I don't invest money easily in any asset because of fear of losing that money. i think of investing 80% of total savings.
do taking risk is important or not?
please quote all question and answer it's very helpful for me and others.
No doubt that you are going to have a hard time making some money in the crypto space, if you are not ready to lose any money you shouldn't be in the crypto space, even the safest asset in crypto ( Bitcoin ) is still risky, so the fear of losing money is not something any crypto investors should have in them. @OP should accept the fact that in every investment there is risks involved. The higher the risk the greater the reward but many are able to minimize risks through risk management one of the reason why many wealthy people hire risk managers to manage their investment. Also, 80% of your total savings should be in the bank, not in cryptic space, 80% is too high, I think that's the main reason you have fear of losing your money, and that's not a safe way to invest in crypto.
Honestly, it is a waste to let 80% of your wealth sitting on the bank. The interest rate in bank is too small comparing to the profit when you correctly invested it. Besides, if you put your money in bank, you don't have control over it, your money in bank is being used to invest and majority of its profit will never be given to you. There is also limit in insuring your fund. If your saving exceeds that limit and the bank goes bankrupt, anything exceeding that insurance will not be reimubursed and will be completely lost. So I think it is better to use the money pesonally for investment than letting someone use it themselves. |
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Convenience is one of the major reasons why most Bitcoiners use centralized exchanges. Aside from that, many incoming Bitcoin users are informed by the advertisement of these centralized exchanges. In short, centralized exchanges are the reason why these people get involved in Bitcoin so it is logical that these people who are informed by centralized exchange to use their services. That is what I think why most of us uses centralized exchanges the same way I also use centralized exchange because it is the one that introduce Bitcoin and other cryptocurrency to me.
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How come a holder did not transfer his bitcoins after being inactive for ten years i.e. in 2021 when the price of bitcoins peaked, but in today's down market why did he transfer his bitcoins?
No one know except the person who owns the funds but we might speculate something out of this. One of which is the possibility of the person needing a fund to pay for something if the movement is to sell the Bitcoin and convert it to fiat. Another reason would be he is just moving some part of the fund on different address for safekeeping. But whatever the reason is, it is not the first time we heard of a long time idle coins to be moved and sold at the market. |
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So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?
Depends on the negotiation. Sometimes when a person don't have any amount of money to pay for his debt, banks tend to confiscate any collateral you have given them. If in case your collateral are monkeys then bank will confiscate your monkey or any valuable asset that can be turn to fiat currency. In short, it all depends on the agreement. About Sri Lanka sending thousands or millions of monkeys to China, I believe China agreed to buy that numbers of monkey because it is beneficial to China, whether for environmental use, medical research or just meat demands. The process are done because two parties agreed. So as long as the two party agree, anything can be use as payment method. |
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The value of bitcoin can fluctuate rapidly and dramatically, sometimes within a single day. This can create challenges for individuals and businesses that use bitcoin as a means of payment or as an investment.
For example, if someone were to receive payment in bitcoin BTC for a product or sevice, the value of that payment could decrease significantly before they have chance to exchange it for a more stable currency. Similarly, business that hold bitcoin as an investment may experience significant losses if the value of bitcoin drops suddenly. This high volatility is fixed by converting Bitcoin payment in real time. The merchant who give options to pay in BTC uses a third party apps that have an option to either accept the BTC or convert it to cash as soon as the payment is received. So I do not think that the high volatility is still a challenge or problem for Bitcoin in terms of merchant accepting BTC. It has been long fixed. The only problem I see is the government regulation and its stand on Bitcoin being a legal tender or a mode of payment. the decentralized nature of bitcoin can make it difficult for government and regulartory agencies to monitor and control its use. This can create challenges in areas such as tax collection, money laundering prevention, and consumer protection. This might be a problem for the government but the decentralized nature of Bitcoin gives its user the freedom from the controlling effect of the government. There is always positive and negative points but I think Bitcoin is more on for the masses than being a tool of the government to milk its constituents of their hard earned money. Overall, while bitcoin BTC has the potential to offer many benefits ,its volatility and lack of regulation can create significant challenges for business, governments and us people around the world.
The government had already known the problem and created steps or system to at least minimize these challenges. The KYC on centralized exchanges, the declaration of accepting Bitcoin as mode of payment and some country as legal tender, creation of regulation where in it impose the government demands toward using Bitcoin. Bitcoin has no problem itself, it is the government who wanted to have a share on the pie of Bitcoin Industry so they have to adjust in order to rake the benefits. I don't see any government problem on taxing registered businesses since these businesses are bound to report their annual gain and be taxed on it. |
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There are lots of new malware that were posted this year 2023, most of them are able to collect banking data so it is quite frightening how this malware is freely included on the apps we are downloading. Aside from that, mobile phone security are often disregarded. Published on March 28, 2023, the article[1] stated a new android botnet trojan being out to collect banking data Staying safe online feels like it's more challenging by the passing day, with even reputable password managers falling prey to hackers. Bad actors who cannot be bothered to develop their own utilities from scratch can even use turnkey solutions like MaaS (malware as a service) to infect devices and distribute a custom, nefarious payload. Security researchers have discovered the resurgence of one such MaaS called Nexus, designed to capture banking information from your Android device using a trojan.
Cybersecurity firm Cleafy analyzed Nexus’s modus operandi using sample data from underground forums (via TechRadar). This botnet was first identified in June last year, and it lets its clients perform account takeover (ATO) attacks for a $3,000 monthly fee. Nexus makes inroads into your Android device disguised as a legitimate app packing a malicious trojan on shady third-party Android app stores. Once infected, the victim’s devices becomes a part of the botnet controlled by the hacker.
Just to get updated on these malwares, this link[2] has the list of android malwares and viruses and some tips to protect our devices. Screenshot of the given list of malware apps 
[1] https://www.androidpolice.com/android-botnet-trojan-steal-banking-data/[2] https://www.malwarefox.com/android-virus-list/ |
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Long term investors are the real investors, is not easy to hold watch your money going down by the day, people who buy occasionally during deeps and store don't usually calculate current price action because they are after the future. Characters of holding includes not checking or bordering about daily price, not minding the reductions or increase in price, they're after accumulating more of bitcoins in units or fractions, not regular negative news listeners, and they barely tells if they've loss a lot from the system, finally they're very patients enough to wait for recovery and overflows in price. These holders that are able to resist panic selling when the Bitcoin market crash or temptation to sell when the Bitcoin price surge know the fact that Bitcoin is more essential and profit is way more bigger if they hold Bitcoin for more than one cycle. They don't get frustrated when the price is crashing because they know that Bitcoin is always 1 Bitcoin and will only incur losses if they sold when the price of Bitcoin dive too deep. As long as they hold BTC they are only losing the paper value and will recover when the market transitioned to bullish trend. But as humans have you ever have this fear of holding? Like what if something happens to my investment? Did the negative news sometimes threatens your feelings? Like a case of politician in my community who bought 10 units of bitcoin after his political appointment six month later was caught by government ban policies trying to withdrew remaining units of 5 and some fractions after the long time of bearings season, he was sore afraid to loss more than that. He was caught by bank regulatory policies of no transactions with Cryptos related business and local banks and his account was seized.
Have you also have that fears before? Is holding for too long OK?
Fear can be overcome by knowledge. Knowledge gives confidence that is why I believe those who are still holding their BTC tights are not only smart but has wisdom about the Bitcoin economy. I admit that before when I lack the knowledge about Bitcoin trend, I also get shaken but as I learned about Bitcoin and its cyclic path, the fear just fade away. |
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What do you think about my advised to him?
It does not help him much instead you made him think to invest huge amount in one go. It is ok to start with $30 and accumulate from there. You should have mentioned the term dollar cost averaging or DCA in order for him not to misinterpret your suggestion as persuading him to invest huge amount of money. Accumulating and buying Bitcoin regularly can help minimize the strain of buying BTC. Even though with little amount, the accumulation done in long term will end up in bigger stash of BTC with less financial pressure. Just like how a drop of water fill a huge container as time pass by. |
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Gambling is a game of chance so there is no guarantee that you will always win when playing in a casino. Even with sports betting, we cannot 100% say that we will win the bet because even if we bet on the crowd's favorite, there is always a chance of upset.
If you have money then why not invest it to something else to gain passive income. If you don't want to part with gambling industry, then you can search for starting casinos that is looking for investors and earned from there.
Always remember, gambling is a business and they are created not to give away money but profit from its service instead.
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Welcome to the forum, the earlier reply already stated important sites and links that can help you in your cryptocurrency journey. If it happen when reading and researching you got confused over a topic, you are free to use this forum to solve your confusion and ask experienced members for suggestions or advice. Just make sure that you abide with the forum rule which is stated here: Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ You should also take notice of the kind of topic in question and post on proper boards so that your inquiries will be answered as soon as possible, so familiarize with the forum boards and sub-boards. |
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I'm pleased to note that you have avoided investing in "shitcoins." I had a similar experience a few years ago, where my portfolio became worthless due to investing in such coins. Since then, I have come to realize that only Bitcoin holds true value. Recently, I have also stayed away from investing in "shitcoins," but occasionally take calculated risks on reputable altcoins such as BNB and Ethereum. By doing so, I have been able to reap the benefits of Bitcoin. I sell when the price is high and accumulate when I believe it is the right time to do so. I encourage you to keep up the good work.
Holding shitcoins is proven to be a waste if you tend to hold for long term. Shitcoins are subject to pump and dump then worthlessness so when engaging in shitcoins we should always be in our feet and be ready to sell when our holdings increase in price. Shitcoins are good for short term investment if anyone is for a long term investment, Bitcoin and top altcoins is the way to go. But I don't think your thread matters because basically, you are just presenting your enthusiasm for Bitcoin investment instead of coming up with some interesting ideas for discussion.
I think this thread has its value, it is that this should be posted on the proper thread/board, I believe there was an existing thread that is created to compile this kind of topic. Regardless, posting one's enthusiasm toward Bitcoin has its effect to the reader. It may strengthen the belief and passion of the reader by the motivational effect of the content of the post. |
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A friend of mine was of the opinion that the government cannot put an end to Bitcoin because it unfortunately cannot be traced to a particular person or organization which could be sued for bringing about the currency or Blockchain. I agree that the government cannot put an end to Bitcoin not because of the untraceable person/group of person behind the Bitcoin creation but because Bitcoin is decentralized. If you happen to know about torrents or decentralized file sharing, the government had been trying their best to stop such kind of file sharing, even catching people behind these torrent sites but still failed to put an end to this kind of activity. If this is true does it mean that the identification of Satoshi as a person or organization will pose a treat to the existence of Bitcoin or otherwise
I don't think that the identification of Satoshi will pose a treat to the Bitcoin industry. Bitcoin had been independent for years now, and had been booming even after the original creator had hid himself or does not publicly participate in the development of Bitcoin after his disappearance. Even with Satoshi surfacing, I do not think that the authority have the reason to apprehend him because of creating Bitcoin. |
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Today I just seem to be experimenting with the use of A.I, and a thought just came into my head that what if I ask ChatGPT what could possibly be the reason why the famous inventor of Bitcoin "Satoshi Nakamoto" never made himself known to the public and here is what ChatGPT has to say regarding this topic that has been a bone of contention on this forum for over a decade now.
So what have you to say about this, do you agree with ChatGPT or not? Those reasons stated by Chatgpt is just a gathered information of how people think why Satoshi hide his identity. I am still neutral whether to agree or not on the information stated by Chatgpt since the AI software stated itself that it is unclear why Satoshi hide himself. So was ChatGPT able to give any valid point? Or do you have anything contrary to say?
It is a valid point that no one knows the reason except the person behind Satoshi Nakamoto. Anything that circulates on the internet are just rumor. I dare not to make any theory or speculation since any reason that I give will be a waste of time but I tend to believe of the rumor that Satoshi is not in this world anymore. |
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Some in-depth information about Bitcoin logo stated that the B logo uses a trebuchet font Font
The letter “B” is written with the Trebuchet font. Wilson admitted that he had always liked that word and how it was used in the “Microsoft Age of Empires” video game. On top of that, a sans serif font is an ideal solution for digital use. @OP here is the link the deeply detailed the creation of the Bitcoin Logo : https://www.zenbusiness.com/blog/bitcoin-logo/#3 I hope you find it helpful. |
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@OP why not scan and read Satoshi's post history and seek the answer yourself? Although you may not get a direct answer, it will be an educational browsing for sure and you may probably get a hint to his ideals and possibly may conclude some answer to your questions. No one here has the right to answer that since it is directed to Satoshi who is MIA since December 13, 2010, 04:45:41 PM |
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Username: BitDane
BTC segwit address: bc1qq5fez56hx3q7vd6y5mf9w570ddgp5204yw6q04
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In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.
Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet? If you really like anonymity, then mixing Bitcoin from exchange to your wallet will increase the privacy of your receiving wallet. Remember centralized exchanges record the outgoing funds, and the receiving wallet will have a link to your account on the exchange. always make use of those various ways on mixing up your coins on deleting or erasing up your trails but we know that it is already that hard to trace up when you do
make out transactions in between wallet to wallet or from exchange into your personal wallet or vice versa.
Withdraw your coins from exchanges, move it to another wallet of yourself or move it to another exchange then to another wallet of yours is good enough. Or move bitcoin to an exchange, trade it to Monero, withdraw Monero and move Monero to another exchange to sell it to bitcoin. Withdraw it again. You don't need to use Mixers if you are ready to do some steps by yourself. Isn't the identity of the address linked to verified account in centralized exchange traceable? Withdrawing to an address then sending it to another address isn't different from centralized exchange to own address except if mixer is use in between. |
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Username: BitDane
BTC segwit address: bc1qq5fez56hx3q7vd6y5mf9w570ddgp5204yw6q04
Willing to accept Full Member position
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