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Well money deposit is fix profit and for gold and silver is more like investments, it does have a risk even though seems like the risk are small, but still you need to sell it on the right time to gain profit from it.
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I think it is not possible to replace the fiat with the cryptocurrency because cryptocurrency is very new to fiat world and it is not recognized by the governments. Still, there are many people who don't have a strong belief on Bitcoin because it is completely digital currency and that to online currency.
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need patience to become a crypto holder. in my opinion it will take a long time for the current market conditions to recover. holding and waiting is a good choice for now because I'm sure this situation will end soon.
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Definitely global disasters will affect the market value of Bitcoin because as we all know Bitcoin and cryptocurrency value fluctuations is determined by the demand and supply and at the same time technical issues.
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I think the personal economy in my country is still very bad because my country is still very many people living below the poverty line, the infrastructure is still very low and again my country still has many debts with other countries.
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I think it can be both, bitcoin can be an asset or currency depending on its use, if I want bitcoin as a long-term investment or assets I will save for the future, but if I want to make it as currency then I will pay my employees to use bitcoin, I think my employees would be happy if I pay with bitcoin because it could be a future asset.
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This is True, and this is unquestionably extremely productive for us Bitcoin dealers, in light of the fact that with the cost of shabby bitcoin exchange we don't need to stress over paying excessively for Bitcoin exchanges. on the off chance that we need to send Bitcoin to another trade will surely be more enjoyable with the cost that has now been diminished.
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I do not agree with this as in the crypto market drop down in bitcoin and now near 6K a lot of user panic and in tension and desperate but the opinion of experts are very positive they say it will recover soon so you just hold and wait.
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Of course, we cannot say that for sure will something happen or not, but everything that we can do we should do in order to make global world acceptance closer for us. this will be a positive trend for the legalization of the crypto market around the world! The more countries and people will use crypto coins, the faster the entire world community will legalize crypto money and a cryptosystem!
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I invest in Bitcoin because I think Bitcoin is the property. Many people think that Bitcoin will collapse in the next few years but I think they are wrong and Bitcoin can exist with our world forever. If Bitcoin lasts forever, it's called the property.
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Due to the decentralized nature of BTC of which fiat currency is an exception, they want to boy court it. It has a greater future and some of the reason they are rejecting it is that, they won't get anything from it when BTC is accepted to be legal and that's why they are fighting against it in some countries.
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I believe that bitcoin still has the will to control the market. I see that every altcoin is really depended on the price of the bitcoin and its amazingness if bitcoin price fall I see also that the altcoin will also fall. And if bitcoin altcoin will also rise and it is almost happening every now them during the bitcoin experience the huge pump and dump situation.
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I am fully agreed with your opinion that the markets manipulated by big whales to create panic in the market to grab coins from small investors who cannot afford to lose all their equity and sell in every crash and market always recover after that panic.
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You can introduce the cryptocurrency firstly in close friends and relatives and show them what crypto can do in your life especially in the field of financial needs. In that way you can get peoples attention then eventually they will change their perspective in crypto.
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Cryptocurrency is not so difficult to understand but one requires education to be able to understand it well and the way the person will understand it also depends on the one giving this kind of education. For a student to be good then the teacher is also good. This is because there are many people who are in cryptocurrency but do not really understand the nature of the industry and its key players.
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