The biggest obstacle for most people on their way to the cryptocurrency world is that they ceas classic currencies such as EUR, USD, or even CHF thanks to coins and banknotes for something real , physical andtangible. Cryptocurrencies , on the other hand , are considered virtual or imaginary.
In the past, the money was physical because each coin contained a given amount of gold or silver, which determined its value, and the banknotes were in the past receipts that a certain amount of gold or silver was lying in the bank.
After World War II, the system worked by ising 35USD for every ounce of gold stored in the depository. Gold thus physically guaranteed and covered the value of the dollar, and other world currencies were linked to it. The advantage of this arrangement was the real impossibility of issuing new and uncovered money, which prevented it from being devalued, or inflation
This changed definitively on Friday, 13.08.1971, when US President Richard Nixon abolished this so-called standard . Yet the USD has remained the main currency of world trade, but is no longer covered by gold, but only by the confidence of those who use the USD. The newly issued coins no longer contain gold or silver, and the banknote no longer equals the gold voucher deposited in the depository. And when money is no longer covered with gold, new and new and NEW can be issued, and that will not change as long as those who use it trust that money. So if we compare currencies and cryptocurrencies, we will find that both of these systems are based on exactly the same basis. And that is the demand and belief of their users in their value.And if we look at the evolution of their value over time, we will see two completely different curves that will tell us verypreciselyabout the basics of the functioning of both of these financial systems.
*information from publicly available sources, link to articles in the resources section
The chart in the link shows how new and new uncovered money is being released into circulation in the USA. In the last 13 years alone, since 2008, according to Bloomberg, a new $6.680 trillion has been "printed." Or in the words of nearly $7,000 billion. Of these, about 3.8 bilione between March and June 2020 as government support for the US economy during the pandemic.
Globally, more than $14 trillion was "printed" in 2020, according to Bloomberg. This is through the economies of the US, the Eurozone, the UNITED Kingdom, Japan, China, and 8 other developed countries.
How does this money printing story end? Most economists are inclined to silent and gradual inflation, because inflation is actually just another kind of taxation, one that does not need to be publicly announced and can be carried out without the conscious consent of the public.
While both the world's currencies and the crown work in such a way that central banks can "print" them arbitrarily and do so, Bitcoin works quite the opposite. And that's why Bitcoin is nicknamed digital gold.
When we go back to gold and the reason why it retains value in the long run, it is because there is a limited amount of it on the planet , its remediation is becoming increasingly expensive and cannot simply be created or printed like today's money. And Bitcoin also works on these anti-inflationary principles. But unlike gold, Bitcoin has a final number of "coins" known, as well as the year when the last one is "mined."
So if we compare today's inflation money , which is printed and created more and more each year, with virtually unlimited amounts of it, then Bitcoin will be mined and mined less andless when the last Bitcoin is mined in 2140. In total, only 21 million Bitcoins will be in circulation. Between 2008 and October 2019 , 18 million Bitcoins have already been mined and the remaining 3 million will be gradually mined over the next 120 years.
While the financial crisis of 2008 and the reaction of governments around the world have caused an explosion in the printing of uncovered money, the pace of which is constantly accelerating and accelerating at a record rate in 2020, Bitcoin's source code contains an element quite the opposite, called Halving.
Halving is a process written in Bitcoin source code. Specifically, every four years, the rate of production is halved, which is the opposite of howtoday's money works. In 2009, 7200 BTC was mined daily, after half-time in 2012 it was 3600 BTC per day, from 2016 1800 BTC per day and from 11 May 2020 when the last half-hour was mined only 900 BTC per day.
With each Halving, "miners" receive only half the remuneration in the form of Bitcoins for the same "work". So how is it possible that the remediation pays off even after halving? What if gold miners mined only half the gold every four years with the same amount of work? And in the next four years for the same job, only half of that half?
"As Bitcoin becomes increasingly scarce and scarce, unlike inflationary money, the value of every ""coin"" mined increases significantly. Literally rocketing.
In 2011, BTC icncreased by 350 times, or 35,000%, in 2014 by 100 times, in 2017, when BTC became known to the wider public by 20 times and after the last halving in 2020 by 500%, or 5 times. It is the logical impact of making these ""digital coins"" rarer and rarer every year, unlike today's money. As a result, some economists call Bitcoin the anti-inflationary currency of the digital age."
*information from publicly available sources, link to articles in the resources section
Most of them fell into mania and , regardless of the potential risks of price fluctuations , began to buy bitcoin and other cryptocurrencies headlong without any strategy or plan. We all know the result. Just as money can be spent on the stock exchange without a good strategy, or by buying, for example, physical precious metals or diamonds, it can also be done on cryptocurrency speculation.
If you buy in mania, expect a quick profit and are not prepared to wait patiently for the right time to sell, the result is always similar, with a few exceptions. Therefore, even with Bitcoin, it is good to set the right strategy before purchasing it and stick to it. The long-term functional one is mostly the same. Regular purchases at both high and low prices can achieve an interesting appreciation at a reasonable level of risk. Anyone who has treated Bitcoin this way in recent years can now reap the benefits of their right decision and will very likely reap it in the future.
*information from publicly available sources, link to articles in the resources section
Bitcoin is already widely known and used by a large number of people. The biggest companies, such as Tesla, which bought Bitcoin and now ownsit, are also responding, allowing their customers to buy a car in exchange for payment at BTC, as well as Microsoft, or Apple, which plans to incorporate Bitcoin as a currency into its ecosystem. Other large and well-known firms will be added in the near future, according to economists, which will continue to give Bitcoincrediable.
This is a rarity that will logically increase in the future thanks to bitcoin's setup, which, according to leading economists, should continue to show an increase in its price in the long run. JP Morgan investment bank analysts, for example, argue that Bitcoin will be worth over $146,000 in the long run.
Rich people or businesses are actively using Bitcoin as a store of value and protection against inflation. This is clearly visible in the charts, which show that since March 2020, the number of Bitcoins downloaded from exchanges to private wallets , where they are stored, has been growing dramatically, instead of being on exchanges where they are usually intended forshort-term speculation. This, economists say, should also mean a reduction in bitcoin's volatility (price fluctuations) in the future , which was one of the main obstacles to the even broader use of Bitcoin asa store of the value of money.
*information from publicly available sources, link to articles in the resources section
According to the German Bundes bank, they have a record amount of savings in bank accounts. The problem is that the European Central Bank holds the deposit rate at a negative value of -0. 5%. And from 2021, most German commercial banks are starting to charge their clients this negative rate on deposits.
For every EUR 100,000 deposited in the bank, eur 500 of negative interest will be charged annually. The previously unimaginable has become a reality. Germany's savings are thus consumed not only by inflation, which, according to Eurostat in the Euro area, has doubled since the beginning ofthis year , but also by negative interest rates. As with other more common value storers - precious metals or diamonds, you have 3 options for owning Bitcoin. You either inherit it, buy it, or you own a mine.
Se non sei un cripto-erede, hai altre due opzioni legali. Il più veloce da acquistare è Bitcoin, per questo viene utilizzato da exchange specializzati, oggi è tutto online ed è semplice come aprire un conto in banca.
The problem with buying Bitcoin is that in the last year you can buy it practically every time only at the historically highest price, which is getting higher and higher. A lot of people have already thought that they will wait with the purchase for its price to fall and so they watch as Bitcoin which was expensive to buy in November 2020 for $15,000 suddenly costs twenty, thirty, forty thousand USD....
None of us can see into the future, but if you do not want to solve this , you want peace of mind and you are not a speculator, wouldn't it be easier for you to have a regular receipt of cryptocurrencies from mining?
*information from publicly available sources, link to articles in the resources section
Ogni giorno, un dispositivo delle dimensioni di un computer desktop "estrae" una porzione piccola o più grande di Bitcoin in base alle sue prestazioni.
È memorizzato nel tuo portafoglio di criptovalute privato, così come l'oro nel caveau.
Ad esempio, puoi farlo cambiare una volta al mese in EUR, che arriverà nella tua banca conto come forma di reddito da capitale, come sei abituato, ad esempio, per redditi da locazione o dividendi. Ognuno può organizzare esattamente secondo le proprie esigenze e piani. ...
Fonti:
Investopedia.com
Federalreserve.org
economics.bmo.com
investorjunkie.com
en.bitcoin.it
www.reuters.com
www.investopedia.com
www.cnbc.com
fortune.com
appleinsider.com
www.cnbc.com
beincrypto.com
markets.businessinsider.com
nomoretax.eu
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