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Author Topic: The view of bitcoin in the eyes of the world's millionaires  (Read 160 times)
mumang siat (OP)
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June 09, 2021, 01:49:29 PM
Merited by zaim7413 (1)
 #1

The COVID-19 pandemic has succeeded in making many people around the world invest. From stock market instruments, financial products, precious metals, and most recently there are cryptocurrencies such as bitcoin.
The cryptocurrency market has succeeded in attracting the interest of many people because the profits derived from the increase in the price of the coin have increased dramatically.

Although it can be used as an investment instrument, cryptocurrencies such as bitcoin are not included in the list of conventional investments such as deposits, gold, foreign exchange, property, bonds, or stocks.

From a profit perspective, investing in cryptocurrencies can be more profitable. Because the price increase is very high compared to other investment instruments. Especially at this time, the prestige of bitcoin cs is on the rise.

it would be nice if bitcoin was developed well by those involved, so that the achievements could be felt indirectly by people who have not joined, if bitcoin can be put to good use, then it is possible that there will be a lot of interest among young people.

hopefully bitcoin can still exist and be able to incarnate or answer the concerns of young people who are increasingly unemployed whose future directions are not clear.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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June 09, 2021, 03:13:02 PM
 #2

And hopefully this covid-19 doesn't affect the cryptocurrency market.
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June 09, 2021, 03:24:15 PM
 #3

And hopefully this covid-19 doesn't affect the cryptocurrency market.
In general, Bitcoin is currently considered very good by some people in this world, except for those who do not know it, because there are still many people in this world who do not know Bitcoin.
And for the Covid-19 problem, I don't think it will affect the cryptocurrency market in a bad direction, because when the lockdown period occurs in every country, cryptocurrency users are increasing.

It's also possible, but during the lockdown sometimes this user's income is running low, so he can resell the cryptocurrency he already owns.
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June 09, 2021, 03:43:28 PM
 #4

And hopefully this covid-19 doesn't affect the cryptocurrency market.

Precisely with Covid 19, crypto prices are getting better. Until now the Covid problem has not been resolved, but the price of crypto has increased dramatically. Covid appeared in September 2019 until now. Crypto prices started to increase late 2020 until now. This means that Covid will not have a negative impact on the crypto market.

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June 09, 2021, 04:34:57 PM
 #5

The COVID-19 pandemic has succeeded in making many people around the world invest. From stock market instruments, financial products, precious metals, and most recently there are cryptocurrencies such as bitcoin.
The cryptocurrency market has succeeded in attracting the interest of many people because the profits derived from the increase in the price of the coin have increased dramatically.

Although it can be used as an investment instrument, cryptocurrencies such as bitcoin are not included in the list of conventional investments such as deposits, gold, foreign exchange, property, bonds, or stocks.

From a profit perspective, investing in cryptocurrencies can be more profitable. Because the price increase is very high compared to other investment instruments. Especially at this time, the prestige of bitcoin cs is on the rise.

it would be nice if bitcoin was developed well by those involved, so that the achievements could be felt indirectly by people who have not joined, if bitcoin can be put to good use, then it is possible that there will be a lot of interest among young people.

hopefully bitcoin can still exist and be able to incarnate or answer the concerns of young people who are increasingly unemployed whose future directions are not clear.
So far, bitcoin has been much of a blessing to many specially to the amateur investors who doesn't have strong background with regards to proper handling of finances. Most of us here just learned through our experiences and also reading information about how the market works. The pandemic has been a good opportunity or time to start investing yet it could also have a strike back to us once it has already ended as the economy of many countries starts plummeting down. If you are still not securing your future amidst having knowledge about it, you are clearly wasting the chance that not everybody was able to get in their lifetime.
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June 09, 2021, 05:19:26 PM
 #6

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Precisely with Covid 19, crypto prices are getting better. Until now the Covid problem has not been resolved, but the price of crypto has increased dramatically. Covid appeared in September 2019 until now. Crypto prices started to increase late 2020 until now. This means that Covid will not have a negative impact on the crypto market.

That's right, Covid 19 has not disrupted the routine of the crypto market, and the enthusiasm of users is more drastic.
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June 09, 2021, 08:15:24 PM
 #7

So far, bitcoin has been much of a blessing to many specially to the amateur investors who doesn't have strong background with regards to proper handling of finances. Most of us here just learned through our experiences and also reading information about how the market works. The pandemic has been a good opportunity or time to start investing yet it could also have a strike back to us once it has already ended as the economy of many countries starts plummeting down. If you are still not securing your future amidst having knowledge about it, you are clearly wasting the chance that not everybody was able to get in their lifetime.
Honestly I came into crypto world in early 2013 and I just got into altcoins few months ago, around December or so. I am not even joking, I did invested into ETH a bit, and did "tested" some other stuff as well but they were never serious investment, they were never really a good amount of money gone or earned from them.

However since December I have been investing into other stuff, mainly BNB so it may not be considered too much of a risk, but I earned a ton of money there, I first bought mine at 37 dollars, so I made like 10x even right now, got to like 15x profit and then some. I went into BSC and bought some coins there like cake, so basically it is a very profitable business for me. At the end of the day it took me this long to make that kind of profit, and I feel like it is normal to be just interested in bitcoin and nothing else when you are new.

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June 09, 2021, 10:04:51 PM
 #8

In the next 7 years, about 1,500,000 bitcoins will be mined, and the demand for mining equipment is huge. Orders are already being accepted for next year. Ethereum will soon stop POV mining and switch to a deflationary model. In the next 10 years, it is planned to reduce the number of coins to 100,000,000.
The demand will be huge, I envy those who managed to buy these coins at a low price.

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June 10, 2021, 03:19:59 AM
 #9

The cryto market is going through chains of manipulative tweets from reputable share holders in the cryto Industry causing the value to either appreciate or depreciate but that doesn't stop the fact that it's taking over the order of investment creating more opportunities to young developers and explorers as well as investors who invest in diverse projects and take profits from each projects that stands the volatility of the cryto Industry. I feel the wealth are only manipulating the market so as to get a good price to invest their fortune in the coin of their choice

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June 10, 2021, 04:13:58 AM
 #10

In this pandemic alot of people really hard to looking for a job. And also many employees quit from their job, including me. I really don't have a job that guaranteed offer monthly income, but crypto and stocks market give solutions for this problem. I think a million people already helped from both market to gain profit, and use it to buy foods and others daily needs for their family.

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Bitcoinjheta
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June 10, 2021, 04:50:42 AM
 #11

In this pandemic alot of people really hard to looking for a job. And also many employees quit from their job, including me. I really don't have a job that guaranteed offer monthly income, but crypto and stocks market give solutions for this problem. I think a million people already helped from both market to gain profit, and use it to buy foods and others daily needs for their family.
Truly said and i am one those people who have no work because of the pandemic.Even this Covid 19 that has greatly affecting the economy world wide the digital currency impressively rose its value to $64K which for me it greatly help to my financial needs of my family through cryptohunter, bitcoin investor and other potential altcoins in the market. It was the answered prayer to my hungry pocket.
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June 10, 2021, 05:14:26 AM
 #12

Do you know Robert T. Kiyosaki, the author of the best-seller book "Rich dad, poor dad"?

Here is one of his tweet
Quote
Bitcoin crashing. Good news. Getting ready to buy more. Remember the problem is not Elon Musk or Bitcoin. The problems are the Fed, Treasury, and Biden. Gold,  silver and Bitcoin are the solutions. Take care.
He has many other tweets about Bitcoin and began to show big interest in Bitcoin since 2019, if my memory is accurate.

I hope that tweet means something for newbies or observers who try to join the Bitcoin market but always fear so far.

.
.Duelbits.
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OcTradism
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June 10, 2021, 07:27:25 AM
 #13

I've been following Robert since I've read that book, and I can say that he's pro financial literacy and really against fiat currency based on his so many post. Bitcoin might fall in price but looking at it fundamentally, we can really say that its the future.
What is the future you are discusssing? Bad or bright for Bitcoin.
 
Quote
I don't want to be thankful to Covid19 honestly because of so many lives taken away by this virus but looking at the bright side, online transactions become more popular because of this, same thing with Bitcoin.
The world is in a deeply sad two years time. My deeply condolences to all who lost themselves or lost their relatives or loved ones in the pandemic.

The pandemic changes the world. Companies allow online working and many employees of Apple don't want to come back to office and fully work in the office. They are wanting to work at homes full time.

Quote
Bitcoin will continue to grow and many countries will make this one legal just like El Salvador.
Years ago, Venezuela made noise and failed in bear market. This year, El Salvador is a higher step into the future. Thanks El Salvador.

It is only the beginning and I don't know El Salvador will succeed with it or will fail.

.
.Duelbits.
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semobo
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June 10, 2021, 09:00:46 AM
 #14

The COVID-19 pandemic has succeeded in making many people around the world invest. From stock market instruments, financial products, precious metals, and most recently there are cryptocurrencies such as bitcoin.
The cryptocurrency market has succeeded in attracting the interest of many people because the profits derived from the increase in the price of the coin have increased dramatically.

Although it can be used as an investment instrument, cryptocurrencies such as bitcoin are not included in the list of conventional investments such as deposits, gold, foreign exchange, property, bonds, or stocks.

From a profit perspective, investing in cryptocurrencies can be more profitable. Because the price increase is very high compared to other investment instruments. Especially at this time, the prestige of bitcoin cs is on the rise.

it would be nice if bitcoin was developed well by those involved, so that the achievements could be felt indirectly by people who have not joined, if bitcoin can be put to good use, then it is possible that there will be a lot of interest among young people.

hopefully bitcoin can still exist and be able to incarnate or answer the concerns of young people who are increasingly unemployed whose future directions are not clear.
Bitcoin is not a tool to make poor people to become rich but if they want they they can make use of the decentralization to attain financial freedom and get out of the trap where we are stuck in for our entire lifetime.
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June 10, 2021, 09:37:29 AM
 #15

I think everyone can give their own perspective and opinion about Bitcoin and other cryptocurrencies, But it doesn't mean that they are right, many times the market proves that they are wrong no matter what happens Bitcoin will remain as it is and all FUD is just temporary after that Bitcoin and Altcoin prices will rise again in fact even covid19 pandemic cannot stop the Bitcoin and altcoins growth.  
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June 10, 2021, 01:00:59 PM
 #16

Does bitcoin makes the poor people to be rich? Absolutely no, it is here for the elimination of middle men. Not every crypto investors are millionaires and not every millionaires invested in cryptos so its their personal preference and people are more interested in the cryptos now because there is an unbeliveable growth in the crypto market which is never achieved in any other investment sector.









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happen or be a part of it"

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June 10, 2021, 01:20:51 PM
 #17

There have been many changes during the pandemic, starting from working at home virtually and restrictions on activities and having to follow all health protocols and cryptocurrencies are solutions of the many that exist to get passive income.

Recently, good news came from the country of El Salvador. The country is the first country in the world to legalize bitcoin as a means of payment https://twitter.com/DocumentingBTC/status/1402641055682596864 and I'm sure there will be many more countries that participate in this.

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