The impact of crypto on our lives

[pieppiep]

It is my opinion that mental issues are always present in the crypto space. Moreover its future is very uncertain because from here you can suddenly become rich and suddenly become poor. A friend of mine has made a lot of profit through crypto investing and will soon take a break from his job and work in crypto. It is true that he has had good success from crypto. On the other hand some of people are not willing to invest in crypto so now that they have suffered losses from crypto because they understand that crypto is heavily associated with risk. So whenever it comes to investment then there will be risk, profit and loss.

If we see people who easily become rich and become poor then we have to pay attention to what trading method they use, because so far changing fate using traditional trading methods takes quite a long time. Meanwhile, for a fast time, use the future trading method. and that's very risky. We can see from the first time Bitcoin was created until now how much profit has been obtained and how many years has it taken to carry out this process? Understand the risks that exist in Cryptocurrency to decide what steps we want to take.

[JISAN]

How are your emotions and mood in this crypto market? Do you expect crypto to be an opportunity to change your life? Or do you look forward to more practical benefits of blockchain technology for the world?

As a Bitcoiner, I can see potentials with Bitcoin and of course it has been part of my life since 2016 or earlier than that when I first came into it. Crypto offers a lot of opportunity to  me ever since I was in this industry. Well, as technological advancement rolls into a much more futuristic approach benefits are on it's path ready be embraced by us enthusiasts and the world that care about it.

I have been with crypto since 2017 especially with bitcoin and have sold many bitcoins so far.  When the price of Bitcoin was low, I thought it was a good future, but I never held them with confidence. But now when I remember them, I feel very regretful and emotional. Bitcoin has already gained a lot of value now.  So now it is impossible for us to buy whole 1 bitcoin. Bitcoin will play a major role as a payment method in the future when paper money is completely gone from the world. then we will regret it even more

[doc]

How are your emotions and mood in this crypto market? Do you expect crypto to be an opportunity to change your life? Or do you look forward to more practical benefits of blockchain technology for the world?

As a Bitcoiner, I can see potentials with Bitcoin and of course it has been part of my life since 2016 or earlier than that when I first came into it. Crypto offers a lot of opportunity to  me ever since I was in this industry. Well, as technological advancement rolls into a much more futuristic approach benefits are on it's path ready be embraced by us enthusiasts and the world that care about it.

I have been with crypto since 2017 especially with bitcoin and have sold many bitcoins so far.  When the price of Bitcoin was low, I thought it was a good future, but I never held them with confidence. But now when I remember them, I feel very regretful and emotional. Bitcoin has already gained a lot of value now.  So now it is impossible for us to buy whole 1 bitcoin. Bitcoin will play a major role as a payment method in the future when paper money is completely gone from the world. then we will regret it even more

I also hope that Bitcoin will be a payment method in the future, but will that really happen? because the government in our country will definitely not allow that to happen, they will protect their FIAT from being replaced by bitcoin. Bitcoin has become expensive now, existing administrators did not have bitcoin in the past when bitcoin was launched, we are not the only ones who regret it.

[MUGNIA]

How are your emotions and mood in this crypto market? Do you expect crypto to be an opportunity to change your life? Or do you look forward to more practical benefits of blockchain technology for the world?

As a Bitcoiner, I can see potentials with Bitcoin and of course it has been part of my life since 2016 or earlier than that when I first came into it. Crypto offers a lot of opportunity to  me ever since I was in this industry. Well, as technological advancement rolls into a much more futuristic approach benefits are on it's path ready be embraced by us enthusiasts and the world that care about it.

I have been with crypto since 2017 especially with bitcoin and have sold many bitcoins so far.  When the price of Bitcoin was low, I thought it was a good future, but I never held them with confidence. But now when I remember them, I feel very regretful and emotional. Bitcoin has already gained a lot of value now.  So now it is impossible for us to buy whole 1 bitcoin. Bitcoin will play a major role as a payment method in the future when paper money is completely gone from the world. then we will regret it even more

I also hope that Bitcoin will be a payment method in the future, but will that really happen? because the government in our country will definitely not allow that to happen, they will protect their FIAT from being replaced by bitcoin. Bitcoin has become expensive now, existing administrators did not have bitcoin in the past when bitcoin was launched, we are not the only ones who regret it.

There will be a lot of hope for crypto to be used as a payment method, but we have to bury in that desire the government will not legalize it because as they say FIAT cannot be replaced by anything because Fiat is a characteristic of each country's currency,

[alltalk]

I also hope that Bitcoin will be a payment method in the future, but will that really happen? because the government in our country will definitely not allow that to happen, they will protect their FIAT from being replaced by bitcoin. Bitcoin has become expensive now, existing administrators did not have bitcoin in the past when bitcoin was launched, we are not the only ones who regret it.

In my country, it is difficult to make Bitcoin be a payment tool. Our laws only allow Rupiah as the legal currency. Even dollars can't be the payment tool in my country, it should be changed into Rupiah. However, it is not so difficult to change Bitcoin into Rupiah because there are some local exchanges in my country. I think it is no problem if Bitcoin can't be a payment tool in certain countries, it is okay as long as it can be a payment tool in a global scope. I also won't spend much my Bitcoin even if it is allowed to be a payment tool in my country. I will prefer to hold it as investment. 

[yohananaomi]

I also hope that Bitcoin will be a payment method in the future, but will that really happen? because the government in our country will definitely not allow that to happen, they will protect their FIAT from being replaced by bitcoin. Bitcoin has become expensive now, existing administrators did not have bitcoin in the past when bitcoin was launched, we are not the only ones who regret it.

There will be a lot of hope for crypto to be used as a payment method, but we have to bury in that desire the government will not legalize it because as they say FIAT cannot be replaced by anything because Fiat is a characteristic of each country's currency,

With technological developments and it is no longer a secret, it is no wonder that crypto acceptance is becoming more enthusiastic all the time, so that more and more countries are able to accept crypto for trading, even though there are still many that do not allow it to be used as a recognized means of payment.
Maybe I can accept what you say, fiat will still be the main characteristic for every country to be able to use it, and it is not easy for crypto to be able to replace it because of its uncontrollable nature. What is possible is assistance only, recognized as a means of payment but not replacing fiat itself.

[MrSpasybo]

In my country, it is difficult to make Bitcoin be a payment tool. Our laws only allow Rupiah as the legal currency. Even dollars can't be the payment tool in my country, it should be changed into Rupiah. However, it is not so difficult to change Bitcoin into Rupiah because there are some local exchanges in my country. I think it is no problem if Bitcoin can't be a payment tool in certain countries, it is okay as long as it can be a payment tool in a global scope. I also won't spend much my Bitcoin even if it is allowed to be a payment tool in my country. I will prefer to hold it as investment. 

Yeah, in my country, BTC is also only considered an asset, an investment, not a legal tender, either directly or indirectly through fiat. The government will do everything to protect fiat. Buying and selling assets with gold was very popular in the past but is also not considered legal at present, the same is true for BTC even though BTC has a huge value and adoption.

A famous university once experimented with accepting tuition fees in BTC but had to quickly stop due to legal allegations. Retail investors don't want to get into such trouble so we can only consider BTC as Digital Gold or Gold 2.0 for accumulation and investment.

[Jamal Aezaz]

There will be a lot of hope for crypto to be used as a payment method, but we have to bury in that desire the government will not legalize it because as they say FIAT cannot be replaced by anything because Fiat is a characteristic of each country's currency,

It is not necessary that if fiat is replaced by crypto then it will be used as a payment method but there should be a choice of using fiat or crypto as a payment because we cannot replace fiat due to its wide use cases and acceptability throughout the world.

Maybe a time will come when there will be a permission to use crypto as a payment method and we will be able to buy materials through the use of crypto but now it is just used as an investment method but later due to more development it will become more successful.

[yohananaomi]

There will be a lot of hope for crypto to be used as a payment method, but we have to bury in that desire the government will not legalize it because as they say FIAT cannot be replaced by anything because Fiat is a characteristic of each country's currency,

It is not necessary that if fiat is replaced by crypto then it will be used as a payment method but there should be a choice of using fiat or crypto as a payment because we cannot replace fiat due to its wide use cases and acceptability throughout the world.

Maybe a time will come when there will be a permission to use crypto as a payment method and we will be able to buy materials through the use of crypto but now it is just used as an investment method but later due to more development it will become more successful.

It also makes sense for the uses to be combined into one and cover each other's needs, but there is still the obstacle that many countries do not allow crypto as a legal means of payment. This will be difficult to do even though the intention is good.
There are countries that may provide freedom for transactions using crypto to buy all the necessities needed, but there are still many that are only used for trading and investment and do not admit to being able to replace their fiat, because regulations may be difficult to implement.

[doc]

There will be a lot of hope for crypto to be used as a payment method, but we have to bury in that desire the government will not legalize it because as they say FIAT cannot be replaced by anything because Fiat is a characteristic of each country's currency,

It is not necessary that if fiat is replaced by crypto then it will be used as a payment method but there should be a choice of using fiat or crypto as a payment because we cannot replace fiat due to its wide use cases and acceptability throughout the world.

Maybe a time will come when there will be a permission to use crypto as a payment method and we will be able to buy materials through the use of crypto but now it is just used as an investment method but later due to more development it will become more successful.

It also makes sense for the uses to be combined into one and cover each other's needs, but there is still the obstacle that many countries do not allow crypto as a legal means of payment. This will be difficult to do even though the intention is good.
There are countries that may provide freedom for transactions using crypto to buy all the necessities needed, but there are still many that are only used for trading and investment and do not admit to being able to replace their fiat, because regulations may be difficult to implement.

I think this all takes time, countries that have allowed crypto as a payment method, they are already convinced that crypto is the technology of the future. And for governments that do not yet allow crypto as a payment method, they may still be studying and designing legal regulations that regulate this.

[yohananaomi]

It also makes sense for the uses to be combined into one and cover each other's needs, but there is still the obstacle that many countries do not allow crypto as a legal means of payment. This will be difficult to do even though the intention is good.
There are countries that may provide freedom for transactions using crypto to buy all the necessities needed, but there are still many that are only used for trading and investment and do not admit to being able to replace their fiat, because regulations may be difficult to implement.

I think this all takes time, countries that have allowed crypto as a payment method, they are already convinced that crypto is the technology of the future. And for governments that do not yet allow crypto as a payment method, they may still be studying and designing legal regulations that regulate this.

Every country definitely needs regulations first before accepting crypto as a recognized payment method, because it's not easy to get used to accepting crypto as payment because the price changes so quickly.
However, everyone will adapt to renewable technology, but they must also prepare the rules so that they don't cause problems later.

[summonerrk]

There will be a lot of hope for crypto to be used as a payment method, but we have to bury in that desire the government will not legalize it because as they say FIAT cannot be replaced by anything because Fiat is a characteristic of each country's currency,

It is not necessary that if fiat is replaced by crypto then it will be used as a payment method but there should be a choice of using fiat or crypto as a payment because we cannot replace fiat due to its wide use cases and acceptability throughout the world.

Maybe a time will come when there will be a permission to use crypto as a payment method and we will be able to buy materials through the use of crypto but now it is just used as an investment method but later due to more development it will become more successful.

The main thing is that when bitcoin completely replaces fiat, many intermediaries who change yuitcoin to fiat and vice versa will disappear. Fiat will simply disappear, with its endless emission and constant monitoring by banks and states. Unfortunately, such a pleasant future is still far away, even if several states have accepted the legalization of bitcoin. It seems to me that we have to wait for decades before this joyful moment.

[MrSpasybo]

The main thing is that when bitcoin completely replaces fiat, many intermediaries who change yuitcoin to fiat and vice versa will disappear. Fiat will simply disappear, with its endless emission and constant monitoring by banks and states. Unfortunately, such a pleasant future is still far away, even if several states have accepted the legalization of bitcoin. It seems to me that we have to wait for decades before this joyful moment.

I am a BTC supporter but I am really confused when predicting a future without fiat where everyone only uses BTC as the official means of payment through the Lightning Network. If this happens, people will learn to price everything in satoshi, and governments will no longer be able to print money to manage and operate the economy.

I think of another scenario: BTC will become a global reserve asset, or a peg for fiat. This means that fiat will still exist but will be limited by the BTC reserves of countries. At that time, maybe 1 BTC could have reached $1M or even higher.

[dekafee79]

The main thing is that when bitcoin completely replaces fiat, many intermediaries who change yuitcoin to fiat and vice versa will disappear. Fiat will simply disappear, with its endless emission and constant monitoring by banks and states. Unfortunately, such a pleasant future is still far away, even if several states have accepted the legalization of bitcoin. It seems to me that we have to wait for decades before this joyful moment.

I am a BTC supporter but I am really confused when predicting a future without fiat where everyone only uses BTC as the official means of payment through the Lightning Network. If this happens, people will learn to price everything in satoshi, and governments will no longer be able to print money to manage and operate the economy.

I think of another scenario: BTC will become a global reserve asset, or a peg for fiat. This means that fiat will still exist but will be limited by the BTC reserves of countries. At that time, maybe 1 BTC could have reached $1M or even higher.

As I think, FIAT will always be there in the future, crypto is just a support. We are fellow bitcoin supporters but there is nothing that makes us confident, that bitcoin will replace FIAT in the future.
Maybe we will see the popularity of crypto will be bigger and better in the future, but I don't think crypto will ever replace FIAT.

[yohananaomi]

The main thing is that when bitcoin completely replaces fiat, many intermediaries who change yuitcoin to fiat and vice versa will disappear. Fiat will simply disappear, with its endless emission and constant monitoring by banks and states. Unfortunately, such a pleasant future is still far away, even if several states have accepted the legalization of bitcoin. It seems to me that we have to wait for decades before this joyful moment.

I am a BTC supporter but I am really confused when predicting a future without fiat where everyone only uses BTC as the official means of payment through the Lightning Network. If this happens, people will learn to price everything in satoshi, and governments will no longer be able to print money to manage and operate the economy.

I think of another scenario: BTC will become a global reserve asset, or a peg for fiat. This means that fiat will still exist but will be limited by the BTC reserves of countries. At that time, maybe 1 BTC could have reached $1M or even higher.

As I think, FIAT will always be there in the future, crypto is just a support. We are fellow bitcoin supporters but there is nothing that makes us confident, that bitcoin will replace FIAT in the future.
Maybe we will see the popularity of crypto will be bigger and better in the future, but I don't think crypto will ever replace FIAT.

As long as there are traditional markets that still need Fiat, it will be difficult to replace it, but I agree that Bitcoin will only be a companion.
Even though bitcoin has been recognized and used as a legal means of payment, it will not be easy to replace fiat for all existing transactions.
Moreover, currently there are still many countries that are not fully willing to accept Bitcoin; it is only recognized as an investment or only for trading.
True, Bitcoin is becoming more well known but cannot completely replace the use of fiat.