Mostly, I play games. But I also like to work out and go out with friends whenever I get time to do that.
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BoardBitcoin Discussion
Re: Bitcoin as my new payment method
by
Bambozled
on 25/08/2022, 11:08:36 UTC
Great to hear your story! I too have recently joined this league and added a crypto payment option on my e-commerce website. Tbh, I was surprised to see the response from customers. Got so many crypto payments. Adding crypto payments has given customers a lot of flexibility and saved me from high transaction costs. I am paying 0.5% with capital wallet while bank transactions cost more than 1%.
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BoardTrading Discussion
Re: Bottom For Bitcoin?
by
Bambozled
on 25/08/2022, 10:32:46 UTC
The answer is the same: nobody knows it. As of now, the market is still going down. It could reach $12k, maybe. Nobody knows! If it goes, I will sell my Bitcoin and buy it again.
I'm sure that you are holding BTC from a long time and for sure you are fully pumped and motivated. Its good thing that in such bad crypto crash, you are fully motivated. Bitcoin will go massive soon
People who are in this forum for a long time know how the game works so they don't panic like average joe. We all know Bitcoin will go up again, we just need to be patient and by that time accumulate as much coins as we can. In this ten years time we've seen everything that will affect the price, from pandemic to wars, economic crisis to drought. In the end Bitcoin always go up again as it should. That's why people are so relaxed here and tell newbies to know the value of their precious coins. The worst thing is to sell at the dip. Everybody can do this mistake but after a couple of times you should've learnt your lesson. Don't repeat same mistakes. I find this thread positive to draw attention to this. Even though the same words are repeated, we always see how people make the same mistakes. It would be a pain to sell at the bottom, especially on the Bitcoin forum with too much information on your hand.
I agree! This forum has kept us optimistic about bitcoin at the low times which has let us HODL our bitcoins.
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BoardBitcoin Discussion
Re: How Bitcoin manage to grow over time?
by
Bambozled
on 12/07/2022, 06:52:44 UTC
I agree that demand is the crucial part but I would also highlight the supply of bitcoin which is limited and is one of the main reasons for the value of bitcoin which over time will increase.
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BoardBitcoin Discussion
Re: Was the coupling of Bitcoin to fiat a mistake?
by
Bambozled
on 12/07/2022, 06:48:15 UTC
Bitcoin is relevant due to fiat currency and is always referred to in the terms of fiat currency. Though I am not sure whether bitcoin will replace fiat, I hope that oneday bitcoin is used parallel to the fiat currency.
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BoardBitcoin Discussion
Re: What If Bitcoin Fall??
by
Bambozled
on 11/07/2022, 07:45:00 UTC
Agreed! There were many concepts that were getting rooted. If it wasn’t bitcoin, something else would be there.
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BoardBitcoin Discussion
Re: Visa Launches An Exclusive No Limit Bitcoin Card
by
Bambozled
on 11/07/2022, 07:31:22 UTC
This is really sceptical for me. I don’t think this is real. Better to stay away from such scams.
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BoardBitcoin Discussion
Re: Does Bitcoin have real value?
by
Bambozled
on 08/07/2022, 08:07:44 UTC
It is the limited amount of bitcoin availability that gives bitcoin its value. Many investors also relate bitcoin to digital gold. As the number of bitcoins will decrease the bitcoin will be referred to as a scarce asset and the prices will increase significantly.
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BoardBitcoin Discussion
Re: There is a Museum of Bitcoin Mining History in Caracas, Venezuela
by
Bambozled
on 07/07/2022, 05:40:36 UTC
Yea! I too heard about this museum and even there is no admission fee. The museum is dedicated to the history of bitcoin. This is really amazing.
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BoardBitcoin Discussion
Re: Bitcoin is dead!
by
Bambozled
on 07/07/2022, 05:27:05 UTC
Bitcoin is still alive and is flourishing even though the market is at decline. Market is at a downtrend which doesn’t mean that bitcoin is dead. Many people take it as an opportunity for investing in bitcoin.
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BoardBitcoin Discussion
Re: What's preventing bitcoin from worldwide adoption?
by
Bambozled
on 07/07/2022, 05:11:31 UTC
Imo, there are 3 main reasons acting as barrier for worldwide adoption of bitcoin: Regulations
Volatility
Security
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BoardBitcoin Discussion
Re: Where will Bitcoin stabalize??
by
Bambozled
on 05/07/2022, 07:39:35 UTC
It will take time for the bitcoin to correct but it has been anticipated that the price value of the bitcoin will increase upto $28,000.
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BoardBitcoin Discussion
Re: Third Largest Russian Oil Firm to Launch Crypto Mining Operations
by
Bambozled
on 05/07/2022, 07:28:50 UTC
This operation has been started with the collaboration with Switzerland-based Bitcoin ($BTC) mining firm BitRiver. This might increase the competition.
I don’t think only big hands are investing in bitcoin, but also small investors like us are also investing in Bitcoin. This is good for both.
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BoardBitcoin Discussion
Re: Are we gradually approaching towards the end of Bitcoin?
by
Bambozled
on 04/07/2022, 04:46:22 UTC
We can’t predict the future. But I can be sure that Bitcoin won’t end this fast and definitely not this way. The value might have gone much lower but it will surely regain its value.
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BoardBitcoin Discussion
Re: Tom Lee's Fundstrat Warns of Big Bitcoin Sell-Off !!!
by
Bambozled
on 04/07/2022, 04:32:35 UTC
Imo, these kinds of predictions sometimes are made so as to create an environment that suggests that everyone is selling and let me sell too. This might not bring the value of bitcoin further down. There is an another statement by Duetshe bank that the value of bitcoin will rise uptp $ 25K by the end of this financial year. This creates a confusion whether to sell or buy. I’d suggest better to HODL.
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BoardBitcoin Discussion
Re: Today is the story of my investment in Bitcoin
by
Bambozled
on 04/07/2022, 04:19:06 UTC
I don’t think that taking out a loan for investment is a wise idea. Even though bitcoin is a potential cryptocurrency you shouldn’t have taken such a big risk. Insead you should have bought bitcoins in fraction from your own money.
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BoardBitcoin Discussion
Re: Crypto in time of rescue.
by
Bambozled
on 30/06/2022, 05:12:25 UTC
Many investors have understood the potential carried by cryptos and are investing now at the time of dip so as to make profits as the price rises.
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BoardBitcoin Discussion
Re: 8 months low, no better time than now.
by
Bambozled
on 30/06/2022, 04:56:30 UTC
This won’t go long. Many investors are already taking the advantages of the dip and making investments. The market is expected to see a rise by the end of this year.