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Just my thought, if that happened there might be panic for people who don't know what Crypto is. Must adapt to the introduction process of the function and use beforehand. But this is very interesting, if the Bank and the government make Crypto, maybe the price will also suit the people in the sense that it has a stable price so it doesn't trigger inflation ..
But in my opinion if that will happen, it might be more precisely Fiat Digital, a conventional digital currency whose price does not follow the Bitcoin exchange rate.
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What I think about and what I will do is learn from experience (2017-2018).
Keep some of the assets because we won't know what the price of bitcoin will be. But at least holding assets in the long term is one of taking profit.
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The industry has been good at adopting digital technology so far, but they shouldn't stop there. Adaptation is needed from society to accept new realities and be able to adapt. The best adaptation process is with accommodative policies and cross-border cooperation. Resolving problems through international organizations is increasingly important considering the adaptation process of technology is different in each region and even country. The different rates of adaptation reflect different economic structures and social preferences. The digital revolution that affects the country's economy which serves as a hub. However, if adopted properly, this technology can be very useful for humans. The blockchain system can be adopted by banks to make every transaction more stable and faster. So, do you know a way to convince the public to accept Digital Currency? The point is cooperation between users in the introduction and understanding of Digital Currency.
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In my opinion, this is an interesting moment because even the COVID-19 outbreak and the global economic recession continue to drive up the price of bitcoin. Bitcoin has proven to be a safe haven asset. At the start of the corona pandemic up to this year, prices actually went up. On the other hand, other investment products cannot stand being exposed to COVID-19. Blockchain can play an important role in accelerating post-crisis digital transformation initiatives and solving problems highlighted in today's systems.
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In theory, I think this volatility will decrease as the Bitcoin market and technology develops. Never before had a currency invented itself, so it is very difficult (and interesting) to imagine what developments will follow. But in my opinion, if it is related to marketing techniques, the more demand the rarer the total product, the higher the price. It is possible that this theory could happen.
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The same thing happened to me when I first learned what crypto is, at first I was hesitant to follow it but with determination and high intention to buy I decided to invest in the long term and see now the price of bitcoin is very high. Our role as holders of Bitcoin assets keeps prices up, and invites our colleagues to enter the world of crypto. Because the more demand, the higher the price.
It's never too late to start ...
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I don't have that kind of thinking, the thing that makes Bitcoin price high is because of the support from big companies that have entered the Crypto market. If that statement you mentioned happened, I think competition will bring down the company too. Suppose the price of bitcoin is $ 1000, when company (A) buys a large amount which causes the price of bitcoin to rise to $ 5000, so if the company wants to sell it again must make a profit first. And if the company makes a big sale, at least the bitcoin price will return to its original price ($ 1000). That's in my opinion, if there is an error please correct it
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I think the factor of the rise in bitcoin is due to investors or big businessmen, those who understand and understand the performance of bitcoin will take various actions to get profit. So I mean this, someone or a company that has a well-known name buys Bitcoin, with the aim of attracting lots of people into the world of crypto. In addition, the factor that caused the price of Bitcoin to rise was the level of investor concern that the central bank's efforts to deal with Covid-19 would trigger inflation. Gold and precious metals are usually used to hedge against this risk. This is what keeps the demand trend on a continuous basis. The demand is increasing, the price is also increasing. I myself am waiting for good news, which other big investor will make Bitcoin price so high.
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That's a very positive thing, but I just want to know if the lady knows what Bitcoin is? From performance to Bitcoin price? If the woman doesn't know at all, there is a chance that she will find out herself and then when she finds out that the price is so high, maybe she will sell everything. That would make the price of Bitcoin go down if you just sold without thinking. So my advice if that happens please before you give 10-15 Bitcoin, tell me the reason for giving it and how to use it so that Bitcoin assets can be used as long-term investment capital so that the price of bitcoin remains high and does not go down.
Haha I find it very interesting, in expressing feelings through Crypto assets.
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Depending on how people use these assets, Bitcoin as a cryptocurrency or crypto currency is an investment place that leads to gambling because it is entirely from speculation without adequate fundamentals, but that doesn't mean Bitcoin is gambling. Remember in Bitcoin trading, there is a supply and demand in every sale even though the price fluctuates significantly. Bitcoin is still there and the price is getting higher because of the large number of enthusiasts to buy it.
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This is just my opinion and experience in Crypto Bitcoin. I have learned a new lesson in investments that have high returns but are not free from high risks either.
Indeed, bitcoins cannot be obtained easily, the way I manage to get bitcoins is by advestising if here it can be called a bounty. The Bitcoin opportunity is promising, but if you depend solely on Bitcoin it is wrong. My advice is if as a businessman when earning from Bitcoin, take 30% for investment, 30% for other businesses, the remaining 40% for saving. Oh yes, Bitcoin is only specifically for people who have buying interest
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In my opinion, bitcoin here is proven to be one of the safe assets from global uncertainty or a safe haven asset. So I think bitcoin will continue to be favored by investors in a situation like this and I think this is the right time to invest in bitcoin especially because many other investment platforms are experiencing a significant decline due to the Corona effect.
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Most importantly also learn Bitcoin technology itself and learn techniques in Bitcoin trading. How to buy and sell Bitcoin, how to see a good market, and know when to buy or sell. If you want safe bitcoin investment with minimal risk, it's better to make Bitcoin investment like long-term precious metal gold. When viewed from the type of Bitcoin investment, if you want certainty of profit it should be long-term, because sometimes we see Bitcoin prices moving quite wildly in a month or two. The very important thing is, don't panic.
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Are your statements more about security comparisons? In my opinion, Bitcoin is a kind of digital asset that has a function, one of which is for investment. Meanwhile, the Bank also has the same function. But it is true, Bitcoin has a significant fluctuating price which makes Bitcoin very risky. But even so, for long-term investments, bitcoin benefits more.
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