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A very simple example, I have a friend around me who is a football fan, but when he participates in gambling, this is a strong connection with money. If you don't sleep for 48 hours, there is no sleepiness. This is an addiction. The same is true of investing in encrypted digital currency, why is there an addiction, because it is a kind of gambling pleasure.
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To some people will claim that some shitcoins have given more returns compared to bitcoin but they need to have proper knowledge first of all because there are certain reasons for bitcoin growth like consistent adoption, network security,soft fork upgradation and a growing community but those shitcoins rises with influence and have no utility to serve and when you realise it that once crashed they cannot recover but btc if down 80% also will give 180% return to patient holders which only less percentage knows.
To such people, I always answer that no serious long-term investor will invest in shitcoins, because an investment is not only profit, but also risks. When investing in shitcoins, the investment is like playing roulette, whether you are lucky to make money and exit on time or not. Those who were unlucky were left forever with a bunch of garbage in their wallets. When comparing bitcoin with other high-yield shitcoins, bitcoin can lose on one parameter, but with a comprehensive comparison, bitcoin will turn any shitcoin into dust. It has been 4 years since I came into contact with Bitcoin to know Bitcoin. There are many friends around me who invest in digital currency, but I never make decisions for them or give them guidance, because of everyone’s mentality. It's not the same. I can't solve this kind of character problem. Investment portfolio, investment time, investment ratio, investment skills are not suitable for everyone. It is like a person who has won a very good poker, but lost miserably. Investing in Bitcoin is not as good as believing in the future value of Bitcoin. For some stubborn investors, as well as those who like to gamble, I will not waste my saliva, it is better to bake a piece of bread.  |
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Thanks to the author for the article, it is very systematic. The development of Bitcoin can also be said to be the biggest obstacle facing the development of decentralization is the relatively high upward pressure. Sovereign states in the real world will continue to exist for a long time. Bitcoin now has a little 'utopian' flavor, but decentralization still has many advantages. - The decentralized system is more resistant to risks. This is compared to a centralized system. Because there is no decisive central node, you cannot destroy the entire system by destroying the central node.
- Users in a decentralized system are more equal. The centralized system will use the media to induce everyone, or specify policies for everyone to follow. In a decentralized system, everyone can speak. And they will all have equal opportunities to express their opinions.
- The decentralized system consciousness is bottom-up control, which determines that most nodes in the decentralized system are very satisfied with the system. The decentralized system eliminates the corruption, greed and brain development of the central node. Negative factors such as water (President Joker) cause serious damage to the entire system.
- The decentralized system has unlimited possibilities. Just like biological evolution, a diverse ecology has been developed. Over time, many altcoins have broadened the application scenarios of Bitcoin and will develop a perfect decentralized blockchain financial DAPP.
To examine each issue with a dialectical perspective, the shortcomings of decentralization also exist. - Due to the huge number of nodes, a decentralized system tends to become a bloated organization, so the efficiency is much lower (compared to a centralized system), which means that the cost of communication is relatively high.
- The decentralized system is uncontrollable and unpredictable. When a certain consensus has a huge divergence, it will form a fork. This does exist and it is difficult to avoid.
Today's world is a highly centralized management model. The state is in the hands of a few groups and the company is in the hands of the CEO. But as a great experiment, decentralized Bitcoin will become an opinion leader leading change. |
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-----BEGIN PGP MESSAGE----- hQEMA6M4xhfeZuZWAQf/fMPvxeHhMf9Qhhy60ReTIafeVoTkuNXYCFiMNq8gcwa2 J2WXZjA5w5NNWdiSrGt1wcCcBeT5S61dDSnxkMofpocG3G00txTNibIZYljP94Pi 4T5pPLanSE6F5WAAr/uN8oCD/n1F2KfJ6N5CfmwT9Tyr+HN7MTRZCKuzAdVYybZi r8UDSWvOm8qzX5G/+GabteGoxsVlUPhzWlrUHzO4WwZV35FJasppKYXyyBa1pNlv oGveKxJuEyrB5ZAjSxT9W3FXFr0D/JDtkY1CexINJQSwo4UfhCfI+m0OsKu3L6dE GguOt3nkXZIMq+J5bVdBHUTumDXiVQCa8mt5k1EEtNLAQwH/sVI+fduDfTrQoaP9 hdNRrELuiYHCA8ocKKUE7RD/2CqYuGTtZzCuJxkibGpJht33ITwdUejbRb768L9k /Q+OnVBxYsamK/TxQuS/5j7txObHArpYna6sHZ+6SnFRPTw2UgAkmrZoYpJ/8lKa IjX5EtZTGV830DdaAvT3Z75VKuoHbvI0/bjJC36hSyqmXxgdMfma4sTjBZvO6S8x txM0sYz4fIJYAEUrPW8NbttJ/7UecmJ0wt0MOVjBJhffaKxHEsM3le46iY4Ow95H /w0gJhE1VPuU8+aJmfX8gJ6j2SaXObzppuo8S4wjRFl1P+5t3p2oYPztW8Om0q2u 49IISZs= =MeQf -----END PGP MESSAGE----- I think my operation is correct. I suggest to increase it a little bit more difficulty in the future. |
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It's fundamental to note that one can't take cryto currency away from the world of social media. For social media is essential for the growth of digital currency and block chain technology. Generally, forums to mainstream social media platforms such as Twitter, Instagram, Facebook and others alike has been and still a source where most people world over get the most updated crpto news (Bitcoin).
It's undeniable that much of the crypto currency (Bitcoin) growth, popularity and strength can be ascribed to social media, and this relationship between the two platforms has continuously evoled in new, vast and exciting ways. And the influence of one on the other can not be overemphasized as it is keeps on flourishing. History and articles holds it that the value and popularity of crypto currency as an industry over the past few years has been through the social media.
In my very opinion and in addition to personal observations and research lately, as far as cryto currency updates, articles and news continue to command a dominant position on social media news feeds I believe that in the future the relationship and the impact of social media on crypto currency can only keep getting better. Although this impact seems to be vice versa.
Bitcoin forums can make people calm down to learn and think, while social media is more like fast food, and like a Vietnamese food street, messy. The Bitcoin forum is more like a dinner with a strong sense of ritual The emotional volatility of social media also drives the volatility of Bitcoin's price. For people, the price of Bitcoin is greater than its value. Social media is also flooded with many Ponzi schemes. However, social media also has certain advantages. The mobile application APP is faster and more suitable for people with fast-paced lives to obtain information, and communication is more convenient and time-sensitive. |
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Bitcoin is a technology that has a radical and disruptive impact on the entire world.
For the first time in human history, it created the possibility of allowing anyone to transfer money freely anytime, anywhere: without any restriction, control or other power.
This will be a fundamental part of the future of mankind.
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If you are a rational person, then you will understand that Bitcoin is the only crypto asset that can be discussed as a safe haven. Other crypto assets may also be eye-catching, but most of them still have greater risks.
But at this stage, Bitcoin may not be a real safe-haven asset.
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Wallet loss? Economic bubble?
I think the emergence of Bitcoin is a good thing. Usually there are a large number of people who simply express their opinions without understanding one thing, and it is meaningless to discuss it.
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I have often come across genuine newbies who receive merits on their first post. That's observable mostly in the Bitcoin boards. And it's not uncommon that the person gets enough merits to rank up to Jr. Member if he just had enough activity points.
Bitcoin enthusiasts who have valid questions or concerns and begin meaningful discussions are often showered with merits. I think that's nice to see. People wrongly think merits are only given to those who solve problems, but bringing attention to certain issues can be equally merit-worthy.
These data are enough to make my heart move and check the quality of my topic, I am also a novice member of this forum, although I have noticed here and registered an account. They make me very excited, I am thinking who will reward me with my first advantage, huh? |
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Reasons for Bitcoin as an investment:
1. Increasing global recognition
2. High return on investment, high cost performance
3. Security and decentralization
Just to say which aspect Bitcoin prefers depends on what benefits we hope to obtain.
I think that besides using Bitcoin as a payment method, it is a wise decision to invest at least a little bit.
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