Most people would think gold is a better idea although it can give you profit overtime or in the future it is also not safe to purchase bulk amount of golds and showcasing it to the mass. Gold has physical value on it so if you lost it or got stolen, all your hard earned money can be wipe away in an instant. Bitcoin on the other hand can guarantee your safety and profit just be patient enough to wait for the big profit you'll gain in the future.
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Any country would probably have seen this value and some countries are still speculating the volatility of Bitcoin. Not only China but I think anyone with the right kind of mind would notice some big changes over these past months and it is no easy feat. Bitcoin is sticking like a sore thumb in the market right now. China notices it right away since their mode of transactions made up mof mostly virtual paying so it might have interested them to put up with it.
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As I have search through the web I came across on this information that gold are being discovered up to date for over 244,000 metric tons and still counting look at this site.. https://www.usgs.gov/faqs/how-much-gold-has-been-found-world?qt-news_science_products=0#qt-news_science_products
So I am quite hesitant which will prevail in the distant future. Bitcoin on the other hand might survive any crisis since it harbours many investors around the globe and the demand on Bitcoin still punches through the roof.
If that kind gold is discovered why does the market still increase it's price over time. Correct me or add some information I'll gladly accept any suggestions where would I prioritize investing in the long run.
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If i would've that kind of money I would just put all my money in Bitcoin since the results over these past 3 years all of it's values seem to only rise year by year and taken into account if bitcoin drop down to 20k$ I would still but that kind of bargain and buy more and more if I have the money for it. It's just like a bank but it has more interest than comparing it to a bank many times over.
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Congratulations man you have profited on your investment I wish I could've done the same but money is what hinders me to fully commit and invest on bitcoin. I want to experience a gain for a while, meanwhile in our country there are lots of inflation in the daily essentials so it kinda frustrates me somehow. Good job man you've achieved what other might not have.
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When someone says, "but the performance of gold as an asset lasts 5,000 years"
You might be able to point out: "And then the arrival of the railroad, together with the horseless carriage, rendered the animals as transport obsolete."
Basically, computers, the web, mobile phones, and the internet are all expanded, improved versions of existing technologies. upgrading technology and techniques, actively doing something completely different for thousands of years. So, the future of currency (which is crypto) is here!
It is the future so predicting that kind of situation is possible since so many of communications around the revolves around the web and it is only a matter of time that the physical currency might dwindle of it's usefulness if the age of advanced banking or systems come.
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I'll be damned if that happens. I'll also doubt it will happen in the first place because of so many corrections that may take place when the time comes. Just in case I'll also be holding some of my coins in a ledger for a long time just for safekeeping I guess.
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I guess we should but at the end of the day people still use physical money in the real world since not everyone use phone. I think this might happen further in the future. And it could entirely change the way some people sees bitcoin. If ever it is used as a payment for everything it would probably not be as volatile as it should be and more like a stable currency but a digital or virtual one. Some may benefit from it some may not but for me it is a good thing.
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Most people who are new to BTC or find a way to accumulate BTC this might help you out; few ways to make money from BTC:
*Daily trading *BTC mining *Investing *Selling your items in exchange for BTC; i.e(receiving BTC as payment for work or items sold) *Yield farming (De-fi) *Airdrops (this helps allot but be aware of fake ones too before participating) *BTC surveys
I have tried almost all in that list and it is quite a common sense to make money on bitcoin but you can just search it on Google although there are other things that isn't included but quite a few of it is just a common thing you can think of just by looking at it. And based from your post you didn't imply the thing how to make money but. Other than listing things that will somehow earn btc, other than that it is not that important.
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I guess dealing with yourself is the most effective way to relieve stress when holding bitcoins. Laughing may help but still it made your heart beats hardly if I presume. Telling when or what's the cause of the sudden change of price is difficult since it is so volatile it could drastically changed overnight or for a few days if there are some group that holds so many btcs and they simultaneously sold their btcs then it might change the price rapidly. At this rate the peak price might not recover for these year in my opinion only hehe.
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No it isn't difficult to understand if it's just sending money and receiving it you it's just like your typical currency but with a twist it has your security and anonymity at the same time. Mesning your money is safe as long as you keep your private keys or account privately. You can also track your transactions in the web just search it. There are also so many exchange where you can buy your coins and you can just hold it for the meantime and sell if you profited or you need money or something. In speculating the price of it that where it kinds of get difficult because it's so volatile that it can rose exponentially or lose rapidly up to your choice mate.
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Be responsible enough to know that there will be a correction to follow if Bitcoin sometimes gets out of hand . Throughout these year it has given us some large insight on what of bitcoin has become. It is facing a bullish time right now but it's still not the time to buy let it subside much much lower.
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Bitcoin has a massive crash and it's going to be down and down. We enter a bear market. dark time for btc.
It has entered the phase of shedding it's value throughout these years. There are always a time like these for every year or two. Now is the time to sell I think or just pull out your money right now then buy BTC after it dropped down to a certain degree that you can surely profit if you just hold patiently.
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Oh my god is that even real? Holy moly that is nuts I didn't know it even exist but that kind of service saves sometime to withdraw all your money and not be suspicious especially if you're with a colored skin. Just like I saw on the news. That kind of effort they're making accepting Bitcoin as an up-front payment for your car is kind of mind blowing. Not only it can't raise malicious intent you can asure your money is safe even before you arrive at the place.
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I think not it will not last to infinity there are countless debates where infinity isn't real and universe isn't even profound to say it can last infinity. So my theory is it can't last an infinity if humanity ceases to exist. Currency or crypto is useless if no one uses it. Infinity is a word you can't take lightly therefore you are wrong for asking that question.
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The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.
Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.
One thing I can say about that there is too much uncertain events on the market right now so that drop wave might come sooner that expected. It's normal for BITCOIN to drop every year it's like a routine of bitcoin or some may say normal drop and every time it drops too low then it slowly but surely rise from it's slumber and make a comeback every now and then.
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bitcoin reaches a new milestone when its market capitalization settled at $1.25 trillion this week this height has made so many analysts including myself to compare the giant of cryptocurrency (bitcoin), to Google the king of search engines and video streaming in market capitalization.
Bitcoin market capitalization as of the time of this writing is $1.14 trillion.
Google’s market capitalization is $1.5 trillion.
With the current surge in the bitcoin market, I can authoritatively say that Bitcoin is on its way to becoming the Google of cryptocurrency, and shortly bitcoin will surpass Google in market capitalization.
What is your opinion about this?
One problem might arise is the fact that market cap can't stay as it is for a long long time. That value might dwindle in the long run but for the mean time it doesn't show it's weakness and it is steadily rising as of now. So yeah we might consider Bitcoin as GOOGLE of cryptocurrency.
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That might could work for sometime if you just hold bitcoin for 10years straight just like you truthfully told us I think that might earn some decent money and maybe giving you lots of funds in the future. Having 150,000 to invest in bitcoin is quite big if you ask me but not right now. From my perspective now's not the good time buy. But if you could just wait for the price to went down decently then buy a fair amount of it then hold patiently.
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Private keys and others stuff is enough for you to be secured in every exchange. Unless the exchange itself gets hacked then no matter what you do it is inevitable. The most safe I guess is the cold storage I don't know much about it but someone boasts about it in here that it is the most secure wallet.
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Let's believe that it will true establishibg new nodes will enhance transactions better and faster. Placing mining equipment on moon might be too much even if you are preserving it's existence. In my opinion or maybe in a sense that placing mining gears on moon might be the last idea nasa will think of.
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