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I assume that you are under 18.This complicates everything a lot.You can't turn any form of digital money(even fiat digital money) without a bank account.
Perhaps you will have to wait a few years,then get your ID and register a bank account+Localbitcoins account.
You could buy a gift card using BTC and redeem the gift card,then buy something you need.Show her the item you bought,instead of USD cash.I can't think of any other way.
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I am curious to see if and how the community here manages their Bitcoin holdings. This post concerns mainly the investors, not holders.
I think the majority of you hold Bitcoin to benefit from asset appreciation. e.g. You buy at $10,000 and hope to double or triple in the shortest amount possible.
My question is if you found any ways to leverage your Bitcoin while you hold it?
examples:
- Taking a collateralized loan - Where would you invest this loan? A business, real estate, etc.
- Putting it into a interest account.
- Lending it.
I've never used BTC as a collateral for loans,because I don't know which altcoin to buy and where to invest the funds from the loan. The only "crypto interest account" feature I've heard is the Blockchain.com 12% annual interest option.I might use this option one day.Maybe I should take a look at services like Nexo. I don't lend my Bitcoins,because it seems too risky to me and I don't want altcoins as a collateral. |
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There are wall street companies like Goldman Sachs that tries to get involved with crypto because they know what they are doing right now is really something special, crypto is the future and they need to be part of the future in order to survive, if they continue with traditional markets forever eventually that will go down, people will stop investing into companies in order to make them rich when they realize the companies they help are the reason why they are poor themselves and why those companies are rich.
So, wall street has to figure out a way to get out of traditional markets one way or another, maybe in 10 years, maybe in 50 or maybe in 100 who knows when but they have to, so the best way to start is to follow up on the newest trends which is crypto currencies right now.
WTF is this nonsense?Wall street to get out of the traditional markets?Wall Street IS A MARKET.  How can a market get out of the markets?I guess you mean that companies,which are trading on Wall Street want to get out of the traditional markets(which isn't the case,they simply don't want this). I don't believe that the Goldman Sachs guys think that cryptocurrencies are the future.They just view crypto as a way to diversify their assets and to get some profits.A bank like Goldman Sachs will never go "all in" on crypto. |
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Bitcoin is generally a coin that is good for our daily and future transactions, but I do notice that some class of people fine it difficult to go into trading and buying of bitcoin, I really don’t understand the problems. How it the advice to them, And what do we think we should do to make some people understand bitcoin more better. Some mediocre do hear of bitcoin and see some advertising online, but they are still afraid, I really want everyone including mediocre to comfortable with bitcoin and make use of it in their daily transactions, Every single human makes use of money, I want every one to make use of bitcoin such as they do with money. I hope this is understandable to us.
People,who don't understand Bitcoin are not "mediocre". They are just cautious.Trying to understand the concept and the technology behind Bitcoin isn't that hard.The hard thing is to trust that concept and invest your time,efforts and money into Bitcoin. Bro,try to improve your English.Are you using Google Translate?Your English is broken and you are calling other people "mediocre". This is cringe. |
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Like the other forum members said,brute force attacking is pointless.You will have to try to remember the missing 6 words from your seed.Did you write down the seed words on a paper somewhere?If the answer is NO,then you are pretty much screwed,unless you have a good memory.
Perhaps you should try to study mnemonics(if I remember the term correctly),which is a science about how to improve your memory and how to remember lots of information.
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This chart is another proof that Bitcoin is not a safe heaven asset.Gold is still the one and only safe heaven asset,while BTC and the US stock market are following the same price patterns.
I guess that the COVID-19 announcement made by Trump scared a small part of the traders,so they sold stocks and bought gold,but this is only a short term impact.The US stock market is going to be crazy in the next few months.
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The country with the biggest reserves is China.Gold reserves aren't that important anymore.We are living in the 21st century,not in 19th century.Technology is more important and more precious than a shiny metal.
Good diplomatic methods can't make a country into a global leader.Economic and military power are the most important factors.
By the way,I don't see Quebec leaving Canada and joining France anytime soon.People in Quebec are french speaking Canadians,not French.
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Obviously,he an "anti-bank" guy.No wonder that he is looking to financial alternatives.Having a bank deposit nowadays is like giving free money to the banks and getting nothing in return.
I don't believe that this guy will popularize Bitcoin and bring new people in the Bitcoin army.
Anyway,he is a living example that old people can be pro-Bitcoin and buying BTC is not that difficult for a 70 year old guy.
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1.Bitcoin will drop under 10,000 USD again for sure.We just don't know when it will happen. 2.Where are the "young investors and crypto enthusiasts"?I don't see them.Maybe there are a few new investors here and there,but that doesn't lead to a "snowball" effect,driving the cryptocurrency adoption even further.There's no impact over the Bitcoin price as well. The assumptions about an army of new investors and crypto enthusiasts joining the crypto world are just wishful thinking without any facts. |
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I assume that you are already familiar with stablecoins like Tether,so there's no point of asking your question. There are 5 popular stablecoins,nobody is going to reveal to you a secret super stablecoin that has 0 price fluctuations. Such stablecoin doesn't exist. If you are so afraid of price volatility,then why you are trading and HODLing cryptocurrencies,especially Bitcoin?The skilled crypto trader/HODLer should not be afraid of any price fluctuations and should not let his emotions take control over his trading and investment decisions. |
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list of the countries that have the most Bitcoin HODLers
1. The United States
2. Romania
3. China
4. Spain
5. Japan
6. Switzerland
7. South Korea
I usually don't trust such lists,because the information can't be verified and I'm surprised that Romania is ranked at number 2 for the country that has the most Bitcoin HODLers.This is weird.There must be a reason why there are so many Bitcoin HODLers in Romania-probably due to cheap electricity for crypto mining or very liberal cryptocurrency trading regulations. |
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With blockchain technology into usage every sector serves to function in a much efficient way than the traditional system. This statement isn't proven yet.Blockchain technology is more secure,independent and transparent,but it still isn't more efficient than the traditional centralized systems. That doesn't mean that the blockchain technology won't improve it's efficiency in the future.There's room for improvement and further growth and adoption. You are kinda wrong about road taxes.In my country,you pay road taxes only,if you are actively using your car. |
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Taxi drivers will also lose their jobs,when autonomous cars become a thing.
Unfortunately this is how the civilization works.New technology replaces human labor.People,who work in low and minimum wage jobs and are performing repetitive tasks are pretty much screwed.
However,I don't believe that this Spot Robot will be mass adopted by the small businesses anytime soon.
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I don't understand , I live in india and here we can use UPI like google pay and phonepay to easily pay money within seconds and a touch and no extra cost or transaction fees is taken . But when i try to ay with bitcoin like 1000 ruppes i have to pay around 120 ruppes in fees to get the transaction done in 10minutes . So for a order of 1000 i have to pay 1120 ruppes and also wait for 10minutes for the transaction to be done .
So why is bitcoin or any other cryptocurrency more reliable or disruptive if it cant even help me in paying a simple small amount . Can somebody lease elaborate what i am missing here . Thanks in advance
The whole problem is that Bitcoin transactions are irreversible,while fiat money transactions can be reversed. This creates a risk of scams,when dealing with crypto/fiat transactions. The increased risk of scams leads to increased fees and other obstacles,like KYC(ID verification) and different kinds of limitations.Basically this is what stops mass Bitcoin adoption worldwide. By the way,I wish I had Google pay in my country. |
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Crypto owners especially who do trading occasionally or regularly in exchanges, everyone is facing two big problems
1. Compromising their privacy because these exchanges will ask your KYC at some point
2. Risking of losing fund from a hack.
Now when government agencies ask for clients details then it is worse. We really need more people to be in crypto so that we can find available people in our local area or even in the shops where people can exchange their crypto openly without losing their privacy and risking to keep their coins to a vulnerable area.
We can't compare government agencies to hackers and crypto exchange platforms KYC. It's OK for the goverment to ask you about your financial status and all the assets you possess.The problem is how good the government agencies are at keeping this private info safe and preventing data leaks. If the New Zealand's tax authorities want to help,that's fine,New Zealand is one of the best countries in the world,in terms of living standard and business environment. |
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Patents are distributed across countries by nature. There is no single registry for patents, but many dispersed around the world. Hence, the idea of a distributed network provides a smart solution to patent offices. No country in the world will give away it's authority,when it comes to patent approval under it's jurisdiction. I get your idea about a global blockchain-based patent system that will replace all the national patent offices,but this simply can't happen. By the way,I'm not a big fan of the patent system,because the newly patented products and services are way more expensive than their actual value is(due to the patent royalties paid to greedy companies,that own the patents),which is kinda unfair. |
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Time is not on our side, 18.5 BTC has already been mined. So it means that only less than 2.5 BTC is left for us to grab and accumulate overtime. So make the right choice, invest while there is still time, as there will be demand in the future because supply is getting short.  https://coinmarketcap.com/Invest in what?Buying Bitcoins or buying mining hardware? Anyway,the expectations that the future demand for Bitcoins will explode are becoming somewhat naive. In 2020,we had trillions of USD in stimulus packs,a global recession and Bitcoin halving,and yet the BTC demand didn't explode and the price didn't hit the moon. You are wrong that only less than 2.5M BTC are left for us to grab.The crypto traders are selling thousands of Bitcoins every day,so there will be more opportunities to buy cheap Bitcoins and we don't have to rely on buying only freshly mined BTC. |
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Do you expect taxes on Bitcoin to become more popular as the community of users grow? No way.Are you kidding me?Bitcoin users will always hate to pay taxes,it doesn't matter how popular Bitcoin has become or how low the capital gains tax rate is. The bill is what it is-a bill.It is still not accepted as a law by The Knesset,so we are discussing assumptions and rumors only.If Israel recognizes Bitcoin as a digital currency,that's would be nice,but nothing will change drastically.Cryptocurrency adoption in Israel will not increase,just because the capital gains tax rate over cryptocurrencies has been lowered. |
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Nope,not a single one of your so called "predictions" actually happened.
Did you predicted the FinCen scandal or the second COVID wave in western Europe?
You have so much posts and activity on the forum and you got only 6 merit.This proves how little value your posts bring to the forum.
Please learn more about technical and fundamental analysis.Predictions like "this happen after 10 days and that will happen tomorrow" sound kinda amateurish.
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I think that topics about DeFi belong to the Altcoin Discussion forum.
Nah,DeFi can't push Bitcoin to the next level.To me,DeFi is just another buzzword and will build temporary hype around ethereum,just because it sounds cool and innovative.
All those HBTC,HLTC,HBSV,HBCH are just tokens backed by BTC,BCH,LTC and BSV,right?
I usually don't trust tokens,which are backed by other cryptocurrencies.
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