To be fair, AFAIK the changes in its consensus mechanisms aren’t supposed to make the transactions within the network cheaper or faster (which honestly bugs me cause why the fuck would you change to a much inferior consensus mechanism than POW if there’s no upsides), so you  can’t really count those changes as “quality of life” updates that you can rely on. I think as long as crypto’s a thing dizzying gas fees during high volume periods is going to be a problem that we’ll have to face. Just last week I withdrew my BTC, which is around 20 bucks, due to the issue with bitcoin’s transaction processing I only got 7 bucks back from that and I even had to wait 4 days for the transaction to push through. Absurd times but I guess we’ll have to deal with it as long as we’re here.

Lack of internet connection is definitely a problem that poses itself against the Massive adoption of bitcoin. But in my opinion, and I say this with pure constructive feedback in my mind, this isn’t supposed to be bitcoin’s fucking problem. The problem’s on your country’s end, with all these strict laws and ordinances that disallows you from even being able to use bitcoin or the internet for that matter.

Plus besides, just like what other people have said prior to this comment, there are multitudes of ways people can use bitcoin without the use of internet. Although those primarily only involve the storage of bitcoin and not the transaction part of the equation but you get my point. If there’s a will there’s a way, and it’s not crypto’s limitation to be over-reliant to the internet but it’s feature. It offers connectivityx internet is the best way it could offer the connectivity it advertises, that checks out.

You’ll be surprised to see how so much people thrive from being just at the right place at the right time. Elon Musk, Bill Gates, Steve Jobs, Mark Zuckerberg, and many other entities we praise for their hardwork and success, ultimately attribute luck towards the reasons why they are what they are right now. These people, whole smart, persevering, and industrious, wouldn’t get anywhere if they didn’t have the emerald mine, the Harvard degrees, and tons of cash to jumpstart their businesses. This basically solidifies the fact that luck plays a much larger role to someone’s success, more than what we don’t want to let out or admit.

Celebrities too! They wouldn’t really be right where they are just because they’re talented, they are there bdcause they are beautiful and handsome! Would you attribute that kind of advantage with “perseverance and strength?” I don’t think so!

It does. Been in the same boat as you once this year too! Bought my dream car from 2015 and I swallowed my heart after finding out it was almost twice as expensive now than it was back then. Of course, I was still able to buy it, but it took a lot of my savings more than I expected. This urged me to go big on investing and prioritize it over saving money. Because the logic is when you save money you’re just storing it it’s not compounding it’s not increasing in value whatever it’s just there. When you invest it however, your money essentially works for you, so there is a good chance for profit, and most of all investing it on appreciating assets like gold, silver and bitcoin means that the valuation of your money is secured with saving money that doesn’t really happen because all you’re basically doing is storing the representation of your money and not the value itself. So that’s basically the story of how I got around the inflation problem without risking letting go of delayed gratification.

Actually, you can, for the most part especially during bitcoin’s early days, a lot of people use various physical manners in order to store their crypto currencies For instance, you will encounter a lot of people in this forum, talking about using paper wallets which are essentially just your regular old papers with the private key, sad to see the Seed phrase scribbled onto it.  Of course, this is not as secure as current, physical and cold wallet that are for sale. But for the good part of bitcoins early days this did great. Now you can still use your regular old flash drives in USB sticks by just putting your private key and seed phrases on the text file, and then saving it. I personally use this method a couple years ago, but I stopped, because I tend to forget where I placed, and stored my flash drives. As a suggestion, if you are to use your flash drive as a  private key/seed phrase, repository might as well keep a copy of the text file that includes your private keys and seed phrases. Just in case you misplace your flash drive, so you always have a back up.

It’s gonna take a long-ass time before bitcoin even showed any semblance of being a stable currency. Right now its volatile nature is its most sought for feature, given the fact that it grants profits of immense value to people across the world. To rid bitcoin of its volatile nature means losing this profitability too, which I don’t need to tell you, will cause utter chaos and disarray amongst the people in this industry.

Besides, I don’t see the volatile nature of bitcoin becoming a hindrance to it becoming a global currency. Right now we can use it for currency stuff like sending money everywhere in the world, as well as payment for stuff on the internet. So what do we really need bitcoin becoming stable for? To receive favors from countries who wouldn’t accept it due to regulation issues? The drawbacks outweigh the benefits.

Did you tell him to do uis own research and weigh his options before jumping the gun? If no is your answer then I can’t really say you gave your friend good advice. What he invested is more than a month’s worth of paycheck. If he could afford losing that in one go then coolsies. If not then he’s in for a bad run. It’s really tempting to invest in bitcoin with the premise of high profits, especially when bull runs come. But you have to also keep in mind that its volatile nature had left millions of people around the world with busted savings and debts that they probably are still paying for now. So be smart, invest what you can afford to lose, have him weigh his options, and only by then will I consider your advice a great financial suggestion. It’s not enough to tell them that there are risks, you have to show them how risky it could be.

Soon as a financial crash happens, banks are the first to suffer its detriments. If you are keen on losing your money in arguably one of the most important times you will ever need it in your life, then go! Invest in a bank and let’s see how things go for you. But if you are interested in keeping the value of your money even in financial crises like bank runs, financial crashes, and even war, then go invest it into commodities and assets like gold and bitcoin. That’ll guarantee that no matter what happens to the outside market, your money is safe and remains valuable, perhaps even after you die. So make your choice. Blue pill vs.  Red Pill your way out of this one and see for yourself if investing your money in a bank is the best way to go or are you sane and would go for the most logical option which is to invest it in gold and other forms of appreciating assets.

A little ironic that you're saying investing wouldn't guarantee you riches, and then start it off with saying that every investor should have a desire to get rich. Perhaps you're mistaking it for ambition. I myself of course wanted to become rich let's all be serious here. But it's just funny when the whole gist of your post is that not everyone of us here will make it out of the trading industry. In any case, I'll share a couple of things I developed in my few years as religious crypto-trader.

1. Timing: Know when to time your buys and sells. There will be clues and hints along the way, maximize them to your potential and do not be lazy
2. Learn: Just because you know how to read the chart doesn't mean it's all over. Investing is a lifelong learning process. There will be new disciplines and ideas that you may want to incorporate in your tactic, be on the lookout for the newest and most effective trading trends and ideas so you don't miss out.
3. Ask for Help: Sometimes being alone wouldn't cut it. Don't be afraid to ask people for help, as long as you don't abuse it and you reciprocate the gesture by being there for them when they need trading assistance and advice. It's a give and take situation, do your part.
4. Do not be lazy: Trading, no matter how boring it may look to an outside observer, is a dynamic and a fast-paced process. You have to always take advantage of timing, trends, and fresh market data to maximize earnings and minimize losses. If you snooze you lose.

Really why I hate stock brokers in general. To me they are all licensed scammers, legally allowed to steal money from you while you toil away until you die because what they're doing is apparently good for the economy. I wouldn't let them near my money if my life depended on it. As for the people that lost their money to these brokers, it is indeed true that the market is cyclical and there will be times when the market will be merciful to you and your investment. But make no mistake. As soon as you see the opportunity to liquidate your assets and jumpship from your stock holdings that they invest for you, do it. You can always invest in stocks on your own without their "expert guidance" anyway. So cut the middleman, learn the charts, and invest on it yourself.

Enough wind yes, enough equipment to get around and actually make it sustainable? No.

Which is also why it's a failing industry as we speak. Demand is so unrealistically low despite the fact that it's one of the most safest and most efficient energy resource out there by space covered alone. Sure you could argue that solar energy is more efficient and I would say it is but compared to wind energy it is far more underdeveloped for some reason. Feels like someone is actively undermining the progress to capitalize on the profit that fossil fuels and other non-renewable sources of energy provides, but I digress.

There has to be some way we could efficiently rally the use of more renewable choices over their more dangerous counterparts. We're running on borrowed time and if things don't get better until 2030-2050 we're fucked royally.

That's just sad in my opinion. I get where you're husband's coming from since like any other son I also love my parents to death, but at the same time this doesn't warrant you guys to stagnate your futures and stay in the country. I want what's best for myself and my family too, if I were in your shoes. How is the possibility of you guys all moving to a different country holding up (and I mean this as in you bring the MIL too)? Is it feasible? I know that will be more costly but at the same time that's the best shot you guys have if he's so indignant about taking care of his mom. Is it also possible for you to be the only one to move, and have him take care of the finances and the house back in your home country? If those won't work, drive a compromise.

I'm getting where you're coming from. After a hearty lecture like that you'd hope that every student that listened to you as well as their parents that listened to them talk about your lecture would be as accepting and receptive of what you're trying to sell. Sadly that doesn't work. You can't convince people by calling them a dick (or being angry at them because they don't wanna listen to you). In my honest opinion, the dad's correct. In legal manners only the central government could really decide whether a currency is legal and allowed to operate within their territories or not. Granted there will always be lengthy discussion about this but that's besides the point, the government has all the legal powers to tell the people which is right and which is wrong. Ever wondered why the US government was so confident about cracking down on bitcoin in the first place?

Although the change of currency system is possible, I don't think the US will follow through with this, not even if their country falls to shitter. Besides the cost, and the impending and much worse financial collapse that this will bring, they'd also be taking everyone with them. At least this is the case if ever US is to change financial systems.

For other countries, it's very much possible as what the other peeps have told, even if no public consensus was made, as long as you have enough reserves to back the value of your currency, much like what happened in China and their Yuan, you should be good to go.

As a former entrepreneur, I have a couple of things I'd like to impart for people who'd like to expand profit in their business without breaking the bank. Some of these tips I haven't tried myself but I saw be effective on other businesses, so there's that.

For one, you have to know who your target audience is, and capitalize on them. If you're looking to expand your business and its profits, you have to cater to a wider array of people. This will inevitably cost you money, so be sure to have the money to fork if ever you're going towards the expansion path.

If you really couldn't fork the money for expansion. Free marketing is a real thing. Right now we have a lot of stuff to use and abuse like Facebook, Twitter, and Tiktok. Advertise your business there by employing common marketing techniques and incorporating trends into your advertisement.

I hope this helps. The latter I used with great results, so I can vouch for its effectivity.

Gold's value isn't backed by anything. If anything it is backed by itself. The fact that we've been using gold since Humanity learned how to read and write is enough proof that Gold is here to stay, perhaps until the end of time. With that being said, I think no matter what the season is or what the current situation is of the world. Gold will remain valuable, and I could argue that since the dollar is consistently devaluing by itself, Gold will become more and more important especially for countries who have backed themselves to the dollar, at least to stop the domino effect that the impending Economic crash in the US is going to bring. Oil is not that valuable anymore, and if the statistical data matches real world values, may even become obsolete in the next 30-50 years or so. Gold however, will remain important and valuable.

For the most part, Exodus was able to explain the basics of why transaction fees surge upwards in times of high transaction volume. As with the others, I give them props for explaining it to the layman without diluting the technical mumbo-jumbo.

If in any case you're not good with the current fees, AFAIK the wallet/service allows you to set your own transaction fees which will notify you and carry out your transaction once the system detects that the current fees match what you have set. I'm not really a big user of Exodus but with the little google search I made this is what came up. I hope it helps.

This could be a good guide for you: How To Change Bitcoin Fee In Exodus

Imagination is definitely the first step towards making something happen. After all we are jere because we are imaginative, our species has come this far because we are inquisitive and smart enough to be curious and imaginative. And of course, planning wouldn't go anywhere if you don't do it. So with that being said, you also should make sure that whatever you imagine, important or not, you go out of your way to achieve and fulfill it. Otherwise you'd be sitting there collecting dust, and by then you wouldn't be considered imagining or daydreaming anymore. You're lazing off and procrastinating which is the enemy of progress.

Because of a couple of reasons.

For one, the Dollar which is the global standard currency is failing. Mainly due to the fact that they abused the fact that they aren't backed by gold anymore by printing more money than they can handle during the height of the pandemic. Which I see as a way to help julpstwrtbthe economy and help the Americans get by during a time of great need but it's coming back to bite them in their asses.

Another reason is the fact that we are in a global crisis. Wars left and right, economic and housing collapses left and right because of the pandemic and uncontrollable greed by tycoons and corporations, among many others. Every transgression made against the average joe is coming back to bite the people in their asses basically. The problem only being the fact that it also would affect us because well we use money for everything.

Pretty sure this man is a topdog in this community, and he's doing that because he supports bitcoin. Saw from another thread that he's been living off the grid with only bitcoin by his side too, which is why I humored his idea of buying bitcoin, albeit advising him to save a little for himself so he can still enjoy life. In any case, for a regular bloke, it still wouldn't make sense not to let them buy bitcoin even if it's as low as 50 bucks. The fees aren't that high as you're making it out to be (at least for now) and I think it's a good way to act as a gateway to the bitcoin industry, especially for people who are cautious with dipping their toes in the water for various reasons. So no matter what, I'd still advise them to buy bitcoin with as much money as they can fork, but for jetcash, yeah he's good he better have spent it or at least a portion of it on a nice dinner.