~snip
I read your post and still don't understand why this is posted here. Well, you gave your girlfriend a gift in the form of bitcoin, so what? Now you need to praise with this or want to hear the approval of the BTC-community? In my opinion, this is an ordinary event about which it is not necessary to tell everyone and create a separate topic. I am not writing this to criticize you, but simply because I don't see any message from this story. 0.0011 BTC? I don't consider this a reason to worry about storage on a centralized exchanger. The amount is quite insignificant. You could have given more ~30$ for birthday, greedy man.  Sorry if this hasn't made any sense. I thought of sharing the incident, this is the first time I'm gifting bitcoin. Another thing I forgot to mention, she is working in a Bank. Maybe looking this thread someone from our community can gift bitcoin to their closer ones. I don't have much to gift. I've gifted half of my weeks pay. In my country $30 is big money. Maybe in the future if I was good enough to make big money I will think of gifting big money. Once called a birthday gift, why mention big or small value here? if only gifts of great value are called gifts, and gifts of insignificant value are not called gifts. If it's me, that person is not worth my attention and gifts. Yes, in some 3rd world countries, 30 dollars is already quite a lot of money. it can cover living expenses for a week for a household of 2 to 3 people. Everyone has their own opinion, you don't have to think about what other people think, you can't please everyone. for me, this is an interesting story that should be shared with the community because we are a bitcoin community. |
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With most altcoins - yes, definitely. But not with Bitcoin. At least if you are here in the long-term. Short-term trading is kinda like gambling too.
Why only altcoins and not bitcoins? for me, cryptocurrency will be gambling if you invest without knowledge, conversely, if you invest with knowledge, skills, and experience, it is not gambling. it all depends on one's point of view, gambling or cryptocurrency is just one way for us to achieve our goals. I don't care what we call them, I just care if they help us or not. If gambling can give me a steady return, I will also choose gambling instead of investing. |
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snip
Remember, it's important to conduct your own research and consider factors like security, fees, available cryptocurrencies, user experience, and regulatory compliance before choosing an exchange. Each exchange has its own strengths and may cater to different types of users.
Thank You!
If you talk about exchanges, you don't need to learn and research too much, I think you just need to choose the one that people use the most because everyone is a user and has experience. there is no reason if binance's services, fees, and security... are inferior to other exchanges, but it could become the largest and most used exchange in the world right now. so if we need a centralized exchange, binance is the choice and if OP is looking for some kind of decentralized exchange, then some suggestions above can be consulted like Bisq or Hodl Hodl. |
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And the impact is likely would make doubtful individuals get panic. The price of Bitcoins will get affected and dumped but not going to the point that it turns back low like in the first quarter of this year. CZ is a known person and has market influence, and he would do something to save his reputation and retain his business. That is why despite the issue against the SEC, I was still confident that it will be resolved. Besides, the SEC doesn't target Bitcoin but only Binance, so it did not necessarily have to worry. I also don't believe that Binance will collapse or shut down just because of the SEC's baseless slander. people are obsessed with the collapse of FTX, but they don't try to compare the difference between Binance and FTX, they always assume that all exchanges are the same. but if in the worst case Binance crashes, it will be very bad and catastrophic for the market because their reputation and role in the market is huge. As far as I know, binance's trading volume is equal to all other exchanges combined, which shows that their dominance in the market is huge. |
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with bitcoin being the leading crypto currency is there a tendency that it would become the generally used currency worldwide?
I believe Bitcoin will be widely used globally in the future. Going back to 2021, investors are investing in cryptocurrencies, and the price has risen. As a result, ordinary people began to take an interest. Since Bitcoin has become popular, some businesses have begun to accept Bitcoin as payment for their goods. I felt it was a good start, but the price rapidly dropped because institutions were selling their Bitcoins. This event, I believe, has an impact on businesses that plan to take Bitcoin as payment. To boost Bitcoin adoption, I believe volatility should be reduced. Bitcoin will be popular and used globally is almost certain. but as you said, people are getting into bitcoin and using it as an investment asset, there are very few who consider it a currency. And the OP's question was that bitcoin could become the world's common currency, so I really doubt it. moreover, it will all depend on the government, and I don't think the government will agree to a decentralized currency to replace their fiat. |
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Kids learn about a lot of useless stuff in school but bitcoin is something with actual use they can learn about. So I think it's a good thing if they learn about it.
Some subjects taught in the school are really useless for their lives futurely, as they won't have any practical application later. And I would extend this to what children are taught by the media and internet. They put so much attention and time on useless matters disseminated by influencers and so called specialists, generating huge income for these people through clicks, views and purchases, that I think it shouldn't hurt to have some notion about Bitcoin since an early age, because that is something which will actually benefit them in some years. Anyway, let children decide... Nothing done forced, through power usage have positive results. All parents can do is to advise and show the way. What children will do with the advices received, it's up to them. What subjects do you think being taught in school is useless? because as we know, knowledge is endless, the more knowledge we have, the more opportunities we have in life. teaching bitcoin to children is not bad, but if we force them and teach them too early, will it have a positive effect on them? bitcoin is great for investment, but don't forget that many people are still living happily and extremely rich without bitcoin. i mean, there are many ways to make money, to have the life we want, not just bitcoin to help us do that. teach them bitcoin but at the right age, and if they don't like it, don't force it. |
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No matter what strategies you try to use to convince people, those who will be interested will surely be interested, and those who will not develop interest will never be. I seriously like people to benefit from anything or anywhere I am benefiting, but no matter how hard you may try to help some people, they will never give you help themselves. I have tried many times to introduce some of my relatives to Bitcoin, but not all of them have listened, despite the different strategies I used.
I think whether a person will get interested or not depends on how we introduce Bitcoin to them but take not long introduction can take away the excitement of the person so we must introduce Bitcoin in the most exciting and promising way. More on important but compact, this way people will easily undertand about Bitcoin. Easy to say but not easy to do. do you have a brief explanation that might get them excited about bitcoin? i don't think there is a way for a complete newbie to understand bitcoin through just a few simple sentences. So I just discovered that no matter how hard someone tries to carry some people to the right way, they will never come. Op You have really tried with the guides lines, and it may be helpful to some people, but I don't think it is necessary to convince people by all means to learn about Bitcoin. I believe when they think it is the right direction for them, they will surely find means to learn about it.
I have seen people able to convince investors even though these investors are initially not attentive to cryptocurrency. I have never seen anyone who can convince someone to invest in bitcoin with words alone without any proof. moreover, there is no reason to convince anyone to invest in bitcoin without getting any benefit. investment is good for them, it's profitable for them; why should we try to convince them when we won't get even a single thank you from them? but if they lose, they will undoubtedly blame us. |
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Yes, we all missed the rapid growth of cryptocurrencies. But in a long position, I see no reason to buy coins now. The fall continues and I advise you to trade now
You're wrong my friend. The Bitcoin still has the potential of growth and it will grow by a huge margin in coming 1-2 years. How could you say that buying Bitcoin in current market isn't profitable? If you know the market then you would never say that because there is going to be another boom in the market, and with that the price of Bitcoin will cross $30k in value. Despite a lot of pressure from Sec and other regulatory authorities the price of Bitcoin has consistently been above $24.8K, and anyone who knows the crypto-market has already got the signal that Bitcoin can move upwards without any problem. The traders will always do trading because they are earning profits from the skill, but the long term holders also have the chance to accumulate many Bitcoins in current market which is a good investment for them. also because of these thoughts of newbies, they think that bitcoin will no longer grow and be profitable. Then they go to shitcoins with the hope that they are underpriced and under the illusion that investing in shitcoins will bring them big returns. but life is not like a dream, they will lose with shitcoin, and they will go back to bitcoin. but then they will have to buy bitcoin at a higher price than it is now. |
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this is what makes the government act more strictly on the grounds that it wants to protect its users in financial matters, especially those related to crypto and the SEC is moving for this. but America is indeed too strict and slowly it can make crypto users there hide more as crypto users.
do they really want to protect users, or are they too greedy and want to control it because they have seen its true potential? I don't think they are good enough leaders to care about people, what they are doing with crypto is self-interest. they want taxes, they want to control the market that will be worth trillions of dollars in the future. that is why there is competition between the SEC and the CFTC, both of which want to control the crypto market because if they wanted to protect the interests of investors, there would be no such dispute. |
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It is almost few decades that the digital payment have gained importance and made a big transition in the whole of financial system. An advancement won't be easily adopted to the persisting system into usage. Even after decades we were able to see good number of paper currency users who haven't used to digital payments. So, it is all about the people.
If I'm not wrong, when we think of making way for the usage of digital transition there is a need for proper awareness and education. This can't be done all of the sudden, and according to me it takes atleast few generations to have complete transition to digital money.
I believe we don't have to worry about a full-fledged cashless society during our lifetimes. CBDCs aren't even mainstream yet. Even after they're launched, it's going to take quite some time for the population to get used to the new digital cash system. The elderly will have issues abandoning paper money in the first place. It's the new generation that will embrace digital money at its fullest. Governments will ultimately solve the issues of Internet access to proceed with their ambitions to phase out paper money for good. This could be done via the use of satellites positioned in different areas of the globe. Once our society becomes cashless, you can say goodbye to privacy and anonymity for good. At least, decentralized cryptocurrencies will be there to save the day. Maybe they'll go as far as living alongside CBDCs for generations? Just my thoughts  There's no way that digital cash system would really be 100% fully adopted on which it would cause for such full integration or changes because we know that not all people would be having the access when it comes to internet or having their own pc or having their own smartphone considering that there are places in the world on which it wasnt been reached out by internet and a community which it is really that suffering from poverty which means that not everyone would really be having or knowledgeable on using it if in case there's a full wipe out or changes in fiat notes or paper cash. It is really that hard to believe even on having that CBDC integration in exchange with fiat would be applied. As long government does exist then there's no way that they would really be agreeing on such huge change but having both things on existence would really be that preferable or something that good for us though. The government will be the one to bring that change, no one else, because it will be more beneficial than harmful, CBDC will help them control us better than cash. but implementing CBDC is very difficult because our world still has a lot of internet inadequacies, and the number of people who cannot use smartphones is still quite large. therefore, CBDC or digital payment will be inevitable, but it will take a lot of time to do so. |
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the dibinance crisis will make all crypto impact the market.
something that is big and well-known if it suddenly becomes problematic will certainly have a bad impact.
maybe the crypto market will drop very deep if binance threatens to collapse.
I don't think binance will be threatened with collapse. Yes, in the worst case they may close Binance.US, but I don't think that will happen. More likely, they will find some compromise that suits everyone. The SEC doesn't control the whole world, so their decisions can have a global impact on the world economy. And they are unlikely to shoot themselves in the foot by deciding to ban. Yes, the SEC won't be stupid enough to shoot themselves in the foot and lose a big source of income from those exchanges, what they are doing is just scaring and wanting more money. it can be said that their greed is growing and they want more. personally, I also predict that there will be an agreement between the parties, which is almost certain. Binance will not want to give up a fertile market like the US, and the US government does not want to lose a huge tax source from the crypto market. I think there will be an agreement between the parties. I don't think they would prefer to eliminate such a large volume of shopping. They just scare. Let's say it is banned there, an alternative is created immediately and it continues in the same way. These cases are not as effective as they used to be. They need to look at the banks until they come to the stock markets. There are many things that need to be fixed. I think this situation will pass. The crypto market will continue without any exchange, but I don't think anything will happen to Binance. Both are for money, so both sides will find a way to compromise for mutual benefits. i also firmly believe that nothing worse will happen because no one wants to lose such a large source of income. to me, these news is nothing more than Fuds to get people to dump their assets, and there are a lot of people who are quietly buying. When news like this hits the market, I usually focus on accumulating more bitcoins, and I believe bitcoin will recover soon for the sharks to profit. so instead of fear, we should take advantage of it. |
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Beckham WAS working on it, but to me it looked like it was a futile attempt and would never happen. I mean let's look at the details, one team is PSG, paying him tens of millions of dollars and he would be still playing at a high level without a doubt just as he did for 2 seasons, the other is Barcelona, is youth club he played nearly 20+ years and 15+ professional and won so many and they were willing to pay him a lot too, just that they would have to sell some other players to make it happen.
And another was Saudi Arabia, maybe not as good of a league that's true and they are "trying" something but so far have like 3 or 4 good players, rest of the league sucks but ONE BILLION!! dollars was offered.
When you see these, Inter Miami looks like a joke, and yet one way or another they convinced him, that's a big deal.
Probably he wanted to go to MLS because he had seen other players go there previously! ! That’s what probably inspired him to go there. He is also getting some good treatment to go there. It is not like he is not getting paid well. In fact, he is getting paid quite a handsome amount of money. But it is true that when we think about the other options, it is certainly a little surprising that he went to Inter Miami. |
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I imagine how OP is going to take a loan right now and start paying it back only after 3 years, once he plans to cashout his profits from BTC investment. That is a totally unrealistic plan, because as soon as he borrows money, he will have to start paying it back with interest on the following month. So the investment in BTC won't remain idle for 3 years. He will have to sell some portions of BTC (possibly even the whole investment) constantly to keep the debt under control. In my opinion this plan has more failure chances than success ones. Most advised to invest only money which already belong to you.
Borrowing money to invest in bitcoin, it was a plan that failed from the start. if making money in bitcoin or crypto is so easy, we all here got rich years ago, we are not here to accumulate bitcoins with our idle money. His investment optimism and confidence in his plans are commendable, but there is always a risk in investing, and we need to consider that. without a backup plan, that investment can throw us into crisis and cause us to lose our future through debt. |
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the dibinance crisis will make all crypto impact the market.
something that is big and well-known if it suddenly becomes problematic will certainly have a bad impact.
maybe the crypto market will drop very deep if binance threatens to collapse.
I don't think binance will be threatened with collapse. Yes, in the worst case they may close Binance.US, but I don't think that will happen. More likely, they will find some compromise that suits everyone. The SEC doesn't control the whole world, so their decisions can have a global impact on the world economy. And they are unlikely to shoot themselves in the foot by deciding to ban. Yes, the SEC won't be stupid enough to shoot themselves in the foot and lose a big source of income from those exchanges, what they are doing is just scaring and wanting more money. it can be said that their greed is growing and they want more. personally, I also predict that there will be an agreement between the parties, which is almost certain. Binance will not want to give up a fertile market like the US, and the US government does not want to lose a huge tax source from the crypto market. |
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Not at all surprised with this new. It was never a vision for Elon Musk and whatever business idea he had. He bought Twitter literally out of his wish because he thought he could play around it and create another income source. The problem/spark started when Elon became tweet lord Back in the year and during DOGE trivia. He saw how he could move the entire Share price for anything if he just tweets about it. Moreover, he thought that if just buys entire Twitter and play around it for moving such prices of stocks and god knows what devil plan he had. This is my theory but not sure who would agree upon it. What do you guys think?
He's a businessman, I don't think he has such a narrow vision. spending $ 46 billion buying a social network just to manipulate Dogecoin? Doge's market cap is less than $10 billion, and how much will he make even if he holds the entire supply of Doge in his hand? even ordinary people like us can calculate this simple profit problem. Do you think he is stupid to spend $46 billion just to do it? Losing in business is normal, why many people do not understand. In a crisis economy, many businesses failed miserably, and even some banks went bankrupt, TW has stood firm until now, and it is a success. |
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For identity, the comparison between online exchange and physical exchange is not different. when you use an offline exchange, other people will also know you have bitcoins, and if it's unfortunately, a government person, you'll be in more trouble.
This depends on which country you are. If you are in a country that banned Bitcoin and yet you indulge yourself in Bitcoin transactions and the government person knows about it, then you will really get in trouble because you are doing an illegal trade. While in my country, even if you are seen by government personnel transacting in Bitcoin, that person won't bother since Bitcoin is allowed in my country. but identity disclosure is not a good thing, your country legalizing bitcoin is great, but we won't know what they want and think in the future. they could also re-impose a ban or increase personal taxes on those who invest and use bitcoin. So even if my country legalizes bitcoin, I would be more cautious about letting others know about my bitcoin ownership, especially government employees. People who work in government should not be trusted. |
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He's not a minor anymore? He can earn his own dime? He can stand to move out if his father decides to kick him out if they learn about him investing in bitcoin? If your answer is yes, then he can stand to invest in bitcoin. I hate it when relatives and close family members stick their nose in everything including the way I work my money, so my usual solution to these kinds of problem is to outright cut them off entirely because the toxicity will only start and compound from there. They wouldn't stop snooping on everything, giving you unsolicited advice that is also backhanded at the same time for no fucking reason, until it's you who'll really decide to move out cause the toxicity is just too much for you to bear. This is also why I don't tell anyone what I do. Just keeps you from the trouble of letting people know and them throwing in advice that you didn't ask them for, plus stuff that you don't even want from them.
What fathers do is right out of concern for their children, they mean nothing else. like many here, we have no relationship with him, but most also advise him not to invest in bitcoin because of his special circumstances. he lives in a country that bans bitcoin and is a government employee and most likely the family's breadwinner. You do not know their family situation, do not instigate a separation of their family feelings. parents are the people who gave birth to us and always want the best for us. Just because of bitcoins that you are willing to cut ties with them, then your parents are unlucky to have a child like you. |
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Bitcoin is the most stable and valuable cryptocurrency, and Bitcoin transactions do not require the use of intermediaries such as banks or financial organizations. I prefer to invest in Bitcoin since financial institutions have begun to offer Bitcoin investment services to their clients. Why invest in a bank when Bitcoin is available, which makes it more secure than a bank?
I think there is a big difference between investing in a bank and bitcoin. If you keep money in the bank it never decreases and you get a fixed profit every month. You will get profit on the money you invest. And if bitcoin price goes dumping you will lose a lot of money you invest. So I think there is a big difference between investing and keeping money in bank. it cannot be said that investing in bitcoin is better than investing in banks. but also, it is not safe to invest in a bank, your money will never decrease, but its value will decrease, I mean, inflation is increasing every year, and with the interest that the bank pays, you will not have enough to cover losses when inflation eats away at your money. While bitcoin can be highly profitable, there is also a huge risk that if the market has bad news, the value of bitcoin will drop a lot. and if we need the money urgently, we won't be able to use it. |
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I have never used a physical exchanger because there is no physical exchanger in my city in my country. So I have no experience in this matter. Because of this I cannot provide any effective or potential feedback here. I mostly exchange my bitcoins from online centralized exchanges and cash out bitcoins using P2P services. It is very risky but I have to use it as there is no better way to exchange or convert bitcoins in my country.
I am also using online exchanges to buy and sell my bitcoins and use their P2P service to convert bitcoin to my national currency. but I don't see any risk, as long as we're not using centralized exchanges to store assets for a long time and we're using CEX for the purposes they were made for. For identity, the comparison between online exchange and physical exchange is not different. when you use an offline exchange, other people will also know you have bitcoins, and if it's unfortunately, a government person, you'll be in more trouble. |
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Trezor should be avoided, though, since they are now gradually going centralized instead of fully decentralized and self-custodial. For security reasons, avoid them.
Do you have any proof of what you are saying? because after what happened with Ledger, I see many people are starting to move to Trezor, and it is currently the top choice in a hardware wallet. Hosseinimr93 also says that Trezor is the best hardware wallet to use. Trezor revenue has skyrocketed after Ledger disappointed investors and I am also planning to own a Trezor hardware wallet. i am really confused by what you are saying. |
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