Search content
Sort by
Showing 19 of 19 results by breadwinners
Yes, I have a feeling that the people on this forum obviously still have confidence in Bitcoin. But... outside this forum everything is different. They are influenced by the media and losing their confidence. Some of them do not know what to do and start panic selling.
Why are many disturbed about the drop in the price of bitcoin 
Why they are disturbed about the drop in the price of bitcoin is pretty obvious: after last year's moon, we had a massive influx of newbies who read newspapers, watch TV, hang out on the social media and really want to become rich by buying some coins and doing nothing but waiting a couple of weeks and then selling their coins, getting burlap sacks of fresh and clean $100 packs and walking away. But after the price dropped some of them panicked and sold at a loss, but others decided to hodl because they read the dip is sort-term and soon the price would rocket. Alas and alack, nothing happened, i.e. the price continued to go down and many of them panicked again. I know some of those guys personally so I know what I'm talking about. The only hope for them to stop panicking is to see the price go up. The problem is they hadn't been told about the possible dip and that the dip could last for a couple of years, not weeks...
Yes, I believe that's the problem with the newbies. They lack patience because they lack knowledge, so I believe they should get educated about blockchain and bitcoin before panicking. Then they may change their minds and start hodling instead of panicking
Re: Crypto world vs Fulltime job? to establish better life.
Look at the market today. Do you think day trading or hodling is very profitable these days? Day job, on the other hand, may provide you with enough money to live on. Then again, a lot of day jobs don't give you a chance to establish better life. I believe it should be a combination of both.
Re: Is government responsible for solving unemployment ?
Sometimes we push all the responsibility to the government without doing anything to solve our problems. In my own opinion it is the joint effort of the both parties that is the government and the citizens in solving unemployment, although the government has a large role to play.
Of course, the government is not the only party responsible for unemployment, but it is the government that creates either favorable or adverse conditions for employment in the country.
It's hard to say yes or no, because there are lots of contradictory opinions on the subject, I prefer to leave the matter for the professionals. In the meantime, you might like to read the articles below:
https://www.nytimes.com/2014/09/20/opinion/to-save-the-planet-dont-plant-trees.html
http://wwf.panda.org/get_involved/plant_seed.cfm/
https://www.nytimes.com/2014/09/20/opinion/to-save-the-planet-dont-plant-trees.html
http://wwf.panda.org/get_involved/plant_seed.cfm/
What a surprising opinion from NY Times! I couldn't even imagine that possibility. Thanks for sharing!
Re: Is it my impression or media is biased towards bad news ?
Do you think the media is trying to destroy Bitcoin and cryptocurrency ? I think they show 95% of the times only bad news. Why is this happening ?
Nope. It's a fact. You can read a good article with a title "WHY BAD NEWS IS GOOD NEWS" that explains it all. (https://psmag.com/social-justice/bad-news-is-good-news) Here's the relevant quote from the article: "According to recent research published in the journal Information Economics and Policy, the public demands bad news because it is more beneficial than good news"
The same thing applies to crypto, i.e. crypto+bad news sells better than crypto+good news. I believe that's the reason behind it.
Keeping all your crypto in a trading platform without trading is crazy. Only a cold wallet or two, or more depending on the amount of crypto you hodl. Because they say the wallets packed with crypto are easily traceable and, certainly, hackable just because they are obviously worth it.
Re: Even the Politicians have secret investment in Bitcoin
Politicians are all about double standards: they order prostitutes, but in their speeches they always say that prostitution is bad; they're addressing the nation asking to use less resources, conserve more and spend less and at the same time they vote for the increase in their salaries, etc., etc... When it comes to Bitcoin, I'm sure the guys with more Bitcoins are those politicians who vote to ban Bitcoin and punish those who possess it. They're hypocrites.
Panic selling is good for the hodlers, but bad for the sellers themselves because panic most often implies making mistakes. But I don't think we can judge them. Give them a new chance and they may be more successful next time.
Re: At what price will you panic and start selling coins?
A lot of people are reaching a point where they are considering selling their coins. I would like to know, what your "panic" sell
point is?
I bought most of my coins at below $1000, so I am not worried at all about the drop in the price. I will never walk away from
Bitcoin losing any money, because I sold some bitcoins when the price reached $19,000 last year and made back all the
money that I invested. Some people bought at $19,000 last year, and I think many of them sold already. Do you have a point,
where you will push the "panic" button?
I doubt that it will go down much further, but if it does... where would you start selling your coins?
point is?
I bought most of my coins at below $1000, so I am not worried at all about the drop in the price. I will never walk away from
Bitcoin losing any money, because I sold some bitcoins when the price reached $19,000 last year and made back all the
money that I invested. Some people bought at $19,000 last year, and I think many of them sold already. Do you have a point,
where you will push the "panic" button?
I doubt that it will go down much further, but if it does... where would you start selling your coins?
Below $1k, I guess. I don't think I could wait and see it die. Never. At least, I'll try to save something before BTC passes away... I do hope that would never happen, but who knows...
Theres a big misconception that bitcoin is entirely anonymous. Bitcoin is pseudoanonymous, in the sense that your name is not linked to your bitcoin address, but you still have a bitcoin address thats static and so it could technically be linked to you.
Is this a True ?
Is this a True ?
Absolutely. Just go to https://www.blockchain.com/explorer, enter the transaction number to view information about any bitcoin transaction (you can look up yours), scroll down to Visualize -> View Tree Chart and you will see visually all connections between each transaction by clicking every orange dot.
For example, open this link https://www.blockchain.com/btc/tree/372696599 and click the orange dot at the bottom and you will see what I mean. This is what anonymity really is in the blockchain. I hope you've enjoyed
I don't think Bitcoin should or might replace Fiat just because they have a different nature: one is virtual, another one is physical. I'm not sure we can use them exactly the same way.
However, with time, I believe, when BTC becomes more stable and protected and people will trust in it, they will use it a lot more often then they do now or even more often then they use fiat.
However, with time, I believe, when BTC becomes more stable and protected and people will trust in it, they will use it a lot more often then they do now or even more often then they use fiat.
many of us still keep our coins on our own devices
I believe they do it for a reason. Maybe they're trading rather than hodling, then they might find it more comfortable to keep their coins on their devices. Otherwise, it's too risky, I guess.
I for one, keep'em in a cold wallet. That's the only way to have a good night's sleep
When it comes to crypto as opposed to fiat, I feel crypto has certain downsides, of course:
a) volatility;
b) vulnerability to to hackers' attacks;
c) dependence on electricity;
d) lack of anonymity.
a) volatility;
b) vulnerability to to hackers' attacks;
c) dependence on electricity;
d) lack of anonymity.
Re: Just got a little extra money and want to invest in crypto, should I?
I think BTC is the only and an unrivaled crypto around here. ETH may also be a good investment, but I can't see why ETH might go over the moon the way BTC did. As long-term investments, they're both okay, but with BTC you are likely to earn way more someday, I guess.
I feel both the supporters and those opposing gun control are right in some ways and I understand it's not easy to find mutually satisfying solution. However, I believe we need strict control over gun possession by mentally challenged and other similar types of citizens. Otherwise, people must have choice.
A National Geographic article accurately describes the state of our planet through outlining the major issues present every Earth Day since 1970. Environmental issues began with pesticides causing death in bald eagles and soot darkening our atmosphere. This year, its not just the awareness of plastic use imperiling the earth that is brought up. Todays worsening environmental issues are apparently, a culmination of all the groundwork humanity has laid over the past two hundred years.
Habitat loss and climate change are the most pressing issues we are facing today, and one cant help but fear the seemingly inevitable destruction of our planet.
I believe we have every right to question humanitys emotional connection to the natural world.
Habitat loss and climate change are the most pressing issues we are facing today, and one cant help but fear the seemingly inevitable destruction of our planet.
I believe we have every right to question humanitys emotional connection to the natural world.
I don't think Earth is any danger. It will be ok with or without life on it.
Humanity faces an existential threat due to the exponential population growth.
Thumbs up! The Earth is fine, the people aren't.
Oh, it just occurred to me that the Solar Wind is one of the major threats lurking in outer space, but again, it poses a threat to humans rather than the Earth...