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Actually many people will like the situation of paying with Bitcoin, but it's advisable to do such kind payment with Bitcoin manually instead of using it for internet business, because from my point of views many people will see it as a way of doing what they called scam, because this time many suspect people who demands or request for payment with Bitcoin as a scammer, it's better to do on manual business.
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In other countries such as Nigeria, crypto also appears to be illegal.
This is a wrong conception that cryptocurrency is illegal in Nigerian, make your research very well, nobody ban cryptocurrency in Nigeria it was a false information that Bitcoin is been ban in Nigeria, the vice president said cryptocurrency can be regulated but not ban in Nigeria, so therefore bitcoin is not ban rather it's been allowed to operate but not really a legal tender in the country of Nigerian. |
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We can not yet say that the market is bullish yet.
From my emphasis i have not stipulate that we are into bullish market, only what i said,was that people now accept Bitcoin oe adopt Bitcoin of bullish news, so as it stands now we all are aware that Bitcoin since 2022 it has bot gone out with in bearish market the way I'm saying the current situation of Bitcoin now, so i believe that Bitcoin will have a good value in 2024 |
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Let say this with a past experiences, a human creation doesn't like to go back to know what contribute for their failure on investment, so before somebody or someone became successful, it will be the situation whereby people whosoever that failed should trace to know what makes him to fail. The only thing that ressurect or make someone to be successful in business is the ability to identify it's fault or error.
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I want to know if three thousand five hundred dollars (3500 Euro) you mentioned with the seven thousand dollars ($700) or four hundred thousand dollars ($4000) is for the month or weekly usage, because i know that in some countries with such value of money, you can establish a mega business, so living an average life with money depends on the user needs or want.
They key on here is on where you do live, 3500,7000 whether euro or dollars might really be sound that not enough or ample on making a living but these amounts are indeed high if we do speak about on getting these on 3rd world or developing countries which is something understandable or very basic.It does really shows the economic state of a certain country or place.You cant be able to earn on what you do have in mind. There's always that standard or limit on each place which it would really be determining on your local fiat value and not on other places. Living your life would be entirely be depending on how you would be finding for other sources.If you do find out that your current job doesnt get that much for you to be able to reach up that goal then finding another source would be sensible. In some countries this particular amount is not high to earn for a living, so therefore i believe that some people higher than that, but the problem is that the inflation of a particular country will determine if such amount of money will serve for a living and depending the gravity someone spend it's money, in some countries you can as well use such about of euro to establish business as i portray before. |
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Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?
Let me start from the bank investment with the money: the money can only yield an interest or another value when you using a fixed deposit, and actually depending on your time duration before a withdrawal from the bank. For Bitcoin investment and expecting a potential interest in bitcoin, theirs every tendency that you can as well make a huge profit investing the money in bitcoin, and thing is that the same tendency of doubling your capital is applicable to lose it totally in Bitcoin indecencies that the value can rise and also falls, because if during the investment it enters in bearish season their is every tendency that you might not have a profit and your capital can be equally be losed |
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This idea i will say that it's a lay man ideology, actually what this topic should have be emphasizing on, should be that money is the key of human surviver, actually from my perspective money which you refer as Cash is very important and before you can not survive without money and it's obvious from my perspective.
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I want to know if three thousand five hundred dollars (3500 Euro) you mentioned with the seven thousand dollars ($700) or four hundred thousand dollars ($4000) is for the month or weekly usage, because i know that in some countries with such value of money, you can establish a mega business, so living an average life with money depends on the user needs or want.
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I doubt paper money will ever stop to exist, CBDCs cannot replace fiat. Some countries have tried creating their own digital currency and yet haven’t not been able to convince their citizens to use the digital currency for transactions. The world is not ready to for such a huge transition. Naturally people feel more safe using traditional monetary systems, little wonder why when newbies are introduced to bitcoin they always go for centralized exchanges. It’s a reflex condition that comes from being used to regulated money system.
You are right from your assumptions or suggestions, paper money, ot will be very difficult or rigid before paper money can be abolish, provided that this Earth stand paper money will definitely stand from my perspective, so therefore i believe that paper money have been into existence for long time and it will continue to exist even though that digital money is becoming generally accepted. |
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It depends on the country, because i believe that a country the commodity of things is going up and down is determine directly because of the management of the country economy, an economy of a country is determine by the management and especially by the currency value to another country where they import their business, that should be one of the major thing that behind the inflation of a country towards the areas of getting something.
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No one can actually tell what is the plans of Government or future plans they have concerning banning or not banning Bitcoin and too if they were to ban Bitcoin the government should have done that on before now , Though they have the power to do such.
the more Bitcoin stays without getting banned the more difficult it becomes for the Government to ban Bitcoin, Because it has gained a lot of popularity.
The thing is that government have not come together and have a deliberation concerning baning of Bitcoin, banning of Bitcoin always be agitations of one particular country, so therefore i believe that cryptocurrency and especially bitcoin is something that i believe that since government doesn't have documents of Bitcoin they fine it difficult to ban Bitcoin, but no one supercedes the authority of government from my perspective. |
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Bitcoin is always growing and introducing new kind of use cases every day. Mass adoption does not come with a problem. People will still have traditional fiat currency for regular buy, sell of products. And if the people who hold a huge portion of bitcoin (not confirmed yet) decides to manipulate the market, then there will always be other people willing to do the opposite. Such as, pump in price by whales - people will sell. Dump in price by whales - people will buy.
And those who are holding for decades now, won't let go of their holdings. That's just how I see the market.
Bitcoin today have many supporters because it's been confirmed as a good potential, and many people have values the adoption of bitcoin. While people is been massive of adopting Bitcoin everyday, it's because of the market of Bitcoin in bullish market and kind of transaction procession with Bitcoin, because when using Bitcoin for a transaction across the country, it's not have much delay compare with transaction of Fiat |
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Indian government (maybe other also) say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin
i am something less experience and has bad english so ignore
In this case, what will happen towards this case is a restrictions of cryptocurrency,and it's very difficult before all the countries will come together to work for banning of cryptocurrency and mostly Bitcoin, so i believe that government have the power to ban Bitcoin if they wishes to ban it worldwide, but one or four countries can not stand to ban Bitcoin and it work out, the only thing that can happen in that country is to restrict or regulates the usage of Bitcoin. |
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If I get a time machine now I will only look at 1 hour future crypto state and then take entry for potential coins in future trade with full leverage. If I do this, I will become a billionaire very quickly. But no such time machine can ever be found in scientific explanation. So thinking about it would be a false consolation. Because it is never possible in reality.
You guys know that sometimes machine does not function appropriately, i believe that we should not put trust on machine because of the development of a machine, actually machine can fail and can also contribute meaningfully in the development of success depending on how we use it, trusting machine hundred percent is not encouraging. |
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Bitcoins can exist without exchanges, but would you support the argument that the existence of exchanges are among the factors facilitating the popularity and accessibility that people have to bitcoins?
Bitcoin in another way round can exist without exchanges, and if it does it will be very difficult to have a Bitcoin transaction that will give you Fiat currency, because P2P is very hard before you can as well see the transaction with very big amount, i will tell you that exchanges is what means the transaction of Bitcoin with fiat currency to be very simple and easier for us. Having an exchange actually makes bitcoin grow and you can even say rapidly because with an indirect exchange it will be a way to elevate bitcoin in terms of price. This can be a quite important role, in fact, even though bitcoin can exist without an exchange, on the other hand, it would be great if there was an exchange, and now we are already feeling the impact of the current exchange. That's the exactly the point i tried to rise, because it's very obvious that without an exchange Bitcoin will not be interested to some people to partner with, so the use or the establishment of an exchange is what really makes Bitcoin to be well known and many people began to develop interest. So it would have been very difficult from my perspective to convert Bitcoin to fiat currency if assume their was no exchanges. |
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Bitcoin has circulated since 2017, so i believe that with the information of Bitcoin been important to and a valuable asset, i believe that many people have known the important of Bitcoin, so therefore people are going into bitcoin payment because the have heard of Bitcoin and they don't want to miss out in Bitcoin transaction, so i believe that, payment with Bitcoin will become viral in business payment.
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Another Bitcoin halving is expected to come in 2024. As it has been in the last two Bitcoin halving, the bull run follows. As we anticipate another Bitcoin halving, when is the right to buy in and stock up Bitcoin in order not to be left behind in the next bull market?
Actually the bearish season took over the years of 2022, but from my understanding of cryptocurrency, the best time to buy cryptocurrency and especially bitcoin in particular is during the bearish market, so therefore i believe that Bitcoin have a lot of things time someone can purchase it depending on your preferable time, so i believe that anyone who wants to invest in Bitcoin it's this season. |
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Day by day the bitcoin price is declining. It seems that the price these days is largely dictated by miners that constantly sell coins and investors that hope for future profits. That is also what most topics in this forum are about. What I see less and less are post about how bitcoin can be used for its intended purpose that is "A purely peer-to-peer version of electronic cash" to send "online payments (..) directly from one party to another".
Are people even willing to still follow these idea or is bitcoin doomed to be a place for profit gamblers that will slowly loose its relevance?
Bitcoin have no constant rotation since the existence of bitcoin, and one thing is that Bitcoin going down in price is the determination of lack of investors coming in into the market of cryptocurrency, from my perspective i believe that Bitcoin will rise and it can accelerate when the price is of higher investors, the price depreciating is something that we do experience everyday and every time, so the market will determine it's relevant. |
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Bitcoins can exist without exchanges, but would you support the argument that the existence of exchanges are among the factors facilitating the popularity and accessibility that people have to bitcoins?
Bitcoin in another way round can exist without exchanges, and if it does it will be very difficult to have a Bitcoin transaction that will give you Fiat currency, because P2P is very hard before you can as well see the transaction with very big amount, i will tell you that exchanges is what means the transaction of Bitcoin with fiat currency to be very simple and easier for us. |
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A Lot of damages have been done to Bitcoin in 2022, which is partly due to the economic woes of the world and high inflation plaguing global markets among other factors. The Crypto has been holding its ground tightly above the low of June 2022.
My question is, will Bitcoin hold the rest of this year above the low of June at 17625.00 or the level will be breached before 2023?
Now that it is 2023, of course we have seen how Bitcoin is doing. Late 2022, Bitcoin price looks very stable at $16k to $20k. There are no big price spikes in 2022. It is possible that in 2023 there will be new surprises with higher price pumps. I think this will happen from next April. However it doesn't hold up well, and there will be higher dumps after that. Some people say this is part of the process towards the 2024 bull run. Actually everyone is praying for big values of Bitcoin and especially the increment aspect, but from my perspective, it has been clear that Bitcoin will have different in this year 2023 than what we had before in 2022, I'm expecting Bitcoin to rise in 2024 not in 2023. |
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