Bitcoin Forum
June 29, 2024, 03:15:14 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 ... 426 »
221  Bitcoin / Bitcoin Discussion / Re: Investing into Bitcoin as self pension on: March 08, 2024, 03:46:09 PM
It's normal for people to make plans for retirement and before I got to know about crypto and Bitcoin investment, What was a normal routine for most business men that are self employed around me was to use their period of active service in building fleets of houses they would normally give out on rentals which after they're at the stage of retirement and are off the active service would serve to take care of all there upkeep till they grow old.

From what I've come to see, such investment has lots of disadvantages and limitations due to unforseen circumstances like war and government policies that could make the cite of the buildings inhabitable thereby making the investment unprofitable and sometimes most men at the point of retirements, discovering that they can't get access to all they've invested into become traumatized in the process.

Investing into Bitcoin is good and for the time being, we can actually make a ten year speculation on the fact that it will still remain a  valuable and profitable investment but the question here is;

Is it wise and realistic for someone in his early twenties to set up Bitcoin as  a retirement plan such that he continues accumulating Bitcoin from this time till he gets to his retirement age?

If I were you, I would keep Bitcoin pension plan as my plan B. Be practical, while Bitcoin can reach up to moon, there's no guarantee to it. It can very well go down in prices. A lot depends on international politics. So you never know what's going to happen in the future.

So keep investing for a longer period of time but at the same time have a separate pension fund. You never know what's going to happen. Just don't gamble with your life.
222  Bitcoin / Bitcoin Discussion / Re: ENVIRONMENTAL SUSTAINABLE CRYPTOCURRENCY on: March 08, 2024, 12:32:07 PM
Environmental sustainability has been a core issue these days because of the high energy consumption and carbon footprint due to mining activities. There is a need for proper regulation within the blockchain space.

Why do you need regulation into everything? Crypto currency is the only space that is still not fully controlled by the governments. This is the only place where people still can enjoy financial freedom and privacy. Why do you want to bring in regulation into such a space?

If the currency system needs to be environmentally friendly, ask your government to stop printing money. Bitcoin is an ecosystem which uses for more less energy than any other traditional financial system. Let it remain that way.
223  Economy / Economics / Re: When luxury becomes a necessity. on: March 08, 2024, 05:00:55 AM
You know, there are people that look at certain things and they just conclude that because it's luxurious and expensive, it's not there thing at all. I once had that kind of mindset but with time I have learned that luxury could even make you more productive.

There are environment you will be exposed to and things you will use that will totally revamp your idea on wealth and aid you to work more effectively. As long as the luxurious stuff you're purchasing aids you to become more productive and comfortable, nothing should be too expensive to be bought for your comfort.

I've purchased a Mac laptop that's way expensive than the average laptops I could easily get but because I needed what will work well for the kind of job I do, I had to buy it and I must say that the fulfillment out ways the negative thought of not to purchasing it.

That's one factor that lead me to always go for high quality and luxurious stuff after that moment.

Have you bought something that people feel is rather too expensive and that you could have purchased a lower version of it? What was your inexperience like after that?

Lol! You are considering a MAC laptop as a luxury item! That's odd! My windows gaming laptop is way more expensive than a Macbook. But I believe I am able to put my point forward. What you think is luxury, may not be seen as a luxury to other people. I may not see a Macbook as a luxury item but I definitely see a Hermes handbag as a luxury item. There are people, who doesn't consider a Hermes handbag as a luxury item.

What I believe, the game is all about finding the right balance between cost and value for your individual needs and circumstances. If a more expensive item significantly enhances your productivity and satisfaction, then it may well be worth the investment. That becomes a necessity. There's a thin line between what you want and what you need!
224  Bitcoin / Bitcoin Discussion / Re: Are you ready to adopt the BTC program for your company? on: March 08, 2024, 04:54:05 AM

I would like to know your opinion on the wave of BTC adoption by companies:
  • Do you think BTC programs will be useful for companies in their efforts to reach users?
  • Are you willing to receive rewards in BTC when using future services?
  • If you have your own company, are you willing to accept BTC or launch BTC programs?

I won't say just Bitcoin, but overall crypto payment system is good for any business. It allows them to tap a new set of audiences. So I think slowly big corporates will come forward and will allow crypto payment in their platform. But it doesn't really matter everytime what a big corporate thinks. A lot depends on the local legislation as well. There are many countries where crypto is not seen as a legal tender. So it may become challenging for the companies to accept crypto payments in those countries.

But I see there's a great amount of positivity around cryptocurrency right now. Usually it happens during any bull run. I just hope this bull run continues and the positivity stays as it is.
225  Local / India / Re: ₹ Erupee transactions hit 1 million per day on: March 07, 2024, 05:06:54 PM
So I really this digital rupee is going to work like digital wallets. You need to link your bank account put money on to that wallet and use it anywhere. That got me thinking, if I have to link my bank account, then why can't I just use upi? I mean what a difference does it make for the individuals?

Usually any government apps work like shit. If you simply compare BHIM during the initial days of upi with what it is now, you will understand. The UI can become better with time, but not the intention!
226  Economy / Gambling discussion / Re: Jake Paul to Fight Mike Tyson in Live Netflix Boxing Event - July 20 on: March 07, 2024, 04:46:54 PM
Not really sure how Mike Tyson suddenly agreed to such fighting events!! He is 57 years old while Jake is just 27 years old. Mike Tyson can surely blow some punches but a younger person will be more agile. I think the age will become a big factor in this match and probably it is going to be very hard match for Mike Tyson.

Nonetheless, I am sure both Mike and Jake will make a huge amount of money out of this fight regardless of the result.
227  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether Market Cap 100 billion today vs less than 5 billion 2020 on: March 07, 2024, 04:37:41 PM
USDT is more of a supporting currency to the cryptocurrency market. It is not an investment asset. The main use of USDT is in transactions and cryptocurrency trades. So it's not surprise to see this huge market cap if you compare the overall crypto market cap.

As long as they are audited by an independent auditor, I think how much USDT coins they release in the market, doesn't really matter! The demand is robust and USDT is actually a very useful hedging tool against falling crypto prices.
228  Bitcoin / Bitcoin Discussion / Re: Profiting from BTC: just luck? on: March 07, 2024, 03:55:13 AM
Luck place a role while gambling. Everything else is planning, patience and persistence.

If you are buying Bitcoins when the Bull market is ongoing, then you are kind off gambling. But if you are actively checking the markets and investing whenever the price is below the moving average, it's planning.

Does that mean, there's no risk? Obviously not! But in planning, and investor takes calculated risk which has a higher possibility to give you a good profit.
229  Bitcoin / Bitcoin Discussion / Re: Does any meme coin has the ability to challenge bitcoin dominance ? on: March 06, 2024, 06:06:34 PM
In last one week, coins like pepe rose by 400% or more. There were other meme coins like dogecoin and shiba inu also growing fast. Lot of bitcoin users would now feel tempted to move their funds to these meme coins for higher profit. At such, do you think that any meme coin has the capacity to challenge bitcoin dominance ?

Nope! Never! Memecoins are called memecoins for a reason. They have zero utility and usually a kid sitting at their home computer running from the background. That kid is most likely to pull out when the price of that coin reaches a certain level.

Bitcoin is the king because of it's global community strength. Unless some other coin can build such network, there's no way it can challenge the dominance of Bitcoin.
230  Bitcoin / Legal / Re: BIS issues regulatory recommendations for global stablecoin arrangements on: March 06, 2024, 05:47:32 PM
All stablecoins are anyways centralized. It's just that the issuing companies are not enforcing KYC on their users. But they indeed can start enforcing a strict KYC mandate to its users. But that might become a bottleneck in their usage and many would probably choose to leave stablecoin segment altogether.

But one question still remains - stablecoins can be issued from anywhere in the world. Not sure how the Bank of International settlement is planning to enforce it's regulations onto them.
231  Bitcoin / Bitcoin Discussion / Re: US GOVERNMENT CONTINUES BITCOIN SEIZURES, CONTROLS NEARLY 1% OF CIRCULATING SUPP on: March 06, 2024, 03:50:53 PM
. No matter who wins it, it’s Bitcoin that will be on top in the end.
[/i]

But it really matters who wins it. If the countries win in this game, it wouldn't really matter to commoners like us whether Bitcoin is at the top or not. Because then we will not be in a position to use it in our favour and the entire system will become centralised. It is definitely not ideal.

But countries like United States will continue to play their dirty games. Some Bitcoins they have seized, are from criminals and hackers so those should be fine. But if us is really snatching from the common people, then it's a matter of concern.
232  Bitcoin / Bitcoin Discussion / Re: NEW TOOL: Compare the results of doing DCA in Bitcoin vs Stocks on: March 05, 2024, 06:41:26 PM
Bitcoin is the best investment asset if you compare to the traditional investment assets. It has outperformed every single asset classes since it's inception. No doubt about that!

But Bitcoin is only best as an investment, and not as a currency system. If the goal is to invest and only invest, then your crypto portfolio will outperform all other portfolio of yours.
233  Bitcoin / Bitcoin Discussion / Re: Every time a new Bitcoin Block is found, US prints $69 million!!! on: March 05, 2024, 06:30:55 PM
Does it matter? US still dominates the majority of the international trades. They are still the biggest millitary equipment supplier in the world. They are still ready to attack any country to acquire oil fields. US knows how to maintain the dominance.

So the US dollar is still the leader in the market. They have to still pay for NATO and United Nations. US has been printing astronomical amount of money since COVID. Did it affect their economy to any large extent?
234  Bitcoin / Legal / Re: Can Bitcoin save a nation that owes a lot of money / Debt on: March 04, 2024, 05:39:09 PM
Bitcoin is not a magic wand which can save the economy of bankrupt countries. Not sure why people are always over estimating about the power of Bitcoin, but in reality it is just a cryptocurrency. It is not built to replace the banks or to save the economy. Bitcoin has thrived as a parallel currency system and I believe that's exactly where Bitcoin shines.

Pakistan economy can be saved only if they choose to bring peace with their neighbours and if they stop supporting terrorism.
235  Economy / Economics / Re: USA and cbdc and Donald Trump on: March 04, 2024, 04:37:05 PM
I personally would not trust a politician like Donald Trump. I sometime feel that he is mentally unstable. Also it is very much possible that Trump is trying to lure the crypto community to vote for him. In a federal structure, president doesn't always take the final call in these things.

Also I don't understand what is this positive around stable coin is! It's better to buy the actual reserve currency rather than buying a stable coin. It just doesn't make sense because both fiat and stable coins are centralised.

The government of the European Union and the United States wants to have transactions quicker and lure people into accepting their CBDCs as something good, without considering the risks against privacy and security. I would rather to keep Fiat in the old way, using bills, but in this era of digital enhancements and advances, it was no way for China not to try to implement their Central Bank Issued Digital currency, for the dismay of their citizens. Washington would love to do exactly the same thing, however, the system of checks and balances will make it slower, delaying the appearing of USD backed CBDCs.
Trump may be perceived as someone who is against the establishment, but he is not in an ideological position to oppose the federal reserve and the big companies being the effort to completely centralize the monetary system as much as possible, he won't even try to stop it.
As soon as those centralized digital currencies start to become mainstream,it will be very obvious we one needs Bitcoin and projects like Monero to continue to thrive within our ecosystem.

Let's not deny the fact that the common people will love to transact using CBDC because of it's digitized capability and faster transaction processing time. If you have heard about UPI payment system in India, you will know the benefits of having a digital transaction facility.

But yes, privacy concerns will be there. But if people are using their legitimate money, that won't raise any concern. That's why I always say that Bitcoin is the best investment asset, but not a great payment processor. It is slow and expensive.
236  Other / Archival / Re: Are investors investing in Bitcoin at ATH now are fools ? on: March 04, 2024, 04:30:41 PM
Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.

Investors who are investing right now at current ATH, might see loss during a correction. However if they have long term Outlook and they are willing to do cost averageing, their investment should be fine. The best way to invest in Bitcoin is through systematic investment plan. You get into the market at different price points so that you can average out your buying price. Otherwise there will always be risk.

No one is stupid when it comes to money. But the investment time and holding time really matters for an asset like Bitcoin.
237  Economy / Economics / Re: USA and cbdc and Donald Trump on: March 01, 2024, 05:11:06 PM
I personally would not trust a politician like Donald Trump. I sometime feel that he is mentally unstable. Also it is very much possible that Trump is trying to lure the crypto community to vote for him. In a federal structure, president doesn't always take the final call in these things.

Also I don't understand what is this positive around stable coin is! It's better to buy the actual reserve currency rather than buying a stable coin. It just doesn't make sense because both fiat and stable coins are centralised.
238  Bitcoin / Legal / Re: BlackRock's spot Bitcoin ETF will be listed in Brazil! on: March 01, 2024, 04:22:50 PM
So blackrock has started capturing the crypto market as envisaged. When a company with 13 - 14 trillion of asset under management, gets into crypto market, they enter  with the intention of controlling it. There is a famous saying about blackrock, that Larry do not want to own asset, he wants to control it.

Most unfortunately in couple of years, blackrock may be controlling the entire crypto market. It definitely won't be a good news for the common people like us.
239  Economy / Economics / Re: What is The Negative Effect of Inflation on Household Savings? on: March 01, 2024, 04:10:36 PM
There are two types of consequences: if you have money on your bank account they lose their purchasing power because you are subjected to an "implicit tax" because your saving are cut by the increasing in the price level. So you should be able to invest your money in bond or in  the Capital market in order to close the gap with the inflation rate.

Obviously investing you can achieve more profits but losses at the same time, due the equation more yield and more risks.

If you want an advice you can just think to invest your money in bond because Central Banks will decrease interest rates in the long run because inflation is falling sharply.

There are multiple ways to beat the inflation. I won't go into that but I will rather tell you how you can beat inflation.

If you are considering only real world assets excluding cryptocurrency, then you should be choosing stock market and gold. In stock market try choosing either small cap or midcap or a mix of those. Historically these stocks have shown immense growth. But I can't deny that a risk factor is also there.

On the other hand gold extreme resilience against the financial ups and downs. If you want capital protection along with growth, you should choose a fair percentage of your portfolio in gold.

Avoid any kind of bank deposits.
240  Bitcoin / Bitcoin Discussion / Re: If everyone is holding their bitcoin, will there be a balance? on: February 29, 2024, 04:08:00 PM
I have read several posts encouraging people to hold their bitcoin for the greater good of bitcoin and probably more reward in the future. I have also been able to buy some for myself and also holding. But there is this concern that usually pop up in my head anytime I am meditating and that is what will happen if everyone is holding their bitcoin and no one is willing to sell. This can possibly happen in the future when mining reward becomes too small. I know some people will say that miners will continue to mine and sell to sustain their business but when there is reduced selling, will mining still be a profitable business?

If this question appear dumb, please pardon me, I just need clarifications. 

To begin with, miners are not entirely dependent on the block reward, but they receive the transaction fees from the network.

Now you need to understand why people want to hold their Bitcoins. The answer is within its historical price increase. People who have joined the community a couple of years back, they have already seen an astronomical amount of profit which no other asset can provide. So they are more inclined towards holding. Personally I am one of them.

Secondly, I think the current transaction fees is also discouraging people from using Bitcoin. So instead of making small transactions, people are waiting for their goals to be reached so that they can make one big transaction and take out the profits.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 ... 426 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!