It's very unfortunate to hear. There may be situations where you only have BTC in your wallet and no cash, making it difficult to use immediately. Additionally, if it is illegal to withdraw BTC in your country, that could pose further challenges.
I have faced this situation several times lately due to the high inflation rate that is currently hitting my local fiat currency, I hardly keep fiat in my bank because the purchasing power of my currency is steady decreasing against the dollar and Bitcoin as whenever I want to fund my account I had to pay way higher than what the price is the previous week or day, so now I resorted to saving small amount of in my bank because of this recent development with my local fiat currency, Today I went to purchase something worth big amount of money more than what I had in my bank account, then I had to withdraw but if it was a situation where the seller is a Bit coiner either accepts Bitcoin or any stable coin that would have saved me the stress. So, Op is lucky enough that the hospital owner is Bitcoiner and accepted to receive payment via Bitcoin. There was really the time when you find yourself in a situation where you need to make a purchase and wish to use your Bitcoin investment, you'll want to ensure that the merchant you intend to buy from accepts Bitcoin as payment. This scenario is common for Bitcoin investors due to its convenience and hassle-free transaction process. Because you can direct sending your Bitcoin to the merchant, unlike doing the process where you will first need to withdraw it and transfer it to a CEX platform before it can be deposited into your bank account. |
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After reading the previous comments, it seems you know the idea of investing in Bitcoin. Now, it is up to you to decide whether you should invest your savings in Bitcoin or not, considering your previous investment experience. However, you may also want to explore other opportunities in the cryptocurrency market, such as learning more about its history and other aspects. There is a lot to discover and benefit from in the world of cryptocurrency beyond investing in Bitcoin.
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It's common for newbies to have this mistake and invest in shitcoins. They may invest in these without doing any research, simply because they see a cheap price. Sometimes, people recommend these shitcoins to them based on their own gains. That's why it's important for new investors to understand that Bitcoin is a better long-term investment than these other cryptocurrencies, and to gather enough knowledge before investing.
I don't think it was common if they did the research before investing. Unfortunately, most newbies invest blindly and just follow social media influencers to the wrong investment and scam projects. Maybe we could say it was an excuse for them but they should be learning now because a lot of people shared their opinions and market experience from these altcoins. If they know Bitcoin, I don't think they have a reason to invest in shitcoins knowing that Bitcoin is a profitable investment. Knowing what we invested is very important, unless we don't care about losing our money. You mentioned how investors often fail to conduct research before investing. Instead, they tend to invest without having any knowledge about the market. The reason behind this is that their main objective is to make a quick profit, and they often get influenced by others or social media personalities. They end up getting blinded by the amount of money that others have made, which is why this is COMMON. |
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Many countries accept bitcoin payments? Can you tell me which countries use bitcoin as a payment method? Additionally, which countries and how does bitcoin bring financial benefits?
I am not sure about all countries, but in our country, there is a place where you can pay with Bitcoin. We have a local wallet that is mostly used for transferring payments. If you have come across a specific thread that talks about Bitcoin payments in Boracay, which is located in our country. According to the thread, there are over 400 merchants in the area that accept Bitcoin as payment. However, from what I know, most of the users who use this payment method are tourists. |
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The important thing is that they are both safe, and that the doctor was willing to accept crypto as payment.
On times like this we would really feel some relief from our part knowing that we wouldn't have any problem about payments or money.
I experienced it before when I run out of cash or fiat, and only have crypto currency when I was out of town for vacation with my friends.
This thread was posted in 2022 and right now, his child has been around 1 year 8 months. It is almost similar with my child age. Well, and this was a great experience, not only about the birth but also the way to pay. Fortunately, the birth is in a private clinic I think, so it means that the doctor may be the one who has the clinic. So, he could easily give payment directly by transferring from wallet to wallet. I don't know what the regulation of using Bitcoin as means of payment in his country, but the fact that they used the payment directly, it seems no matter, as long as it still became a secret in their real life. For, in my country, Bitcoin is illegal if used as payment directly. So, whatever the condition, if it is in hospital or other publics spaces in which not a private clinic or something like that, it will not be able to do it again. It's also illegal where I live so there are almost no offline transactions that can be done using Bitcoin payments, because the government is very strict in monitoring finances if there are service sellers/shops/services that use/accept BTC as payment It's very unfortunate to hear. There may be situations where you only have BTC in your wallet and no cash, making it difficult to use immediately. Additionally, if it is illegal to withdraw BTC in your country, that could pose further challenges. |
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Just as the title of this thread, your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.
Let's take a look at the market today, Bitcoin is trading at $41800-42500, but almost all the shit coin as the name implies have fall drastically from grace. They don't know that altcoin fall more than they rise, and most times it will totally refuse to return back to the price you actually bought it, and you will be forced to sell at a loss.
Think of those guys that have DCA into Bitcoin for years, how profitable they would have been now.
In other not to get burned, start DCA into Bitcoin now and seat by and prepare for harvest during the bull run.
It's common for newbies to have this mistake and invest in shitcoins. They may invest in these without doing any research, simply because they see a cheap price. Sometimes, people recommend these shitcoins to them based on their own gains. That's why it's important for new investors to understand that Bitcoin is a better long-term investment than these other cryptocurrencies, and to gather enough knowledge before investing. |
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I did read something like that that there is a Bitcoin deposit and withdrawal in Metamask, but I have not tried to do that. I'm not comfortable, and I don't have confidence. There are really different wallets that are really for Bitcoin, like Electrum, Exodus, and others.
Yeah and why do we need to risk when there are dedicated wallet for bitcoin ? for me this is experimental and may cause you losing funds , why need to use metamask when there are several best bitcoin wallet that we have been using over the years now. Then often having issues with metamasks is quite dangerous for me, and I also think that no bitcoin holders have tried that in my opinion on that matter that you are saying.
That is also correct , and for me this sounds a trap because of the issues metamask have been facing about their wallet , I have stopped using them back in the years. Yes, it appears that people are apprehensive about risking their Bitcoin by sending it through Metamask. There has been a discussion around the possibility of it being an error, as the information provided suggests that the EVM of Metamask is not compatible with Bitcoin. To prevent the risk of losing funds, it would be wiser to wait for an official announcement regarding this matter. |
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Not totally it is our responsibility but rather be their own.
Though we wanted no one will fall into scam projects or be involved in such activities but sad to say that we can't make decisions on behalf of others. Too hard to influence someone if they also have different views and investment opinions.
Scams are not new to all of us but have to wonder why many still become a victims. It means that there is nothing wrong with the information but it is an internal problem.
Yes, it is our responsibility to learn about the things that interest us. They say knowledge is power, and if we don't continue to learn and actively seek out information, we will fall behind. When it comes to making decisions for others, it's not a good idea because it only creates dependency. It's better to let people gather their own knowledge and make their own decisions for their own benefit. We should not be spoon-feeding anyone. |
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Congratulations on your first Bitcoin! I hope this is the beginning of your journey towards regularly buying Bitcoin and building up a decent investment for the future. My suggestion is to avoid holding your Bitcoin on any exchange. Instead, I recommend using Trustwallet or Electrum to store it, or even better, investing in a hardware wallet.
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Rank- Full Member
Segwit BTC address: bc1qsqh0ur0wpxf4d5wynk7n8kyfz2qmyfqrf688x9
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A VPN can't always be used to bypass geographical restrictions and get full access to services such as gambling. Most gambling platforms that have restrictions for certain countries will ask their customers for KYC verification at some point, and that is when the people who are using VPNs will be in trouble because you can't verify your account if you are from a country that is restricted and if you have money in your account, you can't withdraw them without completing KYC verification.
Guess what, they can still trick the casinos by buying someone else KYC, so whenever the casinos ask to submit KYC, they don't have to worry since they already have a personal information of someone who live in that country. Of course there's always other risk of buying a fake KYC or there's other account using a same KYC, but it's what it's. KYC can't be used to fight against fake accounts, moreover we have AI that you can train and develop using someone else face. Yes, some individuals purchase fake identities that have been obtained through illegal means. Even if they can use such identities to pass the KYC verification process, there are still restrictions. In the event of any issues arising, like the one mentioned in the OP, they will have limited options to take action. |
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Do you mean people actually prioritize searching for ways to make money over learning how the technology functions? Rather than diving straight into information on how to make money, it is more appropriate for them to comprehend the risks involved. The more they understand the risks, the better equipped they are to make informed decisions.
Learning how to make money and how technology works and understanding the risks that can arise through this way of making money I think can be done by everyone at the same time. Because in one full day someone can see how to produce and the risks that arise from these methods and that person can also use time on the same day to see how any technology works with full focus on these three things. Because for someone who has full focus in studying anything, I think it won't take long to understand all three while learning something. Learning while making money in crypto doesn't always work in the same way for everyone. There are two main ways to learn crypto, by studying and through experience. Some people may not grasp a concept fully, even if they spend a lot of time studying cryptocurrency. Reading and doing research alone may not be enough to give them the same level of understanding as crypto enthusiasts who have been involved in the field for years. To understand what crypto is, newbies need to experience it for themselves. This can take time, but it is an important step in building a strong foundation of knowledge. |
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But I don't have any regret nor I feel hurt from their rejections, yes, they will soon see the result form our hard work and trust with Bitcoin. They will soon to get in touch and ask how?
It may not affect you, but rejection can be difficult for some. Many people avoid introducing Bitcoin to other people for this reason. Often, they fear being rejected because other people believe it is a scam. However, once those people see positive results from investing in Bitcoin, they become interested in learning how to invest. |
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I only use a small portion of my salary for gambling. Even if I win, it's not enough to start a business or do something remarkable with the money I earn. Usually, I just spend the money on simple things like snacks or alcohol to share with my friends. Sometimes when we win in gambling, we treat the whole squad to a round of drinks or snacks.
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this dear brother of mine lost some money to online Ponzi and since then he vowed to never have anything to do with online again.
I will try to introduce Bitcoin to him again, maybe he won't turn me down this time around? Since the job he is working is too hard on him and to invest on anything is getting harder.
Build your confidence first. Once you feel confident in your ability to explain Bitcoin, you can try introducing it to your brother again. Confidently providing detailed information can make it easier for people to understand and make them interested, even if they may have had negative experiences with it in the past, such as your brother. |
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Only a foolish person would put money above their life. Yes, it will hurt to lose money in worked hard for but money can always be made by the living. The only sensible thing to do is to pay the ransom and pray you get home safely. This is a good example of what can happen when you make your bitcoin hodlings public, you create a unsafe space for yourself.
Indeed. Life should always be valued higher than money. Even if you lose your Bitcoin during a dangerous situation, you can always earn or acquire it again. Therefore, risking your life for the sake of keeping your Bitcoin is nonsensical. In such a situation, it's better to start a new beginning rather than risking your life for money. It's unreasonable to have to decide between your safety and your wealth. |
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If you want to explain the basics of Bitcoin to someone, providing basic information is sufficient. If the person is interested in Bitcoin, they will likely seek out more helpful information to better understand it. It is also important for them to learn how to properly find information on the internet. Avoid spoon-feeding others, as they need to develop their understanding and skills.
Those who want to know about Bitcoin will of course look for various kinds of information about how to collect it and how to make a profit from what they collect, because if they only listen to explanations from other people and they have no interest in having knowledge about Bitcoin, of course they will just listen what we say and will not care about what we explain. Seeking our own knowledge about Bitcoin is very important, we will be able to learn what we know and what we don't yet get from explanations that tell us about Bitcoin, because it is impossible for people to teach us everything about Bitcoin that they know and we need to find out for ourselves. and if we encounter problems we can ask the friend who taught us. Do you mean people actually prioritize searching for ways to make money over learning how the technology functions? Rather than diving straight into information on how to make money, it is more appropriate for them to comprehend the risks involved. The more they understand the risks, the better equipped they are to make informed decisions. |
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In my experience, they're curious enough to learn more about it especially the money making part but that's the part where I stop explaining stuff because I want them to know that it's not fun and games to learn about bitcoin and that if they get into it, they're going to be experiencing lots and lots of emotions. I also don't like talking too much about it so I introduce them the basics and tell them that it's not all good when you invest in bitcoin and that they need to do their own research if they want to go further because I don't want to be responsible for what they may come to be when they invest, so far no one's mad at me for introducing them to bitcoin.
If you want to explain the basics of Bitcoin to someone, providing basic information is sufficient. If the person is interested in Bitcoin, they will likely seek out more helpful information to better understand it. It is also important for them to learn how to properly find information on the internet. Avoid spoon-feeding others, as they need to develop their understanding and skills. |
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As a member of a family and there is a gambling addict within, which method do you think it's the best to rip off the addict from your family member?
1. Talk to them and don't leave their side for too long, show them some love and make sure they don't have anything to do with gambling ever again, be soft and gentle with them.
2. Be harsh about it, force them to quit, let them know that gambling isn't this safe, bounce on them all the time because you love them, don't go any soft on them, because been soft won't make them see reasons why it's bad to be a gambling addict.
Which do you think it's best? Some people do think that been soft and gentle will be more effective and some people think that been harder on them is the real love here, they need to make them stop by force.
What do you think?
The first solution, if you plan to be by side all the time with a gambling addict, keep in mind that it's only helpful if you have a lot of time and can dedicate the whole day to being with them. However, if you stay on their side for too long, it might irritate them. The second solution may seem harsh, but sometimes it's more effective to show someone that there are consequences for their gambling behavior. Being firm and setting boundaries can be more impactful than trying to persuade them with kind words, as they may simply ignore you. |
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When it comes to having debt, whether it is small or big, is not necessarily a bad thing and is stressful, as long as you know how to manage it properly. It's important to use your debt wisely and allocate it towards investments or ventures that can generate income. For instance, if you use your debt as capital for a business that brings in additional income, paying off your debt and its interest will not be a problem. The key is to make sure that you have a clear plan for how you will repay your debt and that you are using it in a way that will ultimately benefit you financially.
Its not good ideas when investing using debt or borrowing money, we can't controlling price of cryptocurrency in daily day or monthly will earn profit or not and other side every month we have loan interest have to pay on time. Better preparing source income firstly bigger than with loan interested in monthly if want take borrowing use for investing in cryptocurrency. Another thing you must have saving money under 50% of amount take borrowing use for investing in bitcoin before getting loa. I did not suggest using borrowed money to invest in cryptocurrency. I specifically recommended using funds that can generate income. I know that it is not advisable to use debt to invest in cryptocurrency as there is no guarantee of when you will be earning a return on your investment. This approach will only prolong your debt problem. |
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