Lorence.xD
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November 12, 2023, 07:26:14 AM |
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Moreover, it is wise to invest in bitcoins where there is no financial risk, when you invest in bitcoins, you don't have to risk much for your half.
This might be a dangerous statement to make beginners might misinterpret there’s still risks present in investing that doesn’t mean it’s not profitable anymore risk is defined as an exposure to danger which can be prevented if you invest blindly even if it’s in bitcoin you can still lose your money however you can prevent this by studying the market and being knowledgeable in cryptocurrency You're actually right, a simple statement could be read by someone who's gathering information first before they start investing, which can cause misinterpretation cause all of the investment that exists involves risk. That's why there's a phrase that "high risk, high reward" cause it can be considered as a 50/50 outcome which is either profit or loss, this still depends on the knowledge you hold and experience. No need to sugarcoat everything about Bitcoin, because it is much better to introduce investment such as Bitcoin by giving its pros and cons for newbies to be aware, cause if you only focus on the pros, for sure it might shock you if the outcomes is unexpected from what you've read cause there's no such thing as "risk" they said.
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Negotiation
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November 12, 2023, 07:27:39 AM |
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While Bitcoin and real estate are used in two different ways to build wealth, there are some similarities between the two fields. Real estate investment can help generate income almost permanently, though it may take time. the other hand, Bitcoin is a cryptocurrency, which offers an opting market and opportunity to earn more profit in less time. However, this market is not replaceable and may take time to gain traction. If you want to chart your own path to profit in these two communities, good planning, education and time may be required. Which one is better will depend on your more value property, concept location and information-advice balance. By doing a thorough research you can develop your personal preferences and strengths.
Both bitcoin and real estate investing require considerable knowledge and expertise. An advantage of bitcoin investment is that it is not controlled by the government and the individual invests independently and is not influenced by anything. But when the country's economy suffers real estate investment loses its balance. Its value will decrease day by day investing will become easier if the charts can be evaluated correctly in the case of crypto investment.
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bettercrypto
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November 12, 2023, 08:19:39 AM |
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Even though some people will argue that Bitcoin was not created primarily as a means of investment, it has become obvious that Bitcoin presents a good investment opportunity. Many people even use Bitcoin as a hedge against fiat is plagued by inflation. One aspect that have created much argument is real estate with many saying it is more reliable than Bitcoin that they claim is risky. I know several threads have been made in this regards with most of them moribund. I created this post because I feel so bad regarding what happened in my country. As you can see in this post and the video in it, the state government demolished an entire estate with several buildings and properties inside. This is peoples investment that just got destroyed. This was a property approved by previous administration but demolished by new government...another risk many people do not put into consideration in real estate and some other physical investments. This is a confirmation that Bitcoin is safer and better than many conventional investment portfolios. Anyone still doubting the freedom, comfort and peace that Bitcoin offers is probably yet to embrace reality. Bitcoin is a safe investment for the long term if you have the ability to buy at least 0.5 btc and up, because if not and you just want to experience a profit here, that's okay too. But if you want to be able to achieve your dreams in life, I don't think it will work, in my opinion. Though Bitcoin is undeniably a good investment, That's why many big companies and rich people are interested in investing here. However, Bitcoin can be an instrument for us to be free financially in the future.
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█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ████████▄▄████▄▄░▄ █████▄████▀▀▀▀█░███▄ ███▄███▀████████▀████▄ █░▄███████████████████▄ █░█████████████████████ █░█████████████████████ █░█████████████████████ █░▀███████████████▄▄▀▀ ███▀███▄████████▄███▀ █████▀████▄▄▄▄████▀ ████████▀▀████▀▀ █▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀BitList▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀List #kycfree Websites▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ |
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TimeTeller
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November 12, 2023, 09:41:47 AM |
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While Bitcoin and real estate are used in two different ways to build wealth, there are some similarities between the two fields. Real estate investment can help generate income almost permanently, though it may take time. the other hand, Bitcoin is a cryptocurrency, which offers an opting market and opportunity to earn more profit in less time. However, this market is not replaceable and may take time to gain traction. If you want to chart your own path to profit in these two communities, good planning, education and time may be required. Which one is better will depend on your more value property, concept location and information-advice balance. By doing a thorough research you can develop your personal preferences and strengths.
Both bitcoin and real estate investing require considerable knowledge and expertise. An advantage of bitcoin investment is that it is not controlled by the government and the individual invests independently and is not influenced by anything. But when the country's economy suffers real estate investment loses its balance. Its value will decrease day by day investing will become easier if the charts can be evaluated correctly in the case of crypto investment. One advantage when it comes to bitcoin is that you can invest even small amount of money. But when you consider real-estate, it may require handsome amount of money and the documentary requirements are a lot. However, if you do want a tangible asset in your portfolio, you will dedicate some of your resources and time to acquire one. It is always best to diversify your portfolio, so getting both would be your advantage in the field of investment.
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adultcrypto
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November 12, 2023, 09:48:37 AM |
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Bitcoin is a safe investment for the long term if you have the ability to buy at least 0.5 btc and up, because if not and you just want to experience a profit here, that's okay too. But if you want to be able to achieve your dreams in life, I don't think it will work, in my opinion.
Though Bitcoin is undeniably a good investment, That's why many big companies and rich people are interested in investing here. However, Bitcoin can be an instrument for us to be free financially in the future.
Indeed, long term investment is where the beauty of Bitcoin is revealed. However, you must not have up to 0.5BTC before you realise the gains of Bitcoin. I understand you might be saying this from your own perspective of what it takes to be financially comfortable. To some people 0.05BTC is such a big amount of money that can help them achieve a lot in life. What is most important is holding Bitcoin irrespective of the quantity,. I see Bitcoin accumulation as a continuous something, nit just a one time thing because nit everyone have the finances to buy in bulk.
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BoiCrypto
Newbie
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November 12, 2023, 10:08:38 AM |
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Regrets or no regrets, the truth is that there's no investment that doesn't have any risk. That's also the reason why it's not so good to only have one income source.
Actually, every investment has its own risk that is attached to it, whether high risk or small risk. It is always a risk, and we will be the ones to manage it while investing in such an investment. However, you also said the truth by having multiple sources of income so that if plan A doesn’t work out, plan B will.
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CryptopreneurBrainboss
Legendary
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eXch.cx - Automatic crypto Swap Exchange.
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Both bitcoin and real estate investing require considerable knowledge and expertise. An advantage of bitcoin investment is that it is not controlled by the government and the individual invests independently and is not influenced by anything. But when the country's economy suffers real estate investment loses its balance. Its value will decrease day by day investing will become easier if the charts can be evaluated correctly in the case of crypto investment.
This is why Bitcoin investment is different from other forms of investment and that's because the Bitcoin market isn't been regulated by the government, the market is independent and been controlled by the community as when there are positive momentums, the market reacts by increasing and when the sentiments are negative the market declines. The government or the regulatory bodies of the financial markets have no direct say on what happens to the Bitcoin market (price) although they have other indirect impact with laws and policies that they pass. An example is when the central banks (government) raise rates to fight inflation, Bitcoin gets more attention from investors looking for alternative means to hedge their wealth against inflation of fiats especially the dollars. One advantage when it comes to bitcoin is that you can invest even small amount of money. But when you consider real-estate, it may require handsome amount of money and the documentary requirements are a lot. However, if you do want a tangible asset in your portfolio, you will dedicate some of your resources and time to acquire one. It is always best to diversify your portfolio, so getting both would be your advantage in the field of investment.
Bitcoin is a valuable assets although not tangible, it's about time we begin to give Bitcoin the respect it deserved. If I'm to choose between Bitcoin and Real estate, I would prefer investing in Bitcoin because of the opportunity Bitcoin has to make more profits than Real estate. Put that same amount of money that you would have used for Real estate investments into Bitcoin and give it fee months and you'll see the outcome of your investments. Bitcoin has more advantage over other forms of investment and you don't have to worry about so many protocols before you can invest into Bitcoin. By just having a secure offline (hardware) wallet or using a wallet like Electrum on an airgapped device, you can Invest into Bitcoin and hodl for as long as you want and make outrageous profits that will take years before Real estate can give you that ROI
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bbigtart
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November 12, 2023, 10:51:49 AM |
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Both bitcoin and real estate investing require considerable knowledge and expertise. An advantage of bitcoin investment is that it is not controlled by the government and the individual invests independently and is not influenced by anything. But when the country's economy suffers real estate investment loses its balance. Its value will decrease day by day investing will become easier if the charts can be evaluated correctly in the case of crypto investment.
I agree with what you said that every investment must have its own knowledge and expertise. Because without that, investment will not run smoothly, if you don't understand the strategic location then investment will be in vain, likewise investing in bitcoin without knowledge of bitcoin, it is not impossible that we can lose the wallet keys if we don't have knowledge. Between these two investments, Bitcoin is indeed the best compared to real estate because real estate can lose balance every day. Bitcoin has purchase privacy and the ability to flow through multiple currencies and not be interfered with by central banks is something that is important. Especially as central banks and politicians continue to erode the dollar. In every business there are winners and losers, people don't just live by bread. we just need to take advantage of this opportunity, and if it happens with bitcoin, why not do it.
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EarnOnVictor
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November 12, 2023, 12:14:00 PM |
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There is no doubting the fact that Bitcoin is by far more the most secure form of investment, because Bitcoin gives you the maximum privacy, security and control over your investment, and that is something that conventional investments won't offer you at any point, even though Bitcoin investment comes with a lot of risks, but the risk can not be compared with that of losing a business or an estate due to human and natural causes.
Just like in the story that you shared, this is a total waste of investment for the owner of that estate that got demolished regarding of what right the has or does not have to build on such lands.
Investing in bitcoin also brings freedom and this freedom comes with some accountability, because accountability breeds responsibility, you are 100% responsible for what ever decisions you make. Knowledge is important criteria in Bitcoin investment, for without knowledge one will go massively astray in the business. I don’t think the government will just go about to take people property without issuing out a warning or if the property is in odd place, a good surveyor will know a best sight for you to invest in because they know the map out plan of the area and if they had done their findings and deep investigation they will know if the property has any outstanding issues. It’s is important to always make proper assessment and findings before purchasing any property. Bitcoin is just about your work force and how much well you can manage your risk, risk management strategy is very essential to attain success. The volatility of the market makes its very vulnerable and skeptical for some people to invest in. Regarding the double aspect of Bitcoin: its independence and its responsibility. It is true that investing in Bitcoin is a complex process requiring an in-depth knowledge of the market. Although the freedom it provides can be exciting that very independence demands a rigorous dedication to making well-informed decisions. "Risk management" is a necessity; it is not merely a buzzword. You make a valid point about governments and real estate investments. Thorough research is a requirement. Analysing cryptocurrency investments is also necessary. Prerequisites include keeping up with regulatory changes, cold storage options, and thorough exchange vetting. It would be like trying to walk a tightrope while wearing a blindfold to invest in Bitcoin without a well-thought-out plan and a watchful eye on world events. It's about strategic intellect, not merely workforce. Bitcoin has been the easiest investment I've ever known, maybe it's because of the harsh trading and investment path I followed before actually dealing with it, but I see it as a very free money that anyone experienced could easily tap into. In my opinion, aside from the purchasing and the safekeeping of Bitcoin, I don't see a serious headache required of it from anyone, all the rest are to know how to make your coin grow, that's if you want to play smarter than holding it alone. Bitcoin is a very useful tool on its own that needs only a light learning and might earn for the holder in multiples of what the government investment can offer.
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Ale88
Legendary
Offline
Activity: 2478
Merit: 2734
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2023, 12:33:46 PM |
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This is a confirmation that Bitcoin is safer and better than many conventional investment portfolios.
Anyone still doubting the freedom, comfort and peace that Bitcoin offers is probably yet to embrace reality. One of bitcoin's main characteristic is being your own bank, and on one side is nice because in theory no one can get your bitcoins, on the other hand it also means that if you lose access to your funds nobody can help you, so I wouldn't call that "comfort and peace". Let's be honest, for many people this could be too much, if the majority of your funds are in bitcoin your life is tied to those 12/24 words, without considering of course the possibility to be hacked or making some mistake.
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█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
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G_Besar
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November 12, 2023, 12:52:30 PM |
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Actually, every investment has its own risk that is attached to it, whether high risk or small risk. It is always a risk, and we will be the ones to manage it while investing in such an investment. However, you also said the truth by having multiple sources of income so that if plan A doesn’t work out, plan B will.
Success in any case cannot actually be predicted or guaranteed by ourselves even though we ourselves continue to make supporting efforts so that every plan we have prepared ourselves can run quite well. And when you know about how investment risks can arise and arise, of course you will also really understand how to make plans and will also continue to focus on ways that can make you profitable. The risk is always there and there is no need to be afraid of it because everyone just needs to understand it so they know how to fight it.
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Odohu (OP)
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November 12, 2023, 05:25:31 PM Merited by fillippone (1) |
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One of bitcoin's main characteristic is being your own bank, and on one side is nice because in theory no one can get your bitcoins, on the other hand it also means that if you lose access to your funds nobody can help you, so I wouldn't call that "comfort and peace". Let's be honest, for many people this could be too much, if the majority of your funds are in bitcoin your life is tied to those 12/24 words, without considering of course the possibility to be hacked or making some mistake.
When you open your bank account and received your credit or debit cards, you were advised to keep the card safe, same with your mobile or Internet banking details. You are required to protect your secret pins and passwords because if they enter wrong hands, your money will be gone. You accepted these conditions and agreed to be responsible for whatever happens to your account should your information get into the wrong hands. Indeed you call the conventional banking system "peace of mind" but Bitcoin risky meanwhile, the procedure for securing your funds and taking responsibility is similar in concept and in reality... keep your hardware wallets(ATM card, hard token, your phone with the sim card) safe, protect your password and seed phrase (Card pin, mobile and Internet banking password) safe.... same concept, same responsibilities. You might argue that you cannot recover your funds if you on the case of loss or you forget your password; this is where backup in different ways comes in. I'm not denying the fact that there is risk in Bitcoin because everything in life comes with some form of risk. Therefore, I consider the risk in Bitcoin normal with nothing special about it.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | | | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
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danadc
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2023, 08:10:59 PM |
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It's simple, because Bticoin is a different Technology , it is something that they left us to Overcome the corrupt system in which we have always lived in our education until these days where the failure of an inflationary economy is Giving its last kicks, don't be surprised Let it happen that the dollar or a strong currency falls, because the inflation that exists in the USA is Incredible, and Bitcoin represents everything contrary, it is like better than gold itself , I know that I could be wrong, but I think that the Bitcoin is more valuable than gold and he is going to leave it behind because he knows it will go up much more and People will look for it like the great Treasure.
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Blitzboy
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 13, 2023, 10:37:00 AM |
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One of bitcoin's main characteristic is being your own bank, and on one side is nice because in theory no one can get your bitcoins, on the other hand it also means that if you lose access to your funds nobody can help you, so I wouldn't call that "comfort and peace". Let's be honest, for many people this could be too much, if the majority of your funds are in bitcoin your life is tied to those 12/24 words, without considering of course the possibility to be hacked or making some mistake.
When you open your bank account and received your credit or debit cards, you were advised to keep the card safe, same with your mobile or Internet banking details. You are required to protect your secret pins and passwords because if they enter wrong hands, your money will be gone. You accepted these conditions and agreed to be responsible for whatever happens to your account should your information get into the wrong hands. Indeed you call the conventional banking system "peace of mind" but Bitcoin risky meanwhile, the procedure for securing your funds and taking responsibility is similar in concept and in reality... keep your hardware wallets(ATM card, hard token, your phone with the sim card) safe, protect your password and seed phrase (Card pin, mobile and Internet banking password) safe.... same concept, same responsibilities. You might argue that you cannot recover your funds if you on the case of loss or you forget your password; this is where backup in different ways comes in. I'm not denying the fact that there is risk in Bitcoin because everything in life comes with some form of risk. Therefore, I consider the risk in Bitcoin normal with nothing special about it. In fact, both systems require human accountability. In conventional banking, we know to secure cards and PINs; in Bitcoin, protect your hardware wallet and seed phrase. Though, traditional banking is often seen as a "safe haven", while Bitcoin is branded risky. Why the difference? Perhaps people trust banks because we've grown up with them despite their risks and failings. Bitcoin's security approach relies on cryptographic principles that provide strong protection when utilized properly. Is Bitcoin's danger unique, or are we just more aware of its steep learning curve? Your Bitcoin backup strategy point is vital. Bitcoin lets users be their own bank, unlike centralized banks. This empowerment comes with the duty to backup and secure one's possessions, providing self-reliance and technical resilience-based peace of mind. In essence, while the mediums differ the underlying responsibility for security remains the same. Adapting to a new asset management paradigm where varied risks are just another aspect of financial self-sovereignty.
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