Fiat currency is currency that has been legal by some government that is not backed by a physical commodity such as Gold or Silver or Oil for example. The value of fiat money,  can be USD or EURO or GBP or something else. There is always a certain relationship between fiat currency and Gold and other valuable materials. So in some world you need some material mostly for all countries in the world is GOLD to be backed up for fiat. So this opens many other questions is it good or bad to have fiat as prime or to change to crypto and blockachain technology.

Some many believe that fiat currency system is the best option. International adoption has taken place for a number of reasons. What is the reason for this, some say that is obvious one and that is GOLD is something that will run out eventually and paper money wont. Then for what is good fiat. For one thing, it allows governments to provide stimulus, take on debt and provide investment. That is main purpose and relationship between Fiat currency and Gold.

I hope that future bitcoin will have a good existence and can be accepted by all people even though all of them don't accept, what I see in future bitcoin will have very high economic value so it is suitable if chosen as a long-term investment commodity, besides the system used by bitcoin (blockchain) will be widely adopted by various fields including the government and conventional banks

Corrupt officials in some countries will not go for the use of blockchain technology, but European countries with low levels of corruption are likely to integrate this technology into their structure and further reduce the level of corruption. But this is just one example of the use of blockchain technology in the economic structure of a country.

Just remember bitcoin is volatile and people don't care about it all the want profit if the bitcoin become controllable then we can't make profits.

I think they invest in crypto market because its easy to understand and like other said you can earn a lot but high risk . I see some crypto-enthusiast that success in this kind of market and they are give a tips to other to how to win and avoid loss . You are right in saying the investing in one basket is risky because of this lose you will never back again and you cant do anything more , so i want to decide to put my money in different investment incase of what happen if lose or win .

Just remember bitcoin is volatile and people don't care about it all the want profit if the bitcoin become controllable then we can't make profits.

Corrupt officials in some countries will not go for the use of blockchain technology, but European countries with low levels of corruption are likely to integrate this technology into their structure and further reduce the level of corruption. But this is just one example of the use of blockchain technology in the economic structure of a country.

it doesn't particularly matter if the trust is physically backed with BTC. it could be backed by futures contracts that settle at USD equivalent---the price should still generally reflect the spot market due to arbitrage. this is why cash-settled futures don't deviate that much from spot.

i don't understand why ETF approval would trigger a new bull run. people keep saying that, but nobody can explain why. this is like the ghost cities in china---you can build all the houses you want, but it doesn't mean anyone wants to buy them.

this is called "putting the cart before the horse".

Obviously it is energy consuming but in todays world what is not... I think that should not necessarily be an argument against Bitcoin

Well unfortunately, those people have limited choices. By this time, those that probably got in because of hype had already sold their btcs and those remaining are set for the long haul. Disappointing of course, but you have to look way ahead if you don't want to lose.

Strengthening the US dollar creates effects on the currencies of developing countries. In addition, currency depreciation continues to cause foreign exchange reserves to erode. This has caused an increase in the amount of credit for countries that need large amounts of external spending. Some of the countries most vulnerable to the US dollar are Argentina , Sri Lanka , Turkey , and Zambia. And predictions say the US Dollar will continue to strengthen until the end of the year. Like Chile, Colombia, Indonesia and Malaysia are also vulnerable to digital currency conditions, even though these countries have financial and institutional buffer systems that are able to erase in the short term. One news that is enough to be a shock to the currencies of developing countries. Apart from this, I think this has an impact on digital currency movements which I think are slow and watch stagnant.

Fiat currency has been there for more than a century and still it is working. You cannot call it a failure so easily and it will not be completely eliminated. Digital currencies are better and good but not everyone is at ease using them. Also you need technology to be able to use them unlike fiat which even an illiterate person can use easily.

Islamic religion has never in any way kicked against the idea of blockchain technology as well as cryptocurrency and indeed the countries within this perspective, are really embracing it pretty fast I must say. I really have not heard of single teachings of Islam that goes against cryptocurrency and if it is that, then, we would not have seen some of the Arabian countries, embracing the technology and seeing it as a welcome development in the long run.

we could collect our money from bounty campaign, and after get a lot we could use it as capital to start trading.so we did not spend our money at all to start it.

cryptocurrency market really give us high return, but it contain high risk too.if we dont have knowledge to manage this risk, we could loss all of our money.we should have to avoid it.

cryptocurrency market really give us high return, but it contain high risk too.if we dont have knowledge to manage this risk, we could loss all of our money.we should have to avoid it.

I always have strong belief that the price of bitcoin will increase, although recently its price has dropped but it will definitely increase again.

we could collect our money from bounty campaign, and after get alot we could use it as capital to start trading.so we did not spend our money at all to start it.

I belive that the decision depends on us but we should know that it is important to know when to buy and when to sell. Buying at low prices works well and selling when the prices are high is profitable. We should know when the demand is high. Dealing with the volatility of the market is an advantage.