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Showing 20 of 86 results by Mituletr
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Board Bitcoin Discussion
Topic OP
Bitcoin is still the favorite choice
by
Mituletr
on 03/07/2021, 09:58:57 UTC
An important reason for Bitcoin's popularity is that it has withstood the test of time. No digital currency has experienced so many ups and downs like it. It has been discussed many times around the world, and  tenacity of its vitality also proves its value from the side.
Moreover, Bitcoin is the most widely-consensus digital cryptocurrency, and it has a strong international circulation. The total amount of Bitcoin is constant at 21 million, and it is halved about every four years. It is scarce. In addition, Bitcoin is a peer-to-peer transaction transmission, free from the intervention of various institutions, and can circulate around the world. You can send your Bitcoin to any corner of the world. Coupled with the fact that Bitcoin has higher returns than gold. Digital currency or encrypted assets represented by Bitcoin is the general direction of the development of the entire financial industry.
The great investor's enthusiasm over Bitcoin is based on its overall progress during last decade, it is proven only crypto asset that surpasses the expectation of investors and breaks the previous record highs. And bitcoin has been presented to the world to comply with the general trend of economic globalization.

https://medium.com/cryptocurrencies-ups-and-down/bitcoin-is-still-the-favorite-choice-598d15fde96f



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Topic
Board Bitcoin Discussion
Re: Is Bitcoin truly a safe-haven asset?
by
Mituletr
on 03/07/2021, 08:29:03 UTC
At present, Bitcoin does not fully possess the attributes of a safe-haven asset, but it may become a safe-haven asset in the future.
The price of Bitcoin fluctuates greatly, and it changes faster and more frequently than the price of traditional assets. It still has certain risks. But in the long run, considering its inherent scarcity, portability, and immutability, humans are gradually migrating to the digital world. Bitcoin may need more time to gain trust and stability, and it will have the opportunity to become a safe-haven asset in the future.
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Topic
Board Economics
Re: bitcoin wasn’t created to make you rich. It was created to make you free
by
Mituletr
on 03/07/2021, 07:30:58 UTC
Bitcoin is the free flow of value and the free control of value, allowing people all over the world to trade without obstacles. Bitcoin broke the walls between countries and created a completely super-sovereign decentralized currency, bringing the economic connections of the people of the world closer. At the same time, Bitcoin also used technical means to defend the inviolability of private property. As long as you don't reveal your private key, no one can take your bitcoins. Bitcoin is the first free currency without borders and restrictions in history, and it has achieved currency in the world.
At the same time Bitcoin will also make some people rich. Those who believe in bitcoin, no matter the price of bitcoin rises or falls, they will not sell it. When they look at the wallet again, the hundreds of thousands invested in bitcoin at that time may become tens of millions, and eventually they can  make you rich and free.
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Board Bitcoin Discussion
Re: Bitcoin security in the long term
by
Mituletr
on 03/07/2021, 03:20:19 UTC
With the advancement and continuous improvement of Internet technology, the Bitcoin network should become more and more secure, and there will be more miners distributed all over the world. If you want to attack Bitcoin, you need to perform a 51% hashrate attack, which will be very difficult. As Bitcoin is used more and more, people are willing to pay higher fees, and rewards may increase enough for miners to continue to be incentivized to provide security for the network.
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Board Bitcoin Discussion
Merits 1 from 1 user
Bitcoin will Become the Reserve Currency for Every Country
by
Mituletr
on 03/07/2021, 02:32:54 UTC
⭐ Merited by Harper32 (1)
El Salvador’s use of Bitcoin as legal tender is a milestone in the crypto world. This decision will quickly introduce other cryptocurrencies related economic activities into the country, giving it a first-mover advantage in the crypto world. And El Salvador’s bold attempt has brought Bitcoin an excellent opportunity to prove it.
After El Salvador proposed the bill to adopt Bitcoin as legal currency, Panamanian Congressman Gabriel Silva tweeted that Panama cannot be left behind. If Panama wants to become a true center of technology and entrepreneurship, we must support cryptocurrency and Prepare a proposal for parliament. The President of Colombia shown a fanatical interest in cryptocurrencies, the Paraguay official said that our country needs to move forward hand in hand with the new generation. Our time has come we started an important project, Paraguay is really taking off in the face of the world of innovation!”

https://medium.com/cryptocurrencies-ups-and-down/bitcoin-will-become-the-reserve-currency-for-every-country-c5a372a989c4
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Board Bitcoin Discussion
Re: I think Bitcoin is great as an asset and not as a Currency.
by
Mituletr
on 03/07/2021, 02:22:00 UTC
Bitcoin can be used as an asset and currency. It is a store of value asset with currency attributes. Due to the high volatility of Bitcoin's price, it cannot become a widely used payment method in daily life. It is not widely accepted as a currency in daily life, but is used more for speculation. So most people don't use Bitcoin as currency, but as an asset. Therefore, people are more inclined to regard it as an asset, long-term purchase and ownership. The higher value and volatility of Bitcoin will lead to higher profits. As an asset or investment, it is indeed very profitable.
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Board Bitcoin Discussion
Re: Bitcoin will never be gone
by
Mituletr
on 03/07/2021, 01:47:20 UTC
Bitcoin will not disappear. It relies on miner nodes to operate and maintain security. As long as the Internet exists, Bitcoin will not disappear, and with the rise and maturity of Internet finance, blockchain technology will gradually improve. With the strengthening of people's consensus, the demand for Bitcoin is increasing, and people are increasingly believing in Bitcoin, and Bitcoin represents the currency of a better future for society, and people will always invest in their own future.
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Board Bitcoin Discussion
Merits 1 from 1 user
The Power of Immutability — You Don’t Change Bitcoin, Bitcoin Changes You
by
Mituletr
on 02/07/2021, 08:04:55 UTC
⭐ Merited by Liamttw (1)
Bitcoin doesn’t change, but it changes its users forever, for the better.
By embracing the Bitcoin revolution, you will be able to take advantage of the power that Bitcoin gives you.
https://www.inbitcoinwetrust.net/the-power-of-immutability-you-dont-change-bitcoin-bitcoin-changes-you-1ef981cb388c
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Board Bitcoin Discussion
Topic OP
This Bitcoin technology will destroy your favorite altcoin
by
Mituletr
on 30/06/2021, 01:17:14 UTC
https://thegarret.org.uk/this-bitcoin-technology-will-destroy-your-favorite-altcoin-drivechain/

Bitcoin side chains could be developed that implement any features and characteristics of any altcoin on a side chain using BTC as collateral.
What are your thoughts on Bitcoin side chains? Is there really potential for Bitcoin to metamorphosis into every altcoin? Or are there some key limitations that could stop this from happening?
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Board Bitcoin Discussion
Re: Bitcoin critisism
by
Mituletr
on 29/06/2021, 09:27:24 UTC
Bitcoin worked as the standard currency. There would not be enough coin to go around for each individual. Currency cannot be printed further once it reaches its limit to grow the economy , the government cannot aid in financial crisis in the same way that it can with the real dollar.
Bitcoin can't be a bubble, because it's just a ledger of transactions and a collection of nodes securely maintaining that ledger. There are no dollars and cents stored in that ledger, only Satoshi amounts.
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Topic
Board Bitcoin Discussion
If Bitcoin was legal tender in your country would you actually spend it
by
Mituletr
on 26/06/2021, 05:51:15 UTC
Given that the majority of us believe that Bitcoin will increase in value over time, would u want to spend it rather than hodl and let it appreciate.

Example: Let's say I purchased a car for 1 bitcoin today but next week the value of Bitcoin has doubled meaning I was probably better off using fiat.
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Topic
Board Bitcoin Discussion
Re: Paraguay to propose Bill that would make Bitcoin Legal Tender
by
Mituletr
on 24/06/2021, 07:08:17 UTC
 I think BTC is an excellent investment and has immense opportunity to change the world, but I think these people need to educate themselves about crypto in general.  Nevertheless it's important to see congressman take a look to crypto alternatives even if the bill don't pass. We're just in the beginning, this will bring more visibility to the space
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Board Bitcoin Discussion
Re: Why do people invest in cryptocurrencies despite it being so volatile?
by
Mituletr
on 23/06/2021, 07:56:57 UTC
If the probability of a coin going up is higher than the probability of the coin going down (you have to make your own assessment), then it has a positive expectation, and even if risky, you will win in the long run. The volatility of the market can't be controlled,  Btc has a very high historical rate of return. As long as you can stomach swings and have a long time horizon, it's not really an issue.
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Board Bitcoin Discussion
China closing much of it’s Bitcoin mining
by
Mituletr
on 23/06/2021, 07:41:04 UTC
China closing much of it’s Bitcoin mining is probably a really good thing for the advancement of Bitcoin that is mined with renewable energy.
It seemed that China was leading the world in mining, but was using coal power for much of it. With China’s coal powered mining ceasing, we may be able to see a quick and significant movement in the percentage of clean energy Bitcoin Mining…. I wonder if we could get above the 70% threshold that Mr Musk set to change the perception of the mining energy draw.
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Board Bitcoin Discussion
Re: Investing in bitcoins for future kids
by
Mituletr
on 22/06/2021, 02:04:33 UTC
Bitcoin is not restricted by countries and regions. The decentralization, irreversibility, and traceability of the blockchain can solve social problems well. The emergence of cryptocurrency has provided more opportunities for everyone to explore the new world, waiting for better technology to change our lives, and waiting for the return of investment in digital assets.
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Board Bitcoin Discussion
Re: Why some millionaires hate Bitcoin?
by
Mituletr
on 21/06/2021, 05:49:09 UTC
I think it's because bitcoin is a relatively new concept that they have a difficult time wrapping their heads around. But they typically use fiat to make more fiat, introducing a crypto currency accepted globally undermines their purchasing power by taking away their fiat demand.
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Board Bitcoin Discussion
Re: If governments block Bitcoin, does Bitcoin have no value?
by
Mituletr
on 19/06/2021, 02:13:09 UTC
It is impossible for all governments to block Bitcoin. Bitcoin can be consumed and exchanged for other currencies, so it becomes valuable. As long as it continues to be useful, unique and safe, it will remain valuable.
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Board Bitcoin Discussion
Re: I have concluded that all governments together can't stop bitcoin
by
Mituletr
on 16/06/2021, 08:17:17 UTC
This kind of thing will not happen in fact. If the governments of all countries ban Bitcoin, this will show the great terror of Bitcoin, indicating that Bitcoin will shake the country's political power, and the result is that Bitcoin is deeply rooted in the people.
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Board Bitcoin Discussion
Re: Now is the best time to invest in Bitcoin
by
Mituletr
on 16/06/2021, 01:42:02 UTC
As long as you invest your spare money, you can buy it anytime. Bitcoin is the perfect speculative product. Sooner or later, it will rise. It's just a matter of time. Since it is idle money, put some in the wallet and remember the private key.
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Topic
Board Bitcoin Discussion
Re: Bitcoin should be taxed
by
Mituletr
on 15/06/2021, 06:52:13 UTC
Taxation can only make the price of Bitcoin higher. Taxation means that the country officially recognizes that the income of Bitcoin is legal. Since paying taxes in accordance with the law, the country has the obligation to protect Bitcoin.