Bitcoin is just an instrument like any others...
It always depends on the use you make of it!
Topic: What does Bitcoin protects people from ?? - page 9. (Read 1086 times)
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 ??
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 ??
I don't think bitcoin is meant to be a commodity, that is the thing. It's primary purpose is to be used for transactions and I hope that will really happen one day
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
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
Youre right on devaluations protection when governments lowered the money price,but we are facing this daily when dropping of prices happening becauseof volatility.so this is much riskier than devaluation
But all of your points are greatly appreciated since you have mentioned the hardest part of money and the goodnessof bitcoin
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.
during disasters such as wars,... food and shelter is the store of value not gold and silver. you can't shove gold up your bum and get warm when nuclear winter happens
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As a commodity, what does Bitcoin price show or protects people from ??
bitcoin is a currency. a currency is not supposed to protect you. a currency is a medium of exchange. you give unit of currency and receive goods in return!
It protects you against : Fraud, Identity theft, Higher middleman fee, limited access and most importantly you own the bitcoin.
Bitcoin is anonymous.... Also easy and free transactions as in..u can make transactions anytime ..ur wallet ur bank..most wallets has no limits
Bitcoin protects people from the centralised world economy where everything is controlled by the government. For instance bitcoin enables community users to determine prices they want to sell or buy. Hence the majority determine the price.
The price of gold and silver is always strong because the goods have intrinsic value, can be made jewelry for human.
The gold and silver market is totally rigged.
There's much more paper gold out there (certificates) than real gold.
And in terms of silver I recommend to google Blythe Masters and what she has done to mess up the silver market.
How much profit have gold and silver investors made over the last 5 years compared to Bitcoin hodlers??!!!
And silver and gold are pretty hard to transport over the borders. Pretty easy to seize. Bitcoin compared to that is so much advanced.
Gold and silver offer no competitive advantage to Bitcoin except it's long term existence. Especially no where we are the transition phase to the digital age Bitcoin is just superior.
Bitcoin protects your data and personal info from being used by the government and financial institution.
With time, it will protect inflation and be an good store of value.
With time, it will protect inflation and be an good store of value.
Bitcoin is store of value as if you are holding bitcoin you bought at a dip and the price went up to a reasonable value. When you sell off you can see that the value of your asset is now even up to 1000%. Though it can also go down then you will hold till the price reverse.
Well bitcoin is a currency which can be use to carry out payments online and gold or silver don't have such function and bitcoin as a store of value it interest during price rise is shared among holders and when price falls the lose is also shared among holders, but the unique side of bitcoin is that bitcoin protect it users from third party involvement such like from the bank or the government giving it user the total freedom over they financial life.
Bitcoin is also a Store of Value, and I think it might be a even better Store of Value than Silver and Gold. It has happened before that large Cartels were manipulating the Gold and Silver prices and that the governments lied about the amount of Gold that are being stored in their vaults.
The government has even made it illegal for people to own Gold in the USA. What are preventing them to do the same in future? Bitcoin cannot be confiscated, if you store it correctly.
The government has even made it illegal for people to own Gold in the USA. What are preventing them to do the same in future? Bitcoin cannot be confiscated, if you store it correctly.
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 ??
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 and cryptocurrency can protect you from many things. Starting from protection against thieves and hackers, who decided to rob your house or credit card( wallet also can be hacked, but it is more difficult) and finishing with protecting from inflation of fiat money or devaluation. So cryptocurrency is safer than paper money, IMPO.
The price of gold and silver is always strong because the goods have intrinsic value, can be made jewelry for human.
There is $10 to $90 worth of Gold in each computer (processors). An average sized solar panel has 20 grams silver. There are miles and miles of solar farms worldwide (deserts, mountains, sea/waters)
The price of gold and silver is always strong because the goods have intrinsic value, can be made jewelry for human.
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
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
Good answer, this one.
And I would like to add, if I could, a simple link. This is also a little bit adding on my two cents to @dothebeats, about bitcoin being a store of value.
https://www.independent.co.uk/news/world/europe/customers-at-cyprus-biggest-bank-stung-by-60-raid-on-savings-8555078.html
What does bitcoin protect us from?
Governments.
Can you imagine losing 60% of the money that you had spent your blood, sweat, and tears earning?
And someone just has the gall to come in, and tell you it doesn't belong to you anymore.
And bitcoin solves that issue. When it belongs to you, that means that it belongs to you alone. And that's worth everything. It is true ownership. Such a creation has never been seen before in the history of money.
at present people are losing money in Bitcoin because Bitcoin is not staying at $7000 also
Bitcion is protected by many peoples and investors it's because this is a valuable business investment property keep on patience always think an asset owned to be handled with care.
As a commodity, what does Bitcoin price show or protects people from ??
Who says bitcoin can only exist as a commodity and not a store of value? Bitcoin has proven itself to be a good store of value time and time again, though only if you intend to keep your assets for a long time. Some financial experts are even thinking that bitcoin could also exist as a reserve currency given its innate ability to hold value over time and its flexibility to exist beyond borders, so whenever the time comes that they need some emergency spending, they could thaw out bitcoin from their cold storage and send it to its destination. Like silver and gold, bitcoin protects us from the risks of inflation and the devaluation of fiat, and no, bitcoin isn't only a commodity but could also be other things.
Off course anonymous transactions and disclosure. This gives bitcoin the advantage over fiat. investors enjoy the secret nature of transaction and it and protect against fraud because the owner always knows the seed to the wallet alone.
at present people are losing money in Bitcoin because Bitcoin is not staying at $7000 also
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