Topic: Enough is enough! Good bye Bitcoin! - page 5. (Read 1965 times)
Nobody can predict clearly where bitcoin will go
Although investing in crypto is risky, I don't think Bitcoin will say goodbye at this point. Although investing in Bitcoin is risky, it is very profitable; But for this you have to do research. I also hope that one day Kuwait will be open and accept cryptocurrency and crypto exchange will also be open.
I just read your previous thread,
that's a crazy exchange fee. 5% for buying, 3% for selling fee. May I know which exchange?
I suggest to you get in touch with your local crypto community.
I saw some crypto group called bitcoin kuwait, and something like that on social media.
maybe you can get a new insight from local bitcoin users there.
we can't give you suggestions specifically since we don't know how bitcoin in Kuwait.
I agree with some members here, you can try P2P exchange feature from a well-known exchange like Binance.
that's a crazy exchange fee. 5% for buying, 3% for selling fee. May I know which exchange?
I suggest to you get in touch with your local crypto community.
I saw some crypto group called bitcoin kuwait, and something like that on social media.
maybe you can get a new insight from local bitcoin users there.
we can't give you suggestions specifically since we don't know how bitcoin in Kuwait.
I agree with some members here, you can try P2P exchange feature from a well-known exchange like Binance.
I'm fed up with all this cryptocurrency thing.
First off, I make tremendous loses due to being a newbie in this market. After a second thought (and accepting the heavy loses incurred) I decided to try again and re-invest in bitcoin, only to be told this few moments ago.
I will not risking HODLING bitcoins if they will shut down the first (and only) cryptocurrency exchange in Kuwait. As such I decided to play it safe, incur further loses, and just sold all my bitcoins and getting out of this business for good.
After all, why should I HODL my bitcoins (1.25 this time) when I can't exchange them for cash when I need them? More importantly, how will bitcoin appreciate when exchanges will close in other parts of the world?
I wish I was never introduced to Bitcoin.
Any ideas on what I should do with my Ledger Nano X now?
First off, I make tremendous loses due to being a newbie in this market. After a second thought (and accepting the heavy loses incurred) I decided to try again and re-invest in bitcoin, only to be told this few moments ago.
I will not risking HODLING bitcoins if they will shut down the first (and only) cryptocurrency exchange in Kuwait. As such I decided to play it safe, incur further loses, and just sold all my bitcoins and getting out of this business for good.
After all, why should I HODL my bitcoins (1.25 this time) when I can't exchange them for cash when I need them? More importantly, how will bitcoin appreciate when exchanges will close in other parts of the world?
I wish I was never introduced to Bitcoin.
Any ideas on what I should do with my Ledger Nano X now?
Not quite long ago I felt similar. (I still kinda do) It is really emotionally damaging to be a bitcoin holder especially if it is your own earned money on the line.
I can't blame you for that.
Few months ago I threw my FU and went all out too. Now the only coins I got are from the sig camps I collected from. (and some reference profits) Life is a lot easier and less stressful that way.
I also discovered that it is the hard work that should make you rich. Not gambling. In other words, No pain, No gain.
Wish you good luck.
~
I think you just won't have access to exchanges or trading sites, but you can still hold it. There's a piece of knowledge that I think you forgot and that is that Bitcoin is a decentralized asset. I just hope that the OP didn't fully throw all his cash to Bitcoin though.
When you give up it is your biggest loss. If you always experience big losses, you are less patient waiting for prices to rise and always panic when prices start to fall. You have to know the basics of trading so that you can understand the market. and the most important thing is not to use money for your basic needs, make sure the money you invest is bonus money and will not be used for anything in the long term. Because if you start needing the investment money it will be a bet.
The fatal mistake is to sell when the price drops and you will make a loss. Hold on for longer and be patient waiting for the price to rise would be better.
The fatal mistake is to sell when the price drops and you will make a loss. Hold on for longer and be patient waiting for the price to rise would be better.
Any ideas on what I should do with my Ledger Nano X now?
IMO, you can install FIDO U2F app on your Ledger nano x and use device to secure accounts on plenty of services like Google email, Dropbox Facebook etc.. Find instruction how to do it. And no need to regret of being in crypto. You have acquired new knowledge that may be coming in handy in your life.
The knowledge of Bitcoin, and selling it while it's priced $10,500, then learning about its price 5 years after is 6 digits long will NOT be handy in his life.
Prepare your heart medicine, OP.
I'm fed up with all this cryptocurrency thing.
First off, I make tremendous loses due to being a newbie in this market. After a second thought (and accepting the heavy loses incurred) I decided to try again and re-invest in bitcoin, only to be told this few moments ago.
I will not risking HODLING bitcoins if they will shut down the first (and only) cryptocurrency exchange in Kuwait. As such I decided to play it safe, incur further loses, and just sold all my bitcoins and getting out of this business for good.
After all, why should I HODL my bitcoins (1.25 this time) when I can't exchange them for cash when I need them? More importantly, how will bitcoin appreciate when exchanges will close in other parts of the world?
I wish I was never introduced to Bitcoin.
Any ideas on what I should do with my Ledger Nano X now?
First off, I make tremendous loses due to being a newbie in this market. After a second thought (and accepting the heavy loses incurred) I decided to try again and re-invest in bitcoin, only to be told this few moments ago.
I will not risking HODLING bitcoins if they will shut down the first (and only) cryptocurrency exchange in Kuwait. As such I decided to play it safe, incur further loses, and just sold all my bitcoins and getting out of this business for good.
After all, why should I HODL my bitcoins (1.25 this time) when I can't exchange them for cash when I need them? More importantly, how will bitcoin appreciate when exchanges will close in other parts of the world?
I wish I was never introduced to Bitcoin.
Any ideas on what I should do with my Ledger Nano X now?
Bitcoin is ponzi just big ponzi scheme!
As usual If no More new investors the ponzi collapse the best Thing to trust is legal things btc is gamble it Can just disapere one day
Cryptocurrency is just Good for Take profit as much as possible and leave!
Just remember this thing, you are not the only one who have encountered in this kind of problem. Since you are in a country that does not want to adopt the new technology yet you have other option on what to do in your bitcoin and your nano ledger wallet. Also, before having bitcoin you should understand the risks you may encounter before jumping into investing. It is best to have proper knowledge in this technology since some also regrets of not having bitoin early.
You have entered the market too late and I guess you had become too impatient. Bitcoin millionaires had waited several years and invested at a good price. If you only had learned or heard about bitcoin due to it's potential earning through investment, you ahould've researched further of it's risks.
Most countries are banning cryptocurrency since it is associated with illegal activities like money laundering. You can still keep your cryptocurrency and use VPN to access some platform and exchange your crypto there.
Most countries are banning cryptocurrency since it is associated with illegal activities like money laundering. You can still keep your cryptocurrency and use VPN to access some platform and exchange your crypto there.
Even if your country is not supporting cryptocurrency like Bitcoin you can still hold it in your wallet and like you said you cannot exchange it with cash if you need it, man there are many ways to convert btc into other payment channel like btc to paypal for example, dont tell me even paypal is not allowed in your country? if yes then it looks like your government is not interested in innovations.
Any ideas on what I should do with my Ledger Nano X now?
IMO, you can install FIDO U2F app on your Ledger nano x and use device to secure accounts on plenty of services like Google email, Dropbox Facebook etc.. Find instruction how to do it. And no need to regret of being in crypto. You have acquired new knowledge that may be coming in handy in your life.
why store your BTC on an exchange when your main purpose is to only hodl them ? but you must not worry if they shut down the exchange for good as long as they give warning and return the funds to thier users that wont be a problem because you can still use other exchange . you can exchange your btc anytime if you need money because like i said earlier there are others out there that doesnt have country restriction . you can use them anywhere you are in the world and its almost impossible that other exchanges will shutdown because there are lots of them .
But for me, it's over.
Bitcoin OGs, were there many people like aceboy44, who said that "it's over" for them before the famous surge to $1,000 of 2013?
Where are they now? They FOMO-bought $3,000 - $10,000?
This is the result of investing without good knowledge of cryptocurrency. If you are a beginner and you invested in crypto then there would be a huge probability that you may lose your money but do not give up on cryptocurrency because there are many opportunities that you can have in the world of crypto. You will waste it once you quit. Just don't rush things and prioritize knowledge over money.
Op, if you are weak. Crypto world is not for you. Akso, giving up is not the answer and will not help you out overcome your losses. If you are lack of patience, you will really lose in the battle of volatility.
To tell you frankly, you're not the only one who have been a newbie before. We've been there, we also have losses, we have also mistakes. What you shall do is to give space first, reminisce all the mistakes you have encountered and continue holding. Remember that it is not always the sad part (bears) and we are just waiting for the boom time.
To tell you frankly, you're not the only one who have been a newbie before. We've been there, we also have losses, we have also mistakes. What you shall do is to give space first, reminisce all the mistakes you have encountered and continue holding. Remember that it is not always the sad part (bears) and we are just waiting for the boom time.
There are many people who also experience the way you experienced and it is way harder than yours because of having a greater amount of lost money. Maybe that should serve as a lesson for you, every beginner or those people who do not have enough knowledge about cryptocurrency will usually experience losing especially if they invest because of being a lack of knowledge. For all the beginners who wants to invest in crypto, you better gain knolwdge first about cryptocureency before trying it. It would be hard for you to earn from investment ifnyou dont have knowledge about it at all.
Bitcoin has given solutions to many. In fact, it marked the beginning of the current market that we know. So your testimony seems unfortunate. I have done a search on how citizens in Kuwait can buy Bitcoin and cryptocurrencies and found these reviews.
https://www.buybitcoinworldwide.com/kuwait/
https://www.bitrawr.com/kuwait
I also agree that you should use the Binance platform and take advantage of all the benefits that it offers to its users. Don't lose faith in Bitcoin, keep your mind focused on managing your funds better and you will receive its benefits.
https://www.fxempire.com/crypto/exchange/binance/review
https://www.buybitcoinworldwide.com/kuwait/
https://www.bitrawr.com/kuwait
I also agree that you should use the Binance platform and take advantage of all the benefits that it offers to its users. Don't lose faith in Bitcoin, keep your mind focused on managing your funds better and you will receive its benefits.
https://www.fxempire.com/crypto/exchange/binance/review
In the first place why put all your Bitcoins in an exchange, when everyone knows that exchanges are highly risky storage of wealth, due to the fact that they can be shutdown and regulated by governments, and most exchanges use centralized databases to store Cryptocurrency, so its like a gold mine for hackers, if they can find some vulnerabilities, which almost every program has.
You can buy a set of KYC yourself and use them. I know there are several OTC channels that people offer this service.
Buy a set of ID documents to do KYC. What's wrong with your thoughts? You will put you at risks of police arrest, and your accounts can be frozen at any time if police has money laundering reports against you (correctly with information from the ID documents you bought and used).Do KYC is a risk. Buy ID documents to do KYC is a bigger risk. Why?
Why KYC is extremely dangerous – and useless. Do you understand what is KYC?
If you have to do KYC, use your own ID documents to do that. If you don't want to do KYC, try to choose P2P, OTC, CEX. There are many of them for you to choose.
Take one from [BIG LIST] Buy/Sell Crypto (OTC, P2P, DEXs, CEXs, NO-KYC, ATMs, etc.)
I do not certainly know and understand why certain people do still take this step or action just to get pass through KYC verification knowing that falsification of legal documents such as identification cards and other documents needed for KYC is a major offense because it is duly against the law of any country. Why to risk yourself doing such actions when you can proceed on providing real KYC documents to complete the process. It is indeed right that if you do not trust or do not want to take KYC processes then there are still other ways possible rather than doing something that is illegal.
With regards to the problem of the OP, it seems like the issue on the exchange and not the Bitcoin itself so it must not be blamed for that. Though the experience of him is really frustrating for experiencing loss when he just started to try doing trading with Bitcoin.
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