Bitcoin is not mandatory for everyone, those who have interest in using Bitcoin will use it and those who have no interest need not use Bitcoin. It's a personal matter. I think people who know about bitcoin and what are its benefits and how to use it are mainly interested in using bitcoin. People who do not know about the benefits of Bitcoin and how to use it will not accept Bitcoin. Since there are many financial systems in the world, everyone's preferences can be different. I have many friends who know nothing about what bitcoin is and how bitcoin works even though I told them but they had no interest so I let them go.
There are still people even they know the benefits on it but still not using it , right now everything is accesable online and Ive noticed before when the ATH hits where it got trending on social media a lot of people are interested on it and at the same time they learn it but again they still not used it , others may say that they dont have money and others just dont want to invest on it. Right now, we can see Bitcoin as an investment; that is why we are here and want to gain profit. We should leave those people who don't want to use Bitcoin, as we are just wasting our time. It could be the people don't want to risk on something that few people use, it's like the influence in the environment if few people are using Bitcoin in their everyday life then most likely they wouldn't be using Bitcoin as well. Its like the hassle for them to use something that everyone doesn't use. Plus despite that anyone could just learn everything online, some people doesn't have the time to study Bitcoin. Like whole day they are just working their ass off and once they got home they would do the housework as well. But the main reason I could think of is that people wouldn't want to take the risk of putting their funds into investment such as Bitcoin, they might have funds or none they would just don't want to risk onto something they think complicated. Well, it's like an investment too for yourself when you study Bitcoin as I said some people doesn't have the time. |
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most people, of course, want to get quick profits from investing in btc, and want big profits, but I don't think there's anything wrong if people want to get rich quick from btc and get big profits, because most human nature is like that, and I myself also want get rich quick from investing in btc and want to get big profits. and in my opinion it's not wrong as long as the condition is that as a btc investor we have to accept the fact that the btc price is hard to rise or we only get a small amount of profit, or get a loss.
It's human nature to be greedy, so we don't need to get upset with others because when we were newbies, we used to have such thoughts. it would be a lie if someone said that they have invested in bitcoin but they don't want to get bigger and faster returns. Bitcoin is considered risky but has the potential to provide faster and larger returns than other assets like gold or real estate. That's why we take risks to invest in bitcoin with the desire to change lives faster, so don't try to lie that we don't want high and fast returns. None of us is without greed and envy. It is really indeed the human nature to have a greedy side, maybe as a newbie it could be okay as they doesn't have experience yet why you shouldn't rush investing at Bitcoin because it would not give you a huge profit in just a week. Because for newbies, they don't have the experience yet of losing a huge assets cause knowledge itself won't do good even you know some thing in Bitcoin but without experience you will have difficulty in implementing those knowledge. I believe that knowledge should be partnered with experience, because you can find what suits for yourself like techniques and skill when you already do the thing. Everyone loves to get easy money quickly as possible, but if you are practical and realistic for sure you know that is impossible to happened. Maybe there's a thought that high risk, high reward but for me it's just a greedy act to rush things and risk everything because after all, Bitcoin is still volatile so you won't predict the outcome. |
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Di ko nga na nga malaman kung saan ko na lagay yung email address ko kung sino sino nag eemail like advertisement, work daw pero halatang scam at mga giveaways na peke. Unang pumasok sa isip ko dito nung pandemic eh, kasi bago ka pumasok sa mga mall or botika may sasagutan ka na papel para incase na nag positive ka malalaman nila san ka mapupuntahan and included ang email don, syempre as a mabuting mamayanan sinusunod ko yon at nilalagay ko. Ewan ko pag dating ng mga ilang buwan or taon punong puno na gdrive ko kaya gumawa na kong bago. Kahit na ioff ko sa settings yung di makatanggap ng message sa anonymous wala pa rin kasi pano kung may mag email man about sa work or important diba tas di ko maaccept? Kaya gawa nalang bago lala rin kasi ng mga tao lahat papatusin kahit siguro bata peperahan eh.
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The risk here is assessed by acceptance, demand, and popularity, as well as market capitalization. A market of tens of trillions of dollars and a market of only a few hundred billion dollars? Which one do you think is safer?
Bitcoin is a new and attention-grabbing trend, politicians use it to get their own attention, it's an intelligent strategy. But it would be foolish to believe what they say just because they want our vote.
Nobody tells you to buy bitcoin with all the money you have, diversification is something that can help you avoid a lot of trouble. Divide your money into several parts according to the risks that each of the investments contains and invest in several different directions. If something happens to one of them, then you will have others and will make a profit. Couldn't have said it any better. This is what I do with my own finance. I divide everything according to the risk and how much possible profit I will get based on their own timeline. This way I know I will be able to still have money even if one investment doesn't work. This is a good planning and financing strategy. You just have to be smart in knowing and assessing which investment should you prioritize and which one you should avoid. I thought that was a normal thing to do for you to save more money and also at investing. I always do the 50 30 20 where I applied it in investing so when I invest in the main thing I want to invest which is Bitcoin probably it would be the 50% and the rest are some other investment such as altcoins. Having an alternative investment is a must so you have other choices for you to have a backup money incase. And don't invest all your money or funds in one basket because once you lose it, then there's no refund. You could start small which you can be consistent rather than risking it all in one go. |
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Actually it depends on your budget and your time, some people would invest in business since they already have enough savings to start a business so they can retire and focus on their business. If you are already retiring having a business is good because you can focus on the business like taking care of the papers, equipment, plans and many more. If you can't afford to do than you can actually do start franchising of course it's expensive but all you need to do is to pay up as they take care of the plan, hiring people and equipment. For me franchising is more risky, why? Because despite there's a contract if you can see that the business are not even profitable in just months then you would lose money. Unlike in your own business where you can control anything like innovation and trying new things unlike the franchised one.
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To the family, I am sure that having a lot of children is going to be a problem especially if they all started schooling which can be pretty expensive even if you all enroll those kids in public schools, don't forget that with more mouths to feed then the less likely that you will be able to set aside some money for savings. If in terms of economy, I think it's only a problem for short-term since they are going to be an addition to the workforce of the country, with more people means that more labor force that is if we set aside the issue of brain drain for the sake of this hypothetical stuff.
Actually good point, because if the family can't manage to support their children's education most likely they would go to public schools which is supported by government which is normal because it's their citizen's taxes to use as fund. But imagine this case if one family had like 5 children and they can't manage to support them so those 6 slots are already taken so for those other family they can't enroll their child into public schools due to limited slot only. I think this could be the fault of the both, which is the government and the parents. Maybe if there's no corrupted government there wouldn't be a problem in slots in any public schools while for the parents, they lack family planning that causes them to have problems in their financial. Just imagine of supporting a child starting from as a toddler their needs until they grow up. |
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Many people lack basic knowledge of bitcoins.
I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?
But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.
From your story OP, that's sad to hear about your friend's loss. It seems both of you are not knowledgeable yet in Bitcoin. But before acting up mad at something that your father left behind you, why not search the purpose first right? Like how Bitcoin works what's its purpose something liek that, we are already in the era of the internet where everything can be searched up. Because if I were your friend, of course I would be curious on something my dad left for me so I would gather some knowledge for sure it would take long because Bitcoin is not something you would learn by just a week. It's a complicated system where you really need to be familiarize on it. If he decided to hodl it for a long time or sell it already then it's up to him since his father already left the authority to his son. |
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You are talking about decentralization and centralization and which should we choose? But how once bitcoin becomes centralized, can it increase in price 30x or 1000x? That doesn't sound unreasonable since the government will control its price and won't let the price rise like that if bitcoin becomes centralized. Looking at how the government controls and manages fiat, it will depreciate over time, not increase over time.
In contrast, bitcoin is not controlled by the government, its price is completely dependent on supply and demand, then the possibility of a price increase will be higher, like what is happening now. So your hypothesis won't happen.
Indeed, it's decentralized nature what makes Bitcoin more valuable since the government couldn't even control it or put a tax in any transactions. Just imagine how fiat money works today then most likely that would also be the case of Bitcoin but wouldn't increase over time and in the end would settle in a stable price. It's volatility makes Bitcoin good as it changes it's value time to time, many people taking advantage of this situation by just simply buy the bear and sell at the bull. And you could also make an anonymously transaction in Bitcoin so if it's centralized maybe it would be good for them to trace any illegal transactions as they have the data of the user. And also I think government would take a lot of time figuring how to handle Bitcoin with unstable price. |
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Kung mahilig ka magpalit or magupgrade ng disk drive mo, iwasan mong itapon nalang or ibigay sa iba or magbenta ng drive na ginamit mo na,
ito ay dahil maari itong marecover , ng taong pinagbigyan mo, gamit ang ibat ibang uri ng recovery software, kaya importanting burahin mo din ito gamit ang software din, isa din ito sa dahilan kung bakit ang iba ay binabaklas ang mga hard drive bago e-dispose.
Pero ang isang suggestion ko sa inyo lalo na sa mga iba na mahilig mamigay ng pinaglumaan iwasan nyo nalang itong ipamigay, dahil hindi natin alam ang isip ng iba baka mamaya, since alam nya nasa crypto ka, subukan nyang erecover ang mga files at may makuha siyang importanting data duon.
bakit ko ito sinasabi at pinapaalala, dahil isang pagkakataon lang at meron tayong inilagay na seed duon at iyon ang may laman, wala na tapos na agad ang boxing.
Ito naman ay suggestion ko lang, pero isa din itong babala dahil di natin alam ang maaring mangyare, dahil nga sa nagiimprove ang technolohiya nagkakaroon din ng paraan na marecover and mga nasa drive kahit ito pa ay binura mo na, although ang alam ko pwede mo din itong eencrypt, pero meron nading pangdecrypt ng files sa pagkakaalam ko.
sana makatulong ito sa iba na hindi pa aware.
Uy grabe ang informative neto OP, kasi kaibigan ko tsaka ako mahilig magbenta or pamigay yung mga drive kasi nga nag upgrade eh so matatambak nalang yun. Akala ko once na maclear mo mga laman nung drive eh safe na yon ready to benta na. Pero ang lala pala ng mga tao kung mag recover pa sila ng mga drive kasi nakakatakot naman pano yung mga private na nakastore don eh gamitin nila pang blackmail or pang scam sa ibang tao. Kung ganon siguro nga mas oks na itago nalang or tabi para ibigay sa mga kapatid ko para di naman masayang. Pero kung pruo tambak nalang sa bahay mga drive siguro sirain nalang bago itapon or recycle para safe no? |
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However, if these children were born from a well off family and for sure they will get good education, then they can be assets to the country especially in promoting growth and prosperity of a country’s economy.
This is not in every situation. There have been children from average or poor homes who have done well in their endeavors, it depends on the support and help that the government give to her citizens. Like some government give scholarships to students that covers their education to whatever level they choose to and that makes the student freely choose a discipline of their choice and they do well to contribute to the government of their country. This is especially if the scholarship is for the less privileged in the society. Exactly, it depends on the government support for anyone who's planning to start a family, imagine in other countries when you are having a baby they will give you incentives that the government would pay for all your expenses in your healthcare. Isn't nice? The tax that you are paying as citizen is coming back right at you as a positive. Where most of the country couldn't even feel the support of any of their government not only in planning a family but also in any other issues. Second is the family support of course as a parent you are responsible for having a child as you provide all of their needs. You don't only need to rely on the support of the government but also having a stable financial status. So in short, such scholarship could be a bonus to them if the parents are responsible. |
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It's the scammers who are tarnishing the image of cryptocurrency by using it to scam people, and those people who got scammed got to take the blame for anything so that they can vent their anger out because of their own mistake.
Even though there's still a lot of FUDs in cryptocurrency because of different news, just don't mind it, because we all know that cryptocurrency is not a scam, even meme coin, since it's has a price. Not because you didn't make a profit out of a meme coin because it rug pulled doesn't mean it's a scam.
Indeed, because everyone could make a sht coins whatever they it only depends on people if they would buy it so there's no literally problem about issues maybe to the people that using it to scam right. Due to people are hyping some new coins like doge coin promoted by famous Elon Musk, some would literally take this as advantage to scam people by just simply sending link or hacking people's wallet. Many people already flipped a lot of assets on meme coins so there's no actually bad deal here. But I remember the case of squid game coin when it's trend, many people bought it as a hype then "boom" rugpulled. Maybe doing some research on the background of the coin itself to avoid this kind of scenario because money is money. You might learn from your mistake buy money is money. |
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Here in the Philippines, gambling is already part of the culture which what we call "perya" which is open to everyone even kids could gambling their properties as long as they are guided by some guardian. Of course what do you expect from that they are not registered and you are not secured if there's a case you won a huge amount of money they could just simply run away. Unlike to gambling to a registered casino or bingo which is required for you to have 18+ age for you to enter because that is qualify for you to be considered as an adult you are responsible for your actions. If you have seen kids in such gambling place or site most likely it could lead to a worse situation as you stake your money plus if you are not matured enough to handle your emotion then most likely you will be banned into any gambling place or sites.
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When the pandemic hit, working online has really helped and saved a lot of people from economic hardship during the pandemic. But I wonder, how did people monetize bitcoin and crypto to get through that phase? Are you talking about trading? Because holding takes a long time to be profitable. Moreover, making profits with day trading is not easy, so I wonder how bitcoin has saved people. Apart from those who believed and bought bitcoin during the 2018 bear season, newbies to the market have been unable to profit from bitcoin during the pandemic. If investing in bitcoin is so easy to make a profit, why is everyone struggling with a recession?
Due pandemic, many people helped trough online working actually with trading in bitcoin or altcoin, its not beneficial yet when talking about people bought bitcoin during 2018 and earn much profit right now after pump drastically. Need to change every one mindset although bitcoin have been up still profitable for investing right now. I don't think with easily earn profit when investing in bitcoin, wrong moment make us loss investment when bitcoin price dropping and loss chance to earn much profit. Its right bitcoin is worth investment but need to know right time have to buy and sell bitcoin not take points about buy only but have research when moment for investing. Bitcoin is not a get rich quick vehicle, we cannot invest in bitcoin and hope it will make us rich within a week or a month. Indeed, making a profit from bitcoin is not easy and takes a process, so I wonder how bitcoin has helped people survive and make money during the pandemic. As for trading, I think it's much harder than investing and not too many people make money from day trading. And if it's so easy to monetize bitcoin, why are people whining that they have trouble with inflation? Why don't they do it with bitcoin again to save themselves from this crisis? It's not that easy to earn in Bitcoin especially from it's volatility nature but in a long run investment it would be really good to invest as you hodl more Bitcoin where you can profit huge because in many years it would be much more it's worth than it current value. Not only in investing in crypto or Bitcoin that would take your time, but investign with yourself with knowledge first that's why when pandemic hits due to some people are mandatory to stay at home, almost everyone are using gadgets onine to pass time and gather information for news. Knowing Bitcoin is actually good if you are really want to learn Bitcoin before investing, because if you are a smart person you wouldn't think that an easy money doesn't have any risk right? So far I've seen a lot of people who really earned from Bitcoin but it took a lot years since it's not that easy, some have already build their houses renovated it. Bought their dream car and motorcycle. So in short, Bitcoin already helped a lot of people here in my country but for sure not all of them are lucky enough to experience that. Just lost a few assets they wouldn't risk again. |
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If AI gives 100% success results then definitely all will prefer using AI for the trades. But we know this isn’t possible. So yes self-trading is appropriate for making less loss and good profits. AI could be helpful for gathering information about the coins and the market but completely auto trading using AI is not recommended. I mean who wants to rely on AI when it comes about money? If due to the ETA, your money went into loss, you can’t make anyone liable for this. So yes currently at this stage, self-trading is good.
That is true with AI but then the success ratio of an AI is higher than that of self-trading but then also we have to consider some other factors such as the profits sharing because most of the exchanges that offer AI trading charges exorbitant percentage and the trader doesn't hold the profits in 100% since some percentages go to the AI developers and also to your upline, this system can't work but the profits merging is good enough for a trader to consider it. For some reason, I preferred to keep myself on live trading rather than watching an AI do it as I don't consider myself a loser. It is maybe because I can handle managing myself and am able to control my emotion. But it was not just like that because I wanted to learn more and engaging more on the market will help a lot of us. Now, if we think that AI is more capable than us, then I believe these developers will focus on trading rather than selling it to the community knowing that this technology could make them rich. But they don't because no matter what we use, losses is still possible. No, there's no loser if you are more comfortable in that method. Because why would you stake your money then rely on AI that there's still a chance of unsuccess result. I think it's still better to use your brain and emotion especially if you can handle it or control it, Why? If you would rely on AI sharing some profits, you wouldn't learn from your experiences. It's just a win-win situation for you as long as you know how to manage your assets. If you profit on your own using your skills and techniques well that's good which means it's actually working. But if you lose you could learn from your past mistakes and use it as your personally growth. Like your first losses your emotions of course worsen that might impacted your next trading but for sure you've managed to control it. |
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It all started by just surfing the web, at first I thought Bitcoin actually doesn't have a potential as it grow it's value I got hooked then studied it for years already. But mostly I adapt it by just playing some games where you can earn coins that can be converted into fiat money. It's been a long time I haven't remember the name of the game but it helped me to have an extra financial income. By that knowing that you can actually earn money and it's benefits since you can control your time since it's decentralized it's up to its users whenever they do an action for them to know their fate in crypto.
Why jump into crypto? Of course due to inflation and economic status in my country. Imagine working for a long period of time that exhaust yourself draining you mentally and physically just to receive a bare minimum wage salary? Nah thanks I rather invest myself with knowledge in crypto and find more opportunity here. I'm not being biased but it's the truth that it's much better here than investign all your time working like a loop working for a salary that enough to survive for a week.
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I also understand the thread of buying buying their first bitcoin is getting boring and maybe irritating to you but this isn't the best way to caution a newbie trying to get people share in his joy.
Yes you are right @Obari, indeed sometimes it seems boring for some people because some of these people often see threads similar to this, but threads like this about owning Bitcoin can be very proud and joyous moments for OP and sometimes threads like this can motivate newbies those who just joined can immediately buy and invest in Bitcoin like OP did. Everyone is free to convey something as long as it is still in accordance with the discussion board, for those who don't like threads made by someone because the topic of the thread is often seen by them, they shouldn't need to discourage the thread maker especially if the thread maker is a beginner, they should be those who don't like it they can just skip the thread or they can congratulate and provide suggestions for the future so that beginners can develop better in making discussions. However, everyone has their own way of expressing opinions and I respect these various ways as long as they don't contain racist elements. I'm glad you also fall in my circle of opinion but don't mention exchanges while talking about storing coins. I wish alot of people especially highly ranked accounts will be considerate with this newbies and also understand that there are alot of people who get joy on little things which includes owning coins. On the other hand, the newbies shouldn't take my defense to back up posting rubbish and spamming the board and I understand that everyone wants to grow in the forum and be reputable but it we all also have to understand that we have to patience and follow due protocol. I don't know isn't high rank should welcome newbies? If they feel sharing their stories since in the forum they have freedom to post or open a thread as long as it has proper information. Everyone here has a freedom to talk about their Bitcoin experience as they give information for their readers to read, no need to differ the readers by their ranks if you don't like the threads then don't read it. But if it's obvious newbies posting random shts just to gain activity here just don't interact with them. For all newbies out there you can actually grow here without the feeling of grinding as you can learn new information everyday by just exploring here or just simply ask informative questions. |
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To be honest, I would like to invest in these kind of housing where I could use them as rental to have passive income. Of course I would put some money where I risk it all because what if there's no people would rent it right? For sure I would rental it with a affordable price. But how come I could buy a some houses if there's lacking right? I think here in the PH, there's a lot of newly subdivision that are open for everyone to buy. It might not be applicable for some countries but I think the main reason for lack of housing is people would buy some commercial space just for short income. Because here I have seen a lot of houses have been demolished and rebuild into some newly mall of course in the mean time as commercial space adapt more then there would be no space fo housing.
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I hope school keeps me busy enough to not think about bitcoin so i can HODL longer haha. Good luck to everyone and continue to HODL !! it will be worth it  I know this is just your joke, but don't be too subjective because everything in the future is unpredictable. always improve your knowledge of bitcoin and the market so you don't fall behind, and the more knowledge you have, the better you understand bitcoin thereby helping you to be more confident in your investment. I admire you as a student being able to hold the amount of bitcoin that many people are dreaming of. i don't know if bitcoin can make you richer, but it will make your life more worthwhile. But imagine OP as a student owning BTC at early age would be a advantage for him. So whenever how many years would it take if he decided to hodl Bitcoin as if it doesn't exist for him then good for him because whatever the market would be for sure it would reach high amount than this year. By that time as he hodl Bitcoin he could also invest at his knowledge since he's too busy enough at school where he could also add Bitcoin subject for him to learn. We learn everyday even people who started early are still learning today. Maybe if OP studying in PH, I think it would be hard for him to keep up as the educational system here is too hard. Imagine your class starts at 8AM then ends at 6PM you can't even do any extra curricular activities by that time. |
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The question is, is it bad to borrow? If you know for yourself that you are responsible for borrowing and paying, I see nothing wrong. Now, like the title said, is it really bad for you to buy bitcoin from debt?
If there were people who were doing that, I would have been one, because I couldn't buy bitcoin for 250$ in one shot I just borrowed and I just held the bitcoin in my wallet, but I did that because I had a lot expenses to do. And even so I did that I paid off my debt before my due date. And now the bitcoin that I owed the purchase that I was paid. This means that borrowing money is not bad, ...it only gets bad when you don't pay off your debt.
You have a point. It's not wrong to borrow if you can repay the money regardless of the result of your investment to Bitcoin. That means you're not relying on your profit from the investment to be able to pay the borrowed money. Now, if that's the case I don't see any problem. However, for people who take a risk of borrowing just to invest (in general). Believing they can gain if they did that and will rely the repayment money on the income of their investment, then that's different. It's like gambling since you're not certain what might be the outcome. We always advice, just invest what you can afford to lose, it's very clear. Use your own money since investing is risky, if you'll borrow to invest, make sure that you can repay your loan because that's your responsibility. I agree. Investing or not you need to ensure that you are doing your end of the loan agreement. It is your responsibility to pay what you borrowed no matter how good or bad your financial standing is. Hence, it is true and I have always agreed that we should only invest what you can afford to lose as an investment can go anywhere at anytime. It's the conscience and guilt itself for borrowing money that you couldn't even pay in time. If you don't have the money to invest in Bitcoin why bother using a loan in a risky situation right? Even using your spare money can be stressful already imagine when it comes to loan right? Don't ever risk money that you can't afford to lose especially you just borrowed it. It will just worsen your situation of course there are some cases that they actually succeed profited from their loan, but that is just risky as hell that could destroy your financial status. Spare money would work like for example in your extra part time job income then you could invest it since you have the money to provide your needs plus extra money for investment.
It will be hard for you to borrow money and then invest it with the hopes that you'll get more than what you invested so you can pay your loan. You are not only making a big problem for yourself but to the person/system you have loaned from.
In my country in Philippines when you're gonna borrow money, normally they would interview you and ask for your occupation they would check if you can meet up the requirements to apply for a loan like your salary are applicable in borrowing money. So if you couldn't pay in time or you intentionally didn't pay, they would just contact your company or agency so they could just deduct the debt to your salary plus the negative credit score that could cause you to get banned in taking a long for another time. Person/system are also smart in this loans so the people who borrowed would be get affected from this. |
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