As he ages, the window for him is closing. I never saw him encounter any financial problem because he has been diligient and frugal. This meet-up has completely changed my mind. Even people like him are struggling financially and we'd better prepare a comfortable life for the old version of ourselves. This uncle is still doing okay although with some struggles but I am sure there are millions who are broke and wish they could have made and saved more money when they were young. Always plan for the future. What do you think ?
This is a common mistakes that human beings make, they enjoy their youthful age without planning for their future, you can see them going to all expensive places and traveling around the world wasting all the money they're making meanwhile they have no savings for the future or when they try investing for the future they go for scams because they're now under pressure. It doesn't matter how much you're making today or how comfortable you're, what matters is will you be able to keep that lifestyle when you're old and can't do manual labours anymore. We should always plan for our future or we'll belike your uncle or millions of others that are now broke and unhappy. I disagree with the "It doesn't matter how much you're making today or how comfortable you're." Of course it matters. Enjoying and being comfortable in the present and preparing for the future are not mutually exclusive. Enjoying today does not necessarily mean that you'll disregard your future. What I learned in order to balance life is to set realistic goals that align with my long-term goals. I learned what to prioritize so I wont spend my effort to unnecessary things and I make sure to allocate funds for things that bring me joy such as my hobbies or travel. It is important to enjoy the process of working towards your goals and celebrate small milestones and accomplishments along the way. But not all youth can do this, so they learned to compromise. That's when your thought of "what matters is will you be able to keep that lifestyle when you're old and can't do manual labours anymore" enters. They are forced to live a life not enjoying their present because they have to prepare for a good future and make sure that their next generation wont suffer the same, that they'll be able to enjoy. Don't blame the youth for enjoying life, they learn. |
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There are many women in crypto trading today, and many are ready to engage themselves to be involve because they have heard and saw what crypto trading has done to those that invested a huge amount of money some years ago to became a wealthy women in the community. I think, crypto trading is made for both men and women but men have more time in crypto trading than women that made men to be ahead of women in profits making, because men know when to invest and expect something huge to embrace. But women have a lot of home activities to carry out to make the home look good and to make food available for the family which may cause women not to have full time in crypto trading.
Your statement is so stereotyping. Saying that women have less time for crypto trading because of house work and less chances of making profit shows how misogynist you are. Like all the other things, crypto world has been male-dominated but there has been a shift in recent years as more women have become involved. Women are often underrepresented in the cryptocurrency industry which creates a sense of isolation for women who are interested in participating. Also, women in cryptocurrency trading face stereotypes about their abilities or interests. Just like how youve said it. As the cryptocurrency industry continues to grow and same for women who enter and excel in various roles like including trading, engineering, marketing, and everything. Yeah there are still challenges because there are still people like you and there are biases to overcome but the the cryptocurrency trading industry is becoming more diverse and inclusive, creating opportunities for women to contribute and succeed. There are so many women involved in crypto world than anyone can imagine, they just don't make a big deal out of it. There has been the same thread like this years ago and I think it'll will be a great help for you to get back to it: https://bitcointalk.org/index.php?topic=2530836.0 |
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Current number of post (Including this one): 2461
Rank: Sr Member
bech32 address: bc1q5up5yhjnz4pn3hkzktm53x2py9vzgx5ntzd08a
Merit earned in the last 120 days: 11
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The best option is having no debt. I dont really like have a debt because it will distract my mind. Especially take a loan for buying bitcoin is not good. Never gambling with something that probably can ruin your life. If the investment is turning to nothing you will end up with debt + loss.
Right. A good debt is a debt that you can afford to pay. Investing your borrowed money in bitcoin is a bad debt because you wont know when youll be able to get the money back. Personally, i borrow money or do installments only for the purpose of maximizing the time value of money. When it comes to cryptocurrency, you should only risk money that you can afford to lose and I dont think that counts borrowed money. |
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It is indeed not easy to change the habit of someone who used to often play in fiat casinos to try to play gambling in crypto casinos.
They need a lot of learning until they understand how to use crypto properly, then they can try playing gambling at crypto casinos.
But sometimes, when learning about crypto, they immediately try to play gambling by buying crypto and depositing it in crypto casinos.
And this might give people a better understanding because they can get experience in using crypto.
Yeah. I think it wont be easy for crypto casinos to completely churn fiat casinos in the near future. Fiat casinos have been around for a long time and many people still prefer the familiarity that comes with using traditional currency. Also, there are still barriers to entry for many people who are interested in using crypto for gambling like if they are not familiar with how to buy and use cryptocurrencies and there are still concerns about security and regulation in the crypto world. I think fiat and crypto casino can totally just coexist. |
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I dont think DeFi and NFTs will change the way we handle our money, I mean I think it is still up to us on how we'll manage our assets. Of course, with DeFi and NFTs in our hands, we'll be more careful in making decisions and managing risks. It will not remain as it is that it will only be used by a small group of people. Just like hntil today when we are building crypto communities, DeFi and NFTs will be widely adopted as well by many people.
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I never expected anything less from a man like Musk, many people are saying he can't manage Twitter and some are saying he had lost a lot since he took over Twitter, where are you guys now? I knew this man is up to something, a single Tweet about Dogecoin yesterday the whole market get into good shape again, I thought the Hype was gone as many said, Dogecoin and Shiba inu will still surprise a lot of people in 2024, but I have a good feeling about this. Elon is coming with the least surprise anyone could ever think about. This move benefits Bitcoin and even Ethereum, if think I am wrong? then you must be blind.
I think this shows how Musk always have a significant influence on cryptocurrencies. Remember when he announced that Tesla will accept cryptocurrency as payment and then the price of Bitcoin rise up? Then when he announced that Tesla would no longer accept Bitcoin as payment, citing concerns about the environmental impact of Bitcoin mining, the price of bitcoin dropped and a wider discussion about the energy consumption of cryptocurrencies became controversial across the world. It seems like whatever he does, his statements and actions have the power to shape public perception towards crypto. People made him so relevant. |
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Here is what happens to my friends and me and I am sure this is a reflection on different financial values and life attitude in general. Well, I don't drink any alchohol while a few friends of mine love drinking very much. They would gather to have dinner/drink almost every day(at least four times a week). I am often invited but due to my no-drinking habit, I usually turn the invitation down. We are all family men but they are a few years older than me. Their children are much older than my kid so probably they don't need their fathers' attention and time. I always put my family first so this is also one of the reasons I don't join them that frequently. Financially, every gathering meal/drinking is not cheap because it involves a lot of drinks and dishes. The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months. This is considered a huge waste of money in many people's eyes cause most people don't earn much. Although I don't drink, occasionally I will treat them and pay the bills for the guesture of friendliness. Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.
I think that was a total waste of money what can we get by drinking what will be the possible result of drinking too much and what is the outcome of this wasting of money? If you are rich and has a lot of money and you think you can't be poor even if you drink and waste your money daily then you can drink and do what you want but if you are not that rich and you have a family to feed maybe you should think twice before doing unnecessary things. Now im glad to know that there are still people who dont drink even the people around them are all drinking. We have the same experience OP. I always turn down also when they want me to take a shot but im still with them. Regarding to the question, at some point it is a waste of time if they keep doing it many times in a week. Just like you said they drink atleast four times a week it means they spending their income for it. They cant save much money if they keep spending it to alcohol. On the other hand its not a waste of time and money if they just do it occasionally like birthdays, anniversary, promotion or something good that happen because it will be a good memory that will be cherish till you get old. Spending time and money for a lifestyle you cant afford is what I think a waste of money. When you spend more money than you have, you may have to rely on loans someday. Also, if you will choose to so spend like how your friends do, spending beyond your means, you may not be able to save enough money for important things. Material and expensive experiences can provide temporary happiness but we can still find true fulfillment from living within our means and in the things that truly matter such as meaningful relationships and pursuing your passions. |
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Good luck fighting the crypto industry that is evolving very fast and adoption is just getting better and better.
I think it's nothing. They can't win over bitcoin and it's already widely used for them to ban it. And they also should respect the fact that crypto investors are an interest group that will surely vote against her and other opponents can use it to drag them on their side.
So I think in the end she will be forced to change this policy.
Definetly a wrong move for her. Crypto gives the right to people to own digital property and her anti crypto campaign is like an anti-values for the Americans. A person with a mind like her in the senate will do good since she have already helped a lot of people noting that shes has done a good job from her previohs terms. But it has always been a part of her campaign to fight against crypto. Ive done my research and I think there are still many people who believe in her platforms that's why issues like these should be talked about so no one will be a victim of fake news. She can spend the money to other better projects than in the anti crypto army. |
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If Bitcoin was the only cryptocurrency available, then the market won't have grown how largely it has grown in just it's first decade. Bitcoin would probably had gotten more attention and it'll be easily labeled a scam and then people will avoid it as government officials will take it upon themselves to advertise against Bitcoin with their media connections.
Still bitcoin would had strive and gained support by its supporters because then the market won't be divided, we won't had have no scams ICO that made many to lose their money. We won't have gotten the levels of successful exit scam events the industry has recorded. If it was only Bitcoin, the market would had been more safer.
Altcoins made the market centralized and gave rise to the public figures that are spoiling the name of Bitcoin since the general public associates any cryptocurency scams with Bitcoin.
If there is only Bitcoin, Bitcoin price would have been $100k already or more but the crypto market or market cap will be much smaller. Some alts helps the BTC adoption but many of them have made people think that crypto was a scam only because they got scammed of those altcoin and tokens. About BTC, its identity will still be the same. It will be known shady at first but later on or when more people got involved with it, their doubts will only be removed. If there are no altcoins, I think regulations and KYC are still going to come here making Bitcoins more centralized. I don't regret that there are other cryptos because I already benefited to some of them. Definitely. If bitcoin is the only cryptocurrency, its price would be so much higher without even doing anything. Without competition, i think it wouldnt even inmovate its market. Also, more people I think will become aware and involved because there is only one coin to discren whether scam issues and other negative news are true. Unlike today where there are so many altcoins, it becomes hard for people to choose what to believe and do their own research. |
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This is innovation and this can solve the problem of longer lines mostly in holiday season because we know that there are a lot of people purchasing things but i havent heard it in our place but i am hoping that we will have one as well as paying using cryptocurrency. Though it is not legal or illegal in our country we still expect that the government will check on it
Yeah. Paying bills using digital currency cards or gift cards is so convenient and it is also a good gift idea. Payment using digital currency is not that widespread yet because it is a new concept and many businesses may not understand yet how it works or how to adapt it into their existing payment systems. Also, some businesses may be hesitant to accept digital currency because of the potential risk of losing its value. |
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Whether or not the influencers are getting paid, people should build the habit of Doing their own research when it comes to investing and trading. You bear the financial risk of your decisions and should not base those decisions on someone else's opinion.
There is no guarantee in cryptocurrencies, so any project that "promises" any type pf growth at all is a huge red flag.
Right. Following crypto influencers has its own pros and cons. They help us to stay updated with the latest news, share their insights, and sometimes they do giveaways. Tho some influencers don't really give credible advice because they don't have reliable sources of information and just use social media to promote certain cryptocurrencies for their own benefit. I think following too many cryptocurrency influencers can lead to information overload and and if there is anyone that should unfollowed, it should be based on our own research. It is important to do our own research and make informed decisions rather than relying solely on influencers' advice. |
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So I want to hear your opinion: how to make bitcoin technology "safer" so we could fight a crime committed with crypto and help with bitcoin adoption without taking away the main features of bitcoin like decentralization and anonymity?
This is not the way things work, every technology has its upsides and downsides, lets look at cars, since their invention cars have changed the world and we could say that cities are built with cars on mind and not people, and yet the technology has huge downsides like producing high levels of contamination, reckless drivers and even the use of cars as weapons, and yet we keep using them, why? Because the benefits they bring are greater than their costs, bitcoin is not perfect but the benefits it brings are great and the whole system will not be changed just to reduce the number of bad actors which use it. The best start to fight cryptocurrencies crime is not to make one. We can't deny that we've been curious how those crimes happened but we don't have to do it ourselves, and that is a big prevention, I believe. It's true that criminal activities are inevitable but that doesn't mean that we have to ignore it. We can raise awareness and improving the security protocols of Bitcoin network. These type of talks only benefit the people who dislike bitcoin and doesn't help us at all. Sure it might have been used in crime activity before, and maybe it will be again in the future as well. But that doesn't change the fact that fiat is used for it as well and has been used for it for a long time as well. Which is why I believe that we shouldn't really be considering that as a negative for crypto and move on. Try not to look at the negative of crypto that is not negative for you, like this one is not a negative to you, so ignore it, because its still by far better than fiat and that is why it is better to have than any other currency.
I doubt it. Those people who believe right away with misconceptions are the ones losing something, not bitcoin. Having talks like these increase awareness on how we can be careful with our asset and how we can build a better bitcoin community. Also, it is the negative feedbacks that made Bitcoin grow up to this date, the users and bitcoin itself were able to prove those misconceptions wrong and improve the network. |
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Is widespread bitcoin adoption really in our favor? For everyone to use bitcoin, bitcoin needs government approval. And the government will not be able to accept it if there is no benefit from it, meaning bitcoin will be more controlled, we will be controlled by them, taxed...So I really didn't expect bitcoin to be popular that way.
I doubt it. Bitcoin was able to become so popular right now without the intervention of the government. It is more like the government has to adjust with Bitcoin and vise versa. But I got your point, in order for everyone to benefits from it, taxes will be involved and government too. I think global adoption of Bitcoin depends on how it will address the challenges that have prevented it from gaining wider acceptance so far including regulations. Also and most of all, many people are still not familiar with Bitcoin and cryptocurrencies until today. Raising awareness on how Bitcoin works could help to increase adoption. |
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I don't see fractional reserve banking system as something wrong or illegal like what you're implying. I think it is the exact purpose of banks which is to circulate money in the economy by lending out the rest of the money to borrowers or invest it. Banks exist since centuries. There were banks in Mesopotamia and Greece 2500-3000 years ago.
Do you suggest that we should dump banks completely? I think that the global economy can exist without banks, but sooner or later, somebody is going to borrow money and someone is going to lend money. Banks going bankrupt is a part of the game. The major problem of the financial system isn't fractional reserve banking. The major problem is the uncontrolled money printing and the moral risk, which it creates. Nowadays, every bank can invest in risky assets, knowing that when "the sh*t hits the fan" the central bank is going to step in and provide unlimited support with newly printed money.
I don't believe that Bitcoin could solve this problem. The majority of the people are just too used to using banks and fiat money. They can't simply switch to Bitcoin/crypto.
I think it is not the printing of money either. It is not the practice for central banks to provide newly printed money directly to banks that are going bankrupt. If they do, it would be so illegal. They just provide liquidity support to banks that are experiencing temporary liquidity problems rather than directly giving them newly printed money. But there was just a case where banks around the world injected large amounts of newly printed money into the banking system to prevent a widespread collapse of the financial system and it was an exemption, controversial, and I think necessary. What I think plays the huge role in the problem of the financial system is the unequal distribution of wealth. It is very visible in the differences in income, education, inheritance, and access to opportunities in every country. |
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This is the first time I heard of this but I am not surprise that NFTs are taxed well because the government will tax anything that earns profit. I think this is a big start for the taxation, once one state start, it'll just be a matter of time before the others do the same.
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Recently bank like Credit Suisse and Silicon Valley bank are collapsing. People are switching their money to bitcoin. Is it the sign that more people are no longer trusting the bank and are moving toward to decentralized world?
I think people are bitcoin are just being more cautious and aware of how they will take care of their assets so they seek alternatives to traditional banks. I don't think it is because they don't trust bank anymore. Many people still rely on traditional financial institutions for their banking needs because tho cryptocurrencies offer potential benefits, they also come with their own risks and challenges like volatility, lack of regulation, and susceptibility to fraud. Recently bank like Credit Suisse and Silicon Valley bank are collapsing. People are switching their money to bitcoin. Is it the sign that more people are no longer trusting the bank and are moving toward to decentralized world?
I think if the banks fall, not everyone will switch to bitcoin, because there are still very many people who don't know how to access bitcoin, or maybe there are also many who still don't believe in bitcoin. I think the article you read only votes for crypto users. Also, if the banks do crash, I think people will probably be inclined to go for gold, silver, or some other thing that might be really valuable and can be resold later. However, the public's trust in banks is currently very large. I think people will still be waiting for an alternative to that, and the government is unlikely to just see this happen. they will definitely look for alternatives to remedy this situation. Yeah. I don't think the government will allow crypto to widespread in financial institutions without getting involved. But they cannot prevent people from looking for alternatives especially those that started early with bitcoin. The trend towards decentralization is complex and people's trust in traditional financial institutions can be influenced by a variety of factors. |
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the logic is like this, if someone controls Bitcoin then the price of bitcoin will be easily manipulated?
But so far I don't see anyone controlling it. The rise and fall of prices is only influenced by the media, not controlled. if there is bad news, usually the price of bitcoin has an effect and goes down on the market, so if for example there is good news, the price of bitcoin goes back up.
neh, therefore I don't think anyone controls Bitcoin.
I doubt that there are evidences that say Bitcoin is being manipulated. Its price is determined by market supply and demand and the market is highly volatile because of news and investor sentiment. But there's nothing wrong to be skeptic because the lack of regulation and transparency in the cryptocurrency market can make it susceptible to manipulation like insider trading and market manipulation by large players. Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?  There’s a rumor about this but I think whales can’t totally control the market, though they can influence it but its already a different approach. If you think Bitcoin price is manipulated, then try to know when to buy so you will not get trap if ever. Altcoins still follow the trend of Bitcoin because it is still the top coins that fully influence the market, any fud and news can make Bitcoin price move. Yeah. It is important to conduct thorough research and exercise caution to not get trapped in manipulation before making any investment decisions. |
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I think altcoins are often influenced by the performance of Bitcoin because currently, Bitcoin is the most dominant cryptocurrency in the market. If Bitcoin's price goes up, it can create a positive sentiment in the overall cryptocurrency market which leads to increase demand for altcoins and cause their prices to rise as well. But this is not always the case because each altcoin has its own unique characteristics and market dynamics that can affect its price independently of Bitcoin. this is the reason diversifying could be somewhat futile attempt if not done right because whats the point of diversification if all the coin follow one trend in unity.
but good altcoin will definitely try to hold its value despite the fact that bitcoin is falling and increase when there's altcoin seasons.
after all the natural law of altcoin in general is always following bitcoin.
There's still a point for diversification because you are spreading your risk across multiple assets rather than putting all your eggs in one basket. This means that even if one altcoin performs poorly, the others that you have may perform well enough to offset those losses. Some altcoins may be for certain use cases, such as decentralized finance while others may be more geared towards payments or store of value. Tho altcoins follow the trend of Bitcoin, diversification can still provide benefits in terms of risk management and capturing opportunities in different parts of the market. |
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Shiba inu was predicted to reach 50$ per token, this woman said God revealed this price to her, another channel which is also a lady claimed that God said Shiba inu will be the new wealth transfer for people in few years to this time.
I read some comments and I saw how many people belief in this prophecy, has anyone seen something like this before. What do you believe?
It is not something that will take you too long before you realize that it is not true. Getting amazed by it or interested to it is okay but to use it alone as a reference for your next altcoin-related decision is something you should not consider. Something crazy is going on, I was watching some price predictions of my favorite altcoins on Youtube yesterday and I was a few videos about some women that claimed that God revealed to them that a certain amount of crypto projects will bring huge amount of money to those who invest in them, are you ready for this?
Shiba inu was predicted to reach 50$ per token, this woman said God revealed this price to her, another channel which is also a lady claimed that God said Shiba inu will be the new wealth transfer for people in few years to this time.
I read some comments and I saw how many people belief in this prophecy, has anyone seen something like this before. What do you believe?
I believe in a sober assessment of the situation and such a thing as facts. Don't take YouTube videos as a source of reliable information. Most video bloggers are trying to hype on various topics, increase views and better monetize their activities. If people believe such nonsense, so be it. This is their choice. We don't have to follow the opinion of the crowd. Shiba inu for 50$? Is this the coin that is worth one hundred thousandth of a dollar? Don't make me laugh. This is a hype shit project that has no prerequisites for a rise in price to 50$. Such statements can be safely ignored. Yeah YT alone is not a good basis for research. Most videos in it, like the mentioned, are more like just testimonies and not actual answers. You have to take time doing research like reading studies and news articles online. You can watch as many videos as you want in YT so you can have options on how to manage your assets from the predictions but don't rely too much on those. |
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