I agree to this. I've been on the same situation that I didn't get rewarded from the testnet airdrop but my friend told me that I only contributed a little effort and I did wrong the wrong thing. Usually testnet airdrop needs some money for gas fee and other requirements to be considered as participant. This isn't the usual airdrop where participants do requirements such as spreading the project, promoted or getting referrals. Testnet airdrops also has less abusers since we need money for gas fee. Though not every testnet has a guaranteed reward, So be meticulous on choosing a project if you are aiming for that reward.

https://www.talkimg.com/images/2024/05/30/L4nc3.jpeg

Two days ago I received a $50 payment from @icopress, my first ever online payment. I have get this 50 dollars from (Blackjack.Fun Liverpool - Wolverhampton) winner.

I was really happy to receive this payment. And as I received the first online payment of my life from @icopress, I respect and respect @icopress from my heart and I will be grateful to him for the rest of my life. Thanks bro.

 I didn't want to waste the first payment of my life, I wanted to put it to good use, so I withdrew half of the money, and from this money I spent $10 to buy food for ten poor people, and the remaining $12 I enjoyed with my family having some good food. .

And the other half of my payment I have invested in Bitcoin, I will hold it in Bitcoin, although I regularly invest and hold in Bitcoin using the DCA method on a weekly basis. But I have kept this money completely aside. Because this is my first online payment money so I will keep it separate. I have about $23 in bitcoin right now from my payment.

After receiving my first payment I was so happy, at one point I almost had tears in my eyes. How did you feel after receiving your first payment? How excited were you at that time? And what did you do with the payment? I would be very happy if you let me know.

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

https://pbs.twimg.com/media/GO23NN8WUAIHqPU?format=jpg&name=900x900
Price of a house in the USA, I don't know how accurate this graphic is.

The USA. national debt is $34T today and it was only about $10T in 2023. The national debt increases 300% within one year, it's amazing 'success' from government and central bank in the country. It won't stop there because the debt ceiling will be raised again next year.
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
https://www.pgpf.org/national-debt-clock

You can try to save your money from your jobs in bitcoins and prepare for your wealth and retirement earlier than if you work days by days without bitcoin in your savings and investment portfolio.
https://pbs.twimg.com/media/GOyfh56XMAA9iya?format=png&name=900x900

https://talkimg.com/images/2024/01/31/kDIE8.jpeg
Long time ago I was working so hard to buy Bitcoin but I couldn't because I had no job, but starting from this
month of January I have gotten a new job that pays me 5 figures a month and I just use $110 from my salary to buy Bitcoin,so as today is the last day of the month I just bought Bitcoin with part of my salary.
However, I bought it from a 3rd party through the help of a co-worker at my working place.

So, is it safe for me to store my coin there or is there any other wallet I can use to store my coins? I know of electron but apart from the electron is there any other wallet which is safe?.
My profile shows that I am still new on Bitcointalk and I would say with my actions I am very interested in learning more about the accumulation process so I can gain more Bitcoin.

This may be a question that bothers me in my heart and mind who thinks that Bitcoin as part of cryptocurrency has deviated from its initial goal which was intended to fight banks and I think it has now moved towards a commodity project for example (DeFi, NFT and etc) rather than being a legal alternative means of payment, from that question I want to get enlightenment from all members about whether bitcoin and other cryptocurrencies have changed from their original goals? Hopefully this will be material for constructive and enlightening discussion

From what I see, even today's investors only see bitcoin as a speculative tool, they don't take the time to learn about it and don't care what it is. What they care about is its volatility and exploiting it for profit, whether we like it or not, believe it or not but what I see is that bitcoin is only seen as a tool to make money. That's why I don't advocate introducing bitcoin into school curricula or teaching bitcoin to young children.

I am not against teaching bitcoin to the youth because they are the future of the world, but we need to introduce it to the right age group as well as have a systematic curriculum so that they do not get caught up in the games make money quickly.

Firstly of all let’s treat bitcoin as a currency first, as currency then it is fair to expose children to it because with this they will learn just another means of making payments not using fiat. To me it is a new technology and should be taught nothing more about it.

Now to the other side of bitcoin which is investing or even trading I think this should definitely be secular, it is not proper exposing children to risky investments, if you feel there investment should be in bitcoin you has the guiding can actually purchase and hold it for them till it gets to time where they can make decisions for themselves.

As for trading we should never expose children to it, they can learn it’s analysis like the TA but they shouldn’t trade most especially futures, it only exposes them to gambling

Bitcoin will not stop poverty in the world but it is making the poor rich. Many people that wouldn't have ever gotten wealthy are now rich because they kept their coins for a long time. Indeed, the coin shouldn't be advertised as a medium to get rich quick but this doesn't dispute the fact that people are getting rich from it. People work for thirty years and receive a small amount as gratuity, but imagine if such funds were invested in Bitcoin. Some people keep money in a fixed deposit account for many years and get less than a 10% rate; keeping Bitcoin would have given more profit. The greatest problem of the poor is the lack of information and the inability to take risks.

Many people still consider real estate a good investment (especially the older generation of investors). Let's try to calculate and check if this is true.

My friend has a property (apartment) in one of the most expensive cities in the world* (Moscow) with an area of ​​~65 sq.m (three-room). The market value of this property is approximately ~$170,000. Such an apartment can be rented out for approximately $500-700 per month. This will bring a profit of $6000-8500 per year. It will take 28-20 years for the purchase of a similar residential property to generate a return equal to the cost of this apartment (doubling the money invested).

These are not entirely accurate, but only approximate calculations aimed at showing an approximate “picture”. This does not take into account inflation, changes in the value of real estate (the “body” of the deposit) and the cost of rent (“interest” on the deposit).

Of course, profitability may differ when choosing residential or commercial real estate. Commercial rent will be more profitable, but with such rent many problems arise, such as finding a long-term tenant, because with every downtime in finding a new (short-term) tenant, money is lost. The next “headache” is the repair costs (which will certainly arise) and again drain money from you. And add to everything property taxes and other deductions, for example, tax (13-30% depending on tax residence status) on the sale transaction if the property was owned for less than 3-5 years (as in the country in which my friend’s apartment is located). One should take into account the likelihood of a fall in the value of real estate and rent due to the deterioration of the situation in the area or city as a whole due to environmental problems (pollution) or man-made (military operations), natural phenomena (fires, floods, volcanoes).


Whereas with bitcoin (compared to real estate), you just buy it and hodl it safely. It seems impossible to come up with more passive investments. Do you feel an advantage in choosing real estate investment over bitcoin? I will not ask the question of what you would prefer to invest in here, because it is already clear what the majority will choose.

With this post, I wanted to strengthen the conviction of BTC-investors that their choice was correct, because instead of buying a conditional one apartment, in 10 years you will be able to afford to buy several (probably more than 1) apartments (depending on the country and location). Like Didi Taihuttu, who sold his house and bought bitcoin.

^* - Static cost of 1 sq.m. residential real estate for 2023 by city of the world (according to various sources from the Internet).

 1 - Monaco (73,6k - 54,7k euro)
 2 - Hong Kong (27,7k - 18,6k euro)
 3 - Switzerland (Zurich)  (22,3k - 13,7k euro)
 4 - South Korea (Seoul) (19,5k - 10,6k euro)
 5 - Singapore (18,5k - 10,7k  euro)
 6 - Great Britain, London) (15,4k - 8,9k euro)
 7 - Israel, Tel Aviv-Yafo)  (14,8k - 9,9k euro)
 8 - USA (New York) (14,2 k - 9,3 k euro)
 9 - France (Paris) (12,4 k - 8,7k euro)
10 - Cyprus (Limassol) (3,3k - 2,3k euro) - A friend’s apartment is located at approximately this price level (~2,4k euro, Moscow).

Well, banks don't see much of a threat on Bitcoin as they did back in the early days. The number of centralized exchanges dominating the market, and the recent spot ETFs approval are moving BTC away from its core principles. Banks should be more than happy now that "Wall Street" is in the game. The whole purpose was to eliminate the middleman, but it seems we're going one step backwards. Satoshi didn't want this.

Unfortunately, human greed has led us to a point where we are right now. The vast majority of people are into Bitcoin and other cryptocurrencies to make money. NOT because they believe in the tech. With CBDCs poised to rule the world, we can say bye-bye to the crypto revolution for good.

Therefore, it is necessary to have knowledge first before investing in Bitcoin. Without knowledge, the risk will be greater. If we want to develop, we must also be brave enough to take risks, but it is a risk that can be measured with knowledge. While we don't have it, it's better not to come close, or we'll gamble. Many people are smart in seeing the future and opportunities, so many of them choose Bitcoin to save their money

Well, yeah, you are right, though. There are some people who need to have other sources of income before they can successfully hold their Bitcoin for a longer period of time when the Bitcoin investment is very profitable to them. 

It's easy to invest when you don't have another means of survival; the disadvantage is that such investors may not be able to hold until the bull market is reached. While there are some people too who don't have alternative sources of income and yet are still investing for a long period of time, such people are those that are still under the care of their parents or guidance. 

For example, there are some teenagers, probably at the age of 18, who are already aware of Bitcoin and any money they get from their parents, uncles, aunts, and friends they will just invest in Bitcoin and hold it for a very long time. They will not bother to sell because they don't have any responsibility yet; they are still the responsibility of their parents. 

But, for someone who is married, or perhaps the person is fully grown and has some financial responsibilities to car for himself or herself and car for the family too, it will be difficult for such a person to hold their investment for a long period of time. 

In the case of your cousin, you have already passed on important advice, but I don't think he is going to remain jobless for the rest of his life. I assume he will definitely get another job, and while he is seeking to get another job, he can invest some of his savings from the old job. I believe he had some savings from that old job; let him invest some of it in Bitcoin. Let him also get another job or use some of the savings to invest into a business.

Since bitcoin promotes mostly anti-government, banks, etc.


I am wondering; Do you trust bitcoin holders?

My cousin who in time i asked to investment on bitcoin but has always had excuses that he'll invest later, sometimes he tells me that he's afraid to invest his money on the bitcoin due to the potential losses.
He had aslo told me that he's contented with his monthly salaries at then but now he has fall back to me that he's ready to invest because he has lost his job and it's becoming tough for him to meet up with his financial requirements.

This has someone living a luxurious life without undermining that his job is just temporarynand economy inflations could affect his savings.
Then I reminded him that the bitcoin investment isn't a get quick rich and for an individual who has bills and financial needs to respond to as responsibility, you must have an alternative source of income by which your bitcoin investment can only be fertilexbti yield profits when you invested and doesn't panic it to grow else he may end up selling his bitcoin at lost having me to be blamed.

So I've told him that I'm not involved if he gets to Invest at this time because I know he'd panic over the volatiles of the bitcoin market since he doesn't have  another source by which he can rely on earning income to process his financial needs. The choice is his to decide because if he had alternated his source of earning to bitcoin since I told him, the dividends of his bitcoin assets would had be reliable to him after much he may have made some profits from it. It'd had also served as means of savings and factor to encourage him to be economical with his luxury life which he doesn't have the potential to continuesly afford them

FIRST WHAT'S CRYPTO CURRENCY? A digital currency in which transaction are verified and records maintained by a decentralized system Using cryptography, rather then by a centralized authority. The crypto currency are not centralized authority, so banks don't allowed them. Which are characters
in 6 ways.

 (1) SO WHY BANKS ARE REALLY AGAINST CRYPTOCURRENCY? Cause the volatility of cryptocurrency markets are concerns over security and regulations. They've made many banks cautious about involvement in the crypto space. Some banks have even banned the use of cridit cards for purchasing cryptocurrency, reflecting their hesistancy to embrace the emerging technology full. If only the cryptocurrency are ready to make a good terms with the banks.

(2) AND WHY DOES CRYPTO CURRENCY DISRUPT BANKING AS WELL? First from the Centralized to Decentralized finance. The cryptocurrency operates on Blockchains, distributed ledger that records transactions across a vest network of computer. This erases the need for central authorities , creating a more open and transparent financial system. And this also causes the risks for banks.

(3) CRYPTOCURRENCY RISKS FOR BANKS?  Risk of fraud and scams among crypto-asset sector participants. Legal uncertainties related to custody practice, redemption, and ownership rights, some of which are currently the subject of legal processes and proceedings. And this lead to why they aren't accepted in banks.

(4) WHY IS CRYPTO NOT ACCEPTED IN BANKS? The main reason banks do not accepted Bitcoins as legal tender, is because they aren't backed by a central authority. Such as a government or central bank, unlike traditional currencies, Bitcoin is not regulated or guaranteed by any third party. And this will also make the banks to get scared of linking up with crypto currency.

(5) THE REASON WHY BANKS ARE SCARED OF BITCOIN? Perhaps the most existential threat Bitcoin poses to banks, is because the potential to render traditional banking systems obsolete. As more Individuals and businesses adopt Bitcoin and the cryptocurrencies for their financial transactions, the need for traditional banking services could diminish. And it gonna affect the banks increases accessibility.

(6) HOW DOES CRYPTOCURRENCY AFFECT THE BANKS?  In my own opinion, cryptocurrency have had a profound impact on traditional banking. By challenging the status quo and disrupting long-est abolish systems, their decentralized nature, cost advantages, and increased accessibility have implications for both individuals and financial institutions.

In December 2022, the Basel committee on Banking Supervision (BCBS) announced a new standard for banks which sets a limit of 2% on crypto reserves, defines how to classify cryptocurrencies and makes provision to minimize the risks associated with cryptocurrency exposure.

https://www.google.com/search?client=ms-opera-mini-android&sca_esv=8ffd5b3fe64f0225&channel=new&q=Cryptocurrency+risks+for+banks+2021&sa=X&ved=2ahUKEwjdqoux45-GAxXrgf0HHc92BmwQ1QJ6BAgEEAY.
Click on the link to no know.

So what I'm ultimately getting out here, is that crypto currency can't go in line with banks. What are your thoughts towards this?