Based on what I observed over time, BTC surpassed gold in several ways sometime back which became the talk of the town and helped spread awareness related to it and cryptocurrencies overall.
As an investment asset, BTC is way better than gold. On the other hand, as a currency, gold is still better than BTC.
For the price, over the last 50 years the price of gold has been impressive accompanied by inflation and high production costs due to deeper mining. Meanwhile, Bitcoin has also experienced a remarkable increase from the price of US $ 0.08 when it debuted in 2008 to around US $ 60 thousand recently. But the correction in crypto is also very steep and sharp changes that should also be a concern. So it seems that gold will always be used for investment, while Bitcoin for trading and speculation. |
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There are many assets that are considered a store of value. Perhaps the most common assets that come to mind are precious metals such as gold or other objects that have a limited supply.
However, gold is a scarce resource, and it is impossible to predict how much it will be in the future. In addition, as technology develops, gold will be easily obtained through asteroid mining.
This is where bitcoin differentiates itself. Investors can verify with certainty how much is there now and how much will be in the future. This makes bitcoin the only asset in the world that can be proven to have a finite and fixed supply.
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People say money can't buy happiness. Why a lot of money if not happy, so he said. But will you really believe it? In fact, there are many things that can affect a person's happiness, and it seems that money can, without a doubt, be the determining factor.
An analysis of research conducted by the investment group Advisor Perspectives, found that money can increase people's overall satisfaction with life up to a point. This depends on how much the cost of living and the income we get.
Happiness expert Gretchen Rubin said, that money is a kind of health gauge where a very large amount can affect us in many ways, especially in a negative way. When the amount is sufficient, money can increase happiness.
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Now you'll find that the essence of currency is still consensus, and its value is given by consensus as well. The collective consensus will gradually render Bitcoin a world currency. No one can resist this trend but adapt to it.
Yes, this is a really deep idea that summarizes the whole article. You wrote more than one article about consensus and I disagree with you about human consensus, but I completely agree with you here. It is the consensus that gives the currency its value. Without consensus, no currency or metal, even gold, can have a value, for example. If there is a global consensus that gold has no value, then gold will become worthless and become like any other metal. On the other hand, if there is a consensus that copper, for example, is more expensive than gold, then the value of copper will become more expensive than gold, and people will store copper instead of gold. Now what happens if there is a global consensus that the dollar is worthless and the bitcoin has a high value, then the dollar will become a worthless pile of papers and the real value will become in bitcoin. I believe this will happen in the near future. The nature of gold and silver whose value is more permanent as currency from time to time is due to their value which is based on their substance, and not on the recognition of groups of people or countries. This makes the gold and silver currency stable in value, anytime and anywhere, almost never changes. This property is suitable for currency criteria as a measure of the price of goods and services, because the standard size must be stable and not fluctuating. |
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Money is an object that is agreed upon by its users as (means of exchange), even if it is made of a piece of stone or wood.
Likewise with the presence of bitcoin which is predicted to be a currency (means of exchange) and will be accepted throughout the world if an agreement is born to use it.
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The Covid-19 pandemic has been going on for almost two years. Over time, the corona virus that causes Covid-19 also mutates and gives rise to various new variants.
In this regard, a number of countries continue to do their best to save their citizens from this deadly virus.
Vaccination is one of the most effective efforts to deal with the ongoing COVID-19 pandemic.
Vaccination is the administration of vaccines (antigens) that can produce the formation of immunity (antibodies) of the immune system in the body. Vaccination as a primary prevention effort that is very capable of preventing disease can be done by vaccination. With the vaccination procedure it is really hoped that optimal immunity will be obtained.
Actually, the body's immune system against a disease can be formed naturally when a person is infected with a virus or bacteria that causes it. However, Corona virus infection has a high risk of death and transmission. Therefore, another way is needed to form the immune system, namely vaccination.
The Covid-19 vaccination is carried out after the safety and efficacy is in place, in an effort to reduce the risk and death and encourage the formation of herd immunity. In addition, the Covid-19 vaccination aims to protect and strengthen the health system as a whole, as well as maintain productivity and reduce the social and economic impact of the community.
However, I will not speculate further about giving vaccines, because there are various types of vaccines offered by a number of countries that have succeeded in creating these vaccines.
I only see the positive side, as a community, always obey the government's recommendations, and really hope that the COVID-19 pandemic will end soon and the world will recover.
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Inflation risk is the opportunity that cash flows from investments will not be worth much in the future because of changes in purchasing power due to inflation. Usually, this risk is taken by investors when holding cash. In addition to fiscal and monetary policies, the government can also overcome inflation by increasing production output, facilitating the entry of imported goods, stabilizing people's income (wage levels), setting maximum prices, and monitoring and distributing goods.
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The corona virus pandemic has made many investors move their investments to bitcoin and other cryptocurrencies, because the price of bitcoin actually increases during the pandemic, where the prices of other investment commodities are exposed or fall due to the impact of covid-19. People certainly choose the right investment in securing their money.
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Being rich is certainly a dream for everyone, the path to achieving success is different.
In this digital era, the rapid development of information and telecommunications technology has become an inseparable part of people's daily lives. One of the technology-related phenomena that is currently popular is the publication of a digital currency called bitcoin.
many people who achieve success and elevate their social status in society.
The success that has been achieved is certainly highly desired by others and I want to learn more about economic development in the current digitalization era, I want to help others.
and I agree, this is our chance to be successful together.
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after messi decided to join PSG, PSG fan tokens experienced an increase in price and popularity that beat the flagship meme coin, Dogecoin.
A data report from CoinMarketCap mentions that the PSG token skyrocketed 74 percent in the last four days. Trading volume also comes from Binance and Turkish crypto exchange Paribu. The volume increased to 330 percent.
To note, the PSG token has been launched since early 2020. The launch is the result of PSG's collaboration with Socios.com.
not only PSG, a number of world football clubs also have fan tokens.
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when interest and cryptocurrency prices rise sharply, there are always statements from various experts, both negative and positive about cryptocurrencies, but that's normal and I see it only as part of the dynamics.
and I interpret it in a more positive direction, the planned regulation will probably have a good impact on the crypto market, but this is just an assumption and I don't dare to conclude further, because I don't want to disturb my concentration in this very good crypto market.
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Eradicating poverty is indeed difficult to realize but that does not mean it is impossible.
I see there are many poverty reduction programs carried out by countries, including every individual or institution.
However, nothing has been able to change the quality of life of people from the lower layers. Many institutions or foundations or also the government make programs that are not sustainable, so they only last for a few years, because they are stuck on the problem of finding further funds.
So, the right solution in my opinion is, every rich person should always spend a little of their income to help their economy.
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I don't have a lot of assets and it was exacerbated by the covid 19 pandemic that I lost income, but the remaining little assets I invested in crypto and the results were quite helpful and now I'm starting to reorganize my financial management.
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according to the statements of experts such as BItstamp CEO Julian Sawyer: Bitcoin has drawbacks such as extreme volatility and is more likely to be part of payment methods such as cards, coins, currencies or checks. It is highly unlikely that it will be the torchbearer of financial transactions. Cryptos can be influenced by memes and tweets, making them highly volatile and therefore unsuitable for global or national financial systems. Bitcoin's value has halved since mid-April and more than quadrupled in value last year. then Bannockburn Global Forex chief market strategist Marc Chandler said, volatile Bitcoin is a damper for financial stability for countries. When a country's currency loses credibility in the market, gets out of control, enjoys extreme volatility, it causes high inflation, which is why some countries peg their currency to other currencies and have a dollar-denominated economy like El Salvador did. This is undoubtedly a turning point for cryptos like Bitcoin, and it is definitely a moment of reckoning. Tellimer's head of financial equity research Rahul Shah is of the view that countries such as Liberia, South Sudan, Guatemala, and Haiti could be the next countries to legalize Bitcoin given their dependence on foreign remittance inflows, high poverty and low financial inclusion. Sumber: https://www.cryptonewsz.com/can-bitcoin-ever-replace-fiat-currencies/I think the debate about this will continue. and I conclude that, cryptocurrencies are the future of payments; replacing fiat currency will be difficult, and cryptocurrencies currently face many challenges. |
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this is a difficult choice, if you look at the price of bitcoin now then I prefer to be paid with bitcoin, but if it turns out that one day the price of bitcoin drops drastically, surely everyone will still choose fiat.
So, choosing both is the best option.
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an investor must be smart in making decisions
investment.
Decision making is a process of selecting the best alternative from
number of alternatives available in a complex situation.
Taking
investment decisions will be greatly influenced by the information received, as well as the level of
the ability and knowledge of investors about investment.
So to be a good investor, you must be able to control yourself as well as possible.
There are several important things to consider in making decisions, such as recognizing the type of coin, calculating the profit and risk level, and evaluating financial performance.
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The era of digitalization of technology gave birth to Bitcoin as an exciting new currency for the world community. He became an alternative to complete the needs of financial transactions at the global level who crave convenience, efficiency and security.
Bitcoin has indeed captured market opportunities well. The trend of increasing internet users around the world is a strategic moment for Bitcoin's presence. Especially with the development of global e-commerce business potential that encourages global people to conduct cross-border trade transactions.
So the development of Bitcoin remains on the right track.
Although Bitcoin exchange rate fluctuations are closely related to world economic policies including the regulation of a country, the perception of expectations and Bitcoin owners (panic) Bitcoin owners and the amount of demand and supply of Bitcoin in the market.
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In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.
If you look at the current conditions, it seems impossible if physical money is replaced with digital money. But nothing is impossible for the future. However, if this is taken into account the current conditions, I don't think it will be effective considering that many older people do not understand technology, and this is difficult. the transition to the use of currency will definitely occur because life is dynamic, technology is growing, but this progress does not necessarily reach all human beings in this world, such as countries that are not fully supported by internet facilities, this is very difficult for them. |
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Losing money in investing is certainly one of the most feared things, especially by novice investors.
Here are 5 things we must do to minimize investment risk.
1. Diversification
Diversification is the first step to minimize investment risk, which means sharing investment risk. Or in other words don't put eggs in one basket. If you are a novice investor, then there is no harm in investing from the easy and cheap ones, in mutual funds for example.
2. Extend investment time
Investment risk can also be minimized by extending the time. Some types of new stocks and mutual funds will see how they perform after 3-5 years, even more and are able to provide better returns than if you do day trading.
3. Risk management
This risk management actually manages risk, so that you are not always anxious in investing. In other words, can answer how much can you accept losses? If, for example, you can't sleep because you're worried about the investment you're making, it means that the investment you've made is wrong.
4. Calm down and don't panic
If you find that your portfolio suddenly suffers losses and is red, so there is a high potential for unrealized losses, you should not rush to make a decision to sell at a loss or cut a loss.
In investing, there will always be ups and downs. However, that does not mean that every decline must always be followed by selling at a loss in order to cover the possibility of further losses. Study and find out in advance what causes your portfolio to turn red.
5. Switch
Switching is one of the efforts to minimize investment risk. For example, for now, your chosen investment instrument is losing money, so there is no harm in replacing it with an investment instrument that is on the rise. Back to point 3, how about risk management that you have done? What is your tolerance for loss? It does take time and further learning to invest independently.
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