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Any investment does not always guarantee success. All investors face the risk lossing their investment. But with such realities, we need to face the risks because we want success. Just like there’s no success without risk.
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Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Not today but i believe in the years to come it will be as technology improves it will happen. As crypto is beng introduced to many it will happen. As of now some may disagree but it will happen. |
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Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
I believe they don’t allow crypto because they don’t really know crypto. They don’t see how crypto could eventually help them in their economy. If they are able to see the great opportunities in crypto, they will grab it. |
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I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
-Warren Buffet This quote is constantly bandied about as justification to invest in Bitcoin, and especially now that there has been some nice price movement in the upward direction. But this Warren Buffet quote is only relevant with the proper context, which is that Warren Buffet only invests in things he has a fundamental understanding of and can quantifiably value. You can confidently be greedy when others are fearful if you have a sound investment thesis and are a fundamental value investor. This is how he turns his investments into home runs, he knows what he's buying and what it's worth and can weather the negative sentiment until the market learns what he already knows. This doesn't apply at all to a speculative investment like crypto. Following this advice willy-nilly is gonna get you burned because you're misunderstanding the intent and the application. Don't not buy Bitcoin if that's what you want to do, but don't fool yourself into thinking you're following Warren Buffet's advice. Warren Buffet doesn't speculate, and if you're buying crypto, you're speculating. If that’s his understanding of business and situation then that’s for him. I don’t have to be affected by his mindset. If that works for him then that’s good for him. I don’t have to be greedy when others are fearful, I’d rather help those who are fearful so we can enjoy together the profit of our own investments in bitcoin or crypto. That way i was able to share others what i do know and all of us are happy. |
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To be rich you should know where your place at and stay right there for a while.
Having a lot of money doesnt mean you have to live like some rich guy.
I would rather be that normal guy which lives in peace and without much press around me.
Stay humble and just keep on working to get that simple life in a cozy house with a happy family.
That is the definition of being rich for me. Being more happy than the guy with a lot of money.
I agree. Money and wealth are means given to be used and enjoy with wisdom. There are people (not everyone) who are wealthy and having a lot of money but have no peace and joy in their lives while there are people who only have enough (or sometimes less) yet very rich in love and peace. I think it depends on how you view money and wealth. I choose to be rich in my relationship with my God and my family and with that I am fulfilled and wealthy. |
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We all have that thought why do Chinese people actually make it in the business world. The reason apparently is that at an early age, their parents are conditioning the minds of their children to do business in the hopes that they will actually be heirs to their family business.
In your opinion, should we be teaching them the same or teaching them to be successful employees for the sake of climbing up the economic ladder?
Both are possible, but i would rather groom them in the importance of education that would prepare them for both opportunities. Family business is something can be done side by side by education and can be a way to be a successful employee. Helping them as they grow up will be good but we must be careful too of leading themvto where they are not interested. I believe we are guides to our children but not dictators. They grow up too and have their own decision something that we must influence in the early stage of their growth and maturity. |
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Cost of living is something everyone should consider and even more so for those of us who can make our living anywhere in the world, but there is more to life than just cost of living, you also have to consider how happy you will be in a certain place. If we look at the countries with the highest happiness ratings we'll often find that they are also among the happiest countries.
When we talk of cost of living, it differs on what country you are in. But something most of us need to face everyday. This would be easy for people who are stable financially but a problem to those who have none. One thing we can do is to help them understand bitcoin or crypto and be a source of help to them as they struggle with the cost of living. |
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To me the answer is No. Money alone doesn't make an individual rich. A lot of people go to work everyday, working for money and making more money, but fail to become richer. Ironically, many only grow deeper in debt.we have all heard stories of lottery winners who are instantly poor again. Also there are cases of real estate going into foreclosure instead of making homeowners richer. We all know of persons who have lost money investing in the stock market. Maybe you are one of those individuals who have lost money investing on cryptocurrency,Bitcoin to be precise. Even investing in gold(real money) can cost the investor money
For all intents and purposes, it is not business, estates, stocks, bitcoin (crypto currency) or money that makes a person rich. It is information, wisdom, knowledge that makes one wealthy.
It depends on your outlook in life. I may not have money but i can feel very rich because of my good family relationship, have many friends, have a plantation and a farm that provides everything without the use of money. People may say you are rich because you have a lot of money which is our immediate concept of being rich but not the only factor because i may be rich but can be poor in so many things. But i don’t say i don’t need money, i do but being rich is not everything. |
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definitely until the new advanced technology which is better than blockchain will be released,people will start to think which is better,it's the time when bitcoin's fate,but it's still too far to be realized,but it's about the time
Yeah, it's a reality of technology is such that, if in the future there is new technology that is more profitable and better than bitcoin then surely everyone will switch using bitcoin or they use both. This will not be a problem because it's still too far away and we enjoy what we're doing I agree. Indeed as technology changes eventually there are other cryptos who might come out good and better. But if such a thing happen i will not stop using the other if i can benefit in both of them. Meanwhile i will not make it a problem, i will enjoy bitcoin as it helps me and benefits me today. |
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I believe as you study the price of bitcoin, at the time you begin to invest treat it as the best time. Do not focus anymore if it went down because you already invested that will discourage you. Instead accept it and focus in your investment. As it went up, enjoy what you invested because you are reaping the fruit of what you invested. Remember, the moment you invest that’s the best time for you. |
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Bitcoin is just a currency, it cannot help them.
Somehow if we'll look at a better picture, it depends on their disability. If they still have a good mindset, they have vision and hands to type or click the mouse and move its cursor. It can help them, bitcoin today isn't just a currency. It's also a way to make money and treat it as an investment. When we say bitcoin, we are generalizing it as the whole market which they can do trading while just sitting at their homes. I agree with the quote. Not all disbility makes them incapable of using internet as a means to help them in their needs. If they will make use of what they have and make use of crypto that can give them opportunity will be good to help improve their way of life as they do it wisely. All we need to do is extend help to them as well. |
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Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
I believe one of the main reason is their unawareness of what bitcoin is and gow it works plus the valatility of bitcoin. But the major issue is they don’t want to take the risk to invest in it. I believe helping them takong some necessary steps in how to invest will help. |
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by another currency no way at least these time
simplicity of bitcoin is the key
but when bitcoin compare with another cryptocurency its autdated already
because bitcoin is the first, the technology is adopted by next cryptocurency with some improvement
I do believe that at this point in time they cannot outdate bitcoin. But as technology develop and as things changes i believe someone will emerge better later on. With the fact that many cryptos are emerging and they aim also to where bitcoin is. So ad of now lets enjoy bitcoin because its the best crypto in our time so far. |
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Investment in education and investment in bitcoin are different. Education is a long time investment. Whatever comes in your way, you may always count in the education you attained because it will help you get through all the situations you are in. While investment in bitcoin may help you financially, maybe for long term or short term. If you have education it may also help you be successfull in your investment in bitcoin because of your knowledge which was leraned in school.
Investment in education is something you will treasure in your life and pass on to your children and grandchildren. Education matures you in a lot of ways as a person and you benefit from it. Investment in bitcoin is for the purpose of financial support that may support education but at the same time education may help on how to invest in bitcoin. Sure, everyone may invest in bitcoin but i believe also that being uneducated in life is sometimes or many times the reason why there are a lot of problems in life. Since both are different, i think i can make use of both and that makes me better. |
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So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
I don’t see any problem if any of cryptocurrency becomes first. It just mean that changes happen and something better comes out. It brings new opportunities and a new challenge for us. More investment for a better tomorrow. |
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As the title says that if you want to increase the price of bitcoin then promote it everywhere around you. As if you will promote it and will discuss about bitcoin with your friends and family and your other relatives then they will also invest their money in bitcoin and the name of bitcoin may reach to a group of people who will have a high amount to invest in bitcoin which will increase the demand of it than its supply.
I am saying it because a few days ago I heard from a person that he discussed about bitcoin with a friend and after that his friend felt interest in that coin and he said that he has a total of $60000 income per day from his business and when he will fully learn about bitcoin then he will invest all of them in bitcoin each day instead of depositing them in his bank account. If people like that will get awareness about bitcoin then once again the price will start to rise.
I've been there, I've introduced bitcoin before to some of my friends but not everyone will be interested on it and some might be skeptical since it involves money. A normal person would think that it is a scam and some are disappointed for investing during the peak and selling when the market started crashing. Some time in the future, people will learn about it, people will just blame you if they will not get anything from their investment, especially with the current market situation. I agree with the quote. I also am sharing bitcoin, but i do it peer to peer to those who are willing to invest in it. The fact that cryptocurrency prices changes most of the time that’s why they treat it as a scam. Though i do not lose heart by continually sharing to those who accept with all its risk. I do believe eventually people will be into it. |
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Sometimes at work, it very tempting to do research about crypto and to satisfy our cravings to learn about crypto. However, we know for a fact that we have also deliverables at work because we are paid for it. So what I usually do is I make my daily deliverables and once I have finished everything then I can do some readings about crypto. Making my "to do list" is one way to keep me focus in my regular job. During break time, I can do a bit in crypto then after work.
Yes, this quote is indeed a very good reminder that crypto is good for us but our regular job should be our priority. I sometimes have the tendency to give time for it during the work but instead i remind myself that i should focus on my job and do it after work. It would be dangerous for us to see that we don’t have regular work anymore because of our wrong focus or priority during work. We might be risking not only ourselves but our family as well. |
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because Bitcoin is small and few people accept it and FIAT is big and everyone accept it?
Bitcoin and cryptocurrency is still small because of few users of it, but as long as many enter into the world of bitcoin and cryptocurrency eventually it will bevome big and fiat will become small. Time will come and eventually it will happen. As of now what we can do is to share cryptocurrency to others by making them aware of it. |
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First of all everything in this world is a risky gamble..every kind of investment are risky too ...but ofcourse for you to be able to manage risk in every investment especially in crypto currency you have to every little thin in it up to the biggest once ..how is it work.is it scam or not..and most importantly dont ever ever trust to anyone that says to you give them money and they can doouble it...so all you need to have are awareness and commonsense..
I agree. Since investment in cryptocurrency is risky. A good research before you invest is very important. You must know how much are you willing to try in your first investment so that your also ready if somehow you fail but at the same tine be ready also for the next investment. The risk will never stop but learning things along the way will lessen the risks later on. If you’re afraid to take the risk then don’t try anything but that’s the failure of life when we’re always afraid to take such a risk. |
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So we all know BTC drops when people sell their coins... but the peaking is purely because of investments... The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing! Surely there are ways to bring the awareness of cryto to the population. Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall... What are you doing to spread the awareness?  We’ll, regarding awareness i issually make my friends know about cryptocurrency in our conversations. I choose most of the time to whom i will share btc or crypto currencies to those who are open minded about it, but to those who are negative about it, i stop sharing. In my thinking at least he heard it and one day he’ll be in it. |
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