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Messages - Guygerdo

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Bitcoin Forum / Re: Is it necessary for a country to approve Bitcoin?

« on: July 29, 2018, 11:48:18 PM »

Yes, it is very necessary for a country to approve the bitcoin,in order to make all transaction legal and according to the rules of the country ,so that those bad speculation about digital currency thats can used in some illegal activities like money laundering would been pip and to prove that crypto is for the good of economy and not to destroy the economic growth,and by making it regulated maybe the investor would grow.

Bitcoin Forum / Re: Why bitcoin is the safest crypto?

« on: July 29, 2018, 11:41:29 PM »

This is because the bitcoin blockchain was the first that came into the system and it does not allow to create other coins under it, unlike ether rum and the crypto.
It is more popular and more valuable.
In addition to all the advantages, Bitcoin has, I believe, the biggest plus is that it is decentralized and completely transparent due to the recording of all transactions on the blockchain with the ability to view them all from 2009 onwards. What gives us decentralization? Full control over their funds without the possibility to block our funds or cancel the transaction by third parties. You and only you dispose of your funds and you do not have to worry about limits on the amount of transfer, high commissions, the speed of the transaction and that someone can freeze your account.

Bitcoin Forum / Re: Will banks ever offer bitcoin deposits?

« on: July 29, 2018, 11:27:12 PM »

I think the banks will offer but it wouldn't be soon. In the sense that, bitcoin and the banks are now competitors in the business sector. The more partners you have,the more your business grows. Here is the case a lot of people are now rushing into bitcoin meaning their transactions are not going to be through banks anymore. At this point when the banks realise they are losing, they will start to find ways and means to partnership and offer the bitcoin deposit. That is if that partnership is going to make them gain or if they see it profitable.

Bitcoin Forum / Re: Should i invest in Bitcoin before any other coin?

« on: July 29, 2018, 10:55:39 PM »

Yes. This is because bitcoin has gain root over all the other currencies and it is acceptable in almost every country. It is tried and tested, aside its increasing value over the other coins.

Bitcoin Forum / Re: Bitcoin or Property or Gold? What might be the best investment?

« on: July 29, 2018, 10:37:22 PM »

I’ll choose bitcoin over gold. The reason being that, bitcoin is a fast growing currency of our days. The rate and value of bitcoin keeps on increasing irrespective of it frequent flauntion, the rate of bitcoin in 2016 is obviously not the same in 2018, the value has drastically increased. The value of Precious stone(Gold) doesn’t rise,(if only it does)as quickly as bitcoin.

Bitcoin Forum / Re: What factors scare others from investing into bitcoin?

« on: July 29, 2018, 10:17:28 PM »

I think what really scare people from investing in bitcoin is the fact that, probably they might have been scammed before or they might have heard people being scammed. No body would like to loose so therefore, venturing into bitcoin business becomes a difficult thing to do.
Secondly, some people have a different perspective about online investments. That notion, which perhaps is a negative one also scare them from investing in bitcoin.

Bitcoin Forum / Re: Holding Bitcoin for long-term is risky?

« on: July 29, 2018, 06:46:17 PM »

Holding bitcoins for a longer period of time is not risky, the currency won’t vanish if you don’t do any investments with it, except that you wouldn’t get any profits from it. It would be very profitable if you decide to trade or use it for a long term investments. That’s what I think.