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I don't understand how value investing is bad just because a lot of people end up going bust. Investing isn't something that has a 100% win rate in the first place; it was never something that has literally zero risk.
And don't even get me started with the "you are not the house, you cannot win" part.
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It would be great to at least see some numbers or at least more details instead of just saying "I hodled the bitcoin" and some added fluff to make the post longer. This is barely an "update" my dude.
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I wouldn't call it a bad decision actually. The usage of Bitcoin had to start somewhere. If transactions like the 10,000 Bitcoin for a pizza wouldn't have happened, what would the actual utility that people ascribe value to eventually have been? Now speaking for the individuals and the concrete amounts sold back then, it was a "bad" decision, yes. But in the end it was the major precondition for Bitcoin to get going. Someone had to make the first step in order to demonstrate to other people what this is all about and evoke some aha-effect. Bitcoin started to get a price. Those using it very early on realized that there are others accepting it. Selling those 10,000 Bitcoin in exchange for a pizza might have been the best decision of his lifetime because that was his aha-effect and he started to stock up like mad and put thousands and thousands into long-term cold storage.
Of course it wasn't — simply because for people to be able to buy bitcoin, someone needs to sell it to them. But yet people regard it as a bad decision simply because the price is far higher today. |
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If I were to guess, it was far harder to be bullish on bitcoin back then knowing how little usage it had. It's easy to see how bad their decision was because we already know what happened to bitcoin's price. Hindsight is 20/20.
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Idunno — BTCPay seems pretty great in a customer's perspective, not sure if there's anything more I'd need to be honest. Now, the problem is probably on the store owner's side if I were to guess. I'm assuming that the likes of BitPay are far easier to implement to your storefront compared to something like BTCPay.
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In terms of security and trustlessness, Cold Card is probably the best on the top of my head; but the UX isn't the best in my opinion so I'd have a hard time recommending it to the masses.
For 95% of people that aren't so techie, I'd go with Ledger or Trezor.
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The difference is very clear but their are some person that don't pay attention to details. The sound and the spelling looks somehow alike and many uninformed persons might be deceived. In my country many people have been misinformed and scammed because some set of fraudulent individual choose to clone a particular product making it look like the original. Many shitcoins promoters claim that their coins are the same or even better than Bitcoin. That's why I always encourage anyone that engage in Bitcoin awarenesses projects because we really need them. We need to keep spreading the news of Bitcoin until it becomes a household name globally.
In this case, I personally don't think so. If you check their website, it doesn't seem to be trying to copy Bitcoin at all. And if they wanted to be masquerading as the "real" Bitcoin, they could literally pick other names like the hundreds of Bitcoin shit forks we have. |
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Now I get it, thanks for explaining better, you and @jackg, I don't know how hardware wallets function, I thought the only thing that makes a hardware wallet different from a hot wallet is the security side of things and also keeping the wallet offline.
Generating a wallet using a software wallet then importing it to a hardware wallet is like creating a PayPal account on a malware-infested computer then saving the password on a highly-secure Linux device. While your private keys are offline on the hardware wallet, it was already once online and could've potentially been leaked already. |
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Bridging has existed for a while now and Avalanche wasn't definitely the first.
But then again, your bitcoin isn't actually going to another chain because that's technically not possible. Just like wBTC, BTC.b is actually just an IOU, and technically is not 'real' bitcoin.
I'm personally neither for or against it though — I believe you're free to do whatever you want with your bitcoin as long as you're totally aware of the risks.
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I don't get it the point of this topic lol unless I'm missing something?
Question: How to increase capital for investments
Answer: Just save more money loooool
You're pretty much saying: "Thirsty? Just drink water lmao."
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I've always had problems with connecting my Ledger device to software wallets(mostly MetaMask) when the Ledger Live app is open. If you leave that app open(or any other app that connects to your Ledger), try closing it to prevent potential interference. I'm excited for the new Ledger Stax coming out. How about you guys?
Looks good but I can't justify purchasing one with that pricetag lol. Probably something I'd buy if I performed really greatly with my investments this year. |
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I don't know — but there's a clear distinction between bitcoin and bfiCoin. If a person doesn't see the difference between the two, then he's bound to lose money in this industry.
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I want to know if it is appropriate to give this advice to my friend?
You're pretty much introducing a person to Bitcoin as a moonboy, not as a person who's actually interested in the movement. Why advertise bitcoin as something that would pump anyway? Knowing that nothing is guaranteed in the first place. What if it doesn't pump? What now? Now you have a friend that over invested because he trusted in you. |
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Knowing how possible it is to recover a bitcoin wallet will totally depend on how much info we have concerning the private keys. If we know literally nothing and without having access to the owner's previous device, then the chances is pretty much zero.
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Investing in dividend-yielding stocks can definitely be a great move, but people forget that they need to actually pick ones that will end up performing well business-wise. Having stocks that give great dividend yield doesn't mean crap if the stock price is on a downtrend and if the business is slowly but surely dying. This is something that Warren Buffett did pretty well with Coca-Cola: https://twitter.com/DividendGrowth/status/1630613809839718400 |
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While being a millionaire is still a huge huge luxury thing — unfortunately due to inflation, the word "millionaire" doesn't have that much of an 'oomph' as it had a decade ago. So just go ahead and paint a big red 'L' on my forehead. What a life.
You might've not made as much as the bitcoin OGs that over-allocated in the past, but I'm pretty sure you still did well holding BTC. |
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If we're referring to people in countries with decent currencies — adoption aside, people simply don't like holding/using money that's volatile; they want it to be as stable as possible. People simply want to pay for their daily coffee without worrying much about how much their "money" has moved.
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(Assuming your story is actually true)
I don't want to pre-judge, but the dude sounds like a long-con scammer. The ones that would befriend you and try to get close to you and all that, then will just end up conning you for your money.
That, or that he's just a total utter weirdo.
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I'm definitely not against raising money from venture capitalists, but it's funny how they from time to time shit on VCs on their podcast for investing in crypto projects, but yet here we are.
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