Bitcoin is one of the strong cryptocurrency and it is the most stable digital coin nowadays. Also, bitcoin is one of the promising investment in digital world. Since, peoples economy nowadays are unstable due to the pandimic situation in the world. Peoples are looking for new source of income to improve their economy. Do you think bitcoin is the best investment choice nowadays to earn money?
Yes, bitcoin is getting importance as the new money and new form of investment, because around the globe the usage of bitcoin on trading has increased in large difference compared to the past during this pandemic. During the pandemic there is more and more job layoffs and salary cut. This has made a big change in people's economic life, and people have begun to look for better earning possibilities. This has made people to move to bitcoin as a new investment. It would be unfair for Bitcoin to be called as a new investment since there are many investors already when Bitcoin started, its true that they started out slowly but we can actually say that there are already at least a hundred more users that is living off on Bitcoin's development and further skyrocketing value. What's fair to say is Bitcoin is a new form of investment since most investments branch off with physical structures like restaurants etc.. Bitcoin on the other hand is a digital money in which you can invest on. |
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I have been reading many posts that show signs to be that people are giving up on Bitcoin's technical development to become an actual currency, and also shows signs to be ready to sell after the next surge to ATH.
I believe it's too soon. Bitcoin's benefit for improvement outweighs the cost in my opinion.
HODL!
Its not their fault for showing disbelief in Bitcoin since they cannot HODL for very long since some users really needs their money for emergency uses. Although other users are just excited to sell their Bitcoin since they have no knowledge how to further invest it. Its also interesting that there are already people who considers Bitcoin as a legit currency but some people are not quite ready to believe that. Imo, Bitcoin is a good currency that might play a big role in future digitization of payment systems. |
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Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.
Bitcoin being stagnant does not mean it is losing its value. Its actually better for Bitcoin to have a stabilized value since you have these opportunity to use Bitcoin for buy and sell purposes. I actually saw this opportunity to be active within the Cryptocurrency Industry again since most jobs are being lay-ed off during this pandemic. |
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Bitcoin has a lot of benefits, and the privacy of your wallet is already on your bitcoin wallet and how you can handle your security. Bitcoin transfer online or payments online is more likely popular when it comes to cryptocurrencies and it is used nowadays especially pandemic. People are more likely to used online payments and online transfer for them to give some help to their relatives.
Bitcoin has been very advantageous in this time of pandemic because with just one click online, your transaction will be successfully send safely and secured as long as internet connection is stable. Aside from having a convenient online transaction, bitcoin is also known as a good store of value and a good investment for our retirement. But bitcoin has also its own risks so make sure to study it first before using it. Another thing to add about Bitcoins security is its way on how people can use it without minding of losing their Bitcoin randomly. They are sure that whatever they are paying for, they are only paying for it at the right amount and no extra charges, ITS TAX FREE!! (for now). The only fee that incurs payment with Bitcoin is the gas fee that you are using to transfer Bitcoins. Learning about Bitcoin is already a benefit that you can have since its extra knowledge that can be monetized with. |
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I do notice that some people naturally don’t allow bitcoin in any of their daily transactions even when it faster and easier, they still don’t prefer using it, I have noticed this a lot, Some classes of human,Sometimes when they are to receive money from another country like international transfer sometimes it takes 2 3 days to arrive,They will advise them to use bitcoin and they still don’t accept it even it faster and easier. Now how come we make bitcoin come to people.
People avoid Bitcoin for the simplest reasons, they do not understand what Bitcoin and how Bitcoin works. People are avoiding it since they have no prior knowledge regarding Bitcoin. It might also sound new to them which is not normal since we area already living in a semi-digitized world. They should not ignore Bitcoin since Cryptocurrencies are one of the best things that can happen to someone who can monetize their time properly. |
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People tend to hesitate since they are already thinking about the negative results of something that they are not sure about. Its only natural but people within this Industry must always look for the open opportunities. Joining bounties are really helpful and might be fruitful at the end. Its not the users fault that some bounties fail since they are only campaigning about them. Their support is enough to keep the platform going and its up to developers to pursue their goals of further development so there is no excuse for hesitating.
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I know that scam bounty projects still shows up on this forum from time to time but after managing to promote the bounty that's not a scam you end up with very low bounty reward, why ? I think the problem about bounties is we have too few bounty campaigns and too many bounty hunters
JUST IF
Just if bounty managers and project teams can start limiting bounty hunters the reward will still be fair enough, how can 500 participants share 3000$ bounty allocation?
Where are the bounties with fixed bounty allocations? After doing some digging on past bounty campaigns I noticed many of them have fixed rewards, this is good or limited participants
What do you think??
There are already some bounties like that and I remember joining one, its called "Aureus"? Or its near that word. These types of Bounties are really helpful and might yield a big amount of profit but that will also depend on the contract within the Bounty manager and the Bounty employer which are the developers themselves. Its a good way to earn Cryptocurrencies since you will only have a limited number of participants having it. |
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World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.
Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.
Our governments response to the pandemic is so sad that people are starting not to give a care anymore regarding on the political movements of some politicians. The pandemic affected most agricultural and physical jobs like construction sites. It also affected manufacturing facilities that require lots of manpower. Our government response was not focused on the Pandemic instead, its focused on some beautification of some places and bad management of the government. Even though they say that "Its more fun in the Philippines", it really sucks to be living in a place where you still cannot have freedom because of the poor response. I still hope that they will do something good to lift our economy again and stop being indebted to other countries. |
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Governments all around the World Secretly start using together with banks the bitcoins.
Oil is done so They replace bitcoin instead of oil.
The btc volatility might go like daily 50k-100k price Changes.
Bitcoin will be instutionalized permanently.
The Global market prices Liqutation postion will be fluctuated by Bitcoin price.
I said this before but nobody didnt listen but now its here!!
If you are so sure that Bitcoin will replace Oil and Gold, have you tried using it physically? Are you willing to place Bitcoin to power up your automobiles or engines that works? Or using Bitcoin as an accessory? Bitcoin's value is really wonderful but replacing things in the physical world is not possible. I only think Bitcoin will achieve some value cap which will be its best value and people will realize how important Bitcoin is once its recognize by governments in a good way. |
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There's no sch thing as shortage or deficit when it comes to Bitcoin.If the price goes up,more HODLers will be convinced to sell their BTC,therefore market shortage cannot be created.
A hypothetical market shortage or deficit can be created only if there are no active sellers on the market,which means that the BUY orders on all crypto trading platforms cannot be fulfilled at any market price.
The possibility of Bitcoin having a deficit is possible if we are talking about the circulation of it. Its always possible for HODLers to forget about Bitcoin since its not the only thing people are focused about. Having a shortage means people are starting to lose interest with Cryptocurrencies but that news is still not possible within the decade. People are still learning about Bitcoin and that means Bitcoins demand will still rise. |
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Believe me my friend, anywhere in the world, it is not easy to make money. If you see any airdrop that promises 100$, 200$, 300$, 500$ and above just for referring peeps, or sharing post online, then it is atmost 99% fraudulent.
Likewise, if you see trade signals that promises certainty, or bounties that promises you a fixed price for your token, be wary. It is not that easy nor realistic.
That is quite true but some airdrops are worth the risk as long as you do not have anything to click on or links to open since that might lead to phishing websites. Earning within the Cryptocurrency Industry requires you to stay long enough to be known taking big jobs like managing campaigns. Joining bounties and daily trading is also worth it but you have to be careful while thinking on when to sell. |
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Peoples fine it difficult to understand what is cryptoccurrency most especially bitcoin,but their interested over cryptoccurrency.
I just suggest that their should be a TEXT BOOK that will discuss about cryptoccurrency in order to educate people who are interested because referring them to online shows that know Manuel evidence of cryptoccurrency. And if their is any article that guide bitcoin.
Bitcoin was made by an intelligent person and that means we need to level ourselves with that creator for us to understand it BUT developers created a way for Bitcoin to be understood easily. Further developments made Bitcoin usable by many people and it was really fruitful. Even though its hard to teach to some close minded people, some users who really are interested can learn it slowly and they will understand the whole Cryptocurrency Industry if they stay long enough. |
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The question is like, "Does having Bitcoin helps you in life?". Well, in some situations it helps but mostly its for the investments. Asking whether Bitcoin is legit is actually one question of mine when I was just beginning to learn about Cryptocurrencies. Its too good to be true but its true. All we need to do to gain or earn Bitcoin is utilize our time since that is the only investment necessary to gain Bitcoin and other Alternate Cryptocurrencies. Bitcoins legitimacy is already proven by the people who earned and created a living out of it.
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"Humans will not be replaced by robots very soon" --- yeah right !!! Mof...kers did you watch the video on youtube with Atlas doing parkour ? https://www.youtube.com/watch?v=_sBBaNYex3ESkynet is coming !!! Arm yourself's. Humans being replaced by robots is still possible but it would only be possible for jobs that require repetitive steps without the need to observe the manufacturing process. These situations are already happening in some facilities but they cannot still fully operate without manpower since these robotic technologies are still prone to defects and malfunctions. |
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Hi, guys!
Do you have any idea what will be the next trend for 2021?
I guess NFT, but what is your opinion?
Let's discuss it!
Thanks.
The current Booming trend is DeFi and we can see that it is still doing some pretty good developments throughout this year. Maybe we can expect more from DeFi next year since lots of campaigns would base off from that system. |
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Bitcoin can seem like it is intimidating and that is why it will look like its not User-Friendly but some exchanges and applications within the Cryptocurrency are made to be easy to use. Nobody wants to use a hard interface but as much as people want to develop an easier one, the ones existing are the best kinds there is since its hard to balance security and the pleasing appearance of these applications.
Bitcoin is already User-Friendly as it is since most local applications are really helpful on how you can convert Bitcoin into your own currency.
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I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto. But after Covid came today, I decided to return to the crypto world, and I hope to have a good profit here. what if i invest my business in bitcoin? is bitcoin still good?
As someone who runs a business in the Physical World, you will really hit some barrier with regards to your business if the Government has no plan to mitigate the effect of the Pandemic. Bitcoin on the other hand can only be affected with regards to the supply and demand system of the Cryptocurrency Industry which makes it good since there are new Utilizations coming out within this virus outbreak. Like Cryptocurrencies that can support health systems and the booming DeFi. |
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I do not think that it can replaced since you cannot wear Bitcoin as an accessory right? You also mine Gold like literally by going undergrounds and straining water near gold mines. Bitcoin on the other hand made a name for itself digitally. They would surely coexist but Bitcoin replacing Gold is not possible. It might surpass its value but I think that's it.
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I am agree with your statement that television plays a key role in eldery people's choices. Lots of them still do not understand that TV is just a huge mechanism of manipulations. Sometimes even in case people among elders use computers, Internet and even online means for payments or so, they still used to believe to the news and statements of government representatives. But I saw and met among elder people lots of who are very deeply involved into crypto world and even always hold their finger on the pulse on the new directions in crypto like DeFi, different new projects and so on. In my opinion it is better to choose people who are active in life in general. Because those elder people who prefer stating at home and watching TV, live only for payments from the government, they will not be ready to leave their comfortable armchairs and to accept changes even with some perspectives. It would be easier to explain the topic of Bitcoin and crypto, because active people in life in general are more open to the new views and information, they are not afraid of trying something new and to change something in their usual life. And first of course - it is better to show them new opportunities that may appear in their lives in case of using crypto and Blockchain.
TV ads about Bitcoin could greatly induce the elderly into knowing more about it. However, such efforts could be in vain as most seniors aren't into the latest technological breakthroughs. All the "technical jargon" surrounding crypto/Blockchain tech, makes everything look complicated especially to non-tech savvy people. The elderly are better off using physical cash for daily payments, as it won't be going anywhere soon. It might take decades before the world's economy fully transitions into a cashless one. While we're in the "transition phase", physical cash will still be a relevant payment method. I'd expect the elderly choosing physical cash over Bitcoin because of its easier learning curve and price stability. Only a small minority will use Bitcoin as an alternative financial system for their own benefit. All in all, young people will be the ones that will adopt Bitcoin to a full extent. It's evident that old people are reluctant to change. They're accustomed to the traditional way of making payments via the legacy financial system. While it's not that hard to make the elderly understand how Bitcoin works and how to use it, most of them will continue living with Fiat. There are many educational materials available on the web right now that you can use to carefully guide old people into the "crypto revolution". In all ends, the decision of joining Bitcoin will ultimately lie on the person himself. Just my opinion  That is actually a great idea BUT placing it on public advertisements means that it won't just be introduced to the elderly. It would also present Bitcoin as an usable Currency that people can gain money from. It would go through lots of processes before making it into an advertisement since networks won't advertise what they do not understand. It would still be a good idea to just show results and outputs from what can we benefit from Cryptocurrencies. In that way, people who are only interested would be entice to ask necessary questions. |
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Seek for more crypto knowledge before investing in new projects, it's not always that easy to choose, as a newbie it's better to stick with old top altcoins on coinmarketcap, why? Because many newbie are in rush to make fast returns, if you are this type pls go for better top coins, 90% of new coins aren't serious at all, they are here to steal money from investors and give fake promises in return
Newbies are safer with top altcoins until they start learning how to choose wisely, do better diggings on new project to avoid scams
Cov-19 have been used to scam many newbies and even Corona virus coins are built too which have no real use cases
Play safe and be willing to learn
That is a good advice to newbies since they won't be spending time within new Alternate Cryptocurrencies that is not yet known and might just scam them. Learning about the top Alternate Cryptocurrencies is a good idea since most of them just branches out into new ideas and learning from the best is a nice thing to do. If the newbies are risk takers, then they should tread carefully since losing money is one of the saddest thing to experience. |
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