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As long as I know bitcoin my life has changed for the better first my opinion was just waiting for the monthly salary from working in the office but now I have earned more from bitcoin investment.
first I know bitcoin I don't believe in bitcoin but my friend tried to convince me to invest in bitcoin then I tried with a small capital after I saved about 3 months then the profit from bitcoin was extraordinary so I believe bitcoin can be used as an asset for the future.
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I don't want bitcoin in my country to be legalized because if bitcoin is legalized then the fiat value in my country has no value, I'm happy with the current situation bitcoin in my country is still illegal and bitcoin holders are not penalized.
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trust in bitcoin is growing rapidly at times like this, even bitcoin has become a currency in one of these countries, this is a sign that in the future bitcoin will be more trusted in other countries, so that bitcoin trust in the future will increase and even beat fiat in my opinion.
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Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?
Although bitcoin does not depend on gold or currency, it is not enough to prove that bitcoin is very suitable to be used as an asset for the future because bitcoin can stand alone even if it is not backed by currency or gold, meaning that bitcoin has proven to be more expensive and more and more investors want it. invest in it. |
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gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.
to say bitcoin is unstable then I agree with this, but to say that if the middle class rarely invests in bitcoin, only people who have a lot of assets or billionaires invest in bitcoin and the risk of investing in bitcoin is also very large I strongly disagree with this . when you think like this I think you are quite naive to say that because for me personally everyone can invest here. apart from the risk in investing it is a very reasonable thing because everything there must be a risk that must be accepted. apart from all that, all can invest here. there is no specific classification in investing in crypto, especially bitcoin, all here are considered investors, both small and large. I say that because I see that in the neighborhood where I live most of those who invest in bitcoin are only the rich and the lower middle class they invest in altcoins such as eth or bnb coins, |
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I keep bitcoins because I believe the value of the money will increase and so far this has been proven. In fact, I prefer to save money in bitcoin rather than our local bank, because if the local bank money will not increase and there is often a monthly fee deduction. So I believe bitcoin to be a good storage so far in my opinion.
It's true, my friend, saving money in bitcoin is very profitable compared to saving money in a bank, but it's also important to know that the risk is also big. The crypto market is uncertain at any time, the price of bitcoin can fluctuate because bitcoin is basically unstable, |
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I think miners are not bears they spend capital to buy mining machines just like investors they spend capital to buy coins here are the same as looking for profit but in a different way.
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for now the news published by china will have no impact on the market because everyone already knows when china gives negative news about crypto they take advantage of the situation to get profit they are very smart to make bad news about crypto with the aim of bitcoin price going down after bitcoin price down they buy bitcoin then they will definitely make positive news to push up the bitcoin price once the bitcoin price goes up then they sell it and they make a profit, then the news made by china will have no impact on the market.
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Risk is everywhere even every platform Or feild . In bitcoin risk are scammers, frauds, wrong decision that can cause your goals. Sometimes these risks are benefits to being awareness of people.
That's right, my friend, every action has a risk. Those who dare to take risks, usually that person will be successful, only those who fail are afraid to take risks. |
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Maybe they fear because many governments still do not support Bitcoin. All governments use Gold and Fiat currencies in growing their country's economy and that is why those rich people trust Gold and Fiat currencies but not Bitcoin and other Cryptocurrencies.
I don't agree with your opinion that the billionaire's fear of bitcoin is not because there is no support from the government, isn't bitcoin not dependent on the country, from the first bitcoin was created by satoshi nakomoto bitcoin is not accepted in any country but it is proven that bitcoin can rise without the support of the government , so the reason bitcoin is feared by billionaires is not because it is not accepted by the government. |
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until now bitcoin is still illegal in various countries only a few countries have legalized bitcoin but even so in countries that prohibit bitcoin there has been no arrest or hunting of people who hold bitcoins, meaning that even though they are prohibited, there are no sanctions against people who hold bitcoins.
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Until now bitcoin is still standing and the price of bitcoin is not so affected by the issue made by the Chinese state, this proves that bitcoin is independent and does not depend on anything even on the state. With this incident bitcoin is increasingly in demand by new investors.
China makes issues like this, of course they have a mission and if the price of bitcoin goes down with the issue they make then they will buy bitcoins in large quantities and after that they will make positive issues about bitcoin with the aim of boosting the price of bitcoin and they sell it they will get the advantage of this incident, so don't be easily influenced by issues made by countries like China, they only prioritize personal gain and don't care about others.
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gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.
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many people have claimed to be satoshi nakamoto but until now nothing is true they just make up fake news and only stupid people believe it, basically satoshi nakomoto doesn't want to appear in public and until now it is still a mystery who satoshi nakomoto really is maybe taka teki this is not going to be solved forever?
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Guys, how are you doing with mining now? I'm just not sure if it can do the same thing now as it did before.
Currently the mining app crashes, I can't run the mining machine at the moment, so my assets are now stopped. I'm waiting for my mining app to run again. I asked my friends. They don't understand why the mining engine is now stopped. I really hope mining machines can run again. |
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Bitcoin and gold are equally profitable when we invest, many people invest in gold because they think saving gold in the long term can be profitable and people who invest in bitcoin they conclude that currently bitcoin is one of the most valuable assets in the future so they store bitcoin in the long term long means that they will reap profits in the future and there are also those who save bitcoins for their children and grandchildren using bitcoins as inheritance for their families.
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Holding is simple and low-risk, but it typically yields smaller returns. Mining is significantly more difficult to execute, necessitates large capital, and is riskier, but it can theoretically yield higher profits.
true, my friend really agrees that mining requires a lot of capital to buy mining machines and pay electricity bills, for those who have small capital the choice of trading is very appropriate and the risk is very small. |
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china is a country that has advanced technology they only get profit to try anything for profit even they often make news to lower the price of the crypto market then when the price goes down they buy bitcoins in large quantities and they sell at high prices that's what they do to find profit.
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Miners need a lot of capital to buy machines and need funds to pay electricity bills every month. Basically, for those who mine, they have to prepare a lot of capital, but if hold only needs money to buy tokens and hold it then I am interested in holding rather than mining.
If we talk about capital, then both mining and holding both require capital. To mine you just need to run the mining machine to generate the coins you mine and the income you get in my opinion is very instant. Although the cost of buying a mining machine and running a mining operation is quite expensive, I think the income they generate is quite worth it, especially if the price of the coin you are mining is in a good trend. For holding, you only need to set a time limit and the target you want to achieve with the assets you invest like bitcoin. The revenue generated may not be instant due to price volatility. It took some time to profit from it although in the long run bitcoin is quite profitable. For the two options above it all depends on interest. Miners can also still hold all their mined coins long term and sell them at a higher price. I like both, but it really depends on the capital. Holding and miners are both profitable, I just explained for those who have small capital can't afford a machine to mine so I recommend investing in tokens because their capital is not enough to buy a mining machine. |
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I read a lot about China banning bitcoin whether it's true or just FUD but for sure the market is very influenced by news from China and bitcoin price drops drastically, does china intentionally make fake news and when bitcoin price goes down they buy bitcoin after that they make good news and bitcoin will go up then they release bitcoin is that the aim of china?
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