Western developed countries suffer from underpopulation and reduced births in general, as newer generations tend to have fewer children than older ones used to, which is going to hurt their economies in the long run due to the increase in the aging population. Underdeveloped countries in Africa or Asia, on the other hand, suffer from overpopulation, which isn't helping their state and is happening due to a lack of education and protective measures. Even though India and China, which previous users mentioned, are supposedly two of the largest superpowers, the majority of their people are suffering from poverty and poor living conditions. There needs to be some balance in terms of birth control. The earth is overpopulated, but at the same time, the Western world is suffering from underpopulation and a decreasing number of births.

Bitcoin is meant for everyone, but in reality, is it? Although more and more people are accustomed to cryptocurrencies, the average person is unaware of their existence, and even if they do, the majority ignores them or doesn't trust them. Thus, even though Bitcoin is supposed to be a decentralized currency to be used by everyone, it is not for a variety of reasons, some of which were mentioned earlier.

Thus, there's no point in convincing someone how useful or precious it is; trying to convince those who believe the opposite is pointless and time-consuming, for the same reason you wouldn't attempt to convince an atheist to believe in God, and so on.

Honestly, although there have been decent advancements in the past few years regarding Bitcoin, I doubt that it will ever reach that level. It's not that of a versatile cryptocurrency; high transaction fees and delays are often caused by network congestion, which renders Bitcoin not as efficient as it should be to function as a daily currency. Moreover, I don't believe that this was Bitcoin's intended purpose. On top of that, the majority of us also perceive Bitcoin as an asset; thus, we wouldn't use it like we'd use fiat. On the other hand, it's very possible to see other cryptocurrencies being used on a daily basis that offer faster and anonymous transactions.

What's the point of these microcurrencies, then? At first, I thought that the OP was talking about fiat currencies; this is the first time I'm reading about local currencies, and even by translating and reading the articles provided in the starting post, I'm yet to understand what they actually are and what their purpose is. What are they based on, and why is there a need to have over 80 local currencies in France? Have we returned to the good ol' days when we were exchanging eggs for bread and so on?

Moreover, the main reason I don't see Bitcoin as a viable currency anymore is because it is nowadays deemed an asset that appreciates in value. On the one hand, you have fiat currencies, which, due to inflation, constantly depreciate in value, and on the other hand, Bitcoin, which is an anti-inflation measure and is expected to gain value in the upcoming years.

First of all, are you in dire need of money? If yes, then you may be forced to sell, otherwise I don't see a reason not to wait. Did you acquire many coins that put your financial state in a tough situation? If none of these apply, then I'd simply hold your coins and wait for a recovery. Polkadot's ATH was at approximately $50, which means that it has a decent potential for a recovery. Although you have purchased exactly in the middle, the current price is possibly the lowest it could be at the time, as it was unfortunately affected by the SEC lawsuit.

My advice, simply hold and if you're up to invest any further, I'd use the DCA technique that other users suggested. In that way, you'll lower your average purchase price, while it's a great opportunity now that it's affordable.

Personally, making your passion your full-time job sounds unrealistic, at least for the majority of people. I find it very challenging to accomplish that only few end up achieving it in their lifetime. Usually, the majority of us will have a regular job, with one or two days off and the only thing we'll be looking for would be the weekend to have some personal time. I'm not sure if I'm being too pessimistic and depressive, but depending on your financial status and your residence, it may seem like an inconceivable dream.

Back when I was a teenager, my passion was bicycles, creating my own company and designing my own bikes and products, which even if we suppose that I attempt now, it requires great knowledge, craftmanship and capital. On top of that, it sounds too demanding and I have no clue on how to start such a thing. The worse of all, I'm still not sure what my true passion is.

It's only been two or three days since the resolution of the SEC lawsuit, it's extremely early to make such assumptions. Also, it certainly did not last one day, XRP's price was less than $0.50 before the announcement that they won the lawsuit. It's now trending at $0.75, with a 60% increase in the last 7 days. On top of that, XRP surpassed BNB in market cap, and this is only the beginning; that's not insignificant at all. I'm not sure how it'll progress in the future, but so far, it has made decent advancements so far, which is positive, both for its future but also for other altcoins that were labeled as securities.

I haven't bothered too much with altcoins in the past and always stuck to Bitcoin, which goes without saying that it's the best coin to hold, but I've recently started investigating altcoins after receiving a few airdrops on Binance. My top options currently are BNB, especially after the resolution with the SEC, and Litecoin, which for some reason has been performing quite well the past few months and I believe has decent potential in the upcoming years. Moreover, I'd also like to include some other less known tokens, such as FUN and PENDLE, that I've started accumulating through Binance's farming pool and that look quite interesting and promising.

DCA is probably the safest option to acquire more Bitcoin, minimizing your risk by spending a specific amount of money at a predetermined frequency. I can't think of many ways to grow your Bitcoin, unless we're talking about value, in which case you can simply hold, but from the OP's post, I'm understanding that he's after acquiring more Bitcoin as the coin itself. Trading is also another way, but it's certainly not for everyone because it's a much riskier process.

Another way could be by using Binance's or another exchange's savings platform, which is similar to staking and provides you with a petty APY. The highest I've seen for Bitcoin is through FreeBitco.in, which is offering 4.08%.

I'm completely ignorant regarding the BitConnect scam, but I'm now reading that approximately 800 users were refunded, but the number of users that were reimbursed sounds too small.

The issue is that such scams and Ponzi schemes are giving cryptocurrencies a bad name because people tend to associate them with the scam itself. Cryptocurrency-related scams are also easier to recreate due to privacy reasons, which enables such projects to pop up and disappear within a few days. This, however, isn't a valid excuse because the internet is full of scams and has always been like that; it's just that people who are against cryptocurrencies tend to focus on the negative aspects, which are the scams that involve cryptocurrencies.

Okay, although I was here in 2017, I vaguely remember the whole BitConnect incident. I hardly remember anything after over 6 years. However, this isn't the first incident, is it? We've had plenty of similar ones in the past year or two. Starting from the FTX exchange and their token, FTT, which went downhill after the exchange shutdown and is now worth peanuts. Guess what, there were people who had invested millions in FTX and the token itself. It's sickening to think that at one point you're a rich and successful investor and, in the next moment, you have absolutely nothing. Don't get me started on Terra, which crashed within a day or two, vanishing billions of dollars worth of crypto and, of course, no solution was ever found for its investors.

Thus, it's best to stick to known and reputable options, such as Bitcoin, Ethereum and a few others you think are to be trusted, while at the same time avoiding the storing of funds on centralized exchanges that provide you with zero power over your money and, even then, there is no guarantee regarding Bitcoin or any other coin.

We're certainly not in a bull period right now. Actually, we're not even close to a bull market now, nor is Bitcoin's price gradually increasing. It's stuck at $30,000 and there's huge resistance to stopping it from increasing any further. Moreover, it seems doubtful that we'll see any major recovery throughout the year, with the most probable scenario being $40,000, which still isn't too bad judging how the year has progressed. $100,000 sounds like a possible scenario after the halving, but I'm not too sure about when that'll happen and if that's going to be throughout the next year or should we wait for two years from now at least. In my opinion, 2024 will be met with a new ATH, at $80,000, which is still great. I'm curious though; at what price did you buy Bitcoin? $10,000? Because you're claiming a potential profit of x10.

Bitcoin is never going to become the world's currency. Even if that was possible, governments wouldn't allow it for a variety of reasons that have been previously discussed at the forum. I'm generally against such bold statements, especially those that concern the extremely distant future, like the OP is mentioning, the years 2048 and 2109 respectively. Even the so-called prediction is so far off, with a range of over 50 years inbetween. Bitcoin isn't capable of solving worldwide issues, it doesn't grow on trees, you cannot create it from scratch, unless you're mining it, which requires expensive equipment and expertise that the average person doesn't have. Thus, it's unlikely, not to mention impossible, that an asset like Bitcoin can solve worldwide issues such as poverty, hunger, or the financial crisis.

It's not about being a paid group or not; it can lead to a loss of funds even if it's a free one if you follow their signals and things don't turn out the way you want them to. I personally wouldn't follow something that was told to a group without any information or data justifying this move; I'd rather risk the money myself than blindly follow what a stranger claims. There will certainly be some success stories, but there will also be a large number of people who have lost because they made the wrong trades just because someone told them that it would thrive or crash. Would you jump off a cliff just because a stranger in a random group told you to?

It depends on what you're after. Personally, I'd even be happy if Bitcoin recovered to $50,000 because that would practically double my money instantly; my DCA is about $27,000, and anything above that is pure profit, especially when everything has been earned and not bought. That doesn't mean that I'm going to sell, even though I'd be financially satisfied. Bitcoin has tremendous capabilities, and I'm not in a huge hurry to sell it. Regarding the next ATH, a realistic expectation would be around $80,000 within the next one or two upcoming years; I'm mostly siding with two; one year sounds way too optimistic and close by.

Is denying it out of the question? I understand that you may want to assist them and that them asking you is putting you in a difficult position, but it's not you who is going to solve their financial issues. I've also lent money to a few people in the past or done similar favors for them, such as ordering them something from the internet, without having received the money beforehand. The latter got me in trouble twice, but I learned my lesson.

I had a so-called close friend who took over a year to repay me. I still had the goods he ordered, but they were worthless to me. The only people I've borrowed money from were in my immediate environment and couldn't avoid me forever if they had such intentions. You shouldn't be ashamed to say no; you're not to be taken advantage of. Help only those that you trust; if you're having second thoughts about someone, just say deny. You're also working your money; it didn't grow on trees.

There're plenty of ways to get past these environmental concerns by switching to green energy. Bitcoin's impact on the environment is the least of our issues when it comes to discussing what is more detrimental to it. As we've seen from this company, even heat, which is wasted energy, can be taken advantage of for heating purposes. Generally, there are ways to decrease mining's carbon footprint but it's yet to be applied. Miners generate a ton of heat which we haven't fully grasped that can be used in a variety of ways. Not long ago, I had also seen heaters that were mining Bitcoin simultaneously, but the whole ordeal wasn't too effective or efficient, but miners with a few modifications could possibly even heat whole rooms.

Finally, someone mentioned it. I also don't believe that none of these Bitcoin ATM operators managed to legally license them; there's no way in hell that they simply woke up one day and decided to install them in a specific location. The FCA is likely to have declined their registration and resorted to the extreme measure of operating them without a proper license. On the one hand, I understand why governments don't want Bitcoin ATMs because they open a loophole to avoid taxation, but on the other hand, this common misconception that cryptocurrencies are only to be used for money laundering and illegal activities needs to stop.

I'm not sure where you're from and what kind of incentives credit cards provide there, but 3% cashback isn't that insignificant, it's the most I'm able to get from my credit card and only applies to petrol, and as someone who's regularly using my car, the cashback quickly adds up. It's not necessary to use your cryptocurrency to make purchases through Binance's debit card, you can even use fiat currencies or even stablecoins.
Exactly, if something happens and Binance crashes, then BNB is also doomed no matter where you're storing it. Thus, I don't see why it's a bad idea to hold BNB and take advantage of the debit card if it's useful for yourself.
The cashback incentives isn't something new, it's an old feature and I remember it from the first day I signed up on Binance, which is quite a few years ago. Thus, your claim about Binance trying to attract investors to hold in their exchange is irrelevant.

Binance is offering their own debit card, with which you're given a cashback ranging from 0.10% to 8% per successful transaction, no matter where this transaction has been conducted. 8% is absurd because it requires you to hold over 600 BNB, which is impossible for the average investor. However, you can receive up to 2% to 3% cashback for 1 and 10 BNB, respectively, which is a reasonable amount of BNB to own, provided that you're interested in the BNB coin itself.

Cashback is usually a feature of credit cards; I've got no clue what percentages and what kind of incentives are offered abroad, but using my credit card, I'm getting 1% of all purchases in commercial stores in Greece and abroad and 3% at a specific gas station franchise. Thus, Binance's debit card is able to offer as much as 2% to 3% only by holding 1 to 10 BNB; the latter is a decent amount of money indeed, but my point is that the average credit card out there doesn't give out such a large cashback. You can even receive cashback for paying taxes and, generally, any random purchase.

Is Binance's cashback enough incentive to hold and stake your BNB coins on their exchange, or do you prefer decentralized methods, such as the Metamask wallet, Beefy, or other similar platforms?