Quote from: LisaH on October 30, 2021, 08:46:14 AM

Quote from: sampoerna on November 16, 2020, 05:35:59 PM

Why should prospective investors in the future be affected by this issue? Bitcoin and crypto were created because of the dissatisfaction with the bank system in this world, especially with the world bank. It is already stated clearly as the major reason of why Bitcoin was created.

The World Bank is not in the charge of any transaction related to bitcoins. They have released a statement which states that they are not supporting bitcoins for the sake of environmental and renewable resources. The basic answer to the question of whether decentralised finance can replace banks and traditional finance is a loud yes. Furthermore, decentralised blockchain-based systems can replace banks by providing quicker transactions, increased security, cheaper costs, and smart contracts. Unfortunately, bank charges a hefty amount while doing transactions but bitcoin does it at a much faster rate with minimal charges which makes it highly reliable.

You are too frivolous about the problem of replacing banks with decentralized finance. In my opinion, this is not possible in principle. Do you have at least an idea of ​​how the financial reporting of enterprises of various forms of ownership to the tax service takes place and what role do banks play in this? It is the banks as intermediaries that issue documents confirming transactions to these enterprises and they serve as the main documents for submission to the tax service and audit.
On the other hand, how can banks disappear if they are under the patronage and protection of the state, since they perform many useful functions for the state?

Quote from: Anthony Estiva on November 07, 2020, 08:42:30 AM

I just wanna know if it's wise if I will invest bitcoin in different developing countries such as the Philippines and many more. If you do have an answer, please state your thoughts and share it here. Thank you!

Hey, this is Lisa and would like to discuss your question as I am an enthusiast about the crypto world and in my opinion, cryptocurrencies have it's own set of advantages and disadvantages. The investment in crypto is quite beneficial as it rewards you fewer transaction fees and higher gain. Bitcoin is different because, unlike altcoins, Bitcoin has created a new category and therefore has a network effect. Bitcoin will continue to be different because, unlike centralized coins, it is market-driven, immutable, and non-buyable.
For a few major reasons, crypto investments can be far riskier than many other types of investments: The cryptocurrency market is notorious for its volatility. The values of digital currencies fluctuate dramatically from one day to the next. The cryptocurrency market is unregulated. Bitcoin's high liquidity makes it an excellent investment vehicle for those seeking short-term profit. Because of their great market demand, digital currencies may potentially be a long-term investment and reduce inflation.

For as long as there will be good number of people who are listening to anything that Mr. Elon Musk will say then he will surely continue using his Twitter account to churn anything that he wish to. I am considering him one of the most important influential figure in the world of cryptocurrency and his words can have a weight where a project that he talked can be going...up or down. One thing we have to learn with the cryptocurrency market is that it ahs evolved to be a freckled-minded one...which direction can be so hard to guess even by experts.