The truth is that, depending on your plan, bitcoin may be either an investment or a gamble. If you're buying cryptocurrency with the express intention of becoming wealthy overnight, you're gambling. However, if you honestly feel that Bitcoin is the way of the future and that it will be there for decades, purchasing it now may be considered an investment.

It's preferable to take a long-term strategic approach to investing, regardless of where you decide to put your money. Don't buy something you won't be able to hold for at least a few years, if not decades. In the short term, cryptocurrency is incredibly volatile. However, if you believe in its potential, you may make a lot of money if it succeeds.

Even if you're investing in generally safe areas, there will always be some risk involved. However, becoming a successful investor necessitates taking measured and educated risks, and cryptocurrency is no exception.

Investing your life wealth in cryptocurrencies is unquestionably a risk. There are, however, methods for investing in Bitcoin in a more measured and secure manner.

Look I wish I knew who Satoshi Nakamoto is so I could share it with you, but the identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of hundreds of other virtual currencies collectively referred to as Ripple. Etc.

Bitcoin is powered by a technology called a blockchain. To understand Bitcoin, you must understand a little bit about the technology in order to make a wise choice for your investment strategy.

A blockchain is a public database that shows all transactions, with user privacy protected by “cryptography”.

There are many types of blockchains, and many types of coins.

Since Bitcoin was created, there have been hundreds of more coins brought to the market, many of which are cheaper, faster, and more efficient.

For example, Litecoin processes at 56 transactions per second. Newer faster blockchains like EOS can process hundreds of thousands of transactions per second.

In terms of utility, Bitcoin only processes 7 transactions per second.

So you may be wondering, why is the price of Bitcoin so high?

There are lots of reasons, such as the fact that it was the first coin, it has brand recognition, and you can use to buy services on some internet websites.

But other coins like Litecoin and Bitcoin Cash are catching up.

You're wrong. Bitcoin is a global monetary system function independent of any central monetary authority and is based on blockchain technology. The blockchain is a record-keeping system that makes it impossible to reverse, change, delete, or manipulate the data once recorded. All the transactional data recorded are duplicated and distributed across the computer systems network that supports the bitcoin blockchain connected through peer-to-peer nodes.

Therefore, making it a fully immutable and trustless system. In other words, it’s completely unhackable, tamper-proof, and one has to trust nobody to complete the transaction in the system.

Look the only reason I added my email list is because you asked about what I went through. I'm not going to re-write it out or make a video specifically for this forum, if you're interested go ahead no one's stopping you. You can read my emails sent from Kano and you either like it or you don't. But guess what, Bitcoin is here to stay. We can all agree on that, it's not going anywhere at least for a while. China banned cryptocurrency mining and is it a hazard to be running mining farms around the world that are contributing to global energy consumption? Without a doubt...

This is stuff you probably already know or run into at least once a week as Bitcoin weekly digest subscriber, but it's what I like to talk about and I'm sure there's at least one of you that share the same views. Yeah, I think the  Bitcoin forks were a huge mistake. And probably the whole mining thing isn't good for the environment, and as more countries find the inherent and apparent problems of Bitcoin and similar virtual currencies, they'll begin to dislike it more and more. Is it truly anonymous to send and receive Bitcoin? Not entirely since the ledger is published and it's not hard to follow where coins go once they go into a wallet address, so there's obviously a lot of innovation that needs to be done but forks were not the best approach in my opinion.

---

Can't we have a civilized conversation instead of attacking one another? That's not how you talk to people man.. You don't just start pointing flaws or trying to pick apart someone just because they're trying to have a conversation.

What do you think about this song?

https://www.youtube.com/watch?v=yJUUw3piMl8

[moderator's note: consecutive posts merged]

Obviously the community here is not as supportive and friendly towards one another as it once was back in 2009. Which makes sense, Bitcoin was more exciting back then, by every sense of imagination. Thinking back on it, everyone was more interested in the fundamentals of the technology instead of the market potential. Now it's become some evangelist, archetype, hierarchy control, rebellion anarchist sensation where people forgot what we were trying to build in the beginning. What the hell is Bitcoin Cash and all these other branches, soft-fork, hard-fork. IMO Bitcoin would have been at $1m a coin by now if you didn't desecrate Satoshi's original vision. Totally threw off the brand and potential for a singular widely adopted digital currency. Way too complicated now the technology is dead. I'm moving on.

Look the image that was posted was for an live training presentation by Brunson:
https://event.webinarjam.com/register/37/57l37i3z

It's something I've been learning to be a better in email communications. There's the concept of sending valuable information whether a video, book, pdf whatever you think would benefit the reader and using that as a means to build rapport. Now I'm totally new to this build an audience, send an email once a week when you have something important to say, but no one ever got good at something without practice or exercising what they were doing.

You can check it out so you know I'm not full of chit.

I'll try to keep sending an email once per week but you can expect less or more depending on your subscription settings.

Thanks for all of the replies and showing support. It's been a long journey and we're still only in the stages of infancy. I talk more about it on my email list since a lot of people have been taking an interest on how I started one of the first exchanges with over 70,000 users and we were trading 100,000 Bitcoin daily volume. I talk about what happened with Mt.Gox which was a competitor of ours at the time and how they got hacked, they also did thorough investigations on who had coins on their exchange and were able to return them if you had ever a very slight proof of documentation. I was fortunate enough to have conversations on Skype saved on my desktop and screenshots, along with my previous login ID and password which allowed them to access my account and return my BTC.

It's all on my subscribers list if you're interested you can read about it I won't be typing it all up again it's too long but it was a hell of a ride.

I'll be working on a new exchange in the meantime since I've started to take an new interest in cryptocurrency.

Glad to see someone else on this forum with at least half a brain.

Anyone on this forum knows that Craig Wright is completely full of chit. SN is probably rolling in his grave...

I was the owner of the original, original Bitcoin7 exchange. Before it was hacked, even back then I was using cold wallets to store all of user funds. Fortunately I was able to return everyone's currency with no issues, which would is worth billions today. We peaked around 60,000 - 77,000 users in 2009 running on basic APACHE. Dare I say it, I made a lot of people very rich, especially if they've HODL'ed. After my exchange was hacked I was discouraged to continue and went back to developing websites and applications, so I sold the exchange. What they did with it after, I could care less.

Nope, just saying hi. Was the Tether and BitFinex owner mystery solved? Were they the same group and were they manipulating market conditions or was that an entire lie?

Poor guy. I like picking up bastards as I feel bad for them lol

Well I’m back, you probably remember me from starting Bitcoin7.com which was the first Bitcoin exchange ever to exist that didn’t turn out to be a complete scam. Anyway, I remember 2009 like it was yesterday, we all were a part of this forum, downloaded the original Bitcoin wallet and were mining 300 BTC an hour with our 1-Core CPU’s.

The reason for this thread is to shed some light on what’s currently going on with the Bitcoin ecosystem, the multiple branch-chain offsets of the original BTC and Satoshi’s whitepaper. So if you are still an advocate for the digital currency we all wanted to be a success but no one really knew how we were going to get there, I want to ask if you were ever able to get your Bitcoins out of Mt.Gox after that Russian hack?

Register here to schedule an upcoming live session for an interview if you want to get paid in Bitcoin for helping me build my new upcoming exchange:
https://kanokano.gr8.com/