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1  Bitcoin / Bitcoin Discussion / Re: No risk no gain on: April 28, 2024, 10:58:31 PM
To invest in Bitcoin, you don't have to go around saying, Let's invest in Bitcoin. It's totally a personal choice. Because investing in Bitcoin requires you to believe in it and have the courage to take risks. In the beginning, many did not have the courage to believe and take the risk of investing in Bitcoin, as you did at the time, and now regret it as the price has surpassed its previous record. But if Bitcoin didn't reach its new ATH and instead the price continued to decline from the price you saw, you might not have regretted it. Instead, you would regret ever thinking of investing in Bitcoin.
  However, I think you need to further educate yourself by gaining proper knowledge about Bitcoin before investing in it. Because you said, you told your brother to invest 50%–50%. But what you may not have known is that instead of buying 100% of your entire bitcoin, you can buy any amount, however small. And then, if you could have done your own research and gotten the right idea about Bitcoin, you wouldn't have needed to ask anyone; you would have taken the bold step to invest yourself and hold on. But we all seem to have some regrets about investing in Bitcoin.
You can still invest in Bitcoin if you want. But in this case, you have to test enough patience as well as have the courage to take risks. And of course, invest what you are prepared to lose.
2  Economy / Economics / Re: How safe is it to keep your money and gold underground? on: April 28, 2024, 06:16:12 PM
I mentioned in the post that my grandmother was an old person and her thoughts would not match ours, and she didn't know about investing in real estate, bonds, or stocks. And please don't think his fund is illegal.
     These dollars are her hard work because she was a public school teacher. He kept his hard-earned funds this way because he didn't want to lose them. But in terms of money, he invested quite a lot of money, like in a in a cattle farm and in the agriculture sector. Because he lived in the village. Not only that, he used to leave all the money on the ground; he used to spend money on all the necessities. But yes, gold and silver were taken out very little. And some family members knew about this secret place of her. You will be surprised to see that grandmother has arranged the interior of her secret place so beautifully, which is really admirable.

But my mother was afraid to invest because she had learned about several scams and also had a negative perception of banks.
  But I thank you all for answering my questions very nicely and solving my problem. I told my mom about everyone's opinion. He realizes his mistake and agrees to invest his money instead of burying it in the ground like this. I really didn't know that much about the subject, so I loved burying the treasure under the ground like that.
  Actually, everything has positive and negative aspects. And as times have changed, so must we.
 Thank you all again.
3  Economy / Economics / How safe is it to keep your money and gold underground? on: April 27, 2024, 04:32:22 PM
l watched my grandmother many years ago put her dollars, gold, and silver ornaments in a plastic box and bury them in a hole in the ground, marking the spot so she wouldn't forget it later. If ornaments or dollars were needed, she would fetch the necessary items from under the ground, unseen by all. The work is a little difficult, but she has been doing it for almost 30 years, and she is now an old woman.
     I was very surprised by her strategy. I liked it, and at the same time, I was curious as to why she put it that way. When I asked her, it would be better to keep the funds in a safe place at home or in the in the bank instead of like this. She then told me that neither the house nor the bank are safe.
 Based on that formula, I saw my mother adopt the exact same approach. The mother also has the idea that the bank or house is not safe for these funds, or that it is not a safe place for the money. Because keeping these funds at home is very risky, you should be wary of thieves, robbers, and even rats. Again, in the case of banks, I have heard about the bankruptcy of big banks. Also, if these things are kept in the bank, you have to pay a separate additional fee, and the tax is different.
    That's why they consider this novel method to be safe and confidential.
Also, they are senior people, so they have no idea about the crypto world, and it may take me a long time to understand them.

Many may be confused by reading my title. Some may find this approach ridiculous. But this is a different technique and experience for me.

 Now I want to ask everyone:
    Have any of you ever been aware of this technique before?
And do you think we can keep our savings and wealth underground by adopting this strategy and considering it the safest?
And that being said, how safe do you think it is? At this time?
4  Bitcoin / Bitcoin Discussion / Re: Please, I urge you to buy bitcoin! on: April 25, 2024, 03:50:11 AM
^^^ With 8 billion people on Earth, that's (on average) 262500 satoshi's per person. Plenty enough to do business with.

Cool
I agree and thank you for the information.
To invest in Bitcoin, we don't have to tell anyone to invest in it. It will completely depend on their own choice and freedom. Because many people in the world still don't know what Bitcoin is, and maybe even after knowing about it, many people don't want to accept it or don't like to take risks. But yes, we do our best to share the Bitcoin price, benefits, risks, important issues, and information with everyone. The rest is entirely their decision, whether they invest or not. Although Bitcoin is accessible and affordable to everyone, anyone can invest in it. And the more people continue to invest in it, the more its popularity and value will increase.
5  Economy / Economics / Re: It's better to invest now than to regret it in a hospital bed. on: April 22, 2024, 02:46:50 PM
None of us want to think about our investments or our financial assets while lying in a hospital bed. Rather, we will be concerned about my well-being, the future of the family, and their position in my absence.However, investing in Bitcoin is undoubtedly the easiest and safest investment, and it is also easy to manage. But you must think about the future along with money. Because none of us knows what will happen in the future. Living in life requires health, which is very precious. And enough money is needed to keep oneself healthy. While investing in Bitcoin is a great investment, it is not the only investment you can make. There are opportunities to invest in something better than Bitcoin. For example, real estate, stock investments, and health insurance. Although investing in Bitcoin has been giving good returns since its inception, but it is not worth regretting while in the hospital bed. Rather, there will be far greater things to regret.
6  Other / Beginners & Help / Re: Always do your own research (DYR) on: April 16, 2024, 02:39:13 PM
Never follow the path shown by others without having proper knowledge about crypto. Most newbies come to invest in crypto after being lured by social media or YouTubers' catchy words. And to do so is to destroy oneself with one's own hands. Because it is necessary to properly research, observe, and understand the market about cryptographic risks before investing. And to do this, you have to be patient enough. Patience has to be tested.
 Before the person invests in crypto, he must have done proper research, know about the risks, or his friend should have told him about them. You only invest what you can afford to lose, and that is the policy of crypto. But it has been a lesson for the man, which will be of great use to him in his later decisions. Because people learn from mistakes and gain skills.
7  Other / Beginners & Help / Re: When you make mistakes, do not fail to take corrections. on: April 14, 2024, 01:53:20 PM
Humans make mistakes, and none of us are above mistakes. But the problem lies in keeping yourself locked up in fear of making a mistake. We learn from mistakes and correct ourselves so that we don't repeat those mistakes. No one here is omniscient, and no one knows everything. Especially those who are new are mistaken by us for having limited knowledge about crypto. It is not wrong to do it, but not admitting wrong is a crime. And then repeating the same mistake over and over becomes worse. So we must have the attitude of admitting mistakes and correcting them. If you are wrong, advice should be taken positively without arguing or criticizing yourself unnecessarily.
Everyone makes more or less mistakes in this forum, especially newbies like us. Being newbies, we need to expand our knowledge base by reading the posts here to know and learn. And the forum is a learning place where one can gain knowledge through every board. If you give yourself enough time and develop the patience to read within yourself, you will find the solution to your problem here and prevent yourself from making mistakes. And, of course, reading posts is much better than writing posts.
8  Bitcoin / Bitcoin Discussion / Re: Bitcoin the HERO we never knew we needed on: April 13, 2024, 04:50:13 PM
My question to us right now do you think Bitcoin will eventually erase the commercial banking sector???
It is not possible now. However, if that happens, it will be many years later. Because Bitcoin was not created to replace fiat but as an alternative currency to fiat. Bitcoin will never be regulated by the government cause it is decentralized. Banks, on the other hand, are fully centralized and controlled by the government. As a result, banks are inextricably linked to our economy. Because of this, we cannot continue without banks. Although Bitcoin offers financial freedom and security compared to the traditional banking system, it is not possible for Bitcoin to wipe out the commercial banking sector.
9  Bitcoin / Bitcoin Discussion / Re: Hodling or selling? on: April 12, 2024, 03:25:14 PM
The most important thing here is how you want to manage your portfolio. Because you should invest what you are prepared to lose and hold on patiently. Also, how much profit you want to earn from your investment is entirely up to your choice or decision. Yes, it is true that not everyone can HODL because it is not easy to do either. Hodl requires a lot of patience. Those who have accumulated bitcoins for years are testing their patience by not giving in to temptation and keeping their emotions in check. Since Bitcoin's halving is so close, those who are patient enough to hold on and not sell despite the price reaching ATH can make good profits in the future.
10  Bitcoin / Wallet software / Re: More than 10 phishing wallets detected on the Snap Store, be careful on: April 03, 2024, 06:24:40 PM
Quote
Always have a decoy wallet, in this wallet you must reserve a amount that you are willing to lose (something like US$3 ~ 50) when testing a new wallet just downloaded, you enter this test decoy seedphrase, after all, these fake wallets usually have a malicious code to drain wallets immediately as soon as a wallet with amount is imported, so if your decoy wallet is drained, you will know right away that it is a scam wallet.

Should we use our funds to test for fake or malicious wallet? The points you stated above may be right to some extent but to be frank, you have to make sure you are downloading these wallets apps from the right source, which everyone knows as their official web. Play store, can no longer be trusted so even if you are downloading from Google Play store or other official stores, you should make sure that the website redirects you there. Don't click unknown links to download so as to avoid downloading Trojans or malicious apps.
This way, you don't have to test the authenticity of the wallet with your funds or having to try a decoy just as you stated in your op.

Obviously for someone with experience it sounds unnecessary, but most people don't even understand why an App is in the store, so for the average user, they only know how to go to their app store and download. What is clear is that if you download an App to store money you should follow a security guide. Any Wallet, even a HW, can be compromised. If you use trust as a basis for downloading any software, you are making the first mistake, even if you download a wallet from the same website and follow any of the steps mentioned. Then, testing a wallet with $100 does not offend my knowledge, it strengthens my distrust.
After reading the thread, I had the same question as Hatchi: Why should we use our funds to investigate fake or malicious wallets? Why even a small amount?
     Later, Airbin gave a nice explanation in its comments. Although I don't know much about technology, but I have a stupid question on this topic that I want to share with everyone. Sorry if anything is wrong. I don't know how well I will be able to explain my question.
     The question was, after receiving this small ($3–$50) amount of funds, how do fake or malicious wallets intend to destroy the wallet? I mean, if they cheat that small amount, those wallets will be under our watch, and we will be careful to manage the wallets. Later they will have no opportunity to cheat.
   Again, it may be that the fake wallet is not emptied after importing these small funds. But later, when we trust these wallets and start depositing good amount of money in them, can they start fraud?
    Although, I don't have a proper idea about Decoy Wallet, but I got some idea about it by searching on Google and I want to know more about Decoy Wallet.
11  Economy / Trading Discussion / Re: How To Make Money Trading, Even When You Are Wrong on: April 03, 2024, 06:00:52 AM
YouTubers often fake the truth to make their channel more attractive and make money. So trusting the internet or YouTube without checking something would be a wrong move. I mean, never assume that other people's tricks will work for you. Just like you can't learn to swim without getting in the water, you can never learn trading by copying strategies shown by others without doing your own research. We learn from mistakes and correct those mistakes to make ourselves more experienced and skilled. So to improve your trading skills and expand your knowledge about trading, you need to do your own research and have the right strategy and understanding of the market.
12  Bitcoin / Bitcoin Discussion / Re: DO NOT BRAG ABOUT YOUR BITCOIN on: April 02, 2024, 03:34:20 PM
Bragging about Bitcoin means increasing your risk or bringing your own danger. Because there is nothing to be proud of. So don't make the mistake of telling anyone about your own crypto. You are not allowed to reveal how many bitcoins you have in storage. It is most important to keep it secret. Because it helps protect your privacy and security. It also reduces the risk of theft or fraud. Because if someone knows the amount of bitcoin you have, they can track you. To access your wallet or your user to track the wallet or your system. This is why I consider it safe to store BTC in multiple wallets. Although MultiSig is a really great feature that protects an investor's Bitcoin perfectly,.
However, if I'm not mistaken, CitBitCty made a thread on a somewhat similar topic a few days ago. https://bitcointalk.org/index.php?topic=5485048.msg63658943#msg63658943
13  Bitcoin / Bitcoin Discussion / Re: Would you invest in BTC or MicroStrategy MSTR? on: March 31, 2024, 02:10:09 PM
The difference is that Bitcoin is decentralized and not controlled by a single entity. Hence, it is best to invest safely in a Bitcoin and store it in a secure wallet.
On the other hand, although I have never invested in MSTR, after doing some research, I found out that MSTR is controlled by microstrategy and is not as decentralized as BTC. Investing in MSTR is suitable for those who fear managing their portfolio on their own. Moreover, MSTR has good management and is capable of generating higher returns, but none of us know how it will perform in the future.
 So in this situation I cannot trust any third party. I like to keep my BTC in my wallet all the time.
14  Other / Off-topic / Aren't we getting hacked by unknown phone calls? on: March 28, 2024, 11:24:01 PM
Yesterday I suddenly received a call from an unknown number. I answered the phone and heard a muffled voice from the other side. I thought the voice could not be heard due to network problem. And meanwhile, the phone got disconnected, and I was busy, so I couldn't call.
     This afternoon the phone rang again from the same number. After receiving one asked, can you speak English? I said yes without thinking, and immediately the person on the other end started talking. His manner of speaking was: I have a job offer for you. You can do this alongside your work. $1500 will be paid per month. I was surprised to hear such amount. What kind of work? He replied that he could do content for their YouTube channel. He also said many other things. (The guy was speaking almost so fast in the local language that I couldn't understand anything at the end.)
   Meanwhile, one of my friends sitting next to me saw my conversation and asked me to stop quickly. I immediately cut it off. Later, I got to know from him that it was a hacking call.
    This is called GSM hacking call, which does not connect the cellular data of the mobile while talking to the caller. Later, the mobile data connected to that network started getting hacked. So hackers try to pass the time by talking like this. And the numbers they use are all closed numbers that connect through the internet What a strange world we live in, where even our phones aren't safe anymore
    One purpose of my saying this is to warn you Maybe many are familiar with this type of hacking, and some are hearing about it for the first time.  Most of us understand these calls, but we talk too much to be a little naughty and have fun. Many people think that there is information in my mobile that can be hacked. But one thing we must always remember is that any personal information provided by others is enough to annoy you. So if you get such a call hang up without saying anything. Hackers are using hacking methods, so be careful yourself and warn others.
15  Other / Beginners & Help / Re: Is age a limitation in Bitcoin on: March 27, 2024, 02:47:26 PM
It is true that age, race, religion, or caste do not prevent anyone from investing in Bitcoin. Rather, Bitcoin financial security helps with freedom because it is decentralized and Bitcoin investments act as everyone's own bank. Moreover, every centralized exchange has certain conditions for registration with a certain age limit along with personal information, which we know as KYC. Your registration is canceled if you are below the age limit. And for this matter, I was a victim of this several years ago. I could not open an account for myself due to the age difference. I had to wait until a certain age. (And it was very painful for me.)
However, you must remember that no matter your age, before investing in crypto or bitcoin, you need to be secure and aware enough about your wallet and gain proper knowledge about the risks of bitcoin. The more you read, the more you will learn, know, and master.
16  Bitcoin / Bitcoin Discussion / Re: We should be looking only at the brighter side on: March 23, 2024, 03:25:43 AM
Respectfully I disagree. Yes, bitcoin has helped a lot of us and I would never downplay the benefits bitcoin has given me. It is indeed one of the most innovative and smartest projects the 21st century has given us however being blindly optimistic is not gonna help anyone. We have to acknowledge that bitcoin is not perfect and requires more work done. If we want to maximize everything bitcoin can offer, we have to think of ways how to make it even better.
Moreover, every investment carries some degree of risk, and investing in Bitcoin is no exception. Bitcoin is a popular and volatile currency and has both positive and negative aspects. However, even if it takes a positive turn now, it is difficult to say when the market will turn. Because Bitcoin has been going through many ups and downs and is already taking bold steps towards the bright side. However, we have to keep in mind the risk side, along with all the positive aspects of Bitcoin. Because, as you say, more work needs to be done, and if we want to maximize all that Bitcoin has to offer, there is no doubt that we need to think about how to make it better.
17  Economy / Trading Discussion / Re: Success is a meaningless word without failure. on: March 21, 2024, 05:43:55 PM
None of us are perfect or above mistakes. People learn from failure. But no one wants failure in his life. Yes, it is true that success cannot be tasted without failure. So to reach the threshold of success, it is necessary to embrace failure.
Trading is not easy, and it is not a get-rich-quick scheme. Trading involves a high level of risk, due to which traders must have proper trading knowledge and market awareness. If you don't know the trading strategy, your chances of success are low. Trading by a trader requires skill and a lot of patience. A skilled trader is able to learn from his past mistakes and become proficient in trading. On the other hand, you also have to remember that trading is not for everyone. If you repeatedly fail in trading, then it is better to hold on for the long term.
18  Bitcoin / Bitcoin Discussion / Re: Minimalism in Bitcoin would slow your accumulation process on: March 21, 2024, 07:32:48 AM
The problem you're describing is all about greed. People who didn't buy as much bitcoin as they could back when price was in $20k-$30k range were greedy thinking price would fall down more. I remember the topics telling them (or rather fooling them) into believing price is going down as low as $15k so they waited and refused to buy.
That means they are very greedy. The reason I said that is because bitcoin still fall below $20000. I can remember that bitcoin got to $15500. That was in December 2022. But such people may still think that bitcoin price will continue to fall lower and their expectations may fall to bitcoin will fall below $10000. Even if bitcoin fall below $10000, they may not still buy and expect the price to fall further. Later they will be blaming themselves after the price increase. Bitcoin stayed below $16000 many days before it started increasing in January 2023 when bull run started at the time.
Maybe I am on the list of such people because this greed has happened to me during this bull run season. I was waiting for the price to drop when BTC was at $26k. The plan at the time was that I would buy BTC when it dropped below $20k. But I can't exactly call it greed, but my brain was refusing to buy BTC at this price. I will stumble, the price will fall further, I will wait for a few days for the price to fall, and I will not buy now. These things used to go through my mind again and again. On the other hand, I was a newcomer to crypto, and at that time I was not even a member of the community, so I was afraid to take risks because I didn't have the right knowledge. I was stuck in FOMO. Some of my friends scared me of losing money, so I didn't dare invest in BTC anymore. And now they finds no other way but to regret.
But I'm happy to think that I started accumulating bitcoins little by little using the DCA method after learning about this forum. And I believe the DCA method will play an effective role in later periods and will yield good profits.
19  Economy / Speculation / Re: Buy the dip people!!! Could be last chance for prices this low on: March 16, 2024, 03:44:17 AM
Bitcoin is currently undergoing a correction back to the $60,000s. Around $68k now, got down to $66k.


This is the time to buy before the bull run really gets going. This MIGHT be the lowest it gets. While a deeper fall during this correction, or another correction in the near future, is certainly possible, this might also be as low as it gets. After the near future, the only time it might get this low again is in like two years on the next bear market, and these prices may be the bottom of the bear market.


So anyone who has money sitting on the sidelines and who wants to buy Bitcoin, today is gonna likely be one of the lowest days we're gonna see for at least the next 18-24 months, and maybe forever! Buy!

The bitcoin market always goes through unstable and unexpected situations. And that's why I don't think that the depth of 68K is very high. We can still see more dives. The market may go down further. Because it is a dynamic market that is never controlled by anyone. However, this is a very good opportunity for those who have waited for the correction before entering the market for so long. It may be that before the bull is running, it will see it lower for the last time. So they should seize this opportunity.
Also, this is a great opportunity for those who are using DCA. They now have a good time to add Bitcoin to their portfolio.
20  Economy / Speculation / Re: Bitcoin might reach $100k before halviing. What is your exit strategy? on: March 15, 2024, 03:45:19 AM
Bitcoin is rising upwards in terms of price continuously. Many are predicting that it will reach $100k before halving. In case that happens, do you plan to exit at that price level because of possible correction at that levels ? What is your exit strategy  with bitcoin once it reaches $100k?
There is no exit strategy to say with honesty about Bitcoin. When you want to get out, your profit depends entirely on you. I have heard and seen many of Bitcoin's ups and downs in the Bitcoin market. And every time, the prices have exceeded the record after halving. So I'm planning to hold Bitcoin. If the price of bitcoin reaches $100,000, I will not exit; I will keep my emotions under control. Rather, once the Bitcoin correction is reduced, I will start buying Bitcoin more and more. Because I believe Bitcoin will make a more profitable profit later.
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