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Author Topic: Bitcoin is going to be the next gem  (Read 558 times)
imstillthebest
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December 04, 2020, 02:52:26 PM
 #41

Bitcoin is already a gem, it is becoming more scarce every passing day. it is only a matter of time for global adoption to take place, now we are already seeing big institutions getting in. Bitccoin is already a Gem, soon to become a rare Gem
Yes, and some people say Bitcoin is digital gold which is very valuable at this time and will also be very valuable in the future, because Bitcoin is increasingly difficult to obtain except for those who can afford it with a certain amount of personal money.
you dont need a personal money to have a btc because theres many ways online to get a free btc if you badly want it to .
 btc difficulty are only for the miners but if miners have a decent mining machine or the latest one i think that can lessen the difficulty .
 before they say that btc is like a gold and now there is this that says btc is a gem but gold and gem are the same ? anyway , theres countries that fiats are becoming useless and it shows that theres a good demand of btc on there but for other countries the fiat is still verry strong . its gonna be a long wait for us to see btc beat up fiat
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December 04, 2020, 04:05:58 PM
 #42

Yes Bitcoin is going to be the next game. Bitcoin is also called digital gold. When Bitcoin started its journey, no one believed in Bitcoin. Bitcoin has traveled from $0.1 to $20000. Many people think that Bitcoin can go up to $35000 by 2021.
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December 04, 2020, 05:09:48 PM
 #43

I always think about BTC is comparing to Gold,on this topic you compare to Gem, which immediately diminishes BTC‘s value.
BTC is more and more popular in the entire world,although it is always meet much resistance.

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December 04, 2020, 06:16:08 PM
 #44

It is true that the Bitcoin (BTC) is and will be one of the most precious assets anyone could hold into. Hence, you can call it a gem as well. I partially agree with the author's statement and I would rather say that the BTC will be one of the next gems. That is because you can't predict what would happen to the altcoins and there can be more gems currently hidden among those.

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December 04, 2020, 06:18:45 PM
 #45

Bitcoin is future of Blockchain and cryptocurrency as a whole. I have been telling people not to joke with that coin. What ever that revolves around Blockchain today is bitcoin. The name and awareness iblockchain has created today resulted from bitcoin. So it's the currency of the word and for the people. It's a currency for the people and of the people.
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December 04, 2020, 06:39:51 PM
 #46

I call Bitcoin a gem. Because once paper money will have no value. The only reason behind not having the price of paper money. People's interest is changing day by day. Now people are leaning towards digital transactions. Now no one wants to do cash transactions. That is why the importance of cryptocurrency has increased a lot.
Bitcoin is a currency. Which you can use it for any purpose at any moment in any place. Just one transaction. In my opinion, the government of every country should give legitimacy to cryptocurrency. Has already given legitimacy from many countries.
Bitcoin already a next-generation. But paper money is must in our life. I do not think paper money can be replaceable bcs on the earth everyone of us doesn't have Android or smartphone to transfer money.

I do not know why do not you love paper money. But i love bitcoin for fast transaction. It saves valuable time.
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December 04, 2020, 06:49:34 PM
 #47

Because once paper money will have no value.
Now no one wants to do cash transactions.

The case is different in many countries, some states have a strong fiat currency, so the paper money will remain valuable as long as the government developing the economy in a better direction.
Once again, the case is different depends on the region, some countries have been utilizing digital transactions more than using cash. However, there are many countries still using cash on daily transactions.
The main reason for this difference is the technology development and adoption are different in every country.
But yeah, we are heading to digitalization transactions that gradually replace cash tradition.
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December 04, 2020, 10:40:06 PM
 #48

I call Bitcoin a gem. Because once paper money will have no value. The only reason behind not having the price of paper money. People's interest is changing day by day. Now people are leaning towards digital transactions. Now no one wants to do cash transactions. That is why the importance of cryptocurrency has increased a lot.
Bitcoin is a currency. Which you can use it for any purpose at any moment in any place. Just one transaction. In my opinion, the government of every country should give legitimacy to cryptocurrency. Has already given legitimacy from many countries.

What do you mean? Bitcoin is already a gem, the problem is that people keeps ignoring it, calling it a ponzi scam. But how time flies isn't it, now institutions are seeing it as more of a reserved assets, while individuals are using it to hedge their wealth into it. That's why the price keeps going up and may hit another all time high at the end of the year or eventually next year. A lot of exciting things ahead of bitcoin market.


I fully agree that Bitcoin is already a gem because it's considered a new advent and we can agree that gold is becoming obsolete and Bitcoin can take the place and become a store of value. Anyway, we are slowly seeing this happen and prices prove it. Another important point is the level of membership that is growing every day, further strengthening the claim to be a gem.

I agree that bitcoin is the next digital god, but I would not say that gold is becoming obsolete though. It's been here for thousands of years, government around the world has a lot of gold reserves and it has been tested on the worst situation ever, specially in war wherein gold was the primary asset and as a hedge. So both bitcoin and Gold can co-exists with each other, each one has its own benefits and advantages.

 
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December 04, 2020, 10:46:11 PM
Last edit: December 07, 2020, 11:21:16 PM by seleme
 #49

It is time to look for the new gem altcoins, BTC is kinda expensive for poor gem hunters. The price will touch $30000 sooner or later before 2022 but it is too late for latecomers to invest in the BTC. I suggest investing in the low marketcap altcoins.  The gem altcoins are not easily foundable, so better be careful not to get catched by HYPE which is the biggest enemy of every gem hunter. Many investors will try to sell their "analysis" for convincing you to buy more gem altcoins which are bagged before telling about this altcoin to you. They will try to dump on your limit orders in order to steal from you after convincing you to buy the gem altcoins.

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December 04, 2020, 10:50:09 PM
 #50

Bitcoin is going to be the next gem?
How much does Bitcoin have to be worth before it turns into a gem?
In my opinion, Bitcoin has always been a gem, at least after it hit $1000+ and started to turn heads around. Right now we are seeing corporation that were initially bashing bitcoin trying to gather as many bitcoins as possible to avoid missing out on holding the "gem'

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December 05, 2020, 09:59:28 AM
 #51

the problem is the legality of the government to legalize Bitcoin as a transaction tool,
for now bitcoin is only for investment and cannot be a tool for transaction, so it is true that today people think of Bitcoin as a gem,

We can not do anything related to the government because they are the regulator in our country. Maybe they will accept bitcoin, but with terms and conditions, people can still use bitcoin before the new regulation about bitcoin is ready to release. If your government is fair to see their people use bitcoin in your country, that can be a sign that someday, your government will accept bitcoin. If people can still use bitcoin and get the benefits of bitcoin, people will think that bitcoin is a gem for them.

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December 05, 2020, 10:04:08 AM
 #52

I always think about BTC is comparing to Gold,on this topic you compare to Gem, which immediately diminishes BTC‘s value.
BTC is more and more popular in the entire world,although it is always meet much resistance.
Gems and Gold were already well known than Bitcoin, but if we look at the history of the birth of Bitcoin, then it also deserves to be near Gems and Gold, because Bitcoin is also popular and famous everywhere at this time even though it doesn't cover the whole world.
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December 06, 2020, 06:49:24 PM
 #53

I call Bitcoin a gem. Because once paper money will have no value. The only reason behind not having the price of paper money. People's interest is changing day by day. Now people are leaning towards digital transactions. Now no one wants to do cash transactions. That is why the importance of cryptocurrency has increased a lot.
Bitcoin is a currency. Which you can use it for any purpose at any moment in any place. Just one transaction. In my opinion, the government of every country should give legitimacy to cryptocurrency. Has already given legitimacy from many countries.
It is already a gem and this fact has been proven with time.
You can see that big companies, funds and institutions that were initially opposing bitcoin are now accepting it and classifying it as top alternative asset class same is the case with governments all around the world so bitcoin and crypto is now on the right track to mass adoption.
In today's era of digitalization of technology, of course, security and speed in transactions are needed so that Bitcoin as a digital currency will certainly be of great benefit to the world community, apart from being a promising investment asset, bitcoin can also be an alternative to complement the needs of global financial transactions. Who crave, efficiency and security today. The biggest obstacle to crypto currencies is there is no definite regulation from countries in the world so that to make bitcoin a substitute for paper money, of course, a joint commitment from countries in the world is needed to obtain absolute recognition as money that has the same consensus as the world community who recognizes it. paper, metal, gold, diamonds, mutual funds, stocks and other commodities as a wealth or investment that has its own consensus.

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December 21, 2020, 04:04:54 PM
 #54

No doubt about it,Bitcoin is a gem,almost everyone on the planet now know about it,gone are those days when people are unaware of it,soon bitcoin May replace the traditional way of business transaction
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December 21, 2020, 05:14:19 PM
 #55

but it will not happen very quickly, because it will take a long time to get everyone to recognize bitcoin. and I think paper money if it is no longer valid, there will be a digital version of fiat money, which the government in each country will make because they will not easily let crypto roam around, unless the impact of crypto has a big role in the future.
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December 21, 2020, 08:45:33 PM
 #56

the government of every country should give legitimacy to cryptocurrency. Has already given legitimacy from many countries.
Not as easy as you say every country must exercise legitimacy against Bitcoin, if all countries / governments are united there may not be war in this world, one word.
That is the problem, in a multi-head country, not all heads think the same, including to exercise legitimacy against Bitcoin, they know Bitcoin is the biggest asset for every country through transactions, what to say.

There are many pros & cons to legalize, to state and to make decisions on state policies, let alone Bitcoin, It is very clear that only pro-people countries do Bitcoin as legitimacy, if the state is not pro-people, don't hope.

In fact there are also countries that do not prohibit and do not order people to use Bitcoin, but Bitcoin there is growing faster and growing.
Not only that, during the last century we have seen a tendency of the governments to try to get more and more control of the population and while this is something that governments have always wanted, thanks to our advanced technology of today this has become a reality, and bitcoin with its ability to give freedom to people is challenging that control, as such governments do not want to legitimate and legalize bitcoin on the eyes of the people and I think this is going to still be the case for a long time.
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December 21, 2020, 08:54:27 PM
 #57

bitcoin has proven itself well. Whoever you ask this right now will say the same. When we look at the pandemic process, we can see very well that people are turning to alternatives other than paper money. Whoever says what. Very soon all states will recognize the existence of crypto money and start using it.
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December 23, 2020, 10:29:06 AM
 #58

First, Bitcoin is a true gem since time immemorial and the value keeps increasing each day, and this year alone, it showed to the world its true potentials. However, there are things we need to understand and that is, Fiat or paper money will never lose its value, that is, fiat will remain with us and will be used always because it has the backing of the government. Also, everyone is still doing cash transactions and it doesn't look like it's changing anytime soon but that will not limit the growth of Bitcoin. And lastly, it will be difficult for the government to give legitimacy to Bitcoin because it's out of their control.

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December 23, 2020, 11:11:58 AM
 #59

First, Bitcoin is a true gem since time immemorial and the value keeps increasing each day, and this year alone, it showed to the world its true potentials. However, there are things we need to understand and that is, Fiat or paper money will never lose its value, that is, fiat will remain with us and will be used always because it has the backing of the government. Also, everyone is still doing cash transactions and it doesn't look like it's changing anytime soon but that will not limit the growth of Bitcoin. And lastly, it will be difficult for the government to give legitimacy to Bitcoin because it's out of their control.
If bitcoin will stay decentralized, the government will never accept it as a legal currency. But that won't be enough to stop people from using bitcoin. Instead, it's utilization is even more growing due to this pandemic that limits the use of paper money. Bitcoin has always been a gem for those bitcoin enthusiasts because they know its real value and worth. It might gain mass adoption in the future but fiat will never lost its value too and will continue to be utilize by majority.
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December 23, 2020, 11:51:43 AM
 #60

How can you talk about the choice between virtual and real? It is simply impossible to give someone an advantage. Gold and bitcoin are completely different currencies in their structure.
Yes, that's right, gold and Bitcoin are very different currencies in their structure, and everyone is definitely not going to be the same structure of the two, if anyone does, it is ridiculous, and simply everyone obviously won't give someone an advantage. , but on the side which no one is aware of, they have benefited others, even though intentionally they did not exist.

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