 Show Posts
|
|
Pages: « 1 [2] 3 4 »
|
|
Bitcoin is not cheap, YouTubers are fine-tuning it as if Bitcoin is still cheap, I grabbed my calculator and do some maths on the money I can afford to risk on Bitcoin every month, equals to $30.
This equals to $360 in 12 months and let's say I am ready to hold for 10years to this time that's $3600 in the next ten years assuming Bitcoin don't appreciate in value, but we all know that's almost impossible.
Now even if Bitcoin did a 10x in between these ten years (might never happen) I still won't be rich. This is me, this is what I can afford to even lose if worst possible happens, to my own standard way of living I can't get rich off Bitcoin, simply because what I can afford to DCA every month seems very small.
If I can DCA same $30 in 2020 it would be a more effective result, I guess the more Bitcoin gets popular the chances of getting rich goes slower, I am a listener you are free to talk senses to me I will listen. I believe right now and the more the years passes by Bitcoin becomes more harder to get you the magical number.
|
|
|
|
|
Is it possible that a BITCOIN wallet implement mixers inside the wallet itself without the government coming for that person? I have a friend who is a genius compared to the dumb me who believe this is not a good idea, I don't want to see him get into trouble that's why I asked.
He also asked why we haven't had such capable Bitcoin wallet yet, I told him about samurai wallet and what the centralised power is making them face right now, do you think that this can land my friend into big problem or it's problem free.
|
|
|
|
While others were crying about the dip, i have been rejoicing because i made life changing money from the dip, as i did short during this time and right now i don't know if i should continue with trading or just retire to avoid market collecting it back? Help me ask people.
This was from anonymous, what is your advice for him?
You expect me to believe this lie? The only people that short the market on October 10 are all insiders, even professional traders didn't saw it coming, are you an insider? Because you people are the ones responsible for that manipulation. |
|
|
|
I have only three question to ask.
(1) can I purchase Bitcoin?
(2) can I store bitcoin for a particular wallet for future use?
(3) is it a good advice for me to store all my life saving on Bitcoin?
1. You can purchase Bitcoin, unless something is stopping you from buying Bitcoin, my advice is don't punish yourself by buying Bitcoin with money that's intended for your school fees or house bills, make sure you invest what you can afford to invest. 2. You can't store Bitcoin on any wallet you come across, make sure you choose from the list of Non-custodial wallets available, like Electrum, Ledger, Tangem, also make sure they are open source wallets like these ones that I listed. 3. Just like what I said in the first place, buy Bitcoin when it is doable for you, if you can live without your life savings then Bitcoin is not bad as a retirement plan, if this is the route you want to choose it is wiser to store your life savings in a hardware wallet because they are more secured. Since life savings is involved, make sure you keep your recovery seed very safe, it is obvious that your life will depend on it, there should be no room for leakage or losses. |
|
|
|
This topic may have been discussed a long time ago, but now there is a renewed interest in discussing this topic. From 2010 to the present 2025, every time Bitcoin has gone through a price correction, the world's most famous people have killed Bitcoin. From 2010 to 2025, Bitcoin has died a total of 440 times and been revived 440 times. The following people have killed Bitcoin the most.
Peter Schiff 19 times
Warren Buffett 8 times
Steve Hanke 8 times
Nouriel Roubini 8 times
Jamie Dimon 7 times
Paul Krugman 6 times
Nicholas Weaver 6 Times
Brett Arends 4 Time
John Crudele 4 Times
Kevin Dowd 4 times
 Peter Schiff, this gentleman kills Bitcoin whenever he gets the chance and last declared Bitcoin dead on July 28, 2025. With this, he has declared Bitcoin dead the most times, a maximum of 19 times.  They never killed Bitcoin, it is not what these people said that make Bitcoin price to come down in the past, Bitcoin was busy doing it's thing, the slow ride up and some correction, right from day one it is always a higher high for Bitcoin, that is why we never go back to old value unlike alternative coins. They did spread some FUD but things just keep getting better for Bitcoin, people who listened to such FUD will surely be angry with all of these famous people, they have missed out on the biggest opportunity of the century because famous people were suppose to know better than them. This is what happens when you are the type who follow the orders of your government, many countries placed ban on Bitcoin in the past as well, it doesn't affect me a bit because Bitcoin is decentralised, they are never going to like the idea anyway so it is expected. |
|
|
|
Vietnam’s recent decision to delete over 86 million bank accounts underscores growing concerns over centralized control of personal finances. As biometric verification becomes mandatory, critics argue that the sweeping closures expose the vulnerability of traditional banking.
The event has sparked renewed interest in decentralized alternatives such as Bitcoin, which operates independently of government or institutional oversight.
Vietnam Deletes Millions of Accounts Under New Biometric Rules
Vietnamese commercial banks began removing over 86 million bank accounts in early September 2025 after the State Bank of Vietnam (SBV) enforced new biometric requirements. Authorities say the policy targets accounts lacking face or fingerprint verification and aims to curb fraud, cybercrime, and money laundering.
The country has an estimated 200 million bank accounts. Following the nationwide review, approximately 113 million remained active. Accounts flagged as inactive or not updated with biometric data faced deletion, leaving many residents scrambling to meet compliance deadlines.
Foreign residents report particular challenges. In-person identity checks are mandatory, and remote options remain limited, creating hurdles for those outside Vietnam or unable to visit branches quickly. Critics argue the measures risk excluding vulnerable groups and may disrupt legitimate financial activity.
Global Context of Sudden Account Freezes
Vietnam’s sweeping action is not unique. Around the world, governments and financial institutions routinely freeze or seize funds, often without prior notice.
In China, rural bank customers in 2022 faced frozen deposits for months amid fraud investigations, prompting widespread protests. The US has long employed civil asset forfeiture, allowing law enforcement to seize assets even without a criminal conviction. In the UK, “Account Freezing Orders” empower authorities to block access when anti-money-laundering concerns arise.
This is another wake-up call for everyone reading this who is into Bitcoin but has yet to adopt the principle of not trusting third parties, which is one of the major purposes Satoshi created Bitcoin. Because you can't treat Bitcoin like a JPEG and never pay dearly sooner or later. The primary reason for creating this topic is that 86 million bank accounts in Vietnam were shut down due to biometric discrepancies, but a similar issue is also occurring in the Bitcoin space, and some people are unaware of it. I could remember years ago when CoinBase introduced a tough KYC procedure, and all the users of the exchange who cant comply with or execute the harsh KYC cant access their funds. As Bitcoin is now mainstream, we need to prioritize the use of a self custodial wallet. I am wondering how the banks will get the job done since they are looking forward to accepting and safe keeping Bitcoin for their customers, it is not hidden that some banks hired crazy workers that will ruin your day when you needed help the most, some of them turned their banking job into their private business as if they own the banks, they will lay stupid command on you and you are to follow if you want to access your account, imagine someone telling you what to do after keeping your BTC in their hands. There is never going to be an offer rendered to me as a bank user that will make me surrender my Bitcoin to the banks, not in this life time, those people are so weird and wicked, I am talking from experience, I had a uncle who was sick and we had to admit him in a hospital and I had some bills to clear, I got to the bank and explained everything to the cashier that it is an emergency, this crazy bitch told me to go back and queue at the back of almost 30 people, after waiting for an hour I smartly find the bank manager and told him everything, thank God he is a good man, he hasten the whole thing up for my uncles sake. The command on my own money, the rules on my own money is why I can't stand the banks, maybe the experience is different in other countries but it is worse over here, I will never deposit my Bitcoin into my bank account. |
|
|
|
|
Here are 7 Bitcoin related questions that I have been thinking to ask the legendary and OG members of this forum.
1. What are people using address prefix finder for?
2. Can I lose my BTC if I don't upgrade the software always?
3. Can I make money running Bitcoin node?
4. Now that there is ongoing massive adoption for Bitcoin, if everyone holding including the government how will scarcity plays out without a price ceiling?
5. Can Bitcoin function offline without the Internet?
6. Can Bitcoin maintain it's full decentralisation and security while making more than 10 transactions?
7. If Bitcoin can't fully decentralized from the government haven't the decentralisation failed?
|
|
|
|
The main reason everyone can not be rich is because of the lack of knowledge and exposure to what can make them become rich.
If everyone is rich, life can not be balanced, but it is not good to be poor. Some people are poor because they lack education.
Knowledge, education and exposure are very important.
If God intentionally make every thing easy to get, the word "value" will be meaningless, even Gold will be used as a brick for building a house just because of it's shiny color, everything that has value comes with a price, you need knowledge to acquire them and not everyone has that knowledge. I believe that God intentionally make things like this to that there will be balance in life, many people hate it when I say that some people are born to feed off the hands of the rich, it is just the way it is, while some are born to become the hand that feeds the needy, even our fingers are not equal. Poor has it's advantages also while having it all have it's disadvantage, there is nothing that's created in the world that's completely out of perfection, there are always flaws to everything. |
|
|
|
The vast majority of us will never encounter such a scenario but...
Outside of asking a family member/friend to retrieve your HW wallet and/or seed
What do you do in such a scenario?
While it's generally not recommended, IMO this one of scenario where brainwallet or having encrypted cloud backup may help you. Still not recommended like you said, cloud backup have messed many people up, I will only do this if the amount of the total asset isn't that much, in the hundreds of dollars, the moment it's over a thousand in dollars it is best to buy a hardware wallet, how you want to move it around is your problem. Honestly this isn't the advice we should be sharing base on what OP shared, instead of saying that brainwallet or cloud backup isn't generally bad in this type of situation why can't we advice people to stay away from crime, any type of crime that can get you deported from a foreign country abstain from it. OP labeled her, the old woman as ordinary, I refuse to believe it, it is nothing out of the ordinary that some people are doing everything they can to survive in today's world, these people can't be clean and still get deported, ordinary residents? They are not ordinary. |
|
|
|
I keep hearing about Bitcoin mining, but I’m confused if it’s still worth it. Is mining something an individual beginner can do with normal equipment, or is it profitable now for big companies with lots of machines?
The last time I checked Bitcoin mining is still very profitable, the difference is it cost a lot to run them now because their power consumption keeps increasing, I had a old Asic miner that takes 15000watt but many new miners today takes double or even more to run now. The only way that Bitcoin mining is still fair is the hash rate, how higher your Hashrate per second is what will determine your profit and also how cheap your electricity cost is. |
|
|
|
|
I have always wanted to ask this question but this days my schedule has been less tighter, why is it that whenever you get your recovery seeds and you import to another wallet your address will change?
For example coming from Trust wallet and importing to Metamask you will get a new address, do these crypto wallets work differently? What is the trick behind this?
|
|
|
|
|
See I have this problem, I am living with older people since I lost my parents at a very young age and I get so attached with crypto and I am making money out of it but the problem is my grandfather and uncles do not understand what Bitcoin is all about, believe me, I've tried to explain but they just won't get it. What can I do? They kind of believe that I am wasting my time.
How do one educate the illiterate about digital currency?
|
|
|
|
|
Is there ever any crypto project that allows user passwords to be encrypted into its private key? I've never heard of such I am just curious and thinking about a possibility.
|
|
|
|
|
This amount of BTC is not enough to affect BTC because there are billions of buying orders waiting to take it all, even if the whole BTC was dumped at once it won't have a bad impact, its all good 👍 .
|
|
|
|
|
Are you saying that all these blocked addresses are legit USdT users? I doubt that because I know usdt users with large amount of money and their address never get blocked, I suspect that affected users are into illegal stuffs.
|
|
|
|
|
I swapped all my shiba inu for a layer 1 project after it pumped a bit days ago to 0.000016$, I still believe in the project but it has less use case to compare to other useful projects in the space.
|
|
|
|
|
The more risky a project is the more bigger your reward will be but if I have to invest in such project I will make sure they lose 98% of their value first, this way I will have a peace of mind and the chance of recovery will be high.
|
|
|
|
Gala games are working towards Gala Music and Gala Movies do you think that this project can hit 1$ per token some day? I dont see any slacking with their development.
Gala issued in 2020 if i'm not mistaken, gala includes utility tokens, the price is traded today $0.06 meaning it takes 17x to reach $1, the team must really work max to reach the $1 point, with a supply of around 35 billion gallons at maximum scale, must have a large enough shareholder to reach $1. yes that's right, Gala for the current price is also very expensive for me, because if you look at coinmarketcap the gala has reached an ROI of 4607%, of course for altcoins with that ROI it is very expensive, so don't expect too much for Gala to reach $ 1 It's not impossible, there are few projects with billions of supply on coinmarketcap and they have good value too, in gala games case they have halving too that occurs every year I believe which will reduce the node rewards, I believe it makes sense but if BTC dumps to 10k we might see gala tokens at 0.015$, I will definitely buy more. |
|
|
|
|
We still have so many crypto unbelievers, 90% of humans out there are still waiting for regulations, people failed to understand that once the government have power over something it will block powerless people to achieve greatness, the insanely high volatility of crypto is why ROI can go as high at 1000%.
|
|
|
|
|
