Seriously you believe they will allow it to replace the USD?
What allows you to believe in it and hold all the way up will make you hang on all the way down.
Of course governments wont allow it.Seriously you believe they will allow it to replace the USD?
What allows you to believe in it and hold all the way up will make you hang on all the way down.
That was my point about divisibililty.That's an extreme case. If the internet goes down there will be much bigger problems. Not sure how a bar gold will help you buy a loaf a bread either.
Actually many countries experience this now.Hopefully we never go back to such times.
There are hard wallets you can use.I wish to move my BTC from the exchange into a "paper form" idealy these lists of key words
Anyone with recommendations
Out of the usb sticks i use, i would say 20pc are dead after 3y or so
So you can understand my reluctance i to putting a bitcoin with a full loss in 20pc of cases within 3years
But keen to know about people own experience
@kid hustlr : how long have you had it, and are you not scared of the risk of hardware failure?I bought a nano s. Cost me 100 bucks but it does the job and satisfies all the tin foil hat theories in protecting ones crypto.
I own btc only
The USD is the world's reserve currency - backed by the world's greatest superpower. The USA is not only the most powerful militarily and financially, unlike the two competitors to the crown people are begging to live in the USA - foreigners rarely choose to live in China, Russia. People buy US bonds because they want to be shareholders in the greatest power in world history, despite its government debt level. That's what the USD represents currently. At this time it also has the highest central bank interest rate among major trading currencies with a floating exchange rate. While I accept no hegemony lasts forever, historically the big empires tend to stick around for a while.
Compare that to Bitcoin. BTC may well have more medium term very profitable trading opportunities, no doubt. Likewise there may be a place for cryptocurrency in the future long term but to assume that will be specifically BTC itself is rather bold. There's others that have a lot of strong points. (Maybe someone should create a crypto and call it the Bulb, as in tulip bulb, for the lulz.) Just my two AUD cents
The debt riddled USA and its USD has the most to lose. Of course i cant say bitcoin will certainly replace it, but there is no denying people are starting to look for alternative means for paymemt - that is easy, safe and low fee's.
Its like a virus. You cant stop peoples desire for a better way or system. The fiat currency, does not serve the people.
Bitcoin will play its part in the USD collapse.
If it was truly worthless with no threat to the USD and will go to zero, why regulate it? There are aready multiple global companies accepting it as payment right now.
Reading a bit more reassured me, so order sent@kid hustlr : how long have you had it, and are you not scared of the risk of hardware failure?
I am also only considering BTC here
Bitcoin is all bluesky.The profits are real enough for me though.Forget about bitcoin, and focus on owning assets and companies that generate real products and services that can be sold into the market, and use the profits to generate compounded growth.
Everything else is fake, including bitcoin.
Exactly, the profit ate in real dollarsBitcoin is all bluesky.The profits are real enough for me though.
I say milk what you can.
Bitcoin is all bluesky.The profits are real enough for me though.
I say milk what you can.
Absolutely.Sure trade anything you can to make a profit, but don’t fall into the trap of believing the snake oil actually has value.
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