Topic: Is digital currency powerful? - page 5. (Read 863 times)
Digital currency is so powerful that you don't need anyones approval to use it. You don't need to verify your documents, share your personal information and still you can use it better than fiat. To create a bank account you need documents and you have to be at a legal age to operate your own bank account but with bitcoin and digital currency, anyone at any age can make transactions.
Not every digital currency is powerful, and it's very clear now that these days electronic cash is also digital currency and Shitcoins also come under the same category. So What I am trying to say is almost everything is digital and except for a few nothing is reliable in my view Bitcoin is the most Strongest digital currency and Asset.
Others are just tempered ones and Shitcoins so those are not reliable for the Investment and Holding purpose to obtain good and profitable results. So my recommendation to OP is Going with BTC is safe.
Others are just tempered ones and Shitcoins so those are not reliable for the Investment and Holding purpose to obtain good and profitable results. So my recommendation to OP is Going with BTC is safe.
of course there are always governments that do not allow their citizens to make payment transactions using digital currency, and of course the government also has reasons for that.
and in my opinion what is suitable to be called a digital currency is bitcoin, because altcoins are very high risk.
because in my opinion at this time it is impossible that everyone will use
btc as a digital currency because of course not everyone has a mobile phone and so on.
so transactions using ordinary currency in my opinion are easier because of course everyone can hold fiat currency. but of course we won't know for the future.
and in my opinion what is suitable to be called a digital currency is bitcoin, because altcoins are very high risk.
because in my opinion at this time it is impossible that everyone will use
btc as a digital currency because of course not everyone has a mobile phone and so on.
so transactions using ordinary currency in my opinion are easier because of course everyone can hold fiat currency. but of course we won't know for the future.
In general it is true and one thing that is unique is that there is no interference from the government. This uniqueness allows users to transact globally and quickly grow their business on an international level. But, however where there is more power there must be a shortage. Digital currencies also have downsides to consider. Firstly, volatility. Exchange rates can fluctuate drastically over time, security and privacy issues are also a concern and the last reliance on internet access can be a barrier to the widespread adoption of digital currencies in some regions.
You will realize how digital currency powerful once you already using it, you will see a huge gap when using it, the way we view and handle money could be completely altered by it.
But even with how powerful it is, there will be always a downside of it just like other things, like security, regulation, or volatility.
But I believe that it will continue to develop and grow, so these challenges in the future will be managed.
But even with how powerful it is, there will be always a downside of it just like other things, like security, regulation, or volatility.
But I believe that it will continue to develop and grow, so these challenges in the future will be managed.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
The governments are not always lenient towards crypto - this might be a deterrent to your determination. You cannot be completely using crypto to live and you will have to keep first in working condition to run your life and it's payments. It does feel good to be able to spend your crypto like this for daily necessities but things are not fully streamlined for such. But we should strive for this and hope that our next generations get better and improved access to crypto and it's easy transactions.But all this applies to bitcoin and not altcoins.
In my opinion, digital currency or not, of course, has its positive and negative sides,
In my opinion, a digital currency like bitcoin also has positives and negatives, for example, suddenly the internet connection goes down, of course it will make transactions difficult because there is no internet connection.
so I personally prefer regular currency because regular currency is more practical and easy to use.
In my opinion, a digital currency like bitcoin also has positives and negatives, for example, suddenly the internet connection goes down, of course it will make transactions difficult because there is no internet connection.
so I personally prefer regular currency because regular currency is more practical and easy to use.
Well, while digital currencies offer certain advantages, let's not forget the volatility and unpredictable nature of the crypto market. One day you're soaring high, the next day you're plummeting to the ground. It's like riding a rollercoaster blindfolded. So, powerful? Maybe. Risky? Definitely.
Well, this does not apply to all digital currencies....
Some digital currencies are "centralized" and it can be controlled by governments. Even some tokens have some well known developers that can be targeted by governments.
This is what is so unique about Bitcoin, because the original developer cannot be traced... so he/she or they cannot be targeted by governments. It is also decentralized, so it is not easy to shut it down....
All other centralized digital currencies can be forced to close down, because you have a central point of failure.
Some digital currencies are "centralized" and it can be controlled by governments. Even some tokens have some well known developers that can be targeted by governments.
This is what is so unique about Bitcoin, because the original developer cannot be traced... so he/she or they cannot be targeted by governments. It is also decentralized, so it is not easy to shut it down....
All other centralized digital currencies can be forced to close down, because you have a central point of failure.
of course Digital currency is powerful I think so, digital currency is very powerful in terms of regulation. As governors are unable to control it, it is not recognized in other countries.Governments have tried many times to ban cryptocurrency but cryptocurrency is so powerful that no one can ban it.There are very few countries that have legalized Bitcoin currency. But cryptocurrency is widespread across the country due to which digital currencies like Bitcoin and Ethereum, BNB are revolutionizing the global financial system. Bitcoin is a decentralized currency that they cannot control.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government,
It cannot interfered by government but they can implement Banning so meaning they are still have power against us or bitcoin if they strict the reulations.
there is no interference if the crypto is allowed in that country , but what if there is a banning ? then what could be the situation?It cannot interfered by government but they can implement Banning so meaning they are still have power against us or bitcoin if they strict the reulations.
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no one can rob it or counterfeit it.
It can be robbed mate if you are careless in using your gadget , because hackers and cheaters are always there to get your precious coins.
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You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Which is exactly why governments do not like them, governments are the ones in complete control with fiat currencies and they simply thought this was going to be the case forever, as if someone tried to created a centralized currency independent from the ones they print, they will simply crush it and get the people behind it in jail.But then Satoshi found a way to do this anyway with the creation of a decentralized cryptocurrency, and since then governments have been baffled about what to do with bitcoin.
In this age of internet, transactions are done online and across the globe. That includes payments. The global E-Commerce market is in the trillions of US dollars. The growth is fast. It is expected to grow even bigger in the coming years. That countries have their own local currencies is a bit of a hindrance. There is a need for a native internet money.
Moreover, even in physical stores and shops and markets, payments are made online. This is how powerful a digital currency could be.
And when it comes to the best digital currency out there, nothing comes close to Bitcoin. Indeed, it's the only digital currency that you can fully own and control.
Moreover, even in physical stores and shops and markets, payments are made online. This is how powerful a digital currency could be.
And when it comes to the best digital currency out there, nothing comes close to Bitcoin. Indeed, it's the only digital currency that you can fully own and control.
Well, digital currency is the future that can allow you to be free and not use banks. Moreover, currencies like BTC can't be printed and manipulated so government can't use them to make people poor.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
A digital currency is a general term, it can be applied to anything. CBDCs are digital currencies, and they are absolutely controlled by the government.
Bitcoin on the other hand is stricter in its definition. It is a digital currency, but it has other properties that make it extremely different to other digital currencies.
What you are describing is Bitcoin, not properties in general of digital currencies.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
However, there are some restrictions in different countries. But it is worth noting an important aspect for any transfer of funds, only the Internet is needed and this is impressive. Yes, there may be local problems with exchanging for fiat and not everywhere there is an opportunity to quickly make an exchange, but still it exists and I consider this to be the strongest advantage.
I think you have a valid point about the advantages of digital currencies over fiat currencies. However, I also think there are some challenges and risks involved in using digital currencies, such as volatility, security, regulation and adoption.
I agree with Charles-Tim and Cantsay that the op's being too generic with the term 'digital currencies' because not all of them are like that, and the description fits Bitcoin specifically really well.
But apart from that, it's important to understand that while the price of Bitcoin or its supply aren't under anyone's control, governments can still interfere in a form of introducing strict regulations and making it hard for people to use Bitcoin. Also, you can certainly get robbed, even if you use Bitcoin. If it's a non-custodial wallet, it won't be a company who provides the service robbing you, but you can still leave your passphrase somewhere accidentally, suffer from a malware attack or something else.
But apart from that, it's important to understand that while the price of Bitcoin or its supply aren't under anyone's control, governments can still interfere in a form of introducing strict regulations and making it hard for people to use Bitcoin. Also, you can certainly get robbed, even if you use Bitcoin. If it's a non-custodial wallet, it won't be a company who provides the service robbing you, but you can still leave your passphrase somewhere accidentally, suffer from a malware attack or something else.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Most probably, you mean cryptocurrencies, not digital currencies, since nearly all fiats are digital too (all the banking systems operate with digital transactions). The main benefit of cryptocurrencies is data security, since cryptocurrencies are highly decentralised, its really a benefit, that's right!
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
If it was easier for government they would have controlled a Bitcoin but since bitcoin is a digital currency and it is decentralized which they cannot control Bitcoin that is why bitcoin is existing today so any digital currency is very hard for somebody to control so cryptocurrency is beyond to government control because of the document that being used for creation or technology of Bitcoin is still unknown to them till now Jump to: