How do you guys emotionally balance Bitcoin?
At some point you simply just get tired of refreshing your portfolio that you just ignore most price movements. Though I'll admit that in extra-volatile times, I still refresh CoinGecko a lot — but I don't make impulsive buy/sell decisions. |
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yes, now is a good time to buy bitcoins. but in buying don't be in a hurry because now the price is increasing, so wait for a correction when buy.
or maybe just accept the fact that 99% of us can't really time markets and a better strategy would simply to just do dollar-cost averaging. https://dcabtc.com/ |
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Any good advice on this?
- focus on tech and use-cases - don't focus too much on price, the investment side, and especially on the trading side - at the end of the "seminar", give them some reading materials - and best of all, make sure you're giving them accurate and legitimate information Some good education materials in my opinion: * If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj
Security related:
* https://cryptosec.info
* https://www.lopp.net/bitcoin-information/security.html
If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters |
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Those who view bitcoin as ponzi schemes are few now.
It's still pretty high. The e current issue is skeptism
The issue isn't skepticism — because skepticism in general is very good. The problem is people being skeptics while making conclusions based off little to no research at all. |
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Doubt it. Bitcoin has pretty much been a household name for a while now. A lady wearing a bitcoin-themed dress wouldn't suddenly make people say "omg bitcoin I'm buying now!".
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Idunno, let's probably not underestimate how rich some of the earliest bitcoin whales can be especially when bought in the single digits or cheaper. I totally doubt this was a mistake.
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Bitcoin/cryptocurrencies being the only currency in whatever market is a pipe dream. While I think bitcoin will gain market share over currencies in general, governments around the globe would definitely not allow their local currencies to die.
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Invest in a project kung maganda ung use-case at may pag-asa lumago; hindi ung mag iinvest dahil lang pinoy ung founders. Kalokohan naman kasi talaga ung lodicoin in the first place — parang memecoin lang kumbaga.
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I think I've become too used to autocorrect now so my issues will be the opposite if I ever turn back. I write lengthier posts on PC or more advanced ones (eg with code) but most things are doable on a phone once you're used to it.
It's totally doable when just making a simple reply regardless of length. On the other hand, if you're conversing with multiple people and quoting multiple replies and concatenating the replies and stuff, it becomes a total nightmare. Similar to when posting images. |
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We are permanently in a state of digital warfare, where people are targeted even without prompting. I think it probably was not necessary when Bitcoin started, or even 2-3 years ago it could have been called "somewhat necessary"...but now, I think it is definitely necessary. I have done a lot of research and reading to support this view, trust me!
Under the wallets section would be most viable to relating it to Bitcoin (as cybersecurity in terms of Bitcoin is to protect your wallet and funds). Though (and I know aesthetics is not a primary focus for anyone) I think it aesthetically won't fit well there considering all of the other boards are for specific wallet software rather than subject/topic categories. I do think it deserves to be at most a sub-board, rather than a sub-board of a sub-board. Where it fits is challenging.
Yea a reconstruction of the Wallet section is great as well! Instead of Bitcoin > Wallet softwarea better construction would probably be: Security > Wallet software > Bitcoin walletsSo we can have other things like Security > Internet security general, etc |
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Not sure if one is necessary, as they can pretty much fall under the Wallet software section. https://bitcointalk.org/index.php?board=37.0On the other hand, such a section would probably be good for things like the LastPass breach, etc which aren't necessarily bitcoin/crypto-related. |
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It's either just going to be a computer/laptop, or a tablet. Whenever I try to reply to people through my smartphone(with quoting and all that), I almost always end up wanting to knock my head against a wall.
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Some people live in repressive environments where a hardware wallet cannot be brought or even smuggled in without seizure. Not on a country level, but at a community level. So software-based airgapped wallets like Sparrow wallet server provide necessary stealth for them.
Yea of course it will vary from person to person, but most people definitely have access to hardware wallets — they just don't want to put in the effort because software wallets are simply better UX. As for people in countries with crypto banned, yea it's going to be tough. |
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Just bitcoin, for holding? A paper wallet is enough for that if it can be setup properly. Electrum on an airgapped device can be used for that as well. There is nothing safe like cold storage. Although, a hardware wallet can be used as cold storage too.
Sure a paper wallet or an airgapped device can work just as better. But the question is — what percentage of the masses are capable of using such a setup? Definitely a very small minority for sure. |
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Even more ridiculous in this case since the user owns a Ledger device, but just didn't use it.
It's the classic "I haven't been hacked yet so I won't get hacked" or "my computer is secure I won't get hacked". People being complacent because of easy-recovery on web platforms has been a very dangerous precedent. |
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I don't got why like a huge majority of bitcoin/crypto holders wouldn't just buy a Ledger/Trezor. If they just use a reputable hardware wallet and just keep the backup offline, that's pretty secure enough for long-term holding. But nooo, most people wouldn't want to pay a measly <$100 for security.
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What about the inflation and recession? Do you already forget the bigger problem than the crypto company collapse. This problem start everything last year while these collapse company is the result of the downtrend pressure made by the inflation. I believe these company will not gonna collapse if inflation never hits timing with the bear market since they will have steady flow of profit from crypto investment when crypto price is on the positive price.
It's not bad to start buying now but just make sure to don't all in. I really like the DCA suggestion but I don't see any positive news that will continue this temporary rally.
These companies didn't really collapse because of inflation — they collapsed because of being atrociously careless and being over-leveraged; at least if you're referring to FTX and the other companies that have been affected by FTX. |
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Best of all, sticking with your plan. It's easy to have such a list and plan to follow it, but actually following it in the long-term is the harder part. People often underestimate how emotions(fomo, panic, etc) can easily mess up a person's plans.
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Simply slowly but surely put money in, regardless if price is going down or up. Take note that it's an "investment", there's a chance that you'd be down in terms of paper profits in months to a few years. The goal is to be in the positive after a couple of years. https://dcabtc.com/ |
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