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Due to Russia’s cut off from swift has left russian with only bitcoin as an option for making international transactions. This has resulted in Russians buying bitcoin at $ 20,000 above the market price.
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It is a good time to buy bitcoin but traders should also consider the volatility of the bitcoin which is very high at the moment due to the geopolitical conflict between Ukraine and Russia.
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If I'm not mistaken the next South Korean president is a liberal so obviously he could be a pro-Bitcoiner after all. Against the left wing party he had to against in the election, it was very close and we don't know if he didn't win. I'm not really sure what he means by deregulate, the law has already presented itself as vey effect in South Korean already, so there's nothing wrong with the regulation of the government as far as crypto goes.
Even I do not understand why the op is saying deregulate. The new president, Yoon Suk-Yoel in his statement said that he hopes to attract more crypto unicorns into South Korea and many bills are under consideration regarding the regulating cryptocurrency. |
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The value of Bitcoin has increased exponentially and still is increasing. But when it comes to owning or trading, traders panic if the prices drop and sell them.
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@btc70 I totally agree! And the speed with which it is being accepted. I feel in no time bitcoins will be accepted by the whole world, making it possible to buy anything around the world.
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This really sounds great! Hopefully in the coming years bitcoin will be accepted around the globe by all countries.
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I think bitcoin didn’t have any real value until some countries legalized bitcoins and some companies like Microsoft and Lamborghini started accepting them. And hopefully the future will be bright for bitcoin.
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I am really pleased to hear this. I believe increasing popularity will enable us all to spend bitcoins for buying physical assets as in some cases it has already started.
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@Rufsilf I agree no one has that kind of patience that is needed. If someone was able to hold the bitcoin he surely would have been a millionaire as I also think the same today.
But it wasn’t easy for people like me to hold for such a long period due to the falling value. Everyone can not bear the losses.
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A way could be found to do this. Crypto is nowadays most people’s asset as it is easy to buy and track. No stress about any documentation like in case of properties and other assets. But there have not been much talks of people leaving behind crypto for their dear ones. Maybe it is newer but it does hold a lot of potential and would be perfect as inheritance.
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Bitcoin is the oldest crypto as it was the first crypto to be ever introduced. Due to this reason people trust it the most. There are a lot of cryptos in the market and new cryptos are introduced every now and then. But only a few of them could be trusted which have strong fundamentals. Bitcoin has a never ending trust in this case and will continue to be the favourite crypto.
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@cryptmuster Yes, Young investors are more risk-takers. But more importantly they are smart and are more equipped with digital knowledge than the previous generation. Due to which they see more profits in cryptocurrency than a person from the older generation could see.
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Yes, indeed this is great news. And now there are other countries like the US, Canada and the UK who have bitcoins to be used.
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What more can we ask for at this moment, bitcoin had its bull run where the price skyrocketed, and even if we see this many times but if it would only result in a huge correction, I think the market will not mature because of the high volatility like this brought by manipulation.
We need some real adoption and hopefully when every supply will be mine the market will be less stable and probably more regulated so we will reach our goal of massive adoption.
We might reach our goals of mass adoption but don’t you think that it would adversely affect the environment and lives. |
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I don’t think Bitcoin will be a ‘Global Unit of Account’ and there are few reasons for this. Firstly, The value of bitcoin is very high and it will be difficult for some countries to coordinate with such an amount. Secondly, people even though are investing in bitcoin have a tilt towards local currency.
It may become the global cryptocurrency but it is very difficult for bitcoin to become a ‘Global Unit of Account.’
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A Bitcoin City! sounds amazing. It would be a very different experience altogether to be in a place where you could use Bitcoins for everything. This is going to encourage adoption of Bitcoin as well as other cryptos. Cryptos will become more trustable now and there is a hope of huge growth.
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If the governments do look in that direction, Bitcoin may gain even more trust. It would lead to growth and adoption of Bitcoin and other cryptos beyond current limits.
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The only thing that is wrong is the patience of people that drops with the downtrending of bitcoin.
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Once you lose a bitcoin which means that you lose the access to the wallet whose recovery is not guaranteed, and it is lost forever. They can’t be accessed by anyone so bitcoin is not donated rather it is lost which is the wastage of energy.
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Depends on your skills. If you have the technical skills for trading then it’s a good asset for traders as well. Holding is an approach for the conservatives.
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