I would like to add that if the project has been going on for about 2 or 3 years without being famous, there's a big possibility that the developers of that project are dedicated to making their project rise into stardom and be used by many users. Watch out for projects that capitalize on the fame of another older project that has the same formula, their likely to be a rug pull.
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That's what China is good at, covering up, remember Tianamen Square massacre, we couldn't have known about it if there were no foreign media at that time to cover the massacre and thanks to those people, we saw what CCP for what they really are, although it's a bit sad that nothing has changed ever since.
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I think yes, because we already have the money and the technology to help the poor get up and eventually support themselves, they're just there because our human nature is greedy, we aren't naturally altruistic and we were raised to think of ourselves first before anything else. I think with all the money Bezos, Gates, Musk and the other billionaires out there, we can probably eradicate poverty and hunger, not to mention that we will advance much faster as a civilization because everyone has equal opportunity in terms of education, I think we've lost billions of brilliant minds already because of our selfishness, they're in the sweatshops and factories, toiling over nothing not knowing that they have the potential.
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You forgot the rule: If it's sound to good to be true it's a scam. That saved me a lot of many through the years. Mine too, almost invested half of my savings to a rug pull scheme and thank goodness that I thought of this thing because the returns were so good that it looks like your missing out when you aren't invested in it. What I just said could also be a lesson too, if it makes you rush things, you probably shouldn't invest in it.
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In my opinion, hope is the driving force that makes us a good investor, if you don't have hope for BTC to go to $100k, you will never put in it, all of it. We decide by hope , as well as myself , why I invest BTC and never sell BTC because I believe BTC will reach 100k $ . Do you accept what I say is correct, whatever we buy BTC for? -hope to increase the price to sell and make a profit - hope to change your life - hope...ect
It's patience in my opinion, hope will always be there for people even if they don't exactly know it. Hope don't make a good investor because in part, you're wishing instead of doing the deed so I think that it's more on patience rather than hope. You know what they say, good things come to those who wait.
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If the people in control is always trying to put down the public and then blaming them that it's their fault then the mentality will stay there, they didn't ask for the situation that they were born in and it's not like they're lazy, it's just that no matter how hard they work, the people who make money the most are those at the top.
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The solution to what you're saying in regards to inflation, it's that people should elect a smarter and competent government officials, increase the production of local products and reduce the importation of products that already exist in the local market, that's the only way to prevent being outrunned by inflation because it's inevitable, raw materials get expensive in the coming years.
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if the choice is a speculative tool or currency, then honestly I feel that bitcoin is just a speculation tool for me. I feel how he greatly influences the cryptocurrency market price. besides that I also don't have enough bitcoins if used for payments, apart from the high fees, the transaction speed is also volatile in price. it all comes back to us as users who feel it
It depends on the person, remember that Mr. Lazslo Hanyecz used it as a currency, I think right now it's hard to see that it's a currency because a lot of us are speculating in prices and the prices are far too high to be used as a currency to buy products and sometimes services. When the time comes, we will see to it that bitcoin's going to be on the used for both, just a matter of time.
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I don't know if this counts but I do earn online via an assistant of an admin in a Discord channel, it's a private one though so can't reveal so much. Most of the time, all that I do there is just watching the chats, see if they have violated the channels terms and services and relay it to the admin to see what's the appropriate punishment. It's good paying so I don't mind.
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That's because they want to, they want to use it like a currency that can buy stuffs and services, nothing wrong with that plus if the seller favors to sell to someone at a discounted price to someone who pays in bitcoin. It's not always the speculative aspect that we should be focused on, remember that it's just half of what bitcoin is.
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Thank inflation for that and the increase of population, our resources are slowly depleting and it can't keep up because we are just too good at reproduction of humans and at the same time killing our environment. If we continue like this, we will eventually reach a tipping point where scarcity becomes athing that an everyday person would experience.
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I don't see anything wrong in using money/crypto without revealing your name. Part of the problem is that they made the word Anonymous look bad and foreign whereas humans have be transacting anonymously for thousands of years. It's actually going very risky to have people transact with their names on the internet. I recommended the use of safe Anonymity instead ... with that, anyone can choose to reveal their name to who they find trustworthy.
Instead of that, what we need is that only the authorities can have access to our information online for crypto stuffs that we are dealing with. In a way we can be sure that it won't go down to the wrong hands because you're assured that your government is going to keep your information safe. Also, is there really any true anonymity anymore, pretty sure that's non-existent anymore.
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Yes it is easier to hodl, you don't have to worry about selling early because you have extra money to use when it comes to daily needs like food or stuffs. Plus you can probably make more profit since you have a lot of money that you can easily put into the market. Although, being rich doesn't mean you automatically have those things because some rich people are impatient people and they might experience loss in the market with that attitude because some of them were born with a golden spoon in their mouths.
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I try to be different here and say that most of the time I think stock investors are much happier because the market that they are in is shallow that a small percentage of green, they're already celebrating but if you were to compare it to someone who is trading in crypto, they don't seem to care a bit or it's like a noraml day for them because crypto investors got accustomed to bigger percentage in green ever since and we got used to it.
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~
I have the same view on the subject, there are people who just can't get enough, they won't be satisfied with any amount of money. I've mentioned before, as long as my needs are satisfied and I'm able to save a reasonable amount of money, I'll be fine. Contentment is what we should be aiming for because with contentment follows happiness and when we are content, we don't ask too much at that point because we've achieved our so-called peak. Totally agree with you, as long as your needs are satisfied, it's all good but I also would like to add that we also should be able to get what we want anytime we want it because people forgot and always focused on getting their needs not knowing that wants needs to be fulfilled too.
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It's already been said a lot of times in the thread, because crypto X and crypto Y is connected or something like that, I think that there's no other explanation why it does rise and fall together meaning that this topic should be locked already or something.
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You better learn to always get grateful in everything and appreciating little things will bring more like drops of water that can make big waters. If you make little profit, you can take it and wait to get another and gradually you can keep gathering the profit.
But don't be too grateful to the point where it's kind of your ass kissing though. Also, doing what you're doing with a smile on your face and enthusiasm is enough gesture to say that you are already grateful to the things that were given to you, always be humble but ambitious and don't forget those who helped you.
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I am on the investor side all the way, go for the long-term because I know that it's all going to pay off in the end especially if the investment is already guaranteed to make a lot of profit and has proven that it can grow. Speculator is definitely more on high risk and I don't think that I can be that person knowing that I always like to play safe if possible.
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I think still not undermined crypto decentralized nature. Because until now although government made crypto illegal to use, i think people will still can own it. For market although it is blocked, there are a lot of decentralized exchange that we can use directly from our wallet or device to exchange our coin.
It's not like all the government around the world have banned or made it illegal, I think that the reason for some of these is that they still believed that it's still all speculation and we have to do something about it. I think the role of government should be the same as any investment, consumer rights and fair taxation.
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Let me ask you this first, what happens if it doesn't reach more than 100k USD? Will you sell your bitcoins to get back and break even on your initial capital? If you have a clear answer to the first question then in my opinion you are already ready to buy those bitcoins and hodl. Although you still have to remember that only risk what you can afford to lose.
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