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October 26, 2021, 02:52:26 AM *
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1  Bitcoin / Bitcoin Discussion / Re: 650 U.S. banks will soon be able to offer bitcoin purchases on: July 03, 2021, 02:36:04 AM
Adoption cant be stopped at this rate. Inflation of fiat currencies is growing and with it exposure and interest in other stores of value. Great news for Crypto.. all of this I see as just building blocks for this space. It will take time, but is ultimately for the best.

2  Bitcoin / Bitcoin Discussion / Re: Factors affecting bitcoin business on: July 02, 2021, 07:01:49 AM
The major factors affecting bitcoin are :

Change in government - it's simply means when another government enter there's will be reduction or addition of some policies.

Political instability - when political system in the country is not stable, everything will get down.

I agree with your first point, maybe you can add those government that doesn't want to give freedom to their people, like China.

However, the second part, is the opposite in my opinion, if there is political instability then people should really go to bitcoin and crypto to hedge their wealth. So before everything goes down and worsen or your local money devalued, it's better to put it to bitcoin.
I hold the same view as you. The change of government may introduce some unfavorable or favorable policies for Bitcoin, because every leader has a different attitude towards cryptocurrency, which also indirectly affects the price of Bitcoin. In some politically turbulent areas, their home country’s fiat currency is out of order, inflation is serious, or the US dollar is directly used as the country’s fiat currency. This is why El Salvador uses Bitcoin as its own country’s legal currency. In the hands of Bank of America, it is the best choice under current national conditions.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not just a currency, but represents a new human civilization on: July 02, 2021, 01:44:14 AM
Bitcoin is a new revolution of monetary system that might be our future that's why a lot of people are preparing already through investments and holding. Although most of the investors purpose is for profit, some are looking at it as a security for the future so that if ever bitcoin becomes legal in the future and became an official currency, they will have all the advantage towards those who didn't invest on bitcoin. Who knows what the future holds so it would be better to find a way on how you can make sure you can suffice all your family's needs when the time comes.
Bitcoin is not only an important invention in human history, but also a kind of civilization. It has gathered a powerful consensus in the world and solved many problems. For example, users of Bitcoin have complete control over their transactions; Merchants cannot impose unjustified or unobtrusive fees that might occur in other payment methods. Paying with bitcoin eliminates the need for personal information to be tied to the transaction, which provides significant protection against identity theft. Users of Bitcoin can also protect their funds through backup and encryption, which is much more secure than fiat currency, so I believe that in the future Bitcoin will become a means of payment for people, not just a means for investment.
4  Bitcoin / Bitcoin Discussion / Re: Why on earth do you own bitcoin? on: July 01, 2021, 05:58:13 AM
At first, I have the currency because listen to friends say it can bring huge wealth, at that time, I will follow my friends bought some, but it was because of the plunge, I also sell some, but as I study in-depth knowledge of encryption currency, I began to have a plan to buy, is no longer at the highest price to buy, and sell when tumbled, I think I have gradually become a loyal fan of Bitcoin, I believe it not only brings wealth but also brings new changes to the world.
5  Bitcoin / Bitcoin Discussion / Re: Has the world become greedier since BTC? on: June 29, 2021, 01:56:59 AM
Perhaps most people begin to contact the currency because I heard that it can bring huge benefits, people are yearning for freedom of wealth, is the nature of human greed, I don't think because the currency so that they become like this, so it is human nature, but we can never be just profits and not losses, people's desire is strong, But we need a clear understanding to better grasp the timing, so that we will not be frightened by the temporary market turmoil.
6  Bitcoin / Bitcoin Discussion / Re: What happens to my bitcoin if I die today? on: June 28, 2021, 02:10:08 AM
If you die one day, you can give your wallet and private keys to your wife or children before then and teach them how to use them. Cryptocurrency will never disappear. You can rest assured that as long as you don't lose your wallet and private keys, you can get them back. Your future generations will still be able to use the bitcoin or other crypto assets in your wallet.
7  Bitcoin / Bitcoin Discussion / Re: What would you be doing if there was no bitcoin? on: June 26, 2021, 06:12:03 AM
If I have not been exposed to Bitcoin, I may also invest in other projects or stocks, or I may open a shop with my friends to do a little business, but I think even if there is no Bitcoin, there will be other cryptocurrencies. Will appear, I think this is the inevitable trend of the world's development, and it is unstoppable.
8  Bitcoin / Bitcoin Discussion / Re: Paraguay to propose Bill that would make Bitcoin Legal Tender on: June 25, 2021, 03:01:15 AM
Bitcoin will spread rapidly to Central and South America.
In Africa, Tanzania is poised to be the first country to follow this trend.
Gradually, Then Suddenly.
9  Bitcoin / Bitcoin Discussion / If Whale hoards bitcoin, will the market run out of BTC to buy? on: June 24, 2021, 06:30:10 AM
Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?
10  Bitcoin / Bitcoin Discussion / Re: Is China a fool? on: June 24, 2021, 01:00:04 AM
I heard that China seems to be launching its own country’s digital renminbi. Perhaps this explains why China has issued various policies to prohibit bitcoin transactions and mining. They are the people who control their own country and want to replace bitcoin with digital renminbi. This is impossible, but they did it, but the trend of Bitcoin is unstoppable, and this approach is doomed to fail.
11  Bitcoin / Mining / Re: Chinese Bitcoin Mining Company Delivers First Machines to Kazakhstan on: June 23, 2021, 07:11:38 AM
This is not good from energy mix perspective. The region of Sichuan was using energy from Hydroelectric (renewable). This will mostly move to dirty energy sources.
Coal represents around half of Kazakhstan's energy mix (50% in 2018), followed by oil and natural gas (both with 25% shares).
12  Economy / Trading Discussion / Stop losses on: June 22, 2021, 06:17:50 AM
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
13  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: June 21, 2021, 06:01:46 AM
El Salvador want to escape from the control, and choose the encryption currency, it is a good thing for the country, and also for the same other country opened the pioneer of fate, if el Salvador after use COINS to pay for the country's fiscal, financial pratt &whitney, investment, tourism and other fields has a positive meaning (this may take years), Then more countries with the same fate as El Salvador will enact corresponding Bitcoin laws, which is a milestone for the application of Bitcoin.
14  Bitcoin / Bitcoin Discussion / Re: Why some millionaires hate Bitcoin? on: June 21, 2021, 01:54:51 AM
Bill Gates and Warren Buffett and Elon Musk are two different kinds of people, although they are both rich. Bill Gates, we can call him "the ball guard", you see what he does with his wealth, whether it is to go to Africa to cure diseases or in the United States to enclose land to improve the soil environment, nothing but to their own power to delay or even improve the human on the earth has been on the verge of collapse of the living environment, to make the earth a better place. If you look at Elon Musk, we can call him a "ball pie", whether it's building cars or investing in Bitcoin, it's just a way for him to make money. He just wanted to amass the wealth to develop rocket technology so that he could aggressively push his plans to leave Earth and land on Mars. Musk has found that Bitcoin is the most efficient treasure bank in the history of mankind, and that by tying it to him, he can greatly advance his goal of landing on Mars, so he has put a strong stand on it. Bill Gates, on the other hand, believes that Bitcoin has no value for human beings. It can neither promote the development of science and technology nor improve the living environment of human beings. It only consumes a lot of resources, so he firmly stands on the bearish side. So they're opposites.
15  Bitcoin / Bitcoin Discussion / Re: What is really the value of Bitcoin? on: June 19, 2021, 01:27:12 AM
Most longer term predictions are made using some kind of metric or model. That's a vague statement, because each analyst tends to use something different.

One analyst uses a stock to flow model, and that particular one gets a lot of attention here. Another one uses a "% of total deposits into assets with similar purposes" kind of model, for example if Bitcoin envelops 5% of all stores of value like gold, bonds, real estate, etc. Some use technicals, such as extending previous price history. There are others, but I don't really pay attention to any of them.

Regardless, analysts should tell you how they derive these predictions. If they don't, you should really ignore them.
16  Bitcoin / Bitcoin Discussion / Re: Reasons to Invest in Bitcoin?? on: June 18, 2021, 06:46:30 AM
Bitcoin is the only currency that allows you to make realistically fast payments while holding it and appreciating rapidly every month and every year. Looking at fiat currencies around the world, none of them has the characteristic of long-term appreciation, which only makes consumer holders and investors feel that their money has less and less purchasing power.
17  Economy / Speculation / Re: Will China's crackdown on Bitcoin cause Bitcoin to become worthless? on: June 16, 2021, 06:05:42 AM
Judging from the historical trajectory, every blow will cause panic, but in the end it is to make Bitcoin go further and rise more fiercely. , Bitcoin is internationalized. Every policy, not only domestic, but every country’s blow will have more or less impact. After all, it will affect the national currency. But as the United States prints money uncontrollably, Bitcoin Coins have become a tool for people to avoid risks. If you check the number of Bitcoin addresses, you will find that the consensus is high enough and there is no need to worry about Bitcoin prices getting lower and lower.
18  Bitcoin / Bitcoin Discussion / Re: Tesla no longer accepts Bitcoin payments on: June 16, 2021, 01:59:28 AM
In a sign that he still has a strong hold on the Bitcoin market, Musk tweeted that Tesla would resume accepting bitcoin payments once it was confirmed that miners could embrace positive future trends and use (around 50%) clean energy appropriately, which pushed the bitcoin back up to $40,000.
19  Bitcoin / Bitcoin Discussion / Re: How much bitcoins was lost permanently? on: June 10, 2021, 09:09:51 AM
According to the statistics of professional organizations, the total number of bitcoins in bitcoin wallets that have been inactive for more than 5 years is about 4 million-it is not certain that these wallet keys are lost, but it is reasonable to guess that most of the keys are lost Up!
20  Bitcoin / Bitcoin Discussion / Re: Will energy consumption be Bitcoins downfall ? on: June 05, 2021, 08:39:26 AM
As for the shortage of energy in the future, it is not only blockchain technology that consumes a large amount of energy in the world, but also big data technology. If you want to combat the culprit of energy consumption, you can't just hold onto the blockchain technology. Moreover, only considering the energy consumption of blockchain mining is obviously not comprehensive. Google information security engineer Marc Bevand believes that miners' demand for energy will stimulate innovation in the field of renewable energy, and blockchain technology is likely to promote the demand for clean energy.
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