Given the events in Afghanistan over the last week, it is a great example of where bitcoin could have been of great use to the people of the country. The currency, the Afghani, fell to record lows. Anyone who owned bitcoin was protected and could escape the country with their assets, not worrying about capital controls or confiscation at the border.
Given that China sees how weak the current US administration is, Taiwanese should beware and should have escape plans in place: assets offshore in the US, EU, Switzerland etc and some large percentage in bitcoin. The people of Hong Kong had an opportunity to do so, and probably still have a slight window, but right now Taiwan is in a place where the people should be concerned about the communists at their door.
I don't think bitcoin would be fit for Afghanistan especially given their current state. Bitcoin is volatile. It requires knowledge about how it works for someone to fully utilize it. In addition, the processing time is longer and transaction fees are higher compared to the usual digital banking. Although I get that bitcoin is really useful if you will really think about it because of its decentralized nature, meaning even Taliban group won't be able to regulate it as much as they would want to; but we must also take into consideration that Afghanistan is a country that is far from being developed. Their citizens would definitely have a hard time most especially if they will just be introduced to bitcoin by now. I don't think most of their people have resources as well as of now that their country is in chaos. In addition, the establishments that are accepting bitcoin are still limited particularly to the developed countries, hence, using bitcoin would be futile because the adoption in their country doesn't happen yet. |
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Some folks despite the visible positive impacts of cryptocurrencies and reviews from Jack Dorsey, Elon Musk, Michael Saylor and other popular crypto advocates have refused to change their stance on it. They don't just oppose Bitcoin or other cryptocurrencies but they wish it would die. For example, Buttcoin is a reddit forum where Bitcoin is "crucified" daily. In that forum, Bitcoin has been called "a scam", "a negative sum game". Also, David Gerald who is an anti-crypto activist has publicly cleared his hatred for cryptocurrencies and blockchain technology. According to him, “I think the future of cryptocurrencies is that it will become increasingly regulated and normalised. People want regulation of this because they want to know where they stand and what they can do with this sort of thing. I think that speaking technically they are junk-quality assets. They are not backed by anything they are volatile as hell. They have a price because people will pay for them and that’s all.”
My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?
Bitcoin is often associated with schemes and scams and most people who aren't knowledgeable enough easily believe the rumors and fake news without fact checking it. That is why the reputation of bitcoin is tainted in the mainstream media. When people read articles about it connected to a scam, they always assume it's true. In addition, it may also possibly because they have lost a huge amount of money in risking to cryptocurrency. Maybe they can't get over their losses due to hype or FOMO and they just divert their anger toward bitcoin itself instead of blaming themselves for being so careless. Maybe some really got scammed by a scammer claiming to be involved in crypto but the truth is it's just a bait to get trust and money from their victims. Maybe some people got invested in it but got hacked because of phishing or because of fake application and they can't help but to curse they have known bitcoin when in fact it's their fault that it happened. You see, there are endless possibilities why people have so much hate towards bitcoin. We just need to look at their perspective to know. |
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I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
There are many other ways to be rich aside from bitcoin. While it is possible to become rich because of cryptocurrencies, you should know that there are many other people who are also aspiring to be wealthy with it. Hence, it's still better to diversify if you'll ask me. Many other sources of income is great if you really want to be on the list of top richest people in the world. Diversified fund allocation is a must. Different investment vehicles are of important to generate more money. Also, please be reminded that bitcoin isn't a get-rich-quick type of scheme. It is volatile and you should know that its price value depends on what season the market is currently at. For someone to become the richest man in the world, first, he must have a lot of bitcoin to begin with. After that, he must wait for Bitcoin's value to mature and go up higher than the value when you compared to the net worth of the richest person and then divided by his number of bitcoin. |
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Manny Pacquiao has it all, I mean you can see his boxing records and his amazing performance every fight and for me he is the greatest boxing fighter of all times. Unless the fight is gonna be rig, my bet would always be ln Manny Pacquiao because he never disappointed us in his previous fights. I made a lot of money in him with my friends betting on who's gonna win in his every fight before.
My bet is that he is going to dominate this coming fight again and make his opponent give up after few rounds.
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Science explained why we are addicted to gambling and this is what it says: Prefrontal cortex
The other brain region that is often implicated in gambling and substance use disorders is the prefrontal cortex. This region is involved in decision-making, controlling impulsivity, and cognitive control.
I wish it were so! In fact, they only know that gambling addiction has something to do with prefrontal cortex, and that's it, so far. I really hope they will explain it one day, but we not there yet, unfortunately. There's no need further explanation I think, since it's pretty basic logic. People get addicted in anything because their habits exceeded the usual, that's why it became an addiction, either it is bad or not. No need to explain why, when, and how to quit it, because the solutions already are existing, the problem now is that gambling addicts never wants to admit they are addicted on it, because they think it's not bad at all, just a habit. |
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It's possible that axie infinity would be in a sports betting platform, but there's no telling when since we are only playing it to earn money as of now. Having it on Esports means that it has a bright future of all NFT games, as of now. I can't see anything at all that it won't be in a betting sports, but now, I think only few people will be interested on betting on it because there's only a few percentage of global population that has an axie account.
Maybe unt the future, if everyone knows what axie really is, then for sure it would be a sports gambling sensation.
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Adrenaline is a survival hormone.
When a person is attacked by a predator, the level of adrenaline in the blood rises sharply. This allows you to engage in battle with a predator. Another scenario is possible. A person can simply run away from a predatory beast.
Also, the adrenaline rush allows you to approach a beautiful girl and get to know her. And then start a family and have children. However, it works differently for gambling.
If a player plays daily, then he has a daily adrenaline rush into the circulatory system. This destroys the human body.
Therefore, daily gambling is harmful.
What i have noticed from my past gambling is that the more money you state in gambling that you can't afford to lose then the adrenaline rush from it will be far more than normal gambling rounds and regularly getting that adrenaline rush is quite hard because you'll have to continue to bet the amount that you cannot afford to lose regularly and it will be quite a hassle in your life. The life of someone who seeks such an adrenaline rush is doesn't always stays the same and soon many things start to become boring for them. You can get an adrenaline rush whether you're in danger or happy, that's where your instinct tells your body what to do. The effect of adrenaline rush is not harmful at all, it will only become harmful if we are doing it in a wrong way, like constantly feeding your greed by your adrenaline rush, something like that. Frustration is the one you'll feel if you always lose your funds in gambling, not adrenaline rush. |
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I don't think bitcoin will ever be the world's central currency.
Foremost, bitcoin is decentralized. If it will be nominated to become a global currency, it will lose its true nature. It can't be centralized and shouldn't be. Hence it's really impossible to happen. Second, the government is against everything they cannot control. Since bitcoin is decentralized, they wouldn't want it to take over because they can't regulate it much compared with fiat. Third, bitcoin is volatile. If they will make it as a global currency, they will risk so much of their resources. They don't want that. Fourth, bitcoin is scarce. It has a very limited supply. The government cannot just produce and print it like what they usually do with fiat. Lastly, bitcoin isn't recognized as currency by the government. So why would they even thought of making it a global currency? They don't acknowledge the cryptocurrencies purchasing power because it isn't legalized to most countries yet because of the aforementioned reasons.
Aside from all of this, the a lot of features must have to improve first before diving into mass adoption and into world domination (btc being global currency/reserve asset). Transaction fees are still very high while processing time takes so long to be confirmed. Hopefully these things will be enhanced for the betterment of the community and users' experience.
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It's quite the opposite. Governments ban bitcoin because they know exactly its value and importance. Bitcoin is out of their control and everything the government can't control must be banned or destroyed. That is the mindset of people running the governments, because that is actually how they reached at their currently status position: destroying and isolating their adversaries in politics.
Bitcoin can be more effective in future or not. We must observe the imposed regulations and how they will work in practice to conclude if they are making bitcoin stronger or weaker. I just hope some countries don't try subverting bitcoin, so they can become bitcoin heavens for enthusiasts while the rest of the world can implode themselves.
I strongly agree. The government is very much aware about Bitcoin's potential. They know its nature which is decentralized and volatile, hence they do everything in their power to destroy it because it holds too much power they cant control. The supply of bitcoin in circulation, the price of bitcoin, and its decentralized nature are great factors they consider. They can't take over the aforementioned factors so instead of accepting it, they make it illegal. Unless of course, they see benefits on accepting it in their country such as taxing the users. The future of bitcoin lies on the investors. The market demand is the one making paths of bitcoin. However, external factors such as mass adoption and the likes also play a role in determining whether Bitcoin's value will increase or decrease over time. |
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Ofcourse, its anti inflation feature makes it a better store of value considering that value can debased by excessively/unnecessarily printing like what happens in fiat currency world. So it works like a good currency should and helps preserve value rather than reduce it. That's probably what decentralized scarce/hard-monies did in the old time.
I agree. Bitcoin being lesser prone to inflation entices and encourages more investors to invest in it because it makes them feel more secured on their funds. Bitcoin is one of the most nicest options on where to store your funds without its value deflating over a period of time. Hence, a lot of people are eyeing bitcoin to become their store of value compared with central organizations such as banks. Because aside from being safer from inflation, bitcoin doesn't require maintaining balance and it doesn't go dormant whenever you don't touch your funds. It's just there, having higher value as time passes by b Although of course, you still need to consider the volatility rate of bitcoin because the value of it will determine whether you gained profit or otherwise depending on the timing of your withdrawal (position of bitcoin, high/low). |
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Bitcoin is a real opportunity to rebuild a fully decentralized financial system based on true trust. It is the gold standard in the crypto world and the foundation that allows computers to connect and communicate. As more and more people begin to use cryptocurrency, the support of institutions and governments should be of great help in accelerating the adoption of cryptocurrencies in mainstream sectors, and this feat is expected to enhance its value. The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes. Because Bitcoin can be easily transferred across borders and does not require a banking system, it has become an ideal currency for people who want to escape hyperinflation. In the next few years, as fiat currency continues to follow its historical trend towards the lowest point, Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets. At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency? https://bitcoinist.com/50-years-later-why-bitcoin-is-the-new-gold-standard/Bitcoin indeed paved way for so many opportunities other investment vehicles can't offer. The mass adoption of bitcoin brings more alternatives and choices in terms of payment method for the users. In addition, the adoption of bitcoin to most countries and establishments gives a higher possibility of it to have an increase of value. Adoption of bitcoin most especially by big companies such as Amazon can attract many potential investors that can benefit our community. Bitcoin is one of the best options of people to store their assets to avoid inflation. Bitcoin is lesser prone to inflation compared to fiat and other store of value. It is claimed to ba a safe haven because bitcoin's value increases as time passes by like gold. Hence, the reason why it is always being compared with gold - both are of limited supply, scarce, and its value increases because of high demand, limited supply. However, despite all the good things bitcoin has to offer, i don't think the government and central organizations will allow it to be the global currency. Simply because bitcoin is decentralized and volatile. They cannot control nor manipulate it. They can't just produce more of it when they want and need to compared with fiat. |
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The cryptocurrency industry started with the launch of Bitcoin in 2009 and then flourished in the following years with various assets and blockchain-based solutions. According to Stephen Stonberg, CEO of Bittrex Global, this is no longer in its infancy. “I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph adding: “Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries. We even have Bitcoin adopted as legal tender in a country and many other countries are considering adopting Bitcoin as legal tender.” Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets. Source: https://cointelegraph.com/news/crypto-is-no-longer-in-the-early-adoption-stage-bittrex-global-ceo-saysSure, bitcoin is slowly going mainstream media and it is being known and introduced to more people compared before. However, being widely known doesn't necessarily equate to be farther from early adoption stage. Despite the statistics, the active users of bitcoin is far less than the count of people who have an account. Hence, the double digit percentage mentioned by cointelegraph is still blurry. Active users are needed in order to say that we have progressed from early adoption stage. Bigger percentage of accounts with transactions each day at least are important to conclude such thing. The mass adoption of some countries and companies are significant steps to move forward from the next stage. So are the active users that have transactions and holdings in their wallets/portfolios. |
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The fact that Paralympics exist means disabled people want to prove to the world that their disabilities are not a hindrance to show their ability to play sports like the normal people do in Olympics. Betting in Paralympics is just the same on betting to Olympic games, so there's nothing unethical about it. The only unethical would be booing them while they are playing and discouraging them to stop doing what they want in their lives.
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I do not know where to seek help, but I know that in any addiction the first step is always to accept you have a condition. If you can accept that which means you have already started the very first step and you will be fine. I know it sounds scary at first, but there are so many people who do not accept the fact that they are addicted and they keep gambling and losing money, if you keep doing that and not accept it then you are not going to be able to find the help.
Technically, I'm one of those people: I like to gamble, I enjoy the process a lot, and I keep losing money, and I don't want to quit. Do I consider myself an addicted gambler? No. But then again, most of the addicted don't. So, why do I think, nevertheless, that I can keep playing? That's because I don't lose more than I can afford to. The money I lose to gamble worth it, every cent, because I'm having so much fun. So, the fact that "they keep gambling and losing money" doesn't necessarily imply they are addicted gamblers, until we know what part of their, say, monthly budget, they are losing. Gambling urges are challenging and very hard to treat because the person never wants to admit he is addicted in gambling or he never want to confess that he is playing gambling because he doesn't want to be shame by his family or friends, that's why it's harder for them to seek help or to know how to get rid of their addiction. Science explained why we are addicted to gambling and this is what it says: Prefrontal cortex
The other brain region that is often implicated in gambling and substance use disorders is the prefrontal cortex. This region is involved in decision-making, controlling impulsivity, and cognitive control.
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Yes, guidance is always needed to avoid those kinds of situations where children are now getting curious about gambling. Kids are easy to get curious on such things especially if these things are getting his attention like card games in gambling. If a child is taught about the reality of gambling and how it works, he is unlikely to do it because he knows it is wrong and should be avoided. Parental supervision is really essential to us and plays a significant role. I think underage people can get the documents to verify themselves and pretend that they are adult people who will allow gambling. That is not a surprise if children can do that, especially if they are under 17-18 years, because they can use the other adult identity to verify or ask for help from the adult closest to them. When it comes to cryptocurrency, they can hide their identity by playing gambling as the site won't check and it is difficult to know who is behind those devices. Besides that, children or under 17-18 years can play gambling from their gadgets or computers in their room before going to bed. Yes, this issue needs to be a concern from the parents and they need to discuss with their kids what they can do and what not. Many parents are too busy with their work, where their children are allowed to access the internet without supervision. Especially now that gambling advertisements are everywhere spread across various platforms, and what is even more worrying, sometimes some parents do not really understand about technology. So there are many children who are curious to access gambling sites. Moreover, as you have explained, it is very easy for children to verify pretending to be adults. Finally, this is a serious problem, which must be considered by parents. From an early age, children must be given education about the risks of playing gambling and with good explanations from parents, children should be able to understand that they are not allowed to access gambling sites. The parents think that if they can fill what their children need, that will be enough to learn many things. But without guidance from the parents, I am afraid that children do not have a limitation about something they should know. We know that when someone accesses the internet, they can cross the border and can visit any websites they want and if they get block, they can easily find out how to access the site. The children become smarter with their devices without a parent needs to teach them. Once they visit Youtube to search for how they can access one thing, they will get a lot of information that is sometimes not for them. This is true. Parental guidance is what gonna make your children mature at a very young age to determine what's good and bad for them, which ideally good because your children will take care of themselves at a very young age instead of playing too much and being carefree too much. And about the "becomes smarter with a device", I think I might disagree with that since most of the children misunderstood the right use of the devices as a kid. Most of them would search KPOP and other adult stuffs on it if they accidentally searched it or some of their silly friends suggest it to them. |
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I don't think so.
A lot of people in sports betting are just betting without doing any research to make their chances of winning big but instead relying on their luck and randomly making bets while in poker, it's the exact opposite. You need to count cards, to be able to predict more accurate your opponents card if you're that good in poker.
Sports betting is like DICE in my opinion, unless you'll take it seriously while Poker is a skill-based game that requires a lot of talent to have a win streak.
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Lately I've been thinking whether as Bitcoin net worth increases it might not be worth taking additional security measures. If you have some Bitcoin, I think it's OK to have it all in just one hardware wallet. At the moment this is not a problem for me, but I imagine to keep buying Bitcoin regularly as I have been doing, and that the Bitcoin price keeps increasing on average, then, within 1 or 2 cycles, my Bitcoin can become a very important part of my net worth. I imagine that if someone today owns 100 Bitcoins, bought cheaply in the past, it is crazy to have them all in one hardware wallet. Not long ago I saw a news item about this: Family Goes All In On Bitcoin At $900, Has Keys Stored Around The WorldI don't know if you have taken additional security measures or plan to take them in the future. It's really important to secure your funds as early as the time you enter the cryptocurrency community. Regardless of the amount, a user must be responsible for his account because hacking incidents are rampant and so are phishing sites and links. If you own a cryptocurrency, you must know the risks, hence, investing in a nice hardware wallet is important to secure your funds and assets. After all, spending for a hardware wallet is relatively small compared to losing all your funds because of negligence. Surely, most users here in our forum are well aware of all the consequences if they will be too complacent with their funds' security measures. Being careful not to click any doubtful links and websites can definitely help but it's still best to be sure than be sorry later. |
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I belong in Southeast asian country, particularly the Philippines and the status of cryptocurrencies here is legal. Fortunately, our government is nice enough to allow and make the status and transactions on crypto legal. The cryptocurrency exchangers are regulated by the Central Bank of the Philippines under the Circular 944 to monitor if ever there are illegal activities happening such as money laundering acts.
However, the cryptocurrencies are not recognized by our central bank as a legitimate currency. They also stated the risks the cryptocurrencies possess because it isn't backed up by anything and isn't issued by them.
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Everyone on the forum knows what Bitcoin is. We already know that many countries have removed this currency from the ban. I mean, will all the nations of the world use Bitcoin as a currency?How important will it be? It will not go to the good side to the bad side?I want to know the opinion-
Mass adoption is slowly happening. This is a good thing because it will benefit the cryptocurrency community. The users will have more options on what mode of payment they will use. This would also entice new investors along the way. However, bitcoin as a legal payment is still almost impossible to happen unless a particular country has no other choice but to adopt it as their local currency instead of dollar. In addition, it would be hard for most to adopt because most people are used with traditional mode of payment. For sure, fiat will still remain to be the primary payment for transactions most especially given that cryptocurrency's nature decentralized and volatile. It would be very hard for the government to control, regulate, and monitor it the moment they will accept it as a local currency. They wouldn't just allow a speculative asset such as bitcoin to instantly take over and then they will lose control of the financial aspect of their nation for doing so. |
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In June of this year, at the Wynwood's Mana Convention Center in Miami was held the "Miami Bitcoin 2021 Conference", which is the largest event in the history of cryptocurrency. This meeting delivered positive news. The cryptocurrency represented by Bitcoin has achieved a deeper consensus, and the legal status of Bitcoin has been more clearly determined. The Mayor of Miami has gained a reputation in the cryptocurrency community for his support of Bitcoin and the incentive plan designed to promote the adoption of digital assets throughout the city, and said that Miami will become the capital of Bitcoin and launch the city's cryptocurrency MiamiCoin. According to reports, Miami will launch its own cryptocurrency MiamiCoin (MIA) on August 3 local time, to fund infrastructure projects or activities in the city and encourage people to move to Miami. MiamiCoin is built on the CityCoin platform, users will be able to mine MiamiCoin, borrow money, and even program it. The city government can earn cryptocurrency rewards while supporting the city, and token holders can also earn bitcoin income. But the MiamiCoin project is experimental. Don’t know if it can bring income to the city and how does it allocate Bitcoin as a reward? https://decrypt.co/77487/miami-cryptocurrency-miamicoin-launch-bitcoin-rewards?utm_source=reddit&utm_medium=social&utm_campaign=smIt's a nice news that the Miami government is not against crypto. This is an advantage for the citizens because they can freely enter and invest in crypto without the worry their government will ban it because it isn't centralized. This act of launching their own cryptocurrency isn't much of a surprise actually. Of course, if the citizens will benefit, so should the government. This is their way of gaining profit. A mutualism form of relationship where their people could enjoy the limitless opportunities cryptocurrency has to offer, and at the same time the country will also benefit. I just hope they will be able to maintain their coin's value for a long time because launching own cryptocurrency doesn't necessarily mean it would stand the test of times. The reward is a nice catch to garner and encourage more investors. It's a win-win situation for the both parties after all. |
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