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I used to keep some of my crypto balance on some trading sites but after sometime I realized that it is better to keep it on your own wallet, where you have your own full ownership so right now all of my crypto are safe in my Ledger.
I only hold it on Ledger since I don't want to trade them or use them anytime soon I am planing to hold them as long as I could.
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I don't really know how much I have lost but I do remember losing Bitcoin or crypto because of losing my private key.
If we would also consider the amount that has been lost due to scam then there would be huge amount for it.
I hate to recall those memories but they are part of the past and they are the best lesson that I've had.
Because of those event I learn some valuable lesson to always save your private keys and don't easily trust any investment.
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Whenever I have some relatives or even close friends who would ask me some crypto or market related question,
I would just explain to them what I know about it in the simplest form that they could also understand.
I have some non-crypto friend or relatives who are interested in it so I would just give out example that they could easily understand.
The key to it is knowing how much they know about the topic.
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When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other. I know of women who have the passwords to their husbands bank cards and they can make withdrawals on his behalf. I will like to ask the Men here if they have shared their seed phrase with their wife's? I will like to ask the women here how they will feel if their husbands refuse telling them their seed phrase?
If my partner is interested in crypto then I would share it with her. Not everyone is interested on it since they find it difficult to understand or it is too complicated for them. |
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Top coins changes since 2013 to 2022 Coinmarketcap Cryptocurrency Historical Data SnapshotMany coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell. If you buy altcoins, please don't buy them because they're top coins. Since 2013, only Bitcoin, Litecoin and Ripple are there till 2022. Since 2016, Ethereum is always there. Since 2018, Binance BNB is always there. Binance looks good with BNB and BUSD. Binance BNB ranked 16th in 2018 and Binance USD ranked at a same position in 2021. Now BNB is at 4th and BUSD is at 6th. The main point here is don't just buy it learn to dig information first. Not all of those top listed coin would last forever you should learn when to enter and when to exit. There are so many crypto out there and most of them would be worthless but some of those could also give you profit if you could ride it perfectly. |
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You are already using Binance pay which supports Bitcoin transaction too. My customers are not comfortable holding their BTC in Binance, so there were no transaction made with that. It’s good to see how booming your business. Are you charging some premium when they are paying in crypto since there’s a chance that you will get less once you convert it on fiat.
No, I charge them regular. But I am thinking to add 5% discount to anyone who pays with crypto. Hopefully that will attract those who doesn't use crypto. hopefully that will help me grow more Well to be honest 5% discount would be really tempting for those who are new to crypto, and it is a great way to promote your business and cryptocurrency at the same time in your area. And crypto are being used as a currency this time and not as an investment tool so great job OP. |
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Buy while it's on a low price and enjoy the pump later on.
I plan on keeping most of the crypto that I bought on this dip till the next ATH(Hopefully I could withstand the temptation to take my profit when it pumps up).
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For me it is not about wealth it is more about knowledge and financial management.
People could use Bitcoin or crypto whenever they want, but they should know how to handle or manage it (Risk Management).
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The problem is that not everyone could control their emotion or fear when the price starts to drop low.
And I think that the reason why others couldn't HODL is that they invested more than they could, so when the price drops down they have no other choice but to sell because they couldn't afford to hold it.
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I think I would just open the topic and let them choose between Bitcoin or Alt-coin.
But I also must state the stake or pros and cons for both of it.
If you would open up investment to anyone you should guide them properly and tell them the pros and cons of those investment.
There are some people who would invite others to investment and only talk about the possitive things so others aren't aware of the risk of investment.
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It is good to see that any establishments are willing to accept Bitcoin but the question is if people are also wanted to spend their Bitcoin buying stuff.
That is really amazing, yet most of us had considered Bitcoin as an investment which makes me think that people are still preferred to use fiat over Bitcoin. I'm going to say that because, in myself, I can't do it. I can be one of those people who believe Bitcoin as a currency but never use it in real life as I can see more benefits if I use this for investment.
You are not alone, I think most of us think that way. We might consider or believe that it is a currency, but find it hard to use it as one since there is a chance that we might gain profit by holding it. I mean who would want to spend something like that, if you know that it could rise up any moment soon. It is not that we don't see it as a currency we just want to utilize the profit that we could and we could still use Fiat after all so we aren't force or obligated to use it as one. |
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Just the fact that it is still being used and it still have a value is enough to prove that it wasn't a failure.
We all have different opinion when it comes to success so for me this project was a huge success even though it isn't being used as a currency, we couldn't change the fact that people would tend to use it as an investment tool rather than using it to pay for things that they could with Fiat.
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Crap coin or shitcoin would always be destroyed Bitcoin doesn't even need to be involved.
Most of the Shitcoins would always be dump and would be forgotten after investor's claim their profit from it.
We have seen it so many times and I believe that we would see more of it in the future.
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Bitcoin has faced so many times like this before and proved to us that it wouldn't end like other crypto.
Just see how many companies have accepted it I am sure that it would survive and be back on it's glorious time.
It would take time for it to recover all we need to do is continue to support it.
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If Bitcoin didn't exist I think that there would still be cryptocurrency someone would succeed on creating it,
Bitcoin was the first successful cryptocurrency but it wasn't the first so there would still be others who would try if Satoshi didn't create Bitcoin it might just be a different name and creator but I guess it could still be close to it's function.
But if cryptocurrency didn't exist I think some of us might be really bored and doesn't even have investment, I mean I know some people who only started investing because of cryptocurrency.
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Recent fall of FTX shook the crypto ecosystem Also It has come as a lesson for crypto world, though an expensive one.
There are many crypto assets that are currently in the market and are backed by nothing. This has shown that when it becomes too risky to invest in shit coins and why we should avoid it.
Moreover it's becoming clearer that in future a lot of shit coins are going to fall on their face and wipe out from the system.
The fall of FTX also showed the lacuna of POS as well. While ethereum moved to POS. I believe it has in one way or other affected the crypto ecosystem to lead to this fall.
Believe it or not the future is of crypto regulations. The thousands of crypto projects which have been launched without any meaningful backing are going to fall on face.
It's time of retribution for those altcoins
All the naysaying and scepticism of bitcoin will going to end soon. As in a well regulated market only are few currencies will be traded. And for sure bitcoin will lead from front.
Bitcoin has always been leading in front, it has always been on top and there is no doubt about it. Most of us are already aware about the future of shitcoins it was called shitcoin for a reason, and I don't get why people have high hopes for those project when we are already aware that those project would only last for short time(most of them would be used by pump and dump groups to gain profit). |
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This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works. I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k. Haven't even heard about FTX until now lol. This shows how panicked I am  1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.We all have different circumstances in our life others need to cut loss in order to survive while other have the privileges to HODL because they could live on with it. Not everyone is lucky enought to have that kind of privilege, I know most of the time we would tell the investors or trader to invest only what they could afford to lose so they could also hold it like you, But in reality it doesn't happen that way people would be greedy to invest more than they could because of the higher profit that they are aiming. |
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Bitcointalk username: GideonGono Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=20857;Bitcointalk Rank: Hero Member Post count : 1687+1 Your Telegram Username: @GideonCrypto Your ETH Address: 0x4c8931936fa0c9710773e8ff585ccd47d784da27 Joined Telegram, Bounty group > Yes |
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This really never get's old in the forum everytime something Big happens they would try to connect it to any event just to blame it.
Linking crypto and other stuff just to justify or even have something to blame,
I think they just find it a lot more easier to accept if they have something to blame it on, that is why they try to connect everything.
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You might be right OP it isn't really quitting but a simple break.
The question is how long would the break would be?
Cause we don't really know for sure on how long we could stay out of gambling.
We might have been gone for long but who knows maybe in the future there would be something that would make us come back into it.
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