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Author Topic: My Bitcoin and crypto currency experience.  (Read 318 times)
To.Nick (OP)
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October 23, 2022, 11:18:49 AM
 #1

Bitcoin and crypto currency in general is the new era and I would advise everyone to get involved because it is here to stay. This is the time where basically everything around us has some sorta tech and as life has it we're all evolving by the day. Crypto is the new world order, yes, but it has it bad sides as well. As a novice back then I had my fair share of disappointments. And these disappointments were caused by my fear, fear of missing out, doubts. I met my emotions get the best of me. Don't do that. Don't let your emotions get the best of you.
   
Crypto is the sure way to build a successful business or company and like I said it's the new world order. And with that said, this has been what my experiences with Bitcoin and crypto currency has been like so far.

My experience:
There's a high level of security. Crypto currencies are not always affected by inflation in the market and very volatile in nature. The convenience of trading at anytime and the easy made of crypto currency liquidity across multiple exchanges. There's equality and fairness on either sides of the market. It's always a win-win situation whether you're buying or selling if you know what you're doing. And there's also a high level of transaction freedom.

Please feel free to share your experiences with Bitcoin and other Crypto currency
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October 23, 2022, 03:35:05 PM
 #2

Bitcoin and crypto currency in general is the new era and I would advise everyone to get involved because it is here to stay. This is the time where basically everything around us has some sorta tech and as life has it we're all evolving by the day. Crypto is the new world order, yes, but it has it bad sides as well. As a novice back then I had my fair share of disappointments. And these disappointments were caused by my fear, fear of missing out, doubts. I met my emotions get the best of me. Don't do that. Don't let your emotions get the best of you.
You didn't state how your emotions led to your loss of opportunity or disappointment but you are very correct, it is not ideal to let your emotions becloud your decision in business. The motivation to invest or engage in any business dealing should be verified facts and not mere assumptions or emotions.

You are very correct, bitcoin (I am not sure of others) is the future of legal tender, and denying this fact is living in self-denial.

Quote
Crypto is the sure way to build a successful business or company and like I said it's the new world order. And with that said, this has been what my experiences with Bitcoin and cryptocurrency has been like so far.
You seem to be overexaggerating the impact of bitcoin on businesses. It's true that bitcoin can help businesses to have access to cheap and reliable financial transactions. It also helps businesses to overcome some impediments that are associated with conventional banks. But assuming that it is the sure way of building a successful business is going too far. There are other main or basic skills or resources that every business needs to survive and make a profit. Bitcoin might not be impactful if you dint have the basic skills to run a business. 

Quote
My experience:
There's a high level of security. Crypto currencies are not always affected by inflation in the market and very volatile in nature. The convenience of trading at anytime and the easy made of crypto currency liquidity across multiple exchanges. There's equality and fairness on either sides of the market. It's always a win-win situation whether you're buying or selling if you know what you're doing. And there's also a high level of transaction freedom.

Please feel free to share your experiences with Bitcoin and other Crypto currency
Bitcoin has always proved to be a hedge against inflation but in recent times it has been affected by inflation and some other economic indices. Therefore it would also be slightly out of place to assume that it is not affected by some economic factors. Bitcoin is accepted in most countries of the world and it can be easily converted to fiat. It has also proved to be a good investment especially if you are HODLING. This is because it has proved over the years that after the bearish market, the bullish era would always come.


Note: It would be appropriate if you focus on discussing bitcoin in this section. You can always talk about other cryptocurrencies in the altcoin section of the forum.

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October 23, 2022, 04:07:24 PM
 #3

Bitcoin and crypto currency in general is the new era and I would advise everyone to get involved because it is here to stay.
Not everyone is capable of making smart market decisions; especially with something as volatile as bitcoin/crypto.


Crypto is the sure way to build a successful business or company and like I said it's the new world order.
Of course not. You might think this because you're probably only looking at the successful businesses/companies. If anything, a crypto business/company most probably has lower success chances compared to a business/company in an old industry.

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October 23, 2022, 05:49:00 PM
 #4

To.Nick bro i don't know how but your account is registered on 20 October 2022 and you are on the 23rd sharing your experience for Bitcoin seems weird. May that it can be your Atl account or maybe you are new on BTT.
There are many possibilities why are you sharing this post.

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October 23, 2022, 06:07:59 PM
 #5

To.Nick bro i don't know how but your account is registered on 20 October 2022 and you are on the 23rd sharing your experience for Bitcoin seems weird. May that it can be your Atl account or maybe you are new on BTT.
There are many possibilities why are you sharing this post.

Lots of people are in crypto that are not in this forum, I know friends and colleagues who are involved in crypto but are not members of this forum. So there is nothing wired about if OP account is new here but he already has crypto experience.
The crypto community is vast bro and not everyone who is involved in it is a registered member here perhaps the OP already had crypto experience before joining this forum.

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October 23, 2022, 06:40:12 PM
 #6

I agree with what the op mentions in the personal experience part, but I think that some earlier things like about crypto being 'the sure way to build a successful business' are significantly overstated. A person can build a crypto-related business of many kinds, and it's also possible to implement some usage of cryptos for a business that isn't centered around cryptos. However, it can lead to losses, it can fail, just like other businesses. Also, if there's a good business idea but there doesn't seem to be a place for cryptos there, maybe it's okay and there shouldn't be.

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October 23, 2022, 06:48:56 PM
 #7

My experience:
There's a high level of security. Crypto currencies are not always affected by inflation in the market and very volatile in nature. The convenience of trading at anytime and the easy made of crypto currency liquidity across multiple exchanges. There's equality and fairness on either sides of the market. It's always a win-win situation whether you're buying or selling if you know what you're doing. And there's also a high level of transaction freedom.
BTC is deflationary, and it is secure because of the high hash rate, consensus mechanism, decentralization etc. But with self-custody it is only as safe as you make it, if you are not up for the responsibilty of self-custody, it is better to stay with paper money, it is even worse for bitcoiners who don't practice self-custody, that is bitcoiners who use custodial wallets and services; they bear more risks that the average user of fiat centralized services.

You are alluding to crypto and not BTC, so you better be careful trading shitcoins in centralized exchanges, it may be convenient until it is not. BTC is a 'community network' so we could talk about 'equality' and 'fairness' you mentioned, but again you generalized it as crypto, maybe you should know that many crypto's are centralized and controlled by a small group, like ETH that just moved to POS that allows for centralization and the possibility of powerful staking pools and censoring of transactions, in BTC POW it is impossible for a miner to control 51% of the hash rate.

It can only be a win-win for a crypto user if they use the right coin (BTC) and have the knowledge they need about it.

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October 23, 2022, 06:50:53 PM
 #8

If you're giving advice in here to get involved in bitcoin and crypto, we're all sure that we've been into it, and we do agree with you. But if you're going to talk about it somewhere else, many will raise their eyebrows on you.

It's hard to convince people with something that you're enthusiastic about and they're not. But don't worry, soon, the natural growth of adoption is going to come and those people that don't like it when they've heard it from you will start to be curious once, been there done that.

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October 23, 2022, 06:59:54 PM
 #9

In the beginning, everyone had a bad experience with crypto and it was because of a lack of knowledge. We should know what are we going to do. When someone first time enters crypto they think it's a quick rich scheme and they expect a lot. So it results in a negative impact when the market dump. But it's true you can't learn properly if you don't lose. When investors lose funds then he thinks deeply about the next step though they regret it. When we start more learning day by day experience will change.

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To.Nick (OP)
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October 23, 2022, 08:10:09 PM
 #10

Bitcoin and crypto currency in general is the new era and I would advise everyone to get involved because it is here to stay. This is the time where basically everything around us has some sorta tech and as life has it we're all evolving by the day. Crypto is the new world order, yes, but it has it bad sides as well. As a novice back then I had my fair share of disappointments. And these disappointments were caused by my fear, fear of missing out, doubts. I met my emotions get the best of me. Don't do that. Don't let your emotions get the best of you.
You didn't state how your emotions led to your loss of opportunity or disappointment but you are very correct, it is not ideal to let your emotions becloud your decision in business. The motivation to invest or engage in any business dealing should be verified facts and not mere assumptions or emotions.

You are very correct, bitcoin (I am not sure of others) is the future of legal tender, and denying this fact is living in self-denial.

Quote
Crypto is the sure way to build a successful business or company and like I said it's the new world order. And with that said, this has been what my experiences with Bitcoin and cryptocurrency has been like so far.
You seem to be overexaggerating the impact of bitcoin on businesses. It's true that bitcoin can help businesses to have access to cheap and reliable financial transactions. It also helps businesses to overcome some impediments that are associated with conventional banks. But assuming that it is the sure way of building a successful business is going too far. There are other main or basic skills or resources that every business needs to survive and make a profit. Bitcoin might not be impactful if you dint have the basic skills to run a business. 

Quote
My experience:
There's a high level of security. Crypto currencies are not always affected by inflation in the market and very volatile in nature. The convenience of trading at anytime and the easy made of crypto currency liquidity across multiple exchanges. There's equality and fairness on either sides of the market. It's always a win-win situation whether you're buying or selling if you know what you're doing. And there's also a high level of transaction freedom.

Please feel free to share your experiences with Bitcoin and other Crypto currency
Bitcoin has always proved to be a hedge against inflation but in recent times it has been affected by inflation and some other economic indices. Therefore it would also be slightly out of place to assume that it is not affected by some economic factors. Bitcoin is accepted in most countries of the world and it can be easily converted to fiat. It has also proved to be a good investment especially if you are HODLING. This is because it has proved over the years that after the bearish market, the bullish era would always come.


Note: It would be appropriate if you focus on discussing bitcoin in this section. You can always talk about other cryptocurrencies in the altcoin section of the forum.

Thanks for clarifying that for me. Bitcoin has its ups and downs, and lately I've been lucky enough to witness the ups and the favourable aspect of bitcoin, all to the point of letting my biased judgement get the best of me and I'm sorry about that mistake.

And speaking of letting my emotions get the best me? I allowed the fear of missing out on great deals and profits when there's a high rise in the market overcome me and also the uncertainty and doubt that constantly plays in my head that what if Bitcoin crashes after a huge investment. These were the feelings and emotions that had the upper hand in my early days. Thanks.
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October 23, 2022, 09:02:44 PM
 #11

Everyone had their own crypto currency experience based on their trading experience.The people who had experience before the 2017,will capable to do the good holding capacity for now.People who come to trading in the corona times will not have the patience like the old people.I am not criticising the new traders,they should learn the trading way to earn some good money from the trading.Bitcoin is the King to survive more then a decades.

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October 23, 2022, 11:08:00 PM
 #12

When I first got to know bitcoin, I had a bad experience where I was tricked into buying crypto other than bitcoin, I almost stopped to continue learning about bitcoin, but a friend advised me to invest in bitcoin directly, not in other coins. over time I hold bitcoins, and at that time in 2021 yesterday I enjoyed the results, and I understand the meaning of holding coins, patience and analysis are important in setting strategy here I think (just a piece of the story from me)

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October 23, 2022, 11:19:02 PM
 #13

Each one of us has bad and good experiences and for sure this bad experience when we're new in the crypto space.
Most newbies will usually encounter bad experiences and they will learn about them until it will become good experiences.  Its important thing that we should must learn and explore more about what technology Bitcoin has and learn different experiences.

More knowledgable you'll gain in this field the more good experience will come, believe me on this.
Just playing safe, stick on Bitcoin while you're a newbie because altcoins are very crucial stuff that you need to learn first.

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October 23, 2022, 11:23:53 PM
 #14

Each one of us has bad and good experiences and for sure this bad experience when we're new in the crypto space.
Most newbies will usually encounter bad experiences and they will learn about them until it will become good experiences.  Its important thing that we should must learn and explore more about what technology Bitcoin has and learn different experiences.

More knowledgable you'll gain in this field the more good experience will come, believe me on this.
Just playing safe, stick on Bitcoin while you're a newbie because altcoins are very crucial stuff that you need to learn first.

at one point, we are all noobs here in this market. we suffered losses many times over. even if we are here long time, still, we are not exempt from experiencing losses owed to various factors. however, those lessons learned should remind ourselves what's important to us why we are here in this market and why we are staying. the more experience we have, the lesser troubles we should battle in this market. but keep in mind, we are not totally free from encountering fraudsters one way or another.

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October 23, 2022, 11:28:53 PM
 #15

Experiencing a gloomy period is definitely especially in fear, panic, loss and many other anxieties that make you doubt it's a beginner who they are not mentally prepared as a whole, I think it shouldn't be too much to worry about from that experience we learn more about bitcoin and its technology, so what you do will be the best experience someday.

That's what we like about Bitcoin because of the very high degree of freedom so that we trust Bitcoin more than other currencies, because of the equality that exists, this is where we can distinguish it from the others and of course from all that we know is because we already know about Bitcoin More.

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October 23, 2022, 11:37:58 PM
 #16

To.Nick bro i don't know how but your account is registered on 20 October 2022 and you are on the 23rd sharing your experience for Bitcoin seems weird. May that it can be your Atl account or maybe you are new on BTT.
A newbie account doesn't always mean a newbie bitcoiner/miner/investor/trader. Many of them may not register on bitcointalk although they know this forum. So, we cannot judge To.Nick is a beginner in crypto trading or investment.

If you're giving advice in here to get involved in bitcoin and crypto, we're all sure that we've been into it, and we do agree with you. But if you're going to talk about it somewhere else, many will raise their eyebrows on you.
In my understanding, his intention is to share his experience and want to know others' experiences. He seems not to advise anyone to be involved in Bitcoin investment/trading. There is nothing wrong with sharing experiences, it is something usual. However, since there are many similar topics, they are better to post in a single thread entitled "Experiences with Bitcoin" or the like.


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October 24, 2022, 12:20:44 AM
 #17

You're simply saying general statements. You're not even sharing experiences. What did you actually experience with cryptocurrencies' high level of security, of them being not affected by inflation, convenience in trading, liquidity, etc?

With regards to security, Bitcoin has it but there have been hacks on many altcoin projects. Recently, Binance chain experienced it.

With regards to inflation, many altcoins are actually inflationary. If you refer to inflation in the outside world, if cryptocurrencies are not rising in value while the prices of goods and services are all rising, then it is affected by inflation.

With regards to convenience in trading, it's honestly a hassle with all the centralization, KYC requirements, high fees, freezing of funds, etc.
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October 24, 2022, 12:36:28 AM
 #18

indeed bitcoin is not affected by inflation,
but if you suggest doing business using bitcoin, I don't agree.

because of the selling value or price of bitcoin, sometimes it goes up and down so fast, things like that are normal, because this is crypto,
some buy, some sell.

because that's basically what crypto/bitcoin is like.

what I recommend in crypto/bitcoin, is only for long-term investment, because at this time it is the most significant use of bitcoin,
maybe in the future bitcoin can be more developed than now,
but for now, I recommend only to invest long term.
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October 24, 2022, 01:04:17 AM
 #19

Everyone who has entered the world of bitcoin or the crypto world has definitely felt a different experience, everyone has their own story, some are traumatized, some have suffered losses due to lack of patience in holding bitcoin, I myself first entered the world of bitcoin in early 2017, I At first I was not at all interested in bitcoin because I didn't want to keep my money in cryptocurrencies which were full of risk, but at the end of 2017 I became interested because my close friends continued to provide very accurate information about bitcoin, I also tried to hold bitcoin over his advice, finally after a few months later I immediately felt the extraordinary benefits of bitcoin, so now anyone who posts negative things about bitcoin I will never believe it.

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October 24, 2022, 01:21:45 AM
 #20


BTC seems to become very stable in the past weeks so a good experience for traders from the different markets as they are constantly moving to protect their investments.

Not entirely a new world order but just the finance, crypto kinda fix things for unbank.
It's a win-win for investors to go for crypto since there is a shift of ways as many countries are de-dollarizing. And while they are doing it, a lot of us are also not going to any digitized fiat also like the Yuan digital currency.


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October 24, 2022, 01:49:41 AM
 #21

I believe most people who get involved in crypto are like babies at first, and they learn to crawl and stand after falling many times before and don't give up easily until they can get up and walk forever.
like us here, because we at that time may not really know at all and don't even have any prior knowledge and experience, until we learn from experience and find out for ourselves and just a few nice words from others. But we all go through it ourselves and bounce back until we fully understand the risks and problems that exist in the crypto world and generate invaluable profits and experiences that we will never have before.
and I learned a lot in this good forum although there are some good forums but this forum is the best and full of useful information and also good advice about downsides and so on, because here a lot of good people.
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October 24, 2022, 02:01:08 AM
 #22


My experience:
There's a high level of security. Crypto currencies are not always affected by inflation in the market and very volatile in nature. The convenience of trading at anytime and the easy made of crypto currency liquidity across multiple exchanges. There's equality and fairness on either sides of the market. It's always a win-win situation whether you're buying or selling if you know what you're doing. And there's also a high level of transaction freedom.

Please feel free to share your experiences with Bitcoin and other Crypto currency

Your post isn't clear as to how you got the experience of cryptocurrencies. Did you invest in them or did you trade them?
Whatever the case, i hope you are among those holders who are happy to be part of bitcoin in particular and cryptocurrencies in general.


To.Nick bro i don't know how but your account is registered on 20 October 2022 and you are on the 23rd sharing your experience for Bitcoin seems weird. May that it can be your Atl account or maybe you are new on BTT.
There are many possibilities why are you sharing this post.

Basically, you don't need to be a part of bitcointalk in order to know about bitcoin. You can still use bitcoin and may not know about bitcointalk. I think OP is an experienced bitcoin user, but he seems to be new to this forum.

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October 24, 2022, 02:12:10 AM
 #23

Everyone who initially came as a beginner would have had the same experience as you. Fear, disappointment, doubt are the three most difficult things to get rid of. I've been in your position, but I finally got through it all. Over time it will slowly disappear if you continue to cultivate a sense of courage in yourself and keep moving forward without knowing the feeling of giving up. Believe bitcoin will change your life and also change the world in the future.
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October 24, 2022, 08:22:22 AM
 #24

If you're giving advice in here to get involved in bitcoin and crypto, we're all sure that we've been into it, and we do agree with you. But if you're going to talk about it somewhere else, many will raise their eyebrows on you.
In my understanding, his intention is to share his experience and want to know others' experiences. He seems not to advise anyone to be involved in Bitcoin investment/trading. There is nothing wrong with sharing experiences, it is something usual. However, since there are many similar topics, they are better to post in a single thread entitled "Experiences with Bitcoin" or the like.
Yup, the point of what I've said is that. When you're giving advise someone on the forum, it's obvious that we're all here and understands that investing in bitcoin is our priority and as it's here to stay, so do we.

Everyone who initially came as a beginner would have had the same experience as you. Fear, disappointment, doubt are the three most difficult things to get rid of. I've been in your position, but I finally got through it all. Over time it will slowly disappear if you continue to cultivate a sense of courage in yourself and keep moving forward without knowing the feeling of giving up. Believe bitcoin will change your life and also change the world in the future.
Once you've gained knowledge, you'll understand almost everything on how bitcoin's price moving and the market itself. With those price going up and down, the time will come as it seems that it's almost nothing to you anymore.

And that is because you've been used to it.

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October 24, 2022, 09:19:43 AM
 #25

-snip-
My experience:
There's a high level of security. -snip-
A little about the high level of security. it also depends on the user, because perfect security will never exist. The private key can be stolen by someone from your hands or the exchange you are using is hacked. So about the security of all systems, there are loopholes and it also depends on how each user is.

My experience in cryptocurrency is quite a lot. Starting from not understanding anything about what bitcoin is and what crypto is. learn to make a wallet and start doing small trades by instinct without knowing the science of technical and fundamental analysis. And even I have also been in a phishing trap that resulted in my wallet being hacked and have participated in several scammer projects and many more. The experiences that have been experienced so far, should be a lesson and become a new motivation to do better and learn more about crypto. Cryptocurrency not only includes Bitcoin only, but there are many other coins as well as other networks besides bitcoin.
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October 24, 2022, 09:32:37 AM
 #26

I agree that crypto has come to stay and it belongs to the future.
However, there are more and more people entering this market each and every day among which more than 90% know nothing about this market and have just come based on what they have heard from their family or friends. These people may not only benefit from the market in buying and selling, but also might harm their family, make them disappointed, etc.
It's too important to read, watch, listen and make small trades in order to learn. It's a must...
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October 24, 2022, 09:46:27 AM
 #27

True cryptocurrency like Bitcoin has nothing to do with the so called new world order as it runs contrary to the order's agenda. It's is a freedom currency/system that will serve as alternative to centralized currencies/systems and for those who wish to escape what the New World would bring. The only way it can be a New World order system or currency is by centralizing it which is almost impossible to do by those who wish to centralize it... Not that it can't be done but Bitcoin has been chosen by the wise ones and Bitcoin master to be a system that's used to save humanity in chaotic and tyrannical world.

In regards to my experience, so far(since it was captured) so good.

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October 24, 2022, 11:51:17 PM
 #28

I believe most people who get involved in crypto are like babies at first, and they learn to crawl and stand after falling many times before and don't give up easily until they can get up and walk forever.

One thing which is un-usual about crypto is that most people who jump into crypto do not care to learn about it. They just heard from their friends and family about crypto currencies and start to invest and trade blindly. They heard stories that people are making millions in crypto and hence they also start trading with the hope to make money. When in all fields of life, we need knowledge then how come crypto trading/investment can be done without any knowledge? This is a financial field and we need more attention here in order to make money but no one understands it initially.
Once they lose money in trades, close their trades in loss, get stop loss hit more often and the account gets liquidated, then they realize the mistake that they should have to understand first before actually working with crypto and bitcoins.

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October 25, 2022, 12:42:02 AM
 #29

To.Nick bro i don't know how but your account is registered on 20 October 2022 and you are on the 23rd sharing your experience for Bitcoin seems weird. May that it can be your Atl account or maybe you are new on BTT.
There are many possibilities why are you sharing this post.

I shared this post because I still have a lot to learn, I can't settle down with what I think I know when there's so much knowledge out here. Merely reading the comments alone is very educative. I don't know why you had to make it sound like I'm not worthy to be here, bro we're all students still learning... Remember "a closed mouth is a closed destiny". I ask questions when I'm lost, I so much love corrections because lessons are blessings in disguise and the best part of it all is that I get to learn the lessons here for FREE. Y'all are so amazing. Thanks and Good luck.
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October 25, 2022, 12:53:34 AM
 #30

My experience:
There's a high level of security. Crypto currencies are not always affected by inflation in the market and very volatile in nature. The convenience of trading at anytime and the easy made of crypto currency liquidity across multiple exchanges. There's equality and fairness on either sides of the market. It's always a win-win situation whether you're buying or selling if you know what you're doing. And there's also a high level of transaction freedom.
BTC is deflationary, and it is secure because of the high hash rate, consensus mechanism, decentralization etc. But with self-custody it is only as safe as you make it, if you are not up for the responsibilty of self-custody, it is better to stay with paper money, it is even worse for bitcoiners who don't practice self-custody, that is bitcoiners who use custodial wallets and services; they bear more risks that the average user of fiat centralized services.

You are alluding to crypto and not BTC, so you better be careful trading shitcoins in centralized exchanges, it may be convenient until it is not. BTC is a 'community network' so we could talk about 'equality' and 'fairness' you mentioned, but again you generalized it as crypto, maybe you should know that many crypto's are centralized and controlled by a small group, like ETH that just moved to POS that allows for centralization and the possibility of powerful staking pools and censoring of transactions, in BTC POW it is impossible for a miner to control 51% of the hash rate.

It can only be a win-win for a crypto user if they use the right coin (BTC) and have the knowledge they need about it.

Thanks to the beautiful benefits of learning... and thank you so much for taking out time to give me clearer understanding. Thanks for throwing more light on that and also for helping me expand my horizons. I really appreciate.
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October 25, 2022, 02:27:39 AM
 #31

I believe most people who get involved in crypto are like babies at first, and they learn to crawl and stand after falling many times before and don't give up easily until they can get up and walk forever.

One thing which is un-usual about crypto is that most people who jump into crypto do not care to learn about it. They just heard from their friends and family about crypto currencies and start to invest and trade blindly. They heard stories that people are making millions in crypto and hence they also start trading with the hope to make money. When in all fields of life, we need knowledge then how come crypto trading/investment can be done without any knowledge? This is a financial field and we need more attention here in order to make money but no one understands it initially.
Once they lose money in trades, close their trades in loss, get stop loss hit more often and the account gets liquidated, then they realize the mistake that they should have to understand first before actually working with crypto and bitcoins.
While true this is something that happens in all markets that are going through some fast growth, during the start of this century when real estate was going up in value every year at the US people saw this and began to invest in real estate without knowing anything about the topic.

And when the bubble finally exploded they were caught in the middle of it and lost everything they had, this has happened many times before, it happened with the dot com bubble, the tulip mania and now it is happening with this market, however there is not much we can do about those people and we must concentrate on ourselves and taking the correct decisions when we have to.
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October 25, 2022, 02:34:22 AM
 #32

Bitcoin and crypto currency in general is the new era and I would advise everyone to get involved because it is here to stay. This is the time where basically everything around us has some sorta tech and as life has it we're all evolving by the day.
(....)
I got your point here but there are some people who really don't appreciate Bitcoin, they only starting to acquire or use Bitcoin because of the money involved, like investment, easy money. This is a very common misunderstanding about Bitcoin.
I am not telling that investing in Bitcoin is bad, but people must understand first how Bitcoin works so just incase what will happen to their investment, they will not blame Bitcoin or other people.
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October 25, 2022, 03:21:39 PM
 #33

Crypto currencies has a high security? are you joking? there's many cases where shitcoins chain got exploited which mean the hacker can hack the coins. They don't need to hack every wallet address in order to steal someone coins, if they can hack the coins, they can steal all of the coins as long as the hacker want.

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October 25, 2022, 11:37:51 PM
 #34

My experience:
There's a high level of security. Crypto currencies are not always affected by inflation in the market and very volatile in nature. The convenience of trading at anytime and the easy made of crypto currency liquidity across multiple exchanges. There's equality and fairness on either sides of the market. It's always a win-win situation whether you're buying or selling if you know what you're doing. And there's also a high level of transaction freedom.

Please feel free to share your experiences with Bitcoin and other Crypto currency

Like you pointed out, there is freedom in trading. You are not restricted to a specific time-frame due to no regulation in the trading market by the government. While there may be some whales that can relatively manipulate the price, it is not as worst in trading where giant conglomerates hold like 51% of a respective stock which can lead to inside trading.

Personally, BTC has created an opportunity for me to work online. I never imagined seeing myself working online and receiving this amount of BTCs weekly due to campaign signatures. While this kind of visioned is too specific, it significantly helped me and my family in alleviating our expenses weekly.

R


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October 26, 2022, 03:01:42 AM
 #35

Hi, OP:
We are in the "tell us what you know"(!?) It is actually a very broad subject for "bitcoin and cryptocurrencies" to do it in something like a post, it is not that we are sitting on a 24 hour trip, so we are going little to little, OP.

From your context we can extract many topics that already exist in the forum, in fact repetitive, at least of course they become quite personal, and then we could exchange ideas, we are in a forum, we must give continuity to the debate, among other things, for example at the point of "My experience" you don't say anything personal, you just say something you know.

A brief summary of your experience:
Why is there a high level of security? Did you work on a project that taught you that, do you work in another area of ​​computing that allows you to compare, or did you simply read it or is it your user experience.(?)

How did you determine the volatility, based on your experience, or is it just knowing what the CMC reads or reading that bitcoin used to cost $69K and now has a value of $20k, at what point did you buy, sell, how did the market affect you? what year? How much money do you lose? How much money do you earn? What project did you start and did the volatility give it momentum or sink it?, etc. It is one thing to read about volatility, to know what it is and another thing is to have experience on the subject, not theoretical, we are talking about the harsh reality or full happiness, which involves money.

Operate 24/7? where did you trade? how often? actually you have experience working demanding hours, taking orders, or simply using the stop button... suffering from leverage, etc.

Exchange liquidity, oops! Be careful with that one, I skip that one, I don't know what to ask.

In the other assessments mentioned in your experience, the same approach.

Friend, you don't tell us anything! Absolutely nothing, and then you want to hear the experiences of others when you haven't said anything, it's strange, October 31 is close.


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October 26, 2022, 08:33:45 AM
 #36


at one point, we are all noobs here in this market. we suffered losses many times over. even if we are here long time, still, we are not exempt from experiencing losses owed to various factors. however, those lessons learned should remind ourselves what's important to us why we are here in this market and why we are staying. the more experience we have, the lesser troubles we should battle in this market. but keep in mind, we are not totally free from encountering fraudsters one way or another.

The experience gained from the mistakes you make will only be useful if you don't repeat those mistakes again, otherwise you have no chance of becoming successful here. And even without scammers, you will lose your money. Basically, all the negative experience gained in the crypt concerns altcoins, with bitcoin there are more chances of success, but still, for successful investments, you must have more knowledge and experience, otherwise the result will be the same every time.

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October 26, 2022, 08:39:20 AM
 #37

It's mostly the same for all of us after experiencing how the complex of opening a bank account without proper documents. Bitcoins gave us chance to experience on how we skip all of that rather all we need to do is a crypto wallet and some exchanges that accepts P2P trading option. Bitcoins really make an innovation of transaction where you don't need to worry about personal documents just to withdraw your money.

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Asiska02
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October 26, 2022, 09:25:53 AM
 #38

My experience:
There's a high level of security. Crypto currencies are not always affected by inflation in the market and very volatile in nature. The convenience of trading at anytime and the easy made of crypto currency liquidity across multiple exchanges. There's equality and fairness on either sides of the market. It's always a win-win situation whether you're buying or selling if you know what you're doing. And there's also a high level of transaction freedom.

Buying or selling cryptocurrency is never a win-win situation. Only when you have a thorough understanding of the market and are an excellent trader or investor will you be able to sell or buy in a circumstance where everyone benefits. Due to how poorly some people failed at investing in cryptocurrencies and lost everything without having a basic understanding of how they worked, many have referred to them as garbage investments. Others with adequate knowledge of it succeeded through their own investment and boasted of their accomplishments. Without proper knowledge you can’t win here.

Everyone who initially came as a beginner would have had the same experience as you. Fear, disappointment, doubt are the three most difficult things to get rid of. I've been in your position, but I finally got through it all. Over time it will slowly disappear if you continue to cultivate a sense of courage in yourself and keep moving forward without knowing the feeling of giving up. Believe bitcoin will change your life and also change the world in the future.

Add to that is the expectation of becoming wealthy rapidly. If you don't achieve the expected result, this concern can lead to discouragement. It is preferable that you lower your expectations and accept the repercussions of dealing with bitcoin market swings. In the long term, the patient, hardworking, and constant learning trader or investor always reaps great rewards.

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October 26, 2022, 09:33:33 AM
 #39

It's mostly the same for all of us after experiencing how the complex of opening a bank account without proper documents. Bitcoins gave us chance to experience on how we skip all of that rather all we need to do is a crypto wallet and some exchanges that accepts P2P trading option. Bitcoins really make an innovation of transaction where you don't need to worry about personal documents just to withdraw your money.
And if you still want to trade bitcoins on a centralized exchange, you must be prepared with all applicable conditions and you are required to submit documents so that your account is verified and there will be no problems with you later. P2P exchange is an option for those who don't want to verify by sending documents. But for now, people still prefer to use centralized exchanges even though they have to verify their accounts. And if you can choose a good exchange, you don't have to worry about losing your funds because the exchange will be your funds as long as you trade.

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