⭐ Merited by buwaytress (1)
Bitcoin adoption is a positive type of “pandemic” in the digital space. Despite the countermeasures made by those anti-Bitcoin countries like China, it cannot be stopped. It spreads slowly and has non-stop “variants” growing that began with altcoins, then NFTs, etc.
The blockchain cannot be controlled by the government and banks as it is decentralized. No matter how many times they are trying to take it down, they can’t do it. So yeah Bitcoin is thriving despite the circumstances that we are in these days. Doesn’t matter if we are in the bear market, I am still gonna buy and accumulate Bitcoin every month by doing the old-school DCA method.
The blockchain cannot be controlled by the government and banks as it is decentralized. No matter how many times they are trying to take it down, they can’t do it. So yeah Bitcoin is thriving despite the circumstances that we are in these days. Doesn’t matter if we are in the bear market, I am still gonna buy and accumulate Bitcoin every month by doing the old-school DCA method.
I think dca is the best way for regular people, it simplifies things and leaves us time to also focus on other things, while still being effective.
I've also come to think of it, why many fail on thier first approach about bitcoin or along the way in their crypto journey, we all believed that live has principles and same is the bitcoin network as well which has its own govern procedures expected to follow for an itch free experience, learning has the highest percentage to what has been expected of us because every stage in bitcoin required a particular knowledge to scale through, those whales we see out there don't just investment all because they have the fund, but because they have studied, analyze and understand the basic requirements needed for any investment stages in bitcoin.
Exactly
I fully agree with you, in today's world it all about knowledge. With the rise of the Internet borders became obsolete, the whole world is connected now. Which makes it so important to educate ourselves. Knowledge became a resource that can be accessed online through online courses or Wikipedia. It's up to us to keep educating ourselves and move forward in the world. Self-sovereignty is a powerful tool that can make people more interested in politics and reduce corruption in the government. The more people are directly involved with politics and the government, the more transparent things will be. There should be a layer of ordinary people checking what the politicians are doing and verifying everything is okay.
Yup many institutions fail to educate on important things, so its up to the individual again, to be curious and finding out how things work. The world is being flooded with misinformation and deceit from all sides rn, so dont trust anything, but verify, a lesson that bitcoin teaches that can be valuable in every aspect of life.
Yup, this goes well with 1 btc = 1 btc and that's what they should be taught when adopting it. With the current trend in the market, bitcoin has become the instrument of trading and earning profits rather than transacting for the commodities, day to-day stuff buying and selling etc. Bitcoin can have it's own value once they start accepting the payments in btc to etc format and consider USD as only measure of unit. I mean holding gold bar is alway prestigious thing, no matter the value because we always know back of the mind that it's fiat value is always going to upgrade with the time. That sort of feeling one should start getting while holding bitcoins in their wallets. Definitely we should have it as profiting asset but first it should be adopted as it is in terms of its functionality and technicality.
Yeah exactly, its just important to get the basics too and understanding what theyre actually investing in. I see people around me with 0 fundamentals that just focus on price, but like this they cant survive the market.
I can tell you from my experience in Africa (I work on contract there) ...that education is VERY important for Bitcoin (BTC) to thrive. A lot of the people in Africa and other 3rd world countries does not get good education...and their government has dumbed down the education system on purpose. (A corrupt government can only thrive in a situation where citizens fear them and where they do not question their rules and decisions)
Bitcoin can look very complicated to a lot of people, but not all people want to know the intricacies of this technology. (How many people actually know how the Banking system work?.... but they still use money.)
If we can explain the basics to these people and how different it is to the corrupt Banking & government backed Fiat system.... they will see the light.
Bitcoin can look very complicated to a lot of people, but not all people want to know the intricacies of this technology. (How many people actually know how the Banking system work?.... but they still use money.)
If we can explain the basics to these people and how different it is to the corrupt Banking & government backed Fiat system.... they will see the light. Amen, i also think it can be hard to understand Bitcoin for complete newbies, because its so interdisciplinary. But the people who love this challenge, will appreciate what it gives to them. A corrupt government can only thrive in a situation where citizens fear them and where they do not question their rules and decisions. I love this sentence, because it couldnt be more true.
The golden sentence op also mentioned here is knowledge is power and people lose money because they don't have power and knowledge of financial systems, these are all because of lack of education and some people are usually staying against getting educated and learning about new technologies and this makes the newbies good victims to be abused by other people and they will leave the market with empty hands while they lost all the money they invested on the market, that's why I'm a fan of self educations.
I think the current system would collapse if people really understood it, it just uses the weaknesses of humans as a whole perfectly against them, thats why its still here, but i think with bitcoin we can change that.