Economists advise caution in trading in Bitcoin currency - page 2.

arimamib

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Quote from: electronicash on November 26, 2023, 03:43:52 PM

he fears that he may not be able to make money if everyone sells while he bought the BTC at a high price. economist wants the price to be stable like it's a controlled market. so yeah it's understandable that economists are afraid. investors losing money after investing in an asset they think would make them profit is a disaster. but this is if they think about the value in USD but if they think about how much satoshi they hold still, nothing is lost but the value in USD.

Economists generally favor stability and predictability in financial markets, because these conditions promote economic growth and investor confidence. The fluctuations of bitcoin's price can cause uncertainty and anxiety among investors, leading to panic selling and market crashes.

Economist see a controlled market with stable prices is more conducive to economic stability and sustainable growth. Sudden price swings can disrupt economic activity and erode investors confidence. Economists concern about the potential for bitcoin to become a harbor for speculative investments, rather than a genuine medium of exchange. When bitcoin's value is perceived as being driven primarily by speculation, it can lead to bubbles and market crashes.

Huppercase

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Quote from: Atikur0011 on November 24, 2023, 03:16:28 AM

Bitcoin currency has recently come into the limelight as the value of the currency has skyrocketed to record highs. As a result many people are leaning towards buying this Bitcoin. However, many experts are warning about this.

➤ How safe are Bitcoin transactions?

There is nothing like recently come to the limelight, bitcoin has been on the light many years ago, it's just that there are some fraction of bitter souls who don't like see bitcoin do well in life. If not that some bad guys don't leave bitcoin alone with the bad intentions to hurt fellow bitcoiners and only for it to affect bitcoin to fall down. In addition, we have not set a new high repeatedly, last year was the last time we crossed all time high and since then we are yet to set another all time high but anytime after the bi halving.

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He said, the central bank of Bangladesh is saying not to invest in Bitcoin. It is not an authorized currency. It is not worth investing in it.

What e exact, and make the money was directly wit him but he didn't miss name because he is busy type of person. The Central banks know that more about bitcoin and seems even people love it more but the banks don't want to listen to people again and with such eye indications, he might like the one was unable to like banking result but bitcoin is always ahead of any coin, now tell me why you will not invest to bitcoin.

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Quote from: Atikur0011 on November 24, 2023, 03:16:28 AM

Bitcoin currency has recently come into the limelight as the value of the currency has skyrocketed to record highs. As a result many people are leaning towards buying this Bitcoin. However, many experts are warning about this.

Red means danger zone. When I saw the red caption of the thread I was afraid, because the red colour means danger and with the bolded colour scared me. The economic experts have not solved the economic problems in the world but they can only foresaw the problems but can not solve the problems in the economic sector in the whole world. The economist also know that bitcoin price does not go up on it own but the demand and supply in the market making it to be like that. And the more people are interested to buy the more the price goes up.

Yes we like it as nobody control bitcoin because the fiat currency which has authority to control has no value and making the original citizens to be continues poor.

Captain Corporate

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This is %100 old news, and once again a spam thread. Bitcoin has been quite "stable" compared to the past, sure it still has %60 drops and %100 increases, but it doesn't have %90+ drops and x50 increases anymore. Plus, if it is volatile then it is volatile, we are taking that risk and to be fair we are doing it by knowing what we are getting into as well, its not really an issue for us. I understand some people may fear the situation, but that doesn't mean that we can't do what we want with it. I mean we have seen fiat so far and how that ruined peoples lives so not like people could convince us by saying "don't go into bitcoin" by showing something else, they all suck, bitcoin is honest about the volatility at least.

electronicash

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he fears that he may not be able to make money if everyone sells while he bought the BTC at a high price. economist wants the price to be stable like it's a controlled market. so yeah it's understandable that economists are afraid. investors losing money after investing in an asset they think would make them profit is a disaster. but this is if they think about the value in USD but if they think about how much satoshi they hold still, nothing is lost but the value in USD.

Distinctin

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Does this mean that fiat is safe to invest despite of its depreciating value? Otherwise, this kind of post is just nothing but a duplicate, trying to discourage everyone from trusting bitcoin simply because it's a threat to fiat and the government is not supporting it because they can never control bitcoin transactions, unlike fiat that they have the full authority to navigate it whenever they want.

Economists are government allies so as much as they want to cover up fiat, the more that they are task to make people believe that bitcoin is dangerous and not a safe currency. At the end of the day, it's the people's decision whether they will invest and take risk with bitcoin, or they will simply abide whatever the government imposed them to do so.

arimamib

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Quote from: Baki202 on November 26, 2023, 09:23:58 AM

Quote from: Rehan Zakir on November 25, 2023, 01:50:11 PM

Bitcoin is a highly volatile market.
The Bitcoin price All time high is near 70k$. I think no one is expected about price. Because the previous all time high is 20k$. Now, what is the next all time high, target?. No one know about it. But Bitcoin is being popular day by day. So, must hold some Bitcoin in your wallet. Because it will give you massive profit in the upcoming years.

volatile is one of the habits that Bitcoin can not do without that is what creates a balance so to some extent the fall and rise are important and the next bull run of all time will or might hit 100k or more since there is always an increase in all-time high definitely there will be an increase on this, from the explanation give started from 20k and the 70k then the next will also be huge, with this self you should know that holding and having patience is just the best.

Volatility is an inherent character of bitcoin, That's a factor that contributes to the long-term growth potential. The up and down cycles of Bitcoin have been a source of both excitement and concern for investors, but they also provide balance supply and demand, preventing the price from becoming too inflated or too deflated.

The history of bitcoin suggests that all-time highs are followed by periods of correction, but these corrections have always been followed by renewed growth. This pattern suggests that the next increasing price could push the price to the new high. Of course, past performance is not necessarily indicative of future results, and there are no guarantees that bitcoin will continue to appreciate in value.

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Quote from: Rehan Zakir on November 25, 2023, 01:50:11 PM

Bitcoin is a highly volatile market.
The Bitcoin price All time high is near 70k$. I think no one is expected about price. Because the previous all time high is 20k$. Now, what is the next all time high, target?. No one know about it. But Bitcoin is being popular day by day. So, must hold some Bitcoin in your wallet. Because it will give you massive profit in the upcoming years.

volatile is one of the habits that Bitcoin can not do without that is what creates a balance so to some extent the fall and rise are important and the next bull run of all time will or might hit 100k or more since there is always an increase in all-time high definitely there will be an increase on this, from the explanation give started from 20k and the 70k then the next will also be huge, with this self you should know that holding and having patience is just the best.

Quote from: JayTrain on November 25, 2023, 02:56:30 PM

How many people have so many opinions. These are expert recommendations, anyway, the final choice will be made by the person himself. there are risks everywhere, but still I think it is necessary to enter bitcoin only for those funds that are ready to lose. I am surprised to read people who sell cars, apartments for this, so everyone has their own opinion on this

The recommendations given are good because if you look at what has happened in past years it will be a good thing, and left to me the risk is what is taking because when the time comes when people are cashing out you will also cash out and when people are talking stories about their cashing out you will also have a story to tell how you benefited.

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Quote from: Atikur0011 on November 24, 2023, 03:16:28 AM

Within a year, the price went from 100 to 1,000 dollars. Then, within a few months, its price went up to 19,000 dollars.

in which 15 month period did the price go from $100-$19k (rhetorical sarcasm of 'it didnt happen')
whomever the economist is that said this. needs to be fired and have his certification removed, and then taken back to kindergarten to learn basic maths and how to read a calendar

JayTrain

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How many people have so many opinions. These are expert recommendations, anyway, the final choice will be made by the person himself. there are risks everywhere, but still I think it is necessary to enter bitcoin only for those funds that are ready to lose. I am surprised to read people who sell cars, apartments for this, so everyone has their own opinion on this

jacafbiz

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I don't think anyone should take these people serious again, when it comes to Bitcoin adoption; we have left the level of denial and reach the level of if you can't beat them then join them, if there is any issue with Bitcoin they all these big moneys won't be filing for ETF up and down and most people believe it is just a matter of when the Bitcoin ETF is approved, you don't want to miss this golden opportunity to be part of this big moment

Rehan Zakir

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Bitcoin is a highly volatile market.
The Bitcoin price All time high is near 70k$. I think no one is expected about price. Because the previous all time high is 20k$. Now, what is the next all time high, target?. No one know about it. But Bitcoin is being popular day by day. So, must hold some Bitcoin in your wallet. Because it will give you massive profit in the upcoming years.

lizarder

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Quote from: Atikur0011 on November 24, 2023, 03:16:28 AM

He said that now many people are investing in it for more money. In such cases, if these people suddenly withdraw from the market, many will be in danger.

"That's our fear," the economist warned. "Since there is no authority, there is no room for more supply of money. So there is no mechanism to control when it collapses or goes up."

It needs to be explained why it will be dangerous when people withdraw in the market and isn't that a natural process that occurs because there is a buying and selling process. Their job is always to remind them according to the theory they have learned, but in this case I don't understand. Do they study the supply and demand process?

Matters related to the economy will always give rise to a level of competition, whether in the process of decline or increase, and we are used to seeing this activity in Bitcoin. The price of bitcoin also cannot be controlled just because one or two bad events occur so economic theory may have to be looked at in the context of supply and demand.

Quote from: Atikur0011 on November 24, 2023, 03:16:28 AM

He said, the central bank of Bangladesh is saying not to invest in Bitcoin. It is not an authorized currency. It is not worth investing in it.

Finally they answered the question they explained and the goal is clear so that people do not invest in bitcoin for the reason that bitcoin is not an official currency. My question is, what if we asked that stupid economist about El Salvador?

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Quote from: YUriy1991 on November 25, 2023, 10:24:30 AM

Why do economists advise to be careful when trading Bitcoin currency because there are many mistakes made by beginners, especially if they are advanced, perhaps economists will say that BTC is one of the keys to success, at least Bitcoin fulfills five of the seven requirements as money and enters the good category. money.

Currently, there are still many who do not agree with BTC with various arguments. Bitcoin's value remains as long as users believe in using it and accept it as a means of payment even though the price is very fluctuating.

Your remark regarding Bitcoin's potential as a success factor and its connection with monetary criteria is well noted. True, Bitcoin has proved utility and is used as a store of value by many people. However, analysts are concerned about the bitcoin market's inherent volatility and lack of governmental control. While the recent increase in the value of Bitcoin has been amazing, it has also sparked worries about the quick and sometimes inexplicable oscillations. Economists frequently highlight the necessity of a stable currency, and Bitcoin's vulnerability to abrupt market fluctuations might offer hazards, particularly for newcomers.

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Clearly, the economist didn't speak in general terms of cryptocurrency, because as Bitcoin is, it is a kind of cryptocurrency among others that are existing and still coming up. It should make any sane person who has an interest in crypto currency especially Bitcoin question his motives.

It is quite agreed that the price increase of Bitcoin makes it harder for some to invest in it, still it is a point to note that it is a decentralized money and the market can crash any time, but why BTC stands out is because of its long time existence and more stable nature as compared to other cryptos that is easily affected by market volatilities such as whale movements and trends.

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Why do economists advise to be careful when trading Bitcoin currency because there are many mistakes made by beginners, especially if they are advanced, perhaps economists will say that BTC is one of the keys to success, at least Bitcoin fulfills five of the seven requirements as money and enters the good category. money.

Currently, there are still many who do not agree with BTC with various arguments. Bitcoin's value remains as long as users believe in using it and accept it as a means of payment even though the price is very fluctuating.

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Quote from: Atikur0011 on November 24, 2023, 03:16:28 AM

"That's our fear," the economist warned. "Since there is no authority, there is no room for more supply of money. So there is no mechanism to control when it collapses or goes up."

I guess that he fears that he will not be able to control Bitcoin as he can control fiat. If they are not able to control money they will not be able to have so much control of people...

We have been seeing this & similar headlines for years, and Bitcoin is still here, getting stronger every year. I can just repeat what we have been saying here on the forum for years, these kinds of headlines are just announce that the bull run is very close.

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Quote from: Atikur0011 on November 24, 2023, 03:16:28 AM

~snip~

He said that now many people are investing in it for more money. In such cases, if these people suddenly withdraw from the market, many will be in danger.

This could indeed happen in the bitcoin market. However, the chances of that happening in my opinion are currently very small. Because after all, most bitcoin investors definitely know that bitcoin has clear habits every year that make it easier for investors to start every step of the way. Starting from the buy, hold and sell phases. So if it were not for news or events that could affect Bitcoin, it is unlikely that many Bitcoin investors would suddenly withdraw their funds from the market.

Gozie51

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Well I think that is one of the bubble stories of the early days of bitcoin and bitcoiners have well closed their eyes to that because nothing of such has happened after a decade and counting of the existence of bitcoin. More so is that the fact that bitcoin is not controlled by a government but by the people through Blockchain and its transactional transparency, then more people have hope in bitcoin investment. About pulling the rug of investors feet, I think the incident of the bear in 2018, 2019 to early 2020, during the covid that bitcoin went down to around 3,500, is already a testimony. The ATH and current price is enough to prove that after the bear season come the bull season. It is a circle, understand it and enjoy the ride.

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Quote from: Davidvictorson on November 25, 2023, 01:35:03 AM

Quote from: Atikur0011 on November 24, 2023, 03:16:28 AM

~snip~

We can actually read what you have written even if you don't use the red and blue colors and the massive font size. As newbie, please take note of this as it makes your topic a bit stressful to read and comment on.

Bitcoin is a threat to central banks and other financial institutions. Therefore it is no surprise to see the backlash coming from them. Although, I understand that there is a huge risks that follows investing and Bitcoin and those you venture into it must read and thoroughly do their home, yet in the last decade Bitcoin has been one of the best performing assets that there is.

Well, what else do we expect from those who simply do not support the existence of bitcoin. Of course, they will try to attack bitcoin as much as they want because they don't see it as a legal and real currency, but often a tool for scammers and criminals. But despite of those accusations, bitcoin even surge high and now its price has become even more risky to invest because of its highly, expensive price.

That is why despite of its high profitability, we are still advised to invest with caution and do a lot of research before deciding to invest in a high risk asset. Always invest an amount that you can afford to lose, that way you'll be safe from the inevitable losses that appears in the market.

Topic: Economists advise caution in trading in Bitcoin currency - page 2. (Read 433 times)