Banks saved millions of people?

First, Banks aren't an investment platforms. Though some banks are being listed on stock exchanges, the bank itself isn't an investment platform, but they act as a storage of your money so that they can protect your money. That's the problem right now. Many people really thought that it would be better to put your money in the banks, and just let it stay there for the sake of safety, but little did they know that the value of their money is slowly going down because of inflation. They don't know this because of lack of financial literacy, and the banks are taking advantage of it.

Second, helped millions of people? Well, maybe some people got some help with the banks, but that's their to cover up what they really are doing. They are profiting on your own money thru lending it 10x (fractional reserve banking). Just imagine this. You're being fooled by the banks, you store your money there knowing that they can keep it safe, and on the other hand, they are lending out your money to other borrowers, and getting profit from it, while you the depositor loses money thru inflation. What a shame these banks are doing to most of the people out there.

Well, I guess old people are the ones who taught that putting your money in the banks is the way to go. For us new generation, putting it in the banks is a no-no (or at least for me). Even though I have this hate feeling for banks, I'm still using them right now as a storage of my emergency funds (kind of ironic).

If I would choose between the two, it would be Bitcoin. Higher upside returns, higher profit, and I'm happier instead of putting my money into banks where yes they are giving interest on a yearly basis, but the inflation is very high that it covers that interest, so in the end you lose some value of your money. Bitcoin is more risky, but I would take the risk because I know what I'm doing already.

Nahhh. Just don't invest into shitcoins. That's all.
You know that shitcoins are just there for the hype right? Why care to throw some of your money in investing into them if you already know that there's a huge risk if you're investing into it. Anyways, I will comment to all 5 that you said.

1. I don't know any shitcoins out there who have been lasted for like years in the crypto space because most of them are either a rug pull shitcoin, or just a dumped coin. As for meme coins, we've seen already DOGE, and SHIB that has been at the top in terms of market cap for years already especially DOGE, and now we are seeing a new meme coin in PEPE. Overall, I will not hold any of either meme coin or shitcoins for mid to long term.

2. I've seen some devs that has been into a project that has been considered one of the best by some investors, and has been trusted by them, but in the end, they lost their money. In general, whether it is a shitcoin, or a meme coin or just a new project, never ever trust the developers.

3. You will not learn unless you will either experience it yourself, or you will listen to the experience of others. Newbies are more often the ones who are getting FOMO'ed because of lack of experience, and knowledge as well. Anyway, FOMO is another way for an investor to lose their money.

4. At first place, why you let other people decide for your investment. As an investor, it's a must that you, and only you are the one that will decide with your own investments, and not others. If you follow other people with what they are saying, chances of you losing money is high, and you can't blame them if you followed them because they will say "Not a Financial Advice. Do at your own risk."

5. For an investor to be a smart one, s/he must learn anything not only Bitcoin, but in investing in general. All of the things that an investor must do in order for them not to get scammed. As for profits, unfortunately there are some investors who aren't contented on their profits, and they want to invest more as they gain profits. It's good for me that I learned how to be contented with regards to profits already because I believe that opportunities in cryptocurrency are happening more often than that on the stock market. Because crypto is more volatile, it has a higher chance for me, and for others to gain profit.

Whenever we play here in our place, and it's a very close one like what happened in Game 6, our coach always says to us to always look the player that's inbounding the ball because he's the most dangerous player at that sequence. Well, that's what happened in Game 6.

I really thought that the Heat got it with Butler's breath-taking three free throw shots, but the hero has been arise in the name of Derrick White. A hero has been went to south beach to try, and fulfill the history that hasn't been broken yet - the first team to win the series after having a 0-3 deficit. He's inbounding the ball at that time, and he made that game-winning shot. The whole Heat is stunned at that moment. Players, Coaches, fans who would've thought that they will see the Heat going to the NBA Finals already, even Pat Riley I guess are stunned because of what happened. I just remember again what they are always saying. Always defend your opponents until the final buzzer sounds because anything can happen before that.

One of the best Game 6's that I've watched in the playoffs since I started to watch. The feeling that I already thought that the Heat are the 2nd 8th seeded team to clinch the Finals, but it was spoiled by Derrick White. Anyway, I will say that Butler and Adebayo's shooting was awful tonight. 9/37 from the field? It's just good that they had 14 threes so that they can keep the game close. Those 4 undrafted players really stepped up big time. One adjustment that I saw is the Heat manage to slow down the Celtics in the threes because they only shot 7/35 from the field. They have a chance to win it. It's just that White really spoiled it.

Game 7 a few days from now, and we might see one of the longest records in history that has never been broken since to be broken. I can still remember what Brown, and Smart said in an interview. "Don't give us one." Well, now they're one win away from going to the NBA Finals, and making history.

Well, I can shorten what you are saying in three words.
"Invest in yourself."

Why do people really need to complicate things? I can say that your money is still safe in the banks, until they will become bankrupt because they're holding it for those people out there who are using it though it isn't safe for inflation though. Money not safe at home? It depends on the situation I must say. I mean if there aren't any thieves around then I can say that it's safe right?

You've said it already that knowledge is the greatest thing that we can give to ourselves, and it's true, but knowledge alone isn't enough if you don't know how to make actions. There are some people out there who have the knowledge about certain things, but they are afraid to make actions because of maybe lack of self-confidence or whatever reason that is. Knowledge is a vital role to one's success, but executing, and making action is one important part as well.

Who wants here that Bitcoin will reduce it's volatility? Not me definitely.
I don't want the volatility of Bitcoin to be reduced because that's where the money is. Volatility makes an average investor a millionaire. Volatility makes an investor who has a billion dollar a millionaire (you know what I mean ).

Anyway, more people will definitely reduce the volatility of Bitcoin, but will regulation have a big impact on reducing the volatility of it? I don't think so, and aside from that, who wants Bitcoin to be regulated anyways? Overall, I don't think that there will be a time where Bitcoin will become volatile because many people see Bitcoin as an asset, and one nature of an asset in general is it's volatile, but as we see more and more people using it, we might see the volatility of it reducing little by little. So little that we aren't feeling it at all.

None.
I mean you can still get profit whatever season it is right?

If we are in a bear market, traders especially the expert ones can still earn thru scalping, and short term trading. If we are in a bull market, same thing. Traders can still earn profit whether it is a bull market or a bear market. In futures trading, season don't matter TBH because just by looking at the charts alone, I guess traders can determine where they can enter, and at the same time where they will exit. Now if you aren't a futures trader, and you're just a newbie trader who only knows how to trade in spot trading then it's pretty obvious that their favorite season is the bull market because they will earn profit thru capital appreciation.

As for me, since I'm trading in futures currently, I don't care about the season anymore thus, I don't have any favorite season. I can still earn profit even though the market is down, and the same when it is going up. For most traders, season don't matter for them. What matters to them the most is what the charts are telling to them because charts can be a great tool when it comes to trading as long as you know how to read it.

The comparison doesn't make any sense though we can understand what you're trying to say to us.

I know that putting your coins in an exchange, and storing it there isn't advisable, but still there are some who are doing it because they have their own reasons why they're doing it, and I'm pretty sure that they know what they're doing. Those newbies who don't know the risks of putting their coins in an exchange are the ones who are at risk here, but I've also stored some of my coins in Binance way back a few years ago, and the reason why I did it is because I want my coins to earn instead of just sitting there, and doing nothing.

On the other hand, why would I give my coins to war victims? People who are undernourished? Why should I give my coins to them? I mean this doesn't make any sense at all. I know that giving isn't bad, but you're analogy is out of this world TBH. Anyway, I know what you're trying to say to us OP, and you're correct. Anyway, I'm not affected at all because all of my coins are in a wallet where I have my private keys with it. Well, I just hope that there will be one or two users out here who will learn something on what you said to them because this simple quote can save you big time.

The Celtics are slowly gaining momentum, and now it seems like they have the momentum already coming into Game 6 even though they are down 2 games to 3.
On the other hand, Butler and the whole Heat team are still confident that they can close out the series on their home. Well, the Heat are undefeated in their home until that Game 4 loss, so we can say that they have a good home record this post season, but anything can happen still.

Right now, there are some few analysts who are saying that the Celtics might become the first team to overcome a 0-3 deficit to win the series. TBH, if you're a Celtic fan, and you've watched how dominating they are in their last 2 wins, you'll believe that the Celtics can do it. Like you said, it's them against the history, and if they overcome it, for sure this will be written in the books, and it will never be forgotten that's for sure.

We will be seeing Game 6 a few hours from now. As much as I believe that the Celtics have the momentum now, I think that Heat can close out this on their home. What the Heat needs to do is to defend the three-point area because that's the key for the Celtics to win. If the Celtics are shooting 40% or more in three-point area, they are 38-2. Coach Spo needs to do something about it.

I can still remember what Smart, and Brown said in an interview before Game 4. They said "Don't give them 1."
Heat lost in Game 4, and that's where the Celtics gained momentum. Now the Celtics won again in Game 5 110-97.

Now we are seeing the Celtics that we used to see back in the regular season. The Celtics team who is shooting threes at a high percentage. The Celtics team who is at the top when it comes to defense. The Celtics again shot 41% from the three point area, and now they're 38-2 when they are shooting more than 40% from behind the arc. Aside from that, the Celtics' defense lead the Heat to have 16 turnovers, and scored 19 from it. The Heat didn't took the lead the whole game. The Celtics got the momentum from the start of the game, and never looked back ever since. 4 starters of the Celtics scored 20+ points or more. They also manage to stop Butler and score only 14 points.

As for the Heat, well it's good still that the points has been distributed to all of the players, and it just shows that anybody can still score, and take over the game, but in a game like this, it's good that you will rely more on your star player, and that is Butler. Putting all of your trust on him to score would be better in closeout games like this. With this, the Heat are giving the Celtics more momentum to make a history.

Now the series is back again in Miami's home. Would you expect the Celtics to make history, and force a Game 7, and win it on their home? Or we will see the Heat closing out this series in Game 6?

You know what, there's one thing that's permanent in this world, and that is "CHANGE".
You are only saying that today, but after a few years, you might leave this forum for whatever reason it is. It maybe because you're busy, or because you might have sickness that might be the reason for you not to use your computer anymore (hope it will not happen anytime soon). Overall, your thinking will change for sure .

Can I ask a question OP? What if theymos removed signature campaign. Will you still stay in the forum no matter what like what you said?

Sickness, death, me being busy.

These are I think the reasons that might cause me to leave this forum. I already said to one reputable member here thru PM that death might be the sole reason why I'm leaving the forum, but with what's happening to me currently, it seems like there will be a time where I might leave because of me being busy with my personal life. Well one thing's for sure though. If I will be leaving the forum (for some reasons), whether you care or not, I will share it here.

This is why there are some merit sources that are offering post reviews for different users that for them is deserved to get merited for their high quality posts.
I don't think that these merit sources that are offering post reviews has a minimum rank required, so as long as you're posts are of with high quality (and not bounty reports), even you're a newbie you can still apply to them.

I often see some merit sources circling around different sections like Bitcoin Discussion, and they are distributing merits there. Those newbie ranked members in the past aren't newbies right now because for sure they ranked up already. Those who are ranked newbies as of this moment are either the ones who just registered a few days or a few weeks ago, or they are simply newbies who are posting bounty reports from their bounty campaigns.

More merit = more motivation? Hmmmmm I don't think that's always the case because even low ranked members can still contribute in their own ways. I'm pretty sure that these high ranked members that you are saying see those low ranked members out there, and they know which are contributing or not, and if they see that they're contributing, they will give merits to them.

Looks like it wasn't the case because since that happened in the 23rd or March, Bitcoin's price went up a bit, and since then, it was a downfall from around $26,800 to now near $26,000. Well it wasn't a huge downwards movement, but it just shows that this news has little to no effect towards the price of Bitcoin.

As for CZ's tweet, maybe he thinks that his tweet has a huge influence towards the price of Bitcoin just like when Elon Musk tweeted something about DOGE a few years ago, but it seems that it wasn't the case at all. Overall, I don't take these kind of news a bullish one especially when it comes from China.

I'd rather believe in cycles than these type of news causing the bull run to happen. I saw bull run twice already, and what I say is that, these types of events or news whatever isn't a sign that the bull run is coming. A good indicator for a bull run is the Bitcoin halving date because in the past 2 bull run, it happened months after the halving happened. It might happen again after the halving in 2024, or it might not we don't know.

Relying solely on news on when to buy or not isn't a good strategy. I'd rather rely more on the charts than on the news, and that's why there are times where we must know how to read charts because we can see on the charts whether it's a good time to buy or not.

For newbies?? Are you sure about that?
Do you think that newbies can make their 10$ into 100$? Do you think that they can make their initial capital x10 knowing that they're just newbies.

I'm not saying that newbies have the same experience, but when I was a newbie, I'm very prone to FOMO's, and pump and dumps. It's because I was a newbie at that time, and I don't know anything about technical analysis, or trade base on what are the latest news. I'm pretty sure that newbies can't do that easily, so don't daydream.

Well, trading for 10$ as a newbie is a good way to kickstart your trading journey already, but don't expect to have good results on that one. Most of the time, you will incur losses because of you lacking of experience. Is there any alternatives that I know? Maybe just work harder, earn more money, and use that money to trade. I don't recommend borrowing money just to trade as well unless that loan can be paid within a month or 2.

Well, there's a solution for that. Increase the transaction fee for your transaction to be processed faster.
Just so you know, there are still some Bitcoin investors who are willing to pay higher transaction fees just to push up their transaction. There will always be investors who are willing to add more transaction fee just so the process of their transaction will be faster. Right now, the only solution that for the scalability issue of Bitcoin is the Lightning Network, but not that much investors are using it right now unfortunately.

Sometimes, it depends on the mindset of the investor.

If they don't care about the pros of it like the scalability or whatever it is, they will still buy it because they believe that they will earn from investing into Bitcoin. These mostly are the newbie investors. Now if you have been investing into Bitcoin for quite some time, I guess pros and cons don't matter at all especially if you are holding it for long term. I've been investing into Bitcoin for years already, and I didn't saw the scalability issue of it as a problem for me.

Now to answer your question, it's always worth it in investing into Bitcoin as long as you know what are the risks of it.

With how the Celtics played in Game 4, I don't know if it's just me, but there's a bit of a chance that they can make history.

I know that there's no team that ever won when they are down 0-3, but that doesn't mean that they have no chance in defeating the Miami after what we saw in Game 4. We've seen the signature style of the Celtics which is their three-point shots. They shot 18/40 from threes last night which is 40%. The Celtics has a 37-2 record in both regular season, and in playoffs when they are shooting 40% or above the three-point area. This is the key for the Celtics to make a comeback in this series aside from their defense where in Game 4, they forced the Heat to have 16 turnovers. I know it's a long way still, but if they can sustain to make more threes on their remaining games, I believe that they can make a history.

As for the Heat, they are confident that they can win the series, and Butler himself already said they can again steal one on the road after having their first loss in this post-season. I believe that they can knowing that the Celtics have a 4-5 record on their home this playoffs, so they are playing kind of bad on their home. Nevertheless, the morale of the Heat are still at it's highest even after this loss.

Complexity - I mean let's face it. Since Bitcoin and it's technology is just a new invention, people are having a hard time understanding it even only just the basics of it. The solution? Constant learning.
It being used for scams - People around the world have been using Bitcoin to scam newbie investors, and as a result, investors especially those new ones are having a hard time to decide whether they will invest into it or not. Solution? Proper teaching.
Storing - Nowadays, there are lots of hacks happening around the crypto space, and because of that, investors are having a hard time picking which wallet they will put their holdings on that is also less prone to hacks. Solution? The internet.
High Transaction fee - Just a few weeks ago, we've seen Bitcoin's transaction fee went to as high as 20$, and because of that, there are many who prefer to just hold their Bitcoins instead of selling it. The good thing though is that, the fees are already at it's normal (below 1$). The solution? I guess wait for the fees to go down then transfer your Bitcoins.

I guess it's good for the OP to ask so many questions here with regards to Bitcoin, and the basics of it. I mean you're also the one who posted that "Convincing" thing where you want to gave us one reason to convince you to buy Bitcoin. All of the challenges that I shared have one common solution, and that is learning. Learning even only the basics will help you a lot already.

When did I start investing in Bitcoin? I still remember the exact month and year on when I first bought Bitcoin using my own money.
February 2018. That's the month and the year. The reason why I can't forget it is that, I'm working as an employee at that time, and I just excused myself, went to a place where I need to cash in then bought Bitcoin. It took me 3 hours to travel at that time, I thought my boss will be angry at that time, but luckily he wasn't.

What did I achieved through Bitcoin?
Learnings. Lots of learnings. TBH, cryptocurrency is the starting point of my investing journey. Aside from the fact that I've read the book "Rich Dad, Poor Dad" back when I was starting, cryptocurrency really is the reason why I got into investing. Aside from learnings, I also achieved freedom. Not financial freedom, but freedom to work whenever I wanted. Freedom to do the things that I want to do. Freedom to go wherever I want to go. Aside from that, I also have an achievement of beating inflation because I invested my money into different assets instead of just saving it on a bank.

Is Bitcoin helpful to me? Hell YES!!!
Like I said, Bitcoin and cryptocurrency in general is the starting point of my investing journey. Bitcoin helped me in many ways, and so are some here for sure. I don't know if it's just me, but Bitcoin helped me pay my bills here. Bitcoin is also the reason why I have more assets right now that I'm holding. I know for sure that many here helped by Bitcoin in different ways.

Did I quit investing in Bitcoin?
No I didn't, and I will never quit investing into it. As long as I can still work, I will still put a portion of my total salary to invest not just into Bitcoin, but in other coins as well.

You've already stated an example here. Financial education really can make one person rich, but that alone isn't enough. I don't know if this is true, but I'm thinking that there are still some people who are have the financial education, but still lacks a skill that will help them in achieving their goal, and that is to become a successful person.

That's why I feel sad for those people who are winning in lottery, but after a few months, they're back again in the streets begging, or what they usually are doing on a daily basis back before when they didn't won the lottery yet. I remember a news article a few years ago where there's a winner of a lottery, and he won a huge amount, but because he doesn't know how to use that funds properly, he might've spent it in some things that he didn't need, and in the end, those money are gone already, and he's back to what he usually is doing.

The lottery scenario that you shared is enough to answer your question already.

If you're financially educated, and has skills, you can make a million dollar in just a month at least or even lower. On the other hand, you having a million dollars, but financially illiterate will just lead to continuous spending towards things that you don't need therefore, you will lose that money without achieving anything.

If I would choose between the two, I'll go with the million dollars. Why? Because I can still get that amount, and still learn to how to handle money. I mean there are lots of information on the internet that you can use to gain knowledge, but earning a million dollars might took me a very long time (or worst my lifetime), to earn it.

I've watched this clip on Youtube months ago, watched it many times, and every time I repeat it, I always laugh on how dumb that robber is.
Maybe his a robber who doesn't have a smartphone at all, or any device that keeps him updated on what's happening around him. Maybe he doesn't know what's crypto at all, or how to access it etc. Maybe he's a robber from a faraway place, just went there to rob. Kidding on the last one.

I guess it will not affect Mr. Beast at all if the robber manage to got his private keys because of how much he's worth right now. I mean he's one of the most popular, if not the most popular Youtuber right now, and correct me with this one, but I think that he's earning 7 digits on all of his Youtube channels, but spending 6 digits on all of it.

I guess it's good for my safety as well that nobody here in my community knows about Bitcoin or cryptocurrency at all because that lessens the chances of me getting my Bitcoin robbed. This incident teaches us to always, always keep our keys in the safest place possible. Not all robbers are like the robber who robbed Mr. Beast's things.

If you will think logically, they can TBH. The question is, will they do it. Do they have everything that they need to buy it all?

They might have the money that is needed to buy all Bitcoin and the miners out there. The question is, will all of the Bitcoin holders, and those who are mining Bitcoin be selling it to these bankers? That alone is enough to answer your question. That's the beauty of decentralization. You hold the coins, you have the power whether you will sell it or not. You store your coins in a wallet where you're the only one who can open it, you can do whatever you want on it.

Not all Bitcoin holders, and miners will sell what they have to these bankers... or at least I don't think that they will. Ok let's say they already have it. How they will get benefitted from it? I guess let's just forget this scenario because at first place, Bitcoin holders, and Bitcoin miners have their own choice whether they would want to sell it or not.