I wants to share one of my stories where some people try to scam my Discord server. At first, i need to give a quick intro about my work. I am a full time community manager in discord and i am working with a project where i am the head moderator. Now lets get to the main story.
There were some members who were actively making posts on our discord server about hiring moderators in some kind of NFT-related discord server. At first, i thought it was just a spam message and start ignoring it. After few days one guy messaged my inbox by saying he is very impressed with my work managing discord server so now he wants to hire me into their discord server as a community moderator. For being a professional discord community moderator i show interest and start asking about his project. In the meanwhile, he invite in into a group he created where his so called boss wants to talk with me. After doing some general conversation he said he is interested and wants to take an interview of me before making any job contract. So we start talking through voice call and he asked me some basic moderation related questions.
It was just like a professional job interview and there was no way to be vigilant till this points. After the interview, he offered me a handsome amount of money that i can not reject so i accepted his offer. He sent a url and told me i need to fill up this form right now with my details before we can make the contract. That URL looks pretty normal to me so i clicked it and start filling the form. But when i tried to click submit button it written there is a problem with the submit button so drag the url of the submit button to your browser's bookmark bar to submit the form. When i drag that button i have noticed there is a script written in there. In the meanwhile, i was still connected with that guy in voice call and he was constantly pushing me to do the work fast. I disconnected from that call and delete cookies from my browser. After some investigation, i found out that there was a javascript written in there which will give that scammer access to my browser and my discord account. Furthermore i found out they are a group of people who hack Moderators account into a discord server and post fake airdrop promotion to scam people.
Crypto space fast-paced technological innovation to bring simplicity and add more security to human life. So scammers are also finding new ways to scam people. Do not fall for the same kind of trap if you are a moderator in any crypto project. You might lose your server and job as well.
I can't think how they are going to access your discount account or your browser that easily, I mean there are some cases where they think that if you click something like a link you're automatically get hacked by the hacker and them already going to have access to your account. I don't really think it is going to be that easy to access an account or computer, for sure if that is how is easy it is probably half of the accounts are already hacked, I mean this website cost millions or billions of dollars it can't be that easy. One of the most common things that I see is they are going to be predicted to a fake website that is similar to the website you visiting then you're going to think that you are on the login page, and the moment you put your details there the hacker already has access on your account. There's nothing we can do about this because for sure hackers and scammers are always going to make new ways how to scam people what we can do is adjust and be aware of that things and always be updated for example here in the forum we could learn a lot of how the scammers do their things. |
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I'm so passionate on bitcoin since I made research of bitcoin I have being excited in bitcoin and I'm not regretting that I invested in bitcoin with my second saves, its good to read articles containing bitcoin information before deciding to buy bitcoin I have read and I have regret, myself I assured myself that I have not make a mistake by investing in bitcoin, because bitcoin now is what that helps so many arms of people to escape inflation rates in their countries, everywhere you go its all about investment information you will obtain of bitcoin.
Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin, and when you think of sending money to people outside the country first thing that will come to your mind is to use Bitcoin. My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.
If i have another financial opportunity I will wish to invest more capital in bitcoin because it is a decentralized currency
Edited corrected by @Upgrade00, thanks sir
Learning is a continuous process
I mean for sure Bitcoin is a risky investment even though right at this moment the price of Bitcoin could easily drop a huge percentage one big bad news could easily affect the market price of Bitcoin just imagine if the Bitcoin code or structure have been cracked and hackers found a way to hack our Bitcoin that could easily affect Bitcoin for sure, and a lot of people is going to be afraid to hold bitcoin and probably going to end up selling it right after the news was released pushing the market price to drop. It is surely going to be the normal thing to make mistakes but just make sure to not make the same mistakes be sure to always learn from your past mistakes to avoid losing money, but it will even be better if you're going to learn from other people's mistake, I mean we already have the forum and there are a lot of great members here that share there experiences and what you can do is learn from their experiences, you could just continue to learn here until you already know what you're doing and then start to invest. |
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All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.
The price of Bitcoin is already in a good position for sure, the price was just around 29k$-31k$ I think it could easily hold off until the end of the year for sure because we already see the market price drop but it doesnt seems to drop on 28k$ it just continues to stay around 29k$ which is a good thing because we can notice that the price is holding off at that level, to be honest price could probably reach 40k$ at the end of the year if the price continues like this, In already has a lot of momentum unless something bad happened or bad news drops online I can't see the price dropping around 20k$-25k$ again. I mean for me I was really hoping for the market price of Bitcoin to drop around 20k$-25k$ because it's a good opportunity for me to buy Bitcoin at a discount and that just means I could accumulate more volume of Bitcoin. If investors are selling their Bitcoin then it's a good time for us to be greedy and buy more Bitcoin also a good opportunity to make a profit in the coming bull run. |
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hello everyone
i sell some vouchers and the buyer ask to do escrow
he can get them and use them then reject the deal :|
did something like that happen before?
maybe a middleman with bitcoin talk is better
any experience with this issue?
I mean an escrow is just a middleman for sure it is possible to get a scam even though you already have escrow, I mean I have a similar case when I do a transaction online on Facebook related to NFTs and cryptocurrency. If your selling something like a token for sure buyer is not going to trust you that easily, there where no way to fairly send both the sender and the receiver at the same time unless you have something like a platform or maybe something like a middleman. The thing here is to pick an escrow that you already trusted or that is already well-known in the community If you're going to escrow here in the forum there are already a lot of trusted members here in the forum that is already trusted as an escrow probably already handle thousands of transactions here in the forum. if you do that it is almost guaranteed that you're not gonna get scammed. The thing scammer does is the scammer know the middleman and when you send your funds to the middleman both of them are going to disappear and scam your money, I mean it's easy just dont pick an escrow that you dont know or you dont trust. |
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Yes as the subject said, using borrowed money to buy bitcoin is not good idea because the interest is accumulating every week/month and you don't know when the bull will come and even if you know, you will not know how much it will be. And assuming you took a loan of $400 to pay back within 3 years and the interest rate is $2 weekly and in the 3 years period, bitcoin has not reach the speculated price to sold your bitcoin to pay your loan. Or when you sell, you get the exact amount of the loan, or 1% profit from the sell and you pay off the loan and there is nothing left for you to start over. Is that a good investment? No. So there are many factors one can consider before using borrow money for bitcoin investment. You have to consider the duration of the loan, the probability outcome of bitcoin at the end of the loan year, and the interest rate accumulated at the time to pay back the loan.
When you have done your homework well and you see that you can use the loan to invest on bitcoin and there will be no problem at the end and you will have some changes remain in your wallet then you are free but if not, it will shock you and you will be frustrated so prevention is better than cure as they said. Therefore using loan for investment is not advisable. Ordinarily, you cannot just come to the cryptocurrency Ecosystem space without proper planning and started investing, it is not done in that way, at least calm down to study how things are done in the environment, making some analysis, compare and contrast some of the risk involved then if it is good then you key into it and if it is not then you look for an alternative way to invest in bitcoin.
I came up with this topic because I was planning to borrow money to invest in bitcoin but when I looked at the risk involved, I have to give up the borrowing plan.
I mean the main reason was just that cryptocurrency or Bitcoin is just a risky investment and it wasn't recommended to do a loan just to invest in something that is risky it just wasn't worth it because if you lose your money on Bitcoin then you get a debt as well which is a big problem by chance. If we are just going to invest in Bitcoin we already know that we should have liquidated or fiat money that we have in our savings because if you're going to invest but it is already all of our funds I just wouldn't really going to recommend that because what funds are you going to use when the market is down? Your just gonna end up selling your holding and lose money because you didn't have the plan to invest. Most traders are just going to recommend you invest only 10% of your funds in cryptocurrency because it is just way too risky to put everything on it. Taking a loan wasn't actually that bad if you know what you're doing loans could easily help you with your problems and probably it could help you buy assets that could generate your income, but if you just doesnt have funds just dont invest on cryptocurrency just invest it on something that is more guarantee to give income. If you borrow money to invest in Bitcoin, that shows you have no other option left and this also means that you are trying to invest what you can't afford to lose because you borrowed the money, Bitcoin investment is not for such people, if all you can do is borrow money, brother go out and look for jobs, this is not a matter of when to buy or when to sell, you are doing it completely wrong.
Your money or no Bitcoin investment, doing this will put you under pressure and unease mind, it's money you borrow, and there will be a max time for you to pay back the money, I can promise you that it's not going to be a pleasant investment in the end.
Agree with that, when I started working I realize that its actually easy to save your money, just dont buy something that you cant afford, so if you cant afford to invest on Bitcoin just dont invest on it!. |
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57 - Asuspawer09 Thank you!  |
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We are all welcome to 2023.
2022 was not a good year, but not exactly a bad year too. Bitcoin falled from $48000 in January and fall to the lowest price of $15500 in November 2022. But we should also know that November 2021, bitcoin got to all-time-high of 69000.
Some people got bitcoin, holding it and the price falled as some people sold. But the good news is that all-time-high is still possible and that might likely be in 2024/2025, just a prediction though. During the falling of bitcoin price, it was more on altcoins as they fall the most.
Some people save coins on exchanges, 2022 was another lesson for those kind of people as FTX collapsed and millions or billion worth in dollars that many people lost. Not you key not your coin is a lesson in 2022 as those coins saved on exchanges wallet addresses dropped significantly after the FTX implosion.
Let us begin the fun of 2023 by guessing what would be the highest bitcoin price in 2023.
I mean 2022 wasn't really that bad and I did make some profit at that time trading, Pretty much Bitcoin did a good job especially on adaptation this 2023 considering in the past year Bitcoin wasn't even that popular on social media, there are probably only a small percentage of people who knows about Bitcoin compared today. In my country, even banks are already supporting Bitcoin some of the most popular online banking here in my country already integrated cryptocurrency on their platforms and now you are able to buy Bitcoin on their banking application which is a good thing considering there are millions of users that are using this application meaning this millions of people can easily access and buy bitcoin as well. Considering the price of Bitcoin in the past months I can say that Bitcoin is on the right track and slowly getting a lot of momentum, but right now only small traders are trading in the market, and we're gonna need a catalyst to trigger the market to skyrocket. It's possible that the Bitcoin halving event could be the one that is going to trigger that, if the market continues considering the significant adaptation of Bitcoin for sure we could easily surpass the pass all-time high, and in my opinion, 100k$ is really realistic on the next Bullrun. |
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How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
You can't possibly grow your Bitcoin without buying Bitcoin, I mean yes you could potentially earn a small interest when you HODL your Bitcoin on some exchange or something like that, but the claim most of the time wasn't really worth it considering the risk you're getting when you HOLD your bitcoin on their platform. There are some ways you could possibly grow your Bitcoin something like day trading is going to be great if you're into cryptocurrency, but it is risky if you are not updated on crypto. I guess the best way was just to invest in Bitcoin, you could do dollar cost averaging and buy Bitcoin every month or weekly with that you could save Bitcoin and grow it to position for the upcoming Bullrun, that's probably the best way since for sure proven to be a low risk  but you need funds or something like a salary. I mean I wouldn't really recommend gambling at all because it was just too risky and you could easily get addicted to gambling that just means putting your Bitcoin at risk way riskier than just buying or holding your BItcoin. |
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Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?
Bitcoin is actually a new thing back in the years and a lot of people believed that it could easily be the future of currency, I guess it is because of the trend where Bitcoin could be the future of all currency or digital currency. I mean, to be honest, I didn't believe that Bitcoin is going to be the main currency because its nature is its decentralized government would really use something like that as a currency, I mean inflation is a big thing in fiat currency because the government continues to print more money and it's just a big problem but on Bitcoin, there is only limited supply so the government would really support something like that they can't control and they can't print for sure. Probably companies, governments, etc are starting to recognize cryptocurrency and blockchain which is why it started to adapt around the world, the technology was already used around the world and it continues to adapt until today, for sure Bitcoin is going to be a part of the future but it wasn't going to be the main fiat currency. For me adaptation was just because Bitcoin is just a great technology. |
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what would you do if you got money?
which coin do you prefer to hold for long-term or short term and what do you expect from your portfolio?
If you ask that question from me then I say that I try to hold BTC because first of all, BTC is a modern form of money I think soon cryptocurrency f*** the paper money. then everything should be traded in digital coins like BTC and others.
BTC is now much lower than his ATH which means if you buy BTC at that time it means you can see a huge profit in the future but if only you hold BTC for a long time. it means a patent is required for it. that one also boosts your portfolio.
I think BTC broke his ATH in the year 2025 and make a new ATH on 100k what is your opinion?
For sure it is a great investment to use your money to buy cryptocurrency or Bitcoin, I mean if I have the money I would surely invest in cryptocurrency aside from other investments, first cryptocurrency is going to be Bitcoin for sure we all know that cryptocurrency is a risky investment so it is always recommended to invest on Bitcoin because it is just the safest cryptocurrency to invest to, I would also buy on some alternative cryptocurrency that has high return something like Ethereum, BNB, etc, it has way riskier but at the same time have a high reward. I mean the next Bullrun definitely has a of potential so I really believe that the price of Bitcoin is going to be around 100k$ for sure, just based on the Bitcoin adaptation Bitcoin is well adapted even in my country. Bitcoin is surely better than fiat money and for sure when it comes to investment, when it comes to inflation it really hits on fiat money, but fiat money is still essential because it is just what we use daily, and we cant really change that, it is the one that is supported by the government, I mean Bitcoin is decentralized on nature so that is just how it works. We cant expect the government to support Bitcoin because they just cant control it. |
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Maybe someone has experienced the same fate as me, the Google Authenticator apk is missing! Maybe my friends know a way to be able to enter Google Authenticator without a key or is there another way to deactivate Google Authenticator so that when we want to enter a market account, we don't need the Google Authenticator key anymore? Hope someone knows about all this, thanks.
There is a recovery code that you could get on every website that has the authenticator, if you did activate the authenticator make sure to save the recovery code as well so that when you do lose the authenticator you can still recover and disable it. Google Authenticator was kinda trash actually before the update because you lose all of your data when you lose your phone or uninstall the app if I'm not mistaken, It did happen to me and its really annoying I mean we didn't really save all of the recovery codes on every website, the fact that I didn't recover some of the data is really a mess. But on the recent update, it was already saved on your Gmail account which im been waiting for years to be updated, I mean it is supposed to be this way so even though you lose the app or uninstall it you just need to sync or login your Gmail account in order to recover all of your authentication data. I mean I wasn't sure yet if it is already like that because I didn't try to do recovery yet but on the application, it says "Your codes are saved to your Google Account". |
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When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.
It is surely a good thing if you can sell at the peak price but the reality is there is only a small percentage of people who can sell at that peak, it's really difficult to predict that. I mean the price the best thing to do probably is take profit every time there was a huge pump in the market right, you could do is sell a small percentage every time the price continues to pump with this method you could be sure that could take profit and at the same time you could hold for until the peak I mean its still great to sell it all once if you could sell it at the peak. If you have no problem holding your Bitocin for years then you just do the right thing because for sure the market price this coming Bullrun is going to be even greater than before and probably you could right the all-time high of 100k$ in the next Bullrun. If you have other sources of income you could just wait for more years until Bitcoin is greatly adapted in a lot of countries. |
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I am 18 yo
schooling in private college
I flip stuff for cash part time regularly to make some extra cash
I have 1 Bitcoin @ 29k & I keep about $3000 in cash in my bank as emergency fund
I have 3 months study break so I am most probably gonna take on a job to fund the bitcoin , trying to fund as much as I can before the halving in 2024
I have been researching on bitcoin for a few months now and by researching I meant like the purpose of bitcoin and I see how it is so much better than fiat(cash) . The only thing that can stop bitcoin is probably the government. After understanding the purpose of bitcoin it gave me more confidence on buying it and not seeing it as a 'investment' but more of a freedom digital currency.
I am gonna start deciding to sell it at end of 2024 , but I guess i could wait till end of 2025.
Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.
If you guys have any tips , do let me know ... I would be very grateful for it.
Wow, you doing well mate, Congrats! Sell at the end of 2025 that is probably where the Bullrun is since Bitcoin halving is around 2024 the expected pump will be around 2024-2025 for sure. I did start on cryptocurrency as well when I was a student, when I was in college as well and it was really great to know this kind of stuff because I was able to earn this amount of money, I mean as a student this kind of money was only earn but someone who has a job so I was really happy about that. But I guess the advice I could give you is to actually invest in a passive income when I earn a good amount of money when I was a student, I didn't really have the right mindset, my mindset was it's okay for me to spend my money on things just because I'm still a student and eventually I'm going to land a job and that is when I'm going to start saving. When you already have the money invest it on something that could give you passive income, it wasn't need to be something like a business since your still a student, the safest investment could be real state, something like a rental apartment is great since it could provide you income monthly. |
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There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?
I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.
To be able to reach that market price of around 100k dollars we definitely need a lot of money that is needed to be poured into Bitcoin, at the moment the money was just us small traders and we actually did a great job increasing the market price of bitcoin of around 30k dollars and we notice that the price remains around that range, there was some resistance and it wouldn't increase or decrease around 29k$-31k$ and in my opinion, it's a great sign already. You are right about that, it is going to be a huge amount of money, so we need billionaires, companies, institutions, government money, etc, one thing here that could be a catalyst is when the government starts to print money again, that just means that there is more money than can be put on cryptocurrency or Bitcoin that could easily spike the price of Bitcoin. Im is optimistic about it as well because there are still a few people in the world who know Bitcoin if I'm not mistaken it is less than 5% of the world population, and if I'm going to base it on Bitcoin adaptation in the past year the Bitcoin really is adapted on a lot more countries, companies, businesses, etc. Just based on that I could easily assume that the coming Bullrun is going to be bigger than the last Bullrun. |
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Hey Guys,
Just want to ask what's your favorite Indicators that help you understand what are the reasons of BTC prices goes up or down.
What I'm talking about in particular is not external factors e.g. Economy news, FED moves etc. but more like technical analyses and indicators that would help understand if e.g. recent decrease was because of Long positions selling or entering short positions etc.
Thanks
M
I mean the price of Bitcoin depends on the supply and depend on Bitcoin, if there is a lot of supply and very low demand the price is going to drop and vice versa the price is going to increase. I mean even though we know this thing there are still a lot of things that are affecting the market price of Bitcoin so there is no way that you could accurately predict the movement of the market, there are some signals that you could follow but it is still not accurate and it wasn't always right, I mean if there are ways to accurately predict the market probably we are all already rich on trading, or the market is not going to exist anymore because on the market there are a few winners and many losers, there are always losers and they are the one who loses money. You could just do some analysis for your prediction, the trick here is to always be updated on the cryptocurrency space, like good and bad news in the market because that is just what creates movement. Analyze the past timelines and charts etc, and you could probably predict the market and create a good profit. |
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Btc is cup money is liquid the water and Banks are from the word like a River bank.
So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.
Those who got cups to collect the water when it's raining those got most of the water so to speak they got most of the money.
If u sell btc early it means you empty your cup ...btc is big cup small coins smaller cups they full faster then biggest cup the bitcoin.
Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.
I mean in my opinion it wasn't a great thing to teach Bitcoin to someone that wasn't really interested, the only best way to learn Bitcoin is to learn Bitcoin on their own and have their own interpretation of it, and there are going to get that if they already have knowledge on there own and experience it already. I've heard a lot of stories where they tried to teach Bitcoin to their friends and it wasn't really effective, and some are just going to blame you because they lose money on their investment in cryptocurrency. This was all a pretty normal thing that is going to happen if you just encourage them and they are not really interested in it they are just interested in the profit. The thing is you just need to explain the basics something like here is Bitcoin, it's a digital currency blah blah, and then say something like try to take a look at it and see if you're going to like it. Because in the end if they really wanted to invest on go into Bitcoin and cryptocurrency they need to do it on there own anyway. |
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The first reason why you can never be rich is too much responsibilities, carrying family problems on your head which we all know family problems are always around the corners and can't be totally eliminated. The best help to offer family is to put yourself in a better financial position, don't struggle to help family, struggle to put yourself in a better financial position then take away your from dependency. How do you take them away from dependency? If you have a company or business you are running or a connection, you can connect your family members to your friends let them work for them so that they can earn their own money or you have a business you are running, they can work for you to earn their own money. As long as their is still dependency they will continue to depend on you and demand from you.
The second reason why you can never become rich is not knowing how to use money. There are several ways money can be use : spending, savings, and investing. Many of us already know about spending and even when we spend we spend on things that are not really needed but just to impress people who don't care about you.
Buying liabilities, things that doesn't have value five years from now. Many save but even when money is saved, it is done to spend and not to invest and the only way to become rich is to invest and not by savings. So , invest in assets and not liabilities.
I know a lot of people who are the breadwinner in their family they are the only one that has a source of income on their family, I mean its already pretty common in my country I guess it is just a big problem here because early pregnancy here is just high so most of the families here doesn't have enough to have a stable income before even starting to have a child. One of my workmates as well have this problem I mean there's nothing he can do because his siblings are still young so they can't work yet because they are still in school, his mother and father only have a small store but it wasn't enough, He shares to me that it was really difficult because his salary was just for paying Bills and expenses and there's nothing left for him. I mean it would also depend on your situation like what I've said even though you really wanted to save and invest your money but there is just nothing left it is going to be really difficult for you. It is still possible just having the right mindset but its harder, I mean i just trying to avoid every possible mistake that i can do because i already doing great on my financial. |
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We are more likely to experience better end of the year, as of last two weeks Bitcoin was $23,000 but I can see some impressive changes hopefully the ends or mid of the year will make significant changes in price. Though am not excited much because even if it pumps I might not enjoy the fat price, I bought when the price is high but now you will pity my wallet. Anyway we're sure of better 2023.
I guess we are already on the right track since the Bitcoin already gain a lot of power and even in the past days of drop Bitcoin seems to be holding on around 29K$ i was hoping it could drop around 25k$ because it is a good opportunity to buy bitcoin at a discount but it wasnt happening lets see how the market is going to reach in the coming months, I know its still a long way before the bitcoin halving event but on the end of the year the market could possiblely already reach the price of 40k$ just because of the momentum that it has, I mean its whatever happened we are still aiming for higher profit possible waiting for the Bullrun, honestly i wouldnt sell I want really hoping for more than 100k$ because it is just more realistic on the coming bullrun compared to the past, because the bitcoin adaptation on the past year was just great, a lot of countries,banks,companiesetc is already recognized cryptocurrency and bitcoin as a thing. So for sure the upcoming Bullrun is going to be a lot of hype and price is going to increase significantly compared to the past Bullrun. |
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Hello guys !
I am new to the the community ,and I have been researching till I came across this amazing article called bitcointalk ,which will be a perfect media to informate and educate ourselves on bitcoin.
Hello, Mate Welcome to the Forum, Goodluck on your cryptocurrency space journey, I suggest to start learning here in the forum to gain a lot of knowledge about cryptocurrency and Bitcoin and then if you think that you already have the knowledge and already know what you are doing, also you already have the funds that you're going to use on investing that the sign you're ready to start your investment on cryptocurrency. Make sure to learn every process to avoid mistakes, there are a lot of experience member here in the forum they could easily help you on your problems, you already keep in mind to learn from there mistake so that you could avoid losing money. here are some tips on the forum, follow the rules of the forum and study the rules so that you could avoid getting banned here are some Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ. You are lucky to know about the forum, you are right it's the best cryptocurrency and Bitcoin forum, so don't waste your opportunity and start doing it. Good luck! |
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I don't have bitcoin yet but planning to acquire it. I have been in the forum for sometimes now though I am not regular, but studying whenever I visit the forum. And noticed one thing about bitcoin. Bitcoin is a digital money for trading, payment of goods and others. But what I noticed is that, bitcoin cannot be used to buy and pay some instant services and goods. Examples, you want to buy banana on the way while driving from a hawker, will you use bitcoin to pay the bananas? Because the way I am looking at it, it is possible but the delay in transfer is the concern here. Bitcoin transfer is not like the bank transfer in which we received instant allert within 2-3 minutes time. I know some people will say set the transaction fee high then you can pay whatever you are buying with instant alert. I don't think someone will pay something with BTC and the transaction fee is very high and double the amount you want to pay for the goods.
So I want to know in such situation, what will you do? I am asking this question because bitcoin is a digital currency for exchange of goods and services. I know that there are some services you pay ahead but what of the ones you are buying instant? You just came to the place and you want to buy from the hawker and zoom off, and you are to pay with bitcoin because there is no physical cash in your wallet/pocket/hands. And because of the delay in payment I was thinking that not everything we see can be purchased with bitcoin, is it true?
Bitcoin at the moment is not ready to be used as a currency or use for payment in my opinion, I mean first of all bitcoin was not accepted in a lot of stores nationwide, so there's no way you could pay for everything online or not just using bitcoin, Compared to the past years there are a lot more stores where Bitcoin is already accepted I remember I did create a topic related to small businesses that are already accepting bitcoin and there are only a few, But today there are already a lot of them and Bitcoin is already recognized as well but a lot of companies. But it wasn't just the issue since bitcoin, in my opinion, is not suitable for business, just because of the volatile market price, if you're going to use bitcoin as a payment on your business your just gonna need huge cash for cash flow because if someone pays bitcoin you cant use that amount anymore because it will automatically be invested on bitcoin you cant just sell it anytime because prices could go down easily or vise versa. For me Bitcoin is just suitable for investment at the moment, but for sure we are going to see a lot of changes on Bitcoin in the future and maybe it will be suitable as a currency that we could use as well on every transactions. |
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