Probably this is the feeling of the new investors who didn't yet understand how investing in crypto works. As a crypto investor, we should know from the start that there's a risk upon your investment. The volatile market makes your Bitcoin amount value fluctuate but actually, your Bitcoin will remain the same, so nothing to worried about. If you invested 1 Bitcoin it will remain 1 Bitcoin, if the value towards dollars has been decreased, you should wait further to see your profit. Don't sell when the price is low, that is insane.
Getting nervous is normal, but don't panic and hold your Bitcoin until such then you will successfully get your profit.
Funnily enough, having control over your emotions ain't even just bitcoin/crypto-specific as a lot of people think; it's actually for investing in general, and it's been a really really common advice for decades. Here's one famous quote from Benjamin Graham(author of The Intelligent Investor, Buffett's favorite investing book): "Individuals who cannot master their emotions are ill-suited to profit from the investment process.". ^and this dude died in 1976. This advice has been THAT old. |
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Noon .1 BTC lang naimbak ko sa coins.ph way back 2017 before magbull run, tapos nakita ko dito sa forum na mas maganda daw yung Electrum, ayun yung una kong non-custodial wallet.
Assuming na nasayo parin ung .1 BTC(or more), and since mas malaki na ung halaga nyang .1 BTC, sana napagdecide na nating gumamit ng hardware wallet. Affordable lang ang Ledger Nano S.  |
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He/she either uses it(probably unlikely if he/she's buying a lot), or he/she resells the gift cards that's been bought with a bigger price premium on other platforms, for more money.
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Yes, but must have been a great period in 2009-2010. Faucets giving 5 BTC, Pizza for 10,000 BTC, buying 1 BTC for a few cents... must have been quite an adventure. I regret missing it for all the fun involved not to mention the amount of BTC I could have saved.
I totally get what you mean; you know, buying bitcoin so cheap that it's almost like you're just buying play money. Sounds lovely, ain't it? But mate, you gotta be very happy getting in THAT early. I'm guessing most of us here came into this space at 2016/2017 or later. You had a 4-year head start! and 4 years is a pretty pretty sizeable amount of time. |
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Depending on what certain month you've found out about Bitcoin, it's pretty much priced only around $100-$600(via CMC). That's pretty damn cheap and sure is damn early to me; also knowing that you had enough time(4-5 years) to snag some at sub $1000.
Personally, I've gotten into Bitcoin in 2016 when the price was around $700. And though that's hella cheap as well, I didn't have money to start with back then unfortunately, and it didn't take much time to climb into the 4-digit range.
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I think they can reach mass adoption if they have solved the problem of their own logistics, logistics is the biggest problem because most decentralized market are frowned upon by traditional market that favors those behind the curtains. Remember Silk Road, they were the spearhead of a decentralized market although their products are illegal one, they still set a possibility that that kind of system could work.
Decentralized exchanges aren't really illegal. And regardless of regulations, I don't think people would really care at all unless the government straight-off criminalizes it. It's even safe to assume that majority of people don't even pay capital gains tax over their trades/investments. |
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If you were in my shoe, what would you've told a person that says bitcoin is a ponzi scheme created to scam people?
Pretty simple, to be honest. How can a mere asset, not an entity/business/organization, scam people? It's like saying that you can get scammed by a rock. In real life though? If simple explanations like what I've said isn't enough to convince the person, then I really don't even bother. In the end, he/she's the one that's going to miss out on gains anyway, not me. To put it using Satoshi's words: " If you don't believe me or don't get it, I don't have time to try to convince you, sorry." |
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Not sure how you can "directly" purchase through a hardware wallet, but you can purchase bitcoin through a non-KYC exchange like LocalCryptos[1] for a 0.75% fee, which is a pretty reasonable fee imo; excluding the fees of the payment processor you're going to use.
[1] https://localcryptos.com/ |
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Once(and if) they actually plan on going public and go the IPO route then you're going to get that opportunity. Pre-IPO/seed-stage though? Unless you're an accredited investor, then nope.
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How come you didn't include localbitcoins and binance? Do they require ID?
LocalBitcoins do require identification, while you won't need identification with Binance if you're only planning on trading cryptocurrencies(but with a maximum of 1-2 BTC trades per day if I remember correctly). |
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..or they simply really don't know what they're investing in.  I myself am really really overexposed(in the perspective of traditional investing/finance) and became a lot more overexposed because of the price rise; and yet I didn't get nervous in the slightest because these price movements are to be expected. |
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What are my online options if cashing out without providing personal identification? US
LocalCryptos: https://localcryptos.com/HodlHodl: https://hodlhodl.com/Bisq(kinda intermediate): https://bisq.network/Just make sure to transact with people with good amounts of feedback. Also, feel free to set your own buy/sell offers if you find existing buy/sell offers to be too cheap/expensive. |
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Just on a philosophical point though...
What about Litecoin being digital silver?
Isn't Litecoin just diluted Bitcoin, and not something completely different like silver is to gold?
Litecoin's "silver to Bitcoin's gold" has got to be one of the worst selling points of an altcoin. Gold and silver as metals has their own different use-cases, while litecoin is pretty much just a less-secure, more centralized, and faster(due to bigger blocks and faster block time and far less adoption) alternative. Imo, litecoin's pretty much just a sort of live testnet. |
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Because..
1. not everyone agrees with that investment thesis.
2. a lot of people's opinions can easily be swayed by FUD and by price drops.
3. a lot of people are impatient.
4. a lot of people don't even know what Bitcoin is, and why they're investing in it.
5. price rises are NEVER guaranteed.
6. maybe they need the cash.
The list goes on and on and on..
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Oh my bad. I understood from your reply that the rates are dependent on who's selling so there is no one place that's got the best rates, and that the fees is what I should be comparing. So I asked which place has the best (lowest) fees. Or are the fees also going to flactuate?
Fees are mostly fixed(though they could change it whenever they see fit). And yea, there are simply so much exchanges to list, that you're best bet is to probably check out the fees of whatever exchanges you have in your country, and just pick the one with the lowest. Of course, take exchange reputation into account as well. I wouldn't pick an exchange that seems scammy even if it has super low fees. Definitely take your time into doing research, especially if you're going to submit personal identification. |
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Gotcha. I would then have to ask...which platform offers the best bang for your bit?
Uh.. you just pretty much repeated the question in your main topic that I've already answered. Feel free to close it, cz I've tried and it doesn't allow me.
Lock option is on the bottom left corner of this page.  |
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2. If you are referring to him, a word from Mr. Van Der Velde doesn't count. He'd be saying no negative against his very own company.
3. Sans a fully independent, objective, and transparent audit, mere words cannot hold water.
Sure, like I said I don't necessarily think we should take his word for it. It's just that if Tether was actually not 1:1 backed, he shouldn't be making unnecessary claims(unless he's a total idiot) on Twitter because making such public claims is going to give him/them a far bigger repercussion if they actually end up being sued over insolvency. Him making such public claims under his name just gives out a very very slight confidence. Perhaps someone can confirm but I read that Tether purchases account for a very miniscule (~3%) of total bitcoin market purchases?
Not sure if the exact number, but it's definitely not THAT low. BTC/USDT being the top BTC trading pair(Binance, 5.94%) says a lot already. |
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