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❕NEWS The American Football Player will convert all of her salary to Bitcoin.

aryan4

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Kansas City Chiefs player Sean Culkin reported that she wants to get her full salary in Bitcoin. The sports club announced that they were aware of this and that the salary was still paid in dollars, and that the athlete would convert it to Bitcoin.
The statement made by the athlete is as follows: --- "I don't want to think," Should I buy this week? " I don't want to put my head on the work I'm doing and constantly look at the price. What matters to me is to earn it in the hardest-earned form of money. My money must be resistant to inflation, this is the best option in this period "---
What do you think about the athlete's decision?
 
Frankly, I don't like putting all my eggs in one basket. One must learn to diversify. It is nowhere written that bitcoin will continue it's crazy growth. For all you know, it might be a bubble which may burst at any time.

I am not saying, one should not invest in bitcoin/crypto for that matter. You might actually get very good returns on your investment but what if it suddenly goes downhill. Does he have a backup plan? I don't know.

So, while I will say, that one should invest in bitcoin but I will also say I am strongly against putting all my money in this for what it's worth.
 
Frankly, I don't like putting all my eggs in one basket. One must learn to diversify. It is nowhere written that bitcoin will continue it's crazy growth. For all you know, it might be a bubble which may burst at any time.

I am not saying, one should not invest in bitcoin/crypto for that matter. You might actually get very good returns on your investment but what if it suddenly goes downhill. Does he have a backup plan? I don't know.

So, while I will say, that one should invest in bitcoin but I will also say I am strongly against putting all my money in this for what it's worth.
I can easily say that my thoughts are similar to yours. I am always for risk diversification and act that way too. I think the risk should always be distributed.
 
Well , this is a good move for her and a challenge for the club that have to take the decision of either paying the rest of the team in bitcoin or saying no to her petition
 
I think she is probably right because of inflation the value of her currency would reduce in value and that's why probably she is holding bitcoin
 
It's seems like a very contradicting decision from out counterparts but i am assuming the player must be having a strong and elite team of investment consultants at her service. So it could be a well calculated and carefully taken decision. As far as I am concerned diversification of investments is the best strategy for small investors like us.
 
Well bitcoin is delfationary in nature so she's probably better off with converting her salary into bitcoin if that's what she wants or her goal in the long run
 
Well bitcoin is delfationary in nature so she's probably better off with converting her salary into bitcoin if that's what she wants or her goal in the long run
Bitcoin deflationary occurrence happens every four years , which to me is not a good deflationary coin . There are better deflationary coins put there
 
Bitcoin deflationary occurrence happens every four years , which to me is not a good deflationary coin . There are better deflationary coins put there
I'd like to add that those 4 years are only the average and could change depending on the hashrates and mining activity in the network, if there will be more hashrates in the network then it could be earlier, same with the opposite
 
I'd like to add that those 4 years are only the average and could change depending on the hashrates and mining activity in the network, if there will be more hashrates in the network then it could be earlier, same with the opposite
No , I think the four years is fixed considering that it happens automatically. There is no one controlling the Bitcoin Network
 
No , I think the four years is fixed considering that it happens automatically. There is no one controlling the Bitcoin Network
disagree at it being fixed, as the halving occurs when miners already mined a specific number of blocks, so more hashrates the faster the blocks are mined the faster the halving occurs, You can search for it and prove me wrong otherwise
 
Well bitcoin is delfationary in nature so she's probably better off with converting her salary into bitcoin if that's what she wants or her goal in the long run
The deflationary nature of bitcoin would help the price because there would be more demands ,its a bonus because she could gain more profit
 
disagree at it being fixed, as the halving occurs when miners already mined a specific number of blocks, so more hashrates the faster the blocks are mined the faster the halving occurs, You can search for it and prove me wrong otherwise
Have there been any Bitcoin halving that happened before four years interval ? I would love to know , if not what's your point of argument ?
 
Have there been any Bitcoin halving that happened before four years interval ? I would love to know , if not what's your point of argument ?
"For every 210,000 blocks that are mined, the reward for mining a block falls by half. It takes roughly four years for 210,000 blocks to be mined. Consequently, bitcoin halving usually occurs in four-year intervals. The next halving is predicted to take place in 2024."
- Corporatefinanceinstitute

This is what I meant, notice how they use the words "roughly", "usually", and "predicted". That's what I meant as the 4 year interval isn't fix and is and will be affected by bitcoin miners activity, imagine a situation where if 50% of them would stop mining then it would take more than 4 years for the halving to actually occur as it will take more time to mine the blocks
 
"For every 210,000 blocks that are mined, the reward for mining a block falls by half. It takes roughly four years for 210,000 blocks to be mined. Consequently, bitcoin halving usually occurs in four-year intervals. The next halving is predicted to take place in 2024."
- Corporatefinanceinstitute

This is what I meant, notice how they use the words "roughly", "usually", and "predicted". That's what I meant as the 4 year interval isn't fix and is and will be affected by bitcoin miners activity, imagine a situation where if 50% of them would stop mining then it would take more than 4 years for the halving to actually occur as it will take more time to mine the blocks
Ok . I get your view now . With the rate at which miners benefit from Bitcoin , I don't see the possibility of any drop in the price of bitcoin .
 

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