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Re: Casinopunkz.io | BTC Price Prediction | Prize- $100 |5 Places | 11/09/2025
by
Patikno
on 08/09/2025, 17:12:28 UTC
Casinopunkz.io ID: NEV4hQwXBs
Your Prediction: $114,411
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Board Games and rounds
Re: Betpanda.io | BTC Price Prediction | Prize- $100 | 5 places paid| 13/09/2025
by
Patikno
on 08/09/2025, 17:08:33 UTC
Betpanda.io ID: 9XMN39
Your Prediction: $115,511
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Board Mining
Re: What's your biggest headache while mining?
by
Patikno
on 08/09/2025, 17:01:36 UTC
What's the most common issue you encounter when using Antminer? Huh
My biggest headache is what if I buy an Antminer and it has a defect? That's why I've always been picking GPU over ASIC miners because I know that when I buy from Nvidia or AMD, it's gonna be a high-quality product, while I don't have the same sense for Bitmain. The problem is that if the miner that I bought from China has a defect and I have to return it back, I'll have to pay hundreds of dollars for shipping from my country to China, which isn't worth it for me. Buying from a local market is a bad idea because they sell antminers at double the price.
You mentioned the most basic rule for a miner. You don't need to buy something that you can't repair in your country.
First, you need to find a good service and find out the repair prices to calculate the risks. I know that official service centers have their own rules: if 4-5 chips burn out on the board, they change them; if more, the equipment can be sent to China, and that takes a very long time.
Does Bitmain have a repair centres in countries outside of China? Or are there craftsman that work on repairing damaged ASIC miners? Btw the fact that I can't repair miner in my country wouldn't be a huge issue for me if postal services were cheap here. I can cheaply receive miner in my country but sending them back is a nightmare. It literally costs you a kidney to send something in the USA too. I paid $100 to send a paper in the USA but pay $10 to receive 1 kilogram from the USA. Yeah, postal services are messed up here.
I wish GPU mining was as profitable as it was in 2016.
Based on information I gathered from a short video from a YouTuber, I saw and heard that he successfully recovered his Bitmain Antminer S21, which he had previously found it broken, then he used a repair service in the US (specifically in Delaware). He only had to pay 20 bucks, or $20, as he is located on the east coast in Virginia, making the repair process relatively quick and inexpensive. Essentially, he mentioned that his repair center is in Delaware, so I think this might be helpful. By the way, the video was made last year, so you might want to check back for its existence, and I don't really understand it out there because I live in a country that is very far from it.

Here is the source: Youtube - Voskcoin "I just got my broken bitcoin miner back"
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Board Bahasa Indonesia (Indonesian)
Re: Berani mengambil resiko apakah salah satu tindakan menuju sukses
by
Patikno
on 08/09/2025, 16:29:43 UTC
Apapun yang kita lakukan untuk bisa mendapatkan hasil yang besar pastinya memiliki resiko yang besar juga dan itu sepadan dengan hasil yang kita peroleh namun sebelum melakukannya kita perlu mempelajari terlebih dahulu dengan resiko yang akan kita tanggung misalnya jika anda mendirikan bisnis dan anda mengalami kerugian di awal apakah anda bisa menutupinya dengan uang lain agar bisnis anda bisa berlanjut hal ini sama seperti kita berinvestasi pada BTC kita harus menggunakan uang dingin untuk menikmati hasilnya jangka panjang kalau anda mengalami kerugian anda tetap bisa hidup dengan uang sehari hari anda yang terpenting anda berinvestasi pada spot dan bukan future yang kemungkinan besar bisa kehilangan aset, resiko adalah bagian dari proses menuju sukses yang penting kita harus tau cara mengelola resiko dengan baik.
Ya jika kita ingin maju atau ingin berubah baik itu dari segi finansial tentunya semua penuh tantangan atau resiko yang kita hadapi. Memang bisnis dan investasi secara umum mempunyai resiko hampir menyerupai tetapi pada kenyataan nya agak sedikit berbeda dalam pengelolaannya. Risiko bisnis seringkali bersifat langsung dan aktif, karena anda harus membuat keputusan sehari-hari yang memengaruhi kelangsungan usaha anda. Risiko bisnis biasanya lebih kompleks dan melibatkan banyak aspek operasional seperti pemasaran, produksi, atau gaji karyawan anda.

Berbeda hal dengan investasi, dalam berinvestasi memang di sarankan menggunakan uang dingin atau uang yang tidak di pergunakan untuk kebutuhan sehari-hari anda. Risiko investasi biasanya bersifat pasif dan lebih berkaitan dengan fluktuasi pasar, nilai aset ataupun lainnya. Dan anda cukup menempatkan dana dan menunggu hasilnya, meskipun ada juga investasi yang memerlukan pengelolaan aktif. Kerugian investasi bisa berupa penurunan nilai aset atau bukan kehilangan keseluruhan modal anda.
Saya, sebagai bagian dari pemilik bisnis menganggap apa yang sampean katakan adalah valid, dalam menjalankan bisnis memanglah penuh dengan tantangan dan resiko yang dihadapi, apalagi dalam mengambil keputusan atau kebijakan demi kelangsungan bisnis, hal ini membutuhkan banyak pertimbangan dari berbagai sektor, khususnya pada sektor manajemen keuangan, yang membutuhkan banyak perhitungan terhadap berbagai pengeluaran dan pendapatan, demi menyeimbangkan margin atau laba. Sedangkan pada investasi, ada beberapa kesamaan dan sedikit perbedaan, namun jika berbicara tentang tujuan, maka saya rasa hal itu sama-sama bertujuan untuk mendapatkan keuntungan, dengan tantangan dan resiko yang sama. Simplenya, high risk high gain menjadi poin utama dalam setiap usaha.
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Board Gambling discussion
Re: Do you believe in momentum when betting on games?
by
Patikno
on 08/09/2025, 15:18:01 UTC
That's an interesting strategy. I think that you'll make some money doing that especially if the odds is better on that team you're trying to bet for a come back. You just have to prepare your pocket on it because the risk is too much on that. I've tried that several times and it's not really a balance results, more with the losses than of the wins. But one thing I like doing this is the thrill and excitement upon placing bet when you do it maybe in the midst of the game.
At first it appears to give the player an upper hand but the game most times go contrary to the predictions. Underdog teams fall back in games like NBA good enough, but in football it's not always easy to bounce back to a 3:0 down. The odds will be great yet it's not challenging to pick the losing side, hoping on a turnaround. Whenever a team losses momentum it's probably hard to rebuild it in the same game only a strong coach or manager with the right state of mind would be able to change his player's perspectives into making the change immediately especially when the team is hungry for a win.
Such strategies are indeed difficult to predict, and capitalizing on such momentum is rare compared to the overall match, or perhaps we could call it a low win rate. Perhaps if our guess is correct, it can provide a significant profit for betting, but it is important to realize that this doesn't always happen, and it takes several attempts I think. Even capitalizing on such momentum in football isn't easy, especially if a team already significantly behind, even some things happen not instantly in the first leg, and it takes the next match session (second leg) to make a comeback.

For reference, perhaps we could check out the following news regarding that for consideration: idntimes.com - 6 Best Comeback Moments in Football Matches
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Board Beginners & Help
Re: BTC Investor Losses 7,4 BTC with Fake Sparrow Wallet Mobile App
by
Patikno
on 08/09/2025, 14:42:39 UTC
This unfortunate incident could easily have been prevented. What could Bitcoin Jimmy have done better, and what can you do to protect yourself?
Even experienced user can fall into scammer trap, let alone beginners. This is why it is important to keep this information public, so people are always aware and vigilant against various types of fraud. We may have heard the warning to verify from trusted sources too often, but it is crucial to heed and remember this, as we could end up in a situation like Jimmy, who lost his Bitcoin assets, and I hope we don't experience the same thing.

Furthermore, I often recommend differentiating between storage wallets and daily wallets. Storage wallets should never be connected to the internet at all (let alone trying to import them into various wallets), and the daily wallets should not hold large amounts of crypto assets or assets that can't afford to be lost, so that if something untoward happens, we won't face significant risk. Personally, I really appreciate people who always remind us in a positive way, especially when discussing matters like this. By the way, my other suggestion is that if we find something suspicious, then it is best to verify it immediately, and if it is not reliable, then immediately report it to the relevant parties, so that people can know about this.
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Board Gambling discussion
Re: Team's Failure, who is Responsible?
by
Patikno
on 08/09/2025, 13:07:18 UTC
Team's Failure, who is Responsible?

This is the question we should always ask ourselves in gambling whenever we are are playing bets, then discovered that the team we supported in sport bets for instance does not perform as we expected in their match.

Who do we often often blame to be responsible for the failure to deliver, is it the coach or the players, because the two plays the most important roles towards the performance of a team in winning or loosing a match play, so let's discuss about who's responsible and should receive the blame.
Team failure is a shared responsibility, between players and coaches, and even the captain of the team, indirectly, the management of a team also bears responsibility, so some of them are often blamed. If a team fails to deliver their appearance as expected, it usually disappoints many people, especially the team supporters and those who bet on the team. However, if these mistakes occur continuously, people usually blame the coach of the team, who usually comments a lot or demands responsibility for the poor appearances. Personally, I usually blame the coach or team captain who should be giving good direction to the team. Well, those are my opinions, and I often find them from various sources or various matches.
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Board Bitcoin Discussion
Re: Trump's sons' American Bitcoin stake worth $1.5 billion in stock debut | Reuters
by
Patikno
on 08/09/2025, 12:19:32 UTC
^ but what if he becomes hooked on favoring his token more than he does for Bitcoin? Just a thought.

Trump and his family have never said they are bitcoin maximalists or just bitcoin supporters. Trump says he loves cryptocurrencies and wants to make the US the crypto capital, not the bitcoin capital.

He was a businessman and billionaire before becoming president. That means what he cares about when he advocates crypto and calls on his family to invest is profit, not supporting the decentralized revolution.

He and his family are working hard to promote TRUMP, WLFI and they are bringing them billions of dollars in profits. Don't be naive to think they are pro-bitcoin.
In reality, they are a family of business people, especially for Trump. Businesspeople usually think that "Business is a business", to seize every opportunity to maximize their potential profits, and they don't focus on just one path, but instead seek out opportunities from other perspectives. Therefore, I feel that the Trump family doesn't actually view Bitcoin as a financial revolution or decentralization, they view it as a business opportunity. It is even possible that they might abandon crypto when they see other, more profitable opportunities. So, I also think that they are not a pro-crypto or pro-bitcoin at all.
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Board Gambling discussion
Re: Returning back to gambling after quitting
by
Patikno
on 08/09/2025, 11:46:37 UTC
And within myself, I am still wondering, what could possibly lead a person back to gambling after successfully quitting initially? Know well the reason for initially quitting was addiction, does it make sense to go back to gambling and become even more addicted?
I often encounter such people in my community, with various reasons, such as quitting because of addiction, quitting because of significant losses, and so on. What they actually need is discipline in gambling, including discipline in time management, financial management, or a bankroll for gambling, and managing everything to avoid potential risks, so they can be truly safe and comfortable when gambling or betting. Furthermore, I don't think quitting suddenly is the best way to overcome addiction, instead, I believe a temporary break is the best way, as it can reduce the intensity of gambling while also maintaining discipline. So, I don't think addiction can be completely eradicated, it takes time, using the methods I mentioned.

By the way, I have also often found that people who stop gambling because of a major loss are on the road to addiction, because they eventually return to excessive gambling out of "revenge". So I advise anyone not to do that, it is better to pace the gambling sessions, than to aim for revenge.

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Board Beginners & Help
Re: Private Keys vs Seed Phrases- What They Are and Why They Matter
by
Patikno
on 07/09/2025, 19:09:13 UTC
Private keys and Seed phrases are like your whole life in crypto, if you mess with it, you're gone. Protect it just the way you protect your self. In life you won't go to places that are harmful to you, or a place where  you are not comfortable. That's how the private keys and Seed phrases are in this digital asset. Do not keep in any how, you must store it in a place where only you can acces. Never be careless with it, because if a third party see it, they can access your account and withdraw your portfolio from your wallet. Value it the way you value your life, as a beginner the first thing you should be conscious of is how to protect and keep your secrets passwords before you can buy any digital assets.

In the past have lost assets because of my carelessness, till date I lost the wallet,I can't find where I wrote my wallet passwords and I didn't share it with my trusted brother.  Have learnt my lesson, I share my secret seeds with my brother even when it's against the rules. I still find trust in him, if you have a trusted ally you can as well share it with him in case of tomorrow.
I also think so, I consider Private keys or Seed phrases to be my lifeblood, it might seem strange to some people, but for me, it is real. Imagine if we lost or had our crypto assets, or especially the Bitcoin we own and have saved up was stolen, so we would likely lose our passion for life, or even decide to take our own lives (sorry for that). Furthermore, we can see some news stories regarding this, which could potentially threaten someone life, such as robberies, kidnappings, torture, and even murders (we can find them through search engines or browsers). Therefore, cherish these keys for the safety of our life by protecting them as best as possible.

Here is one of the news: NBCNews.com - Crypto kidnapping & CNBC.com - Crypto Theft
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Board Bitcoin Discussion
Re: How is Bitcoin changing the economy?
by
Patikno
on 07/09/2025, 18:32:33 UTC
Bitcoin have made so many young people rich in my country, most of them are self employed and doing very well. There was argument that between our government and cryptocurrency, which have created more jobs than the other, after a long debate, it was concluded that Bitcoin have contributed in bettering the lives of young people than our government. Some students are earning money through cryptocurrency but students are not eligible for employment by our government. This is to say that Bitcoin have impacted so much on the economy of my country.
Something similar has happened in my country, where Bitcoin has changed the economies of several individuals, both directly and indirectly. So I also believe that Bitcoin has great potential to contribute, especially to economic change. This also reminds me of the news about a taxi entrepreneur from El Salvador, who achieved economic success by Bitcoin and even succeed to expand his business, proving that he has successfully created opportunities for economic change for other people through Bitcoin, and fortunately for him, the government also supported him at the time, because of adopting Bitcoin as legal tender.

I hope this happens in my country, and yours too, so If it does happen, I am sure it will bring about major (positive) economic change.

For those of you who have forgotten or have never seen the news that I conveyed, here is one of the sources: Watcher.guru - Bitcoin Turns Taxi Driver Into Entrepreneur
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Board Gambling discussion
Re: Do odds really reflect reality?
by
Patikno
on 07/09/2025, 17:33:30 UTC
I’ve been thinking about this for a while whenever I check the lines in different sportsbooks. We all see odds move up and down before a game, but the real question is, are those numbers actually showing the true probability of the outcome, or are they just being adjusted so the bookmaker balances the action on both sides?

For example, if a team is priced at 1.90, does that really mean they have a 52.6% chance of winning? Or is it more about the book trying to spread money evenly so they lock in a profit no matter the result?

for odds converter, I'm using this i found in the internet https://www.aceodds.com/bet-calculator/odds-converter.html


Based on the information I found, the calculation of chance in decimal betting odds is ( (10 : odds ) : 10 = the result of the chance ). So if we use 1.9 as your example, then it will be ( (10 : 1.9) : 10 = 0.5263~~ = 52% ). So, I think your calculation is correct. However, if we talk about how casinos determine odds, then I haven't found the answer yet, but as far as I know, each casino is different in determining odds, although the difference is not that big, because I ever do comparing one casino with another, cmiiw. On the other hand, I also sometimes wonder how casinos determine odds, as a game progresses, we know that they fluctuate when a change in the game occurs, for example, if a favored team is under attack, we know that the odds against that team will likely decrease (I hope you understand, a little confused how define it). So, I think anyone knows about this and could share it here, would you?

By the way, here is the calculation source that I found : Goal.com - Betting Odds Explained
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Board Beginners & Help
Re: 🏆 If You're New to Crypto Here's Some Stuff I Wish Someone Told Me Early On
by
Patikno
on 07/09/2025, 16:40:02 UTC
- Be careful from Drainers
there are website that ask you to connect your wallet to get an Airdrop (free coins of an project) 99% them are scam
once u connect your wallet your Coins will be gone ( even if you have 0$  but you add balance to that wallet after few months they will be gone )
Read more about Drainers here https://usa.kaspersky.com/blog/what-is-a-crypto-wallet-drainer/29713/

Use 2 wallets  1 Main for Long term which you only store your Bitcoin as an invesment and dont touch till you are a millionaire
and the 2nd wallet for any payments or thing u need daily

That’s all I got just wanted to throw this out there in case it helps someone dodge a few mistakes I made early on
Anyone else got tips for the newer folks? Drop ‘em below
Everything you said is important, especially for beginners, but the part I quoted is the most important I think, because anyone can be a victim of fraud. So let me explain more about it, people should be aware of scammer traps, most people who experience fraud are usually due to negligence or ignorance, therefore it is best to avoid anything that seems "Too shiny" or "Too Good to be True", and avoid anything that gives you extraordinary expectations, such as "Free Crypto" for example, so remember that nothing is free, and there is an important saying that "if something is free, you are the product" ( I found that it was from the words from Richard Serra, in 1973).

Regarding the using of multiple wallet is also important. Just imagine if one day we are careless and fall into a scammer trap, then we will most likely experience a big loss if the wallet we use is a wallet for storing and also for daily use of the cryptocurrency or Bitcoin that we own. Therefore, we should differentiate between wallets for daily use and wallets for storage purposes, for avoiding major losses due to the possibility of something undesirable happening. Personally, I keep my wallet for safekeeping or storage in a careful manner, I try to keep the wallet off the internet as long as possible and store it encrypted on a drive, as for the paper wallet, I also store it very carefully.
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Board Gambling discussion
Re: If you were a sports journalist...
by
Patikno
on 07/09/2025, 15:38:43 UTC
I don't know if I will still have spare time to gamble if I am busy being a sports journalist. These guys don't just give information out without checking it, and I bet they do a lot of hard work to provide news that will satisfy their listeners or readers.

One of the known sports journalists and analysts in American sports is Adrian Wojnarowski, and I believe he is busier conducting analysis about the sports that he covers, and I doubt he gambles his money on the team that looks like a winner for him. Having that fun job, I don't think I will gamble at all.
I agree with you, I think sports journalism is a job that requires more time to analyze the news that will be provided, plus if there are changes in certain information that must be updated, because we know that in the world of sports there are so many unexpected things that happen, so if I were a sports journalist, then I don't think I would have time to bet or gamble based on the information that has been obtained, because there is no time.

Besides that, the information obtained by a journalist is not necessarily accurate if used for gambling analysis, because the course of a match is also something that cannot be predicted, it could change and not meet expectations, and one example of a case for example is about a playmaker on a team who turned out to be injured, so I think that is an unexpected thing and makes our predictions wrong, and of course there will be other cases that might occur. Well, so I think time and professionalism will be a barrier.
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Board Beginners & Help
Re: Has Bitcoin community lost its heart?
by
Patikno
on 07/09/2025, 15:01:36 UTC
What do you know about this forum? Do you think everyone in this forum has no compassion? If so, then I think you are wrong, even some time ago there was a thread that reported about open donations to a figure in need, and I am sure that people in this forum do good for other humans, either openly or secretly, and if you talk about freedom, then everyone has the right to decide what he does, and including to consider helping someone or not, right? I hope you understand what I mean.

Regarding fairness, the purpose of Bitcoin was created for fairness regarding existing fiat, where Bitcoin was created for everyone, without any third party in the transaction, transactions that are transparent, not printed carelessly or which means limited, and most importantly is fairness in everyone privacy, where people are free to reveal or not, Cmiiw.
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Board Bitcoin Discussion
Re: Do you consider bitcoin as a currency or as a digital investment asset
by
Patikno
on 07/09/2025, 12:50:28 UTC
Lately I have been thinking……..what do people nowadays consider bitcoin to be: as a digital asset for storing value and investment or as a currency which was the initial purpose of its creation.

I did a bit research and found out that the perception of bitcoin vary among different individuals.some consider bitcoin as an investment asset, other consider it as a currency and some people consider it as a revolutionary financial tool.
The majority of people consider bitcoin as an investment asset and they Hodl their coins for a long run. The other who consider it a currency keep it for their transactions and some business also accept Bitcoin as a means of payment.



Open thread: What is your type of perception about bitcoin; do you consider it as a currency or as an investment asset or both?
Bitcoin was originally created as an alternative currency, allowing anyone to use it for any purpose. However, over time, the using of Bitcoin has grown, not only as an alternative transaction tool, but also as an investment tool that can maintain the value of money in the long term, or even increase its value in the long term. Personally, I consider Bitcoin currently widely used as a very profitable investment tool if held, and this is not just for individuals, like companies, institutions, and countries also use Bitcoin as a store of value or strategic reserve. Well, besides that, I think people will actually choose Bitcoin as their entire investment one day, and I believe the main reason is "Bitcoin as legal tender" , when that happens (especially in my country), I am sure many people will transfer their fiat funds to Bitcoin, rather than holding them as fiat.
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Board Gambling discussion
Re: Tell me how this is not laziness
by
Patikno
on 06/09/2025, 20:22:16 UTC
Personally, I don't see laziness as a significant contributor to gambling. In fact, most of the gamblers I see around me are hard-working gamblers, but unfortunately most of them are addicted to gambling. One of the main factors, I believe, is the availability of income from their hard work, making it easy for them to gamble with their salary or income. Well, perhaps a small number of cases involve lazy people hoping to win when gambling, but so far I haven't seen anyone like that. Furthermore, most people gamble because they are tired from their work, so they try to find entertainment in gambling. However, whatever we do, whether we consider ourselves lazy or hardworking, it is best not to focus too much on gambling. Manage our time between gambling and productive time. This can lead to responsible gambling, and I feel it makes it less likely to fall into addiction.
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Board Gambling discussion
Re: Think more about your financial status than your potential win
by
Patikno
on 06/09/2025, 18:59:23 UTC
I was scrolling through instagram and I came across this story
https://www.instagram.com/reel/DNqQIlNg99m/?igsh=cGJ5NGlveGY2ZzV3

This is a story of a poor man who played a sport betting game with little money but the potential win was big according to the story he was gifted an opportunity to cash in on a good amount that to his financial status is more than good for him but he decided not to and ended up with nothing.

First thing I do after placing a bet is see my potential win as not mine, those figures written as your potential win are dream money it’s never yours I don’t care if your last game is Real Madrid against a team in the fourth division of Iran’s league.
The imagination of already seeing your potential win as true can make one forget their financial status as it did to the man in the story.
Your financial status is more essential than your potential win in deciding if you should cash out or not.
When talking about financial status, it means referring to the economic position of individuals or groups, indicating the level of income, wealth owned, and ability to access financial resources. However, what we are talking about here is individuals, who should be aware of their financial situation or condition. So, I think every bettor or gambler should be aware of this when gambling, especially when someone's financial condition is not good, and there is a moment for him to cash out, then it is best to do it immediately to avoid regret when bad luck occurs.

But unfortunately, from the external sources you mentioned, I saw some comments that seemed to not understand how important this is, I even saw some saying that real gamblers don't cash out, even though in fact winning in a gambling session is about when someone successfully cashes out, even though in the future they will still have gambling sessions, but this is done for the sake of sanity when gambling, especially to save his finances.
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Board Bitcoin Discussion
Re: Would you adopt Bitcoins flexibility?
by
Patikno
on 06/09/2025, 17:48:26 UTC
Would you be willing to use bitcoin on a daily basis to pay bills if there were businesses in your area that accepted bitcoin? I would be skeptical of any bitcoin investor who says they are willing to do that every day when their goal is to get rich from bitcoin.
You can do this, if you have need to do this like how you can use gold for buying things, real estates for example. It's only whether you want to sell your bitcoin when you consider it as a long term investment asset. You will more likely want to hold it as long as possible and only sell it if you need money for something important.

On daily basis, it is less likely to use bitcoins, but you always can use it, because nobody want to use their long term investment asset on daily basis. They know that if they sell their bitcoins, they will have to wait and hope that their repurchasing price would be lower than that, while it can come or never come.
Well, I think when Bitcoin becomes possible for daily use, and I think people will differentiate between spending wallets and saving wallets for Bitcoin. I think the current barrier is the difficulty of making daily purchases because Bitcoin hasn't yet become legal tender, especially in my country. I assume that when that happens, people will choose Bitcoin as a storage device like a bank account, but the difference is that Bitcoin has what is called a "Store of Value", which means Bitcoin can maintain the value of the money we hold, and can even increase in value, unlike fiat which experiences depreciation year after year like in my country. So, I agree with you that we can do that thing, or do anything by using Bitcoin.
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Topic
Board Beginners & Help
Re: Reasons to use only Discretionary Income for Bitcoin investment.
by
Patikno
on 06/09/2025, 16:26:29 UTC
This is how important for having a emergency fund aside from considering to have discretionary income to use for investment. Since they can make sure that they have some funds to use for their special needs and they don't need to touch their investment and sell it more earlier on the timeline they set.

If they always think about investment and use all everything they have for this purposes then provably that they might suffer on rainy days season in their life. Since this situation could make them fail and its so bad if when they sell because they don't have a choice the current market situation experiences a bearish run, with that they have good chance that they might lose some amount and that completely waste of time and effort for them.
Some newbies become fascinated by Bitcoin and want to invest all I had. They might have the perception that they would make profit within a short period. Bitcoin is an investment that becomes profitable if it is kept for a long time, hence, investors should have plans for the unpredictable future.   
I often encounter beginners who think that cryptocurrencies, especially Bitcoin can generate significant profits quickly, but this isn't the case. They should understand that investing takes time, managing a portfolio to grow it, making gradual investment repayments, or using a Dollar Cost Averaging (DCA) strategy, so they can see the long-term benefits of their investment. By the way, portfolio management is the important one, especially for beginners, it is best to manage it with money that you can truly guarantee you can hold for the long term, so it is best to avoid using it altogether, and using discretionary income is also the same. Alternatively, you could allocate your fiat savings to Bitcoin, but I don't recommend investing in altcoins, as there are so many considerations and risks on it.