Every crypto newbies need to know this

[Outhue]

The only thing that keeps giving me the freedom vibe right now is Bitcoin.

Bitcoin is the only innovation that keeps me a bit ahead of the Government.

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

They monitor you when you made some deposits in the bank.

They sit you down and start asking questions when you are ready to use your hard earned money.

They use your money behind your back to invest for themselves.

This is why I strongly believe that Bitcoin will forever keep it's value intact, do make sure that you at least have 50% of your fund in Bitcoin, whatever your crypto dream might be make sure Bitcoin has its place in your hardware wallet.

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[Lucius]

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

Why would they be? The system is designed so that it suits them perfectly, whether it is accounts that are in their name, or some secret ones through which they hide their money in order to pay less tax. They are among the last in the world who would change that system, because if you think that they think that Bitcoin is better than fiat, then why don't they invest their wealth in it?

This is why I strongly believe that Bitcoin will forever keep it's value intact, do make sure that you at least have 50% of your fund in Bitcoin...

If you really believe in Bitcoin, then even 50% is too little - although that is the decision of each individual. For some, it may be too much, especially in the time we are in now, because some have a hard time bearing the fact that their investment has lost value and that they cannot know when it will reach the desired value again.

[Zaguru12]

It's only few of the so called billionaires that are into bitcoin due to the monopoly They benefit from banks. It is even these rich people that are given peoples money as loan to invest with, so you don't expect them to come into fair and equal space like bitcoin.

With all that said and also a bitcoin enthusiast I still believe it is way risky to put 50% of your worth or investment into it. Bitcoin is at a stage where it requires enough patience for long time holding and 50% might just be too much to lay off for a long time. So a 5-20% of investment will worth the risk.

[BitMaxz]

Banks have their own purpose don't compare them with Bitcoin because Bitcoin is different you can use their wallet as your own bank but the price of Bitcoin is too volatile you can't just put 50% of your funds into Bitcoin without knowing the Bitcoin history. Bitcoin is an asset it is likely the same as gold the only difference Bitcoin is too volatile.

And take note banks have their own security to protect your funds, unlike Bitcoin which depends on you how you protect your wallet.

[Taskford]

The only thing that keeps giving me the freedom vibe right now is Bitcoin.

Well temporarily maybe yes but don't really on it only since it could also make you broke if you do mistake on your investment.

Bitcoin is the only innovation that keeps me a bit ahead of the Government.

Government still ahead because one law pass against bitcoin and it will stop everything.

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

They control the government on some parts of the country  and also they do monopoly so I guess they are not sick with banking system since some billionaires own the bank. Maybe they are sick with bitcoin because they somehow cannot take full control on this creation.

[Outhue]

The only thing that keeps giving me the freedom vibe right now is Bitcoin.

Well temporarily maybe yes but don't really on it only since it could also make you broke if you do mistake on your investment.

Bitcoin is the only innovation that keeps me a bit ahead of the Government.

Government still ahead because one law pass against bitcoin and it will stop everything.

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

They control the government on some parts of the country  and also they do monopoly so I guess they are not sick with banking system since some billionaires own the bank. Maybe they are sick with bitcoin because they somehow cannot take full control on this creation.

One law passed against Bitcoin will stop everything?

Why haven't that happened yet? The only thing the government keep alive is what they are benefiting from.

Bitcoin has died too many times already, I can't wait to see that happening over and over.

[Lucius]

Bitcoin has died too many times already, I can't wait to see that happening over and over.

Bitcoin never died, it's all nonsense from various so-called experts and so-called journalists who in their work try to create as many clickbait titles as possible so that someone would read their meaningless articles. If someone were to carefully search all the articles in the world, I'm sure that every day they would find at least one article claiming that Bitcoin is dead.

Even a lie repeated a thousand times is still a lie, especially if it is based on only one factor, namely the price. I am sure that these same journalists will not write that some well-known company is dead because it lost several hundred billion dollars overnight due to the drop in its stock price.

[Z-tight]

They use your money behind your back to invest for themselves.

I believe everybody should know when their money is in the bank or with a centralized service that it isn't just sitting there the way they deposited it, when you log into your profile or account you will see the exact amount you have deposited, but consider it money that you are "owed" by the centralized service, which they would give to you when you request for it, except if they run into problems like bankruptcy, and they do not have enough in their reserves, then withdrawing the amount you can see in your account becomes impossible, which proves that in any case it wasn't sitting there the way you deposited it.

do make sure that you at least have 50% of your fund in Bitcoin, whatever your crypto dream might be make sure Bitcoin has its place in your hardware wallet.

Do make sure the amount of funds you have in BTC is what you can afford to lose, 50% of ones funds looks like what's too difficult to lose, but it is a personal choice. In any case your BTC shouldn't be kept in any exchange, but safe in self custody, i believe if one successfully protects their BTC from scammers they can't lose anymore, except such a person is greedy and impatient.

[traderethereum]

One law passed against Bitcoin will stop everything?

Why haven't that happened yet? The only thing the government keep alive is what they are benefiting from.

Bitcoin has died too many times already, I can't wait to see that happening over and over.

Yes, bitcoin has died too many times but fortunately, it still has the power to rise again and can even attract more people to invest in bitcoin.
Even if one law after another is passed to stop bitcoin, it will not happen because the government can't control the movement of bitcoin.
Maybe one day, the government will enact stricter laws to control its users, but that doesn't mean bitcoin will lose the trust of its users.
If you can't wait to see bitcoin die, you better keep waiting and miss the opportunity to benefit from bitcoin.

[2stout]

One law passed against Bitcoin will stop everything?

Why haven't that happened yet? The only thing the government keep alive is what they are benefiting from.

Bitcoin has died too many times already, I can't wait to see that happening over and over.

Yes, bitcoin has died too many times but fortunately, it still has the power to rise again and can even attract more people to invest in bitcoin.
Even if one law after another is passed to stop bitcoin, it will not happen because the government can't control the movement of bitcoin.
Maybe one day, the government will enact stricter laws to control its users, but that doesn't mean bitcoin will lose the trust of its users.
If you can't wait to see bitcoin die, you better keep waiting and miss the opportunity to benefit from bitcoin.

Bitcoin is like the Phoenix, except it has never truly died.  However, it has risen from what those who don't understand may call "near death experiences" but we here know better.

[Anguwa]

You are correct that some millionaires receive a percentage from banks as a result of their high investment, but I believe that this is a waste of time given that they could be investing their money in Bitcoin rather than spending their time waiting for small changes from banks. Government agencies monitor the flow of money into people's accounts in countries like Nigeria as a result. If you deposit too much money, you must explain to the government where the money came from, but investing in bitcoin has nothing to do with that because it is transparent.

[Gozie51]

They use your money behind your back to invest for themselves.

All the banks do this with depositors money to invest in different parts of the economy and outside the country and who are the bank CEOs ? or bank owners? They are those in government of course and they are those trying to discourage bitcoin hodlers but they won't succeed to stall bitcoin. The poor and youth have found the freedom needed where you can control your money by yourself and not throw it into one bank for them to feast on it and send you monthly bank maintenance charge on your account. All those frivolous charges are cut off using bitcoin.

[hatshepsut93]

First things first, in your title you said "crypto newbies" and in the OP you talk about Bitcoin. Crypto in general is a scam, they use Bitcoin's reputation to create worthless coins with the sole purpose of dumping them to investors.

Bitcoin is the only innovation that keeps me a bit ahead of the Government.

Bitcoin is only a currency, it can't solve anything that is not related to money.

This is why I strongly believe that Bitcoin will forever keep it's value intact, do make sure that you at least have 50% of your fund in Bitcoin, whatever your crypto dream might be make sure Bitcoin has its place in your hardware wallet.

There's a good argument that Bitcoin will have some value because it has utility and adoption, but there's unfortunately no good mathematical model for estimating this value. We have no idea if todays price is objective overpriced, underpriced or just right.

[JoyMarsha]

One law passed against Bitcoin will stop everything?

The bare minimum that can be done is to regulate bitcoin or for a nation to proclaim it an illegal form of payment (which some countries have already done). In the future, I don't see bitcoin being outlawed completely.

Bitcoin has died too many times already, I can't wait to see that happening over and over.

What do you mean by bitcoin dying? is it in price or what? in terms of price? The reason for Bitcoin's price decline is its volatility, however, this does not make it a death asset. It continually changes in price but bounces back at least.

[lovesmayfamilis]

Stop thinking about millionaires. They will survive under any conditions. The privilege of bitcoin is that it can be useful to poor people. Yes, of course, not everyone has the opportunity to buy as much as they would like. But there is a motivation for education and a motivation for action. Poor people can have hope for a better life by learning how to deal with bitcoin and investing a small amount. At least, I want to believe it, given how hard the members of this forum are promoting bitcoin in their society. 

[Viscore]

Bitcoin has died too many times already, I can't wait to see that happening over and over.

Bitcoin never died, it's all nonsense from various so-called experts and so-called journalists who in their work try to create as many clickbait titles as possible so that someone would read their meaningless articles. If someone were to carefully search all the articles in the world, I'm sure that every day they would find at least one article claiming that Bitcoin is dead.

Even a lie repeated a thousand times is still a lie, especially if it is based on only one factor, namely the price. I am sure that these same journalists will not write that some well-known company is dead because it lost several hundred billion dollars overnight due to the drop in its stock price.

Well expect for bitcoin to be always declare as dead every time the bear market attacks because that’s how those people wanted bitcoin to end up as they become reluctant to trust bitcoin more than fiat. However, when the bullish market comes in, then why do those people eventually ride with the hype? And when they start losing, they will claim it again that bitcoin is a big scam. Seems that’s there’s never an end to bitcoin lies and accusations.

[freedomgo]

Stop thinking about millionaires. They will survive under any conditions. The privilege of bitcoin is that it can be useful to poor people. Yes, of course, not everyone has the opportunity to buy as much as they would like. But there is a motivation for education and a motivation for action. Poor people can have hope for a better life by learning how to deal with bitcoin and investing a small amount. At least, I want to believe it, given how hard the members of this forum are promoting bitcoin in their society.

It’s just a matter of proper mindset. Bitcoin gives equal opportunity to all so regardless of your social status, even the poorest of the poor, you can always aim to own bitcoin at any cost. But make sure that you are also ready to deal with its risk too as bitcoin can eventually make you rich from long term hodling, but it can also lose your funds instantly if you tend to become an irresponsible bitcoin hodler.

[batang_bitcoin]

It's really portraying freedom. The government cannot even touch its network but those that are working and having their business that requires and supports bitcoin, that's where they can have their own intervention which is what we've known as the regulations.
We don't know how many millionaires and billionaires are here already, I mean those that are wealthy already that have started to invest in bitcoin. But we're sure and there's no argument that bitcoin have generated a lot of millionaires and billionaires already. Bitcoin generated the more wealthy people than any other asset if I'm telling that correctly. It is the asset that's no doubt is greater than the existing one being a store of value. We just have to accept the fact that the banking system is like that, and bitcoin is breaking that system because everyone who has a wallet and owns bitcoin is their own bank.

[Aanuoluwatofunmi]

The only thing that keeps giving me the freedom vibe right now is Bitcoin.

This is not limited to you alone but on every one of us who hads made the right decision by choosing bitcoin to invest on than any other available cryptos.

Bitcoin is the only innovation that keeps me a bit ahead of the Government.

I know if governments could have something they can do or use to stop bitcoin from existence they would have done that, but this has always been their imaginery dream which will never come to pass because Satoshi has made it all completely decentralized.
 

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

They were indeed, just that only fee of them could comes out to identify themselves, they still fear the freedom they had been given.

[dataispower]

The only thing that keeps giving me the freedom vibe right now is Bitcoin.

Bitcoin is the only innovation that keeps me a bit ahead of the Government.

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

They monitor you when you made some deposits in the bank.

They sit you down and start asking questions when you are ready to use your hard earned money.

They use your money behind your back to invest for themselves.

This is why I strongly believe that Bitcoin will forever keep it's value intact, do make sure that you at least have 50% of your fund in
 Bitcoin, whatever your crypto dream might be make sure Bitcoin has its place in your hardware wallet.

Giving an advice that half of people's funds should be in bitcoin is not ideal. That is your personal opinion. There are many other investment you can go into to. Imagine putting half of your funds on bitcoin and the market happens (in an unfavorable way).
Some people would definitely invest more than 50% of their funds in bitcoin, others might invest 10%, it's a personal decision and everybody does what suits them based on their research, experience and intuition.