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941  Bitcoin / Bitcoin Discussion / Re: Very Good News Argentina Cryptocurrency Holder on: November 20, 2023, 08:11:47 AM
Bitcoin-friendly  Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa. With almost 99% of the vote counted, Milei won over 55% of the votes with a nearly 3 million vote lead according to Bloomberg data.

Source

We need to wait and see, remember the politicians are good in promises but not in doing it better, while He is a Bitcoin lover then are we expecting something like what had happened in EL Salvador?

because this is what mostly to happen if He is true to his word and seeing Bitcoin will help their country to recover from falling.
But happy to hear another president will have good act for our precious bitcoin.

This possibility cannot be ruled out, because during election times , to win people's trust, they are willing to do anything to achieve their goals . Many politicians make great statements during the election campaign, but when they become president, they fail to deliver on their promises.

Anyway , this is welcome news for bitcoin investors in Argentina. And I hope he will not only be more open to bitcoin but also be able to help Argentina escape their country's current crisis. As far as I know , the inflation situation in them is getting as bad as in Turkiye.
942  Economy / Speculation / Re: Is Bitcoin Bear Market over? on: November 20, 2023, 08:05:23 AM
Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

This gain in price recently probably happened because of this reason

https://cointelegraph.com/news/javier-milei-wins-argentina-presidential-election

With more positive news expected in coming months, we will only see upside from here in long term.
This news was just announced today while bitcoin's recovery and price increase has lasted more than 3 weeks. Furthermore, this will have a positive impact on investors in Argentina, but it will not have any impact on the market, Argentina is not a large market or a large influential economy affect the market. The hype over the past few days is due to news related to ETFs but also congratulations to Argentine investors because Javier Milei is a very bullish president on bitcoin.
943  Bitcoin / Bitcoin Discussion / Re: Is It Late To Invest In Bitcoin? on: November 19, 2023, 03:27:18 PM
If you're going to listen to those self proclaimed experts, you're never ever going to have a bitcoin investment because of their mindset.

It's never too late to invest in Bitcoin, as long as it is still pumping and dumping, buying at the dip is the key for you to start your investment journey. Research on your own, don't listen to a YouTuber's opinion, decide for your own based on the results of your own research regarding about Bitcoin and other cryptocurrency.
  I believe that the prices are going up because of “irrational exuberance,” that is, people flocking to make a profit before it’s too late. However, I also believe that bitcoin has intrinsic value and my estimate is that in the long-run, when all adjustments have been made and everyone has plenty of information about what bitcoin is, the value would be about $150K. I came up with this number assuming that bitcoin will be a perfect substitute for gold. So, in the end, the value of bitcoin will be set in such a way that you’re indifferent between holding gold or holding money.
   Investors have been flocking to cryptocurrencies during the pandemic-driven volatility on global stock markets. You can’t just help but consider investing in cryptocurrency especially now that bitcoin is getting all the attention and is on course to surpassing its ATH.

But I don't understand, why when bitcoin reaches $150k, it replace gold . How exactly will it supplant gold, and in what domains? These assets serve distinct purposes and are fundamentally different , why do they compete and replace each other?

Bitcoin is getting a lot of attention from all over the world and it is becoming a global phenomenon . But what's interesting is that the proportion of the population investing in it is still less than 10% of the global population , so it would be a bit of an exaggeration to say that it will be an option to replace gold or any other financial market. It will happen but not now , not in the next bull season, we need more time to get there.
944  Other / Beginners & Help / Re: Massive influx of scammers activity during the bull season. on: November 19, 2023, 03:01:17 PM
For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many  factors that posses these results of losses.

It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
i think there is no other reason than we become too greedy during the bull season . If we don't want to be scammed, we just need to do one simple thing, restrain greed, stay away from new projects , stay away from projects that promise to bring x100, x1000 quickly. Just do this and focus only on bitcoin, I bet you you will never get scammed. But if you are still greedy and still want to make money from altcoins , you should not blame any project because it is your greed that is causing it, not someone else's.
945  Economy / Speculation / Re: Timely Halving Event and Bitcoin ETF a Positive Bombshell on: November 19, 2023, 02:52:13 PM


Regarding the events already mentioned, there is no doubt that BTC has a positive future ahead of it. However, Bitcoin halving events have a weakening effect with each cycle, so Bitcoin ETFs have a larger impact on BTC than "halving" events when accounting for inflows and outflows.




I disagree with this, the halving event is always the biggest catalyst and has a positive impact on the value of bitcoin because the supply will be halved after 4 years. I guess you are referring to the fact that bitcoin no longer brings profits of thousands of percent, or x10, x100 like many years ago. And you're blaming the halving but that's wrong thinking because even combined with ETFs, it won't help bitcoin give you x100 returns. Bitcoin has matured and become big so it is normal that it no longer grows thousands of times, but in return it has become safer.

Furthermore , although it no longer brings large profits, profits from bitcoin are still more significant than investing in gold and real estate.

The supply isn’t actually halving. Only the miner rewards are getting halved. That means the inflation rate is dropping, less new btc will be issued for the next 4 years.

I agree with you on bitcoin’s future potential price changes though. Those volatile days are over indeed. No more x100 price rises… Even a x10 rise seems nearly impossible. X4 or x3 seems like a more realistic expectation for the next bull run. And that will easily carry bitcoin above $100k which will make so many people happy without a doubt.

Yes, that was my mistake, halving will reduce the reward for miners, it will not reduce the bitcoin supply , which is still 21 million bitcoins and will be fully mined by 2140.

Bitcoin is no longer an investment that helps us get rich with a small amount of capital , but it is still an investment that brings significant profits and helps us increase our assets. People who want to get rich with bitcoin with little capital need to really wake up and have a more realistic view . But I hope this won't disappoint many people and look to altcoins as a solution . Because altcoins are very risky and most of them are just scams .
946  Economy / Gambling discussion / Re: ⚽ UEFA Euro 2024 in Germany ⚽ - Qualifiers on: November 19, 2023, 03:12:48 AM

Croatia got an important win vs Latvia while Wales got a draw vs Armenia letting Croatia in the second spot and almost qualifying once they secure a point or wait for Wales to lose vs Turkiye in the next round. They ruined their chances badly this season.

Yeah it's not over yet there are still 3 matches left I mean there are still 9 points up for grabs while Wales is only 2 points behind Croatia, they can do something towards the end of the group stage. Wales opportunities will be even more open if they can draw against Türkiye especially Wales will play at home, support from fans will help increase their self-confidence.

The match ended in a draw, so nice. That is bad news for Wales. Because I think now Croatia is going to take the chance to get ahead of Wales. And this does mean that Wales might actually fail to qualify. Turkey is in the first position and they have a lot of points advantage. They are on 16 points. Wales is on 11. Croatia will surpass them now, that is my prediction. Armenia and Latvia are probably gonna be out. They are at the bottom. They are also nowhere near the points that they will need to qualify.
947  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: November 19, 2023, 03:04:51 AM
I hope they will be able to win their next two matches or gather some points that will give them a qualification to the next round. I respect them for their good performance and I wish to see them qualify for the next round of the competition.

It will be difficult because in the next match they will face Paris Saint-Germain who are playing at home, we all know the quality of PSG when playing at home, of course the role of their fans will have a good impact. Then, on the last matchday they will face AC Milan, even though they will be playing at home, for some reason I doubt that they will get a good result. If they only get a draw against Borussia Dortmund in their last UCL match, I still have confidence that Newcastle will be able to qualify from the group stage.
Paris Saint Germain and AC Milan are strong opponents for them, and it will certainly be very difficult to beat them. Against Paris Saint Germain they will be the visitors, of course it is a pressure for them, but they armed with a victory in the first meeting and it will be a motivation for them to beat Paris Saint Germain again.
Against AC Milan they will be the host, they must use it well to put pressure on the visitors, they also have a draw at the first meeting. thus they have the opportunity to win the match, even though it is difficult.

It is going to be hard for Newcastle united for sure. But they do have a chance. They will obviously have to win all the matches they have left and they will also have to count on others to lose for them to actually qualify. And the teams they are going to be facing are also not easy opponents at all. So i believe they are probably not going to be able to qualify. But as long as there is still a chance i don't think we should reach a conclusion. After we see the match against PSG i think things are going to be more clear.
948  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: November 19, 2023, 02:51:08 AM
I don’t think Ten Hag will be worried about losing his job at this time in the season. Results are turning in their favor whether we think it’s impressive or not. The champions league may be the deal breaker, it will be really bad if they are knocked out of every competition. That will be a red flag for ETH to leave. Jim Ratcliffe will be looking to make some changes to the club, he has already told Ten Hag to sort his issues with Sancho. It’s left to Ten Hag to bury the hatchet with Sancho and do his best to assure the new owner of his ability to deliver
Erick Ten Hag is just very lucky that Manchester United is not a club that is known for sacking managers easily, if not Erick Ten Hag could have been sacked by Manchester United. I see no good results turning in his favor because Manchester United's last two matches in the Premier League were against Fulham and Luton who are not even playing well in the Premier League, but Manchester United finds it difficult to beat these clubs easily. These are clubs that Manchester United should have beaten with a good goal difference.

I can't agree with this. Manchester united was always sacking its coach when club has been facing several losses in a row. Ten hag is still up and down. Sometimes the club is playing better and sometimes it's not. The upcoming games will be easy game for united to gather 6 points but the hard fixtures is awaiting manchester united after that. I think that there will be some changes to be made by sir him once he will come to the united. I can't wait the big changes to happen with united.

Ten hag will be sacked if there will be no improvement to happen with manchester united. United has been confirming the club will not sack him in a short time but i think that this depends on the result of united in UCL.
failed in helping MU to pass the group stage will become the main reason why manchester united must have sacked ten hag then try to replace him with a better candidate. This is a sense reason to sack him from being an appointment for united.

Pokapoka124, Manchester United was able to perform well against two teams in the last two matches. But I think we also have to keep in mind that the two teams that they have played against in the last two matches, they were not really top level teams. They are literally fighting to stay out of the relegation zone right now. And I am definitely not convinced that they are going to Continue this good performance against bigger opponents as well. If anything, they are probably not even going to be able to draw against bigger opponents.
949  Economy / Speculation / Re: Timely Halving Event and Bitcoin ETF a Positive Bombshell on: November 18, 2023, 01:29:12 PM


Regarding the events already mentioned, there is no doubt that BTC has a positive future ahead of it. However, Bitcoin halving events have a weakening effect with each cycle, so Bitcoin ETFs have a larger impact on BTC than "halving" events when accounting for inflows and outflows.




I disagree with this, the halving event is always the biggest catalyst and has a positive impact on the value of bitcoin because the supply will be halved after 4 years. I guess you are referring to the fact that bitcoin no longer brings profits of thousands of percent, or x10, x100 like many years ago. And you're blaming the halving but that's wrong thinking because even combined with ETFs, it won't help bitcoin give you x100 returns. Bitcoin has matured and become big so it is normal that it no longer grows thousands of times, but in return it has become safer.

Furthermore , although it no longer brings large profits, profits from bitcoin are still more significant than investing in gold and real estate.
950  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not perfect, and that's okay. on: November 18, 2023, 01:17:04 PM
-snip-
Bitcoin is not perfect and we don't need it to be perfect, I can see many people complaint about it's transaction fee, well I am affected as well, I can't send my BTC to any exchange and I will have to wait till the amount I want to send is worth the transaction fee.
For those Bitcoin haters, it will be a reason not to use Bitcoin.
Even though Bitcoin does not always experience network congestion, it is only because of the effect of Ordinal BRC20 that the network has many transaction queues.
I was even stuck on the network for more than 20 hours.

But, seeing how Bitcoin performs, what coin can match Bitcoin?
It all depends on how Bitcoin moves and if they say their network fees (other than Bitcoin) are cheaper, then see how bitcoin impacts when Bitcoin starts to leave them or when Bitcoin crashes, of course, Altcoin will crash heavily.

Bitcoin will continue to grow and that's for sure.
To get cheaper fees, you can use the Lightning Network and that is the current solution.
But as long as the Main Bitcoin Network remains stable, the cost is still quite cheap and it is worth it with how Bitcoin develops and provides benefits.

Not only are transaction fees high, if comparing transaction speeds, bitcoin seems slower than other altcoins and other disadvantages. But that doesn't mean bitcoin isn't worth using and investing in. Because nothing in this world is perfect, everything has pros and cons. Bitcoin is slow, transaction fees are high, but in return it gives us privacy and safety with its decentralized nature. Meanwhile, no altcoin can provide those things and more, what we need is decentralization.

To be honest, high transaction fees sometimes affect me but I can wait for better fees, but once my privacy is lost, I will never get it back. So even though bitcoin is not perfect, I would still choose bitcoin over altcoins.
951  Bitcoin / Bitcoin Discussion / Re: An easy approach to Bitcoin on: November 18, 2023, 01:01:27 PM
There you go. Once again, there is another thread about how you can teach your kids about Bitcoin, and people started using the Learn Bitcoin word, and I started getting notifications. Can't we search if a similar thread was created before or not? Most of the time, we discuss the same thing we discussed a few weeks ago.

This is not the first nor the last time. We are going to see similar threads in the future as well. Can you guys please pay more attention in the  board before you create another thread to discuss same thing?

I bet you that people won't waste time searching for things they need to know but will instead create a new topic and ask questions because it will be faster and they can directly participate in the discussion . But what I see is that OP still hasn't responded to everyone's opinions on his topic  Grin Grin. But the interesting thing is that this topic really causes a lot of controversy and has never stopped, there are still two opposing sides when it comes to teaching bitcoin to children. And you, do you support or oppose ? As for me , I am against teaching bitcoin to young children in any form.

But it's not too bad to show them a cartoon about bitcoin, because I know they don't remember it and bitcoin when you show them a cartoon they love  Wink Wink.
952  Bitcoin / Bitcoin Discussion / Re: Bitcoin and it's 4 Year-Cycle on: November 17, 2023, 04:12:11 PM
If it would have been this easy then everyone would be rich by now. Many people know about the 4 year cycle but fail to buy and sell at the right time.
The 4 year cycle would have worked in the past but it does not guarantee that the same would happen in the future.
Although I beleive that bitcoin will break it's ATH again but I don't know if it's gonna happen in 2025 or earlier/later.
I just beleive it will happen and keep happening but the timelines cannot be predicted accurately.


When it comes to the future , no one has a crystal ball to know what will happen. I also thought about that scenario, when everyone knows about the cycle, things have become easily predictable and are more likely to change . But that's just our suspicion and we have evidence for that too. So I think, let's keep things simple instead of making things more complicated , and to make things simpler, we should continue to believe in history repeating but don't forget to prepare yourself worst case scenario plan. Always having a backup plan is something everyone should have.


953  Bitcoin / Bitcoin Discussion / Re: Bitcoin is King on: November 17, 2023, 03:48:09 PM
After many years, Bitcoin is King.

1st place should always remain the true number 1. I think if it happens that Bitcoin are on place 2, BTC maxis will sold their altcoins to shoot Bitcoin back to number 1. If the acceptance of other countries continues, then they will go for the most important and valuable coins first, which means Bitcoin will always be there. So feel free to continue the list for many more years and always put Bitcoin at number 1  Wink

But if that happens then we need to consider what the cause is. Because if there really is a coin that surpasses bitcoin it is because it is better than bitcoin then even if BTC maxis sells all the altcoins to push bitcoin back to 1st place they can't do it forever. But this situation is almost impossible because 15 years have passed and there is still no coins that can put pressure on bitcoin, let alone dethrone it. The future is unpredictable, but in the near future it will be very difficult for anyone to replace bitcoin's number 1 position.
954  Bitcoin / Bitcoin Discussion / Re: Chances of Bitcoin ETF approval gone up on: November 17, 2023, 03:39:52 PM
Currently, 12 applications for a spot bitcoin ETF are pending before the SEC, and the markets regulator is expected to issue a ruling as soon as November 17.

But, November 17 is today, right? It'll be real interesting to see what the SEC decides before the next deadline.   People in crypto land are definitely on the edge of their seats about this!

However, I agree with Beparanf. Even though some folks seem to think the SEC is maybe warming up to the idea, that don't automatically mean they're gonna say yes to these things.  The chances do look higher for approval though since the companies probably learned from past rejections and changed their applications to match what the SEC wants.

I think SEC approval of an ETF is almost inevitable, but the question is when they will approve it and make a final announcement. Today is November 17 and everyone is waiting for the verdict from the SEC, and if you look at the market right now, you will see that the market is also a bit negative. I believe that if they continue to delay, we should not be surprised . I also read yesterday that the SEC postponed a decision on Hashdex's Bitcoin ETF proposal. So I don't have much hope if they continue to delay the remaining proposals today and tomorrow.
955  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: November 17, 2023, 03:34:25 AM
Of course Ancelotti was very furious with this news, because Real Madrid is also currently not in a good situation in the La Liga standings, they are below Girona who can still make a surprise. Also, the points gap with Barcelona as Real Madrid eternal rival is also not far, so Real Madrid really needs lots of winning. Aurelien Tchouameni, who is the best option at there, is injured too. But Even so, Real Madrid still has other players like Fran Garcia, this young man is actually quite talented and I think seems very suitable to replacement Camavinga for awhile.
The La Liga match is still quite far away, and with the current conditions, Real Madrid still has a chance to take first place and overtake Girona's position because there is only a difference of 2 points, and that is very easy for Real Madrid to get. In the next match, Real Madrid must win to take the top position in the standings, and I am sure Real Madrid will win because the opponent they face is Cádiz CF, which is an easy opponent to beat.

I am pretty sure that eventually, Real Madrid is going to overtake Gerona and be in the first position of the table, if not, both Real Madrid and Barcelona does that. Hope that Barcelona is going to be more consistent to actually be able to get ahead of Girona. Real Madrid looks to be more stable in terms of performance while compared to Barcelona. So I think I can confidently say that Real Madrid is going to do that for sure. For some reason, I think Girona is currently performing like Bayern Leverkusen of the Bundesliga. Nobody actually expected them to be at the first position of the table, but they have surprised quite a lot of people.
956  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: November 17, 2023, 03:00:28 AM
These four teams have point difference with each ranking only separated by one point, while there are still two matches remaining and from here it will show very tight competition because for example, Newcastle is at the bottom with 4 points and when they get two win in clearly have big chance of qualifying.
Likewise Dortmund and PSG, who are currently in first and second place, are also under pressure to maintain this ranking so that they remain candidates for teams that can qualify from Group F.
Initially I thought PSG and Dortmund were the two most dominant candidates to qualify, but now seeing what is happening there will be big change where uncertainty is presented in the next two matches, group F is really the most difficult group so far.
There is some truth about every team trying to win from the start and now we can feel how fierce the competition is between the top teams.
The teams in Group F still have the same chance of qualifying for the next round. The remaining two matches will change their fate if they manage to secure 3 points in the next match. As you said, from the start they performed brilliantly by winning but in the end they failed and that was the fierce competition that occurred in Group F.
These four teams still have a chance and I think we will see until the last round to determine who will qualify for the round of 16.

AC Milan was also very underestimated before, but when they managed to get 3 points against PSG, it opened up their opportunity to qualify for the next round. For Dortmund, they are more efficient in reversing the fact that previously they were in 4th place and now they are leading the standing. I want to see Ac milan and Dortmund successfully qualify for the next round and Newcastle united and PSG will compete to take 3rd place in the European League. It would be a big surprise for me if that happened.

I will say that probably the chances of Newcastle United are decreasing. They are at the bottom of the group. So it is going to be hard for them to do something in this situation. But that does not mean they don't have a chance. Actually, every team has a chance in this group. They only have one point difference compared to the team that is above them in the group. I thought PSG was going to qualify pretty easily from this group. I also thought that they were going to be in the first position. But that didn't happen. And I will also say that the inconsistent performance of PSG has actually given the other clubs a chance. I actually thought that PSG finishing in the first position in this group was going to be like default. But that also shows that anything can happen when the competition is good.
957  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: November 17, 2023, 02:32:13 AM
In this case, it is worth waiting for the start of the match, but I think that this will not bring much clarity, since I expect that the teams will start this match carefully and most likely Juventus will not allow Inter to dominate, so the game may be equal. I would probably even rather skip this match because I can’t determine the favorite in this match, I don’t exclude the possibility of a draw, for Inter this would not be a bad result, since it would allow them to maintain advantage and stay in the top.

The careful playing of both teams will also provide another choice for bettors, we can choose to bet on the O/U bet and choose goal over. Whatever the circumstances, it will be a win-win solution for bettors, but you must remember that bettors must be patient and continue to pay attention to the match.


Juventus is going to play this match more carefully and defensively compared to Inter. Because they are going to be cautious about their opponent scoring so many goals this season so far. And I think Inter is going to try to do the same thing again in this match. But that might expose the back line of the Inter team against a good team like Juventus. So they gotta be careful. I think both teams are going to start the match being careful. Once they figure out what the other team is doing they will start to attack and exploit the weakness of the opponent.
958  Bitcoin / Bitcoin Discussion / Re: Treating bitcoin as a teenager. on: November 16, 2023, 03:30:14 PM
Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.
Why do you think that Bitcoin will not update ATH soon? It seems to me that he is moving very confidently towards this goal, but maybe it won’t happen this year and maybe it won’t even happen next year, but I expect 2024-2025 to be the time when the bull market will come and at that time everything will grow.

So, in my opinion, we have to wait not so long and perhaps for us still waiting some corrections, because it cannot only grow constantly, but there is not long left until the bull market.

If you look as far as in the period including 2025, then updating all time high no longer seems impossible on the desktop. But in the near future, the price is too close to hitting the levels around 44000, which are the top of the current small trend. At the same time, if you look back a little, then not so long ago the price of bitcoin could not overcome the resistance level at 48000. Based on these figures, I think that the price will not be able to gain a foothold above 50,000 even if it breaks 48,000. And even if the society has a positive attitude towards the new year and Christmas, I think that the price may well fall no lower than 25,000.

If you are talking about short term this year or before halving then I agree with what you said. Even if bitcoin surpasses $50K this year, there is no guarantee that we are definitely in bull season and the price will never fall again. Given the current market situation, what is going on is just hype surrounding ETF news and I believe that once the SEC delays again. Everything could easily go back to where it started from like a few weeks ago. We cannot enter the bull season until halving takes place.

I think halving is overrated in terms of its impact on the market. He had an insane increase in the price of bitcoin just because no one expected it. But now society has noticed this correlation for a long time and growth is not so possible. Remember Litecoin - nothing happened when halving it. Precisely because everyone was waiting for growth. I think the market has one rule that is always fulfilled: to be as unpredictable as possible.

You cannot compare LTC's halving with bitcoin because their demand in the market is different. Even you, are you investing in LTC and believing in its future? But with bitcoin, I believe you have faith and are holding a more significant number of bitcoins. Not to mention, LTC is even undervalued than many other altcoins and its market capitalization is not comparable to bitcoin. Meanwhile, the entire market depends on bitcoin, bitcoin dominance accounts for more than 50% of the entire market capitalization...lots of difference. So, it cannot be said that just because the LTC halving did not bring any price increase that the same will happen to bitcoin.
959  Bitcoin / Bitcoin Discussion / Re: Some rich person not interest about bitcoin for following reason on: November 16, 2023, 03:04:47 PM
I don't think your friend have the knowledge of BTC because, there is no way you will know BTC and you will not show interest to know how it work to help people to make a good profits. Before he started his real estate business, I believe he tested it with small money that made him to were he is today, to have other investments that is bringing him profits that is making him to feel big man life in the environment, which BTC investment will even make him feel more comfortable through out his old age.

He is not the richest man in his State, I believe he can invest in BTC when the price is low to test the investment, if it can make him the richest man in his State or country because, there are many crypto investors that turned to wealthy men and women in their society through the help of crypto investment.


Everyone likes money and high profits, but not everyone accepts risks and likes strong fluctuations like roller coasters. Furthermore, if they have achieved their goals, if they have the life they expect, there is no reason for them to continue taking risks to put more pressure on them. Not everyone has endless greed, many people set a goal and achieve it, they will be satisfied with it instead of continuing to be greedy.

I also have a few friends who know I'm well off thanks to bitcoin but they've never been interested in it because they don't like its volatility. Furthermore, if in the near future investing in bitcoin brings me significant profits, enough for me to do other businesses, I will gradually limit my investment in bitcoin as much as I do now.

Everyone's thinking is different, people with money need security before thinking about making money, unlike many people with little capital who want to become rich quickly despite the risks.
960  Bitcoin / Bitcoin Discussion / Re: Disadvantage of bitcoin on: November 16, 2023, 02:53:34 PM
Both a bitcoin wallet and a bank account are at risk if the owner of the account is not careful enough. Anyone who is careless can lose access to their funds, irrespective of where the money is. In a centralised system, which is the banking sector, if I have money in my account and I'm careless with either my credit or debit card details and it gets into the wrong hands, and the person who has access to it is smart enough to know how to move out funds from my account, and he succeeds in doing that, does my money being in a bank account make it immune from being stolen because of my carelessness?

Both Bitcoin wallets and bank accounts need adequate security because any mistake could lead to loss of funds. OP is not concerned about losing your funds to hackers or scammers but his focus is not having access to your wallet because of loss of password or seed phrase. He is more concerned with having an option to retrieve passwords which conventional banks offer.


As I understand it, what Nwada001 wants to say is, if we are careful in everything from backing up passwords as well as securing bank accounts and bitcoin wallets. It is very unlikely that we will forget our password or lose access. Like me , I know that forgetting my password will make me spend a lot of time going to the bank to ask them to reissue a new password. So I'm always careful with those important data and never forget it. Likewise, we all know that if we lose the seed phrase, we will lose all our bitcoins. We are aware of its importance, I don't think anyone would be so negligent as to lose or forget it. We should be responsible for ourselves instead of relying on others when it is our property.
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