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June 23, 2024, 01:22:18 PM *
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 71 
 on: Today at 07:51:12 AM 
Started by MainIbem - Last post by God bless u
The journey of a thousand miles begins with a step and I consider those who were opportuned to mine Bitcoin and also invested at the early days as the ones who took the best step, it's not supposed to be debated cause we've all seen the success of the project from the first day of creation by Satoshi to this present day, except maybe the ones who sold their assets for unnecessary wants, but people who held for a long term are benefiting well from their decisions currently. However there should be no calls for alarm for those who weren't opportuned to invest at the early days cause there's still hope and the different ATH's Bitcoin has reached is a big prove, so the best decision to make is to invest at this point when it's still the current price. The people I feel sorry for are those who have the financial capacity to invest heavily in Bitcoin but still have doubt over it's potential, I mean why would anyone even have doubts when they've seen Bitcoin set different ATH since it's creation to this point, well there would always be a doubting Thomas, those who would still find it difficult to believe even when they've seen prove that sometime is real. Nevertheless, if there's anyone who's willing to invest in Bitcoin but still have doubts, I put it to you that the best decision you'll make is to buy Bitcoin and Hodl, don't get discouraged by the drop in price cause I believe you should've known by now what volatility means.
Yes I think it's not that much late to Invest into Bitcoin because now it's time for bitcoin to revolutionise now. As the world is changing now and everything is being digitised and generation Z like to automate every single thing.

Bitcoin will also be a part of the changing world and it will play a very crucial role in advancement of AI and automobile sector.

 72 
 on: Today at 07:50:38 AM 
Started by MainIbem - Last post by kryptqnick
I wonder how many of those who invested early on actually managed to hold long enough. I joined only around 2015, and even I remember a time when $600 per BTC felt like such a great price. Apart from selling, it was easy to lose coins due to scams, locking yourself out of your wallet, or accidentally making transfer mistakes.
But no matter when someone invested, surely it was hard not to sell at some point. In the grand scheme of things, I agree it's not too late to invest, but people should do what feels right to them.

 73 
 on: Today at 07:48:39 AM 
Started by DrHodler59 - Last post by fuguebtc
Since you say something more connected to Bitcoin, how about like a Bitcoin education center? You could offer workshops and courses and probably one-on-one training on Bitcoin (how it works, what to do, what not to do, etc). I haven’t thought so indepth about it but maybe you can think about it and work with it. It mustn’t be something huge too. It could be in your store and you don’t have to actually call it an education center. You could print handouts to give to some customers too.

Teaching bitcoin to others is a good idea but to do that you need to have enough knowledge, experience or even deep expertise to be able to teach others and take their money. You can't take advantage of people's ignorance and give them knowledge about bitcoin when you yourself don't have too much knowledge about bitcoin. Not to mention, knowledge about bitcoin is not too difficult to find on the internet and everything is free. So if you want to open a center or a class to teach about bitcoin, there is nothing wrong but you need to provide them with knowledge commensurate with the amount of money they pay you. Education may sound simple but it is no simpler than business related to bitcoin.

 74 
 on: Today at 07:41:16 AM 
Started by Cryptohygenic - Last post by fuguebtc
As a beginner to this bitcoin market, I have understood that long term investing and holding is most beneficial to investors that short term holding.
But I being a beginner, I might not be affordable to hold too long because I have read about investors holding their coins for over 4 years.
Although I might be reprogrammed to long term investment in the future but I need to be practically convinced in reality based on what the market hold for Investors on long term and short terms.
As being speculated of all cryptocurrencies, they are all volatile so I am set to take my profits whenever I can and then the outcome potentials while I am Investing in this bitcoin industry would determine if I will have to hold for long. I don't think I will listen to all that advices of holding longer. We are only here to make profits and face our today's challenges and also prepares for future challenges. So I don't think that investors on the short term goals are at the wrong side because the Speculation of long term holding is excessively making it feel like short term Investors are on the wrong decision

Nobody is saying that short term investment cannot be profitable for you but the chances of making that huge sum of money you’re anticipating to get when you put your money into bitcoin can only be realized if you keep them for a long term. The market is volatile and moves to any direction it wishes at anytime, but it is certain that after some certain period of time, a time will come that it will be on the upward trajectory that will be beneficial for all. That period doesn’t last long and it’s the bull period.

Between the bear season and bull season, a lot of changes happen when bitcoin can go up or come down within a short period, those are the times some short time investors get their profits from the investment and due to the high risk of volatility and been in the bearish period, that is why it has been advise to stick to long term investment rather than the short time the will make your investment worthless.

And no one is saying OP is wrong in choosing short-term investments, but we need to admit that long-term investments bring more benefits. We have heard many stories about people becoming rich through bitcoin but most of them are long term investors, there are no stories about people becoming rich or making huge profits by investing short-term investment in bitcoin.
Or like in recent days, bitcoin's fluctuations have a wide range and from statistics we can see that hundreds of millions of dollars are liquidated every time bitcoin fluctuates.

I also know many traders but I don't see anyone making profits in recent days. Of course, long-term investors cannot make profits with the current market situation either, but at least they don't lose money and their money is still intact. Short-term investing sounds attractive because we can make money immediately, but things don't work like that, short-term investing is like a trap for the market to take our money faster.


 75 
 on: Today at 07:40:15 AM 
Started by Cryptohygenic - Last post by Vinaa77
Basically everyone invests for profit whether short or long term but the long term results of investing in Bitcoin are relatively good. You can expect 2x or 3x your profit with long term investment here long term means 4-10 years but you may need to hold longer. However, it may take less time to get your desired profit. I myself prefer to be in a long-term approach to just accumulating bitcoins which is a simultaneous holding.
It is true that choosing to survive in the long term in investing in Bitcoin is certainly very good, but to be able to survive in the long term of course we must first be prepared in terms of the capital we invest because it is very unlikely that we will be able to invest in the long term if we do not have be careless in terms of capital because it could be that when the investment is underway, we will need these funds and we don't have other funds so we have to take what we have invested, regardless of the circumstances and if the price is above when we buy it, of course it won't be a problem. However, if the price is below us, of course we will experience a loss on the investment we are carrying out and for some people who decide to invest in the short term, of course they must always be able to analyze market conditions well so they can know when is the right time to buy. and also sell them to be able to gain profits from the investments they make.

 76 
 on: Today at 07:36:13 AM 
Started by Cryptohygenic - Last post by michellee
That will be no problem if you decides to use short term investment for Bitcoin because that will depends on your plan for the Bitcoin investment. If you feels you can not holds Bitcoin for a long term, you can use short and middle term investment so when the price increase, you can sell your Bitcoin and make a profit. But you should try to holds some amount of Bitcoin for a long term, so you can see how big your profit.

Every investor should knows their plan so they can holds their investment until the time comes. You needs to determine how long of Bitcoin investment you can do so you can sell your Bitcoin at the right time. You just needs to believe in yourself with your analysis so you can runs your investment properly.

Other people can suggest you but the decision will be yours. You needs to knows what is the best for you so that's why you should learn more about Bitcoin investment. We makes a profit from Bitcoin investment with many ways.

 77 
 on: Today at 07:32:26 AM 
Started by DrHodler59 - Last post by GbitG
You could start a physical Bitcoin Merchant shop, which means that people would come to your shop to either buy or sell their Bitcoin. They can come having Bitcoin in their wallets or somewhere and sell them to you and receive local currency from you, or they could come with cash and get Bitcoin from you.

Something like this can work if you know that your country allows it and that it is secure for you to do a business like that, you shouldn't have the fear of getting robbed or something. If you know there are no hurdles like that for you and you have a good location where you can rent a shop, you should go for it.

Remember, a business is all about understanding the market and demands of people, you should only start a certain business in a specific location if you know it is going to run well and you are going to get customers, otherwise, it's useless.

 78 
 on: Today at 07:28:50 AM 
Started by julia335 - Last post by hugeblack

Is it faster to import private keys to Electrum wallet and check balance of those addresses than doing the same with Bitcoin Core?

Electrum wallet is not designed for this. in general, as long as your computer is running, your Electrum wallet can scan any number of addresses, but since it is an SPV wallet[1], most Electrum servers have a DoS-protection limit, which is often less than ~10k addresses[2], so if you have a number greater than 10k, the electrum option will be slow and time-consuming (and here we are talking about 86k, not 10k).

You can avoid this by running full node, so bitcoin core is the appropriate choice.



Time can be reduced by running a script and paid API token from blockchair, and if you are sure that all addresses belong to one wallet, perhaps Wallet Explorer may help you in speeding up access to the addresses that contain the balance (I do not recommend this for privacy reasons).

[1] https://bitcoinwiki.org/wiki/simplified-payment-verification
[2] https://github.com/spesmilo/electrum/issues/2619

 79 
 on: Today at 07:27:37 AM 
Started by BlackHatCoiner - Last post by God bless u
"The best way to make Bitcoin fail is to believe that its success is guaranteed [...] The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it."

Quote from: Greg Maxwell
The best way to make Bitcoin fail is to believe that its success is guaranteed. I too believe that Bitcoin is strong, but it is only strong because people will fight to protect it. If a threat arises and people sit back and do little saying, "Bitcoin is strong, the market will provide protection" then it will fail. There isn't any higher authority. Each and every user of Bitcoin is personally responsible for protecting it. We are the market, the invisible hand. Bitcoin's strength arises because people do step up and protect it, so we must never take that assumption of strength as a reason to not act. All systems have their costs and compromises. The big compromise in a strongly decenteralized system is that it all of our jobs to look out for it. Is Mankind mature enough for that kind of responsibility? I think so-- Bitcoin isn't the only thing that exists because of our collective will. "It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt.”
A very elegant and valuable advice for all the Bitcoin holders. You have to protect its value. Don't just go after the profits. Try to save the value of Bitcoin along with the profit that you will get from it.

Thats the moralities we should have a deep focus on. Nowadays people have become so much selfish that they don't know how to protect the source from which they are benefited.

 80 
 on: Today at 07:08:44 AM 
Started by MainIbem - Last post by EluguHcman
OP can I tell you that I am the one who took the best step and not the miners? Lol.
The miners are actually like external bodies of the developers of Bitcoin but do not need to be convinced because they have the technical ideal of how possible Bitcoin creation could be actualized to reality utilization while I am obviously not associated with any of it and needed to be convinced by those who are already into the system and then will have to think otherwise in both positive and negative before making my decision until I accepted Bitcoin even though I was late.

I heard of Bitcoin around 10 years ago and just last year I embraced the technology. Sometimes I found myself to be blamed why I was so late but I came to understand that my emotions needed to be balanced so that I can be able to handle the risks involved in the financial technology while understanding that Bitcoin is a volatile currency.
So, others who are still in doubt of Bitcoin also needed such time to balance their emotions while on the rhythm contemplating their decisions and interests on the Bitcoin.

Moreover, Bitcoin is not a centralized system that the government as the authorities may say that... From hence forth, this is the acceptable financial system that everyone should embrace instead Bitcoin is a decentralized digital currency that leaves everyone a self decision to decision what their intake is about the currency so, let us not find those who could not invest or accept Bitcoin as alternative means of payments to be lost in the digital era ed maybe today. It just all about choice.

When to invest and when to sell all depends on the investors and individuals and it doesn't matter what we used the funds for. Those who fears holding at the Dip are literally investors who do not understand what it means Holding and Buying at the Dip and if they do, they would always take chances to explore more to their assets while the ATH ahead proves the rewards.

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