Quote from: michellee on May 22, 2021, 02:07:01 PM

Quote from: Stalker22 on May 22, 2021, 09:28:12 AM

Quote from: michellee on May 22, 2021, 02:19:25 AM

Quote from: FatFork on May 21, 2021, 03:29:45 PM

Yes, it is a volatile investment. It's a very risky investment. We know that anything can happen at any time. But we also know that Bitcoin is the fastest growing and best performing investment in history. We need to focus on this. We know that it has a digital scarcity value that you cannot easily imitate. And then, we also know that, at the end of the day, it's going to be very difficult to ban Bitcoin or ban cryptocurrencies entirely.

This is a great opportunity to get involved, as I'm not sure it's going to last forever.

Indeed. We hope people who want to invest in bitcoin can learn more about bitcoin while they invest some money in bitcoin to prevent panicking or worrying about the price volatility. If people can have knowledge about bitcoin, they will see how big the potential of bitcoin they can get and give them a big profit.

In this volatility, people will have a chance to buy more at a low price because this price is really deepest than the price in the last weeks.

Nowadays, like any technology, bitcoin is facing lots of critics and being a relatively new thing, there are lots of things that can go wrong. Bitcoin is still not as widely accepted as credit cards. It is not legal in many countries and I can understand the need for another system to protect people against theft and fraud. These are the obstacles this new technology will have to overcome in the future.
I hope that investors can learn more about bitcoin while investing some money in it so as to prevent panic or concern about volatility. What I do not understand is how people can be so gullible and pliable? How can a single tweet affect the price so much?

Although Bitcoin is an interesting technology with great potential, I can't predict what it will look like in 10 or 20 years. But it's interesting for the moment. Again, I wouldn't put all your life savings on something as volatile as bitcoin, especially when you don't know if the authorities will ever allow it to be accepted everywhere.

It is normal if bitcoin facing a lot of critics because as a new thing, people need to search for what benefits of bitcoin to them and they need to familiarize themselves before they use bitcoin as they use fiat money or credit cards. I am sure this obstacle will not reduce the adoption of bitcoin as soon, people will see that bitcoin can be their alternative to make money and be their new investment. People themselves will not think too much about the volatility and will understand the beauty of bitcoin.

In terms of reality, even though many are familiar with bitcoin, we also have to accept that not all can understand what bitcoin is actually used for, because it requires deepening that is not just understanding or wanting to know.
It is not certain that bitcoin can eliminate the use of fiat quickly, because the use of fiat is still widely used in several countries that are still thick with traditional markets. but gradually it will also be able to shift the use of fiat even though maybe not totally, especially if they understand further about bitcoin which is not only a transaction tool but as a very lucrative investment.

Quote from: michellee on May 22, 2021, 02:07:01 PM

We never know what will happen in the next 10 or 20 years later as that will be too long for us to wait and we do not know if many of us will still live just to see that. It will not be suggestible to put all of our life savings to invest in bitcoin because we still use fiat money and many countries are not accepting bitcoin yet. So maybe we need to make a plan on how much money we should invest in bitcoin and how long we will sell bitcoin.

maybe too long to determine something must be up to 10-20 years to come, because usually bitcoin in the span of 4 years which we are familiar with is a halving which may be feasible and appropriate we can analyze it, but looking at the prospects it can be ascertained for the next halving, namely know 2024 then bitcoin is still a very lucrative investment compared to investing in stocks and gold.
The right advice is not to use all the fund you have invested in bitcoin, even though if you are sure it is only natural. because it is very profitable compared to us only saving in banks or deposits.