Topic: People have a complete misunderstanding of Bitcoin. (Read 397 times)
I can feel a bit of the message that the OP shared here, and what I noticed about the way government intervention in this field is mentioned, is probably a bit out of topic but this issue should probably be viewed in a positive light. Like we can mention some El Salvador cases in terms of how they support Bitcoin, I'm not too harsh on decentralization and centralization, because I feel they both need to exist to bring balance. equal. But anyway, I just want to express more about how we don't have to misunderstand, because the nature of bitcoin includes everything we know and don't know, as certain terms are mentioned, it also includes everything we know and don't know. just as we use to interact, and I'm not sure if I'm seeing this correctly, but I always have a feeling that the value of data is something that we'll value more, but before that process is will still go through the same stages related to material values as at present.
I know someone that will continue holding their Bitcoin even when the price is high, they will keep holding because they don't know when to sell or when to keep holding. Cryptocurrency need understanding of the market for one to keep making money from the market.
The market can be confusing sometimes but it is still better we keep holding rather than trying to sell when we supposed to hold.
In case we misunderstood the market, it is better for us to ask questions to get clarification.
The market can be confusing sometimes but it is still better we keep holding rather than trying to sell when we supposed to hold.
In case we misunderstood the market, it is better for us to ask questions to get clarification.
We should obtained hints that will be helpful for everyone. We get clearer clarification when it involves the system. The market becomes clear for those strategic traders, always planning two steps ahead and keen on winning their targets all time. Perhaps there's room for losses but it doesn't mean they would relent, always eyes on the target this season. The market is complicated and not every trader understands the full operation of the market, making them missed out on the golden opportunities.
People have a complete misunderstanding of Bitcoin. They think of the 'bit' in Bitcoin as the bit in computer language. And, to some extent they are right. But the 'bit' is so much more than that, and in some ways, so much less. Here's what I mean.
Never mind things related to the technical understanding and understanding of Bitcoin, just general things, many people misunderstand, or simply don't want to really understand Bitcoin. Because they believe more in various positive news about Bitcoin and will always believe more in it. In this case, not everyone wants to accept Bitcoin, that's the point. So misunderstandings are very likely to happen. It's just that, sometimes what is quite difficult for us to understand is that no matter how we implement it, those who don't like it, will continue to think like that and make it seem as if the misunderstanding is being continuously maintained continuously, without you revising their understanding. This is actually quite funny, but it does happen sometimes. . while Bitcoin, it's still not what they think. It's just that they revised it to understand it better.Just give them time to learn on their own. No one can oblige anyone to understand this market. It is their own prerogative whether to learn more about this market or not before investing. In time, they will learn how to deal with this asset, if in case they will explore their opportunities here.
And for sure, a lot of crypto users don't know the technical part of bitcoin. Most got involved here without knowing the history of btc and other technicalities, and yet, they are earning profits. It goes to show that you don't need to be a technical person to be in this market, but it goes a long way if you will educate yourself with information related to this market.
From what I've found, the vast majority of people whom own bitcoin simply do so for "profits". I even see a lot of that here. From day one what made the most sense to me was to study it, and how it functions. I can't imagine investing my money in something and not having done any research on it.
The problem is people just want to make money. Well, most. But I'm not sure how we can make any changes with that.
I guess we have to live with that and accept that people have more greed for money than knowledge. And that’s normal for everyone here since we are all greedy in different way. The important thing is when it comes to bitcoin, you should be greedy with knowledge first and eventually good profits will soon to follow. Acquire a lot of learning for bitcoin first so you can maximize your advantages and opportunities that only bitcoin has to offer. The problem is people just want to make money. Well, most. But I'm not sure how we can make any changes with that.
People have a complete misunderstanding of Bitcoin. They think of the 'bit' in Bitcoin as the bit in computer language. And, to some extent they are right. But the 'bit' is so much more than that, and in some ways, so much less. Here's what I mean.
Never mind things related to the technical understanding and understanding of Bitcoin, just general things, many people misunderstand, or simply don't want to really understand Bitcoin. Because they believe more in various positive news about Bitcoin and will always believe more in it. In this case, not everyone wants to accept Bitcoin, that's the point. So misunderstandings are very likely to happen. It's just that, sometimes what is quite difficult for us to understand is that no matter how we implement it, those who don't like it, will continue to think like that and make it seem as if the misunderstanding is being continuously maintained continuously, without you revising their understanding. This is actually quite funny, but it does happen sometimes. . while Bitcoin, it's still not what they think. It's just that they revised it to understand it better. 
I know someone that will continue holding their Bitcoin even when the price is high, they will keep holding because they don't know when to sell or when to keep holding. Cryptocurrency need understanding of the market for one to keep making money from the market.
The market can be confusing sometimes but it is still better we keep holding rather than trying to sell when we supposed to hold.
In case we misunderstood the market, it is better for us to ask questions to get clarification.
The market can be confusing sometimes but it is still better we keep holding rather than trying to sell when we supposed to hold.
In case we misunderstood the market, it is better for us to ask questions to get clarification.
It's no wonder that people know so little about investing in Bitcoin. In fact a lot of them don't know anything about investing in fiat currencies either.
They got some informatiom that investing in Bitcoin could be lucrative but to often they think that profit comes just from holding Bitcoin in wallet, they don't know anything about the market and how it's functioning. There is still a long way to go for people to understand how crypto is working, it's still to often mistaken by fiat currencies.
I think the reason why most people have complete misunderstanding of bitcoin is because they don't have any idea about bitcoin,they always go with it the wrong way. Before you go into something first thing you should do is to know exactly what the thing is all about, if there's anything you don't understand you can seek for help from experience person I'm pretty sure they will explain to you on how it works.
From your content everyone reply to the part which they understand and I will dwell on the first paragraph. "bit" can be connotation and denotation, and "bit" in bitcoin could be from the computer language term which Satoshi Nakamoto coin from the programming aspect to create the digital currency. "bit" is the small part in normal sense and in the binary language, it counts from 0-1.
And when we come to the transaction part of it, if we are transacting within non custodial wallets then that becomes private but if we are doing it in exchange then it I no more private again and government will have access to it if the exchange reveal the customers data.
And when we come to the transaction part of it, if we are transacting within non custodial wallets then that becomes private but if we are doing it in exchange then it I no more private again and government will have access to it if the exchange reveal the customers data.
I know someone that will continue holding their Bitcoin even when the price is high, they will keep holding because they don't know when to sell or when to keep holding. Cryptocurrency need understanding of the market for one to keep making money from the market.
The market can be confusing sometimes but it is still better we keep holding rather than trying to sell when we supposed to hold.
In case we misunderstood the market, it is better for us to ask questions to get clarification.
Intending to hold you must have convinced your self that overtime you will make your return. And what ever the circumstances might be people holding are not really bothered all they keep there eyes on making money. And holding is a lot of work because you can not really determine when the price of bitcoin will go up in the market. Your mind have to be more prepared to be able to hold. The market can be confusing sometimes but it is still better we keep holding rather than trying to sell when we supposed to hold.
In case we misunderstood the market, it is better for us to ask questions to get clarification.
And if the price is high you start having feelings wether to sell or to keep, because it might be that when you sell the price might increase. If the price is high then you can sell and if the price is low you can keep holding till the price has gone up. The aim is to make profits, and once that is archived then you can sell, without wasting much time.
I know someone that will continue holding their Bitcoin even when the price is high, they will keep holding because they don't know when to sell or when to keep holding. Cryptocurrency need understanding of the market for one to keep making money from the market.
The market can be confusing sometimes but it is still better we keep holding rather than trying to sell when we supposed to hold.
In case we misunderstood the market, it is better for us to ask questions to get clarification.
The market can be confusing sometimes but it is still better we keep holding rather than trying to sell when we supposed to hold.
In case we misunderstood the market, it is better for us to ask questions to get clarification.
When does government control at least some of the Bitcoin activity? When it is public, right? Like Coinbase, and their relationship with anybody who uses their system.
But you and I can transact privately in Bitcoin, and nobody in government might even know about it. If there isn't any memo in the blockchain record, the reason why we transacted is known only to the two of us, except when we make it known to others. It's private, between you and me, and nobody can interfere, not even government.
But you and I can transact privately in Bitcoin, and nobody in government might even know about it. If there isn't any memo in the blockchain record, the reason why we transacted is known only to the two of us, except when we make it known to others. It's private, between you and me, and nobody can interfere, not even government.
They want to get involve in every transaction so they can still taxed it. Where money flows, government always want to find away to chip away something from it. That's the point of Bitcoin just to perform person to person without any person in the middle. However, there's just a great risk of not verifying if the transaction would be legitimate and the reasons for transaction is for good.
The point here is cryptocurrency as whole remains double edge sword. It can erase someone's whole asset if they don't be careful, and can also 10x or 100x their invested money if putted the right action in the crypto space.
We can all send and receive our cryptocurrencies from decentralized wallets that anyone can create. I could create one right now and the odds of it being me is 1 in 8 billion. Not just using them for receiving and sending money but equally using decentralized exchanges which no one can tell who is selling and when you receive money to your bank, no one knows what business you had with the sender or why it was sent to you.
Yes, but. If you buy a car from Pete, and you pay for it with Bitcoin, and Pete ships it to you from Montreal, where does he get the money to pay for shipping if you don't pay him first? And how do you know he is going to ship it if he has your money?
The point is safety and security... all of it without governmental or banking regulation. And that means privacy so that they don't even know you did it. But if they find out that something was done, how do we keep the details quiet?
Private escrow clubs?
But even if you decided to pay Pete in fiat, you still have to send him money so he can start the shipment, how are you also sure that he’ll make any move since he has your money. It’s not a Bitcoin problem but an online business problem. Best that I can think of is having reputable escrow companies. Because Pete wouldn’t send you the car just because you sent enough money to ship it. But with a reputable escrow company, the funds can be in escrow, Pete finds a way to send the car since he has assurance of the money.
I don't know if there is ever a privately sealed transaction as in you're absolutely leaving not a single trace behind. The same goes with security. There might not be absolute security even with Bitcoin. The act of purchasing itself means you're already linked to another person in one way or another. The payment would be another and then there's the act of shipping. Claiming or picking up what shipped to you is another instance that may compromise your privacy. You're doing this countless of times. Each time increases the possibility that you'll be known.
We can all send and receive our cryptocurrencies from decentralized wallets that anyone can create. I could create one right now and the odds of it being me is 1 in 8 billion. Not just using them for receiving and sending money but equally using decentralized exchanges which no one can tell who is selling and when you receive money to your bank, no one knows what business you had with the sender or why it was sent to you.
Yes, but. If you buy a car from Pete, and you pay for it with Bitcoin, and Pete ships it to you from Montreal, where does he get the money to pay for shipping if you don't pay him first? And how do you know he is going to ship it if he has your money?
The point is safety and security... all of it without governmental or banking regulation. And that means privacy so that they don't even know you did it. But if they find out that something was done, how do we keep the details quiet?
Private escrow clubs?
We can all send and receive our cryptocurrencies from decentralized wallets that anyone can create. I could create one right now and the odds of it being me is 1 in 8 billion. Not just using them for receiving and sending money but equally using decentralized exchanges which no one can tell who is selling and when you receive money to your bank, no one knows what business you had with the sender or why it was sent to you.
BISQ transacting is only in small amounts. People realize that there isn't any safety when you must trust.
This brings us to the question of decentralization. Is Bitcoin worth it as a usable buy/sell currency between people if there isn't any way to trust? The banking system has built up a method of trust between little people. They keep people honest by being honest, themselves... by forcing honesty among people.
Now, I don't mean that the banking system is conscionable on the big scale. But even there, they follow their own wise rules as much as they can. And the result is safe money. But it costs a lot, which goes to the banks.
The point is, how do we make Bitcoin safe, yet keep it out of regulation. I mean, even if two people do a face-to-face, private, Bitcoin transaction over their cellphone wallets, if one of them doesn't like the way it worked out, he goes to the government with a complaint in the courts, and makes the whole thing public this way.
Is there a way to keep it safe and private?
This brings us to the question of decentralization. Is Bitcoin worth it as a usable buy/sell currency between people if there isn't any way to trust? The banking system has built up a method of trust between little people. They keep people honest by being honest, themselves... by forcing honesty among people.
Now, I don't mean that the banking system is conscionable on the big scale. But even there, they follow their own wise rules as much as they can. And the result is safe money. But it costs a lot, which goes to the banks.
The point is, how do we make Bitcoin safe, yet keep it out of regulation. I mean, even if two people do a face-to-face, private, Bitcoin transaction over their cellphone wallets, if one of them doesn't like the way it worked out, he goes to the government with a complaint in the courts, and makes the whole thing public this way.
Is there a way to keep it safe and private?
What other alternatives might there be to using a public exchange? How can we turn media apps - like Telegram - into private Bitcoin transfer places that might 'push' Bitcoin into private use among a lot more people?
Everything went to private transfers if there were no scammers taking advantage of it but sadly, they are ruining this. I'm not sure if this is a sort of misunderstanding because what I see is that they just want safety assurance in all of their in/out transactions.
It's time that we start to properly understand how we can totally bypass government and banking through privacy laws and rules. By going through public exchanges, we are sticking ourselves right into government. As a possible alternative, consider BISQ and BISQ 2.
If you want to bypass banks, it means you must trade face to face because you need to receive the cash on hands instead of bank transfer or other payment processor.Quote
What other alternatives might there be to using a public exchange? How can we turn media apps - like Telegram - into private Bitcoin transfer places that might 'push' Bitcoin into private use among a lot more people?
Using an inbuilt wallet in a wallet is bad decision, you don't even know how safe it's, especially they mostly centralized and didn't give you the key. Take a look someone lost access to his wallet due to Telegram ban his account Becareful with telegram wallet! . People have a complete misunderstanding of Bitcoin. They think of the 'bit' in Bitcoin as the bit in computer language. And, to some extent they are right. But the 'bit' is so much more than that, and in some ways, so much less. Here's what I mean.
The bit in the mouth of a horse can turn the whole animal at the will of the rider. But if all you have is the bit, it will fall right out of the horse's mouth. You also need the bridle if you want the bit to be able to do it's job. And you need the reins if you want control.
What is the bridle in Bitcoin? To some extent it's the blockchain. And what are the reins? They are the extent that the rider allows himself to control the horse, with or without the control of government or banking. It's up to the rider where he wants to sit in the saddle... in control of the horse, or under the thumb of government.
When does government control at least some of the Bitcoin activity? When it is public, right? Like Coinbase, and their relationship with anybody who uses their system.
But you and I can transact privately in Bitcoin, and nobody in government might even know about it. If there isn't any memo in the blockchain record, the reason why we transacted is known only to the two of us, except when we make it known to others. It's private, between you and me, and nobody can interfere, not even government.
This might sound funny regarding Bitcoin, but read the short article, "Properly Adjusting a Bridle: How to Fit a Western Bit" - https://www.aqha.com/widget/-/properly-adjusting-a-bridle - and think about how to apply the info to Bitcoin and your transacting using it.
It's time that we start to properly understand how we can totally bypass government and banking through privacy laws and rules. By going through public exchanges, we are sticking ourselves right into government. As a possible alternative, consider BISQ and BISQ 2.
What other alternatives might there be to using a public exchange? How can we turn media apps - like Telegram - into private Bitcoin transfer places that might 'push' Bitcoin into private use among a lot more people?
The bit in the mouth of a horse can turn the whole animal at the will of the rider. But if all you have is the bit, it will fall right out of the horse's mouth. You also need the bridle if you want the bit to be able to do it's job. And you need the reins if you want control.
What is the bridle in Bitcoin? To some extent it's the blockchain. And what are the reins? They are the extent that the rider allows himself to control the horse, with or without the control of government or banking. It's up to the rider where he wants to sit in the saddle... in control of the horse, or under the thumb of government.
When does government control at least some of the Bitcoin activity? When it is public, right? Like Coinbase, and their relationship with anybody who uses their system.
But you and I can transact privately in Bitcoin, and nobody in government might even know about it. If there isn't any memo in the blockchain record, the reason why we transacted is known only to the two of us, except when we make it known to others. It's private, between you and me, and nobody can interfere, not even government.
This might sound funny regarding Bitcoin, but read the short article, "Properly Adjusting a Bridle: How to Fit a Western Bit" - https://www.aqha.com/widget/-/properly-adjusting-a-bridle - and think about how to apply the info to Bitcoin and your transacting using it.
It's time that we start to properly understand how we can totally bypass government and banking through privacy laws and rules. By going through public exchanges, we are sticking ourselves right into government. As a possible alternative, consider BISQ and BISQ 2.
What other alternatives might there be to using a public exchange? How can we turn media apps - like Telegram - into private Bitcoin transfer places that might 'push' Bitcoin into private use among a lot more people?
it's interesting that this week Telegram announced that they want to turn stickers and emojis into NFTs and it has a wallet where transaction can be done inside the app.
The problem is people just want to make money. Well, most. But I'm not sure how we can make any changes with that.
In this case, I agree that you must first understand before entering the meaning of setting goals to enter this crypto world and try to change our way of thinking more advanced and totality and too quickly press the calculator to think about the profit first.
In fact, nowadays quite a lot of losses due to trading with mistakes are mostly always at the same point Even though there are many big desires to be achieved if they have profit from Cryto like BTC such as wanting to help family finances, send their children to higher levels and others as such.
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