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for now I cannot give an opinion about it because in my country the crypto currency has not been fully inaugurated and recognized by the government as the applicable currency
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everything can happen, no one can predict for sure the crypto currency can replace the fiat currency, but if we look at the functions and needs of the fiat currency economy it can still survive because of the strong user confidence if the crypto currency can do that and can function like fiat currency, I think it could happen, but I don't know when
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I don't think selling coins is the strategy of each investor because of the size of the investor's confidence and the amount of patience of each investor in the conditions and conditions that we have now, we must be smart in utilizing every opportunity we will get in investing.
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in my opinion the government does not hate bitcoin, in my country the government only limits the movement of bitcoin for example by banning transactions directly with bitcoin but the government does not prohibit access to bitcoin
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I was introducing cryptocurency to one of my friend and after so many explanation, he asked me the difference between the two currencies, so below was my answer to him
These forms of currencies are inherently similar. However, their similarity devolves into distinct features when they are examined more critically. Here are some of the major differences between digital currency and cryptocurrency.
1. Decentralization vs. centralization:
Banking system, a majority of digital currencies are regulated by regulatory bodies like the Federal Reserve or other designated government parastatals. This means that transactions are constantly monitored, and their value determined by these regulatory bodies.
On the other hand, cryptocurrencies are fully decentralized. This means that no institution is set aside to regulate them. The rules are set by its community. As a result, the viability of a cryptocurrency is highly dependent on the strength its community can garner.
2. Privacy:
Privacy in this sense refers to the ability to conceal the information of the account owner.
With digital currencies, this is practically impossible. To open a digital account, you need to upload your photo and fill in your personal details, to make use of services like PayPal, you have to fill in your information like name and address. Hence, you can easily be tracked.
On the other hand, you don’t necessarily need to disclose any of your personal information when opening a wallet for cryptocurrency trading. In fact, coins like Dash are available to provide full anonymity, and this is one of the reasons why cryptocurrencies were widely used on the dark web.
3. Transparency:
The framework of digital currencies only allows approved entities to get access to the transaction information. Information regarding transactions of which you’re not directly connected is withheld from you.
On the other hand, cryptocurrency transactions are made available to the public domain. Even though the people behind the transactions are unknown, this way, you can personally monitor how much money is in the system.
4. Legal framework:
Most digital currencies are backed by a recognized central authority. Having legal support from government and financial institution establishes their general usage and acceptance.
On the other hand, cryptocurrencies aren’t backed by any form of a recognized body. As a consequence, they’re not yet fully recognized as a legal tender worldwide.
5. Dominance:
Due to their recognized backing, digital currencies are accepted all over the world. Carrying out transactions with digital currency isn’t restricted by geographic borders, race or even belief systems.
Cryptocurrencies, on the other hand, are loners. They are only accepted by a small group of institutions and compared to other centralized digital coins, their popularity doesn’t measure. Although analysts pose that this will soon change and government regulations will be more favorable towards cryptocurrency.
6. Transaction interference:
Since transactions are monitored by central authorities when using digital currency, they can easily flag transactions suspected to be suspicious or even freeze an account temporarily on the request of the owner. This makes transaction reversible.
On the other hand, once a transaction is completed with cryptocurrency, it is automatically added to the Blockchain and is forever irreversible.
7. Value fluctuation:
For digital currencies, its value is determined and regulated by financial institutions. This makes the currency relatively stable.
Cryptocurrencies, on the other hand, are unregulated. This makes them highly volatile and susceptible to slight behavioral changes in its community.
Hope this will help many newbie here. Cause i myself still learning.
it is right and true what you say in your opinion, with what you convey can make investors understand and understand what you are saying and people do not misinterpret |
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Those people are the richest based on Google. There are a lot more that we do not even know about. They just down let people know how much money they have. What about Satoshi Nakamoto  ? I would say this person can surpass Jeff in term of wealth. true what you convey wealth in the field of crypto currency no one can know for sure because it might be hidden and can only be seen with the result not from the deposit |
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in my opinion the investment now or later depends on your own beliefs and beliefs because it is the main capital in passing investment with crypto currencies and in conditions like now we must be able to take advantage of the opportunities available to benefit
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Looking at the market the 6k bottom seems so solid and this seems to be an accumulation phase that's nearing its end. I suspect however that we might see one last bear trap before we go bullish towards the year end, still only expect 20-40% or so gains instead of 100% growth in a week.
Broadly speaking, the investment strategy with crypto currency is to buy and hold it selling at high prices and to get profits, if we believe and believe in crypto currencies, of course time and price are not a problem to buy and start investing. |
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The government is still checking the use of bitcoin, it is difficult to track bitcoin users because it is anonymous.
So the government must have a special team for this case, but this is not easy.
may not have to accept the most important legality of the country's economic system and crypto currencies should work together to get the best results going forward |
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for conditions like now I think it is very difficult to give advice on what coins are the best crypto currency, because at this time it takes confidence and patience that is quite large try you start research with coins that are the 5 best at this time maybe it can make thinking
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to make sure I can't really feel because that's the risk and the nature of the crypto currency that is needed right now is great confidence and patience for what we invest, don't panic and fear the drastic price reduction
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if you think that of course you have money that is not feasible and should not be known to others until you think of it as a tool for money laundering, because we know the results of good and bad crypto currencies depending on the intention and purpose of the investor itself
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Many governments are looking at this option. Since the blockchain is relatively new and is yet to prove itself through time, it's only wise for the governments to wait a little and watch how it evolves. At the moment, many researches are being carried out about ways to implement this seamlessly without causing a hitch.
what you say can happen because of the development of technology and of course the blockchain technology will be very much needed in the development of crypto currencies and an increasingly advanced economy |
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I think the detailed data of who owns bitcoin in the world cannot be known with certainty because transaction turnover also keeps moving without anyone being able to provide data
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for now eth is still the best alternative coin in my opinion, my opinion with ETH is to hold back and get profits with confidence and patience as its main capital, all possibilities will be possible
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what happens on the market I think that has become the nature of the market and all depend on investors themselves the development of crypto currencies and investor markets that affect
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I think to predict in the future no one can know for sure the development of any crypto currency and we can only predict by looking from the past as a guideline maybe
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What are some of the best coins to buy right now?
in conditions and conditions like now it is very difficult to determine the best coins, in my opinion the best coins are coins that are believed and trusted by investors themselves confidence and patience are the main capital in investing |
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Holding is still the safest bet out there, if people aim for long term they don't have to worry about all the fluctuations so they don't get desperate, just wait for the final outcome and retrieve their profits.
what you convey is really the safest strategy in conditions and situations like today is to hold and wait for opportunities that will be obtained in long-term investment requires considerable confidence and patience |
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everything can possibly happen for now what might happen while many countries that do not agree to the existence of crypto currencies enter their countries how to stabilize the country's economy
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