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1081  Other / Beginners & Help / Re: Have you ever be afraid of holding? on: April 20, 2023, 10:59:54 PM
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Have you also have that fears before? Is holding for too long OK?
Holding crypto/bitcoin assets for a very long time is not an easy matter. Many people are tempted by a small increase, then sell it. After selling it they regret it, because it turns out the market continues to increase. So it's true, investing in the long term, you have to be really unanimous, your determination must be strong, your calculations must be mature, you must be mentally strong and don't forget that investing in crypto/bitcoin for the long term, you must have a steady job, with monthly salaries. Because if you only rely on investing in crypto/bitcoin, you are afraid that before the target price has not arrived, all the assets have been sold, it is still better if you sell when the market is rising and you will have a profit, but what if the reason you are selling these assets is because there is an urgent need, something like that is very inconvenient. So when you are going to invest, the point is that you have to have a steady job, that's for provision, while waiting for assets to experience a high increase, so you can be more calm in investing.
1082  Other / Beginners & Help / Re: Will Bitcoins vanished in one day when we woke up? on: April 20, 2023, 09:55:21 PM
Is there a situation where we woke up one day and found out all our bitcoins vanished? Blockchain or DLT has a common explanation where it is calculated to solve double spending problem which represent a incomparable transaction that are solve through the computers in the network?
If you think about it logically, something like that is not possible for bitcoin. Because as long as I buy bitcoins until now, I have never heard of someone mysteriously losing bitcoins, without a trace. So I don't really believe it, let alone look at the security implemented in these existing wallets, all of them have very strong security, and it looks like it will be very difficult, even for great hackers.

If the price goes to zero, it's still reasonable. Because only its value decreases and disappears. But this also does not apply to bitcoin, the decentralization that is applied to bitcoin means that no one can play with the price. So in conclusion, bitcoin disappears suddenly, whether it's in terms of price or bitcoin itself, it's very unlikely.
1083  Economy / Economics / Re: How is the cost of living in your country? on: April 20, 2023, 08:09:32 AM
I am a 32 year old male living in Australia.

Today I purchased some fresh fruit, a loaf of good bread, good quality milk and 2kg of chicken drumsticks for my German Shepherd (he eats human food only) and the cost was close to $50.

I feel this is the first time in my adult life I have genuinely noticed the rising cost of goods and services especially groceries.

Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.

I really feel bad for the elderly pensioners in this country. They are definitely struggling.

I would be curious to read of the experiences others around the world are having in regards to their cost of living.
In my country all of that can be obtained at a cheaper price.
In my country, a large piece of medium-quality bread costs $ 1 dollar, while 2 kilograms of chicken here is only $ 3.67 dollars, one liter of whole milk is $ 1.5 dollars, and if the price of fruit varies for each type, I will take an example. apples, grapes and oranges.
The price of oranges is now around $ 1.33 dollars per kilo, while the price of grapes is now around $ 4.00 per kilo, and for the price of apples, it is around $ 3.20 dollars per kilo. So if you bring $ 50 dollars, you can buy quite a lot of chicken, fruit, bread and milk.

So in the country where I live, inflation has existed and will always be, but the impact is not as bad as in other countries. This is what I am proud of from my country, even though basic needs have increased, but it is always accompanied by a salary increase, so everything remains safe and under control.
1084  Economy / Economics / Re: Why America Can Be The Biggest Economy In The World? on: April 20, 2023, 03:19:29 AM
Many factors have influenced the progress of the United States to become a very developed country in the world, moreover America has a large landmass, certainly saves many things and one of them.
Abundant natural resources America can progress as it is today cannot be separated from the so-called natural resources, because I believe the biggest key behind the progress of the United States is abundant natural resources. Because with abundant natural resources, industry will also directly experience progress. With abundant natural resources, America is rich in coal, gold, oil, iron ore and tin.

America has a smart and productive Society,
making all of the many natural resources that can be processed and can make the United States economy continue to rise to the top of the world.

The conclusion is that in my opinion America can become a developed country that has lasted a very long time until now, due to its abundant natural resources, and being able to use them very well.
1085  Economy / Economics / Re: Refusal from USD - where are the topics ? on: April 20, 2023, 01:55:50 AM
You didn't notice - how suddenly, massively, a whole "family of articles" appeared in our forum, on the following topics:
- everyone refuses the dollar
- everything changes from the dollar to other currencies
- everyone changes the dollar to gold
- everyone... does something... to collect the dollar...
And?
Over the past 2-3 weeks, these articles appeared systematically, all over the world, and in all yellow mass media, as well as on forums with freedom of expression of one's opinion (like this). They were in the TOP articles on our forum for the last 2 weeks... And suddenly... suddenly... All these articles froze! The authors stopped repeating them, the mass media - to replicate, the apologists of this faeces - pretended that they are not supporters of this idea at all! Question - what is this event for? Is the dollar defeated? Or the paid votes no longer received funding and did not prove their effectiveness in the process of propaganda!? Smiley
This news does not mean that the dollar has been defeated, but that there are several countries that have changed their currency dependence from the dollar to another currency, namely the yuan.
and not all people and countries have switched from the dollar, only a few countries have joined to choose the yuan currency, and the country is
• Russia
• Brazilian
• India
• Kazakhstan
• Pakistan
• Laos

With big news like that, surely it will spread faster in all media, especially when it relates to the United States, China, Russia, and even India. Surely this news will make a hot conversation in every country.
Yesterday afternoon I was still watching the news about this on TV, meaning this news is still hotly discussed.
1086  Economy / Economics / Re: Look for what to invest, not what to eat on: April 20, 2023, 01:11:32 AM
I don't know why some people in this platform are looking for what to eat at the moment, not know that they can invest in a potential projects that will put food on their table, and they will not lack what to eat and what to spend in future.
In essence, everyone who works hard, from morning to night, who invests, who trades, everything is none other than to fill the stomach. Because if the stomach growls, the mind will become dull, the energy will decrease, and certainly there will be no enthusiasm to do anything. So indeed, eating must be prioritized, so that it is safer and more comfortable when carrying out any activity.

Investing in potential assets should not be missed, because these assets will be more helpful when receiving profits in the future. But don't let it, when you have mediocre funds, expenses for food, and for everyday life, are used to invest. Don't do things like that, because a decision like that is not the right thing, what do you want to eat? indeed your assets have good potential, but (for example) one more year it will just be liquid and receive profits. Decisions like this should not be done, because it endangers your survival, in terms of finances.

You must prioritize basic needs before designing a business or investment.
1087  Bitcoin / Bitcoin Discussion / Re: What if Satoshi is eventually ID by the government on: April 19, 2023, 10:38:00 PM
A friend of mine was of the opinion that the government cannot put an end to Bitcoin because it unfortunately cannot be traced to a particular person or organization which could be sued for bringing about the currency or Blockchain.
If this is true does it mean that the identification of Satoshi as a person or organization will pose a treat to the existence of Bitcoin or otherwise
In my personal opinion, the government will definitely be more tolerant and will not punish if Satoshi Nakamoto is found (for example), because Satoshi Nakamoto does not have any faults, even satoshi can be said to be a savior for many people, because it has found bitcoin which is very popular at the time. This. So of course the government will also really appreciate the discovery and knowledge, although for sure, not all governments in all countries will agree and support it, but I'm sure the majority of countries will support it. So in my opinion, if Satoshi Nakamoto is found, it won't have too serious an impact let alone be labeled a criminal by the government.

but in my opinion, what is more feared and must be watched out for is not from the government, but from certain parties who intend to rob or force satoshis for their personal gain. So indeed Satoshi's decision to remain anonymous is the right decision, because if Satoshi had revealed his identity from the beginning, I'm sure the path to bitcoin would have been a little different.
1088  Bitcoin / Bitcoin Discussion / Re: Is $30 dollars worth starting bitcoin? on: April 19, 2023, 02:35:55 PM
Someone ask me a question after introducing bitcoin to him, if he can start up with $30 and grow with it but I told him bitcoin is wide and high in volume, price and market, that's means whatever you're starting with determine the outcome of the market like for example; if you start with $30 and eventually the market goes up to a little increase of $32 can not be compared with someone who started same time with you, at the rate $100.
For an initial step of $ 30 it is also good enough to invest in bitcoin, because investing in bitcoin in the early days what is more important is to gain experience and knowledge first, and for profit it is secondary.
In investing in bitcoin, I suggest you don't have big ambitions first, because that can mess up your concentration in thinking clearly. You can be ambitious, but just enough, just to get excited.
if you want to invest in bitcoin, don't wait to get rich first, but invest what you can afford, so you can feel what it's like to invest from the lowest point to the highest point.

And later all of that will be a very valuable lesson in your bitcoin investment journey. Don't feel like you won't succeed, just because of small capital, keep the spirit and don't give up.
1089  Bitcoin / Bitcoin Discussion / Re: Advise to a friend on: April 19, 2023, 01:50:03 PM
If I'm not mistaken and haven't forgotten, I've read posts with almost the same topic as this more than twice. Maybe now many people have the same case.

Giving advice to your friends about bitcoin is indeed a very wise thing, especially if you give advice while teaching what bitcoin is and how it works, surely it will be more perfect. But the problem is, do you want the friend you gave the advice to follow your advice and buy bitcoin? the answer must be between participating and not participating.
Those who agree to accept advice about bitcoin need not be discussed and questioned again. But the problem is people who don't want to take your advice, but you still force them to continue investing in bitcoin.

My advice, if you have told your friends about what bitcoin is, the benefits of bitcoin, and the potential for bitcoin. But your friend still doesn't want to, it's better not to force it. Because if you force it, you are afraid that there will be risks that you will have to face in the future.
For example, what if your friend invests in bitcoin, and (for example) suffers a loss, (because of being deceived, or because the market goes bankrupt and the bitcoins are not returned), I'm sure you will be affected by your friends, because you are the one who told them about bitcoin .

So basically, don't ever force your opinion on other people, even if the opinion you have is indeed good.
1090  Bitcoin / Bitcoin Discussion / Re: No late comer in bitcoin Investment. on: April 19, 2023, 01:10:15 PM
Indeed, at this time the price of bitcoin has soared, the price is very different from the price of bitcoin in the past ten years. If you think at a glance, it really feels like it will be difficult to make big profits, like you can get when you buy bitcoin at a low price first. Because now for most people buying one bitcoin is not an easy matter, it takes a sizable fund to be able to get it. Maybe that's why beginners think twice about buying bitcoins, and decide to buy high-risk altcoins.

But in my personal opinion, there's no such thing as too late if you want to buy bitcoin, because actually it's not the person who is late to buy bitcoin at an expensive price, but the person who is late is someone who doesn't buy bitcoin at all. Because all bitcoin investors also know, that bitcoin is an asset full of good potential in the future, even the current bitcoin price has not yet reached its highest price. So it can be said that the current bitcoin price will continue to rise again.
1091  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: April 16, 2023, 03:33:34 AM
The Bitcoin market has adopted Salvador as a symbol. More and more individuals may start using Bitcoin as the nation's official currency in the near future. Not the finish, but merely the beginning.
You seem to have gotten it wrong here, El Salvador did not accept the Bitcoin market. The country made Bitcoin a legal tender and this is different from your presumption so bitcoin remains a legal tender in El Salvador regardless of its market condition. This is why El Salvador has not sold any of its Bitcoin holdings since they began an accumulation of since over a year ago.
Of course, the president of El Salvador will not sell bitcoins that easily, they must have bigger goals in the future. Because the president, Nayib Bukele, must have thought very long about planning the adoption of bitcoin. And the goals that have been set by the president of el Salvador, will surely shock the world. Currently, one of the impacts that occurs when adopting bitcoin is on the tourism sector.
Quote
The Minister of Tourism, Morena Valdez, also confirmed that the local tourism industry has increased by 30% in the first three months after the adoption of Bitcoin.
Just three months after El Salvador adopted bitcoin, it has had a good effect. what else now.
Quote
“We have increased tourism by 95%, and that is partly due to Bitcoin. There are many Bitcoiners who want to go to a country where Bitcoin is legal tender, we are holding a Bitcoin conference," said Bukele, quoted from Cryptoslate, Wednesday (8/3/2023).
Sumber: https://pintu.co.id/news/25806-dampak-positif-bitcoin-untuk-el-salvador

Such an achievement is an extraordinary achievement, it can increase the tourism path by up to 95%. Because for some countries it is not easy to increase tourism routes like that. And it's all thanks in part to the adoption of bitcoin that took place in el Salvador.
1092  Bitcoin / Bitcoin Discussion / Re: How not having money helped my Bitcoin journey on: April 16, 2023, 02:58:14 AM
I agree with your opinion, your journey regarding bitcoin is very inspiring to me. But I want to ask, when you were how old were you familiar with bitcoin? did it ever work? and where do you know bitcoin. If you know bitcoin at a time when bitcoin is cheap, if you buy it, you won't get a loss either. Because you can see for yourself the price difference on bitcoin, in the past and at the present time. Because if I could go back to the past, to the time when bitcoin was still cheap, I would force myself to buy it even if I had to ask my parents (but that's just my imagination), because I like to regret it when I remember when I first got to know bitcoin, maybe when I was still in high school, so I didn't think about the long term.

Congratulations on your success in investing in bitcoin.
1093  Economy / Economics / Re: Can I take a loan to invest in bitcoin? on: April 15, 2023, 03:25:41 PM
"Can I take a loan to invest in bitcoin" this question was asked by a friend

My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.

What is your advice?
Personally, I would not dare to invest using borrowed money, let alone borrowing from a bank, because investing is very risky, not only in crypto, in other assets it is just as risky. Unless you are ready to take all the risks that must be faced, if the situation is like that maybe it's okay. But my advice, don't force investing, if you don't have money yet. Because if you are forced to invest, you will end up overwhelmed, because it is difficult to pay your monthly installments (if borrowing from a bank). Therefore, it's better to save first, if the money in savings is enough to invest, then right away you can start investing, but don't forget to read the terms and conditions of the investment service you are going to visit. If you want to invest in bitcoin, you must first research the history of bitcoin and how it works.
1094  Economy / Economics / Re: Lending money or damaging family bond ? on: April 15, 2023, 03:08:42 PM
I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans.
The decision you made was indeed the best decision, even though the decision you made looked like a person who had no feelings. But if you lend your money to your relatives, it is very likely that your money will be difficult to return. Because

I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy.
If you give your brother the money, you will definitely find it difficult to charge your brother, because there will be shame. But if you are in an urgent situation, you will definitely force yourself to collect the debt to your brother. It's better when you are billed, your brother has money, what if your brother doesn't have money, you must be confused, and the worst thing is, your brother has reached the stage of forgetting the debt, if you are impatient, it will definitely cause a war of words. And in the end you still have a bad bond with your sibling, the money also hasn't been paid, it will definitely be more confusing.
1095  Other / Beginners & Help / Re: How did you get familiar with threads? on: April 15, 2023, 01:08:51 PM
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That's why I want to know how you get much familiar with all bitcoin technologies? What should I do?
Basically you have to know what your initial intention was to join this forum, you have to remember again, what was the purpose of joining this forum. When it comes to how to get familiar with bitcoin terminology, all of that flows like water, I don't have too much of a mind to think about that, but what makes me continue to dig up all the information about bitcoin, is because I really like this bitcoin. So when I searched for deeper information about bitcoin, I never felt it was a pressure or an obligation, but I made it all a pleasure and most importantly, I did it wholeheartedly, without the slightest coercion.

So if you start with a feeling of liking, a sense of interest in bitcoin, it will definitely not be difficult for you to enter and get to know bitcoin.
1096  Other / Beginners & Help / Re: Crypto currency are digital assets on: April 15, 2023, 12:46:18 PM
There are cases where people are doing well in the market is all about determination plus knowledge=cash
You've probably heard about $25 turning into $200?? It is more than possible.
I will not deny the opinion that you express, all of that can indeed happen, at unpredictable times. But crypto assets that experience such large increases are very rare, and when they do, usually prices that soar high don't last long, in a few weeks or months they will definitely return to the lowest price.
So even so, I would not recommend investing in crypto, because of the high risk and fast-changing volatility, it is very risky to lose all the money for nothing.

In contrast to bitcoin, bitcoin is more secure, with its regular volatility, and with its decentralized nature, making bitcoin the most secure digital asset. That's why at this time I only invest in bitcoin, because the risk is minimal and not centralized, which is the main attraction for me.
1097  Other / Beginners & Help / Re: Do you struggle learning about bitcoin? on: April 15, 2023, 08:53:25 AM

I do not know if this topic has been shared here before but it is something that has given me serious concern. Eventhough I have been registered here a long time ago, I still find it difficult learning and understanding bitcoin technical aspect, the blockchain and development. I know this is a shame to admit but that is what am faced with. I once tried to read the white paper but could not make much meaning out of it. Is this just only me as someone who has zero knowledge of science or there are also people who are in science but still find learning bitcoin confusing and challenging? Is there a way out of this? Please am not asking for books to read. I need real life experiences of those who passed through this and overcame it.
You don't need to be embarrassed just because you don't really understand all the systems that exist in bitcoin, that's a natural thing, because not everything that is learned can be immediately absorbed into our brains. So deciding to ask in this forum is a very appropriate right, because reading articles is sometimes still confusing, but if explained from an experience point of view, it will usually be easier to understand.

I also don't fully understand the system that runs on bitcoin, but according to my measurements, that's enough for my trading needs.
And I will suggest it to you so that it is easier to understand, if you learn about bitcoin, crypto and blockchain. (essentially about all systems that run on crypto).
I suggest that you learn it while starting the practice, because if you go straight with the practice it will be more easily absorbed directly by our brains. Because until now I have proven it, I used to be very focused on learning about bitcoin/crypto and all its systems, I read on the internet every day, but I didn't practice it, and in the end, I got confused, because I kept reading, but the lessons I learned I have read before I forgot.
After that I took a short break, while I was looking for money, for my first capital in crypto, after I had the capital, I immediately started my investment, at that time I only studied occasionally, but while practicing, and oddly enough, even though I rarely studied specifically, but I understand and understand.

So the point is when learning, if you want to quickly absorb knowledge, it would be better if it was accompanied by practice.
1098  Other / Beginners & Help / Re: It's alright to lose and learn on: April 15, 2023, 08:28:26 AM
Surely it will be a struggle that you will remember and be proud of forever, because only some people can get back up when they experience failure or loss, especially in the crypto context. From that failure you can also take lessons that can be applied at the present time, and will make you more careful and continue to be mentally strong.

1. How to control my emotions in cryptocurrency: before now I had issues with controlling my emotions generally and even though I had intelligence on certain things. My emotions becloud my sense of judgment. But after losing serially over one year in cryptocurrency I think that aspect is improved.

for me personally, controlling my emotions is the most difficult thing to overcome, because this is a matter of feelings, and it is the most difficult for me to control my feelings. And seeing you get out of the emotional zone, that's something great.
1099  Economy / Economics / Re: "Greedflation" has gone too far! on: April 15, 2023, 08:08:12 AM
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When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

‘We may be looking at the end of capitalism’: One of the world’s oldest and largest investment banks warns ‘Greedflation’ has gone too far
If in a large company I still believe, that when inflation takes place, they can still take profits. What makes large companies able to remain stable in a state of inflation is

• Already have a big name

companies that already have big names, usually will be more able to survive, even though inflation is rampant, that's because customers already know the quality and price to buy, and in large companies usually the price tends to be cheaper.

• Have a lot of reserve funds

A large company that has been running for a long time will definitely have a sizable reserve fund, so when inflation comes, the company is ready with all possibilities.

• Large companies that have been in their company for a long time, surely the longer the time, the more powerful they will be in terms of marketing.

• And the last one is the company's long sailing experience, this factor will definitely help mentally.

Therefore, large companies can reap profits, even though they are in a state of inflation.
1100  Economy / Economics / Re: Automating your savings will help you save more on: April 15, 2023, 07:41:14 AM
High passions that always make someone's toughest challenge when they want to save, there are many temptations from various angles of desire and even needs. It takes a process, if it continues to be smooth in saving, because growing a habit is the most difficult.
I personally practice my habit, when I want to save, I always use really small money, so in effect I keep saving every day because I only save with small amounts of money, so I don't feel burdened when saving. And when over time I got used to it, that's where the amount of money began to increase, little by little.

When you automate, you eliminate a decision – to save or not to save. Once you decide to set up auto-save and go through the initial process, that’s all. You keep saving at interval without a need to make a decision on either to save or not. With this one savings keep accumulating with time till one have a reasonable amount.

The advice you give also seems very good for beginners who have just stepped into the world of work to practice. But in my opinion, if lust cannot be controlled, it will still be taken in the end. Because actually there is no need for a complicated way to save, we only set aside a little money from our work, and only have to save it. It's not too complicated, but what gets complicated is desire and sometimes there are needs that are beyond expectations.
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