This is a clear indication that whenever a centralized market is baffled people are moving to a decentralized market to secure their funds.
It does not apply to decentralizing and centralized space only, it is a common human practice to always look for alternatives when something happens to the main object. Decentralized finance happens to be the best alternative at the time so they turn to it, does that make them so see decentralized finance as better than traditional finance? it is hard to tell now but perhaps time will let us know that. |
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Mate you already have bigger things to resolve — screw bitcoin for now lmao. Also noting that friends&family and volatile investments never go together well.
Exactly, if they don't like you before, they will like you even less when they out of naivety lose the money they don't have on btc investment. My opinion is, to try to make amends with them if you can and not discuss btc for now especially when the relationship is not smooth. Maybe when you all have trashed your differences and are able to make amends then you can hint to them about btc. |
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The price of Bitcoin seems to be showing that Bitcoin is something stable like gold or silver, erc. The problem is twofold:
1. how to make Bitcoin to be better known among the population, so that they all start using it;
2. The fact that there doesn't seem to be a 'real coin' method, so that you can hold a physical coin in your hand to trade with others face-to-face.
Regarding #2, is somebody going to come up with a chip in a coin-sized object which will hold certain amounts of bitcoins or bitcoin fractions? Of course, such a chip-coin would need to have a reader the size of a cell phone, that one could use to see if the chip-coin had been compromised... by comparing the chip-coin to the blockchain at the point of trade.
I don't think it is correct to describe the price of btc as that of gold, i mean btc dropped to 19k plus and also in a couple of days rose to 26k Plus, you can't see gold price move like that especially within a couple of days. -There is no other way to make btc known to more people than to keep promoting it in every way possible, through whatever means necessary to get the information across to the people, especially from the grassroots. -It is called digital currency because it has no physical coin that represents it, which makes it easier to transact with assuming it has a physical coin, it will be too bulky to carry along. |
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Investing in real estate is not for old people, it is very every age provided you can afford it. The difference between crypto and real estate as we all already know is volatility. Not everyone has the heart and stomach for such high risk investment.
You can also do both to have a Plan B in case of any unforseen circumstances. Having a second option is always good and can be a life saver.
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Crypto for newbie can be very complicated because of the process and procedures especially if you intend to explore deeper into all the benefits and possibilities. For example, the other day I did a transaction on the eth network that didn't went through and I had to cancel it, but it is not as simple as click the cancel button. Little things like this can discourage some newbies to put their trust in crypto when any little mistake can result to a loss. This to me is one major challenge.
Proper understanding is very necessary in other to navigate this space smoothly.
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Well it is very convenient for the sec to always shout out crypto regulation because it is not under the control of the government. Meanwhile, the so-called financial institutions were regulations are supposedly in place are Constantly facing huge problems. Who are they deceiving.
Perhaps they should try and introduce decentralization to all the financial institutions to avoid these recurring issues.
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Keep grinding and count yourself among the early adopters considering the millions of people out there who are not aware of btc or who are not interested to join this great tech because of misinformation.
Am happy to see you have benefited from btc investment.BTC is for the masses and we should do well by promoting it to as many people as we can. Congrats to you and your family.
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Besides feeling impressed and excited to hear other people's experience and encounter with btc, it also makes me realize how the btc awareness is growing, without these different stories you would not really be able to grasp how widespread btc has grown. Particularly people from remote locations. As a bitcoiner you can feel nothing but happiness when you hear fellow bitcoiners benefiting from btc.  |
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Depending on your skills, there are several crypto paying jobs online to earn good money from, the only thing that will stand in your way is you. If you don't have such skills don't expect to get any since more people are looking to earn through online as well. Web3 jobs are most talked about lately if you know how to equip yourself with the right knowledge to get employed.
Unlike before, now the competition is high, even airdrops require more engagement in participation to be able to qualify.
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Alternatively, why not buy btc with the income you earn from selling cocoa to your local buyers? the awareness of btc is tsill very limited in urban cities let alone rural communities.
It is difficult for some people to pay with their btc knowing what they can get if they hold for even a longer period. So instead of waiting and hoping one day, people will buy your cocoa with btc better to invest in it with the money earned and still profit either way.
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Todays trending assets on coingecko are all stablecoins, how wonderful, the supposed stablecoins that are supposed to be the pillar of investors keep disappointing investors rather too frequently lately. I look at the whole stablecoins in the market I can't seem to trust anyone of them, it is sad there is no stablecoin that is actually backed 1:1 to USD with a solid reserve for sustainability.  All seem to have their baggage which is not known to the public. |
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Indeed! I had also checked my posts by AI checker before posting it here, though I knew that it would seem lazier, I was also risking my account knowing that it'll be checked just to see if there'd be changes in people's opinion knowing that more and more younger people are becoming aware of the technology offered by AI.
Another thing is that, once we mention AI, it is already indirectly related to crypto and I just wanted to know what the AI thinks about crypto alongside your opinions. We know that this topic has been asked so many times in the past and it's enough to say that we are already bored reading and answering it, but as what the AI is telling, is it already safe to say or consider that Bitcoin is already on par with traditional assets as a "Store Value"?
As most of you guys are saying that it'll be a store value in longer time frame, is it convincing for newer investors to add this on their list as their go to investment plans?
Yeah, maybe you could have saved lovesmayfamilis the trouble of using AI checker to check your post if you had just made that indication (Source: AI-Generated) not indicating the source made it look as though it was your idea. Perhaps next time try to be more specific. Mentioning AI is not only indirectly related to crypto but virtually every social aspect and should not be a reason to create ai generate post. When it comes to store of value, to me I feel it boils down to individual preference, despite the buzz surrounding btc as a store of value many people still prefer the traditional way, particularly because they don't free so much pressure with their investment, whatever gives peace of mind will do regardless of the possibility of making huge amount from it. |
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I hope you are ready to take full responsibility for all villages that will be enticed by your btc idea. Since they are poor and mostly uneducated the burden will fall on you to manage their investment for them and as you know in this space nothing is 100% guaranteed and there are several risks involved.
Villagers are already poor as it is, and losing the little money they don't have will be devastating for them. Your trying to find ways to alleviate the suffering of your people is outstanding but the idea of btc that is highly volatile is very risky. Hope this turned out well for all of you.
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Because humans make it to be so. if you look at most of the world's problems they all have some connections with money. So like you said, money rules the world, without it, nothing meaningful can be done.
If you take an undeveloped country for instance, no matter the human resources it may have, without money or a better means of generating revenue, it will struggle to develop. Same applies to businesses. Almost everything (if not everything) revolves around money. Nothing can be done in its adsence.
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Yeah, your explanation does not really tells you are feeling bad because of the deep love you have for btc, it just shows your feelings were because of the price difference because you see btc as an asset that you can make much money from when the market is booming.  I guess the feeling is mutual for 90% of btc holders, everyone always wishes the price is at its peak whenever they feel the need to sell their btc. You can rest easy now.  |
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Just as you give your details in other none crypto businesses out there so is the same with giving your details to crypto platform. In most traditional businesses they required details (e.g hospitals, schools, hotels, travelling etc) before they can render any services, if kyc is extremely dangerous according to the article then everyone is in a deep shit.
I don't think it is entirely possible to avoid doing kyc or providing personal details when it is required. Although there is always the danger of providing such sensitive information to strangers, sometimes the situation can not be entirely avoided. It is left for the organization requesting such information to strongly and securely protect them from falling into the wrong hands.
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So what you are saying in essence is the exchange should always look the other way even if they recognize and identify suspicious activities that could practically jeopardize the business and also endanger the funds of millions of users?
I don't really get why crypto regulations cause so many worries among crypto users because the life we leave in general is regulated.
what makes you think even if crypto is entirely decentralized that you are free?
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Am a bit confused, If when the price is absolutely down is not good enough for anyone to buy their desired coin, when is then the right time?
Or perhaps you would prefer the buy high sell low strategy! I think even common sense without any TA will tell you to buy something (not necessarily crypto) when the price is down. Everyone always looks for a discount, except if you have enough cash to throw around.
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Post full of lies and false promises. I would avoid this coin as its owners pays for such poor shill focused on unexperienced users without basic knowledge.
"stop your monthly job and focus on SATOSHI core" - this has been the worst financial advice in the history of financial advices, maybe ever.
And the funny part was the unnecessary hype that was surrounding this core project pre-launched, lol, i remember some guys in one of my local telegram group were so excited about how high the price of core would be, they even started picturing their dream houses and cars  Man, I could not help myself when i saw the price of core at launch, according to them, 'Core is the btc killer' people still believe those type of shit talk in this present time. well, the shilling was already getting on my nerves, glad to see all the core fanboys muted The future is bright for core no doubt  |
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The situation is different for everyone but yeah the cost of living is so high this days so many people are really struggling to eat one square meal.
The very low income earners are not finding it funny in my locality, there is very little offline jobs and the majority don't have the right education to look outside the usual tradional jobs for opportunities online.
It is hard for the majority of people but it also depends on how you able to sustain yourself through other ways.
And the sad part of it is the situation may likely continue for some time as the government are not able to address the situation with inflation. Instead of going down, it keeps rising and making things very difficult for the common people.
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