Every crypto newbies need to know this

Odo1972

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Quote from: Outhue on December 04, 2022, 07:42:31 AM

The only thing that keeps giving me the freedom vibe right now is Bitcoin.

Bitcoin is the only innovation that keeps me a bit ahead of the Government.

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

They monitor you when you made some deposits in the bank.

They sit you down and start asking questions when you are ready to use your hard earned money.

They use your money behind your back to invest for themselves.

This is why I strongly believe that Bitcoin will forever keep it's value intact, do make sure that you at least have 50% of your fund in Bitcoin, whatever your crypto dream might be make sure Bitcoin has its place in your hardware wallet.

This is a good advice. Here in my country I have seen people invited by the government security agency because of some huge transactions that occur in the bank accounts. Some times, some people's bank accounts are being frozen, restricting them from embarking on business deals.

But so far, I've not heard of any single case of a bitcoin holder being called upon for interogation for whatever reason.

Obari

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Quote from: Outhue on December 04, 2022, 07:42:31 AM

They use your money behind your back to invest for themselves.

This is one of the major reasons I don't trust this local banking system in my locality.
Bitcoin over the years has proven itself as one of the decentralized digital currency absolutely controlled personally by its holder with necessarily the present of a third party.
But OP there are some advice that seems to be like a financial advice and while making some post, It will be nice you also state that is is not a financial advice as well as tell your audience to Alo Mae thei own research and all you said are based on your perspective and what works for you.
Also as a Bitcoin and cryptocurrency lover, I wouldn't advice anyone to put 50% of their worth into crypto, not this period that the market is unstable.

indah rezqi

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Quote from: kawetsriyanto on December 09, 2022, 02:31:37 PM

Yep. If you are an experienced investor, 50% is probably not enough. But if it is for newbies, 50% is very very enough, it is even too much as you stated above. At the newbie level, it is better to use a small number of funds. Learning should be the focus, not the potential profits. Only people who have enough experience and knowledge, can consider using 50% of their funds for Bitcoin or altcoins investment. We all believe in Bitcoin future, but sometimes newbies often panic when the price drops drastically. They can fail to take profits if they sell their BTC or altcoins in panic. A newbie needs sufficient experience and knowledge to be a strong holder.

For the initial stage, the higher the percentage of bitcoin that beginners have as an investment, the better for them. Beginners will be safe to invest in bitcoins even if they don't actually have enough knowledge to do the analysis, they just need to buy and hold and secure bitcoins in a non-custodial wallet. In the long term bitcoin will increase because its future potential is very good, so it will work in their favour.

kawetsriyanto

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Quote from: Lucius on December 04, 2022, 08:08:40 AM

If you really believe in Bitcoin, then even 50% is too little - although that is the decision of each individual. For some, it may be too much, especially in the time we are in now, because some have a hard time bearing the fact that their investment has lost value and that they cannot know when it will reach the desired value again.

Yep. If you are an experienced investor, 50% is probably not enough. But if it is for newbies, 50% is very very enough, it is even too much as you stated above. At the newbie level, it is better to use a small number of funds. Learning should be the focus, not the potential profits. Only people who have enough experience and knowledge, can consider using 50% of their funds for Bitcoin or altcoins investment. We all believe in Bitcoin future, but sometimes newbies often panic when the price drops drastically. They can fail to take profits if they sell their BTC or altcoins in panic. A newbie needs sufficient experience and knowledge to be a strong holder.

Getmon

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That is what governments do, to govern its subjects. The issue arises when regulations are more favorable to the wealthy, especially the banks as they control the financial system. Really, it's rigged. Although opening a bank account for our savings is entirely optional, it is unfair that they are using our money to make significant profits while giving us less than 1% in return each year. Banks attempted to stop bitcoin, but how far they can succeed given that certain banks have already recognized its value.

Lida93

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Quote from: Outhue on December 04, 2022, 07:42:31 AM

They monitor you when you made some deposits in the bank.

They sit you down and start asking questions when you are ready to use your hard earned money.

They use your money behind your back to invest for themselves.

Did you know banks could be funny at times! Most of the times I attend the bank for some financial activity, like 8 out of 10 times I observed that there is always uninterrupted available network for depositors and the queues move fast unlike when it comes to withdrawal you will be experiencing network issues with their ATM's that ends up delaying the customers from withdrawing, and I have come to an understanding that it is a deliberate act to deter customers from taken their money from their confines so they don't lack fund to give out for loans, or investments for their own benefit while the customers that owns this money don't even get an interest added into their individual account at the end of the month.

The banks through the government can do anything possible to bar customers from withdrawing their money especially when withdrawal is starting to exceed deposition.

Issa56

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Quote from: Outhue on December 04, 2022, 07:42:31 AM

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

Not only millionaire's or billionaire are tired of the banking system, even people that are not millionaires are tired. Recently limit have being placed on the amount you can withdraw daily which is kind of annoying, the government just want to be controlling us, that's just the main reason why they are against bitcoin, because they know that bitcoin will give everyone freedom.

Quote from: Note3 on December 07, 2022, 08:19:46 AM

I have my doubts about this because millionaires and billionaires are true friends of the government and they use the banking system to fund their businesses so how can they be fed up with a system that benefits them?

So you mean everyone that's a millionaire currently are making use of banking system to fund their businesses? You are kind of wrong, I know some millionaires that build their business from scratch and didn't take loan from banks to build their business, some of them don't even like making use of bank, but since they don't have choice that's why they keep on using banks.

reagansimms

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The banking system has kept us stuck in a loop that requires us to always follow their rules, obviously it's very boring. Bitcoin has become a solution for everyone who knows the great benefits that are in it, at least we don't need a third party to send money between countries.
Even though the people involved in the banking department have to comply with all the rules, they will secretly use Bitcoin for future investment plans. Bitcoin is very friendly to all levels of society, its presence can provide great benefits for all elements of society. For this reason, the government, especially banks, consider Bitcoin as a threat that can destroy their business.

Asiska02

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Quote from: Outhue on December 04, 2022, 07:42:31 AM

This is why I strongly believe that Bitcoin will forever keep it's value intact, do make sure that you at least have 50% of your fund in Bitcoin, whatever your crypto dream might be make sure Bitcoin has its place in your hardware wallet.

Investing 50% of your hard-earned money in bitcoin is not a big deal, but the main issue here is not knowing what you're investing in. If you urge someone to invest in a business, he or she must comprehend what they are investing in in order to avoid disappointment in the end. People frequently believe that bitcoin is a place where people come to make money overnight, but many are disappointed when their goal is not met at the end of the day. So, rather than fleeing the banking system because they are frightened by it, they should have a thorough understanding of bitcoin before entering into it.

Accardo

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When a person is in control of his money and concludes within him to bear the risks, whether Fiat or Bitcoin he won't be under these conditions you listed. If a person store their fiats somewhere else except in the bank nobody will have the right to use his money behind his back. The same thing is applicable to crypto, if a person stores their money on exchanges their Bitcoin can be used behind their backs to do businesses. So all these are applicable to method of savings. Not everyone that use fiat save them in the bank.

Sandra_hakeem

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Quote from: Outhue on December 04, 2022, 07:42:31 AM

This is why I strongly believe that Bitcoin will forever keep it's value intact,

Those are just majorly the qualities that Bitcoin posses, that's different from the whole FIAT's monetary policies, yunno. It ain't a reason to keep Bitcoin going dude. I don't think Bitcoin has got any blockage on it's way RN as the system has already been accessed, transaction processes have been ascertained, the Blockchain has been made to serve multiple purposes, including the purpose of a LEDGER, mhannn... Crypto won't replace Fiat, EXCEPT OTHERWISE( maybe several options are made to synchronize like FIAT does) but it's a wise choice.

Sandra 🧑

kamvreto

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The government uses Fiat to be able to regulate whatever things people do. Their money is not really their money, Fiat is regulated and managed by the government, and using customer's money for investment to grow their own profit is so easy. Banking and bitcoin are different in every way, because bitcoin is decentralized while banks are centralized which can be managed in such a way. both have their advantages and disadvantages. Fiat is required for major transactions because Fiat is still irreplaceable, while bitcoin is for digital investments and some of them are also used as legal payments but are rare and not fully implemented.
Bitcoin adoption is getting stronger but has not been able to replace fiat, Bitcoin is a good option as a digital asset.

Oceat

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Bitcoin is the key if someone wants to be financially free from using the bank and since not everyone know what the banks are doing. This thread might help them realize that Bitcoin is different from using the third-party to use your hard earned money. Regulation might be a hinder if you are using crypto to fiat but it's different when using only Bitcoin.

They monitor everything of what you are doing with your hard earned money and they also stop you from using it if they think you are using too much and that's not fair. That's why Bitcoin is the only key to whatever you want to do with your own money.

Finestream

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Quote from: Outhue on December 04, 2022, 07:42:31 AM

The only thing that keeps giving me the freedom vibe right now is Bitcoin.

Bitcoin is the only innovation that keeps me a bit ahead of the Government.

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

They monitor you when you made some deposits in the bank.

They sit you down and start asking questions when you are ready to use your hard earned money.

They use your money behind your back to invest for themselves.

This is why I strongly believe that Bitcoin will forever keep it's value intact, do make sure that you at least have 50% of your fund in Bitcoin, whatever your crypto dream might be make sure Bitcoin has its place in your hardware wallet.

That is why bitcoin is the most secured thing and gives you ultimate freedom you can never find in the government alone. So never be a slave for fiat but do focus more on bitcoin because it will give us the key to a brighter future. As long as you know how to deal with its risks, and you know you are keeping bitcoin for long term at your most trusted wallet, bitcoin will always exceed your fiat expectations and will definitely make you ahead of the government.

Solosanz

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Quote from: Outhue on December 04, 2022, 07:42:31 AM

do make sure that you at least have 50% of your fund in Bitcoin, whatever your crypto dream might be make sure Bitcoin has its place in your hardware wallet.

So you're want to give advice to newbie, but you're tell them to collect at least 50% of your funds in Bitcoin? that's really a bad advice since newbies doesn't know anything about Bitcoin and you force them to have Bitcoin!

The best advice is: just invest that you can afford to lose, Bitcoin volatility is high and you could suffer losses for 10% in a day! many newbies will panic and sell their coins. If they're only use amount that they can afford to lose, they wouldn't mind about the short term dump.

Note3

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Quote from: Outhue on December 04, 2022, 07:42:31 AM

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

I have my doubts about this because millionaires and billionaires are true friends of the government and they use the banking system to fund their businesses so how can they be fed up with a system that benefits them?

Quote from: Outhue on December 04, 2022, 07:42:31 AM

They monitor you when you made some deposits in the bank.

They sit you down and start asking questions when you are ready to use your hard earned money.

They use your money behind your back to invest for themselves.

This is why I strongly believe that Bitcoin will forever keep it's value intact, do make sure that you at least have 50% of your fund in Bitcoin, whatever your crypto dream might be make sure Bitcoin has its place in your hardware wallet.

Ideally Bitcoin gives us freedom but everyday life will always be about fiat and that is in the banking system so we will go back to bank and hard to avoid.
50% is too much for most lower-middle class people who can only make money for their daily lives without being able to save.

Taskford

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Quote from: Outhue on December 04, 2022, 10:05:12 AM

Quote from: Taskford on December 04, 2022, 09:29:19 AM

Quote from: Outhue on December 04, 2022, 07:42:31 AM

The only thing that keeps giving me the freedom vibe right now is Bitcoin.

Well temporarily maybe yes but don't really on it only since it could also make you broke if you do mistake on your investment.

Quote from: Outhue on December 04, 2022, 07:42:31 AM

Bitcoin is the only innovation that keeps me a bit ahead of the Government.

Government still ahead because one law pass against bitcoin and it will stop everything.

Quote from: Outhue on December 04, 2022, 07:42:31 AM

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

They control the government on some parts of the country and also they do monopoly so I guess they are not sick with banking system since some billionaires own the bank. Maybe they are sick with bitcoin because they somehow cannot take full control on this creation.

One law passed against Bitcoin will stop everything?

Why haven't that happened yet? The only thing the government keep alive is what they are benefiting from.

Bitcoin has died too many times already, I can't wait to see that happening over and over.

It already happen on some country like China,Egypt,Bangladesh and many other country. They have zero to limited access to cryptocurrency so if this will happen to other country to then provably we can see a stoppage due to law passed against it.

Maybe it didn't happen yet on some country because they don't see the worst yet and see that for now this is beneficial to their countrymen.

Bitcoin hasn't died this word is only used by people who want to scare new investor so that they can create panic and take advantage on certain situations.

dataispower

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Quote from: Outhue on December 04, 2022, 07:42:31 AM

The only thing that keeps giving me the freedom vibe right now is Bitcoin.

Bitcoin is the only innovation that keeps me a bit ahead of the Government.

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

They monitor you when you made some deposits in the bank.

They sit you down and start asking questions when you are ready to use your hard earned money.

They use your money behind your back to invest for themselves.

This is why I strongly believe that Bitcoin will forever keep it's value intact, do make sure that you at least have 50% of your fund in
Bitcoin, whatever your crypto dream might be make sure Bitcoin has its place in your hardware wallet.

Giving an advice that half of people's funds should be in bitcoin is not ideal. That is your personal opinion. There are many other investment you can go into to. Imagine putting half of your funds on bitcoin and the market happens (in an unfavorable way).
Some people would definitely invest more than 50% of their funds in bitcoin, others might invest 10%, it's a personal decision and everybody does what suits them based on their research, experience and intuition.

Aanuoluwatofunmi

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Quote from: Outhue on December 04, 2022, 07:42:31 AM

The only thing that keeps giving me the freedom vibe right now is Bitcoin.

This is not limited to you alone but on every one of us who hads made the right decision by choosing bitcoin to invest on than any other available cryptos.

Quote from: Outhue on December 04, 2022, 07:42:31 AM

Bitcoin is the only innovation that keeps me a bit ahead of the Government.

I know if governments could have something they can do or use to stop bitcoin from existence they would have done that, but this has always been their imaginery dream which will never come to pass because Satoshi has made it all completely decentralized.

Quote from: Outhue on December 04, 2022, 07:42:31 AM

I am sure that some millionaires and billionaires out there are already sicken of the government and it's banking system.

They were indeed, just that only fee of them could comes out to identify themselves, they still fear the freedom they had been given.

batang_bitcoin

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It's really portraying freedom. The government cannot even touch its network but those that are working and having their business that requires and supports bitcoin, that's where they can have their own intervention which is what we've known as the regulations.
We don't know how many millionaires and billionaires are here already, I mean those that are wealthy already that have started to invest in bitcoin. But we're sure and there's no argument that bitcoin have generated a lot of millionaires and billionaires already. Bitcoin generated the more wealthy people than any other asset if I'm telling that correctly. It is the asset that's no doubt is greater than the existing one being a store of value. We just have to accept the fact that the banking system is like that, and bitcoin is breaking that system because everyone who has a wallet and owns bitcoin is their own bank.

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