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Bitcoin / Bitcoin Discussion / Re: Bitcoin Politicians in US
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on: September 21, 2021, 07:02:11 PM
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Looks good. Sounds good. But if bitcoin would want to make you support a politician, I'd suggest you look beyond what you see now. Bitcoin shouldn't be a determinant is all I'm saying.
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Bitcoin / Bitcoin Discussion / Re: Bitcoin or Gold: Superiority
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on: September 19, 2021, 07:28:42 AM
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Gold might have been the surest investment years back but it's certainly bitcoin this days. There are no investments without risks. Investing in gold has it own risk just as investing in bitcoin does. I think the only difference between these two is that one is a natural resource, looks like it'll be around for years while the other, a digital currency has the support of most youths. All the same bitcoin has it when it comes to investment.
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Bitcoin / Bitcoin Discussion / Re: Why Do Young Investors Prefer Cryptocurrencies?
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on: September 17, 2021, 08:14:14 AM
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It's quite simple. Cryptocurrency is the talk of the age, less stressful and looks promising. All you need to do is buy a crypto coin, say bitcoin and hold it till its appreciates. No paper work, no age barrier and you can determine whatever percentage you want too. While the old are rigid and would stick to the old ways of doing things, young people are daring and flexible in their thinking.
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Other / Beginners & Help / Re: Crypto becoming less and less anonymous
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on: August 30, 2021, 10:54:54 PM
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I think crypto becoming more and more less anonymous is a good thing. It means more people will be to k ow about crypto and will probably invest in it. Others might as well adopt is as a means of transactions, making payments and all. But since every new move comes with disadvantages, one can not totally conclude it a good thing.
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Bitcoin / Bitcoin Discussion / Re: Cuba 🇨🇺 regulates the use of cryptocurrencies for commercial operations
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on: August 28, 2021, 11:44:41 PM
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While the adoption of cryptocurrency for commercial transaction is great, the government trying to monitor these transaction isn't such a greats idea. Besides, most crypto currencies are decentralized. It either the commercial operators are directly monitored or there's another plan in place , probably not know to us yet. Either ways, it'll be made clear soon.
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Bitcoin / Bitcoin Discussion / Re: Bitcoin as primary currency
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on: August 28, 2021, 09:30:52 AM
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I don't think holding 80% of your salary in bitcoin is a good move. Considering your daily needs and how to go about getting them met.
I think what you should do is get your salary in whatever currency you use and invest a reasonable amount in bitcoin. Start small, risk little. Bitcoin should not be your primary currency, at least for now.
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Economy / Trading Discussion / Re: Do you want to quit trading ?
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on: August 27, 2021, 08:50:19 PM
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I don't think I'll be quitting trading anytime soon. Of a truth, trading has risk, but it also has benefits. If we quit because of the risk, we will never enjoy the profit. We don't get to make profits everyday but we can try. And I believe one get better at trading by trading more. As you gain more experiences you become smarter. This does not guarantee wins tho.
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Bitcoin / Bitcoin Discussion / Re: worst case scenario for cryptocurrency
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on: August 26, 2021, 02:39:59 PM
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Firstly, I really don't think governments can come together to agree on one currency. And technology is fast evolving we almost cannot determine how it'll go or what it's future is like. But I think we can be prepared for whatever is to come.
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Bitcoin / Bitcoin Discussion / Re: Paypal in the UK adds crypto trading
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on: August 24, 2021, 07:53:32 PM
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I believe this is a step closer to making crypto currency acceptable and generally accepted means of transaction globally. Hopefully, other payment platforms will adopt the same method. Imagine having crypto currency as the most used means of making payments and buying stuffs.
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is reconstructing the world
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on: August 23, 2021, 08:12:04 PM
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Well, every innovation comes with consequences whether positive or negative. Bitcoin comes with a lot of benefits, but this does not rule out the disadvantages. While a lot of people can amass wealth through investment in bitcoin, it has brought about greed and a whole lot more. Yea it has done much benefits for people, brought about ease in transactions, investments, savings and even spending.
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