Bitcoin and Bad Economy - page 2. | Bitcointalksearch.org

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Quote from: Helena Yu on April 08, 2023, 11:51:21 PM

Do you think those experts will give you a good advice regarding Bitcoin investment? they might doesn't know how Bitcoin works.

I still saw a lot people which claim to be experts were talking about Bitcoin is decentralized and no one can stop it, but at the same time they suggest anyone to store Bitcoin in Binance because they say Binance have SAFU Grin

It's contradict the definition of decentralization since you're holding your coins on a centralized site.

Not all people are fakes. There are some gurus that share their knowledge about Bitcoin and the possible trend which can give their audience the opportunity to earn profit. One of them is Bob Loukas where if we happen to ride his predictions and his challenge, we might be in a huge profit by now.

Those who suggest storing our crypto in centralized exchanges is either wannabes' or being sponsored or paid by exchanges. One thing should be done, we should confirm anything we heard in order to not be misguided.

Quote from: AnonBitCoiner on April 09, 2023, 12:32:27 PM

There is ko any currency which has no risk and because of these risky situations we cannot avoids its beneficial aspects. Bitcoin is the only way which can protect your money in a case when you have complete information that what to do during these situations.

By talking to expert he will always suggest you to put money into bitcoin because it cannot reduce your money. Later is the luck but as we see towards the history so bitcoin success is 100 percent if carry out correctly.

People are not afraid with any other type of business but they get frightened with investment in Bitcoin but actually they should think that there is no any business which is free from risk but the main thing is out reaction and use of mind that in which direction we use it whether in a successful way or unsuccessful way.

In general there is no investment that has no risk.

hannahB4

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Holding Bitcoin is a good asset and an investment opportunity, but you can't hold fiat that same way because idle fiat won't yield any profit rather you will make a loss. Bitcoin has nothing to do with a Bad economy at least not for my country.

AnonBitCoiner

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There is ko any currency which has no risk and because of these risky situations we cannot avoids its beneficial aspects. Bitcoin is the only way which can protect your money in a case when you have complete information that what to do during these situations.

By talking to expert he will always suggest you to put money into bitcoin because it cannot reduce your money. Later is the luck but as we see towards the history so bitcoin success is 100 percent if carry out correctly.

People are not afraid with any other type of business but they get frightened with investment in Bitcoin but actually they should think that there is no any business which is free from risk but the main thing is out reaction and use of mind that in which direction we use it whether in a successful way or unsuccessful way.

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Quote from: Ojima-ojo on April 08, 2023, 02:50:33 PM

But when we talk about an edge above inflation, then we should truly hold Bitcoin against the traditional currencies who are slaves to inflation and money printing scam from
the central bank.

If we talk about the advantages of investment, it is clear that Bitcoin is in first place, even now Bitcoin investment has beaten investment by large companies such as the NASDAQ. In period 1 the return of BItcoin reached 69% and volatility was at 59. So Bitcoin investment now will be everything, it's just how do we minimize negative things from happening.

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BREAKING‼️ #Bitcoin returns in Q1 exceeded ALL assets and was the only one whose gain exceeded the 90-day volatility - Bloomberg Intelligence

If anyone still doubts Bitcoin at this time, of course we need to ask how far they understand Bitcoin. Even a few days ago Michael Saylor just bought an additional 1,045 Bitcoin. This suggests the future for Bitcoin will be bright in the coming months, or next year at the latest.

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Quote from: Sidra101 on April 08, 2023, 12:34:20 PM

It's smart to do your own research and talk to experts before you invest any money.

Are there any experts in cryptocurrency?

Maybe they could speculate to a pin point accuracy the or even within a tens range the next price of bitcoin in few days or a week.
Perhaps they could advice on the next coin that would go to the moon....

There are no such person or group that could be regarded go be an expert on the course, non that I know of but, we've got those that try more than others.
It is actually a right idea to always talk with those that know more about a field than yourself before you go in but, their ideas are not ultimate still so, you have to subject it to further verifications and don't stop at one.

Bitcoin is volatile and not exactly a store of value as one might hope due to its volatile nature but, it could as well increase value and that is dependent on the timing you give it.

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Quote from: Sidra101 on April 08, 2023, 12:34:20 PM

People think Bitcoin could be a way to protect their money if the economy gets uncertain, especially if there's inflation or the value of money goes down. This is because there's only a limited amount of Bitcoin and it's not controlled by any one government or group. But it's also important to remember that Bitcoin can be risky, just like any investment. It's smart to do your own research and talk to experts before you invest any money.

The basic purpose of creating Bitcoin payment method was to provide safeguards to your fiat money against consistent devaluation due to unlimited supply of fiat currencies controlled by central banks of the countries and this is the reason it is widely regarded as one of the best performing assets. It is true that it very risk due to its extreme volatility but holding it for long term is always beneficial.

Helena Yu

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Do you think those experts will give you a good advice regarding Bitcoin investment? they might doesn't know how Bitcoin works.

I still saw a lot people which claim to be experts were talking about Bitcoin is decentralized and no one can stop it, but at the same time they suggest anyone to store Bitcoin in Binance because they say Binance have SAFU Grin

It's contradict the definition of decentralization since you're holding your coins on a centralized site.

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Quote from: Sidra101 on April 08, 2023, 12:34:20 PM

People think Bitcoin could be a way to protect their money if the economy gets uncertain, especially if there's inflation or the value of money goes down. This is because there's only a limited amount of Bitcoin and it's not controlled by any one government or group.

I guess historically, Bitcoin has been tested to be a good hedge against economic uncertainties. The first use case of it is against the pandemic, we've seen that every traditional market has been affected when the news about the pandemic came out and how scary it was that time. Bitcoin goes down <$4k, however, we quickly bounce back and we even reach a new all time high in 2021. So it make sense for anyone, not just investors, but even just average joe, if they are smart to look for a asset to put their wealth to mitigate the risk of inflation.

Quote from: Sidra101 on April 08, 2023, 12:34:20 PM

But it's also important to remember that Bitcoin can be risky, just like any investment. It's smart to do your own research and talk to experts before you invest any money.

Any form of investment has risks not just Bitcoin though, it's just up to us how we are going to take it. Majority see the risk and volatility as a good indication so they trade and try to make money out of it. And with that, not sure if you need to talk to "experts". This is a non-traditional market, everyone here can be experts and can advise you and make their own wild and educated guess as where the price would go.

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Quote from: mendace on April 08, 2023, 03:16:36 PM

I'll be honest, is this financial advice yours? I don't understand if you are telling us to be careful about investing in Bitcoin in a forum that talks about Bitcoin or if you wrote the first thing that came to your mind.

It's not the OP trying to give the forum users advise regarding Bitcoin.
But it's the OP trying to pass a message from CHATGPT to the forum.

serjent05

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Quote from: BIT-BENDER on April 08, 2023, 03:31:26 PM

Quote from: mendace on April 08, 2023, 03:16:36 PM

I'll be honest, is this financial advice yours? I don't understand if you are telling us to be careful about investing in Bitcoin in a forum that talks about Bitcoin or if you wrote the first thing that came to your mind. Obviously Bitcoin is decentralized and inflated by nature so it is natural that it scares traditional finance, indeed it will be its worst nightmare.

In my own opinion the post was very basic and a repetition of what has been said a lot of time. I wonder if some members actually understand what they write or they actually write what they feel the forum wants to hear.

True this topic is too generic and easy to discuss, though it does not add any valuable information since the topic is already used several times. But despite of that, instead of using the search function and join the existing thread discussion, they created the same generic thread instead just to add activity to the account and fish merit later.

Quote from: BIT-BENDER on April 08, 2023, 03:31:26 PM

Bitcoin is volatile just like every other Crypto-currency in the market, but the level of strength of bitcoin admits all of the volatile and it’s price value makes it a better option for any one who can afford it. This isn’t a financial advice.

The volatility of Bitcoin makes it attractive to speculative investors. It is also one of the major factors that contribute to the creation of the Bitcoin community and Bitcoin adoption.

I a bad economy Bitcoin enables the participation of the unbanked and underbanked in the national and global market. With this participation of these type of group, it somehow strengthens the economy and creates more demands and source of income for the people and companies that offer and accept services paid in Bitcoin.

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Quote from: Sidra101 on April 08, 2023, 12:34:20 PM

Some investors view Bitcoin as a potential hedge against economic uncertainty, particularly inflation or currency devaluation. This is because Bitcoin's limited supply and decentralized nature make it resistant to some of the economic forces that affect traditional currencies and financial systems.

Yes, one of the most powerful potentials of Bitcoin is the limited supply and decentralization but you fail to add consensus and block halving which play significant roles in the increase of the market demand.
The major forces that affected the traditional currencies and financial system are because of the mode of operation they practice and the printing of more fiat currency.

BIT-BENDER

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Quote from: mendace on April 08, 2023, 03:16:36 PM

I'll be honest, is this financial advice yours? I don't understand if you are telling us to be careful about investing in Bitcoin in a forum that talks about Bitcoin or if you wrote the first thing that came to your mind. Obviously Bitcoin is decentralized and inflated by nature so it is natural that it scares traditional finance, indeed it will be its worst nightmare.

In my own opinion the post was very basic and a repetition of what has been said a lot of time. I wonder if some members actually understand what they write or they actually write what they feel the forum wants to hear.

Bitcoin is volatile just like every other Crypto-currency in the market, but the level of strength of bitcoin admits all of the volatile and it’s price value makes it a better option for any one who can afford it. This isn’t a financial advice.

mendace

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I'll be honest, is this financial advice yours? I don't understand if you are telling us to be careful about investing in Bitcoin in a forum that talks about Bitcoin or if you wrote the first thing that came to your mind. Obviously Bitcoin is decentralized and inflated by nature so it is natural that it scares traditional finance, indeed it will be its worst nightmare.

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Quote from: Moeda on April 08, 2023, 01:06:14 PM

Financial experts are not to predict the movement and volatility of Bitcoin prices, but to minimize losses, especially in the field of fraudulent investment. Bitcoin has a high level of security or a high trust value. But platforms that provide Bitcoin services are not necessarily trustworthy. So this is the function of experts in the financial sector, at least to understand the digital platforms that are currently developing. Bitcoin has never committed fraud, but many have used Bitcoin to commit fraud. This is the main function of the discussion about Bitcoin.

You practically nailed the whole point there, the truth of the matter is that bad actors have been the major challenges in the Bitcoin economy and this is why it will be hard for us to have a clean sheet because of the many frauds committed by the so called Bitcoin services providers who have not been straight or supporting to the existing Bitcoin protocol.

Bitcoin is secured trusted and highly secured, but third-party Bitcoin services providers such as fake and scam investment platforms and other money laundering platforms have been the bad actors we are talking about here.

But when we talk about an edge above inflation, then we should truly hold Bitcoin against the traditional currencies who are slaves to inflation and money printing scam from
the central bank.

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Quote from: Sidra101 on April 08, 2023, 12:34:20 PM

It's always advisable to conduct thorough research and consult with financial experts before making any investment decisions.

No need for any financial experts consultation, you're the expert on your own, why? Because you're the one that should conduct your own research because it is your money that you're protecting and investing.

The decision shouldn't come from anyone if you're about to invest bitcoin and that's why it must be you that should decide whether you will or will not invest.

Stop relying on those "financial experts", they're not really experts, they've just labeled themselves as is but look at the real experts. They're not just some self proclaimed experts but they've got results and truly rich people.

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Quote from: Sidra101 on April 08, 2023, 12:34:20 PM

Some investors view Bitcoin as a potential hedge against economic uncertainty, particularly inflation or currency devaluation. This is because Bitcoin's limited supply and decentralized nature make it resistant to some of the economic forces that affect traditional currencies and financial systems.
it's important to note that Bitcoin, like any investment can be subject to volatility and other risks. It's always advisable to conduct thorough research and consult with financial experts before making any investment decisions.

Not some investors but all investors who use bitcoin see bitcoin has a very important investment tool or asset against the Fiat Economy. Bitcoin can not stop inflation. It can only stop the devaluation of the National Economy. Bitcoin. I don't think the limited supply of bitcoin has anything to do with the traditional economy.

It is nice to ask a business guru instead final expert, those who are already in the investment system are the best people to inquire how the system works, there are some financial experts that not in the field work but only on the theory aspect so if you asked them they might mislead you.

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Quote from: Orpichukwu on April 08, 2023, 12:45:31 PM

Both currency are subjected to voitilty but just as you mentioned Bitcoin has limited supply why fiat don't have. That's what makes Bitcoin safer than investing and holding fiat.

Holding fiat is always not a preferable option. While bitcoin was not around people used to hold gold instead of fiat, but some people don't know why save fiat on banks or in-house.
Fiat will not give any return but bitcoins will do. That is why wise people now don't invest in fiat, they go for bitcoin.

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Bitcoin has become an integral part of the global economy, whether we acknowledge it or not. The traditional fiat system has always been at odds with Bitcoin and this conflict is likely to persist indefinitely. The reason for this is that Bitcoin is a truly decentralized cryptocurrency that cannot be controlled by centralized economists. This poses the greatest challenge to Bitcoin. Another issue is that people often view Bitcoin solely as an investment asset, when it should be regarded primarily as a currency for borderless transactions. Therefore, we need to treat Bitcoin as a proper currency and then consider investing in it.

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Quote from: Moeda on April 08, 2023, 01:06:14 PM

Financial experts are not to predict the movement and volatility of Bitcoin prices, but to minimize losses, especially in the field of fraudulent investment. Bitcoin has a high level of security, or a high trust value. But platforms that provide Bitcoin services are not necessarily trustworthy. So this is the function of experts in the financial sector, at least to understand the digital platforms that are currently developing. Bitcoin has never committed fraud, but many have used Bitcoin to commit fraud. This is the main function of the discussion about Bitcoin.

The analysis that you convey is far more logical in understanding something that has happened and is easily translated in cases that often occur in Bitcoin. In principle, it is not Bitcoin who committed fraud, but people use Bitcoin as a medium to commit fraud indirectly. So it is not feasible to say in general that Bitcoin committed fraud, while a platform that provides services is also another media that is not directly related to Bitcoin.

People cannot sort out to each other so they try to equalize as a whole, even though Bitcoin will never have a price or never become the best asset for investment if there is no relationship between supply and demand in its journey. Connecting as a whole with bitcoin is clearly something wrong and the relationship must also be separated to be tracked one by one.

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Quote from: Sidra101 on April 08, 2023, 12:34:20 PM

Some investors view Bitcoin as a potential hedge against economic uncertainty, particularly inflation or currency devaluation. This is because Bitcoin's limited supply and decentralized nature make it resistant to some of the economic forces that affect traditional currencies and financial systems.
it's important to note that Bitcoin, like any investment can be subject to volatility and other risks. It's always advisable to conduct thorough research and consult with financial experts before making any investment decisions.

You should teach those investors that bitcoin is not the reason behind currency devaluation. The governments and banks that print so many notes of a currency are the main negative actors who devalue a currency. Corrupt officials are also responsible for the devaluation of a currency due to their greedy nature.

Yes, Bitcoin is decentralized and its total supply is limited to 21 million Bitcoin only. I think that's a great thing about it. I believe that makes Bitcoin a gem in this digital world.

It's true that Bitcoin is volatile but those who understand the art of Hodling don't have to worry about the volatility. As long as they Hodl their Bitcoin, they are safe from any known risks. I don't believe that it's needed to ask others advice before investing in Bitcoin, it's far better to invest on your own. You can also learn about Bitcoin from online resources before investing in it. This forum is also one of those useful resources.

Topic: Bitcoin and Bad Economy - page 2. (Read 362 times)