S&P500 on the side. Shares.
Soeh. The bitcoin core team was sued by Craig Wright. 1.2 Billion. You have anything about that?
I get my beer..
Topic: Can Bitcoin save us - page 3. (Read 2159 times)
Leaving money in the bank overtime is not a good idea because of inflation, it is a very common thing to know that fiat usually depreciate due to inflation. Bitcoin can be consider to be a good store of value if only one is interested of hodling it for a longtime, with this it will sure add good value compare to when it is left in the bank.
Saving is okay, we can't blame people who want to save money on banks. There are people who want to have savings in fiats, too.However, if the purpose is for investment, I agree that Bitcoin is much better than fiats. Bitcoin offers the chance to get high profits if we hold for a long term. Bitcoin also fluctuates, we should be aware that we must have proper knowledge to understand the cycle. So, we can get the right time for the entry and exit.
Even the dollar can even save you. You may think since the dollar is more valuable than your country's currency then it can be a good option to store your money value but it is not, the dollar has the same quality just like every other fiat. Bitcoin is a good asset to add value to one's money.
Dollar is fiat, local currency is fiat. There is nothing different with them. I don't know that there are people who assume dollar is better.By the way, if it is for payment purpose, we still can't rely on Bitcoin since it is forbidden in some countries. In my country, we are unable to use Bitcoin for paying any goods or services because it is illegal. But if we use it for assets, it is legal and can be used for anyone.
As the value of money is constantly decreasing in our country i.e. inflation is happening, it seems that it will be more profitable to invest in Bitcoin and hold it for a long term rather than keeping money in the bank. Since keeping money in the bank gives less return, there is no benefit in keeping money in the bank, but instead of keeping money in the bank, if you invest in Bitcoin and hold it for 5 or 10 years, I think you will get more profit in this case than fixed deposit. Moreover, I believe that if we keep holding bitcoins than insurance, it will definitely be more profitable.
All in all, if the dollar can save us, Bitcoin can save us as much as the dollar.
All in all, if the dollar can save us, Bitcoin can save us as much as the dollar.
Yes. Our currencies are affected by inflation, and also saving money in banks is not going to give any profit at the end of the day, but that shouldn’t be the reason why you should be saving all your money in bitcoin.
Don't forget that the market is volatile; it can go any other way at anytime, so any money that is not meant to be invested in bitcoin, saving it in bitcoin is just as if you invested it, and you may need the money at any time, but if it's money that you won't need for a long time, then you can invest it in bitcoin, and don’t that be a savings because that is not actually saving it’s investment.
Also, the dollar is a currency in another part of the world, so for that you can’t compare the dollar with bitcoin. I think it is not correct when you say the dollar will save us; the correct work you should use here is that bitcoin will save us and not the dollar since the dollar is a currency in another country, just the way your country also has its own fiat currency.
As the value of money is constantly decreasing in our country i.e. inflation is happening, it seems that it will be more profitable to invest in Bitcoin and hold it for a long term rather than keeping money in the bank. Since keeping money in the bank gives less return, there is no benefit in keeping money in the bank, but instead of keeping money in the bank, if you invest in Bitcoin and hold it for 5 or 10 years, I think you will get more profit in this case than fixed deposit. Moreover, I believe that if we keep holding bitcoins than insurance, it will definitely be more profitable.
All in all, if the dollar can save us, Bitcoin can save us as much as the dollar.
Leaving money in the bank overtime is not a good idea because of inflation, it is a very common thing to know that fiat usually depreciate due to inflation. Bitcoin can be consider to be a good store of value if only one is interested of hodling it for a longtime, with this it will sure add good value compare to when it is left in the bank. Even the dollar can even save you. You may think since the dollar is more valuable than your country's currency then it can be a good option to store your money value but it is not, the dollar has the same quality just like every other fiat. Bitcoin is a good asset to add value to one's money.All in all, if the dollar can save us, Bitcoin can save us as much as the dollar.
As the value of money is constantly decreasing in our country i.e. inflation is happening, it seems that it will be more profitable to invest in Bitcoin and hold it for a long term rather than keeping money in the bank. Since keeping money in the bank gives less return, there is no benefit in keeping money in the bank, but instead of keeping money in the bank, if you invest in Bitcoin and hold it for 5 or 10 years, I think you will get more profit in this case than fixed deposit. Moreover, I believe that if we keep holding bitcoins than insurance, it will definitely be more profitable.
All in all, if the dollar can save us, Bitcoin can save us as much as the dollar.
Leaving money in the bank overtime is not a good idea because of inflation, it is a very common thing to know that fiat usually depreciate due to inflation. Bitcoin can be consider to be a good store of value if only one is interested of hodling it for a longtime, with this it will sure add good value compare to when it is left in the bank. Even the dollar can even save you. You may think since the dollar is more valuable than your country's currency then it can be a good option to store your money value but it is not, the dollar has the same quality just like every other fiat. Bitcoin is a good asset to add value to one's money. All in all, if the dollar can save us, Bitcoin can save us as much as the dollar.
Nobody and nothing will save us. Bitcoin will be a part of economical industry soon.
Bitcoin was designed at that time as an alternative to state-backed fiat money, bitcoin was also created at that time in the midst of the global financial crisis in 2008 if I'm not mistaken. But no one knows who Satoshi created it and this is still a mystery that makes millions of bitcoin fans thirsty to know, even HBO itself made a documentary and wanted to reveal who satoshi was even though we can guess it will not be revealed.
Now in the midst of the growing interest in Bitcoin, bitcoin has become one of the assets that can fight inflation, indeed not as a substitute for fiat currency, but with bitcoin we can use it as a hedge because fiat currency experiences a decrease in value every year.
The public should often educate about bitcoin as a hedge, so that many people are aware of blockchain technology as a future asset, rather than just relying on banks and governments that actually fool the public with the fiat system. The rich are getting richer, the poor are getting poorer, but now with bitcoin everyone has the potential to achieve financial freedom in the future.
From my understanding, it seems Satoshi saw the future, it seem he knew he banking system would begin to fail in the near future therefore he decided to create Bitcoin as a currency that would serve as an alternative, though Bitcoin has not yet been adopted globally but with the way it's going there's a tendency for that to occur and several institutions, business men and some countries are beginning to see the potential of Bitcoin and have adopted it's use for several purposes and I believe that a time shall come when people would disregard banks and focus more on Cryptocurrencies, especially Bitcoin.Now in the midst of the growing interest in Bitcoin, bitcoin has become one of the assets that can fight inflation, indeed not as a substitute for fiat currency, but with bitcoin we can use it as a hedge because fiat currency experiences a decrease in value every year.
The public should often educate about bitcoin as a hedge, so that many people are aware of blockchain technology as a future asset, rather than just relying on banks and governments that actually fool the public with the fiat system. The rich are getting richer, the poor are getting poorer, but now with bitcoin everyone has the potential to achieve financial freedom in the future.
Bitcoin was meant to serve as an alternative to fiat currency for transaction purposes but currency it's seen as an asset for investment as well a means of transaction for businesses and all thanks to the increase of it's value overtime. I was surprised to see that HBO are trying to create a documentary that could reveal the identity of Satoshi but I doubt it they'll achieve that aim cause if Satoshi wanted to be known he would made himself known just like several owners of other Alternate Cryptocurrencies.
The fluctuation is the main reason behind it.Its true that the currencies are loosing its value even the leading currency dollar is loosing its value as you mentioned. We really need an alternate currency but if it is so volatile then we need to think again putting our money. Though it is so volatile still It's believable for investment. I think btc and crypto will not be used as a main alternate currency but it can be used as a alternative investment way.
Bitcoin was designed at that time as an alternative to state-backed fiat money, bitcoin was also created at that time in the midst of the global financial crisis in 2008 if I'm not mistaken. But no one knows who Satoshi created it and this is still a mystery that makes millions of bitcoin fans thirsty to know, even HBO itself made a documentary and wanted to reveal who satoshi was even though we can guess it will not be revealed.Now in the midst of the growing interest in Bitcoin, bitcoin has become one of the assets that can fight inflation, indeed not as a substitute for fiat currency, but with bitcoin we can use it as a hedge because fiat currency experiences a decrease in value every year.
The public should often educate about bitcoin as a hedge, so that many people are aware of blockchain technology as a future asset, rather than just relying on banks and governments that actually fool the public with the fiat system. The rich are getting richer, the poor are getting poorer, but now with bitcoin everyone has the potential to achieve financial freedom in the future.
Looking at the current circumstances of recession and inflation, it would be a bad idea not to have a backup plan for the future.
We cannot really trust fiat for a long term and at present, it has become absolute necessary to diversify your investments.
We can never say what goes down and what gets pulled along with it. Bitcoin is unique and a totally different asset class to hold.
Nobody knows how high bitcoin would go but it will still hold value as it's truly decentralized in nature.
It should surely be one of our major assets in our portfolio to have a sound sleep knowing you have a good backup plan just in case everything falls apart.
I know you are completely right and I agree with it all, but to be honest, the volatility part of Bitcoin and cryptocurrencies is a bit concerning when we picture the negative aspects of it in the long-term. Imagine having most of your wealth stored in Bitcoin, everything is going well, you have planned your retirement, and then as soon as you retire planning on cashing out some of your funds, the price crashes all of a sudden and you lose a huge value for your assets.We cannot really trust fiat for a long term and at present, it has become absolute necessary to diversify your investments.
We can never say what goes down and what gets pulled along with it. Bitcoin is unique and a totally different asset class to hold.
Nobody knows how high bitcoin would go but it will still hold value as it's truly decentralized in nature.
It should surely be one of our major assets in our portfolio to have a sound sleep knowing you have a good backup plan just in case everything falls apart.
In such a scenario, you can't sell anymore because if you do, you will be at a loss, even if you aren't at a loss, it will affect your plans and everything because you are retired now, so you will either have to now wait for the price to either recover or change your plans and everything.
I don't mean to say that Bitcoin doesn't have potential, I know it has huge potential to grow huge in the future, but we know the market is extremely unpredictable.
It has been unpredictable since it's inception but we have still come a far way.
Planning out retirement on bitcoin can be a little tricky considering the given situation.
If I were in situation I would plan to cashout at regular intervals so that I have at least 6 months of expenses covered at any given time.
So if the price crashes I would have at least 6 months to decided a price to cashout again.
A decent strategy is necessary in case of retirement and I think this would suffice the need.
Choosing gold and silver is a behavior of investors who cannot break away from traditional investment preferences and do not want to take too much risk. Investors who diversify their investments also prefer gold and silver along with their Bitcoins. Traditional investment preferences prevent many people from turning to new investment instruments because it is generally difficult for people to give up their accustomed behaviors.
The volatility in the price of Bitcoin creates opportunities for many investors. Most of those who prefer Bitcoin over gold and silver make money at certain periods thanks to this volatility. Since Bitcoin is an investment instrument that has proven itself in the long term, it has become one of the investment instruments preferred by many people, like gold and silver.
The volatility in the price of Bitcoin creates opportunities for many investors. Most of those who prefer Bitcoin over gold and silver make money at certain periods thanks to this volatility. Since Bitcoin is an investment instrument that has proven itself in the long term, it has become one of the investment instruments preferred by many people, like gold and silver.
Bitcoin is just like any other asset. You invest in it, with the hopes of turning a profit in the long run. Whenever you become a success or a failure, greatly depends on the strategy you follow. If you take advantage of the ups and downs (volatility), there shouldn't be a problem. Remember, Bitcoin is not a means of achieving financial prosperity. It's not a miracle worker. You could lose it all if you're careless.
A sound strategy would be to invest a portion into Bitcoin, Gold, and Silver to minimize risks of loss as much as possible. But that's just my opinion. Do your own research to help determine what's best for you. Can Bitcoin save you? That totally depends on you. Now, fixing the world with it, that's an entirely different story. It will never happen because governments won't allow it. At least, we have an escape route from the corrupt Fiat money system. And that's what truly matters.
bitcoin affects real money, it can be seen from the transactions, it can also be seen from the increasing number of bitcoin enthusiasts, but at the end of 2021 the price dropped from 800 million to 266 million, and that was when bitcoin's era shone again until its price rose to 1 billion. it's really amazing, now it's up and down but the changes aren't very big.
Bitcoin is the best project when it comes to crypto, the earlier we realized this the better. Infact there's every present possibility of bitcoin domination in the real world. Bitcoin outrun the current stats of our fiat currency in the whole wide world. We know why the government have been fighting aimlessly just to put a stop to this development, they tried so hard to impose strict orders but at the end of the day, I guess things still fall and everything bounces back to people increases in numbers for the ultimate utilization of the project. Following up the year, its been up and down but the patient onee have a good stable running profitable portfolio. Bitcoin was designated for what purpose? It's been in existence for decades and it's now currently consider huge for everyone. It's all common sense to know that bitcoin is the most volatile project in the space.
bitcoin affects real money, it can be seen from the transactions, it can also be seen from the increasing number of bitcoin enthusiasts, but at the end of 2021 the price dropped from 800 million to 266 million, and that was when bitcoin's era shone again until its price rose to 1 billion. it's really amazing, now it's up and down but the changes aren't very big.
Everything is related and interconnected. Try to pay attention to the behavior of players in the market if there is an issue that makes their investment value unsafe, they will immediately liquidate it and switch to other options that are considered safer and more comfortable.
The impact of geopolitical issues, for example in the Middle East which is currently happening, is also one of the factors that can slow down the increase in BTC prices, for example, what recently happened in the Kavir desert, if I'm not mistaken, two days ago with a new test record.
Yeah, I heard about it too, and it will affect the market to some extent, but that's such an event that, the market will bounce back in no time, in my opinion.
Big institutions would use this opportunity to get better positions for themselves.
bitcoin affects real money, it can be seen from the transactions, it can also be seen from the increasing number of bitcoin enthusiasts, but at the end of 2021 the price dropped from 800 million to 266 million, and that was when bitcoin's era shone again until its price rose to 1 billion. it's really amazing, now it's up and down but the changes aren't very big.
Everything is related and interconnected. Try to pay attention to the behavior of players in the market if there is an issue that makes their investment value unsafe, they will immediately liquidate it and switch to other options that are considered safer and more comfortable.
The impact of geopolitical issues, for example in the Middle East which is currently happening, is also one of the factors that can slow down the increase in BTC prices, for example, what recently happened in the Kavir desert, if I'm not mistaken, two days ago with a new test record.
Every investor has the choice of choosing where to invest and entrusting their money to others based on where they feel safe to keep it. Gold and silver are good investment choices, just like Bitcoin. Bitcoin is very volatile, which is also what makes it a good investment since there's an opportunity for your investment to skyrocket over night and give you an unexpected profit.
But what's the reason why an individual is going to choose gold and silver over Bitcoin when Bitcoin has all the quality that those other two has and has more benefits. Bitcoin can be our saviour from poverty when we choose it over the other two that you mentioned. Bitcoin gives better profits and also retain the wealth that you already have as you don't have to worry about losing your money or your money getting devalued when you invest into Bitcoin. If you keep observing the market regularly that's when you'll become scared that they market is going to crash and make you to lose but in the longer time, you'll see that the market was only being unstable and not crashing.
Can Bitcoin be used as an inflation hedge or a safe haven during inflation? Or when economic crisis and instability hit us? In 2022, when inflation hits our economy and bitcoin also drops more than 70% in that time, do you think it saved us from inflation? No, bitcoin is not perfect enough to replace the role of the other two assets. Bitcoin can bring higher returns but it also comes with more risks, the higher the return the greater the risk.
Bitcoin can be our savior if we have good investment plan and strategy but it can also make us poor quickly if we think that making money from it is easy and helps us get rich quick. It all depends on each of us, not on bitcoin.
There are many of us who are not rich yet even though we are bitcoin investors, but there are also many people who are living a rich life but they don't know what bitcoin is. Bitcoin is not a god that can save us, no one can save us except ourselves.
Every investor has the choice of choosing where to invest and entrusting their money to others based on where they feel safe to keep it. Gold and silver are good investment choices, just like Bitcoin. Bitcoin is very volatile, which is also what makes it a good investment since there's an opportunity for your investment to skyrocket over night and give you an unexpected profit.
But what's the reason why an individual is going to choose gold and silver over Bitcoin when Bitcoin has all the quality that those other two has and has more benefits. Bitcoin can be our saviour from poverty when we choose it over the other two that you mentioned. Bitcoin gives better profits and also retain the wealth that you already have as you don't have to worry about losing your money or your money getting devalued when you invest into Bitcoin. If you keep observing the market regularly that's when you'll become scared that they market is going to crash and make you to lose but in the longer time, you'll see that the market was only being unstable and not crashing.
Choosing gold and silver is a behavior of investors who cannot break away from traditional investment preferences and do not want to take too much risk. Investors who diversify their investments also prefer gold and silver along with their Bitcoins. Traditional investment preferences prevent many people from turning to new investment instruments because it is generally difficult for people to give up their accustomed behaviors.
The volatility in the price of Bitcoin creates opportunities for many investors. Most of those who prefer Bitcoin over gold and silver make money at certain periods thanks to this volatility. Since Bitcoin is an investment instrument that has proven itself in the long term, it has become one of the investment instruments preferred by many people, like gold and silver.
Every investor has the choice of choosing where to invest and entrusting their money to others based on where they feel safe to keep it. Gold and silver are good investment choices, just like Bitcoin. Bitcoin is very volatile, which is also what makes it a good investment since there's an opportunity for your investment to skyrocket over night and give you an unexpected profit.
But what's the reason why an individual is going to choose gold and silver over Bitcoin when Bitcoin has all the quality that those other two has and has more benefits. Bitcoin can be our saviour from poverty when we choose it over the other two that you mentioned. Bitcoin gives better profits and also retain the wealth that you already have as you don't have to worry about losing your money or your money getting devalued when you invest into Bitcoin. If you keep observing the market regularly that's when you'll become scared that they market is going to crash and make you to lose but in the longer time, you'll see that the market was only being unstable and not crashing.
Looking at the current circumstances of recession and inflation, it would be a bad idea not to have a backup plan for the future.
We cannot really trust fiat for a long term and at present, it has become absolute necessary to diversify your investments.
We can never say what goes down and what gets pulled along with it. Bitcoin is unique and a totally different asset class to hold.
Nobody knows how high bitcoin would go but it will still hold value as it's truly decentralized in nature.
It should surely be one of our major assets in our portfolio to have a sound sleep knowing you have a good backup plan just in case everything falls apart.
I know you are completely right and I agree with it all, but to be honest, the volatility part of Bitcoin and cryptocurrencies is a bit concerning when we picture the negative aspects of it in the long-term. Imagine having most of your wealth stored in Bitcoin, everything is going well, you have planned your retirement, and then as soon as you retire planning on cashing out some of your funds, the price crashes all of a sudden and you lose a huge value for your assets.We cannot really trust fiat for a long term and at present, it has become absolute necessary to diversify your investments.
We can never say what goes down and what gets pulled along with it. Bitcoin is unique and a totally different asset class to hold.
Nobody knows how high bitcoin would go but it will still hold value as it's truly decentralized in nature.
It should surely be one of our major assets in our portfolio to have a sound sleep knowing you have a good backup plan just in case everything falls apart.
In such a scenario, you can't sell anymore because if you do, you will be at a loss, even if you aren't at a loss, it will affect your plans and everything because you are retired now, so you will either have to now wait for the price to either recover or change your plans and everything.
I don't mean to say that Bitcoin doesn't have potential, I know it has huge potential to grow huge in the future, but we know the market is extremely unpredictable.
As the value of money is constantly decreasing in our country i.e. inflation is happening, it seems that it will be more profitable to invest in Bitcoin and hold it for a long term rather than keeping money in the bank. Since keeping money in the bank gives less return, there is no benefit in keeping money in the bank, but instead of keeping money in the bank, if you invest in Bitcoin and hold it for 5 or 10 years, I think you will get more profit in this case than fixed deposit. Moreover, I believe that if we keep holding bitcoins than insurance, it will definitely be more profitable.
All in all, if the dollar can save us, Bitcoin can save us as much as the dollar.
Yes, I agree with what you say, it could be interpreted that save us in this case is eroded by inflation where the value of the money fiat that we hold from year to year is greatly eroded. Indeed, investment will give us profits if we hold it for a very long period of time if we want to get maximum results. Regarding insurance and investing in bitcoin, of course both have different needs or functions. On the other hand, insurance provides more protection or salvation for the person if at any time in the near future they experience an accident or health problem. We can't think bitcoin is much more profitable than insurance, it depends on what happens to the person that day. All in all, if the dollar can save us, Bitcoin can save us as much as the dollar.
Of course. BTC as another alternative investment that is interesting and provides a level of comfort for those who have owned it for the long term, but if someone is still a typical conservative investor, they might prefer to stay away from BTC and prefer stable and safe assets such as gold or silver. One thing that is still on the mind today is why the price of bitcoin is certain to be higher regardless of the periodic mempool attacks by the ordinal in the future because of other factors, namely the uncertainty of the value of fiat currencies.
Every investor has the choice of choosing where to invest and entrusting their money to others based on where they feel safe to keep it. Gold and silver are good investment choices, just like Bitcoin.Bitcoin is very volatile, which is also what makes it a good investment since there's an opportunity for your investment to skyrocket over night and give you an unexpected profit.
The same way, it can also drop and give you a loss, but gold price and value take a gradual process, and one good thing about gold is that its value is not easily influenced as Bitcoin and the stock market get played with during times of inter-country crisis.
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As the value of money is constantly decreasing in our country i.e. inflation is happening, it seems that it will be more profitable to invest in Bitcoin and hold it for a long term rather than keeping money in the bank. Since keeping money in the bank gives less return, there is no benefit in keeping money in the bank, but instead of keeping money in the bank, if you invest in Bitcoin and hold it for 5 or 10 years, I think you will get more profit in this case than fixed deposit. Moreover, I believe that if we keep holding bitcoins than insurance, it will definitely be more profitable.
All in all, if the dollar can save us, Bitcoin can save us as much as the dollar.
The dollar is also a fiat currency, and you did be surprised that as much as the fiat currency of your country is depreciating against the dollar, causing inflation, so also is the dollar depreciating against other stronger currencies, causing inflation in the US as well.All in all, if the dollar can save us, Bitcoin can save us as much as the dollar.
The end story is that, fiat have failed and can no longer be trusted to hold value for the long term..
So for those who already know about bitcoin, it's better to hold money in bitcoin than hold it in fiat, bitcoin over the years have proven to be a better store of value, sometimes even better than gold.
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