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#PROOF OF REGISTRATION
Bitcointalk Username: Expecto
Telegram Username: @Expecto1
Participated Campaigns: Signature Campaign
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There are still so many people who have misinformation about Bitcoin or even no clue about it. So, I think the adoption being slow now is normal because of this. In time, with the help of educations about Bitcoin and Blockchain, the adoption rate will start increasing faster.
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In the technology sector, it is very important to do something that was not carried out before. Tesla did it exactly. Their success on full-electric cars brought fame to them and they overtook many big companies in a very short time. So, I think they deserve this growth.
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Bitcoin has started to give green light in the last days. Its price reached 11k dollars again after some time. But still I don't have much hope about all time high on this year. Something tells me that it will happen on the first quarter of 2021.
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Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?
I don't have much information about IRA. But I can say that Bitcoin can be quite profitable if you are willing to keep your money on it for a long period as you said. I think Bitcoin is not very short-term friendly but a good choice for a patient investor. |
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I think Bitcoin and Blockchain should be taught as a lesson especially in colleges and specifically in computer science. Because cryptocurrencies and their technologies are directly related to computer science. By means of this, more people can start working in the field and contribute to the crypto technologies.
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This is the chart of Bitcoin's Avg. Transaction fee: https://bitinfocharts.com/comparison/bitcoin-transactionfees.htmlRight now the median fee is about $2. After lots of halvings the reward won't be enough to satisfy the miners. I guess that after a decade, bitcoin will be more widespread, as a result, more transactions will occur every second. Won't this increase the median fee? If it does, bitcoin will start being a not-so medium of exchange. Imagine paying $5 for a transaction. Even paypal doesn't charge that much. The increase or decrease in Bitcoin transaction fees is dependent on the demand for Bitcoin. If the demand starts to decrease, the fees will start increasing. If the other way around happens, the fees will start decreasing. So, demand is a very important factor on this. |
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I am really irresolute about this. I think there are just two alternative answers for this question. The first is, CBDC could help Bitcoin be adopted more easily because governments will start loving the digital currency system and it could lead to accepting Bitcoin as an alternative for a CBDC too. The second answer is, CBDC could have no impact on Bitcoin adoption at all.
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Hi guys. I have a friend who's parents are looking for alternatives and want to invest money into something other than their IRA account. They have a fixed IRA with about $100K, but they are unsatisfied with the miserable amount of interest they're getting. I mentioned to them that bitcoin is a possible alternative and one they can look into. Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)? Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up? Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Please give me your thoughts. IRA or Bitcoin for the long term?
Bitcoin and any other cryptocurrency always have risks. Volatility is their nature. But in my opinion, investing in Bitcoin for a long term can be quite logical compared to short-term investment. There has been various examples of Bitcoin price having a dip and after that going to a very high levels. This is my opinion and it is your choice.  |
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When you think, using "safe asset" word for Bitcoin could be strange. In the end, Bitcoin is volatile and fiat money isn't. However, fiat money can always be manipulated easily or go down in value while an economic crisis. But there is no such thing that a government etc. can control Bitcoin. In an economic crisis, Bitcoin will be better choice compared to fiat money.
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The number is really huge. I think it will continue to increase like that. Bitcoin is becoming more popular among people year by year. As long as the demand increases, there will always be a rise in the number of Bitcoin ATMs. They are still not very prevalent on Europe but there will be more Bitcoin ATMs there in time.
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Back in the days, Bakkt wasn't seen promising and it was like there was no future for it. But it seems Bakkt proves the people who thinks like it wrong. Thanks to this, the market can also take some boost from this news.
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I think scams are not harmful for Bitcoin's reputation. Because the thing we call "scam" is not just on the cryptocurrency industry. Scams also can be seen with fiat money too. There are people who are against Bitcoin and it looks like they will continue to try defaming Bitcoin.
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2017 was the best year for cryptocurrency market and it taught people so many things. I hope especially that was a good lesson for panic sellers. People should learn acting more wisely when investing in a cryptocurrency.
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If all countries can accepted crypto currencies in there various countries, as a means of payment and as a means of online exchanges, such as money is, money is anything use as a means of exchange and general acceptable. With the means I think all cryptocurrencies (bitcoin) will definitely go round the world, and will be use as a means of exchange. I will be so grateful to the creation of crypto currencies. This will also help our future generation, Remember something when we do international transfer across the countries, it may take a while to get the money to your local bank account, but with cryptocurrency you can get instant reflection if bitcoin etc is transfer to wallet,And you can make use of your coin (bitcoin ETC).
Bitcoin legalization actions gained speed recently. Even a country like Russia that was against Bitcoin has started to lean towards it. If the acceptance rate continues to increase like this, it will be awesome to see much more people use Bitcoin on almost everything. |
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I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.
First of all, Bitcoin is not that weak and it is a completely different currency than fiat money. On a world war, fiat money will take the most of the damage. Because in a situation like that, economy of the countries on war will be affected at a high rate. This will redound on fiat money badly. |
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I don't think that Bitcoin is difficult to understand when you eager to know about it. There are various sources about Bitcoin on the internet. People can just do a search and reach tons of information. Especially old people are not so curious about Bitcoin but young people are completely the opposite.
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According to the tweet https://twitter.com/TheRealTahinis/status/1295770434349281281. Tahinis, A Canada-based Middle Eastern restaurant has converted all their entire savings to bitcoin. The decision to turn the cash holdings to cryptocurrencies emerged in the March crash and as the Canadian government started to offer aid services to companies struggling to stay open owing to the pandemic. With the U.S. and Canada printing money to support their crippled economies, Tahini's owner Omar Hamam began to see the financial system as "a play of tic tac toe being played right now, and music will halt and some people would be left out." Hamam said he was worried that handouts and money printing would devalue the economy of the fiat. "It was clear to us that cash did not have the same appeal," he added. "In the end, with all the extra currency floating in the market, the capital will be worthless." He decided to convert the business's savings to Bitcoin as it "gives a much viable choice to saving cash." He said they would proceed to use Bitcoin as a reserve asset — "perhaps permanently if we don't need fiat." I think it is a good move for the restaurant. I believe that when fiat money of a country starts to struggle, people should give a chance for cryptocurrencies. Because they can be one of best options with gold in such time. After that, maybe they can decide to use more often after fiat money goes back to normal. |
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There is still nobody says "Yes" to the question including me on the poll.  I wouldn't reveal the real identity of Satoshi. Because I think there must be a reason for Satoshi not revealing his/her/their identity. If I reveal it, it might cause to some big problems who knows. |
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For example, China is one of the countries that banned Bitcoin but people are still using Bitcoin at high rates. So, I think Bitcoin usage can't be prohibited completely. Because Bitcoin is not in the control of any government, person etc. .
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