Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Bitcoin is imagined as a Crush Queen
by
Upgrade00
on 26/01/2023, 20:37:40 UTC
⭐ Merited by Igebotz (1)
It is a decentralized form of payment that is not controlled by any government or bank.
...

If Crypto is legal by the government and the government gives importance to Crypto's growth in every nation. So we can see, it's obviously leading the future online world.
Both of the statements above are contradictory.
Bitcoin does not need the legality or recognition of governments inorder for it it be given importance or for it to gain more adoption. As a decentralized currency it functions without control or regulations and governments always opt for the order and control, reason they are leaning towards CBDCs.

It is not safe to keep all eggs in the same cage
Holding Bitcoin and a couple other shitcoins does not count as diversification.

You're better off holding assets from a different industry or niche, than holding a bunch of hugely correlated assets.