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Author Topic: how much do you love bitcoins?  (Read 1262 times)
Blitzboy
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June 15, 2024, 03:19:42 PM
 #41

Im a big believer in Bitcoin. Bigger than anything we've ever seen, disruptive, and the way money will be in the future. If the government goes after Bitcoin, thats a meh situation. Always have I respected the law. So you gotta think long and hard about what you're gonna do. Moving to another country is a big deal. It affects your life, your family, the full package; not just the money.

And listen, family always comes first if you have to choose between Bitcoin and supporting them. Always. We cannot negotiate that. Money's important, but its not everything. Real success is about looking after your family and yourself. Bitcoin isnt going anywhere. Family, it lasts a lifetime.

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June 15, 2024, 03:36:48 PM
 #42

I would marry Bitcoin.
I would leave my country for Bitcoin.  Hell.  I would leave Earth for it.
I would commit Crime for Bitcoin.
My love for it is immeasurable and infinite.  May Bitcoin be Blessed and may it be the Love of our lives.
Here I thought you were serious because this is genuinely some of the people who are crypto/bitcoin enthusiasts sound like. I understand the 'love' for bitcoin to some extent. I am going to admit that it has definitely changed my life for the better and for that I am thankful but I don't think I can bring myself to commit things I would never do for the love of bitcoin especially if it will put me or my family in harm's way.

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June 15, 2024, 04:13:47 PM
 #43

I don't know how you see bitcoin but all this questions are out of my control, why will I value something over everything in life ? like why the hell will I have to risk the life of someone dear to me because of bitcoin?

Let's not over exaggerate things here, we love bitcoin for many reasons but that we can compare to our lives, family and friends, if you do not know the value of this people in your life you are likely setting yourself up because when the unforeseen happens you will have to call on bitcoin to help you.

Let's keep the love for bitcoin but not see it as a God to worship.
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June 15, 2024, 05:00:09 PM
 #44

I love Bitcoin and I love my country. If it happens that my country bans Bitcoin, I'd secretly keep my Bitcoin while staying in my country. But I'm sure it won't stop there. Opinions change. One administration may be against Bitcoin. The next administration may support it. Or it's possible that an existing administration's opinion of Bitcoin changes before it ends.
Everyone in the cryptocurrency world loves Bitcoin. I don't see Bitcoin as a bad thing because Bitcoin is a coin. In the future, Bitcoin will be a middleman of all. There will come a time when there will be nothing to imagine without Bitcoin.
There will be a time when bitcoins are declared illegal in their own country; even if they hold bitcoins, Babi will employ them secretly. The love for Bitcoin will never wane, no matter how many obstacles it faces.
God bless u
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June 15, 2024, 05:43:06 PM
 #45

Sorry I may be asking so many questions at once, but I am having a rush of related thoughts amd just had to share it for us to learn.
How much do you love bitcoins? But think about it, what kind of situation do you think can push you into stopping to hold bitcoins and invest more in it? please share your episode.
Has your love for Bitcoin surpassed your love for country? If your government threatens arrest for anyone found to still be involved in bitcoins, are you willing to go to jail even if it is just for a day?
Will you be willing to relocate from your country to another region if the environment becomes unsafe for people like you who have invested in bitcoins?

If you had money that you had already planned to DCA into bitcoins and a close family member or friend with a pressing financial need comes up to you to ask you for some financial help, will you be willing to skip your DCA plans and help them? How should we react in such a situation.
I love Bitcoin as long as Bitcoins loves to generate me good trades and high profits. Bitcoins is always being preferable when investments are concerned and that's why it's love among people have increase day by day.

But if the market is not good I don't think then people will try to love Bitcoin because people are more profit oriented.

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June 15, 2024, 05:54:06 PM
 #46

I don't know how you see bitcoin but all this questions are out of my control, why will I value something over everything in life ? like why the hell will I have to risk the life of someone dear to me because of bitcoin?

Let's not over exaggerate things here, we love bitcoin for many reasons but that we can compare to our lives, family and friends, if you do not know the value of this people in your life you are likely setting yourself up because when the unforeseen happens you will have to call on bitcoin to help you.

Let's keep the love for bitcoin but not see it as a God to worship.
If Bitcoin has been a source of income for you when you are in a country where there is so much hardship and every other thing you have tried is not working. My dear you wouldn't want anything to hinder your investment or whatever means you are using to make your money from Bitcoin. I can assure you that you will be willing to take drastic actions so that you won't jeopardize your source of income, or you won't make it vulnerable for anyone even the government to tamper it. Perhaps you may be young, and you may not understand this because you do not have a family or severe responsibility in hands. When you come up to that level you will know that where you earn is worth taking hard actions no if anyone jokes with it.

.
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June 15, 2024, 06:30:10 PM
 #47

Bitcoin is the reason why I'm here and besides is there anybody who wouldn't like Bitcoin? Because if not for Bitcoin the name cryptocurrency may not have been on existence because it was through Bitcoin other things came on board, and also there are a lot opportunities and advantages investing Bitcoin so I will forever cherish Bitcoin because is my number one.

The acceptance of crypto by majority of the people is due to the existence and success of crypto and one cannot ignore the uses of Bitcoin in real life and the economy of an individual. Bitcoin is the top priority of individuals for investment purposes and those who have no Bitcoin is because they cannot afford to buy it.

Bitcoin is the only opportunity about which the doubt of success disappears because we have witnessed its success from years and those will be more successful who are a part of Bitcoin investment from the course of maximum years.



 

 

 

 

 

 


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June 15, 2024, 06:36:15 PM
 #48

Sorry I may be asking so many questions at once, but I am having a rush of related thoughts amd just had to share it for us to learn.
How much do you love bitcoins? But think about it, what kind of situation do you think can push you into stopping to hold bitcoins and invest more in it? please share your episode.
Has your love for Bitcoin surpassed your love for country? If your government threatens arrest for anyone found to still be involved in bitcoins, are you willing to go to jail even if it is just for a day?
Will you be willing to relocate from your country to another region if the environment becomes unsafe for people like you who have invested in bitcoins?

If you had money that you had already planned to DCA into bitcoins and a close family member or friend with a pressing financial need comes up to you to ask you for some financial help, will you be willing to skip your DCA plans and help them? How should we react in such a situation.

1. Arrested because of dealing with Bitcoin? If they would really be able to trace it up then good luck but we do know that this isnt something that could really be that possible not unless
if you are really that a fan on making huge transactions on centralized exchanged platforms on which its KYC verified then its an another story.

2. Migrating into other place just because your country is really that investing to bitcoin and having that kind of prohibition or restriction?
It would really be just that a hassle thing for such consideration.

3. When it comes on helping your family members then it would really be just that depending on you. If you are someone whose really that stone cold
when it comes to situations or someone whose in need then you wont really be having that care and just that simply reject or ignore such condition
but for me i cant be able to resist specially if its inside the family which needs up help.

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June 15, 2024, 06:36:22 PM
 #49


If Bitcoin has been a source of income for you when you are in a country where there is so much hardship and every other thing you have tried is not working. My dear you wouldn't want anything to hinder your investment or whatever means you are using to make your money from Bitcoin. I can assure you that you will be willing to take drastic actions so that you won't jeopardize your source of income, or you won't make it vulnerable for anyone even the government to tamper it. Perhaps you may be young, and you may not understand this because you do not have a family or severe responsibility in hands. When you come up to that level you will know that where you earn is worth taking hard actions no if anyone jokes with it.
It is not as easy as you say because if that was the case, a lot of people would have moved to El Salvador and Central African Republic since these two countries are bitcoin friendly and have made Bitcoin a legal tender. My country has recently become anti crypto and that hasn’t made me consider moving to another country. I can still find ways to trade bitcoin without getting into trouble with the law.

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June 15, 2024, 07:11:23 PM
Merited by Alone055 (2)
 #50

Is bitcoin legal or illegal in your country?

Because of bitcoin's decentralized nature, it has become almost impossible for the government to identify who are or who aren't using bitcoin. But I said almost because they can still somehow trace back the owner of an address and follow the strings.

Especially if you are using a centralized exchange, the chances of the government finding you has heightened. But if bitcoin is illegal in your country then it is most likely that centralized exchanges are banned as well. On the other hand, some people can still use bitcoin because they are very careful and discrete when making transactions.
That is exactly why they are not making it illegal, don't you think a nation who has their own currency, would make their currency weaker by allowing another currency to be legal there to be used? Of course they would, but they realized long time ago that if they put time and effort into making people stop using it, they could just tax it and make an income. This is as simple as that, they just realized that taxing and getting money from people is just a much better option.

This is why my nation not only allows you to invest into it and hold it, but allows you to accept it as payment too, not in some crypto way, not a special thing, you can accept dollar, euro, yuan, whatever foreign currency if you want to sell for that, and same goes for crypto in a manner.

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June 16, 2024, 03:27:52 PM
 #51


If Bitcoin has been a source of income for you when you are in a country where there is so much hardship and every other thing you have tried is not working. My dear you wouldn't want anything to hinder your investment or whatever means you are using to make your money from Bitcoin. I can assure you that you will be willing to take drastic actions so that you won't jeopardize your source of income, or you won't make it vulnerable for anyone even the government to tamper it. Perhaps you may be young, and you may not understand this because you do not have a family or severe responsibility in hands. When you come up to that level you will know that where you earn is worth taking hard actions no if anyone jokes with it.
It is not as easy as you say because if that was the case, a lot of people would have moved to El Salvador and Central African Republic since these two countries are bitcoin friendly and have made Bitcoin a legal tender. My country has recently become anti crypto and that hasn’t made me consider moving to another country. I can still find ways to trade bitcoin without getting into trouble with the law.

What evidence do you have that people are moving to El Salvador and the Central African Republic just because they want to use bitcoin as legal currency? Barriers to language, culture, lifestyle, especially family, will many people be willing to leave their families just to use bitcoin legally? Also, is it easy to move to another country and become a citizen there? Because as far as I know, immigrating and becoming a legal citizen is not easy. Not to mention the security situation and income levels in those countries...there are a lot of things to consider before making the decision to emigrate. I don't think many people dare to do that.

Like you, even a government ban on bitcoin cannot stop you from using bitcoin and intending to move to another country. So I'm really skeptical of anyone who says they're going to move to El Salvador and the Central African Republic just because they want to use bitcoin legally.

By the way, I don't know what the situation is in the Central African Republic, but their attempt to make bitcoin legal tender failed and they made an announcement about it.


https://www.centralbanking.com/central-banks/currency/digital-currencies/7956294/car-to-drop-crypto-as-legal-tender
https://bitcoinmagazine.com/culture/why-bitcoin-failed-in-car

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lizarder
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June 16, 2024, 05:21:45 PM
 #52

Sorry I may be asking so many questions at once, but I am having a rush of related thoughts amd just had to share it for us to learn.
How much do you love bitcoins? But think about it, what kind of situation do you think can push you into stopping to hold bitcoins and invest more in it? please share your episode.
Has your love for Bitcoin surpassed your love for country? If your government threatens arrest for anyone found to still be involved in bitcoins, are you willing to go to jail even if it is just for a day?
Will you be willing to relocate from your country to another region if the environment becomes unsafe for people like you who have invested in bitcoins?

If you had money that you had already planned to DCA into bitcoins and a close family member or friend with a pressing financial need comes up to you to ask you for some financial help, will you be willing to skip your DCA plans and help them? How should we react in such a situation.
Too big fear when you want to make an investment will make you lose the opportunity to reach the stage of financial freedom. While other people have been going so far for investment problems in Bitcoin as long as they have the ability to buy. Investment in Bitcoin can be run anonymously and no one knows if you can keep it a secret and most importantly the security that needs to be improved. Moving other countries is not easy because we cannot get citizenship easily, except only moving as people who do not settle and there are many arrangements that we must pay for permission to live there.

Simple because we live not always to rely on investment but sensitive to the environment around the surrounding is also needed let alone related to helping family members. The purchase process using DCA can be applied in accordance with financial capabilities and if for the planned week cannot be purchased then we can take the opportunity in the following week.

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June 16, 2024, 07:36:09 PM
 #53

If Bitcoin has been a source of income for you when you are in a country where there is so much hardship and every other thing you have tried is not working. My dear you wouldn't want anything to hinder your investment or whatever means you are using to make your money from Bitcoin. I can assure you that you will be willing to take drastic actions so that you won't jeopardize your source of income, or you won't make it vulnerable for anyone even the government to tamper it. Perhaps you may be young, and you may not understand this because you do not have a family or severe responsibility in hands. When you come up to that level you will know that where you earn is worth taking hard actions no if anyone jokes with it.
There are a lot of things one needs to consider before taking hard actions. If someone is earning through cryptocurrencies and they know that the government or the authorities are making things difficult for them, they might think of relocating to another country only to continue earning money, but to do that, one needs to see if they are earning enough money to be able to cover all the expenses and still do good living in the other country.

It is only worth it if you are earning enough money to be able to bear all the expenses including travel, residence, food and drinks, and everything else and still be able to save some money or send money to your family if they aren't moving with you, and if you can't move the family with you, it would only be a temporary thing since you can't live without your family forever.


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June 16, 2024, 07:58:36 PM
 #54

Sometimes, when I enthusiastically talk about purchasing altcoins, people assume I don't like Bitcoin. In reality, I believe the timing for investing in altcoins and Bitcoin differs. Bitcoin tends to perform better in the early stages of the market, especially during a bear market. Currently, it's an optimal time to invest in new and undervalued coins. Bitcoin remains the leader in the crypto market and sets the tone for market speculation.
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June 16, 2024, 08:39:51 PM
 #55

Sorry I may be asking so many questions at once, but I am having a rush of related thoughts amd just had to share it for us to learn.
How much do you love bitcoins? But think about it, what kind of situation do you think can push you into stopping to hold bitcoins and invest more in it? please share your episode.
I love BTC as much as I love my other investments and assets. But my love for Bitcoin can't be compared to each of them as they're all unique and valuable to me so I'd just say that they do have their equal and fair share of my love because if you're into it, you have to love all of them. And the only time that I'll stop investing into Bitcoin is when no one gets to hold it anymore. No individual, no financial institutions that holds it anymore and they've expressed all of their frustrations into it. But that's very unlikely to happen especially today that we've got an ETF of it already.

Has your love for Bitcoin surpassed your love for country? If your government threatens arrest for anyone found to still be involved in bitcoins, are you willing to go to jail even if it is just for a day?
If it's just for a day, it's fine but if it's going to take my life time or half of my life, that's a different thing to do. I know that our love for BTC was there but it is incomparable to the love that we have for our country. There are people who are going with this rough situation that their country has banned Bitcoin and all they wanna do is to keep it in silent.

Will you be willing to relocate from your country to another region if the environment becomes unsafe for people like you who have invested in bitcoins?
Possible, to a country where I can enjoy freedom of holding. Or if not, I'll not tell a thing or two to anyone that I still have it and I'd stay lowkey.

If you had money that you had already planned to DCA into bitcoins and a close family member or friend with a pressing financial need comes up to you to ask you for some financial help, will you be willing to skip your DCA plans and help them? How should we react in such a situation.
Really depends on the situation but I've done that before without sacrificing my strategy to DCA.

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Justbillywitt
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June 16, 2024, 09:14:29 PM
 #56

Sorry I may be asking so many questions at once, but I am having a rush of related thoughts amd just had to share it for us to learn.
How much do you love bitcoins? But think about it, what kind of situation do you think can push you into stopping to hold bitcoins and invest more in it? please share your episode.
Has your love for Bitcoin surpassed your love for country? If your government threatens arrest for anyone found to still be involved in bitcoins, are you willing to go to jail even if it is just for a day?
Will you be willing to relocate from your country to another region if the environment becomes unsafe for people like you who have invested in bitcoins?

If you had money that you had already planned to DCA into bitcoins and a close family member or friend with a pressing financial need comes up to you to ask you for some financial help, will you be willing to skip your DCA plans and help them? How should we react in such a situation.
If the government want to arrest people that are into bitcoin and send us to jail, I will happily continue my bitcoin investment and trading in the prison. After all bitcoin doesn't require a special environment to be traded. Unless we won't have access to our mobile devices in the prison yard. But if they give a particular date before they start hunting people down, I will gladly relocate to a nearby country that's bitcoin friendly and reside there. There is no faking it, my love for bitcoin is very deep. In as much as I love my country, I won't sacrifice  bitcoin for my country. Half of what bitcoin has done for me my country hasn't done it for me.

On your second question, I will never use my investment money and give to anyone who said he/she has a financial challenges. It's just like a farmer who has eaten his seed before the planting season. When the harvesting season will come he won't have anything to harvest because he didn't plant because he has eaten his seed. That relative should go and look for money elsewhere, if my investment brings profits tomorrow, I will help him and pay the debt from the profit I will make. If I give him my investment money, both of us will be poor and nobody will help me tomorrow, so it's better to sacrifice one than lose two at a time.

R


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June 16, 2024, 11:03:16 PM
 #57

The OP seems to be trying to pass himself off as a regular member with regular concerns but reading his post raises questions. He has the hallmarks of an account that wants merits and wants to rank up. It gets somewhat tiresome reading posts that clearly designed to come across and innocent when there is an ulterior motive behind them.

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Cyberczar
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June 16, 2024, 11:27:52 PM
 #58

Bitcoin gives a measure of freedom that's all. Love isn't attached to it because it's something inanimate. Bitcoin can hardly even make you rich these days so it's nothing special except to early adopters.

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cryptoWODL
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June 17, 2024, 12:23:23 AM
 #59

How much do you love bitcoins? But think about it, what kind of situation do you think can push you into stopping to hold bitcoins and invest more in it? please share your episode.
Has your love for Bitcoin surpassed your love for country? If your government threatens arrest for anyone found to still be involved in bitcoins, are you willing to go to jail even if it is just for a day?
Will you be willing to relocate from your country to another region if the environment becomes unsafe for people like you who have invested in bitcoins?

The word love is very deep. Investors or we like bitcoins only purpose is we will make money from it and nothing else. But I don't love Bitcoin so much that I'm willing to go to jail or even relocate for it. Our country government is against bitcoin ie bitcoin is illegal so we have to use bitcoin safely. Many kids have already landed in jail because Bitcoin is illegal. I don't want to be like them.
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If you had money that you had already planned to DCA into bitcoins and a close family member or friend with a pressing financial need comes up to you to ask you for some financial help, will you be willing to skip your DCA plans and help them? How should we react in such a situation.
You have mentioned an important point. There are many investors among us who start investing in DCA method and after a few days they sell their investments due to family financial needs. In such cases, their investment does not last long. Before investing in Bitcoin, plan your investment so that you don't have to sell your investment to meet your family's financial needs. But I will not hesitate to sell my bitcoins if my family needs financial support If he is a close member of my family.

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Alone055
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June 17, 2024, 12:30:00 PM
 #60

That is exactly why they are not making it illegal, don't you think a nation who has their own currency, would make their currency weaker by allowing another currency to be legal there to be used? Of course they would, but they realized long time ago that if they put time and effort into making people stop using it, they could just tax it and make an income. This is as simple as that, they just realized that taxing and getting money from people is just a much better option.

This is why my nation not only allows you to invest into it and hold it, but allows you to accept it as payment too, not in some crypto way, not a special thing, you can accept dollar, euro, yuan, whatever foreign currency if you want to sell for that, and same goes for crypto in a manner.

You are right that government officials tend to be slick when it comes to matters like these. They know what they need to do so that they can benefit from something if they aren't able to get rid of it. Now, suppose they can see that they aren't able to completely eradicate the use of cryptocurrencies among their people. In that case, they will think of regulating them and taxing people who use them instead of trying to keep them away from them.

In our country, so far, they are hesitant to do it, there is no clear ruling about cryptocurrencies or their usage but the State Bank have ordered banks and  other financial institutions to not allow transactions related to cryptocurrencies, so whenever a transaction such as that is found or suspected, the account is blocked and the funds are confiscated.

I'm sure this will change, but it is going to take some time though.

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