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Delgboke

Do you think you are save to hold Bitcoin paper money?

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There is absolutely no sense to keep cryptocurrencies like paper money, the whole idea of crypto is easy transactions around the world, what would you do with paper? And also it is already safe to keep crypto just on a cold wallet.

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some exchanges are more secure than the rest. still all have vulnerabilities and may be ability victims of hacking sports. Even Binance which claimed to be the safest changed into hacked ultimate 12 months for an quantity of 40million bucks.

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On 5/20/2020 at 2:04 PM, nayon89 said:

As it is digital currency so how can it be fiat money? As bitcoin volatile coin. So how can you print it's value as the price is changing constantly. I don't thik so there is any chance of being fiat money. Anyway thank you for your contribution.

Yes I think that you are right because digital currency is very different to fiat money because you can store your cryptocurrency like a digitalized money and I think that it will be great if people would be earning with cryptocurrency and fiat money differently 

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Bitcoin has long lasting future because we know how much btc volatility has and we earned more then any market if we knows how to made technical analysis and fundamental analysis of currencies of crypto market. So try to avoid trade with luck basis. 

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On 4/26/2020 at 12:28 AM, Kamila said:

since anyone can steal such a paper from you, and bitcoin will never have physical strength like dollars or euros. 

Another plus point is, if there is the physical version for cryptocurrency like Bitcoin, what would it be different from any sort of traditional currencies ? It is created to solve persisting problem and it helps us to have financial freedoms.


 

 

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Bitcoin's paper money are likely to be impossible because there is not any owner of the bitcoin who have right to issue that. It is always safe to hold bitcoin paper money because it is digital coins. There are many websites which are protecting our coins.

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We are not safe from theft if we do not use the famous and safe platforms and wallets and keep our personal information and certainly that the paper currencies remain more secure if they are placed in the central banks because we can chase our money if it is stolen and the cryptocurrencies cannot know who stole it

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It seems to me that this should be done! Save 10% of your salary, and invest it in cryptocurrency to get a delicious percentage, because it can contribute to excellent earnings!

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Good point raised, bitcoin is a digital currency so it has less effects and pause less infinitesimal security threat compare to fiat currency, the only thing you walk with the pin of your wallet address or exchange in order to perform basic transactions when the need arises 

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In my opinion, if Bitcoin cannot be carried like Fiat, then it is digital based.  In fact, security can be maintained if you use a secure wallet.  And Bitcoin is easy to use anywhere, because it’s digital-based, it’s easy to do.

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no i don't think this is a good idea because in the first place that deletes the idea of digital currencies and also delete the idea of being incognito when using and dealing with it

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Actually if  Bitcoin and other Crypto were like  other fiat they won't be so popular. The feature that Crypto has like decentralisation won't exist there. The main good feature of Bitcoin is also exist because of it's digital property and great versatility. So Bitcoin is good as it use to be.

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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If Bitcoin becomes a basic and daily currency in the lives of people all over the world, things will not remain as they are, of course, but stricter laws will be put in place to deal with such matters.

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I think that making crypto something physical is not actually a good idea, because then it defeats the purpose of bitcoin and in my opinion, doing so will severely cripple the crypto market and there is likely to be less crypto users. I think tat at the moment the best way to keep your crypto safe would be a hardware wallet, but physically making the currency in terms of notes or coins can prove tedious and in this sense will not show any difference to our regular fiat currency. 

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It will be good but i think then it will lose it's originality which differ it from other currencies. If it will circulate like fiat currencies among people then there will be no different between them. 

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On 12/14/2019 at 12:35 PM, Delgboke said:

There has been a numerous attack on cryptocurrency exchanges and other crypto related platforms on this,  Do you think life's is going to be save if Bitcoin is to be carried about like other fiat currency? 

I don't think replacing fiat currency with crypto currency is a good thing because using both wisely and using their different advantages is much better than replacing each on of them since those two has their own advantages and disadvantages.

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On 12/14/2019 at 11:35 AM, Delgboke said:

There has been a numerous attack on cryptocurrency exchanges and other crypto related platforms on this,  Do you think life's is going to be save if Bitcoin is to be carried about like other fiat currency? 

If you want the security of the bitcoins you store, don't store them on an exchange, store them in a trusted online wallet like myetherwallet or if you want to be more secure using the Ledger nano external wallet, I guarantee Bitcoin will be safe, so you don't have to carry it around.

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It will be safe as long we have the necessary protection and I think that it will become a need in personal safety also because if you can't protect your own self to scammer then you should stick to online cryptocurrency only because that is much safer. 

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Paper wallets are good to use. It can save us from all types of online attacks, malwares, viruses, etc. However, they are not easy to manage. We need to take a lot care of it.

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If you hold bitcoin as a paper money your life is not save. For example we start from covid-19, paper money is one the reason the carona virus cases rising. So mostly people died so life never save and then bitcoin has more value because it has a digital currency when it converts into paper money it losses its orginal value and sometimes paper money has stolen by persons and wash up so i think paper money is not good. And in. Mostly cases paper money is the reason for many people died. So it is better for all people bitcoin will be a digital currency. 


                           

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There have been numerous attacks on cryptocurrency exchanges and other crypto-related platforms in this regard, do you think Bitcoin will survive as long as it is run like other Fiat currencies?

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I don't think it will be safe to be carrying btc around because I think it is only made for online transactions or digital currency.  I think if Btc is not safe in exchanges then we should keep them in hardware wallets may it might be safe.


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I don't understand what is the point of this question? Why do you write something like that? I am new in crypto too but the difference is obvious. Bitcoin will never be printed in paper money. There is no question here and the answer is that you need to do research as all of us beginners do and find out what digital cash is and what paper cash.

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Bitcoin and also the crypto currency is the future of the world and this is the good idea that we should buy the BTC and hold that for the future becasue soon the crypto market touch the sky and that time we can withdraw it in good price.


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No its against the defination of bitcoin. Digital currencies  are non-tengible. So they cannot be printed.

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