Bitcoin Forum
June 18, 2024, 03:04:19 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Economics / Re: Save while young better than wait on: February 07, 2024, 08:17:17 PM
Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same  to invest more early that try to invest more later. 100 is worth 100 today even by comb football, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

Whether you find yourself in the realm of affluence in your later years or facing financial challenges, being both elderly and impoverished is undeniably undesirable.

A definite path to making detrimental choices involves hastily spending your funds or seeking immediate gratification without considering the future. It's equally misguided to believe that an average job or income is sufficient, especially if saving is neglected.

For the younger generation, it's crucial to recognize the interconnection of time and money. Investing early differs significantly from investing later, and the impact of investing more at an early stage is incomparable to attempting to catch up later. While 100 units hold their value today, with prudent and early investments, they could potentially grow to 800 units in 20 years. Understand this - the journey to wealth creation must commence without delay.




2  Bitcoin / Bitcoin Discussion / Re: Is Binary Trade Better or Better to Buy and Hold Bitcoin? on: January 31, 2024, 06:58:59 PM
I have been in a dilemma for some time now. Do I invest Bitcoin or I will start binary trade. I could not understand anything. Sometimes I feel like doing binary trade. I think that if I don't lose it, it goes around in my mind. But I did a lot of messing with Bitcoin. And read many websites and articles. After seeing everything and I have been around in the crypto world for a long time. I have experience on Bitcoin because Bitcoin 2022 was priced a lot. But now 2023 he is going to Bitcoin and at the beginning of this 24th and I am growing. For that I ask you for feedback if you give your valuable ideas then what is better for me because I have been in conflict with Aibitcoin and Binary Trade for a long time. But in many places I see that I have people and some they are making a lot of money.

holding is the best option if you are observing market fluctuation.
3  Bitcoin / Bitcoin Discussion / Re: We dont own enough bitcoin on: January 25, 2024, 09:28:30 PM
The thought and belief of not having enough of something brings forth the constant pursuit of that object. Thus, acting as if we never have enough of a resource will allow us cognitively to always be looking to acquire said resource and then eventually this will lead to a surplus, right? Gosh I hope so! Becuase I sure need to get more BTC and I don't have enough!!!

I was just watching a youtube from KITCO NEWs with Gary Cardone. Thats right, Gary Cardone NOT his asshole brother Grant Cardone LMAO!!!! Gary had a lot of great things to say that were extremely logical and bullish. I'll put the link in here later. https://youtu.be/6t2wjT9s0xE?si=Opc4s1B8K83Q9SmS

If we have this mindset then we will always be trying to get as much of it as we can. Lets face it, getting BTC is at this point more rewarding for the average person than buying Real Estate, Gold, Silver, Oil stock, etc. Lets keep stacking! I DON'T HAVE ENOUGH, WE DON'T HAVE ENOUGH!!! STACK SATS!!
Many people want to own Bitcoin, but keeping all your money in Bitcoin can be tricky, especially if you need some money for emergencies or personal expenses. While Bitcoin is a great investment, it's important to follow some rules. If you regularly buy small amounts of Bitcoin over a long time, known as Dollar-Cost Averaging (DCA), you can build your Bitcoin savings without much trouble. Avoid investing based solely on excitement or the hope of making quick profits, as this can be risky and lead to losses.
4  Bitcoin / Bitcoin Discussion / Re: Have you ever regretted selling your bitcoins ? on: January 19, 2024, 09:57:33 AM
One thing i will say is there will always be regrets in this crypto space because of the volatility attached to it. You might be regretting why you sold early because the price went up significantly above where you sold or you might be regretting another time why you didn’t sale because the price started dumping, these two are part of the space. But the best regret is always that doesn’t make you to be in loss that’s selling with a profit. How do one over come this i will say don’t fix a time to take profit rather fix a price to take profit.

If a coin gets to a price where you can take 75% holdings including some profit and maybe the invested amount too then take them. Don’t sometimes be too greedy for a high pump that you leave your coins most especially if it is Altcoins. Although the most important thing is to invest in what you can afford to lose so that there won’t be any regrets regardless of the decision made. Hodl bitcoin for long, take profit when necessary and you wouldn’t be in regret

i have a great regret of selling my bitcoins years back when i build my physical business i sell my bit coins and invest in a restaurant.
5  Bitcoin / Bitcoin Discussion / Re: Is this the kind of world you want to live in? [read] on: January 09, 2024, 07:27:38 PM
Every day, we are using Bitcoin to buy goods and services, and also to receive money in return for goods and services from others.

We can send money anywhere around the world, without having to pay expensive fees* which have been set by a money transmitter.

But what if it wasn't like this?

What if we were no longer allowed to store bitcoin ourselves, and be forced to leave them on an approved exchange or bank our-services/bathroom-fitting-bathroom-renovation/)?

What if we needed to submit identify verification every time we wanted to create an address?

What if lobbyists successfully split Bitcoin into two partitions - the restricted walled garden, and the rest of the world?

What if people in charge could set an arbitrarily high fee for anyone who wanted to make a transaction?

It's not so much about killing bitcoin, than it is controlling it. We are sleepwalking our way into a dystopia where Bitcoin is no longer "A Peer-To-Peer Digital Currency". Banks want their share of the pie, and with Bitcoin inevitably becoming a large force to reckon with, they will seek any way to get a share of it. So they will pay lobbyists to advocate rules that make it difficult for the normal person to use Bitcoin, while making even stricter tax reporting requirements when selling bitcoin. Sure, one may say it's the IRS collecting taxes, but then again, the government bails the banks out, time and time again. So what we have is "bitcoiners funding banks" indirectly.

Never allow this to happen, and you can do it by supporting privacy, wherever it exists.

Crypto privacy is the last weapon you have against financial corruption.

*If not mainnet, then Lightning Network.

This cautionary scenario vividly underscores the importance of preserving the core principles of Bitcoin - decentralization and privacy. The prospect of centralized control, mandatory identification, and exorbitant fees threatens the essence of a peer-to-peer digital currency. It is crucial for the community to stand vigilant against any attempts to compromise these principles. Supporting privacy features in cryptocurrencies becomes not just a matter of personal preference, but a defense mechanism against potential financial dystopia and undue influence from traditional institutions. Let's ensure that the promise of a decentralized and accessible financial system remains intact for the benefit of all.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!