|
No.
I already posted about this here, but if you'll look at Bitcoin sentiment right now, people don't even consider it as a currency anymore. Everyone sees it as an investment and an asset to trade.
Besides, it's obvious that something that is as volatile as bitcoin, just can't belive in general currency. People will never use a currency that can drop 5% a day.
So it looks like that Bitcoin will just keep being an asset.
|
|
|
|
|
I'm sorry to hear that. it's very sad to see things like this happen.
That's why I always save money just incase something bad will happen to me or to my family, it's always good to be prepared for anything.
I'm sure you and your friend will get out of this situation so good luck to both of you!
And about savings, I live by the 30-70 rule, I spend 30% and save 70% every time I can.
|
|
|
|
|
Congrats man, you made a great decision!
Soon your dad will have enough money to build to houses!
Let's hope Bitcoin will go up as soon as possible for your father to see the results of investments.
He should be proud of you!
|
|
|
|
|
I think it's the right thing to do actually.
Some people, myself included, don't like talking about Bitcoin with other people and especially telling them how much of it I have. So I think you should just respect his decision because for some people Bitcoin is something intimate, I guess.
It's like with anything, you can force discussion of something on a person. And I also tink some people are embarrassed that they are into bitcoin because of the "influencers" and some public crypto persons who are just cringy.
|
|
|
|
|
This sounds great!
But I don't really trust this news, considering that officials hate bitcoin and crypto. they can block this decision pretty fast.
I think, as long as the government can't tax bitcoin, they won't allow people and companies to freely use it.
And I think right now we don't need it because adoption is moving very slowly, people are afraid of bitcoin because of the price and fluctuations.
|
|
|
|
|
Of course. It's literally the only good advice people give: buy low sell high.
And right now we are objectively at low right now, so if you want to get into Bitcoin, just go and buy it.
The price is great, so don't miss this opportunity.
|
|
|
|
|
I don't really think that Bitcoin will be legalized any time soon.
Don't forget that government hates all crypto because they can't control and tax it.
Especially right now, when, because of the prices, people are getting out of Bitcoin, there are not that many people who will oppose the government if it wants to ban crypto.
But lets just hope most governments will just ignore crypto and let it be as it is.
|
|
|
|
|
Any exchange can be hacked and while you hold crypto on the exchange, it doesn't belong to you. That's why people say "not your keys, not your crypto". So it's better to use wallets.
But if you just want to buy crypto and hold some of it on exchange and don't afraid to lose it in the wost case scenario, then use Binance. It's the biggest crypto exchange and it's available almost for everyone all around the world.
Bitfinex is a good option too, these are literally no drama around bfx and I think it's a pretty good sign.
|
|
|
|
|
Oh no, don't do that!
Only gift someone bitcoin if the person understands its value, because otherwise it would be considered as a bad gift and it's value won't be appreciated.
But if your wife is into bitcoin, I still woldn't recommend doing it. It's like gifting someone money, doesn't looks really thoughtful.
|
|
|
|
|
I hope this guy won't start selling it right now haha.
We already have a pretty big pressure on the bitcoin and the crypto market so it will send everything to hell pretty quickly.
But I think people like him will probably wait for bitcoin to go to 100k and beyond before selling even one coin.
|
|
|
|
|
It's cool and congrats on that!
It's fascinating for me to see how people use Bitcoin as a currency, it's great!
Can you share how successful it was?
Did you have any people actually paying with Bitcoin?
And what about the government?
Like how will you pay taxes with that and what kind of lows do you have regarding cryptocurrency like bitcoin?
I like to see people try it, but for now, there are not that many successful attempts to do it.
Usually, when people try to do it in the US, it cuts off pretty fast.
|
|
|
|
|
It's funny that some people just can't get into crypto because they are afraid to buy low but gladly buy high before the fall and sell it after because of the fear that everything will fall even lower.
The best advice is to buy every time price goes down or just DCA and HODL.
Just hold crypto and don't sell it.
It's an investment, not a quick buck.
|
|
|
|
|
You don't actually need an MBA to start a company. MBA is just a way to gain more knowledge.
You can learn everything you need online pretty fast, without wasting too much time getting MBA.
And you probably know that the best way to become good in business is to DO business. This experience will be WAY more valuable that any MBA.
|
|
|
|
|
If you want the safest way to save your crypto, then you should buy a cold wallet or remember the whole wallet seed-phrase.
Personally, I think there are no completely safe ways to save crypto. You always can lose the cold wallet, forget your seed-phrase or get your wallet stollen.
So just be careful and never tell anyone how much crypto you have and where.
|
|
|
|
|
It's hard to say right now how it's gonna turn up.
Right now, it seems like BTC won't surpass gold because it's fluctuating too much. And I think it's connected with the fact that people trade it like an asset very actively. So right now I don't see how bitcoin will reach the stability needed for surpassing gold.
I think silver will surpass gold faster than BTC at this point because demand for it is rising every year.
|
|
|
|
|
Well, it's not really true.
When Bitcoin become popular, dark web users started to use it 24/7. If you want to buy something illegal now, the shop will accept BTC 100%.
Before it was harder for illegal shops to get money from clients, but right now it's the easiest thing and no one can catch them because they easily 'clean' their BTC in mixers.
And the fact that bitcoin was created to take control of your own money without banks and government, already means that people who don't want to go to jail will use BTC.
|
|
|
|
|
For sure. Especially considering that our community treats it like an asset and trade it to get money.
if there is a risk and profit opportunity that doesn't depend on you, then it's gambling.
Crypto literally has derivatives lol, it's the best sign that it got turned into gambling.
|
|
|
|
|
There are no safe platforms. The safest way to hold BTC is not to hold them in a wallet or cold storage.
And even then you are not really safe because you can lose your device and stuff.
So it's just a different type of risk, but I think it's safer to just hold it in your wallet because then BTC belongs to your and not the platform and no one can't take it away unless it will be your fault.
But I think if you want to hold a small amount of crypto on the exchange, then balance will be the safest option because it's already too big to easily go down.
|
|
|
|
|
No. It's not.
With CBDC government try to create its own stable and says that we don't need Bitcoin now because we have the digital dollar lol. But they are not gonna win because no one cares about CBDC sh*t.
Everyone who knows what crypto is will use usdt or BTC instead of CBDC. This "stable" will be promoted as an alternative of BTC but I don't think it's gonna be really successful.
|
|
|
|
Couldn't agree more with you, mate. If people really want to make digital payments without having to worry about volatility, stablecoins are the answer. Bitcoin is deflationary by design, so it's meant to increase in price over time. That's not to say it won't lose value within the short term. If you're serious about making money with BTC, then I'd suggest you "hodl" it. Not spend it. The decision of what to do with your money lies in yourself. As long as you don't go bankrupt, nothing else matters. Maybe someday BTC will become the standard unit of account? Just my opinion  Agree! And it's interesting because bitcoin was created as a currency but become an asset that is unusable for everyday payments. But instead of bitcoin we got stables that are very useful as a currency and include USD/EUR stability and blockchain technology. And they still can't be controlled by the government. That's why no matter what people are saying about stables, I still think that right now it's the best way to pay with crypto in everyday life. |
|
|
|
|
Show Posts
