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Messages - WButler89

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Bitcoin Forum / Re: Your Opinion about El Salvador Bitcoin adoption
« on: January 05, 2022, 02:51:46 PM »
Salvador has problems with the spread of the Internet zone, which will make it difficult to access digital currency. Most locals don't even have a bank account, and the average income reaches a maximum of $ 100 per month. Therefore, it is impossible to say for sure whether Bitcoin will be popular among the local population, with its current cost of more than 50 thousand dollars ...

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The problem with Bitcoin is that it exists exclusively in digital form. Paper dollars can be withdrawn from an ATM and paid for goods and services in places where contactless payment is impossible, and there are still plenty of such places not only in El Salvador, but even in Europe. Another problem is that digital currency is not backed by anything and is only a speculative instrument. It can be worth one dollar a coin and you can't do anything with it.

3
Bitcoin Forum / Re: COVID-19 Increased Bitcoin Adoption
« on: January 05, 2022, 01:50:25 PM »
The rise in the price of bitcoin during the pandemic was influenced not only by the total increase in online payments, but also by the inflation of the dollar, after the FRS printed a large amount of dollars for various social benefits.

4
Ethereum Forum / Re: Eth 2.0 could be a game changer
« on: January 05, 2022, 01:10:45 PM »
Maybe Ethereum not yet adopted as payment method, but it has a huge impact on the pricing of gadgets.
Payback periods for most NVIDIA models have exceeded 20 months, and RTX 3000 cards without LHR under current conditions will return on investment for more than 22 months. The AMD Radeon RX 5000/6000 graphics cards perform slightly better, which will return on investment in 19 months. However, due to the plans of the Ethereum Foundation, miners will not have so much time to return their investments, because the transition to Ethereum 2.0 may happen in the next 4-6 months. All this makes the purchase of new farms an extremely hopeless activity and can positively affect the prices and availability of graphics adapters in 2022.

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Bitcoin Forum / Re: Will Bitcoin replace Gold someday?
« on: January 05, 2022, 01:04:04 PM »
Bitcoin, like gold, is a limited resource. The world's physical gold market is valued at $ 2.6 trillion today, including assets held in gold ETFs, according to JPMorgan research. Of course, the cryptocurrency sector is dozens of times smaller, but bitcoin also has a limited supply of coins, which makes it as scarce as the precious metal. Therefore, both gold and bitcoin can be used to store savings from inflation. For example, companies like MicroStrategy and Mode have already invested some of their profits in bitcoin. Business representatives see cryptocurrencies as an alternative way to protect assets from dollar inflation.

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Forum related / Re: Hi, introduce yourself
« on: January 05, 2022, 12:49:05 PM »
Hello there! My name is William, I am currently studying graphic design for my own website and I am interested in details of how to make profit from bitcoin and other crypto. I found this site by accident but hope to stay here for a long time and make new friends. Good luck!

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