There are many factors which we need to consider before we decide to select exchange for crypto currencies transactions. These factors include exchange's overall reputation, quality of security systems and insurance cover of its account holder's deposits. Even with all these assurances provided by an exchange. it is important to note that security systems are never 100% immune to hacking attacks, as hackers persistently search for vulnerabilities in the system to exploit it.

Therefore, it is always advisable to store your funds in your personnel wallet and take measures to secure your keys.

It is very hard to estimate the timeline of potential phasing out of paper money and replacement of credit/debit card with Central Banks digital Currencies (CBDC) as it is a complex task and depends on many factors. These factors include, preparing of infrastructure, educating general public to adopt and accept it & establishment of regulatory framework by governments. Furthermore, important to understand the diverse needs of societies and their preferences, indicating the possibility of a future where multiple systems of payment could coexist. This evolving landscape could include, paper money, CBDC and crypto currencies.

Dreams are an integral part of life , motivating us to strive for something greater which can potentially  change our fortune. Dreaming for global legalization and extensive adoption of Bitcoin is our common desire, and not exclusive to any one individual. We all wish to see it materializing into a reality, in aforeseeable future. It is crucial for us as  Bitcoin HODLERS to continue believing in its potential to reward its long term investors with substantial profit.

Yes, it is possible and there are discussions going on in many parts of the world about it to create a multi-currency system that is not solely dependent on pre-dominated US dollar-based system, and digital currencies such as Bitcoin is also an option. The major economic powers such as China and Russia are already using their national currencies to trade goods and services. However, completely moving away from US dollar poses significant challenges due to complexities involved and need for agreements among nations to establish and accept a new system.

Indeed, current price if Bitcoin provides attractive opportunity to buy and hold Bitcoin on long term basis. The best way to buying Bitcoin with a fixed amount of dollars in intervals by employing Dollar Cost Averaging (DCA) strategy during substantial price drops. This is considered best approach as it allows investors to obtain a more favorable average price. By regularly buying Bitcoin with fixed amount of dollars, this strategy enables traders to achieve potential quicker profitability as market begins to recover.

Your concerns about rising cost of living due to inflation and declining value of currencies is quite understandable, which has made life difficult for general public. It is also true that sellers generally don't reduce the price in countries where government regulations are not strict, despite reduction in inflation rate. In a free market economy, the prices are primarily determined by demand and supply rule which can effectively work if citizen play their due role to mitigate impact of inflation by making informed decision of purchasing avoiding to buy goods from outlets where they perceive that prices are higher compared to other markets.

While it is true that most of us are not financial advisers, but what we have learned about investment through our experience with crypto space, suggests that all type of investments carry some level of risk while Bitcoin is comparatively more risky as is extremely volatile. Surprisingly though, it remains subject of extensive discussions across various platforms of social media, that reflects notable interest among investors. Consequently, it is considered best asset for long term investment having potential to reward its investors with significant returns.

There are distinct differences between saving money and holding Bitcoins, and they are not similar at all. Such as traditional  fiat currency is subject to depreciation overtime, whereas Bitcoin is inherently deflationary due to its limited supply. That's why it is commonly considered as hedge against fiat currencies. However, It is worth mentioning here, that holding Bitcoin requires patience as is very volatile and unpredictable asset. Nonetheless, holding Bitcoin for long term can potentially yield substantial returns.

Indeed, it is undeniable that correlation exists between poverty and wealth within an economic system. However there are numerous wealthy individuals who actively engage in social works and make substantial contribution for humanitarian causes all over the world. An exemplary figure is Bill Gates who has dedicated significant portion of his wealth to supporting those who desperately need it.

In summary, both the poor and the wealthy are integral part of our society, we need to make efforts to create an environment, that safeguards interests of both groups..

It is true that process of passing legislation has many stages and requires substantial support of lawmakers to have it passed. However it remains crucial  that there are genuine voices raising their genuine concerns about what is going on about crypto currencies regulations in USA. Failure to address these issue may hinder development of innovation and new technologies and potentially leading to flight of capital from USA to alternative destination in Europe or Asia. These destination may welcome the crypto currencies exchanges that are being discouraged to operate in the United States.

Indeed, by actively involving citizens, governments can benefit from diverse ideas, grassroot initiatives and different perspectives, that may not have originated within the government itself. Civil societies organization can contribute valuable expertise, resources and advocacy efforts to address issue of poverty.
In summary, an informed and engaged society is crucial for ensuring that governments prioritize these issue and take appropriate actions to tackle them.

I believe poverty is a complex issue and it can not be eradicated solely by governments without active participation of general public. However, it is the responsibility of the governments to create an environment which is attractive for foreign and local investment, establish institutions equipped with modern technologies to empower to educate youth, and use latest technologies to enhance agricultural and industrial products.

I think the actions taken against Binance and Coinbase exchanges will extend beyond USA and have far reaching consequences. The confidence of investors is severely shaken and it will take long time to restore it. As we all understand that crypto market is very volatile and  generally driven by sentiment of participants, which is currently very negative and evident from outflow of funds from exchanges.. However, despite recent developments, the leading crypto currencies, Bitcoin and Ethereum have not been significantly impacted and gradually recovering their previous price levels.

The significance of impact would indeed depend on the size and economic strengths of the countries deciding to move away from US dollar. For example if China, Saudi Arabia, Russia and India collectively deciding to trade bilaterally using their national currencies, it can potentially affect the value of dollar as they represent top 20 economies with substantial trading volumes.

While it is true that what Genseler is doing is supported by influential individuals and institutions, it is important to note that ultimate goal is to establish regulation and  distinguish between security and non-security tokens in crytpo space, which I think is in the best interest of all stake holders. The ongoing discussions and regulatory  efforts aim to provide clarity and establish well regulated environment,which is essential for sustained growth of crypto industry.  

Regarding Ethereum, SEC has never officially declared it as security.

It is correct to state that altcoins are not comparable to Bitcoin as far as their fundamental characteristics are concerned. Bitcoin has its unique position and it is leading crypto currency with largest market capitalization. It has also gained significant adoption and recognition which contributes to its ability to recover from plunges. Bitcoin is also considered store of value and hedge against inflation. On the other hand alts are created for a specific purpose and they use different technology compared to Bitcoin. Some altcoins aim to provide solution for decentralized finance (DEFI). However, not all alts have strong use case or clear utility. In view of aforementioned factors, it is important to invest in altcoins after through research of their fundamentals and utility, as well as evaluate your financial situation prior to making investment decision.

I empathize with your friend for his unfortunate experience of facing losses due to sudden decline in Bitcoin price caused by the SEC regulation issue. However. we need to understand that crypto market is highly volatile and unpredictable. Such situation can emotionally disturb many investors, but we need to be patient and continue holding our investment for potential significant returns in future.

You are correct that  Bitcoin price has surged overtime due to its demand and strong confidence investors have in its echo system. This increase is primarily driven by its two key strengths, limited supply and full decentralization, rather than influenced by inflation of fiat currencies. The historical track record of Bitcoin price reflects that its price is also influenced by other factors, such as state of overall economy, interest rates and regulatory issues.

It is correct that main source of income for banks is from loans and mortgages, they provide to individuals and businesses, but I think it is not correct all banks are  involved in fraudulent or scams activities.While it is true that there have been some cases of unethical behavior by some financial institutions in the past that doesn't represent the entire industry. The banks all over the world operate within the regulatory framework of central bank and the role of central bank is to make sure that they adhere to the regulations and safeguard the interests of customers.

Thanks brother. Es system ko change kerny k liye bht qurbani dena pry gi verna yeh system aisy hee chalta rehe ga ku k jo log es system k beneficiaries han woh ku es system ko change kerna chahein gay.. Yeh system Elite ne capture kia hoa ha or sirf wohi faida utathay han or common person toh bechara es system ka Innocent victim ha.

We will never forget the sacrifice of our freedom fighters had made. Now it is our turn to reform the country.


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