things that are common in every government decision taken will cause pros and cons, causing chaos at the beginning. but in the end I think it is the power of the government that will overcome this, because the people of course have to obey the rules that have been set. I think continuing this decision is a good path, and will eventually get used to everyone to use bitcoin
Not like that... In a democratic country, people have the right to protest against decisions taken by the government (but peacefully). And for those who are saying that the government should have conducted a referendum - back in 2001, when the government decided to make US Dollar as the legal tender, there was no referendum being done. No one complained about it back then. So why anyone should be having a problem now? And back then, it was replacement of Salvadoran Colon by the United States Dollar. This time it is not replacement, but the addition of another option. That is how greedy people can be sometimes. I believe back then they believe that the US Dollar was going to continue to be like the US Dollar  but unfortunately, that is not the case and I believe what you said, it is not a replacement but you can choose to use which ever one that is ok with you, so I strongly believe that this action is backed by some person(s) and I believe this too will settle. |
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If there's KYC, I don't like the idea anymore. Satoshi never mentioned in the whitepaper or in any of his posts or emails that we should agree with KYCs. In fact, Bitcoin as a currency is totally against anything that has to do with revealing one's privacy. Take a look at Satoshi whose identity is also hidden to prove the need for privacy. However, many people got into Bitcoin because of making gains and never had the time to think through about the main feature of the currency. I may have done KYC in a few exchanges but this is because some of us were led by investments. Eventually, most of us are now seeing the need for privacy.
Before investors uses bitcoin for sake of privacy, but now due to government stricter implementation on exchanges to avoid AML problems and scam exposures they require many platforms to do KYC, as crypto tends to become more popular the risk of using it in doing illegal and engaging ing money laundering is at high risk so we can’t blame the government, however we should do our part to study what were using and report platforms who are requiring KYC with no valid reasons or seems questionable platform with issues. We can’t get away with KYC but atleast we do it on a legit platform. KYC has become a thing of the day even on this platform, don't we see projects that come in here to advertise their projects and make bounty hunters do work for weeks and some time months, and when it is time for payments turn round to request for hunters to perform KYC that was not initially requested before the work started? and most of these projects are managed by some Big accounts that were supposed to kick against that type of action by project ownners? You would realize that sometimes, investors even when they know the importance of not KYCing don't have a choice and would rather take the risk even with these exchanges too. |
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will these conditions last longer and better in the future?
I believe strongly without a doubt that the future is looking good for btc. As predicted, more individuals and businesses around the world have seen the light of btc shinning at a distance and how brighter the future is as we progress. Btc is already performing better this new year than it did last year and progressively, it will continue to perform and more individuals and companies will definitely join the moving train. I strongly believe this too and I think going into the closer future, Bitcoin will continue to gain more attention and adoption globally but my worry in regard to the same question posted by OP is when the whole of Bitcoin has been mined, what will be the price catalyst then? I do understand that this is still a long time from now some time in About 119 Years That said, I believe if Bitcoin will continue on its current pattern of price growth before then, we can only imagine what the price of 1 BTC could be. |
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Question
The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.
How do you feel about this?
You are right about Gold being around for thousands of years and have been at the forefront of investment for most investors until the emergence of Bitcoin and has taken over that sport. Bitcoin V Gold back in 2010  Same 2021  You will see the difference in profits between the two entities if you have invested in Both with the same amount over the same years Source Bitcoin vs. Gold See the percentage difference increase between the two over the years and realize this might just be the case forever and think whether you are making the right choice investing in whatever you are investing on. I know I will keep 70% of my investment too in Bitcoin. |
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I am Bitcoin enthusiast speaking frankly and making btc investments despite the prices fluctuations as main aim is to hold for long term.But I really feel how the people still ignore btc importance and only make claims it's good investment source and not investing in Bitcoin at this time also.The people keep on carrying on the same mistake and then regret afterwards.The current and past scenario of Bitcoin has been like this : Bitcoin falling below $30k : People it's going to be dead and it's bubble and those who have invested panic sell Bitcoin again pumping to $50k : People say we have missed the boat again The people who takes the boat in between this time are going to profit journey not the spectators just speaking about it from offshore.I don't know what they think and speaking abruptly who the hell ask you to go for one whole Bitcoin as making investment is good with whatever you are willing to do so and later on you can carry on with Dollar cost averaging method to invest. We have seen many cases people who have sold bitcoins early at $3-$5 or even at $200 also like the most famous pizza event for 10,000 BTC for two pizzas but they don't realize they ignore it and the prices keep on rising day by day going out of their range.Here is one such video which summarize this thing.We all know about Andreas Antopolous the author of "Mastering Bitcoin" and he has given some very good lecture on Bitcoin and always promoted it's adoption. Andreas Speech at $100See how the empty seats were then also at $100 and those who have given importance at that time and still holding on that investment now don't even panic with prices going to $20k also because they are still very high on profits. I am not an local marketing agent who is selling bitcoins to you for achieving my monthly targets to receive my salary but just wants to encourage BTC active participation and invest for your future because inflation is going to rob all your savings and exhaust them so it's better to put them in Bitcoin which will provide you some deflationary protection over time and increase your worth.Just an advice if not then make your move now as it's not too late. I believe that we will continue to see people in this category that will always talk and not invest because they feel they understand the situation which they don't. True people have thought that Bitcoin was going to die while the price was dropping and they still exist now because we saw even recently haw some people thought we were in the bear market when Bitcoin dropped in price the last couple of months. No matter how many lectures we give about Bitcoin, not everyone will invest in Bitcoin and there will always be those that will miss the train |
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Some people refuse to take profits when their coins and tokens are surging so high.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Since price can’t go up all the time.
I don't believe that greed is the problem. Didn't Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and Greedy when others are fearful.” So at a point in your Investment life, you have to be greedy to be able to make good of your investments but the problem for me in this regard is Investors lacking an understanding of the market. So, when you understand when to be Greedy and enter the market hard and also when to pull out, you wouldn't have any problem but when you lack the necessary knowledge of the market, then it comes off as Greed but it is actually the lack of market knowledge. |
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Bitcoin and Gold are both cool investment. You cannot fully blame those who pick Gold over Bitcoin because Bitcoin has a higher volatility than Gold. Some people prefer slow and steady than something that isn't fully stable. Imagine buying Bitcoin at $46k and then tomorrow morning it's at $43k. You may say it's not a problem because you believe it'll come back up but not everyone can handle it. Both investments have their advantages and disadvantages.
You are right. Investors have their right to invest in whatever Investments they see safe and some will still not come to terms with the fact that Bitcoin regardless of all the positive signs it has shown over the years, is still a good place to put their investment. People are wired differently and of course, that will have this effect on their investment mind. And as the poster mentioned, The higher the Risk, the Higher the Reward and for those that have been able to take that risk in believing in Bitcoin and Investing in it, the results have been there. |
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 A lot of speculation has been going on about Bitcoin surpassing $100k before the end of the year and as Decentrader analyst Filbfilb puts it, There’s nothing that can spark Bitcoin downside except a “significant bad news event,” SourceMore so, there are many more on-chain data pointing towards these Bull market highs from the latest data analysis that was collected by on-chain analytics firm Glassnode this week. ‘Remarkable’ on-chain metrics could spell Bitcoin, Ethereum bull market return — New report Your thoughts on where you think will happen in Q4 for BTC price action. |
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We saw threads where discussions sparked about how will the poor take the advantage of crypto and all of them limit their thinking to what will happen if BTC skyrockets. There were lots of great answers, but we have a different approach here in this matter. Even if the poor believe that they have missed the BTC train, why don't they spread their vision and look around?
We have:
+ NFTs (we know about one user who sold an NFT for $60k that he won for free - a life changing experience)
+ DeFi tokens (liquidity pools, staking, farming are all giving huge returns for small investors)
+ P2E (Play 2 Earn is another way to make money by playing games online and getting tokens or NFTs as rewards, some games have different types of rewards)
The level of trust that bitcoin has is incomparable. These alts are probably good but not as safe and secure as bitcoin. Bitcoin established itself as a protection for inflation and historically proven to rise its price as time goes by. These alts aren't. Some of these are even hyped ones so my bet will always go to BTC. I don't outrightly agree with that. Every other coin outside Bitcoin is referred to as an Alternative coin which Ethereum and many others are part of and we cannot say that these coins are all hyped and have not proven their worth in the cryptocurrency space too. Yes, Bitcoin would still be seen as a better choice for investment especially when there is good capital involve but some other cryptos are on that part too. |
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Hungary will be the first country in the world with Satoshi Nakamoto life-size bronze statue built in Budapest city 3rd disctrict, Graphisoft Park. Initiator for this project András Györfi said that Satoshi real identity is not important and two sculptors working on this are Réka Gergely and Tamás Gilly and they are creating hooded figure representing Satoshi, with reflective face surface that will show face of each person that looks at this figure, representing famous phrase ''we are all Satoshi.'' Graphisoft Park is European version of Silicon Valley, they have other statues for Steve Jobs, Rubik's Cube, and this new statue is sponsored by Mr. Coin, Crypto Academy, Blockchain Hungary Association, Blockchain Budapest with other organizations and individuals.   https://hungarytoday.hu/hungary-first-statue-mysterious-bitcoin-creator-satoshi-nakamoto/https://www.graphisoftpark.com/PS I hope Faketoshi Craig Wright will not be allowed to look at this statue   On first read of the subject I thought the real Identity of Satoshi is been revealed. I believe that this is a great idea from the sponsors and i like the idea of the reflecting face of anyone that looks at the statue and what it represent. I believe it is a matter of time when the global awearness of Bitcoin and cryptocurrencies in general will be felt all around. |
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I am thinking that if the bitcoin continue to go up to $100,000 and above. it will be expensive for the poor people to invest. It will be for only rich people. It will be better for bitcoin will not go so much high so that it will be affordable to everybody to invest and have profit.
I will like to read and learn for everyone here.
I believe you do understand that Investing in Bitcoin is not neccessarily in whole? meaning you do not have to invet in buying a whole Bitcoin since you can invest in satoshis of Bitcoin. I believe that it is still this kind of rationel that makes people believe that investing in Bitcoin isint for them whilst letting the so called Rich people to take over the space. I truely believe that every one can invest base on your financial capability. I magine what your $100 investment in Bitcoin/Satoshis back in 2017 would be worth now. |
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While it was initially true that rich cannot control the price of the Bitcoin. Currently, due to lot of trading in Bitcoin, the price of Bitcoin is subject to lot of volatility and hence the price can be manipulated by big players who are generally referred to as whales. Still the system of issuance of new Bitcoin cannot be controlled and hence it remains decentralized.
I believed that in general, regardless of whether the whales which are mostly the rich folks have been able to manipulate the market to their favour, the average people have been able to invest too in their little amount and have made them profits. That is the great thing about Bitcoin investment, the only thing will be to know when to get in so that they can maximize their investment. |
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Bitcoin gives us solution for the limitations which exists in fiat currency. Bitcoin and crypto might have some different limitations. Both the currency formats have their own pros and cons. It depends on how we are looking at it. Crypto is in early stage of development so it would be too fast to compare it with other forms of currencies.
That notwithstanding, haven't you seen the way in which most fiat currencies around the globe are becoming worthless with the high rate of inflation coupled with the high level of fiat printing in some countries? Bitcoin /cryptocurrencies in general and I mean the top ones are a good place to invest and kinda save you funds these days and even make good profits from it too but this is of cause not saying Bitcoin will replace fiat but at the moment, I will rather have my assets in Bitcoin than hold Fiat. |
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Bitcointalk Username: KaliLinux
Current post count: 800
Merit earned in last 120 days: 4
Your SFUSD deposit address : Si7WBRGT2riTzoJBFH3mvFafSFYSrBRspD
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There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.
True. I believe the mistake most investors make is panic selling when such dips happen instead of taking advantage of the situation. Every opportunity to pick up some more good coins/tokens at a lower price should be taken though we understand that some investors might not have spare funds at that time also is another problem. I also believe that there are good projects to invest in and not just only the top 10 cryptocurrencies if you really know where to look. In this market, people need to make more research on finding potential coins/tokens that will grow in a short time. |
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I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
For me, it is your strength and understanding of day trading that keeps you doing that process. Day trading is not such an easy thing because I believe that there's is a lot to understand before you can successfully day trade if you have to succeed in it. Sometimes, Investors are lucky placing trades and taking profits and thinking that is all that it is. On the other hand, you can buy or invest in Bitcoin for the long HODL and will most definitely make profits if you are really patient and even this requires you to have a bit of knowledge of the market on when to buy which can always give you a better leverage on profits over time. |
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Many people use trading view ( https://www.tradingview.com/) for charting while other also use Coinigy ( https://www.coinigy.com/). Which of these two are better in terms of usability, features and price. The comparison will help traders to decide which one to buy for trading purpose ? For me now just looking at the charting tools available to free accounts of both sites, I would say that, tradingview is better for me simply because all the indicators that I have access to on tradingview are not available over on coinigy and we know that using these site with relation to cryptocurrency trading is for you to be able to have access to better trading indicators that can aid you with trading the pricing is secondary. |
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The central bank of Nigeria (CBN) banned the use of cryptocurrencies in Nigeria this year on the 5th of February, later the CBN presendent says cryptocurrency's transactions are not legitimate, he meant Bitcoin and other crypto assets are used by criminals. The CBN want to try their best to make people to hold naira and set the pilot rollout for digital naira on the independent's day, Oct 1st, 2021. The CBN banned the decentralized cryptocurrencies like Bitcoin and have intention to mislead people to use digital niara which its price will be pegged with the Nigerian naira, the only difference between naira and e-naira is that e-naira will be more privacy depriving in design. Yet, Bitcoin transactions and other crypto transactions have been on the rise as Nigerians make use of P2P to bypass the CBN anti-crypto laws. Physical criminals activities have increased in Nigeria, Boko Haram (one of the deadliest terrorists in the world) has been paid in naira by the Nigerian government before when Dapchi schoolgirls were kidnapped on 19 February 2018. So attracted bandits to kidnap kings and many other people in the country and demand for random which are all in naira. Kidnapping is now a business in Nigeria in which millions to billions of naira are lost to it annually, all the criminals are demanding for naira. Nigerian is one of the poorest nation in the world if the country's wealth is divided by the average population of the same year. I was surprised the EFCC chairman, Abdulraheed Bawacould make this obvious wrong false statement about bitcoin and other cryptocurrencies just to be misleading the Nigerian citizens, he says Bitcoin, others pose danger to global economy which is obviously not true but totally wrong. In 2018, IMF report says crypto does not ‘pose risks’ to global finance. Why would people holding public office would not just make appropriate research before taking anything to media, all to just mislead Nigerians for their upcoming e-naira next month while the value of naira has been depreciating right from its creation. €1 was equals to ₦2 when naira was created on 1 January 1973, but the value has been devaluing so far till this present time, now 1$ is equals to 410, €1 is now ₦567.50. Just about everyone in Nigeria knows that the Government is the worst there is currently and will go to any length in lying to the citizens and have been doing that anyways with almost everything they say. If only they know that the population of the country that is involved in crypto that put the county on the world radar in terms of world cryptocurrency trade is not going to be that dumb to think the e-Naira is anything different from the paper Naira and noting they say will make any difference and will make people see the e-Naira more accepted than any crypto. |
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Each country is preparing its own country's CBDC. However, there will still be legal currency (paper currency).
Few people in the world have no electronic equipment. If digital currency is implemented, electronic equipment is required. This still needs to be popularized in every country.
The elderly are relatively weak in accepting new things. Popularization takes time.
I agree, for me, it is just basically with the time at which they believe that Fiat will no longer be needed which I think is short and it is not possible even though I still believe that digital currency e.g cryptocurrencies will at some point be more popular as some people have already pointed out and when you talk about the elderly being relatively weak in accepting new things, the elders then will be the young now that are already acquainted with cryptos and other digital assets. |
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El Salvador Bitcoin payment option mandatory but customers can decide to accept fiat What some people do not like about El Salvadorian government move is that they made bitcoin a legal tender, that it should have just been a legal form of payment instead of making it a legal tender. In El Salvador, anything government make a legal tender can be used as payment of goods and services while marchants and other dealers must accept it as a form of payment. But when I read news today, I later knew that Bitcoin payment is mandatory but yet optional, the payment can be in Bitcoin but customers can decide to either accept Bitcoin or fiat, the transaction will be processed automatically in accordance to what chooses by the recipient. https://m.elsalvador.com/noticias/negocios/bitcoin-criptomonedas/876042/2021/?utm_source=twitter&utm_medium=deportes%20&utm_campaign=organico&fbclid=undefinedGovernment: it will be mandatory to receive Bitcoin and businesses are exposed to infractions of consumer law According to the legal advisor to the presidency, Javier Argueta, it will also be mandatory to have the virtual wallet and once it is, the business is obliged to receive the cryptocurrency as a form of payment. “You, having the electronic wallet, must accept the transaction. The ‘shall’ is the transaction obligation… you are required to have the electronic wallet. What is mandatory is the transaction, ”said Argueta, explaining the validity of the Bitcoin Law, which formally begins as of this September 7. The journalist Federico Zeledón asked him about the virtual wallet: _For the sake of clarity, then, what I am obliged to do is to have the electronic wallet? To which Argueta replied: "To have the electronic wallet," he affirmed, to later explain that with it the costs are negligible and that the state's Chivo Wallet wallet is free. Later he said that when making the transaction, then the businessman will be able to decide whether to accept his payment in Bitcoin or in dollars and again, in a play on words, he gave an example: “If I buy you 1,000 shirts that cost $ 200 and I'm going to pay you in Bitcoin, you have the wallet, but in the transaction, when you do it, you have the will to receive Bitcoin or dollars, that is why it is voluntary, "he said. And once the wallet is downloaded, the merchant is obliged to make the transaction: "If you acquire that wallet, you can make the transaction," Argueta said. According to Argueta, all businesses are obliged to make the transaction in Bitcoin and despite the fact that neither the law nor the regulations clearly state it, if the business does not accept it, it is exposed to referrals of infractions to the Consumer Protection Law. In my opinion, I think this is a welcome development, it can be said that El Salvadorian government are not making Bitcoin payment mandatory (although mandatory) even as it is a legal tender because the payment can be in Bitcoin while the receiver can choose to receive it in fiat and processed automatically. Right. I believe that was an initial misunderstanding by some people because I read some post yesterday where the poster was saying that, the move was not good because the El Salvadorian President made Bitcoin payments Mandatory but not in this explanation. I think the businesses out there with this option can choose to either accept Bitcoin direct or Fiat, whichever they are comfortable with and I believe over time, this process will smoothen out. |
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