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81  Bitcoin / Bitcoin Discussion / Re: What do you Think might aid the global adoption of Bitcoin? on: October 01, 2023, 02:57:58 PM
Different countries have taken different actions on the usage of bitcoin. In Bangladesh there is N incident in which the users were arrested. Even after that the usage of cryptocurrencies haven't decreased, people find ways to continue using it. There are very few number of countries that have legalized the usage of cryptocurrencies whereas the majority stay neutral. El Salvador have taken the right decision and have made it the legal tender. More countries were predicted to follow it, hope more good adoption happens through them


Yes, you are right, Bitcoin is more likely to be legalized in all countries. But it is not only necessary to look at getting the legalized. It is also necessary to look at its proper use. As easy as it is to transact here, fraud is also high. If you accidentally give your money to someone else, you have no recourse to get that money back.Also, the reason it's not legal in other countries is because the government doesn't get its taxes.
Governments like banks don't get taxed on bitcoin transactions here. So whoever wants to do the transaction. Which is not covered by the government.
So don't just think about the legality of Bitcoin, you should also look at its downsides.
82  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 👉 Cogwise Presale Bounty Campaign | 4wks | 6 platforms | 1 millions $COGW~ $65k on: October 01, 2023, 08:22:36 AM
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83  Bitcoin / Bitcoin Discussion / Re: What other ways are available for purchasing Bitcoin? on: March 20, 2023, 12:07:29 PM
Purchasing bitcoin without involving a bank will be hard, for instance here in my country if you say, you don't do a bank and hold cash all the time, you get someone to buy the bitcoin from and you gave the person the cash. The person needs to save the money or else the money will be idle instead of saved and converting it back to bitcoin. This is just a scenario which hard for you to have face-to-face conversations with your buyer or seller



I agree with you that bitcoin without a bank is very difficult and there is a fear of being robbed. But is the bank absolutely safe? Can't I keep my money safe in Bitcoin?
Of course I can do all these things in a bitcoin wallet. I can use bitcoin wallet to store my money. Where I can add high security so that my money is not lost.
I mean even in Bitcoin you can keep your money safe. If you can add all security.
84  Economy / Trading Discussion / Re: Never Trade on Emotions on: March 20, 2023, 11:56:48 AM
I call them panic traders. Panic traders are those who want to get rich quickly by coming to new training and are always afraid of bad market conditions. They trade without understanding the market conditions and after a while when the market starts to go down they think that their money will run out. Then they panic. And then they  again buy and sell again which keeps them in constant panic. Which is not true. Trading the market definitely requires a lot of patience.
Sometimes don't blame whoever that is into buying and selling or investing in short term, I believe that bitcoin have a fluctuations measure which put fears in the mind of short term investors, sometimes they panic because they capital using to trade is basically borrowed one, so they are inquisitive to make profit at any point in time, and they panic to sell because they are curious to recover the funds lend to start up buying and selling of cryptocurrency and especially bitcoin precisely.
Of course I blame them. Because crypto is not common, it's not like they're going to come here and make huge profits very quickly. They must first understand and know everything, only then he can benefit from it through his hard work. And I will not tell anyone to invest borrowed money or nessesary money you need in crypto. Because there is no telling what the market will happen. If all your money is lost due to bad market, then you will face many problems in real life.And you don't just think of living your life by investing in this Bitcoin. I think in real life you need a job that will help you run your family. Just invest your extra money here. So that you can be patient until Bitcoin goes up and you don't face any problem in real life for your invested money.
85  Economy / Trading Discussion / Re: Why Beginners Should Not Go For Future Trading? on: March 20, 2023, 11:40:29 AM
but if you want to master it you really have to learn about it, but with very little capital to see how far we can grow.
I've seen some of my friends do that, they say it's very easy for you to get money and also lose money.
Your friends are right, they may have talked about the future trade. There you can earn a lot of money in an instant and lose all your money in an instant. It just depends on your trader leverage and liquidity. The more you trade futures with 10x, 15x, 20x the more ricks your wealth will lose. So one should never trade futures without proper training. You can easily profit from spot trading if you want, but it takes more time but less risk.
86  Economy / Trading Discussion / Re: Why Beginners Should Not Go For Future Trading? on: March 19, 2023, 04:46:56 AM
You will not find anyone in the market as new traders. Because those who are real traders first of all gain a lot of experience and then come to trade. Would you now say that all traders are experienced? I would say not at all. Because here also some new traders come and go constantly. They rush into trading and without understanding anything about the market they trade upside down and lose all their money and they also get lost from trading. And for them both futures/spot trades are risky.
87  Economy / Trading Discussion / Re: Never Trade on Emotions on: March 19, 2023, 04:27:32 AM
I call them panic traders. Panic traders are those who want to get rich quickly by coming to new training and are always afraid of bad market conditions. They trade without understanding the market conditions and after a while when the market starts to go down they think that their money will run out. Then they panic. And then they  again buy and sell again which keeps them in constant panic. Which is not true. Trading the market definitely requires a lot of patience.
88  Bitcoin / Bitcoin Discussion / Re: What other ways are available for purchasing Bitcoin? on: March 17, 2023, 06:06:05 AM
There are several online payment/wallet apps in my country (regulated) that are accepted for deposit methods on some local crypto exchanges. It's not difficult to top up wallet balance because retail partners are available even around me (remote area). This application also allows you to buy bitcoin f2f or exchange crypto vouchers/giftcards between anyone who is willing.
Of course, like you, I could also advise him to use other means of transaction other than the bank in my country. But as I do not know what country he lives in, I cannot say what means he has in his country to transact with anyone other than banks. I believe that in all countries there are many ways other than banks to do business with everyone. He can buy bitcoins using those methods in his country if he wants.
89  Bitcoin / Bitcoin Discussion / Re: How do you interpret the fluctuation of Bitcoin price ? on: March 17, 2023, 05:57:32 AM

Bitcoin fell to as low as around $15k and people were still asking this question if it was the right time to buy Bitcoin. Even if Bitcoin were to fall to $5k or below, I believe instead of people to massively buy they will be questioning if Bitcoin is Dead. Price fluctuation or volatility is normal in the Bitcoin market and even new investors should take advantage of this current price if they really want to invest.

Of course, if Bitcoin ever drops to $5k, people will be more concerned about whether Bitcoin is dead than investing here! Will Bitcoin end? I would not, however, think that those who actually invest in Bitcoin are always waiting for a bear market in the market.They know that the market will give us an opportunity to invest, that is the bear market. Bear markets have always been behind Bitcoin's rise from lows to highs. So is Bitcoin over? Of course not. It's best to use that as a good time to invest as we have many bear markets coming up next.
90  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a treasure. on: March 17, 2023, 05:47:55 AM
-snip-
Confusion is only created by those who do not understand bitcoin and how to treat bitcoin.

I think they are still idiots who don't understand Bitcoin yet or haven't learned how to work with Bitcoin. The demand for Bitcoin is huge in our civilization and I think the demand for Bitcoin will increase in our next generation. So those who have not yet understood Bitcoin are still far behind this civilization. They only create confusion among everyone without knowing what Bitcoin is. And so I think it is better to stay away from them.
91  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a treasure. on: March 16, 2023, 05:47:21 PM
Bitcoin is just creating confusion. Understand Bitcoin in simple terms. The guy who spoke on the call was right. Because if your money is your wealth, then that person's money invested in Bitcoin is his wealth.Again, if you call your place wealth, then the wallet used by the person is the place to keep his invested money. He alone owns the place. So he can call that place his wealth if he wants. You can call Bitcoin anything you want, but Bitcoin is just Bitcoin.
The rest are just pseudonyms.
92  Bitcoin / Bitcoin Discussion / Re: How do you interpret the fluctuation of Bitcoin price ? on: March 16, 2023, 05:18:03 PM
Investing in Bitcoin becomes difficult for some people. They think Bitcoin is hard. But I don't think so, I invest there, sleep well. Don't worry so much about the money invested. Because I am a long term investor. I don't panic as often as they do. And I believe that Bitcoin will never stop. So I invested in Bitcoin and slept soundly until it went up.
93  Bitcoin / Bitcoin Discussion / Re: What other ways are available for purchasing Bitcoin? on: March 16, 2023, 03:45:36 AM
Do you want to buy bitcoins for free, without the help of banks? Of course not, because if you want to buy Bitcoin, you have to buy it with your own money. Now you can use other ways besides banks to buy bitcoins. One way is through P2P. You can also buy BTC directly from other people if possible from someone who sells you Bitcoin.।Otherwise you will find many buyers or sellers on Binance who can buy and sell Bitcoins from there if you want P2P. For that, you have to do the transaction in any way, even if you don't do the transaction through the bank.
(As I don't know which country you live in and what is the other way of transaction in your country other than bank. You can buy bitcoins without the help of a bank, just as you would transact with others without a bank in your country.)
94  Bitcoin / Bitcoin Discussion / Re: What do you Think might aid the global adoption of Bitcoin? on: March 15, 2023, 04:31:28 AM
The first and most important factor for bitcoin to get global adoption is for people to look at bitcoin as a currency, not as an investment. When people start looking at bitcoin as a safe, easy, and decentralized way of peer-to-peer payment and stop looking at the rise and fall of the price, then we are ready for global adoption.
Of course it's important. But most of us use Bitcoin as an investment. There are some people who invest in Bitcoin without knowing well about it and do corruption through Bitcoin, make illegal transactions through Bitcoin. Because of which the government can't know anything and can't stop it, which leads to the collapse of Bitcoin. If we use bitcoin as a currency and securely transact bitcoin it will be ready for global adoption.
95  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin cannot be a Bank? on: March 15, 2023, 04:21:40 AM
You may not remember the early demand for Bitcoin, when the Bitcoin journey first started, the price of Bitcoin was very low.
Could you have imagined that Bitcoin would reach this stage? Of course not, because if you knew then you would have held onto Bitcoin and you would have been in the top 10 richest people list today.Since you can't know the future, you can't tell whether the next generation will continue to trade with Bitcoin. This little argument of yours will not stop Bitcoin.
Do you look at El Salvador and see that everything can be done with Bitcoin before? Of course not. But now they have turned 'no' into 'yes'.
Such next generation can turn 'no' to 'yes' in all our countries.
96  Bitcoin / Bitcoin Discussion / Re: Trust in cryptocurrency? on: March 15, 2023, 04:06:37 AM
People who don't trust crypto don't know what is it.

It's normal that most people don't even know that bitcoin is a revolution happening in front of them. I think it's because people tend not to follow new technologies and just ignore the stuff they don't understand.

But I'm sure that soon enough even these people will be into bitcoin and will be using it.
Of course, I would also say that people who don't know about bitcoin or cryptocurrency yet have no interest or desire to learn anything new. They are far behind this civilization. If you don't believe about this bitcoin where almost many countries transact through bitcoin then you are nothing but a fool. Bitcoin may have downsides but if you know everything well and invest here, you can be a good bitcoin investor.

You just need a lot of patience and strategy.
97  Bitcoin / Bitcoin Discussion / Re: Trust in cryptocurrency? on: March 14, 2023, 05:14:10 PM
Most of the people around us do not know about Crypto Currency. But those who know as much is through online.  Where I live most people don't know what crypto currency is?  But one thing I have noticed is that if they are asked about Bitcoin they say that they have heard about Bitcoin and they know about Bitcoin from different news media where there are various discussions about Bitcoin. But even if they don't know about Crypto Currency, they have a lot of interest to know about it. If they are given enough opportunities to learn about Crypto Currencies then I think they will learn them carefully and learn about Crypto Currencies.
I would never say that you educate them about crypto at your own risk. Because you can never tell what happens in the crypto market. If you force someone to know about crypto and he invests his much needed money in it with little understanding and later suffers losses then he will lose faith in crypto currency again. Then you may be responsible for the loss of his invested money.
So refrain from passing crypto currency knowledge on to anyone. If he willingly expresses his interest to you to know something about crypto or bitcoin then feel free to teach him about crypto and tell him about bitcoin so that he can know and understand better.
98  Bitcoin / Bitcoin Discussion / Re: my small investment on: March 14, 2023, 05:03:18 PM
If I have $ 50 then I will try to invest in Altcoins which have prices ranging from $ 0.1 - $ 1.  I think it's more profitable.  Hoping for BTC to hit $140k and you profit around $300 is not worth it than expecting your $1 altcoin to hit $10 or $20 and you will profit around $500 or $1,000 and that can be achieved in about a year.  Those are my calculations and how I see $50 in the cryptocurrency world.
No I will never buy ask anyone to buy altcoins except Bitcoin. Because while Bitcoin is a reliable and popular coin and on the other hand Altcoins have no credibility and popularity, it doesn't seem like there will be any more. And if you can invest in Bitcoin patiently then it is possible to get double profit from there and it is very safe. So I will not go from bitcoin to invest in altcoins.
99  Bitcoin / Development & Technical Discussion / Re: What if all of the miners get the same answer? on: March 14, 2023, 04:51:58 PM
In simple term, the dad ( previous block ) does not want 2 kids, he only wants 1 kid, if there are 2 kids, one of them is orphaned. Such a cruel world, right?
Wow what a beautiful story. But what if the dad has the power to run the 2 kids equally? Then one more child will not be an orphan. Because the father has the proper power to run the two children, then both children will have equal rights to the father?
 Many have said, you have to choose any one?
What? I don't know what this man is talking about, lol. That was an analogy I used, it's not applicable to the real mining scenario. The whole network operates on a certain sets of rules, when you mine a block, you are confirming the previous block making it more mature, those who mined the blocks back in the chain, would continue to stay with the block which has the more hash rate behind it, so yes if you have more power you could win the battle by building on top of the longest chain, and others would as well follow. But you can't keep the two blocks for yourself, because that will become a fork and creates a new chain.

Some kids in the past thought they have the power to fork away and stay successful, look at their miserable garbage coins now. Lol.
I also tried to convince you that one you can never run two blocks. Because if two blocks are executed, the previous block will be cut, the new one will continue. So you can't run two blocks simultaneously if you want. That is why I am saying that even if a father can give equal rights to his 2 children, I can never run two blocks together.
100  Bitcoin / Development & Technical Discussion / Re: What if all of the miners get the same answer? on: March 14, 2023, 05:09:26 AM
In simple term, the dad ( previous block ) does not want 2 kids, he only wants 1 kid, if there are 2 kids, one of them is orphaned. Such a cruel world, right?
Wow what a beautiful story. But what if the dad has the power to run the 2 kids equally? Then one more child will not be an orphan. Because the father has the proper power to run the two children, then both children will have equal rights to the father?
 Many have said, you have to choose any one?
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