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781  Economy / Speculation / Re: Even Seasoned Analysts Can Get it Wrong on: October 07, 2023, 07:19:56 PM
Let this be a lesson to all those that likes depending on prediction, if the name is called prediction how can someone depend on that? Isn't that under probability? Now in crypto space most predictions are nonsense, they almost always fail because crypto market is full of unexpected events and surprises, not reliable.

Predictions can always be inaccurate as they don't always take into account of all possible variables that can affect the outcome, in crypto space, predictions can be influenced by bias, most are just peoples opinions and assumptions which can lead to inaccurate or unreliable predictions.

Some crypto predictions are even all planned out, to deceive the masses and make them go the wrong way, this is a game of money making and only the strong survive in the Wild West, always take predictions with a grain of salt.
782  Economy / Economics / Re: The Role of Education in Financial Literacy on: October 07, 2023, 06:04:08 PM
Financial literacy? Well, how about common sense? Degree owners in my country still fall victim to loan sharks and Ponzi schemes, why isn't their financial literacy sounding a red flag bell in their ears? That's why some old illiterates are way smarter than today's educated people, because it's not always about education, and most times it's just common sense.

I am not in support that education isn't playing a major role here but the majority of educated people are the ones who are blindly doing shits in my country, some things that uneducated people should be a victim of, it's a big shame.

There is a vital point why some world billionaires ditched education and degrees, and it's not that hard to understand why, so many things that don't make sense in school, shits that you aren't going to use in the real world, and also practical is way better than theory.
783  Bitcoin / Bitcoin Discussion / Re: Why Governments Ban Cryptocurrency {Bitcoin} on: October 07, 2023, 05:16:00 PM
So far, they are all losing, and if things keep going like this, governments around the world will have to become friendly with Bitcoin sooner or later, with the way things are looking right now, I think for the first time in history, Bitcoin will defeat them all, and bring them closer too.

They have no choice for real, if you can't beat you join them, this is what will happen in the end, if not why is ETF now a thing? Exactly, Bitcoin is the solution to the problem of many countries, they lack wisdom that's why they are still banning it, the few smart ones are going after Bitcoin as their rescuer now, so I am not surprised. 

So there you have it, the ban is happening because the government lacks the wisdom and only focuses on power, they are looking at the disadvantage and that's decentralization, they fail to look at the advantage side of Bitcoin, but it's only a matter of time.
784  Economy / Economics / Re: Women are more economical than men. on: October 07, 2023, 04:59:17 PM
Men are going through a lot, they always look like they aren't responsible because they most times carries the heaviest of burden on them, and responsibility strips them of their hard-earned money very fast compared to women, that's why women quickly collapse once they are left with the responsibility of a man maybe because they lost their husband or something happened between the partners that leads to divorce.

Both men and women are economical but you can't tell on men because of their spending nature, they have to do the spending to look responsible, women don't have to, they just have to do their part, and that makes them look like the most economical between the two.

Men are very smart when it comes to decision making, for a smart man it's all about the future, but for women it's mostly about the present, I am talking from experience, smart men thinks about tomorrow and they prepare themselves today, this is what makes them economical, they managed what they have right now even after all the responsibility so that they can have a better future, it's not easy to be a man.
785  Bitcoin / Bitcoin Discussion / Re: This is my plan. on: October 06, 2023, 03:10:53 PM
The money for daily spending should never be used for investment purposes, many people like making these mistakes and they will be looking for profits to take in a few weeks, moreover we are in a bear market, the downtrend is more certain in this period than uptrend, it's a time to buy and hold for the long term.

Investment is not easy but we have to do it because we want better ROI, the road is not as smooth as some are saying, a month ago I was able to DCA using a good amount of money but this month is different, I have other things that I must do with money, so my DCA in this month is going to be lower compare to last month.

Always have emergency money saved somewhere, and make sure you won't be going back into your portfolio to sell your asset to sustain yourself, it's a wrong investment strategy, make sure you invest money you won't need for a long period of time.
786  Bitcoin / Bitcoin Discussion / Re: Lessons of my experience and knowledge about Bitcoin on: October 06, 2023, 11:01:11 AM

I also invested a small amount in altcoins and realized that I was gambling rather than investing, there wasn't anything to learn in gambling. There is only win or lose and it depends entirely on luck.

You are not wrong in saying that people should try altcoins to see the superiority of bitcoin over shitcoins but many people have tried it and got addicted. Because they are blinded by advertisements about altcoins that can bring tons of profits, and until they lose everything, they suddenly wake up. So it's better not to try.

The gambler can’t inverse and spend some time for the analysis before the investment.If you are the gambler,don’t come to the trading.Because the trading is totally different one,gambling is easy to you.So you can easily use the gambling and earn the money from the winning of the gambling.The experienced people will look into the altcoin and the new people use to inverse in the bitcoin for most of the time.Because the investing in the altcoin need more knowledge as compared to the bitcoin investment.

What knowledge is needed to invest in altcoins without losses? Because as I said, it is no different from gambling and people rely on luck to win, so what knowledge do we need here? Like the death of Luna, which is one of the leading altcoins in the 2021 bull season, what knowledge do we need to avoid its demise?

I'm not saying that no one makes a profit from altcoins, there are still a few people who can make a profit from them but that number is very few and rare, just like in gambling there are very few winners.
I disagree, lack of knowledge is why people lose money in altcoins, I don't believe that altcoin is just like gambling, they are too different, I can bet on a alt project because of it's utility or team and that can net me good return of investment, what about gambling? You can only bet on getting lucky.

In 2020 there are many altcoins that did great and I knew they would at the time, because they are on my radar, no one needs to tell you that Vulcan Forged, Cartesi, Ferrum will do very well, they are new and have never seen a bull market yet, that's one thing about new altcoins, they might fail later but profit is your goal and you will be fine taking profits in a bull market, unless you hold through the bull market.

In 2020 Ferrum was under 0.005$ and it made it to 0.80$ or more, I had this token but not too many because I lacked good funds for investment at that time, this is one of the alts that people didn't even know much about, another one Hex, so many hates on this token because it's from someone people don't like, with few zeros, this alt killed all this zeros and many made life changing money, the problem is they aren't Bitcoin, so yes they might not survive later.

Altcoins aren't as bad as people say if you are trying to take profits during a bull market. I'll post my result on this forum in 2025, as I now have the ability to perform the second magic again. I've saved screenshots of some portfolios at today's value, let's see what happens.

Maybe this time I will finally be able to accept that all altcoins are trash and can't get you rich or make you better money than Bitcoin could.
787  Other / Off-topic / Re: If you are becoming a billionaire in 2025,buying a large ship should not be goal on: October 06, 2023, 09:50:48 AM
Can you practice what you preach? While growing up in the hood I've seen many people who were raised from poor backgrounds into big rich men, they all have the hope of helping the poor when they have no money and after they had it all they changed totally, I am not one of those people who ridicules the rich, been poor can blind you into thinking that the rich are devil or bad people, they are not.

A rich man won't tell you how many people he has helped, they are into contribution for motherless babies homes and charities, no one, especially the poor knows much about this, and yet they will still run their mouth.

I want to become a billionaire, and yes by 2025, but can I become a billionaire and no one will benefit from me? It's impossible, even while you are poor, some people are still asking from you and you are still helping them, even evil men have their good days, automatically everyone is somehow and someway helping others.

If I become a Billionaire, I will be able to help more people than when I wasn't a Billionaire, but it's not a crime to become a Billionaire, this makes me see poor people as the main threat to the rich and honestly, it's true, this is why some rich people stays away from those who aren't rich, because automatically they are a threat to you, I know many won't accept this as a fact, when you get rich, help people from afar, my uncle used to say this.
788  Bitcoin / Bitcoin Discussion / Re: Repayment Deadline Increased for the MT Gox Exchange’s Creditors on: October 06, 2023, 08:47:56 AM
The only place I've lost money with crypto and be able to get them back fully using a reimbursement strategy was in 2018 from a Bitcoin mining pool call Nicehash, they claimed they got hacked somehow and people lost money, I was shocked when they actually paid all the BTC back.

I already moved on and that could have been my third time of losing expensive assets in the crypto space, if I were one of these MT Gox victims I would have done the same, and moved on until they proved to be different by paying back when no one expected.

All these are lessons people need to be cautious about, stop keeping your assets in the hands of any centralized crypto exchanges, anything can happen to them at any given time, I think it's healthier to also diversify your crypto portfolio, if one face the same fate as MT. Gox the others might cover for your losses.
789  Bitcoin / Bitcoin Discussion / Re: If not for Bitcoin on: October 05, 2023, 02:17:54 PM
Yeah, who would have thought these companies will collapse? But I always have different ways of looking at these companies, maybe FTX have other intent of calling for bankruptcy if CZ hadn't spoiled the show for him?

All in the name of 'we went bankrupt, people can still use that as an advantage, anyway enough of the James bond sixth sense, I believe that these events must happen for crypto to collapse very hard, it's like a monopoly, this is just my own mind saying things, it doesn't mean they are facts.

Such events will always keep happening in the future, that's why decentralization is very scarce in this space, it's a big sign that everything centralized is highly manipulated, trust not any CEX with your Bitcoin, no company, banks, or government entities can keep your Bitcoin safe than your non-custodial wallet.
790  Bitcoin / Bitcoin Discussion / Re: Bitcoin is for everybody but we must accept it before it can be ours. on: October 05, 2023, 10:55:46 AM

Accept bitcoin before it can be yours. Grin
People can decide something for their selfs whether good or bad, first of all we all have rights to do what so ever we want to do as long as it does not harm the next-door neighbor but in my country the government has done what will harm the next door neighbor's.
On Bitcointalk I have seen topics that say Bitcoin is not for everyone maybe that thought is based on their own opinions, but I disagree with it, if I may ask who will see something good and reject it? Nobody, even if some people rejected it, it might be because of the laws from the higher authorities like the government or military.
Bitcoin is for everybody, but we all have to accept it before it can be ours so I conclude that we must first accept Bitcoin before we can have access to it and if you don't accept Bitcoin you can't invest in it.
When people say that Bitcoin is not for everybody, they aren't saying that Bitcoin was not created for humans, you are wrong, generally, bitcoin was built by the founder for every human use, but still not everyone will accept it because some people prefer to make a decision only if their government gives them the green light.

Bitcoin isn't really for everybody, some people, in fact, the majority of people in the world today want to get rich quickly, that's why Ponzi schemes are still a thing today, and people losing their money isn't making them stay away from Ponzi schemes, also it's on par with gambling too, the reason why many people gamble is because they can make money that can take them years to save in the bank from their jobs in a week or two.

Bitcoin and patience are in one package, anyone that lacks it doesn't belong on the same train, you need to DCA and hold for a long term, not everyone can do this, I remember when I introduced Bitcoin to some people, they started asking how long it will take them to double their money, that's the first red flag there, too many, investment is a cruel bitch but to the rich ( and that's why they are rich) investment is the way.
791  Bitcoin / Bitcoin Discussion / Re: I choose Bitcoin on: October 05, 2023, 09:48:29 AM
For me, I believe it depends on the individual, to safe myself from stress I am picky on people I choose to advice to invest in Bitcoin, because there are some people that will never see Bitcoin as a good place to store or invest their money, till today some people still believe that Bitcoin is the biggest scam in the history of mankind, and because it's surviving now doesn't mean it won't turn into scam, this is what few educated idiots are telling me face to face, so I am not going to help those that don't need help, even heaven help those who help themselves. 

Do you want to learn something as cool as Bitcoin? Yes, it's possible, but actions speak louder than voice, if all you are good at is making noises with your mouth you won't change anything, be someone of interest in Bitcoin before I can spend my precious time on you, honestly today people don't need to be reached anything, just get on the internet and do some research on your own, no one was born with the ability of knowledge, we all came into the world and start leaning something.
792  Bitcoin / Bitcoin Discussion / Re: Invest only in Bitcoin and never invest in shitcoin on: October 05, 2023, 08:40:33 AM
If you ask anyone why you buy altcoin, you will find that the main reason is financial reasons, either because of staking or because of investment, but the motives for using Bitcoin may be much deeper than that not noly investment but exchange to fiat money, or due to the decentralization of the network, or as long-term savings.

In most altcoins, you find that development takes place at the beginning and then the project turns dead because the developers and primary investors have reaped profits. Therefore, you rarely find projects that have continuous development, unlike Bitcoin, in which almost every year there is either an improvement in scalability or an improvement in privacy.
You do have a point, I buy altcoins to enrich myself in the next bull market, because altcoins has the ability to make me more money than Bitcoin and I buy Bitcoin also to make some money and I am int Bitcoin for storing my funds, safer from inflation and with the package of decentralization I can't go wrong with Bitcoin ever, still altcoins are on my radar, those 100x to 1000x are still real and they always happen, that isn't coming from Bitcoin ever again.

You are wrong when you said that people invest in altcoins because of financial reasons, even whales and VCs are into altcoin investments as well, this is where the real money can be made, with $100 in a good altcoin you can make thousands of dollars, try that with Bitcoin and see what happens, Bitcoin is safer and still profitable on the long run and altcoins are more risky but also have higher ROI potential.

The problem people have with altcoins is putting their eggs in one basket, that's best with Bitcoin but not altcoins, because alts carries the biggest risks of all, they can pump now and dump forever, but the risk to reward ratio is just worthy for me, diversification with minimal amount of money in altcoins will win you a lot of money.
793  Bitcoin / Bitcoin Discussion / Re: Invest in bitcoin and forget the investment on: October 04, 2023, 04:50:47 PM
You really can't forget that you invested in Bitcoin, even if you just turn into a long-term holder you are already buying at an expensive value, you can only buy and look away if you invest money that you won't mind looking back at, but even $1000 won't turn you into a Bitcoin millionaire tomorrow, so to become a millionaire with Bitcoin you need to invest a lot of money too.

There are going to be some good times for taking profits, make sure you are at least tracking Bitcoin value, because you can miss the best time to sell if you are not watchful, you can definitely decide to buy and forget but you will have more Bitcoin when you sell at the top and you can also use that to buy more Bitcoin when the value dump again which I believe it will.

There is one thing that I like about Bitcoin, even if there are forks in the future, your 1 BTC stays 1BTC and you can layer claim forks later ( like bitcoin cash ) and you will end up with 1 Bitcoin on each chain. Holding long-term without looking back is good and safe if you can keep your private keys, there are no worries about the coin turning to nothing in the future like most altcoins used to.

794  Economy / Speculation / Re: Bitcoin - what are we expecting for the rest of 2023? on: October 04, 2023, 03:04:03 PM
I prefer bitcoin to keep falling rather than rising because this is a war, falling prices will make many people give up and dump their bitcoins, and it's also a golden time for us to accumulate cheap bitcoins. It may sound harsh or too cruel, but we should not deny that this is a market with winners and losers. And if we want to win, we need to let others lose.
Regarding the price prediction for this year, I still believe that history will repeat itself, there will be a serious dumping before the halving takes place.
I don't think this will happen, it's normal to take profits if Bitcoin reaches 40k later this year and if holders starts to sell it means they are not real holders, they are still the same set of people that need to be flushed out of crypto space.

Right now Bitcoin looks oversold to me, maybe my chart reading is wrong but this is what I am seeing, nothing great is going to happen after the halving, so there is still time, Bitcoin can reach 30 to 40k this year and still retrace in 1st quarter of 2024, but do not expect any lower price.

Many people will end up with dollars they can't use to buy Bitcoin because their expectation is 10k per Bitcoin, they will end up rushing back into the market when the price starts surging already.
795  Bitcoin / Bitcoin Discussion / Re: Don't wait for the bottom without buying in the Dip. on: October 04, 2023, 01:04:45 PM
Because it has happened in the past, people are waiting for a big dump before they start investing, they don't know that adoption gets better in time, 15k may be the bottom for Bitcoin and even if there will be a dump the lowest possible is Bitcoin retesting 15k, I am not going to accept that history will repeat itself, but it's not wrong to be prepared.

Everyone is free to play the waiting game but not me, there is a very big chance that lower range maybe back to $10,000 is impossible, but yes it's a good strategy to make people believe that the market will dump very hard because the same thing happened in 2020.

If anyone is listening, it's better to get prepared for any possibility, this is how you won't miss any opportunity with crypto, I am done and tired of trying to see the future, prediction isn't cutting it for me, because no one knows what will happen tomorrow and I am not ready to lose a big opportunity.
796  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the ultimate shitcoin for having a useless mining algorithm. on: October 04, 2023, 10:20:28 AM
Scientific mining algorithm got me rolling on the ground, are you Satoshi's cousin?  Do you and Satoshi have some discussion to turn bitcoin into a scientific mining before? And he rejected your offer?

You don't even understand what Bitcoin is all about or why it's created, you need to do some research on the proof of work algorithm, to hell with scientific.

Bitcoin was created decentralized and also as a transparent payment solution, what the hell is science have to do with Bitcoin? Ok accepted that Bitcoin is shitcoin, why are you on here then? It's Bitcointalk forum for Christ sake, why the guy to open a profile on here?

I choose decentralization over science bruh,  that's why I am loving what Bitcoin is offering, sciences? If that's the case with Bitcoin I doubt we will get to where we are today.

So OP, tell me the name of your precious little shitcoin that you believe to be better than Bitcoin, people like you always do, that's what motives people like you to talk trash about Bitcoin, I am waiting for your reply.
797  Economy / Economics / Re: Ideas without action: An overview of a successful entrepreneur and a dreamer. on: October 03, 2023, 08:09:56 PM
There is one thing I know for sure, you won't have a result if you don't try, some people already fail before they try, and some get motivated based on what others around them are doing, and once they see such people failed, they will lose their motivation too.

Leave failure for later, try and see what will happen, just because A failed to achieve something doesn't mean B will end up with the same result, we have mistakes because of progress, if you are too afraid of making mistakes you will never improve in life.

Everything you said is true OP, the only thing standing between failure and success is hope, when everything turn to impossible, that little hope that's left in you can open a door for you.

After all this is said and done, let's not forget that happiness is the key, do not be too carried away by what you want to achieve, you can still feel empty after getting it all, so do not forget to live your lives to the fullest, be happy and spend time with your love ones, time is running out.
798  Bitcoin / Bitcoin Discussion / Re: Satoshi's first tweet since 2018? on: October 03, 2023, 07:05:47 PM
Believe me, everyone is trying to fake proof to the world that they are the real Satoshi, like there is a trophy they would win if they can be able to confuse the world.

The funny thing is how easy it is to proof to the world that they are Satoshi, they just need to do some signing with one of Satoshis address, easy.

But till today, no one has been able to do it, meaning that everyone coming out trying to steal Satoshis identity are fake people.

Also, I can't forget how anonymity is very important to this man, it's a part why Bitcoin is progressing, if not, they may have to terminate him or get him arrested and bend him to their knees, and maybe Bitcoin will slowly turn into centralized digital currency because of it.

So to Satoshi, Anonymity is very important for him.
799  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin devs really needs to focus more on making user interface easy to use on: October 03, 2023, 05:12:52 PM
Your topic made mention of Bitcoin but your opinion has nothing to do with Bitcoin, you simply talk only about metamask and some altcojns, so this topic doesn't belong in Bitcoin Discussion, move to altcoin discussion please.

As for what you are saying, I understand perfectly, my question is how many wallets have you use? There are some interface to love and some to hate, starting from Electrum wallet and the likes of Trust wallet, install them and choose which one comes with interface of your taste.

I care less about interface and more into security of the wallet, I will use the most ugly looking interface over shinny once if it has the good security, and if it's full open source, good luck with what you looking for, but mind you, the shining interface doesn't mean a crypto wallet is the best.
800  Economy / Economics / Re: Do we truly need cbdc when bitcoin already exist? on: October 03, 2023, 04:31:19 PM
People don't need CBDC but the government need to make one, so there for, some people will have to use CBDC because they like using everything the government tell them to, I as a person don't need CBDC, the agenda behind this CBDC is still unknown to me, maybe to ridicule crypto? I don't know, even if that's the reason, it doesn't look like it's working, especially on Bitcoin.

Now even the government want to take the power by force, that's why ETFs need to be approved, I believe more truth will come to light as we go down this rabbit hole, it's a matter of choice if anyone want to use CBDC, I mean, very few people cares about privacy this days, most people trust their government more than their own lives.

I will choose Bitcoin and few other alts over CBDC any time, that includes Litecoin and Monero, the government has been beaten by this digital currencies already, they are mad that these nobody currencies turn up to be peoples favorite today, Bitcoin is unstoppable.
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