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Author Topic: Bitcoin is for everybody but we must accept it before it can be ours.  (Read 676 times)
taufik123
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October 07, 2023, 08:10:46 PM
 #81

-snip-
I did alright, I didn't lose money, I got in and made some money but instead of "some" profit, I could have been a millionaire by now if I kept it going. This is why I believe that we are not going to really end up with anything that would hurt us for the long term.
Some of the profits you make seem to be quite large but you are still not satisfied with them because you feel you can make more and become a millionaire if you continue to hold back.

All the people who entered early and sold too early had the same thought.
Psychology will be very influential so you can't just rely on the target price or analysis you have. 
You also really need to have confidence in the target price that you will achieve.

In the past, I also had quite a lot of Bitcoin, but I sold it when there was some hype from the price of $2k to the price of $5k,
it was quite profitable at that time, but in the end, Bitcoin reached more than $15k in 2017.
Of course, there is a bit of regret, but I try to forget about it and focus on the goals ahead.

-snip-
I know that life is not that simple and we could probably figure out when to buy it at exact bottom if we work hard enough to find it, but it doesn't really matter. Just buy whenever you can, and keep it for as long as you can which will result with you making as much profit as you possibly could.
Work hard enough with a predetermined strategy, buy gradually, and hold for the long term.
You will find your purpose and fulfillment this time if you are able to survive, this is an opportunity that will not come again.
I'm afraid when ATH Bitcoin reaches $100k or more in the next year, there will be no more cheap prices like now.

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October 10, 2023, 08:06:16 AM
 #82

Bitcoin is for everybody, but we all have to accept it before it can be ours so I conclude that we must first accept bitcoin before we can have access to it and if you don't accept bitcoin you can't invest on it.

That's true, it's up to all of us to accept bitcoins and use it on a regular basis to make it succeed. Just buying some coins only to never touch them again is not the way to promote the use of crypto currencies. It's we the average consumers that have the power to demand change in the world. If enough people use bitcoins on a regular basis we can demand change from the companies and government to accept bitcoin as a form of payment. My dream for Bitcoin is that it becomes usable all around the world, in every country and every store. This would make life so much easier if we only have to rely on bitcoin and not exchange currencies everytime we travel. Credit cards was the first attempt to make the world more connected, but the high fees and the risk of falling in the overdraft trap doesn't make it a good tool anymore in every day's life. Bitcoin would be the best alternative and it's up to all of us to push and demand change.
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October 11, 2023, 02:04:34 AM
 #83

Mostly people say Bitcoin is not for everyone but basically I agree with you. We basically have to accept bitcoins and invest later and we never get access to bitcoins. If we can accept Bitcoin then we can invest only if we get access to Bitcoin and if we don't accept Bitcoin we can't invest. In most cases, people tend to focus more on the positive aspects of Bitcoin, which is why they are interested in investing. Also most people ignore to invest in Bitcoin if their government outlaws Bitcoin considering the negative aspects of Bitcoin. Accordingly, we must consider all aspects of Bitcoin before deciding on Bitcoin later on. If at that time we accept Bitcoin, we will be interested in investing in Bitcoin and we will never have the mindset to invest in Bitcoin. That's why we need to build our knowledge about science first and accept Bitcoin. Later we can say that Bitcoin is for everyone if that person accepts Bitcoin and has the desire to invest.

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October 12, 2023, 09:03:30 PM
 #84

On Bitcointalk I have seen topics that say Bitcoin is not for everyone maybe that thought is based on their own opinions, but I totally diagree with it, if I may ask who will see something good and reject it? No body, even if some people rejected it, it might be because of the laws from the higher authorities like government or military.

Seeing something wonderful is one thing, but not knowing how that something good works is another issue that must be addressed first. I also agree with you that bitcoin is not confined to a specific group of individuals, but a lack of sufficient information or literacy in the area where you're taking this innovation is a determining factor in how quickly people will adapt and use this new technology. If there is still a barrier between understanding and adoption, bitcoin will be for some individuals rather than for all, even if it was created to serve all. This is the sole (or one of several) reasons why bitcoin is not yet universally accepted.

Bitcoin is for everybody, but we all have to accept it before it can be ours so I conclude that we must first accept bitcoin before we can have access to it and if you don't accept bitcoin you can't invest on it.

Bitcoin is public and can be accessed by anyone that shows interest in it, it has no limitations in that regards.

Mostly people say Bitcoin is not for everyone but basically I agree with you. We basically have to accept bitcoins and invest later and we never get access to bitcoins. If we can accept Bitcoin then we can invest only if we get access to Bitcoin and if we don't accept Bitcoin we can't invest. In most cases, people tend to focus more on the positive aspects of Bitcoin, which is why they are interested in investing. Also most people ignore to invest in Bitcoin if their government outlaws Bitcoin considering the negative aspects of Bitcoin.

The government's perception of bitcoin should not cause a citizen of a country to reconsider investing in bitcoin. Bitcoin is something you should pay attention to and conduct your own study on without allowing the opinions of others to make you feel uneasy about it. If the government hasn't completely banned the usage of bitcoin in the area where you live, their statements shouldn't shape your opinion of it until you conduct your own study before making a decision.

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October 12, 2023, 11:42:53 PM
 #85

I understand that bitcoin can be complex in its technical characteristics,but, an "example of equivalence," one of many, it is in a "Swift" transfer, oh! yeah, traditional banking, then, we can mention many current technological facts that were complex and are now quite common. And!. Whether they understand them or not, they are still used.

bitcoin requires basic knowledge as a means of payment, as an investment it is another level, but equally its advantage is that anyone can enroll with a little information, so in the great digression of its idea, bitoin is so easy to access that that same makes it vulnerable for its users if they are not careful.

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October 12, 2023, 11:57:14 PM
 #86

To be honest, it is not for everyone. I mean, while Bitcoin and other cryptocurrencies offer an open decentralized financial system that anyone can use without asking for "other peoples permission", it doesn't necessarily mean it's the right investment for everyone. Bitcoin's value can be incredibly volatile, and as with any investment, there's no guaranteed return. Hence, it's best to approach it with caution. Don't forget the saying you often here in this forum, "Only invest what you can afford to lose". For someone living paycheck to paycheck, or without an emergency fund, putting their money into Bitcoin might be a risky move. Even though Bitcoin is for everyone to use as a means of transaction, as an investment, it requires careful consideration, research, and understanding of one's financial situation and risk tolerance.

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October 12, 2023, 11:59:15 PM
 #87

OP have given a suggestion to be positive with the bitcoin. It has been developed for some purpose and the same is getting fulfilled in different forms. Some people have this mentality that bitcoin is highly priced and it is not for us. Initially they should understand how it works, many feel weird of its complicated functioning. For people who hadn't got much of technical knowledge the best option is to understand the price increase and the limited supply.

Once people get aware about the growth chart as well as the limited supply surely they'll have the understanding how the price increase happens. Further the denomination needs to learnt, so that they'll get to know anyone can buy/invest with what they've got. This will Wipeout the understanding that bitcoin is for everyone and it isn't limited for people who or rich or for the technically knowledgeable people.

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October 13, 2023, 03:56:35 AM
 #88

To be honest, it is not for everyone. I mean, while Bitcoin and other cryptocurrencies offer an open decentralized financial system that anyone can use without asking for "other peoples permission", it doesn't necessarily mean it's the right investment for everyone. Bitcoin's value can be incredibly volatile, and as with any investment, there's no guaranteed return. Hence, it's best to approach it with caution. Don't forget the saying you often here in this forum, "Only invest what you can afford to lose". For someone living paycheck to paycheck, or without an emergency fund, putting their money into Bitcoin might be a risky move. Even though Bitcoin is for everyone to use as a means of transaction, as an investment, it requires careful consideration, research, and understanding of one's financial situation and risk tolerance.

It seems to me that the starting presumption should be that bitcoin is for everyone because bitcoin is open for everyone to choose whether or not to get involved in it, whether to study it, whether to invest into it, whether to develop upon it, whether to mine it.  Bitcoin is not closed to anyone, friends or enemies, governments or institutions, rich people or poor people.

Just because there are barriers and even people (governments) trying to stop normies from getting involved in bitcoin, that is not about bitcoin restricting anyone.  Bitcoin is open for everyone and for anyone... and some people might need to learn some things about bitcoin if they want to participate at higher levels of involvement. including if some people do not have any discretionary income then they won't be able to buy any bitcoin until they get some discretionary income, and sure, they could use bitcoin in a gambling kind of way, too.. no one is stopping them, but it probably is not good to gamble with bitcoin since it is amongst the best of asset classes that man has ever seen (if not the best).. .it surely is a product of current times, since bitcoin was not really possible in its current form prior to having worldwide ways of communication, such as bitcoin using the internet as a backbone, even though there can be other ways that nodes and miners could synchronize if the internet did not exist, but the internet surely helps to make bitcoin much more powerful than it would be under the use of other forms of communication.

In this thread some members seems to be mixing up outside forces and saying that everyone cannot get into bitcoin because some people have outside forces that they have to overcome in order to get into bitcoin and they might have to go to jail if they try to use or get involved in bitcoin, and surely those people have to make decision about what to do, but those kind of restrictions are not being caused by bitcoin.

Other members are saying that there are aspects of bitcoin that require money, time, or various kinds of knowledge, so surely it is true that some people in society have more knowledge, time and money than others, and so those barriers to bitcoin could have a disparate impact upon folks who are able to participate in bitcoin in terms of both quantity of participation and maybe even the kinds of participation.. but that still does not seem as if bitcoin is excluding anyone.. and yeah sometimes people are not going to be able to fix some aspects of their lives, such as money, time and knowledge.. but does not seem correct to be saying that bitcoin is not available to them or that they might not benefit from bitcoin even if they might not be able to involve themselves in it.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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