The guy, who proposed this BS idea(banks holding private keys) clearly doesn't understand the concept of Bitcoin and cryptocurrencies in general. The big problem here aren't even the hackers. The bank could just enter the crypto wallets of it's customers and steal their crypto.
It's like inviting a burglar into your house and giving him the key to your safe deposit box. It doesn't make any sense.
And no, this idea won't speed up crypto adoption, because the possibility of getting scammed will scare away many people.
The people aren't dumb.
Even adoption itself is kinda meh for me, not that I do not like inviting people to crypto but I just do not want authority to adopt crypto and try to make it centralized it for people around them. Doing KYC in some digital payments here in my country was already a pain in the ass and now having it into crypto would be more pain in the ass, I just want me, just me alone, to keep my money to myself. Not sure why OCC advises this. Even in common banks security guidelines, nobody would ever ask for your ATMs PIN Number and now at this instance, you're literally going to give away your PIN, which is PK in this instance, to them for "security". |
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i know Bitcoin around October 2014 and the Bitcoin price at that time was around 330$.
Just like you said that Hold BTC is gold because at that time i always sell the coins that i got from a faucet and never really hold it for long time.
Crazy times indeed. Those years were like my teenager years and I was like thinking that Bitcoin was just an illegal coin being used in the darknet and hodling one here in my country would result me behind the bars. If only my misconception were cleared out that time, I could have bought almost more than a whole coin to this date. But hey, I don't regret anything anymore. Faucets were like profitable those times, ey? Right now they're almost always waste of time. I never was able to withdraw anything from those faucets anymore these days. Around $2000-$4000 at around August of 2017.
I'm pretty sure that there are some here who saw Bitcoin at a lower price.
Damn, that's really crazy considering that ATH of around 20k was around that corner in that year if I can recall correctly before it plummeted down to around 6k in 2018. I was still like looking for profitable ICOs earlier that year, lol. |
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I agree with the opinion of forum users that this is a pointless investment. That is, neither NFTs nor memes bring any real benefit to participants and investors in such projects. Therefore, in my humble opinion, this is a waste of money and there are really real opportunities for investment.
That is what majority of the crypto world actually thinks, that's a normal approach to NFT or meme projects and people with sense do stay away from it as much as they possibly could. But that doesn't mean that we are going to keep seeing those people all the time, we are going to keep seeing something more crazy because that is a lot more news worthy. Let me give you 2 topic names and tell me which one would get more replies "men spends zero dollars on nft because he finds it useless" and "men spends a million dollars on an ape image", which one do you think would get more attention. We see news because they are newsworthy, if something is not newsworthy we are not going to hear about it, doesn't mean it doesn't exists, it just isn't what interests people. Here in my country, there were always those shitcoin investors that you would always see in Facebook and you'll just see them go silent after sometime. No one's going to stop how these people react to their investment and it would just continue over and over. NFTs were even like hot topic in here especially with games like Axie Infinity. People applying to be scholar and stuff and now after the price crash, everyone just went silent. Most likely this madness will not happen again. Maybe we will see new NFT token hypes on new token standards or in new blockchains, but we will not see people who will be ready to buy these tokens for millions and tens of millions of dollars. People have already realized that this useless garbage is not worth that kind of money and investments in such projects are doomed to REKT. What used to be a reason to brag about their NFTs is now seen as shameful. Many of those who bought NFTs at such prices prefer not to name the real prices they paid for these NFTs, because they are ashamed.
There would obviously be another hypes, but either way it's not going to last long anyway. The cycle would just continue each trends. I am kinda seeing AI coins being the new trends, but again, this cycle might happen again, lol just like how NFT craze went silent. |
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So ask yourself, what should I know that can make me ×2 my monthly income?
Seek knowledge always.
Here in my country, to make that 2x monthly or even yearly income, job hopping is almost the way to do that. Loyalty to the company is always not going to pay you back unless it is one of those rarest gem where nobody would ever tell you what company is it. It's not just that what you know sometimes. It's also sometimes who you know or even how lucky you are in life. I gotta admit that I got lucky back in the days when I got my fresh-grad job and it even turned out to be a software company where I would excel the most. I didn't know shit about software dev stuffs like Agile Methodology, Scrum, and all software development lifecycle. I just knew that I was learning it when I was already at my first few months of my probationary period Knowledge is one thing. But success doesn't just end with having more knowledge. There are other factors that contribute to someone's wealth and success. There are people that may be knowledgeable but they don't know how to maximize that knowledge they have in order to succeed. Though technically, I still agree with what you've said OP. The majority gets paid by their contributions like their knowledge and skills that they acquired through learning and experience. The more you have, the higher you get paid for your job. If you have more to offer, there are more opportunities coming to you.
It's quite sad sometimes that even those with plenty of talents just doesn't manage to budge it. If the company doesn't like the person, they'll find ways to reject. |
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Adding up to this, people and the media seemingly have the misconception of Bitcoin itself being a scam. I also blame myself to be fair of thinking Bitcoin to be an illegal coin before but that's quite a different discussion.
News media commonly see Bitcoin as like a scam whether as an investment or even as like a digital money and it is quite sad that they don't realize that even paper money is being used to launder money and do crime activities. :/
They don't know anything about bitcoin and they just base those misconceptions from the news that many has been scam due to investment schemes so they assume that bitcoin is included on scams. If they could just do deep research about it for sure they will never call bitcoin as scam but rather a currency or a technology which us good to adopt. But we can't force those people to believe on those so maybe let them discover and prove that they are wrong about what they say about it. Yeah. I guess it's all for the money? Those people just gotta scrape the bottom of the barrel just to make something new for the audience. Can't do anything about them anyway. There would still be pro and against Bitcoin regardless on how good of a technology it can bring to people who does not want any authority being involved with their money. Some would not trust it at all like why would you not trust something that does not have any authority anyway. It's just like the usual Apple and Android hates. |
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In my opinion, before investing in any project coin, one should have complete information about the project and check their documentation, team and future plan. The main thing is what purpose that coin is made for and where it will be used in the future.
As Polygon matic through which you can do your transactions with very low fees, the goal is that it has a great role. Similarly, there are many other coins that can be used to create many conveniences. If anyone is still having trouble, you can choose from the top coins in the market, because any coin coming to the top coin is a sign of its excellence. This is also an easy way to choose coins.
What if their documentation is plagiarized and they were not caught yet and you already bought their coins during pre-sale?  There's a lot more than meets the eye in checking the legitimate projects in the market. Back in 2017, I had invested in couple of altcoins during their ICO pre-sale cause why not right? Cheap coins, high rewards after the ICO, right?? Right??? Wrong. Careful of benches of ICO as well. Most likely they're either paid reviews. I had couple of experience where team passed the KYC test, but they still did an exit scam. Not sure what happened now after, lol but you get the point. Do you tend to check and verify if the partners some projects claim they have are actually real and authentic and aren't faked partnerships? Because scammers understand that most users would believe in a project if it has lucrative partnerships with big companies and projects so they simply just put logos of big companies and projects on their website just to show that they have big partnerships.
I say that because I have witnessed this, I was once checking out a new project and analyzing it, and I noticed that they have a lot of big tech companies as partners on their website but the reality was that those were just logos and they didn't have any of them as their partners.
Oh yeah, those 100% certified bullshits are quite common. Even fake websites use those logos of partnerships and certifications just to lead their users in the wrong hands. This is where newbie researchers stop. Just because they saw partnership even when it is fake, they'll just fuck it and invest to it. Man I can even recall some bullshit partnership with MyEtherWallet before that turned out to be a phishing attempt to me when I tried out airdrops. |
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Not your key, not your BTC
If you save it in the cloud, exchange, or any service online, you don't own your key. It's the same as giving your neck to the executioner. Better to give your wealth to social institutions, war victims, and people who are undernourished than give your wealth to rich people who own the cloud and exchange.
Mine might not be crypto-related, but this is also to say to people using an e-wallet even if it does not hold crypto. Recently here in my country, there has been incidents of people getting locked into their e-wallet and having some unauthorized bank transfers/transactions. If anyone is curious or residing here in the Philippines, I am pretty sure ya'll know what GCash is. You'll never know the inconvenience of not being able to access your wallet unless you encounter it as well. I did not really need the money, but I was like paranoid on how would my money be cashed out or how would I put my money to safety. Good thing in crypto, I almost never use an web wallet unless I tend to use their services such as paying bills or buying me a prepaid credits. Centralized exchanges like Binance, Coinbase or Crypto.com can fail at any time, if you have your funds on them they will go down the drain with your money and the chances of getting your money back is very slim.
Most of us gotta be honest that it is quite a bit tedious sometimes to move your funds to a decentralized wallet. The waiting time or process to do it. Sometimes I even kind of thinking of writing a script to move my funds automatically to my preferred wallet depending on if I way buying or selling crypto coins. Well I don't use Binance for now, so I guess I am far away from worries......for now. |
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Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.
Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
Well I ain't going to be happy unless I sell now right? I am planning to just hodl for now. You could try to trade altcoins like Cardano or any topper coins out there, but if you know that it's not working out in your end, that's fine and it's not on you. I had day traded before and that kind of "9-5"-ish trading is just mentally taxing and I don't think I could even last for 5 minutes (that's what she said ) doing the same thing over and over again. Right now I am a full-time hodler of Bitcoin and happier than even before. For me, during a bull run it is very good to trade altcoins because you can make a profit. In a bull run situation it is easier to make a profit in trading because it helps us a little in understanding the market chart. Therefore, during a bull run it is better to sell and not hold it too long.
Nah unless the coin is highly volatile. Maybe for day trading it could work, but I would not risk a lot of USD for that. If there's short-term gains and losses in bull-run, wouldn't it be the same for bearish times? |
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I know you click on this topic because of the title, the same way those idiots takes advantage of you on Youtube and Twitter, saying they know which projects are best for you.
Well OP, nah. I didn't really click the link because of the title, but I was curious to see how would others react to this since I knew already in the first place that this is just a clickbait otherwise this thread could have been trashed already in less than 12 hours. These kinds of "kindness scam" are also common in FB if you would ask me. I was browsing a lot of crypto news lately there and saw a lot of dummy accounts claiming that they can help you earn $40/day which is kinda high here in my country since I live in a third-world country. Truth is nobody will ever tell you how to get rich let alone even earning money easily. You just got to get our asses out there and grind the fuck out of there. In crypto, it's a whole lotta worse considering how many investments could be made in here and you never know which one will take your money away or which one will give that juicy 2x to you. |
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The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.
This is not new this has been going on since Bitcoin came into existence but we are still winning, there's a lot of struggle but the community keeps holding on and many of those who are adopting Cryptocurrency are big people and this is what makes adoption easy, and this what makes the government action limited, especially to democratic countries, after ten years only the ultra communist and totalitarian countries are not yet adopting Cryptocurrency, but they will soon be. Kinda doubt that. Totalitarian countries might just consider creating their own digital coin to avoid having to deal with decentralization. To be fair, democratic countries had been taxing cryptos for a while now and that could be the least thing they could do to at least regulate crypto especially Bitcoin. Bans still happen to some countries for various reasons and at the same time, they thought that paper money is the only solution to avoid money laundering, lol. It is true that If us banned crypto currency then it will put affect on mamy centralized exchange and some tokens project and it will cause a market to crash. This crash will not for long term because They have no power upon dex exchange and token project. China banned crypto and we seen short term crash of Market but now crypto market is looking more stronger then before which shows that no one can stop devolping of crypto.
we should be positive and don't be panic from these news as they can only legalize in their own country and if we talk about whole crypto, then crypto will remain the same and will process im Decentralized way.
This kinda reminds me of those days when panic selling were like surging. Seeing the market crash just like that back in 2018-2019, just makes me think that even if crypto gets banned worldwide, people will still look for ways to still get into crypto. |
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Well, I did but thinking about the current trend these days, they become out of our sight since the market is hyped with meme coins where we neglect to see fundamentals value in the future. Buying them could be wise but seems we need to be smart and practical this tim knowing that new coins are more profitable short-term which is what we wanted to happen in real life. Holding is a challenge that is why people are preferred to get involve in hig-risk investment like meme coins.
Well it's indeed the hyped coin these days and that's why I tend to avoid all the meme coins now these days. There are still promising coins in the market, and my nostalgia senses are tingling from the coins mentioned in the OP as I did day trade before especially Polkadot. I am just not sure about NEAR though Maybe not all of them are for hodling, but surely they're still profitable. I just do not have the full-time to explore all these altcoins that's why I just stuck myself to Bitcoin....maybe for now. I will speak in general terms and do not want to target a specific audience, now perhaps you and I both understand the predicament of the market at this stage. Now we are still in a bear cycle and don't like any big effects to get out of that, also some positive market signals but not enough for us to talk about the long term story. . There are a lot of altcoins that have dropped a lot in price, and are they really doing well, and I think they are doing well, but when it was inflated before it took time to get back to those prices. that value. While there are also plenty of instances in the market that are short-lived, perhaps the overall context for this market as a whole is still a strong growth over time for me.
It really just depends on the altcoins sometimes. Most of them are just carbon/CC of the other existing coin to appear "unique and solution-provider". |
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In my belief there is a wise saying, "you can imitate the efforts of others, but maybe not with the results either".
This is highly true to be honest and this is why I don't take every single advice of those rich people around the internet literally. Behind those success lies plenty of luck and "ass-kissing" to some people that they just do not want to tell people. Your entirety as a person would be the variable to how you would live your life when you go older. They will tell you to work hard and you will succeed, but that is some serious bullshit and a really terrible advice if you would ask me. Regarding financial contentment, there is a delicate line between being satisfied and settling for less than one’s potential. It is about striking a balance between appreciating what one has and aspiring to achieve more. To avoid wasting time in business, consider your goals, measure progress, and be receptive to feedback and market development. This is all about striking a balance between patience and real advancement.
Sometimes you just need to bite, but sometimes you might not. Business is really a risky stuff to dive into even for entrepreneurs. It's not something that is going to be for everyone just like trading in crypto. See how many business closed down even pre-pandemic era thinking that they could last another 50 years. |
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I never for one day believe the stories of Bitcoin been a scam, I even got to know about bitcoin from a ponzi scheme (called MMM) that took over my country and every young and old then was caught in the fever. Before then I never knew anything like investing so Bitcoin caught my interest and I to this day, it has had many impact in my life. I don't regret any decisions I have taken upto this day because they all taught me a lesson and all part of my story. I won't do things exactly the same if I had a second chance to start all over because the experience I have gathered are very valuable and I believe they'll help me in the journey ahead.
Adding up to this, people and the media seemingly have the misconception of Bitcoin itself being a scam. I also blame myself to be fair of thinking Bitcoin to be an illegal coin before but that's quite a different discussion. News media commonly see Bitcoin as like a scam whether as an investment or even as like a digital money and it is quite sad that they don't realize that even paper money is being used to launder money and do crime activities. :/ |
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Well your article is basically just a shill post for Tycoon Signals and of course that article is also including your Referral link for that platform so you just wrote that article and created this thread here only because you want to generate clicks on your Ref-Link, but of course you already know that. To add a little to the general question.
Of course it is possible to make a profit with crypto trading even if you are a newbie. The safest way to achieve that would be to just buy the big projects from the top 30 or so like Bitcoin, Ethereum, BNB, Cosmos or whatever. Then if you are patient enough to hold for a few months or longer, then you should definitely have the possibility to sell with a profit.
Same thoughts actually. I thought that this would turn out to be somehow new in my eyes but I guess set my bars too high. This is why I never clicked any Medium link without even citing at least a content from the article itself. Kinda cheap way of getting clicks if you would ask me. For the sake of discussion, before I had done copy trading and somehow it quite backfired on me especially when I was like just watching Youtube videos in learning day trading, followed every single detail of the one that discusses the tutorial and what happened afterwards? It all went to losses. |
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Genuinely, I hesitated to invest in bitcoin when I know about it first and it took years almost 2 to 3 years precisely to understand I missed the early train now let's get into the investment and make some money then only I introduced into bitcointalk and understand the concept of decentralisation and why it is important in this world especially the depreciating fiat money keep all the people in the trap.
And the biggest fear is what if the value of the bitcoin goes to zero after I invested, obviously I don't have any doubt now but at first I thought in the way and realised reward is great compared to risk.
Quite similar to your story there to be fair. I was quite hesitant since I thought that Bitcoin were only for criminals of the darknet and that misconception costed me quite a lot since Bitcoin kinda went up during those teenager years and I could have bought it at cheaper price during those years. I did not regret it anyway since I was still able to get it regardless. I could have regretted it more if I hadn't stepped forward to clear out the misconception in my head. My biggest fear I investing in bitcoin as at (2016) was the risk of being scammed I felt it was another possible ponzi, little did i know that investing then would had been a life changing experience and was a risk worth taking. Ignorance they say is a disease.
My colleagues thought also that Bitcoin was a scam, and now they're regretting that they had not cleared out their misconception like me. |
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Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.
Dude, this inu and pepe hype is quite getting crazy, lol. As much as I hate meme coins, I don't think that this kind of breed of "Shiba Inu" coin ain't gonna go anywhere. I heard plenty breeds of Inu already around crypto including Starlink and I am pretty sure those aren't hyped unlike before anymore, lol. Now we got another breed, I am not sure how long would this "inu" hype would go and how much more money would devs be willing to milk into this project. Pepe almost went down by 7% around 24 hours and surely that's already an indicator for me to not to although I already mentioned that I would never invest in meme coins. Better talk to your friend regarding his buy. It has been 3% downs since 24 hours. During the hype about a week ago when gas fees were like >200 Gwei there were tons and tons of these new meme coins being released every hour pretty much. Anyway you wanted to call it like PEPE2 or PEPERONI or MILADY2, etc and most were massive rugs.
Now it seems to have died off. Many are still released but most don’t get pumped at all. I think many got burnt and wasted tons on fees on these tokens which were complete rugs that people moved on to something else.
I am not going to be surprised if those three coins happened to be real. |
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Yes, it's better to go to a casino and gamble those 100$ in an attempt to double the initial budget, instead of investing in memecoins and seeing your portfolio melting down. There is a lot of manipulation on this memecoin market, that will eventually prejudice small greedy investors looking for huge profit with low investment, while the big speculators, who are also the early investors are benefited by the scheme.
It has already happened before and it will continue happening futurely, since there is always a constant flux of crypto investors completely blind by memecoins and their empty promises of easy, overnight profitability.
For now, I would not try to just do casino. $100 is quite large here in my country and just by saying to "attempt" to double the initial budget would be like a one-way trip for your money. When you invest in meme coins, you can still take it back with minimal losses along with fees and stuffs, but with gambling, you lose the game, you lose it all. If I was given a choice, I would just invest it to memecoins for now even though I hate memecoins so much. I would prefer to keep something rather than lose it all. High risk, high reward per se. |
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Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.
1. They are not created for long term most of the time shitcoins exist for short term and devs who create it will dump this because they move to their next project to avoid losing your money sell it immediately once you are in profit.
2. Never believe about devs promises since they are not really there to help you but they want to scam people and want o get rich quickly.
3. Be realistic and don't join the FOMO since this could lead up losing your money.
4. Never believe on people telling you to hold or even buy more they just want their target to get hit and for sure they will dump it without your knowledge so sell first before other do so that you will not end up chasing pumps to gain back your capital.
5. Most important of all became a smart investor and never doubt on possible profit which is not in your hands. Always be grateful on profit big or small since this could give you contentment and became always bullish on your investment.
Even memes by themselves aren't really for the long-term. See how many memes from 2013 already had ceased to almost get mentioned around social media these days although the OG memes like troll face and Bitch Please still kinda gets random mention but when we're talking about memecoins, you know that ain't worth it. For #2, you should not believe anyone's promise around the INTERNET unless it's someone that you really trust but even in that cases, you would somehow be cautious. This applies to most new coins and tokens out there. NFTs too. It has been so since i got in. Anon devs have nothing to lose, if they make money with that tactic there's no reason to keep going and abandoning their projects right after start.
Other points i agree totally with. But new people are going to do same mistakes over and over.
Rugpulls happened within NFTs even those games that were almost like a wasteland. Devs won't give a shit about their player's loyalty even the community. Just see how many NFT games out there were like hot topic back around 2021-2022, but then right now everyone just went silent. Sure there were still livestreamers playing those NFT games, but it isn't as profitable as before. |
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~
Well technically the "lobby" term would be the waiting for confirmation of your transaction. In personal or non-crypto term, that could be the least equivalent of the "lobby" you would compare to. Bitcoin still has its own cons just like on how paper money still have its cons even if it requires no more internet connection. I disagree in #6. If you have heard of $5 wrench attack then you might know that having Bitcoin is not really guaranteed that you would not be held hostage or even captive due to the amount of the money you're holding and in fact, you might even encounter more threats when holding crypto rather than holding physical money from the day of your retirement. This is when you disclose too much in your socmed. Yes Bitcoin can really be considered as a great retirement plan. If you continuously plan to buy Bitcoins on a regular interval while working or making money, then definitely when you retire, at that time you will have sufficient funds to live the retirement life without in hassles. We have seen Bitcoins capabilities from 2009, it started from nothing, and now a very rare and expensive digital asset, so it only proves that the price will go up, as the time passes. So yes if you have enough Bitcoins while retiring, then you can easily spend the rest of your life in luxurious manner.
There's no guarantee that you would enjoy the rest of your life when you hold Bitcoin. We all know that you can earn from it, but again, it is a volatile market so nobody knows what would be the ATH as you age. |
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My point is that there should be a better work to life balance, not to be lazy and have everything ready for yourself. Life should be more than just surviving on the bare minimums.
It's sad that everyone really wants to have that kind of balance, but in reality, there's just luck along with a bit of hardwork where you would get that. Unless you have a paying business that can sustain your monthly bills, you just gotta suck it up and do your best to find that perfect company that would offer that W-L Balance. Somehow I got quite lucky being offered with 3x RTO and the rest of 2 days will be WFH with your choice on what day you would go to the office. -
I recall people saying that there is no "free" in freelancing and I kinda relate to what you just said. I formerly worked as VA and Web Developer in Upwork and starting out was like 24/7 work without pay. Getting that first client is just so painful that you need to spend money just to get a headstart. Another thing that people don't like working in 9-5 work could also be the culture of the workplace. Office politics sucks a lot for the many although I would hella run if I experienced a single office politics. It's worse than just ending up in a dead-end job. |
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