Quote from: Justbillywitt on October 04, 2024, 11:26:46 AM

Quote from: Troytech on October 03, 2024, 11:13:07 AM

edited out

I won't even entrust my bitcoin to any charity home if in the eventuality of things that I don't have someone to inherit my bitcoin at my old age. Instead of me giving up my bitcoin to people I don't really know if they will utilise the funds they way I would have intended in my absence. I will donate it to the forum. Because I understand that here is were bitcoin is better understood and appreciated. People here know what bitcoin is all about and it will be properly managed here, and it will be in safe hands. People should stop giving out bitcoin to individuals and organisations that don't appreciate what bitcoin is all about, because they will sell it off and squander the money. But if we donate bitcoin to places where it is appreciated like the this forum, it will be preserved and utilize for the right course in advancement of the forum and enhance further research about bitcoin development in the future.

The forum might not need your funds since with its level of impact, it should have lot of BTC in its treasury, hence your donation to the forum might be insignificant and poorly felt, if it is even felt at all, sometimes it is good to be human before being staunch in your principles. I believe in giving out funds to those that are in dire need of it and can never repay back. In that same scenario, charity is the best and when I mean charity, I don't necessarily mean giving the BTC to them entirely, you can sell it and support the education of the children in the orphanage, erect structures for them, support the poor and displaced. e.g victims of the war between Ukraine and Russia.

It is a good publicity for bitcoin that an old investor without heirs sold a good percentage of his holdings to donate to charity, might trigger some people to have positive mindsets about bitcoin and embrace it.

Quote from: Ryu_Ar1 on October 04, 2024, 03:54:39 PM

Quote from: Ambatman on October 03, 2024, 05:31:16 PM

Learnt today that there are individuals that know nothing about Bitcoin but have been holding since 2020
Came across one today and was quite shocked.
Guess knowledge isn't the biggest decider of who holds or trades.

What kind of ridiculousness is that, not knowing bitcoin but holding it since 2020? Is it not a strange thing when they don't know anything including the basis of what bitcoin is but holding it since 2020.

Although I feel that in the end what he did was very appropriate by being in bitcoin but in the end saying that knowledge is not a determinant is a mistake because in the end knowledge is still very important and we will know it (in this case bitcoin) only by studying it so what's the point when you don't know about bitcoin but are in bitcoin for a long time especially from the collection made from purchases that use money of course.

Although I do not totally believe in its possibility, I might still try to create some exception for them, maybe they inherited it from a parent or guardian and have not had much need for funds and they are still holding it, maybe they were part of the congregation of one or more bitcoin enthusiasts. they welcomed the idea of using some money to purchase the digital gold and have not given it much interest to learn more about the investment they made years back.
I think they should know a bit more about DCA to accumulate more BTC and increase their portfolio periodically so they can have better gains in the long term, and I also think they should be more informed on ways to secure their investments through decentralization, securing their private keys properly and ways to prevent scam activities on their devices.