#1) it doesn't pay any dividends like stocks #2) risk of extended drawdowns which could cause loss of principal unlike in a real estate investment where the property only goes up in value #3) unfavorable tax treatment since it cannot be depreciated like many types of assets can be when used for business purposes
the fact that it doesn't pay any type of periodic cash flow while it is owned is a serious issue. for these reasons i don't really like bitcoin as an investment.
1. Well, yeah. It's decentralized, no one will pay you dividends. However, returns from BTC are much higher than those from stocks. 2. Everything is a risk, don't be a fool. 3. It depends on the country, actually. Some countries don't even tax it at all yet.
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Re: Don't Be scared Use this Dip as an opportunity to HODL more.
To my greatest shock, I woke up this morning to see that bitcoin price dip to $52k and I was like damn it where is my reserve funds, and immediately I bought some sats because I am still stacking and need to take advantage of the market price since I am buying in discount.
To new investors and weak hands, this is not the time for panic but a time that bitcoin gives you the opportunity to buy bitcoin in discount because the price is on temporary and will still pump as we are expecting the bull run to kick with price pump soon. Hodli is the only way out to overcome bitcoin price volatility.
Yeah, I bought some too. When you've been in crypto for some time crashes like that don't scare you, they make you greedy.
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Re: More info coming out about Satoshi
by
vitya1982
on 31/07/2024, 13:30:57 UTC
Dude, what are you on? I want the same stuff.
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Re: Politicians are not our tribe.
by
vitya1982
on 28/07/2024, 18:39:01 UTC
That's actually a simple thought, but it seems like some people don't really understand that. So it's better to spread the word I suppose.
I would like to learn more about fiat and why a fiat standard is doomed to fail.
How is fiat created? Why is it debt-based? How does it create inflation?
Your later questions answer your first question. Fiat currency fails and loses purchasing power because of inflation that is continuously made by governments and central banks. If you need an example, please look at the biggest fiat currency.
Why was the gold standard better, and what could happen under a bitcoin standard?
Gold is better because it is inflation too but it can not be printed by governments. You have to mine gold, not get it from printing or minting.
With Bitcoin, it is inflationary too but the inflation rate is smaller with time, and after 2140, it will become deflationary. Currently after four halving times, Bitcoin inflation chart is already in a flat area.
Gold is better, but it's not a currency, it's an asset. Like Bitcoin for a lot of us. It can be both, but it's not too widely accepted. So, fiat is obviously losing its power with time, but only idiots keep their money in fiat.
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Re: What price can XRP realistically reach this bull run?
by
vitya1982
on 24/07/2024, 11:36:56 UTC
$2 tops if it will be a really good run for it. I don't believe that it can reach more than that.
I have figured out 2 private keys having Bitcoin. One private key is holding 0.002 btc and another is holding 0.134 BTC
I need urgent money and I think if I take this fund at my wallet my problem will be solved.
One private key - last transaction was 2014 Another one- last transaction 2013
I think it is 10 years +
Should I take this fund? I need very urgent money. Without fund, my life is becoming horrible. I have lost all and have fallen under big debt due to gambling. So, I have lost to others.
So, 1. From the moral point of view, should I take this fund? 2. If I take this fund, will I be caught? Is there any way getting my identity while shifting fund?
Well, it's hard to trace you. But I wonder why you even posted it here, this moral dilemma is yours and can't be figured out by others.
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Re: 🔍 Unveiling Satoshi Nakamoto: Community Vote 🗳️
Recently, I acquired vistomail.com, including the email alias satoshi@vistomail.com, enabling me to dive deep into the identity of Satoshi Nakamoto, the visionary behind Bitcoin.
I doubt your statement, Whois data shows the registration date happened since 2006.
Expires On 2028-07-27 Registered On 2006-07-27 Updated On 2024-03-24
And even if you actually bought the domain recently, i don't understand how you can obtain information related to Satoshi just by owning the domain.
Everyone has the right to their own opinions on this matter. Our intention was simply to conduct a straightforward Yes or No vote. Otherwise, I can choose to remain silent. I happen to know who Satoshi is, and Satoshi requested that I share this to gauge interest. Currently, the majority is voting No one cares and scammer, which is encouraging for Satoshi to remain anonymous. We just wanted to pose the question to the world.
Well, it still looks like you're a scammer, there is still no proof. Either you're lying or being fooled by someone else.
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Re: Is bitcoin gradually turning away from its purpose?
There's nothing change, Bitcoin is still Bitcoin, if you want to use Bitcoin to pay something, you can, at the same time you can also use it as a store of value. It's up to each person who own Bitcoin, different person has a different purpose and the way to use the coins.
Bitcoin is freedom, so, let people choose what they want!
True, every person defines what BTC means to them, but it doesn't mean that it changed. And it's actually great that everyone can do so many things with it.
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Re: Best Crypto Wallet
by
vitya1982
on 24/05/2024, 06:27:17 UTC
I tried Exodus and OWNR wallet, they are both good. But currently I'm using OWNR, there are a lot of other functions, like selling your crypto instead of exchanging it for USDT or buying gift cards.
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Re: Did you start investing in bitcoin because of some celebrity ?
by
vitya1982
on 11/05/2024, 15:54:03 UTC
No, I found influencers after I started investing in it. I heard about BTC a long time ago but didn't pay attention. 4 years ago I thought that I should try it, and now I don't think that I will quit.
Scammers are to blame for taking advantage of people's lack of knowledge. At the same time, people also have a responsibility to educate themselves to avoid losing money.
Well, scammers are committing a crime, and it's kinda strange to blame the victim. On the other hand, if someone keeps falling for their schemes then there is something wrong with that person...
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Re: What do you think of our meme character?
by
vitya1982
on 19/04/2024, 14:07:34 UTC
Looks good, but it doesn't mean I'm gonna buy it. Would be interesting to know something more about it, what are your plans?
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Re: When will Michael Saylor and MicroStrategy sell BTC?
Michael Saylor is obviously a bitcoin fanatic, and I can make him an example of a good holder of a crypto that should be emulated. I am not talking about how much you can buy, but whatever goal he has, he really wants to achieve.
And what I saw from him is that whatever he has, he will immediately sell bitcoin, which is a good example for other investors, to be honest. And if he ever sells it, I am pretty sure that he will release the bitcoin, as it already has a huge ROI for him.
Do you know what his thinking is like now? If you can figure out Michael Saylor's way of thinking about something like this, you might be a smarter person than Michael Saylor. But I don't think you are smarter than Michael Saylor, who is currently still very happy in hoarding Bitcoin and perhaps has never thought about selling it because he is still quite cool hoarding Bitcoin to the point where he is the holder of the most Bitcoin in the world. So what do you think that Michael Saylor will soon give up Bitcoin because he is already seeing huge ROI?
True, we can't know what is he thinking about and what are his plans. But I'd like to see him selling BTC just to see how the market, influencers, and regular folks would react to this.
The main factor you have to consider is risk because the risk of investing in meme coins is very high. I can't recommend you to invest in certain meme coins that might be hyped in the future and will give you huge profits, but I suggest you to choose some meme coins at random and invest a little of your money.
You can't know what memecoins might be hyped in the future, it's a combination of luck and a PR campaign. I think if someone wants to invest in memecoins it's a good idea just to throw a few bucks in some memecoins, one of them might pump hard, and you might sell it before it's too late.
Fees are not high at all in the past weeks. You can't look at the btc price and say fees are high, it's still the same sat/b it was before, only 1 sat is worth more now.
People will have different views on this.
If they see it in satoshi spent for transaction fee, they will feel more comfortable. If they see it in $ value of their satoshi spent for transaction fee, they will feel uncomfortable because they are spending more $ than in the past when Bitcoin price was cheaper than in 2024.
I believe we can not find an agreement for this as it depends on personal view.
Well, it depends on how high is the fee. $1 for the transaction is nothing. And even $10 is not much if you're transferring thousands of USD in Bitcoin.
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Re: Wallet suggestions?
by
vitya1982
on 22/02/2024, 14:01:33 UTC
If you don't have too much crypto - just find a non-custodial wallet that supports your coins. If you have a lot - sell what can't keep the cold wallet, and take everything else there.
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Re: Is Altcoins a good investment?
by
vitya1982
on 19/02/2024, 16:41:18 UTC
You literally said nothing. The higher the risk - the higher the reward. But I prefer not to risk too much and invest mostly in BTC and ETH. At least you can be sure about them in the long term. Everything else is not so reliable, and I don't really like sitting and trying to find the best moment to sell a coin.
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Re: Are memecoins really important for the crypto market?
I don't have anything against meme coins, as long as they aren't scams. But let's be real - thats a big if! So many ride the hype train of humor and celeb shout-outs without actually offering real-world use or planning for the future. Sure, some lucky ducks have scored big wins. but for most folks, the 15 minutes of fame fizzle and they're left clinging to worthless bags of digital dust.
Personally I find the "lambo overnight" fantasies around meme coins kind of uncomfy. Investing should be thoughtful, not fingers crossed that a viral tweet might jack up your portfolio. But hey, to each their own. Some folks have fun playing the hype cycles. For me, I prefer coins with fundamentals over fleeting fame. But who knows maybe I'm missing out on those sweet lottery gains.
"Lambo overnight" is just a fantasy, nothing more. I mean, it's possible, but it's a 1 chance in 10,000,000. If people want to buy stupid funny stuff and lose their money - that's fine, if they understand that. If someone is really thinking about getting money there - he has some problems. I just prefer to avoid this market.
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Re: What price can XRP realistically reach this bull run?
I don't buy XRP because I don't see any point in this currency.
What does she propose to do? What problems does it solve? What benefits can you get from being a holder?
I honestly can't see anything good for her.
its only functionality is price speculation and nothing else.
If someone who has more in-depth knowledge about her can tell me something to change my mind I would appreciate it.
Yeah, I have the same thoughts about it. I don't get it why so many people are hyping for it. I've seen people predicting it's big bull run for years, but it remained kinda still.