Srilanka is stuck in a debt trap. Its corrupt politicians sold srilanka to china. The took large loans for development projects, which never really fructified to completion leaving them badly debt ridden. It holds a great lesson for many, never try to grow rich with debt. Their tourism industry was hit by covid, their tea estates were destroyed by too quick transition to organic practices.. They need serious international help..I sympathize with lankans.
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Yes for sure, my bitcoin is not for gambling, It is my lifetime investments. I will ensure to pass on my password to my future generations. Maybe I will passs it on a paper or keep it in a banklocker passed on to them. or maybe I will make a sumerean tablet to pass on my passwords
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Binance played important role in educating people about bitcoin. They have adapted well with the market. Their coin listing is also easy to work with. Moreover they have kept their feature simplified. As they have removed their transaction fees for now, this will greatly help the adoption of bitcoin by businesses and people in their general transactions.
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In 10 years the market will be far bigger in terms of value, size and technological advancement. The market at that time will be more streamlined and more structured. The volatility of market might be lesser at that time and we will be looking at stable crypto market in future. A lot of shitcoins will be dead by than and there will be few do0minant players like bitcoin ruling the market.
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Politics is tool of managing societies. Success of societies greatly depend on their political systems. There is autocracy, communism and capitalism , socialism, each having their flaws. We currently live in age of hypocrisy. Where politicians use us as tools, they mold societies for their own gains. No one stands for old principles of honesty and truthfulness. We are on a degradation path with politicians leading us from front.
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I see a lot of people struggling through this dilemma, but the world is a constantly changing place. We have commercialized our society and our culture and no longer does the values like honesty, sincerity and truthfulness valued in our society. People have become selfish and young generation is bound to learn values of their parents. What more can we expect from our children. Its a sorry state but we are only evolving as humans
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I think you might have noticed the recent prices of bitcoin. It has shown impressive gains in last 5 days. There is no such thing that bitcoin going weak, Bitcoin is not a share, nor its a currency. Its a technology. It is bound to go up and up
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I think its best time to accept bitcoin for businesses, the current prices of bitcoin are low and any bitcoin transaction is bound to giver higher returns in term of bitcoin. Moreover these prices are bound to rise greatly in future, and this will help to give great gains. So if businesses accept bitcoin now, it will be a meaningful decision.
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How many drug lords or dons use crypto? How many corrupt officials take crypto bribes. How any warlords by weapons through crypto... I havent read about any in newspaper. But yes governments are launching their own digital currencies, to compete with bitcoin. To me it seems more like a case of insecurities by government, rather than crime preventive measures.
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Had satoshi had his identity revealed, FBI,CIA ,KGB would have by now imprisoned him on one charge or another. Bitcoin is a direct challenge to fiat currency and monopoly of governments and international financial system. Thus I agree. Faceless identity of satoshi has kept bitcoin safe.
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You see blockchain market is moving from proof of work to proof of stake concept(which suit the capitalists) Bitcoin has several advantages over other blockchains, It is the strongest and most trusted crypto. The chances of its fall to zero is a remote possibility with almost negligible probability. Even than 1 bitcoin= 1 bitcoin and whenever bitcoin as its inherently a blockchain, with value ascribed by marketd. When it will recover it will gain its value. So keep hodling
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people don't value anything which has no price. Satoshi designed bitcoin as a reward for investing energy and computational power in solving Bitcoin blockchain algorithms. This is called the proof of work. As the value of bitcoin increased more and more people joined in the Bitcoin blockchain, creating world's most successful blockchain ecosystem. Thus there is a lot at stake with bitcoin. SO its value naturally becomes important for many like us.
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When there is blood bath on street people go berserk. charlie munger is no exception he is one such case. I am sure silently he must be buying bitcoin for himself for future..Fiat is a illusion with no real value in long run. But one bitcoin will always be one bitcoin.
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Bitcoin is still considered as a grey area in many countries and there has been a debate around the world, how crypto needs to be regulated. With rising inflation banks are using their favorite instruments, rate hikes, but why should we suffer, if the world productivity is declining. For me its a step to wipe out poor, not poverty. Government and systems need to be penalized. Rich need to sacrifice their wealth. But its always the poor. A decentralized system will give us choice to handle our money ourselves while fiat go worthless.
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For me it was in fact a colleague who got me interested in bitcoin. and since than I realized that blockchain is going to transform the future and since than i became a bitcoin fan. I had been in crypto space, I invested in learning more about crypto and It paid me smartly. Bitcoin is going to stay here for long, It is in consolidation stage and the crypto transformation is a long process, which will take a few decades to complete. As more and more people will understand blockchains and bitcoin, there will be higher adoption of bitcoin and bitcoin will rise high.
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you are thinking too deep, too early. Who says bitcoin income is not taxed. In many countries they are taxed. Decentralization will help to make systems more efficient and more robust. It has nothing to di with taxes. Infact in long run it will help to reduce corruption, which is primarily in fiat currency. Kenya is a poor country, but you see people over there are embracing crypto at a faster pace.Its helping them to come out of their poverty
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I believe a lot of what today is happening is also due to whales and they will bring it down further to buy the assets of small investors at low cost. Since there are not really many players in crypto today, whales can really make big fluctuations in market. But remember bitcoin is going to resurrect and rise. So kindly hold your bitcoin and enjoy the dip.
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The fall of bitcoin can never become a permanent feature. Bitcoin is not a currency, its a technology and, its adoption is only going to increase with each passing day. Why? Simply because it is a more safer and efficient way of transaction of your money, than fiat.. So even if it falls, hodl it and buy it, because the storm will pass, as it did before.
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Its the simplicity and safety that block chain transactions can provide over the fiat which became the prime reason why bitcoin kept on rising and why we say to hodl it as it will rise further. Blockchain technology can create digital contracts which can allow for use of distributed ledger system making it a decentralized currency, Thus creating a better alternative to fiat currencies. All these advantages make bitcoin a truly safe and meaningful digital currency. Thus as the adoption increased its value too zoomed.
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Bitcoin will surely become the new reserve for currency and finance institutions and they will create alternate coins, whose value be based on the reserve value of bitcoins used for hedging. In this way the whales will make money for each transaction done against their own currencies. So in that way bitcoin will become what gold is today. The reserve currency.
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