As crypto enthusiasts, we love Bitcoin and want to see it as a legal tender. But we always consider Bitcoin as a currency, and a few also consider it an asset. I agree with both; primarily, it's a currency, and when we store it, we may also consider it an asset since it has a store value. In this perspective, I don't think Bitcoin could play a role in reducing the inflation of a country. Most of the inflation happens due to corruption. So Bitcoin won't stop the corruption or war. Bitcoin could just serve as a currency, even if it becomes legal tender. Trading Bitcoin will be easier, but due to the high transaction fees, merchants will face difficulties accepting Bitcoin. However, we want Bitcoin to become legal tender so we can use it everywhere.
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Due to fees or whatever reason, Bitcoin won't become centralised because it was designed in a decentralised way. A major part of Bitcoin would be handed over to centralised organisations if the fees increased significantly and the general public couldn't afford the transaction fees. But I do not expect this situation to occur; there will undoubtedly be a solution. We saw a few days ago that transaction fees were very high. But it was affordable, at least. Developers will find a solution to transaction fees.
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I regret it when I see that a noteable social media account has been hacked and a lot of money has been stolen from followers. Though this responsibility goes to the owner, they ignore it. A few follower blindly believed them, and that's how they ended up with a big loss. I admit that due to greedy behaviour, we have always been losing funds. So we should be able to detect something between a hack and something real. We should be able to identify suspicious things on social media. We have to cross-check if the shared data is real. We can check their other social media and websites. But due to greed and laziness, we don't do it. As a result, we become victims. So we must be very careful and learn a lot of things to save our funds.
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When you are a newbie, you should have two things: patience and ignore power. Because patience is a common thing in our lives, we always have to wait for something with patience. Good things always won't come faster anyway. The second is to ignore; you have to ignore bad things and criticism from the forum. At the beginning, we won't have any proper knowledge anywhere. So for the forum, also the same. Due to our unfamiliarity with the forum culture, we may make mistakes. We have to ignore when someone criticises our mistakes and should learn from them. That's how we have to focus on learning and become an established member here.
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Usually, bitcoins massively move up after each halving. If you deeply observe the chart after each halving, you can notice that. So I think only two months remain for the halving, and after that, we may encounter a significant move on Bitcoin. Even before that, until today, we have seen Bitcoin pass the $54K zone, and anytime could surpass $60K. Most likely, due to ETF, we are seeing the current green market. So from my experience, we may see a new ATH at the end of this year if everything goes like previous history. Means the history should repeat for a new ATH.
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For me, Bitcoin started a bull run when it crossed the $30K zone. Still, it's been growing; even halving hasn't happened yet. I think, due to Bitcoin ETF approval, the bull run is going fast. Those who accumulated in the last bear season are happy now if they hold on till now. Today we have seen a significant movement on BTC. I am not sure if there is any other reason behind it. But it seems Bitcoin is not going to dump soon before it passes the previous ATH and records a new ATH. I hope soon the most-awaited ATH comes.
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Are you sure eBay is offering to sell or buy Bitcoin? From curiosity, I searched there, but I couldn't see any option to buy or sell Bitcoin there. Just make sure you aren't going to be deceived by scammers. There is no need for any secret words to buy bitcoin. Secret words or seed phrases are for securing your wallet. No one can offer such words to sell. If you find something like this, it means they are scammers. Who has access if the seed phrase means he has access to the funds? Just try to find a legal way to buy Bitcoin. You may use P2P services to buy Bitcoin with your local fiat.
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This is something that I learned for the first time. But it is good to see Bitcoin placed at number 6 on the capitalization list. It's hard to compete with a thousand years' worth of fiat, but Bitcoin did it. I will not be surprised if we see Bitcoin at the top. But whatever Bitcoin did in a short period of time, it's really amazing. A decentralised cryptocurrency without a guardian fighting with centralised fiat currency. That's a reason why centralised governments don't want to adapt Bitcoin directly.
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However, investing for a long time and trading aren't the same. So for those we are trading, we do not often follow the DCA. No doubt, DCA is the best way to build our portfolio. We can get a high return once a year if we can hold it for a long time. DCA seems like traditional Bank DPS system, but Bitcoin DCA investing return would high. For newbies and middle-class families, it's hard to invest a large amount at once. So the DCA is the best way for them. It doesn't mean we can't follow, but it depends on our goals.
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To be honest, I don't see reasons for me to mix my Bitcoin. That doesn't mean I don't care about my privacy. Of course, I am concerned about my privacy, but how will others know about my holdings? Let's say I withdraw from Binance to my BTC address. So they know who owns this bitcoin. What makes that risky for me?
just a few examples Your government can ask for insight in order to collect taxes. Some insiders can sell your information to bad people from your environment, so if you have a significant amount, it can create a lot of inconvenience in life. If you were to sell the house and get cash, you certainly wouldn't feel safe if everyone around you knew you had xx amount in your hands. I can understand, but let's be honest. Do we have the best place to trade crypto without providing your identification documents? There are a few decentralised exchanges, but they are not very popular. So most people have been using centralised exchanges, and funds have been traced. We can simply cut the transaction by doing a P2P trade. It's not necessary to depend on mixers alone. Exchange can trace only where you withdraw, but they don't know actually who owned the address. Just use multiple addresses and cut the transaction history.
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It seems OP wants to be quick rich and wants to earn even while sleeping. It was an old slogan by Ponzi schemes. I don't think there are so many Ponzi schemes on the market. But due to the green market, scammers would be active again, and you might find so-called cloud mining or high-yield sites again. If you want to experience a scam, then you can invest in so-called cloud mining; otherwise, stay away from that. No money-making machine yet to make you rich over the night.
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I am interested in your exchange service. Often, I need to exchange USDT for USD in US bank account. It would be through ACH; it's a personal savings account, and the bank's name is Regent Bank. So I am curious about your exchange rates. So please let me know the procedure and exchange rates. If there are good exchange rates, I might use your service regularly. Reply here or DM me for more details.
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I will prefer that you don't wait for Bitcoin returns to perform Hajj. If you can afford it, send your mother to Hajj as soon as you can manage everything. Whatever you are investing in, keep going, and once in a while, this will help you in your life. I am saying that because you have good intentions, we don't know if your mother will live more than ten years. But I prefer to achieve her dream of performing Hajj. $90 invested per month is a good amount. Yearly will be a bigger amount. So keep it up. When you have funds to send your mother to Hajj, just do it. Don't wait for Bitcoin ROI.
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To be honest, I don't see reasons for me to mix my Bitcoin. That doesn't mean I don't care about my privacy. Of course, I am concerned about my privacy, but how will others know about my holdings? Let's say I withdraw from Binance to my BTC address. So they know who owns this bitcoin. What makes that risky for me? Will Binance attack me? If I can't trust them, then I haven't verified my KYC with them. If I don't have dirty funds or gambling funds, then I shouldn't have a problem with them. However, we can still exchange our bitcoin with someone else by p2p. We can sell Bitcoin and buyback again. We may lose some fees, of course, and the system may lose. But for me, I am fine when I am holding my bitcoin in a non-custodial wallet.
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I am pretty sure Satoshi didn't think about gold when he intended to create Bitcoin. His main focus was on a decentralised currency that could be transferred worldwide without any third-party involvement. I often see many people compare Bitcoin with gold, which is unrealistic. You can't compare a virtual currency with a physical element. We don't know why Satoshi limits Bitcoin mining to 21 million, but it has to be limited somewhere. So what's the reason behind 21M? Only he knows very well. It's not necessary to get an idea from Gold.
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Definitely, the Bitcoin ETF is positive for the entire Bitcoin community. But still, I am not sure if the ETF broker is 100% backed by bitcoin-traded funds. If they fully cover Bitcoin, then more money should flow into the Bitcoin market, and that's how Bitcoin would fly. This is the only concern from my side. SEC should take care and audit through a firm that trades Bitcoin backed by the broker or exchange.
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You have done a good job so far by accumulating Bitcoin at the right time. I had accumulated that price zone as well, but I sold when I had a small profit and thought I would buy back when it dipped. However, I am trading Bitcoin and selling whenever I have a profit. Of course, I'm holding some bags as well. So far, the DCA strategy has become very popular nowadays, and it seems it does work for you. I believe you should hold on for longer to get a big return. Halving is coming, and we might see Bitcoin skyrocket after the halving.
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I don't know why, but I can't browse Alamy's site. Even I tried on Tor to check if I had an IP issue. So I can't check live what exactly is going on and how. But I don't believe private keys are compromised anyway because they aren't stored online. The site may generate an image based on your search. Or the search engine will show you that it partially matches your search. This isn't enough to explain why all the private keys are compromised; otherwise, funds would be stolen. But we haven't heard of any cases where someone stole funds from the wallet by getting private keys from Alamy sites or by random check.
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When we are born and mature, we naturally conform to the existing fiat system. The only currency system we met with was our native fiat, which backed the government. Fiat has no chance of being demolished. So we can trust our native fiat blindly. Recently, we introduced Bitcoin, and we need a lot of study to know it. When we realise what Bitcoin is and how it works, we start trusting it. Otherwise, we might not trust it. For the next generation, they will definitely trust Bitcoin. Because from the beginning, I will teach my kids about Bitcoin, and they will be familiar with it from childhood. So they will easily trust Bitcoin.
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My countdown to Full member rank Number of Merit(s) left: 12, 9,8 left
Congratulations, you are Full Member now. Cheers My Count Down Member To Full member Number of merit left :/b] 11 9
Congrats, pushed you. Good Luck My Countdown to Senior Member Rank Number of Merit(s) left: 19 17 11
Congratulation, you are Sr. Member now. My count down to Full Member rank. Number of Merits Left= 12 10 9
Congratulation. You are also Full Member now. My Countdown to Full member Rank Number of Merit(s) left: 10
Congratulation mate, you are Full Member as well. However guys, I had enough smerits to push you to the next rank. You should help others to push as well. Keep spreading your merits and contribute to the forum. Good luck for everyone.
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