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It is at the moment silly to compare gold and bitcoin. Gold - an investment for storage of the capital. Bitcoin - investment for earnings.
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If at you is the capital which you want to invest in the perspective sphere - that it is unambiguously necessary to be engaged in a mining. But at the same time it is necessary to understand that for really productive work very big financial investments are necessary.
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Use of cryptocurrencies means that the bank loses a part of the profit. Haven't used the credit card - the bank hasn't got profit.
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The main international currency bitcoin not to become so far it will be so strongly volatile. And here is how the way of investments will only prosper.
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In India have probably quickly thought that it is better to resolve and receive a part of profit at the expense of taxes, than not to receive at all anything.
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In advance made list of necessary things and strict maintenance of planned allows to avoid excess expenses.
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when prices suddenly fall and everyone panic sell, it will make a big dump. when prices fall, try to stay hold, or if you still have the capital, buy again to be able to pump prices in the market.
Of course, if know that the price will fall even below, then it is better to sell even at the price below that on which now has bought then to redeem at lower price again. |
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I think, cash will never be able to go extinct. Most people buy and sell using cash. Only those who participate in the new crypto use electronic money to buy and sell Just the majority uses credit cards for a long time, and applies cash only in those places in which haven't managed to connect reception of electronic payments yet. |
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The competent company always tries to be in a trend. Especially if this company makes modern electronics.
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Some banks claim that bitcoin is not the answer to a cashless society. What do you guys think?
Going cashless is the future, right?
Of course isn't the answer. The bitcoin is an alternative way which in difference from usual virtual money it is impossible to create infinite number. |
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I think that the bitcoin plays not for so much important role in economy as we would like. Very important in technologies and at the level of individuals, but not at the level of the state.
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Many people store the savings in US dollars or in Euro. So why not to invest in currency which will be supported with the state?
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The holding of bitcoin is relevant for those who wants long-term investments without excess labor costs. Though naturally it will make for less profit than purchase \sale.
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Everyones hasn diferent beliefs about money and wealth. See for example 35 different ways of thinking about it here: https://daringtolivefully.com/powerful-beliefs-about-moneyOne famous author, not my favourite, yet an influential one is Robert Kyosaki. In his book "Rich Dad, Poor Dad", he examines two different beliefs and states that those believes will shape your success. What of these do you agree with? What other beliefs do you have about money? 1 - Millionaires are greedy, that is why they become millionaires. 2 - Company managers just want to use the workers to make themselves rich and others poor. 3 - Having money is a question of luck, if not of "gods grace". 4 - Debt is always bad. 5 - To make money, you just need to have a great idea nobody thought off. 6 - Cryptos are the way to make money and be successful without having to put effort into it. 7 - To become rich I just have to believe in Bitcoin because many people have become rich doing that. 8 - To become rich I just have to be more clever and streetwise than everyone around to get my share of the cake. Your turn to think ... (EDIT: These are NOT my beliefs, at least not necessarily, is just a list to think. Is not the list by Robert K. either.) On all questions it is possible to give two completely opposite answers. All this individually also depends on a concrete case and the specific person. |
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It is possible to crack anything, a question only in profitability of an action and chances to be caught.
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Probably in some countries they will reduce usage of cash, but it won't lead to its extinction. I personally see no reasons to exclude cash from our everyday life.
But if it happens, we'll be under the total control.
In it there is also one of the reasons for transition to exclusively electronic payments - control. The state wants to see how many you earn and what you spend for. |
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I have seen many ways to earn bitcoin, and still not familiar with some of it. I am a student and I wanna ask how to invest in bitcoin, and if students like me are capable of doing that already?
Please share your thoughts. Thanks.
Probably the simplest method - it is to participate in bounty campaigns, and earned from them to transfer to bitcoin. |
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The technology develops and gains popularity. Therefore the bitcoin will be relevant still very long time and will leave only replaced with more modern type of currencies at that time.
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For full transition to cryptocurrency there has to be very high technological level. Actually even beggars have to have a gadget with free access in the Internet.
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