It depends on witch country you live, i'm sure that users from countries where you see big devaluation of your currency like Venezuela, don't believe on its fiat money as an store of value, but they use on daily business. In this case people could invest on bitcoin its savings (now some of them invest on stronger currencies like dollars).
No matter you live you should not believe fiat. Using it is adverse us, all fiat will be replaced by another currency wich more apropriate for us. It could be gold or bitcoin. |
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Bitcoin has been always compared to dollar since dollar is our global currency now, but for me bitcoin will be the first world digital currency.
I do hope bitcoin to be known worldwide even the people in provinces who doesn't know bitcoin well. I do believe that we need them both not to choose only one.
That is because USD is the international currency,but if something like bitcoin replace it the price of bitcoin will not compared to usd anymore. I am sure that there are will be the new world currency. |
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I think you'll regret not doing it but it's really up to you, if you believe that bitcoin will grow in value or remained stable , then you can invest in it. I believe that it would be a good investment in the future .
Agree, bitcoin price would not fall to $0. Its price will always increase because the demand is up too. Many countries were interested with bitcoin then they regulate it. |
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More than half of the world population won't be using Bitcoin or any other Altcoin in 2022. The value of Bitcoin in terms of fiat will keep on increasing as more people come on board. But it won't replace fiat.
Sorry, I dissagree with you. When the advance of technology force the all people in the world to be more often of doing virtual activity, bitcoin is really needed so I think anythingcis possible. Fiat will be replaced by bitcoin or gold. |
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If it is stable, all traders will be glad in here, we are about to see that all other traders will be happy, we cannot see and predict it will be ok or not, because others will benefit, while others will not benefit. We must first think what will happen if it will be stable
you will never see the price of bitcoin stable, the limitation of bitcoin make the demand easily inccrease. I think if that is happen, Bitcoin will get more mass adoption because most of investor is scare about the volatility of bitcoin. |
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Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.
My biggest mistake in trading is I did it such as gambling. I do not now anything about what is influence the price of bitcoin. So I just think that I can get profit then I just lost some of my coin. |
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I wish that bitcoin will be the new world currency, but so much people in this world still didnt know about coin.
Not all item can be paid with bitcoin nowadays, but USD can be used for all payment. People already trust USD and its hard habit to change.
Maybe USD still and will be the world currency for another 3 decades.
USD is strong enough to be world currency for 3 more decades but after that, USD and all of paper money will not be use. I think people will get smarter, then they will use currency which give them freedom, maybe bitcoin could be the good choice. |
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I think the paper money in 20 years will be destroyed and replaced with digital money. The main issue is that the government should fully control the money supply. Now in my country, more than 40℅ people save money under the pillow, after their digital money would eliminate such manner.
Agree, I do not think that people still fine to use paper money. When all people in the world choose digital money as the one currency in the world, government can not do anything. Fiat usage will be decrease. |
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the best method is what you feel better-comfortable with, the one you understand and can make some proffits with, either btc-fiat btc-altcoins you need to be updated with last news that may affect the market in which yo are trading
I agree, different people will have their own good method. To be good trader is not easy, even skilled trader is always need to learn and read bitcoin news. But for me trade btc-altcoins is good, because the chance to get profit is bigger. |
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Do you always missed the right time to sell or buy bitcoin?
Yes, I usualy missed that time. I can not always watching my pc for everytime. Even I put an order, my preddiction can not always right. So I am just to learn another strategy for trading. |
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I would rather pick the investing part with gambling websites. It is more profitable now considering they have been more lately. If you see in the services they are promoting their gambling sites and paying good. That is one check for being a good gambling site. One more is if you go to the gambling thread it is livelier than any here. Just dont gamble the invested money and you will be safe Also pick the legitimate one's.
Sorry, I do not think that your idea is good. We can get better passive income from renting house's. The more asset that we have the more passive income we get. Probably legitimate site of HYIP could be good passive income. |
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Gold is finished, gold is dead. Everyone's money should be in btc, ltc doge and vidz.
Gold still has value since it is a precious metal that is used in many industries. Yes gold will always have value. Bitcoin and gold, each of them have benefit. If I have a lot of money I will choose to holdings of gold but if I only have small amount of money to invest I will choose to holdings bitcoin because the price can be rise really fast. |
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I do not think that the time will come when all people will bitcoin planet free from their governments, and leave control of their finances in the past. It seems to me nobody not allow it.
It is happen or not, depend on us. Are we want to be slave of bank master forever? Government can not do anything if the citizen want to be free by use bitcoin. |
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Apart from using bitcoin or other cryptocurrencies in the shops, in my country, there are nearly no people who know what is bitcoin or satoshi. Of course, I want to use bitcoin while buying something but this idea is practically impossible in the near future. I read a post in the local section of this forum. Someone has opened a shop where you can use bitcoin in my country and this is only one shop where you can use bitcoin at whole my country and nearly 1250 km far away from my home  I think we can easily use bitcoin in some countries which regulated bitcoin. In USA we can use bitcoin to buy the product of microsoft. Also bitcoin can be used for pay service in some website. |
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Investing is better, now that inflation is eating into people's saving and merger interest rate it is not advisable to save money again. I have a formular of 80 (invest): 20(save) because of emergencies you need to have some amount in your account
Each person have different best portion for investment and save, it is depend on the daily need. I agree that the inflation is eating into people's saving. So better we invest our money than only save and waste the time. |
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Then you're gonna be immortal  Immortal indeed because considering on that price that would really took long time in able to reach and theres no point on waiting for that long but it does also a good way on making investment on the future saving up bitcoin as much as you can would really give you profits on the future. Waiting for bitcoin to reach $50k is bad thing, he will wait in long time. I agree with you grow our bitcoin is better than only wait. I think invest in ICO is good because it is better than HYIP that most of them was truned into scam. |
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Let's see the LakeBTC's graceful charts, during this period when drop $2 per rise $1  How do you keep the profit? If cant, how do you stop loss? please share your strategy with me, thanks!  Sometime we can not avoid stop loss. No one can always make correct prediction of the market, it is normal do not be angry about it. I suggest to keep trying, I prefer like to buy new altcoin because when it get into exchange site the price could be rise until 250% or more. |
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There is no authority for controlling bitcoin. If anyone really controls it than i think they are the Chinese miners which have a great influence on bitcoins.
I think the user is who control bitcoin, but chinese people have the the biggest amount of bitcoin so they have more control than the other people. I am sure that chinese domination is not forever, because when bitcoin get mass adoption, bitcoin will be spread evenly. |
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Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.
the important thing is we are still dependent on fiat, even if you're a bitcoin users even today you still rely on fiat and is valuable wherever fiat. so I strongly believe in fiat But some countries fiat become worthless as bolivar. Although most of countries are still use fiat but I am sure that the whole world will use another thing which better than fiat. |
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fiat can be used as a sidechain. Except for places where the currency is complete garbage, Argentina, Venezula, or Zimbabwe. Do you really want to put money in the bank so type As can spend it and then declare bankruptcy.
I agree with you all fiat/paper money will become garbage in the future. I am sure that fiat will be replaced by something better and appropriate for us. I think fiat system is bad for us now. |
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