Topic: how much do you love bitcoins? - page 3. (Read 1264 times)

Love is a word that I reserve for my family, friends and pets, so I do not love bitcoin, I see bitcoin as an incredible invention and a useful tool to resist the terrible economic decisions that governments all over the world are taking, and the only reason I would stop holding bitcoin is if for some reason it was changed to something that went against its ideals, the rest of your questions can be answered by simply saying that I will always put myself first, after all if I do not do it then who would? So I am not willing to go to jail over bitcoin or lending so much money that it will put my own financial future at risk, still I have never linked my identity to my bitcoin holdings, so even if the politicians on my country went crazy and passed a law like that, I am relatively safe.

No, my wife doesn't know about this post till now but if she knows she won't cook rice for me anymore so I have to starve.
Yes, it is true that one should not be afraid of losing by investing in Bitcoin but should be patient and wait for the next market correction. I am now waiting for the next market correction and it remains to be seen how long this wait will be.

I love Bitcoin because it’s real money, it can’t be counterfeited & no more can be printed. It’s decentralised, no individual or small group of assholes have full control of it. There isn’t really anything I don’t like about Bitcoin, most of my money is invested in Bitcoin.

How much do you love a computer, a lathe or a paint brush? Bitcoin is not a girl to be loved. Bitcoin is a (financial) instrument that performs certain functions.

As soon as this financial instrument ceases to fulfill its functions, it seems to me that there is no point in continuing to use it.

Another thing is that bitcoin can be used to use several functions (speculative, investment instrument, cross-border money, and many others).

This question is similar to the question “who do you love more? Mom or Dad?” It seems strange to me to talk about bitcoin in the context of love. Do you love dollars, euro or yen? But this is just a means of payment and exchange of goods and services.

If bitcoin is pursued by governments, arrests will certainly not be limited to one day.

People move from one country to another, where the business environment is more favorable, and therefore, moving to another country due to restrictions on investing in bitcoin I don't consider it something fundamentally different.

There are too many unknown variables in your question. The final decision about help will depend on many factors: what is the situation in which the person in need finds himself, what is the relationship with this person and whether he is worthy of being helped. Counter question: will you help financially a lazy person or a idler or a gambler with a gambling addiction? Are you ready to sponsor their entertainment and senseless purchases and waste of money while sacrificing your financial interests?

I don't know if this is an exaggeration or not because you said you like bitcoin more than your own wife, I hope your wife doesn't read your post. But no matter how much we love Bitcoin, we still need to have good controls so you can invest in Bitcoin responsibly. Afraid of loving you too much, you don't think about your wife's needs because all her money is invested in bitcoin. So when there is a decline you will panic and sell bitcoin which causes you to experience a loss.

If you are a Bitcoin lover, dumping shouldn't make you lose, in fact it's a good idea to be able to buy more at a cheap price. Because as long as you don't sell bitcoin you won't lose, so hold onto bitcoin until your goal is achieved.

How could bitcoin be a threat to your country? It would be pretty hard for bitcoin to become a threat to anyone to be fair. It is a good thing, it also allows people to see and understand how financial system really works on a smaller scale, because you get to see a single market and you get it. Think about all the people in the world who got richer and richer thanks to stock market, and that exists in every nation because every nation has their own companies and economy.

Now, we have just one market, which is crypto market, it works from all over the world, and you get to be able to invest into it, and learn how the system works. We basically made our own system when the stock market business people didn't accepted us into their world.

governments will not be able to control the development of Bitcoin in their countries. Currently, Bitcoin is increasingly popular both for those who trade and for those who invest. The more people's trust in Bitcoin increases, it will show that Bitcoin is increasingly accepted and liked.

actually, the government can still take taxes from this industry. not on Bitcoin holders who will be very difficult for the government to control. but on those who trade on local exchanges. those who make withdrawals and it will be charged to the exchange. The effect is that trading costs have increased and even exchange withdrawal fees have become more expensive.

There is no doubt for people who have made big profits in bitcoin so they can buy whatever they want. There is even a new trend of people who have just invested their money in bitcoin now, such as the equation of increasingly widespread adoption. It is not without reason that people increasingly believe in this asset because from the beginning of the journey until now, bitcoin has provided real evidence of maintaining value so that money will continue to be productive if placed in bitcoin.

A person who is consistent with investing in bitcoin must have experienced financial changes for the better, but they must dare to survive in any condition. Some people may actually sell back when the market is down and it is based on panic because they do not know the cycle process that is occurring.

The first part got me rolling in laughter, but to the serious one I think I’d personally leave my country if I and my families lives are at risk because of holding Bitcoin.
Some countries already look like they might be on this path, Nigeria arrested some Binance employee’s for silly reason if you ask me although some took a back door out the country.
What I’m saying is if my country makes Holding Bitcoin a crime worth jail term and I’ve got the means to relocate my family and I then why not what has the country done for its citizens to warrant such ridiculous law.

As long as Bitcoins aren’t a threat to my country, I will definitely invest and trade in the coins. The main reason for which the government is hating bitcoins is due to not being able to collect the tax from the coins. This seems not to be harming the nation in any manner. Moreover, first of all, we need to see our growth, then the country’s growth. So it’s fine investing in the coin. Bitcoins have given huge returns in the past few years; hence, the love for Bitcoins will always be there in the heart for all the investors and traders.

That depends on your faith in bitcoin. I agree that there are some people who, after making money, will leave the market and choose another path, but there are also some people who stay and continue their investment journey. It can be said that it all depends on each person's thoughts and vision.

I made profits during the 2021 bull run and then I also started accumulating bitcoin from the bear season from 2022 until now, and I wouldn't mind repeating that in the future. I don't see any reason to panic when I see bitcoin drop more because that's how financial markets work and how we make profits. But one difference is that I will not invest all my money in bitcoin like many years ago, instead I will diversify with other assets.

Love is not madness; there are things we do for life. There are things we don’t do, regardless of how much we love them, for example. Know I like bitcoin, and the love I have for it won’t stop now unless we stop existing, but for all these conditions you are bringing now, we don’t pray for such things to happen, but if they do, seriously, I won’t do it because I have myy own personal reason I will no go, although especially the one of sleeping in the prison yard that is kind of Something, which you also know will be hard to do in someone's life, although I don’t know for others, is impossible to me.
 

I love Bitcoin more than my wife because I spend far less time with my wife than I do with Bitcoin.  So I can say without a doubt that Bitcoin has taken over most of the time in my life.  But in the current situation Bitcoin is giving me a lot of panic because in this dumping situation I have invested more than 1000 dollars in Bitcoin and now I am in loss instead of profit.

Of course when I don't have additional income I will stop buying bitcoin, because for me, without additional income, buying bitcoin will backfire on me when my needs are not met. Not holding bitcoins anymore when I need them most. Because bitcoin is the best money, our goal in investing is also to make a profit and when I get the profit I want I will sell and buy again when the price goes down.

This is a difficult choice, but I will continue to follow government regulations. But I think this question is too much. Because bitcoin has no government control, it is free and private. Even if the country prohibits it, we can still hold Bitcoin and can still invest.

Doing dca on bitcoin is good, especially in the long term. However, if my family or closest friends need money because of an urgent need, I will help them first. I really like bitcoin but I also don't want my family or friends to have needs but I won't help, especially if it involves lives. Of course, delaying doing dca is a wise choice because doing dca can be done at any time but helping family or close friends is considered much more important.

One may not be able to express his true love completely on bitcoin not until they have invested in it, people use to say that, where your treasure is lies your heart, if your a bitcoin holder, then you will realized the relevance of your asset, holdings and how profitable its going to give you some earning opportunities, this will all be part of the reasons why you would make it a priority towards taking everything concerning it with all seriousness, because with bitcoin, you cant afford to make mistakes as such could cost you, people love bitcoin mostly because of the opportunities it provides for them to make profits and also have privacy and control over their digital currency.

I know Bitcoin can change the life conditions of anyone who believes in Bitcoin's potential, but is what you are saying really true? Because so far some people are still afraid to buy again when they see a big price correction in Bitcoin even though those people have made quite a profit when the price increased. I believe in people being able to build a house after getting more profits through Bitcoin, as well as people being able to buy a car and open the real business they want. But I still don't believe in the action of buying back Bitcoin when I see a decline in the market, although there are also quite a few people who take advantage of this when correction conditions start to hit the market.

Everyone that have invested or even do trading will take serious and be committed to it because the moment you show commitment so your skills will also improve the same time. And who will not love bitcoin for long now their people that have stocked to their investments, and they don’t do any other thing even jobs they are so committed to trading or holding bitcoin and their is no other love that anyone can show than to trust what ever they have faith in, because if you don’t love your investment their is no way you can succeed, and bitcoin have been available since 2009 and see the great thing bitcoin have accomplished for them self, this is just a sign that you won’t lose when you invest in bitcoin. And if you either do short or long you will still make money if you follow the due process.

Not only health, life...many things in this world are many times more important and valuable than bitcoin. After all, bitcoin is just money, nothing more and nothing less, and making money after losing it is not too difficult but there are things that once we lose, we will never find again. So OP comparing bitcoin to patriotism or helping loved ones is a lame comparison.

But it cannot be denied that I have seen some people doubt their closest relatives because of bitcoin, they consider bitcoin above all else, even the love between parents and children, husband and wife...They give up everything around them and only have bitcoin, bitcoin in their head, and that makes them no different from someone who only knows money.

Humankind is more important than any riches that I can get, I would had already had some Bitcoin that I can hodl if I give out the money to help someone in need of it. Sickness can lead to death and I would not want that to happen to someone that I know because I would still have to contribute to the burial of the person so why did I not help when they were sick instead of waiting until they die before I helped in the burial. I love Bitcoin but my love for Bitcoin can not be more than the love I should have for people around me. If I only love Bitcoin, it would be that I am obsessed with money and greedy to only want to make money. I coud be in the same situation in the future and I would want my health to be considered first therefore I will help with my money.

I don't love it, but I have enough understanding to trust and put my investment on it.
Maybe when the time comes that I am comfortable with the profit I made on investing in Bitcoin, but to completely stop holding Bitcoin, I don't know, it depends on the situation, financially, ie..

No. As I said, I have trust on it. If ever there will be a restriction coming from the government, I will make a move to make myself safe from getting involved like avoiding any crypto sites who have KYC. Most likely it will be the reason for getting tracked in this kind of scenario.

No, because I believe that if I want to help my family, close family member or anyone I know, I should help myself first. Skipping the planned DCA or the investment might greatly affect the plan and financial status I'm expecting. It will be a no good for me and this kind of situation, especially in our country where a family member will ask for a financial help, the money they owed will never be paid. It's only a miracle if ever they pay you the money back.