother thinking of such instance. |
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During the industrial revolution back in the 18th and 19th centuries, many people were afraid that the industrialization and the massive implementation of machines would cause extremely high levels of unemployment. That didn't happen. Nowadays, we are witnessing that same fears about AI. I don't believe that AI would cause big unemployment. Perhaps implementing AI could cause a boost in efficiency and cutting all the "bullshit jobs", that are a problem right now inside the big bureaucratic structures of the multi-national corporations. Most of the people will have to adapt and survive(by learning new skills). The "average Joe" won't lose his working class social status because of AI.  I also have the same thought as you, AI and ML will not create widespread unemployment, but they will bring greater efficiency in production as well as support people in heavy jobs to help people reduce accidents at work. Everything has pros and cons, but evolving technology offers more benefits than people worry about. For those who fear machines will take their jobs, they will work harder, and so we will soon remove lazy members from society. Efficiency is the bottomline. No chance that people will be needless on different work industries simply because human mind is still dofferent from AI. Indeed AI would be at the advantage for technicalities and information but think of how many different industries are there which requires skills human could only provide. Perhaps with school setting; AI learning tools would indeed help but the guidance and drive of the teacher to impart knowledge would make learning deeper. Let us accept advancements has benefits but two should only coexist and not to remove the other just because one appears to be more 'useful'; each one will have their own role. So I do think that such thing is impossible even in the modern years of our lives. |
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Simply because scamming and foolong people is a lot easier through the use of internet; convenience for them in a way that they'd have a higher chance not to be known by their victim and to not be caught by authorities easily. Internet is a product of technological advancements indeed but behind its advantages is also its disadvantages especially for those who are not that knowledgeable with the potential and risks involved. This simply won't stop as long as they have people being victimized by them. Same scheme will be present as long as there are people who keeps on falling for it. What's best is to equip oneself with knowledge in order to be aware of the do's and dont's not only in this industry but to all possible means.
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Prostitutions? They are artists in that field. They are simply being paid huge amount and contents are with their consent so I cannot call it prostitution. Capitalists are simply making use of every opportunity that will be available on their sight and I doubt that crosses moral ideologies
. Morality in the first place is a behavior which is acceptable to the society, right? As governed by laws, ofcourse they won't allow contradictions. They have basis whether to allow something or not. Your example as well is vague; from a field or profession to banks, then government regulation?
To how I view this topic; morality, belief, and culture evolves through years, if this is your concern.
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I don't even see it in the future. This seems to be impossible given how powerful fiatisnd also, being the only currency to be used, I doubt, is the goal of this industry. One reason why this is impossible is because taxes play a role to every countries' economy. Another is lack of stability with the market price of not only Bitcoin, because its market value is dependent with the demand. Thus, using it on a daily basis won't promote equality or stability with the transaction.
Imagine buying a meal for 5 bucks worth of Bitcoin then its market value fall in an instant, therefore you'd be needing bigger amount than what was supposed to. Then afterwards, the price again increased. Won't you feel bad? Same thing with businesses who'd accept such mode of payment, will it be good for their business? Downsides are there. People could make use of this technology in many ways but for all countries to rely on this, is a punch to the moon.
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Whatever period there is, investments will be always risky not only in this industry but in general. But regarding current market behavior, I gues this is a better season to invest given how market prices are showing signs of recovery from being down low for almost a year. Also, there's this anticipated bullish trend which is something to look forward to, which somehow lessen the risk. Again, there will always be risk but atleast worries would be lessen right now compared to last year wherein it was hard to even foresee recovery from the market. The only thing you should be careful of is choosing the right ones to invest and I'd say huge names would be the best choices since these tokens are the ones who could sustain sudden declines and ones who'd lead once bullish trend is again visible.
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This is reality check.
I bet most of the people here would still prefer using fiat on daily transactions and will just use cryptocurrencies as a mode of payment on big transactions to avoid taxes. But on a regular basis, people in this industry will make use more of this industry for investment purposes which is not a bad thing to do especially if in such way they'd be make use more of the potential from this blockchain.Using it on small transactions will jist put an individual into guilt from doing so. Most of the people here would be seeking for profit more than essence of this industry as an alternative mode of payment. Considering preferences, some would say they're more interested with using cryptos due to its profit potential and not because of the convenience it gives to users.
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What we are seeing today is the contradiction between the two, but in a long run there is a parallelism with the market prices. But going back; bitcoin and altcoin dominance. As I've observed, whenever the price of bitcoin falls, most of the altcoins are showing dominance in the market. My take on this is the reason for a market price increase. If there is a hype to this industry in general, for sure all coins will have the same price movement but since there is none, contrary price movement is visible depending on the demand in this industry ofcourse. Many altcoins are now showing surprising increase despite of weird pattern on the prices of major coins.Depends on how you view the charts; long term vs short term.
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Perhaps, bitcoin still needs time to be adopted by other countries because acceptance of bitcoin itself requires approval from the government. And if the government hasn't said anything about bitcoin, people haven't been able to use bitcoin freely. In the meantime, we can use bitcoin as a long-term investment and still accumulate more bitcoins before the price increases. And after there is an explanation from the government regarding the legal use of bitcoins, it will give us an opportunity because we already have a lot of bitcoins.
that's true. even if the government does not say anything about it, it also doesn't mean that we are already free to use it as modes of payment, but it can still be an option. it is as if they're saying "use it at your own risk". government wont really interfere as long as there's no major issue concerning someone's "security". well, even if we deny it sometimes the government will use that excuse whenever it is convenient for them. just saying. To my viewpoint, as long as something is not prohibited, it is free to be used by people. Bottomline here is people who would take the initiative and embrace the risk from this industry. Bitcoin or this industry in general, is having problems regarding adoption iwith people who would take the risk of accepting this technology as a mode of payment. Perhaps business, how would a merchant be able to sustain the business itself if they are having doubts of revolving the payments especially during bearish market. Likewise with consumers who are hesitating because of profit potential. At the present, no doubt we're still far from that era wherein crypros are widely accepted. |
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We can't help it. It is like buying something double it price not because of the taxes but with the idea that the value of a certain amount, in form of Bitcoin as payment, could grow if you choose to hold. This is simply an evidence of how cryptocurrencies are being used not as an alternative mode of payment but more of an asset to be held for years because of its profit potential. Not a bad thing to do so, people are just taking advantage and making use of the characteristic of Bitcoin and other cryptocurrencies.
The only instance I won't have regrets or hesitate to pay in Bitcoin is if I would be able to save for that transaction, which is assuming to be big for me to use crypto. In such way I'd be able to avoid taxes from huge transactions. Especially nowadays wherein taxes somehow cuts more than 30% of the actual price of the item because of import and export matters.
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You are only saying this because you gained profit. Just for fun, would you still say things if what happened is the opposite? Would you still be grateful? This is an eye opener to everyone. Many people doubted the potential of this technology but are the ones who are leading those stories of how Bitcoin made them ( not referring to OP,just in most instances). Being grateful is a good thing but atleast support the growth process and avoid saying things against something that would benefit you in the future. Bitcoin and this technology benefits many people just as the bottomline.
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Casino challenges I have encountered? Delay with payments, None paying in some instances, lags, poor technical support and such. These are probably common but is not given enough attention in order to seek for betterment. Not to mention scam platforms as we all know. Much better, if you'd be taking suggestions from the users such as with what you are doing in this topic. Another problem I think, after seeing many gambling platform, is lack of solution with the problem itself. They tend to just put it aside and prepare it on their free timw wherein they have less of a workload. Good thing is that, many users of this forum have given their insights, and if this happened to be a huge project next rime, then express for stress.
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Some of the casinos in this list might be new to many of us. However, it would be great if everyone shared their experiences with these casinos. This would be beneficial for many of us. In addition, it would help us select the best option and protect ourselves from scams.
I don't think any members here will try the casino over there in Canada because most of those who try the casinos have a bad experience. I said this because I checked the feedback on Trustpilot when gambling was banned and most of them said negative reviews on the said gambling casinos except for bc games, that's what I read and saw about them, to be honest. Given how many gambling sites are being introduced monthly or even weekly, for sure players has many options to choose from. The only way to push players to try engaging with these new platforms are bonuses to encourage them. But if it will just be general experience in these gambling sites in Canada, I doubt many would be thrilled enough especially if there will be nothing new on its feature. Never experienced canadian casinos but it sounds fun. Hope they're cool, especially comparing with the US ones.
Comparing and how did you determine that it would be a better category with other countries' gambling site? The only thing that would matter in this case is overall accessibility of the said platforms given that they are based in canada. So if it will just be limited to this country then, nothing would make it more especial over others. |
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