This is an old member who doesn't know the hardware wallet. Don't be surprised, many people don't know.

In 2140, Bitcoin was completely mined. I feel that I can't see Bitcoin crash, and Bitcoin's volatility will become smaller and smaller. Bitcoin is not renewable. Bitcoin is called digital gold. Many countries have legalized Bitcoin transactions. The consensus is getting stronger and stronger. Bitcoin will not leave us. Instead, we use Bitcoin more and more. As the leader of digital currency, more than 10 years of experience has verified that Bitcoin will not return to zero. I believe in time more.

Bitcoin promotes the fairness of the global currency. As for whether wealth equality can be achieved, I think it is impossible. Maybe after many years, through fair game rules, the wealth gap will be narrowed. The weakness of human nature is not to worry too much, but to worry about uneven distribution.

Bitcoin is an accounting revolution, and this accounting revolution will give birth to a currency revolution

Blockchain + artificial intelligence + financial management, a large number of accountants will face unemployment in the future! So if you are an accountant, please keep learning about blockchain and investing in Bitcoin. This is a compulsory course.

The blockchain system also has a series of unique technical risks, such as vulnerabilities in smart contracts, such as attacks on consensus mechanisms, such as attacks on cross-chain and oracle data.

In terms of preventing the risks of the blockchain system, in addition to formulating technical standards, building a management and supervision technical system for blockchain systems and applications; improving laws and regulations to address the risks that may be faced by the application of blockchain in different industries at the level of laws and regulations Make specifications.

In the traditional payment model, the transfer of funds is done through bank clearing. The payment workflow takes several minutes to several hours, and intermediaries also charge certain fees. For cross-border payment business, the process is more complicated.

Compared with traditional payment, blockchain payment makes full use of the technical advantages of blockchain. Payments are made directly between the two parties, without intermediary agencies, even if part of the network is paralyzed, it will not affect the operation of the entire system, with higher efficiency and low cost. . Blockchain payments are significantly different from traditional payments in terms of payment structure and reserve accounts.

I think blockchain payment can completely replace the current payment system in the near future. What is missing is consensus.

Bitcoin has undoubtedly become the most important cryptocurrency. I think Bitcoin has the highest credit rating in these aspects:

1. Bitcoin has brought many imitators and iterators, but its daily transaction volume is still nearly twice that of its closest competitor.

2. Bitcoin itself is very safe. More and more people trust Bitcoin almost more than they trust big banks. Bitcoin as an "alternative and long-term store of value" will be widely adopted.

3. Bitcoin transactions are irreversible. Part of the reason Bitcoin was initially accepted was because many people believed it had the potential to liberate people from traditional financial institutions. Although it has been more than ten years since Satoshi Nakamoto released the Bitcoin white paper, Bitcoin is still very young. .

When I came into contact with cryptocurrencies, someone told me not to touch those altcoins. You would become the person who carried the sedan chair.

The era of altcoins ascending to heaven in 17 years, no matter how trash can rise tenfold, is impossible to come back.

When I came into contact with cryptocurrencies, someone told me not to touch those altcoins. You would become the person who carried the sedan chair.

The era of altcoins ascending to heaven in 17 years, no matter how trash can rise tenfold, is impossible to come back.

Although it is impossible to eliminate all risks. It can be adjusted according to the individual's specific investment goals. Diversified investment portfolios and asset allocation are inseparable.

Under normal circumstances, maximizing returns also involves time frame, risk tolerance, and macroeconomic conditions.

The trends of diversified asset classes are often different. Following market conditions, a certain asset may underperform another asset class if it performs well.

I don't think it is necessary to choose different opposing categories in order to achieve diversified portfolio investment, as that may produce poor results.

When Bitcoin can be exchanged with almost all currencies in the world, Bitcoin is no longer virtual.

BTC has long become real money, and countless hackers have also proved this.

I think Bitcoin is true of any paper currency I have seen. The paper currency itself is worthless and is said to be backed by gold. Do you believe it? I actually don't believe it.

The Chinese digital renminbi DECP is fully owned and controlled by the Chinese government, endorsed by China Credit, and legal tender with legal solvency.

Both Chinese digital renminbi and Bitcoin have blockchain technology, but there is a fundamental difference.Digital renminbi is a legal currency, which is equivalent to legal tender.Bitcoin is a virtual asset, which is an influence currency generated by technology and consensus.

Bitcoin is also expanding in the field of reserves, weakening the status of the U.S. dollar and the euro reserve, prompting the pressure of de-internationalization of the currencies of some sovereign countries, and the awareness of Bitcoin as a foreign exchange reserve asset has been imperceptibly.

I am looking forward to good news about Bitcoin, the future of Bitcoin can be expected

I read the answers of most people on this thread, and everyone did not prepare for this day. I think this is also a very good thing. Everyone is very young and has not yet reached the age or time to consider this issue. However, now this problem should be solved.

The best way is to summarize all the financial assets, on which platform the investment was made, and the platform account/password should be recorded; the bank card used and the bank card password should also be recorded, and then tell the family to make a backup.

Of course, if you are inconvenient to disclose so much information to your family, then you should at least tell your relatives about the investment of financial assets.

So it can be reminded here that it is necessary to report to family members regularly for investment and financial management.

Looking ahead, if there is a currency that transcends the sovereignty of all countries, I think there should be fewer wars. Some countries are no longer plundered by the US dollar. They can get rid of the restrictions of the US dollar and escape the economic sanctions of the United States.

If such a currency appears, it will be beneficial to all countries except the United States.

I think there is a missing link in the middle of this question, paper currency-accounting currency-Bitcoin (digital currency).

The emergence of bookkeeping currency in history is the re-establishment of the trust system. No matter what means the world economic entities use, they are actively acting as the voice of bookkeeping currency, especially the right to bookkeeping of world currencies, the Bretton Woods system, SWIFT settlement system and so on.

Although Bitcoin does not have legal and political attributes, it has completed the establishment of a trust system through code and smart contracts, and achieved the balance of economic interests through non-human factors.

Under the criticism that banknotes can be issued indefinitely, it is impossible for the economic crisis not to occur. The root of everything is that the dollar-centric world currency uses unequal means to plunder the resources of other countries.

The history of paper money actually gives us that the essence of currency is the carrier of value exchange, and unreasonable monetary rules will always be eliminated by history. Although Bitcoin now appears to be a utopian currency, in the future, international currency is not centralized, let alone a sovereign country. Bitcoin will become a good medicine for countries around the world to get rid of economic crises.

This problem is inevitable, and there are two solutions.

1. Long-term holding plan.
2. Enjoy volatility, collect coins at low prices and increase the number.

Keep a good attitude, don't be greedy, you won't grasp every fluctuation of Bitcoin, this is a thing that requires patience. In addition to the above two points, you also need to recharge faith.

There is a key factor here: Bitcoin is recognized and used by the world's major economies.

If Bitcoin is accepted, I personally think that the world debt problem can be solved, and I also believe that only Bitcoin's volatility tends to balance。

Bitcoin is the only currency with a truly limited supply, which cannot be manipulated by any centralized organization, thus solving this problem. Through its unique design, it tries to eliminate the trust of established financial institutions in the world. The coexistence of the world economy is essentially balance, the balance of the interests of various sovereign states. The essential issue of balance is trust, and the world economy needs a brand new trust system.

I think this is a normal phenomenon. The bull market is generally divided into three stages.

• The first stage is to eliminate panic, and good news is flying all over the sky, steadily rising, which may last for several months.
• In the second stage, there is panic and a sharp drop, which may be due to the overbought phenomenon in the first stage. At this stage, various technical indicators have failed and changed at will. You will find that there is no rule, and then the market will fluctuate. , No breakthrough.
• The mad cow is here. There is no reason to say that it has gone up wildly and ushered in a large amount of incremental funds. Bitcoin has entered the stage of dreams and emotions.

THANK YOU!!
Persistence is victory. The world of Bitcoin requires recharge of faith and patience.

The point is that we can clearly know the flow of Bitcoin so that we can monitor the use and destination of charitable donations, because some charities are not trustworthy.
But I will not reject the many advantages of this approach.


But in other words, I personally would not accept some of the illegal proceeds of hackers for charity.



What do you think of this problem? This is just an example of our lives. Bitcoin will be used more and more widely, but the same freedom is relative, and we must actively respond.