Bitcoin Forum
May 28, 2024, 04:18:49 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 »
121  Bitcoin / Bitcoin Discussion / Re: Why does Bitcoiner still support the use of centralized exchanges? on: April 28, 2023, 04:24:54 PM
Although we are discussing the technology and business philosophy in this conversation, our primary goal is to generate revenue. Bitcoin serves a variety of purposes. Other than anonymity, transparency in transactions encourages us to use it.
Your money is safer in decentralized exchanges than it is in centralized exchanges, however those who are unaware about cold wallets or decentralized exchanges could prefer to utilize centralized exchanges as their wallet. The firm also has a trade and liquidity component.

122  Economy / Trading Discussion / Re: Is it legal for our kids to learn trade? on: April 28, 2023, 04:20:54 PM
I truly wanted to work with students who had such enthusiasm and passion. In actuality, they are not too young to understand concepts from what we have taught them, despite what they may believe. The concept was fine as long as it was simply for learning how to trade; however, if actual trading and the creation of an account are required, there may be a problem, especially if KYC is required. I am aware that some exchanges don't require KYC, giving users a chance to practice and engage in trading. Start with a minimal amount and stick to that limit until they are ready to take on larger responsibilities, just like we would normally do.
123  Economy / Trading Discussion / Re: Is there any point to start trading with 20$? on: April 28, 2023, 04:18:04 PM
In my opinion, there are several nuances to take into account. Even though cryptocurrency trading carries a high level of risk, making smart market choices can result in bigger initial investments than just starting with $20. It's important to keep in mind, though, that many centralized exchanges have a $10 minimum purchase restriction for all coins. Additionally, transaction fees that are a necessary part of trading must be taken into account. Last but not least, diversity is a crucial risk-management tactic in trading, and $20 might not be enough to handle the difficulties that lie ahead.
124  Other / Beginners & Help / Re: Is it possible to get bitcoins for free? on: April 27, 2023, 04:39:50 PM
If you want to know if it is still ideal to have this for me right now, it really consumes a lot of time to wait and claim, but it's up to you if you have a lot of time just to claim small portions of satoshi. If I'm not mistaken, freebitco.in still has this kind of features.
125  Economy / Trading Discussion / Re: Being drunk while trading what was your experience on: April 27, 2023, 04:32:42 PM
This will depend on your tolerance for alcohol as there are some people who can't fully control themselves when they get drunk. However, it's likely that your friend can still think clearly even if he is already intoxicated. Have you tried to ask your friend for the outcome of his trade? In your friend's instance, I believe he knows what he is doing.

I personally won't give it a shot because it's extremely hazardous, you may lose all your money if you trade while inebriated, and I know I'm not strong on alcohols.
126  Economy / Economics / Re: marry rich: marry fiat rich or crypto rich, which is better? on: April 27, 2023, 04:26:25 PM
You are emphasizing the wrong thing; wealth, whether it is acquired through fiat currency or digital currency, is wealth nonetheless. Similar to how someone who has a lot of gold and other precious metals is wealthy, having fiat money is not a requirement for being wealthy. The cryptocurrency will always represent well as long as its value might be quickly converted at any time.
127  Economy / Economics / Re: Does Banks really manipulates us? on: April 27, 2023, 04:22:46 PM
All of these are ways for money to move about the economy as a whole, not just banks, which make up a small percentage of it. And when we generalize investors, they have other businesses to which they are related, either directly or through their investments in or connections with the banks, in addition to performing the role of an investor. The hard fact is that we cannot, and even if we did, it would not change the fact that elites or wealthy people would always be at the top of the food chain, alongside average and poor people, and that we are all consumers who fundamentally contribute more to society as a whole.
128  Bitcoin / Bitcoin Discussion / Re: What a physical Bitcoin could look like? on: April 27, 2023, 04:14:32 PM
Making a physical bitcoin is always the same as making fiat money, which both have a set value associated with them. This goes against bitcoin's reputation as a decentralized asset. It's OK to have bitcoin as a digital asset; whether or not it is possible to turn it into actual money is irrelevant, in my opinion, as I don't think Satoshi ever intended for bitcoin to exist in physical form. So let the fiat currency exist and fulfill its own purpose.
129  Bitcoin / Bitcoin Discussion / Re: Bitcoin overshadowed by economic lie on: April 27, 2023, 04:04:45 PM
I have noticed that about people in today's society. Kids would undoubtedly choose a well-known method of saving money, such as a bank, given that kids are taught about it in class and how it operates, etc. Only a few schools worldwide have recognized Bitcoin as a subject, and Bitcoin doesn't receive the respect it rightfully deserves. Some schools don't even educate students about the significant influence of Bitcoin. because they could find it difficult to teach it in schools. In contrast to decentralized systems like Bitcoin, which are vulnerable to fraud and scams, many individuals prefer centralized systems because they provide confidence and protection for their money. They find it difficult to accept Bitcoin since they only perceive it as a difficult alternative currency, which is exacerbated by its volatility. Most people would consider Bitcoin to be a "scam" or "complicated system" if you asked them about it in this country, which is accurate given that you would require prior knowledge of this sector.
130  Economy / Economics / Re: Investing Addiction. on: April 26, 2023, 03:57:59 PM
For a variety of reasons, investing can be an addictive practice. One of the most important factors is the possibility for high profits. The potential for increased financial gain through investing can be highly enticing and inspiring. Additionally, investment can provide one a feeling of empowerment and control over one's financial future. It can also become compulsive to chase after the next best investing opportunity or to try to outperform the market. Additionally, group or family pressure to invest socially can cause FOMO, a compulsive emotion that promotes addictive behavior. Investing can also cause the production of dopamine, a neurotransmitter that makes us feel good, which can lead to a psychological high and support addictive behavior. It is essential to invest responsibly and seek help if investing behavior becomes addictive or compulsive.
131  Bitcoin / Bitcoin Discussion / Re: Little Bitcoin investment becoming something else on: April 26, 2023, 03:50:12 PM
If taking advantage is the issue, then it is definitely relative, in my opinion. Because while each bitcoin investor has a different goal in mind when making their investment, at their core, all investors want to earn. However, in my view, there are two methods to benefit from bitcoin investments. The first method entails making a brief investment in bitcoin. When using this strategy, most bitcoin investors usually sell their holdings when there is a profit, even if the profit is modest. The second option is to make long-term investments in bitcoin. Those who use this approach to invest in bitcoin often sell their holdings every four years, when the price of one bitcoin is halved. Because a halving typically results in a significant price increase. There have undoubtedly been cycles in bitcoin's price history where there have been significant price gains. especially though there is a modest profit, I personally don't like selling bitcoins, especially if there isn't much immediate demand. In essence, I am investing in bitcoin for the long run and eagerly anticipating the impending price halving.
132  Economy / Trading Discussion / Re: Beginner mistakes and how to avoid them on: April 26, 2023, 03:39:12 PM
The most frequent error made by beginners is ignorance. People typically associate trading with generating money when they hear the term. But the hard truth is that in order to earn money, you must turn a profit, and in order to turn a profit, you must remain knowledgeable about the market and currency. However, many newcomers lack patience and invest right away without conducting any study or having sufficient understanding. After making an investment in the coin, people examine whether its value will rise or fall and afterwards second-guess their choice. These are some of the major blunders that all novices and beginners must steer clear of.
133  Economy / Economics / Re: Concers About Going in Business with a Friend on: April 26, 2023, 03:33:52 PM
Never, ever, ever do it. I've done it several times during my life, and each time was difficult. Even while I have heard stories where the financial aspect has been a difficulty, mine was unrelated to money. Mine was about how he was overexcited and too daydreamy, which is why it failed. When we started it, it was a simple idea that couldn't really go anywhere, but he believed that we could start there and make it to the top, like literally dreaming to become a billionaire one day. This happened about ten years ago or so, when I was a lot more younger and obviously a lot less experienced.
134  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving only 1 year away on: April 26, 2023, 03:20:27 PM
That simply indicates that it's still early and that there will be plenty of chances for us to amass Bitcoin during the coming years. When the halving comes close, the market price will soar once more, which means it might be advantageous for many investors. I mean, it could certainly increase market buzz. In addition, there will be a significant impact on mining rewards once more, which may cause many miners to lose money at that time and lower the network hash rate, which would increase transaction times and lessen network security.
135  Other / Beginners & Help / Re: Will you sell because of situations? on: April 26, 2023, 03:13:49 PM
If I find myself in a situation where I have such issues, I'll state that I must find a solution, perhaps by selling some of the coins I've long held onto.
But the most crucial thing is that you get that I can't contribute all of my resources. Although doing so will be more profitable, it'll probably be the stupidest course of action. We are always told to keep some cash on hand for situations like these, which are things we should be on the lookout for. In order to succeed and go far, you must secondly have a reliable source of income.
136  Economy / Trading Discussion / Re: IS IT SAFE TO INVEST PENSION FUNDS IN BITCOIN? on: April 25, 2023, 03:52:38 PM
Investing pension funds in Bitcoin would be considered a high-risk investment strategy that may not be suitable for everyone. It is very important to remember that retirement savings are generally considered a long-term investment and that too much risk may not be suitable for those approaching or in retirement.
This is accurate, and they should pay attention to it because there are risks involved. It might seem like a good idea given its popularity and the fact that prices are rising, but that doesn't really change the fact that risks still exist. It's best to keep those risks in mind, but if you are able to accept them and choose to invest in or save for your pension fund, that is when it will pay off. While it is not necessarily wrong to issue such a warning to someone who does have those kinds of thoughts, they are the ones who do make such decisions.
137  Economy / Trading Discussion / Re: Where can I invest 4k bitcoin on: April 25, 2023, 03:37:54 PM
The definition of investment must be understood. When we use the term "investment," we mean that you are prepared to put your money at risk in exchange for the possibility of a higher return. And when we talk about risk, we mean that you might be successful or unsuccessfully. Because it doesn't exist, what you're looking for is not investment. I hope you don't see investing as a daily profit Ponzi scheme, which is obviously a scam.
138  Bitcoin / Bitcoin Discussion / Re: Maybe I should wait before owning my bitcoin on: April 25, 2023, 03:28:41 PM
You'll eventually break the habit of basing all of your market decisions on these votes and polls. Heck, if the goal is for the long term, I'll even go so far as to say that you will most likely purchase bitcoins blindly. I believe that would be widely agreed upon here. For the time being, perhaps understand as much as you can before purchasing anything. Prior to understanding about market fluctuations, educate yourself about wallets. Over the years, a lot of frauds and attacks have evolved, making it frightening to not know how to protect yourself.
139  Bitcoin / Bitcoin Discussion / Re: Which one is important? Knowledge or Experience? Or both in Bitcoin Learning! on: April 25, 2023, 03:21:32 PM
Although both experience and knowledge are crucial for a healthy human life, in actuality, experience is more crucial than knowledge.
Let's say you and I both possess the same knowledge and degree from the same university in the field of employment, but if you have more experience than I have, you will be given preference in promotions. But it's crucial to remember that you can't claim to be knowledgeable about something unless you learn something about it. In addition, it is necessary to get information in the area of Bitcoin, but in order to trade Bitcoin successfully, one also needs a lot of experience.

140  Economy / Economics / Re: Methods to cut food costs on: April 25, 2023, 03:11:00 PM
Although those discount codes and coupons are unavailable in my nation, I believe that the majority of retailers do offer a loyalty rewards program that enables all of their customers to accrue points and take advantage of benefits. For instance, if you reach a certain threshold in a month, a local supermarket store provides 30% off of one of your purchases. Although many people with typical incomes won't be able to meet the criterion, it is at least there, even though the system should be improved.

The financial situation of many people is being severely impacted by the rising costs of basic items. Urban gardens might be helpful, but the yield will be much lower and they aren't really worthwhile unless you had a huge place where you could grow food and be self-sufficient on it.
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!