It's strange and startling at the same time when things that are abnormal and plainly to be ignored, but it hurts and disappoints me when certain people confined their self in that loop and pattern, and the main cause isn't always a lack of understanding, but a pure ignorance coupled with blatant laziness. You can be ignorant about anything, but I can't recall the last time someone without information was misled on a transparent platform or community. When you're in difficulty with any fallacy or confusion, others here will rush to your aid, and that's precisely what Bitcointalk is about ( You can make anonymous friend too I guess)
Many people have developed this attitude and misperception over the years, I see some both in and out of this forum, and it bothers me when I see others discuss them and when you attempt to explain it to them, they don't want to listen because they are so tied to the "I am early in this project" idea. You can't save them no matter how hard you try, but if you're the kind that does this and a BTT member, dump them in 2021, because 2022 is a fantastic year for everyone.
You enjoy PI or whatever they've promised you over the years, whether it's tokens, underpinning technology, or a bitcoin killer, but Bitcoin has died and risen many times before, but my main issue with this PI thing is mining.
Do you know what mining is all about? Do you know that your PC cannot mine bitcoin unless it is equipped with a specially designed machine known as an Application-specific integrated circuit (ASIC) miner? If someone tells you that you can mine with your phone, you should ignore them, your phone is basically designed to perform the task it is given, use your phone wisely and stop wasting your time referring others to that platform.
Advocating or advising others to invest in bitcoin can be difficult at times, but sharing its applications and adoption is one way to persuade anyone to take bitcoin path, for example, Lightning network LN for purchasing goods, it's very cheap and easy to make payment without having to wait an entire day to confirm transaction, that's one of the things you should teach people about bitcoin, and getting some bitcoin for yourself to hold isn't a bad thing instead of wasting your valuable battery capacity.
- Loan for Bitcoin Purchase
Bitcoin has been such a roller-coaster ride to does who have invested and hold for the past years have been rewarded handsomely, some late investors were fortunate enough to get a few million satoshi right before the pump because they had the money or some cash to spare and it was a huge financial decision for them. For some, it was a money-making bonanza, but for others, it was a tiny loss because they bought practically at all-time highs and haven't drop significantly. A small loss may be easier to accept and find another means to repay your debt, but this is not the best strategy to acquire bitcoin.
I'm not saying don't purchase bitcoin, buy as much as you want, but consider the financial risk-reward and invest the money you don't need at that moment since the market may become unpredictable, don't accept a loan from anyone because you may lose everything.
-Taking out a loan from a bank and not repaying it will result in the seizure and sale of your valuables and collateral.
-Loans from loan sharks can put your lives in danger since they aren't registered, and the interest rates can kill you faster than you think. They may likely threaten your family or close pals.
-Defi is the worst if you aren't equipped on how it operate, do not deposit your bitcoin to take out another loan, this is one of the quickest ways to lose your bitcoin after liquidating your collateral.
Purchase bitcoin and be satiisfy with the amount you were able to get at that time.
- Blind partnership in crypto space
Have you ever witnessed a collaboration between two cooperatives or enterprises when they strike a deal or decide to join forces? The two companies show the legal documentation or signed documents, and sometimes for privacy reasons to investors, and publicly to some media outlets, but the 2021 trend partnerships were different because they intend to use it as a sales tool as it always boosts investors confidence that a well-known company has partnered with them.
Poorly created firms or possible new projects excel at this, but the hoaxes and fictitious partnerships never occur, they are just mentioned on their website because they use their platform or technology. For an example:
A bsc smart contract platform will add binance as their partner.
Coinmarketcap or coingecko will be included because they are on those platforms.
They sometimes they add exchanges too because they are traded on their exchanges.
These aren't partnerships, look out and stay focused.
Happy new year and a blissful month to everyone.
