Actually, make a profit is the most important one, because if Bitcoin were constantly making losses, and eventually went to 0, all its essential attributes, such as decentralization or limiting supply, would become useless.

But profit aside, I only hold Bitcoin because it is a way of storing and transferring value that does not depend on a state or banking institutions. Which at any given moment I could take with me wherever I go if I had to flee. This, and its limited nature make it a premium financial asset, if not the best, and has a lot to do with the price increase it has had since its inception.

If you are referring to those who create these threads, not asking, but explaining, it is curious because it is clear that some are alts trying to fish for merit. Seeing someone who has little to no merits explain in detail in an OP how to get merits or write quality posts is a big LOL.

There are some who simply ask "How can I get merit on Bitcointalk?" and I don't predict a great future for them in this forum because they are the kind of people who expect to have everything handed to them on a platter.

Not bad, already an emergency fund and investing in Bitcoin. At the age you are at, I would say that the most important thing is to focus on training in skills that will allow you to earn high incomes. To this, I hope you are training without debt. How are you paying for college? Are your parents paying for it?

As for Bitcoin think about even if it goes up a lot in price never sell everything. It is better to go making DCA to accumulate with partial sales at the peaks of the cycle.

In what time frame is that supposed to happen? I wouldn't expect it for at least a year from now, but with Bitcoin I wouldn't be too surprised if it ends up happening sooner either.

A bit vague what you say but OK.


I put savings and investment in the same category, they would be two subcategories of the same thing, but you left out a very important one, giving. In other words, for me, I either spend my money, save/invest it or donate it.


With this, I agree.

Instead of talking about getting rich, because it is a concept that can vary over time and depending on the geographical situation, I like to talk about improving your economic situation. And that is within everyone's reach from the moment they start to control income and expenses and try to diversify and maximize income. With the surplus, an emergency fund is saved and the rest is invested. With this, everyone improves and lives more peacefully.

What the OP says is pretty bullshit.


There was someone famous who said something like, "What a coincidence that luck always catches me working."

If you follow a wealth building plan, controlling income and expenses, maximizing income, diversifying income sources, investing among other things in Bitcoin etc., the result will be due to the execution of the plan rather than luck.

But many people like you have not stopped to do numbers with the Bitcoin and think that one with moderate income is going to get rich enough to buy yachts and islands, and it is not so. Someone with an average income who invests 10% of his income in Bitcoin doing DCA and enduring one or two cycles will improve his economic situation and get richer but will not reach an obscene level of wealth. You can calculate it in https://dcabtc.com/


You are talking trash. You are one more of those who believe that wealth is like a pie, something static, and that if some take more of the pie they take away from others.


I already do that.

This is quite clever of you and does you credit. But from what you say I have a doubt.


How was he supposed to take advantage of the system without profiting from it? I believe that this hypothesis is unrealistic.

I was not familiar with the concept of brand value, although it is not entirely uncommon. I wonder what the concept is for if by market cap we already have those companies, although not in that order. Having the highest market cap in the world is not achieved by being a garbage company, nor by being among the top 10. From that point on, one can do more research on certain aspects.

If I want to buy shares of one of these companies, brand value does not bring me anything.

If you notice, moreover, we are accusing him of scamming all the comments in the thread, I even red tagged him and he simply left the link without stopping to dismantle the accusations. He is simply waiting to catch some clueless or unwary person, because he knows he has nothing to do with us.

What a load of bullshit. I'm not even surprised by the bullshit I see on the forums any more, and on this board I see a few but this is the last straw, instead of a crude attempt to scam, the OP has devised an ideal system for him or his "team" to be scammed (I say "team" since he speaks in the plural).

Sounds to me like a teenager writing from his mum's basement all excited because he thought he found a great idea to get rich:

The forum memberer to whom you are responding is one of those who does not see the overall picture. In healthy and productive economies a certain level of subsidy can be maintained. But the country's economy works in spite of the subsidy, not because of it. To think then that subsidy is good by system would take us to the extreme to a planned economy where if something is expensive for the people, either it is massively subsidized, or maximum prices are set causing shortages. That was seen in many countries in the 20th century, and it is still seen in some in the 21st century, little variety of products, queues, rationing cards, years to get a durable consumer good like a car, etc.

In general, people who defend this economic vision are too simple. Is anyone poor? We give him a subsidy. Is money needed? We print more. The price of a certain good or service is too high or too expensive? We set prices by decree.

In the end, there are natural laws such as supply and demand that cannot be controlled by decree, and this is what leads certain economies to disaster.

Kind of but you do not have the right approach on the subjet. Bitcoin was created as a currency and can be used as such, although today it is better as an investment vehicle than as a currency.

Why are you going to spend something that appreciates enormously. Wouldn't it be better to keep it or spend little? Today it makes no sense to use Bitcoin to buy bread, for that better to use fiat, shitcoins or CBDCs.

The answer depends on many factors, such as do you have an overall wealth building plan? It gives me the answer is that it does not.

It's not the same if you have bought a lump sum and you are doing DCA, it's not the same if you have an emergency fund, or wealth in other assets or if you don't have it, etc.

If you specify more points we can help you better.

In terms of profitability with a certain level of security nothing is going to beat bitcoin, so if you have your finances under control, I would keep the investment only partially selling if at all during the bull market peaks.

We have to be aware that the Bitcoin price moves following similar patterns in 4-year cycles, and, although not necessarily 100% the future has to be like the past, seeing those patterns can help us to get an idea of what is the best way to accumulate Bitcoin, and for that we have to have a long term vision.

Doing like you is fine, and although you don't say exactly at what price you bought, during the next cycle you are sure to be in profits and can do some partial selling.

A good strategy to accumulate is to do pure DCA, i.e. buy exactly the same amount every week or month, but the DCA has variants, and one of them quite interesting is to regularly buy the same amount but take advantage of bear market moments to buy more and the peaks of the cycle to sell.

Study, learn, and decide which strategy suits you best.

Being a novice it is a bad idea to start trading, and copy trading even worse.


This. In the end you will be paying someone to copy a strategy, which will probably not only be focused on Bitcoin but also on crypto, and which in many cases will lead you to ruin. With stock trading in some chaos copy trading can have a certain reliability, with people with public long term results, and yet you never know when the streak is going to break.

The best thing for a newbie to do is to learn about Bitcoin and start doing DCA. But of course, this is much more boring than trading (although a safer way to get rich).


This is an important point to keep in mind as well.

Tesla still has some Bitcoin on its balance sheet:



At this point I couldn't care less what Musk does or doesn't on this regard but MIT is a source reliable enough to change his or anyone's mind about the alleged Bitcoin environmental harm.

I agree with this. For me he is someone who was not used to handing out merit and decided one day to start handing out the one he had. In fact, he says in one of his posts:



Most likely.

Welcome, and now that you have expressed your enthusiasm, I recommend that you use the forum on a daily basis to learn mainly, since you say you don't know much, and with time you will also be able to contribute your knowledge and exchange impressions. That's what a forum is for. If you have doubts about the technical aspects, people who know a lot are quite helpful but you'd better do some research to have a minimum of knowledge before asking.

Well, these are these curious stories that we see around here, in which I think that the person who asks for the loan does it like someone who buys a lottery ticket, the probability that you win is 0 by mathematical approximation, but it doesn't cost you much effort or time to write a shitty post asking for the money.

As CYBER_COWBOY says, you can give the repair company the advance that the insurance has given you, let them go to work and when the rest of the insurance money arrives, pay them the rest. The company is not going to ask for everything in advance. And even you needed the money so urgently, it would be more logical for you to get the money from your bank.

Anyway, in these cases, the simplest explanation is the real one, and that is that it is a crude attempt to keep $10K and not show up here again.

This. Get a HW wallet ASAP, withdraw your funds to it and when you want to sell in a couple of years, then deposit the coins and sell them but don't keep them for so long on exchanges. Well, assuming you have a certain amount, if you have like $170 it's not worth the hassle.