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China is sprinting its testing on the digital yuan. It will not take too long before the digital Yuan is executed and it believes China will become less independent of the US Dollar.
Is this a good thing or will China become even more economically powerful and therefore a threat? https://www.worldcoinindex.com/nl/news/chinese-central-bank-deputy-governor-wants-china-to-accelerate-pboc-rollout
And We already know that China is aiming for global domination specially in terms of economy, and I am sure they are seeing this digital yuan as a possible many tools they can use to entice more countries to go away from the domination of the US Dollar in international commerce. However, many countries right now are also starting to get wary of the intention of China, at least in part this is exposed with the pandemic. Many countries are now starting to resist the influence of China. Many are now seeing that China can be a trap. Personally, I don't see China to be the one to dominate of the vacuum that will be left by USA in the global commerce, that position is reserved for another (still emerging) entity.
Is this a good thing or will China become even more economically powerful and therefore a threat? https://www.worldcoinindex.com/nl/news/chinese-central-bank-deputy-governor-wants-china-to-accelerate-pboc-rollout
And We already know that China is aiming for global domination specially in terms of economy, and I am sure they are seeing this digital yuan as a possible many tools they can use to entice more countries to go away from the domination of the US Dollar in international commerce. However, many countries right now are also starting to get wary of the intention of China, at least in part this is exposed with the pandemic. Many countries are now starting to resist the influence of China. Many are now seeing that China can be a trap. Personally, I don't see China to be the one to dominate of the vacuum that will be left by USA in the global commerce, that position is reserved for another (still emerging) entity.
Is money the real root of all evil in today's society
Quote
I do not think so, its like saying we dont need money, but money sustains life. It will always depend on how you used your money. There are many meaningful things you can use the money for; e.g., building hospitals, feeding the homeless, building schools, a fund to teach people, charity workhelpingelp technologsupportingort the government in enhancing its citizen's way of living, and other many things you can do with worthwhile money. I have read about the love of money, it talks about every behavior of an individual, not money itself that as the source of all different types of evil and distress. Money is ethically neutral; I believe there is naught wrong with money or the ownership of wealth. But, once the money starts to control a person that is when the trouble began. People being controlled by money will feel superior and takes pride in power which leads to greediness and obsessions of an individual. He or She will enjoy the luxury of life, they will use their money to dictate and control other people for his or her will. Money is a necessity that is why people do fraud, insult, kill, and do bad things to have it. Hence, it is not the money but the love of it that is the root of all evil.
The volatility of bitcoin won't end anytime, I think we have to give more time for more people to appreciate bitcoin and use it in daily business transactions. At the moment, I believe some form of regulation can help make things pretty much more stable than we have at the moment otherwise we shall experience more issues with volatility. The high price volatility of Bitcoin and other decentralized cryptocurrencies will never evaporate. On the perverse, if the expense of cryptocurrency will improve, the volatility will only boost, as the expense spectrum will develop.
As long as the price of cryptocurrency will depend on supply and demand, the high price volatility of cryptocurrency will remain. Still think the ETF funds can solve this problem, or at least will lessen the volatility of Bitcoin. The more control of the market, the less volatility it will be, now we still don't have any rule or laws to govern this market,.
As long as the price of cryptocurrency will depend on supply and demand, the high price volatility of cryptocurrency will remain. Still think the ETF funds can solve this problem, or at least will lessen the volatility of Bitcoin. The more control of the market, the less volatility it will be, now we still don't have any rule or laws to govern this market,.
Some people say bitcoin is like spiritual assumptions I was reading some Bitcoin stuff online and this headline caught my attention: "Is Bitcoin a religion? If not, it soon could be" I thought to myself that maybe some people indeed Bitcoin functioning like some form of faith while already not believing the current financial and economic set-up established by our government a long time ago.
But honestly, since I have my own religious beliefs too, I can not be easily carried away by any religious and emotional appeals, and I realize that there can be many people like me who might not like the idea of bringing Bitcoin into the religious realm.
Now, bringing into the world said that, do you think there can be advantages to Bitcoin if we start linking it to religious matters?
Or it might be but not the same religion that we commonly know. Religion means the practice of believing in something influential. I assume Bitcoin will be god's in this case. It would be false if idolization is necessary
But honestly, since I have my own religious beliefs too, I can not be easily carried away by any religious and emotional appeals, and I realize that there can be many people like me who might not like the idea of bringing Bitcoin into the religious realm.
Now, bringing into the world said that, do you think there can be advantages to Bitcoin if we start linking it to religious matters?
Or it might be but not the same religion that we commonly know. Religion means the practice of believing in something influential. I assume Bitcoin will be god's in this case. It would be false if idolization is necessary
For those who do not know, the last company (brand) that has determined to accept Bitcoin as a an expenditure method is the Mazzanti supercar brand. I would like to know what you think will be the next brand that will accept Bitcoin to buy their cars, and do not say all at once Lambooo 
I say that the next brand to accept Bitcoin will be Pagani What about Tesla and SpaceX? Haha
Pay for Electric cars and ticket to Mars in Bitcoin.
I say that the next brand to accept Bitcoin will be Pagani What about Tesla and SpaceX? Haha
Pay for Electric cars and ticket to Mars in Bitcoin.
In my discussions, it will be difficult because governments find it difficult to accept bitcoin, but all the same, we are our government in the crypto world
And in what way can bitcoin even theoretically surpass fiat cash on hand? The quantity of funds in cryptocurrency, and even more so in bitcoin, is still so fairly small that even the G20 countries decided that cryptocurrency poses no threat to financial stability.
Bitcoin and cryptocurrency in general cannot supplant ordinary currencies of states or exist without them.
Bitcoin is far superior to all other fiat currencies in price alone.
And in what way can bitcoin even theoretically surpass fiat cash on hand? The quantity of funds in cryptocurrency, and even more so in bitcoin, is still so fairly small that even the G20 countries decided that cryptocurrency poses no threat to financial stability.
Bitcoin and cryptocurrency in general cannot supplant ordinary currencies of states or exist without them.
Bitcoin is far superior to all other fiat currencies in price alone.
Noticing BTC proceeding down for quite some period now, I presumed people will be withdrawing their assets to shares in other businesses. But it amazed me that BTC is gaining more rage and a multitude of people are still rushing BTC. What is the secret behind BTC?
More specifically it was not a substitute but assumed the workings of Bitcoin with the Blockchain web.
There are already numerous exchanges that make the coins comparable to FIAT circulating in the real globe, for example, true USD, USD Coin, Tether aka USDT, Gemini Dollar, and bitUSD. But maybe in the very distant future, it may be yes, but shortly, it is unlikely because there are a lot of corners on earth where there is neither electricity nor devices to use cryptocurrency!
There are already numerous exchanges that make the coins comparable to FIAT circulating in the real globe, for example, true USD, USD Coin, Tether aka USDT, Gemini Dollar, and bitUSD. But maybe in the very distant future, it may be yes, but shortly, it is unlikely because there are a lot of corners on earth where there is neither electricity nor devices to use cryptocurrency!
⭐ Merited by EarnOnVictor (1)
Bitcoin fans!
Despite its rise and fall in value over the last few years, Bitcoin is still one of the most in-demand cryptocurrencies in the market. With the increasing number of multitude diving into Bitcoin, more and more BTCs are being mined every single day, which poses the question: Will Bitcoin ever run out? If youre interested in more about whats in store for the future of Bitcoin, then read on.
What is Bitcoin mining and how long will it take?
Currently, there are approximately 18,000,000 BTC tokens in presence. When the limit is reached, there will be no more tokens created. According to Decrypt.com, the last Bitcoin will be mined in 2140.
Frequently referred to as digital gold, Bitcoin is obtained through a process called mining where miners can produce Bitcoin tokens by solving a complex mathematical problem in the blockchain. Bitcoin has a hard cap of 21 million. This means, there is a finite number of Bitcoin tokens that can be mined.
What happens when the last Bitcoin is mined?
A Bitcoin token is produced every 10 minutes when a miner adds a new block to the chain. Each time a miner successfully processes a transaction, they are rewarded in BTC.
Once the last Bitcoin transaction is made, all the miners in the chain will still be a part of the network, but they will no longer receive BTCs as incentives for maintaining the blockchain.
As the price of Bitcoin continues to rise, it inspires a lot of people to become miners. Through the use of high-end devices, miners can participate and add more blocks to the chain. However, if this process goes unchecked, the supply can run out immediately.
18.5 million Bitcoin tokens have already been mined. With roughly 3 million tokens left, its easy to imagine that Bitcoins mining stage could be coming to an end soon.
To slow down the production of tokens, Bitcoin halving happens when the 210,000 blocks are added to the blockchain. During this event, the miners rewards are halved to ensure that the significance of Bitcoin becomes scarce, which in turn pushes up its price in the market.
When the first Bitcoin was mined, miners would receive a reward of 50 BTC. It was cut by 50% in 2012, which decreased their incentives by half. Then in 2016, miners received 12.5 BTC, and then it was again cut in half so it became 6.25 BTC in 2020. When the 740,001st block is added to the chain, the reward will be 3.125 BTC. This halving process will continue every four years until all the tokens are mined. In the Bitcoin timeline, BTC tokens wont run out for the next hundred years.
The importance of Bitcoins finite supply and Bitcoin halving
The idea of an unceasing production of Bitcoin is enticing, but just like everything else in the economy, it must follow the law of supply and demand. If new Bitcoins are steadily added to the blockchain, it would result in overproduction. When this happens, the value of Bitcoin will decrease.
Contrary to the traditional banking system, minted Bitcoin tokens cannot be reprinted by the government. Because of its hard-capped supply, the 21 million will stay fixed and keep its circulation in the market in check.
Is it time to mine or buy Bitcoin?
Theres no better time than now to join the crypto fray. As cryptocurrency gains traction by the day, people can see the undeniable rewards of investing and mining. If youre a tech-savvy person, mining is an option.
On the other hand, if youre keener to trade or just simply keep your tokens, then buying Bitcoins is better for you. Just look for a Bitcoin Exchange that features trading, buying, and selling, as well as a reliable crypto wallet.
Bitcoins supply will not run out in the next hundred years or so and it still has time to change the financial sector as we know it. With its significant growth in the past few months, Bitcoin is on its way to ushering in the extremist promise of blockchain technology and decentralization.
Which is better for you, to mine Bitcoin or buy Bitcoin?
Thanks for reading and waiting for your thoughts.
Cheers,
Susano waiting for your thoughts on this subject
Despite its rise and fall in value over the last few years, Bitcoin is still one of the most in-demand cryptocurrencies in the market. With the increasing number of multitude diving into Bitcoin, more and more BTCs are being mined every single day, which poses the question: Will Bitcoin ever run out? If youre interested in more about whats in store for the future of Bitcoin, then read on.
What is Bitcoin mining and how long will it take?
Currently, there are approximately 18,000,000 BTC tokens in presence. When the limit is reached, there will be no more tokens created. According to Decrypt.com, the last Bitcoin will be mined in 2140.
Frequently referred to as digital gold, Bitcoin is obtained through a process called mining where miners can produce Bitcoin tokens by solving a complex mathematical problem in the blockchain. Bitcoin has a hard cap of 21 million. This means, there is a finite number of Bitcoin tokens that can be mined.
What happens when the last Bitcoin is mined?
A Bitcoin token is produced every 10 minutes when a miner adds a new block to the chain. Each time a miner successfully processes a transaction, they are rewarded in BTC.
Once the last Bitcoin transaction is made, all the miners in the chain will still be a part of the network, but they will no longer receive BTCs as incentives for maintaining the blockchain.
As the price of Bitcoin continues to rise, it inspires a lot of people to become miners. Through the use of high-end devices, miners can participate and add more blocks to the chain. However, if this process goes unchecked, the supply can run out immediately.
18.5 million Bitcoin tokens have already been mined. With roughly 3 million tokens left, its easy to imagine that Bitcoins mining stage could be coming to an end soon.
To slow down the production of tokens, Bitcoin halving happens when the 210,000 blocks are added to the blockchain. During this event, the miners rewards are halved to ensure that the significance of Bitcoin becomes scarce, which in turn pushes up its price in the market.
When the first Bitcoin was mined, miners would receive a reward of 50 BTC. It was cut by 50% in 2012, which decreased their incentives by half. Then in 2016, miners received 12.5 BTC, and then it was again cut in half so it became 6.25 BTC in 2020. When the 740,001st block is added to the chain, the reward will be 3.125 BTC. This halving process will continue every four years until all the tokens are mined. In the Bitcoin timeline, BTC tokens wont run out for the next hundred years.
The importance of Bitcoins finite supply and Bitcoin halving
The idea of an unceasing production of Bitcoin is enticing, but just like everything else in the economy, it must follow the law of supply and demand. If new Bitcoins are steadily added to the blockchain, it would result in overproduction. When this happens, the value of Bitcoin will decrease.
Contrary to the traditional banking system, minted Bitcoin tokens cannot be reprinted by the government. Because of its hard-capped supply, the 21 million will stay fixed and keep its circulation in the market in check.
Is it time to mine or buy Bitcoin?
Theres no better time than now to join the crypto fray. As cryptocurrency gains traction by the day, people can see the undeniable rewards of investing and mining. If youre a tech-savvy person, mining is an option.
On the other hand, if youre keener to trade or just simply keep your tokens, then buying Bitcoins is better for you. Just look for a Bitcoin Exchange that features trading, buying, and selling, as well as a reliable crypto wallet.
Bitcoins supply will not run out in the next hundred years or so and it still has time to change the financial sector as we know it. With its significant growth in the past few months, Bitcoin is on its way to ushering in the extremist promise of blockchain technology and decentralization.
Which is better for you, to mine Bitcoin or buy Bitcoin?
Thanks for reading and waiting for your thoughts.
Cheers,
Susano waiting for your thoughts on this subject
As NGN done enter binance, anybody join the campaign, abi em be nor get campaign / project. As a stable coin way I sure say em go be, em go affect positively to the growth/development of Nigeria currency or.....?
This 9ja matter self na ooo just dey look this coming election.
I watch one video how dey tak kill local government chairman for ldeatu North imo state wey unknown men kidpan am about 3 to 4 days
dey cum cut him head like cow meat
God help Nigeria we dey ur hand I
I watch one video how dey tak kill local government chairman for ldeatu North imo state wey unknown men kidpan am about 3 to 4 days
dey cum cut him head like cow meat
God help Nigeria we dey ur hand I
Only a fool tests a drive with his two leg
This means - you don't jump straight into a situation without thinking about it first
A roaring lion kills no one
Mean you cannot achieve or gain anything by merely sitting around and just talking about it
Life is like a mist or a shadow, it
Mean- quickly passes by life is too short, and you only live it once.
This means - you don't jump straight into a situation without thinking about it first
A roaring lion kills no one
Mean you cannot achieve or gain anything by merely sitting around and just talking about it
Life is like a mist or a shadow, it
Mean- quickly passes by life is too short, and you only live it once.
How I no get time of my girlfriend when I dey do Bitcointalk.org
Story story 😁
Sometimes from morning till night my eye just dey my phone. dey press nd no be say I dey do yahoo self 😭
I fit dey house dey think of post to write or dey think on how to tak reply post not tinx hard pass that one self
for Bitcointalk.org
See mak I tell u something as a Bitcointalker time no dey to check time na fire for fire 🔥
nd for newbies ur eye go see pape u go collect 😁 so newbie mak ur eye shine ooo
and cum u self fit add ur own story on how u tak share ur time *SUSANO CARES *
Sometimes from morning till night my eye just dey my phone. dey press nd no be say I dey do yahoo self 😭
I fit dey house dey think of post to write or dey think on how to tak reply post not tinx hard pass that one self
for Bitcointalk.org
See mak I tell u something as a Bitcointalker time no dey to check time na fire for fire 🔥
nd for newbies ur eye go see pape u go collect 😁 so newbie mak ur eye shine ooo
and cum u self fit add ur own story on how u tak share ur time *SUSANO CARES *
We know the US dollar is the world-accepted banknote and can be used as a medium of trade. In the crypto world, Bitcoin is the most popular and the highest-received currency with incredible value. Different nations have authorized bitcoin for transactions and multiple of them are sentiments. Its approval is slowly expanding day by day. Do you think bitcoin will be the commander of the worlds currency market like the US dollar in destiny?
I saw this news and it got me thinking if the growth of Bitcoin in the United States is gonna be hindered since the government plans on introducing the digital dollar. Though I've no idea how it's gonna work.
Quote from: copied from https://www.msn.com/en-us/money/markets/president-biden-gives-crypto-a-bitter-taste-of-what-lies-ahead/ar-AA1207rp
The White House is urging the Federal Reserve to explore the launch of a digital dollar, or Central Bank Digital Currency, which would be controlled by the Fed. This identical digital twin of the dollar would be entirely regulated.
A U.S. digital dollar "facilitates faster cross-border transactions and is environmentally endurable," the Biden government explained. "It could facilitate financial inclusion and equity by enabling access for a broad set of consumers."
It could also "protect against cyberbullying and operational risks, safeguard the privacy of sensitive data, and minimize risks of illicit financial transactions."
In addition, the White House believes a U.S. digital dollar "could also help preserve U.S. global financial leadership, and support the effectiveness of embargoes."
I don't think this will be that much of an issue since the so-called "Digital Dollar" is still gonna be governed by the Federal Government which makes it not decentralized, unlike Bitcoin.
But what do you guess?
Quote from: copied from https://www.msn.com/en-us/money/markets/president-biden-gives-crypto-a-bitter-taste-of-what-lies-ahead/ar-AA1207rp
The White House is urging the Federal Reserve to explore the launch of a digital dollar, or Central Bank Digital Currency, which would be controlled by the Fed. This identical digital twin of the dollar would be entirely regulated.
A U.S. digital dollar "facilitates faster cross-border transactions and is environmentally endurable," the Biden government explained. "It could facilitate financial inclusion and equity by enabling access for a broad set of consumers."
It could also "protect against cyberbullying and operational risks, safeguard the privacy of sensitive data, and minimize risks of illicit financial transactions."
In addition, the White House believes a U.S. digital dollar "could also help preserve U.S. global financial leadership, and support the effectiveness of embargoes."
I don't think this will be that much of an issue since the so-called "Digital Dollar" is still gonna be governed by the Federal Government which makes it not decentralized, unlike Bitcoin.
But what do you guess?
There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.
In your statement or ideas, what are the elements that can influence the price of bitcoin?
In your statement or ideas, what are the elements that can influence the price of bitcoin?
On June 4, a new study performed by a number of Russia-based crypto exchanges revealed a significant rise in Bitcoin (BTC) trading across Russia since March amid the COVID-19 lockdown.
As RBC reports, representatives from the Russian offices of exchanges like Binance, Garantex, and EXMO, highlighted the growth in the number of users in Russia. This number is relative to the increase in trading volumes from March until June.
As RBC reports, representatives from the Russian offices of exchanges like Binance, Garantex, and EXMO, highlighted the growth in the number of users in Russia. This number is relative to the increase in trading volumes from March until June.
Just how bad is the bear market right currently?
Historically low expenses have survived for a longer period in the present bear market cycle than in any other.
The leading cryptocurrency, Bitcoin, has been in a freefall since January 2021, when it hit a high of $69,000. A maximum unrealized failure of 75% from the all-time high was sustained by long-term investors as BTC fell to $17,000 midway through the year. An important indicator of the true worth of one's Bitcoin assets is the net unrealized profit or loss (NUPL).
Is the Current Bitcoin Bear Market That Bad?
At its present NUPL value, the Bitcoin network is experiencing a loss. A review by CoinGabbar indicates that there is still room for maximal BTC investment at this time. In contrast, it appears that institutional investors are not actively buying up Bitcoin. Compared to the Bitcoin lows in July 2022, the present loss condition is significantly better.
Bitcoin has been on a downward trend recently. The cryptocurrency market hit a three-month low of $18,432 earlier this week. CoinGabbar reports that the current price of Bitcoin (BTC) is $18,930, down 3.21% in the previous 24 hours. Since its price dropped recently, Bitcoin's share of the cryptocurrency market has shrunk. This means that Bitcoin now accounts for 41.02% of the total market cap of all cryptocurrencies.
Institutional Investors Have Little Faith
Grayscale, a company that manages bitcoin assets, has noticed a decrease in its Bitcoin volumes. What this says is that institutional investors are not optimistic. The largest institutional investor in Bitcoin, Microstrategy, has increased its holdings. According to their most recent SEC filing, the firm has spent $6 million for Bitcoin at a price of approximately $19,851 per token. Together with its affiliates, Microstrategy now governs over 130,000 BTC.
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Historically low expenses have survived for a longer period in the present bear market cycle than in any other.
The leading cryptocurrency, Bitcoin, has been in a freefall since January 2021, when it hit a high of $69,000. A maximum unrealized failure of 75% from the all-time high was sustained by long-term investors as BTC fell to $17,000 midway through the year. An important indicator of the true worth of one's Bitcoin assets is the net unrealized profit or loss (NUPL).
Is the Current Bitcoin Bear Market That Bad?
At its present NUPL value, the Bitcoin network is experiencing a loss. A review by CoinGabbar indicates that there is still room for maximal BTC investment at this time. In contrast, it appears that institutional investors are not actively buying up Bitcoin. Compared to the Bitcoin lows in July 2022, the present loss condition is significantly better.
Bitcoin has been on a downward trend recently. The cryptocurrency market hit a three-month low of $18,432 earlier this week. CoinGabbar reports that the current price of Bitcoin (BTC) is $18,930, down 3.21% in the previous 24 hours. Since its price dropped recently, Bitcoin's share of the cryptocurrency market has shrunk. This means that Bitcoin now accounts for 41.02% of the total market cap of all cryptocurrencies.
Institutional Investors Have Little Faith
Grayscale, a company that manages bitcoin assets, has noticed a decrease in its Bitcoin volumes. What this says is that institutional investors are not optimistic. The largest institutional investor in Bitcoin, Microstrategy, has increased its holdings. According to their most recent SEC filing, the firm has spent $6 million for Bitcoin at a price of approximately $19,851 per token. Together with its affiliates, Microstrategy now governs over 130,000 BTC.
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