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21  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin suitable to become legal tender? on: September 24, 2021, 02:24:37 AM

Bitcoin is not yet suitable as a legal tender. Its price is unstable and other factors do not apply to trading currencies. If a country uses Bitcoin as a legal currency, their original currency will become weaker and their payment methods will also be changed.
22  Economy / Economics / Re: Cryptocurrency and entertainment. on: September 16, 2021, 03:28:43 AM
News has a certain influence on bitcoin and cryptocurrencies. When the country legalizes cryptocurrency or uses bitcoin as legal tender, it can increase people's trust and popularity of cryptocurrency.
And the active talk of public figures on cryptocurrency will also have a positive impact on it and increase the popularity of cryptocurrency. For example, with the emergence of the news that Elon Musk supports Bitcoin, the price of bitcoin has also shown an upward trend.
23  Economy / Economics / Re: What’s the nature of consensus? on: September 16, 2021, 01:56:41 AM
The value of Bitcoin is formed by consensus and common value. The consensus is also people's acceptance and recognition of bitcoin, and it is also where bitcoin's greatest value lies.
The development of Bitcoin fully proves the consensus mechanism for its survival. It is easy to form a consensus in the crypto world, and with the development of cryptocurrency and its influence, the human world is constantly being improved. Bitcoin has liberated people's minds, and more and more people have formed a consensus on Bitcoin.
Nowadays under the trend of digital economy, bitcoin's influence in the financial system is increasing. More people understand it and realize its value and importance. Bitcoin continues to change existing social life and helps us form a free, equal and orderly human world.
24  Economy / Economics / Re: Bitcoin or altcoins on: September 15, 2021, 08:02:46 AM
Bitcoin dominates the crypto market. Although bitcoin is risky, it is less risky than altcoins. So investing in it is safer than altcoins. Bitcoin is the best choice for investors for long-term investment. The limited number of bitcoin and the use of more users will continue to increase in price in the future, and long-term holding will result in higher profits.
Short-term trading of altcoins may be more profitable. The initial prices of altcoins are relatively low. According to market trends, buying low and selling high will also reap a lot of benefits. But in the end the price of most altcoins will still follow the price of Bitcoin and change.
25  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Cryptocurrency is not Legalized Despite the Many Benefits on: September 11, 2021, 07:22:06 AM
Cryptocurrency has been legalized in some countries, and it is only banned in a few countries.
They banned cryptocurrency because decentralization cannot supervise it, and it cannot track transactions that may be used for illegal and criminal activities.
If the country legalizes cryptocurrency, they will not be able to benefit from it like fiat currency. So the government will not legalize it for its own benefit.
26  Economy / Economics / Re: Do you think financial stability is mandatory to be a gainer in Bitcoin invest? on: September 11, 2021, 03:02:18 AM
Financial stability does help crypto investment. People with sufficient funds are more willing to take risks. They can invest more funds and hold them for a long time.
People with unstable funds may not consider investing first or they use very little funds to invest because they must reserve enough funds to support their daily lives. They are also more susceptible to market sentiment. When currency prices fall, they will panic and sell, which is more likely to cause economic losses.
27  Bitcoin / Bitcoin Discussion / Re: If bitcoin go high the poor will not participate on: September 08, 2021, 02:17:31 AM
Bitcoin is suitable for everyone. Anyone has the opportunity to invest in bitcoin and can buy it within their own financial capacity.
When the price of bitcoin is too high, you don't have to buy a complete bitcoin, you can use it for the investment part according to your financial ability and daily needs, and then increase it regularly and hold it for a long time, and finally you can get great benefits.
28  Bitcoin / Bitcoin Discussion / Re: Why should other countries did not accept Bitcoins? on: September 02, 2021, 03:18:27 AM
Bitcoin is a decentralized digital currency, and no one can control and track its transactions. If bitcoin is used for criminal activities, the government cannot monitor it and it is difficult to track them. Some countries are also afraid of the economic losses that may be caused by the volatility risk of bitcoin.
But with the passage of time and the development of the digital economy, more government agencies and users see the value and benefits of bitcoin, and now more and more countries are gradually accepting it.
29  Bitcoin / Bitcoin Discussion / Re: How does Bitcoin work? on: August 23, 2021, 02:19:15 AM
Bitcoin is running on the Internet based on blockchain technology. It is not a single central server that stores data but a decentralized accounting method. All nodes distributed around the world will participate in transactions on the entire blockchain and must Keep in sync to verify the transaction correctly. Bitcoin is controlled by all Bitcoin users around the world, and only when all users reach a fully unanimous consensus can Bitcoin work normally.
30  Bitcoin / Bitcoin Discussion / Re: Bitcoin brings us true freedom of thought on: August 23, 2021, 02:04:02 AM
The decentralized nature of Bitcoin not only provides complete financial freedom and creates more wealth, but its existence also gives us real freedom of thought. Will not be controlled and restricted by the government or the central bank's third-party system. The user owns personal assets, which can ensure that the funds are privately owned and also provide sufficient security for the assets.

The creation of Bitcoin has brought us new experiences and unlimited possibilities outside the traditional financial system. It has created many opportunities for us and changed the inherent traditional thinking, truly achieving freedom of thought.
31  Bitcoin / Bitcoin Discussion / Re: With all your assets, Investing in Bitcoin is really a madness or beneficial ? on: August 21, 2021, 06:20:36 AM
Any investment has risks. Investment should consider the possibility of risk loss and make a wise investment.

Although Bitcoin is a valuable cryptocurrency investment, it is more profitable than any other investment, but investing all assets in Bitcoin means gambling, and no one can guarantee that the price of Bitcoin will rise or fall.

Investing all funds in a risk that will increase the investor's risk, invest in an amount that you can afford to lose.
32  Other / Beginners & Help / Re: Can lean investor become rich in Bitcoin on: August 20, 2021, 08:13:50 AM
Bitcoin is not a way to get rich quickly, but you can gain financial freedom by investing in it.

Invest in Bitcoin and continue to increase capital investment, store it in the wallet for long-term holding, and get more profits as the value rises. However, if affected by market sentiment, continuous blind trading may cause certain economic losses.
33  Bitcoin / Bitcoin Discussion / Re: Bitcoin surpasses gold on: August 20, 2021, 03:43:44 AM
As the king of cryptocurrency, bitcoin has brought the era of digital economy as well as the era of blockchain technology. Bitcoin has also brought a comprehensive innovation in the traditional currency industry. It is an important symbol of the evolution of currency from physical to digital. Bitcoin will occupy an important position, which also provides important support for the value.
With the development of the blockchain, the consensus of Bitcoin has been continuously strengthened. Many people have realized the benefits and innovation of Bitcoin, and the value of Bitcoin has been recognized and recognized by more people. The value and characteristics of Bitcoin itself also have its ideas and consensus,it has sufficient conditions to become an important asset reserve in the digital economy.
34  Economy / Economics / Re: What’s consensus? on: August 18, 2021, 06:06:52 AM
The operation of human economy and society is based on various consensuses. Everything needs to reach a consensus stage from the continuous game process. Bitcoin is that all the correct nodes in the system agree to a certain decision and reach a consensus.

When the entire Bitcoin community formed a consensus, it was positively fed back to the bitcoin mechanism. With the globalization of the Internet and the currency barriers of various countries, the circulation of wealth will inevitably lag behind. The emergence of bitcoin and the continuous growth of self vitality. Bitcoin's scale and transaction volume will not die out due to the suppression of national regulatory policies, because consensus and systems will not disappear due to suppression. Once the consensus is formed, various supplements will be developed to gradually improve it.
35  Bitcoin / Bitcoin Discussion / Re: The risks of using Bitcoin on: August 14, 2021, 06:26:10 AM
The price of Bitcoin fluctuates greatly, and investors have greater trading risks. Many Bitcoin traders obtain spread income by selling high and buying low Bitcoin on the trading platform. At this time, traders need to bear the arbitrage risk of Bitcoin's skyrocketing and plummeting. If Bitcoin is used as a trading medium, the huge fluctuations in the value of this currency will bring huge risks to users.
Bitcoin's anonymity makes its transaction records difficult to track, and it also provides channels for illegal and criminal activities such as money laundering, drug trafficking, smuggling, and illegal fund-raising.
Whether the blockchain technology that Bitcoin relies on can withstand the test of security, and whether the anti-risk ability of the Bitcoin trading platform can match the rapid increase in transaction volume. Bitcoin trading platforms in some countries have experienced incidents such as security vulnerabilities being exploited by hackers and causing the loss of Bitcoin hosted on the platform, which would have caused significant losses to Bitcoin investors.
36  Bitcoin / Bitcoin Discussion / Re: What is Bit Civilization? on: August 14, 2021, 03:31:45 AM
Bitcoin has essentially surpassed technological innovation and is an invasion of a new civilization. This civilized aggression has gained value support on Bitcoin.
The emergence of Bitcoin is an inevitable product of the development of human civilization. Throughout the history of human development, the change of dynasties and the decline and fall of empires have a common underlying factor that is the financial problem. The government issues additional currency to solve fiscal problems. Appropriate additional issuance can stimulate economic development. However, excessive issuance can stimulate economic development. Too much issuance will directly lead to the collapse of the entire economic system, trigger social unrest, and even trigger changes in the times. But bitcoin's decentralization can get rid of anyone's control and bring people a fairer, freer, and more open society.
Bitcoin represents a new human civilization, increases people’s consensus, and moves towards a more prosperous social and civilized life.
37  Bitcoin / Bitcoin Discussion / Re: How can you combat market gloom? on: August 12, 2021, 08:33:23 AM
Choose a safer cryptocurrency for long-term investment. Any cryptocurrency will have price fluctuations. Once you are convinced of the purchase, you must believe in it. Although there will be a downward trend in the short term, in the long run, the price will tend to rise.

When the market is down, nothing can really be done to fight it. Don't be affected by market sentiment, but look at long-term trends and slowly learn how to be immune to market changes.
38  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is BTC still top1 on the cryptomarket? on: August 10, 2021, 09:53:06 AM
As a pioneer in the field of encryption, Bitcoin has withstood the test of time. Most altcoins in the crypto market are created after realizing the profitability of Bitcoin, and they will also be affected by Bitcoin. Compared to other altcoins, Bitcoin is more secure and popular. Many people have realized its value and value, it has gained good trust, and people believe that it has better growth potential than other cryptocurrencies.
39  Bitcoin / Bitcoin Discussion / Re: Do you worry about not being able to convert BTC to fiat in future on: August 09, 2021, 08:25:27 AM
Now different countries and large companies are slowly completing various transactions through Bitcoin, and the adoption rate of cryptocurrency is getting higher and higher, so in the future, it is possible that most banks will inevitably remove their cryptocurrency restrictions. At that time you don't need to convert it to legal tender at all.
In countries where bitcoin is prohibited, those who cannot convert their bitcoins into legal tender can use P2P to directly sell or buy their bitcoins.
40  Economy / Economics / Re: Why do most cryptocurrencies rise and fall together? on: August 09, 2021, 07:51:38 AM
Bitcoin dominates the crypto market, and some altcoins will refer to the price of Bitcoin when trading, and trade strategies based on the rise and fall of Bitcoin.
Affected by the market panic, investors blindly chase the rise and fall, which will cause most altcoins to continue to rise and fall along with the fluctuation of Bitcoin.
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