Search content
Sort by

Showing 4 of 4 results by ELL_011
Post
Topic
Board Bitcoin Discussion
Re: Dose meme helps a crypto to be viral?
by
ELL_011
on 24/11/2020, 16:53:01 UTC
In recent time i noticed such thing that in every new project or old project announced meme contest. Where they give such big amount in community for making memes about their project . Now what do you think is this memes really can attract investors?

For quite some time, I am not seeing any projects in bitcoin that has an advertisement using memes. However, I do notice memes on facebook shared by facebook friends regarding bitcoin on how volatile it is. For example, a picture showing a rocket going over the moon and suddenly it would fell down the earth showing how volatile bitcoin is.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will be used instead of paper money
by
ELL_011
on 24/11/2020, 15:58:15 UTC
No matter how much I like Bitcoins , it cannot be used instead of paper money.

It's Volatile
It does need internet
We need to solve the transaction fee problem
There is still updates needed in lightning network
Bitcoins is not acceptable everywhere in the world
Many banks are not in favour of Bitcoins and thus they usually ban the accounts if they are being used
Bitcoin will need fiat for sure
We have people living without electricity and mobile phones what about them ?
What about old people and super young kids ? How will they be able to buy anything ??
No matter how eager we are to transition from fiat money to cryptocurrency those factors above are stopping us from evolving. But those factors really need to be considered because if a country changed a system, all of the people living in that country shall follow and have the capability to follow. Maybe cryptocurrency is only for privileged people. People who have access to the internet, have digital wallets, have cellphones, have a proper education. Thus, maybe this cryptocurrency is not for all. Not for lower-class people. Not for a third-world country whose poverty is at a high rate.
Post
Topic
Board Bitcoin Discussion
Re: How has COVID-19 affected the Bitcoin space?
by
ELL_011
on 24/11/2020, 15:49:25 UTC
Because of this pandemic, there are tons of businesses that were closed because of bankruptcy and the unsureness of getting back their normal rate of customers. This pandemic takes too long already and eat up so much time for business owners that caused non-operational businesses. Private and public sectors in every country are helping each other by donating money to the government to help the people in need. I think due to this, the economy of each country goes down and investors even small investors are withdrawing their money due to survival.
Post
Topic
Board Bitcoin Discussion
Re: What happens to my bitcoin if I die today?
by
ELL_011
on 24/11/2020, 15:42:34 UTC
I guarantee that it would become a waste if the bitcoin that was in your hands went nothing because of a tragic incident. I recommend to anyone to have a secret box in your closet where all your secrets are in there. Most of the time, your family will be the one who will look at your stuff when you die so once they see it they would know that you have something that should be taken care of and could help them too. It's already 2020 but the acceptance and transition of cryptocurrency in the world is still slow, maybe a second plan on restoring your money and keeping it alive would be a better option than to keep it to yourself all along.