In general, I think this solution is not bad, the Chinese authorities simply buy bitcoin gradually and store it in cold wallets until a certain moment when the price goes up strongly, so that later they can speculate and dictate the direction of the market, since they will have most of the bitcoin from the total amount, very clever
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Given the popularization of blockchain technology all over the world, there are now a lot of projects that offer you various services for which you can pay with cryptocurrency is no exception, and car rental, I know several projects that are engaged in this, but they only offer luxury car rental
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If we are talking about a specific centralized cryptocurrency, then, of course, the authorities will offer any advantages if this cryptocurrency is used, if in general, then the cryptocurrency should not be subject to centralization, since this is a transference to all its principles
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Investing in bitcoin is profitable given the latest market trend, but given your situation, I would not recommend keeping all your funds in one asset, as there is always a risk that the asset may disappear and you will lose everything, which is why I advise you to keep part of your funds in fiat currency
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Many people consider bitcoin to be a fraud, since they were previously deceived with the help of bitcoin by fraudulently obtaining their card details and buy bitcoin after which they disappear and after that people think that bitcoin deceived them, and for such scammers, authority and respect for bitcoin is lost
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In general, this is an interesting topic for discussion, as I think all just the spouses' joint property is money earned together, but this does not apply to bitcoin and other cryptocurrencies, since bitcoin does not have legislative regulation in the field of family law and, accordingly, cannot be shared by spouses
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This is a very serious step for the development of cryptocurrency in this country, and I believe that other countries should also train specialists in the field of blockchain, since digital technologies are our future and the more seriously our government takes new technologies, the faster our society will develop
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In general, this is a big step in the field of lending, using bitcoin as collateral for a cash loan, but before taking such a loan, you should study all the conditions under which funds are provided and what is the interest rate on the loan and whether it is worth taking it at all
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In connection with the popularization of cryptocurrency, yes, many countries work with blockchain technology and create their own cryptocurrencies, since everyone understands perfectly well what the future is behind digital assets and, accordingly, invest large funds in the development of these technologies
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On the one hand, it is certainly bad that a certain group of people affects the growth of bitcoin, but on the other hand, these are large investments that help cryptocurrency to grow and develop and make it possible to launch many new projects, and even more so the presence of such large investments in cryptocurrency gives confidence in tomorrow
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I will tell you that this is impossible, since the national currency is subject to control, that is, centralization, and bitcoin positions itself as a decentralized cryptocurrency that is regulated by the community and that is why bitcoin cannot be the national currency
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Unfortunately, fraud in general undermines the image of any asset as for bitcoin, since most people think that bitcoin is another scam and this is due to various kinds of actions, for example, there are scammers who call people and ask for their card details and then buy bitcoin through unlicensed exchangers. cardholders don't even know about it and then they say that bitcoin cheated them and there are a lot of such cases
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In my opinion, bitcoin has not yet achieved its goal in full, both in price and in terms of implementation, since we can see blockchain technology is not particularly introduced into our lives, since many large corporations are still speculative about bitcoin and will still leave many years for bitcoin to take its place in the field of digital assets
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This is a good decision to get rid of the bad habit and start doing useful things such as investing in bitcoin as bitcoin is constantly growing and you can make good money investing every week and at the same time if you see good income before investing more in the future
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Yes, such a phenomenon is present and this is justified if bitcoin is growing, then all the altcoins are behind it, this is explained by the fact that if large investments enter the market, then not only in bitcoin but also in other cryptocurrencies and, accordingly, altcoins are growing
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Yes, of course, there are a lot of options, you can buy cryptocurrency with a bank card directly, if not, then in many countries there are special bitcoin ATMs with which you can purchase cryptocurrency using cash in a few minutes, so if dealers who sell cryptocurrency for cash, that is, you come to them, give them cash and they transfer the cryptocurrency from their wallet to your wallet
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In my opinion, if you have already invested in bitcoin earlier, then you have already made good money, and at the moment if you look at the situation on the markets in general, that is, there is a good growth prospect, and COVID-19, on the contrary, made it possible for bitcoin to grow even more and for the fact that large companies invest in digital assets since they are not tied to anything and my opinion if you have bitcoin then do not sell it now, but rather hold
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Everything is as simple as possible, many large investors prefer investing in bitcoin, since it is not tied to anything and does not particularly sink in price, if we speak for gold, then it strongly depends on the dollar and oil, if one of them sinks, then gold will also sink, and now think about where to invest safely, the answer is logical
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It was expected that large investors would notice bitcoin and start large investments, since in general, bitcoin is an undervalued asset with great potential, and I believe that the price that is now not even 20% of its real value and the future growth of bitcoin is not far off and the guys with Wall Street understands this too and therefore invest large sums
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I think that it makes no sense to get out between gold and bitcoin, since both assets are profitable for investment, but the areas of investment are different, for example, bitcoin is a digital asset in which they invest in order to diversify the risks of their cryptocurrency portfolio, since it is such an asset that cannot fall much into price, if we talk about gold, then everything is clear here gold is supported by the dollar rate and in the end I will tell you I would test in both assets
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