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1  Bitcoin / Bitcoin Discussion / Re: Bitcoin as primary currency on: September 16, 2021, 03:48:47 AM
If bitcoin is legal in your country, you can use Bitcoin as the main currency. Otherwise, accepting bitcoin as the full salary is not a wise choice.
Although bitcoin is a very profitable asset, its price is unstable and volatile, and carries certain risks. Therefore, it is necessary to allocate funds reasonably, use part of the funds other than the funds needed in daily life for bitcoin investment and hold it for a long time, which can not only meet the daily life, but also make profits by investing in bitcoin.
2  Economy / Economics / Re: The volatility in the price of a bitcoin is falling over time, or not. on: September 16, 2021, 03:08:40 AM

As the Bitcoin consensus increases, more people will buy Bitcoin and the usage rate of Bitcoin will continue to increase, and the market will stabilize accordingly.

The number of bitcoins is fixed and limited. When demand for it increases, its value will continue to rise, and volatility may also decrease.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Stocks Vs Crypto, Which is Better? on: September 06, 2021, 03:15:54 AM
There are certain benefits and risks associated with investing in cryptocurrencies and stocks. With the development and popularity of digital economy trends, more people may be inclined to invest in cryptocurrencies. The volatility of cryptocurrency prices is an advantage for investors, who can benefit from buying and selling currencies through price fluctuations. And there are cryptocurrencies like Bitcoin that are suitable for long-term investment, which can get high profits as the price continues to rise.
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be more effective in the future on: September 02, 2021, 06:59:43 AM
Bitcoin has proven its value in the past few years of development, as the king of encryption dominates the crypto market.
The decentralization of Bitcoin brings people complete freedom, and users have complete control over their personal assets and will not be controlled by anyone.
As people generally recognize and demand Bitcoin, Bitcoin will be more effective and have unlimited potential in the future.
5  Economy / Economics / Re: Do you think financial stability is mandatory to be a gainer in Bitcoin invest? on: August 25, 2021, 03:45:23 AM
Financial stability is good for investment. When there are enough funds to invest, you can freely allocate funds for multiple portfolio investments.
Ordinary people need to consider whether the funds outside the investment can meet the needs of daily life when investing, they can only use a small part of their funds for investment. When they urgently use funds, regardless of whether they lose money, they must sell their investment assets, which will inevitably bear greater risks and losses.
While financial stability can have sufficient funds to bear market risks and the financial burden caused by holding for a long time, they do not have to worry about insufficient funds to sell currencies. They can also invest the remaining part of the funds on a regular basis, and eventually get more More profit.
6  Bitcoin / Bitcoin Discussion / Re: Do you still have thoughts of picking Gold over Bitcoin, read this. on: August 24, 2021, 06:40:04 AM
You can choose to invest in bitcoin and gold at the same time. Gold can obtain relatively stable profits. When the price of bitcoin rises, you can earn more. When the price of bitcoin drops, don't panic, let alone buy and sell blindly.
Gold exists in physical form, and it is an asset recognized by national laws. Investing in gold has relatively stable profits and less risk, and it is safer than bitcoin. And bitcoin is very profitable. Investing in bitcoin will get a lot of profits, and it can even double. But it is an asset with high volatility, the price is very unstable, and the risks that need to be faced are great.
7  Bitcoin / Bitcoin Discussion / Re: The use of Bitcoin as a local currency! on: August 24, 2021, 06:10:08 AM
Not all countries will choose to use Bitcoin as a legal currency to replace traditional financial currencies.
The high volatility of Bitcoin price cannot be used as a daily transaction currency, and the rise and fall of Bitcoin price will affect the original income. The transaction fees for small transactions and the long waiting time for transaction confirmation are inconvenient.
Bitcoin runs on a network system, and transactions must be carried out on the Internet. However, many countries lack Internet services in certain areas, and they do not understand the use of Bitcoin. There are also some countries that explicitly prohibit bitcoin transactions and do not allow the use of bitcoin to pay any fees.
8  Bitcoin / Bitcoin Discussion / Re: Bitcoin solving the problem of intermediary on: August 23, 2021, 04:04:41 AM
Compared with the traditional financial system, the decentralized nature of Bitcoin is not controlled by the government and central bank, and its transactions do not need to go through any third parties. So solve the problem of financial intermediary.Bitcoin adopts a common accounting method. Each node will participate in data recording and share it with others at the same time, so as to obtain a complete data and ensure the validity and authenticity of the data.

Bitcoin's consensus network mechanism eliminates the need for third parties and enables fast transactions, and its users completely control assets for easier transactions and barrier-free delivery.
9  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin increase wealth equality? on: August 23, 2021, 03:41:35 AM
Bitcoin has changed the traditional financial method and provided the public with more investment and income opportunities.
Bitcoin's decentralization will not be controlled by any third-party system, and it can completely control the ownership of personal assets and realize the freedom of wealth.
Bitcoin has brought some opportunities for investors to get rich. Many new users see the benefits of Bitcoin and choose to invest in it. Long-term holding will make a lot of profits. It will also make rich people who have previously made a profit by investing in Bitcoin and holding them for a long time become richer. Bitcoin cannot achieve absolute wealth fairness, but it will enable more investors to achieve wealth freedom.
10  Alternate cryptocurrencies / Bounties (Altcoins) / Re: {Open} Escrow Protocol Signature Campaign | 4weeks | $12,000 Escrow, BNB bonus. on: August 21, 2021, 09:52:27 AM
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11  Economy / Economics / Re: What is the nature of the value of Bitcoin? on: August 18, 2021, 08:37:45 AM
The essence of value is consensus. On the basis of this consensus, users participate in the creation of digital wealth in the digital currency era. The bitcoin consensus group is growing, and the wealth of the group is also growing.

Consensus is valuable. As more and more people trust Bitcoin and strengthen their consensus, Bitcoin will become more and more valuable.
12  Economy / Economics / Re: Bitcoin is the new gold standard of the future on: August 17, 2021, 06:44:59 AM
Bitcoin is an asset that establishes a monetary system, and it is the basic currency of the future.
Bitcoin is not issued by any government agency or bank, but generated by the calculations of individual network nodes. Anyone can make and buy bitcoins, making it completely free from national boundaries and can be circulated all over the world.
Bitcoin has undergone many positive changes, and it may soon become a reliable and long-term storage method with gold. The growth and changes of Bitcoin make it more inclined to become digital gold, and it may lead the natural evolution from legal tender to digital currency. Make cryptocurrency an investable asset that can go hand in hand with gold, or even surpass gold.
13  Economy / Economics / Re: Cryptocurrency: The Future of Finance in a New World Order? on: August 17, 2021, 03:55:30 AM
Money will be removed and replaced with a digital currency system.
Fiat currency will not be completely removed.
Blockchain technology is the future. As the blockchain provides more options in the future, it will witness the faster development of new integration with existing technologies and the introduction of newer technologies. People are more and more aware of the potential of encryption technology. People can participate in a completely transparent and permissionless financial system without any central agency or government, allowing users to participate in a more effective and fairer reward distribution system.
A fairer and more inclusive decentralized economic model is gaining appeal in the whole society. Encryption will democratize the creation and transmission of value, and it is gradually integrating and changing everyone's life. Cryptocurrency is vital to the future of the global financial system.
14  Bitcoin / Bitcoin Discussion / Re: Think about the "decentralization" of bitcoin from seven different aspects on: August 16, 2021, 03:22:27 AM
Bitcoin is a decentralized encrypted digital currency system that is completely separated from the bank and only relies on the Internet to operate.
The decentralization of Bitcoin makes it no longer dependent on the central processing node, and realizes the distributed recording, storage and update of data. Let everyone have the account data of the entire network, can participate in verification and recording. It breaks the monopoly of the third-party intermediary structure or the endorsement of trust institutions. All nodes must form a consensus in a completely open and transparent manner, and everyone should keep accounts together to ensure the accuracy and security of the ledger.
Bitcoin runs on a network system, and its issuance and transactions are all decentralized. In the Bitcoin system can truly control personal assets instead of indirectly controlling money through the bank. Bitcoin's decentralization is the first in human history to use technology to ensure the sacred and inviolable private property.
15  Bitcoin / Bitcoin Discussion / Re: The use of Bitcoin as a local currency! on: August 16, 2021, 02:44:28 AM
Everyone on the forum knows what Bitcoin is. We already know that many countries have removed this currency from the ban. I mean, will all the nations of the world use Bitcoin as a currency?

The popularity of Bitcoin is far from enough, and there is still a long way to go before it becomes a world currency.
Most countries in the world are cautious about Bitcoin, and there are still many countries that oppose the use of Bitcoin. Bitcoin still has a very high threshold, and the government cannot track transactions that manipulate Bitcoin.
And the price of Bitcoin is very prone to large fluctuations, which are very rare in legal tenders, so Bitcoin is not suitable for becoming a world currency.
16  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin anti-inflation? on: August 13, 2021, 09:27:22 AM
The so-called inflation refers to the instability and inflation of currency value caused by the central bank printing a large amount of currency under the conditions of currency circulation.

Bitcoin has a large amount of computing power, is anonymous and has strong hedging properties. And its limited supply will not be issued randomly like national legal currencies, Bitcoin can effectively resist inflation.
17  Economy / Economics / Re: Out of control and rising: why bitcoin has Nigeria’s government in a panic on: August 12, 2021, 08:02:43 AM
Bitcoin can get rid of government control.
  • It is limited in quantity and scarce, and will not increase its issuance.
  • It can conduct transactions in countries around the world without permission by using Bitcoin.
  • Because it runs in a secure network system, as long as you don't reveal your key, no one will seize the wealth.
Authoritarian governments like Nigeria do not believe in freedom, so they try to manipulate and control Bitcoin and cryptocurrencies.
When people in Nigeria sought financial freedom through Bitcoin, the government gradually realized the reality that cryptocurrency could not be effectively prevented, and the government would lose control of money. When the government no longer has the ability to obtain more benefits, all governments will panic.
18  Bitcoin / Bitcoin Discussion / Blockchain is the catalyst of the fourth industrial revolution on: August 10, 2021, 10:02:58 AM
Nowadays human beings are undergoing a major technological change after the Internet, and society is entering the so-called fourth industrial revolution. And with the emergence of Bitcoin, blockchain is one of the most important technological breakthroughs in the 21st century.
Blockchain is a distributed ledger that uses encryption technology. It has the characteristics of being distributed and immutable. Artificial intelligence-based projects can store data in multiple systems and achieve seamless access through decentralized blockchain technology. In order to be able to continuously analyze data under the strict protocols required to achieve the desired results, artificial intelligence analyzes large amounts of data by allowing data to be correctly layered and shared, automating ordinary processes and bringing them to the forefront of the times efficiently. Blockchain can process data in an environment protected from external interference, and data ownership and order must not be tampered with. This can complement artificial intelligence and solve many of the trust issues facing humans. The development of blockchain technology can also provide users with a decentralized platform, allowing users to realize the realization of their own data, and it can also play a better role in data protection.
Today more and more professionals in the market believe that artificial intelligence and blockchain play a role by analyzing large amounts of data and solving problems in specific industries. At present, mankind seems to be entering the fourth industrial revolution of the combination of blockchain and artificial intelligence.
Do you think blockchain and artificial intelligence will lead the fourth industrial revolution?
https://news.todayq.com/analysis/is-blockchain-the-fourth-industrial-revolution-after-artificial-intelligence/
19  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a safe haven? on: August 10, 2021, 08:33:46 AM
Bitcoin is a safe haven and a venture capital.
The crypto market is unstable, and the characteristics of Bitcoin itself still have risks. It has the same characteristics as stocks or other venture capital. When the market enters the hedging mode, some people buy it as a safe haven asset, while others lose confidence and sell it to reduce risk.
But in the period of inflation, Bitcoin will be the best currency choice and the most complete storage method. Bitcoin is limited, and it will not increase inflation caused by government control. It will be the best safe haven during the crisis itself.
20  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin in the highest level of trust? on: August 10, 2021, 07:42:04 AM
Bitcoin is the most reliable encrypted digital asset, it is built on the blockchain. The blockchain itself is algorithmic trust or distributed trust, which achieves a system trust through a decentralized way, and realizes the free circulation of value.
Quote
Once you understand Bitcoin, you will begin to understand everything else. Then you will understand how subtle this system is. Once I believed in Bitcoin, I began to believe in my freedom. We deserve freedom because we are born with this freedom. No one is born to be owned by others. Bitcoin allows us to regain our freedom.
Bitcoin is completely open source and decentralized. No organization can control Bitcoin. Its trust does not come from the endorsement of a third party, but the recognition of the consensus mechanism by all participants. Any node can enter freely, compete for the right to bookkeeping through computing power, rely entirely on proof of work to create credibility, and realize the common bookkeeping of the entire network. In the blockchain network, through the self-restraint of the algorithm, any malicious deception of the system will be rejected and suppressed by other nodes. It protects asset freedom, and makes it more valuable and trustworthy.
 
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