I think I got your point and if I really got it correctly, you mean that users have trust in their co-users which most of the time they would simply send their Bitcoins to the other user’s wallet without any hesitation.
We actually have the same experience but we have to take note that there are still possibilities that you might get scammed or something will go wrong with the transaction if you’re only gonna base it on trust. If you want to transact at a higher cost, I would suggest for you to seek assistance with an escrow service provider so you can still secure the deal. Trust isn’t enough especially nowadays, you still have to at least put one layer of security after assessment.
Remember, Bitcoin transaction is irreversible, you should wait for at least 3 confirmations from the network or much better use escrow service as I mentioned above for the smooth deal to others.
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FOMO isn’t a sickness to cure, it is a process, a stage, and is a part of the cycle. Beginners or newbies have to realize and learn from it and they had to learn by their experience how bad the effect of FOMO would be.
And after that, they will learn from their mistakes and keep moving and become one of the greatest traders. Even us, as considered mediocre to skill. We’ve been there and done that. We learned from our previous mistakes that's why we already know what to do and what to avoid. We’re just gonna be drained if we’re gonna stop them from learning and I think for me we could let them grow by letting them go.
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It’s easy to tell and say that this is the strategy, so on, so fort, blah, blah. But when you get there, at that particular moment, it is really hard to decide and I actually experienced this and I find myself stupid when I was there.
It’s too hard to decide and do the right trade when you know that the pump or bull market was only there at that specific time, that the rise is a milestone already. The pressure that you know the price has reached its fullest potential and you doubt that it can still reach more is real.
But then, what happens is that it still increases, only regrets show up after you’ve done your decisions. So it might, holding really is the best way to have security winning your wealth here.
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I think, before we go with this discussion, we had to master economics first. We had to know first how economies are circulation to give values not to become zero-sum. IMO, even with the traditional market, it was and it could be zero-sum. But because we the people trust it, we accept and transact using the standard store of value and standard payment method, the zero-sum becomes something valuable. It’s all up to your product how would you raise yours.
The same principle applies to the stock market. If the companies involved don’t have products that make sense and really are earning and thriving to survive, then it could be zero-sum. But they're still there and stayed snd I think 50 years is enough for a lifetime to have values.
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IMO, it's actually simple, they frequently use currency-backed coins that make them stable because the transaction fee is massively lower than having the converted from mainstream cryptocurrencies to cash.
Inflations are also sometimes obvious that only stable coins can save you from the decrease. That’s why traders would better keep their assets with stable coins before they jump back to the volatility to try to benefit. But however, this is a very amateur move for me and it might they think the way that if 90% of altcoins go down, everything else will follow. Cause it’s not and you can still take advantage of the volatility.
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I actually read your whole statement that I don’t really use to do. But when I was reading it, I found myself feeling cringe, sorry for this but it might we all know that this really is cringy.
You know what? During the entire story, I felt the emotions I never wanted to feel. Greediness, impulsiveness, procrastination, emotional weakness, trust issues (the other way), and also the ego. These, are the main emotions, attitude and behavior that attracts misfortune, makes your life ruined and mess, and I can tell, you are a type of person who complains often. If you remain the same, even if you have all the wealth in the world, it will shrink.
One piece of advice, consider me as a friend of yours. But mate, you had to change your mindset and for this one, this will turn to yourself in possible depression if you will still stay in your situation. I suggest you move on and just learn from this mistake and you still have your life to recover, you did it once, so you can do it again.
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It's clear that the author of that article was shilling the unknown wallet, I don't even hear that Zengo wallet ever since.
Hence why I didn't click on the link. OP's post reeks of shilling, and why would I experiment with a new, unproven bitcoin wallet for mobile when there's Electrum and Mycelium? I wouldn't, of course. Experimenting isn't good advice in keeping valuable assets and either me, I won't use unproven wallets and risking even a small amount storing on them. Open-source android wallets are always the best choice, like what you've mentioned above. For android wallets might you can trust them with a small amount or for the hot wallet purpose, but if for the cold wallet I prefer always on the hardware wallets. I used Electrum wallet for years and fortunately, I didn't encounter any trouble like hacking, losing your wallet or losing your phone, or even stealing or lost your device used. Because for me, there's no safe wallet at all, and our responsibility to keep them safe, as long as you have control over the key, you'll be fine. In any case, I stopped storing crypto on my phone a long time ago--since I don't really need it on the go, why take the chance of losing it if I misplace my phone? You nailed it and tend to agree with you, hardware wallets and desktop wallets over mobile wallets are far different.
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I tried to open it now but I can't access the link that I manually type on my browser tab. It might that the ad was already taken down by Google.
Anyway, it might also good if you will move this into the Beginners & Help board and there might newbies who will aware of this kind of trap.
My advice to them is, be careful in clicking ads on Google, it must on the official website. Much better if you will ask for ideas or have research on any forum websites that can be asked regarding a legit website to store your crypto assets.
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In my perspective, Warren Buffett and Charlie Munger might have intentionally missed the boat or decided to be left out by the train. As we know it, they don’t even need Bitcoin to get more wealth. These people aren't a master of cryptocurrencies but they are the masters of traditional finance. And If I were them as well, I would better stick with the field I'm used to as I have paid a lot of struggles, pain, and disappoints already before I mastered it.
These people have a lot of things to do on a daily basis. That’s why I think they couldn’t give enough time to study cryptocurrency. One perspective is, their allies and investors are against bitcoin as it is a threat to their business. So If that’s the case, they would better stick to usual IMO.
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If I were the Startups, I would definitely choose to support and raise funds putting nodes to the moon. This is a very effective project and they could raise funds from the investors without even expecting returns. Assurance of keeping Bitcoin’s nodes alive even the worst thing happen is the best thing that is very much deserving of support.
Declining or rejecting the said project would make them feel regrets in the future, especially when Bitcoin reaches its benchmark and I hope Elon Musk would find a way to make this a reality and as usual for him. People have to be educated on how financial systems work and how they were taken advantage of and when that time comes, good luck with dollars and fiat currencies, I hope they can still live longer than they expect.
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I don't remember seeing any campaign in Services section that paid only partially in Bitcoin and mostly in other tokens.
There is, but that was back then year 2017 when ICOs projects are very promising. You will find on this thread paying a small portion of token but not Bitcoin. I tend to agree with suchmoon said, the 20% paying Bitcoin while the rest are altcoin was might considered altcoin based signature campaign. It would be better if you will make it a 50:50 ratio for Bitcoin and token signature payment, or a large percentage is Bitcoin than the token allocation. Anyway, just wait for the response of MOD hilariousandco. Just my two sats.
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BSC is only a support network on the ETH network AFAIK, and also they had a compatible network that everyone can use by transferring assets. For me, these are the reasons why ETH is better than BSC. - ETH has a thousand active system validators
- ETH is completely more decentralized compared to BSC.
- ETH is good to keep as an assets
It might the reason is the gas fee of ETH people switching to BSC, once this might be solved on ETH2.0, it will probably back to normal for the BSC.
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please accept my apology for calling bitcoin a ponzi scheme
but I still call it a huge bubble
It seems like your apology isn’t sincere and you just meant to add fire. Big bubble and Ponzi scheme are still connected on how you say it even though they had totally different meanings. Just to let you know, pioneers already knew about how Bitcoin works and the bubbles that you've said are expected beyond what you know. Besides, we studied a lot before we came in that’s why we know how this stuff works. Going back, it might you'd to study how currencies started and how much risk they have to bubble. It’s actually almost more than Bitcoin when it comes to possibility. One last thing, Bitcoin is a more secured investment to be honest, as it is being backed by mining compared to currencies being backed by trust? Like who would trust that.
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In the crypto market, we heard different good news around and it might worth it to hold and wait for a better result.
Not an option for me, this ETF is somehow can't be foreseen even when using valid statistics. IMO, it's no surprise for Bitcoin to bubble in the new few weeks or months. That's highly expected and most anticipated. You just have to play along with it.
On the other hand, might I would trust a person to handle my Bitcoin if there is a platform that would let users copy trade, and the trader is officially listed as one of their professional traders so they can gain my trust to do ETF.
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Let's bring this fake Telegram group down, find the 3 dots on the right side of the Telegram account, and hit the "report" and then "Fake account" and might the staff of Telegram will take in action once they received a few reports.
We should always be vigilant about the airdrop, giveaways, and even the double investment scheme because they were most likely scams in the end. Think before we act and conduct research is a must before putting your money. Nowadays, scammers are getting smarter and always looking to take advantage of the greed and naive people to fall into their trap.
I saw someone using Coin.ph wallet and it seems there's my fellow countryman there.
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I always knew Gryphon Digital mining can secure those funding. Their company and their vision are very promising since day one and it was so clear as crystal and their founding team are very much professional.
Now, this will give a very high potential to Bitcoin to pump in order to survive the IPO. The possible inflation will be countered because of these companies and sooner, cryptocurrencies will be widely accepted worldwide.
However, there's a theory that Bitcoin will be used to cause inflation in currencies especially dollars, and it will make the people realize the currencies are not that valuable since most of the currencies are only being backed by trust and not with solid resources like golds, oil and minerals already. It’s just the guns! But we will never know, we will cross the bridge when we get there.
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I tend to agree above and there's nothing to change because that's the same network, even though they added shard chain and docking upgrades but it will not have an impact on what you've holding assets either if that is an ERC-20 token. For further more information and correct details, you might visit this site. https://ethereum.org/en/eth2/
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I don’t think stocks will go high after the pandemic or after Covid-19 become absolute. Why? The reason might because the recession only begins after the pandemic and that's the time we'll be experiencing massive inflations, and economic statistics dramatically go down. I feel bad because I've got a perspective where stocks will not be that much effective after the pandemic and will take time to recover. Real estate and Insurance are the industries I'm eyeing to get my assets in. IMO, Bitcoin is actually one of the possible assets where you can avoid recession. But transaction fees, gas, and so on and so forth is a pain in the ass just now. What more if it has already exploded? I don’t think it is a good idea and so it might altcoins are the best options after the pandemic.
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I don’t think embracing bad news like this is very helpful and can be taken advantage of. We should always consider the consequences of the circumstances. I highly understand the logic, but it doesn’t apply to the example provided. Why? If in case of exchange platforms are hacked, it's indeed the price will go down and some might pull out their funds in the exchange or it might the whole cryptocurrency market itself will collapse too.
But the reason? That's something you should fear. If in case most reputable exchanges have been hacked, that is a very scary threat to Cryptocurrency’s Reputation and will scare out new investors and removes the trust they built with existing ones. Do you think this is helpful? In my opinion, No.
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