Some countries disallow the massive collection and gathering of gold over a single place/entity, and doing so may hold you accountable for crimes that would lead to jail time and repossession of your gold holdings. With bitcoin we can't expect that to happen unless said governments assume complete control of bitcoin which is nigh impossible. Another would be the convenience factor. As many have said here, it's much easier keeping a password on a sheet of paper or on a 65 gram trezor wallet than hoarding tons and tons of gold in equivalent value. Keeping it safe from thieves would really be a hard thing too.
Bitcoin is just superior in many ways over gold, but that doesn't mean that they are to be compared. Gold serves different purposes to bitcoin.
Well, actually bitcoin does not necessarily have to be centralized and controlled by the government in order for it to be penalized for it, the simple reason that it is not yet legalized may be the main obstacle that this currency may have, of course this is focused on those that perform mining of this asset, which can be victims of the law if they are discovered doing this in a territory where they do not admit it, as well as for those establishments that decide to receive bitcoin as a form of payment, for them this decision can be a problem, however, is the other scenario, where users obtain bitcoin without the need to mine or expose it in a store, this other way has allowed this asset to cross borders without any inconvenience, and without the anguish of being discovered, since that being so encrypted and preventing the identification of those who possess it, gives you that freedom to move anywhere in the world, I suppose that if this were not the case, governments would not sit still and invent some way to snatch them away (something that i consider impossible). Now I agree with this Bitcoin is just superior in many ways over gold, but that doesn't mean that they are to be compared. Gold serves different purposes to bitcoin. ... gold and bitcoin are two very different assets, one with more history than the other, but I believe that even though i consider bitcoin to be better in several ways, both can be used without the need to substitute one for the other, The best way to progress in this world is by having several methods of income. |
|
|
|
|
We are currently in the digital age, most people born around 1980 onwards have been involved with technology to such a degree that it is easy for them to handle any recently created device or program, and this must be taken advantage of, it would be good that topics such as digital currencies, bitcoin specifically, and finances be instilled in young people so that they have an additional option of centralized currencies to start with their own economic stability, in addition to this knowledge can make it easier for them to use these with awareness . Of course, everything related to bitcoin cannot be taken lightly, so trying to teach these topics must be done with great care, without omitting any negative part that it may have, and I am not referring to the volatility, that exists in bitcoin that can be taken as bad, if not to what it entails to use this type of currency... many can fall into scams, or into the hands of hackers, despite the fact that bitcoin can be learned easily by young people, these due to their impatience to get more or not to lose, they can make mistakes, that is why everything that has to do with money must be explained with all its pros and cons, and also, before imparting any OP knowledge, you must make sure that that you know exactly what you are talking about, since the means through which you want to try to teach are influential, therefore it may be that instead of helping, you end up harming others. Apart from all that, I don't think what you want to do is a bad idea, because everyone should have the same opportunities to learn about something that is going around the world.
|
|
|
|
|
jajajja this sounds like a plot twist to the story... It's amazing how people's perceptions and decisions can change over time. Sometimes, even though we mean well and want to share something exciting with others, it's important, as the op says, to remember that each person has their own pace for processing information and making decisions. In particular, I've been slowly trying to get a friend to understand how good bitcoin is, but over time I hope he does. Which brings me to the next point, education and personal research, I have always thought, are completely fundamental in any decision, especially when it comes to investments.. By encouraging people to do research for themselves, we would be empowering those people to make decisions based on facts, I will try to advise my friend to try to do research and read a bit more about Bitcoin
|
|
|
|
|
Totally agree with you spending more than expected can be very stressful and sometimes even frustrating... I dealt a lot with this problem, I would even say that there are times when spending more gets out of control, personally it has happened to me when unforeseen events occur, either Whether a family member is sick or something has occurred that requires more spending, the OP advice to develop a smart spending habit is very accurate. In particular, I'd say it's essential to carefully plan for day to day expenses and take all factors into account, such as the number of people you're shopping for and any associated costs, such as gas... Avoiding unnecessary purchases and being conscious of spending essentially helps to avoid going over budget...As well as setting clear limits for each category of spending and then sticking to them is really essential to maintaining a successful budget...I always try to keep self control and discipline is complicated in some situations, but it is the key to not exceed those limits and maintain financial balance.
|
|
|
|
Ese tipo de estafas, o intentos de estafa, no paran. No hace mucho se comentaron por el foro más falsos giveaways de ese estilo. No creo que dependan del halving ni nada, simplemente cogen a alguna personalidad, como Saylor o una empresa como Tesla y simulan que van a hacer un giveaway en el que para ser agraciado antes tienes que enviar tú x cantidad. Es como el timo del abuelo nigeriano pero con bitcoin. Quizá si haya una pequeña relación indirecta del halving con el aumento del número de esas estafas. Claro, cómo has dicho, esas estafas nunca se detienen, lo que habla de su relativa efectividad. Pero como la época del halving esta caracterizada de especulación alcista y de posibles aumentos de precio, es cuando Bitcoin empieza a salir en las noticias mainstream, los estafadores toman provecho del volumen de personas nuevas que entran al ecosistema para ver si les sacan algo. Es como el rally alcista que vimos en el 2020. Bitcoin empezó a verse hasta en la DW y los falsos giveaways eran el pan nuestro de cada día durante meses. Por supuesto, al igual que las cuentas de YouTube robadas para tales fines y la inaccion del Staff de Google para parar lo que estaba pasando. Yo también considero que están relacionadas de cierta forma, me gustaría que existiera un estudio que analizara los incrementos de esto suceso cuando se han producido los Halving anteriores, trate de conseguir evidencia que demuestre esto, pero no tuve éxito... Sin embargo, estoy casi seguro de que pues con tanto movimiento que se espera que se efectué antes de la reducción a la mitad, los estafadores buscaran la forma de que más gente (probablemente nueva) caiga ante sus fechorías, se sabe que esto ocurre todo el tiempo, pero las personas en este preciso momento esta con la expectativa de sacarle provecho a este acontecimiento, por lo que buscaran tener una cantidad considerable de bitcoin a su disposición, indagando formas de poder recolectar estos, he aquí donde entraran en juego las estafas prometiendo cantidades exuberantes a los usuarios que están ansiosos por ganar más. Ahora bien, también creo que no solo las estafas aumentaran, los hackeos estarán presentes de igual forma y esto se podrá notar seguramente cuando se produzcan las alzas de este activo. |
|
|
|
|
It is interesting to observe the current dynamics of the Bitcoin market and how price fluctuations can influence investor decisions... many people new to investing in bitcoin would relish when its price drops. Taking advantage of opportunities in moments of volatility is a strategy that some investors have found successful in the past.. But for my part if more than leaving my bitcoins and hoping it goes up and that it is really worth selling, clearly I cannot advise what I do to all people. Well, it must evaluate its own risk profile and take into account your financial objectives, there are several that probably take advantage of the fact that they can buy and sell at 30... or wait for it to drop a little more, as I say, I am not scared and I am surely sooner or later it will end up raising its price
|
|
|
|
|
The issue that most businesses work on, whether they are cryptographic or not, is mainly based on whether they are well executed ideas.. a faucet is not a bad idea and as other contributions say, the considerations you should make is what kind of advertising you expect show, what additional tasks it will involve, how much projection you hope to have and what cryptocurrency you hope to work or promote yourself with, achieving a good set in these aspects considered beforehand and throughout the time of the project you are considering, I can say with almost complete certainty that it will ensure the success of your venture is more a question of basic management notions.. now, if what you want is to generate money from a faucet, I can assure you that you will have to find many and put a lot of effort into them and even so the results they will not be very satisfying..
|
|
|
|
|
The question of whether or not it is worth educating older generations about Bitcoin is one that I am sure many would say no to… But I would say that we should not automatically dismiss the idea of educating older people about new technologies financial.. Teaching seniors about Bitcoin can contribute to greater inclusion and understanding of these technologies. As the world moves towards digital, I think it is essential that all generations have at least a basic level of knowledge about current trends and future in the financial field on the other hand, as some commented, older people tend to have a saved capital of their life's work, therefore, they might be interested in diversifying their investments, so providing them with information about Bitcoin and its underlying technology would allow them to make informed decisions about if they want to participate in this constantly evolving market.
|
|
|
|
The point is bitcoin, not trading, nor investing. So that means that you could work and earn and put food on your table. Just to give the most OBVIOUS example, we have signatures here, we make money from them, and that means we are putting food on our table thanks to those. As you can see, that makes it "bitcoin providing food for our table" already. I am not even talking about anything bigger. Just open your eyes, there are so many people who didn't "invest" but "provided service" and got paid for it. There are literally arrogant obnoxious people filled on this forum where they think they know something because they made money, when in fact they just charged gullible people for useless stuff and made money on that, in bitcoin.
I think the point is Bitcoin, but only if we invest or trade in Bitcoin will we be able to put food on our table. Therefore, investing and trading in Bitcoin is a very important point. As you have given the signature example, there are many people who have some talent and are using it to put food on their table, but the question here is whether Bitcoin will put food on our table ? So I think it would not be right to rely only on Bitcoin. We can take it as a part-time job or invest our savings in it but cannot depend on it completely. It is true that we have signatures and we earn money from it and we believe that we will definitely earn from our service. You can make money but there is no chance of loss. If we look at the cryptocurrency market, there is always volatility and we have no idea when the market will crash and our profit will go to loss.So I think bitcoin should not be taken as a service but a great option for long term investment. It is true, despite the fact that bitcoin is a good investment currency should not be considered as the only option with which to produce income, since having alternatives is very essential, when you have several inflows of money it allows you to rest easy because it is as if you have several wildcards at the time of any possible need, and thus one is not exposed to staying at zero completely, apart from the union of all this reveals how beneficial it is... it is important to be very clear about this, that having and producing bitcoins can bring food to our tables, and this is achieved by exchanging it for a centralized currency, since bitcoin is not limited in legal matters when it is wanted used...ell, there are these exchange methods in case said currency is not yet admitted in the country, however I consider that it should not be used for such purposes, but rather as a kind of savings, which can be worked on by marketing it to increase it, and in a considerable time if you can take advantage of it, since it in is if it can give good results when a certain period has passed. |
|
|
|
Hmm... I really didn't know about that news, in which country was this event held? But based on the context you gave, I don't understand why make your personal exchanges public?.. If there are restrictions where you live, it would be best to do it anonymously, don't you think? On the other hand, answering your question, first of all the fate of physical cryptocurrency exchanges may vary depending on the regulation and adoption in your country… Since as cryptocurrencies gain popularity, some countries have implemented regulations to Supervise and control the activities related to them. .. In my case, physical exchanges are not seen very often, ignorance towards Bitcoin still abounds here... I hope this will change in the future and there will be more people who know what Bitcoin is at least..
Aside from law enforcement agencies, we also have security threat to be the major risk in making your bitcoin exchange public, because people are found of seeing those with Bitcoin as being supper rich since the own the magic money but on the other hand, if you operate online exchange that way your privacy will be highly protected and no one will ever know your worth or what you can afford or not. Have you ever asked yourself why Binance which happens to be the world's biggest exchange doesn't have a physical office, this is because office space costs much more in terms of bills and security, as long as you can perform 100% from online, it means online. If you operate the online exchange in this way, your privacy will be highly protected and no one will ever know your value or what you can or cannot afford. Trading online does not necessarily keep you safe…. It has been possible to see news of people whose assets have been stolen when carrying out their transactions in this way, security is being increasingly attacked against users, especially those who handle bitcoin, and this happens without even making public the procedures that are made with this currency or the amount that is owned, imagine that everyone started talking about how much they earn and in what currency they get all that money, obviously it would alert the malicious to attack you. Hackers have intensified in recent years, and this is due to the information that is handled, as you indicate: people see those with Bitcoin as super rich which is why they are alert to any movement that it is done with bitcoin, truth is difficult to keep our bitcoin totally safe, the only thing that can be done is to be extremely careful in the anonymity and in each exchange process that is carried out. |
|
|
|
|
It is ironic.... how the political and economic systems of the countries work, alliances are essential for them because it allows them to have more resistance and new benefits for each nation. Now this alliance will probably have an impact on the economy perhaps not as noticeable to the rest of the world, but it could specifically bring good things to Russia, since if we think about it, this territory is going through a conflict that, although it caused it, has severely harmed it, trying to generate agreements with other countries can help it remain stable and not collapse due to the sanctions that have been implemented, one of the reasons why I consider that it has been The war against Ukraine has spread so much, since the countries that are against Russia have not managed to weaken it to such an extent that they have forced it to give in, due to this type of event, what i Wonder now is...for how long will it continue the war if it continues to be fed from outside?
|
|
|
|
Not exactly that the bull run is programmed or tied to Bitcoin's halving, but rather the psychological part of it on investors that Bitcoin gets cut into halves and the inflation rate reduced, instigating the buying pressure that brings about a bull market thereafter.
We may get or may not get the usual super bull run, where we do see crazy price movement because of diminishing returns, an example is seen from the previous bull market where almost everyone was expecting the price to go way high $100k-$250k per BTC.
I don't think anything programming is attached to the bullrun but is it generally speculated that after halving comes bull run because and that has been so over the we years and I don not think there would be any difference from the previous this time. Although it might likely not not go beyond the last all time high but the price is expected to grow or bull than its current state when it's time for the halving. Although all these are just speculations from different quarters but I believe the notion has already been there long before now and whenever it gets to that point, the demand for Bitcoin surges and that alone makes the price for Bitcoin surges higher than it was. So therefore, I have no doubt the next bull run will be different from other previous ones that have already occurred. It's safe to follow the trend, as typically after the halving, the price of Bitcoin rises. The next halving is scheduled for April 25, 2024. It might be a good idea to start accumulating Bitcoin next year, as Bitcoin's price is currently not at its lowest. Although the price has stabilized in the range of $29k to $30k, there's a possibility that it could still drop before the next bull run occurs. Timing is crucial if we're aiming for significant profits, not this year but the next, because halving usually brings positive news. However, if you're a short-term trader, no specific date or year is important, as the market is volatile. You can trade on any given date. Of course timing is crucial when it comes to Bitcoin investment and doing it now would put you on the right track. As it is currently, now is the right time to accumulate more Bitcoin as the price is on the lower side. While we approach the halving next year there is always uncertainty which would trigger market actions either on the buying side or the selling side either way, both work for the good of price action as the demand and other factors would definitely come in play. Just like you have said, surely we are looking forward to seeing and hearing the good news come halving next year. It is an important date even for those traders who already have experience in analyzing bullish and bearish movements, it is known that these people dedicate their time to obtain profits in this way and although they can prepare plays to increase their personal assets at any time, they recognize It is in these times when opportunities cannot be missed, in an event like the one that is just a few months away, which is not so common and repetitive, merchants or people looking for an investment with bitcoin can afford to losing such an important occasion, that is why they encourage preparation with their actions, accumulating bitcoin as far as they can, many of us are excited by the impact that the halving will produce, and this is because this event is expected to come with results favorable for this currency, changing the bearish outlook. |
|
|
|
|
I agree with you that ignorance should not be an excuse, and your attitude of facing the unknown with curiosity and a desire to learn is a valuable example for all of us on the forum. With today's resources, they can allow us to learn about a wide variety of topics and constantly expand our horizons... When reading, I felt identified since at the beginning I also had some distrust towards bitcoin, a friend told me about this currency, but I didn't I paid a lot of attention to it, I thought and associated that it was like those "internet jobs" that promised to earn a lot of money and ended up being a scam... some time later I understood that it was complexity and it had nothing to do with those jobs, also at that time The Deep Web was very fashionable, and Bitcoin was quite related to this... and personally, mystery topics have always known how to capture my attention, that's why I decided to learn and investigate more and more about Bitcoin until today. Continuing with your new perspective on bitcoin, the concept of preparing for the future sounds very appealing... By investing time and effort in education and continuous learning, you are building a strong foundation for your goals and ambitions, but also the ability to adapt and evolving as the world changes is paramount... Learning is a key tool to achieve this.
|
|
|
|
|
Where I live when the economy is in trouble and income from jobs is not adequately meeting needs, it can be difficult to maintain an investment in bitcoin without being tempted to sell it to meet financial obligations... My friends who know Bitcoin deal with this problem constantly.. Since my country's economy is undoubtedly one of the worst. That's why maintaining discipline in times of financial stress is a real challenge.. Concerns about rising bills and financial liabilities may trigger the need to sell assets, including bitcoins, as a way to temporarily relieve financial pressure. However, I have seen cases of people who don't care how bad they are financially and continue to hold Bitcoin, although the economy can influence these decisions, it is not the only factor to consider... What I would recommend is not just having an investment in Bitcoin, I know that in difficult economic situations this can be quite difficult, but it is the best way to overcome it over time..
|
|
|
|
A "technical recession" is formally announced when a country's GDP falls for two consecutive quarters. The Dutch GDP fell by -0.4% during the first quarter, followed by another fall of 0.3%, bringing it into a technical recession by the official defintion. But it's not techncially a recession. It's worse, it's actually Stagflation because inflation is also high sitting at 6.0%. They probably don't want the general public to know what caused the Stagflation and keep blaming it on the "supply side" of things. https://think.ing.com/snaps/the-netherlands-in-technical-recession/Another country, Hungary, has also announced to be going through the longest "technical recession". https://think.ing.com/snaps/longest-technical-recession-on-record-in-hungary/But like the situation in the Netherlands, Hungary's inflation is very high at 20%. That's true Stagflation - a time when the monetary and economic systems are out of control. Most countries are bordering on these technical recessions right now, with different quarters dipping in and out. It's maybe more surprising that it has taken so long to reach this point with runaway inflation happening throughout Europe and even the world. The Ukraine war has had a very damaging impact on fuel and food supplies in Europe, but as a richer continent they are probably still fairing great than many other countries. It's nothing to be alarmed about and is fairly mild in the grand scheme of things, as every country goes through this same economic cycle of boom and bust. It's better to accept it than try to constantly fight against it, because recession hits every country on a regular basis. It is unfortunate how inflation is already invading countries, even the most powerful, such as the United States, a nation that seemed not to go through this type of situation, this wave of decadence and instability is also reaching them. I wonder how much more it will affect this situation to the world, it was predicted that this was going to happen and that the territories would have to experience difficult times, it was never thought that it would be so fast, the currencies are losing stability and the money that is obtained is not enough to cover the basic needs of each citizen, international debts are leading nations to ruin, all because of the bad administration of the country, If only fair and experienced people were in power who did not seek good for themselves but also for the rest of the people, the scenario might have been very different. Now the only thing left is to survive, it will no longer be possible to live comfortably, little by little not even emigrating will be an option to seek a better life, so do not open any nation that is not affected by inflation..... the only thing that could To change this situation would be to seek refuge in technology, digital currencies whose value does not depend on any political event in order to withstand the blow and move forward. |
|
|
|
It is undeniable that a significant part of young people face difficulties in managing their resources and developing capital in the market.. The proliferation of opportunities and the availability of money can be a challenge, especially when you do not have the proper orientation… I seen situations in which the desire to obtain quick and easy money leads them to deceit and scams, I also personally went through that, I was scammed on 2 occasions, but it is precisely from that that we learn how to handle ourselves in similar future situations, This often applies to those who are not willing to invest the time and effort to learn how the financial markets work and how to make investment decisions, which is why I like to advise others of the mistakes I have made in the past.. I was reading a similar article that can serve as an enrichment on this subject, it speaks not only to young people but also to people in general about why they make bad financial decisions. And one of the reasons that can also be used in young people is a lack of financial education, I have always said it and I stress that it is very helpful to have a basic knowledge about this.. since the path to the development of capital and financial health implies discipline, education and a constant growth mindset, by embracing these principles, young people can transform their relationship with money and build a stronger and more prosperous future in the capital market here is the link to the article I mentioned above: https://www.moneyweb.co.za/financial-advisor-views/what-causes-people-to-make-bad-financial-decisions/ |
|
|
|
|
Although there are various preliminary considerations to be made regarding the main statement of this topic.. It is very true that an innovative and also fast form of delivery can economically boost, from my perspective, in this case the brand that proposes it and also promotes and pioneers it. However, to the extent that other brands are progressively betting on "jet packs. deliveries" it is likely that the entire economic environment related to deliveries will experience a certain growth, in the first instance due to the growth in costs for a service " luxurious and innovative" and also due to the increase in demand around the euphoria of living an innovative experience when receiving packages or similar at home..
|
|
|
|
|
Hmm... I really didn't know about that news, in which country was this event held? But based on the context you gave, I don't understand why make your personal exchanges public?.. If there are restrictions where you live, it would be best to do it anonymously, don't you think? On the other hand, answering your question, first of all the fate of physical cryptocurrency exchanges may vary depending on the regulation and adoption in your country… Since as cryptocurrencies gain popularity, some countries have implemented regulations to Supervise and control the activities related to them. .. In my case, physical exchanges are not seen very often, ignorance towards Bitcoin still abounds here... I hope this will change in the future and there will be more people who know what Bitcoin is at least..
|
|
|
|
PayPal is weak in the crypto market and they don't have much volume which will make their halting on bitcoin and other cryptocurrency not affect the price of bitcoin to dump. I don't think that a small exchange like them has any significant influence on bitcoin price.
There are big exchanges that will come up with such news that instantly,you might begin to see the dump in Bitcoin price. If PayPal temporary halt cryptocurrency transactions,it will only affect them as they will loose more customers and not the entire crypto market. The halving is near and such news is weak to turn the movement of bitcoin downward. People are only saying from their own understanding and don't forget it is impossible to predict the next movement in bitcoin price.
This is true, you can't create controversy over things like this, it's obvious that if PayPal stops receiving bitcoin nothing interesting and shocking will happen, first of all because of what you say PayPal is weak in the cryptocurrency market and doesn't have much volume, which will mean that its detention in bitcoin and other cryptocurrencies will not affect the price of bitcoin downloads and second, because in addition to the fact that there are other platforms that can be used to exchange bitcoin for centralized currency, there is the fact that not only It is the United Kingdom that tries to restrict this asset as far as it can, there are other territories that intend to do this and so far I have not seen that it greatly harms bitcoin, what is more, they have caused by cornering it and preventing the people can use it, is that interest in bitcoin increases, making its control impossible and thus raising its value, so news like this instead of scaring those who live in fear of losing, should see it from another more realistic perspective. |
|
|
|
Hello fellow Bitcoin enthusiasts!
I wanted to start a discussion about the remarkable journey that Bitcoin has undertaken since its inception. It's fascinating to think about how this revolutionary technology has evolved from a simple digital cash concept to becoming a potential global store of value.
In its early days, Bitcoin was primarily seen as an alternative form of digital cash that aimed to disrupt traditional financial systems. Its decentralized nature and peer-to-peer transactions promised financial autonomy and inclusivity. Over time, Bitcoin's role expanded beyond just being a means of payment. With the introduction of the blockchain technology, it showcased the potential for secure and transparent record-keeping, with applications extending to supply chain management, voting systems, and more.
Fast forward to today, and we're witnessing Bitcoin being considered as a digital gold, a store of value that transcends geographical boundaries and political influences. Institutional interest has surged, and major companies are allocating a portion of their treasuries to Bitcoin. This shift has undoubtedly contributed to its growing legitimacy and acceptance.
However, this transformation hasn't been without its challenges. Scalability, energy consumption, regulatory considerations, and the ongoing debate between privacy and transparency are all topics that continue to shape the future of Bitcoin.
So, what are your thoughts on this evolution? Do you see Bitcoin predominantly as a means of payment, a store of value, or something entirely different? How do you envision its role in the financial landscape over the next decade? Let's engage in a thoughtful discussion and explore the multifaceted journey of Bitcoin together.
Looking forward to hearing your insights and opinions!
Best regards,
Samad
How do you envision its role in the financial landscape over the next decade? The growth that bitcoin has had during all these years, which in theory have not been many, has caused it to be seen as an asset with great potential that can increase its value much more at any time, people and governments already have in mind look at this currency which can produce a change in the financial system sooner or later, in the coming decades the digital era will flood the whole world and I can say that it is very possible that bitcoin will be the one that leads this new system This, is why it is important to start using this asset as soon as possible, learning about how it works and how to manage it as it is considered correct to obtain benefits from now on, with the intention that when this happens we are prepared and have the advantage in a certain way. It is not a lie that this will happen in the future, and that centralized currencies will no longer have as much power as they do today, which is why adapting to new innovations and changes will allow us to function well. Source: https://www.repository.law.indiana.edu/ilj/vol94/iss4/6/Here is a more detailed analysis of why bitcoin is so close to creating a general revolution. |
|
|
|
|
Show Posts
