Nowadays, maintaining complete privacy has become impossible for several reasons. One of the causes for buying and selling bitcoin. By using a decentralized exchange, you can trade in anonymity. However, there will be a connection when you buy or sell it unless whatsoever. When dealing with fiat, you must use bank or MFS services, where you must disclose your account information. In other words, even if you didn't submit KYC, the other end will somehow know your information. There is really no easier option, in my opinion. The CEX alone is not a concern.
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It's fairly common to put 60% of your portfolio into bitcoin. Thus, in my opinion, it's a respectable percentage. You must make your own financial decisions; this is not financial advice. No one in this space is qualified to respond to your other inquiries. What do you mean by a 100% loss? I'm not sure. Because Bitcoin would crash but not go to zero, you couldn't lose 100% of your investment. If the price of bitcoin drops by 100%, you will have lost 50% of your investment. So 100% loss and dump are not equivalent.
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During the previous bull run, adopting bitcoin was mainstream. But I haven't seen any significant changes that would drive the price of bitcoin so sharply for a very long time. The past year has actually seen a lot of negative news and events that have pulled Bitcoin back. I haven't noticed any significant developments in Bitcoin lately that would be sufficient for a significant push. Even a slight market adaptation by Switzerland has not yet occurred. The reason for this is that the current state of the world economy prevents us from anticipating a new adaptation trend.
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Remember that if you see a quick pump in the market, this could be a sign of institutional investment or the manipulation of a huge amount of money. If whales plan, there is a good possibility that the market will crash when they sell everything. However, if the investment originates from institutional investors, it won't be as simple to dump. On the most recent bull run, we saw how Bitcoin was vigorously pushed without a significant drop. However, the market begins to crash when investors cash out their funds. Therefore, we must watch the market to see how it responds. Big money never hurts the market. You must be aware of the situation.
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It's good to see you were able to pay your hospital bills informally using Bitcoin. I say "informally" because you would need to find an alternative if the doctor refused to take Bitcoin payment. It is disappointing that you cannot always pay with Bitcoin whenever you want. because takers are not obligated to accept it and it is not an official form of payment. You followed our long-standing practice, as we have done. Where required, pay those who accept Bitcoin. Without a doubt, Bitcoin has achieved its goals.
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Instead of thinking negatively, think positively to find the solutions. A decentralized peer-to-peer cryptocurrency, bitcoin. If you look into why the founder of Bitcoin chose to remain anonymous, it will be easier for you to understand why users of the P2P currency prefer not to interact in person. However, the primary reason I dislike showing my face is privacy. I don't like it when people find out how much wealth I do have.
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Expecting $1 for things when 1 Satoshi would cost $1 is ridiculous. How do you expect that the entire globe will stop when just Bitcoin is active? That won't take place, though. Everything will be upgraded if the 1 Satoshi price is increased to $1. There is nothing available for $1. For instance, I seldom ever see any goods priced at 1 in my nation. But before it happens, a long period will pass. As a result, Bitcoin should fork at that point to add more decimals. All miners should concur with that and take action.
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Actually, I absolutely despise NFT things and am not ready to utilize them for fucking. To convert an image to NFT is ridiculous. NFT on the Bitcoin Blockchain is absolutely disgusting. It resembles an attempt to kill Bitcoin. But I'm curious about who will use it in due to high transaction fees. Many Chain are available to deploy NFT, such as polygons. However, I continue to be curious about how NFT projects raise money from investors.
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It seems ridiculous. How might someone go completely cashless without a strategy? Cashless transactions ought to be optional, not required. Still, I haven't experienced a history of a poorer nation. In any case, requiring cashless transactions does not indicate that the nation has developed. The government ought to prepare its people for such a choice. However, I don't believe it will benefit Bitcoin. Because the Bitcoin transaction is also cashless. Anyone who has access to the Bitcoin then they can use internet or mobile banking. Not much has changed, then.
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I appreciate your efforts in obtaining Bitcoin investments. In fact, earning money while attending school is difficult. Since we are completely dependent on our family, there may be more problems if we are not much rich. But it appears that you hardly loved Bitcoin and were able to invest in it. Your decision to set aside money from your tiffin money and put it in bitcoin strikes me as wise. You appear to be purchasing Bitcoin through Binance. But if you're holding your money in Binance, try using a non-custodial wallet instead. On the centralized exchange, we have witnessed a lot of drama. Save the money you worked so hard for. Go to the forum more often and learn more.
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Whatever we may believe, the truth is that you know better. Proceed with that you can have a better experience. Since I am not very familiar with the stock market, I would prefer to trade or hold bitcoin. From experience, holding bitcoin for the middle term is preferable. Gain some funds, then buy back again. Therefore, you must decide for yourself what is best and easiest for you.
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I've never heard of this exchange. It's new to me, so. I'm no longer interested in any new exchanges because of the recent drama surrounding centralized exchanges. To be honest I don't use any centralized exchange other than Binance. I used to use a few exchanges, but not any longer. I'm not interested in taking part in any drama. Even I have recently stopped keeping any funds for the exchange. Therefore, I won't try it.
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A strong altcoin is not harmful to Bitcoin. But shitcoins and scam coins are a nightmare for the entire crypto sector, not just for Bitcoin. because people are losing money and money ended up in the scammer's wallet. And 98% of the altcoins on the market right now are scams. The funds are not being used for development or expansion. Due to the decentralized nature of cryptocurrencies, fraudsters can quickly establish a token and raise money. The primary threat to the cryptocurrency business is that.
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You appear to be a old forum user. So, given your familiarity with Electrum, I should assume you are knowledgeable about wallets. Open source hardware wallets, however, are the safest option. It doesn't matter if you hold for a long or short time. It is actually completely safe and secure up until your seed is not compromised. Therefore, in addition to picking the safest wallet, it's crucial to secure your private keys or wallet seed. Spend more time on the forum to gain more knowledge.
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Best wishes and welcome to the board. I hope your first Bitcoin transaction went without a glitch. To help you understand more, I would rather spend more time on the forum. More crucial is secure Bitcoin storage. The best and safest action to take will be to transfer your assets to a non-custodial wallet. If you need assistance, feel free to share your situation here. There are enough helpful forum users to assist you.
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Yes, the current selling pressure is greater than the buying pressure. It's because Bitcoin has never fallen too far when it started growing this month. The fear among traders is that Bitcoin will take a step back and decline. So begin selling once it reaches $24,000. After the growing, this isn't a very emerge, though. Investors' minds would be bullish and push in that direction if Bitcoin exceeded $25,000. Short-term movement is rather positive, but it's too early to declare a bull run.
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Still a bear for Bitcoin, as a log run. Although Bitcoin is positive in the short term. Since there hasn't been a significant decline this year, Bitcoin's growth has essentially been organic. Because Bitcoin keeps growing without ever declining, we should proceed cautiously. Although I initially believed it to be a trap, it appears I was mistaken and it is growing. Given that it is impossible to forecast when the price of bitcoin will hit its lowest point, we cannot declare that it has not. Proceed with caution, especially while dealing with altcoin. Altcoins will suffer if Bitcoin crashes even slightly.
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I'm not sure how they will implement Bitcoin through an embassy where it is not actually allowed. Although Bitcoin is prohibited in my country, I'm not sure whether there is an embassy for El Salvador here. Therefore, even though there is an embassy, we cannot use it. Even citizens of El Salvador who choose to stay in my nation must abide by the rules. Therefore, I don't think it's useful in jurisdictions where using Bitcoin is prohibited.
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Bitcoin has been performing in a decent manner so far. This month has just one day left. Therefore, you can see Bitcoin's current movement if you compare it to its movement from the previous year. I think that the price of bitcoin is rising this month. Me included, many of us anticipated a Bitcoin correction. However, it didn't occur until now and priced about $23,000. Since the start of this year, Bitcoin has shown strength. As there hasn't been a price reset yet, I am hoping for the best.
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If you don't truly need a thread, why are you considering creating one? A thread should surely have content if you need to make one. You need to be more practical and capable of producing something the community would value. For instance, the state of the market today, its problems, its solutions, etc. You can also contribute your suggestions for enhancing the crypto community or ecosystem. I'll advise against starting a thread unless you truly need to. Avoid promoting spam here. Don't be so destructive.
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