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I will still use it, because although its value will be stable in the future, it also signifies the digital currency has been accepted by the world. but if not, it is also good to be a means to trade and invest.
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It's a shame to invest only in a very short time. It may be better to trade Bitcoin in small quantities so as not to lose much. Keep a passion in seeing opportunities because other opportunities may come again.
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I do not think there has been a successful attempt at hacking Bitcoin, because if there has been a successful effort for the past 8 years, we may not see this high Bitcoin price with the ever-increasing number of users.
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This choice is very challenging, if it is taken at the right time and a very sharp calculation of profits and predictions. If not, then this is greed alone, especially if you have a family that carried. The profits will always be ahead, but will you be able to bear the liabilities?
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Price corrections are common in every investment, including in Bitcoin, but we must learn not to get carried away by people's opinions. Learning and finding out more about Bitcoin will further reduce the worries and provide a clearer picture, in order to be able to make the right decision at the right time.
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I think it would be difficult to replace Bitcoin in the Crypto currency market, however Bitcoin started the history of the Crypto currency. Due to its current widespread use, the element of market confidence will always favor the currency that has a proven reputation first.
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When talking about the nature of gold that can be moved or stored its value, and decentralized. So Bitcoin can be likened to gold in digital form. Bitcoin can also be stored in the hardware wallet for a long time, can also be moved anywhere in an instant, even the added advantage of Bitcoin is that it can be shared quickly and physically intangible that can be seen by the preying eyes. That makes it safer than gold.
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Paper money will gradually disappear in the market, as the growing population and pollution, resulting in the need for reforestation. And also with the development of Blockchain technology lately, encourage the government to learn to implement the tech, because the world got crowded, and numbers of trading records kept growing day after day. Without Blockchain tech the government won't be easy to answer the problem. I think paper money will last till another decades.
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Bitcoin is not recommended to be the main income for beginners, due to its volatile nature. Required knowledge and experience in trading in this Bitcoin. Maybe when used as a means of long-term investment can be profitable. But it is not possible to gain profit from other altcoins, making profits in reading market conditions. Many of my friends who managed altcoin trading make a lot of profits.
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I do not think banks will do that, because they do not have any significant losses. With Bitcoin, every person who trades Bitcoin still needs to convert their coins into local currency. And the bank's biggest income is from loans and interest, so with Bitcoin will not interfere with their main income, it even adds income to them if they are good at looking at new opportunities.
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I feel that it will not happen any time soon, maybe some developers feel able to provide some new benefits that Bitcoin does not yet have, but it's all built on Bitcoin technology. Even not yet tested in time, people are not easily hooked by a platform that has not been tested time.With Bitcoin travel that has passed the span of 8 years, while now Bitcoin prices have begun to stabilize.
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I think that many billionaires are investing some of their wealth in Bitcoin, given that there are now alot of business doesn't run very smooth income. And also in the last couple of years Bitcoin experienced a lot of price spikes, which eventually attracted the attention of many investors.
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With the growth of users and merchants that facilitate Bitcoin, I feel positive with the development of Bitcoin in the future. The possibility of Bitcoin could become a new currency that is more widely accepted in various parts of the world will come.
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Holding Bitcoin for long-term investments will be profitable, but not in the medium to lower term. I recommend learning a lot and built some faith. But it would be nice if you invest coins in other altcoins, because they are still growing and it is more profitable, as well as learning materials.
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If we see an increasing number of Bitcoin users, with an increasing number of merchants and growing number of investors. I am optimistic about the future in Bitcoin within the next 5 years, will be more popular and may not be unstoppable growth, even though the government is trying to get in the way.
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If there is no transaction usage, usually the price does not move. But if American users do not spend much with Bitcoin, then the number of users and usage in other countries may increase. We never know the needs of people, different countries, different needs and also different requests.
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In our country, there are no banks directly related to Bitcoin, we use local companies to buy or sell Bitcoin or other coins. Maybe if someday permission has been issued, then the banks will be willing to exchange.
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Depending on your child, is he the type who has thought about his savings or his future investment? if yes, then he is ready to be taught and you are the lucky parent of having a child like him. The earlier the better, continue to cultivate your kindness and experience. Start early in Bitcoin, reap more experience, and do not forget to explain the risks. Let children be stronger in receiving losses and experience of investing in real.
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I think if we enter the investment in the dip, still in the future we will reap the benefits as long as we are willing to learn to look at patterns and performance bitcoin deeper and this takes patience and and amount of time. Because Blockchain technology still evolving.
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From what I think of this guy in this picture is, he is not a real homeless person. He is just an opportunist, but the sign helps promoting Bitcoin is good.
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