I want to ask everyone, can adopting bitcoin help a country's economy? especially countries that are experiencing bankruptcy, for example, as experienced by our brothers in the country of Sri Lanka.
but if my think can! a country by adopting bitcoin will help its economy, as long as it is adopted on a large scale.
for
Bitcoin was never invented as a builder of any country's bad economy from going into inflationo/recession, so don't expect that, but rather Bitcoin can save your funds from losing value, since its a currency whose value likely to increase over long period of time, and as such, whoever invest in Bitcoin today is likely to reap a good sum as time goes on. Bitcoin was born in 2009 towards the end of the great recession that started In 2007 and ended in 2009 to help solve the economic crisis experienced then due to money printing that resulted in a high inflation rate that destroyed various country's economy as at that time. Bitcoin from that time has become a hedge against inflation because you can't print as much as you way want. You both all have to come un concession on the major reason why bitcoin was created first, after knowing this, then you will realize about some other opportunities that may comes in through this bitcoin adoption for the people and government to have, bitcoin is a currency, but yet can be use as an asset, investment and exchange means, if through all these mentioned we have more attention on bitcoin for adoption, opportunities like developing a delapidated economy could set in, employment opportunities, financial independency, privacy, trust security and lots more that could ease the development of any country if bitcoin is adopted and permitted for use, these are different channels and dimensions through which we can have the importance of bitcoin being applicable for man use. yes, bitcoin has many benefits, especially for people who understand bitcoin and also know the risks of investing in btc, and I think if people already know the knowledge about investing in bitcoin, it has great potential for profit and to be honest, I personally have felt the benefits of investing in btc, and my economy and my family are now getting better because my income has increased because of investing in btc and my family are all investing in btc , and I am lucky to live in my country where the government allows people to invest in btc, but the government of my country prohibits btc from being used as a means of payment. |
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I think this is a good topic and the story is also good, yes indeed we as btc investors don't hurt to tell people about bitcoin, yes, maybe at that time he was not interested in investing in btc, but there are times when he will also think and search know more about the knowledge and how to invest BTC properly, such as via the internet and so on and for sure sometimes it takes time to be able to receive BTC.
In my opinion, telling other people about BTC is a good thing as long as there is no coercion, but we also have to be anonymous, so that no one knows about all of our assets so that there are no unwanted things, such as crime and so on.
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Best is to have both.
your explanation does make sense too, because if we had both of course it would be even better, but what the op asked in my opinion is this, why do people prefer btc over gold? yes, personally, of course, I prefer BTC because investing in BTC can potentially get large profit, but if investing in both, namely BTC and gold, of course it's better because we can potentially get maximum benefits. |
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in my area, most parents rarely understand about bitcoin, but I also explained about bitcoin to parents because he asked me and was curious about what bitcoin is, and finally I explained it and finally I was able to explain btc to the parent. but I think in this case we can explain btc to parents as long as he has the will to learn it.
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today i saw the price of btc going down and i also think that this is an opportunity to accumulate my btc of course i take advantage of this opportunity, and i don't miss this opportunity and i use the dca system
in buying btc, and I hope you also use a friend's dca system in making purchases.
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This applies in general to everything about which people do not have a full understanding. You can say this about any service, about any cryptocurrency, about any asset, about any way of earning, not only about BTC.
When it comes to bitcoin, when first introduced to bitcoin, people most often think it's just a bubble, a ponzi scheme, and a dark web payment facility.
With even more familiarity, many tend to think that bitcoin is not backed by anything, it is harmful from an environmental point of view, and in general it is a speculative high-risk asset subject to manipulation.
And only when you study all the features of bitcoin do you understand that it is a low-risk investment asset that always grows historically and that owning it for many years brings you a good profit and allows you to hedge against inflation and other macroeconomic risks. And that this is a good storage value in the long run.
I agree with your opinion, and indeed people who don't know about btc will definitely consider it a fraud and so on, and indeed not only in the world of bitcoin, in anything people will definitely think so because they don't understand. but in my opinion making btc as a store of value is indeed very suitable and even has the potential for big profits in the future if the price of btc continues to rise, but of course it is very risky because btc has a fluctuating. |
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I think regardless of whether the year was bloody for bitcoin (Which it is), bitcoin is still deemed to recover due to its cyclical nature for profit. There's a plethora of reasons as to why this is the case but all of it is really pegged on the fact that bitcoin's total circulating supply is slashed midway (we call it the halving) every 4 years or something, which pumps the value of the coin drastically by means of scarcity. The next halving wouldn't happen til 2024 though, so as of now I am not really confident that bitcoin will rally upwards this year, unless something monumental were to happen.
In 2024 there will be the halving as you mentioned, but also there's another event that will happen in 2025 and is not really being discussed too much. The BIS (Central Bank of Central Banks basically), will allow central banks all around the world from 2025 to have up to 2% of their reserves in Bitcoin. Source: https://bitcoinmagazine.com/legal/bis-finalizes-bitcoin-bank-limitsNow, that's an interesting thing. Because there will be a massive increase in demand, paired with the reduction of new coins being mined. yes, now it's August 2023 and I personally can't wait for the btc halving in 2024, and hopefully during the next BUL RUN the btc price will be higher than in 2021. indeed there is always a lot of drama going on in the world crypto but I see the btc price is still very good for now.I hope this year won't be a bloody year, and I hope that at the end of this year the price of BTC will up. |
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in investing in crypto certainly requires a hard struggle and not everyone is successful in crypto because there are losses and there are profits, but in my opinion the success of people investing in crypto is very difficult to measure but what is certain in my opinion is of the characteristics of a successful person in crypto are those who benefit from their investment in crypto.
may we all benefit from investing in crypto and be successful.
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, and in my opinion most people investing in btc are just looking for profit.
yes, indeed the goal of most people buying bitcoin is to make a profit, but of course there are also people who buy btc with the aim of store of value, and I personally also buy btc with the aim of making a profit. if store value I think gold is suitable as a store of value, but if btc in the future the price rises of course storing value in btc will be more profitable compared to gold but yes in this case it's up to the person who buys and because everyone has different opinions . |
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Yes, of course everyone has their own favorite altcoin, and of course we hope that when the bull market the altcoins that we hold go up and the altcoins that I currently hold are quite a lot but currently the number of altcoins that I hold the most are:
1: MATIC
2:ETH
3:BNB
4:GXCHAIN (GXC)
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You have a good teacher giving you a cell phone so that you can make good use of your cell phone.
I think your teacher is a BTC investor I think you can add knowledge about BTC to him, by investing in BTC of course you can potentially get profits in the future, provided you also have to be prepared for the risk, because we won't know the price of BTC in the future front. By using half of the money you have from your hard work to invest in btc, of course that is a good thing because investing in btc will be very good if you use idle money.
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sometimes there are times when investing in btc experiences losses, and I'm sure many people have experienced losses in investing in btc, and in the end they can become successful because they learn from experience or are taught by friends or relatives or learn via the internet and so on.
indeed, in investing in btc, knowledge must be prioritized and investing in btc due to lack of knowledge will have the potential for loss, so it is true what you said op, namely that knowledge and knowledge must be prioritized before investing or other businesses.
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I think bitcoin is for everyone, but not everyone is suitable for investing in btc, for example, people invest in btc but lack knowledge which ends up suffering losses because as we know the price of btc fluctuates, so btc is very suitable for people who invest their funds in btc using money that is ready lost. so basically investing in btc is perfect for people who know about btc and know which money is the best to invest.
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Hope he know about bitcoin already before you will hand over the gift to him, so that he won’t lose the bitcoin to scammers. Also now that he is facing challenges in school, don’t you think it will be better if you just gift him money so that he will use it to take care of his academic, if you gift him the bitcoin, do you think he won’t sell it when he is in need of money in school?
I think in this case the op really has to do research whether his friend has knowledge of btc or not, but as op said, his friend likes btc, so indeed in this case the op has to find out where his friend's knowledge on btc is, so there's nothing wrong if the op gives btc gifts to his friends, provided that the op has to find out how far his friend's knowledge of btc is. but of course in this case the decision is up to the op. but I think giving btc gifts is a unique thing because very few people do it. |
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currently Ethereum is still leading the altcoins as it is still in the rankings
2 on cmc, and ethereum is the most popular altcoin for now but of course we won't know for the future. but in this case everyone has their own altcoin which is held and relied on like the top 10 altcoins at cmc. In my opinion, the way to invite you to invest is not good, because everyone has their own right to make their own choices.
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it seems that if you mine you have to have very large capital and you have to have a lot of knowledge, personally I prefer to just buy btc because I don't know much about mining, if you buy you just have to think about the strategy and the right time to buy it. because in my opinion the most important thing is to benefit from investing in btc, such as buying in a bear market and selling in a bull market.
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