I've seen several threads where people preach teaching bitcoin to kids and I've also seen threads where others talked about having some savings(investments) in bitcoin for their kids which is right.
Just as my topic reads, we should stop stressing kids with wanting them do things we didn't meet up doing and at some points getting them mentally stressed.
Please don't get me wrong because I'm typically not against teaching or maybe introducing bitcoin to your kids but I'm on the opinion that rather than bother them with this complicated digital asset (bitcoin) knowing fully well that no matter how much knowledge we have about it, if we don't have the money to buy, then we'll certainly miss out, and judging from this, I don't think it's wise teaching them or wanting to force it on them when we know that they can't afford it.
I will suggest that, rather than bore them with the history of bitcoin, why not get a portfolio for them and keep investing in it and watch it grow with them and when they're of age, then you can practically show them the needful.
I want to know if there are people who also share same opinion with me and please lets just discuss rather than argue
I don't really know why kids would be stressed about it? I mean from my point of view we are just opening it to them and for a young age we don't really believe that even if we discuss it to them thoroughly they would understand it. And doesn't most of us faced similar fate on our early age? I mean most of us had faced reality on our early age knowing that not everything that we want would be given to us, and if they really got interested in Bitcoin isn't it a good thing? that means in an early age they want to earn or save money? What's the negative thing about it? |
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I was doing a comparison between gambling and trading I find out that their is merging between trading and gambling, I want to explain the categories of trading and gambling from my research gambling don't have to do with skills, but people prefer gambling than trading, but I kicked against gambling because it does not have control that leads to victory during time of diecasting your prediction in gambling therefore I concluded that gambling have to do with luck.
While trading is a skill that you will learn and understand the basic factors that can hinder your trading not to be successful, a trader can notice it's mistakes after loss and make corrections while a gambler mistakes can't be corrected because it deals with prediction. I notice that people do not put their money much in gambling than trading whereas the risk and loss is more efficient in gambling than trading. When we study trading very well there is no way we can trade in a month without making profit and as a beginner in trading we don't need to start trading with money that we can not afford to loss, while in gambling so many people gamble with their salary and last money. So I prefer trading more than gambling because it is a skill and it can be controlled.
As you mention trading require's skills and analyzing or chart reading while gambling depends on luck, but what about those trader's who doesn't have skills and only trade base on the hype? Are they consider trader or gamblers using trading as their gambling platform? |
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Are we going to face another FUD because of it?
I wonder what happened to this wallet if it is the same owner then this investor really have a strong hands to hold for that long.
And what could the owner be thinking right now would the Bitcoin be sold or hold till the next halving?
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As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.
This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.
Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?
Before you resign think about how would you earn when the market bleed? and just imagine how long would it be and how would you survive if your only source of income is trading? If you could come up with plans and counter measure to those events then I guess there is nothing wrong on quitting on your current job and focus on crypto. And if by quitting on your job it would provide you more profit or make you earn more and secure then it is not wrong. |
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Please just stop using Satoshi Nakamoto just to get views.
The person or organization has been out for so long and don't you think that others haven't tried to reveal who the creator is even in the past?
There were so many theories and none of them could prove who the creator is?
And let's just say that you got it right this time, how would we even know it if the creator wouldn't prove it?
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Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.
You're aware of your ignorance so you should also know the answer for your question, you know what you lack of so why not start with it? Most of newbie's fall victim to it, because they didn't really study it, they doesn't have plan and most of all they only see the profit they doesn't acknowledge the risk on investment. If you know how to handle or manage your investment I think you could earn from those price fall. |
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I don't know how I make decisions as a boy.
My father is a military man. He has served in this military sector for 25 years. His term of service is almost at an end. After two months he was going to retire from the job. He will get retirement pension after his service life in the military sector and he has many plans based on this retirement pension.
His first dream is to build a house with this retirement money. But right now in my country all the materials needed to build a house are very expensive so building a house right now can't be a good decision. And I don't feel safe keeping his pension money in the bank because earlier there was inflation in my country where some banks went bankrupt.
So right now I am not able to give him any proper advice as a boy. But one thing I've been wondering for a few days is if I invest half of my father's retirement allowance in Bitcoin, am I doing something wrong?
I feel like if I invest half the amount in Bitcoin for a year after receiving his retirement allowance, I might be able to hand over more money to my dad at the end of the year.
Hope I get proper advice from you.
First of if you would invest his money shouldn't you tell him about it first? It is his retirement money so he should be aware of it even if you have access to his money. Investing it in Bitcoin isn't bad thing but at least let your father know and decide about it. This should be discussed and decided with your family not with strangers or forum members. |
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Nope, I don't think that it was created for that purpose.
For me it was created to give us freedom from centralized banks, it was created or anonymity so our credentials would be safe even if we would use it.
I also believe your point of view before, but in reality it is hard to make a living on it if you would consider being a trader, then you need another way to earn since there are times that you wouldn't earn since you would be forced to HODL.
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I prefer to HODL my own coin rather to lend it to someone else, honestly speaking we are all aware that there are times that the borrower would have a hard time paying it up, so what would happen if you really need the money and the borrower really doesn't have the capability of paying it to that certain date?
It is better to have control on your own money and it also contradicts the most used phrase we used to tell the newbies on crypto "Not your keys, not your coin".
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Happy Easter everyone
Today I gave out $20 to 5 random high school students each in a WhatsApp group after of course enlightening them about Bitcoin and conducting a quiz for them I did this in hopes of trying to assist in developing the Bitcoin ecosystem although it's of small impact
I sent the Bitcoin to Thier noncustodial wallet and also enlightened them on how to manage Thier wallet
What do you think!?
I think that it was great experience for those students, they learned about crypto and at the same time they did earn from it. Let's just hope that those $20 would be the start of their crypto journey and they would also succeed on it. If I would ever do the same thing I would also tell them about pizza day or Laszlo Hanyecz to see if they would hold it or just spend it right away. |
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LOL sex as a sport what would be next, various positions or oral would also be considered as a sport?
I don't really support this and hope that this is just a joke.
If they would consider this as a sport then watching pornography would only be considered as watching sports this idea really makes me laugh.
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If it is illegal in your country then I understand why the father is against investing on it.
It might be a good investment but being illegal and risking your life for it, I don't really think that it is worth the risk even though it would be hard for them to trace it or track you.
It would be safe for your friend if he is using offline wallets to keep his investment so there wouldn't be any information linking his/her personal information.
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What if the governments across the world attempted to seize all of your crypto assets like the US seized all gold from their citizens in the 1900s. Now I'm seeing articles talking about how the US government is trying to be able claim private property.
I think that ultimately this would be very challenging for any government to successfully accomplish. This would cause a revolutionary period again in our world I imagine....
How would they know if you have crypto, if you wouldn't declare it? Or even if they know that you do have, how would they know if it is all that you got you could just surrender a small portion of it by dividing it to your other wallet and clean it through mixer. So government that would do such thing would only waste their time. |
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~snip~
Exchanges and BTC are 2 different things. One exchange going down doesn't mean BTC must follow.
Binance will disappear? I don't give a damn.
Yup exchange and BTC are different things and exchange (Binance and other exchange would disappear) most of us wouldn't care much, but we aren't the only investor. There are some who got into crypto because of trading, and they might be doing it only on those exchange because they only trust those exchange. And besides some of us are using centralized to liquidate our crypto that's way some of us really care so much about those centralized exchanges. |
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Does the number of population matters in cryptocurrency?
Banning crypto in their country is their governments decision it really doesn't matter how many population do they have, just think about it everyone could know or earn in crypto with their internet so why does the number of population matters?
And besides even if they ban cryptocurrency how would they know if someone is earning or using it inside their area? there are so many ways to access it if you want to.
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He should have seek for help base on the story their family has a power or their not poor they could afford to do some consultation for him.
And for I think if the parents are more connected to their child then they would have notice the problem, and they could have help him with it.
It isn't the first time that a person who has been in huge debt had taken their own life, or who has been addicted to something had done it.
But let's hope that those who are close to us would open up when they needed to talk and needed someone to be there for them.
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How many times have you successfully invited some gamblers to online casino? What is your experience doing so? I know many will find this hard to believe but I kinda prefer bringing in gamblers than investors into crypto, why? They understood the risk already, there is no talk and talk over again, there is no dealing with someone fear and confidence..
~snip~
Well I also feel the same way it is better that they know the risk than to keep on dreaming that crypto is a way to be an instant millionaire. Most of the time when I am talking to newbie's in crypto they would just think that this is an easy way out, without understanding or acknowleding the risk due to the successful stories that they heard or read online. |
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Not your key, not your coin.
We should always remember that phrase when it comes to crypto.
Anything could happen to those centralized or any exchange or online wallet so we should hold our own crypto to our own wallet that we have control of.
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Saving money doesn't only apply for the unwealthy people but for all.
No matter how successful you are right now if you don't manage your money too well it would only last for a short time.
There are so many good example of it, there are so many successful people around the world that ends up losing it all.
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Why does it feels like Bitcoin is a better fit for store of value than a payment solution?
Is payment the substantial use case of crypto? If yes then where do you think Bitcoin stands? It cost me 0.20$ to make transactions on other payment solution that's not Bitcoin and it costs me over 1$ to make transaction with Bitcoin, isn't the cheaper always the better choice?
Since some crypto coins have cheaper transaction fee doesn't this make such coins a better fit for payment solution than Bitcoin?.and Bitcoin a better fit for store of value
Yes there are so many reason why people or Bitcoin user feel that way. The transaction fee and of course the volatility of the price. Being practical why would we choose to pay with crypto if we could do it with cash? unless of course there is a catch or a bonus for using it. And of course most of us invested in Bitcoin to gain profit so those wouldn't really see it as a payment method. |
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