Not all wealthy people don’t like to invest in Bitcoin. There are still some giant whales in the Bitcoin market. They have invested in a lot of Bitcoin, such as MicroStrategy and Tesla. There are also companies that seem to resist Bitcoin. In fact, they bought a lot. Goldman Sachs tried to sing empty bitcoins before, but instead bought a lot of bitcoins. I think that many millionaires among them may be considering the high volatility of Bitcoin, the risk is not controllable, or they may not understand encryption technology very well. After all, everyone has a different background and ability to accept new things. , But they have realized the freedom of wealth, so there is no need to take risks.

Gold played a good role in storing value in an era when technology was not so advanced, but in the current environment, Bitcoin is better than gold in playing a stored value function. Bitcoin's transportation and transaction costs, storage costs, cross-border transportation convenience, delivery time, certification, and expropriation risks are better than gold. In addition to the seemingly obvious competition between Bitcoin and gold, there is also complementarity. Gold that has been deeply integrated into human life is unlikely to go far. Cryptocurrency may just provide people with new choices, but in the long run, Bitcoin The ceiling and potential are higher than gold.

For ordinary people, Bitcoin and blockchain may not be so easy to understand, so they will think this is a scam, a tulip bubble, I think this is very inappropriate, most of this is because of Bitcoin People who lose money with currency, or people who lose money because of other altcoins. On the one hand, he lacks knowledge of Bitcoin, and he has no basic self-judgment on investment. Once he sees someone making money from a certain token, he will rush into the market, and he will eventually fail miserably.

It will not disappear. For some people, Bitcoin is speculation; for some people, Bitcoin is an investment opportunity; for some people, Bitcoin is a great social experiment; for some people, Bitcoin is faith.

I also heard some Chinese bank announced ban the trading currency, but doing so Banks around the world to see still less, even so, we can also trade through the P2P, and now there are some countries are already using COINS, perhaps in the future we don't have to consider change them into yuan can use, I would like to see a situation where I can trade directly with Bitcoin.

After the adoption of Bitcoin by El Salvador, a congressional representative from Paraguay announces a bill that would allow this country to follow suit, but also to encourage mining (with renewable energy sources).
https://swacash.com/2021/06/23/after-el-salvador-will-paraguay-also-adopt-bitcoin/

I very much agree with the op’s point of view. Although China hinders Bitcoin from various means such as mining and trading, we can also see that many mining farms have gradually moved to other countries, which just diversifies China’s computing power, which is for other countries. It is a good thing, and under such severe measures, Bitcoin is still above $4,000, indicating that the impact on Bitcoin is not that big. I believe that after these, Bitcoin will slowly rise, and it is still in a bull market.

Rise and fall is the norm in the market. Whether it is a bubble or not has yet to be considered. After all, Bitcoin assets have begun to be accepted by some countries, but it is clear that no matter how much Bitcoin falls, its price will eventually rise.

I think it is impossible for Bitcoin to predict accurately. There is no golden rule. It is better to believe in yourself than to believe in other people’s predictions, because this time it was completely sudden and was affected by external factors. I want to fully judge whether it is rising or falling. It is unrealistic, so I suggest that you hold Bitcoin is the best, because from the general trend, it has been rising, and it is effective as a long-term store of value.

At present, China only bans mining, and does not directly ban bitcoin transactions. It is reported that some mines have only been closed for rectification and have not been shut down directly. I think the blow to bitcoin this time has little effect on the price of bitcoin. A big impact, I think this big drop is also a fluctuation within the normal range. Bitcoin may plummet, but it will not collapse due to the suppression of certain countries, but will break out again after it has plummeted to a certain level.

From the day Bitcoin was born, it was ready to deal with the joint ban by governments of various countries. This is why blockchain technology and the idea of decentralization are important. But no matter whether Bitcoin and DeFi will be accommodated by the mainstream financial world in the future, or excluded, I believe the world will become better because of this. In this world, the power of justice is still very strong. Even if a centralized organization wants to suppress the development of Bitcoin and DeFi with selfish purposes, it must have sufficient and justified reasons. Then, as the game with Bitcoin and DeFi unfolds, those for just reasons will inevitably become the self-discipline standard of centralized organizations, and the value of Bitcoin will become higher and higher.

I personally think that the result of optimism is that Bitcoin has entered a mature stage, and has no longer soared and plummeted. Like today's gold, it has become a stable investment product. At that time, I think the btc price is about 10 times higher than it is now. With the relaxation of policy supervision, the public has become more and more aware of it, and its market value continues to increase, and its volatility will eventually become smaller and smaller. This state is defined by me as the "eternal bull market", although the eternal bull market will inevitably no longer have the myth of wealth.

Because it would be extremely time-consuming and expensive, and would require a lot of computing power, let's say the United States decides to ban Bitcoin altogether. But it is unrealistic for governments around the world to agree. Many big countries, including China and Russia, stand to benefit from the rise of Bitcoin and the loss of the dollar as the world's reserve currency. This could lead to an international stalemate, where the US and China are allocating resources to increase the hashing rate of the network and support different mining groups, which would actually make the Bitcoin network more secure.

The reason why I invest in Bitcoin is very simple. I just think that as an investment means in the long run, its value of preservation will be much stronger than other investment means or fiat currency. In the long run, I don't care about its rise or fall in the short term, I only see the future returns.

In order to become a safe-haven asset like gold and the US dollar, Bitcoin price fluctuations must have a significant negative correlation with the price fluctuations of risky assets, that is, one of the two rises and the other falls, or one falls and the other rises. And this negative correlation must be long-term and stable. Although Bitcoin has shown hedging characteristics in the past year, the time frame has been expanded. In 3 years, 5 years or even longer, the hedging characteristics of Bitcoin are not obvious and unstable. It can be seen that Bitcoin's hedging characteristics have yet to be verified by time, and it is called "digital gold".

If Bitcoin pays tax, it means that the country recognizes Bitcoin, which may be a good thing. However, I am wondering how the country collects tax, since Bitcoin is anonymous, and I am confused about how to check the bill and how much tax to pay.

In fact, Bitcoin is not just an opportunity to invest and get rich. I think its blockchain technology has brought great innovation to the world. Bitcoin compensates for some systemic problems of traditional currencies to a certain extent and protects The security of the entire currency network makes our economy more stable. If there is no Bitcoin, there may be other technologies that replace legal currency in the world.

You can now buy bitcoins. Yesterday, bitcoin fell to 30,000 US dollars. Although I think it may continue to fall, I thought it was the lowest point a few days ago, but the prices these days have made me wonder again. Is there a giant whale deliberately manipulating the price, and then want to enter the lowest point, it is recommended to observe for a few days.

Currency is a general equivalent, a yardstick used to measure value and a medium of exchange value. Value exchange forms a market. The market is part of the economy, and economy and politics are closely related. If a country uses Bitcoin to replace legal currency as currency, it is equivalent to tying the country’s economy with Bitcoin. Judging from the current market and monitoring, Bitcoin, a digital asset, is extremely susceptible to manipulation by capital, which is important for national politics and Economic stability is obviously not desirable.

In fact, to be precise, it is the underlying technology of Bitcoin. Blockchain may have a revolutionary impact on banks. Bitcoin's "safety" and "traceability" have become practical scenarios and are used in banks. However, I think there are still some problems with Bitcoin's desire to completely replace banks. Maybe it will improve the technology to solve the problem in the future.