You're still your own person regarding this but as a piece of helpful advice, don't do this. The price is extremely volatile and being paid in bitcoin alone is already risky. Yes, there is a good possibility that you're going to get some boost in your pay but more often than not this doesn't happen. Not to mention the hassle you'll have to go thru just to be able to convert your crypto into cash that could be used for various establishments. I think this is a good challenge that you could post on social media platforms to raise awareness of what crypto really is but until the market stabilizes, which will take a long time, by the way, I would highly suggest you use fiat in the meantime. From what i read i think mostly it is already convert the crypto to fiat before spend it. And for me, no matter in what i get for earning, i will convert it to fiat and then spend the rest to made investment. I think fiat and digital fiat in all over the world is more simple than we convert our crypto first, especially nowadays there are a lot of local exchanges and can help us to withdraw fiat into our bank account.
Well that's the main gist of it. You get paid in crypto, you will need to convert it into fiat nonetheless. Until everyone on this planet decides to use bitcoin and cryptocurrencies in general for good, there's no way we could get out of this tiresome and often expensive process. Lightning network offer some promise but I wouldn't count on it. So personally being paid and using fiat for goods is the best way to get around things at least for now. |
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Will learning about bitcoin make them any smarter and help them in real-life scenarios that they may encounter in the future? Or will it just be another piece of garbage knowledge that would have little to no value for their future endeavors? Students right now are the most stressed every student has been, part of it is because of outdated information and useless syllabi that have little to no real-life applications. I would love to have it be included in an economics-related subject but thinking back in the days when I was still studying, I figured this would be a case of "the mitochondria is the powerhouse of the cell" type of knowledge. This is a great idea and student who take some courses about crypto trading analysis has a great future for sure. Blockchain system is invented about 10years ago . Already become popular in may countries . Even blockchain development courses today will make a candidate stand on his firm foot tomorrow.
Blockchain Technology could be studied in schools and be taught to students who have a programming-related course, otherwise I don't think anything that involves bitcoin and cryptocurrencies in general that does not concern the economics, and the technology behind it will be useful for these students. So if any educational institution were to ever include cryptocurrencies in a subject, it better be for something that is relevant and important. |
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Charts that have a definitive pattern like bitcoin's and ethereum's help me weigh my decision for when I am to invest and when I am to pull my investments out to save losses. Really that's the primary thing most investors here do with chart patterns for big coins like the one I mentioned above. Otherwise why would you look at a timeline chart of a coin with no real usability or price movement? We observe the chart pattern of a cryptocurrency that we are thinking of making an investment into it or already invested into it. But this doesn't help us do the right things all the time of course. Because we must be aware that we are dealing with highly volatile currencies. Charts can mislead people a lot like they did a few days ago when the market fell a lot.
Well that too and thank you for putting this into light. Keep in mind that you don't have to use these chart patterns as a gold standard because as valuable as their information may be, these are all just predictions that could go south if things went awry. So do your own research, but make sure that you do your own judgment as well. A lot of people often forget the latter, which costs them hundreds, if not thousands of dollars in losses. |
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It's not always fun and games when newcomers arrive, however. Remember that there are people who would try to one-up on everyone without sufficient knowledge about the stuff that revolves round bitcoin, there's also the possibility of FUD having stronger effects since the amount of newcomers in the market increases dramatically with each ATH. There has to be a counterbalance to this, otherwise we'll be overrun by newbies that would panic at the sight of a small dump. Good and worse both are very common thing in earthly life. Many of the newcomers have good thoughts they want to do well unfortunately many of them cannot reach their destination they just failure but many of us who are new comer their only purpose is to swindle money. So I think everyone needs to change their attitude first. Then everything will be more enjoyable.
It's all about their dedication and their willingness to go further even when others tell them to give up. I can't tell you how many people told me to quit on investing last year when the market crashed and everything went downhill, but do I listen to them? No, did I win? relatively. If newbies can only understand that bitcoin and investing in general poses more risk than your typical 9-5 job then they'd understand that earning money here is no easy feat unlike how other people make it out to be. |
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It's easier said than done. People who make speculations then post it on their channel and social media platforms mainly do so for the views and that's the truth. Not even the best of the best investors in the market could ever predict if by the next year bitcoin moons or not. But that doesn't mean that we all should be complacent or be scared of what might happen in the future. Just do what you gotta do, hold if you can, invest more if you can, and don't put all your eggs in one basket so in case bitcoin does dump you still have a backup with you. As a side consequence of predicting bitcoin's market price, if bitcoin surpasses the $100,000 barrier, something new will emerge in the crypto market, and its price will surge. Bitcoin will develop into a wonderful technology with the ability to change the world at this moment, there is a strong opportunity to invest and retain its price as economic technologies grow throughout the world.
And what is your basis for this ever happening in let's say, next year? I appreciate the enthusiasm and idealism and I think we need more stuff like this in the community but we gotta put some realism in the statement too man. We can't just flat out say it's going to moon to 100k next month or next year without prior basis for your statement. This is the same reason why people call bitcoin enthusiasts as a bunch of delusionals going ape over an intangible coin. |
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Only rule of thumb everyone should follow is don't invest what you can't afford to lose. If you fail to do that and your assets went downhill, you're properly fucked. That being said it is true that the biggest winners are the ones who invest the biggest bags. But those who really win here are the ones that have the balls of steel and would invest their money, wait until the market is much more favorable, and then take the winnings, those are the ones that deserve my salute. I think people who have a lot of fund will have opportunity to gain bigger profit. But it's not a guarantee. In my opinion, people who can gain profit from this investment are those who buy and sell in correct time. I only have small amount of money but it always doubled every bullish market trend. So I sold at that time then buy btc again when bearish market trend happen. Another example is, I bought TRX at lowest level at bearish market few weeks ago and now if I sell it then I can get 200% of profit, but I will not sell it now because I think bullish market trend is even not starting yet. So in my point of view, investing in bitcoin and other cryptocurrencies need knowledge and experience, not just big fund.
Long as the guy who invests have prior knowledge about investing in the first place, he should be good to go. The thing about having much more money is that you can diversify your assets, this will minimize your chances of overall losses and therefore will allow you to win more. The poor and the ones who are less fortunate do not have this luxury so we see small-time investors losing all of their stuff in one go. |
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I like your idealism of seeing bitcoin and cryptocurrencies in general as the glue that will put all this stuff together come the future but with a bit of realism, and without skepticism (yet), we could see that this is a bit too far-fetched really. Sure bitcoin and cryptocurrencies could transform the way people see currency and the concept of money but not so much as it would automatically change humanity into a much more understanding species. We're living at the verge of a war and a nuclear standoff. using a different way of paying stuff isn't going to magically solve this. [holy yikes]
OP's post is exactly why it's so easy to paint the crypto community as delusional. Crypto hasn't transformed society and it's not going to in any of the ways OP is fantasizing about because it's not any of the things it's being presented as in that post. And if you need it to be any or all of those things to see the actual utility of crypto, then you're going to live in an eternally unrealized fantasy world. Further, the "consensus" concept in bitcoin is what has driven so much division because it requires so much compromise to reach consensus that large groups of people are unhappy. Every time you see one of these major forks break off from bitcoin it's because a large group of people reject the "consensus" rules and change them the way they think is better. The consensus aspect is highly overrated and your post doesn't reflect the reality of how divisive such a system has actually been. Couldn't agree more. I've been like this in the past, until I saw the reality of what bitcoin is all about. People should stop putting stuff in pedestals no matter how important or groundbreaking they are. Without proper human application, it'll all just go to waste. In the case of consensus, it's a bit of a grey area too because even now we can't even reach consensus and we haven't had the whole world in this ride yet. |
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From the looks of it the reason why the retirees are going apeshit about the whole bitcoin adoption process and El Salvador Government authorizing bitcoin as a legal tender is the fact that it hasn't been made clear if bitcoin will be an auxiliary payment option that people could use in order to purchase goods and services, or if the use of bitcoin is made compulsory, meaning even the old-timers like them had no choice but to learn a pretty advanced payment method just so they can facilitate their purchases. I am in favor of doing it as an auxiliary payment option for now, soon enough people themselves will slowly transition into bitcoin when more people are informed of how things work within and beyond the blockchain. Otherwise let the old people have it, we can't blame them for not being tech savvy. Bitcoin is volatile, and their retirees are afraid to hold a banknote worth five hundred dollars today and depreciate to five dollars tomorrow. And for some older people, the ability to accept things is relatively weak, and some people think that Bitcoin is a virtual currency with low security.
Yes. Bitcoin is volatile. So what? Volatility of Bitcoin is not the topic here. If they think that Bitcoin is too volatile, then they don't need to use it. No one is forcing them to use Bitcoin or convert their savings to cryptocurrency. Personally I don't really care if a few old farts refuse to use Bitcoin. But here the problem is that these old farts will not allow others to use Bitcoin as well. Their demands make no sense. If someone actually wants to invest in BTC, what gives these pensioners the right to oppose that? I am all for FoE. But here it is more like bullying. Then again I believe the reason why they are protesting against the use of bitcoin in El Salvador is because it hasn't been made clear by their government if bitcoin were to completely replace fiat within their territory which would mean serious issues for these people who we can't expect to learn a new payment method within a day or even a week. If things have been made clear for these guys I'm sure there wouldn't be discussions about this. |
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The one thing that bitcoin could do is that gold couldn't offer its users convenience. Safekeeping is a herculean task if you are to invest and buy gold for yourself because no matter what happens there will always be someone out there who could get their hands on your safe and steal your gold. On the other hand, bitcoin is so secure that even those who outrightly own their supply get locked out when they forget the passphrase, the safe key, or whatever security measure they placed in the first place. Gold can be used as an investment or as a commodity for purchase. Bitcoin is a project that everyone has chosen to invest in in recent years. Bitcoin is easy to carry, has a relatively high value, and has anonymity. Nowadays, many people choose to use Bitcoin as a payment method, which can protect our privacy. You can invest in either. If you are richer, you can invest in both at the same time.
Bitcoin could be used for investments and as a store-of-value, as well as a fully-fledged currency that people could use to facilitate transactions. Whatever gold could do, bitcoin could do it better. If not only for the volatile nature of bitcoin and other cryptocurrencies the transition between cryptocurrency and fiat will be much faster and would've happened ages ago. But reality is often disappointing, so here we are right now. |
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This is a good explanation of how currency, while still being an abstract concept, continued to persist in human society for thousands of years, spanning the Mesopotamian Civilization onwards. That being said I would also believe that the value of a coin is directly related to that of power. During WW2, the Japanese imposed a new monetary system on the Philippines, currently at their subjugation within this time period. With this, they also introduced a new form of currency out of the blue. The currency was in use until the end of their regime and this shows for me that power will determine usage and value for a currency, at least when put into this example. The essence of currency is consensus. Because currency has the consensus of the people, it can be circulated. Because the U.S. dollar has the consensus of various countries, it can circulate in the world without it,Now Bitcoin is the same, because people's consensus on Bitcoin is increasing,The stronger the Bitcoin price, the higher the price of Bitcoin,I haven't heard the term consensus before, but after reading this article, I think it makes sense.
Shared agreement, that's all after all. Just everyone agreeing that this piece of paper we pass around has some sort of value and the more you have these, the more powerful you are on the societal ladder. When you put it this way, things stop making sense and currency is revealed for what it is. be it shared agreement or shared delusion however, we can all agree that without money we'd still be banging sticks on rocks til now. |
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I would suppose this is because of the negative connotation people have over bitcoin and cryptocurrency investing. Most people see investors of cryptocurrencies as sweaty slobs that live in their mom's basement living off of poor people's money which is never true. While on the other hand people who are into stocks is easily imagined as someone with a fancy car driving off to Wall Street whist wearing a ten thousand dollar suit. All of these are basic prejudices that people may take a long time to even consider dropping. But it's not about what they think about us, it's about how we think about the market flow. Ever noticed how people would boast or proudly proclaim (or at least used to) that they invest and trade stocks, but they don't feel the same way about crypto, as if it's a secret never to be shared? Why is that?
Mostly because crypto investors are seen as gamblers or ponzi investors and no body whats to be addressed that way and such thoughts are misconception but the society has made it seems like it is true. Around the world, most government are attacking this currency and if you do not want to be a target then it is better you stay hidden and just be making your profit peacefully. Beside, the new thing now is not to brag about your source of wealth, back in the days when stock and forex trading were not that accessible, thoes engage in this act see themselves as the most privileged so they boast about it but now it is very easy to trade especially with cryptocurency everyone can get involved so there is nothing there to brag about. LOL. Definitely this.. No matter how well you try to explain crypto to someone, the most that people hear about is from memes, strange youtube shilling, a history of scams and what not. It may seem that those who are early in crypto are doing it intentionally to keep the serious money out of it. In case of developing countries, the distrust for crypto is much higher. This is also due to the scammers who go to businessmen with lot of money but little sophistication to say for it. They sell them fake tokens for thousands of dollars that give huge returns (which can never be cashed) and then one fine day, when the Ponzi dies, that unsophisticated business-man may well be out looking for people who shilled him crypto. You don't want to be one of the go-to guys because the said unsophisticated businessman will not think twice before equating anyone who knows about crypto as the guy who knows the guys who scammed him. There is too much misinformation amongst the common people and only the most well-versed people can see the opportunities amidst the madness. And madness it clearly is. Just look at the 10K NFT drops happening all the time and people inviting you to discord, minting for 0.1 ETH and then selling for 0.05 if they cannot flip it within the first 10 hours. There is so much insider trading and shady shit going on that it really is hard to tell anybody that you think there is hope for this to become the next big thing in terms of business and utility. This is to be expected. Most news sources took great time and effort to make a clown out of crypto and make it look like it was made by bad guys for bad guys specifically when it can never be farther from the truth. People will of course have a negative connotation over crypto once something like this arises and spreads. Unfortunately as of now we can only counteract the spread of misinformation and hope for the best. |
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As of now the main use for bitcoin with ties to being a bona fide currency is as an auxiliary payment method for when cash and digital payments thru fiat just wouldn't cut it. It makes sense to doubt bitcoin's viability right now considering the majority of the planet still has no idea of what a bitcoin is and how to acquire one. But as time goes by and as more and more places gain access to the internet, this will easily be upturned and would even hasten the adoption process for bitcoin. bitcoin being a legal tender I think it will harm the country itself, especially if it is a developed country, where the currency of one country will look useless because in terms of value it is far away, it takes 47K usdt to have 1 BTC, so it can be said that bitcoin is not suitable if used as a means of payment
This is if a country takes a drastic turn and decides to use bitcoin over their own currency in a whim, which is hardly ever going to happen to any country as long as their leader is of course someone with half a brain and enough comprehension that adoption is a gradual process. AFAIK El Salvador's move is alright and should not cause the country any issues in terms of currency usage as they will still allow fiat operations within their territory. |
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Unless some maths are shown within the article where they showed how they came up with such an absurd amount of e-waste, I wouldn't believe it blindly. There has been a history of these people especially those connected with the corporate and government hating on and cryptocurrencies in general so this feels yet again like another black propaganda directed towards bitcoin so environmentalists would tag along with this hate. What I want to hear from them is how the amount of e-waste bitcoin makes compare to the amount of pollution the use of non-renewable resources produces over time. It's amazing how such institutions will come up with a different narrative every time their previous spin-offs were discredited by facts and facts alone. We're looking at data and study made by financial institutions that are trying to bring down bitcoin and crypto, and of course, the bias will always shift in their favor.
I'd love to know how would they equate in iPhone 12 minis the waste produced by other industries that have far too low of an impact in the economy, or those sectors that add nothing of value to society yet they cannot do shit about because they have vested interests on it.
These institutions will do whatever they can in their power to topple the legacy bitcoin is trying to make right now and keep fiat and the use of non-renewable resources as active as possible. After all this is where they get their money from so it comes to no surprise that these people will do whatever they could do to keep their primary source of power and income alive. Then again they'd realize that their efforts will be rendered useless. |
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This is a very weak move from congress that could easily be bypassed by the thing they are trying to prohibit with this law: Money Laundering. Since this bill only applies to transactions that exceed the $10,000 threshold per OP's post. This means people could just launder the transfer even more making this law even harder to impose. Sometimes the efforts won't count especially if a lot of money will be used to mobilize this if it ever getsthe chance to be passed as a full-fledged law. Funnily enough, these fossils in the government actually think they're helping the United States. If anything, they're pushing demand and innovation towards other countries. We really need people in the board who actually knows this stuff, rather than these guys that I wouldn't even be surprised if some of them couldn't operate a modern computer properly.
What transpired during their court discussion last 2018 with Mark Zuckerberg is enough evidence that the guys some of us had allowed to be on the Senate don't know jackshit about anything regarding the internet. Even the simple process of logging into an account seemed so complex that they can't wrap their measly brains around. How can we trust these people to impose such a bold move and effectively execute it? |
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You are right about bitcoin being relatively more profitable than gold considering the amount at which it can increase in price among many other factors. But the reason people pick gold over bitcoin is mainly due to the fact that it has existed longer in the market enough for it to cement itself as a standard in many stores-of-value assets which bitcoin is trying to go for. I wouldn't say investing in gold isn't a profitable venture because it still is, just that bitcoin overshadows its presence because of how bitcoin moves in the market right now. "The higher the risk, the greater the reward" is not a good way of thinking all the time. As it is already known that the risk is increasing as for cryptocurrencies, this means that you can lose a great deal of money also. Taking a big risk doesn't guarantee that you will make a lot of profit. I have investments into gold and Bitcoin both. Because it is not advised to put all eggs in one basket.
This is a better approach if I do say so myself. Breakeven and get the best out of both options. It's not always appropriate to go balls-deep on one asset because of its high profitability because at the end of the day, there is still some risk involved in it no matter how big or small. Altogether a sound decision and extensive research will do you wonders than going ape and investing on a particular asset like bitcoin just because "it's the most profitable" coin out there. |
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This is included within the contracts the streamer and the gambling firm which in this case is Roobet, had signed for. The streamers will have to be paid for the exposure they give the site somehow and Roobet saw an opportunity in this by creating this plan. I don't think it is entirely misleading because at the end of it all, none should have the connotation that just because I won a lot today, it means you will too. If that is how you think about gambling then you might wanna reconsider your choices because this type of mindset breeds addiction This your complain is never new in the casino and gambling world so don't be bias cause it has become a normal trend I think don't think is a fake means to attract more gamblers to gamble on a particular platform. This can be term business techniques that every gambling platforms make use of which I don't you need to accuse just Roobit only. I think if you don't like the techniques kindly disregard gambling online cause it's normal to me.
Not only gambling sites employ this but even new trading and exchange are also doing this to attract more traders and players, even old gambling sites are doing this whenever there is a decline in activities, if the gambling site has a good reputation, there's nothing wrong on doing this, the most important thing is they have no scam report and they pay their players on time. Exactly, I haven't heard issues from Roobet players like me about something as delayed balance report or withdrawal because the site works on what matters most. The energy people put on stuff like this where people hate on how they promote themselves should be redirected to something that is much more productive like learning the ins and outs and the dangers of gambling, among other important stuff that a beginner or a neophyte in gambling should be aware of. |
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Golf in and of itself is already a game for the rich and the VIP. If you are able to come elbow to elbow with these guys I suppose you are rich too. I don't suppose this "game of legends" you're talking about is a bona fide tourney set only for the richest guys but a small consensus between these people where they can bet whatever they want, hence why it's a VIP game. you wouldn't want someone you barely know losing a yacht over a bad game of golf, which is why it's exclusive only to this particular group of people. Earlier this week I visited a golf club, while I was playing my regular golf with a small stake amount, some big guys in the club got my attention. I don’t know who they are but a suspect they are government officials or big business executives. They were playing against each other but the bet is not the regular cash but properties somewhere betting with they expensive car such as Lamborghini and Ferrari while the game was about to end with a guy losing his Lamborghini I draw close to him and asked why will you do such a risky bet, and he said the game is for legends and only opened to VIP members of the club. So I was curious about this. Have you heard such thing as the game of legends?
It all sounds like some strange lie you've concocted. However such betting definitely does take place among the super rich, it is unlikely you would ever be in earshot in the same exclusive clubs that they would be playing in. To a billionaire or even just someone who owns tens of millions of dollars, it is easily perceivable that they would be betting such items on a round - to them it is the financial equivalent of betting $500 to someone on a $50k salary, yes it has a little sting to it but over time they will easily recoup their losses and makes the game a bit more interesting. However, such people are playing in very exclusive golf clubs and will be far at the back of the members club rooms inside when discussing such things. Lmao I would agree with you but I chose to give him the benefit of the doubt. We can't say for sure if this story is real or not anyway so let's just ride in it. Indeed it's true that there are games where the stakes are this high, as long as they have the balls to join and put their prized possessions in line and of course the money to back it all up. Golf is already a sport for the rich so I don't see this scenario being too far from the truth |
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These are targeted ads that you will get when you search for something that is related to the said ad. Seeing as you're getting gambling ads on your phone, you will of course get pop-up ads that are meant for gambling sites and such. What I am a bit concerned though is why you're getting pop-up ads even on your smartphone. This could be caused by haphazardly downloading apps on your device which may carry viruses. Don't wanna scare you but you might wanna look into it. Honestly that's really a large number of underaged gamblers, right now you can easily create gambling accounts and play but of course there's a restriction in regards of withdrawal but the thing is by just signing up and checking the box that you are legal age, you can easily create an account. No matter how big or small their budget starting at a very young age would have higher chance of getting addicted to it and I think that's really dangerous.
Which is why parental guidance is important in ensuring that these underaged individuals do not get lost in the gambling spiral at their very fragile phase. We can't always put the blame on the establishments or the entities that set things up like this because they have a target demographic that the underaged people do not belong in. If need be, moderate the internet usage of the kids within your household to ensure that none of them are getting content that aren't appropriate for their age. |
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I think this ordinance will work well for Ukraine's economy considering they ranked #40 among Top 100 countries when it comes to game revenues from gambling sessions. I couldn't see why they took some time to post this bill to the respective authorities as it could work well for the country economically, and individually. I'm supposing imposing higher tax rates for every winnings or stakings will discourage people who would gamble for the winnings and not because they want to relax, therefore saving them all the trouble and hassle losing money you can't afford brings. This makes absolutely no sense and will clearly flop if implemented.
They think that this is enforceable in the long run but it really isn't - people will simply move to underground/black markets to get their bets processed.
I thought that Ukraine was somewhat progressive when it comes to these things given their recent attitude towards crypto - but I guess I thought wrong.
The legalization of such business areas (gambling) assumes a situation where both parties receive the expected benefits. But what happened in Ukraine until recently was a mess! It was possible, without any permits, to "quietly" rent a room, put gaming machines there, and without paying a penny of taxes, get very high profits! If we take as 100% all the gambling halls that were in Ukraine earlier, then approximately 50-70% existed actually outside the laws and registrations! And it shouldn't be like that - everyone pays taxes, everyone works openly. Moreover, such illegal gambling halls as a rule "belonged" to deputies, high officials in law enforcement agencies, and the like. individuals who, moreover, used their official position for illegal enrichment! This makes sense. Thanks for putting this into perspective. I guess along with this, there should be extensive operations to whittle down, if not completely eradicate illegal gambling operations within the country. Otherwise, as you have said, people will just resort to black market operations to have their bets made which is not good of course. These two activities should go hand-in-hand, matter of fact they should focus more on eradicating illegal gambling operations on their country in the first place. |
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An unbiased program but would focus on the dangers of gambling? That doesn't sit well to me. Thing is, gambling isn't the problem, addiction is. Gambling isn't meant to be used as a way to earn money, and I can't emphasize this enough. Gambling should only be played as a means of relaxation and enjoyment, just like most games. Sure you include money in the things that are at stake but you have to assume that in the first place, you shouldn't be gambling money you cannot afford losing. I think it's an excellent initiative.
At the end of the day you should provide an unbiased judgement to them. The more educated they are regarding the issue of gambling, the more likely they will make informed and responsible decisions.
Talk about the mathematics & house edge that will make them lose in the long run. But also prove that responsible gambling is okay is moderation.
That's just teaching them how to gamble more. Teaching them techniques and tricks at a very young age will feed their superiority complex and would make them assume that every gambling session will turn out in their favor just because they learned a few tricks from a program. Although you have enlightened me on the part that it were to give them pure unbiased information about gambling which is cool because that's one of the things they need the most at such a fragile point in their lives. |
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