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Showing 8 of 8 results by shivamtrivedi9090
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Topic
Board Bitcoin Discussion
Re: Why do people avoid bitcoin?
by
shivamtrivedi9090
on 08/01/2021, 11:03:41 UTC
People are not avoiding bitcoin. The thing is that they have no proper knowledge about cryptocurrencies and its working. Here are some reasons:

  • Due to the Bitcoin Volatility history, people consider it as a very risky investment.
    People don't know how cryptocurrencies work.
    Government Compliance also one the major issue. In Many countries, cryptocurrencies are still banned.
    Negative stories are play a vital role in bitcoin investment. Ico scam and hack also affects the perspective of people.

Although, crypto education can settle out these misconceptions.
Post
Topic
Board Bitcoin Discussion
Re: Is this the right time to reinvest into Bitcoin?
by
shivamtrivedi9090
on 08/01/2021, 10:40:56 UTC
Bitcoin has reached its all-time high of $22,158.40. This boost up has attracted many investor traders and individuals to invest in bitcoin trading. During the previous year, when global economy was facing numerous ups and downs, Bitcoin had got massive success because many investors, traders and individuals are preferring bitcoin investment. Many Business are allowing its customer bitcoin payments.

If you want to make long-term investment than it's the right time to make investment. But investing in bitcoin for short period is not the right choice. As all of us know the volatility of Bitcoin.
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Topic
Board Bitcoin Discussion
Topic OP
How One Can obtain bitcoins?
by
shivamtrivedi9090
on 08/01/2021, 10:15:40 UTC
There are different ways by which we can obtain bitcoins like Buying on exchange, accepting bitcoin payments or using mining.
Which is the fast and beneficial resources of obtaining bitcoin??
Post
Topic
Board Bitcoin Discussion
Re: Are people buying BTC @ $27000+ idiots?
by
shivamtrivedi9090
on 31/12/2020, 13:27:35 UTC
Calling those people idiots is not the right thing. As all of us know that the bitcoin price is rising continuously. It just that those people believe in Bitcoin's potential and may able to manage the risk.
Definitely, those people have some sound future planning. An ordinary person with lower financial sources can't do that kind of dare. Maybe they are investors, high net worth individuals, big companies, and traders who want to get profits in a short time or for the long term.
Post
Topic
Board Development & Technical Discussion
Re: Who has to agree upon a consensus change?
by
shivamtrivedi9090
on 31/12/2020, 12:42:53 UTC
As there is no particular owner for the bitcoin repository. But the bitcoin community can deploy the changes if required. The community as a whole can never be forced to adopt undesirable changes to Bitcoin protocols. Anyone can submit a BIP(Bitcoin Improvement Proposals) that aims to change the bitcoin core. The BIP must be approved by an editor.
The BIP must be voted in with 95% confidence from the miners. The community must upgrade to the new software version.
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Topic
Board Economics
Re: Bitcoin vs Traditional currencies
by
shivamtrivedi9090
on 25/12/2020, 12:19:15 UTC
Despite the success records of Bitcoins and individuals' investment in bitcoins, Bitcoin may not replace the traditional currencies. As traditional currencies are printed & controlled by the governments whereas bitcoin doesn't control by a third party.
No doubt, investors and individuals considering it as a safe vehicle against the finical crisis. But, many people still don't know about what is bitcoin, how it works, and the investment benefits of bitcoins.
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Topic
Board Bitcoin Discussion
Topic OP
Is Bitcoin capable to recover from Financial Crisis?
by
shivamtrivedi9090
on 23/12/2020, 13:23:07 UTC
Can people consider bitcoin as a shield against the Financial crisis?
 

No doubt, during the expected Covid Pandemic when the world economy is shrinking and the global economy in recession time after the 2nd world war, the Crypto market was on its boom and proven itself as the best currency of the world. Bitcoin jumped above $23,000 to a three-year high recently as a growing number of investors backed it as an alternative to other assets. Investors take their look at the bitcoin investments and its long-term benefits. Many people around the world choosing bitcoin investments because of its massive success.
 
But in spite of all these, Is it really capable to recover us from Financial Crisis?
Post
Topic
Board Legal
Re: Money laundering via BTC
by
shivamtrivedi9090
on 20/12/2020, 10:54:47 UTC
Many people criticizing the cryptocurrency for Money Laundering. Many cases had seen of money laundering via BTC. But money laundering is still possible in the banking systems as well. And all of us had seen these cases as well.
Currently, the cryptocurrency industry has also been criticized for being a tool for money laundering, despite statistics stating otherwise. It is estimated that only 1.1% of all cryptocurrency transactions are illicit.  All we need to know the hidden truths of money laundering.
With the growing use of the Bitcoin network, 42 million Bitcoin wallets, and counting, it is becoming increasingly possible to track transactions on public blockchains, while private banking transactions remain hidden in plain sight.