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41  Other / Archival / Re: [Merit] Help newbies and those who have a little left to the next rank on: August 13, 2021, 09:54:34 AM
Rank: Newbie
Amount of merit: 5
Profile Link: https://bitcointalk.org/index.php?action=profile;u=3364482;sa=summary
Thanks!
42  Bitcoin / Bitcoin Discussion / Re: Bitcoin is more real than money in the Bank on: August 13, 2021, 06:18:32 AM
Bitcoin is a peer-to-peer electronic cash system that uses a decentralized and distributed accounting method to achieve open accounting.
Bitcoin uses decentralized distributed accounting to prevent tampering and uses cryptography to ensure security.
Bitcoin is scarce and anti-counterfeiting. Its total amount is fixed and limited, there is no additional issuance, and there is no forgery.
The bank's money is controlled by the government and the central bank. They can print endless banknotes and plunder your wealth without consent.
43  Bitcoin / Bitcoin Discussion / Re: Bitcoin Replacing U.S Dollar as the global Reserve Asset on: August 13, 2021, 05:57:39 AM
If a currency becomes a global reserve asset, it must be accepted by all countries in the world.

As an emerging cryptocurrency with a history of more than ten years, Bitcoin has not yet been accepted by everyone, and some countries have even cracked down on banning the use of Bitcoin.

Bitcoin's price fluctuates greatly and is unstable, and it cannot be used as a stable currency. At present, it is impossible for Bitcoin to replace the U.S. dollar as a global reserve asset.
44  Bitcoin / Bitcoin Discussion / Re: Bitcoin being decentralised an illusion? on: August 13, 2021, 02:04:36 AM
Bitcoin is a true peer-to-peer electronic transaction and allows direct online payments from the initiator to the other party without the need to go through a third-party financial institution. It does not require the government and central agencies to control personal funds.
The Bitcoin system is already a high degree of decentralization. Its issuance and transactions are all decentralized. It runs a complete node and participates in network consensus through a unique Bitcoin network system.
45  Economy / Economics / Re: Bitcoin doesn't care about Tesla and Amazon on: August 12, 2021, 03:53:40 AM
Bitcoin's price fluctuation is not entirely affected by technical indicators, it will also be affected by some social news.
When Musk declared to accept Bitcoin as payment, the price continued to rise and remained at that level for a long time. When negative news appeared, it was vulnerable to negative news and the price fell. Although the impact of these news on Bitcoin's price is temporary, these major events and the operations of some large companies will definitely have a huge impact on Bitcoin.
46  Bitcoin / Bitcoin Discussion / Re: Do you still have thoughts of picking Gold over Bitcoin, read this. on: August 12, 2021, 03:36:44 AM
Gold has a long history in history. It is almost the same as the history of human civilization. It has gone through many historical tests, and people all over the world now recognize the value of circulating gold. Investing in gold has a clear profit. Although the profit is relatively slow, it faces less risk and is safer.
With the emergence and popularity of Bitcoin, more people are now aware of the benefits of Bitcoin and choose to invest in Bitcoin.
The number of bitcoins is constant, with a total of only 21 million, and will never be issued. From the perspective of scarcity, Bitcoin has a lot of room for appreciation in the future value.
Compared with gold, Bitcoin is more portable and easier to store. Save Bitcoin in the wallet and store the private key to make transactions and transfers on the Internet, and cross-border transactions are more convenient and faster.
47  Alternate cryptocurrencies / Altcoin Discussion / Re: The regulation of the cryptocurrency market will become more serious on: August 10, 2021, 06:48:03 AM
1.The government needs to strictly supervise the market chaos and derivative criminal acts of cryptocurrency. The benefits of cryptocurrency may lead to the emergence of more cryptocurrencies in the market, but most cryptocurrency trading platforms are not subject to legal supervision, and it is naturally more difficult for investors to obtain protection for their property.
2. The government regulates the crypto market for their personal benefit. The government will use cryptocurrency to achieve taxation purposes and obtain more income.
48  Other / Beginners & Help / Where is the source of value and credit support for Bitcoin? on: August 10, 2021, 04:06:51 AM
The national legal tender is issued by the government, and the value of the currency is ultimately tied to the country’s credit. However, bitcoin as a cryptocurrency without the backing of a national economy and coercive force, has been accepted and recognized by more and more people, and its value has also increased exponentially. How was it accepted by people so quickly?
Bitcoin's decentralization makes its transactions free from any supervision and manipulation and independent of the current monetary and financial system. Will its emergence be the country's fiscal sovereignty and monetary sovereignty? If the government strengthens its control in the future, can it continue to  its current development?
 
49  Bitcoin / Bitcoin Discussion / Re: Does Covid-19 affect On Bitcoins on: August 10, 2021, 03:59:31 AM
When covid-19 was discovered, there was some panic in the field at first, but it eventually led to a more positive trend. During this period people may lose their jobs and stay at home most of the time. There will be more time to learn about it and invest in it. If they see Bitcoin can be a new way to make money, they will use Bitcoin. Many companies and institutions also started investing in Bitcoin during this period, so this is indeed positive for Bitcoin.
50  Alternate cryptocurrencies / Altcoin Discussion / Re: How to judge whether newly listed coins are worth investing? on: August 09, 2021, 09:07:31 AM
1. It can be judged by its white paper, understand the basic currency information from the white paper, and see if there is plagiarism from other projects.
2. Whether it is listed on a large and reputable and well-known exchange, there will be a better future.
3. Know its project team. Information about the team and its previous projects should be public and complete.
4. Whether the future development plan of the project is clear and reasonable.
51  Economy / Economics / Re: Central bank digital currency will improve the use cases and value of Bitcoin on: August 09, 2021, 03:57:39 AM
Bitcoin is becoming more and more popular. The digital transformation of payment systems and the market's demand for stablecoins are prompting countries to explore central bank digital currencies. 
If digital currencies gain attention, they may actually increase the value of Bitcoin and other digital currencies. Moreover, with the implementation of digital currencies controlled by the central bank, cryptocurrencies will be known to more people and their usage rate will continue to increase, which will have a positive impact on the crypto market.
52  Economy / Trading Discussion / Re: What is stop loss and how it works on: August 07, 2021, 03:29:22 AM
Risk control is the prerequisite for any investment, and strict stop loss is the core content of risk control. Stop loss is used to protect the safety of investors' funds and reduce investment risks.
The specific stop loss method should be combined with the specific trading system. Blind stop loss and trading that do not understand stop loss will also fail.
53  Other / Beginners & Help / Re: Introduce Bitcoin in one sentence on: August 06, 2021, 08:37:39 AM
Bitcoin is a decentralized world currency. It has no central issuing agency and no national borders. There is no need to go through any financial institution transfer transaction, and it can circulate freely all over the world.
Bitcoin has the characteristics of anonymity. Users can use Bitcoin as they wish without worrying about leaking personal information to truly protect the security of personal assets.
54  Bitcoin / Bitcoin Discussion / Re: Why crypto (bitcoin) is better than traditional money? on: August 06, 2021, 07:17:01 AM
Decentralized
Bitcoin does not rely on the trust of any entity and is a valuable cryptocurrency that is not supported by government agencies or financial institutions.
Scarcity
Bitcoin has a fixed and limited supply. Many people are long-term investors, and now more people enter the crypto market, leading to more scarcity.
Portability
Bitcoin is not a physical object like gold and cash. It runs in a network system. As long as you remember the wallet private key, it is safe and convenient to store. It can also conduct cross-border transactions through the Internet.
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