Cryptocurrency is a revolt against fiat currency and banking institutions! Cryptocurrency is the revolution.
unlike you imagine, there is no uprising against fiat currency. crypto only helps make transactions easier in this technological era |
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At the time of writing, the price of bitcoin is $39,500 and the coin is going towards $50,000 in 2021. As we all know, the total supply of bitcoin is limited to 21 million BTC but the demand of bitcoins is not.
As many have already said, holding it for a long time is the best and the most profitable way to invest in bitcoin but the market can change over time and so does bitcoin.
Holding for long term is the best strategy when investing in bitcoin, however, you have to be aware of the possible correction and bear market, it could happen anytime so your patience will be tested and you need to make sure you can stand and survive so you'll be able to enjoy tomorrow. Bitcoin has reached $40k, not too far from reaching $100k soon, but don't expect it will right away reach that price, as what I've said, correction is necessary and it will happen. Are you sure btc will be $ 100 !!. Instead of thinking about it, it's better to think about the benefits, at least don't hold on to BTC for a long time |
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It sounds like we already one step closer to the global currencies digitalization. It's nice to see that one of the Bitcoin enemies and skeptics in the past now accepting the benefits of this technology.
I'm sure this development will affect the price of Bitcoin making it rise if it hasn't happened yet. But more important is that other global companies can follow the example of Tesla, MicroStrategy, and now the VISA.
that's the company's strategy in increasing crypto user customers. of course it will be better for crypto |
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What do we hold for life? of course our goal is only to get money !! I think when there is an opportunity to sell bitcoin at a high price and buy at a low price. that's enough
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Bitcoin is an investment product with investment value. In fact, many people invest in Bitcoin as an investment product that can appreciate.
appreciate in what way? Bitcoin investment with current prices needs to be considered. You can start with other crypto investments, of course, bitcoin |
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Hehe I can see another issue that will be thrown at bitcoin by critics. There's the undying bitcoin use to buy drugs and other illegal stuffs in the dark web then there's use in illegal online gambling. Next will be bitcoin use to support exploitation of women and child abuse.
another new problem, will definitely be used for terrorism and other illegal things and other buying and selling. but that's the only negative thing hehe. there are still a lot of positives about crypto |
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People like Elon Musk help to popularize Bitcoin and other cryptocurrencies. I think it can take 5-7 years and a lot of people and countries will be ready for the new money era.
no one knows for sure !! which is certain bitcoin will be recognized worldwide in a period of time sooner or later. although many people consider it a dangerous investment, for that before investing it would be nice to know all the risks |
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Whether they want to ban or not ban, it won't have any significant influence on the crypto market. We are already familiar with the ban issue from India or other countries. But in fact, the crypto market continues to improve and we have a bullish trend already. If India really wants to ban Bitcoin, they will regret it and possibly unban again sooner. There will be a protest from the user of crypto there, and Bitcoin is one of the necessary sources to get income in these pandemic days. So, why ban it suddenly?  During this pandemic, of course, BTC is one of the sources of income during a pandemic. when the economy is weakening, crypto can actually be an option. the government even banned bitcoin. |
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Still, there is no effect of such warnings. We all know it's a decentralized thing on the other hand banks are centralized. We know they can not control Bitcoin So from time to time we heard such news or warning by higher officials. I must say one must always prepare for any situation in the crypto space and should invest only that much amount that he/she can afford to lose.
That's right, we must be able to prepare for all situations, and invest in crypto according to our capabilities and be prepared to lose. because the value of crypto is not as stable as we could lose the value of our assets. |
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if you want to sell! just sell according to your needs. but if you don't need it better save btc will be the best investment. hehe  |
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Both are currencies, but for me there are some notable differences. To make it simple today, fiat money is money supported by the country and its government. So money are controlled by the laws and legislation. Crypto-currencies are supported by their investors and companies that want to receive payments in crypto. It is not legal tender and it is not backed by a central government or bank (it is decentralized and global).
^ This is the difference between these two currencies, the decentralized and the centralized nature of currency which is the fiat currency is centralized and fully controlled by the government. They are not the same as a currency but nevertheless, they had the same valuable assets. Probably legalization of BTC is on the way from time to time and it takes time before that will happen and the word decentralized will probably turn to centralized. However, some countries can tax the BTC users, not directly to BTC itself. And that is a good way to adopt BTC in most countries. maybe the government considers BTC as an investment , it will be difficult to make BTC a currency because its value is not as stable. most people make it as an investment. if the government imposes a tax on every btc user of course it will be a separate advantage, that is very good |
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sometimes, there are many negative people who don't like us, we need to make our enthusiasm achieve our goals and prove that I can and, it's never too late to start investing in bitcoin, this is the real investment
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Everyone has their own perspective on bitcoin or fiat, and each country has their own perspective. And they judge bitcoin only from the negative side. Of course the government will prefer fiat currency because the country's currency doesn't want to be replaced by crypto. maybe
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1. When and why did you become interested in cryptocurrencies?
precisely in 2016 when the family's economic situation was very difficult, and I didn't have a job. and I have to take care of my two younger siblings, at that time I told a friend who contributed to my life about my situation at that time. at that time he explained about crypto and invited me to work on a bounty project. slowly I followed various projects and at that time I got my first salary at that time enough to eat, and I am very grateful. and I get more and more active in doing each job, and a little bit buying altcoins, in early 2017 I was depressed because our parents' house was going to be foreclosed, at that time I could only pray. to be precise, my prayer was granted at that time maybe because of the prayers of my parents. at that time bitcoin and other altcoins went up fantastically. and at that time I could prove that I could pay all my parents' debts and finance my own marriage. And until now I have always believed that behind adversity there must be a way, and God will always help us.
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if given the opportunity I want to ask how the story of his life and his journey, and I will ask if BTC can replace fiat as a currency.
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when banks in a country have started to hold bitcoin owned it can be a threat and huge profits for them, the threat is when the price of bitcoin falls then surely banks will get a lot of losses while for profits can be obtained when bitcoin prices rise then the bank will be very lucky.
This is truly an extraordinary step for Venezuela. where they dare to hold bitcoin, of course there is a risk that if prices plummet down, they will have to do a reset first, and make a decision that they believe in bitcoin and make a profit. |
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Dear all,
I bought 2 BTC when it were 18k USD/1BTC and lost all my other assets with BCC 400usd.
I still have been keeping them with the belief that it will recover and over 20k.
it is too long time and that makes me so tired, i need money to invest a plan,but there is no money
Do you have any idea?
thanks
this is where we are tested in patience, because the only way is to be patient until the price of btc goes up, for that I believe that btc will definitely rise again. |
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it's true that bitcoin is a digital gold version, as we know dinars and dirhams have been used since ancient times in arabia and the value is stable, unlike bitcoin the voices are higher but bitcoin is digital gold
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You're right, and to that bitcoins future are so bright. but we cant keep calm that there is always other country other than america we're want to put some barrier for the improvement of btc. btc amd other crypto currency will bring huge changes in our society we should expect a lot of things to happen.
I think this is more about the way America is trying to use USD as the No. 1 currency in the world. Bitcoin shouldn't be more popular than USD. But bitcoin continues to gain hearts all over the world.If America had always supported 100% crypto, its development would have been much faster now. You have a point probably the US doesn't support 100% the cryptocurrency especially Bitcoin simply because they want that USD to be number 1 currency in the world but through the existence of bitcoin it all changed. Bitcoin caught the attention of the mass through some extraordinary factors that USD doesn't have like a high volatility rate that is perfect asset for trading and investment. Bitcoin could give a certain country with better Economic status once they acknowledge it. of course the US is afraid of bitcoin rivaling usd, because why now many people are interested and choose to make payments using btc. |
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