What do you mean they will trade all their fiat for Bitcoin? Because at this time Fiat is still important in goods and not all merchants are using bitcoin as payment options online.
Although it is good and in our favor if the majority of people around the world will invest in bitcoin because when this happens there is also a great chance that the value of bitcoin will rise, but it is not to the point that there is no fiat left to buy our needs on a daily basis of course.
You are certainly right, our Fiat is still very important. We cannot buy all products and all things using Bitcoin everywhere. If I say that I have to buy some useful goods. Then if I ask the shopkeeper to do transactions through Bitcoin, he will definitely disagree and there are also shopkeepers who don't believe in Bitcoin, then what to do? Of course then you will need your own country's fiat. We cannot use Bitcoin for many such tasks. There the importance of own country's fiat is immense. |
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Did you manage to convince your dads or other older people in your family to buy BTC?
No, No , No I will never encourage my father or my neighbor's old man or any other person to buy bitcoins on their own. Because I myself do not know what the market condition is. Since they are not interested on their own, if I force them to invest in these cryptocurrencies and then if they suffer losses then everything will be on me. But if they want to know everything about crypto currency and want to buy Bitcoin, or any kind of help about Bitcoin, I am willing to help. |
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Nice job by the OP who buy bitcoin for his niegbor please teaching him more about the crypto space investment will help him to know more potential an benefits about bitcoin welcome to bitcoin club his now a member of the club.
Very nicely said, but we constantly see a lot of investors come into Bitcoin and they buy Bitcoin. That doesn't mean he can be a real and successful bitcoin investor. Because if he doesn't know anything about Bitcoin then after a few days he will lose his wealth and disappear from here. Before investing in Bitcoin, you should have a good knowledge about Bitcoin. Otherwise, you will only lose your own money by making the wrong investment. |
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Need your Bounty Manager? Call me Telegram |
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Need your Bounty Manager? Call me Telegram |
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I'm available. If you have any plans to run a bounty on the Bitcointalk forum, I am interested in managing your project's bounty.
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Current number of post (Including this one):
Rank: member
Btc address: bc1q7l44lqme4zpt68dsla062fnjzm40zd23pevejg
Merit earned in the last 120 days: 20
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Current number of post (Including this one): 196
Rank: Member
TRC20 address: TGuFkVY1CFWhAufGN6trhP9Y6Uz3aWyGQi
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❗️Longest 🥇 Bitcoin Bear Market Ever: 👇
2011 Bear Market (163 days)
June 8th, 2011 - Nov 18th, 2011
2013-2015 (406 days)
Dec 4th, 2013 - Jan 14th, 2015
2017-2018 (364 days)
Dec 16th, 2017 - Dec 15th, 2018
2021-2022 (426 days)
Nov 8th, 2021 - Jan 8th, 2023
Source: @Cryptocurrency_Inside
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You shouldn't need to be shocked by the state of the market, in my opinion. What caught your eye?
I'm confident that nothing about the current market condition will surprise you if you have held your asset holdings and experience in the crypto market for a long enough time. because, of course, the length of time you spend in the cryptocurrency market gives you experience.
You can find out what happened by following the news on a few social media platforms. Even though you have sold all of your possessions, you still keep track of the social media accounts you follow.
Whatever your motivation for returning to the cryptocurrency market, perhaps this is the ideal time to resume your investment strategy.
Surely this market will surprise him, if he understands how to invest in the market. Because the price of bitcoin is very low in the market now due to which the price of all tokens has decreased. If he understands investing then he will invest this time and wait until it is right. And from this bear market he will have better experience about trade. So it is better to look for the good aspects of this market instead of looking at the bad aspects only. |
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Just looking at trading from an outside point of view , basically newbies or people that hasn't traded at all, it looks like the most simplest and easiest way of earning money, because you necessary don't have to do hard physical work to actually start earning money, So this makes it look so attractive for people to want to trade. While in the real sense it not so , only easy for people that understood the game.
Actually said a true thing. People who are new to cryptos run after trades first, they think that it is easy to earn money from trading. And they spend their money on trading without understanding anything about it. And they lost all their money in a few days and completely disappeared from the crypto currency world. I think they are stupid. Those who want to trade should first acquire good knowledge about trading. Unnecessary trading will only lead to loss which causes disappointment in his life. |
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Thank you for providing this information. But if you want to post anywhere then you must search there. So that your post is not copied. Of course you have posted well here, but you can take a look if someone else has posted this information here before you, since you are posting later, your post might be considered a copy post. Before posting something to give information, it's a good idea to check if someone has posted it before you. |
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I was firstly motivated into gambling for profit reasons. I believed it was possible to make decent profit wagering at dice game to grow my bitcoin holdings progressively. Tried several times with different configurations through the usage of bot, but ended losing my satoshis earned from faucets. After several attempts I realized I was seeing gambling in the wrong way and if profit was my goal I would have to find a different activity to fulfill my objectives, remaining gambling solely as entertainment to play from times to times at the company of friends and family, if possible.
If you want to gamble you can profit from it. But for that you have to bet there. You need to know about the things you bet on. Gambling is something that if you ever bet on something, you have to put your full faith in it. And if you accidentally lose, you lose all your money. So not only gambling, you can bet after the gambling you are good at, then you can definitely profit from gambling. |
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I am convinced that trading cannot be taught. At all. Of course, you can teach a person the basic skills and understanding of how the market works, but he can only learn trading himself if his type of thinking is appropriate for this activity. I have seen many times those who have been trained, read books, watched a lot of training videos, had a mentor, but this did not lead to any positive result, such people never learned how to make money on trading. In my opinion, it's all about the type of thinking and psychology. I can’t explain exactly what criteria are needed, what kind of mindset is needed, but usually a person himself understands that this occupation is not suitable for him. Those who fail to understand continue to waste their time and money trying to master this profession.
Of course it is possible to learn trading if your mind to tried. If something can be tried by oneself then it is definitely possible to get success. If a newbie wants to learn to trade, he needs to spend a lot of time on cryptocurrencies. And he needs to acquire a lot of knowledge about crypto currency. But that doesn't mean it's just profitable.No matter how much knowledge he acquires about crypto, he will definitely lose when he first enters the market and if he catches his mistakes from there and corrects those mistakes later on, he can definitely become a professional trader. It is not impossible. You just have to have your own morale, desire and hard work. |
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I wonder what is the difference in bankroll management for exchanges and casinos, of course the casinos also need to keep money and shouldn't use costumers funds for investment (like what Sam did on FTX), do you think the idea of proof of reserves, getting popular right now with exchanges, will happen with casinos too in the future?
For big and regulated casino, it will happen in the future. While the small and unregulated casino, they're easy to avoid to get regulated until they make huge cash flow and get a radar from governments, so in the end they can't hide it anymore. Honestly I think a developed casino should try to expand their casino even though they need to tightening their rules, because people wouldn't really care with KYC as long as the site is really trusted. Of course, KYC is important in this casino to gain everyone's trust. If there is no security through deregulation then no one will believe it so easily. And to build a quality casino, they first need to gain trust from everyone. So that no one is deceived from here. |
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congratulate! We don't have any shopping malls here that use cryptocurrencies for payment. But people around me have already started to understand Bitcoin. A friend of mine is also considering cryptocurrencies as a form of payment. Perhaps next year, bitcoin payment will be one of the frequently seen payment methods. If I ever come across a supermarket that accepts Bitcoin, I might try to pay in cryptocurrency.
Actually you are right we don't even have shopping malls where we buy things with bitcoin. But many people here are quickly gaining knowledge about Bitcoin. If this continues we will see Bitcoin legalization in all countries within a few years. If we who know better about Bitcoin spread the good aspects of Bitcoin to everyone then definitely Bitcoin will become popular and trusted by us one day. |
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