Bitcoin Forum

It was fun between I and a friend that we have not met for long now but has though keep active on communications.
So this friend is actually a trader who deals on physical commodities and I am proudly a bitcoin Investor.
So while we finally met today having some good times, Oh damn!!! It was fun when it was likely that we turned it up to a debate of defending our source of income.

It goes this way:

Him: Real time trading as it maybe popularly be known as physical trading has varieties sectors by which traders can engage on and make profits on diversifications of expanding source of incomes, it exposes traders to be familiar with lot of jurisdictions that may create quick highly profits in a very short term.
At some certain level, you can determine the future outcome of the market which traders can be possible to be avoided but though it does not mean we the real time treaders doesn't account looses.

Me: Bitcoin is a digital assets which could give Investors the flexibility allowances how by, you do not need those interpersonal marketing strategies before you can stand a chance to make profit like the physical traders.
Bitcoin has the potentialities to be beneficial for long term goals and investors can always set up their investment goals and as much diversify their investment portfolios characterizing of achieving a goal.
It doesn't require all that muscular energies such as the walkabouts and the stresses on mental strategies of drafting curve ways due to hedges potentials of economy downtimes which can as well be characterized on age fitness or age restrictions which apparently investing on Bitcoin is not based on all that.
Most interesting advantage of bitcoin over the real time treaders is that it posses the capacity to mitigate its Investors from global economy inflations and suppress the volatility of the fiats when the economy condition goes south.

His summary: Economy condition affects realtime traders as inflations but though traders can as much take advantage over the economy condition and deliberates on personally increasing the value of their goods.

Mine: Bitcoin encounters volatility as market condition but it's not worth panicking because the facilitations movement of bitcoin values requires the volatile potentials to drive the transformations of the downtimes to the uptimes.

I literally asked him what he think about being a full custodian to his source of income and what he think about his assets privacies?
He took a deep breath and say he would have love it better if the real time traders could take self custodial of their trading firms. He also said that the government would always keep eyes on the commerical sectors conditioning the treaders. I smiled when he said the government's regulations in some points makes it difficult for them with their sentiments of running a monopoly economy system.
It was like I have heard too much of his crying out loud over the governments policies.
Then I told be him that bitcoin is out of that era where the government make those authoritative policies for selfish interests. So, bitcoin as a non custodial digital investment network has its investors and everyone else associated with bitcoin the privileges to keep privacies with their portfolios and takes absolutely self control of their assets to trade and transacts on a non custodial person to person (P2P) without those government regulations such as the exercises  with the fiats transaction.

So dear fellas, defend your Bitcoin investment if you were me!

Trading relates to time, for entry and exit, so whenever you trade, it's real time trading.

What is physical trading?
Nowadays, we are doing digital trading online, through website-based platforms.

Inflation affect purchasing power of fiat currency and affect all of us. Investors, traders or none of them, we are all affected by inflation. To fight against inflation and decrease of purchasing power of fiat currency, we need to find good asset to invest in, like Bitcoin. Trading is risky and it not as good as investment.

Your life will be more easier and comfortable if you don't defend anything. People have their own thinkings and if they disagree with you, let them be with their opposite thinking. You only need to be yourself, learn and improve yourself.

To be honest, we don't have to debate and defend about what we knows. If we really knows the truth, we can tells what we knows without debate with those people who talks with us. We have our knowledge and perhaps that will different than what other people had. We don't have to argue or debate with them because that can makes our relationship disturb and the worst we can lose our relationships. Trading and investment is different and people who knows about trading and investment will have their opinion and we can't force our opinion to them. If they can accept our opinion, that's good. But if not, we can just lets them like that with their opinion.

I don't need to convince anyone through debate that bitcoin is the future digital gold. Debates means that the know the truth but choose to come up with reasons to oppose the topic which makes it not look cool to me because no one will accept the major points of the other. Bitcoin is on people's lips on the street, TV, internet especially now that the halving is over.

Your friend is a trader that trades on goods not cryptocurrency or assets so he is supposed to be familiar with bitcoin but if due to ignorant, he should listen to you and invest some of his profit in bitcoin so that he can be sure that he has an investment that is an hedge to inflation instead or debating. Didn't you tell him that he can continue with his trading and only invest little profit from his trading in bitcoin. Maybe that would have made him understand better than bragging about what you guys are into.

how do you handle Bitcoin's volatility on a day-to-day basis? And what are your thoughts on the security of digital assets compared to physical commodities?

100% agree with this. Dale Carnegie famously said No one wins an argument. Nine times out of ten, an argument ends with each of the contestants more firmly convinced than ever that he is absolutely right. OP do not need to “defend” Bitcoin, your argument did nothing to help the bitcoin community, your friend did not learn anything about Bitcoin from the debate instead he has found more reason to be against it.

In my own estimation I think that it is good to engage in a healthy discussion about Bitcoin once in a while. The reason for this is that we may have the conception that a lot of people know what bitcoin is- like bitcoin being the digital goal however, they may not really have the core understanding of the merits of Bitcoin. And I personally believe that if people can understand bitcoin more, they will get to appreciate it better than they do.

Whenever I talk about Bitcoin with non-bitcoiner, one of the things I never fail to emphasize is that anyone with access to the internet can start investing in Bitcoin no matter how small their capital. This in itself is what gives Bitcoin a huge advantage over physical and other types of investment or trading.

How do you even achieve full custody over your funds if you're a trader? You can do it through DEXs(almost impossible if you trade equities and not crypto) if your AUM isn't that large hence you don't need the huge liquidity that centralized exchanges have.

Self-custody is mostly for holders, not necessarily active traders.

Investing in bitcoin as an asset is a great investment for the future, however you need a job or another means of income to support yourself while you are hodling. You also need money to buy more bitcoins and increase your portfolio, you can’t do that without a job or business. And I think this is where investing in bitcoin as an only means of income is flawed, you are likely to sell in bearish markets just to take care of your personal needs. A business with steady cash flow is more sustainable than someone who depends on bitcoin as his only source of income. 

By definition traders and investors are completely different, when was P2P trading profitable? you will end up paying high amount fees for every transactions you made, the rate sometime lower than the market and lack of liquidity.

Traders can self custody if they're rich in the first place, so they can hold most of their coins in wallet and use some % of their funds for trading, where the profit far more than enough for their monthly needs.

Probably like you buy banana in village and then you sell the Banana in city. :P

I don't know what physical trading is, is it like people trading physical commodities? or how? because as far as I know, most traders trade online. However, from your discussion, I can see how Bitcoin is better in some ways, but you also need to understand that Bitcoin is not completely "having the upper hand" as you say, because Bitcoin also has various shortcomings which make it very volatile. at some time. So even though we need to emphasize that Bitcoin is a good instrument to trade, we must also be able to see its shortcomings because it is not as perfect as it seems.

I bet the OP that he has succeeded in making his friends hate bitcoin more. That's right, trying to win an argument never produces good results and is not something to be proud of. Because in addition to the relationship between the two sides being damaged, it is inevitable that the other side will hate bitcoin even more.

Life is colorful, I don't understand why many people always want to prove that they are right and others are wrong when there are people who do not have the same thoughts as them. Arguing is not the way to make bitcoin more popular and make people have a more friendly view of it, but many bitcoin investors are doing this to people who don't know about bitcoin.

Did your friend and yourself actually had a formal debate? Were you guys actually talking like how you typed it here or no? Lol anyway. I do agree with you. Most people only do not like bitcoin because they have a wrong perception of it.

If we were to explain carefully and tell them both advantages and disadvantages of bitcoin, I am sure they will understand how it works and would even want to invest right after.

The physical trader understand the day-to-day transaction of goods and services and they know how to navigate the market whenever there's an inflation, physical trader's have a chain of trade that they follow, the wholesaler buys his product from the warehouse which is the producer, the wholesaler then sell to retailers, who then sells it to the end user,  so whenever there's inflation they usually adjust the prices to suitable amount so as to make gain. Some of them have been doing this and the master this craft for years to come and they made gain, however government interference will always come into play because they wouldn't want a situation whereby traders will not be checkmated on the activities.

Bitcoin is a different environment from those kind of traders, bitcoin is decentralized, it doesn't have government control, unlike your conventional trader that sells goods on a day-to-day routine and get their gain almost immediately, bitcoin requires long-time plan and a whole lot of knowledge for you to start making profit. Between the two distinctive competitors, I think they have their own advantage and disadvantage, you just need to choose the one that best suits you.

I think I will agree with both of you in some way but opinion of your friend is more important and worthy to discuss.

The economist say that economy effects all the things that happen in this world and I agree with them completely. If economy is not going well than all the things will be disturbed the prices will be high and inflation will start to rule the world. Crypto is also linked with economic conditions. The volatility of crypto can be justified with the volatile economy only.

You don’t have to quote the entire OP if you’re not responding to a specific part of the post. It clogs the thread, only quote the important points you want to reply. The same goes for @God bless u… you both are not newbies but I think you guys will have to read this thread: [TIPS] to avoid pyramid quotes (for Newbies) (https://bitcointalk.org/index.php?topic=3749076.0)

I don't have to depend bitcoin investment because I have been depending this for the last 7 years of my life and its been proven to be worthy comparing to  real time trading.
or maybe I am being bias because I am not trading in real time but in the end? it is our expertise that will give us depending on our way of profiting , some are in real time while we are here in long term or semi long term investment.

You're right and if I stand before the Op, I'd propose on differentiating Centralization from Decentralization and then, I'll ask the trader what remark about he/she has for independency and privacy.
I believe everyone wishes to be in-charge of their firms without such which the governments has always been the regulators and decision makers.

It's awful that even the private sectors doesn't enjoy maximum self control of their firms but bitcoin has come a distance to break that historical records with its motive and capacity of being a non custodial and self control digital currency with the potential of making profits and also how it can confront economical inflations.
To me traders are limited and conditionally governed by some entities like the governments deprivations.

I have read all of your replies on this thread, and while I do not expect any of you to dance to my tunes, so I would take it all to be your opinions as per view on how you understood the context between me and a friends discussion.

Any, like I said, it was a discussion of fun and was not so serious that we had to convince one another in defendant that either me or him has the best enterprise of generating incomes.

The discussion coincidentally came up without the intention of one gaining a rewards just after we were both concerned about our welfares and source of incomes because it has been a very long time we met facially.
It was just a friendly discussion which turned out to be "Tell me what you are into all these while".

Foremost let it be known that success can come out of meeting new opportunities so I don't even see it bad trying to defend Bitcoin just as him also defending his real time trading firms. I can pick interest to diversify my source of income to him and so likely he can as well pick interest to diversify his source of income to Bitcoin. Something must always have to linger for a different dimension to occur in life.

I will keep ris thread update as time goes if I will finally diversify my income to his or he is coming to invest on Bitcoin.
So I do not welcome those he misquotes the concept that the discussion was for me to convince him to invest on Bitcoin.
However, it was a nice argument with lot tips of fun out of the moment.

You should avoided the word trader or at least in the title that kind of confused some at least.

I get what happened and it happened to me as well, there is nothing wrong and you both can be right too and this is what will give chances to explore beyond your comfort zone be it crypto investment, or trading commodities or whatever that we do to make money.

Exactly lol.

Some investors should also stop with unsolicited investment advices, in my opinion. You are not really making anyone any favors if you do that. We have all different ways of achieving profit and I don’t think one method is better than the other as long as it is giving you the profit you want then that should be the best method. You do not have to convince anyone about what you’re doing as long as it’s working for you.

IMHO, it doesnt really need to be defended because if someone do make out that kind of research or trying to in-depth digging about information about it, then they would really be definitely
be able to realize that this is something which is really revolutionary if we do speak about payment system on which there's no intermediary or mediator when it comes on transactions
on which this one alone then it would really be a solid thing and whats the best thingabout it that it is really something that not beeing controlled by the government.
Its not really that needed up to make out some debates into those people who arent that get used to know about Bitcoin or crypto as a whole, itis really just that fun specially having some small
debates specially with your friend whose really that getting used to deal with those centralized commodities or stocks or whatever market that he/she's been dealing with.

Pretty sure that time comes that he might really be that considering on touching up crypto space on the moment that it would really be sparking up its interest on the moment that
he had been able to hear out something on what you are dealing with, but of course it cant be avoided that there would really be some hesitance due to lack of knowledge but
on the moment that you are starting to understand things up then everything changes for sure.

That's very true, if you're getting profit from one thing then you don't really have to convince others that how profitable that thing is. Let's say if you're making profits as a crypto trader then you should not convince or have arguments with the ones who think that it's not possible to earn money as a crypto trader.

It's great if you talk with someone who understands you but talking with the ones who don't believe in the things is just waste of your precious time and energy. In similar way, it's not good to talk about Bitcoin in gathering of skeptics who are highly against it and who consider it a scam or Ponzi scheme. It's just waste of time and energy, nothing else.

I don't know what it means my physical trading when we already use an online app and online transactions. But I believe it is all about trading, you and your friend just have to use different assets but in general, the approach is quite the same --you both still selling and buying. I don't think there is a need to debate the fact that we choose the job we think suits us. There is no need to think and show who is better, at least we are comfortable doing this.
We don't need to compare ourselves to others, it even makes us more easier and comfortable life.