Current number of post (Including this one): 218
Telegram username: @David_Colmenares22
BitLucy username: wimex17
Merit earned in the last 120 days: 48

I believe that perseverance is the key to progress and achieve favorable results, so getting involved in this world of Bitcoin at any time will bring new opportunities; if it is true that having done it when it was just gaining strength was the ideal, as long as the investment made was taken advantage of and managed with the mentality that BTC would reach the values ​​it currently has because otherwise it would be in the same as the new ones at the moment. So my advice would be to know how to put that income to good use and achieve the desired goals without thinking about the past, only what will be obtained.

Bitcoin is a highly independent currency, it was created with the intention of carrying out transactions quickly and safely, without the need to be approved by third parties, which means that no government or banking authority had dominion over it. Currently, many leaders have noticed the great power and value that this asset has achieved and continues to acquire, so they were forced to accept it or completely exclude it from their country; those who decided to approve the BTC took their own measures to try to maintain some control and of course acquire profits, if they do not take these restrictions they will not obtain a benefit, so their only option is to violate the privacy of their users.

  Bitcoin mining has had a lot of claims from environmental institutions due to the fear that these companies will considerably increase environmental pollution, since it absorbs greater amounts of energy compared to other consumer companies such as traditional banks. These events have led crypto miners to look for new alternatives to be able to work without any problem, so the initiative to switch to renewable energy seems to me a reasonable decision, not only because it reassures environmental defenders, but also because also taking care of the planet we inhabit is an act of humanity and belonging.

Crypto miners are making a choice that favors the parties involved, creating profitability in this business, of course it is not an easy task and it takes time to produce a noticeable change, and they must be aware of any inconvenience, but this does not mean that it is not bring many benefits in a few years.

Since El Salvador was one of the first countries to adopt Bitcoin, it does not seem strange to me that its sister country Honduras now wants to be part of this idea. The funny thing is that a little less than a month ago they commented that they denied the use of BTC as legal tender. , however there was interest. What I do see that Bitcoin can bring to the country as a benefit is to combat the inflation that the country presents, helping to improve the economy of the place to a great extent.

In my opinion, everything will depend on what your approach really is, if what you say is how safe it is to invest in any cryptocurrency or in Bitcoin. Of course, there are some cryptocurrencies that I would classify as "safe investments". But that is more than anything it would be those that are relatively stable, bone that are supported by something.

But if you say Bitcoin I think it would be safe to invest if what you want is money but not in the short term, of course in terms of study it is the most reliable thing to buy, and if you have a little knowledge of trading, you will know that it is the best option.

Bueno la única forma  que veo fiable de burlar estas sanciones es si eres ruso y estas a punto de iniciar una cuenta en Binance, porque simplemente cambias de VPN y listo, de ruso ahora eres estadunidense, sin embargo sí ya aprobaron  el KYC se complica bastante la cuestión. De todos modos veo que parte de Gobierno  ruso no veo mucho interés al Bitcoin, queriendo ellos trabajar en su futura CBDC.

Sin embargo he leído que por parte de usuarios a nivel de Rusia es bastante movida, ¿Se vendrán ventas máximas por parte de rusos?

 
The wallets where you keep your crypto money are in charge of managing, saving and allowing you to carry out transactions, of course there are some better than others and with better security but, I consider that these are not totally absolved of any cyber attack, these scammers will look for a way to circumvent any possible security in order to steal your acquisition, if the identity of each person were to be revealed, it would not have any change, because they would find a way to steal from you. The best thing that can be done in these cases is to ensure your own well-being, reviewing each step that is carried out for the transfers is very important, checking each piece of information as many times as is considered necessary, being aware of any abnormality, so that in this way avoid these events.

  This type of event has existed for a long time, smuggling and money laundering is a very strong and difficult business to control, with the arrival of these virtual currencies such as Bitcoin, it gave a new direction to these criminals now in a certain way it facilitates them meet your goals.
In its process for the regulation of cryptocurrencies, India will have to keep its guard up, I believe that it should reinforce the security of these financial transactions, with due care to prevent the further expansion of this type of crime. In order to legalize this digital asset, it is extremely important to be aware of all the negative alternatives that may or already exist with the intention of monitoring and taking action.

Es peculiar el movimiento que están teniendo las CBDCs, en varios país he leído que están optando por implementar este método, incluso ya había hablado de como Europa quiere implementar su Euro digital. Pienso que esto puede traer más contras que pros.

Es un temor inherente  que se siente  al pensar que con las CBDCs intenten los países del mundo prohibir BTC, y como leo en la noticia que compartes Rusia no desea aceptar Bitcoin, por lo menos no de momento. Solo espero que esto no termine ocurriendo y que mejor ocurra lo que sucede en el Salvador, ¿ustedes que piensan?

If the more well-known traditional currencies like the dollar and the euro don't keep their values ​​stable, I don't think Bitcoin will. This virtual currency is decentralized, which means that it is not managed by any government authority, and depends exclusively on supply and demand, the more people who want to acquire it, the more value it will obtain for what it self,  if it becomes more recognized and taken for the rest of the world it will reach much higher levels, so it will always maintain a certain variation, either very evident or  controlled.

I see that it depends more on where you are, in some parts of the world the cost of energy is quite high but in others it is regularly more accessible, mining has its pros and cons and I think that the greatest benefit would be to mine a Bitcoin in more or less 10 minutes, of course, to do this, taking into account the blocking time, a very powerful mining machine would be needed, not only to have great hash power, but also to have the best efficiency.

It would be a significantly high investment, but the truth is I would do it, don't get me wrong, I am in favor of buying BTC but I consider that having at least one Bitmain S19 Pro would not be a bad acquisition

Bitcoin has gone from being a little-known currency to being desired by almost everyone, so much so that governments seek to take advantage of it and make it part of their system. For what purpose? Well, I would say that it is obvious, placing a certain percentage generates money, maybe not in the short term but in a considered time. companies or individuals that seek to evade these regulations that are being implemented by simply declaring them as donations, are not totally safe, because if a certain amount is required, comparing the evasion of churches with this digital payment method does not have sense, churches can receive cash and ensure that they are donations but BTC transfers to  must be through a platform and now with the monitoring that is taking place it will be difficult for them to escape.

Every that passes time  the man evolves and looks for new methods that are more feasible and safe when it comes to satisfying his needs, in this case economic, in the world numerous procedures have been generated to manage the payments of certain purchases, such as credit cards, Visa, MasterCard, among others created by traditional banking; But are these safe and efficient?

 A comparison has been made between the new and innovative digital currency such as is Bitcoin
and these credit cards; Both have their advantages, but they differ in speed, security, transaction cost, among others. An example of this is that many people are upset by waiting to transfer Bitcoin to the store where the purchase is being made but this only has about 10 minutes, on the other hand, cards like Visa are fast but have a disadvantage, the money  not reach its recipient directly, I do not consider this to be very beneficial.

Emmanuel Awosika gives his opinion on the matter:


Analyzing the pros and cons, I would certainly choose Bitcoin, both the buyer and the creditor win, and I think this is what should be considered when deciding on the best option.



What would you recommend? o What would be your choice?



SOURCE: https://bitcoinmagazine.com/business/bitcoin-will-replace-credit-card-payments

The virtual wallets that store any cryptocurrency are mostly reliable, they have certain security systems trained to protect their assets; When deciding on one of the most recognized ones such as the of Coinbase or Binance, it will depend much more on its benefits than on the guarantee of its protection. I believe that the danger would fall more at the time of transferring these coins to someone else, since there are too many malware attentive to swindle, so I would advise being aware of each movement in order to carry out the transfer without any inconvenience.


SOURCE: https://cointelegraph.com/news/bitcoin-stealing-malware-bitter-reminder-for-crypto-users-to-stay-vigilant

I guess it is a matter of time before the world ends up completely adopting Bitcoin, several countries have wanted to start with this idea, for example in El Salvador it has adopted Bitcoin as legal tender, the president of Honduras plans to incorporate BTC in the same way . Even in February, a Mexican senator said that
Source: https://cointelegraph.com/news/bitcoin-is-not-regulated-honduras-central-bank-pushes-back-against-legal-tender-rumors

The only inconvenience that I see possible is that governments introduce CBDCs instead of legalizing Bitcoin and want to restrict it or even ban it, what do you think?

Not only China adds to this, I was recently reading an article about CBDCs, but in this case European. The European Central Bank is conducting research to implement a retail digital currency, it is interesting because even a member of the Executive Committee of the Central Bank, Fabio Pantea, comments that it is
Research on the complex potential interactions between CBDCs and monetary policy is left much to the speculation of what may or may not happen, as words like "financial stability" and "payment efficiency" are alluring, but falling into a BTC ban, it ceases to.

SOURCE: https://cointelegraph.com/news/ecb-executive-board-member-talks-about-current-state-of-digital-euro-cbdc-research

Russia is a country that has the largest reserves of resources that benefit a large part of the world, it is considered the third world power for a reason, its actions against Ukraine have weakened its stability to such a degree that it has to look for alternatives to be able to deal with the sanctions carried out by the EU and the United States, the drastic measures taken by this Russian government strongly affected the ruble and in turn the comforts of its citizens. Putin, seeing himself at a crossroads, decided to involve Bitcoin as a purchase choice for his main exports and in this way be able to survive the blow of these restrictions implemented by governments against

Although I recently made a post related to this topic, where the European Union already took measures to stop any cryptographic transaction, its objective? Possibly to force Putin to stop his invasion

Source:
 https://www.google.com/amp/s/cointelegraph.com/news/eu-bans-providing-high-value-crypto-asset-services-to-russia/amp

Examples of economies as inflationary as that of Venezuela, the BTC could be of help, although this can be taken from various points of view such as personal or at the government level. Bitcoin if it could mark a before and after to combat the inflation of a country, I read that in an article recently, https://cointelegraph.com/explained/is-bitcoin-a-hedge-against-inflation

Touching a little more on the example of Venezuela, it was commented that Taking it to a more personal perspective, in March while this country was trying to recover from its inflation using the dollar as a support, which did not work because it had fallen by 2.8%, due to the events between Russia and Ukraine. But other people managed to resist thanks to bitcoin.

Source: https://www.bullfrag.com/venezuelas-inflation-in-march-killed-any-backup-plan-in-dollars-or-bitcoin/

What happened between Russia and Ukraine gave a different perspective of cryptocurrencies which have always been classified as fluctuating and a way of saving to deal with events like these, but the drastic decline that major currencies like Bitcoin had showed that it is not they are totally safe, that their integration into the financial markets of the countries affects these assets in a certain way, making them more volatile than normal. But despite everything that has happened, cryptocurrencies are still the best option, especially BTC, so much so that both countries chose to integrate them immediately to deal with their confrontation, Russia to save itself from sanctions and Ukraine to help its people by receiving donations.