Topic: What does Bitcoin protects people from ?? (Read 1086 times)
Bitcoin like that kind of precious gem which is always profitable and the more we hold the big the profit would be, so it protect people from being poor.
Paper money, gold, silver, diamonds, ... valuable artifacts can be stolen. But bitcoin is not. With blockchain, bitcoin is impossible. You will no longer fear that your property is gone, because apart from you no one can know where it is hidden.
Maybe it protects investors by profit. With financial solutions, it can limit the risks.
Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value.
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
In my opinion, for now bitcoin can protect the country from American financial policies
. Because, Bitcoin and other virtual currencies can pose a direct threat to the status of the United States Dollar as the world currency. With the existence of bitcoin, other currencies such as Yuan, Yen, Rupee and Rupiah which are used by other developing countries will actually get the most benefit from the emergence of bitcoin as an alternative currency.
Bitcoin is a great crypto currency not only for me but I am sure that almost majority of the population of the crypto currency community wants and love Bitcoin crypto currency. Bitcoin helps people to make their different daily financial transactions easy, secure and faster protecting them from hassles and unwanted circumstances from having the old paying transaction method which is much prone to danger and long way run.
Bitcoin there so many times that people are happy and enjoy the profit they got during the situation of price are really good. But for the time when the price are changed into lower price they felt disappointed I hope that people are accepting the reality. We are totally plying the volatility of bitcoin we have nothing to do this is the product of new technology.
Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value.
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Gold/ silver are physical ammenties which could be used in natural disasters or the world war but bitcoins are not physical. They don't actually protect mankind from any of the above you mentioned but they do balance the financial life of thw individual making them earn a better living and also it does not restrict anyone from getting into it. Stocks are centrakised and the government keeps an eye on them. Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Bitcoin is all about decentralization & concensus.
Simply put, every transaction/event, when recorded on a chain, is verified by all the members in the chain.
Once recorded, the data is immutable, which for sure, is better than conventional ledgers.
Banks, for example, are the central authority, that control cash flow and charge transaction fees for every movement of an individual's own funds, payments, earnings or savings.
Bitcoin, on the other hand, is the currency of the future, with minimal transaction costs, and elevated verifiability in close comparison to fiat currencies.
It sure looks like the payments infrastructure, across the web, might shift soon on blockchain.
Simply put, every transaction/event, when recorded on a chain, is verified by all the members in the chain.
Once recorded, the data is immutable, which for sure, is better than conventional ledgers.
Banks, for example, are the central authority, that control cash flow and charge transaction fees for every movement of an individual's own funds, payments, earnings or savings.
Bitcoin, on the other hand, is the currency of the future, with minimal transaction costs, and elevated verifiability in close comparison to fiat currencies.
It sure looks like the payments infrastructure, across the web, might shift soon on blockchain.
bitcoin is digital money and there are even countries that claim that bitcoin status is like gold or silver status, but what distinguishes bitcoi depends on the internet everything is in the hands of the internet we cannot see physically but the fact is that the price may exceed the price of gold or silver.
Bitcoin can also be a store of value, it's digital gold. The only danger to bitcoin is an internet outage all over the world, it's the only way your Bitcoin cannot be accessed again. When there's not internet, there's no way to verify the blockchain anymore. But for the disasters you mentioned that won't be the case.
- Edit: An other scenario in which Bitcoin can't be accessed again is when all copies of the blockchain are gone, but that's highly unlikely.
- Edit: An other scenario in which Bitcoin can't be accessed again is when all copies of the blockchain are gone, but that's highly unlikely.
but it's true you say this is indeed very scary if it happens how many millions of people will lose and maybe how we can overcome it. yes, although it is far possible because if it happens not only bitcoin will be destroyed but various fields because many eras today depend on the internet, and hopefully it doesn't happen.
Civil forfeiture.
Also known as theft by cop, it is when a police officer seizes your money because he thinks you may have committed a crime. It's a completely unfair practice, but billions of dollars are taken from citizens every year in the United States.
If the police doesn't see you carry a large amount of cash (which sometimes is necessary) then they won't be able to steal it from you.
Also known as theft by cop, it is when a police officer seizes your money because he thinks you may have committed a crime. It's a completely unfair practice, but billions of dollars are taken from citizens every year in the United States.
If the police doesn't see you carry a large amount of cash (which sometimes is necessary) then they won't be able to steal it from you.
Bitcoin can protect people from :
1. Money inflation, that's meaning when the price of money of your country go down, your assets is still safe because bitcoin is cryptocurrency.
2. Devaluation, protect you when the goverment make a decision to lowered the price of money of your country.
3. Depresiation this same with devaluation, just because different reason or the goverment.
4. Natural disaster, protect your assets when your place got a natural disaster, because you invest your assets in digital.
5. Crime, protect your assets from s crime activity
Maybe another friends can give you another answer. Thanks
And also bitcoin protect people from snatcher or stealing.Physical money is very easy to get or steal special in crowded place but in bitcoin you can bring all your bitcoin without hasitating it will loost. 1. Money inflation, that's meaning when the price of money of your country go down, your assets is still safe because bitcoin is cryptocurrency.
2. Devaluation, protect you when the goverment make a decision to lowered the price of money of your country.
3. Depresiation this same with devaluation, just because different reason or the goverment.
4. Natural disaster, protect your assets when your place got a natural disaster, because you invest your assets in digital.
5. Crime, protect your assets from s crime activity
Maybe another friends can give you another answer. Thanks
for me it's a good question for me. because i'm also using bitcoin for me bitcoin protects us from poverty because it is a great help for people who are not working or have not finished studying. it's wise to use it sure you get rich with bitcoin and it will protect you from poverty because it's a digital money
Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value.
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Bitcoin is mainly protect the users from inflation. Since its supply is very limited and cannot be duplicate unlike fiat currency it is inflation proof. It is also considered as stored of value like bitcoin where you can keep it and use it in case of emergency. Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value.
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Counterfeiting, because bitcoin is the only transaction tool whose existence is very difficult to fake by anyone. This thing's what makes bitcoin increasingly attractive to investors because he has its own advantages when compared to conventional currencies which are issued by the government.
Bitcoin wallet, has protect many form of gun men attacks
And other physical security free in the world movement, therefore bitcoin has provided free of charge protection in word of cash flow transaction.
And other physical security free in the world movement, therefore bitcoin has provided free of charge protection in word of cash flow transaction.
Have you ever gone to the bank only to find out that you have spent more than you had in your balance, and gone into an unarranged overdraft? Well, that wouldn't happen with Bitcoin. What about taking out a loan and find out that your account has been frozen after you forget to meet a payment deadline? Again, that will never happen with Bitcoin. The major thing that Bitcoin protects is from is abuse by the power that be, e.g. The third party financial institutions and governments that restrict your access to your own money.
Since the cryptocurrency is volatile, the preservation of all its savings in the cryptocurrency is not safe.Cryptocurrency can protect people from theft, inflation in the country of residence,and the tax service
Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value.
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Bitcoin is the most successful and the most popular crypto currency of the era and due to its numerous of advantages bitcoin has made millions of investors around the world who consider bitcoin to be most trustworthy and then the most importantly, bitcoin provides the safest and the most confidential transactions among all the investment and therefore protects its user from being get hacked by hackers or reduces the risk of fraud to zero. Though it has some disadvantages but still very good investment overall. Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Bitcoin protects people from lack of trust and low rate of return when saving money in commercial banks, it is also source of investment, it is can be use for international purchase of goods
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