Not everyone will agree to this idea, do you think employers have time for this? Crypto's value is not stable and it's impossible that the government will agree to the idea of minimizing the use of banks. Besides, not all the stores are accepting cryptos as payment, people need to change it to their countries currency before it can be used.
I think some companies could start using BTC to pay employers as an incentive to work for them. Would be a pretty great benefit. All the firm would have to do would employ someone to monitor BTC prices and keep portfolios... |
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What would you guys advise someone who is retired, living off pension and savings? Is it too late/risky to invest at that kind of age?
Do you guys think the elderly have a chance of jumping on the crypto train, or do you guys think it's too late for them to invest?
I think not. You can invest in Bitcoins for their children and grandchildren. Especially, recently there has been a large growth dynamics. According to this, you will be able to invest and for myself as well.  This makes a lot of sense to me too. Bitcoin is surely climbing, and I wouldn't be surprised if it climbed to $100 000 in the future. A simple investment of $1000 now could mean the difference between a car or a bike in the future for many! |
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Haha, some more people retiring! $8000 - $7500 and rising
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It must feel pretty scary walking around with 100 btc on your phone... not that anyone could steal the btc, but people may treat you differently at that stage of wealth.
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Player Unknown's: Battle Grounds is the most fun. Right now, I'm playing is CSGO and Paladins.
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BTC and crypto's are giving the people power over controlling their own money and keeping it safe... for the first time in history! It's a quantum leap for personal finance, and I think it will help all who move to cryptos to escape the disadvantages of banks.
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I think there will always be someone speaking out in fear when the dips happen. They are essential for BTC's growth. I think he is also looking at the wrong side of decentralized currency. This isn't a market for criminals, but for everybody!  |
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Do you guys think they are going to fail at keeping crypo illegal?
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I agree with what most of you say. I believe in cryptos. I believe that due to the popular attention it's getting, BTC could rise above $100,000. I do also think that there are going to be major dips and peaks to get to that stage.
It all falls down to where the retired gets his/her money from.
Savings = Too risky. In case of emergencies, their investment could be going through a dip.
Pension/Small Jobs/Extra income = If they are able to play around with money, I would recommend anyone of any age to educate themselves with cryptos. They could make a lot of money!
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it is not yet possible and if you get paid in bitcoin you will have to spend more money for using it. because there are not enough places that accept bitcoin so you will have to keep converting back to fiat and that will always cost you (different fiat related fees and exchange fees).
for example if you want to pay your rent or buy groceries or pay for taxi you still need fiat, you can't pay them with bitcoin! not yet anyways.
I agree that it's not yet possible for most people. but I think that some could pull it off with trading. With cryptos not being exchanged for products or services yet; and the risk of the market, the only way this would happen is if there was a special agreement conducted with the employer... However I do believe that in the future, once cryptos have swarmed into society, currency will shift towards decentralization and all coins.. |
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Do you guys check prices of crypto's daily? I'm finding it so stressful to predict and watch prices shoot up and down.
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What would you guys advise someone who is retired, living off pension and savings? Is it too late/risky to invest at that kind of age?
Do you guys think the elderly have a chance of jumping on the crypto train, or do you guys think it's too late for them to invest?
No its never too late to invest,there is no qualifications in jpining the crypto world,they just need more explaination how their investment works and profits as well..every minutes there is a movement in price and It is very important that they would be open minded that they take a risk for their money and its pretty sure that for their old age they already understand how investments run.Even at their old age its good thing to know that there is still good opportunity thats knocking in their doors. Do you think it may be too late because if they invest, they may not be around in time to pull out of the market and benefit from the profits? |
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Are any of you making the jump from BTC -> BCH?
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Looking at the market price now, I'm caught in between buying btc at this dip or going straight for bch. BCH has risen 93% in 24h... it's the dice roll of the century...
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What would you guys advise someone who is retired, living off pension and savings? Is it too late/risky to invest at that kind of age?
Do you guys think the elderly have a chance of jumping on the crypto train, or do you guys think it's too late for them to invest?
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From what I've been reading, BCH is superior in a lot of ways, but I think due to the sheer fame of BTC, BTC will continue to stay #1, and BCH will climb to second place.
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Unfortunately, many counties have banned and will be banning the use of crypto currency.
So far, these countries have banned crypto:
Vietnam
Bolivia
Ecuador
Kyrgyzstan
Bangladesh
Nepal
These countries however do not have a major influence on crypto as they are third world countries and most investors/influences come from the West/China.
Do you guys think as it becomes more of a reality that crypto is the future of currencies, more countries will ban the use due to fear of losing control? Do you think as it becomes the normal form of currency, these countries will lift the ban?
What do you think?
Well as you've said, these countries are third world countries that pretty much aren't ready for blockchain technology and bitcoin yet. Look at japan and australia and all those progressive countries that are keeping an open mind about btc. See the difference there right? Just because they aren't ready doesn't mean they should full on ban it... most of the countries will give you a hefty fine if caught. SA and Brazil are third world but still allow people to do what they want in regards to crypto |
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Unfortunately, many counties have banned and will be banning the use of crypto currency.
So far, these countries have banned crypto:
Vietnam
Bolivia
Ecuador
Kyrgyzstan
Bangladesh
Nepal
These countries however do not have a major influence on crypto as they are third world countries and most investors/influences come from the West/China.
Do you guys think as it becomes more of a reality that crypto is the future of currencies, more countries will ban the use due to fear of losing control? Do you think as it becomes the normal form of currency, these countries will lift the ban?
What do you think?
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Personally, I would love this. It would be amazing if an employer gave the option to pay wages in crypto currencies, of the employee's choice. Tax could be deducted before the payment, and it would almost eradicate the need for banks. However, there is that possible risk of the crypto crashing.
Is there a foolproof way to be paid in crypto?
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BitcoinCash at least has a good reputation compared to the supposed-to-be-next-in-line BitcoinGold and this is reflected by BCH's latest value standing. Now, am sure that supporters of BCH would be rejoicing on this news as all coins/tokens are always looking for adoption as one of the keys in making digital coin a big success. For simplistic reason, I am wondering why there is a need to choose between the two cryptocurrencies...will it not be possible that both can be accepted by Kim Dotcom on his online empire? Many choices means more business and more customers. I think this picture from r/btc explains well. https://i.redditmedia.com/1B9zljpVreiQT8xtREH_E-4R8Ev6E2QaKyYLGrYgDTA.png?w=1024&s=87b67da4786e732a6e2eb712c3114d89 |
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