|
Warren Buffett says that he doesn’t invest in a business which he doesn’t understand. That’s a great quote imo. If you don’t understand what you are investing in, then you will probably lose money because you will make lots of other bad decisions as well. Your friend was a great example. People shouldn’t even buy a real estate unless they exactly know how the real estate business works. Stocks, bonds, crypto… they are also the same. Unless you don’t understand them, you shouldn’t invest in them.
|
|
|
|
|
That might be true but then some workers don’t like to work in an office and these people will also be less productive. There is no easy solution to this problem. The employer should find the workers that loves to work in the whatever current environment (home or office) and move on. If the majority of the workers are doing sloppy work while working from home then he should move to an office…
|
|
|
|
|
Gambling makes you relax. Smoking, banging girls, drinking alcohol also make you relax. Relaxing is a good thing. Otherwise you will go crazy and do crazy things. Nobody wants that shit. The government don't want it too. Because of that in most countries gambling is legal. Computer games are also have a similar effect on people. They keep the young people busy and it is a good thing. If these people weren't playing games, some of them would do drugs and nobody wants that too.
|
|
|
|
There are already some privacy coins, such as Monero, but they don't seem to be widely popular. At least not as popular as ETH, LTC.
The current environment is not suitable for monero. Almost all of the exchanges and casinos are demanding KYC from their customers now. The establishment has declared war against privacy. Remember what the little bitch of Claus Schwab said:  https://twitter.com/wef/status/804549664439762945"Welcome to 2030. I own nothing, have no privacy, and life has never been better." See where we are going? Privacy is important but something more serious is happening. Soon we will have nothing. |
|
|
|
I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.
So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?
I would buy an existing business but it should be reasonably priced. I don't overpay. I know how hard it is to start a business from nothing and I also know there are many business owners that want to sell their business. There are various reasons for that. Maybe he wants to move to some other business because he is not happy with the income of his current business or maybe he doesn't like to interact with people... Whatever the reason is, since he wants to get rid of that business, he should do a discount so it will attract potential buyers. If you start a business from zero, you won't get a discount, you will get lots of other headaches and in the end maybe you won't even like that business... |
|
|
|
|
One by one all the exchanges and casinos became pro-KYC businesses. Kucoin and freebitco.in also joined this freak show not long ago. These were the only never-KYC businesses I know and now they are also doing KYC. (freebitco.in says nothing has changed but for some reason I don't really believe this)
Only p2p trades will be anonymous and you will do such trades either face2face or on a forum like bitcointalk... Nowhere else left to go for us. KYC killed a part of crypto... Sad af.
|
|
|
|
|
If the other companies see Microstrategy’s big profits, they will definitely get jealous and wanna bite from them profits. MS is doing a good job investing in btc because of this. Tesla did the same thing too. I don’t know the last updates on this but I remember that Elon said they are not going to sell the remaining btc Tesla holds. Maybe we will see Apple or Amazon making an investment in bitcoin too. If Tesla did it, the other FAANG companies can do it as well.
|
|
|
|
lets say someone wins a million dollar and wants to dca 50k weekly into bitcoin. What is the smartest way to do so? I know nothing and would send 50k to binance each week and set a limit order every monday. Is there a better way? Thx  That's 20 weeks of DCA'ing. (~5 months) I don't think that is a suitable time period for this strategy. DCA'ing takes years. Usually more than 3-5 years. 5000 USD per week is a better way of playing this imo. You can keep you money in short term high yield bonds while you are slowly DCA'ing into bitcoin so your FIAT will get less affected by inflation. Stocks is a good alternative too. There are pretty good high yield dividend stocks, you are park your money there too. |
|
|
|
While both Biden and Trump aren't fans of Bitcoin, at least the American people and the world as well have heard about it from no less than presidential aspirants. It speaks a lot as to Bitcoin's legitimacy. It, for example, says Bitcoin isn't a Ponzi.
I don't think that's true. There are many bitcoin fans among Trump and Biden supporters. I honestly think Trump is more pro-crypto than Biden too. It is just that Trump likes USD more and that's only natural because he was (and probably will be again) the president of the US. Wouldn't it be strange for a president to support a decentralized project while they have their own currency? In the end the voters don't really care what they think about crypto anyway. Half of the voters are pro-Trump and the other half is pro-Biden and lots of people from both sides are pro-crypto. |
|
|
|
If you feel or think here is not the right place for this you can say it. I am open to corrections as we all are here to learn.
It is all in your head. If you think gambling is harming you financially (or mentally), then you should stop doing it. Do you touch fire even though you know for a fact that you will get burned and it will hurt like hell? No you don't do that. The same logic applies to the gambling scenario. When it starts hurting you, you shouldn't do it anymore. Take professional help if you can't come up with this simple logic but if you can't do that much, I think the professionals probably won't be able to help you anyway. Accepting that you have a problem solves 33% of the problem. Wanting to solve the problem for real solves 66% of the problem. Solving the problem is easy... It only takes 1% of your effort. (You just do it. -or don't-) Most people don't even accept that they have a problem. That's why they are on an endless loop of destroying themselves. |
|
|
|
|
I don’t see a problem here. We all know bitcoin is the only crypto that matters in the long run. Even eth and the others will die off in the future but btc will keep going. The SEC is actually giving a wise advice to Coinbase and the baldy CEO of Coinbase should listen to it.
I am pretty sure Coinbase used to be a btc/usd only exchange and if they could do it in the past, they can do it now. The regulators will be happy, the bitcoiners will be happy, the baldy will get to keep his business… win win win for everyone (everyone but shitcoiners)
|
|
|
|
|
Over 150k? Wtf? The company has almost $5 billion in btc, that’s a very big number. Hopefully they won’t sell this in the short term and hold them for long long years so they can make great profits in the future. Imagine how much money they will make when bitcoin goes above $100k, that is more than $10 billion in profits. (As far as I know their entry price was around $30-35k) The good news is, small time holders like us will benefit from their holdings too. It is a win/win situation for everybody.
|
|
|
|
|
Russian Ruble is a scam just like the USD. Back in the 70’s USD defaulted too when they removed the USD from the gold standard. Right now every FIAT currency is a scam because nothing is backing them. The central banks can create FIAT out of thin air unlike gold which you need to work hard to get it from the ground. Don’t be so hopeless though, every FIAT currency in history failed and that means any FIAT currency in existence right now will also fail.
|
|
|
|
Been asked a couple of times, what problems does cryptocurrency solve, and what’s its unique value proposition compared to other cryptocurrencies or traditional financial systems. Would love any other users take on this ..
Yes it does solve lots of problems. First of all, you can sell and buy (mostly) digital products with crypto. You don't need to use credit cards... That's important because maybe you are going to buy a pronhub subscription and you don't want the banksters to know about your sex life. You can do this with crypto and still stay anonymous. This is probably the best feature of crypto, privacy. It is like cash, but digital and anonymous like cash too. |
|
|
|
|
Why don’t the UK and EU use batteries and windmills? I thought oil and gas were bad especially when the seller is Russia… Buying and using oil (and from Russia!) is against the Western values. Some may even call this “treason”. The Europeans should eat vegetables and drive golf carts only. Meat and oil are for the undeveloped parts of the world.
|
|
|
|
|
Wow I just saw the news. Kucoin was probably the only fairly big and popular exchange that wasn't enforcing KYC on its users and now they are gone too. Nowhere to run or hide anymore, crypto exchanges became just like banks. They will know the identity of every customer they have and that'a against the fundamentals of crypto. Crypto means freedom and anonymity and these pro-KYC exchanges are not. People should learn to use decentralized exchanges like bisq asap. (don't waste your time on the pseudo/fake decentralized exchanges) R.I.P. Kucoin it was a good ride.
|
|
|
|
|
Nonsense. You can definitely become rich. However doing it from zero to hero is pretty difficult. Family plays a very important role here. If you have a middle class family with kids less than 3, it is not impossible to get rich. You just need to play your cards right. If you get high grades and go to a fairly good college, start a business or have a good paying job (like being a doctor), you can become rich in less than 20 years. If you are lucky, you will have enough money to get retired in your 40's, if not you will work till your 50's. As you see age is an important aspect too. Being rich in your 20's and 30's is a lot more attractive than getting it in your 50's. You just have to start thinking about all that while you are very, very young.
|
|
|
|
Maybe you know already: we have good coin and we have bad coin. While Bitcoin is very good coin, TRON is bad coin and here is why:
- TRON didn't achieve any additional technological advance compared to existing coin
- TRON is only launched because Justin Sun hates Vitalik Buterin and Ethereum
- Justin Sun failed to compete against Ethereum. Ethereum is much better, has much better technology and better developers
- Justin Sun just SHILLS his shitcoin TRON instead of implementing a better technology
Everyone should know, how fraudulent TRON really is.
Avoid bad coin like TRON.
None of these points you mentioned makes TRON a scam. I know at least one use case where TRON beats ETH and it is withdrawing USDT from binance. TRON has the lowest USDT withdrawal fees on binance where the other projects rip you off. I am not really a fan of TRON and I don't hold any but that doesn't mean it is completely shit. Some people like me benefit from TRON's low fees. If ETH wants to be the king again, Vitaliq should find a way to lower them network fees. |
|
|
|
|
People should do whatever they works for them. You shouldn’t lose your bets just because somebody else placed the same bets with you but there is a catch here… If sharing your bets affects you emotionally in a bad way, then it will make you place shitty bets and you will lose money because of it. Let’s just say maybe this player doesn’t want other people to be freeloaders. He spent time to do his research, why would he let anybody copy his bets? And maybe, when he shares his bets, this thoughts affect his betting process. So maybe he is actually doing the other guy a favor by not sharing his bets.
|
|
|
|
Every day, thousands of memecoins are launched, and unfortunately, around 95% of them turn out to be scams. This scam epidemic is affecting many people, especially newcomers who lack experience and are more vulnerable to such scams.
The issue arises when newbies join the crypto space and fall victim to these scammers, leading them to blame all of crypto as a scam. While some memecoins have indeed damaged the reputation of the crypto industry, others have achieved incredible success, with values skyrocketing by 100 or even 1000 times.
For beginners, it's advisable to steer clear of memecoins. However, if they still want to get involved, they should consider investing in memecoins listed on reputable exchanges, even if it means earning lower profits. One example I follow is Bitget's memezone, where memecoins may not be listed at the start of their project but get listed at an early stage. Unlike DEX, these platforms provides more security, reducing concerns about being unable to sell,or removal of LPs.
I think it is quite the opposite. Memecoins are actually making crypto even more famous among the youngsters and that's obviously not a good thing. Lots of young people started their crypto journey with dogecoin probably. If dogecoin didn't exist, these people would never know much about crypto. Don't focus on the prices too much, yes climbing prices are a part of this game but the network effect is far more important and dogecoin brought lots of people in. I think there are some good memecoins and the absolute best of them is obviously dogecoin and I don't have any problems investing in it. |
|
|
|
|
Show Posts
