Some folks despite the visible positive impacts of cryptocurrencies and reviews from Jack Dorsey, Elon Musk, Michael Saylor and other popular crypto advocates have refused to change their stance on it. They don't just oppose Bitcoin or other cryptocurrencies but they wish it would die. For example, Buttcoin is a reddit forum where Bitcoin is "crucified" daily. In that forum, Bitcoin has been called "a scam", "a negative sum game". Also, David Gerald who is an anti-crypto activist has publicly cleared his hatred for cryptocurrencies and blockchain technology. According to him, “I think the future of cryptocurrencies is that it will become increasingly regulated and normalised. People want regulation of this because they want to know where they stand and what they can do with this sort of thing. I think that speaking technically they are junk-quality assets. They are not backed by anything they are volatile as hell. They have a price because people will pay for them and that’s all.”
My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?
I think it was due to misunderstanding about what bitcoin really is. Most common people who hate bitcoin are newcomers, close-minded and already give up on understanding more of it. Or maybe they are swallowed by their greed to earn easily and faster but they didn't successfully did it that leads them to think and convinced that it was only a scam. Or maybe they didn't get what they are expecting from it. They have always believed that bitcoin is a pyramiding scheme, and those who have invested in a double your money scheme or HYIP and have been scammed will tell others that bitcoin is a scam, even though it was the person who deceived you and he simply used bitcoin as payment. Newcomers and those without knowledge generally despise bitcoin because they either don't understand it, scammed by others, or are simply jealous of those who can afford to buy a bitcoin. |
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all about the cold war that entered the economic realm between countries. The pandemic has changed the way they view the economy today. We are far from underdeveloped and of course if we talk about which country will grow first after the pandemic, the answer is still the country that supplies vaccines to each country and makes it dependent. Look at what Cuba is doing, they are better off developing their vaccines than having to be shipped from every country that deliberately supplies them to be consumed every day.
right, vaccine-producing countries will certainly not be affected by the pandemic, instead they will be richer by always producing vaccines, especially when it is reported that covid is always mutating, of course there will be more and more vaccines needed by various countries I believe they were also affected by the pandemic; we are all affected by the pandemic; the difference is that they did not lose their businesses or jobs. These are the people who make a lot of money or make their business make a lot of money. We all know that vaccines are in high demand across the country, which is why they produce and sell so many. They make a lot of money because of the pandemic, and most 1st world countries benefit from it, while 3rd world countries suffer, such as ours, which has a shortage of vaccine and is in the 5th wave of covid because the cases are increasing. |
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You can keep up with the price of bitcoin if you have good timing and are lucky. Other then that its pretty hard, close to impossible. Btw i think if you play it well and have some luck, you can become a billionaire, or atleast you are on a chance to become one, which other then bitcoin would never had been possible.
It is extremely difficult to keep up with the current price because the price is so high that only the wealthy or those with substantial savings can afford to buy bitcoin. We all knew it was a high-risk investment, but if it pays off, you could say you'll make a lot of money and become a billionaire, just like you said. The majority of people here would advise buying on a dip, but when is the best time to do so? It's not about chance; it's about reading the chart and predicting the bitcoin's next move. |
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I am investing Bitcoin today even if the price is still very high and risky. I still believe in some speculation that btc will rise up to 100k$ before the year 2021 end, that is why I buy some Bitcoin and hold it till the price reach up to 100k$ may I know what are you thinking this time is it a Time to buy or hold or what ?
Currently, bitcoin price around 40k$. I don't know if bitcoin price will reach 100k$ this year or not.But if you invest long term with bitcoin. At price 40k$ you can be bought and You can hold BTC for the next 2-3 years. I'm sure you'll get the profits you deserve. Agree Don't be tempted to sell it too soon. Consider how cheap bitcoin were 2-3 years ago; if history repeats itself, this will most likely happen again in the coming years. Simply keep your bitcoin and wait a few years to see how much profit you make. There are a lot of people who own bitcoin nowadays; they keep it in a ledger or hardware wallet and keep it safe; they don't think about it all the time so they don't get bored waiting for the price to rise. If you have some spare cash to invest, bitcoin is a good option. |
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In simple terms, in general, all goods are produced with limited supplies, of course, these goods will have a high value if the demand is large, as well as bitcoin because the increasing popularity and adoption will make bitcoin even more valuable, and for now I think many people still use fiat currency to make daily payments instead of bitcoin, because they realize that bitcoin is better as an investment asset.
Agree. Law of supply and demand. Consider how cheap bitcoin was when it was first released. Now that the price is very high, it means that a lot of people have it, which is why the price has skyrocketed. Bitcoin as an investment is also very good, but before a few years ago, I would say that bitcoin is for payment because it is fast and easily trackable, which is why it was created, but now the main purpose of bitcoin is as an investment because we can't deny its price, which is very high and could make you very rich. |
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I personally make a box containing the keywords of all the wallets that I use. And I told my family the box could be opened if I was gone from them forever. And I assume when the time comes they won't understand how to use it either, but I've made a message to where they ask and find out everything, I'm giving this forum link and hopefully when the time comes all my legacy in the wallet can be inherited safely without the intervention of others.
This is a good idea, keep everything in a box, we have to make sure that the box is safe from damage or theft, the next step is to tell about crypto. Sometimes it is not easy to tell details about crypto to the family, the easiest way is to convey that crypto is the same as stocks and can be sold, then they will easily understand. Agree. He has a brilliant idea . I would try to do this also though i am still young but we really dont know when our death arrives so we should be ready. It good to save all the private key or phrases in paper then store it in box or anything, informed you family about it then it is not necessary to teach them crypto they will know it later on and discover how to open your wallets. |
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my business is very busy, i don't have time to try to find money from online other than my signature campaign. those who make money online certainly want to have more income, it's very human as long as you don't get into the online scammer business that is booming.
Taking the time to make money online in the signature campaign is very good for increasing knowledge and of course additional income, I also only followed the bounty signature for almost 5 years, I have benefited a lot from the crypto industry, especially effective marketing strategies like ICOs because I work in property marketing . I also tried my luck by following the signature campaign, at least there were ups and downs as long as I followed it. sometimes the project that I choose is a scam or not paid at all, or when the token is distributed the price is dumped so that it becomes worthless. until now I choose a new project with a good bounty manager, so I can minimize scam projects Most of us, I believe, go through these kinds of ups and downs. For those of us who have been on this forum for nearly 5 years, we can honestly say that the ups are fantastic and the downs are tolerable. I know you used to earn a lot of money before, and most of the campaigns were well-paying, but now there are only a few, which is also great because it could really help people like me. The best thing to do is read before joining the campaign because you will get an overview of what the project is about and whether it is worth it. Also, we should rely on a reputable campaign manager, as the majority of the time, this will result in a successful campaign. |
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see how many crypto online casinos have sprung up, that means the interest of casinos who want to get into crypto is very high
I am 100% sure that offline casinos will not refuse the huge profits they can get if they accept crypto
there are so many conveniences and benefits that players and casino owners can get if they adopt cryptocurrency
Not until 5 years from now for sure, we will see physical casinos accepting the crypto increase
It will happen eventually but right now, casinos are working well thru their online platform and maybe some of them already accept crypto. The adoption for this currency will happen at the right time, but since we are still on a pandemic some casinos still don’t want to take the risk of accepting crypto, we are still far from that. It will continue for the future as the offline or online casinos that accept fiat will learn more about crypto before they accept crypto. Once the fiat casino accepts and integrates their payment with crypto, it will reach more people to their casino and that means those casinos will have more chances to make more profit from crypto. They can have an investment in crypto from their winning from the gamblers and their casino will get more members from people who use crypto. You have a point, but it is currently very difficult because most of us dont use cryptocurrency, and the current situation is that most people would rather go to a gambling website than a physical one. Fees are also a major obstacle, as they are extremely high. If I have a cryptocurrency and am playing at a physical casino, I believe I will pay with cash or a credit card because it is more convenient. However, we can expect a large number of casinos to accept this method in the future. |
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Theres two main costs to gambling, money and time. Set a budget for both or either and you will likely avoid drifting into some habit that is uncontrolled. If not especially disciplined to do either limitation then keep your bets small and varied rather then big bet on outcomes hoping for a pay off. The best betting is regular and planned over time, avoid drinking while betting or while drunk is also advisable as that would throw the plan out the window. Best rule overall is just have a set budget, only bet upto that point and resolve to come back another day not every game will be won.
Those are disciplined gamblers. Unfortunately, a lot are degenerate. They don't know when to stop because they are following their desires. I guess that's really hard if you are too deep in gambling. That is why, before you become one, make sure that you are still keeping track your gambling activities and self-control. Because once you break your habit, and got too deep in gambling, that's when you will have more troubles and getting out would be a challenge. When you start winning in a roll you will forget discipline and on the next roll, you lose all. There is only one way and that is to decide how much money you want to invest in gambling? Set a benchmark and try to stick with it. I know it is hard but that is all you can do. The problem is always the temptation of winning and greed. The most serious issue is greed. There are also instances where if you lose in a roll, you will double your bet in order to recover your losses, but the result is that you will lose again, and then you will quadraple your bet in order to recover your losses, only to lose again. This is a very bad move, as well as greed, which will result in you losing a lot of money. We also tend to be overwhelmed when we win, so we overbet, which will result in a loss. So that we do not lose a lot of money, we must control ourselves and our emotions. |
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Of course, we can live without bitcoin or cryptocurrency because we are already born without it and we have become aware of the use of fiat currency. But now that we are facing the covid pandemic and I am one of those people who lost a job, I can also say that I can't live now without cryptocurrency because currently I'm earning just through crypto.
It's unfortunate that you lost your job, but it all depends on the people, because people like you rely on it to buy food. Those who only make money through crypto currency could still leave; this isn't to say that if you don't have bitcoin, you'll die; this was just a metaphor; it's not like breathing air, which would kill you in less than a minute. You can live without a bitcoin, but having one makes life easier because you earn more money and can do it as a side hustle. |
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i think elon is not alone behind this scenes cause Whales like elon mask, mcAfee & others use their popularity and fame to manipulate market and huge impact we had seen on doge. people won't forget what mask had done to them! i dont think doge holders would like to hodl long & wait bounce back of doge, cause there is no hope as sunset of doge is already began
You have a point but when we are saying that elon is pumping/dumping the coin this is means he is very influential because of his supporters, we could say that his supporters are also one of doing it since they are following what elon is saying and then big companies or people are also doing this . A very popular and very rich person could really affect the price. |
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I am not sure bitcoin needs to solve this problem. And I don't think it can. Bitcoin first and foremost should be a change in people's perception of what money is and how it can work without big institutions and governments. If it does just that, then its purpose is complete.
Well, if bitcoin reached the mythical prize of billion dollars a piece, I think that it can solve of course it's not the problem but that's selfish way of mindset especially if you have a family, are you going to leave a broken and chaotic place to your future generations knowing that you can solve it, of course it's a collective effort but it can always be done. I agree, but at that price, I believe it is impossible, but if you have a large number of bitcoins, it is possible. It's like if you find a treasure, which we all know will be substantial, it could make anyone wealthy, and we all know that if the government intervenes, it will be with government funds. However, when it comes to debts, I don't believe it can solve the world's problem, but it can solve personal debts, as the price of bitcoin is extremely high, allowing anyone to solve their debts. |
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There is currently quite an effort on using these techniques in games that should not be about gambling or chances playing and some people may find undesirable. Is this going too far? What type of effect may this game on underaged players?
Of course, there will be an effect, children know that gaming is for fun and they are developing their skills on judging a situation, but if you put gambling alongside gaming, children will be confused because they are presented with a luck-based game and this will be their introduction to gambling, which is not good for a very young age. I think they will not get confused because gambling makes you feel excited . If we talked children playing is the one they like but later on if they get matured playing is not really exciting anymore but if playing + gambling makes them excited again but it is not really good to them since they are young and they grow up finding that kind of feeling which makes them addicted |
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Moreover, for whatever reason it is true that the Casino does not need to be held accountable in such a way. We would find it very unethical if the Casino was burdened with the risk that should be on the side of the players. Everyone has their own responsibilities, if a gambler is really a gambler, how could they claim the risk that the gambler should bear.
There is really no accountability for the casino. It's known to be a casino and a gambler knows what he's doing and if he's down to gamble. And before he goes into that casino, login his username and password, he's aware of the possible drawback of his action. If it's a win, will he blame the casino? no. But if he loses, then that's the blame that will start? That's unfair on the side of the business that the gambler already knew its side effects from the very start. The casino has a responsibility when there is a complaint from your account then the support is ready to help until it recovers, if outside of that then it is not the responsibility of the casino but it is only outside the player how to play the casino regularly or not. I think a gambler knows the meaning of being responsible, so it is still within us that we must be prepared to take any risks, including defeat or addiction. The thing that we talk about is when the gambler becomes addicted and he just keeps on losing money. It's for sure that the casino will help with each of the complaints that have been sent to them. But if it's a different thing such as it's a behavioral problem of the gambler and he's the one that harms himself. The casino is outside of that scope already and it's the gambler's responsibility for every action that he does. Unfortunately, not all gamblers know how to become responsible. I havent yet to see anyone or a casino assist those who are addicted to gambling because of the games, but in our country, those owners are required to give a percentage of their income to the people, which includes those who are addicted as well as those who are hospitalized and do not have enough money to pay the bill. I believe casinos are advising their players about addictions, similar to how cigarettes and alcoholic beverages have warning labels, and we all know it is still our fault, not theirs, so we should exercise self-control. |
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yes maybe with the circle that more and more people are buying bitcoin this will actually make it very easy for the crypto world to be growing so rapidly and we really understand if many people will buy as many bitcoins as possible this will become more popular for the bitcoin world for the future. will come
I believe that since the pandemic, bitcoin has become more popular than it was a few years ago because people are more interested in making money now because of the pandemic, and the bitcoin price is also massive, making anyone wealthy, so people are curious about how to obtain one. We will greatly benefit from this, especially as the price rises. I'm just amazed at how popular Bitcoin has become these days; most people are now transistioning to the internet, and many people are familiar with cryptocurrency. |
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Let's accept it. Bitcoin is not practical for every day use. Not for the consumer not for the seller. It seems to be a good store of value but that's it. While credit cards are working perfectly fine, why make things harder for people? I know VISA and MC are getting rich from those cards but look what happened, VISA actually started to issue crypto cards and in the they still benefit from it.
it is more practical to use real money or visa in current payments. I still have a question, when the price of bitcoin fluctuates while the unit price of goods is still based on fiat money, then we can buy it with different bitcoin units. I think this is not practical for now, because for me bitcoin is more practical for making money, or maybe there will be a solution for this later You have a point because bitcoin is one of the payment methods, but what about the price, right? Is this subject to change? I believe not, because the price of bitcoin is volatile, which is extremely unfair to the consumer because it is the only way to pay. Using bitcoin to make money is a great idea, but I believe bitcoin was created first so that it could be easily paid online and tracked, rather than as an investment that will provide you with a lot of money. |
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You don't need any guide to gamble, just follow your mind and if you are that lucky you will always win even after many loses. This is how many starters are losing as they start and even the experienced ones. Following the thought that you're lucky within the day and you just have to keep going until you win and make yourself lucky for every bet that you cast. I agree that there's no need for a guide but about following your mind, sometimes it's also fooling us that we can win with the next bets that we do even if we've been losing that much already because you're playing mind games that it's not yet enough to stop. And if you don't know how to play casino games, you can check casinos here which are giving freebies/satoshis to check their site. If you are not yet comfortable, don't send money. Try their free tokens or coins to play. Most of them are just similar with each other. Most classic games like dice, crash, keno and several others can be played without a guide. Or if you want, you can easily hit the google search. Remember, play small if you are just starting and if you don't know the reputation of the site. Stick to reputable ones here first. Most gambling sites now have faucets or free tokens for newbies or new players so that they can learn how to play and what controls they need to use. Claim some of these and learn the game and feel comfortable using them for free. If you're new to the website and the game you're playing, this is highly recommended because it will make you feel more comfortable playing it and starting with your own money. You could also go online and watch and read some guides and tips and tricks videos/blogs. |
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I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
It's not a bad thing to hold bitcoin for the long term. Especially in the class of bitcoin, which maybe we already know what it's like all this time. Since bitcoin was founded until now bitcoin has shown that it deserves to be the best coin so far. We hope the future of bitcoin will be better in the future. Hopefully other coins will also follow suit. So don't hesitate to keep your bitcoin long term. Agree, but continue to trade while holding bitcoin. Holding a bitcoin takes time, but you're not doing anything but watching the price, so while you're waiting for the price to rise, do some trading if you have some spare cash. Though both are risky, holding a bitcoin has a better chance of yielding a large profit. However, the decision is yours; this is simply my opinion. |
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I was also not directly affected, but in my country Covid had a big impact, many companies went bankrupt due to social restrictions for almost a year, of course, causing a lot of unemployment and crime to increase.
It depends on which sector you are working on. If you are in some unorganized or informal sector, then you may be unfortunate to find yourself out of work. Also, certain organized sectors, such as hospitality, food, aviation, tourism, retail trade.etc have fared poorly during the pandemic. It also depends on how the government handled the situation. Some of the governments had enough funds in their treasury, to hand out unemployment benefits. But that was not the case, especially in third world nations. I am also grateful that during the pandemic we almost never leave the house, except to look for sun and basic needs. It's just that I hope that covid 19 will end soon, because in three months my wife will give birth. I am worried about this because we will be in a public space. But I already have a plan to be able to give birth in a special hospital, not a public room. Indeed, it is easy to do for people with stable incomes and vice versa, this pandemic will be difficult for people with below average income. especially with this condition, many also lost their jobs and hopefully this pandemic can end as soon as possible, I pray that your wife can also give birth safely in the midst of conditions like this It will take years, if not decades, to put an end to this pandemic. We should get the vaccine so that we can all benefit from herd immunity, which would put an end to the pandemic. Our country's unemployment rate is rapidly increasing, and a large number of people have lost their jobs and are begging the government and the streets for food. We are in a third-world country with a large number of unemployed people, which has now doubled. I also lost my job, but after a month, I was able to find a new one, for which I am grateful. I hope your wife gave birth to your child in a healthy and normal. Brother, best of luck. Congratulations on becoming a father. |
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They'll get the money to gamble from their parents, they'll look for a way to cash it in and then so that they can gamble with their parents' money. These influencers should always put a disclaimer that the young viewers that they have shouldn't gamble since they have no money to gamble and teach them to be responsible first before trying anything crazy that they have on their minds like the perfect example of thinking that you can make 10x or more. I've thought of that when I was a teenager that has saw gambling in my neighborhood.
And worst, some will use credit card /details from their parents just to sign up especially if they encounter fiat-based gambling sites. In this case, it is really important to instill with your kids the importance of money and the effect of gambling. Even at early age, they need to know about the possible consequences, so when they finally encounter it via their peers or online search, they already know what to do. Agreed, it should be the parents' responsibility to inform or educate their children about the risks and dangers of the internet, as we all know that most children are already casually browsing the internet and are curious. I remember seeing on social media (this isn't gambling related, but it's close) a kid using his father's credit card to buy a lot of virtual items, and the kid thought it was fine. There are many temptations online to which the child may succumb, so parents should guide them. |
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