This question has been raised several times, and I have noticed that some people conclude that the lack of adoption is due to people not understanding Bitcoin or seeing it as a scam.
But I don't think the world still views Bitcoin as a bad thing today, though I know a lot of you thought that, but it is not the case.
I feel the reason for the low rate of adoption is just because people think it's not for them. Bitcoin has been around for over a decade, and any thought that most people would have had about it being a scam must have faded by now.
But at the same time, if you look at it, Bitcoin is a risky business; if you invest money, there are two possibilities: it will either yield profits or losses. Many people today are not fans of investment, not to mention buying assets that heavily fluctuate in price. They would choose to save money earned from hard work, and a few might invest in low-risk markets, even though inflation is still eating them up.
So it would be hard for them to consider holding Bitcoin to use it daily.
Nevertheless, the community is still growing bigger 💗, and people's interest in Bitcoin and cryptocurrency keeps growing.
You mistake the change of a couple people's minds as a representative of the collective opinion of the people regarding bitcoin. A good portion of the critics still see it as a ponzi scheme, and well, of course there's a good portion of the population still quite ignorant about bitcoin's utilities and its benefits. I would not say the world sees it as a scam and neither would I say that it is a lack of interest but rather, I would say many people who have heard about bitcoin and are not indicating interest are just sceptical about it maybe due to their experience in the past with Ponzi, scams etc which made them to not put much interest but observing as events unfold it self.
I believe we all know that advertising is a key tool in getting a commodity to the consumers. If bitcoin is properly advertised im the sense that people are taught or told about bitcoin, I believe that Idea of seeing it as a scam would be dropped and people tend to take part in such activities when they see someone close or related to them doing it. That arouses their interest to learning and knowing more about it.
You just debunked your own argument. The people are skeptical of bitcoin's legitimacy? Well because they still think it's a scam. There's just no other reason behind it. Advertising bitcoin isn't enough. Proper education as well as word of mouth is what's going to expedite this adoption, nothing else. The more you artificially swoon people to choose bitcoin, the more they'd see it as a scam. |
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It's been awhile I try daily to make profit
Stake casino mostly mines
But it take back profit.. I have 2k balance.. is there method
To get 100 $ per day
you can't. You'd die trying before you can even make a whole week's worth of consistent winnings let alone a cumulative win of $100 daily. That's just ridiculous and something you shouldn't go for when you're gambling. There are more people like you than you know who thought once that they could cheat the system and go home with a net win, only to fail miserably and become penniless in a short span of time. If you're looking for consistent pay, why not find a job? Or maybe monetize the hobby you've been wasting your time with. Do something productive. Gamble only as a form of pastime and entertainment and never as a means to replace a full-time job. That's a fucking death wish if I do say so myself. |
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I can't picture anyone getting addicted in the medical sense over investing. Shit's stressful as hell and if I have a cchoice (which is a million dollars getting handed to me with no conditions) I'd pick the latter. You could argue that this could get into people who are considered as workaholic but I wouldn't agree over the simple fact that these type of people would always choose the most difficult tasks (correct me if I'm wrong) over monotonous and stressful ones.
In any case, Do all things in moderation. If you think you're becoming more and more prone to addiction, steer away from what you're currently leading into and do your best to seek hell and assistance so you can get back on the right track.
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If it does get to that price, which it will I firmly believe so, you can brt your sweet bippy I'd ball out and enjoy my earnings. Prolly treat the girlfriend to a nice dinner and all that.
As for my financial plans for when bitcoin reaches $100k, I'll keep a good portion of my investments in bitcoin in case it continuously increase like it did back in 2020 when everyone thought bitcoin was done with 30k. The rest I'd put on some real estate, as well as a couple of other commodities that I've been meaning to get my hands on. Still got long ways to go tho, and botcoin wouldn't reach $100k all by itself so cumulative effort is required if we are to even wish to stand a chance at getting in such a high value.
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So basically, they are projecting upon you their deepest insecurities and all the shitty things that their stupid mental is making them feel every time they gamble. They felt like you are higher up than them since you make money out of your craft while they themselves scramble for luck. Unless this discussion sprung from a discussion/argument between you guys. In any case, no matter who started who I'd side with investing over gambling. Investing takes time and effort as well as years of honed skill and discipline to be somewhat good at it. Gambling takes no skill to learn and lose from (lmao), and most of all nothing but a way to past time and spend disposable money with.
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Getting exponentially worse by the minute. Agriculture is getting shittier by the day, with more farmers' whose human rights are violated in more ways than one, courtesy of Private Business Entities forcibly and extortionately buying off land from farmers for commercial use. Tariffs on all exports and imports, government favoring the export of rice instead of actually helping the poor farmers by providing them own lands to till and technologies to improve farming. Price of every food item increasing to the point that a single cheap meal back in 2019 is almost double the price now. And more awful things that I wouldn't include here.
It seems like this is a global issue but for countries that are agricultural like the Philippines, this issue presses the country most than what most people like to admit. Things aren't getting any better and the government is not doing anything to help the very sector that keeps the whole country alive and well-fed.
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Take that 50£ and ask a girl/someone important you out for a nice dinner. Enjoy life and have a laugh because in the process of always trying to make money we often tend to lose important people around us. Lets be realistic because investing that 50£ in cryptocurrencies isn’t really gonna help you tremendously. Go have fun outside and i bet that money will be worth much more than 1£ or 2£ profit you make in 6months on cryptocurrency.
Agreed. Live a little my friend! I've seen your posts and you seem too invested in bitcoin and all its shenanigans (which is not wrong, I'm not trying to tell you how to live your life) but I guess it wouldn't hurt to take yourself out for a nice break every now and again, to maybe relieve yourself of all the stresses that you may have accumulated over time. If that still doesn't sit well with you, bitcoin maximalist as you are, You could stand to buy bitcoin with a portion of the 50 you won and the rest you keep for yourself. That way you'd have some money to ball out while the rest you put back into your system of investments and watch as it grows. |
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A couple of things I guess.
Exchanges messing with the peoplebwith their horrendous "approximate" fees and transaction times. More and more people investing in bitcoin because somehow they caught wind of the bull run happening soon, perhaps because of Ordinals, which consequently also deserves another spot on their own because as much as people hate to admit it, they are controbuting to the transaction volume and therefore are a good reason why the fees are high too, and because of other reasons I don't know.
I think this is good really. Save for the fact that it's mad annoying to deal with and a little unhelpful at times especially if you're running out of time, but for the most part high transaction fees and volumes come during times of great prosperity in bitcoin, so it may be a stretch, but these could be telling us something you know.
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Bitcoin will surely lose some value during times of great crisis, is what I would say in 2019, before COVID and that god-awful Territory wars within Ukraine and Russia. Judging those two conflicts and bitcoin's price during those periods, I would say that there's a good chance that it is going to rise up in value, after a really crazy drop of course.
Still, with no war of a global scale happening around today (And I hope not ever), we can't say for certain what's going to happen with btc. Some say the demand for it will drop down cause everyone's going to be so focused with keeping themselves alive and the cashflow running which makes sense, but at the same time the aftereffects of war (provided that a substantial amount of people are alive still and a good amount of them could use bitcoin) could also pose as a great way to jumpstart the economy and with it, introduce bitcoin as a bona fide currency.
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What worries investors of this industry is the tendency that this technology could be restricted to majority of countries because of regulation issues in particular with taxation procedures. Another thing is market volatility wherein investors are usually making mistakes with regards to their entry and exit points. However, we cannot reallily blame those people who are anxious and worried of Bitcoin simply because they have invested into it, and it is their money we are talking about. It is normal for them to feel so, what's not okay is to let their worries drive their actions, leading to permanent loss. We all know that loss during dumps are temporary and will only be permanent once you sell it. Problem is, we do have different tolerance in this market which makes their emotions valid.
Point made. Most people overlook the fact that bitcoin, regardless of how powerful of a currency/commodity it is, is still susceptible to regulations and outright barring of services within specific territories. Take for example China and their legendary move of banning bitcoin and crypto from ever being traded and used in their country. Right now I couldn't really say for sure if there are still miners in that country but they essentiallynwhittled bitcoin's chance of growing in China to zero. People are of course afraid of jitcoin losing calue and them losing their investments, I'm scared of it as much as the next guy, but a bigger threat is at bay. |
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Personally, and this coming a little bit from a place of abundance, I'd choose working on my own business instead of making someone else rich. Don't get me wrong, there's nothing wrong with going full-time office employment but the stress and the issues that comes with working for a corporate company, from the commute alone is already something that I'd have a hard time handling. So, for the sake of my mental health and my growth as a person who wants to own an established business/enterprise someday, I'd choose personal earning schemes like businesses and trading assets instead of toiling from 9-5, exhausting myself with the dangerous and stressful commute system of the country I live in, only to get paid peanuts in the process, albeit consistently.
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Pretty much a pattern if you'll ask me. Whenever there's high volatility you'd find that the fees surge upwards, soon as it stabilizes fees go down with it. Not really sure bout the nitty-gritty but I guess it has something to do with congestion of transaction within the network as it's expected that more and more people will buy and sell during these crunch times (correct me if I'm wrong with this). Add to this the expected surge of activity within the network courtesy of Ordinals and their shenanigans (which I am not really against since it's about time bitcoin gets its own NFT), and expect a pretty nasty increase in fees in the next months or so.
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Wouldn't really suggest blindly following people/influencers on the internet, especially if it's for something like investment advice or technical analysis. They have a tainted reputation of not only shilling scam projects that stole millions of dollars from its investors, but at worst most of them don't even know how to do it, they just throw bullshit jargons that newbies wouldn't understand to give the people a false sense of security that they are with someone knowledgeable, Those youtubers with "Candlestick chart with red circle thumbnails" type of guys, just like what Franky1 said. I suggest you take crash courses on how to learn how to trade instead of relying on these people. It pays to know for yourself which to invest in and which not to without depending on other people, especially shady and clickbaiting people on the internet.
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Pretty common question. Robbing of bitcoins are sensationalized by the media, and well of course because it's a billion dollar industry. Most of the time, robbing only happens when you provide the perpetrator with access to your stuff. Something along the lines of private keys, seed phrases. Once the hacker/thief gets this, it's over for your coins. In the case of centralized exchanges, they are usually stored in a concentrated place, so once the hacker gets access to this, millions of bitcoins will be up for grabs to them. Just like what always happens to Binance, at least annually (lmao). So how do you protect yourself from getting hacked and getting your bitcoin stolen from you? - Not your keys, not your coins: If you depend the safekeeping of your bitcoin to someone else, say a centralized exchange, be ready to say goodbye to it anytime as hackers could steal it from you, but the most detrimental thing that could happen is a bank run, which is what happened to FTX last year.
- Invest in your own security: Don't cheap out on securing your crypto, especially if it's a substantial amount. Buy a cold wallet, secure it, and only transact exact amounts whenever you're purchasing something using your bitcoin
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Idk man, maybe don't paint bitcoin as the jesus christ of investments? The problem is that newbies and people who just got in the business portray bitciin as some sort of end-all-be-all investment hack that could get people rich in a jiffy. That's just wrong and a surefire way to have someone hate you for life. Don't invest in bitcoin if you haven't done your own research, unless you wanna lose all your money after not timing the buy right. More so, do not tell people to invest in hitcoin if you don't even know how half of the whole process works. These people have their lives and financial stabilities at stake and could very well lose it just like OP's example.
TL;DR: Don't tell people to invest in bitcoin if you don't know how it works and only sees it as a way to get rich quick.
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However, it is important to be aware of the risks and possible fluctuations and to weigh the investment carefully before jumping into the Bitcoin mining adventure.
There are far more risks involved in such a "hassle-free passive profits' scheme" For example the risks here: The risk of NOT actually owning your mining hardware.and many more - the company you would buy the gear for might be a scam and not actually buy it and run with the money - the company claiming colocation might not pay you one cent from the earnings - the company selling you this investment plan might simply overcharge you and change the ToS to make your own money because of costs - the company assets might get seized like in the scenario above Also, it's highly possible that the company which claims to : JB GS Mining GmbH was founded in 2022 by Jonathan Buck and Gitte Schlappner. The two shared a passion for blockchain technology and saw the potential in bitcoin mining, hosting services, and financial and business consultingG. although the domain is 5 days old and might have cropped the datacenter's pictures from https://www.bitkern.com/en/bitcoin-miningwhich sounds a bit scammy to me.  Most of these "risks" as you put it are pretty much just either pessimistic viewpoints or things that could be solved by a little google search. In my opinion, Co-owning a mining hardware is just stupid. You basically wanted to own the profits with little to no risks of capital lost. Might as well stick to reputable pools and manufacturers. Don't gamble on your miner just because what you're seeing right now from godknowswhothisminingcorporationis.com is relatively cheaper than the market SRP. Buy from sources that are already established and are trustworthy, and in my opinion, don't co-own a mining hardware. The risks outweigh the benefits. |
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Here is my bold assumption. As the recent cryptocurrency prices continue to drop dramatically, the whole market needs a big time and force to embrace a new bullish period. As the US strengthens more regulations, more money is looking for a new place to flow into. Recently, Hong Kong held the Web3 festival to show their determination to build a crypto hub in Asia. The new rules and favorable policies on crypto will be implemented in this June. I firmly believe that as long as the new window opens, endless hot money from China mainland and all over the world will be flooding into the crypto market in Hong Kong. All cryptocurrencies will see a bull run for a while. By the way, our project FireDAO is in progress and please feel free to contact me should you have any inquiries.
Good inference, I think there's some strong reason as to why June could be crypto's month, we have the airdrop season, where multiple layer 2 projects offer coins in exchange for doing stuff for them in their own networks, as well as bitcoin believers just like that one guy said cashing out from when they bought btc in the 18-17k ball park. Whether this bull run so to speak is sustainable just like the previous bull run that ran for a whole year only to be watered ddwn by scandals and allegations of corruption. All in alll, good possibility, let's hope for the best anyway. |
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It's unclear why you would purchase Apple stock if you believe their products, specifically iPhones, are garbage. Investing in a company typically indicates a belief in its ability to generate profits and create value for shareholders.
Just because you're not satisfied with your iPhone doesn't mean everyone else is like you. People have different preferences and priorities when it comes to choosing a smartphone, and what works best for one person may not work for another.
To spite the company probably. Instead of giving them any more of his money, he's seeing an opportunity to make money out of Apple's success in the smartphone market by cashing in on a few of their stocks. A little counterintuitive to some but whatever works really. I would agree with you though. I'm an iPhone user myself and even though there are times when I find some of its controls a little clunky, for the most part I could say it's the most streamlined device there is on the market. Add the fact that it's also the most secure and you're getting so much quality of life benefit out of the money you pay them. Specs-wise, It's not going to be the best, as many Chinese smartphone developers and manufacturers already offer something better specs-wise. But as an established brand they could just get away with the most ridonculous things. |
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I always tell people to take precautions whenever they ask if it's good to invest on DOGE or whatever meme coin is selling like hotcakes right now. For one; they are overvalued and underdelivering, since they are memecoins and do not embody a certain niche of need in the industry. A great example of this would be Dogecoin. It made millions back then thanks to Elon's belligerent shilling but as it stands today, the coin's peanuts and the future's looking bleak if it could even reach their supposed price goal of $1.
So is it good to invest in meme coins? Id you're an early bird, yes. Otherwise just invest your money into something more secure, most memecoins nowadays don't reach tremendous price ATHs and even if they do it usually always immediately plummet down.
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There's some price correction going on with bitcoin which is the reason why it's gone down from 31k from a few weeks ago. Once it corrects itself we got nothing to do but to wait for the next pump. Props to you by the way for taking the time to learn how to read charts and not going down the lazy path of asking other people for advice and then blaming them when things go south. That at least puts the accountability on your end and helps you become a better trader too at the same time.
In all seriousness though, I'd advice you wait for bitcoin to hit its correction, and then buy soon as you get the chance. No rush, no need to be hasty.
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