Why pay for Bitcoin (why not directly charge for Bitcoin)
Why Pay Bitcoin Why Pay Bitcoin, Why Choose Bitcoin Many people say that you should buy and hold Bitcoin because it has a hedging function and can hedge against economic losses. But in fact, this is not your investment decision – it is Co-determination decided by the government, large enterprises and traditional financial institutions. Therefore, many times we cannot determine whether we will do this for the long term, so when you are not familiar with this issue, you do not know how to understand it If you think this is a good time to buy Bitcoin or during a bull market, then you should pay more attention to your financial situation and see if you have enough investment capacity to allocate. If you don’t have these, don’t invest all your money in coins anymore The reason why I can achieve this is that in the long run, Bitcoin is a means of storing value. But its development process is also very rapid, and it can even be said to have been criticized by people. With the development of the market, more and more people are willing to use Cryptocurrency as collateral to generate stable income
Of course, this statement is not accurate, because most users only know that the price of digital currency fluctuates too much, and it is impossible to convert legal tender into Fiat money. More importantly, we need to remember that everything carries risks, such as excessive transaction fees; Some speculators will also sell tokens (such as Bitcoin) on the platform to earn more profits; Some speculators have low returns and their assets in their wallets are safe. (This is the most intuitive reason why we should consider payment methods)
Another phenomenon worth noting is that many ordinary investors often find it difficult to accept the future of virtual currencies such as Bitcoin.
. They may feel like they have missed something ‘good’ and then spend most of their time investing. However, this also surprised many ordinary investors. In fact, some people have heard of Bitcoin as early as February this year!
In fact, although Bitcoin prices skyrocketed to over $50000 but suffered a large-scale collapse, people still firmly believe that Bitcoin will become one of the next major global inflation hedging tools and to some extent solve the debt crisis in the current macro environment.
. For those who do not want to bear all or part of the debt pressure, Bitcoin is undoubtedly a wise choice. As we mentioned at the end of 2017: “Bitcoin, like gold, has a higher position than the US dollar, and can also provide better insurance.”
Although there is a huge foam in the market at present, they can still maintain certain faith for those who want to participate in investment
Why do you want Bitcoin instead of directly asking for money?
Editor’s note: This article is from ID William 1913, authored by William Chen, and reprinted by the Daily Planet with authorization Recently, many friends have asked about the value of Bitcoin? What if you want money? The answer is US dollars and gold. But now many people say, why not just buy coins for others? There are three reasons:
1. Can this item be used to exchange for fiat currency?
? You think it’s useless if it’s too expensive, but there’s still a long way to go and you need to pay some electricity bills; 2. How could you possibly take it out and sell it I think this is a good explanation! Of course, if you want to know what “digital currency” is? Or if we understand it as a virtual asset, it is actually just a type of encrypted digital commodity issued by Bitcoin on the blockchain network, also known as a “token”. Such is the case for blockchain projects such as Ethereum. But in fact, the current price of Bitcoin is still very expensive. Therefore, the reason why people are so fond of using Bitcoin as an investment tool is also because people pay high attention to it and choose to buy these so-called high-quality tokens. For ordinary investors, “the price of Bitcoin determines whether your investment is trustworthy.” In fact, this understanding is not unreasonable, after all, most people only come from a niche circle, they do not have access to Bitcoin, and they cannot see various news reports or even buy various mainstream digital currencies every day, just because they own some well-known A well-known counterfeit coin. Bitcoin is like a casino, and anyone willing to gamble will be reaped. In real life, most people are unable to participate in this gambling game, let alone rely on traditional banking to achieve wealth liberalization. Instead, they obtain profits through the internet, making their wealth management account a component of Bitcoin accounts, and then investing the funds into Bitcoin for consumption, in order to obtain rich profits. When a person has a certain level of Bitcoin, all they need is only one or two yuan of income, leaving only the cost of time and transaction costs – this is the true way to make money. “If everyone’s effort is to pursue the return rate rather than the principal, then his operational ability will be greatly reduced, thus reducing your Assumption of risk ability.” As the saying in the previous period, “I can’t understand what Bitcoin is!” But this is a very interesting thing, because it is not easy to find such a good profit method at any time, especially with more and more people entering the industry, The development prospects of Bitcoin have become very broad. At the same time, with the continuous development and growth of Bitcoin, the Bitcoin market will gradually mature, and there are huge commercial opportunities and potential behind it. Bitcoin and stocks have a natural connection and complement each other. In 2017, Buffett publicly stated, “If you can get a little cash, you can buy Bitcoin. If you want to get enough money to buy Bitcoin, you can’t keep losing money like before. If you want more money, you must first find a company to help with a loan.” However, in June of this year, Musk announced that he would issue coins,
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