Bitcoin Forum

Since im relatively new to the space(2.5 years) i wanted to share some insights to newbies, i gained over the years.

Dont just check charts all day and focus on price, hoping you will get rich, when youre still learning about Bitcoin. Desperation for money is the thing that keeps us slaves in the first place. Price should be the last thing were worried about cuz theres a lot of catching up to do. Just don’t feed whales or shitcoins.

And Bitcoin is not the get rich quick scheme some new investors are hoping for. But it can enable you to do things no other asset can do. And for this fact alone it’s priceless already.

Try to imagine that Btc had no price and try to understand everything that is not related to price first.
Like holding ur own keys safely, buying without kyc, running ur own node, understanding the architecture behind it and why satoshi invented it. But that’s just the beginning.

Our current system thrives on misinformation and desperation, just look outside or open the news and you’ll understand what i mean. We’re all stuck in this cage together.

Knowledge is power in this world and those who refuse to educate themselves or stay gullible will get exploited. Bitcoin thrives on education and self-sovereignty, the more educated and self-sorveign we become, the more bitcoin will thrive, we can all do our part.

We’re closer to a free monetary system than any human has ever been before us. Let’s spend our energy on making this work, instead of focusing on other 1000x pumps.

Everything in this world is made up by people that are no smarter than us, like steve jobs said. We can do this if we all stick together.

Satoshi did his part, and now it’s our part to finish the job.

There’s nothing that can stop us anymore, if we all do our individual proof of work. We entered this world with nothing and will leave it with nothing again. The only thing that will be remembered about us is how we used our time, and if we only chased wealth, we do the same thing that billions are doing rn and no one will give af. So let’s finish the job satoshi and the other bitcoiners started and actually do something for the world.

It's the most motivation speech I've seen for the last months :D. You inspired me)
In my opinion we could not be able to reach the free monetary system neither without Bitcoin or with it because it doesn't depends on how many educated human beings believe in this thing or invest their money, it's just about how the things work. It will be impossible to change the way of economic by ourselves in the world without some huge country level changes. It seems for me like the governments aren't going to accept Bitcoin and include it as a part of an global economic system (at least in the possible future).

I completely agree. Technologies like bitcoin are much more than charts and candles, it is a system of money that anyone can utilize as everyone else. All other means of exchanges take a bureaucratic approach and not everyone can use it like everyone else, more like it is designed to work for a select few. This is truer in poor and middle class nations.


Having any sort of general consensus would be difficult as the scene is filled with so many different actors right now, the most plausible approach is not normalizing processes that undermine the decentralization of bitcoin, no matter how popular they become, like, storing on exchanges, freely submitting KYC documents, etc.

I'll tell you what else Bitcoin thrives on: hardship and tribulation.

Need only look back at the last couple of "ATH cycles" and what happened in the time before then. In fact, Bitcoin's arguably made it through its biggest challenges already, which explains why the ATHs keep getting smaller in magnitude (compared to the previous).

I was lucky enough to be in the whole civil war fork split threat that was supposed to kill off Bitcoin. What resulted next wasn't just a survival of the split but a thriving rally of 20k not a lot of people foresaw. And even a reconciliation with most parts of the losing side after.

Country bans Bitcoin? Then people learn how to use it peer to peer.

We saw it in Iran, China, Hong Kong.

Bring on the bad stuff. Bitcoin loves it.

This is amazing about bitcoin. It grows despiste of governamental bans. Just look at China.

Mining comes back to 21% after ban

https://www.bloomberg.com/news/articles/2022-05-17/china-makes-a-comeback-in-bitcoin-mining-despite-government-ban

I believe bitcoin thrives in freedom. No one can take out our bitcoin: no government,  no judge , no authority.  The only authority is the private key.

Bitcoin adoption is a positive type of “pandemic” in the digital space. Despite the countermeasures made by those anti-Bitcoin countries like China, it cannot be stopped. It spreads slowly and has non-stop “variants” growing that began with altcoins, then NFTs, etc.

The blockchain cannot be controlled by the government and banks as it is decentralized. No matter how many times they are trying to take it down, they can’t do it. So yeah Bitcoin is thriving despite the circumstances that we are in these days. Doesn’t matter if we are in the bear market, I am still gonna buy and accumulate Bitcoin every month by doing the old-school DCA method.

I've also come to think of it, why many fail on thier first approach about bitcoin or along the way in their crypto journey, we all believed that live has principles and same is the bitcoin network as well which has its own govern procedures expected to follow for an itch free experience, learning has the highest percentage to what has been expected of us because every stage in bitcoin required a particular knowledge to scale through, those whales we see out there don't just investment all because they have the fund, but because they have studied, analyze and understand the basic requirements needed for any investment stages in bitcoin.

I fully agree with you, in today's world it all about knowledge. With the rise of the Internet borders became obsolete, the whole world is connected now. Which makes it so important to educate ourselves. Knowledge became a resource that can be accessed online through online courses or Wikipedia. It's up to us to keep educating ourselves and move forward in the world.   Self-sovereignty is a powerful tool that can make people more interested in politics and reduce corruption in the government. The more people are directly involved with politics and the government, the more transparent things will be. There should be a layer of ordinary people checking what the politicians are doing and verifying everything is okay.

Yup, this goes well with 1 btc = 1 btc and that's what they should be taught when adopting it. With the current trend in the market, bitcoin has become the instrument of trading and earning profits rather than transacting for the commodities, day to-day stuff buying and selling etc. Bitcoin can have it's own value once they start accepting the payments in btc to etc format and consider USD as only measure of unit. I mean holding gold bar is alway prestigious thing, no matter the value because we always know back of the mind that it's fiat value is always going to upgrade with the time. That sort of feeling one should start getting while holding bitcoins in their wallets. Definitely we should have it as profiting asset but first it should be adopted as it is in terms of its functionality and technicality.

I can tell you from my experience in Africa (I work on contract there) ...that education is VERY important for Bitcoin (BTC) to thrive. A lot of the people in Africa and other 3rd world countries does not get good education...and their government has dumbed down the education system on purpose. (A corrupt government can only thrive in a situation where citizens fear them and where they do not question their rules and decisions)

Bitcoin can look very complicated to a lot of people, but not all people want to know the intricacies of this technology. (How many people actually know how the Banking system work?.... but they still use money.)  ;)   If we can explain the basics to these people and how different it is to the corrupt Banking & government backed Fiat system.... they will see the light.  ;)

The golden sentence op also mentioned here is knowledge is power and people lose money because they don't have power and knowledge of financial systems, these are all because of lack of education and some people are usually staying against getting educated and learning about new technologies and this makes the newbies good victims to be abused by other people and they will leave the market with empty hands while they lost all the money they invested on the market, that's why I'm a fan of self educations.

In as much as bitcoin has been designed to function regardless of the government's stand on it, given a pop system of exchange. Its also important to note that government's influence is still heavily on the system and it rather acts as a double edged sword. In one instance, the critics brings about a gradual growth and acceptance while, should it be proclaimed acceptable, it would flourish at a fast pace. Local merchants and banks would be fully involved without fear or prejudice to bring the innovation to a broader scale.
Although, the knowledge of bitcoin or cryptocurrency empowers the common ma in a way that the government is not yet ready for.

I think you have a very good point, that system should be adopted into bitcoin system.

Very inspiring and romantic, but what exactly do you propose to do?

Bitcoin could be the technology that will change the way you pay that is more efficient and transparent and cannot be manipulated. But the role of the government is also very important, because without the support of the government the bitcoin system will not be implemented. But Bitcoin still can't be denied completely, it will be a technology that will reach everyone in the future.

Or, as I might have put it, Bitcoin grows because of adversity (such as government bans). All tech does. China's Great Firewall, Iran's whiteout, it's only made the people so much more savvy about internet use. Bitcoin benefits from the same methinks.


You've to thank everyone who continued using Bitcoin! It was slightly scary for me at the time, was still fairly new, and while it was easy for me to see where I stood, I did wonder if the big blockers would all go away and take a significant portion of users. Turned out they had more bark than bite.

Theres a whole lot of things that could help adoption in the next years.

Some examples:

• Businesses will need help and expertise in adopting it, it doesn’t matter if we look at erp systems or taxes for example, most businesses aren’t ready to handle it yet.
• Applications that build on Layer 2.
• If more countries will adopt it, we can’t forget to train normies too on using it.
• Learning the technicalities behind bitcoin and helping core development out.
• Helping against social attacks in the future.
• Basics (self custody, no kyc, own node).

The List goes on and on, we’re in the beginning of a new ecosystem and i think there will be opportunities for everyone to step up and do his part.

---

Great points and if y’all didn’t stand trough this, i probably wouldn’t be here today, so thanks again.

Yes, it's true, the government's role in this matter is important, because after all when the government has legalized bitcoin it will make it easier for bitcoin to reach in any way. But of course it will take a very long time to wait for that time to come. Although now many have adopted bitcoin, but currently there are still many who oppose the existence of bitcoin. It became a stumbling block to the development of bitcoin itself.

So we have to keep waiting for government instructions to actually implement Bitcoin payments. Well, it's hard when faraway countries tend not to be interested in adopting Bitcoin. It's just an investment tool. Government policies will help if they can benefit from it, while Bitcoin cannot be controlled unless a centralized exchange is already licensed to operate. Among the original decentralization, now it can no longer be achieved as it should be.

It has become the duty of each one so that Bitcoin remains the only one that has contributed greatly to our financial achievements to this day. We are the stump control for owned wallets. But avoiding using KYC at this time will be very difficult. As I am under the government's financial monitoring, I cannot ensure that what I hold is free without monitoring. Satoshi's job is to give us a path of choice that no one has ever offered.

Don't worry everyone has the same opportunity to learn if you are very serious about it. No need to absorb it all at once. We used to do the same thing, various mistakes, challenges and also there were still doubts at that time. Because as time goes by we understand how concrete the benefits of Bitcoin are for economic growth.

Now it has been proven with Bitcoin that people realize and care more about how to manage finances from an early age.

I think the current system would collapse if people really understood it, it just uses the weaknesses of humans as a whole perfectly against them, that's why its still here, but I think with bitcoin we can change that.

Quite a lot of people take Bitcoin to be so, they basically want to invest in it, make profits and that's that, but Bitcoin is quite different from altcoins that are short term projects, if investors are looking for get rich quick schemes, then i am afraid they must look in the direction of altcoins. As many investors that want to speculate with the price of Bitcoin must understand that Bitcoin is a long term project, and speculators will more or less make profits in the long run, not quickly.

Having said that, in as much as i do not really think we should be telling people how to use their Bitcoins, more people need to understand that Bitcoin is also money that can be used for making purchases in places that it is accepted, for now Bitcoin as a payment method is not all that popular, but somewhere along the line on the road to adoption it would be, thus for users who are privy to have places around them where they can spend Bitcoin for commodities and who do not mind at all, they can try to do so once in a while, to actually get that feeling of using your Bitcoin as actual money.

And that what makes Bitcoin to be unique which it did really give out that kind of opportunity or benefit in terms of being decentralized and anonymous plus having the chance on earning profits which i do see it as a

bonus which is something that cant really be ignored but in overall in speaking with utility then there's no doubt on what Bitcoin is all about.It might be that hard on some part since government doesnt really just let

loose into crypto space without doing something thats why we are seeing that regulations become even more strict and tight but doesnt mean that we are losing that primary intent that had been created from the start.

the pros and cons of using bitcoin will always be there. there are many parties who try to support and continue to develop bitcoin to be more perfect, but there are some people who continue to oppose it for various reasons. Each government has its own regulations on how they use bitcoin so the government can control bitcoin but not completely. Governments that are starting to adopt bitcoin are those who are starting to realize the importance of bitcoin in the future for the development of their country. Let's see who else will start adopting bitcoin.

I agree that it is not a difficult task to carry on what satoshi left us. I mean I am god damn sure that there are so many things in the world that was done by idiots who had the bravery to do it and then succeeded and became super rich and provided something to the world that made sense, whereas we are talking about many many many smart people who could do much more but do not have the courage to live worse for a while and take a risk to build something that will further the world.

We just need to be a bit more brave and go into bitcoin with our eyes closed and keep on holding no matter how low it gets, and we will further the crypto world for sure.

In every new technology, there will always be people who are against with it, so it is no surprise why some people or organization are rallying about bitcoin or crypto in general. It would take time before they will accept it, and it needs time to educate them about this new technology. It is just a matter of time before they will realize that they are getting behind from this kind of developments in technology. And from that moment, they may rush getting into this market. Let us see...

It was just a matter of time until governments wanted to get involved in bitcoin, since the market is moving so much money every single day the governments want a piece of it, and not only that they want us to comply with all the ridiculous rules which lead to the creation of bitcoin in the first place, however regardless of what they do they do not have control of the network or the development of bitcoin, which means their control will be limited at best.

Bitcoin has no feelings you only have to ride with the trend, bad news and good news all contribute equally to the general Bitcoin market but in different directions, for the long-term holders looking away from the price chat is the best option.
But to a beginner who has a lot of cashing up to do stirring at the price chart becomes a daily job for them, this could lead to depressing conditions but then they will learn along the way. But in all don't get too greedy to the point of putting in a huge amount that will keep you awake for too long both as a newbie or an old-timer in the game this is general advice.

Right, they have many things that they can do to manipulate the market, gain profits in ever market change. And team developers are always trying to get profits form their shit projects, take advantage of investors, especially newbies to believe in them, in their shit projects, just for the sake of profit, and they will not care about us later.

Indeed, nothing will be worthy or we know if we are here without knowledge. Without knowledge, we can be easily trapped by the scammers, shit coins, and also market manipulation

I believe it also depends where you're getting your "education". There are many charlatans and snakeoil salesmen within the community who are not paying attention to how Bitcoin actually works, and its limits/constaints. It might make people have too much expectations, and then become disillusioned because they might have a different "idea", or "vision" of Bitcoin. I understand that Bitcoin is hard to define, but base expectations on what's technically possible.

That is mainly because the fool wold not have any idea how foolish of a thing they are doing, whereas the smart person would overthink the situation at hand. So, let's say we have a thing that has a 80% chance to fail, but the fool would not understand how risky it is, and do it anyway, and many many many of them fail, millions of them, but there are some who hit the 20% winning chance of course.

And there are tons of smart people, who will overthink the 10% chance of failure and not do it, and watch the fool do something awful and get rich doing it. This is why we are seeing many people taking silly risks, like invest into a brand new idiotic meme hype coin, and still somehow get rich.

This is without a doubt a problem, many newbies have the wrong idea of what bitcoin is about because they obtain their information from social media, and as such they only think of bitcoin as a way to make some quick profits and nothing more, and then when they do not obtain what they want then they get angry about it and blame bitcoin for their failure, when they are the ones responsible as they were filling their heads with useless information.

I hate those people. Those people are just here for the sake of money, they really don't value Bitcoin, and they really don't know how it works.
For me, this is one of the many mistakes of people who start to use Bitcoin and being introduced to it.
I can't wait soon that people to start to use Bitcoin for real-life use cases.
We will get there, education is always there and the Bitcoin community is growing slowly.

I think people are much better off if they are educated in bitcoin. We who are unemployed youth are unemployed but educated in bitcoin education today we do nothing for the country But the unemployed have been freed. We are able to move our worldly life forward. I think this has created a solution to the unemployment problem in my country.If every unemployed youth is educated in bitcoin education, they will no longer be unemployed but the sovereignty of all countries will be improved.