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Author Topic: Bitcoin could have helped so many more people  (Read 887 times)
Negotiation
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January 05, 2025, 02:47:22 AM
 #81

Bitcoin is a digital and decentralized currency. Its journey is not long. Many countries in the world are familiar with this technology and many countries have legalized it. Many big companies in the world invest here. However, whether someone believes in Bitcoin and invests in it or not is a personal matter. There are some people in the world who think it is unrealistic because they may not understand the technology well. They do not know how it works, which is why they are not interested in investing. However, only those who invest here and get good results will understand how good a source of income it is and how safe it is.

Bitcoin the world's most used and recognized currency,the largest cryptocurrency by market capitalization.The popularity of Bitcoin has increased and risen over the years up till now.Bitcoin has the capacity of improving and impacting people in course of financial independence,entrepreneurial opportunities, enabling efficient online transactions and reducing risks over fraud.
Agreed bitcoin is growing in popularity as time goes by. Cryptocurrencies like bitcoin could be a way to provide financial services to countless people who are outside the banking system. Especially in developing countries using bitcoin can make it easier to transact and save money bitcoin transactions are fast and based on blockchain technology bitcoin transactions are transparent and secure. This can help prevent corruption and money laundering. Bitcoin is not controlled by any central authority which means it is free from government or bank interference. It can be a powerful tool for financial freedom and rights.
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January 05, 2025, 03:54:27 AM
 #82

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
Post like this, makes me feel like that people like the op are putting so much pressure on bitcoin and over expecting a whole lot from it.
Just as the first response said that, gold and silver are free gift from nature but yet, only a few own it but no one actually cares about the majority who don’t have it so why should people now care about people owning bitcoin who is still in an infant stage as compared to gold and other free gifts of nature?

Everyone has their choices of investment and bitcoin is accepted by those who believe in it and owned by those who can afford it.
I know of people who have great knowledge of bitcoin(atleast the preliminary knowledge of buying, holding and its benefits) but yet don’t own it because they can’t afford it, I believe we can’t mount any pressure on such people because of preferences and challenges aren’t the same.

In one way, people took more time to understand what bitcoin is. When people started to realize the value of bitcoin, it had gone out of hand. This way, the majority of the people have missed the opportunity. Every time such a thread gets created, it is able to see users stating, even now it is good to invest. Maybe it
With the help of DCA method, I think anyone is welcome to invest at anytime regardless of the market price of bitcoin, hence I wouldn’t say they’ve missed the opportunity.
At some point, I think it’s best to have a good and proper knowledge of the market and industry before jumping into it as it is always said that, the maker is a volatile one and everyone is solely responsible for their actions that’s why it’s always preached to only invest what we can afford to lose.

In conclusion, bitcoin still has a very long way to go to achieve it’s primary objective as a digital currency for legal tender globally but for now, it’s worth saying that, it can’t favor everyone.

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