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of course, there is nothing to worry about. we must see the future, many can be applied with this technology. This will open more blockchain implementations for various fields of life, not just about crypto currencies and markets. only takes more time, and makes the technology more stable to be able to be used on a larger scale and worldwide. agree, because over time it will make it stronger.
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all depend on the user in the market, those who have bitcoin can give their role in the market in determining prices up or down. so it takes experience in understanding bitcoin on the market. many bitcoin fans, especially because they are tempted by the benefits that can be obtained from the market. there is always demand, which ultimately makes prices rise, and vice versa. I think, bitcoin won't be stable for a long time. it will still fluctuate.
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in my opinion, any investment including bitcoin has advantages and disadvantages. we can't just talk about profits as you describe. every investment that has the opportunity to make big profits, must be followed by a big risk. there is no absolute in terms of security, ease, value and others. changes will occur over time.
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of course, the first thing is regulation. because to be used as a payment instrument, the government must recognize it. next, we must be able to introduce bitcoin to every level of society. this is important, because bitcoin must get the trust of everyone to be recognized as a payment instrument that has value and can be used as a medium of exchange for an item or service. there is still a lot of time needed for that to be achieved. and that is and is currently underway. how we introduce and show bitcoin as something that is valuable and useful for life, will determine everyone's respect for bitcoin. not just focus on how much value and profit we can make from bitcoin or other cryptocurrencies, but more on flexibility and implementation in people's lives.
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crypto made by the state will be different from crypto most of the time. because crypto is made by the state, the value will be the same as fiat or the country's money. it makes no difference with the exchange of national currencies. crypto made by the state, will have a more stable value, and this will not be favored by most cryptocurrencies users who often trade by utilizing fluctuating prices on the market.
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the central bank might issue their own crypto currency, using blockchain technology. However, the central bank's crypto currency will certainly be different from the crypto currency that currently exists. Because the crypto currency released by the central bank will still have assets that are the basis of the transaction. and the pattern of calculating the circulation of crypto currencies will be adjusted as well as circulation of state money. decentralized, anonymous, and some of the characters of bitcoin as cryptocurrencies may be lost with the central bank. because the state is always present to be able to control and they will not risk something they cannot control. it is inversely proportional to the creation of bitcoin
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of course, that will make state financial transparency better. people can see and help monitor the use and flow of funds.
I hope the government can implement it, and surely they will do the assessment first. there will always be those who support and reject, and of course corruptors in power in the government will not be happy with this technology.
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one side, it is exciting for those who are familiar with cryptocurrencies. because it is recognized that it does not violate the rules. The authority can apply regulations regarding crypto to protect investors. the government can collect taxes and create employment opportunities.
but I also agree, there are other problems. many around us do not know cryptocurrencies. how they will accept this for use in everyday life. need understanding for those who do not know crypto, so crypto can be accepted and used to transact with people around us.
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I think, it's difficult to implement. every country has sovereignty over its own country including in financial matters. it is unfair for some countries, because it will benefit only one country. every country has the right to determine monetary policy to control the country's economy. it will be difficult if you use one single world currency because the impact will apply to all countries in the world. it will cause economic chaos in various countries.
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because it is decentralized, there is no body or authority that can fully control. the rise and fall of prices in the market, it is determined by the market participants themselves. for those who have little, it will not affect the market too much. but for those who have great ability, they can influence the ups and downs of prices in the market. s how they take advantage quickly. is there a limit, how many coins can someone have. because if not, then anyone can control prices in the market depending on how much he has. understand how it works, because every actor has control of himself and takes on his role in the market.
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for those of us who live in a country based on law, all are regulated by laws and regulations, including legal legitimate currencies used as payment instruments. it is impossible for the government to eliminate legitimate currencies with altcoins or other cryptocurrencies. digital currency may be used as an alternative in providing convenience in digital transactions. but the value is the same as fiat used. and that is different from the altcoin value.
maybe altcoin is accepted into our country, but not as our country's currency. and for a long time, the country's current currency will still survive. although more and more altcoins and cryptocurrencies are emerging.
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