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821  Bitcoin / Bitcoin Discussion / Re: Bitcoin and dollar on: April 17, 2023, 10:47:14 AM
More or less, it's indirect. When USD weakens, bitcoin becomes more valuable but when the opposite happens bitcoin is affected negatively, it is an influence but it's not a direct impact so the relationship of bitcoin and USD isn't something we shouldn't worry too much.
822  Bitcoin / Bitcoin Discussion / Re: It's NOT a good time to invest in BTC. on: April 17, 2023, 09:13:51 AM
I think that it's a bad time to buy bitcoin if you are planning to spend all of your money in it and then hodling until the prices surge, I disagree that it's not a good time because I believe that you can easily buy your goal amount piece by piece. I think this is a high time to accumulate your bitcoin hoard because the halving is getting ever near and we all know what happens to the market during and after halving.
823  Economy / Speculation / Re: Bitcoin tops $40,000 after Musk says Tesla could use it again on: April 14, 2023, 04:17:03 PM

The article was published back in June 2021.

I thought I was late to something and haven't heard about the jump of the price of bitcoin which was 30k around 3PM EST, thought I missed out. To OP, I think you should check out the date of the article because it's misleading in a way. Good thing that I didn't know that Tesla hasn't been using bitcoin as payment for their products and services so in a way, I was still informed.
824  Bitcoin / Bitcoin Discussion / Re: Bitcoin is racist on: April 14, 2023, 03:22:20 PM
Quote
The dogs are barking Quixote.

A sign we move forward Sancho, a sign we move forward.


― Miguel de Cervantes Saavedra, Don Quixote: Man of La Mancha




Pretty awesome quote, now I'm looking forward to reading that, been holding back on Don Quixote for a really long time, 'tis a sign I guess.
825  Economy / Exchanges / Re: Which crypto payment processor do you use for your business? on: April 13, 2023, 08:24:10 AM
~
Do people really pay in Binance though? I'm curious because I see this all the time whenever I eat on my favorite and I don't see a lot of electronic transactions done through this so it got me thinking whether they are being used or not. Options are a good thing so I don't mind having that, maybe when I one, I might try paying that way.
826  Bitcoin / Bitcoin Discussion / Re: How do you assess the value of Bitcoin? on: August 08, 2022, 02:30:10 PM
Hi all,

How do you (personally) decide when Bitcoins are a buy? - gut feeling, just DCA to a certain amount, only buying below 25,000 or ...?

Thanks!
I think DCA is much better to use especially in this period or if you were just new in the market. Besides the marketcap that bitcoin does have, it will certainly increase its value over time, so using DCA as your strategy is not a bad idea compared to relying on your gut which is kinda vague and has no certainty. To be honest, if I only knew that Bitcoin would have this much growth then I might not have spent some of my Bitcoins before.
827  Bitcoin / Bitcoin Discussion / Re: Why do many mainstream economists always oppose Bitcoin? on: October 03, 2021, 12:24:26 PM
well because bitcoin is a very unorthodox type of investment, and for the past few years the price of bitcoin has been slowly getting bigger and bigger, this alarms the economists because bitcoin does not depend on the stock market and it is intangible thus making it hard to believe that bitcoin will be a safe investment for the people.
828  Bitcoin / Bitcoin Discussion / Re: China Quitting Bitcoin Mining Is Very Positive in Long Term on: October 03, 2021, 10:10:20 AM
well it is positive in the long term because china is one of the countries that holds huge amounts of bitcoin, and if they decide to ban on mining bitcoin then the supply will be distributed to other countries or people that wants to mine bitcoin and i think this is a positive way to promote bitcoin instead of having one country hoards the majority of it.
829  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have any real value? on: October 03, 2021, 09:17:05 AM
the value of bitcoin is solely defined by the demand on it by the people using it. it also has the same concept for fiat currency. if people don't want to use a certain fiat currency then its value will surely amount to nothing. this is the same as with bitcoin so if the people have no demands on it then the value of bitcoin will surely drop.
830  Bitcoin / Bitcoin Discussion / Re: Twitter to pay content creators in bitcoin on: October 02, 2021, 02:33:29 PM
this is very happy to see, that bitcoins use  are slowly getting bigger and bigger and there are many uses for it now, maybe in the near future bitcoin will become more mainstream and its uses will become much more larger, offering more services and products that we can pay with it and also other uses in the economy of the world
831  Bitcoin / Bitcoin Discussion / Re: Isn't speculation and volatility a problem for Bitcoin? on: October 02, 2021, 02:00:10 PM
actually these 2 things are not a problem for bitcoin and is fairly normal when it comes to crypto and even normal in the stock market, people can't help to speculate the price of bitcoin because through this speculation you can predict what the price of bitcoin will be, and volatility is a factor that will always be present in bitcoin because the price of bitcoin is dependent on the demand on it. so if the demand for bitcoin is lower than its supply then the price of bitcoin will also be lower and vice versa.
832  Bitcoin / Bitcoin Discussion / Re: 12 years and no country has approved Bitcoin ?? on: October 02, 2021, 10:45:33 AM
well there are some that approved of it in a way that they do not ban the use of bitcoin, this is because that bitcoin is a very prone to illegal uses and also it can greatly affect the economy of one country, criminals can use bitcoin to transact without them being traced so easily and also it can affect the economy in a way that people will only rely on bitcoin and can make their money drop in value.
833  Bitcoin / Bitcoin Discussion / Re: Do you believe BTC can be attacked? on: October 02, 2021, 09:54:36 AM
bitcoin can surely be hacked, there are many vulnerabilities when it comes to cryptocurrency and bitcoin is not an exception to that, as long as you will not make a secure hiding place of your information when it comes to your wallet then surely you can be hacked and all your hard earned btc will be taken away from you, so to prevent this make sure that all your info are completely secure.
834  Bitcoin / Bitcoin Discussion / Re: new to bitcoin, don't know how to use on: October 01, 2021, 01:58:44 AM
i think if you are new to bitcoin, the best way for you to learn is to do some research first before you engage into some transactions or any other services, because once you let go of your bitcoin you can never get it back and also newcomers are very prone to scammers. so equip yourself with the right knowledge first before delving any deeper
835  Bitcoin / Bitcoin Discussion / Re: Should I accept Bitcoin for payments on my online store? on: October 01, 2021, 01:37:50 AM
i think you should try this, because it can give your store a more diverse type of customers, because this will also be a type of advertisement for your store because more people will tend to buy at your store, especially the ones that have cryptocurrency on them. this will be a great addition to your store and will help you expand more.
836  Bitcoin / Bitcoin Discussion / Re: What is the biggest threat to Bitcoin? on: October 01, 2021, 12:05:56 AM
i think the biggest threat to bitcoin right now is that, some countries in the world are banning bitcoin. this can result in the lessening in the demand for bitcoin. if the demand for bitcoin starts to lessen then also its price will lessen because there will not be enough supply that will circulate. thus making this the biggest threat for bitcoin so far.
837  Bitcoin / Bitcoin Discussion / Re: The only way that governments will successfully compete with Bitcoin on: September 29, 2021, 05:42:24 AM
the government doesn't really need to compete with bitcoin, they do this to have control over it, because if they do not control the price and the use of bitcoin then it could make the value of USD crash because instead of USD being the international currency, then bitcoin will take its place. this will mean the downfall of US economy and could destroy their country internally.
838  Bitcoin / Bitcoin Discussion / Re: Bitcoin or Gold: Superiority on: September 29, 2021, 01:53:43 AM
well bitcoin and gold are on 2 different levels of investment, bitcoin is an active element in the economy of crypto it can be used to buy stuff and services from other people directly without needing to transfer it into another of currency, unlike gold that is a passive investment, meaning you can't buy products or services with it directly so in terms of investment these are two different concepts.
839  Bitcoin / Bitcoin Discussion / Re: China trying its best to get hated on: September 29, 2021, 12:52:30 AM
china do not care if they are hated, because of what they did they will be the ones that will benefit the most, because of the banning of crypto in their country the price of crypto now will become lower and because of this the government will have the opportunity to whale bitcoin or other cryptocurrency. i think they did this too some time ago.
840  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto misinformation is turning into an issue for people new to the game. on: September 28, 2021, 11:41:25 PM
these misinformation is caused by FUD's and other uninformed people spreading fake news, the only way to combat this is to research real information about cryptocurrency, there are many articles in the internet that explains what cryptocurrency really. don not easily believe the heresay of other people especially ones that don't really know what cryptocurrency is.
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