It is good to us because you can share your knowledge even you have a digital gap which is the gap of technology from the age of young and the other generation.
You can research what you want to know and also sharing it to us to have more idea from bitcoin and also for the future purposes.
Topic: I just turned 40 today and want to be part in BTC Community (Beginner) (Read 592 times)
October 30, 2019, 12:04:00 PM
October 30, 2019, 08:22:38 AM
What to say, better late than never. 
Actually, it's never too late to join Bitcoin community. Just make sure that you collect all necessary information and knowledge before you get into action. Don't rush with decisions and don't copy everything you see that others are doing, try to find your own way.
Actually, it's never too late to join Bitcoin community. Just make sure that you collect all necessary information and knowledge before you get into action. Don't rush with decisions and don't copy everything you see that others are doing, try to find your own way.
October 30, 2019, 08:14:55 AM
My father says life begins at 40. The change will be there, but you can still learn any new things including for learning bitcoin.
your father is right because that is what the popular qoute said but i still didnt know why whats behind the age of 40 however there is no age restriction in bitcoin and in crypto . any people in any age can participate on it but of course as soon as its allowed on your place . Quote
I don't think altcoin can have the same position with bitcoin because of altcoin still behind bitcoin. We know that altcoin prices hard to compete with bitcoin and bitcoin still dominating the market. But there is a chance for bitcoin to be gold for the cryptocurrency, and altcoin will be fiat, and I think we already see that is happening now. Bitcoin still is the first coin in the cryptocurrency, and with the altcoin, it works together to change people's life.
alts and btc are both good . both are life changer . both have advantage and disadvantage so i dont feel comfortable when someone compare them if what type of cryptos are better .
@op . grats and welcome here . welcome to the wonderful and colorful world of bitcoin and bitcointalk .
October 30, 2019, 08:04:44 AM
My father says life begins at 40. The change will be there, but you can still learn any new things including for learning bitcoin.
I don't think altcoin can have the same position with bitcoin because of altcoin still behind bitcoin. We know that altcoin prices hard to compete with bitcoin and bitcoin still dominating the market. But there is a chance for bitcoin to be gold for the cryptocurrency, and altcoin will be fiat, and I think we already see that is happening now. Bitcoin still is the first coin in the cryptocurrency, and with the altcoin, it works together to change people's life.
I don't think altcoin can have the same position with bitcoin because of altcoin still behind bitcoin. We know that altcoin prices hard to compete with bitcoin and bitcoin still dominating the market. But there is a chance for bitcoin to be gold for the cryptocurrency, and altcoin will be fiat, and I think we already see that is happening now. Bitcoin still is the first coin in the cryptocurrency, and with the altcoin, it works together to change people's life.
October 23, 2019, 06:03:54 PM
Gold being the btc and altcoins being the fiat is impossible at the moment. At the moment as an alternate to fiat bitcoin is used, which means people are getting transformed from the usage of cards and wallets to cryptocurrency if they aren't accessible with fiat. In this case if there is some congestion in the network in getting confirmation and on other factors instead of bitcoin other altcoins were preferred.
For Op, age is not at all an important thing when it comes to technology adoption. You're free to be a part of the community, and the same is being followed here as well. No one restricts with the age criteria, you learn, you earn and you help others to make use of the technology.
For Op, age is not at all an important thing when it comes to technology adoption. You're free to be a part of the community, and the same is being followed here as well. No one restricts with the age criteria, you learn, you earn and you help others to make use of the technology.
October 23, 2019, 05:55:39 PM
If you look at the current system with gold and fiat, can the crypto space be the same? Gold=BTC and FIAT=Altcoin?
My point is to remove the competition from BTC and another crypto in finding the one who dominates all, why not BTC be the Gold and Altcoins by the FIAT...
October 23, 2019, 11:28:08 AM
You have the same ideas and excitment about the same things that all or almost all newbies had - the possibility of alternative financial system where people are in charge not the banks and governments who print the money.
unfortunately i have to say that this enthusiasm dies down when you research and study the fundementals of regulation in financial world. It begins to fade when people understand the huge hurdles.
unfortunately i have to say that this enthusiasm dies down when you research and study the fundementals of regulation in financial world. It begins to fade when people understand the huge hurdles.
October 23, 2019, 10:47:38 AM
Its good to see people of all age are joining this growing community. I have met people of different age groups talking about crypto in this community.
The community has grown larger everyday with new minds bringing forward positive aspects of crypto as a whole.
According to me there are two reasons why there are so many altcoins in the current market.
1. People are identifying different use cases and developing a coin to solve that problem hence leading to so many coins.
2. Scammers are creating new coins just so that they can scam others and take away their money.
The community has grown larger everyday with new minds bringing forward positive aspects of crypto as a whole.
According to me there are two reasons why there are so many altcoins in the current market.
1. People are identifying different use cases and developing a coin to solve that problem hence leading to so many coins.
2. Scammers are creating new coins just so that they can scam others and take away their money.
Even teenager is actually joining here, I joined here when I was 17 also my friends are here, so this forum really a great help opportunity to everyone, as there is no age requirement, everyone is welcome to join here, everyone is here for us to unite with one purpose and to help each other adopt crypto.
October 22, 2019, 10:51:15 PM
Its good to see people of all age are joining this growing community. I have met people of different age groups talking about crypto in this community.
The community has grown larger everyday with new minds bringing forward positive aspects of crypto as a whole.
According to me there are two reasons why there are so many altcoins in the current market.
1. People are identifying different use cases and developing a coin to solve that problem hence leading to so many coins.
2. Scammers are creating new coins just so that they can scam others and take away their money.
The community has grown larger everyday with new minds bringing forward positive aspects of crypto as a whole.
According to me there are two reasons why there are so many altcoins in the current market.
1. People are identifying different use cases and developing a coin to solve that problem hence leading to so many coins.
2. Scammers are creating new coins just so that they can scam others and take away their money.
Even teenager is actually joining here, I joined here when I was 17 also my friends are here, so this forum really a great help opportunity to everyone, as there is no age requirement, everyone is welcome to join here, everyone is here for us to unite with one purpose and to help each other adopt crypto.
October 22, 2019, 12:43:48 PM
40 is not a lot. I know many people close to that age who are involved. In fact, I know less people below 20 who are into it than people over 30.
Welcome to the forum and I hope you will not get discouraged by FUD and the bears and continue your crypto journey. Good luck and remember to keep your coins safe and avoid scams.
Welcome to the forum and I hope you will not get discouraged by FUD and the bears and continue your crypto journey. Good luck and remember to keep your coins safe and avoid scams.
October 22, 2019, 12:24:54 PM
Its good to see people of all age are joining this growing community. I have met people of different age groups talking about crypto in this community.
The community has grown larger everyday with new minds bringing forward positive aspects of crypto as a whole.
According to me there are two reasons why there are so many altcoins in the current market.
1. People are identifying different use cases and developing a coin to solve that problem hence leading to so many coins.
2. Scammers are creating new coins just so that they can scam others and take away their money.
The community has grown larger everyday with new minds bringing forward positive aspects of crypto as a whole.
According to me there are two reasons why there are so many altcoins in the current market.
1. People are identifying different use cases and developing a coin to solve that problem hence leading to so many coins.
2. Scammers are creating new coins just so that they can scam others and take away their money.
October 22, 2019, 08:45:23 AM
One of the safest ways to get more bitcoins (and altcoins) is to DCA into it. That means Dollar Cost Averaging and is a method to buy some asset regularly, such as weekly or monthly. Your fiat money may not be called dollars but the concept is the same and well understood.
This depends on your own situation and if you have extra fiat set aside to buy a lump sum, that may also be something you want to do, however many will advice to break up your purchase into several buy orders spaced out over several weeks or months.
Pick an amount to buy. Pick a fixed date interval, such as every 2 weeks or every month. On that particular date, buy the amount whatever BTC you can get with it.
Don't try to time the market, just put a buy order, it doesn't even have to be a market buy, but that doesn't hurt as well since at least you know what you're getting.
Finally, whatever exchange you get it from, withdraw to your own wallet. Remember, not your keys, not your coins. Do not leave them on the exchange.
I've only used Bitcoin Core and Electrum for desktops and mobile (android) devices, so those are good wallets that are highly recommended.
It seems like this is the right suggestion so far. Not only is it useful for OP, but I also get its benefits. Previously I also traded in a number of exchanges and I also keep it there. But after what you get from your advice, it seems like storing assets on the exchange is very risky.This depends on your own situation and if you have extra fiat set aside to buy a lump sum, that may also be something you want to do, however many will advice to break up your purchase into several buy orders spaced out over several weeks or months.
Pick an amount to buy. Pick a fixed date interval, such as every 2 weeks or every month. On that particular date, buy the amount whatever BTC you can get with it.
Don't try to time the market, just put a buy order, it doesn't even have to be a market buy, but that doesn't hurt as well since at least you know what you're getting.
Finally, whatever exchange you get it from, withdraw to your own wallet. Remember, not your keys, not your coins. Do not leave them on the exchange.
I've only used Bitcoin Core and Electrum for desktops and mobile (android) devices, so those are good wallets that are highly recommended.
+3
You deserve merit from me, but sorry, now my sMerit is empty.
October 22, 2019, 08:03:54 AM
One of the safest ways to get more bitcoins (and altcoins) is to DCA into it. That means Dollar Cost Averaging and is a method to buy some asset regularly, such as weekly or monthly. Your fiat money may not be called dollars but the concept is the same and well understood.
This depends on your own situation and if you have extra fiat set aside to buy a lump sum, that may also be something you want to do, however many will advice to break up your purchase into several buy orders spaced out over several weeks or months.
Pick an amount to buy. Pick a fixed date interval, such as every 2 weeks or every month. On that particular date, buy the amount whatever BTC you can get with it.
Don't try to time the market, just put a buy order, it doesn't even have to be a market buy, but that doesn't hurt as well since at least you know what you're getting.
Finally, whatever exchange you get it from, withdraw to your own wallet. Remember, not your keys, not your coins. Do not leave them on the exchange.
I've only used Bitcoin Core and Electrum for desktops and mobile (android) devices, so those are good wallets that are highly recommended.
This depends on your own situation and if you have extra fiat set aside to buy a lump sum, that may also be something you want to do, however many will advice to break up your purchase into several buy orders spaced out over several weeks or months.
Pick an amount to buy. Pick a fixed date interval, such as every 2 weeks or every month. On that particular date, buy the amount whatever BTC you can get with it.
Don't try to time the market, just put a buy order, it doesn't even have to be a market buy, but that doesn't hurt as well since at least you know what you're getting.
Finally, whatever exchange you get it from, withdraw to your own wallet. Remember, not your keys, not your coins. Do not leave them on the exchange.
I've only used Bitcoin Core and Electrum for desktops and mobile (android) devices, so those are good wallets that are highly recommended.
October 21, 2019, 11:41:49 AM
there should be a solidarity between nation to be able to push through and take a big step forward, with the current situations countries are so careful making a move, first they should accept digital currency then we move slowly , to our common goal this things cannot be done in one night
October 21, 2019, 11:31:52 AM
Your questions are very interesting, Gold = BTC? My answer is obviously no, they have somewhat similar market behaviors, because gold is scarce, the cost to extract it is high and that is why its price is high, something similar happens with Bitcoin, even its impact can be greater, because the issuance is Finite and defined of only 21 million bitcoins.
FIAT = Altcoin? It is a possibility for the future, because although they are not exactly the same, because FIAT is centralized and most Altcoins are decentralized, in their practical use they can be complemented in a good way.
The power of BTC is in strong demand and is something that has been achieved to some extent, there is still a long way to go.
FIAT = Altcoin? It is a possibility for the future, because although they are not exactly the same, because FIAT is centralized and most Altcoins are decentralized, in their practical use they can be complemented in a good way.
The power of BTC is in strong demand and is something that has been achieved to some extent, there is still a long way to go.
October 21, 2019, 11:07:21 AM
Welcome to the bitcoin and cryptocurrency community.
You are never too old to join as cryptocurrency is for everybody whether young or old.
Some people are saying cryptocurrency is for the young and revolutionaries but it is for everybody.
You are never too old to join as cryptocurrency is for everybody whether young or old.
Some people are saying cryptocurrency is for the young and revolutionaries but it is for everybody.
October 21, 2019, 07:13:08 AM
Weird, I was just under 40 when I got involved in crypto and hey, I never felt I was too old to be getting interested in a new tech thing. I always have had the impression that most members of bitcointalk are in their 20’s (if not younger) and that anyone in their 30’s or older is going to be considered over the hill, but it isn’t true. You are never too old to try new things.
Yes! You motivate me for that. Thanks!
Happy Birthday and welcome to cryptocurrency. I admire how you educated your self and the idea and knowledge you have acquired about crypto as a newbie. Well, not most newbies would even dare about learning basic stuff and would just jump off on "how to earn in crypto." Well, the reason why there are over thousands of cryptocurrencies out there is that, as you have mentioned each cpin has their purpose and function, developers create different coins for deifferent and sepcific purpose. And of course some are just created for profit, only few altcoins existing today has their final product and has real function and use case. That is why as an investor it is your responsibility to dig into the project before investing.
I am looking at some nice projects too, like: $ADA, $XLM or $XRP and $ETH these are for the pump and dump game and i'm staking 50% of my paycheck to $BTC all the way. BTW, any thoughts on this coin $DGB? Their historial data (in price movement) looks promising. I haven't dig in to this tho.
Wishing you a great Birthday first of all and it's nice that older people are entering this space. Well, I am much older and will be 54 years old in January so I will be most probably one of the oldest people on this forum as most as Millennials and younger. I hope you have a prosperous journey with Bitcoin and its peripherals and this forum is the right place to get both an educated and informed overall view on the subject of Bitcoin and the Blockchain. There is a lot of scopes to cover and a lot of promise for the future. Where it all will bring us no one knows, but it's about enjoying the journey as opposed to just the destination. I hope your journey will be a pleasant one a mine wa smuch more difficult to navitate and I have experienced a lot of blunders, but I won't give up though. I think there is huge potential here for everyone to benefit from.
Glad to know you. I commend you for not stopping to learn and still excited at the future.
Before I say happy birthday, actually we can't say bitcoin is gold and altcoin is fiat money because we know that bitcoin and other altcoins are digital currencies that can't be seen in the real world but we know that fiat and gold currencies are something the important thing that we can use in the real world for buying and selling, maybe that's why my personal opinion.
You had the same opinion as the majority was.
since you are new to this world then my advice would be to stay away from altcoins for now. just stick to bitcoin, learn how it works, which wallet suites you best, how to secure your coins, learn the basic concepts such as private keys/cold storage/blockchain/confirmation,... you'll have a lot to learn and it is mandatory to know these things. (you can start from bitcoin.org)
this way you can start the right way and then you can make up your own decision whether to even touch altcoins or not.
this way you can start the right way and then you can make up your own decision whether to even touch altcoins or not.
Since you mention wallets, i don't have PC and only relying on smartphone, which one would you suggest? P.S. Non-custodial preferred.
Gold should not be comparable to bitcoin or fiat becasue Gold is not a currency while Bitcoin /Fiat and altcoins are currency. You can buy things with bitcoins and few altcoins but not with Gold.
Since you are 40, which is not a big age though, why you have come here ? To earn the bitcoins or only to get the understanding of the eco system of the digital currency ?
I want to earn from alts and want to stack more BTC as i am against banks. You know they are just earning from debt, TBH.
This is my opinion about your post, I don't know if I got it correctly but correct me instead if I do not.
Gold = BTC and FIAT = Altcoin is already possible, sell your gold and you'll have your fiat, that you would invest into bitcoin and other cryptocurrency as well, and vice versa, easy as that.
Yes you've got it!
I'm looking for the fiat system to change, which is (i think) the root of all slavery as i realize this when i studied bitcoin and what was really the intended purpose for it.
Well then, you are in the right place. Unfortunately there are a lot of people on this forum who don't care about the reason behind bitcoin, and are only here to chase some altcoin pump-and-dump or get paid for spamming. But there are also many of us who are here because we believe in bitcoin, in its technology, and in its future, and understand why fiat is a sinking ship.Honestly I have read subtopics in this site and majority talking about gains sounded like you said that they would never care for the sole purpose of BTC. As if "whatever this world might take me i'll just ride with it, then spend, party, gettting laid, repeat".
I want to see in my lifetime... fiat will be abolished!
First of all congratulations and happy birthday! Glad to have you here and you might have made your biggest gift to yourself. Getting into a crypto focused community is exactly what you need to grasp the intricacies of this space quickly and of course get your questions answered. Just be careful with how much money you risk if you are going to invest. Bitcoin is a brilliant masterpiece and could get really huge, but there are many factors and variables in this game that could rip your apart so better be careful than sorry.
You can make an analogy of Bitcoin & altcoins with Gold and Fiat currencies as most altcoins are garbage just like fiat currencies are garbage. But other than that most altcoins aren't backed by anything just by poor promises. Now as an advice from me to you: it doesn't matter if you invest or not, but knowledge is a powerful thing especially if cryptocurrencies are bound to become the next payment method for our society.
You can make an analogy of Bitcoin & altcoins with Gold and Fiat currencies as most altcoins are garbage just like fiat currencies are garbage. But other than that most altcoins aren't backed by anything just by poor promises. Now as an advice from me to you: it doesn't matter if you invest or not, but knowledge is a powerful thing especially if cryptocurrencies are bound to become the next payment method for our society.
1st para: Thank you! 2nd para: Well said!
It's my 40th birthday today and I am completely new to crypto since my country of origin is less progressive.
Anyway, I equipped my knowledge 1st before entering into something, most specially with money. I knew the basics on how the system of blockchain works and how the consensus is achieved and how the miners or stakers are rewarded. I have only one concern or doubt tho'(i guess) that why there are plenty of coins out there? I know you'll answer they have different usage like xrp/xlm for easy payment methods, steem for social media websites, eth/ada for smart contracts, etc...
If you look at current system with gold and fiat, can the crypto space be the same? Gold=BTC and FIAT=Altcoin?
My point is to remove the competition from BTC and other crypto in finding the one who dominates all, why not BTC be the Gold and Altcoins be the FIAT...
I'm so sorry for my English and if the thought is very confusing, please anyone can rephrase my question freely if you know what i mean.
NEW to crypto and aging as well but very excited for innovation one specially an innovation to recreate the financial system (or fully ditch fiat), i hate the idea of printing money.
Anyway, I equipped my knowledge 1st before entering into something, most specially with money. I knew the basics on how the system of blockchain works and how the consensus is achieved and how the miners or stakers are rewarded. I have only one concern or doubt tho'(i guess) that why there are plenty of coins out there? I know you'll answer they have different usage like xrp/xlm for easy payment methods, steem for social media websites, eth/ada for smart contracts, etc...
If you look at current system with gold and fiat, can the crypto space be the same? Gold=BTC and FIAT=Altcoin?
My point is to remove the competition from BTC and other crypto in finding the one who dominates all, why not BTC be the Gold and Altcoins be the FIAT...
I'm so sorry for my English and if the thought is very confusing, please anyone can rephrase my question freely if you know what i mean.
NEW to crypto and aging as well but very excited for innovation one specially an innovation to recreate the financial system (or fully ditch fiat), i hate the idea of printing money.
You have to read a lot, but at least you found the right place. I'll give you a hint: stick to Bitcoin and don't mess with anything else, if you decide to buy some bitcoins, make sure you get familiar with everything before investing a large sum, play with very small amounts, learn to make a wallet, an offline cold wallet, etc. Its been discussed plenty in this forum.
Also, don't pay too much attention to the price, after you buy, just sit and wait a few years, you will see how it will slowly keep gaining, because Bitcoin is deflationary (limited quantity), while the fiat coins people measure it with, are inflationary (unlimited quantity).
Keep reading, and enjoy. Remember, many people will have different opinions, and not all are correct and some may even mislead you, even here.
Try to not use the metals analogy, it is inaccurate. There is simply nothing like Bitcoin, once you learn its key features, you will understand why the market gives it such a high value.
All the facts genuinely stated, Thank you very much sir!
Welcome to our community. Good luck to you!
Thanks.
If there's one piece of advice you follow, it's that you take your time to do your own research and make your own conclusions. Start at the beginning: Bitcoin and the whitepaper, work your way to understanding that and that alone, and then you might want to explore other crypto.
And then, form your own opinions and make your decisions. Don't rush into anything. Don't let price bother you. It could boom tomorrow, next year, never. Entering at a good time is less important than entering at a good frame of understanding.
And then, form your own opinions and make your decisions. Don't rush into anything. Don't let price bother you. It could boom tomorrow, next year, never. Entering at a good time is less important than entering at a good frame of understanding.
Surely, i'll take this advice. Thanks.
October 21, 2019, 06:10:16 AM
If there's one piece of advice you follow, it's that you take your time to do your own research and make your own conclusions. Start at the beginning: Bitcoin and the whitepaper, work your way to understanding that and that alone, and then you might want to explore other crypto.
And then, form your own opinions and make your decisions. Don't rush into anything. Don't let price bother you. It could boom tomorrow, next year, never. Entering at a good time is less important than entering at a good frame of understanding.
And then, form your own opinions and make your decisions. Don't rush into anything. Don't let price bother you. It could boom tomorrow, next year, never. Entering at a good time is less important than entering at a good frame of understanding.
October 21, 2019, 06:02:31 AM
You must have joined here a long time ago because at this time the market is not good or say it is disturbed as prices are fluctuating highly but still it is said its never late in this market. So you are welcomed. But your knowledge is not accurate as to you said altcoins = Fiat which is not true as they are volatile but fiat has stable value and can be exchanged for any item.Moreover there is competition among altcoin not between btc as it is king of cryptos and dominates the market.It has potential to rise above lower levels as it is trading at $8500 starting from $3-$4k last year and help boost the price of other coins.
October 21, 2019, 05:36:14 AM
Fiat currency as defined by Wikipedia
https://en.m.wikipedia.org/wiki/Fiat_money
Is that what you want for altcoins? Currencies without intrinsic value? Lol. There are altcoins that kind of qualify as fiat currencies though.
Bitcoin don't really have strong competitors in my opinion. It is more decentralized and is the real cryptocurrency
https://en.m.wikipedia.org/wiki/Fiat_money
Quote
Fiat money is a currency without intrinsic value that has been established as money , often by government regulation. Fiat money does not have use value , and has value only because a government maintains its value, or because parties engaging in exchange agree on its value
Is that what you want for altcoins? Currencies without intrinsic value? Lol. There are altcoins that kind of qualify as fiat currencies though.
Bitcoin don't really have strong competitors in my opinion. It is more decentralized and is the real cryptocurrency
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