The fact that bitcoin is already capped at 21 million is already a scarcity, the scarcity doesn't start when all the bitcoin has been mined. I don't think it's the time, mining equipments are getting more expensive and with the halving ever nearing, it's going to get much harder for individuals to earn bitcoin through mining, you have to also consider that rigs get hot and you will need an air conditioning or cooling for your rigs and that's an addition to your cost for maintaining a small mining operation.
I mean... what is it possible that mining lowers its performance instead of increasing it? That means that as time goes by, mining will no longer be as profitable as it is now? Although if I think about it and examine the situation a bit, surely what will increase will be the exchange of this currency, since if the extraction of bitcoin little by little will no longer be as abundant as it was before, people will prefer to choose not to mine and dedicate yourself to another business with bitcoin either investing in it or focusing on trading..and even so I am sure that despite the fact that the scarcity of the existence of bitcoin is noticing, this will not stop being an asset desired by many …What does worry me is that people no longer want to mine bitcoin, I wonder what would happen then? What impact would it have?
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If no one is paying taxes, that could affect the economy. Tax is important. You do not have to evade tax, pay your tax.
I think ops have a valid point, even though the government need tax to fund capital expenses, this is a clear indication of over-taxation because, from the ops point of view, there is no justification to pay income tax as a salary earner because, at the back door, you still pay value added tax on your expenses and necessities. The government have indeed robbed the citizens in multiple ways, just as we have tax invaders as citizens the same way we have tax robbers from the government and its agents who impose multiple taxes on citizens. Your comment has a very important and true point, governments instead of worrying about solving the salary problem and the excessive increase in inflation to create a balance, they prefer to deal with something else.. such as finishing screwing over the people, increasing the taxes even knowing that what each citizen earns is not enough, that is the kind of rulers that you have in most countries, especially in Latin America, and it is really because of this type of situation that people see themselves forced to carry out these types of acts, it is known that taxes help with the economy of a country, but if in reality these go to the clutches of thieves, i doubt very much that something is being contributed, so i think it is difficult to judge When a person is forced to do that kind of thing, it may be a crime, but i don't consider it that serious, as long as the circumstances warrant it
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It seems to me an interesting analysis as well as enlightening, you highlight the importance of financial education as a crucial factor to improve the economy of a country... Certainly the lack of awareness and technical and fundamental education can limit the financial potential of people. Your focus on educating people on how to make money, manage it properly, and make it grow is essential to empowering people in their financial decisions
In second instance, this cultural disparity can have a significant impact on how people manage their money and pursue financial growth opportunities. Undoubtedly, promoting a more open mind towards investment and risk can be beneficial for the economy. That is why I highlight the comparison you make between the savings mentality in Asian countries and the investment culture in European countries. It's a widespread approach that could have a positive impact on how people manage their money and participate in investment opportunities.
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From my experience, when it comes to encouraging someone to take risks and invest, it is essential to address their concerns respectfully and realistically… What do I mean by that? That instead of simply insisting on the need to invest, I like to offer educational information on how investments work, the associated risks and the possible long-term benefits... because from your point of view, we cannot make a low-income person invest like this in Bitcoin, firstly because surely you do not have a basic financial education that would help that person to function easily and secondly because the resources they may have are quite limited and you can create excuses for not wanting to invest simply because you do not have the capital to do so. Instead of focusing solely on taking risks, we could encourage people to make informed and strategic decisions. This could mean looking for ways to improve your skills, exploring new opportunities, and when you're ready, considering investing as part of your overall financial plan..
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It's just that it's reasonable not to do that, I also had errors of this type, but not as pronounced, that is, the loss wasn't much, but imagine that I suddenly decided to sell a property and start marketing without knowing anything, I think that was very extreme, if you are a rookie for more reason you should have been careful, you were going to explore unknown territory, but well, there are people who have enough to not care about losing, and I really hope it was the case, because or if not, sincerely people You must be aware that money is not a game, many find it difficult to keep up with this inflation to decide one day to gamble it all away and end up in ruins just by seeking to quickly increase their assets... it is a resounding mistake to do this. You did well to help your friend, thank goodness and he still had a chance to recover... and I agree with you, impulses are not always good, you have to be prepared, and practice before getting into any business, whether crypto or not .
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Hi all, I was expecting a transfer of $1000 in btc.. I saw incoming of $1000 in my wallet, then i also saw $100 incoming from the same sender.
You didn't ask yourself why he is sending an extra $100? I thought once a transfer is sent and you see it on incoming it cant be changed or modified?
An unconfirmed transfer can be changed or modified or not even confirmed at all. That's why you should wait for 6 block confirmation before taking that money for granted. What happened is that most likely you got scammed, they sent you $1000 worth of BTC with low fees you released an escrow or paid something or sent your coins and then they simply replaced the unconfirmed transaction and they sent you $100 probably as cover up to claim in a dispute that's the amount you agreed on! Whether or not the OP's information may be true, I am intrigued that this could happen, wallets are supposed to have security encryption to such a degree that they do not allow this type of case... And they can tell me that type of option exists due to the possibility of making a mistake when making a transaction, but by God, we are talking about bitcoin, not any other current currency, for obvious reasons, before making a deposit to another person, you must make a last revision of the amount that is being made, so I don't see any sense in him that he was wrong and therefore redirected said transaction, so it makes me think that you are right, it is very likely that the OP has fallen for a scam. It is incredible how this type of incident has increased, I suppose that it is because of the popularity of bitcoin that thefts have increased considerably, which is why you have to take the necessary precautions, if before you were susceptible to transfers and exchanges, now there are to double this distrust... because apparently not even wallets are so safe now.
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The choice between these two options will depend on the person's risk profile and financial goals… If you are looking for high-risk, high-return opportunities, you might consider investing a small portion of your funds in Bitcoin. On the other hand, if you are looking for stability and let's say a certain degree of security, you could opt for banks and traditional financial products. I personally like the idea of Bitcoin better as it can offer high return opportunities due to market volatility… and although for many people this volatility also means there is significant risk of loss, for me it represents a higher risk appetite, which could be reflected in higher profits... Also, the returns on savings accounts or certificates of deposit they are usually low compared to the potential gains from riskier investments like Bitcoin.
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Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.
So my question is: is this market still profitable for new projects?
Of course it is profitable, innovations will always bring benefits, and that is why the vast majority of investors decide to support the ideas of those with good vision, however, just as innovative projects can be created and with good foundations, they exist in those who, despite the fact that they seem to have potential, end up failing, but it is not the fault of how the market is, but of the strategies they used, there are people who, despite having a futuristic mind, do not do well with business and That is why they end up failing, despite all this, it is not a reason for demotivation for those inventors or investors who decide to trust, because that is how the world works and it always opens new opportunities where the results end up being true and satisfactory for both sides and Not only for them, as long as humanity has the ability to create projects and investors are motivated to finance them, both those involved and the economy of the countries will be rewarded, as they will remain stable and increase in productivity, as well as will contribute to the quality of life of citizens and therefore the profitability of the market.
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Volatility is not bad, it is what characterizes this asset and it is what allows you to win at any time, when it increases of course, and perhaps some who decide to bet and use it, for example, in trading, are a little more exposed to losing or increasing their investment, but it is all part of the magic of this currency, even more so if we analyze it, fiduciary assets also have this volatile system, it may not be as marked and notorious as bitcoin but it is not as stable as is believed, or because they believe that when comparing a centralized currency, such as the dollar, which is apparently used as a replacement to counteract inflation in a country, one notices the ups and downs it has, if it is supposed to be stable it must remain fixed, right? ?.
What i mean is that the volatility of bitcoin and other cryptocurrencies, as well as centralized ones, plays an important role in the market, and allows people to take advantage of this to generate more, and.... how do they do this?, investing.
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The recoverability of Bitcoin depends not only on the price, but also on the integrity of its underlying infrastructure and protocol, Bitcoin is based on a decentralized technology and a consensus system called the blockchain… For Bitcoin to be no longer recoverable, something would have to happen that would seriously affect these fundamentals. As could be the case with massive network attacks, critical vulnerabilities in the protocol, extremely adverse regulatory changes in multiple jurisdictions, or even a change in the general perception of its value and usefulness.
Furthermore, the price of Bitcoin generally reflects the confidence and value perception of market participants. Big drops in price could erode investor and user confidence, which in turn could affect the overall health of the network. …but a recovery would be possible if fundamentals remain strong and relevant concerns are addressed.
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Okay... First let's remember that no asset or technology is a guarantee of eternal existence. While Bitcoin has proven resilient and has survived for a significant period, the future is uncertain and subject to a number of factors, including technological developments, government regulations, and evolving market preferences and needs. If Bitcoin continues to thrive and remain relevant, it is likely that it will continue to be a valuable asset and decentralized medium of exchange well into the future. But all this does not take away the fact, as several have mentioned, that it is impossible for something to be eternal, whatever it is…. Ultimately, no one can predict what will happen to Bitcoin or any other cryptocurrency with certainty, but the passion and dedication of the community have certainly contributed to its success thus far, so let's keep enjoying BTC while we can..
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As you well mention, economic uncertainty is currently extremely high, however, this is a bit overreaching with respect to your questioning... Whether investing in an existing business or creating a new one is economically viable depends more on the nature of the business from either perspective and on the willingness of the entrepreneur involved than on the circumstances of the environment itself. However, I am supporter of what is known from personal experience and with which it is possible to create personalized dynamisms from scratch is better, since, in this way, you can learn and get to know a branch without an abrupt introduction to it, so personally, having the means, I would bet on a new business of my own, although I do not rule out the possibility of buying an existing one, but if one that is set up beforehand is already successful (which would be the objectives of interest) it is most likely not for sale.. so one is an option that goes to the background from a realistic perspective, it is preferable to be part of what is created, rather than at first, I insist, just my opinio.
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With the global economic recession on the cards, GOLD is the only option left for the countries to safeguard their assets. USD also faces drawbacks and challenges. Governments are decreasing their dependence on USD and looking to trade in their currencies. This will have an impact on the dollar's monopoly. Looking at USA's recent banking crisis, which is far from over, one thing is self-evident, US rule is coming to an end in the near future.
BRICS is about to launch its currency for trading and Arabs are doing trade agreements in Yuan along with India and Russia, things are looking ugly for USD, especially "petrodollars". A few countries started to increase their reserves of Yuan and are dumping dollars. Global power dynamics are about to change. A new world order is approaching, and I think China will be at the center of this.
I have a picture of the story being extreme but actually what's going on is not strong enough for us to see a new order, actually the story of war is something that no one wants but it's also hard to understand. avoid. Hopefully it won't lead to major disasters. There are views that I have heard about countries that are introducing measures to reduce their dependence on the USD and seeking to diversify their national financial systems. Replacing the USD as an international currency is a complex process and requires stability, reliability, and the support of many stakeholders. Therefore, when assessing global financial trends, it is important to understand and monitor international economic, political and financial situations to gain insight and make informed investment decisions bright. I believe that if the scenario of a new world order is possible perhaps not as soon as some thought, but it is a matter of keeping it in mind...the United States has recently seen itself in a decadent situation, an environment that in one way or another has benefited its opponents, especially China, which has used its influences and strategies to increase its power as a power, so I Think that Soon the reign of the United States will go to the background, or well that's what I Think... but there is something that still keeps me intrigued, the monetary war between the Usd and the Yuan is being noticed as a new alternative to carry out commercial exchange, but and if none of these currencies are the ones that will establish the new world order and rather bitcoin will do so, none of these centralized assets show the potential to lead and counteract inflation, which little by little is plaguing every corner of the world, bitcoin is the only one that can reduce this impact, despite its volatility it has generated good results, What would happen if, in addition to considering it as a reserve apart from gold, they used it for trade between nations?,what would happen to the world in In this case? Could the countries regain stability as time goes by?
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Before now, I've seen some forum members argue that bitcoin is not meant for everyone.
Even though Bitcoin was actually created for everyone without "exceptions" but in my opinion logically the sentence "Bitcoin is not for everyone" is true, the reality is that Bitcoin is not for people who don't believe or think it's just a scam, Bitcoin is not for people who don't care about benefits and advantages of Bitcoin has, Bitcoin is not for someone who is not ready financially and confidently to adopt it. Not everyone can own and adopt Bitcoin because this depends on the conditions and choices of each individual. So for me, no amount of educating people about bitcoin is enough,
Providing and spreading education or knowledge about Bitcoin actually is good for opening the minds of people who don't understand the benefits and advantages that Bitcoin has, but it's not easy. If talking isn't enough, yes, of course it will never be enough or optimal if it's only "theory" or only giving explanations or education to many people about Bitcoin. Not everyone is willing to take existing risks and because everyone's condition is different, there are those who are "able" but "not ready" and there are also those who are "ready" but "unable". And most of the general public will easily believe and follow if they are presented with real evidence that they can see and feel right away, right?. This is true, I agree that education about bitcoin is very important, if it were not, as it is intended that people can be prepared for what bitcoin itself is, we must take advantage of the information that is currently handled about this asset, It helps users who want to enter this world too much, allowing them to be prepared and conditioned for everything that investing in this currency implies. I also understand that this scrutiny cannot be done in the traditional way as we are used to from childhood, since innovation should come with more innovation, the best way for people not to get bored and lose interest in this topic is with practical results, where they can observe and experiment with theoretical bases all the good that bitcoin can bring you, this as a result throws the answer to the question that OP raised, and that is that at the moment bitcoin, it is not for everyone !!, we are independent individuals whose Free choice causes to find disagreements and therefore not everyone chooses to use bitcoin and its methods to increase their capital, or because it is not in their capacity to do so. Now, I would like to emphasize my comment that “at the moment bitcoin is not for everyone!!” …and it is for the simple reason that even governments do not want to get involved with this decentralized asset, which causes more people to be unwilling to try it, when this changes the majority will turn in favor of bitcoin, and even if it happens this, will still exist those who are not in favor, it is a complicated issue, since it involves many factors for this currency to become fully adopted and it takes a long time to be able to see this
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From my point of view in regard to your question, I feel there are several factors to consider… Freelancers often have greater independence and responsibility over their work, which can lead to a greater sense of ownership and motivation to produce results of high quality. This "own your job" mentality can lead to increased dedication and commitment to assigned tasks. However, not all workers have the personality or motivation to function optimally in an autonomous environment. Some people can thrive in a more structured environment, where guidelines and expectations are more defined.
I have seen that Some companies have adopted approaches that encourage self-management and decision-making by employees, even in traditionally structured roles... which would achieve an increase in motivation and productivity. .. As in the case of American Express that have a mental health section which helps their employees to perform their work better.
I would say that The key is to find a balance between the necessary structure to maintain productivity and enough autonomy to encourage creativity and motivation of employees.
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most people, of course, want to get quick profits from investing in btc, and want big profits, but I don't think there's anything wrong if people want to get rich quick from btc and get big profits, because most human nature is like that, and I myself also want get rich quick from investing in btc and want to get big profits. and in my opinion it's not wrong as long as the condition is that as a btc investor we have to accept the fact that the btc price is hard to rise or we only get a small amount of profit, or get a loss.
It's human nature to be greedy, so we don't need to get upset with others because when we were newbies, we used to have such thoughts. it would be a lie if someone said that they have invested in bitcoin but they don't want to get bigger and faster returns. Bitcoin is considered risky but has the potential to provide faster and larger returns than other assets like gold or real estate. That's why we take risks to invest in bitcoin with the desire to change lives faster, so don't try to lie that we don't want high and fast returns. None of us is without greed and envy. You have a very true point although previously there was probably not as much information as what is currently handled, So perhaps these newbies should already have at least a minimum knowledge about bitcoin or at least they could investigate before getting into this world without any type of bases With Which they can orient themselves, i understand that there is a lot of ignoramuses that the only thing they seek is to make profits without any type of study and that is what causes discomfort since now there is enough information that allows us know how bitcoin is managed and thus invest with more realistic expectations, So that in this way the cases of users who withdraw their money because the results are not as fast as they thought, or because volatility fills them with anguish, are reduced...... in other Words, i think that for what bitcoin has on the market...... there should be fewer clueless people in this area.
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I have tried talking to people about Bitcoin but a higher number of them don't show any interest, they have idea what Bitcoin is but they don't see any reason to join the train so I am thinking, to cut short my time and energy, do you think it's better to talk about decentralization first?
Is it right to say that if anyone doesn't like decentralization they can never like Bitcoin?
I am not trying to force anyone into Bitcoin but people never stop asking me how I am making money for myself and most of my income comes from Bitcoin trading, as you can see, I have no choice but to teach about Bitcoin if I feel like helping someone out.
Why force people to talk about what they are not interested in? You have nothing to do? Save your time and energy. Decentralization is more likely to be misunderstood than people don't like it. The time will come and people will like bitcoin. I'm not sure that everyone, but it is possible that many. They will become interested and then you can start talking about it with them. The mistake is that people want to learn how to make money, and not learn about bitcoin. There is a choice: let people learn information about btc themselves. There is a lot of information in the public domain. You only slightly direct them in the right direction and let them do the rest. This way you save your time and energy. How is that possible? Walking up to a stranger and start talking about Bitcoin? You don't know what you are saying, when I said people I don't mean strangers, I am talking about those within my circle that want to start doing what I am doing, I have a Bitcoin mining farm and I am also a Bitcoin trader now, it will get to a stage where you can't hide your success anymore and that's what bring about people (within the circle ) asking questions about mining Bitcoin and how they can start mining too, so how can I teach someone about mining without them knowing what Bitcoin is all about? Or how can I teach about Bitcoin trading without them understanding Bitcoin itself? As you can see I have many things to do, watch charts and monitor my Asics, That's enough to see time fly pass you everyday. Well, if these individuals are the ones who approach you asking about your success, it is normal that you want to instill in them about your art and the great benefits that practicing this trade brings, surely your intention is that more people, especially, those closest to you they can win and see finances from another perspective, I am aware that not everyone is capable of seeing the potential and the opportunity that you would be giving them by talking to them and trying to explain to them what you do so that they too can see fruits and a change in their way to live, it may be due to fear or simple distrust of being something new but I am sure that not everyone is the same and there will be those who pay attention and are willing to dare, and take the same reins as you, so even though it true number of individuals do not listen to you, there will be another percentage that will, and you would be fulfilling your purpose. As for the way you should talk to them so they don't see it with little interest, it's a bit complicated, but you could apply a productive method, and that is to show while you explain, teach them with facts that it works and the potential it has. It will be up to them if they like it or not. Since that you,can't force anyone to join bitcoin, they will gradually realize that you were right.
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Of course, everyone's opinion is different, some want bitcoin from mining, some want bitcoin by buying. and both also have risks, but I myself prefer to buy to get bitcoin.
well we can also earn by working here in forum or outside, as you have been wearing signature also and there are chance that your payment will be converted into bitcoin in the next days. we all do this from Bounty payments to break and take bitcoin instead. but also? i commonly buy bitcoin from my extra income and from my gambling wins . also some of my friend pays me using bitcoin in my product selling Online . This is true, at this point we cannot limit ourselves to saying that there are only two methods to get bitcoin, however, focusing on the question that OP asks, about whether it is better mine a Bitcoin or buy a bitcoin? I would have to say that it depends on the circumstances of said person, since both options are good, but certain aspects must be taken into account. If an individual decides to buy bitcoin, the only thing that could limit this is the fact that they have a good amount of money to be able to access it, after that they would have to invest it so that they obtain good remunerations in a period of time. Now, if you choose to carry out bitcoin mining, you must have the ability to cover everything that this work entails, either due to legal issues in the country that could limit your work, or due to the simple fact that you do not have the necessary tools such as example good electrical energy, since this type of work consumes a good amount of energy, now if we omit the obstacles that they could have, the profits of practically creating this currency, are quite good compared to buying bitcoin.
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Well, both are good options, in my opinion it would be almost the same, only with different methods, since to carry out staking you must have a certain amount of cryptocurrencies, specifically the one that you are going to use to make the investment, which will be retained for a certain amount. period of time for later if it starts to bear fruit, on the other hand, the other method gives you the opportunity to choose when to withdraw said investment and in which currency to withdraw it, that is, it is a little more practical or so I consider, because you could manipulate your assets at your whim and play with the market, something that cannot be done with staking. Now, I think that the type of investment that you want to make is left to the discretion of each person and what has been studied for both cases. But if you want to guide yourself a little more about which one could bring you better benefits, you can read this article that talks about staking and its difference in terms of investments, so that you can have a better vision of which one to choose. Personally, I prefer investment where I can have access to my money. Source: https://www.forbes.com/advisor/in/investing/cryptocurrency/what-is-staking-in-crypto/https://mudrex.com/blog/benefits-of-investing-in-cryptocurrency/
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The possibilities of default of the Russian ruble do not make "scam" to the official and consolidated currency of a nation, it may be a volatile currency negatively at present but to assert it as a scam is too severe, it is like saying that an entire country does not exist or that it was falsely created only to profit and that is too far-fetched, beyond this and as mentioned in other answers, it is necessary to separate feelings from reality and above all in the socio-economic aspects of any analysis, and with this to understand that the Russian ruble is an aspect linked to a nation that in this particular case will see its currency plummeting because the West punishes in this way the actions that do not serve its interests whenever it has the possibility.
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