Bitcoin investors can never get rich if they invest long-term. Because the price of Bitcoin keeps going up and down all the time. That is why it cannot be said that one can become rich only by investing. Because if you invest then of course profit or loss can happen here.
Tell that to the people who bought bitcoin even at cycle peaks pre-2017. Not sure if they necessarily got rich because it will completely depend on how much capital you allocated, but I'm pretty sure a of them are doing well if they just held. |
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Anonymous platform, are you sure about that? The forum does not require members to do KYC but it is not an anonymous platform. There are Retention/ Privacy info. Read details. However, it is not completely private or anonymous. Your account has many factors such as email address, username, password, IP address and more. It starts from an email you use for registration. At the very least you can make it as anonymous as possible if you know what you're doing, using no-KYC and privacy-friendly email services and using Tor. Most modern platforms don't even work when used with Tor. |
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If anything, those are some of the most common opinions concerning Bitcoin. Not really sure about this one though: 3. Bitcoin can save the world
Bitcoin can "save" people in some cases financially, but people really like to totally overstate Bitcoin's importance as if it cures cancer or whatever. |
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Because most people still think that bitcoin/crypto is a scam. So, do you use cryptocurrency or crypto cards? What are your thoughts on it if you use it? If not, what's the deal?
Outside of paying through the likes of BTCPay/BitPay, not really. I'd rather spend my fiat. Not a fan of unnecessarily submitting more and more KYC documents to business entities unless totally necessary. |
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CBDCs are pretty much just fully digitized dollars with likely far more restrictions. Not sure about the economic impact being good or bad, but it's surely bad for the privacy of the masses.
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Stablecoins are not great but they could be useful temporary if they are decentralized, and they are not.
All stablecoins are controlled by central authority, and most algorithm bases stablecoins failed in this bear market and showed they are unusable.
Probably not great if you already have access to the USD to start with. Great for people who have shitty fiat currencies and want to gain exposure to a less-shitty currency such as the USD. |
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Not sure if I completely get it, but how is him turning to bitcoin going to help him in this case, or at least prevent what happened?
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Besides what others have said, bitcoin is obviously not without risk. The point is that you don't need to go 100% into whatever currency (or whatever investment or asset in general). Just place a smart allocation to bitcoin, and probably go mostly with the USD instead of the Naira.
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Looks professionally done in a lot of cases.
Easily at first glance. The AI is just having a bit of trouble with the symbols. An AI generated art and with just a few touch ups by a graphics designer(to fix the weird symbols) then there's an 80%+ chance I wouldn't be able to differentiate it from human art. |
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With the quality of the art and the speed to generate the image after the request (approx 1-2 min depending on the server load) I can see that soon the digital artists will be replaced by AI.
You can send a request with a description and voilà, you get your piece done in 1-2 min, in addition you get a few different versions you can choose from.
... And the software is still in a beta testing. After seeing what quality of the art is doing and it's capable to change and merge different styles, it's crazy!
I encourage everyone to go and check their discord, you will be amazed.
Partly, I guess. If you want something super specific(maybe concerning the entities in the art, or maybe you wanted a certain specific art style), a human artist would still likely get the work done a lot better; though a lot slower. ^Or at least for now, until the AI gets a lot smarter. |
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Now if Nigeria adopt Bitcoin and make great income from it and used it to develop the country to the world standard. Would Ghana, Cameroun, Niger and Chad and other nearby neighbours of Nigeria will reject the use of Bitcoin?
Why would that be the case just because Nigeria was first? Of other neighboring countries find out that they can take advantage of Bitcoin, they would jump in — regardless if they were first or last. |
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What matters most is how you leave impact to the other forum members because you are good enough and you can be a trusted quality poster. If that what is seen on you, no matter how stupid your username sounded, you will always leave a good image and that people will always look up to you as someone who’s name is highly reputable.
Yea, you can literally have a username like 0xbj23s and it wouldn't really matter. Also thanks to the merit system, people can easily see how sort of helpful you are without needing to dig through your past posts. |
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After reading the link by MK4 above, it means even innocent people are going to be affected. Some bad actors are making use of mixers, while some good people can also make use of it for privacy reasons. I am just thinking if I fall victim of this, that would be when I will know more that having full control over my own asset is so much important. Just that many people are ignorant that many stable coins can be freezed. Satoshi created bitcoiin for privacy reason and for people that have it to have full control over their own asset (bitcoin). But after bitcoin was created, are other projects which belong to centralized organisations that are moving crypto that should be decentralized towards centralization. But bitcoin remain decentralized and acceptable.
Quote from: https://www.theblock.co/post/162172/circle-freezes-usdc-funds-in-tornado-cashs-us-treasury-sanctioned-walletsAmong these addresses is Tornado Cash’s USDC pool, meaning those with USDC deposited on Tornado Cash may be unable to withdraw their funds. If anything, the shutting down of Tornado Cash's website actually hurts the everyday person and not the hackers. The authorities just shut down the website, but the smart contract is still live and running on the blockchain. The tech-savvy hackers can just use tornado cash via command line lol. |
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Deadline for cryptocurrency? No way. Cryptocurrency isn't for impatience people.
Or rather, investing in general — not just with bitcoin and cryptocurrencies. Something something stock market is a device for transferring money from the impatient to the patient (Warren Buffett quote); applies to bitcoin and crypto(some) as well. |
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It's one of those things that the earlier people did kind of a bad job with the naming conventions. But yea, not much of a problem since we can just use Bitcoin "network/blockchain/protocol" when not talking about the asset.
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Since Tornado Cash has been "allegedly" involved in high-profile hacking, they are definitely out to be frozen with their USDC wallets.
With things like these, you wouldn't have to worry about it if you are not money laundering or the source is clean. I'm not sure how you can prevent unnecessary hiccups if you were to receive one or something.
Tornado Cash is a mixing protocol that people in general use, of course hacker entities in various sizes would use it. You don't necessarily need to be a money launderer to want privacy lmao. |
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