Question please: was the official question on me necessary? And was it wrong of me letting her know that I am a BTC investor? My conscience just keep saying "Hello man, you fucked up talking about BTC out there".
I think it depends on the country where you live. In our country, there are certain banks where it is permissible to discuss the income generated from cryptocurrencies, while some banks may not entertain such discussions. If you mention that your funds are from crypto, you may notice a change in their attitude towards you, and they may ask for further details. |
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As the bull run is right around the corner, most of us newbies have heard about it, and even the experience crypto enthusiastic knows how and what always transpired during the bull run, but the sad reality is that not everyone will gain from it, so my question is that what measures have you put in place to be among the beneficiary of the bull run?
Ever since I started learning about cryptocurrency, I have come across the advice of holding it until the bull run arrives. If you allow FUD to influence your decision-making, it indicates that you have not learned enough about Bitcoin or that you lack faith in it. We should start asking ourselves question like, how far have we gone in our Bitcoin accumulating process? If the bull run comes this week, how much can we milk out from our current holdings? if we had any.
For procrastinators, It's high time you all start accumulating Bitcoin aggressively through the DCA method, so that you wouldn't be left out from such an amazing opportunity.
Instead of asking ourselves about how much Bitcoin we have accumulated, we should focus on the potential rewards of holding onto it. By envisioning the future possibilities and opportunities that await us as Bitcoin continues to grow, we can better understand the value of our investment. |
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Thank god we all have a free will and can choose to tell or not tell basically anything we like. I feel that it is false to tell people they are not allowed to tell how much coins they have. If you are happy to share what you have then it is your decision. Usually people do post like "I bough my first 50 USD worth of bitcoin" wich is nothing bad and will not hurt you at all.
Stilll it is not wise to make everything you do transparent.
Merely having free will or not is not a sufficient justification for discussing this topic. The level of investment you have made in Bitcoin is equivalent to any other form of investment and thus should be treated as private information. Such details are not meant to be disclosed without careful consideration. Ensuring confidentiality is of utmost importance in such situations. |
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Congratulations on holding on to the stash and believing in Bitcoin. There are two roads that you have now, either keep accumulating to get to the target of 1BTC or offload your stash in the next bull run.
So you thank him for believing in bitcoin in the same sentence where you tell him he can dump all his BTC in the next bullrun. This does not make sense at all, since you either believe in bitcoin as a payment system or you are here for the short term speculation. Yes it is possible to believe in bitcoin and still trade it against fiat, but to accumulate and then sell everything ist just pure gambling. Believing in Bitcoin doesn't necessarily mean that you have to hold onto it for a long time. If someone invested in Bitcoin and made a profit during the next bull run, even if they just recently made their investment, they can sell it to experience their profit. This is not nonsense, it's common sense because why would anyone want to continue holding onto something when they have already made a profit? |
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I was reading about some cases of people who had many BTC at a time when it has low or no value at all, and didn't care about it, so they eventually lost their security phrases, or hard wallets and now it is lost probably forever.
I've read that the amount that is considered lost can be up to 5 million BTC. That is about 1/4 of the total amount available.
Knowing that BTC has a limit, and we're getting there soon, isn't it possible to have some compensation for those lost BTC?
Something like adding more BTC in an equivalent amount for those lost BTC, or something similar.
Would it be positive for the currency or could bring some caos?
That is not possible. Those Bitcoins will be lost forever and will never be moved unless those users have a miracle and get access again with their wallets. When you say compensation for those lost BTC, do you mean they will get a replacement or the missing Bitcoins will be added again to the circulating supply? Lost bitcoins can be recovered if someone finds the address's private key, is hard to find those keys, but is possible that someone will do so in the future. But is important to remember Satoshi's words about this topic: Lost coins only make everyone else's worth slightly more. Think of it as a donation to everyoneSo, lost coins isn't bad at all for the network. That's exactly what I said. If there's a miracle that they happen to have access again with their wallets, or simply find the private key on it, they can recover their lost Bitcoin. If not, there is no chance for him to recover it. Even if he try multiple combination of private keys, nothing will happen. |
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Cryptocurrency is gaining popularity among individuals who value anonymity. The gender or identity of those using cryptocurrency is irrelevant, as long as they do not wish to disclose it. People who appreciate the benefits of cryptocurrency will use it regardless of their gender or social status. There is no need for more influential women to endorse cryptocurrency for it to be accepted by the public.
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I was reading about some cases of people who had many BTC at a time when it has low or no value at all, and didn't care about it, so they eventually lost their security phrases, or hard wallets and now it is lost probably forever.
I've read that the amount that is considered lost can be up to 5 million BTC. That is about 1/4 of the total amount available.
Knowing that BTC has a limit, and we're getting there soon, isn't it possible to have some compensation for those lost BTC?
Something like adding more BTC in an equivalent amount for those lost BTC, or something similar.
Would it be positive for the currency or could bring some caos?
That is not possible. Those Bitcoins will be lost forever and will never be moved unless those users have a miracle and get access again with their wallets. When you say compensation for those lost BTC, do you mean they will get a replacement or the missing Bitcoins will be added again to the circulating supply? |
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I am new here few days ago I read post about bull market here. And I read everyone's replies and understood a lot and didn't fully understand. Tell me exactly what is the matter?
A Bull market is when the price of Bitcoin rises, and it gets its name from the attack pattern of a bull, which is to lower its head before immediately going up. Conversely, a Bear market is when the market price is going down and gets its name from the attack pattern of a bear, which is to swing its arm from the top and go down. |
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I find it strange that some people share the amount of Bitcoin they own with friends or relatives, hoping to encourage them to invest or teach them about Bitcoin. Their reason is often that they don't feel confident teaching about it without a demonstration. However, this is not an appropriate way to handle confidential assets. Revealing the amount of Bitcoin you own to other people is not advisable.
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Is this a joke? That Twitter account is not even the real Satoshi Nakamoto. Also, many people in this forum do not believe that Craig Wright is the real Satoshi Nakamoto because he only lies to gain popularity from those who do not know and understand cryptocurrency.
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Yes, and since they are in that kind of situation, Some people are uncertain of the best way to invest their money. This confusion can be compounded by the influence of family and friends who encourage them to spend it on activities that are enjoyable and fun. Without them realizing that the money they have will be easily spent.
this is the importance of financial education, i think education about financial should be free so people know what they are doing with their money, lets be frank here people who have no idea about how money work will just thinking about buying thing they want to buy by the means of saving, for financially educated people, that might not be the best. after all, if we can invest and get passive income instead, we might be able to buy stuff we need while retaining our capital not throwing it around. thats the advantage of being educated about finance, we know what we can do with the money in our hands, this is also the reason why people are really heard to get out of poverty, because lacking of financial education. financial education should take place first these days. Which is we don't. Financial education should begin in high school, rather than being limited to a specific course during college. It is commonly taught that students should work hard and finish their studies to secure a good job after graduation. However, there is often a lack of guidance on financial management, such as investing money and managing finances. |
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Many newbies got discouraged because they bought Bitcoins at the wrong time (when the price is high) and are in a hurry to make profits immediately. This quest to make profits immediately makes them to compromise and sell of their Bitcoins when they feel Bitcoin investment is not worth it. Bitcoin is a high risk investment, yea but it is only those who are not planning to embark on a long term journey with Bitcoin that often suffer this risk.
It is a common scenario nowadays for newbies to get influenced by others, who are often exposed to social media, and friends who boast about their sudden increase in profits by investing in cryptocurrencies. As newbies also want to make money, they follow the same path and invest when they see it, which is during the prices are high, without understanding the risks involved. |
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I just got a notification of BTC touching $50k. Is this the sign that the bull run is close?
It is hard to accurately predict when the bull run will begin or if it has even started yet. But, according to some experts, a correction may be on its way as Bitcoin has been rallying for a few days now. It's important to note that every time there is a sudden surge in price, there tends to be a correction, so it's best not to expect a continuous price increase. |
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That is because it's often a rare occurrence for the poor to have money. When they do come into possession of money, they may not know how to handle it properly. They tend to spend it on unnecessary things that they've never been able to afford before, rather than investing it. This is because they lack knowledge and experience in making financial decisions.
I have also come across poor people who have traits like that, but poor people are generally like that. There are definitely some of them who are smart at managing their finances even though they themselves rarely hold large amounts of money so they are not used to using money for important things. However, we also need to know that at this time not all poor people are stupid when it comes to using money, because a small number of them also know how to manage money well and spend it on important things without any obstacles. Yes, and since they are in that kind of situation, Some people are uncertain of the best way to invest their money. This confusion can be compounded by the influence of family and friends who encourage them to spend it on activities that are enjoyable and fun. Without them realizing that the money they have will be easily spent. |
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Why we should patronize investment over savings is that investmet provides more profit than savings. Let's take for example you save money in bank for 3 years, instead of making profit your money would be gradually deducted bit by bit for maintenance, transfer or SMS fee. But in investment like Bitcoin, volatility in Bitcoin will make it to increase, except the volatility is a negative volatile instead of positive volatility.
There is a misconception here. Leaving money in the bank account is also an investment, namely in the bank's liquidity. The bank pays you interest for this. This interest is not paid because the bank is charitable, but because it needs the money to build up its own equity and to issue loans. If the bank goes bust, the money is usually (partly or completely) gone. It is therefore also an investment to leave your money with the bank, albeit less risky (at least with stable institutions). Keeping your money in a bank account is not the same as investing, it is called Savings. If you choose to leave your money in the bank, you may earn a very small amount of interest each year. However, this may not be a very profitable approach that's why you cannot call it an investment. The bank is the only one that benefits from using your money, not you. Therefore, keeping your money in the bank is not an investment. |
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Often poor people like to be poor. They are given a chance - for example, a big lottery win - but they spend it all without investing anything in the possibility of a steady income. They buy villas, cars, furniture in huge quantities, without thinking that they have to maintain it all. In the end, the money runs out - and the balance sheet is a pile of illiquid. They sell the rest for pennies, which they also spend. Poverty is often a psychological problem
Poor people don't like to be poor, that's why they use all of their money to buy anything that they likes to impress other people. Actually rich people are like to be poor because when they're in progress to build their wealth, they're need to limit their spending and use most of their money for investment. Poor people don't like to be poor, but their mindset makes them to stay poor. That is because it's often a rare occurrence for the poor to have money. When they do come into possession of money, they may not know how to handle it properly. They tend to spend it on unnecessary things that they've never been able to afford before, rather than investing it. This is because they lack knowledge and experience in making financial decisions. |
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Your Bitcoin is vulnerable to being stolen only if your wallet information is exposed on the internet. This can happen if someone gains access to your private key or if you accidentally download a virus on your computer, which can compromise your personal computer.
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How do you guys manage to take a break in gambling?
If you feel stressed, take a break. Every gambler needs a break. What is the instances that makes you take a break in gambling?
There are many causes of stress, and even if it's unrelated to gambling, I take a break. I am the type of gambler who can't focus or play well if I feel stressed. I often feel tired of everything around me, especially when it comes to gambling. |
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For me, BTC is an investment tool that offers greater returns than keeping your money in a bank. When I was younger, I used to deposit money in the bank as a safety net in case of emergencies. However, due to inflation, I stopped doing so and started investing my money in BTC and other cryptocurrencies.
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Not really necessary have to lose before getting profitable in bitcoin investment, I think if you good knowledge and learning more step in trading you don't need to lose first before get success in bitcoin trading. I think bad educate by every one had much experience in trading when sharing to the beginner must lose before becoming success earn profit in bitcoin investment.
If the beginner have good knowledge and understand well with investing in bitcoin why have to lose? actually experienced will be good teacher but not necessary get loss to earn profit later.
But don't fear losing or getting risk with bitcoin investment when price dropping, you need keep controlling your self for believing bitcoin price will bounce to higher price.
Although having sufficient knowledge is important when it comes to investing, it does not guarantee immediate profits for beginners. While some people can make a profit, most struggle with applying their knowledge to generate returns. It is through experience that investors can improve their strategies and make better investment decisions in the future. |
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