User: zanezane
Position to Apply: Full Member
Posts Start: 2356
Address: bc1quguv8ks93v8u8m57gf9gkgeynq54nr2j46nvtx

just to simplify what is the purpose of purchasing bitcoin. People buy Bitcoin for different reasons like using it as an investment, to store value, as a payment method, for faster and cheaper remittances, or due to interest in blockchain technology.

I think when you send a transaction on the blockchain, the "Amount" field represents the specific amount you sent. The "Output Value" field includes not just the amount you sent but also any change generated during the transaction. The "To" field displays the recipient's address. If you see an output value higher than the amount you sent, it's likely due to change being returned to your own address. This is normal, as change is often involved in transactions, but still i am not sure.

When it comes to teaching children about Bitcoin:

1. Consider their age and understanding.
2. Start with basic financial skills before introducing complex concepts.
3. If they show genuine interest, provide age-appropriate resources.
4. Teach them about risks and responsible behavior.
5. Emphasize diversification and long-term thinking.

Overall, make sure the education is gradual, tailored to their age, and encourages their curiosity.

So you are saying that financial education and awareness are important for improving the economy. In some cultures, people prioritize saving money, while in others, they focus on investing. Promoting a balanced approach can have a positive impact. It's crucial to provide education about investing in areas like the stock market and crypto trading, but also emphasize the risks involved. Understanding both fundamental and technical analysis is valuable, as they serve different purposes in investment decision-making. Emotional control is essential in trading, and it can be developed through education and practice. Overall, a comprehensive approach that considers cultural differences, risk management, and psychological factors is necessary for economic improvement.

For me, you should pay attention that investing retirement money solely in Bitcoin is risky due to its high volatility. It's important to diversify investments, consider long-term outlook, assess risk tolerance, and lastly seek professional advice before making any investment decisions, especially with retirement funds.

You're right, investing in Bitcoin can be risky because of its price can change a lot. While some people have made money from it, there is still no guarantees. The market is so unpredictable, and it's hard to know what will happen. Bitcoin's long-term potential is debated, so it's important to learn from experience not just by experience but also doing some research.

Processing fees are the costs that merchants pay to payment processors or financial institutions for handling their customers' electronic payments, such as credit card transactions. Low processing fees benefit merchants by saving them money, giving them a competitive advantage, increasing sales, satisfying customers, and improving cash flow.

Bitcoin:

-Potential for high returns
-Decentralization and limited supply
-Volatility and risk
-Regulatory and security concerns

Banking Investment:

-Stability and security
-Lower risk

Bitcoin and its media channels have brought people from different countries and backgrounds together. It allows anyone with internet access to participate, promotes financial inclusion, enables borderless transactions, and fosters global connections. The active online community on social media platforms facilitates information sharing and collaboration which is a good thing to boost bitcoin's reputation.

Bitcoin operates without a central authority, providing decentralization, and offers secure and private transactions which is a good thing using a Bitcoin to pay. It also generally involves lower fees, especially for international transfers, and is accessible to anyone with an internet connection. Also, some view Bitcoin as a potential investment opportunity due to its growth potential. But there are some of disadvantages of it, like its value is highly volatile, making it challenging to determine the true cost of goods or services. Its rare to have merchants accept Bitcoins, and transaction are generally irreversible.

I think, their difference base on the differences in ideology, control over monetary systems, regulatory concerns, and the risks associated with cryptocurrencies. Bitcoin's decentralized nature challenges the traditional control exerted by governments and banks over financial systems. Governments and banks worry about potential illicit activities facilitated through cryptocurrencies and the volatility of Bitcoin's price. On the other hand, Bitcoin enthusiasts believe in the importance of financial freedom and view Bitcoin as way to reduce reliance on traditional financial institutions.

I would not suggest investing to Bitcoin using their save money, it is very risky. There is a golden rule that " invest what you afford to lose " it looks like your friends is going to lose money because of the unstable price of bitcoin. Or they will gain, its the investor risk to take. But if you are so eager to teach them just to give them knowledge I think its ok, like common knowledge, how does bitcoin work and some technical of bitcoin. Let them know that Bitcoin isn't about just gaining money.

I dont get the logic why would a site give to a new comer, but I get the fact when a promoter tries to promote it and when using their link will give you that 5 dollar. A promoter will gain percentage to those who spend using their link, looks like this bitcoin bonus doesn't have that kind of tech. If some called out that this link is a scam, maybe its truly a scam maybe they experienced being scam by that website. Also, just to make new users aware and to be careful to those scam sites. They will not give free money without return.

I agree, take yourself some time to think if you are willing to take a risk. Why not study the Bitcoin before you buy, we investors should know where our money is going. We dont need to give you a reason to invest / buy Bitcoin, we are not promoting bitcoin. And if you are planning to buy just be careful and goodluck investing your money.

Some people might see this as a positive development, as it could lead to increased regulation and oversight of the cryptocurrency industry in China. This could help to protect investors and prevent fraud. Also, it could help to legitimize the cryptocurrency industry in China, which could lead to increased adoption.

The impact of this development will depend on how it is implemented. If the government is able to strike a balance between regulation and innovation, then it could be a positive development for the cryptocurrency industry in China.

Current number of posts (including this one): 2339
Rank: Full Member
Bech32 address: bc1quguv8ks93v8u8m57gf9gkgeynq54nr2j46nvtx
Merit earned in the last 120 days: 7

This post is very long for your first post, some members here will get tired reading this post. You can just simplify it like, Bitcoin and Fiat are two different types of payment system. Bitcoin is decentralized system that uses cryptography to secure transactions, while fiat is a centralized system that is backed by the government. Bitcoin is not reliable to store of value. It is more a speculative investment, and we people should only invest in it if they are willing to take on the risk of losing our money.

Bitcoin is a long term, depends on you how will you handle it but keep in mind that the Bitcoin's price is not stable. I agree to you that is bitcoin is riskier than other assets, no one can tell its price in the future. There are still don't know about bitcoin and some are still confused what is bitcoin. It is good to start sharing knowledge to those are interested. And the fact that the Bitcoin is decentralized is getting more risky.