Topic: how much do you love bitcoins? - page 4. (Read 1264 times)

I sure like Bitcoin because it helps me receive payments everywhere and anywhere. It's a sure good thing that the limitation banks place on people has been lifted by this technology.

It amazes me how members keep posting here in this thread when the OP does not care about what is happening because he did not receive merits therefore abandoned the thread. It seems members want nothing other than to fulfil their signature quota and they have interest in the low quality posts that have become the norm here.

Maybe only health related problems that can stop me from hodling Bitcoin because when one is going through health condition that can make one lose life, using all the hodling money to solve health conditions is worth because health is wealth and when one is in a good state of health it is possible to continue hodl bitcoin again.
Maybe......I don't think that will make stop me from hodling Bitcoin.  I'll only be careful and be very secretive with my hidling so that it doesn't get known to the public for them to come after me..

If my country will not be conducive for me make investment that will be of good benefit for me then it is better for me to shift to a place where can invest without interruptions.  Even if I decide to stay back in my country their is no gain because I don't think I will benefit from the government,  so it will be better for me to found myself in a new location.

For me, my love for Bitcoin is the same as loving the work I do in my daily life. I view Bitcoin as a very promising investment place for raising money in both the short and long term.

I love your response sir and this is one straight up and very realistic answer op must have gotten here on this thread.
Most persons, especially in a country like mine, are already forgetting that, bitcoin is a decentralized digital currency and as such, can’t be controlled by anyone but I wouldn’t have to blame them if they’re already forgetting this, because with the recent development and actions of the government, it seems bitcoin is already losing its sweet savor of decentralization.

Bitcoin shouldn’t be worth dying for because you’ve been living since before bitcoin was invented and that should be one major reason why shouldn’t die for it.

If your family member has a pressing need for money, it’s left for you to decide to give or not and not making it seem like DCA is the reason why you’re not giving as DCA only requires a consistent buying regardless of the buying amount.

For me, since getting to know Bitcoin in 2017, my financial life has gotten better, especially at that time, there were lots of prizes I got after completing projects. with bitcoin I can realize my dream of having a house and a car, and of course I get capital to open a real business, and of course wait for the bearish season to arrive at that time and buy it back, until finally bitcoin goes up and sells it again in part

before I got to know bitcoin I only knew how to store assets in the form of gold then my friend introduced me to bitcoin for investment I learned and looked deeper about bitcoin then I tried investing in bitcoin not long after I held bitcoin I made a profit now I am sure the turnover of bitcoin investment is great Ordinary, currently bitcoin is very important in my life, almost all the money in the bank I diverted into bitcoin, I believe bitcoin is my asset in the future, I even made some of the bitcoin an inheritance for my children in the future.

Well I love bitcoin let's get that straight, but to the point of fanaticism and being a maximalist even when it comes with ideals? Fuck no. There are people who like bitcoin and see it for what it really is, and then there are people who think bitcoin is the second coming of jesus christ or some shit, and are either argumentative against those who shoot them down on their broken logics, or are spiteful against newbies when the reality is that we've all been brainless idiots in this industry once.

I don't have a love for country, I love what it looks like but not to the point where I would die for it. Same as with bitcoin, I love it because it does something for me but to die and get arrested for it? Nah, I don't want to, miss me with that shit lol.

You are right that government officials tend to be slick when it comes to matters like these. They know what they need to do so that they can benefit from something if they aren't able to get rid of it. Now, suppose they can see that they aren't able to completely eradicate the use of cryptocurrencies among their people. In that case, they will think of regulating them and taxing people who use them instead of trying to keep them away from them.

In our country, so far, they are hesitant to do it, there is no clear ruling about cryptocurrencies or their usage but the State Bank have ordered banks and  other financial institutions to not allow transactions related to cryptocurrencies, so whenever a transaction such as that is found or suspected, the account is blocked and the funds are confiscated.

I'm sure this will change, but it is going to take some time though.

The word love is very deep. Investors or we like bitcoins only purpose is we will make money from it and nothing else. But I don't love Bitcoin so much that I'm willing to go to jail or even relocate for it. Our country government is against bitcoin ie bitcoin is illegal so we have to use bitcoin safely. Many kids have already landed in jail because Bitcoin is illegal. I don't want to be like them.
You have mentioned an important point. There are many investors among us who start investing in DCA method and after a few days they sell their investments due to family financial needs. In such cases, their investment does not last long. Before investing in Bitcoin, plan your investment so that you don't have to sell your investment to meet your family's financial needs. But I will not hesitate to sell my bitcoins if my family needs financial support If he is a close member of my family.

Bitcoin gives a measure of freedom that's all. Love isn't attached to it because it's something inanimate. Bitcoin can hardly even make you rich these days so it's nothing special except to early adopters.

The OP seems to be trying to pass himself off as a regular member with regular concerns but reading his post raises questions. He has the hallmarks of an account that wants merits and wants to rank up. It gets somewhat tiresome reading posts that clearly designed to come across and innocent when there is an ulterior motive behind them.

If the government want to arrest people that are into bitcoin and send us to jail, I will happily continue my bitcoin investment and trading in the prison. After all bitcoin doesn't require a special environment to be traded. Unless we won't have access to our mobile devices in the prison yard. But if they give a particular date before they start hunting people down, I will gladly relocate to a nearby country that's bitcoin friendly and reside there. There is no faking it, my love for bitcoin is very deep. In as much as I love my country, I won't sacrifice  bitcoin for my country. Half of what bitcoin has done for me my country hasn't done it for me.

On your second question, I will never use my investment money and give to anyone who said he/she has a financial challenges. It's just like a farmer who has eaten his seed before the planting season. When the harvesting season will come he won't have anything to harvest because he didn't plant because he has eaten his seed. That relative should go and look for money elsewhere, if my investment brings profits tomorrow, I will help him and pay the debt from the profit I will make. If I give him my investment money, both of us will be poor and nobody will help me tomorrow, so it's better to sacrifice one than lose two at a time.

I love BTC as much as I love my other investments and assets. But my love for Bitcoin can't be compared to each of them as they're all unique and valuable to me so I'd just say that they do have their equal and fair share of my love because if you're into it, you have to love all of them. And the only time that I'll stop investing into Bitcoin is when no one gets to hold it anymore. No individual, no financial institutions that holds it anymore and they've expressed all of their frustrations into it. But that's very unlikely to happen especially today that we've got an ETF of it already.

If it's just for a day, it's fine but if it's going to take my life time or half of my life, that's a different thing to do. I know that our love for BTC was there but it is incomparable to the love that we have for our country. There are people who are going with this rough situation that their country has banned Bitcoin and all they wanna do is to keep it in silent.

Possible, to a country where I can enjoy freedom of holding. Or if not, I'll not tell a thing or two to anyone that I still have it and I'd stay lowkey.

Really depends on the situation but I've done that before without sacrificing my strategy to DCA.

Sometimes, when I enthusiastically talk about purchasing altcoins, people assume I don't like Bitcoin. In reality, I believe the timing for investing in altcoins and Bitcoin differs. Bitcoin tends to perform better in the early stages of the market, especially during a bear market. Currently, it's an optimal time to invest in new and undervalued coins. Bitcoin remains the leader in the crypto market and sets the tone for market speculation.

There are a lot of things one needs to consider before taking hard actions. If someone is earning through cryptocurrencies and they know that the government or the authorities are making things difficult for them, they might think of relocating to another country only to continue earning money, but to do that, one needs to see if they are earning enough money to be able to cover all the expenses and still do good living in the other country.

It is only worth it if you are earning enough money to be able to bear all the expenses including travel, residence, food and drinks, and everything else and still be able to save some money or send money to your family if they aren't moving with you, and if you can't move the family with you, it would only be a temporary thing since you can't live without your family forever.

Too big fear when you want to make an investment will make you lose the opportunity to reach the stage of financial freedom. While other people have been going so far for investment problems in Bitcoin as long as they have the ability to buy. Investment in Bitcoin can be run anonymously and no one knows if you can keep it a secret and most importantly the security that needs to be improved. Moving other countries is not easy because we cannot get citizenship easily, except only moving as people who do not settle and there are many arrangements that we must pay for permission to live there.

Simple because we live not always to rely on investment but sensitive to the environment around the surrounding is also needed let alone related to helping family members. The purchase process using DCA can be applied in accordance with financial capabilities and if for the planned week cannot be purchased then we can take the opportunity in the following week.

What evidence do you have that people are moving to El Salvador and the Central African Republic just because they want to use bitcoin as legal currency? Barriers to language, culture, lifestyle, especially family, will many people be willing to leave their families just to use bitcoin legally? Also, is it easy to move to another country and become a citizen there? Because as far as I know, immigrating and becoming a legal citizen is not easy. Not to mention the security situation and income levels in those countries...there are a lot of things to consider before making the decision to emigrate. I don't think many people dare to do that.

Like you, even a government ban on bitcoin cannot stop you from using bitcoin and intending to move to another country. So I'm really skeptical of anyone who says they're going to move to El Salvador and the Central African Republic just because they want to use bitcoin legally.

By the way, I don't know what the situation is in the Central African Republic, but their attempt to make bitcoin legal tender failed and they made an announcement about it.


https://www.centralbanking.com/central-banks/currency/digital-currencies/7956294/car-to-drop-crypto-as-legal-tender
https://bitcoinmagazine.com/culture/why-bitcoin-failed-in-car

That is exactly why they are not making it illegal, don't you think a nation who has their own currency, would make their currency weaker by allowing another currency to be legal there to be used? Of course they would, but they realized long time ago that if they put time and effort into making people stop using it, they could just tax it and make an income. This is as simple as that, they just realized that taxing and getting money from people is just a much better option.

This is why my nation not only allows you to invest into it and hold it, but allows you to accept it as payment too, not in some crypto way, not a special thing, you can accept dollar, euro, yuan, whatever foreign currency if you want to sell for that, and same goes for crypto in a manner.

It is not as easy as you say because if that was the case, a lot of people would have moved to El Salvador and Central African Republic since these two countries are bitcoin friendly and have made Bitcoin a legal tender. My country has recently become anti crypto and that hasn’t made me consider moving to another country. I can still find ways to trade bitcoin without getting into trouble with the law.