Topic: Bitcoin Changing my Thoughts And Behaviors. - page 4. (Read 642 times)

Very well-put, indeed.

Bitcoin is something that was introduced in order to remove any third-parties from handling our payments/transactions. With only around 21 million planned as its supply, its inflationary value caught the attention of most people and made it as an investment for long-term. Like what most people have mentioned, they see it as the "digital-gold" where its value will continue rising.

Again, if you put your whole life into a single aspect of investing, you will definitely going to tire out eventually. Explore your options and treat it as an alternative way of earning- like what mk4 mentioned in his own words, you shouldn't revolve your entire life around it.

Bitcoin has indeed made few changes in my life which I am proud of. The major changes it has made are as below

Bitcoin made me improvise my financial condition
Bitcoin made me focus more on my privacy
Bitcoin made me realize the importance of owning your assets

In my opinion, it's normal the way you feel about Bitcoin because there is a popular saying that, where your money is there your heart will be. What I will advise you is to diversify your interest a little and try to get involved in other things outside cryptocurrency.

I am no longer afraid of risk in any investment i put money into in the community . I have learnt a lot from bitcoin which I will like to impact to my future wife and children so that they will never experience poverty in anywhere they will live or spend the rest of their lives. I have learnt how to obey the rules of bitcoin which has been helping me for so long and right now.
I feel like pay with bitcoin anywhere I go, even though bitcoin is not acceptable for payment but I just feel like pay with bitcoin. I value bitcoin than fiat money because fiat money don't last in my bank account compare to bitcoin that will last like 6 month or 7 month in my wallet before using it for something special.

Bitcoin can change your behavior when you have surplus or when you make profit, except you are talking of the bad side of bitcoin, Bitcoin is like money and when it torches you, you change totally, am not against you op for what you said but one thing i notice is that money is very thing

If you don't find anything that isn't about Bitcoin interesting, I think it's a little too much. It's close to an obsession than a healthy admiration of Bitcoin. But loving privacy is okay and natural. Of course, anything that we do for a long enough time affects our behavior. For me, Bitcoin made me more aware of problems with banks and governments, with power of the few over the many. I also became more cautious about online privacy than I used to be. Moreover, I read way more economics-related content. And Bitcoin's volatility taught me to be a calmer person about financial changes. I no longer care about the exchange rate of my local fiat to USD, which is something people monitor closely because these fluctuations are very minor in comparison with what's happening on the crypto market.

Bitcoin is not really all that young anymore. We have already passed the most important stage where big countries with a lot of financial influence like China and the United States of America have tried to restrict Bitcoin or even have it banned. Those attempts failed and now we have come to the next stage where countries, albeit smaller countries, like El Salvador, are adopting Bitcoin as legal tender.

So, yeah. Not at the young stage anymore at this point.

maybe something like this can happen but when we have experienced how crypto changes lives, why not make it a job.
there are many people who have been successful and can live from crypto even though this is not a guarantee either and it doesn't mean we can immediately be successful like them but with some experience and lessons I don't think it's wrong.
on the other hand we are in the real world right now it is very difficult to get a job, in my country right now let alone getting a job sometimes even when I leave the house at this time it is still limited due to a new variant of the virus that makes us still in shackles that will never end

Isn't better to stay who you are and what you are while engaging and enjoying your investments and activities here in crypto because more than anything we need both insider and outsider.

Remember that our world is not turning only for crypto but in real world also.

Don't lean your whole life inside this market because if this fails then you have nothing to turn back .

Agree.

I would advise you to keep your day jobs and hobbies though. I can understand Bitcoin (and privacy) has become a passion for you, but don't let those displace existing passions. Or you'll find that your preoccupation is less and less about what makes Bitcoin special, and more about an incentive for you to give up your existing loves. Then you'll start putting it into financial terms, then your interest becomes market oriented.

Don't judge people anyway just because they're not enthused by Bitcoin (hell, I wasn't at first).

That makes the two of us but now am used to it and i see things normal again.

They say birds of the same features flock together and its just fair you mingle with people of the like minds to share and exchange your thoughts on everything crypto and just make new friends in this niche.

My investment decisions have changed, am nolonger going for assets which will take forever to return, and i have and continue learning patience which is key in everything besides crypto.

Actually combination of government and Crypto is the perfect way to understand the real meaning of currencies using .
in the past we are all relying in Fiat in which government can easily manipulate , but now with the present help of crypto in our daily transaction (of course limited to the country in demand) this open all our eyes to how advantageous this is and how can make our life easier than before.
so in the end it is our benefits in which both can bring.
Using Fiat and using crypto are both beneficial and worth a thing .

As for me, it is more of a change in perspective. I no longer believe that our salvation lies in the government and the systems it provides for the people. However, I don't believe that we should get rid of the government as that can be a formula for chaos. Bitcoin can provide us a good way to slowly wean from the control of many financial institutions which got their own interests to promote which not necessarily good for the people. Bitcoin can help a lot especially in areas of transparency and empowerment which we the people must demand all the time.

you dont need to lure people in. you dont need to do it purely for the betterment of the market.
that weak mindset is 'get someone to buy, so it can spike the price. so i can exit.

if all you are thinking about is YOUR exit plan and how you can lure people in to achieve your way of getting out. you are not really caring for bitcoin. you are sounding more like a get rich quick fiat lover just using(abusing) bitcoin, and your friends for your own goals

..
i have entertained many people and made them interested in bitcoin. not via a get rich quick scheme (i have hoards from 2012 and i have no desire to sell anytime soon, im not interested in get rich quick schemes or exit plans)

i instead show them that bitcoin is a real currency. i have bought pizza using it and when the pizza arrived they seen that bitcoin is a real currency and accepted for purchase of real stuff locally.

i then explain people dont need to invest life savings, but instead if they smoke 7 packets of cigarettes a week or buy fastfood take-out twice a week. try 6 packets and 1 take-out. and use the disposable income saved to put aside in bitcoin.

after all smoking is not an investment. thats just burning money..
after all fast food take-out just literally becomes the contents of a toilet bowl the next day.

knowing its no major loss to them and their home/life is not at risk. they see the benefits in giving it a try.
they then thank you later

But  this is not making you any good mate , we need to socialize we need to be with other people so we can lure them in investing here in crypto, we must do our obligation but now it looks like you are isolating your self from others.
we don't need to change actually ,but we must engage more in this conversation and we must try encouraging people around us for the betterment of this marktet.

Soon you will be addicted if you don't limit your wanting in crypto specially in bitcoin.

Pretty much Bitcoin taught me how to do my finances, what the hell does DCA even mean at one point (since I really had no idea lmao), and simple trading stuff. Never went too deep with trading cause I myself know it's not for me, but mostly learned stuff about what I should do with money. My mindset about money that is.

On another note I don't think centering your life around Bitcoin is good? I mean yes, learning about it itself is good, but it's not something that should be traded for say, your relationships with other people or your passion for other stuff. it's a medium, one that imo, is not going to replace fiat. It would, at most, be an alternative for fiat.

It's good to notice yourself because some are not realizing they've changed. You might find yourself listening to some interviews of the Bitcoin investors on youtube and then lead to some people who do a podcast about finance and how rich guys live.  

Bitcoin is connected to money, finance, and opportunity. I saw myself changed as well that it opened a lot of space for me that I have not realized is there before. And then learned that money whether we like it or not really becomes the most important thing in the world and countries do start a war for more wealth.

bitcoin wont replace FIAT. agreed.
governments want control of their tax incomes and court fines and minimum wage laws. all of which make their FIAT viable.
if people could be paid in any amount, any currency and pay any bill, tax, or courtfine. then FIAT would lose its importance/necessity.

many first world countries governments will never lose their grip on their FIAT product. as having control over it means they can control their 'treasury income'

imagine if USA changed a law allowing people to pay taxes in anything else. people will try paying in baked bean tins and art and everything else. .. senators dont want to be paid a salary in 1month old rotten fish.
you cant then have the DOD buy tanks, warships and soldiers weaponry in peanut butter.

they want control of fiat to ensure people get paid in fiat which revolves around to being taxed in fiat which revolves around to paying senators and leaders in fiat, they are dependant on the circulation of their fiat.

bitcoin is a 'second option' where people are not made to only store value in bank accounts. but they can have more options of storing value in other assets.

US didnt drop the dollar, simply because some silicon valley coders were being paid euros for their 'remote work'. because the silicon valley coders then need to convert euros to dollars to pay U.S tax.

its the same thing with bitcoin. although you are paid in bitcoin or sometimes spend bitcoin outside the physical US(aka online)
people in america will still need to value that income/spend in dollars when doing their US denominated taxes. and convert bitcoin to dollars to pay said taxes

bitcoin is just going to be another option currency. like how americans treat the euro

It is two sides of a coin: Bitcoin and fiats.

Bitcoin is created to give people freedom, be their own banks and be free from fiats. I disagree with people who say Bitcoin will replace fiats completely. It won't, in my opinion.

However, Bitcoin will beat fiats in terms of favorite in our social communities and in future, the younger people are, the more preference they tend to use Bitcoin for daily transactions.

Lightning Network, Segwit, Taproot and more technical improvement which will bring Bitcoin to more users.

I never thought of influencing Bitcoin. I only thought of influencing other people to get into Bitcoin, although I eventually decided against it when I realized it was much safer that way. And the prevailing public perception of Bitcoin in my locality which is still traditional is kind of hard to counter. I’d rather leave them to truly discover Bitcoin by themselves.

As for changes, ever since I got involved with Bitcoin, I found myself spending long hours online. I used to hate sitting in front of my computer for hours, but now news monitoring, reading discussions, participating in them, and so on became a major thing.