|
A good way to start would be to apply your real world expertise that can be related to Bitcoin. If you know about economics, post about the relationship between the economy and Bitcoin. If you know about cybersecurity, discuss threats to Bitcoin users.
However, I think your question has a flaw. If you already know what to post, you wouldn't ask it. And if you don't know, then it means you have nothing to say to this forum. If you are forcing yourself to write posts, then you are wasting your time.
|
|
|
|
|
I was mildly surprised when I checked the price today and say it jump by almost $2k. Of course in Bitcoin it's a normal occurrence, but this recovery feels quite quick, I suspected that the $26k range will last for a lot longer. But I wouldn't be surprised by more gains, because everyone expects a bull run in next year after the halvening, so it would be logical to start accumulating now, which could be causing these price spikes when some big buyers do it. But then the price is knocked down a bit by short-term speculators who take their short-term profits.
|
|
|
|
|
A global economic crisis will reveal whether Bitcoin market participants view Bitcoin as a reliable store of value like many say they do, or if they merely view it as a speculative investment. If it's the latter, then Bitcoin will crash, because an economic crisis is not a good time to put your money into risky investments, it's a time to put your money into safe havens.
I think it's impossible to say whether Bitcoin is a safe haven or not without putting it to the test.
|
|
|
|
I am wondering if there is a service or bot that can assist with effective and timely DCA execution?
From what you are describing, any calendar app with alerts will suffice. No need to look for some specialized DCA reminder apps, which might not exist, or even carry malware. DCA is not some complex strategy that requires careful execution, and it's not a big deal if you miss some purchases, just compensate for it by making a bigger purchase the next time. Or just don't use DCA and invest all the money you plan to invest right now if you believe that a bull run is coming. |
|
|
|
before it's evolved into electronic money and now crypto currency.
It's actually premature to say that crypto is the next step, because it hasn't replaced fiat money, it's merely an alternative system that tries to do so. History knows many failed attempt to innovate, including innovation of money. For every new step in evolution of money there were many failed attempts. It will take a lot more years to make any conclusions about crypto, but so far it's clearly not replacing fiat. |
|
|
|
and want a cheaper and less consumer-protecting way to finance their businesses (or directly run away with your money)
Nearly all crypto projects are about running away with investors money, they do it because it's perfectly legal to do. There is no contract between an investor and the developer, like in real life projects. People buy Bitcoin or Ethereum, which is not illegal, then they use them to buy a shitcoin, which is also not illegal, the devs don't work on their project, which is also not illegal. Maybe some galaxy brain lawyers could find a way to build a case against the crypto developers, because it's all a scam from the perspective of the spirit of the law. |
|
|
|
However, when Bitcoin has reached full adoption and there is no more gain in value, then bitcoins will no longer be profitable for anyone but the traders.
It's possible that at some point Bitcoin will be overvalued, it will keep rising as if its getting more adoption, but in fact adoption will be barely moving. Unlike with stock markets or other assets, in Bitcoin market no one seem to care about fundamentals like number of users, number of merchants that accept Bitcoin, etc. |
|
|
|
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?
I don't doubt that a lot of them will fail, because people are just trying to throw AI at every problem possible, and there's a lot of unhealthy hype, and people generally don't understand the capabilities and limitations of AI. But I'm not sure if we're on the level of the dotcom bubble yet or will ever be. Perhaps the investors have learned from the dotcom bubble and try to apply some skepticism instead of throwing all their money at the new thing. |
|
|
|
Is Bitcoin the final form for humanity?
Right now Bitcoin is not even a final form of money, it's just a tiny alternative system that yet has to prove to billions of people that it's better than banks. Even if it will manage to do that, it would still be just a payment system and not a basis of the whole human civilization. |
|
|
|
Again, probably a little too late to remind for a thousand times the thing about not your keys not your coins and to stop chasing huge returns trying to get rich doing nothing. The only thing I'm actually curious about is if we will have any of those "earning and earning" platforms alive by the end of the year!
Telling people won't change much, because a lot of "investors" won't read this forum or other sources of information that expose these scams. They go from knowing nothing about crypto other than it exists + can go high to clicking on a YouTube video shilling for some crypto opportunity to putting their hard earned money into a scam. Maybe some are doing "research" by googling the service they are about to use, and finding all the positive feedbacks on the first results page due to the SEO. This is why the regulation is necessary, without it "crypto" will be synonymous to "scam" and it will be negatively reflecting on Bitcoin too. Not to mention the damage to economy and to society from these scams. |
|
|
|
|
I use Electrum because it's a wallet with very good reputation that has been around for many years and generally it didn't fail. It has been reviewed many times by the best experts in the field, so it's very unlikely that there are any critical vulnerabilities or backdoors. In my opinion the only wallet better than Electrum is Bitcoin Core, but it requires full blockchain sync, which has been for some reason going very slowly for me, so for convenience I'm using Electrum instead.
|
|
|
|
I literally had no problem back then when installing cracked Windows 10 if it means I wouldn't get those unnecessary activation notifications; what matters to me was the fact that I can play my games without any unnecessary annoyances. This is until I got into bitcoin/crypto — then I had to take security very seriously.
I was in the same spot, I was pirating everything before I became involved with Bitcoin, now I only use my tablet for piracy, and that tablet never touches any other devices. As for Windows, the last time I was installing it I was seriously considering buying a license, but then I found a loophole for downloading Windows installation from Microsoft and activating it without cracking, and it works to this day without problem. I don't know if this loophole is still recent, I found it on reddit. |
|
|
|
True, it's a common investment wisdom that you need to have money to make money. The idea that you can in some sense "succeed" by having Bitcoin knowledge is just narrative that shitposters spread when they need to bump their post count and hopefully catch some merit points. Bitcoin requires just some basic knowledge to be used effectively, you need to know how to use it and how to not lose it. Earning Bitcoin is just like earning fiat - it's about working or running a business. And for many people it could be more efficient to just earn fiat and Bitcoin with it instead of trying to earn bitcoins. Not so long ago I created a thread with similar thoughts about Bitcoin knowledge, maybe it will be interesting to you https://bitcointalk.org/index.php?topic=5447332.msg62024706#msg62024706 |
|
|
|
|
You don't need to be a maximalist, you just need to use your brain a little and notice that in the past the bull runs were very fast but came after long periods of price decline or stagnation. If this pattern still holds, it just means that holders need to wait, especially for the halvening which traditionally heralded a new bull run.
|
|
|
|
Fait currency creates an environment where individuals fail to accumulate wealth and secure their financial prowess.Without the means to invest,acquire assets or start a good business,individuals are trapped in a cycle of poverty.Poverty that restricts good life,access to a quality healthCare,education and resources necessary for a personal development.Leading to a decline in overall wellbeing.
Fiat money system is not causing poverty, there are no people who get poor from having their savings eroded by inflation, poor people are those who have such low income that they never had any savings to begin with, they live from paycheck to paycheck and go into debt. Bitcoin is not a solution to poverty because it doesn't generate cash flow like some other assets. It just goes up and down from unpredictable speculative trading. When/if it will stabilize, it will be just a net zero against inflation, in theory. In the past people could get rich from holding Bitcoin because it was in rapid adoption phase. That phase will end at some point. |
|
|
|
|
The "news" about any legislator proposing a bill are generally not worth attention, especially if it's a loud and controversial piece of legislation. Because it takes only one person to propose and hundreds of members to actually pass it, and getting hundreds of people to agree on something is very hard.
|
|
|
|
|
Bitcoin isn't just the most decentralized, it's also the most secure, the most well-tested, it has the best development team and the most adoption. All the other coins can't compete with it, because they are just cashgrabs created for dumping premined supply on the market. It's stupid to even compare Bitcoin with other coins, that's how different they are.
|
|
|
|
Basically we could create "crypto token" for "average expected future tax payment" and give it the children to economize their own child support. Do you have another ideas?
Why would this need to be a crypto token? People just want to make tokens without answering this question first, because crypto tokens are cool and "the future". But there are no successful cases of tokenization. NFTs created a lot of hype, but their use case is just speculative trading, eventually it will disappear like all other hypes before it. Other tokenization attempts failed before event being able to create any hype at all. Tokenization is fundamentally a failed concept, because there's no way to link something in real world to something in blockchain. It usually involved third parties which is against they very idea of crypto. |
|
|
|
These are actually valid arguments. Bitcoin is man-made and like anything that was made by men, it may or may not fail. I know it is ultimately based on math but look at the latest Ordinals/NFT stuff happened... the network was already crowded enough and NFT's made it even worse. What makes you think that the next update won't break bitcoin for good? We can't know that. No matter how many hours you test the software before the launch, there is still a chance that you will find a bug later on...
Every new update makes bitcoin more complicated and more prone to the new attack vectors. Segwit was cool but now the btc network is starting to look like a total mess.
Gold on the other hand has been running the same software (which is physics) since day 0. Never had an update because it never needed any. I think that's a big achievement over crypto.
If God had made Bitcoin, he would have made it so perfect that it wouldn't need any updates in the future...
This is one of the concerns, but I'd say it's one of the lesser concerns. Because even perfect code with no flaws would still have fundamental problems and tradeoffs like scalability or the limiations of the Internet. Paper money didn't fully replace gold or make it less valuable, gold just went from being a currency to store of value. Simiarly, Bitcoin will not replace gold fully, it will just be used as an alternative store of value. |
|
|
|
Bitcoin is a non-credit currency ten times stronger than gold.
Why Bitcoin is 10 times stronger, why exactly 10 times and not 100 times, and in what sense it is stronger? Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin.
Bitcoin is not perfect, nothing is. In some ways gold is better than Bitcoin and will always be. Gold doesn't depend on software, on computer networks, on cryptography, gold can't be stolen by malware, gold will not be useless during blackout. |
|
|
|
|
Show Posts
