It reminds me of a certain report about countries in Africa that are experiencing food shortages, it is clear that in order to make the current progress, it is first necessary to ensure adequate food supply, and there are many leading reasons why they cannot manage on their own and need more outside help. Even in the current context when the issue of inflation and commodity prices increase, the fact that agriculture provides our main food is always a factor that is considered very important in many historical or future periods. And I understand the story of countries taking this seriously so that it doesn't lead to the same undesirable things as in the past about hunger.
I get that you're trying to sell something right here, and in some parts of Africa the agriculture path may have been viable/already being implemented if not something that the industry has already implemented a while ago, but you gotta consider their situation as well that led to that dilemma. Perhaps the land isn't that nurturing? Perhaps the fact that a large part of the country/continent is being exploited by White-American led companies for precious metals and diamonds poisoned the land/diverted the manpower which is supposed to be for farming? There's a lot of things that are at play here beyond the notion that "they are not using the agriculture method to feed themselves". Surely they must have thought of that already, after all Africa boasts some of the smartest people on the planet. It's all a matter of circumstances really in my opinion. |
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I came across an article How Old Do You Have to Be to Gamble in USA?. In this article, i saw that the minimum age to gamble is between 18 to 21 years. I wonder if the online casino do follow this minimum age for gambling. Yes, the gambling sites have our age data through the KYC documents. Do they ever restrict anyone who is underage to not to gamble? Also, if we find any site allowing minors to gamble, can legal action be taken against them?  AFAIK most online casinos do, and it's quite strongly enforced too as some cryptocurrency casinos nowadays require KYC which includes your birthday so you're basically background checked the moment you try to deposit/withdraw money. In any other case I don't think it's strictly enforced cause there's no foolproof way of verifying someone's age without asking them for identifiable documents. At the end of the day if your kid happens to stumble upon your computer and gamble it's not really the computer's or the casino's fault, but your own cause you're a negligent buffoon who would rather throw the blame at other people than actually proactively ensuring that your kid doesn't get into your gambling habits. |
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Two things to make your bitcoin grow. Both are equally important but I'd teach you how to achieve each.
If you wanted your bitcoin to grow in numbers, from 1 btc to 2 btc and so on, you might wanna try out trading. When you trade, you swap your current token for another on the market, and then when the token you bought pumps, you sell it once again to lock in your profits. Do this enough and your bitcoin stash will accumulate by the numbers, which is arguably a better thing to do.
Suppose you don't want to increase your bitcoin in numbers, but rather you wanted it to pump in value, then I suggest you actually hold it until the next bull run arrives and then you sell it off at the peak. That's how most of our bitcoin holders got their fortunes anyway without learning a thing or two about trading, so you might wanna go down that path if you're not really keen about spending 4 hours a day learning a craft.
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How many bitcoins does a person need to retire, what is the cashout plan and why?
It's a pretty complicated question my friend. Bitcoin's price is not a stable current that you could easily discern the flow of at any given time. It's a little rash sometimes and there will be times when you'd think it's the end of all things bitcoin as we know it. That's why I don't really suggest solely relying on bitcoin as your retirement plan cause there's no telling where bitcoin will be ideally forty years from now. You could always go for a little diversity when you're investing for your retirement though, a major portion of it in fiat, and a sizable part of it in bitcoin. Retirement plans are one of those things where it's better to be safe than sorry. There's nothing that would beat a comfortable life, and while bitcoin could really give you that provided that you strike gold, its volatile nature is just too risky to play around with especially with the money you'd be relying on for the rest of your life. |
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I agree with you, timing wise it was a bad decision for El Salvador to adopt bitcoins when they were so expensive.
...
Their decision was not just of investing in bitcoin, they adopted it as a second official currency in the country. It has multiple effects and not all of them are directly connected to nowadays exchange rated of bitcoin. For instance we know that statistically lots of Salvadorians still have no access to a bank service and still need to pay huge fees while transferring their salaries from abroad job. So using bitcoin they can save some money even if they will change it to dollars after transfer. Moreover as far as I remember Chivo Wallet gives an opportunity to operate both bitcoin and USD, so Salvadorians can have a bank with all those options right in their pocket in smartphone. So until El Salvador doesn't sell its bitcoins it was not so bad idea to start even at the low market. It's not necessarily the "secondary currency" part that made people so against bitcoin in the country, in my observation it has everything to do with how they portrayed bitcoin to the masses, and the nigh-militaristic approach they took just so people would use it which definitely would not sit well with the people, especially when the very thing you wanted them to use is something that screams freedom in its values lmao. A couple of changes have been made in the way they took bitcoin in the country however, no longer are they enforcing the use of a single wallet brand, they're officially stating that no one's gonna be persecuted for not using bitcoins, and it will only be an optional currency, which is honestly what they should've done in the first place instead of force-feeding bitcoin to the people. |
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Yup. There's no telling when or how but it's quite possible since bitcoin has this streak of changing the opinions of people over it in time. Way back then you'd hear Warren Buffett talk shit about cryptocurrencies in general and then the next thing you know he's selling some of his Visa positions so he could open up cryptocurrency purchases. It's all a matter of time until people realize how cool bitcoin actually is. What's a little sad though is that most of these people and entity buy bitcoins all because it's profitable, which is not necessarily a good thing but as a bitcoin fanatic it would've been nicer to at least see someone big in the industry buy bitcoins because of a reason other than "this'd make me even more rich". But oh well, beggars can't be choosers yeah?
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This thought came to my mind today. What if there's this news that says "Bitcoin mining is over. All the Bitcoin has been mined and all the leftovers are burned. We are left with what we have in our hand"?I know Bitcoin mining will be over one day. Many sources say that it will be over in the year 2140. So let's just imagine ourselves at that point in time and discuss how the situation will play out. That's why I am saying that it may happen today. How this will impact the whole crypto world? - Will we be able to see stability in Bitcoin prices? Or price dump? how will this play out?
- Positive impact or negative impact?
- Will people still be interested in Bitcoin?
I can not shake off this curiosity in my mind. So let's talk about that. Tell me your thoughts. What this event is going to do to the crypto world. Welp. Here's the misconception about "miners and validators losing their jobs soon as all bitcoins are mined hurr durr" which could not be any farther from the truth. The fact of the matter is that not only do these miners get money from mining bitcoins, they also earn money through contributing computing power, which we then pay them through transaction fees. So just cause all bitcoins are mined doesn't necessarily mean these people who spent thousands of dollars on their rigs are left to eat in soup cans and beg on the streets. They'd have a prime avenue to take advantage of. Furthermore, the economy will be even more empowered if all bitcoins are mined as there's nothing left to do by then but to hold, buy, and sell bitcoins, which will open more opportunities for people from outside the industry to get in and see bitcoin for themselves! |
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Do you think that CBDC will eradicate Paper Money? I don't think so and even if it's going to happen it will be very slow because we have people that don't want to use digital payment still, it's going to be a matter of choice, choose what suits your convenience.
We can't do without the Banks, to spend Bitcoin in the real world you need to convert into Fiat and that money is heading into your Bank account anyway, what we want to prevent is cleaning every traces of Bitcoin money into our Bank accounts, that's why I personally use P2P trades.
The exchange between Bitcoin into Fiat is controlled by YOU, not the government or the Banks, no one forces you to sign up on a centralized exchange and pass their KYC, everyone knows what KYC requirements means when asked.
A real P2P platform is one step ahead of Banks, government and other centralized puppet companies, it's left for you to make your choice wisely.
About the Tainted Coins, it can still be avoided, the problem with privacy and anonymity in crypto space starts with a user, who look for centralized platforms themselves and passed their KYC, you want to stay out of sight? Don't ever pass KYc and stay away from every God damn centralized exchanges.
Exactly. The most common misconception that people have when it comes to CBDC is that it will effectively replace paper money which it won't, cause this will effectively bar those who are off the grid and those who do not have internet capabilities from ever participating in the economy. Plus it doesn't make sense to counteract paper money with digital money when they could work hand in hand anyway. It's also worth noting that while it's up to you to pass KYC requirements just so you can trade and use the platform effectively, the aggressive approach that some CEXs employ just so they can make people verify is a little exploittative, and them being one of the biggest gateways into cryptocurrency makes the industry a little less democratized if you'll ask me. |
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I was about to reply to this thread before it was locked by the OP. Our Vision: How to change the world in three simple steps by Bitcoin"The discussion raised an important issue that I believe many of us can relate to and should consider. As long-term Bitcoin enthusiasts, some of us have been part of this journey since its creation and we have witnessed its transformative power firsthand. Bitcoin has undoubtedly changed lives and ignited dreams for the future. recently, i came across a video on YouTube https://youtu.be/3Rnqst5qCgA where the creator was very optimistic about Bitcoin saving the world from POVERTY, HUNGER, GOVERNMENT, WAR, ECONOMIC CRISIS creating a UTOPIAN WORLD. he even went as far as predicting the year 2048 and 2109, how Bitcoin would be the only dominating currency in the world. While we all share a belief in Bitcoin's potential it's crucial to strike a balance between optimism and realism. Placing Bitcoin as a sole savior in solving all the world's problems might not be a practical approach. We should all remember that Bitcoin at its core is a currency meant to serve as a decentralized medium of exchange. We should not bother it with unrealistic expectations. we must also recognize that not all countries will readily embrace Bitcoin regardless of its undisputed qualities. Governments tend to have different perspectives on Bitcoin and some may be hesitant to change their existing views and regulations. The acceptance of Bitcoin on a global scale will likely be a gradual process spanning several decades to reach its full potential. Unfortunately many of us may not witness its complete realization and we should remember that while Bitcoin holds remarkable promise and has the potential to shape our future let's approach it with a sense of realism. We can appreciate its transformative power while understanding the challenges it faces on its path to widespread acceptance and maximum impact. (This is just my on view) I share the same view as yours. The fact of the matter is that they are portraying bitcoin as some sort of end-all-be-all solution that I'm positive they think Satoshi Nakamoto's the second coming of Jesus Christ or something. It's laughable at some point but at the same time this is something that people are genuinely believing in, so big yikers on that one. What's funny is that these things come from people of influence in the industry like content creators and vloggers or something. They paint bitcoin and cryptocurrencies on social media as if it's heaven-sent or something either for likes or impressions, but what they fail to realize is that they bait people into thinking that there's no risk involved in crypto when in fact the whole industry eats that stuff for breakfast. |
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I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.
I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.
So what do you guys think, let's share knowledge.
Doesn't hurt to. I've found some of my closest friends in signal group too so it's something that I really recommend. It's a big plus if they are a signal + airdrop group too, which gives you not only signals for which assets to buy, but announcements for big airdrops you can join so you could grab some free tokens along the way. One thing that I would just like you to advice avoiding is the existence of signal groups that require you to pay first in order to be allowed to join. You'd get free signals from something and no matter how great they sell you their services by saying words like "we're using a complicated algorithm bot to check the market for us" or "we lost only 10% of our calls" steer away from them. Signals aren't supposed to be something you should outright follow, but something that would help you make weighted decisions as you're trading. If it came to a point where they are saying something along those lines, jump ship and find a different signal group. |
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The law is harsh, but it is the law.
These bitcoin ATMs knew what they were getting into. No way do they think that the government will let things slide without at least asking them to license themselves to operate. And this negligence to follow the basic rules in operating is what pushes me to side the government this time, much as I hate to admit it. The least you could do is to follow legislations and get a license to actually operate within legal grounds to not only be on the good side of the law, but to also as much as possible give your users the peace of mind they deserve.
Seems like nowadays people are just in this industry for profits, which is not entirely wrong, but if you're jeopardizing its integrity for a quick buck, then we're going to have a little problem about that.
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I thought I'd share this with you guys. I stumbled upon a video on TikTok(link below) talking about a bathhouse business in New York using the heat from the Bitcoin mining rigs that they own to heat the water that they use for their pools. for anyone curious about the process of how they heat the water they use for their pools, they made a FAQ on their website about it, I'll share the link below. obviously, there are people who don't like what they are doing because of the carbon emission produced by the Bitcoin mining rigs. but personally, I think this idea is genius, they are saving money for their business by using the heat from the mining rigs and they are earning money from mining Bitcoin, it's a win-win. also, judging from their FAQ, it looks like they also accept Bitcoin as a payment method(surprising). TikTok videohttps://www.tiktok.com/@thechainsawdotcom/video/7249624706419117313FAQhttps://help.abathhouse.com/hc/en-us/articles/16748674443924-Do-you-mine-Bitcoin-How-does-it-work- While I understand the worries and concerns of people in the environmental sector, what they fail to realize is that bitcoin mining's not even that detrimental to the environment anymore, since a lot of the newer models have become efficient in what they do and while they still require copious amounts of energy, I'm pretty sure a lot of movements within this industry already did their part to lessen the effects of bitcoin in the environment. While this news is not "new" anymore cause I also saw this guy on TikTok who tries out side-hustles he sees on the internet and had once tried to use a bitcoin miner in his house as some form of space heater, the fact that there are more people who's jumping in on this trend is interesting. |
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Some few days ago, Mark Zuckerberg launched a new app called Thread. The whole netzines are wondering what his intention. Could this be an experiment. The shocking though expected of it is that a few hours after it was launched, it recorded success both in the number of users who signed up to use the app and most importantly on Meta's stock. However, looking critically at the app we can it is obvious that it is merely Instagram clone. We already know that there is some bad blood between Meta and Twitter. Or Mark Zuckerberg and Elon Musk. Given this, I would like for us to discuss this, if Elon Musk decides to launch a clone of Twitter app, do you think it would achieve the same level of success in terms of user base and Stocks considering Elon's controversial history with Twitter? - https://www.forbes.com/sites/brianbushard/2023/07/05/meta-stock-soars-to-18-month-high-ahead-of-instagram-threads-launch/ Nope. I don't think so. Number of factors at play that leads to the massive devaluation of the twitter stock and just cause they are up against a twitter clone doesn't mean people will choose them over the latter. For one, Threads actually provides more access and liberty within their platform, against the opinionated Twitter userbase. Another would be the fact that Twitter as it stands today is already a dying platform, no thanks to Elon's belligerent moves that lead to people losing trust in him in the process. I don't see the price of twitter stock increasing any time soon unless Elon passes the ownership over to someone more capable than him, and someone who really knows how to run a social media business more than charging people 8 bucks so they could enjoy the full experience that they were able to anyway before he came in. |
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The world has freedom of speech and you can call Bitcoin as anything you want in your vision. You can call it as it is, Bitcoin but you can call it as a shitcoin, a virtual currency, digital currency or even a scam currency. If you buy it and hold it as an asset, you will call it as a store of value, for your investment. If you use it at a gambling site, you will call it as a gambling currency. You use bitcoin in your own ways and other people use their bitcoins in their ways which can be different than yours. It can be called as The Internet of moneyor as a Bitcoin standard. Whatever you call it, others call it, Bitcoin is Bitcoin. That's a little lazy you know. Cause it doesn't really dig deep to what made bitcoin an investment in the first place. To answer your question OP, for a good amount of time bitcoin was solely used as a form of peerless money transfer method across the internet. Think of it as the basic version of Paypal. It was like that for a couple of years but soon as more people jumped into the train and bought or sold bitcoins for themselves, the value of bitcoin increased, from going for less than a dime back in the days to as much as 70 bucks in 2012 (AFAIK). Since then, people saw the opportunity in bitcoin and decided that since it pumps in value over time, it could be wise to hold money on it not for the sake of using it as a payment system, but to bag profits in the process. That's just what happened and until the boom of cryptocurrencies in 2016, the term bitcoin "investment" became more popular. |
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Nowadays many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin? I think they would have invested in Bitcoin and they could have made money from it.Besides, if they can discuss about Bitcointalk in detail, then I think they will learn about Bitcointalk besides investing in Bitcoin. In this, the person addicted to gambling could stay away from gambling besides earning money.
One thing to remember, I'm not criticizing gambling. I'm just sharing my opinion. thank you
I think this just might work! Trading's a little too close to gambling anyway, just without those extra bells and whistles. So you could easily market trading as a means for these gambling addicts to redirect their desires to waste money on something that would really help them. Although what I'm concerned about is the gateway effect you know. Since trading's a little too similar to gambling, this may urge these gamblers to get back on to gambling anyway instead of learning piles and piles of learning materials just so they can trade effectively. Either way I see potential in the concept and I would love to see if people capable of making this happen will do so. Otherwise it's just going to be yet another of those ideas that we had in this forum which never really happened in real life. |
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Which is better to invest in copy trading or bot
And is there any other alternatives
I have 4k btc to invest
None of these ever worked for me, so I reckon you shouldn't use them either cause they are a fun gimmick at best and a scam meant to lure people who don't know basic trading principles out of their hard-earned cash. If you managed to go so far as to earn as much as 4k BTC without ever using trading as a form of profit gaining then might as well stick with what works for you yeah? Or perhaps you're talking about $4k worth of bitcoins to which I say just save it for now, learn trading by heart so you don't have to rely on these scammy bots and copy traders who don't even know what they are doing in the first place, so you have full agency and accountability for all your wins and losses. |
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When someone has a particular wallet which he spends Bitcoins from can he be considered a Bitcoin investor?
Or does the term investor refer only to those who hodl Bitcoin?
it all boils down to whether you're here in the industry for profit or you're not and you're looking to do something else. For the most part, every person out there who bought bitcoins, used it at least once and then held the rest are automatically considered "investors" since they bought and invested on bitcoin for profit. Certain people who didn't buy bitcoin and are here for profit too but took a different route, like employment or developing, are still technically investors but we don't really talk about them. The main gist is, if you have bitcoins in your wallet, you're using some sort of strategy either to get more bitcoins or to get more dollars out of your bitcoins, and it's working, you're already an investor hands-down. |
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since 2018 which is over 5 years when I got information about Bitcoin I have lost lots of opportunity that could have changed my life because I choose to be reluctant from concrete friends advise concerning Bitcoin because, through investment of cyptocurrency many of my pals have been scammed and the downtrend movement in 2018 also got me discouraged so i concluded that Bitcoin was not worth the risk for me, and
now I have come to regret from the discission i made due to ignorance because over the years it progress has really attracted my attention, so i met a friend who is now i successful investor and he introduced me to this platform
seeing the success, growth and progress of the platform, I want to personally appreciate the members from legendary to newbies like me for keeping this platform running and going
Thank you very much for your supports and consistency
Props to you for gauging your risk tolerance and all that, but every once in a while it's actually wiser to go the distance and risk something in order to gain something you know. Risk tolerance isn't all about avoiding risks anyhow, it's just about finding which ventures you can take on without begging for alms on the streets. I don't take it against you to think that this industry was not for you initially cause for a lot of people it really isn't. Risks of losing stupendous amounts of money, losing jobs, getting scammed, all of that stuff is pretty common here and this industry's not for the faint of heart. All in all, I see that you're trying to get into the world of crypto now that you knew better. I support that and if you have any questions about how this thing goes just let us all know and we're pretty much gonna be happy to help you out with it! |
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Public beef or fights involving billionaires, celebrities, or even top companies often puts them into the spotlight, attracting attention and generating increased traffic, hence, more income. My question arises as to whether you think some or most of these conflicts are genuine or intentionally crafted/orchestrated by the parties involved to maintain their prominence and financial gains.
Also, could this be considered as a strategic element of their business or career strategy? And If so, is this a good strategy?
I think it's less about getting more into the spotlight and more of them just goofing around cause they got millions anyway and they can do whatever they want. They need no further introduction or exposure as they already are rich for one, and are notable on the other. They don't need to do it for anything other than for the hell of it. If you're talking about Elon and Mark's debacle I guess it just boils down to the latent animosity that both had for each other since time immemorial lmao. Honestly would love to see more billionaires putting it out on the ring, instead of court rulings and stuff. |
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I have been thinking about trading in Bitcoin for quite some time now. I have been involved with Bitcoin for a long time but am still thinking about investing here. I used to run DPS in bank for 30 dollars per month for 5 years, this DPS will complete 5 years this month. I'll get roughly $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion
While investing in a coin that's historically shown to appreciate in value like bitcoin is always a wise decision, I wouldn't really go so far as to say that you should bust your whole savings in it cause at the end of the day, you need money for when the rainy days come and bitcoin wouldn't be so secure for that. At least invest half of it on bitcoin and keep the rest as part of your emergency funds, that way you can ensure that you don't scramble around looking for money when shit hits the fan, and you still get to be part of the bitcoin train at the same time. The recent debacle against banks stray the people's attention away from the fact that saving is still just as important as investing, if you only invest and didn't save you wouldn't have gone anywhere, if you only save without investing your going to have useless bags of money lying around in the future. A little bit of everything is just perfect. |
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