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Showing 20 of 81 results by juhobtc
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Board Bitcoin Discussion
Re: keep Your Money in Bitcoin Not in Fiat. You Loss More In Fiat with Levies.
by
juhobtc
on 15/07/2025, 11:51:20 UTC
With the New Tariffs Hikes around the Globe add it with the Government Economy Policies, Central Banks instructed Commercial Banks to increase their charges and that has caused deducting of different levies from customers' accounts. In that you loss money in the banking system more than spending them. That is you loss money when keeping it in the bank from different levies. Cybersecurity levy, Stamp Duties levy, ATM Surcharge Levy, Maintenance Fee Levy, Intra Scheme Transfer Levy, if you send money out from you account, you pay levy, and if you received money from another account, you will be deducted as well. So you pay levy both in sending and receiving. The commercial banking system in this contemporary world is unbearable but we thank God Bitcoin was invented.
In Bitcoin if you keep your money even 20 years, there is no Levies to pay therefore Bitcoin is the best place to keep your funds for your future used. If someone is sending you $200 in locale in the Banking system, the $200 will not complete but the commercial bank would deduct it part and if you keep that money in the bank, sorry is the Word because the levies will be upon the money.

Keep your money in Bitcoin.
The most significant advantage of holding Bitcoin is that the price of Bitcoin will grow while inflation will devalue fiat money. I am very grateful that I once learned about Bitcoin and decided to invest my savings in it, it has been giving me profit all this time.
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
juhobtc
on 21/12/2024, 13:08:39 UTC
Of course, given where we are at, the number of whole coiners is going to be much lower than the 0.26%, even in the best of equal distribution scenarios that we could imagine going forward.
Natural and/or spread out (or equal) distribution would rarely play out in a free market, and I can hardly imagine any scenarios in which more fair distribution could be attempted to be pushed upon the world and its bitcoin acquisition.. so one of the main solutions end up with individual action, and individual responsibility to try to figure out how to consider how to get as many BTC as they are able to get within their own limited circumstances.  

Surely, if we consider so many rich folks, institutions and governments that are going to try to "stockpile" their own little stash, which likely makes it difficult for normies to hold even more than a million satoshis... which likely means that it would be good to buy those million satoshis sooner rather than later, since currently a million-ish satoshis ONLY cost a bit more than $1k.

Edit... and even a nice little buying opportunity as I edit this post.. perhaps we might be able to get some bitcoin for less than 6 digits?  Perhaps? perhaps?.. that means more than 1 million satoshis for $1k.

I understand that not everyone will want to own bitcoin, there are many rich people who made their fortune in real estate or other businesses and they were able to do it without bitcoin. And if they did not buy it before when it cost several hundred, then now that the cost of bitcoin has reached 100k, buying this asset will not be of interest to them.

And given the limited emission, I assume that bitcoin will be concentrated in the hands of large companies like Microstrategists or the like, maybe there will be states that will also want to do this, but I don’t understand everything, yesterday there was a video of Bukele making concessions regarding payment in bitcoin in order to receive another tranche from the IMF.

But I would like bitcoin to be distributed among millions of inhabitants of our planet, then it would be much more resistant to various kinds of manipulation.

Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
juhobtc
on 18/12/2024, 19:34:13 UTC

How many times
Do you think this exact post is been posted in a bitcoin thread with over 30k pages ?
Honestly, I don’t know, if I had seen it here earlier, I definitely wouldn’t have published it.

let me guess... he won't answer...
I won't answer the post, or about the number of similar posts?
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
juhobtc
on 18/12/2024, 11:09:58 UTC
Only 0.26% of the world population can own 1 Bitcoin


https://x.com/Bitcoin_Teddy/status/1869217928270291432
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Topic
Board Bitcoin Discussion
Re: What do you think about this perspective of privacy.
by
juhobtc
on 07/12/2024, 19:22:44 UTC
I have a new perspective towards what it means to keep things private. I am thinking that keeping things private does not always mean keeping things to yourself. Before you criticize, I know that to have someone as trusted as that is rare and almost impossible, but they still exist, and sometimes you can find that person in your spouse. If you can share important details like passwords of bank account or safe, or grant them access to important documents, should we not also be able to trust these people with access to our bitcoin wallet?


I think that's how it should be, at least I see it in my family where my father doesn't hide anything from my mother, moreover he says that he wants his wife to be aware of everything, in case something happens to him, so that she can provide for the children.

In fact, we are already getting older, I study and work, so I no longer demand that my parents spend money on me, I even sometimes try to visit them and bring food. But I understand that this is an ideal family model, and it often happens that spouses have their own secrets and I also often see how things come to divorce, so I do not judge some people who are ready to keep everything a secret.
Post
Topic
Board Wallet software
Re: Can what happened to Samourai Wallet happen to Electrum ?
by
juhobtc
on 04/05/2024, 11:04:34 UTC
I don't believe things will go that far, and the reason they were shut down is that they enhance privacy for BTC users, and we all know the government is targeting any service that enhances privacy, by charging them for allowing money launderers conceal their tx's. So Electrum and some of the services you mentioned do not fall under this category, because they do not enhance privacy or make it hard to track BTC tx's.
Electrum is just a wallet that does not violate any laws that could allow the government to pay attention to it. There are no prohibited functions in it, only the most necessary things to receive and send bitcoins, also can hold there, but for this it is better to use a hardware wallet.

I was thinking about the sparrow, it has some kind of mixing function, although I have never used it enough, so I am well versed in all its capabilities. I just use an Electrum bundle with a hardware wallet and it seems to me that this is enough to safely store my btc.
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Topic
Board Bitcoin Discussion
Re: How to get your Dad (or Mom) to buy Bitcoin?
by
juhobtc
on 04/05/2024, 10:54:11 UTC
Parents can trust you just because you are their child and they trust you, but this should not be the case when it comes to money, they must trust the asset in which they are going to invest money, and with Bitcoin this is possible, they just need to understand how things work.

My parents still don’t want to understand what Bitcoin is, but they know that I buy some Bitcoin when I manage to put aside some savings. I can’t call my investment significant, I spend a lot on rent and have other expenses, but I have been buying Bitcoin for some time and there is already a profit. I probably won’t sell, I’ll hold it until I collect more, maybe by then the price will increase even more.
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Topic
Board Gambling discussion
Re: Are Nassim Taleb's ideas useful in gambling?
by
juhobtc
on 03/05/2024, 16:40:40 UTC
I have long wanted to discuss the following topic with users and participants in gambling discussions. Do you think Nassim Teleb's philosophy can be of any use in gambling? His various ideas and theories? Let me just list some of his ideas and you can comment on how, if any, benefits can be gained from this:
1. Ideas from the book “Fooled by Randomness.” There are many ideas that boil down to the fact that we often mistake randomness for a pattern.
2. Ideas from the book “Black Swan”. Strategies based on anticipation of the Black Swan.
3. Ideas from the book “Antifragile.” By the way, the concept of “barbell” is also from this book. Keep 90% of the bank in conservative assets and 10% in high-risk assets.
4. Ideas from the book “Skin in the Game”.
If you think any of these ideas can be applied to gambling, explain why you think so and how specifically it can be applied. If you believe that Nassim Taleb's ideas only apply to options trading and not to gambling, tell us more about your position.

The Black Swan is a rare event that entails a very serious consequences, and his influence is very insignificant on gambling, at least not in daily terms. And if we talk about the probabilities, or about our perceptions to external factors that could affect our results, then I think that these are just random results, that we try to fit under a certain result. But the human mind is inclined to look for patterns, at least I constantly notice it behind myself, I often try to analyze the result and find an explanation why it happened that way, it does not always concern gambling. And I am almost sure that we are often mistaken when we believe that there are some kind of behavior, that are able to influence our future. I can say the same thing regarding superstitions as a black cat, when people are afraid that he will run through the road, these are all unreasonable mistakes. From your topic, I realized that I'm new to Nassim Taleb books, and I still have to fix it.
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Board Economics
Re: Isn't it all about money?
by
juhobtc
on 03/05/2024, 14:52:07 UTC


True that there is limitation to what money can buy, specifically life, and there are sickness that money cannot cure. Aside that bro money is actually very important because there is no way you can do anything or even survive in this world without money. True that money does not give actual happiness but give you excitement and access to what ever you want to buy talk of luxury and comfort money will give you full access. And when you have money especially a lot of money it will come a time that you will feel like your lacking something. It is better to give meaning to life than just money, make friends have fun be kind and treat people well, that is what we call life not just buying and spending. Make people happy and help does you can.


Money plays a large role in our lives, they move us, and our desires. I began to work very early, so as not to depend on my parents, and I understand the value of the money is very good, but I like to work and know that I myself decide how I want to live and what to do. But money is just a means of achieving the goal, there is a lot of things, that I will always value more than money. For example, freedom, or feelings, is definitely to buy it for money, although probably freedom is a separate topic for conversation.
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Topic
Board Economics
Re: Should you save, when you are wealthy?
by
juhobtc
on 25/07/2023, 18:03:17 UTC

Well I think what you said (the word I underlined) is the most appropriate thing if it talks about how they value time. They are always more appreciative of time and they try to make the most of every moment they spend very well and effectively. So that no time is wasted. I think I just realized this. And well it seems I also have to start appreciating every time I live. Sometimes I don't use my time effectively. when I'm on holiday I prefer to be lazy even though I can use that time to do useful things. And yes they also know the value of money. So they only use it for things that are useful and can bring more profit.
But we also need to rest, we cannot work all the time. We need to work more efficiently, during working hours, but during the holidays I would like to take time for myself, spend time with my family. Rich people value their time, it's true, but it seems to me that they have much more opportunities for this.
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Board Meta
Re: Forum ranks/positions/badges (What do those shiny coins under my name mean?)
by
juhobtc
on 24/07/2023, 14:20:51 UTC
I seem to be missing something, I have the required number of activities and merits for the Member rank, but I still remain Jr. Member, why is that?
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Topic
Board Altcoin Discussion
Re: XLM - yes or no?
by
juhobtc
on 24/07/2023, 14:08:24 UTC
Not sure what's the reason behind this pump but most of the time XLM moves like this when XRP is also pumping, it's a good timing for those who bought a week ago as the profits is almost 40% now and we all know when some pump happened with the coin, those who manage to see a good amount of earnings will think of selling and collecting their profits.

Let see if the week will end with continuous positive run for this coin. Just be very careful with your decision in case you are still playing/investing with this asset.
My friend bought ХLM for a long time, he told me that it would be a good investment in the future, but I didn’t listen to him because I don’t have a big budget for buying different coins and I only buy BTС so far. And my friend decided not to sell his coins on this pump, he says that ХLM will grow even more and he does not pay attention to temporary pumps.
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Board Economics
Re: What are some financial secrets that you know of?
by
juhobtc
on 24/07/2023, 14:02:44 UTC
I agree with number 1 and 3, but 2 should be a little different. It is true that we should be investing most of our excess money but not having to save any of it will be hard specially during unexpected circumstances. There are instances that we will be needing money right off the bat and since all of our money are outside for investment it will be hard for us. Instead, I think it will be best to have both savings and investments.
If there are no big expenses, then there may not be much savings, and in extreme cases it will be possible to sell part of the investment. It may not be good, but bitcoin can rise and we will get more money, and this will only be if we need a lot of money, but often small savings will be enough to cope with current issues.
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Board Beginners & Help
Re: Every Bitcoin holder Should Take a Cybersecurity course
by
juhobtc
on 24/07/2023, 13:55:56 UTC
I think in our forum yeah, there are some courses or quiz being put up by our distinguished member to test ourselves and obviously to tell us that we need to take cybersecurity very seriously.

But outside? I doubt that newbies are performing this courses, maybe they saw it, but they just bypass and go directly acquiring crypto and then going online which put it as risk.

Because if we don't know or we are just relax with everything we do, hackers are everyone. Just one click from unknown sources, and then your crypto is gone.
The forum gives a lot of knowledge on how to store our bitcoins and what not to do in order not to lose money. I don’t know how those who are not familiar with this forum worry about their safety and where they get their knowledge from, it seems to be more difficult for them to do all this and they can more often become victims of scammers.
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Board Bitcoin Discussion
Re: My easy way to teach your kids bitcoin.
by
juhobtc
on 24/07/2023, 13:28:25 UTC
The Need to Teach Kids About Bitcoin I don't understand why everyone wants to teach kids about Bitcoin. What do you do by teaching children about Bitcoin from an early age? Everything has a certain age, beyond that age if you want to do those things then the results of those things will never be good. It is the duty of every parent to ensure that children have a good childhood where if you try to teach them about Bitcoin, it will disrupt their normal growth. There is no need to teach children about bitcoins If you really want to educate your children about bitcoins then you can teach them different things about bitcoins when your child crosses a certain age limit.
We have a whole life ahead of us to learn about finances, and I am also of the opinion that children should be given the opportunity to spend their childhood carefree. When they grow up and become interested in bitcoin, then you can help them figure it out, but rushing to give them knowledge that they may not need now is superfluous.
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Topic
Board Economics
Re: Benefit from Higher Education?
by
juhobtc
on 24/07/2023, 13:22:06 UTC

People will indeed find it easier to run something when they have enough experience and education for a thing. But to achieve these two things, of course everyone also needs money at first which will usually be given by our respective parents in life. Because without basic help from our respective parents, of course everyone will find it difficult to walk or to do something that we need in life. That is why education and experience are important so that a person can achieve the benefits in his life as we desire.
In the autumn I will start my studies, but in order not to depend on my parents' money, I now work a lot, I have two jobs, and for a while I didn’t even go to the forum, but I got a steady income, so to say. The work is temporary, I warned employers that most likely I could only work for them in the summer, but I would see when my studies begin, maybe I will continue to go to one of them if it does not interfere with my studies. I save a little money, and for some part I try to buy bitcoin. Everything seems to be going well, but I have very little free time, I would not want to live like this all my life.
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Topic
Board Bitcoin Discussion
Re: Which of your friends and relatives deals with bitcoin?
by
juhobtc
on 15/04/2023, 08:17:46 UTC
Yes definitely don't leave any coins laying around on the exchange, the security risk is way too high. When we recommend it teach somebody about bitcoin and other crypto coins it's important that we make them aware of the security risks. There have been big scandals in the past and it's up to all of us to not repeat the same mistakes again. In my family only one person is holding also crypto currencies, my cousin. Last year for his birthday I made a small crypto portfolio for him to store his coins. He hasn't really bought any by himself, but I am going gift him some again this year for his birthday. Among my friends it's a bit different, I would say that 60-70% own a few bitcoins but aren't really using them for purchases. Because I kept talking so much about cryptos they all wanted to get invested as long term investment that might pay off in a few years. Only one of my friends trades still in CSGO skins and uses bitcoin for that.
I also finally managed to see my cousin yesterday, now I have to work a lot in the evening and at night, so I am almost constantly busy, and it’s very tight with free time, but yesterday we saw each other and I shared with him that I was buying bitcoin. He said that he had already heard about bitcoin more than once before, but did not attach any importance to it, however, like I once did. It seems that he was interested, I promised to help him if he wants to buy.
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Topic
Board Bitcoin Discussion
Re: Which of your friends and relatives deals with bitcoin?
by
juhobtc
on 05/04/2023, 14:08:25 UTC
Being or getting blamed is the main reason on why i dont really tend to share up this crypto opportunity among others or even into my relatives because i dont really like that the would really be blaming me on the time that they are seeing their portfolio is on reds.I have that bad experience on the time i had explained it to my cousin and on the time comes where the market did make some -20% on his portfolio then
he had been speaking bad things about me and blaming me out.After that, i didnt tend to explain it out on the time that someone do ask out about it because
i dont like to experience the same thing again.
I thought about the same thing, I wanted to explain to my father that buying bitcoin could bring him profit, but I did not dare to this conversation. My biggest fear is that when he buys bitcoin on my advice, the price will start to fall and I will feel guilty, even if my father doesn’t tell me about it, I’m sure he will think that I dragged him into something risky. I'd rather buy alone and when my investment brings me a good return, I can take care of my parents if necessary.
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Board Economics
Re: Benefit from Higher Education?
by
juhobtc
on 05/04/2023, 13:57:52 UTC
The education I'm talking about here isn't your regular college or university degrees, I mean education that has to do with skills development as that's what is more important in today's economy. Your collage degree won't make you financially strong but taking courses to acquire skills that are been search after could move you a step closer to that goal.
But even if you have the necessary skills, but do not have a diploma of higher education, then you simply will not be hired. I doubt you'll even be allowed to interview without a degree.
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Topic
Board Economics
Re: Should you save, when you are wealthy?
by
juhobtc
on 05/04/2023, 13:53:29 UTC
Know your financial limits in advance and plan wisely so that you can achieve your goals in the long term.
You can't get rich if you don't have savings that you then invest in assets that can bring you profit, but first think about how you manage it while you can't ignore the necessities of life.

If you have sufficient income, I think you can plan this idea well. But on the other hand, if your income is only able to meet your daily needs, please don't expect something big without doing something big.

You talk about saving and creating start-up capital for investments, but also many people here say that saving cannot make us rich. Therefore, I understand that more is needed to create wealth, and we again return to the idea that you need to create a business that will generate capital for further investment.