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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Airdrops at the moment when it comes to this program the average of the community who do not believed in this are only few, it is still the majority of them believed and participate in the airdrops, and yet when it comes into payment a lot of them got disappointed, then for the bounties it is also hard so far to determine if it is legit or not.
There are still some worty bounty and airdrops. However, their numbers are much lower and more difficult to find. However, it is possible to earn better from here if you participate in them selectively. Airdrops and Bounties are still popular forms of promotion in crypto. Nowadays there are many airdrops created just for the purpose of fraud, stealing information, some airdrops even force you to transfer a little gas fee to complete the task. But considering other aspects, I think the airdrop is still a suitable form for newbies to the market. It creates an environment that can help newbies to crypto with some basic skills we should also take the time to be selective carefully before participating. |
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Bitcointalk Username: Marvell1
Current post count: 2523
Merit earned in last 120 days: 3
Your SFUSD deposit address : SQQ1nq9Z4Bh7nPKjhoZw7nmGvYjTR6w8QD
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Bitcoin is indeed a safer haven than fiat even better than gold but there is no guarantee that it will be absolutely safe. Risk is always present everywhere. Bitcoin volatility is really a huge risk when investing in bitcoin, it can go up or down in a short time. Not everyone can make a profit in this market.
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It definitely won't happen. No matter how good bitcoin is, once it harms the government they will find ways to suppress it. It's best not to happen. To replace the government, cryptocurrencies need more than just smart contracts. Although the government has problems that make us unhappy, we should not seek to eliminate them altogether.
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I will convert my bitcoins or altcoins to local currency when I really need money or something. Gollum sacrificed his life to hold the ring and then he also vanished with the ring. Bitcoin is also a currency, an investment channel that ensures daily life, so I will sell when necessary and will continue to accumulate BTC when I can.
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Bitcoin is decentralized, anonymous. We use bitcoin instead of fiat because we want privacy and safety. If we use KYC it's no different than we use fiat, privacy and identity, personal data is controlled by the government or third parties and it is possible that our personal data will be used for malicious purposes. Would you like that to happen to yourself?. Definitely not, no one likes that.
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Technically, Bitcoin is the best coin lately in terms of the price. It is still the number one cryptocurrency by having the most dominance which is around 41% now. Ethereum is the second best for me now and it has a really big potential for the future. With the help of Ethereum 2.0, I believe that it will reach a great level in time. And maybe it will even leave Bitcoin behind at some point. But as it doesn't have a limited max supply, it will be really hard for it to get past Bitcoin in terms of the price.
In terms of price, it is clear that ETH or any altcoin is unlikely to surpass BTC. I agree that BTC is the best and king of crypto, but the future is unpredictable. There have been many opinions that ETH will soon surpass BTC. Goldman Sachs and JPMorgan have pointed out the difference between ETH and BTC, they predicting the market capitalization of ETH will soon surpass BTC in the long term. |
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The simplest way is to hold your bitcoin no matter what happens when the market falls. Turn off the app and you can relax or find another job without always having to pay attention to your screen. And hold bitcoins for 3 to 4 years or more, Bitcoin is a long-term investment. I am sure that you will be profitable in the future.
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This only happens to newbies who are inexperienced with the volatility of the crypto market. On September 7th as an example, the bitcoin price crash over 10k USD in less than an hour. For newbies, it's terrible when they see their money lost and they don't know how to react at that moment. Perhaps choosing to sell is the last thought they have.
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Pancakeswap and Uniswap are both extremely powerful AMMs, there are many services to offer. Pancakeswap is based on BNB and Uniswap is based on ETH platform. At the moment, most people will choose pancakeswap because uniswap runs on ERC20, so there are many issues with token deposits and withdrawal fees. ETH transaction fees are still not fully solved. However, Uniswap owns a large community, sponsors as well as human resources to develop the project. So I still believe Uniswap will win in the long term.
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Sorry to break the news to you friend, but Ukraine had never made Bitcoin illegal. Even before this law had passed, no one was going to get caught or prosecuted and sent to jail or fined for using/trading Bitcoin.
The only thing this law does is regulate crypto, which can be good for business, but the restrictions also limit the use of it for other than purposes defined.
The main purpose behind this bill is to provide asset clarification and protection for Bitcoin holders, as Bitcoin was previously considered illegal in this country. Now, when this bill is passed Governments and courts can reasonably protect individuals and businesses. |
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The difference between the Ukrainian Bill and El Salvador is that the Ukrainian government is not accepting it as legal tender, so you can trade it as a Commodity in a centralized and regulated environment, but it is not recognized as a Currency. So, yes... it is good that it is not banned... but it is bad news when they start regulating it and identifying people behind the tokens. The government can then confiscate it, like they did with Gold in the US. (They simply raid the centralized exchanges and they take the coins in Cold storage)  You should be your own Bank..... You should control your Private keys.  Yes! Although Bitcoin is legal in Ukraine, that does not mean BTC will become legal tender in this country. This would require another bill to enforce. But with the situation being so good, I believe this could happen in the near future. |
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I think a lot of information appears on Twitter about BTC, and most of the news is on companies or projects that like the development and progress of cryptocurrencies, especially bitcoin. And what is more interesting if the news contains Bitcoin Whale or Bitcoin Bearish.
Twitter is considered one of the largest social containing information about crypto. Most of the market news, KOLs are active on this platform, Information about projects is constantly updated and appears first on twitter so it is not surprising that bitcoin is trending on twitter. This happens every day. |
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Aside from El Salvador, the country that officially accepted bitcoin as legal tender yesterday, no other country has done so. All the rest of the countries are just considering accepting bitcoin. I recently read a report that the Cuba Central Bank is considering the recognition and regulation of crypto used for payments. https://cointelegraph.com/news/cuba-set-to-recognize-and-regulate-cryptocurrency |
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7 september 2021 bitcoin became the first legal payment in history, I think if el salvador takes that step, I am very sure that many of their people will protest, because there are some of their people who don't understand bitcoin, don't use bitcoin as a legal means of payment, sometimes they don't even understand bitcoin to adopt bitcoin, preferably before the government makes bitcoin a legal payment, the government should approach their people first, educate them about bitcoin,
That's right. This is important milestone in the history of bitcoin. But not everyone is interested in bitcoin becoming legal tender in El Salvador. A recent survey found that 7/10 Salvadorans want Bitcoin laws to be abolished and 9 out of 10 respondents do not have a clear understanding of what bitcoin is. |
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When it comes to gold, it represents expensive scarcity and wealth if someone owns gold. "expensive as gold", "precious as gold", that's what people keep saying. People call bitcoin digital gold because it simply has many similarities like very precious and rare. Even in terms of technology bitcoin is superior to gold in every way. Bitcoin can be used as a payment method, is an investment tool and also a safer store of assets than gold because it is anonymous.
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It's obviously impossible to predict what the maximum bitcoin price will be. But I like the volatility of bitcoin and don't expect it to be stable in the future. This is the trait that has kept bitcoin alive since its creation until now. If bitcoin is stable then I think bitcoin has been different from the way BTC has been in the past 13 years.
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