There are people whose attitude is that when they want there is a way and when they don't want there are many reasons. Only these two people will always fall if we have something we want to share with them.
And there's a lot of that here in the Bitcoin community, and it's true what you said that most people who don't have enough money have more time than those who have enough money here in the crypto space that we're in.
Nah. Just because those people don't show themselves around social media does not mean they don't have time. There are plenty of rich ladies and gentleman around the internet that could be reading our comments right now and they won't bother to respond to any of our replies. It's just not everything you see around the internet is really true. How did you conduct your study to come up with this? It would have been fair if you use "some" instead of "most" in your statement. By the way, how do you feel learning without practical? Discourage I guess.
No sane human will invest and ignore to follow up unless the money invested is not much. It makes more sense when you're learning, you should have money to invest as well in order to see the practical aspects of what you're learning else you'll find it difficult to continue learning in the long run. Your learning will be in vain if after all the efforts, you have no money to invest.
I'm not saying you should not learn if you don't have the money thou but have money to invest and learning at the same time will trigger you to learn more since you won't be happy to lose your money.
It could be just a rough observation with immediate conclusion, I suppose. It's kinda hard to conduct any crypto related study around the globe as there are surely an inactive users. |
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Don't get me wrong. I am not condemning buying of signals perhaps it would be more accrue-able, profitable and less vulnerable for you if you're knowledgeable in crypto trading and decide adding up with buying of signals if need be. Learning about crypto knows no boundaries.
I learned more in applying my knowledge in trading back in the days. I think that's more than enough for everyone on what to choose between choosing signals or having a trading knowledge. Having signals would just be another pain instead of just going to do your own research. In cases of tight assurance, I would guess that would be the best for buying signals though, but it shouldn't be like a habit. |
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I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.
Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.
Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.
Well it depends on how "privileged" you are actually. Some even don't have the access to just learn investment at all even if they really wanted to learn. It's not just having the money to be able to learn new stuffs just because they the means to do do so but also knowing on what the person really needs at that condition. This is a very important topic because the majority of newbies always tried to start as soon ad they hear about Bitcoin, and 70% of them will did some wrong steps that could lead them to lose money and sometimes get scammed, people must start learning about everything in crypto and how to profit from opportunities before putting money on crypto otherwise they will lose
I wonder where you got that "70%" though. There are still newbies like me back in 2017 that just proceeded with caution because I know that crypto isn't something to just f around. |
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I can recall people saying back then where.. The best time to buy crypto was like a decade ago, second time is right now.
This was just a rough quote that I could remember and they were....right! No need to feel left out if your friends are talking about crypto and their success stories. Just have fun learning in your own pacing. For recommendations, just read stuffs around here especially the news about Bitcoin. Can't give ya resources since I am not really learning by textbooks, but rather application. For success stories, well I wouldn't call myself successful but I learned a lot in my investment since 2017, lol.  |
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Many people think that AI is the future that will soon replace almost all human tasks or work, in some developed countries AI has succeeded in replacing humans and slowly AI expands for a lot of work, with these big prospects, of course, it certainly makes many people think that the AI project is It is very promising that it tries to make an AI project, unfortunately sponsorship or funding support is not enough to survive so many are bankrupt.
Every single AI out there depends on two things, the data you give it and the quality of the data itself, this means that even if we have hundreds of different AIs trying to achieve the same goal, the AI that is superior on those two aspects will also produce better results as well. And more importantly the difference in performance will not be small, so there will be almost no reason to use an underdeveloped AI when you can use the superior version and obtain better results, and this means that most of those AIs will disappear as they cannot compete with the AI at the top. But it is a fierce competition still in AIs. AI is just going to move forward just like how every software either gets rewritten again or migrated in another language just to be competitive with almost every product of software companies out there. Man, before ChatGPT I can still recall some software that generates UI in web dev like Dreamweaver. Also it is worth noting, just like what I previously mentioned here in the thread that even if devs would give limited data to an AI, self-learning AI is also a concern hence there are people that are even scared of robots getting self-aware. |
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You can fulfill your dreams but it has to be cyclical. Your pizza restaurant dream will come true but you will have to accept fiat money and send that money out of the country from where you will receive bitcoin again.
You can also store bitcoins in other ways, such as collecting bitcoins with a fiat portion of profits and holding them for a long time. Then your dream will come true and since Bitcoin is illegal in your country then you go ahead to fulfill your dream. And don't stop working, keep going. And keep accepting bitcoins like this with honest courage.
That would be kinda costly for the OP if you think about it. Running a business has plenty of processes and let alone having a pizza business to be specific. Being able to hodl Bitcoin would be the last thing that you could possibly worry about considering that there would be plenty of stuffs to talk about such as auditing. There might be questionable stuffs when you start to accept crypto so suddenly unless you're just into small businesses which is another discussion. @OP I would not risk getting myself behind the bars if I were you. Good thing that your ISPs hasn't banned every crypto sites including this forum though so at least you got that. |
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That's true, a lot of people I've seen complaining about their exchange accounts getting compromised and their assets being stolen because they have been keeping all their assets in their exchange account which is a big mistake, someone should only keep a specific amount of money in exchange, the money that they use as their trading capital if they are making trades regularly.
If someone doesn't make trades on a daily or a regular basis, they should simply keep their assets in a non-custodial wallet where they will be the only ones to have access to them and no one can access them unless they leak their seed phrase or private keys.
To be fair, it's kinda hassle for some people to move in and out their funds between exchange and their wallet and to be honest back then, I was like that when I was day trading in Binance. After I learned the horror stories of people getting their funds frozen, I started to slap myself so bad that I would not do that every again. It's the worst thing you could possibly encounter aside from being scammed around crypto. Just recently I found out that my local web wallet has been upgrading the wallets and I just found my funds being moved from another app and my heart almost sank finding that out. Good thing that I did not lose the funds though. |
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Is there a tendency that it would become the generally used currency worldwide?
I don't know how others view it, but I don't think it will ever be. No matter the amount of adoption that Bitcoin will gain, I don't think it will ever be enough for it to gain such acceptance. There will always be one or two governments that are against it and, as such, won't want to accept it as their international payment option. So I guess it's a big no. This is just like asking if Bitcoin is going to replace a country's world currency, which I recently elaborated on in a recent thread. It will not and let's keep it that way as long as there are governments trying to put into stop into Bitcoin. See how every KYC out there becomes like a pain in the ass just for the sake of compliance to the authority that regulates the usage of crypto? Yeah imagine if almost every single method of being able to use Bitcoin out there now requires KYC and you're not allowed to do P2P or else it's jail time. It's going to be co existing for sure with fiat money just like how bank cards do. There were plenty of threads about this back in 2017 about replacing fiat money so surely people already knew the answer that time.  |
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Not good to get always criticized since it cam drain out our energy since we would think about that we don't do any good on the careers we do. But you should also seek the reason why people criticize you since from this maybe you will get an idea about what are the things you need to fix and enhance so that you can do more better then next time you would earn praises coming from your colleague's. We need to work more to enhance our knowledge on something we are interested to broad up our knowledge and that can help us gain more profit in future.
To be honest, yeah. Getting criticized sometimes can get into our heads and just bring our motivations down to be better. It depends on what kind of criticism though. There are some users here criticizing just for the sake of bringing the other users down and it does not help anyone even in the slightest bit. Just for the sake of "that user" him/herself. In my job, I usually get criticized in the way that it encourages me more to try especially that software development is really a large field to get into. That does not mean my thick skin isn't ready for some bullshit criticism though.  |
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Even on high ranks we still get a joyful feeling when we received merits. It does means that we are beinf helpful or someone must have like the response or topic that being shared. Receiving merits are one of the best feeling when you are here in forum and I understand what you means since you have a goal to rank by means of merits. It will eventually come anyway, just be motivated always and do your best to contribute in this forum.
Although I don't look too much on my merit count, whenever I accidentally notice changes in my merit count, it feels like an interaction already even if I don't get reply/ies in my post. It's nice to somehow meet an internet stranger sometimes. Even being a Legendary, I like it when I receive merit(s). It shows that you have contributed something which others appreciate. That's what the main goal of this forum is.
Make your contribution and let community decide if it's good or not. If it is, they will show their support with merit(s). A newbie getting merit is a sign of progress on his/her understanding of this forum.
Reminds me when I get an upvote in a 4 year old comment I made in Reddit. |
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As much as I agree with your statement, we still never know what CZ is even thinking in the future, considering that most of us don't know him personally nor his plans nor what he is thinking right now. I used Binance before and had no problems when I day traded there, but that does not mean that I would entrust my whole savings to an exchange that could either be hacked or be zeroed by an insider. We can't literally just trust anyone here in the internet. look like you don't believe someone in the world. but why are you still here and creating posts?
I don't think so, not all exchanges will scam you, you have to choose it right, and you have to do your research and study before making a decision. Because not many stores and shops will accept Bitcoin as payment, we still need cash which we can get it by swapping it on an exchange, Yes I know we can use decentralization exchange, but is more complicated if you not tech savy, because dex exchange like Bisq still need a detailed setting which we can not directly run like centralization exchange.
So, if you don't live in El Salvador you have to change your mind now because you still need an exchange to swap it to fiat.
Sure, not all exchanges will scam you, but the question is, do you trust the people behind the exchange to keep safe your money? Aside from the claims of people around the internet that you don't even know who they are in real life, what's our ground that the exchange will not freeze your funds and run away with you left in dust? I am not talking shit about exchanges, and I would still use their service if I decided to day trade once again but I am just being real on why should we trust too much about something that we don't know who's behind it. |
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To be honest, I find their English hard to understand and I wouldn't really take seriously videos like this one because I think most of the time they just pay some money to say this or that in video. It's also curious that most of them time when people are asked with this question, no one asks back what is Bitcoin or what's the price of bitcoin or how can they exchange it, that's why I don't believe in the authenticity of these videos.
Yeah I kinda felt the same. It kinda looked like it was staged based on how the respondents responded to the speaker. Bitcoin is so wide for a topic that asking someone about it would guarantee you another question back, lol. Along with their local language, it's kinda hard to understand as well based on their tone. Props for the effort though still. At least people still got an exposure to Bitcoin around Facebook. Judging from some of the interviews, they don't fully understand crypto or Bitcoin and even don't know it at all.
When the host gave a choice of 2 Bitcoin or 2 million Naira, the man chose 2 million Naira as the top choice because he only saw the amount of money, not the price of Bitcoin when converted.
Assuming that the video was authentic, in opposite of what I assumed previously, it will look like that they do not have an idea at all when it comes to crypto. I would expect the same answer even by ETH, unlike when you ask in US Dollar equivalent though. |
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Bitcoin now is a profession? I did not know that until I read this thread. In a serious note, company that integrate Bitcoin as payment can be the best job or career for women if it meets their passion. As far as I know, any job or business can be the best career if the person involved is passionate about it. Since the person can strive harder and persevere more since it is her passion. If ever a woman can find a company that allows them to work from home, then that would be a good deal since she can still care for the households while doing her job.
I mean Bitcoin is still a currency and it isn't literally a career to pursue by people, not just women. In regards of those "stereotype" stuffs, they thought that the life back then still applies til now. Life is an ass these days and even having a single job might not cut it for those who even have families. Me, as a man, would still love to do some households along with my significant other while we work at home. |
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One of my friends asked me a question regarding why I am trading and investing in cryptocurrencies considering that there is no central authority and no physical entity involved. They were concerned that if the internet were to go down today I would lose all my investments.?
They also asked why the currency of cryptocurrencies is valued so highly.?
I thought why not discuss this with my senior. I would like to hear their opinion on this matter.
I mean he already answered his own question. There is no central authority and no one gives a crap on how much you hold. People think that having someone in authority to handle their money is the best way to go while in fact it's not. I am pretty sure when the internet goes down, there are far larger concerns that caused the internet to go down and your investment would be the last thing in your mind at that point, don't ya think? |
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We're kinda opposite, back then I was kinda interested in Doge coin since it was like a popular meme back then and I thought that it would be a serious deal to buy that until I found out that there are so many meme coins flooding the market and I was like noping the hell out it already.
Considering that I am a long-term investor and I do have 9-5s and do not have the majority of the time to deal with my portfolio, it it just not worth it. I even attempted day trading back in the days and meh.
If it is through swing trades, I'd say memecoins still has "it". Large meme tokens in this industry are still having quite of a volume in comparison to other altcoins which means these coins are still good for trading if you would be able to determine the correct price action. But with long term holding or investment, I highly doubt. As we all know, meme coins in the first place has no utility so how come there would be a consistent demand on such coins, and will have a continuous or progressive movement on its market value? If it is just potential in general, then for sure it has 'coz it has popularity. But pitential would mean nothing if there's no reason to push it through. Well in the short-term, yes. Swings are the way to go for that, but many investors in here are in for the long-term considering that many have 9-5 jobs and do not really have the time to continuously trade in the whole day just like the hindrance I encountered when I attempted day trading. To be fair, there were somehow utility for meme coins, but not really what they were made of. I believe some people mentioned that Doge were used in casino. Somehow there were still some uses to it, but surely every crypto coins out there could be used as a currency in casino anyway. Edit: Fixed wrong quoting |
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If you get tired of holding Bitcoin it's because someone who told you about Bitcoin lied to you about getting rich with Bitcoin, they probably told you that Bitcoin is risk free and you don't have to hold for years, whereas it's the opposite.
I will never get tired of holding Bitcoin because I am not new to Bitcoin, I once sold too early because I was tired of holding Bitcoin, but now I am differently approaching Bitcoin investment, I have a bag for profits taking purpose in the next bull market and I have a separate bag for long term holding, retirement fund.
Well to be fair, the worst thing I could hear from other people would be that there are no risks involved in crypto although I never really heard someone said that still. At the same time, to be fair, you can still hold Bitcoin in the short-term and somehow still earn from it and it could still be worth it. The fees just aren't worth it in the long run depending on your starting capital. We're kinda the same that will never get tired of hodling Bitcoin no matter what. It's not something that we really monitor 24/7 anyway. We'll sleep through our investment and like literally forget it in almost a year or two. It's my first crypto dump. But I'm calm down myself by thinking about past criseses
If you've been here for years, you shouldn't worry about any single "crises". Spoiler alert: I've been in here for years and even drops just don't matter to me no more. Keep hodling like usual. |
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Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC. One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet. it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create. Assuming that it isn't really something to troll the system of forum, I don't think it is even something worth investing at all in the first place. People/users would have the misconception of buying merit here in the forum when you think about it and that's a frowned upon act here as you know it. It's not even a good of a name if you would ask me. This looks like a meme coin since you are creating a currency after the merit system here without any direct relation or utility. This will not gonna be successful since most of the forum user will not gonna trust you or anyone who will create.
You can mint your own token with cheap amount on BSC and other blockchain with small fees. There’s a lot of open source smart contract out there that is available. That estimate price is for hiring a developer to write a code for you from scratch while your target token is just plain token like tokens being airdrops on any blockchain since it doesn’t have any utility or other feature like token burn and tax.
It's going be like an internal meme here in the forum since not all people had any sort of idea on the "Merit" stuff going on in here and they would think the word "Merit" as just another stablecoin or any coin that does not have any utility at all just like you said. It's not going to last long. Maybe few hypes around it, but that's it. |
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This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai. What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years? It's going to be like those scenarios here in my area where almost every coffee shop are popping up here in my country. Right now, hell like I know if there would be AI writers here in my area within few years, but I know surely that those startups aren't gonna last long. The competitions is just so fierce that I don't even know what brand would I prefer, lol. I do have a gut feeling that there would be a leading brand for these though, just like how popular ChatGPT became and it became a well-known interactive AI while back then we all have CleverBot. The percentage is very harsh but I think they have a point since most of the startup is just a copy cat project that just want to benefit on the AI hype. It’s same scenario when NFT, DeFi, Meme coin and other trend in crypto space that got wipe out after 3 years more or less.
Oh yeah, those old hypes that just died down. This is a bit different scenario though since it affects not just crypto but every single non-crypto businesses as well. |
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So patience is the key here, or just continue to stack sats, just look for the long term perspective. For sure those who have seen the previous bear/bull cycle knows what to do and has a lot of mental toughness.
Man, I can even recall back in 2018 just like how you described it when Bitcoin just really dropped down to around 3-4k that time. Panic selling were almost selling since they thought it was the last time that they would even be able to buy Bitcoin. I gotta be honest that I kinda panicked almost at that time. Huge drops these days aren't really that much for me now and knowing that I want to hold in the long-term and I even fell asleep in the news already lately, I would be fine. There are just people these days that are really into quick rich schemes. They need another Musk pump lol. |
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I tried to engage with him in his responses. I'm ready to have a debate with him. The problem is he doesn't reply when someone wants to talk against his stupid opinion. He simply put answer on quora and then leave. I have replied in many of his answer in quora but never got a reply.
Now, I'm getting more concerned because he is spreading negativity in most of the questions. What can I do? Is there anything legal step someone can take, any foundation working on such issue? Or how can I invite him for a debate? I can simply put him on ignore but I'm also concerned about people getting wrong message. That's why I'm thinking something different.
Oh Quora, I see a lot of terrible answers there and I am not surprised that you're encountering such stupid answers there. Even outside crypto, you'll see plenty of stupid answers there and anyone could just put titles into their names anyway in there. We cannot control how other individual thinks anyway. Don't worry about people getting the "wrong message". If they're really intellectual, they wouldn't just rely on a single source. We got Reddit, this forum, and even Youtube (even though I hate many crypto Youtubers). |
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