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I trust it enough to use it, not to hold it. But who's holding stablecoins anyway, right?
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I never did. I was always using OWNR wallet. I think that if people didn't think about using something else besides exchanges after the FTX crash then nothing will help them.
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Most of those coins are dying in a few weeks anyway. I'm not wasting my time on that, it's better to watch the projects with at least some lifespan, good developers, and some usefulness.
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I don't think someone should be convincing you or anyone else to buy Bitcoin. If you're interested - do some research and make a decision if you're willing to take the risk.
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Hello everyone.
Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.
Just an asset? what about a currency as its stand by the name? though many of us threat this as asset yet some are still use this as Currency so why ? cannot we consider this as Asset at the same thing as currency? O think for most of us BTC is an asset, not a currency. I wouldn't want to waste my BTC on coffee, clothes, or something like that. I mean, it definitely can be both, it just depends on perspective. |
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High transaction fees don't make me stronger, because I never tried to sell my Bitcoin, I don't care about fees and transaction time. The price is not so good to buy it anyway, especially when you compare it to what we saw earlier this year.
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At $100k I'll sell part of it, then wait for the drop and buy some of it back. A simple plan, but when will it be executed - I don't know.
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In my view, the reason why Bitcoiners still use centralized exchanges can be explained by several factors. One of the main reasons is the convenience and accessibility that these exchanges offer. They make it easy to buy and sell Bitcoin for fiat currency and have a user-friendly interface. Moreover, centralized exchanges tend to have better liquidity, allowing for quicker trades at favorable prices compared to decentralized exchanges.
That's true. Exchanges are mostly used by people who just want an easy way to invest in Bitcoin but don't care about anonymity, or just didn't do their research and not looking for a better way to store it. I always kept my Bitcoin in a non-custodial wallet, I'm using OWNR, but there are a lot of other options. A cold wallet is the best way to store Bitcoin, but IMO only if you have a lot of Bitcoin. |
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Gold will always win.
How and why? You should bring some arguments, otherwise, that looks like you don't know what are you talking about. |
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You can't know that for sure, only when someone actually says that he lost access to his wallet. Tbh this is the only thing I don't like about Bitcoin. At some point, it seems like 5 million or even more BTC will be lost and never be used, and that's not a good thing considering there can only be 21 million.
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can Chatgpt predict bitcoin bullrun? It is an a interesting article about asking chatgpt about bitcoin price. As a trader we do make a lot of research to somehow predict the possibility of price increase or drop in the market. The Ai answers was taken all over the internet maybe it could possibly predict the price. If there is a bad news about bitcoin the price of bitcoin could drop a small percentage depends on the news. If chatgpt could see all of that it maybe it could possible be predict future prices? or make a trader bot?  According to ChatGPT, BTC’s price is expected to continue rising and break new all-time highs between 2023 and 2024 due to increased adoption (by companies and institutions) and as BTC’s appeal as a hedge against inflation grows.
I asked ChatGPT Bitcoin’s price trajectory, it gave me this warningTBH it seems like ChatGPT says everything and nothing all at once here. I believe in Bitcoin, but I wouldn't trust AI at this point, it's not as good as you might think right now and there is a big room for evolving. |
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<and the reason I hold btc is because I believe the price of btc in 2024 will be high .....
While we believe that bitcoin will rise in the long run, it's crucial to set a selling goal as holding onto it indefinitely isn't feasible. Our investment goal is to reap profits, but not having a selling target could lead to panic selling during bear markets and loss. I've learned from past experiences and now adhere to my game plan to avoid being driven by emotions. Being greedy will ultimately lead to disaster. Exactly. The best decision is to make your target and works towards them. In the long-term BTC will get higher, then there is no point in being nervous because of short-term fluctuations. |
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Mining is an extremely productive part of the business. Mining of cryptocurrency is the process of confirming transactions before they are placed on blockchain. China is the world’s largest producer of bitcoin mining. There are 6 major mining farms in china presently that produce 60 % of bitcoin supply all around the world!
What is your point of you on this?
I think it is great that China is the world’s largest producer of Bitcoin mining. This shows how powerful and influential China is in the cryptocurrency industry. With the amount of Bitcoin produced in China, it is clear that the country is a major player in the cryptocurrency market and is likely to remain so in the future. But this data is outdated, China is not the top miner currently. Check it from here: https://worldpopulationreview.com/country-rankings/bitcoin-mining-by-countryUnited States: 35.4% Kazakhstan: 18.1% Russia: 11.23% Canada: 9.55% Ireland: 4.68% Malaysia: 4.58% Germany: 4.48% Iran: 3.1 |
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It's not just an Echo now, the history is almost repeating. Last time we didn't have Bitcoin, but now we do. I wonder where is it all gonna lead us.
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NFT trends come and go, I don't think it's really worth trying to follow it tbh. I think you need a lot of luck and market knowledge to make money there.
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I invest in Bitcoin because I know I'll be able to return at least 2x from it in the future, and it's in a bearish case.
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I think two ways to keep your private key and/or seed phrase - to write it on paper and keep it somewhere safe, and to keep a screenshot somewhere deep in your PC and not upload it anywhere, that way you'll keep it in 2 places and if one will be lost you'll be able to recover it.
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Never heard about half of those coins to be honest. Exchanges are dying month by month, FTX was only the first. I think we'll lose at least one more this year.
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It's definitely not worth the trouble. It's better to not be in prison if you can. You're still able to buy BTC secretly, I'd suggest you do that and I hope everything will be ok with you.
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I wonder why were you interested particularly in NFTs as a beginner? I'd definitely not recommend it as your first purchase, but I'd like to hear your story.
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