Why don't they buy now though? I mean in the near future that they plan to buy, the prices could've probably doubled already or tripled meaning that they will buy more for less bitcoin. I don't hold out too much hope for this survey because this big fishes can easily lie to this kind of thing you know? They may say they will buy but they just want the survey to finish much faster if you think about it.
It wouldn't be a problem for those wealthy people to invest in bitcoin with a price higher than what it was originally, let's say 6 years ago because they have the money to spend in the first place. It won't hurt their pocket if bitcoin's price will increase by like 200,000 dollars because most of the time, this is just a little amount for them (I'm pertaining to those big personalities that have so much to spare). Maybe the reason why they aren't still buying bitcoin and other cryptocurrencies is that they are still observing and waiting for the time crypto will be more regulated compared to what it is right now and the time it will be more stable and much safer to invest in, and the time it will be adopted by more establishments and companies. Surely, these people have their reasons. A good go signal that they are waiting for will definitely be their key to invest in btc in no time. |
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Call me a traditionalist ... but if you want a roof over your head... and you cannot afford it... then you have a choice, namely : Rent a house : Give money to a landlord (someone else) and never own property. Borrow the Money : Take out the mortgage and pay the interest and own your own property. (Asset) I own my house... I paid it off way earlier than what I should have, because I paid much more than what was required from the mortgage payments. (Best decision I have ever made)  I am this kind of person too. Renting or loaning are the only options someone has if they want a comfortable place to live in. Both have their pros and cons. In renting, you have no tax obligations because you are just renting, obviously. The landlord is the one responsible for the tax because it is his property. You can freely jump from one place to another because you are just a tenant, meaning you can move any time depending on your signed contract with the landlord. This is nice for those people who have to move from one place to another for various reasons such as work. They won't worry too much about a property they would leave behind because they don't owe one in the first place. However, this is costly IMO. Renting can take up a lot from your budget and when you calculate it, you could buy or build a house with that (if you want to). Meanwhile, in owning a house by loaning, you will have a property that you can call your own after years of paying diligently. You will just have a hard time at first by paying monthly or yearly. It's like you are renting, but you're going to have it soon after. Although if you will compare the cost, paying monthly loans for a house is way more expensive than renting so you gotta have a budget for it to avoid penalties and additional interest rates. Owning a house via loaning is a good choice for those people who have planned to be settled in one place. It would also be a good decision for those people who want to have a family of their own. The cons of loaning a house are that it is costly and you are the one responsible for everything in it such as repair and maintenance. Other than that, i think it is a great form of asset because its value increases over time. |
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At the beginning of this year, Tesla announced that it would accept Bitcoin as a payment for car purchases, and the price of Bitcoin has skyrocketed as a result. In May, after Musk announced that Tesla would no longer accept Bitcoin as a payment option due to environmental concerns, the price of Bitcoin began to dive. At the beginning of July, Musk said that Tesla would resume accepting Bitcoin in the future. Last week, Amazon issued a message to recruit people in charge of digital currency and blockchain products, which aroused people's attention. Therefore, many people would think these news caused changes in the price of Bitcoin. Trendlines act as support and resistance levels once widely recognized by traders, creating either a floor for price-action recovery or a ceiling for downward momentum to resume. But bitcoin price fluctuations are largely affected by technical indicators rather than basic events. Bitcoin's short-term upward trend began before Amazon's job advertisement was announced, and the pace of the trend does not seem to be affected by news reports. These news will affect Bitcoin's short-term price fluctuations. In the long run, Bitcoin will not care about Amazon's recruitment information or Tesla's sentiment to cause price fluctuations.  https://www.forbes.com/sites/martinrivers/2021/07/27/bitcoin-didnt-care-about-tesla-and-it-doesnt-care-about-amazon-either/?sh=48dd020513b8Despite the technical analysis, we can't deny the fact that Elon Musk and Amazon indeed have an impact on the value of bitcoin. I know that bitcoin's nature is volatile. It always is and therefore anyone in crypto must know that it is usual for its price to pump and dump at any time of the day. However, whenever Elon releases a statement regarding bitcoin, the price of bitcoin in the market always moves. This is due to the fact that Elon Musk has a big fan base and followers that keep track of his prediction. These people are the typical ones that follow the hype and baseless information without counterchecking on their end. Hence, the prices in the market move either upward or downward base on the information they have heard, they will sell or buy. They cause fluctuations on the price charts most especially the newbies that just follow the trend without doing technical analysis at all. In addition, the mass adoption of bitcoin really did impact and is continually making an impact on bitcoin's value. Because of bitcoin adoption, soon enough more people will be interested to invest in bitcoin which can lead to price increase due to increase market demand. |
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The price of Bitcoin has exceeded $ 43,000, while the price of Ethereum has risen 24 percent in a week, bringing the total market value of cryptocurrencies to $ 1.8 trillion, which has risen to $ 140 billion in just 24 hours. Finbold reported yesterday that Bitcoin trades above its simple 100-day moving average. Further gains could pave the way for short-term gains in the $ 42,500 resistance area that Bitcoin has crossed as cows seek to raise the price of Bitcoin to a significant $ 50,000. More specifically, the world's leading digital asset in terms of market value has increased by more than 7.06% in the last 24 hours and 4.41% in the last week. Its current price is $ 43,670. In addition, according to CoinMarketCap.com, the overall bitcoin market dominance is 45.93%, up 0.02% from the previous day. Source: https://finbold.com/crypto-market-adds-over-140-billion-in-a-day/I think this is just the result of the mass adoption of bitcoin by several big establishments and companies which was broadcasted recently. The value of bitcoin is expected to go up because there are big corporations that have laid their eyes on btc recently. Big investments by big personalities and adding the fact that adoption of bitcoin in different platforms is slowly coming to life is what entices more investors along the way. Of course, volatility still plays a great role in this kind of pump and dump. This is a very great illustration of what volatility can do to the position of any cryptocurrency there is in the market. It can go up in a short span of time and then dump later on, after several hours of high position. Whatever the price it will have, just never get lost and know your limit in risking. |
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Does Covid-19 affect Bitcoins?
I think Bitcoins will be still stable and nothing effects in Covid-19 .and the thing we thought about Bitcoins that it is an Volatile and unpredictable are still continues.
What happen to Bitcoin if this pandemic did not solve?
I think Bitcoin will be spread along the way and the population of Bitcoins will be long and infinite an the value maybe down and decrease due that maybe Bitcoins can notice that more people use it in time of pandemic. But we're hoping that the value of Bitcoins are consistently.
Does every people in the world participate bitcoin during pandemic?
Not all people participate in bitcoin during pandemic but if we compare before and after pandemic I assure that during pandemic time Bitcoins is one of the source of income to some people in the world and I think 50% people will participate in bitcoin inorder to live and earn money even if pandemic.Not at all people using Bitcoins because they think it's hard and maybe they think also is harmful to them due that rear in there place.
I agree. During this pandemic, bitcoin becomes more widely known all over the parts of the globe. People have been concentrated on using technology such as the Internet and mobile phone due to safety measures imposed such as lockdowns, wherein people aren't allowed to go out if it isn't for essential purposes. With this, bitcoin users expanded during this crisis. A lot of investors have entered the world of cryptocurrency which I can say is a positive thing for our community because there is higher demand that can cause bitcoin's value to pump. Regardless of the circumstance, bitcoin will continue to thrive as long as there are investors in the market. Given its limited supply, bitcoin's value will continue to soar in the next months and years. Of course, we still have to be reminded that bitcoin is volatile so always dyor and tayor to avoid losses. I believe this pandemic will soon be over the moment we achieve herd immunity. The discipline of the citizens and proper governance are a must to combat this virus. And yeah, I totally agree that not everyone will participate in bitcoin investments, trading, and other opportunities because not everyone has the same perspective about it in the first place. Although what I know for sure is that this covid-19 pandemic paved way for more exposure and promotion of bitcoin to the majority. All they have to do is research and study its nature, then, they will discover a lot of benefits it holds. |
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Emotion is just a normal part but doesnt mean that it would affect luck chance for you to win the game. There's no factor that could affect your winning probabilities.
You could be happy and think you will have a great day and later you will find out that it's not your lucky day at all, if you are happy and having a great day don't think it will contribute to your success in winning in the gambling, you don't have control and sometimes we tend to be careless when we are full of emotion, it's better to bet when you are more relaxed. Exactly. Because the house doesn't give a care about how you feel, all they care about is to maintain their bankroll every single day to make profits out of noob players and greedy players. Emotions, luck, or anything doesn't guarantee your wins in gambling, if you're gonna lose then you're gonna lose and if you're gonna win then you're gonna win, simple as that. We just have to accept the fact that gambling is not for everyone. You don't have to do trial and error in gambling just because you thought that you're a lucky person and you might win big in gambling. |
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Investment and gambling is different, also the word "gamble" is a very broad word to begin with. I guess the right term to use when you're using your money in an investment is "risking" and not "gambling" your money because you put it in a game to earn money.
The other way to determine the difference between NFT games and gambling is that NFT games assures you to earn money once you started while in gambling, it is the complete opposite.
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We are still into traditional type of gambling as most crypto gambling things are not happening on blockchain but making use of cryptography (not cryptocurrency) to have things fairer and simpler for everyone.
I remember some houses which are fully depending on blockchain hashes to decide about the outcome of a game still they are referring it and not gambling on blockchain.
In my understanding a pure blockchain based gambling should be something unimaginable as per my current level of knowledge on blockchain technology.
Overall, just using cryptocurrencies for depositing/withdrawing will not make a house a blockchain based one.
I agree on this. The only difference between the online casino and traditional casino is that online casino uses internet and cryptocurrency as a new twist, but the functionality of the house is still the same, fair and square but of course the house chances of winning is much bigger than the players. In short, both are still risky so everyone should still be careful on making decisions towards betting. |
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Greed will be always the worst thing in any activities you'll do in your life. In gambling, greed gives you the "you're gonna be s millionaire" mindset but the sad truth about it is you're not. Greed will blind you to see the truth, the reality about how you play gambling, that's why you'll continue to gamble your money even though you're not making any profits and convincing yourself that you're enjoying it, so why stop.
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I see there are some who still haven't used the new Bonus Battles sig code that Hhampuz updated before.
And today is the week of week 19, so I hope to update it soon and I've sent a PM to all who haven't used sig Bonus Battles.
Wexnident
Yogee
acquafredda
Joca97
tokeweed
just_Alice
AicecreaME
Sanitough
Johnyz
BuNga_cute
bitzizzix
nakamura12
Thank you, just updated it a while ago. So much appreciated your effort on reminding me to update the signature code. Cheers! |
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I see one reasonable option for spending such a large part of income on gambling - if a person has huge savings and current income does not have much influence on his life, then if he wants, he can even spend 100 percent on gambling. All other options look dubious to me, although I am not saying that this is an addiction, just a wrong decision (in my subjective opinion).
Only those person who has a huge savings and current income are for sure who has also the guts to over spend or lets say it is only a part of their excess money. For them it was an excess money but for us or personally speaking for me a 20% of income to allot for my entertainment or gambling activities is such a huge amount. We may take over spending as gambling addiction which is definitely true but for me I look for myself a sign of not having a good sleep at night while keep on thinking of my gambling activities. Wrong decision and addiction is just pretty much same in my opinion, unless you never try it again, because if your wrong decision keeps on repeating, that's definitely an addiction without a doubt. Losing 100% of your income is insanely bad for you since you'll have no more for yourself as well as your bills. You cannot say to your bills to wait because you've lost your money in gambling, that's very not valid. |
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The characteristics of Bitcoin make it an extremely attractive investment. Bitcoin transactions do not require third-party authentication and can be free from the control of governments or banking systems around the world. In times of crisis, people are uncertain whether banks can continue to operate, and confidence in the banking system or its government support often falls to the point of bank runs, and there is little reason to believe that banks will continue to operate. Bitcoin is global, so there is no reason to doubt that it will continue to operate. This means that if there is an economic recession, banks and governments will face solvency issues, making their services somewhat risky, and Bitcoin looks more stable. Bitcoin is outside the banking system, although its price fluctuates, cryptocurrencies can sometimes provide better long-term stability than real-world currencies that are more volatile. US Federal Reserve Chairman Jerome Powell once stated that Bitcoin is a "speculative store of value" and Bitcoin investors are speculating on it as a store of value. This is not to say that Bitcoin cannot play the role of a safe haven, but Bitcoin may not be a real safe-haven asset at this stage. Will Bitcoin eventually become a safe haven for the banking system? https://www.rt.com/op-ed/531238-crypto-regulation-sec-cbdcs/Bitcoin has withstood the test of time and show its potential over the past years which is why most people are really making it one of their options on where they will store and invest their funds with. Bitcoin, compared to fiat is lesser prone to inflation. Inflation has a very little effect on bitcoin that is why investors view it as a safe haven to put their assets on because if ever hyperinflation occurs, their funds won't deflate compared with having fiat only that could lose its face value the moment economy crashes and inflation occurs. |
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5 years ago I heard about Bitcoins some feedback are good but some of them are negative
Untill now In my country if you say/discuss about Bitcoins expect that their response are negative.
Why does some people always say negative about Bitcoins?
1. Lack of knowledge about Bitcoins, uneducate People only saw the negative sides of Bitcoins.
2. Some of them say negative feedback because of their experience on some sites about Bitcoins, because now a days Bitcoin are popular but there are many site will scam you if you are spontaneous to invest in not trusted sites.
Most people are unaware of bitcoin simply because most of them refuse to learn and discover new things. They are enclosed with the idea that bitcoin is a kind of scheme/scam that could take their money away. What they don't know is it ould offer them a lot of benefits if only they would opt to study it. I can't also put all the blame on these people because back then, bitcoin has a bad reputation and was really put in a bad light by those who are against it. There are also a lot of scams that are often forced to be associated with bitcoin, hence, people believe that bitcoin is a bad thing and anything about it should not be entertained upon. The two things you listed are really the common reasons why people are ignorant about it. Let me add mine for additional information too. 1. They limit themselves to what they already knew and enclosed themselves in the traditional way of earning money, investing, and storing. 2. They refuse to be educated upon by the users who have been in crypto for a long time. They are settled to what they currently have and are close-minded on learning additional information to generate more income. 3. They easily believe the gossips and rumors that are all around the mainstream media without fact-checking whether if it is true or just fake news. They easily assume that what they heard and read is true. Hence, it is always easy for them to assume bitcoin is a scam. They don't even know what is the difference between bitcoin with Ponzi scheme. 4. They simply don't trust a speculative asset because they know all the possible risks of entering something they aren't properly knowledgeable with. This is the list of things I think why a lot of people are still uneducated on bitcoin. Fortunately, here in our countries, a lot of people are now aware of the advantages bitcoin may bring. Although I just want to remind everyone reading here that bitcoin is not a get-rich-quickly scheme because I think most people thought of it that way. Always be reminded to invest what you can only afford to lose. Be responsible for your funds. No other person can take good care of it except yourself. |
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Hello everybody!
The world of digital assets stems from the act of crypto mining wherein ‘miners’ solve complex mathematical problems to add blocks of transactional information to the blockchain. They are rewarded with bitcoin and other cryptocurrencies as an incentive for maintaining the network. However, to do all this, miners consume significant amounts of energy that lead to environmental concerns.
As more people take interest in the world of cryptocurrency and how it works, the demand for crypto mining increases as well.
What type of impact does this have on the environment in terms of energy consumption? Let’s find out.
How does crypto mining work?
To understand the effect of cryptocurrency on the environment, you should first know how crypto mining works. Here’s a step by step guide on how the mining process works:
Step 1 - Verifying transactions using nodes
There are two ways to mine cryptocurrency: using your own hardware or software or through a cloud mining service. Miners first verify the transactions using nodes to make sure they are legitimate, then they move on to the next step.
Step 2- Creating a new block of data
The next step is when blocks are added to the blockchain. When the transactions have been verified, these are added into a block of data where they can no longer be altered or changed.
Step 3 - Additional information and hashes are added
Hashing or using mathematical processes takes place next. When the new blocks of data have been added, hashes and other information are included. To generate the hashes that will serve as each block’s ‘fingerprint’, miners verify or solve mathematical problems to complete the process.
Step 4 - Verification
Once the new hash is verified by all members of the network through a consensus, the block is then successfully added to the blockchain. The miner who was able to solve the problem first will then receive a set amount of cryptocurrency as a reward.
Why does crypto mining require so much energy?
The process of mining demands large energy consumption, reaching up to 120 Terawatt hours every year, which is equivalent to around 1% of the world’s energy consumption.
Experts have compared this level of energy consumption to the likes of small countries like Greece, Argentina and Chile who use fewer amounts of power annually. But why exactly does crypto mining require so much energy?
Cryptocurrency blockchains are public and decentralised so the upkeep of the entire network is left in the hands of its community that consists of computers all over the world. Part of this community are miners who play a huge role in ensuring that the network is secured and immutable. To do this, they use high-powered mining equipment that consumes a lot of energy.
The environmental impact of cryptocurrencies
With the mainstream adoption of cryptocurrency, it’s important to understand the impact of crypto mining on the environment. One of the biggest effects it has on nature is carbon emissions. Due to crypto or bitcoin mining, the amount of carbon emissions on the planet has increased by 40 million tons just over the course of two years.
E-waste is also another result of crypto mining. As crypto becomes more in-demand, miners will have to upgrade their hardware to make the mining process more effective. Over time, the outdated machines are turned into e-waste that is considered useless and non-recyclable.
Overall, e-waste and carbon emissions both affect climate change. This means that they contribute to the breaking of the ozone layer that results in global warming and other environmental concerns.
The future between cryptocurrencies and the environment
The next step to take for most cryptocurrencies is to go with more sustainable options. If miners use renewable energy instead of fossil fuels, this could turn the situation around for the better.
The carbon footprint of crypto mining would decrease dramatically if it weren’t for the ‘proof of work’ process since it requires all miners in the network to solve cryptographic problems, which means expending a ton of energy.
In fact, there are now cryptocurrencies that don't require mining at all. Some of the more sustainable options like Cardano, Ethereum and Bitgreen use ‘proof of stake’ to validate their transactions. In the proof of stake process, only validators that have ‘staked’ their coins or have already processed transactions can verify transactions and be incentivised.
There are other steps being taken to mine cryptocurrency quickly and use less energy while doing so. For example, the government in El Salvador has recently adopted Bitcoin as their legal currency on June 9, 2021. These are mined using the energy from nearby active volcanoes to promote a more sustainable process.
When other digital assets follow in these footsteps, it will lead the world of crypto to a more eco-friendly future wherein cryptocurrencies and mother nature can co-exist peacefully.
Thanks for reading. If you have some thoughts, feel free to leave a comment.
Cheers,
Karl
Source: Bitcasino blog
Cryptocurrency definitely has a negative impact on the environment. Actually, a lot of industries really have that effect since most devices, hardware, and software are really consuming a lot of energy that comes from fossil fuels which are non-renewable. Crypto isn't exempted from possessing that kind of influence on the environment. Before, a lot of mining sites are really consuming great power to supply their operations. Hence, many mining sites have closed down because of the minimization of electricity consumption. Right now, more mining sites are currently using and starting to switch to sustainable energy for lesser cost and for lesser damage to the environment as well. Sustainability is one of the advocacies of most mining operations to avoid an additional carbon footprint that could damage the planet's ozone layer. Eco-friendly cryptocurrency operations are advocated and a lot of countries that comprised of the most percentage of mining are now encouraged to use renewable sources of energy instead. I agree with your example about El Salvador using geothermal energy which later on converted to become electrical energy that could power their mining sites. These kinds of steps make it more possible to go green and togetherly exist with the environment harmonically. |
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I came through a post here https://bitcointalk.org/index.php?topic=5351319.msg57557132#msg57557132And it says that will Amazon adopt btc or not till specified date there. A question struck my head. Do such companies need it? I am not against Amazon or any other big tech names, but as we understand it, Tesla and others have came in crypto to make profits by holding it. But companies like PayPal and Amazon settle millions of dollars on a daily basis sent to their vendors who sell products there successfully. If taken into consideration, then these companies accepting btc will be offering it to users just for their convenience but can't store btc for a long period of time, which means that much btc will be coming back to either exchanges or sold through OTC on a daily basis to settle their deals with vendors quick. Is such an adoption going to harm the overall value of bitcoins if sales will take place through big companies (not Tesla and all who are here for profit)? I don't think big companies will risk a big amount of their funds with bitcoin knowing that it is a speculative asset. Amazon surely has thought of the pros and cons of accepting bitcoin as a mode of payment. They know that bitcoin is volatile and certainly, they won't allow losses because of the volatility rate. Maybe they already thought of some way to avoid the big risk and pass it onto the consumers/buyers. I think the effect it will have on bitcoin will be on the positive side because it will generate more investors in the making. Maybe bitcoin's price will also go up because of the demand. I just really hope there is no hidden agenda that could damage btc in the long run. |
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the primary role of government is to provide a regulatory framework in an economy, Government sole responsibility is to provide a guideline on how thing are to be done within their jurisdictions.
this is not different with cryptocurrency although cryptocurrency is created with high anonymous the truth remains that cryptocurrency co-exist with other factors in the economy such as the bank and the traditional currencies, for crypto to become a full flesh currency it need to under go government regulation because that is the only way cryptocurrency will be considered a legal currency.
questions:
will government regulations on cryptocurrencies undermined crypto decentralized nature?
To answer frankly, yes, the government regulations on crypto exhibits a large possibility of subverting the decentralized nature of cryptocurrencies. If the government will be able to set policies that state the do's and don'ts on the users' funds, it will seem to be defeating the purpose of crypto originally. Government really plays a great role in crypto most especially in the legality part of cryptocurrency in a specific country. If the government is close-minded and isn't open to exploring and discovering new things that could benefit their constituents, there is a high tendency of making anything related to crypto illegal. On the other hand, if the government is open to wider possibilities and isn't traditional like the usual politicians, then it will be a great thing for the citizens because they can move freely without the fear of being reprimanded by the law whenever they are using cryptocurrencies on their transactions and investments. |
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I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?
Is it KNOWLEDGE or CAPITAL, or even BOTH?
Knowledge and capital play a great role in achieving success. Knowledge is needed to make a well-organized plan that could help you achieve what you want and at the same time, capital is also important to execute what you have planned. Both come hand-in-hand. You will have a hard time if you only possess one. Knowledge is important before diving into what you are planning to do and enter. It is also significant the moment you have entered the said field. Being equipped with enough and proper knowledge will be your advantage all throughout your business and investment venture. Meanwhile, capital is needed the moment you want to enter and take the risk. Let's be honest here, you can't invest without having enough funds to sustain you financially. Having that said, capital is important the way knowledge is because you cannot push through if you lack funds, to begin with. Sure, determination, perseverance, and knowledge are excellent factors to get you where you want to be but so is capital to fund your journey and to keep your business/investment continuously operating. |
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Many other cryptocurrencies have been improved upon based on Bitcoin. In other words, Bitcoin must be inferior to them, but why is Bitcoin's value number one by far? Why is Bitcoin worth so much?  Bitcoin is the basis of the values of other cryptocurrencies which makes it the superior of them all. The price movements of almost all the coins are related to bitcoin's pump and dump. It is said to be the greatest among the rest because it has proven its potential over the years already and it served as the 'founding coin' of the cryptocurrency community. Bitcoin has a value that totally far ahead of other coins because it only has a very limited supply. With this being said, the power of supply and demand will do the work making its price go up and down depending on the market demand at the current time. Bitcoin isn't prone to inflation unlike other forms of assets which is the reason why the demand is high, making its price pump even more as time passes by. |
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Below is a pic that's been taken on a ride. Everyone might be familiar with the Autorickshaw of India. In some part people term them as Autowala.The auto rickshaw is called with different names on different countries including auto, auto rickshaw, baby taxi tuk-tuk, 3wheel, bao-bao, tukxi. The operators are very common people who have their living out of the earning through this rental rides. They've started accepting cryptocurrency is something big and shows the increasing level of cryptocurrency acceptance.  Cryptocurrency adoption, in general, is a good thing because it promotes wider scope of establishments to be used our cryptocurrencies with. It will benefit the crypto community because the users will have a lot of options to use their funds aside from making it a store of value and in trading. However, the services offered must be improved first. Most of us know already that the processing time isn't instant. It takes several minutes for a transaction to be processed and reflected which may cause a slight inconvenience most especially if you are making the transaction in a hurry. In addition, the transaction fees are a little higher compared to the traditional payment methods. Acceptance of cryptocurrency will be pointless if there would be many inconveniences that will come along with it. I just hope in the next few months there will be positive changes regarding this matter so that we can promote it to more people without worrying about making another burden to them the moment they decide to use it on daily basis. |
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I think the most optimistic result of bitcoin is being just slightly impacted by inflation. Compared to fiat, bitcoin is a decentralized asset that is just a little affected whenever inflation hits all over the world. We can't disregard the fact that it is still affected by inflation because after all it is still somehow related connected with fiat. Its users are using exchangers that most commonly are in the form of fiat before being converted in cryptocurrencies, so inflation will still have an effect on it but only to a very minimal extent. Having this said, more people are drawn to bitcoin. A lot of people nowadays are eyeing investing in bitcoin because it provides a safer store of value compared to central organizations such as banks. It also provides way more opportunities to those aspiring investors and traders which entices the people to enter it.
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