What does Bitcoin protects people from ?? - page 8.

Wind_FURY

legendary

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Quote from: BLAST2MARS on June 18, 2018, 02:07:12 AM

Quote from: Wind_FURY on June 18, 2018, 01:03:26 AM

Quote from: RNGfight on June 18, 2018, 12:15:03 AM

First, bitcoin isn't a safe haven at the moment, and more often it's a speculative commodity.
So it's not scientific to compare bitcoin with gold.

Open a browser and go to any Bitcoin chart. Change it to a weekly chart and zoom out to the year 2010 to 2018. You can now see how Bitcoin has never lost its trajectory and it is still going up.

Plus "protection" can also mean other things. Bitcoin is also a protection against censorship because as long as your transaction is valid, no one can stop it. It can also be a protection against confiscation of property because Bitcoin is a sovereign asset that cannot be controlled by any state.

Good defense but it is still a specualtive asset at this moment. I heard some countries that treat it like currency but as an entirety, it still not considered as money. Others are still experimenting and observing.

I am not denying that it is a speculative asset. I believe it is what brings the fun in Bitcoin. Hahaha.

It should not convey that what I said about Bitcoin's censorship resistance and property confiscation protection is wrong. Cool

BLAST2MARS

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Quote from: Wind_FURY on June 18, 2018, 01:03:26 AM

Quote from: RNGfight on June 18, 2018, 12:15:03 AM

First, bitcoin isn't a safe haven at the moment, and more often it's a speculative commodity.
So it's not scientific to compare bitcoin with gold.

Open a browser and go to any Bitcoin chart. Change it to a weekly chart and zoom out to the year 2010 to 2018. You can now see how Bitcoin has never lost its trajectory and it is still going up.

Plus "protection" can also mean other things. Bitcoin is also a protection against censorship because as long as your transaction is valid, no one can stop it. It can also be a protection against confiscation of property because Bitcoin is a sovereign asset that cannot be controlled by any state.

Good defense but it is still a specualtive asset at this moment. I heard some countries that treat it like currency but as an entirety, it still not considered as money. Others are still experimenting and observing.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: RNGfight on June 18, 2018, 12:15:03 AM

First, bitcoin isn't a safe haven at the moment, and more often it's a speculative commodity.
So it's not scientific to compare bitcoin with gold.

Open a browser and go to any Bitcoin chart. Change it to a weekly chart and zoom out to the year 2010 to 2018. You can now see how Bitcoin has never lost its trajectory and it is still going up.

Plus "protection" can also mean other things. Bitcoin is also a protection against censorship because as long as your transaction is valid, no one can stop it. It can also be a protection against confiscation of property because Bitcoin is a sovereign asset that cannot be controlled by any state.

bce

sr. member

Activity: 756

Merit: 250

Quote from: First77 on January 20, 2018, 04:03:53 PM

Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars and natural disasters such as Earthquakes, hurricanes, cyclones 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 ?? Grin

I think bitcoin is a currency with a free market by utilizing technological advances and advancement of the era anyone can access it and even invest in it may be for the security factor is very limited

Pursuer

legendary

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Where is my ring of blades...

well bitcoin does not protect nor has any mechanism when someone like you who doesn't understand how the market works tries to make profit from it but fails over and over then moves to other markets without understanding them either and buys into them like buying silver and loses money there also. there is no protection for people like you. so try to learn and educate yourself if you don't want to lose money like this instead of spamming bitcointalk Wink

RNGfight

member

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Open and Transparent Science Powered By Blockchain

First, bitcoin isn't a safe haven at the moment, and more often it's a speculative commodity.
So it's not scientific to compare bitcoin with gold.

Goodday

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I think the anonymity of Bitcoin in protecting the identity of its users as well as the bitcoin system allows people to protect their property from anyone's reach as long as the private key is maintained.

qwertyup23

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Quote from: Based Stickman on January 20, 2018, 04:22:21 PM

Quote from: First77 on January 20, 2018, 04:03:53 PM

Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars and natural disasters such as Earthquakes, hurricanes, cyclones 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 ?? Grin

Protection against inflation

I do agree but once all bitcoins are mined out (estimated year: 2140) bitcoin be subject to inflation. For inflation to occur, the demand of the currency must exceed the supply provided in the market. Since mining and creating bitcoin only halves itself every four (4) years, it will inevitably be scarce in the future.
Although bitcoin may be immune from inflation in the time being, it is preferred for investors to consider their investments for long-term as its value might skyrocket once its creation stops.
Lastly, that is primarily the reason on why people view investing into cryptocurrencies (bitcoin to be specific) as a legacy that can be passed from generation to generation.

tebzzz

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simply getting the job done

Quote from: duc4487 on June 17, 2018, 09:59:47 PM

Well unlike other kind of monetary, Bitcoin is not backed by anything physical, like gold or silver. You could store all of your asset in one single device, so it is easy to bring along. It keeps you away from inflation, even though the value of your country currency go down, your asset remains the actual value as bitcoin is a crypto currency. Also, Bitcoin allows people to perform Anonymous transaction with security at a higher level than ever.

I think there is a physical bitcoin, but the exchange rate is the same as bitcoin on the electronic wallet of the coin holder. that's not wrong. bitcoin in physical form as well as gold and its value will follow the trajectory that is in the market. does not rule out the next few years will be more bitcoin used by people for free transactions. but for now it has not been done because there are still many countries that have not allowed bitcoin as a means of legitimate payment.

NCN_Moon

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Bitcoin can protect the people who are living in countries where their fiat currencies are not so stable. Even though it is considered as a mean of speculation in most countries, Bitcoin is the most known and secure cryptocurrency that can act as the medium of exchange or the store of value in those countries.

duc4487

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Well unlike other kind of monetary, Bitcoin is not backed by anything physical, like gold or silver. You could store all of your asset in one single device, so it is easy to bring along. It keeps you away from inflation, even though the value of your country currency go down, your asset remains the actual value as bitcoin is a crypto currency. Also, Bitcoin allows people to perform Anonymous transaction with security at a higher level than ever.

jcarlo

member

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Quote from: First77 on January 20, 2018, 04:03:53 PM

Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars and natural disasters such as Earthquakes, hurricanes, cyclones 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 ?? Grin

Bitcoin is new economy system using blockchain system and creating transparant in every transaction. Gold trusted because peoples believe for thousand of years and bitcoin is just 9 years. Bitcoin protecting peoples from duplicating transaction its more trusted than fiat money right now

gobingo

newbie

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I think so too that bitcoin can be like gold that can protect our property, because people are more comfortable to store their treasure in bitcoin in difficult circumstances such as disaster or during a war, because cryptocurrency is a practical place.

darkangelosme

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Bitcoin / cryptocurrencies is protecting us from 1st big taxes from the government, 2nd it's also protecting us from big fees in sending money abroad. Just my opinion Grin

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ladydark

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Quote from: First77 on January 20, 2018, 04:03:53 PM

Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars and natural disasters such as Earthquakes, hurricanes, cyclones 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 ?? Grin

Since bitcoin supply is limited,its free from deflation.Also its the only asset which gives the highest ROI today for the investors.Also it makes people's investment free from the hands of governments.

Jordens

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Still, bitcoin is still far from gold and silver. There is no such guarantee of safety of funds, especially since the cryptocurrency market is so unstable in recent years.

athanz88

sr. member

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I will add one thing. Bitcoin can saves you from technical difficulties on transferring your wealth to a new place if you decided to move to other country or other place.

arya123210

newbie

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Yes many bitcoin services for everyone because they have helped everyone to get very easy money and very easy job to search in bitcoin so everyone who has recognized cryptocurrency surely they are very thankful for cryptocurrency because from there they can forgive the family they are from bitcoin or cryptocurrency

tegarp90

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Quote from: First77 on January 20, 2018, 04:03:53 PM

Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars and natural disasters such as Earthquakes, hurricanes, cyclones 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 ?? Grin

I can answer, bitcoin can save people from TAX Grin

Because they can hdie their wealth, this is one of the reason why bitcoin is so popular and most countries banned it.

thereactor334

newbie

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Quote from: First77 on June 15, 2018, 03:11:40 PM

at present people are losing money in Bitcoin because Bitcoin is not staying at $7000 also

Invest on other coins now rather than waiting for bitcoin to go to moon again. Try to invest on LEDU Coin. which offers great deal and brings professional development to the next level

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