The value of Bitcoin affects the interests of the government. Users who use Bitcoin for illegal purposes will be banned from the operation and are responsible for the country.
I think that makes the country afraid, so it doesn't use Cryptocurrency, because they feel that if citizens use Crypto, the state or the government will not be able to control it. The main reason for a country that does not accept Bitcoin and Cryptocurrency is, because Cryptocurrency is decentralized, or cannot be controlled, cannot be regulated by a country.
Of course it does put us at risk. After all, we are investing our money in it. However, every business is a risk and investing in cryptocurrency is a business. I think the only way to make sure that we will not be put at risk is to make sure we learn as much we can and pay attention and take precaution about our cryptos. It is also highly advisable to be smart and stay patient. It might sound like a cliche but it is true.
I think all you have to do is take your investment properly and maintain security always because digital business is complicated by hackers and fraudsters, just take the necessary precautions. Being involved in bitcoin may be risky but this is business, how you will succeed when you are always cowardly and will not be involved in bitcoin, taking risks in attracting bitcoin.
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BoardBitcoin Discussion
Re: Is Bitcoin the Biggest Bubble in Human History?
As far I know the blockchain system is the most trusted system and bitcoin is totally based on that system so, how could it become a bubble.
I think the only difference is that Bitcoin is virtual and the other is physical. Who knows, gold, diamonds and pearls may only be stones in a parallel universe. So we cannot say that Bitcoin or cryptocurrency has no value at all. It took 9 years for BTC to reach that price. If you think Bitcoin has no value, then gold, diamonds and pearls should have no value too. This is a human who gives value to assets.
I think it's very unlikely that crypto will replace fiat currency, fiat is easier to use as a payment medium and also has a more stable value. I am more confident that crypto will be used as an asset.
I think every country might also change the existing fiat into digital in the coming years if the existing crypto market will be more popular than before. I think there is a possibility that it could happen in the near future but certainly not at this early stage. Each country has its own fiat currency which represents the economy of a particular country and is visible to people they can hold as their own.
Here in Philippines, we have some digital wallet such as coins.ph, gcash, and paymaya. Theres a lot of advantage if you have digital money. But of course, you cant buy goods if you dont have cash. There are more products and services that use cash than digital currency.
I think your money will always be safe in a digital wallet so you can go out, buy goods and even pay for transportation without the amount of cash in your wallet, also faster to transact using digital money than fiat. When everyone will use digital money in the future, it will be very different from what we have now, there will be less crime
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BoardBitcoin Discussion
Re: False fear about BITCOIN.
by
Blackamoh
on 13/09/2018, 19:18:50 UTC
what fear? bitcoin has a big influence on the economy, why should it be feared. strange
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BoardEconomics
Re: Please, we should not totally eliminate fiat currency
by
Blackamoh
on 13/09/2018, 19:09:42 UTC
in my opinion fiat currencies are very difficult to get rid of for the next few decades.
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BoardBitcoin Discussion
Re: Bitcoin legalized in Uzbekistan and Iran
by
Blackamoh
on 13/09/2018, 19:07:39 UTC
I think this is exciting news for the people of Iran and Uzbekistan. congratulations
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BoardEconomics
Re: Is small business ready to sell for cryptocurrency?
by
Blackamoh
on 13/09/2018, 19:05:56 UTC
ready or not ready if cryptocurrency has been implemented in a country all business circles must also take part in it
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BoardBitcoin Discussion
Re: Is cryptocurrency so difficult to understand
by
Blackamoh
on 13/09/2018, 19:03:51 UTC
I think that cryptocurrency are difficult for some people to understand. maybe 30%
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BoardEconomics
Re: Facebook now joining btc?
by
Blackamoh
on 13/09/2018, 19:01:49 UTC
I think sooner or later it will happen. because Facebook is the cheapest promotion for bitcoin
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BoardBitcoin Discussion
Re: bitcoin fees will NEVER come down
by
Blackamoh
on 13/09/2018, 19:00:18 UTC
I think bitcoin will still be there when it's down but not too long will go up again because everyone believes in bitcoin so much
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BoardEconomics
Re: Bitcoin 10.000$!!!! What's Next?
by
Blackamoh
on 13/09/2018, 18:55:57 UTC
I think the next bitcoin reaches $ 25,000
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BoardBitcoin Discussion
Re: BTC is near end, proof block 2
by
Blackamoh
on 13/09/2018, 18:52:49 UTC
I think that will never happen. bitcoin is so powerful on its throne
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BoardBitcoin Discussion
Re: Digital Money Scams Often Occur in London, Using Artist Photos
by
Blackamoh
on 13/09/2018, 18:49:17 UTC
I think crime can happen anywhere not only in London. we only need to anticipate that it happened to us. Caution
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BoardEconomics
Re: LIFE GOES ON.
by
Blackamoh
on 13/09/2018, 18:44:48 UTC
already life will continue and with bitcoin as my best investment. hopefully
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BoardTrading Discussion
Re: Be careful with fake exchanges
by
Blackamoh
on 13/09/2018, 18:43:20 UTC
yes this is what I always fear. when we want to sell it we are trapped in a fake exchange. sucks
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BoardEconomics
Re: Is there manipulation of sharks ?
by
Blackamoh
on 13/09/2018, 18:35:41 UTC
I believe sharks and bears contribute to manipulating the market with pumps and dumps
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BoardBitcoin Discussion
Re: Airport accepting bitcoins for traveling tickets
by
Blackamoh
on 13/09/2018, 18:30:39 UTC
I think if it really happens it will be very cool if the airport accepts bitcoin as payment. great
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BoardBitcoin Discussion
Re: I LOVE PANIC SELLERS
by
Blackamoh
on 13/09/2018, 18:11:29 UTC
yes of course, I also really love panic sellers because it is from them that we can take advantage of buying cheaply ha ha ha. . .