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Showing 3 of 3 results by Lina AH
The government is always one step ahead of its population and of course they want to make a profit from everything. Perhaps if they could somehow help people who own bitcoins, learning, saving, safety, etc. and they would take a small tax for it, I think it would be normal, but in fact I am sure it will be on average 20%. 
We can see the new surge of bitcoin in crypto market . It exceed $500K again and I believe many are earning now especially those with holding during the downtrend of bitcoin. But,to what extent bitcoin will raise more today?
Do you think ,what happened last 2018 will happen again this coming months?
What are the reason behind the rise of bitcoin?
Do you think ,what happened last 2018 will happen again this coming months?
What are the reason behind the rise of bitcoin?
I believe that growth is possible in the next few months. Everything will depend on the number of purchased bitcoins, if it is actively bought, then it is quite possible that the situation in 2018 will repeat itself. It is like a soap bubble - the more investors there are, the faster it can burst.
In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind, as it quickly recovered to its "pre-COVID" prices on the market. It's today where Bitcoin prices are relatively stable. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. COVID-19 will greatly encourage people to adopt Bitcoin over Gold as their next store of value of choice. Thoughts?
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. COVID-19 will greatly encourage people to adopt Bitcoin over Gold as their next store of value of choice. Thoughts?
I think at the moment this is impossible, because for everyone, gold is a more stable currency than bitcoin, and more investors of the older generation are sure to believe the same, because for everyone gold is a more stable currency than bitcoin and more older generation investors will be confident of the same, but in the future I think it will be possible if bitcoin is more stable. Maybe it's a matter of time.