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I believe governments have recently considered accepting BTC as a payment coin and as a means to be used as a legal tender. El Salvador I watched the developments in this country about The acceptance of BTC as payment coin and monthly salary for people in their country is gradually being accepted. But it seems that there are still some issues that have not been fully resolved so that some countries on their central bank side are still apprehensive about BTC.
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one of the most well known mining company "Bitfarms" is set to establish a mining station in Argentina with the project target to employ about 55,000 miners by the end of 2022, this is a great opportunity placed on for the people in terms of employment and poverty elevation, Cryptocurrency is truly giving back to the community indeed with diverse opportunities. one of the focus challenges to be encountered through this process is the energy source required (power supply) and a desirable location for the site to be stationed. this project target on Bitfarms focal view in a bid to seeking a new location to site another of it mega mining company at, Bitfarms start construction of mega Bitcoin mining farm in Argentinain furtherance to this, are there other suitable locations that could be of greater advantage of power supply with infrastructural conditions favourable for accommodation within Argentina while contrary opinions on this development is welcome. This is news that will greatly affect us and BTC, before China banned all of their people from using BTC and stopped mining BTC we were affected a lot by this country, but until Now there have appeared a lot of countries that want to mine BTC by building BTC mining factories, this becomes worrying. Because more and more mining countries like Argentina will cause BTC value to drop significantly because of too many miners instead of more large amount investors in BTC. |
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My opinion for you is that you have to learn by yourself first and don't even believe on these groups because I don't even think that this thing can give you a profit, probably most of them are just for wasting people's money, most of the time happens to me and I had lost my most of the profit through these scammers.
Most is a waste of our time and money, but we have the right not to trust them 100%. Trading signals that can help you learn the basics and identify currency pairs that are trending in the market then combine its own in-depth analysis to make the most optimal decision. It's better to join their free group first and see what their success rate is. |
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Do you want to invest long-term?, besides ETH, I recommend you to choose BNB instead of ADA and SOL. BNB has a lot of potentials and still holds great promise for the future. IMO, the price of BNB is still low compared to the utility it is bringing to the market. Most recently, Binance announced it will spend one billion dollars to promote the growth and expansion of the BSC ecosystem that competes with the recently emerging ecosystems.
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If crypto is legal and accepted then I think it will give us many options besides fiat, cannot completely replace fiat. It definitely won't happen. It happens when governments launch their own cryptocurrencies and control them.
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Bitcoin is not backed by anything like gold or fiat. 12 years of existence and development and currently each bitcoin is worth about 56k $ (at the time of writing this review). I think you can feel bitcoin is really valuable or not?. The value of gold or fiat depends on human supply and demand and so does bitcoin. Bitcoin demand is increasing every day, someday Bitcoin does not need support from gold and fiat, bitcoin will soon become the best alternative to gold and fiat
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...but I see them going ahead to try to influence other big countries to follow their foot steps.
I ain't sure China is going in that direction or if she is, she hasn't succeeded in that aspect because we haven't seen the supposed big countries banning Bitcoin. What we see most of them do is ask for regulations and documentations from exchanges domiciled in those countries. Talking about the effect of China's negative attitude towards Bitcoin; well, I don't think we have seen much effect in that direction. Bitcoin is still waxing strong and soaring to new heights. If this were an American ban, perhaps things would be different. China started banning crypto in 2013, this year they completely banned bitcoin in their country. And then Mr. Gensler, states that the SEC has no plans to ban crypto, That is an affirmation China has failed to entice other countries to ban bitcoin. Bitcoin has grown without China and now it is being supported by many countries. China's ban has long had no effect on bitcoin. |
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It is too early to judge whether that is important to a country. It is true that crypto is popular and growing, but if a country accepts and uses cryptocurrencies not exactly a developed country and vice versa, a country that bans bitcoin can also be a power like China. Clearly, it is not really essential to determine the development of the country.
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Indeed, the price of Bitcoin rose again in early October. The re-greening of bitcoin prices is also due to seasonal factors. Some analysts say October is usually a bullish month for bitcoin and altcoin prices. I believe the price of bitcoin will continue to strengthen and expect the upward trend to continue until the end of this year.
The first week of October has been great for btc, btc is trading at 54k$ up more than 20% from the end of September. But do not rest in victory, the uptrend is still there but the market is very unpredictable so be careful with any next move of btc. I have not seen any positive increase for alts, btc increases alts does not increase, btc decreases alts plummets. |
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Government is the biggest threat to bitcoin, if all countries unite to get rid of bitcoin this will be the end of bitcoin. But I think that can't happen anymore, bitcoin is gradually being accepted in many places and legal tender in some countries. One China can't stand in the way of bitcoin, no matter how many threats but bitcoin is still growing and increasing day by day, let's firmly believe in bitcoin.
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I got a lot of opportunities but couldn’t take the advantage. Some of the reasons were lack of confidence in it. A lot of people have missed bitcoin in the past including me, when I first heard about bitcoin I really didn't care much. After much deliberation and trying to convince myself to sit down and start learning about bitcoin, I missed a while. The second thought was that now the current price is the maximum it will not increase so much anymore. At the Last I thought that I would collect bitcoin again when the price dropped a bit. At that moment the price of bitcoin was approximate $3000. Till today I didn’t collect 1 bitcoin. I miss a a lot "Bitcoin".
IMO, I don't think bitcoin will stop here with me bitcoin will reach 500k even a million dollars in future. I can't tell you exactly when bitcoin will hit but I believe bitcoin. No regrets, opportunities still abound for us as long as we act from now on. |
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Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen?
No physical presence is a good thing so it won't be controlled, bitcoin cannot be touched like fiat or gold, but its value to those who own it is priceless. The value of Bitcoin is already higher than gold, so what are your doubts? trust in bitcoin is growing rapidly at times like this, even bitcoin has become a currency in one of these countries, this is a sign that in the future bitcoin will be more trusted in other countries, so that bitcoin trust in the future will increase and even beat fiat in my opinion.
Bitcoin is being trusted more than ever, currency manipulation by major powers, central banks is causing people to lose faith in fiat, and bitcoin is the savior we've been looking for for so long. |
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Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
I also blocked a lot of phone calls from unknown numbers, this is our fault for leaking information and not the fault of crypto or anyone. Lots of calls to offer to invest in cryptos, join stock exchanges, forex, real estate...most of them are scam projects. The market is not at fault but it is the bad guys who take advantage of the market's reputation to create scams and it happens every day. |
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We don't need the government to accept bitcoin as legal tender like El Salvador, it would be better if all countries accepted bitcoin and bitcoin users would be protected by law. On the contrary, if bitcoin is not legal then it will not affect the development of bitcoin and people will still use and trade it somehow. In fact, bitcoin is still being traded in countries that do not yet accept it legally.
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If you don't want to store your assets in a bank or a third party is holding them, bitcoin is a better choice than fiat money and gold. But with volatility bitcoin is actually quite risky, your asset can evaporate quickly if we are in a prolonged bear market. Nothing can guarantee that everything is 100% safe including gold, so it depends on the individual's point of view.
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Bitcoin mining requires energy. Impossible to mine bitcoin without electric power.As a result of many machines and tools this bitcoin mining work is done. Adequate current is required for mining Adequate mining in some countries resulted in a shortage of electricity in those countries.Must do bitcoin mining Energy is needed.
Bitcoin mining requires energy, even a lot of energy, but not wasteful and not to the extent that it pollutes the environment or is the main cause of global warming. It's all just a theory to suppress bitcoin by some bitcoin haters. Bitcoin like any other industry has to consume energy and produce emissions. But they all serve and bring real value to people's lives and so does bitcoin. |
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Bitcoin up and down is quite normal, I am not surprised by this. Bitcoin has a reputation as a volatile investment channel and the nature of the crypto market has always been hyped, many people invest in cryptocurrencies for this reason. The reason bitcoin keeps dropping in september is because of china ban (it repeats too many times) and the 10% increase in one day probably came from the assertion of Federal Reserve Chairman Jerome Powell. De does not intend to ban bitcoin and cryptocurrencies as China did.
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This is not new news for the market, China's ban has been in place since 2017 until now. Every time China's ban was spread, the market fluctuated and then the market goes up again. Instead of taking this as bad news and spreading FUD, then I think this is an opportunity where we can buy more bitcoin before it bounces again.
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We still don't know what bad things you've been through, but consider it a lesson like any other in life that you have stumbled upon. Don't lose hope and give up just because of something bad. If you decide to give up crypto, you will definitely regret this decision in the future, Cryptocurrency is the trend of the future. Hope you will come back to the topic and tell us what your real problem is? everyone on the forum can give you the best advice.
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1.You and all those who have not yet invested in crypto still have the opportunity to build a portfolio. Crypto is a long-term investment market and it's never too late for anyone. crypto-friendly and suitable for all walks of life. Build yourself an investment portfolio right now.
2.There must be volatility in the market, that is the nature of investing. So it's hard to answer that, there is a decrease, there is an increase.
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