How is this a fact about Bitcoin and the forum? This has nothing to do with Bitcoin nor to the forum.

Anyway, credit to you for compiling these facts, but many of these are hardly facts that people never knew or even care at all. Some of them are too trivial and immaterial to Bitcoin that people don't really need knowing them, or knowing them doesn't really mean people have increased their knowledge of Bitcoin.

The average person cannot contribute to solving the problem by simply buying. Neither will hoarding or even increasing his/her purchasing capacity address the problem, unless the only cause of the crisis is inflation.

But since there are a number of causes, there should be a number of approaches also. Supply chain problems, war, rising prices of fertilizers and other related products need different solutions.

In my country, there is a need for the government to put more focus and priority and funds, too, on agriculture and food production. Strengthening local agriculture is the key. Decreasing dependence on imported fertilizers will help. Subsidizing farmers is also needed. Fighting against ruthless middlemen is also important.

To the average person, however, little efforts as planting and raising their own food is of much help. Make every idle piece of land productive in some way. This will make us less dependent on the market which will hopefully lower down the demand and therefore price. In the long run, this might even significantly bring down the demand to import. The local produce might suffice. It would also help if we stop being wasteful.

04- Darker45

Please and thanks! Happy BTCitcoin pizza day to one and all!

Not only did we experience this kind of downtrend before, we experienced much much worse than this. As per Coingecko, Bitcoin's price right now is only 57.3% less than the ATH. And the ATH was reached just 6 months ago. Surely, you didn't buy during the ATH so your portfolio must have registered a much lower paper loss. The 2018 bear season, in this regard, is much worse. Furthermore, the bear season right now has only been running for a few months. Again, the 2018 bear season was much worse.

I'm sorry that the market has caused you certain health issues. But I must tell you that quitting at this point might not be worth it. There's no point telling you that you should have known better, that you should have sufficiently informed yourself of what you're getting into. So for now, this is the kind of market you are in, stay strong and HODL. I think that's better than accepting your loss and sell.

I agree. And make no mistake, DCA is a great investment approach people could adopt. It is recommended. However, this won't really pacify those who have panicked and those who have fallen to their fear and eventually decided to sell what they have. In other words, this only applies to those who know what they are into. To those who do not, the various kinds of investment approach do not matter, especially when faced with a severe bear market.

So what will really ease their suffering and save them from making worse decisions is education and awareness.

28- Darker45

Please and thanks!

Happy Bitcoin Pizza Day! (I think there's another date for Pizza Day so May 22 should be Bitcoin Pizza Day to avoid confusion. )

It's one thing for Coinbase to remind its clients regarding bankruptcy warning; it's quite another to make it appear as though Coinbase is about to face, or on the brink of, bankruptcy. The former is a requirement from the SEC; the latter is obviously a FUD.

That Coinbase stocks are plunging is no huge surprise in the face of a plunging Bitcoin and other top altcoins. To report as if Coinbase is near its end is nothing but a malicious attempt to sow confusion.

Well, I wasn't that old when I first learned about Bitcoin.

It helped a lot that I was relatively young when I first encountered Bitcoin, because being young generally means being more exposed to new technologies. It means things are not completely strange to me, and I could be more open-minded about them.

Especially in my country, I must say Bitcoin sells more to the younger generation than to the grandpas and grandmas. My grandparents didn't even know how to use a smart phone, much less a personal computer, didn't use credit cards, didn't have any inkling about PayPal, and so on. So it would be too hard for them to embrace the concept of Bitcoin. And they are also too preoccupied with the things that they care about to learn so alien a thing as Bitcoin.

I highly doubt Nigeria has what it takes to go fully digital. The World Bank has it that 4 out of 10 Nigerians are living below the national poverty line. With this data, it would be next to impossible for the country to completely eradicate Naira notes and shift to the use of its digital currency. At best, this is nothing but a goal, a long-term one at that. But, for now, and for the next several decades, Nigeria has no choice but to act according to the real status of their country.

It sounds amusing, but that's just it. Under normal circumstances, nobody would imitate this in order to make profit. This is like using a third party and even a fourth one in order to accomplish what could have easily been done directly.

In other words, the battery and the Tesla are both unnecessary middlemen in order to do the mining. It's more efficient and cost-effective if the power is taken directly from the grid and not from the batteries of a Tesla which is getting its electrical load from a charging station which is connected to the main grid.

To illustrate it a lot simpler, let us take as an example Bitcoin. Let's say it opens at $30,000. A couple of hours later the price moves down to $29,000. 5 hours later, the price bounces to $32,000. 10 hours later, the price went back to $29,000. And then it finally closed at $35,000.

That's basically what volatility is. It refers to the sharp movements in prices within a relatively short period of time. The level of volatility also fluctuates. There are times when Bitcoin is less volatile, for example. Unpredictability is also a big factor. You cannot really predict when the market will experience so much price turbulence and when it somehow experiences stability.

Perhaps it hasn't really been established that Bitcoin is a safe haven? It is definitely a rising store of value and asset, but not really one to which you can safely run during times of a falling fiat or a crazy inflation or a crashing stock market or an invasion. As a matter of fact, the pattern has somehow pointed to Bitcoin's price moving more or less like the traditional market, although this is debatable. What is established is that Bitcoin will give us a good return in the long run. So I guess it's better to stick to HODLing despite the short-term price fluctuations.

That's right. I like this idea. Especially if one has an idle piece of land, it should be planted with plants and trees. If one cannot afford to spend time everyday taking care of plants, one could simply choose to plant trees, fruit-bearing trees in particular. Not only do trees help the environment, they also provide food or even extra income.

What I noticed, though, is that young people nowadays are not anymore interested in small agricultural activities like planting and taking care of vegetables, root crops, and trees.

I agree, and not just correcting newbies but on all discussions. Everything could be done in a nicer way. I have read a lot of responses here bordering on insult. I don't understand why, but sometimes I notice that those who know better project their wisdom or authority on a certain topic by being rude, by calling out those who are wrong in an impolite way. I don't know what they would gain from it. Perhaps it makes them feel good, that they are above somebody else. 

In fairness, however, newbies should also be aware that they are newbies. Sometimes, I'm also a little annoyed when I read a newbie's first post lecturing about something, albeit wrongly. Of course, ranks here do not necessarily signify knowledge or level of expertise, but there are newbies who are obviously blabbering nonsense.

I was surprised to know there are gambling side effects to a person's body. I haven't read any material on this, but I can hardly imagine how gambling could affect one's bodily functions like bowel movement and others. Perhaps it all has something to do with the psychological effects of gambling. These psychological effects must be the ones that directly caused whatever physical illness a gambler experiences.

Anyway, I think you should refrain from gambling. Or better yet, consult a physician or a psychologist. You should seek professional help sooner rather than later or else, who knows, your conditions might get worse.

Darker45- 25

Please and thank you!

Voted.

There must have been a lot of changes since that old poll was made. 1BTC was a lot easier to own back then. It was easier to HODL as well. I guess many of those who owned a BTC or two must have already converted to cash during the time when the price shot up to more than $60,000.

Whether they started a business or built a house or bought a car or invested in something else or whatever, we cannot know. But that price must have been grabbed by a lot of BTC owners as an opportunity to somehow change their life.

So which is which, you need money or you need something best to invest in?

With the inflation hitting us hard, people really need more money. And because the interest rate is also increasing, it is not a good time to borrow. Spending is reduced to what is necessary. Therefore, looking for a good investment option might not be the thing for many as they are even short of cash.

But if you have the money to invest, the bearish market is not a problem. The market offers bargain prices nowadays. Bitcoin, for one, is still less than $30,000.

Whether an exchange is publicly listed or not might not matter to me at all. But it, of course, matters that the exchange is transparent. However, it is not the only factor also. If another platform that is not as transparent, but doesn't have a very dirty reputation either, provides more convenience, then I think it is possible that I will use it instead. But this is also depending on the amount of transaction involved. If it is a really huge amount, I would forget about convenience and stick to the more transparent platform. To a certain extent, transparency means safety.

Yes, for as long as it is not the only legal tender of those countries. Otherwise, it is necessary that a complete paradigm shift in finance and economics will have to happen first. I believe that the prevailing financial and economic systems are largely incompatible with the system espoused by Bitcoin. There will have to be a complete process of restructuring.


Not really. The 21 million limit will not be reached before the year 2140. That's more than a hundred years from now.