What I understand about bitcoin

[Ziskinberg]

Permission to say bitcoin is the future.
Ain't Centralized like that of fiats, has to do with a peer to peer network.

Bitcoin gives a chance for the poor to become wealthy and a chance for the rich to get wealthier.
The more it gets accepted by people, the more it's votality increases.

The positive looks that Bitcoin has giving more interest and positive insights by the people and what you have said is right and it going to happen. Bitcoin remains decentralized no matter what is going to happen, even the government implementing strict rules and regulations towards crypto. It has become understandable that as more people knew about Bitcoin, the more chances that we enjoy this as an alternative to fiat money but somehow, the volatility rate change and increases adding more risk for newcomers. 

[chanler]

I am also still learning to understand bitcoin well and also learning to make better use of it. bitcoin is a digital currency that is profitable if we can manage it well. Bitcoin lovers are increasing and competing to be able to have more in the hope of making a profit by investing. that's good because we know that the price of bitcoin is getting here too and it's good for investment. as long as we can understand and analyze the crypto market well then we can determine when is the right time to sell or buy bitcoin.

[Ararbermas]

The links on the reply of my previous post has been so helpful to me, now I know more about Bitcoin, the rules guiding the forum and how it works. The only thing I knew about Bitcoin was how to purchase bitcoins at a Bitcoin exchange, sending and receiving of Bitcoins. But now I’ve read through all the links you shared and my knowledge has increased, I know one can also  Earn bitcoins through  mining. To my understanding, Bitcoin is still in the process of maturing and everyday we get to know more about how it works because nobody can really give an accurate analysis of what the outcome might be in the next minute or next day. There is no guarantee that Bitcoin will continue to grow or continue to dip even though it has developed at a very fast rate so far. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses. All of these methods  involves risk taking so It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.

there's a lot of ways where you can make income using bitcoin mate aside of mining because it's so expensive expensive and you know you must have enough knowledge as well such what are the important things to have (hardware and etc) in order for you to build a perfect machine for it and of course to have a good profits after all.. But yeah just like what i said there's a buch of ways where you can make money using bitcoin and these two option is very common in the space such investment, trading.. The best thing with these is you don't need a lot of capital wherein any amount is good unlike building a mining machine.. But you still have knowledge of course.. At least affordable and easy compared to mining which only for those who cam provide so expensive hardware and etc. Lol

[romero121]

Whether it is bitcoin or the technology behind it, everything is is a learning. When we continue learning we'll get to know more about it. It is better to learn about bitcoin than trying to earn, which is good for a beginner for specific time period.

Another thing that always reach my mind is the popularity and the growth. If bitcoin have circulated within $10 will it have gained this importance or will people have shown interest learning it. So, in everything there is money and that's the reason people tend to learn and not just because of its innovative model.

[BuNga_cute]

The links on the reply of my previous post has been so helpful to me, now I know more about Bitcoin, the rules guiding the forum and how it works. The only thing I knew about Bitcoin was how to purchase bitcoins at a Bitcoin exchange, sending and receiving of Bitcoins. But now I’ve read through all the links you shared and my knowledge has increased, I know one can also  Earn bitcoins through  mining. To my understanding, Bitcoin is still in the process of maturing and everyday we get to know more about how it works because nobody can really give an accurate analysis of what the outcome might be in the next minute or next day. There is no guarantee that Bitcoin will continue to grow or continue to dip even though it has developed at a very fast rate so far. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses. All of these methods  involves risk taking so It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.

there's a lot of ways where you can make income using bitcoin mate aside of mining because it's so expensive expensive and you know you must have enough knowledge as well such what are the important things to have (hardware and etc) in order for you to build a perfect machine for it and of course to have a good profits after all.. But yeah just like what i said there's a buch of ways where you can make money using bitcoin and these two option is very common in the space such investment, trading.. The best thing with these is you don't need a lot of capital wherein any amount is good unlike building a mining machine.. But you still have knowledge of course.. At least affordable and easy compared to mining which only for those who cam provide so expensive hardware and etc. Lol

If we look at the current situation, mining is not the best way to earn from Bitcoin. The hardest thing to be able to do mining is of course
the costs needed to buy mining equipment, electricity costs and maintenance costs. Like you said too much capital needed to do mining,
even though there are other, more affordable ways to earn from Bitcoin. I most recommend for long term investment in Bitcoin,
it is much safer and can use capital according to our respective financial capabilities. We can see the history of the movement of Bitcoin,
where the price of Bitcoin is getting more expensive. So if we gradually buy Bitcoin, then hold Bitcoin in the long term, it seems that getting
big profits is just a matter of time.

[carrigan]

Bitcoin is a decentralized digital currency. With Bitcoin you can use it to invest, trade, mining even as a transaction tool if the country legalizes the use of crypto as a transaction tool. Bitcoin gives you freedom in monetary terms because there is no interference from the government or the state. You can manage your Bitcoins at will without any rules. Bitcoin is also very influential in the economic field, even Bitcoin can change a person's fate to be rich, of course this can reduce world poverty.

[usekevin]

Bitcoin is a decentralized digital currency. With Bitcoin you can use it to invest, trade, mining even as a transaction tool if the country legalizes the use of crypto as a transaction tool. Bitcoin gives you freedom in monetary terms because there is no interference from the government or the state. You can manage your Bitcoins at will without any rules. Bitcoin is also very influential in the economic field, even Bitcoin can change a person's fate to be rich, of course this can reduce world poverty.

Nearly fifty percentage of people using bitcoin as their transaction.It's digital form of payments with a huge trust.Many people who need of secret transaction and use behind the government using the bitcoin as a mode of payments.The transfer of bitcoin was legal in some country and huge amount of illegal transaction make use of that to make huge transaction to other country.

[sherenikaw]

Bitcoin prices are unpredictable in the market and bitcoin price fluctuations are also natural. for a beginner may be surprised and panicked by the ups and downs of bitcoin prices in the market but that is the reality and we must be able to manage and control it well. Bitcoin enthusiasts are competing to get as much bitcoin as possible in the hope that they can use it well because this will be very profitable. but it should be underlined that the profit that will be obtained depends on how we manage the bitcoins we have.

[TelolettOm]

All of these methods  involves risk taking so It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.

Yes exactly, every activity related to Bitcoin always involves its of risks to take. Whether we are using it for investment (both long term or short term), trading, staking, mining, gambling, using as a currency if possible, and others.
We may need to decide which one is better and really suitable for us, moreover if we are new enough.
the first thing is of course to learn about those and we can decide which is easiest and most suitable for us.
However, sometimes the activities are against the regulations in some countries where we may not be able to use BTC as a currency, not able to mining, and others.

[fiulpro]

At the same time one might argue about the fact that : Bitcoins as a whole is something unpredictable but if you do see the past track record you would be able to look into the whole chart and see the that the level of trust rising. There are cities now been constructed around bitcoins, there are countries who are using bitcoins as a legal tender. The government is providing people with extra money in Bitcoins if they agree to download the wallet.

It's all about acceptance, application and usability. Which most countries are taking steps ahead. You cannot entirely be dependent on bitcoins hands down but at the same time you have to realize that bitcoins as a whole is more trustable that stocks and other traditional investments since during the pandemic most countries are going bankrupt.

It's a currency of the future. Soon enough we will see more advancements for sure.

[Zanab247]

Bitcoin is a digital currency that pump and dump at anytime in the market. You can use bitcoin to purchase any type of goods in some countries that is fully legalized. The price of bitcoin can increase today for those running a short term investment to earn profit before the price will decrease for those waiting for the price to reduce so that they can buy more they can afford in the market.
Bitcoin is very easy for any countries to use to grow their economy and so other things in the country. You can use small capital to start bitcoin investment and in less than some years, you will be part of those that is doing well in the community. It hard lazy people to earn well from bitcoin business because you must be active in the forums to enable you know more about bitcoin and also what is happening in the market.

[TimeTeller]

All of these methods  involves risk taking so It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.

Yes exactly, every activity related to Bitcoin always involves its of risks to take. Whether we are using it for investment (both long term or short term), trading, staking, mining, gambling, using as a currency if possible, and others.
We may need to decide which one is better and really suitable for us, moreover if we are new enough.
the first thing is of course to learn about those and we can decide which is easiest and most suitable for us.
However, sometimes the activities are against the regulations in some countries where we may not be able to use BTC as a currency, not able to mining, and others.

Learning these alts will take time as you go along this crypto journey.
You will understand how pump and dump coins perform in the market or possible exit scam in the making.
You can't tell it at the start but if you closely follow the project, you will acquire some hints what are they doing to ensure the project will survive.
With bitcoin, you just keep up with yourself with the current updates, because the more adoption we have, the better for btc market.

[haasanjui]

Bitcoin is coin of Crypto coin it got huge success in Cryptocurrency and it is still increasing its value and price.
And it is best for investment but due to its too much price middle class people can't afford it. It is only for millinoers

[deadmousehat]

until now I'm also still learning about bitcoin that's why we're all still here because this technology is getting more and more advanced over time. the deeper the knowledge and understanding of the risks, the wiser we will be in making decisions in using bitcoin for profit.

[sweet bb]

#DFBTC creates a #Defi cross-chain financial transaction #Dapp , which includes BTC cross-chain, mortgage lending, pools lp mining, swap and other services.
I have tried Pools LP mining for a month and a half, with nearly three times the profit.
Efficient, safe and transparent.

[herurist]

until now I'm also still learning about bitcoin that's why we're all still here because this technology is getting more and more advanced over time. the deeper the knowledge and understanding of the risks, the wiser we will be in making decisions in using bitcoin for profit.

This is something that is quite important because in this way we can minimize the lag behind the increasingly sophisticated civilization and the continued development of modernization.
with more learning we can at least keep up even if only a little in the field of crypto, especially bitcoin.
although indeed we can only be able and not too proficient but this can be a good provision to be able to navigate in this crypto

[pealr12]

Every day in our lives we learn new stuff and we keep learning, btc is such an advanced technology that we can't learn everything at once, it will be a gradual process, we learn more as we continue using the technology,  btc gives an opportunity for both poor and rich to access it easily, anybody can be a part of this space just by learning and understanding the basic, you don't need to be a dev or have certain knowledge, that's the beauty of this space.

[lockboxcapital]

Want to know more about bitcoin?

You can watch these videos

CryptoIntelligence - Bitcoin and Blockchain - https://youtu.be/Tw0Z_tA_2_M
Bitcoins Supply Drop off - https://youtu.be/VcGf076lMV0
The Flippening - https://youtu.be/vGOjiSJJj-8
Supercycle - https://youtu.be/xw98LfDdd6I
Bitcoin ETF - https://youtu.be/LAkt2Ls8xmc
Bitcoin Taproot Upgrade - https://youtu.be/dV_wifJTq-I

[Fakhrulenclix]

Interest in bitcoin is very common among beginners, I see newbie interest with crypto because they know bitcoin first. However, when it comes to accurate analysis, it is certain that everyone cannot give an answer. As you said every minute there is a price change, either down or up. So basically beginners should understand the market and should be able to start trading at the right time.

[Alen098]

Bitcoin is a digital currency and bcz more and more people are getting aware of it its price is increasing as well so I would say it's a way to earn a good quality of income with patience