Bitcoin is imagined as a Crush Queen

Igebotz

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Quote from: Upgrade00 on January 26, 2023, 04:37:40 PM

Quote from: ?? on ??

It is not safe to keep all eggs in the same cage

Holding Bitcoin and a couple other shitcoins does not count as diversification.

You're better off holding assets from a different industry or niche, than holding a bunch of hugely correlated assets.

spot on!! exactly my thought when i hear someone classify hoding bitcoin and some shitcoin diversifications- to OP Upgrade is correct if you are not hodling/investing in Gold, stocks, bonds, real estate and commodities then you are keeping all eggs in one basket hodling only Bitcoin and shitcoin.

However, it is important to note that the value of Bitcoin and other shitcoins can be highly and you understand that it is a speculative investment in which they may lose money. only invest what you can lose

Accardo

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Quote from: roksana.hee on January 25, 2023, 03:06:42 AM

It has become increasingly popular in recent years as a digital currency that can be used to buy goods and services online. The concept of Bitcoin is often likened to a ' Crush Queen', as it has the power to make people fall in love with it. It is seen as a viable alternative to traditional currencies, as it offers low transaction fees, quick transfer times, and anonymity. It is also seen as a potential hedge against inflation and currency devaluation.

You cracked me here, qualifying bitcoin with crush queen is incredible! No wonder bitcoin attracts more of men. However, the motive and aim of bitcoin is to bring freedom to the financial world. That's why it possesses all the features you listed above, but those features can be twisted anytime soon to suit the market. For instance with low transaction fees they may not be a quicker transfer times; if they're plenty of transactions to process people may no longer depend on low transaction fees as they'll want immediate transfer of their funds. And the anonymity is not fully covered, they're some loopholes in the anonymity which the crush queen claim to possess. But, aside these I love bitcoin for some personal reasons and it'll be bad to share my love story to the public; I'll be heartbroken if everyone knows my private keys, she strictly advised me to keep it secret. And I crossed my heart.

drwhobox

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A 'crush queen' where you heard this word from? Though bitcoin has able to attract so many peoples over the year but I've never heard of such things.
Stop calling bitcoin a Cush Queen it sounds cringe.

Quote from: roksana.hee on January 25, 2023, 03:06:42 AM

In the future Crypto Currency lead the world's most vital part of Buying and selling any kind of products. If Crypto is legal by the government and the government gives importance to Crypto's growth in every nation. So we can see, it's obviously leading the future online world.

Yeah in the future crypto will be part of many transactions, and many products and companies will implement bitcoin/crypto as an option for payment. Also now many companies have the option for bitcoin payment.

Quote

If Crypto is legal by the government and the government gives importance to Crypto's growth in every nation. So we can see, it's obviously leading the future online world.

Crypto will not be legalized by the governments, and it will not impact the growth/adoption of bitcoin.

Upgrade00

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Quote from: roksana.hee on January 25, 2023, 03:06:42 AM

It is a decentralized form of payment that is not controlled by any government or bank.
...

If Crypto is legal by the government and the government gives importance to Crypto's growth in every nation. So we can see, it's obviously leading the future online world.

Both of the statements above are contradictory.
Bitcoin does not need the legality or recognition of governments inorder for it it be given importance or for it to gain more adoption. As a decentralized currency it functions without control or regulations and governments always opt for the order and control, reason they are leaning towards CBDCs.

Quote from: ?? on ??

It is not safe to keep all eggs in the same cage

Holding Bitcoin and a couple other shitcoins does not count as diversification.

You're better off holding assets from a different industry or niche, than holding a bunch of hugely correlated assets.

BIT-BENDER

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I don’t understand what crush queen is, is it a movie or something? Regardless I think this type of post can make most newbies not fully understand what Bitcoin is all about.

I don’t think decorating bitcoin with sweet name is helpful for its adoption because it won’t reach out to critical thinkers. Try to be very raw and direct about bitcoin and Crypto-currency. Touch the benefits and yes the dangers too.

roksana.hee

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Quote from: Ndabagi01 on January 25, 2023, 06:45:49 PM

We are optimistic of the new morning coming but we can’t completely wait forever. We the few amongst the billions of people in the world that knows the potential of bitcoin and what it stands for will continue to leverage on it without been persuaded by the government or the rest citizens who don’t value it.

Cryptocurrency is a relatively new form of digital currency that has been gaining attention in recent years. While it offers advantages such as quick transactions, no overseas fees, and privacy, it also has a few drawbacks. One of the most prominent ones is that it can take a long time for transactions to be processed. This is due to the fact that the process needs to be verified by a network of computers, which can take anything from a few minutes to days depending on network traffic. Additionally, the volatile nature of most cryptocurrencies means that their value can go up or down drastically in a short period of time, making investing in them a risky endeavor.

Quote from: Doan9269 on January 26, 2023, 07:07:01 AM

Bitcoin is regarded as a digital and a profitable asset and currency that is decentralized, it must be learnt and invested the proper way to avoid unfortunate circumstances with ones investments, what you seems to imagined can be the experience you can get with Bitcoin only if you pay total attention to the procedures required in it, it's no more new that Bitcoin is evidently different from any other crypto, your entire asset invested on Bitcoin cannot went down to zero with Bitcoin.

It is not safe to keep all eggs in the same cage

Doan9269

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Bitcoin is regarded as a digital and a profitable asset and currency that is decentralized, it must be learnt and invested the proper way to avoid unfortunate circumstances with ones investments, what you seems to imagined can be the experience you can get with Bitcoin only if you pay total attention to the procedures required in it, it's no more new that Bitcoin is evidently different from any other crypto, your entire asset invested on Bitcoin cannot went down to zero with Bitcoin.

Ndabagi01

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We are optimistic of the new morning coming but we can’t completely wait forever. We the few amongst the billions of people in the world that knows the potential of bitcoin and what it stands for will continue to leverage on it without been persuaded by the government or the rest citizens who don’t value it.

roksana.hee

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Bitcoin is a revolutionary digital asset and cryptocurrency that was created to redefine the way money is used. It is a decentralized form of payment that is not controlled by any government or bank. It has been gaining in popularity since its inception in 2009, as it allows for transactions to take place without the need for a third-party intermediary. In its early days, Bitcoin was met with skepticism, but it has since been embraced by millions of users around the world. It has become increasingly popular in recent years as a digital currency that can be used to buy goods and services online. The concept of Bitcoin is often likened to a ' Crush Queen', as it has the power to make people fall in love with it. It is seen as a viable alternative to traditional currencies, as it offers low transaction fees, quick transfer times, and anonymity. It is also seen as a potential hedge against inflation and currency devaluation.

In the future Crypto Currency lead the world's most vital part of Buying and selling any kind of products. If Crypto is legal by the government and the government gives importance to Crypto's growth in every nation. So we can see, it's obviously leading the future online world.

We are waiting for the new morning.

Topic: Bitcoin is imagined as a Crush Queen (Read 131 times)