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June 01, 2024, 06:09:17 AM *
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21  Economy / Exchanges / Re: Are there some charges to use Bitcoin ATMs ? on: April 01, 2024, 06:47:47 AM
This concept has been here for quite a long while already and I've seen advertisements and clips about actual ATMs for BTC, ETH, and other crypto coins. However, I would think it's not really necessary to have one and to look at them the same way we see fiat. It's an alternative in the first place and of course, the charges for crypto atm transactions would be higher. I'd rather have them just in my wallet for trades and online crypto transactions. We're not in a time yet where BTC financial transactions are that mainstream that we can use it exactly as how we use regular money.
22  Bitcoin / Bitcoin Discussion / Re: We should be looking only at the brighter side on: March 30, 2024, 11:37:57 AM
There is always actually a bright light at the end of the tunnel..
If you do believe, and keep stead, your determination to achieve success.
Yeah without faith it is never possible to achieve anything good. Those who have believed in bitcoin for a long time have now reaped huge gains the sooner you gain trust the better for you. If the office finds you trustworthy then they will hand over the work to you trust you to gain trust you need to be sure to meet targets within deadlines and keep your promises.

People seem to forget the downsides of hodling btc or any other crypto. it's like saying that you only need patience to make your money grow given time. There are probably a lot more people who lost money than gained during BTC's emergence. People who also looked to it as something that could make them wealthy with less effort. It's easy if you have money to spare and can afford to forget for a long time but most of us normal people don't have the luxury of a very long timeline for hodling.

At this point, let's see how many would panic if BTC drops big time. I'm sure many bandwagoners will start selling off even lower than their purchase amount. It's a repeating cycle where the ones who can afford to lose and stay hodling wins.
23  Bitcoin / Bitcoin Discussion / Re: Bitcoin to the common man. on: March 28, 2024, 04:30:28 PM
If only the common man would have to be patient, then a guarantee of life long success can be attainable.

First Bitcoin is a currency that should be used for the payment of goods and services. But due to its volatility and its constant price increase most people now see it as an investment.  But I am not comfortable when people see Bitcoin as the hope of the poor or the common man. Many investors have made a fortune from Bitcoin because they acquired it cheaply and were able to hodl it for a very long time. Currently, the price of Bitcoin is high and one has to invest heavily to make a fortune from it.  I will say that a low-income earner will be able to accumulate a large amount of Bitcoin over a long period using the DCA strategy. The common man would have to work hard for him to provide for his needs, save, and invest part of it in Bitcoin. I agree that patience is important for anyone who wants to make some profit from Bitcoin because it is not a get-rich-quick scheme.

I'd say we're already past the time to seriously think about Bitcoin as something that can make you wealthy. The average man wouldn't be able to purchase one full Bitcoin. Yeah, you can buy at small amounts but then you still would have to deal with BTC's volatility. It took a few years for Bitcoin to be where it is now from a coin that was worth just a couple of dollars before. It needed people who believed it could go up in value to move up in dollar equivalent and get most people hyped. Or it could just be me since I know I can't own an actual full Bitcoin at 67k each. It's tempting to think that buying BTC is a common man's way to being rich, but Bitcoin isn't made to be that in the first place.  
24  Bitcoin / Bitcoin Discussion / Re: End Goal or Keep HODLing? on: March 26, 2024, 01:00:25 PM
There's a dilemma there since going back, we've seen how BTC broke the ceiling and dropped heavily countless times. Even if you have a target goal, most of us will be reluctant to sell since the potential for going way higher is always there.

Personally, for the few BTCs I have, I'd keep hodling. I've given up on buying Bitcoins and have moved to lesser altcoins with more volatile movement for my trades and new investments. I believe Bitcoin still has a long way to go, though I don't know the endpoint. A few years ago, a lot of us are laughing at people who say BTC can move past 1k usd. Then 10k. Now we're at almost 70k dollars per coin.  It just keeps proving many unbelievers wrong given time.
25  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a scam on: March 25, 2024, 02:55:29 PM
You see, not everyone would accept something new. A lot of people are bent on remaining with the old and never changing or accepting change. So, not everyone would accept Bitcoin. A lot of people, even though they know the fiat currency has the probability of failing, would still put their trust in it because the fiat currency has failed and picked itself from the ground many times. So, I can't really blame anyone

And another reason would be the risk that is attached to Bitcoin. People would call what is a scam, a scam. There's a high probability that their experience with Bitcoin was a terrible loss or maybe they've heard of stories from and about someone who invested their savings in Bitcoin and lost it all. You don't actually expect such a person to believe in Bitcoin anymore. Of course, they already know it as scam, and as such it shall be addressed.

The best thing is to leave people with their different opinions and perspectives. Do you, and follow what you want to.

Well people lose money in any kind of investment. And if they lose money, they tag it as a scam. In many cases, it only becomes a scam because people don't know how to handle or run their investments. Bitcoin, Etherium, Ripple, and other older coins are already established cryptocurrencies and they have people who made money and are making money out of them. So even though there are those seeing BTC as a scam, it's obvious that it isn't anymore at this point. It's just a little too expensive now for those who are just planning to buy BTC if you're not aiming for a long hold.
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