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Showing 13 of 13 results by Glimpses
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Board Bitcoin Discussion
Re: Bitcoin Is A Better Option Than Fiat Money?
by
Glimpses
on 11/03/2022, 06:05:25 UTC
Bitcoin is much better than fiat currency because for bitcoin transactions you don’t require an intermediary to validate a transaction which makes the process quick, transparent and convenient.
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Board Bitcoin Discussion
Re: Hope Vs Realty of bitcoin
by
Glimpses
on 10/03/2022, 07:07:48 UTC
As a trader, I never expect bitcoin to go only up because it happens it will get hard for me to make significant profits. I buy when the market dips and sell when the price is at its peak.
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Board Bitcoin Discussion
Re: Bitcoin and international conflict
by
Glimpses
on 03/03/2022, 04:05:00 UTC
Quote
Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?
Pretty simple, if you're from a region that has conflict, you're better off with fiat than bitcoin so you trade that bitcoin for fiat and hopefully it would be enough for you to survive for awhile at least until the aides and help come which might take a long time because in a war, most resources are focused on offensive and defensive efforts of the country.
Yeah you made the point, someone who is in an area where there is conflict would prefer to have cash at hand and not Bitcoin. Because majority of the things that you will have to do would require you making payments in cash, in fact 99% of things that you would be doing at that moment would require cash or Fiat to make the payment.

So, Bitcoin wouldn’t really be of much use to anyone that is in such position, so they would prefer to sell all the bitcoins or most of the bitcoins that they have if not all, so that they can have more cash to deal with whatever problem that they might encounter during that moment.
You got the point. Not everyone has accepted bitcoin and it might be difficult to pay using bitcoin for every purchase.
The latest Russia-Ukraine has resulted in the global crypto cap sliding to as low as $1.57 trillion, losing 9.66%  in 24 hours.
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Board Bitcoin Discussion
Re: Russia's approval of BTC
by
Glimpses
on 03/03/2022, 03:50:15 UTC
It is still a mystery why Putin decided to declare Bitcoin a legal asset in the country as of recent. None of us really knows what his intentions are, although most people would likely be linking it to what has been happening now between Russia and Ukraine, and as you have said probably. We all have seen what happened as of recent as Russia has decided to attack Ukraine, and we’re all just waiting to see what is going to happen next, and what action the world is going to take.

Personally, I am hoping for the better and I never really wish this kind of thing to take place, because we all know the word it’s already in a messed up situation, since 2020 coming out from the pandemic, so we shouldn’t start facing War problem now, the world really needs peace at this moment, and not war.
One can’t anticipate the reason for Russia legalising Bitcoin. Russia’s Ministry even has proposed bitcoin mining but the timing for doing this is making me worry. Still hoping for the best.
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Board Bitcoin Discussion
Re: Paying for your taxi with Bitcoins !!
by
Glimpses
on 02/03/2022, 03:51:36 UTC
Uber has yet not disclosed the exact timeline it would add crypto as an option.
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Board Bitcoin Discussion
Re: Bitcoin price goes down as Russia begins Ukraine invasion
by
Glimpses
on 01/03/2022, 03:53:15 UTC
The value of Bitcoin is slumping due to the conflict between Ukraine-Russia resulting in a dip in value to $36,370. Other popular digital coins like ethereum, Ripple and Solana have also tumbled.
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Topic
Board Bitcoin Discussion
Re: The most reliable coin to invest in is Bitcoin.
by
Glimpses
on 28/02/2022, 07:07:13 UTC
Bitcoin is the best indicator of the crypto market in general, because it's the largest cryptocurrency that is used and the rest of the cryptocurrency market tends to follow the trend of bitcoin.
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Board Bitcoin Discussion
Re: Bitcoin - Environmental Menace
by
Glimpses
on 25/02/2022, 06:22:09 UTC
We definitely can’t ignore the environmental hazards that bitcoin mining causes but we all know that developers have been attempting to fix it. Let’s wait for that.
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Board Bitcoin Discussion
Re: People Overthink Potential of Bitcoin
by
Glimpses
on 25/02/2022, 06:13:20 UTC
People can never lead themselves, there is always going to be the need for leaders to be in control.
So, whenever I see people who keep saying that Bitcoin is going to overthrow the government or take down the central banks, I just say that those people don’t even know what they are saying at all and don’t understand cryptocurrency.

The good thing about cryptocurrency is that it provides an alternative to the Fiat we are using, but that doesn’t mean that it is going to take down the central banks or stop the Fiat currency that we are making use of right now.

Fiat would still continue, and the government will still be there, same thing as the central banks, they will all be there and Bitcoin will just serve as an alternative when it comes to making transactions. Is as simple as that.
Thank you, This has always been my argument too. I don't see Bitcoin overthrowing any Government and replacing Fiat, even in El Salvador where Bitcoin has been made a legal tender, did it mean that the citizens can no longer use their old Fiat currency, and is there no more Government in the country? and for now, this is a one-off case. I don't think that was the idea behind Bitcoin, replacing Fiat currency instead as an alternative means of finance. 
I agree! There are many people with different beliefs about bitcoin which are tough to change. They should also understand that Bitcoin and fiat currencies are very different from each other and should not be considered as competition.
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Board Bitcoin Discussion
Re: Bitcoin vs Ethereum
by
Glimpses
on 25/02/2022, 05:53:36 UTC
In my opinion, why bitcoin is superior to ethereum, because cryptocurrency is known as bitcoin, so bitcoin was first known and more popular than ethereum, but actually ethereum has advantages over currency.
Yeah, when someone knows crypto and he has introduced that to a newbie. That newbie probably have heard of cryptocurrencies and he's going to say that he knows bitcoin. It happens most of the time that the newbies get to know more bitcoin than any other altcoin.
But as per Ethereum, those that are into many altcoins. They might also be aware of ethereum as it's the first chain that has a lot of projects working on as erc20.
You’re right, people refer to cryptocurrency as Bitcoin because they have only seen and heard about Bitcoin, but that mindset is changing quite rapidly. With more people investing and trading cryptos these days, the whole world is getting to know about what Ethereum or Dogecoin, or Shiba Inu is. Everything takes time and the crypto world is no different.
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Board Bitcoin Discussion
Re: Bitcoin will be accepted for tax payments in Colorado
by
Glimpses
on 24/02/2022, 07:05:45 UTC
From what I've seen, state taxes only account for 20% in the US, with a vast majority of taxes collected being federal. So if Colorado makes a decision, it won't affect most taxes people pay. I also wonder if a decision to collect taxes in Bitcoin is something a state can decide on its own or if the green light must be given on the federal level for that as well. And if they collect the taxes in Bitcoin, but then convert them into fiat, doesn't it call for a sell tax on behalf of whoever does the conversion? I wonder if a decision like this can actually work in the US.
I also have the same question. Why do they accept tax payments in bitcoin and will they convert to fiat immediately after?. What is the purpose of this and what effect will it have on them. I find them completely meaningless for bitcoin and the benefits they will achieve.
I’m sure the government must have planned it out because such decisions are not made overnight. So, the picture will be clear once more updates on this come out in public.
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Topic
Board Bitcoin Discussion
Re: One Bitcoin
by
Glimpses
on 21/02/2022, 06:22:34 UTC

Now that I have one Bitcoin


congrats buddy, this story makes me excited to choose bitcoin as my long term investment even though I don't have 1 full bitcoin yet, maybe slowly it will be achieved, once again thank you for sharing your story and experience
Not all would really be having that kind of chance on accumulating a whole coin and considering that not all are financially capabled then its not surprising that lots still have not possess such amount.
The value itself couldnt even be afford by most of us aside to thsoe who are really that rich.. 44k usd isnt something that can be afford but thankfully we could really
accumulate in fractions if you are really that serious on going for long term or even on short term aspect.
Even the middle class in developed countries do not really have 44k dollars in savings they can dump in bitcoin at any time, so getting one bitcoin is now something impossible to achieve for the majority of the people anyway, however as you state this should not stop people from getting all the bitcoin that they can, after all I think it is safe to say that bitcoin was the best investment of the past decade, and even if we should not expect the same kind of explosive growth that we saw, there is still a lot of potential for bitcoin to keep growing in value.
1 bitcoin for me is very big, and even when I collect fractions from the beginning of getting to know bitcoin, I don't think it's enough. 44k is a big number, and I think only rich people can afford it, and I think there is a need for diversification of assets, the most important of which is of course the safest ones, such as property.
Agreed! It seems bitcoin is reviving and 1 bitcoin has reached $ 41,471 USD, which is definitely not a small amount.
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Topic
Board Bitcoin Discussion
Re: Who is really controlling the Bitcoin market.
by
Glimpses
on 21/02/2022, 06:15:40 UTC
No people really control the market, but whales or a group of big traders have the power to dump-pump the price. Sometimes the demand can be created by spreading good or bad issues. If people are influenced by the issues, they may be interested to buy more or prefer to hold their capital, depending on what issue it is. Whales or big traders won't do this all the time, that's why I said no people fully control the crypto market.

Maybe you're right. After all, the crypto market extends far beyond centralized exchanges. Whales and big traders may manipulate centralized exchanges, but they can't manipulate decentralized exchanges and/or atomic swaps (at least not yet). What greatly influences Bitcoin's price is stuff that happens in the mainstream world. Whenever something good related to Bitcoin happens in the real world, prices go up. Otherwise, not. We've entered a period where hype has faded away, leading us to price stagnation across exchanges. This happens all of the time, so it should be the least reason to worry about. What matters is that Bitcoin at its core, remains decentralized. As long as it stays that way, no one will be able to control it. Just my thoughts Grin
I agree. Even though bitcoin or the whole cryptocurrency market is decentralised, the big investors can still manipulate the market by making big transactions.