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If you don't want to store your assets in a bank or a third party is holding them, bitcoin is a better choice than fiat money and gold. But with volatility bitcoin is actually quite risky, your asset can evaporate quickly if we are in a prolonged bear market. Nothing can guarantee that everything is 100% safe including gold, so it depends on the individual's point of view.
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Bitcoin mining requires energy. Impossible to mine bitcoin without electric power.As a result of many machines and tools this bitcoin mining work is done. Adequate current is required for mining Adequate mining in some countries resulted in a shortage of electricity in those countries.Must do bitcoin mining Energy is needed.
Bitcoin mining requires energy, even a lot of energy, but not wasteful and not to the extent that it pollutes the environment or is the main cause of global warming. It's all just a theory to suppress bitcoin by some bitcoin haters. Bitcoin like any other industry has to consume energy and produce emissions. But they all serve and bring real value to people's lives and so does bitcoin. |
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Bitcoin up and down is quite normal, I am not surprised by this. Bitcoin has a reputation as a volatile investment channel and the nature of the crypto market has always been hyped, many people invest in cryptocurrencies for this reason. The reason bitcoin keeps dropping in september is because of china ban (it repeats too many times) and the 10% increase in one day probably came from the assertion of Federal Reserve Chairman Jerome Powell. De does not intend to ban bitcoin and cryptocurrencies as China did.
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This is not new news for the market, China's ban has been in place since 2017 until now. Every time China's ban was spread, the market fluctuated and then the market goes up again. Instead of taking this as bad news and spreading FUD, then I think this is an opportunity where we can buy more bitcoin before it bounces again.
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We still don't know what bad things you've been through, but consider it a lesson like any other in life that you have stumbled upon. Don't lose hope and give up just because of something bad. If you decide to give up crypto, you will definitely regret this decision in the future, Cryptocurrency is the trend of the future. Hope you will come back to the topic and tell us what your real problem is? everyone on the forum can give you the best advice.
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1.You and all those who have not yet invested in crypto still have the opportunity to build a portfolio. Crypto is a long-term investment market and it's never too late for anyone. crypto-friendly and suitable for all walks of life. Build yourself an investment portfolio right now.
2.There must be volatility in the market, that is the nature of investing. So it's hard to answer that, there is a decrease, there is an increase.
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at 2017 -2018 if you are invested in btc then right now you can collect a huge amount to use like in education , in health, in your family or your future plan.
The same you can do now. You can invest in BTC in 2021 year, hodl and in 2024-2025 after the next halving you can collect a huge amount to use it for your needs. Thats right, with limited supply and growing demand for bitcoin ownership. if people miss 2017-2018 to own bitcoin at low price. 2021 we still have a second chance to own bitcoin before he goes to the moon with $100k. Bitcoin price is trending down in recent days, but exchange metrics still show that major bitcoin storage wallets are still quietly buying more bitcoins for around $40k. Business software company MicroStrategy announced that it has purchased an additional 5,050 BTC(14/9) El Salvador bought another 150 Bitcoin when the price of this cryptocurrency dropped to $45,500. Currently, the Central American country is holding a total of 700 BTC.(20/9) |
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In my country Someone bought a BMW Car by scamming in crypto transections and Police arrested him and told that the guy was a cheater and he was a crypto scammer.And this case is now the most viral topic.This incident shocked the whole country and also the Central bank authority about how he got this huge money and this incident put a bad impact in crypto.
I think Digital Currency like Crypto isn't getting much popularity because of these Scammers.They are one of the most strong reason why Government's aren't showing interest on Crypto Transections.
Same in my country, Crypto is being used by some people to fraudulently appropriate other people's assets. This affects the reputation of bitcoin and crypto,because most of the people who get scammed in these scams don't really understand what bitcoin is, they only know that bitcoin investment to bring profit. But that is no reason for the government to put pressure on the market. The government is clearly looking to get rid of crypto because they cannot control it and to the detriment of the monetary system they are behind. |
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This is really necessary. It's not because the price of bitcoin has gone up so much and we make a profit from it, bitcoin and crypto are clearly the technology of the future. It will soon be widely recognized and will change the world, we should introduce cryptocurrency and blockchain into student programs as soon as possible.
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I just remembered the poly network heist, one of the biggest heist in the history. Is there also a possibility BTC can be hacked? If it is, I bet every currency will start to declined. How safety BTC security for you? Want to know veterans answers.  In bitcoin's 12 years of existence, there has never been an attack on bitcoin. We have heard many times bitcoins are hacked and stolen but all of them are from exchanges. All of these attacks are not vulnerabilities of the bitcoin network and are vulnerabilities of exchanges. Attacks that rocked the crypto market include: 1. Mt.Gox Hacked date: June 19, 2011 and 2014 Hacked amount: 2609 BTC, next batch is 750,000 BTC 2. BitFloor Hacked date: September 2012 Hacked Amount: 24,000 BTC The hacker obtained the key to access the exchange's Bitcoin wallet. This key is not encrypted, it is stored online as a backup for the offline hard "key". And BitFloor closed in 2013 3. Bitstamp Hacked date: 4/1/2015 Hacked Amount: 19,000 BTC 4. Bitfinex Hacked date: August 2016 Hacked Amount: 120,000 BTC This is the second largest BTC hack after Mt.Gox, the number 120,000 BTC. The cause of the hack was that the hacker successfully exploited a security flaw in the multi-key authentication e-wallet mechanism used by Bitfinex. And many more hacks going on on crypto exchanges, so you should be very careful and learn how to protect your assets to the maximum. |
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Covid 19 has an impact on bitcoin but it has a beneficial effect on bitcoin. The epidemic caused people to lock themselves in their homes, unable to go out to work and completely isolated from the outside world. People start looking for an online job to earn income for their daily life and bitcoin is a great option over others. It can be seen that the crypto market this year has achieved many amazing achievements from the capitalization to the popularity of bitcoin stronger than ever. Covid 19 has created a new economic crisis. Those looking for asset havens and investments other than gold and bitcoin stocks are also a great choice.
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Youth is an expression of intelligence, agility and better adaptation to life and the future of the world. They love to explore and learn new things around them. they have easier access to technology and the internet than middle-aged people. Invest in crypto sometimes doesn't require a lot of capital to get started, they may not even need seed capital, as long as they have the determination and hard work.
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25k$ is quite a lot for a beginner, I don't know before you and your uncle bought some coins. Have you discussed crypto before?. I think you should teach your uncle the basic things about bitcoin and cryptocurrencies before investing so that he understands where he is investing and will hold himself accountable when the market is not good. One more thing: the coins that he invests, I think only BTC, ETH, BNB should be invested these are the safest coins for newbies. It can be said that ADA, DOT .. are potential coins but in the market we can not predict anything.
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Just by looking at what's going on, we can say that the future of bitcoin is looking very bright. El Salvador accepts bitcoin as legal tender, Some large corporations like IBM, Nvidia, Mastercard, or Visa have made moves to show interest in the crypto market. The attraction of Bitcoin is really spreading globally and no one can stop it.
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As you said, you are in need of some basic skills to hold a large amount of bitcoin long-term. There's really a lot we need to learn in this market. The most basic thing I want to tell you is to learn more about the benefits and risks that bitcoin can bring to you. You must master the psychology of entering the market, emotions determine 90% of the crypto market. And to be safe when holding bitcoins, you should find yourself a hardware wallet to store bitcoins.
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Oh yes, they hate it so much they don't want to participate in trading. First of all, they don't want something that goes up and down so fast. They just want stocks and all these traditional investments and for them that is already instant money. Also, they don't like technology so much, in a sense that they don't like something they don't understand. Most of them are the boomer types the old rich guys that don't want to mess with new tech.
Stock can also go up and down quickly. And I can suppose that they earned their millions with the help of technology and progress also, so hating them is not the true reason. I think that they hate Bitcoin, because people that are in cryptocurrency can became millionaires also. That is it. They dont like the fact that they can no longer be unique. Lets say you are the only millionaire in town, one year passes, and there are already 30 of people like you. They used to be VIPs, but not anyone with enough luck and a decent amount of capital can become the same. I was read a crypto data report from research firm bitinfocharts. According to figures as of early 2021, there are about 100,000 people with 1 million USD or more accumulated in their bitcoin accounts. Of which, more than 8,000 have 10 million USD of Bitcoin or more. Obviously, bitcoin has been creating a lot of millionaires and billionaires quickly. Rich people will not like this because they always want them to be unique and unique. With the growth and increasing demand of bitcoin, the millionaire created by bitcoin will not stop they will not stop hating bitcoin and finding ways to drown bitcoin. |
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for people that don't have any risk or big money to spend then it is not best to invest in bitcoin now, because the price of bitcoin is a bit too steep for normal people to invest in. instead maybe try to invest in altcoins and do day trading so that you can work your way up and finally invest in bitcoin.
Its still better we invest bitcoin now. If you have missed the opportunity in the past then don't miss this one, in the long term bitcoin will continue to increase and bitcoin value will not stop at 64k$(Bitcoin's most recent ATH). Investing in altcoins and do day trading is not easy. It takes a lot of research and takes a few more years to sell to make a profit on day trading. |
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I think the value of gold is not really rise or fall, it is fiat price that fluctuates and tend to fall. I don't consider gold as investment but just a safe saving. For me gold is a store of wealth, the value of bitcoin increases day by day but there is always a risk involved. So I don't put all my assets in bitcoins, I allocate them. I think the price of bitcoin rise is not because of it competting with gold, but it is because bitcoin competting with weak currency that have high inflation rate. People start to doubt about fiat money and looking for an alternative currency such as bitcoin.
People are slowly realizing government manipulation through fiat and bitcoin is clearly the perfect alternative to fiat. Bitcoin is getting a lot of attention from the outside community. With limited supply and transparent, decentralized what people are looking for that fiat doesn't have. This causes the value of bitcoin to increase. |
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I'm not giving up completely, I still participate in some airdrops but not many. Did you participate in 20 airdrops without receiving any of them?. Did you do the research before joining?. Airdrop is no longer a place where we can make money but not all of them are scams. You better skip if you don't have time to choose and focus on the bounty campaign, I think it will be better.
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Currently, we have not seen any bounty launched on Solana, when ETH had a gas fee problem, most developers chose BSC as an alternative. Recently I started to see some projects started with Polygon like Escrow protocol project , Citizen finance also started paying residual rewards to hunters through Matic network. Solana continues to maintain momentum, developers will soon run bounty projects on the sol network.
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