Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: yousufatik on September 28, 2018, 11:18:36 PM
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Hold On for Dear Life = Bitcoin's strategy to hold by moving a number of assets into a Bitcoin wallet - to stay safe until it's decided to use it or sell it.
Investors who put their money in digital currencies like Bitcoin must be patient to face the fact that the latest trends show a decline in cryptocurrency values. Even so, this does not necessarily make Bitcoin owners panic and rashly release all of its assets in digital currency.
Increasing and decreasing markets are reasonable because they prove that the market has many fans and the market is very active. Some people cannot tolerate the rise and fall of the value of Bitcoin. "If it makes you see the roof at night for no reason, it's better not to have it at all." that's what I think.
Undeniably, digital currency is the future. You have to prepare it for years, we have seen how much the initial price of Bitcoin was launched, until now.
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Yes, I believe that bitcoin is digital gold. And how not cool, the future for the digital world. Just as everyone thought that watching movies on the Internet is fantastic or opening online stores in general. ;)
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Although many consider bitcoin digital gold, but in practice it does not have the properties of digital gold. Bitcoin and gold are completely opposite concepts. They practically have very little in common. Both are used as a measure of value and as a means of accumulating value. Due to the fact that bitcoin is primarily used as a means of accumulating value, it is considered digital gold. However, gold is stable in price, and digital gold bitcoin may simply disappear in a few hours or days, when it falls sharply in its price. So, many bought bitcoin when it cost about $ 20,000, where is their digital gold bitcoin now?
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Many people pretend bitcoin as gold or asset or currency but people should know that bitcoin is actually just a digital currency, it has not intrinsic value like gold. Bitcoin characteristics is closely the same as gild but this can't make Bitcoin has intrinsic value. But still bitcoin is better that fiat money.
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Bitcoin is digital gold because bitcoin has the same characteristics as gold. Bitcoin has value even though it is broken down to the smallest unit. But Bitcoin is gold that is one level better because bitcoin is easily moved anywhere.
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Bitcoin is used as digital gold today. It's a de-risk asset. Basically if someone wants to outlay systematic risk, then one would go to access gold or digital gold (bitcoin),”