Bitcoin mining can prove to be really expensive. You will first have to spend money on buying a system with high configurations and then, get an uninterrupted internet connection. You will also have to make sure that no power cuts happen in your area which can prove expensive for you. Even when you have managed to get all of this, there are not many chances that you will be able to mine bitcoins successfully.

I had only heard of bitcoin till 2017. But when a friend of mine was planning to put his money in Ripple, I researched more about cryptocurrencies and that’s when I got to know some details about bitcoin. Bitcoin was at around $1500 when I started keeping an eye on it.

Despite the recent slump, Bitcoin still remains the most valuable cryptocurrency. The price of Bitcoin is determined by the supply and demand of the coin in the market. Moreover, there is a limited quantity of Bitcoin available on the market, which results in a price hike of the coin.

@LUCKMCFLY I agree with this, there are people who regret selling their BTC when it’s value dropped by 50%. Though at that point of time it was genuine for anyone to panic. But today we say the fear was not real at that time.

Bitcoin is the oldest and most popular cryptocurrency. But if we look at the value growth rate it is Ethereum that is excelling. The value growth rate of bitcoin was 437 percent in the past one year. And Ethereum’s 946 percent.

Day trading and investing are very different in terms of analysis. To day trade, you depend on technical analysis but investing can only be done by fundamentally analysing all the underlying factors that are responsible for the long term future of an asset.

If there is an option, I prefer to pay with my crypto coins.

I think this decline is because of the spreading of the new Omicron strain of the Covid-19 virus. I do not find any reason to panic as crypto has seen worse conditions than this. I am expecting a bullish movement in the coming New Year.

It is impossible to ban or control any decentralized finance by any government. Further, I do not think the Indian government has any such plan. However, they may bring some stipulations on the acceptance of bitcoin payments in a few sectors.

Considering the present price of bitcoin, 0.1 BTC makes a huge amount. Now, the profit depends on what price you bought that. If you are holding 0.1 BTC for more than a decade now, you have won the jackpot already. If you want to hold it more, it can return you a bigger profit or maybe a loss.

It is beyond the scope of any government to bring bitcoin under any central oversight even, forget about making it centralized. No government has any control over bitcoin mining and trading.

Bitcoin is a crypto currency with no physical existence. A person can store Bitcoin in his blockchain account. Secured De-Fi wallets can also be used for storing bitcoins, and the details should be stored with the ultimate privacy. Hence, when a person dies, those details can be lost forever. In that case, it will be impossible to recover them again. However, the person can decide to share the details with his family members considering a case of emergency like death.

That is interesting. I am not good at writing lyrics. However, I will be eagerly waiting to listen to the final chore. All the best buddies!

I am not that expert, nor have I the time to do extensive analysis before buying bitcoin. If I find a bearish market and have some money to invest, I do my buying.

I do not think it is possible to retrieve bitcoin once it is stolen by hackers. I do not think complaints will be very fruitful.

I think Mr. Saylor will both invest and hold bitcoins irrespective of the price. I believe he has the intention of earning more in the future

I think businesses should accept a bitcoin payment without any worries. Bitcoin is safer than a fiat currency in terms of getting counterfeited due to the use of blockchain technology. Bitcoin is more legitimate in terms of transparency than the regular currency. Besides, it provides the ultimate privacy by removing the interference of central authorities and useless intermediaries.

No one can ignore the prospect of bitcoin. It is an asset that can be utilized in many sectors like insurance, investment, engineering, healthcare, education, etc. However, I do not support the marketing strategy of making it famous among students by gifting them to a few lucky ones. It can be fatal for a country’s future if students start concentrating on crypto trading instead of studies.

I do not have any idea whether the government of Slovakia has decided to include learning the basics of bitcoin in their curriculum. In that case, there is no point in protesting. Otherwise, the government should possess restrictions on that. Student life is for gathering education, making a career, and fun. Trading and earning should not be their goal as minors.

You can look for online jobs that pay in the form of bitcoin. There are several online games that pay the reward of winning in the form of bitcoin. You can play those games if you are a gamer.