it is unlikely that Bitcoin will become the world currency. While Bitcoin has been successful as a decentralized digital asset and store of value, it has several challenges that would need to be overcome in order for it to become a widely adopted currency.
For example, Bitcoin transaction processing times are slower and more expensive than those of traditional payment methods, and its price can be highly volatile, making it a less practical option for everyday transactions. Additionally, many countries have not yet established clear regulations around the use of cryptocurrencies, which could limit their widespread adoption as a currency.
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Do you suppose that it will last until heat death of the universe? If we talk about that bitcoin will become a global currency we mean it become so someday, not this month. So right, there are some known problems which prevent from using bitcoin as a world currency right now, but all these problems can be solved in a near future. Technology is evolving faster than most of us can imagine. |
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When bitcoin is an official currency in a country it is good to hold enough bitcoins not as investment but as fuel for economy as you may need some money any time. And earning on outer investment is not so progressive for country, it is much better to develop an own economy. And if plans with volcano power plant will come true and other expectations with El Salvador's economy development will take shape it would be much better then just to sell their bitcoins on the top.
El-Savador as at now is already paying part of its debts and looking for more opportunities through the volcanic bond at hand, there's already positive indications for bitcoin price since the beginning of this year as it has always been surging high and one of the reasons to this may be because we are heading closer to bitcoin having, there are some other major events along which can be considered to have contributed to the rise, El-Savador is taking every single opportunities to make the best out of it bitcoin adoption and that's why you could experience some of its decisions to be outstanding and unique, now that it's determined to give a new look the operations of its economy will also add more savour to the nearest future result we shall behold from El-Savador's bitcoin adoption, the bullrun in other hand is warming up gradually as bitcoin is already giving a smiling price for the bull to soon begin. Repaying debt is good but if you don't develop your economy you'll get into debt again and again. If we talk about volcano power generation it is prospective not just because you can mine bitcoins with it; it is expensive to create a plant of such type but it gives a very cheap and green power which will work for economy of El Salvador for tens of years. They can mine bitcoins with the generated power or get some another power depended industry, doesn't matter, main thing that it is not just investing, it is a point from which economy can grow. The same point is a financial system El Salvador got when adopted bitcoin, because bitcoin itself is a financial system. Bitcoin is good not just because it is bitcoin, but because of opportunities it gives. |
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Среди участников ру локала самые лучшие портфели сейчас у sky999 и jokers10 (соответственно 9 и 10 место в рейтинге). Доходность их портфелей 78% и 77%.
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Пока весь портфель тянет соляна, она же в первые дни позволяла держаться в топ-5. Однако это и довольно рисковый актив, есть риски и падения по известным причинам. Уверен, что в течение года топ в этом рейтинге портфелей будет ещё сильно и многократно меняться... Любопытно, кстати, что все портфели пока в плюсе, и ни один токен ещё не обнулился.  |
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I don't expect bitcoin to be the world currency because the governments of the world cannot unanimously agree to adopt bitcoin. Government only cherish what they created and will be able to control.
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Did government created Internet? How strict can it control it? And anyway it had to adjust to it. Because when some circumstances force them to act they do so. And when we see that the most reactionary government already ban bitcoin it means they consider it big enough to be forced to decide what to do with it. They don't want but there's no other choice. Bitcoin becomes global not thanks but in spite of governments. |
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because there are not many service and goods providers that accept Bitcoin payments. now more people have Bitcoin as a long term investment asset. not as currency for a payment transaction.
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If you want to spend some Mongolian tugriks in Chile does it stop you that there are no stores accepting tugriks? I guess you'll try to find a solution (even trough exchanging) and not to look for an excuse. So usually people hodl bitcoin not because of a lack of spots where to pay in it directly, they have some other reasons. As for me I prefer to spend any fiat currencies first, that's why. |
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Probably when Bitcoin reach 200k El Salvador will be able to pay off all their debt using their profits from their bitcoin holding and the country buy position were all below 60k price if I am not mistaking.
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When bitcoin is an official currency in a country it is good to hold enough bitcoins not as investment but as fuel for economy as you may need some money any time. And earning on outer investment is not so progressive for country, it is much better to develop an own economy. And if plans with volcano power plant will come true and other expectations with El Salvador's economy development will take shape it would be much better then just to sell their bitcoins on the top. |
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The real issue is when Bitcoin is down (like 2 weeks back when it was around 16k), the majority is not willing to buy it. We hear stories like Bitcoin is going back to 10k or 5k. Its only when we see Bitcoin going up, people start buying it.
It is not a problem if everyone makes their own choice, it is not mandatory for everyone to own bitcoins. Moreover IMO it is normal if some would consciously choose to use fiat system even if they'll learn about bitcoin: system based on trust can be attractive for many. World is diverse and that is wonderful! And may be it is even okay that some people prefer to hodl bitcoin forever if they understand that bitcoin is money and they can spend it any time, but anyway prefer to hodl. |
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President Bukele's decision to adopt Bitcoin as legal tender in El Salvador, was a historical and bold decision, but it faced criticism due to the potential volatility of the cryptocurrency market, which significantly decreased value of their investment in 2022 in terms of fiat currency . However, as the market improved, the Salvadoran government's investment saw an increase. The President's tweet in Korean suggests he may be reaching out to a wider audience to promote the use of Bitcoin in El Salvador.More countries are likely to adopt Bitcoin in future.
Bitcoin adoption and being first is an advantage that they should use, so it would be right if they'll try to advertise that as wide as possible. We can see even in this forum that there are many people who start taking an interest to if there is a way of visiting El Salvador as a tourist, if there are good conditions for making business in there, etc. So it can bring more investments in the country and it is expected that government will try to use an opportunity. Hope they'll succeed. |
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the obvious obstacle is recognition from the state, not all recognize and can accept bitcoin and this takes time and cannot be easily resolved quickly.
It must also be remembered that banking is still very much needed because it accommodates manual transactions, and traditional transactions are still very much felt and indeed cannot be avoided and will bitcoin be able to do that later?
It depends on what are we talking about: if about replacing all existing currencies and becoming the only one currency in the world then it has no sense. Bitcoin's idea is to be an alternative, free, decentralized and anonymous. It is impossible to imagine it will be any how mandatory. When we talk about world currency I mean first being widely accepted for payment, so widely that mostly in every small shop around you would have such an option; and second to be considered as an anchor currency not less popular than some like euro or USD. I don't think this has to be, that is, for Bitcoin to be taken as a worldwide independent currency. I might not know but I could guess that the global Government might not come to this point ever where all accept Bitcoin as a legal tender except this is not what is been assumed here. As far as I am concerned, Bitcoin is already a global currency because those that have seen it as such have been accepting it for different things even some fiat currencies of some countries are not accepted in other parts of the globe today.
Bitcoin's nature gives an opportunity to use it as you want whenever you want. But there are not many places where payments in bitcoin are accepted at the moment. Right, it will hardly be totally accepted everywhere in the nearest future, but it can be accepted in majority of countries. |
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Yeah, bitcoin does have the features to be a worldwide used currency but sadly, it doesn’t look likely as the government of most countries are not really bitcoin friendly.
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15 years ago there was no bitcoin at all, 10 years ago it was interesting mostly to some geeks. And now some countries already adopted it. Don't be too hurry, the events are going with their own speed: one day bitcoin can become a worldwide independent currency, but to do so it has to work on different things including known problems like price and time of transaction or scalability. One day we'll see both that these problems are solved and bitcoin is accepted mostly everywhere. |
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I personally believe - if the person is not a good in finances and don't know how to double the loan money then one should not take this risk.
But some people who get the loan and payoff timely and get the investment done right are the wisest of all and one should make friends with these kind of people.
May be. But if someone knows how to invest (or thinks they know) they hardly will ask if it is a good idea to take a loan for investing. It is a question of a newbie or not a self-confident person: if they ask such a question, they are already in a group of risk of losing everything in investing and it is better not to risk to lose even what is not yet their. For instance I know about me that I'm not so good in trading so I will never take a loan for that: maybe I can lose something, but I'll never be in debt on trading, standing on that position. And it is calming. |
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Bitcoin, regardless if it’s globally accepted as a legal tender or not, we can always use bitcoin as a currency but only to those limited stores who accept bitcoin payment. Otherwise, fiat will still be the official currency and will still be used by majority. But bitcoin as an investment, everyone can actually do it as long as they know exactly what bitcoin investment is all about. However, if ever bitcoin will be globally accepted in the future, my plan is to establish a food business that will cater bitcoin payment, and that will also pave way to increase my bitcoin hodlings in my portfolio.
First bank cards were issued about 70 years ago and I'd say that their adoption and then real usage were really slow. And even now you can use it not in every store you want: in many countries still very few places accept cards and in some they accept cards only of local banks. Of course it would be amazing if bitcoin will be used really wide and deep at the nearest future, but even if we need to wait a bit it will be just a subject of time. |
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Разговор не о следующем цикле а о текущем и впереди еще год с двумя-тремя месяцами, минимум. Соглашусь на 99,99 процентов что стоимость биткоина в этом цикле не упадет ниже 6к, все остальное возможно.  Как известно, при манипулировании рынком одним из главных факторов является игра против ожиданий большинства. И тут поди угадай, каких ожиданий больше: тех, что, как и я, думали, что в этот сезон сходим ниже 10к, или тех, кто уверен, что уже начался бычий тренд. А от этого может зависеть и то, куда могут захотеть направить рынок те, кто им пытается играться. Отсюда мне единственное кажется, что вот флет сейчас в краткосрочной перспективе просматривается плохо, а вот логику как за разгон цены, так и за очередное дно я вижу. И, по-моему, тут как с динозаврами, 45/45 (и 10% на маловероятный флет). |
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Подсказываю: вы можете взять пример с модератора, который ненавязчиво подчеркнул, что по правилам хорошего тона было бы не лишним добавить ссылки на источники, которыми я пользовался.
Вы и правда будете игнорировать эти намёки до самого бана? Да, модератор был добр и любезен, и намекнул, что надо бы добавить ссылки. Но он не единственный модератор, это во-первых, а, во-вторых, все остальные пользователи тоже не отправляют репорты на это сообщение, чтобы дать Вам возможность исправиться и добавить ссылки на источники. На этом форуме действительно строго с плагиатом, банили навечно и за меньшее. И самое главное, что и через пару лет, если кто-то запустит очередной раз бота для проверки текстов на плагиат, отправит репорт, то аккаунт могут заблокировать. И чего ждать? Вы по-прежнему можете отредактировать свой топик, добавить ссылки и обезопаситься от бана. Чтобы не рисковать ни сегодня, ни когда-либо в будущем, когда может быть ещё более жалко аккаунта. |
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Криптовалюты не надо регулировать, они выполняют важную функцию, их не надо встраивать в официальную финансовую систему.
Вы, судя по всему, просто не понимаете смысла регулирования. Есть регулирование разного рода: например, получил предприниматель в качестве оплаты за свои товары или услуги криптовалюту, а как ему оформлять налог с этого дохода? По какому курсу, по какой статье налогового кодекса? Какой завтра инспектор к этому придерётся? Нет, никакого интереса принимать криптовалюты предпринимателю нет, если нет понятного регулирования. Регулирование бывает не только в плане запрета чего-либо, но и в плане регламентирования работы, что очень важно для тех, кто с этим сталкивается. Разрешительное или даже поощрительное регулирование вполне может стимулировать развитие тех или иных областей экономики, в то время, как отсутствие такового вполне может их сильно тормозить. Для целей общества лучше без регулирования не будет, потому что анархия подразумевает право сильного, из которого потом неизбежно проистекает регулирование и снова устройство государства. Когда государство уже есть, выгоднее обходиться без очередных экспериментов с выяснением, кто сможет сколотить банду побольше и пострашнее, чтобы они потом заново пересоздавали государство. Тем опаснее это ещё и для обсуждаемых в теме стран со слабой экономикой: если её ещё и добить анархией, то такие страны просто схлопнутся. Какое-нибудь Сомали не является таким уж заманчивым примером. |
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Investing when the market is bearish is the right choice. However everyone won't get the opportunity and majority panic to invest when the market is bearish having the mindset whether the price will increase or not. Unlike your financial ability it is always a must to learn which could get you enjoy more prospects even without capital investment.
Yeap, FOMO is the main foe of an investor! Expecting while the price will be the lowest to buy and to lose an opportunity of buying at a good not lowest price and then to be affraid to sell waiting the highest price. The main problem is to understand clearly when the market is strongly bullish: if to find that out then yes, it will be a time of earning on trading and main thing will be not to hodl too long and be content with profit you've got. |
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Actually, borrowing money for Bitcoin investment and other businesses is the same.
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Totally not, when you are an entrepreneur your profit is based on your aptitudes, you influence your business, you can change something for improving situation. So when you take a loan for a business many things depend on you. Bitcoin doesn't. If the whales decide that it's good time for bear market no your singe effort will improve that. It depends on things with which you have nothing to do. So if you are good in smth and undertake business in that it can be reasonable to take a loan if you believe in your talent. And even if you believe in bitcoin it is a bad idea to take a loan as you never know how long bear market will last next time. |
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However, it's important to note that the future of Bitcoin as a legal tender is uncertain and it depends on various factors such as government regulations and market conditions.
Bitcoin's idea was to make something decentralized and free of enforcement. Why should be expect that some governments will force to use it as a legal tender? Don't we believe that bitcoin is competitive enough to become used worldwide even if just not to ban it by law? As from my point of view, it is much better when countries adopt permissive legislation for bitcoin for free use it as what people want and not making it a legal tender. |
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Destroying bitcoin does not even make any sense.
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Oh there are many different interests in the world: bitcoin competes fiat currencies including USD and EUR and their issuers could be interested in destroying a competitor; some classical assets like shares market can be also interested in redirecting of financial flows to them. And there could be some other interested party. So there could be sense, but the balance between interest and efforts makes it too expensive. So whales prefer to earn on bitcoin and not to try to destroy it. |
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Bitcoin have every feature required to be a World Currency, but every country won't take the similar stand. For now few countries have shown green flag and one have made it legal tender within the country. These are part of development. Bitcoin will serve as the alternate to fiat, because it is really tough task to eliminate the entire usage of fiat and implement crypto.
It is tough at the moment, but with the growth of adoption technical part of bitcoin core will develop as well. Main problems are known and there are many different decisions of their salvation: now we look if some of these decisions can be useful while they are being tested on altcoins. I'm sure some ideas will be found when needed, we just need to wait a bit. |
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