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Bitcoin is the parent of all crypto currencies, so it is impossible to replace Bitcoin as the king of crypto currencies, even though there will be new crypto currencies popping up every day and there are even crypto currencies that have a higher price than bitcoin, still the eyes of users. Crypto money is more dominant to bitcoins that have already appeared before other crypto currencies, so I think bitcoin will still be the king of crypto currencies.
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Yes, I think crypto currency will be an alternative way of payment, because the old payment system that uses cash is considered very old and less practical and efficient. Crypto currency is considered as an alternative method of payment that is far more modern, practical and efficient, now you no longer need to carry your wallet and cash now, you just need to bring a smartphone that is connected to the network to make practical transactions without cash.
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Menurutku tanggapan orang yang bicara bahwa mata uang kripto itu haram jangan terlalu kita hiraukan, sebenarnya mereka berkata demikian karena mereka belum memahami sepenuhnya apa dan bagaimana mata uang kripto itu, lagipula selama kita tidak berbuat tindakan yang melanggar hukum atau agama dan merugikan orang lain itu bukan masalah.
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I think it will be very difficult to make bitcoin as an international currency because right now not all countries support the use of bitcoin, many countries actually forbid their people to use bitcoin and even using bitcoin is considered an unlawful act, besides all countries have internet access and infrastructure needed to be able to use bitcoin.
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Of course I, as a crypto currency trader, wants an easy, safe, practical and efficient exchange, the KYC problem for me is not a problem, it is something that will protect us from actions that will harm the exchange and ourselves, many people complain about KYC, they feel that their privacy KYC has been disrupted.
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Interesting threads, conventional banks in the next few years will rarely be used and used only in certain fields that cannot use payments using crypto currencies digitally. Many governments have taken this step in several countries, not just companies that do this, because the use of digital transactions using crypto currencies is considered more practical and efficient and more economical in terms of cost and time needed.
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I think this is very much needed in the world of crypto investment, many investors are afraid to invest in the ICO because they are afraid of being deceived by the projects they follow, if there is insurance that can guarantee the security of investing in the ICO maybe more investors will invest in in crypto.But to create the HL I think there must be strong regulation first from the government.
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Investment is definitely better than saving because if we save we will only get a little profit and more cuts in administrative costs while if we make an investment we will benefit if the commodity we choose has a positive price movement, but if you choose our investment commodity wrongly loss so I suggest that before you invest make sure you choose the right commodity so that you get a lot of profits.
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Berhati-hatilah ketika hendak memilih investasi (bukan hanya dalam bitcoin atau ata uang kripto) jangan mudah tergiur dengan keuntungan besar yang ditawarkan, hal tersebut bisa saja adalah jebakan. Saya lebih memilih membeli bitcoin atau mata uang kripto kemudian melakukan trading di dalam suatu bursa, keuntungan yang akan kita dapat bisa kita sesuaikan sesuai dengan kemampuan trading kita ketimbang menanamkan modal kita disuatu perusahaan yang belum jelas.
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I think buying bitcoin using a credit card is not very attractive to me because it incurs a large transaction fee between 3% -6% depending on the credit card and the exchange party. So I prefer to buy bitcoin by using a bank transfer because the cost is not too large so I can get more profits.
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Blockchain is more popularly used in the fields of finance such as trading and banking, but there are also some companies that are engaged in other fields such as medical and educational advertising that utilize blockchain technology. They consider that using blockchain technology is more efficient and effective both in terms of economy and engineering. For example, if a hospital uses a blockchain system in conducting a patient's medical record, the patient will be faster and more precise in getting medical treatment.
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I do not know what underlies the government of India to take it, but clearly the news will have an impact on the bitcoin market and crypto currency, this can make traders from those countries sell panic not because of cutloss but fear if they break the law then they can dealing with the authorities. Whatever will happen to bitcoin in this country can hopefully have a good impact on the crypto currency market.
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In some countries, bitcoin can indeed be used to buy many things such as food, accessories, and some services, but in some countries bitcoin is only used as a digital investment commodity and not in exchange as in other countries and there is also a state that completely prohibits its citizens from using bitcoin.
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I think about it that the actions taken by Google are wise compared to the policies taken before, because not all advertisements about cryptocurrencies contain actions that are detrimental to others, but we can get information about potential cryptocurrency commodities if we choose to invest in a scam or not, I don't think it is the personal responsibility of the investor itself, how smart he is to choose and take advantage of opportunities.
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The country is a fairly advanced country in terms of technology so that the country's government can provide clear regulations regarding the development of blockchain technology and the use of crypto currencies. So I think if there is a country that prohibits the use of crypto currency it does not mean that the country cannot adapt to technology but that the country has not been able to make clear regulations regarding the use of crypto currencies.
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Maybe if Amazon accepts bitcoin then there will be some big companies like visa and mastercard will be harmed because there are no more consumers who shop using the services they provide, besides if Amazon accepts bitcoin then they will also not be used by people living in a country which prohibits the use of bitcoin, obviously it will not be so profitable they will choose to use conventional payment methods using a credit card.
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When many countries begin to adapt to the blockchain and crypto currencies, but this country will instead give punishment to anyone who is related to bitcoin, I think that is something that reflects the government's inability to adapt to technology, like stepping back in a civilization. If the fear is about taxes, why don't they try to make tax regulations related to this, instead of banning the use of bitcoin.
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I think that is a good thing, considering block technology is now a transparent and not manipulated technology so that the data generated is very valid and is something that is very much needed in all types of businesses, many startup companies that use blockchain technology as the basis of their systems use, so I think the government really needs to hold education for the public regarding blockchain technology.
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