I bought Bitcoin because Bitcoin enables individual humans to have private property that is truly under their control in this highly information-based, centralized, and regulated society, and this private property can also be stored and transferred very conveniently.

Even if the bill doesn’t pass, this still makes me happy seeing crypto even being considered for legal tender status. I’m excited for this kind of exposure!

Sorry for the noob question but if the mining goes on outside of China, isn't that a good thing? At the very least, there is the semblance of law and business rights. Also, if China bans mining, wouldn't that increase the scarcity?
Again, not a veteran. Just wondering why the negative sentiment?

If you're holding you shouldn't use a stop loss. Too much volatility and you'll get stopped out, usually right before a run up. Stop losses just ensure the market makers know exactly where they need to drop the price to take your sats from you. Don't give them up so easily. Only you care about your future, they sure as hell don't.

The best result is that after about ten years, gold will plummet for some reason, regain its industrial status, completely lose its hard currency status (including all precious metals), and fiat currencies will depreciate due to the economic crisis, and only virtual currencies will become Bitcoin is the dominant currency in the hard currency that can allow all mankind to reach a consensus.

Because Bitcoin has value because it is valuable as a form of currency. Bitcoin has the mathematical characteristics of currency (persistence, portability, interchangeability, scarcity, divisibility, and easy identification) rather than relying on physical characteristics (such as gold and silver) or the trust of the central authority ( Such as legal tender).

Noob here. Even if some places accept Bitcoin, the price is still quoted in dollars? Bitcoin's value per say is in US dollars, a fiat currency subject to inflation. If we remove the value based on the dollar, then is the price of Bitcoin just based on supply and demand?

I also hear people like Cathie Woods and analysts at JP Morgan say Bitcoin will reach $500k or $140k respectively. I understand for stocks you can look at financial statements and make valuation models to calculate target prices, but for Bitcoin, is the value based on the scalability of network?

Because they don't have Bitcoin in their hands. I don't want to exchange my wealth for Bitcoin. If you publish promising information, it may lead to currency appreciation. If it really rises, it needs to be bought at a higher price. What does it mean? His wealth was plundered!

From a technical point of view, it's okay to explicitly ban bitcoin transactions in a country. Bitcoin transactions do not depend on a centralized state, but on all the nodes of the Internet. The state can be regarded as the central authority and can stop its own transactions, but cannot stop other nodes from continuing to operate. From the perspective of interests: according to the attack of 51% computing power, it can hinder the correctness of the receiving data of other nodes. However, the cost of use is too large. I have asked the people in the mine, and based on the current block size, it would cost billions or even billions of dollars to tamper with the data. The cost and purpose are not proportional. And digital currency cannot be banned.

I think Bitcoin’s advantage is much higher than other altcoins. It has the largest network effect, a very high degree of recognition, and a relatively complete technology. In short, the altcoin phenomenon is the product of greed and bounded rationality. They deserve nothing but scorn, and anyone who wishes cryptocurrencies to improve the world should avoid them entirely.

Many people don't really care about whether Bitcoin is a scam. They just want to get a sense of "I'm right" after expressing their opinions on something. They are poor people, a bunch of poor people who talk endlessly but take care of him as soon as they get the money. Sometimes I feel that I have seen a lot in the currency circle, but I am often ashamed, because occasionally I am also one of those poor people. So I always remind myself that I can be constrained by my own insights, but I cannot stop reflecting and learning. Maybe I know a lot about the currency circle, but I'm sure I know very little.

In terms of value storage, I think Bitcoin has more advantages. As a long-term investment, Bitcoin is more valuable than legal currency. Legal currency may continue to depreciate, but Bitcoin will not. The number is getting smaller and smaller, and more people will choose to hold Bitcoin to maintain their value instead of fiat currency.

Bitcoin has the largest network effect, Bitcoin has the strongest network effect, and severely outperforms any altcoin in the competition. According to the Real Bitcoin Dominance Index, it occupies a dominant position of approximately 80% in the cryptocurrency market compared to its competitors. So this is why Bitcoin beats other currencies and has existed for twelve years.

Whether Bitcoin can become the mainstream currency in the world depends on the number of people who accept Bitcoin as a hard currency, and the number of Bitcoins that can match the development of the economy.

At the beginning of my contact with Bitcoin I think it is very difficult to understand, because it is completely different from the current fiat currency system, breaking people's traditional ideas, for me, the best entry level method is to see the white paper written by Satoshi Nakamoto.

You can buy some cryptocurrency for your children, and then tell them the wallet and private key when they become adults. As the children's first start-up capital when they grow up, I think this is a good idea.

Just imagine the amount of laundering with fiat money (offshores and other "legal" schemes)... There are evil actors in both sides...

Bitcoin is independent of the market and has nothing to do with the real economy. A well-known investor believes that Bitcoin is a "limited edition digital cultural relic". It is a cultural relics market and has nothing to do with other financial markets. It is a group of cultural relics lovers. Pleasure trading, "I do not deny that this matter itself is a market that will continue to exist, but now it has nothing to do with our real life." How can an item that has nothing to do with our lives lead to a financial crisis? ? All in all, Bitcoin is that people think that he is valuable and he is valuable. When people think that he is worthless, he will be useless. The financial crisis caused by the Bitcoin crash can be said to be very unlikely!

I think Bitcoin will return to its previous position, or even higher than before. When I bought Bitcoin, I regarded it as a long-term investment financial asset. I did not intend to trade and sell it in the short term. Drop it, because I believe that Bitcoin will not be affected by the market and the policies of certain countries.

Actually I don't really know until today and said the currency is a scam, if you think that the currency is a scam, why will you stay in the currency BBS posts, this is to my very confusing, the currency compared to other investment projects have more advanced technology as the support, and he was decentralized, is not worried by the manipulation of some people.