In my opinion, not all economists are against the movement of Bitcoin flows, because those who oppose it are people who do not know how Crypto works. Meanwhile, the economy is now more digital, where transactions are easy and there are no delays. But on the other hand, some economists predict the risk of digital asset owners, especially in investments that can harm the country. But this is not a serious problem because as much as people hate the development of Bitcoin, slowly the economy is changing in the digital age which allows everyone to own digital assets.
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This is good news but it is difficult to say that crypto assets will become an inevitable part of the downstream development of the digital economy, making it possible in the future to facilitate transactions. If the transaction speed is not in doubt, but if the Bitcoin transaction at the Bank the transaction fee will be cheaper?
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I think many people call Bitcoin “digital gold” because of its good reputation. Gold has been known as a precious metal, while Bitcoin is known as the king of crypto assets. Although Bitcoin and Gold are similar but the main difference between the two lies in their growth environment. Bitcoin thrives during “risk-on” conditions, while gold prefers “risk-off”. Risk-on occurs when the economy grows, bond yields increase (and thus bond prices fall). On the other hand, gold thrives when real interest rates, i.e. bond yields minus inflation expectations, continue to decline. Please correct me if my opinion is different from yours.
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I think it's just a choice, whether you stay or change. Even though the topic you are discussing is about war which does have a link between politics and economics, in the past war was about fighting over a territory, now war is a competition for profits even though the risks are high. The problem is in your own mind, in Crypto anyone who is able to take high risks will get high profits. In price history, you can conclude that BTC is very profitable in the long run as long as you can change your mindset and know how it works. This is a market where there are buyers and sellers, haggling over prices to make a profit.
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I don't think that's true, because previously we didn't think there would be a covid outbreak. It is this panic that makes people forget what to do, and an instant way to earn money by selling some assets for necessities of life. Even though what was sold was far from profitable. But that's natural, but for now we know how to store assets properly. Save for the long term, and we must learn to predict what will happen in the future Because expectations are usually different from what we think
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If the state bans Crypto on the grounds that it will worsen the financial system and harm the state, I will stop access to Bitcoin. If the ban was just for my own safety, I think I can take care of myself. But in my opinion, the government is also acting in the interests of its country, perhaps avoiding inflation as a factor. Because Inflation can happen if we continue to sell BTC and exchange it for Fiat money.
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I think cryptocurrencies like Bitcoin are expected to last for 100 years. However, like the Tulip flower phenomenon centuries ago in the Netherlands, Bitcoin will be meaningless in the future, aka collapse with a high price causing financial markets to crash, That is if we cannot manage digital assets. Therefore, we as Crypto depositors, must be able to instill long-term principles without panic and stay away from bad news (No need to listen to bad news). And it's true you think, we save bitcoins for us and the future..
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It is true that online transactions are one of the ways to prevent the spread of the virus and in my opinion, it depends on the restoration of public activities which were hampered by the pandemic. Government spending will still be the main driver, through various stimulus before private consumption takes over as the engine of economic growth. So basically economic growth requires sufficient time to return to normal.
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I think Crypto development is getting better, thus attracting investors to keep their assets in Crypto. And look at the history of BTC prices that have made new ATH, and prove that Crypto opens up a good opportunity for progress in Fiat money which allows using the E-Fiat Blockchain system (Electronic Fiat) in the future and there are still many advantages if we know the Crypto system.
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I think it could be, but the exchange would happen if BTC prices were stable and there were no Fiats in the world. Because if there is still Fiat, there will be economic paralysis (Inflation). But Fiat is an icon of the founding of a country, so it is better to use BTC only as a digital asset because there is nothing to regulate in terms of price and as a long-term investment it is more than enough.
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