⭐ Merited by JayJuanGee (1)
Each of us has to figure out the extent to which we talk about bitcoin or completely stay secret and also how we might talk about bitcoin without necessarily talking about our own bitcoin. It is not easy, especially when dealing with friends and relatives and some of them want to know and some of them are better at keeping secrets than others. Sometimes if we want to help someone we might need to ask them about their finances in order to help them to be helpful to themselves, since sometimes people might not have had given a whole lot of thought to their own cashflow management systems beyond perhaps trying to make sure that they do not spend more than they earn, yet even with the widespread use of debt, sometimes we will find out that people sometimes have their own finances in a messy place based on the ways that they are using debt...
It must be not easy, I can understand this because I whenever share my ideas to anyone they will only listen if they are going to make anything for it, nowadays due to inflation and other economical factors, everyone wants to make more money making schemes that can make them $1k extra or $10k extra even if they don't have any plans for future like you mentioned, most of them don't have plans for future they see for short term benefits. By the way what should be our long term plans, I planned to buy few things and land is one of them, I want to buy it as investment, I want to buy a new car and want to be a technology reviewers so I could buy anything and share a review about it online not to make money though but to share knowledge, I can get that knowledge online but we always need a reason to stay consistent, so I thought if I will be on any social media I will have a reason when I will have follower but that's not going to happen any time soon.Talking to you is like watching the The Ramsey Show haha, don't get me wrong but you have a very good financial strategies and words to give motivation and let other think out of the box, I guess that because you write too much and I think too much, anyway I just said it because your point hit me right in the head where you said people have short term investment plans, so I thought what are the bigger and the real plans are like?
I think we should invest in Bitcoin and if someone is like us, who wants to invest money somewhere and they opens to you we should open ourselves to them but still not tell them we have invested or not.
Bitcoin really does not need marketing yet at the same time, we sometimes need to figure out various people who we can trust to talk about bitcoin ideas, and yeah, it can be risky to interact with people in the real world, so we have to figure out our own boundaries, and if we are potentially putting ourselves in danger in the present or into the future, we might have to take extra precautions.
Some people may get scared out of their BTC if they believe it is too burdensome to try to hold it.
Exactly it can get too serious to talk about Bitcoin to someone face to face but this just shows the biggest benefits of communities like this and Reddit where we can share anything without showing our face and identity. Some people may get scared out of their BTC if they believe it is too burdensome to try to hold it.
Holding Bitcoin in our wallet can't be burdensome I mean people hold millions of dollars in their banks and credit cards that are easily be hacked and vulnerable to the phishing links and they are still holding them in their phones without any doubt but they fear to hold Bitcoins!
They must have insurance on their bank funds or something like that but if their BTC are gone they are not going to be refunded or any kind of insurance on that, but if we are talking about widespread adoption of Bitcoin even if it don't need any marketing at this level, if some company starts to provide insurance or refund type services to the Bitcoin holders then maybe this burden won't be a burden for these people although it will also be overly caution, I say, have money, can buy, buy it, hold it, save the key and forget about it not the key though
Yeah I get your point, Bitcoin really is something that even with bans people still find their way around. That’s one thing that makes it unique, it can’t just be stopped.....About sharing holdings, I fully agree with you. Once that kind of info leaks out, it spreads quick and before you know it, wrong people are aware. That kidnapping story you mentioned is a good reminder why privacy matters.
I also think at this stage Bitcoin doesn’t need too much hype anymore. The situation with inflation, governments printing money and people losing trust in banks is already pushing more people to look into it. What helps most now is just guiding those who are curious so they don’t make beginner mistakes with wallets and security.
It definitely need more hype, otherwise it won't pump more because if only the government were to advertise Bitcoin, then they will do it in their own way to control them, because whoever controls the money they have all the power but with Bitcoin, the power shifted in the hands of the holders and they want it back now.I also think at this stage Bitcoin doesn’t need too much hype anymore. The situation with inflation, governments printing money and people losing trust in banks is already pushing more people to look into it. What helps most now is just guiding those who are curious so they don’t make beginner mistakes with wallets and security.
The beginner's mistakes with wallets and exchanges can easily be avoided if beginners follow someone good because many start their crypto journey from that one exchange on which they have made an account because someone else needed the referral.