"Bitcoin is the most beautiful currency in the world." I really liked this phrase. It's like a kind of yarn used by poets. Bitcoin really deserves this title.

There are many things that truly make Bitcoin “the most beautiful currency in the world,” regardless of decentralization, maintaining privacy, security, a means of hedging, and many other features. Suffice it to say that Bitcoin has made many people’s lives better and easier.

Bitcoin has given many people the financial freedom that the rich have monopolized over the past decades.

You can still sign up and buy GME if you feel like it. It dipped now and let me say 60% of my limit orders got filled. You know when a coin/stock goes up, people will take profits and some will panic sell at a loss. I'm hoping for the rest of my orders to get filled, if not, I'm okay with what I have.

Yes, the price has dropped a lot now, in fact a resounding drop of more than 51% within 24 hours. I don’t know what happened. Perhaps the reason is the rise in Bitcoin or another reason, but it is good that you got 60% of your orders. Perhaps it is a new good opportunity.

The price of the GME is now very low, which is good for those who want to buy, and I expect there will be a new rise, but of course it involves a great risk, so it is better for every investor to do his own research before taking the risk.

As more and more people can feel the many choking points of the global economy - and as felt in China's economy - investors small and big would be looking for the best, solid and viable alternatives and since Chinese may have a hard time getting into Bitcoin they are now turning to gold. As pointed and suggested by Robert Kiyosaki, we need to be serious with gold, silver and Bitcoin in no particular order of preference. One article I read suggested that gold will one day be reaching $10,000 per ounce and surely the future of gold is looking good as "...the loss of confidence in traditional investment options in China, and the geopolitical factors and U.S. sanctions have contributed to this end." So what should we do? Buy gold and silver together with Bitcoin, of course. Now, where is my money?

I agree with you, your analysis is very logical. Yes, most countries in the world suffer from economic problems, the most important of which is inflation and traditional paper currencies losing their value, including the Chinese yuan, of course. Therefore, it is natural for people to turn to finding an alternative.

But as you mentioned, since China bans Bitcoin, the best option for the Chinese is to turn to gold and precious currencies, although I expect that a large portion of them buy Bitcoin secretly from the Chinese governments.

China has been one of the biggest markets for cryptocurrencies and I don't think people will give up on it easily even if the government bans it.

Quote from: yhiaali3 on May 13, 2024, 10:05:29 PM

But I don't know why the comparison here? I don't know why Visa cares about the volume of inorganic transactions on these networks? These networks are used for multiple different purposes and not for one purpose, while Visa is used for the purpose of payment only.

Have you read their blog post on https://usa.visa.com/visa-everywhere/blog/bdp/2024/04/24/making-sense-of-1713984605043.html? It's one of reason i said "Although i also feel they said that since they want to reassure that Visa remain more popular option.".

Yes, this is exactly what they are implying, and it is true in any case. Since Visa and traditional payment services enjoy great government support around the world, as they are centralized and completely subject to the conditions of governments, they will remain accepted by all governments that will seek to promote these services at the same time as they put pressure on crypto services.

Therefore, it is natural to find a large number of people turning to using Visa and similar services to avoid legal problems with governments.

For me, I do not prefer using messaging applications to send and receive crypto assets because they are somewhat dangerous, but at the same time I am not against this type of technology, especially if it meets all security standards in the future.

Whether we like it or not, messaging applications have come to dominate our lives, and integrating Crypto with these applications will have a positive impact in terms of expanding and spreading adoption, while on the negative side, fraudulent operations will increase greatly.