If we are going to take consideration on what's best for a certain country, regardless if it is possible that bitcoin may take down central banks or not, it would be best if central banks would remain dominant over bitcoin. If ever bitcoin managed to collapse central banks and take over its place, a lot of detrimental effects towards the nations economy will surely follow afterwards. Also, central banks are capable enough of restricting cryptocurrency use or decreasing it since the government is at the top of their heads that's why I think there's no chance bitcoin will be able to eliminate central banks anytime soon.

As we can observe, other than having a higher value right now, the individuals who gets involved in bitcoin is also improving. That can be one of the reason why the transaction fees became much higher than before. If you are just a small time bitcoin owner, it will bring you into disadvantage so you should somehow find a way on how you can make things work regardless of the situation. One effective way to transfer money from bitcoin to someone is through converting it on a certain cryptocurrency that has low transaction fee. If it would still be inconvenient, might as well wait till the money you are transferring is much higher so that the fee would atleast be worth the transaction.

Way back, the transaction fee was not as high as to what we have right now, it is quite disappointing witnessing bitcoin and ethereum charging so high right now whenever you are sending money. Well, modern problems would require modern solutions that's why you can see many who converts their bitcoin or ethereum to other coins with low transaction fees before sending it to someone. Also, it is not really ideal to send small of amount of money since what may occur may become the same as you experienced wherein the transaction fee is much higher compared to the money you are sending. It would be best if you only make transactions when a huge amount of money is to be transferred.

Although it seems that the alt season has already started, it's quite risky to invest on such considering the fact that their prices are already too high. Most of the time, altcoin's value follows bitcoin's volatility and with that being said altcoin might get dragged down together when bitcoin suddenly experiences downfall. Still, there is a chance that as bitcoin goes down, altcoins will keep on rising up so you are free to choose whether you will take the risk or lose the chance. Either way, you should make yourself responsible on whatever you'll be deciding and make sure you take the best and wisest strategy to win on your investment.

There are many reasons why most of the people prefer investing in government controlled investments instead of investing in crypto. One of which is the fact that crypto, regardless of the fame and the noise it made all over the world, is not yet recognized by everyone already. Also, there are some countries who are not yet considering crypto as a legal currency. Another thing is the fact that they are not knowledgeable enough that's why they choose to stick to the usual since it is too risky entering an investment that you have no idea about. Sooner or later, crypto or bitcoin specifically might end up under the government as they make regulations with regards to the investment in it so it will be best if we would make the most of it while that time hasn't come yet.

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Indeed time is of the essence in every aspects of life but if would relate it on bitcoin, time is much more valuable than we think it is. Even with just a span of a year investing or holding your bitcoin, you can already see and feel the effect in either positive or negative way. Bitcoin's function will give more importance to time as it gets developed over years. We may seem to ignore the existence of bitcoin at the moment because of the limitations and boundaries it cannot cross but in the near future, we will surely witness how time became one of the primary ingredient for our success with the help of bitcoin and other crypto.

Actually, the government in some countries has a hidden agenda towards cryptocurrencies. Some are just pretending that they are against it but in reality, they are secretely storing up crypto inside their national banks. In terms of predicting how long will bitcoin prevail, we can never be certain since no one can ever predict what the future holds. If we're going to rely on the probability that bitcoin can last our whole lifetime, considering its position and capability right now, the probability is high that it will. Instead of wondering until when will it last, maybe it would be best that we make the most from it while it last, trying is much better than regret.

The pandemic really made cryptocurrency more accessible and convenience for many but considering the current situation as a transition for cryptocurrency on replacing fiat cannot be supported or be made certain yet. Cryptocurrency may be considered as a very useful currency but knowing the limit and restriction it imposes, it can never replace fiat for now. Maybe in the future, through massive developments, we may really end up witnessing crypto taking over the world where it is used more often than fiat and people are already comfortable and dependent on the convenience and benefit it gives off to them.

We cannot blame bitcoin from being far from our reach. We had our chances way back, it can be during the first few years of bitcoin or those time where its value is still very low, and we let that slip away just because we are afraid and we doubted that bitcoin can become successful. It could be anybody's goal, to reach and own even just a single but for the mean time, we should not set aside even the smallest amount of bitcoin because it has a lot of potential of increasing considering the growth of bitcoin. On the other hand, it surely feel good if you are one of those few person who were able to store and hold their bitcoin right or near from the beginning up until now.

If we will compare the value of bitcoin way back it started to what it has right now, we can say that it is really too late if you or planning on investing through holding. It is still at the top of being one of the best place for investment regardless of how high the value it has attained over the years. Some are saying that the bull run is already over while some people say it is not yet over so don't commit panic selling. If you are planning on investing on bitcoin right now, it would be best if you'll see its value go down first before entering, or if you are confident that the bull run is indeed not yet over, then go ahead and invest already. Just be aware of the regrets that your decision may lead you.

Both sides have different opinions with regards to the matter and we should respect that specially the position they achieved in life. On the other hand, we should not compromise the assessment or definition we set by ourselves when it comes to bitcoin. Everyone is entitled with their opinion but not everyone will agree to your opinion. Elon Musk and Bill Gates might have all the riches a million of people could attain their whole lives but that doesn't mean you need to listen and believe them right away. Regardless of what perspective they are siding on, either pessimistic or optimistic about bitcoin, you have all the capability to determine which side do you think is right depending on your experiences and observation.

As long as greed exists, this kind of cycle will never end. Equality will never be achieved no matter what, there will always be someone who would stay on the top as they make use and abuse those who are below them. History is not repeating itself because what happened before never changed up until now. No desperate man can ever end this kind of system, he will be outnumbered each time. It is still survival of the fittest ever since so if you really want to survive, build yourself as a predator, not a prey. No one will escape this chaos, you can only become capable of getting through with it till the end of your life.

Trust can be the cause of someone's downfall if not handled to others with proper assessment. Even though bitcoin unites us to trust other users, it doesn't mean we should be careless on giving trust to others. Also, one of the main reason why bitcoin is continuously being transacted each day is because of the benefit it gives to the users as it keeps on moving from peer-to-peer. Enhancing you're suspicion over other people whenever making a transaction is never a bad thing, you are just being precautious of the risks they impose towards you which is the possibility that they are frauds who are baiting you.

There will be instances where you get fortunate over other people's recommendation but you should not be too confident about those cause it might cost lots of money the next time you do. Indeed, bitcointalk offers a lot of get-rich-quick opportunities but you should be aware of the risks as you enter it. Remember always that there are a lot of scammers in the forum that silently waits for their prey which are mostly newbies or careless individuals so that they can feed a lot of money for them. Predictions are only predictions, you can never be fully certain about since you are just still predicting, next time, try playing much smarter or make your own strategy.

Well as you can see, bitcoin at first was just used merely for speculation, but as time passes by, its use keeps on changing and now it is becoming more of a safe haven for huge institution and even government organizations at some point. It may be considered as a smart move by satoshi if ever bitcoin becomes compatible as a stabilizer or a tool for survival in the economic struggle the world may face as the consequences of this pandemic. If ever that is the case, it would be best that we prepare ourselves through investing in bitcoin and making sure that we can secure our future whenever the trouble comes for all of us.

It's not a good move I think because even though bitcoin is starting to dump already once again, considering the value it was able to achieve, we can already say the possibility is high that it will experience bull run once again. There are only two things you may get after panic selling, first is regret as you see bitcoin regain its value or hit a new all time high and the next thing is relief, as you witness bitcoin falling down hard after the consecutive all time highs that it was able to make. Nevertheless, next time it would be best not to react instantly on a situation, instead you should assess what might be the best thing to do.

It was really like the year 2017 and 2018 era that we are living in today but it is quite different at some point since bitcoin was able to surpass much more than we expected right now and the occurence of its bull run is way longer compared to what it has experienced from the past. Surely, there are a lot of people who instantly became millionaires after holding their bitcoin even after witnessing it dump way back 2018. They held on their faith on bitcoin and look where they were able to go because of it. There are still possibilities that bitcoin and other crypto might dump once again but it would be best if we are going to prepare while we still can.

At some point, we can somehow say that the government is playing dirty when it comes to bitcoin. They make sure to buid a facade that would make people believe that they are against the use of it and would never support it when in fact, they secretely storing the country's money because they are aware of the potential that bitcoin has. Though not all the government in a global scale has this kind of strategy since as we can all see, there are countries that are really against the use of bitcoin as they see it as an economic threat. On the other hand, maybe some of their policies are a part of their routine on how they can gain more benefits from bitcoin in the future.