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actually to save money for a long period of time you can save it in the bank, but you will be charged an administration fee every month and of course that will keep your balance down, but if you want to make the money you save for a long period of time you can try to invest in gold, silver or in the stock market there you can try to benefit from the money you save, and if you want to try something more you can invest the money you have in crypto currencies, you can try to buy currency crypto, the price is still cheap, then wait a while then you will get a pretty good profit
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https://bitcointalk.org/index.php?topic=130619.0after I saw the thread, I came to the conclusion that the price of bitcoin is inversely proportional to the number of mining results that decrease every four years (halving day), this will affect the supply and demand balance so that it will automatically over time the price of bitcoin will be increasingly expensive, although in fact there is always a correction that freaks out new traders and new investors
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I will not use it, because if there are currencies (banknotes) whose circulation is not regulated by the government then it can be said to be counterfeit money and the punishment for dealers and users is quite heavy, transactions with banknotes are not the same as transactions on online markets, transactions with physical money is easier to recognize if there are irregularities in the paper money we use
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investing in ICOs is quite a high risk, because it is not impossible to close the possibility after the funds have been collected, ICO organizers run away with the funds we have already planted, but in my opinion this risk can be minimized if an ICO uses escrow facilities, where the funds collected will stored on escrow, so that your funds are guaranteed to be safe, this will benefit both the organizer and the investor, there will be no suspicion between the two parties
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actually everything depends on us as a bitcoin user, we will use what bitcoin we have whether it will produce something positive or vice versa, if we use it wisely, good and right, it is not impossible to reduce poverty and prevent acts of corruption and can also prevent high price increases due to transparent transactions, unlimited time and amount of space and low transaction costs even close to zero
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the wrong behavior in taking market action will certainly affect the market price of a commodity, for example someone with an understanding that is not selling assets when the price is corrected, of course it will make the price fall again
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The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago. With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash? I don't think there is anything that is impossible to happen, one of the ways is that crypto currency can be managed in the region of Africa. It is not possible that this could happen, considering the government of Africa is friendly to crypto currencies. with banks, of course this will attract investors to invest their capital in crypto currencies in the region of Africa |
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so far I don't have an offline store business that accepts payment using bitcoin, but for many online businesses, many of my friends have received payments using bitcoin, they mostly sell goods that can indeed be sold in onine stores such as clothes, computers and their provide payment methods using bitcoin
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I can't name the coin, but one of my colleagues when I want to choose a coin, what we want to choose to invest is the first to see the history of the coin price from the beginning of the launch until today, here will be enough to give you consideration when you can already see how potential the coin is, then see also the opinions of several sources about the coin
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in my opinion it's quite complicated if bitcoin is used as a currency, because I need facilities and resources that support everything from infrastructure to users who fully understand how to trade using bitcoin, besides the government must also be able to provide clear and wise regulations so that all transactions can run smoothly without any party being harmed
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I prefer to make new coins when compared to joining a new ICO, because I see that new coins are safer and more profitable when compared to joining other people's ICOs. safer because we alone control the circulation of coins and are more profitable because funds will be collected faster during the ICO
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I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.
in my opinion, the harmonization between crypto and fiat currencies is very closely related, because most buying and selling transactions are still carried out in fiat currency, while crypto currencies are only used as investment commodities such as gold and silver then sell them into fiat currency and are used for daily transactions |
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Over the years cryptocurrency has evolved into a global currency but governments are trying to sweep it's relevancy under the carpet. We all know that the eyes of the community are now opened to the importance and blockchain technology.
What baffles me is why are the government making lives difficult by banning or limiting it's use? Is it because it threatens the political power or are they scared it will improve the global economy or force the traditional banks to reduce their ridiculous interests rate which we have been robbed of for decades now.
What is your take on this and what do you think will make governmental bodies to finally accept crypto?
I think the government's readiness factor is the reason why the government cannot take policy and tends to make bitcoin or crypto currency illegal by the public, but I think that if the government is ready to make regulations about crypto currencies it will be very beneficial for the country because it can bring income from crypto currency business operators |
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on the one hand many people think that bitcoin is very vulnerable to use for money laundering, but on the other hand bitcoin or crypto currencies are considered effective enough to prevent corruption, corruptors tend to be afraid to do it if the financial system uses blockchain such as crypto currency because every transaction what happens cannot be manipulated and can be monitored by all
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maybe your opinion can also be stated correctly if bitcoin is used as a money laundering tool, because bitcoin is anonymous, meaning that every transaction of the identity is very confidential, this can be used as a money laundering tool, but in some exchanges it is equipped with KYC for each member so the exchange can find out who just do the transaction
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I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.
I agree with your opinion, that crypto and fiat currencies have their respective roles and do not kill each other, they are not even separated because for conventional spending, fiat currencies are still needed to make transactions |
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Here I see that there will be two effects of a crypto currency bank, first it will have a positive impact on crypto currencies, because with the existence of crypto currency banks the public trust in crypto currencies will increase and this will make the arrival of new investors of course will make supply and demand move and make prices tend to go up, secondly it will have a negative impact because there will be hoax news issued by certain people to get the benefits from it.
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