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I am very grateful that I was able to meet Bitcoin, to learn and understand cryptocurrency. I think all of this is very interesting. My mind is not very smart, but after I came into contact with cryptocurrency and blockchain, I found that my mind began to change. Be flexible and learn a lot of knowledge about investment. If I don’t have Bitcoin, I might still be an ordinary employee working in a certain company or choose to continue studying. Although I have not achieved the freedom of wealth, I have gained wealth on this. Enough for me to live well, it changed my life, and blockchain technology is gradually affecting the whole world.
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The BTC protocol will pay the miners though transaction fee. There's will always be a market for buyers & sellers.There will always be Centralized exchanges offering customers 5-6% APY on BTC deposits. When BTC does hit 1m / holders of will be able to take 4-5% or 5k - 6k monthly and live of the interest.Also I heard that BTC will have smart contract coming future so lot of BtC will be locked up in Defi .I only have a small amount of bitcoin right now, but I plan to buy more in the future.
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A few years ago we also encountered scenes like today. It was worse than now. We have survived that moment. Now it’s just a short correction. Don’t worry, I believe that a new bull market will usher in a big drop in Bitcoin. , Come on, Bitcoin will bring us new surprises and hopes, don't give up on it.
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What happened to all the FUD that Bitcoin is too centralized because of China's miners? They're getting kicked out, and mining will become more decentralized, this is GOOD NEWS. Somehow the BTC naysayers spin this as the new FUD. Newbies don't get too scared, powerful forces trying to buy your stash on sale, don't let them.
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Because Bitcoin has risen too fast in the early days (in fact, all cryptocurrencies are the same), a callback is inevitable. The current price has fallen to the level of three months ago, and it is very likely that it will continue to fall. It is not impossible to fall below 35,000. For any asset, it is impossible to rise at a high speed forever. A proper correction is the way to keep the market healthy.
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My advice is be more reasonable. Invest some money into Bitcoin (or crypto in general) but diversify your investment. You should never invest the majority of your savings into any one thing unless you’re buying your forever home or making a business investment. My opinion is you should have a healthy mix of retirement fund (401k), property (physical), stocks, and a little cash on the side. Crypto is a great thing to add to this list but again.. be smart and reasonable. Also never invest what you don’t feel 100% comfortable losing.
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They talk badly about what they dont understand. They are both old school investors who favour businesses, bricks and mortar. A millionaire im more inclined to follow is Robert Kiyosaki, his investment starategies are flexible and he is always educating himself and other on current smart money decisions.
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During the covid-19, I also tried to invest in cryptocurrency, because there was no source of wages when I was at home, and the price of goods was still rising, and the currency was depreciating. At this time, I think that cryptocurrency is more worthwhile than fiat currency, and it is indeed through encryption. Currency has accumulated a little wealth, and Bitcoin as a long-term store of value is still more reliable than other methods.
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I think the most optimistic outcome for Bitcoin would be to return to its roots, which is to play to the nature of bitcoin as a currency, as the opposite of global fiat currencies, coexisting with global fiat currencies and ready to replace the declining credit of fiat currencies, such as overissued US dollars.
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The next few years will continue to be the trend of Bitcoin. I have always believed that it will become more and more recognized by the public. El Salvador uses Bitcoin as legal tender, which indirectly promotes other countries to gradually recognize the legality of Bitcoin. It will get better and better.
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This is a good question. Let me talk about it from the perspective of asset allocation: If you have a large amount of funds, and Bitcoin accounts for 10% or even less than 5% of your assets, it is a safe-haven asset; if it accounts for 30% or more, it It is risky assets. The only free lunch in investment is diversification. Whether an asset is a risk or hedging depends largely on its weight in the asset portfolio. The black swan event can turn low-risk assets into high-risk investments.
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If I insert it into a computer then the malware already on that computer can infiltrate the wallet right?
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At present, most countries should allow the transaction of Bitcoin, but some countries are still banning Bitcoin. Some countries have recognized Bitcoin as the legal tender of their own countries. I think one day in the near future, more and more countries will recognize Bitcoin.
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In fact, I think the price of Bitcoin has been hovering around $30,000. In fact, I think it is a good time for beginners to buy, but you must hold it for a long time and do not be influenced by the market. I believe that Bitcoin will break through a higher new position.
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In the long run, the return of the economy to normal will eliminate the need for more Stimulus Checks, which is an economic strategy provided by governments around the world to support small businesses and the unemployed. It is generally believed that printing more currency as a rescue plan will lead to inflation, which is very detrimental to legal tender, but is more favorable to Bitcoin and digital currency.
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Most of the wealth in this world always belongs to a small number of people, no matter what form it exists in the past, it will happen in the future, and of course it also includes Bitcoin.
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The probability is 50%. First, the US dollar has withdrawn from the world currency status by 100%, and no other mainstream legal currency can be replaced. Second, the world returns to the gold standard. Third, gold and Bitcoin each have a 50% probability of becoming world currencies. The problem with gold is that all countries have serious debts, and no one dares to promise gold exchange, otherwise exports will be destroyed and debt will burst. The problem with Bitcoin is that the basic ecological construction is not sound. But apart from these two, nothing else works, such as carbon emissions, petrocoins.
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On the surface, countries can close some mines and prohibit their mining activities, but private transactions are unavoidable, and Bitcoin is scattered around the world, it is impossible to close it, not to mention the fact that blockchain technology does bring Come some technical updates, I think it will be helpful to humans.
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History is always surprisingly similar. The situation in 2021 is almost the same as in 2017. I hope that one day I can also become the long-term holder in the first picture.
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History has shown that in the end all the money that flows into altcoins during euphoric times is channelled into BTC when the euphoria cools down. Some of this money will exit into fiat and some will stay in btc marking a higher low. Altcoins are very high risk projects, 99% are scams and flawed by design, less than 1% maybe has some merit when it comes to innovation. Despite this they are ultimately not bad for btc, because remember when an altcoin fails the smart money flows into btc.
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