Why do not we do if that can be an advantage for us, investment in my opinion is very important for now, where the current economy is rapidly rising with age in this world, which is certain if we do not have savings for the future it will be difficult also our economy in the future.
From following the investments from Bitcoin, we will have the means of saving for the future, which will certainly raise our financial returns as well as our living economy.
It's time for us to learn now, and also work on the investment world from Bitcoin, which will get us the result, which is a success we want in this world.
Of course, When the economy becomes uncertain, people will tend to move their assets to hedging instruments, which are fixed values even though the economy is slowing down. For example, in the economic recession of 2009, gold prices are getting shiny because people are competing to buy gold to protect their property from impairment. Similarly with bitcoin. In addition, the Bitcoin system allows people to protect their property from anyone's reach, as long as the private key is maintained. This is very much different from the traditional currency system in which the central bank may take some money from the consumer's account. |
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Today in South Africa on our radio station 90.6 at 13:00 the presenter even read the current Bitcoin price. This is amazing to keep our radio listeners up to date.
Does your country radio stations keep you updated with the current Bitcoin price?
Wow .. that's great, I think it's fun. Though it did not happen in my country, but I'm thankful the government in my country did not completely ban bitcoin, because, there's still a television channel announcing bitcoin. I hope that happening in your country can happen in my country. |
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I think it takes a long time to evict fiat money significantly. Behind the fiat money there are the most interested parties, they are the government and the conventional banks. of course they will not remain silent.
And another problem is, for users who are outside the reach of the Internet or remote places, chances are small to use crypto currency that requires connect with the internet.
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Well .. surely, this is good news for the development of cryptocurrency, singapore is one country in Asia is very open with technological developments, I hope this step singapore can be followed by other countries in asia. Because this Singapore act can prove that Cryptocurrency is not "dangerous" for the economi reconstruction of a country.
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Hi,
I'm from Poland and in my country it's illegall. Could you tell me how it looks in your countries? What's with taxes?
Gambling activity in my country, Indonesia, currently includes illegal activities. The fact that my country has set strict rules on gambling activities including casinos because of my country's devotion to religions that do not allow gambling activities including online casinos. All types of onlie casinos, room poker, bingo, etc. are prohibited in my country. |
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I think the fall of the current cryptocurrency market is caused by concerns about tightening regulators in different countries, This matter have been prompting continued selling. Yes, the sell-off comes amid concerns of aggressive moves taken by world regulators seeking to tighten regulators to manage bitcoin and cryptocurrency in the many country. In the last few, all types of cryptocurrency are being held up due to increased oversight of a number of regulators.
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Why do people still buy bitcoins !?
Hmm .. The instant answer we often hear is: Because people still believe the price will go up, because more people come to speculate, that this is a big-time cukong game, and so forth.
I'm sure it's true, but most people do not see a simple reason beyond the reason for the conspiracy theory, that many people buy bitcoin is simply, and that's because it takes. Need what? Not yet many businesses that receive bitcoin as a means of payment? That transaction cost is now too high for that.
Remember that bitcoin has been transformed as the new tax haven. Where people can safely save money, free from government and tax officials, can not be frozen by anyone, can be availed in almost all countries with relatively minimal transaction costs.
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Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.
What do you guys think?
I agree with you, I have the same thoughts. Bitcoin is a symbol of financial freedom, because that is why I prefer bitcoin, because even if risky and highly volatile, you have full control over your money, you are free to perform financial activities including investments. |
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Is it too late to buy Bitcoin right now? Questions like that are not new questions, this is a question that is also asked when Bitcoin's price is at $ 10, $ 100, $ 1,000, or along Bitcoin's journey reach the highest price of last year.
Today, bitcoin prices are on the decline, but that does not mean bitcoin prices will not rise again, although nobody knows what will happen to Bitcoin price in the next time, but the mainstream adoption of various societies is automatically will continue to boost prices Bitcoin to further again.
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We need bitcoin because Bitcoin is not an inflationary.
If the economy in a country is sputtering / overwhelmed, then the government can print new money and inject it into their economy, through a widely publicized process known as quantitative easing. This causes the value of the currency to decline.
Bitcoin is designed to have a maximum of 21 million coins to be outstanding. That is, the amount of Bitcoin will not increase again, so inflation will not be a problem with bitcoin.
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Of course not, I agree with you, bitcoin is just a vehicle, we run it.
And on crime using bitcoin, I feel that bitcoin has been treated unfairly, there should be no attempt to ban bitcoin. Bitcoin like the internet, many people use it for various crimes, but to many are using it for positive things.
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Banks have been part of our society for so long that we forget what exactly they do. We regard it as a bastion of security and stability. They hate Bitcoin because of that inherent instability.
When bitcoin is born, Bitcoin attracts a lot of public interest because Bitcoin offers a system that restores control and power to the money owner.
so, I think, traditional banks feel uncomfortable with the competition brought by the bitcoin system. Therefore, it is not surprising that currently the most frequent party to hate bitcoin is the banking party.
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I think the bitcoin investment opportunity is the same as other investments like stocks, properties, etc.
That is, bitcoin investments that have the potential to generate profits but also have risks that can cause you to lose your money.
So, as business experts say, it's not the right thing to keep all your money in just one investment.
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From what i know. Bitcoin still growing fast in china, The use of virtual money in china got time was banned, but it was only temporary. The Chinese government's move to ban the cryptocurrency at the time is related to the possibility of money laundering through the virtual currency. This was announced by Robin Zhu, one of the top brass in Huobi.
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Yes of course, the Bank won't make you rich. If you are more observant in calculating the savings, it turns out savings interest in the bank can not cover the administrative costs. If it continues like that, money saved in the bank will not increases, but will continue to decrease every month. added with the inflation rate of 1.5% or 5.7%. So, your savings will continue to decrease.
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I am sick and tired seeing thread here on legal about the reasons why bitcoin is illegal on other countries. Its about a hundred same topics. So here are my assumptions hope this would help.
*TAXES
- I think its the main reason of all these. Government didnt know how to categorize bitcoin for their taxation whether it would be on a passive income or not because BTC is also a currency. Thats why its better for them to ban it.
*BANKS
- Crypto becomes a threat to them leading investors to invest on cryptocurrencies rather than them. The monetary system also will change if Bitcoin becomes more popular than fiat. Central banks, which is a part of the government would make some inforcements to stop this.
*SCAMMERS
- This is the good side of all this illegalizations, to protect people from increasing number of scammers on the internet. But if that so, its not a reason why they would stop people from achieving all opportunities bitcoin would give.
Correct me if im wrong, but these three are the main reasons why i think bitcoin is illegal on other countries
Thank you, really good reviews! I agree with the three points you mentioned. Well, sometimes, I strongly disagree with the government's reason for making illegal bitcoins. I am increasingly seeing the greed of the government by trying making news and information overload about the negative side of bitcoin. |
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According to different Statistics the Future of this virtual currency is so much brighter than others currency and people will find very easy to deal with every thing through bitcoin. some Reasons are really very fruitful for economical development such as
1.In future buying bitcoin is more easier than past condition ad people can complete so many task very easily.
2.most of company use bitcoin as a local currency that helps to regulate bitcoin like regular currency and more company will interest for using this currency(bitcoin)
3.international client are more visible if this currency will use globally.
4.in future if government use the protocol then cyrpto-currency will protected and people feel safe for using this currency.
Yes, a very interesting review !! However, there are factors that can influence the existence of bitcoin as a medium of payment and exchange, namely government policy and central bank. It can not be denied, that the presence of bitcoin and other crypto currencies has the potential to threaten financial institutions of both banks and non-banks. |
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HI GUYS, right now we've seen that bitcoin is very unstable , many people said that it will be dead sooner ? how come ? i cant stop laughing when i heard humors like this. FIRST OF ALL bitcoin is the first digital virtual crytocurrency that introduce in market . SECOND ALL COINS DEPEND ON THE PRICE OF BTC . THIRD MANY PEOPLE CHANGE THEIR LIVES BECAUSE OF THIS. FOURTH IM EARNING MORE THAN YOU DO IN YOUR COMPANY. have a happy tuesdays everyone.
First, I think statements like these come out of the mouths of those who do not know about bitcoin, they think when bitcoin prices fall or unstable it signifies bitcoin will die. Obviously, it can be ensured that they do not understand about bitcoin, they do not know that the decline or unstable bitcoin is a natural thing. |
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I think, this is not about which is better than bitcoin and altcoin, both are good choices. However, if you can not buy both simultaneously, maybe altcoin is a wise choice.
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Yes I agree with that. Interest in Bitcoin, both as an investment asset for a diversified portfolio or as a faster and easier means of payment, has driven the adoption of this digital currency with the increasing number of Bitcoin users in the world. And I think this will continue to grow.
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