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I wonder what price he got in at. Probably around 6k? That'd be a good 100% profit and that too for a large chunk. Some would say it's a bad trade considering bitcoin seems to be in the early stages of a renewed bull run. But as long as he's happy with the trade, then who's to question it.
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it all boils down to perspective. A newbie may see it as a risk but a person who's been in the space for a few years wouldn't view it the same way. Even the newbie will see it as less risky after few years. But what if his wallet gets hacked or he carelessly uses some unsecure software? His funds get stolen and he sees it as a risk.
Age matters too. A person in his 20s would be able to risk it all and lose his lifesaving, but a person in their 40s with a family typically wouldn't even dare.
Even bitcoin's age has a lot to do with it. In its infancy it'd been seen as more of a risk than now 10 years later...
So there are many different ways to look at it. Personally, if you're secure about the way you store your funds and use them, it's not a risk at all.
But being careful is the key.
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Apart from these games there are quite a few poker sites that also allow bitcoin to be used as a deposit method. There are a lot of advantages to this and makes playing internationally more seamless with less cashout hassles. There's a poker site called coinpoker which works on its native cryptocurrency as well.
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it has been so for the past few years even before the pandemic. The currently global situation and the Fed money printer going Brrr give it all the more credibility. But if you ask me, there's still a long way to go. At the end of the day, more power to BTC.
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Although Electrum is my go-to wallet, be wary of using older version of the wallet and always get your update directly from electrum.org
A user recently lost $16 million when a pop up from a scammer asked him to update his electrum wallet which led to his funds being stolen.
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lol that's a sly way of getting people to know what bitcoin is. About the shady advertising, there'll unfortunately be a lot of it, but that's part and parcel of businesses looking to ride a trend and make a quick buck. Long term it's always honest communication that builds trust and business.
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If you're into the technical side of developing blockchains then it can be very lucrative, but I'm not sure how much fun it is to be a developer. There's many aspects to it though and there could be careers in the same space like marketing a blockchain or running its social media that don't necessarily mean you write but but are still in the same industry.
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in some form of the other, yes. Even if it's value goes to 0 there'll also be a recorded history of it on the blockchain, so technically it's built to last forever. The bet however is that it's here to stay AND has value down the line, which I'm sure it will have even 20 years from now.
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I remember reading about this. Apparently, Binance had step in to prevent the funds from being sold on its exchanges or blacklisting the address. But unfortunately, with a few mixers it's very easy to launder the money. Hopefully the guy's a whale and has $16 mil more hanging around somewhere.
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Instead of a web wallet that is free and easy to use. And completely insecure. And it teaches the newbie to trust an anonymous stranger with their coins, which is the exact opposite of what bitcoin was designed to do. There's a reason a lot of people recommend hardware wallets, and that's because they are a good balance of security and ease of use for newbies. If you teach a newbie to use a web wallet, who is then phished or hacked and loses all their coins, then there is no faster way to turn them away from bitcoin. Instead, teach them one of the basic ways to earn bitcoin which is micro earning where they can earn small amount of bitcoin like faucets for them to test bitcoin Faucets are pointless. You will spend hours filling in captchas to earn a few cents worth of bitcoin. We shouldn't be telling newbies to join signature campaigns either, and every time I see someone recommend a brand new account a signature campaign I cringe. Bitcoin is money. You can acquire bitcoin the same way you acquire any type of money. Get a job and earn it, sell a good or service for it, or exchange another type of money for it. instead, teach them the basic about bitcoin which is a payment method where they can use online or they can do a person to person transaction I'll agree with you here. We should be teaching newbies that bitcoin is money, to be used for payments and trades, and not just to be hoarded. Bitcoin isn't anonymous, anyway. I don't necessarily agree with bitcoin be viewed as only money. I find little reason to not view it as gold and where hoarding it does make sense. Both uses as a store of value as well as money are very possible. |
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It depends on what your investment timeframe is. How long do you want to be invested in it? If it's just for a quick buck then maybe a price above 12k may be too high and you should wait for a decent pullback to around 11k. But that being said, there's no good or bad time to invest in bitcoin. A pretty safe way to go about it would be to stay invested for a few years at least.
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To FOMO into the new DeFi coin only to see it go down 99% a year from now. Also, what about starting a thread with more "Why did the chicken cross the road" replies... Maybe to start its own blockchain game - CryptoChickens.
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No better way to go than doing your own research. And yes, experience matters too. it gives you a sense of what sounds fake or scammy and you tend to stay away from those projects.
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Passive income is a feature of fiat money too. And even financial instruments like stocks or bonds that give you an interest. The interest surrounding it probably is a bubble, but the actual feature surely isn't.
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Bountyhunting was very popular back in 2018. I myself had taken part in quite a few. However, it's dumb to look at it as a source of income. At best, it's like a part-time effort to earn a bit on the side while you're doing what you do anyway - which is generally being interested in crypto.
It's understandable that due to the current global scenario many don't have a job. I'm very fortunate that i do have a job and not really dependant on crypto or even bounties. But even if i didn't, bountyhunting wouldn't be what i was doing to earn an income.
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It's important to do your research about every bit of news. The whole point of fake news is to pump a certain coin and you should look at why it's happening rather than just falling for whatever you see.
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Yes, I would say it's one of the reasons. But even generally increase in interest and transactions are a cause for it. However, things tend to stabilise over time, so the high fees won't always be a problem.
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Yeah it feels like a lot of projects are just jumping on to the DeFi bandwagon to get in on the action. It's always prudent to be cautious
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You post is very clickbait-y. Maybe try and post about reasons one should invest, what to watch out for, tips to invest safely, etc.
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