Why I have bought Bitcoin ?

[LUCKMCFLY]

It's really a real story?

My friend is a Buddhism and we have talking about his religion, AFAIK monk doesn't have access about money, good cellphone etc but their live are based on people who want to donate food, medicine and cloak. They're no longer think about his family, his friends, or his appearance, what they do is only focus about their rules to achieve more higher rank. I don't believe about your story since my friend isn't lying, I hope someone who also a Buddhism could confirm this.

Interesting. This could be true as monks usually focus on solitude and prayer. However, I read about monks and nuns using the latest technology and social media platform. I've read that every monastery has different set of rules, some were allowed to use the internet to communicate with the world but of course it comes with a limit.
Therefore, we should at least consider more of his story. Because I have also thought, is there really a digital monk? Because latest technology might ruin the balance of the monk's way of living.

as you said, there must be a limit to that, and a monk entering the digital world is a must in my personal opinion ... because of course they must also advance in all aspects in order to meet the needs of society in the future because of the challenges of religious leaders in the future different from the old one, so it's not just sitting and praying, for the sake of spreading a virtue and goodness

This turns out to be very curious, I hardly know the Buddhist religion, but I really like its legacies, besides the concentration exercises they take are excellent, I like everything they can achieve, however detach from everything and just keep in mind The search for other things counts, without there being something corresponding material, that is something that I no longer share, and it is not that I am materialistic, but we must accept that the world changes, that we must join in the good changesb and one of those is having things, having technology and that doesn't mean it's bad, so many things are difficult for me while practicing as a Buddhist.

[Piesel]

I also think 5000 is a lot of money for a monk to spend in just six months. In many countries that amount is a lot of money for some people even in a year. It must be some monk who likes to do sinful things, otherwise I don't quite understand how it was possible to spend that money somewhere in a monastery. To me, this thread reeks of a scam.

Spending $5000 in six months is quite absurd here most especially for a monk but let not dive into that is there is any inconsistency in the thread with a quick look at the title of this thread one will discover where the barrier is coming from I wouldn't say there is a language barrier here because from the replies by op it shows he is good in English. So the content of the message is not hard to understand and one can easily discover that this thread is an attempt in a negative direction but all thing is equal. It is a good thing to hear that op has found help through Bitcoin.

What I find funny in your comment is the part you mentioned that spending $5000 a month most have been on sinful adventures as a monk but then you know monks only spend much of their time in the prayer room rather than visiting a clubhouse.

[romero121]

Bitcoin is always the king. Some find this to be unaffordable and move towards altcoins. Whether it is bitcoin or altcoins, it is always good to spend a specific amount on cryptocurrency regularly to make life better after few years of time. For now people find it to be worth against the inflated currencies. Thats the reason why the interest over bitcoin have peaked. This will continue, because the inflation continues as the governments weren't able to keep it under control.

[pgbit]

I bought Bitcoin because Bitcoin is a digital currency. And in the future its value may be higher than we think. Bitcoin is completely under my control. And my assets are safe in it.  I can easily transfer from one place to another to anyone anywhere. Because Bitcoin is the top cryptocurrency in the crypto industry.Because Bitcoin is not controlled by any country or organization. Bitcoin is untraceable and transactions do not require my personal or confidential information. I can store it in my personal wallet where no one else can access it. It is impossible to track money raised through Bitcoin.Because the price of Bitcoin is currently well below its all-time high.Bitcoin has the potential to multiply your capital.There are chances of it getting legal status in many countries in the future.Since many big capitalists, business companies, different countries have invested in it, that's why I also bought Bitcoin.

[wahyuagung26]

In 2015 many people threw away Bitcoin just to buy a few things they needed or something else using Bitcoin,

And if this is discussed more superficially, it can be concluded that this is a very fatal mistake, by thinking of selling Bitcoin at that time was not recommended
.

without them realizing the price of Bitcoin from year to year is always growing and continues to grow until now.

And this is one of the factors that causes many people to be interested in Bitcoin, with the development of Bitcoin, many people who used to have Bitcoin digital assets are very disappointed with the mistakes they made when they wanted to sell them, and lucky for those who at that time they held back and did not choose to sell it.

Therefore, how important it is to store Bitcoin from the past until now because in the development of technology that is increasing, surely one day everyone will hold Bitcoin for investment that is really very useful in the future.

People who understand Bitcoin and have experience with Bitcoin will of course really think this is very important, because Bitcoin is a very valuable investment asset both now and in the future.

[Silent Sam]

There are many reasons to buy bitcoin here if we buy bitcoin now at a low price it will definitely increase in the future but here we have to be careful while buying like how down the market is, of course, buy bitcoin when the market calls or buy other currencies many of us have money in the bank but if we invest bitcoins without keeping money in the bank then we have the possibility of getting a lot of profit in the future, so investing is a very profitable thing, but you have to understand and time it when the market will be down.

[cheezcarls]

Speaking of buying Bitcoin, I've just bought right now before the upcoming Ethereum merge which is just a few hours away from now as of this time of writing. I have been doing DCA with Bitcoin since May 2022 and I don't mind about my losses though.

All of them are actually losses because I usually bought it when it was $30k, $20k, $21k and $23.5k respectively. Now I have bought it above $19k, but I don't really expect about recovery anytime soon despite that the Ethereum merge is just hours away. I fully acknowledge the risks anyway, but the beauty of it is the long term result where it may go up to its ATHs again after the next halving or so.

I'm looking forward to it!

[Jeger.Kiting]

In 2015 many people threw away Bitcoin just to buy a few things they needed or something else using Bitcoin, without them realizing the price of Bitcoin from year to year is always growing and continues to grow until now. Therefore, how important it is to store Bitcoin from the past until now because in the development of technology that is increasing, surely one day everyone will hold Bitcoin for investment that is really very useful in the future.

That was because nobody is able to travel ahead of time and tells that this gonna happen. People had thought before that Bitcoin can't have a higher value and did not expect this will gain wide attention and they spend thousands of Bitcoin on Pizza. Just imagine how Bitcoin is able to grow fast and gain attention from whales, businessmen, and big companies. And it was now to say that being an early adopter is not regretable but consider this an opportunity that once been ignored by many individuals.

Yes I get what you mean, maybe it's just people's ignorance of how the future of Bitcoin will develop then. But as time goes by why everyone doesn't think far, and find out about why Bitcoin was created and how Bitcoin develops in the future, that way they won't just throw it away. For whales and business people they have realized that Bitcoin will grow rapidly, therefore they buy Bitcoin for their long term future. That is why it is important to seek information, then everything will be fine.

[peter0425]

There are many reasons to buy bitcoin here if we buy bitcoin now at a low price it will definitely increase in the future but here we have to be careful while buying like how down the market is,

lol , as if you can truly find when is the down market or up, because this market shows nothing but speculative then best to understand that or be a loser all your life here in crypto market.

of course, buy bitcoin when the market calls or buy other currencies many of us have money in the bank but if we invest bitcoins without keeping money in the bank then we have the possibility of getting a lot of profit in the future,

that is diversification mate , you must buy several coins aside from bitcoin because the coins you must invest will be for future preference .

so investing is a very profitable thing, but you have to understand and time it when the market will be down.

never come to keep expecting , instead make your self ready for everything that may come your way.

[KaliLinux]

When I hear the word "Monk" .... I immediately think of a wise old man on top of a high hill... far away from all the influences of modern technology.    It is refreshing to see that even Monks are adapting to society and modern world now. 

Just a warning... DO NOT use this forum to ask for donations... because it is against the rules. You can post some pictures of your charity work to add some credibility to your post. (remember... anyone can come to a forum like this and post anything.... there are a lot of scammers out there)

If you post something believable .... people might reach out to you.... like that person that gave you the $5000. 

I was thinking about this too. I have never really come in contact with a real monk but I have read and seen their way of life on Documentaries and with this narration, I am having another feeling about monks like monks can really more than be spiritual and @DigitalMonk seems to understand a lot about Bitcoin and cryptocurrency and why do you have to keep stressing that you are a monk like you are trying to convince people you are a monk: https://bitcointalk.org/index.php?topic=5410438.msg60780090#msg60780090
All the proof of donation and usage will go a long way for other support too.

[Cryptmuster]

That was because nobody is able to travel ahead of time and tells that this gonna happen. People had thought before that Bitcoin can't have a higher value and did not expect this will gain wide attention and they spend thousands of Bitcoin on Pizza. Just imagine how Bitcoin is able to grow fast and gain attention from whales, businessmen, and big companies. And it was now to say that being an early adopter is not regretable but consider this an opportunity that once been ignored by many individuals.

It is impossible to know everything in advance, not only bitcoin was able to grow in price just as well, there are other examples of good investments. But the bottom line here is that there are always opportunities, you don’t need to focus only on what has already passed and what can’t be returned, you need to look to the future and look for opportunities where you can make a good profit.

[Nrcewker]

In 2015 many people threw away Bitcoin just to buy a few things they needed or something else using Bitcoin, without them realizing the price of Bitcoin from year to year is always growing and continues to grow until now. Therefore, how important it is to store Bitcoin from the past until now because in the development of technology that is increasing, surely one day everyone will hold Bitcoin for investment that is really very useful in the future.

People during 2015 really underestimated Bitcoins. I mean definitely, when they see a coin is just increasing little in it's price, and also not legalised at many places , so why would they hold it or store it?
For that reason they traded their Bitcoins for whatever possible items or money they can get.
OP’s story is really very annoying to hear and that’s just my personal opinion. The reason for which I bought Bitcoins is just due to the freedom that I will get by holding it in form of my money.

[Pierre 2]

It is so nice to hear that important occupations can understand importance of Bitcoin. Some people believe Bitcoin is dirty, but noone thinks that its dirty only if you use it for dirty businesses. You can donate Bitcoin to monks, churches, charities or even hospitals if possible/available. It obviously can touch people's life in a good way. Please consider Bitcoin as alternative to fiat money, but nothing illegal or not sin.

[salad daging]

In 2015 many people threw away Bitcoin just to buy a few things they needed or something else using Bitcoin, without them realizing the price of Bitcoin from year to year is always growing and continues to grow until now. Therefore, how important it is to store Bitcoin from the past until now because in the development of technology that is increasing, surely one day everyone will hold Bitcoin for investment that is really very useful in the future.

People during 2015 really underestimated Bitcoins. I mean definitely, when they see a coin is just increasing little in it's price, and also not legalised at many places , so why would they hold it or store it?
For that reason they traded their Bitcoins for whatever possible items or money they can get.
OP’s story is really very annoying to hear and that’s just my personal opinion. The reason for which I bought Bitcoins is just due to the freedom that I will get by holding it in form of my money.

The price of bitcoin in 2015 was around $200-$300 of course for them they wouldn't know how much higher bitcoins rose so many were selling because they thought maybe bitcoin wouldn't be as high as now so they can't hold it while there is profit and the price goes up for sure they will sell for buy something you want.
But according to them now they know that bitcoin investment is important for our future has improved much better year by year so that's why it's important bitcoin as a better investment.

[Cookdata]

It is so easy to get donations if your charity or foundation is legit. Still, the channel to receive them are always difficult, especially the centralized ones that will make you go through a process just to collect a gift or some changes, using banks for example can be frustrating. You know what they can't be trusted, your account could be flagged anytime at any moment but bitcoin has helped us facilitate these obstacles. Your Bitcoin is yours and will remain in your wallet provided that you own the private key, don't live your bitcoins on exchanges.

We all have what we believe in, we have Muslims, Christians, atheist and other traditional who are in bitcoin that belongs to one or two of the aforementioned, they will support your charity if they so wish with bitcoin without any middle person, this is part of the freedom bitcoin gives you.

[dezoel]

I was thinking about this too. I have never really come in contact with a real monk but I have read and seen their way of life on Documentaries and with this narration, I am having another feeling about monks like monks can really more than be spiritual and @DigitalMonk seems to understand a lot about Bitcoin and cryptocurrency and why do you have to keep stressing that you are a monk like you are trying to convince people you are a monk: https://bitcointalk.org/index.php?topic=5410438.msg60780090#msg60780090
All the proof of donation and usage will go a long way for other support too.

I have to say I never faced with what we call "monk" neither, but I have seen people who put themselves to 100% spiritual life and those type of people always felt a bit phony to me. All those "I do not need wealth" Siddartha type of people always felt like if offered 10 million dollars they would stop their life and start a new rich one. Of course not "all" of them are like that, but majority like 90%+ feels like that.

Even monks could desire stuff and digitalmonk probably wants to become like an influencer, he wants to build some sort of follower base, and that way he could be on twitter and instagram all day sharing easy stuff like a few sentences and make a living out of it.

[Inwestour]

It is so easy to get donations if your charity or foundation is legit. Still, the channel to receive them are always difficult, especially the centralized ones that will make you go through a process just to collect a gift or some changes, using banks for example can be frustrating. You know what they can't be trusted, your account could be flagged anytime at any moment but bitcoin has helped us facilitate these obstacles. Your Bitcoin is yours and will remain in your wallet provided that you own the private key, don't live your bitcoins on exchanges.

The amount of bitcoin that is stored on centralized exchanges is constantly decreasing, and this suggests that there are fewer and fewer people who want to risk their investments that are stored with someone else. Experienced users repeat this on the forum many times and at least once everyone has read it, and since he read it, then he should think about it. Keep your bitcoins in cold wallets and sleep well.

[yhiaali3]

A digital monk, what a beautiful name you chose, you combine the present and the past, we always imagine a monk from ancient times, and we do not imagine a monk living in the digital age, it is nice to see Bitcoin invading all areas of daily life that we live in every detail, obtaining donations to the church through Bitcoin will be much easier but there must be trust first so that some bad people don't take advantage of it and get donations fraudulently.

[DigitalMonk]

Thank you for your comments and DM.

I do respect all the religions. I have no problem with the agnostics or atheist either. I am actually is not here in this forum to ask for donation. I am not a begger. I am a Digital Monk. Before I became Digital Monk, I used to trade stocks and bonds, I was a banker, central banker. Now I like the decentralised banking system established Satoshi Nakamoto.

I want say, why I have bought Bitcoin ?  That is my story. One day I might publish it in a article. I know if I ask for donation then may be some people will donate few bits but I have never asked any one ever to give any donation. I do charity work from my own investment. I sold some amounts of btc which was donated by one of my follower, probably in 2015 or 2016. I sold those coins to raise about $5000 dollars to do some charity work.

I am glad to see there are many bitcoiners who donating few coins to charity. This is good. May the Lord God of Money will bless them.


 

[pgbit]

I bought Bitcoin because my money is completely safe in it and I only have access to it and it is not controlled by a third party.In Bitcoin I can easily send my money to anyone anywhere.There is no problem for me to hold Bitcoin because it has no physical value, no matter how many Bitcoins I collect.Its transaction is secure and very fast.In the coming times, Bitcoin will be held by countries as a central reserve and if that happens, So anyone who bought bitcoins will have their value in billions.It will be a global reserve in coming times.Bitcoin is leading the entire crypto industry and in a bear market as it is right now, buying Bitcoin can be a very smart decision for the future because if the price of Bitcoin breaks its all-time high in bull season,So I have got huge profit.Bitcoin is a digital currency or digital gold in which big capitalists, big industries and many countries are investing their capital.That's why I also bought Bitcoin