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1  Economy / Exchanges / WTF BINANCE YOU SUCK! on: May 19, 2021, 01:10:35 PM
I want to buy the dip and Binance will not let me buy BTC at this price. It says trade unavailable. HELP?
2  Alternate cryptocurrencies / Speculation (Altcoins) / Which is Better to invest in (LOGICALLY,) Bitcoin or Dogecoin? on: May 17, 2021, 08:36:39 AM
Here is what is persuading me to buy Dodgecoin Dogecoin over BTC, but I could be wrong. What do you guys think?

https://provscons.com/why-is-dogecoin-better-than-bitcoin/

Logically speaking, the above link lists all the negatives of BTC and pros of using Dodgecoin Dogecoin over BTC

The article clearly mentions this:

"Cryptos were not supposed to become collectible items. Over the years, however, Bitcoin became a collectible item"

Edit: Fixed title!
3  Bitcoin / Bitcoin Discussion / Bitcoin's future (and BTC in Kuwait!) on: May 15, 2021, 12:56:48 PM
For those who don't know me I posted a thread last year about my experience with bitcoin.

Recently I noticed some huge interests in Kuwait regarding Cryptocurrencies. People are buying Bit/Alt coins as a store of value and for profits (as opposed to its original purpose, serving it as a currency.)

Now there are few things that I can't comprehend. The Kuwaiti Dinar is the top currency in the world, and bitcoin was created to replace fiat. My question is: How will BTC price increase in value if people are buying it as a store of value (as opposed to using it on regular transactions?) And why are Kuwaiti's buying BTC when our currency is the top in the world? It just makes no sense to me  Huh

I ask this since I'm still reluctant on whether to go back to BTC or stick with my currency, but seeing my own countrymen started accumulating Cryptocurrencies has gotten me lost in this Crypto world  Huh  Roll Eyes

4  Bitcoin / Bitcoin Discussion / Enough is enough! Good bye Bitcoin! on: October 05, 2020, 06:59:19 PM
I'm fed up with all this cryptocurrency thing.

First off, I make tremendous loses due to being a newbie in this market. After a second thought (and accepting the heavy loses incurred) I decided to try again and re-invest in bitcoin, only to be told this few moments ago.

I will not risking HODLING bitcoins if they will shut down the first (and only) cryptocurrency exchange in Kuwait. As such I decided to play it safe, incur further loses, and just sold all my bitcoins and getting out of this business for good.

After all, why should I HODL my bitcoins (1.25 this time) when I can't exchange them for cash when I need them? More importantly, how will bitcoin appreciate when exchanges will close in other parts of the world?

I wish I was never introduced to Bitcoin.  Angry

Any ideas on what I should do with my Ledger Nano X now?  Roll Eyes
5  Economy / Goods / USED ledger Nano X (3 weeks old) on: September 10, 2020, 04:47:54 AM
Ok so I got dragged into this filthy business of bitcoins (purchased at $11.5k, sold my BTC at $9.5k) and I no longer believe in cryptocurrencies anymore (governments can kill it whenever they want by increasing electricity bills which will drag away miners.)

Is any one interested in buying my used ledger nano X? I want to minimize loses as much as possible.
6  Economy / Trading Discussion / Outrageous trading fees, should I switch to stocks? on: August 29, 2020, 06:24:42 PM
Hello everyone

I'm new to the cryptocurrency world and recently started trading (at a loss of course.) I live in a country where there is only 1 cryptocurrency exchange company. However, the fees they charge are outrageous (5% for buying, 3% for selling.) However, I must admit the online tools are amazing (compared to other exchange companies.) I will give you an example. If I purchase 1 BTC NOW I pay $12,255 USD, and if I want to sell at the same moment I receive $11,111 USD (how can I make profit with this?)

I have found another company that accepts my local currency but read horrible comments on Trustpilot (not to mention the lengthy account verification which includes a live video of me saying certain characters.) I read many comments that even after providing the necessary personal information your account gets locked (but they charge 1.5% fees on buying/selling, which is acceptable for me.)

I thought about using exchange companies in the US but when I pay/withdraw money for bitcoin transactions I'm paying in $USD (I lose money both for buying and selling bitcoin since the bank transfers the money from local currency to $USD and vice versa.)

I'm extremely disappointed at this. Should I just sell all my BTCs and switch to my country's stock market? Or is there a better option for me that I'm missing?



 
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