Topic: Post Bitcoin Halving - Rewards, And Risks (Read 192 times)

How rich he is? All those exotic cars doesn't belong to OP, I think you should read the full write up again.

I don't know how OP managed to get these pictures but if there are people doing this around the world they don't know what they are doing.

They are simply exposing themselves to greater risk because everyone around them will know that they are rich right away, and the bad ones will believe that if they can kidnap their family they will make money.

I know that some countries are more secured than others, they can't try this in a new country, they will learn straight away why this is a very bad idea.

The content of the topic is completely different from the title or what is the relationship of Post Bitcoin Halving to by customizing their license plates? In my country, you cannot get letters, but rather an RTA special number plate, where the value of certain numbers is a few thousand dollars, so the matter may not be valid for all countries in the world.

It is not a good idea to announce your Bitcoin wealth publicly because it may lead to you being physically harmed because they try to force you to enter your password or wallet seed details.

It will even be better if the person who in scripts bitcoin logo in their car plate number lives in an environment where cryptocurrency and bitcoin is understand to some certain extent. Atleast they will like to know your holdings before they conclude that you are super rich. If you eventually live where they will think that you are super rich immediately you mentioned that you are into bitcoin, your own is finished. Infact, to those people, $100 in Bitcoin means $100k dollars and you cannot convince them. Those set of people can kill you easily because they will not believe your net worth is a way lower than they imagine.
The best way to leave a bitcoin life is to follow the footsteps of the bitcoin master - Satoshi Nakamato. He is the richest bitcoiner and yet doesn't show off and neither do we know him.

Personally I feel those people doing this things intentionally want to create that public awareness for them selves. You see the whole Plate number thing been in crypto coins, forex pairs or indexes, they are done by mostly traders who called themselves influencers. They mostly do things to attract the public to them or most likely their academy. This is more like their advert of success in trading. If you check their social media handle you will found out that there is nothing private about their lives

This is not just about Bitcoin investors online but anyone who's doing any business that is generating income to him is not supposed to make his wealth public because making it puch will only attract the attention of people who may not totally be happy with such person, the halving is coming up in few weeks which is going to be an opportunity for Bitcoin investors to accumulate some profit the best thing for anyone who becomes profitable as a result of the having to do is to stay low any enjoy the reward of the investment. Having a Bitcoin logo crested in the car or as a customized plate number will be dangerous and it will violate the privacy of the person as an investor, anyone can go on with their enjoyment but not making the source of the income public will not only help you but it will help in the safety of the person too.

It will even only attract the attention of many people to want to know more about how many assets he has, so it will be quite risky for the owner. Look at the robbery case involving people who have digital assets and they become the planned targets. Flexing continuously, especially in public spaces, is not good because it threatens security. I would rather be said to be poor than to be said to be rich at the risk of our own lives.

After the halving has happened, some may be there somewhere enjoying their life and still maintain catching cruise while some may be wandering about without having a specific bearing on what to do concerning the way bitcoin is appearing to be as of that moment, we cannot denied the truth in saying this that not everyone is going to invest and take good use of the bullrun opportunity coming further after the halving in addition to the ones we have already started the year with, if some are not careful, they may be loosing instead of them earning from their bitcoin investment after the halving if they allow fear to take hold of them, especially if the market go bearish a little.

People are free to spend their money the way they want but having a Bitcoin or crypto plated number is like carrying a placard around on the street with the inscription "I'M SUPER RICH", which IMHO is not a smart thing to do. Most people have this impression that everyone dealing with crypto is doing well financially and when you do this, you breach your privacy, draw unnecessary attention and put yourself in danger.

Those that have became rich with Bitcoin are just too quiet and they don't want to get exposure from the public because they're aware of how this world is dangerous nowadays. While it looks cool and all when you're posting the signs that you're a fan or a real holder and investor, I don't think that's real flex nowadays. What I think with many of them are for real, there are the others that are just riding the hype of this bull run and just got in and became enthusiastic because of the season. But wait for them as they go through the bear market, many of those plates will change into their normal ones when they're done or when they can no longer stay on the market because it'll show some slow move and more corrections.

Mining rewards have two parts.

Block subsidy or block reward.
Transaction fee.

Only block subsidy will be halved.
Transaction fee will not be affected by halving and it can increase or decrease after the halving depends on demands from Bitcoin users.

Bitcoin Block Reward Halving Countdown

My bad. Please forgive me. You are correct and I am wrong.
I have edited it and added the right definition with link to it. It is users like you that make us learn better.

When you are explaining or describing something to people who don't know anything about it, you are supposed to make it clear and leave no doubts. The halving doesn't split in half the supply of Bitcoin, but it splits in half the block reward that miners get, which means that the increment in the supply of Bitcoin is split in half. When you say it splits in half the supply of Bitcoin, it sounds like the total supply of Bitcoin will get split in half after the halving which isn't true.


I don't find that approach to be practical, to be honest. If you are already rich, have a lot of money, and have invested in Bitcoin to get more wealth, it's understandable, but if you are struggling in your life, made some investment in Bitcoin, and got some money in the bull run, you shouldn't be buying materialistic goods for your happiness but do something for your future first. All of us love a lot of things, but we can't neglect our future just to get something that we have always wanted to have because that's not the right way to do things.

There is no need of showing off to impress anyone that you are a bitcoin aficionado, because it comes it a big risk. Since I joined this forum and learned about bitcoin, it has made be lived a quiet life, and I have always be on a low key so that no one woukd know that I am into bitcoin investment.

There are a lot of people out there who are targeting bitcoin investors unknown to you, and when you are showing off, it gives them the opportunity to make you their target.

Being talkative about investment in Bitcoin is not good for a person's safety.

Attackers don't even need to know you are a millionaire or billionaire, they will keep their eyes on you if they know you invest in Bitcoin and have bitcoins. Attacks can cause some minor physical damages on your body but worse, you will be killed. There are some reports on death by physical attacks already.

Tax is another problem. I saw many young people who shown their richness from luxurious items and even show their balances. It's nothing more than stupid.

I can be different but I think we have life to live, not to show off to anyone.

If you want to contribute to the community by doing some marketing, there are tons of ways to do that other than exposing how rich you are. Contributing by supporting the development of Bitcoin Core by donation for example is more meaningful than this, or if you want to attract retails you can just buy ads or run a website for education purposes. I guess that's just too much for some people, so they opt to show off since it is easier.

Personally, having another intelligent writer who can educate people through their books or social media is better. You can gain some following, yet at the same time can be low-key. You can even do this by being anonymous/pseudonymous, as long as you're careful and don't use anything related to your personal info with your new account. CMIIW.

In my city I often see a van parked which has the Bitcoin logo and the message "Plan B" on it. The owner is quite an histrionic guy, very well known in the neighborhood, who I can't stand at all

I agree with BlackHatCoiner and Upgrade00: for security reasons, I don't share that need to attract attention to myself and my love for Bitcoin. If I were rich I don't know, maybe I wouldn't care to be known for that, but with just a few hodlings under my belt (and the same in the van's owner's case), it is much better to go unnoticed.

You have just said it all and absolutely the above acquired based on the ascribe automobiles and the other expenditures actually has nothing to do with the halving.
As much as I know, the only risk involved in halving is the traumatic ness of beginners who has made sufficient profits with their Bitcoin holding.
Lot of beginners may not have that ideology to sell off their assets before the halving and gets set to keep reaccumulating during the halving on the DCA method so they could secure more values of their Bitcoin assets before the bull-run is activated just as some other experienced investors may act.

I feel they would be traumatized later finding their appreciated holding has decreased and with the tunes of fear not to have more lost counts, they may sell definitely at the wrong time which could had been better that they just hold their patients and trust the market that they will revive more better when the market volume changes by the bull-run.
The rewards of this halving may only be insighted as an opportunity for more investors to come on board and also giving the opportunities for Investors to accumulate more to their assets.

Just as you said @BlackHatCoiner anyone can actually purchase anyone of the mentioned as much as you have the money and so also, you can customize your rides of others even without being a Bitcoineers.
Moreover, such display can be conic of exposing you to dangers because Bitcoin already is an attractive treasury assets not just to thefts but to the public as a whole where they look Bitcoin holders as multi rich investors.

Aside all that reigns of halving and the bull-run a Bitcoin holder can still afford any of it as wishes.
Personally I would even assume such public broadcasting is a waste of time and resources. Real investors are not so much attracted to living luxuriously when they knows they do not have much of funds accumulated yet so they could maintain the living standard instead they keep to invest more in both accumulations and diversification until a great dreaming height is achieved.

Always self preserve. Your security is paramount and is best protected by avoiding any unnecessary attention to yourself. That being said, if you already drive an expensive car, that in itself is already a potential target for thieves. Whatever means the money was made through doesn't matter to them, only how to convert it for themselves.

It doesn't matter if you're into Bitcoin or not. If you go out the street with a big sign that describes you as a potential multi-millionaire, then you're just naive. You prioritize validation and recognition more than your physical wellbeing. If you're into Bitcoin since 2016, you should have already acknowledged that your privacy outweighs everything.

Also. The taxman is watching you.

2024 makes it another four years which the bitcoin halving happens. You already know what the halving is about. For newbies, the Bitcoin Halving is when Bitcoin's mining reward is split in half. And in the next 14days specifically, April 19th the halving will happen. Why the halving is so important to us is that with the reduction in the number of bitcoin in supply, there will be a price increase because there will be increase in the demand of bitcoin. This is what has always happened - halving preceded bull runs. Although, past performance may not guarantee future results, what we can tell from the moves of individual investors and institutional investors is that they are positioning themselves for potentially higher prices post-halving. I am not excluded.

If you have been holding bitcoin since say 2016, you will know that there is a bull run that follows after the halving and that it is a great opportunity to take profit and make a major purchase like getting something really nice for yourself. A reward for your patience. One area where some bitcoiners who take profit may spend their newfound wealth is in getting behind the wheel of their dream car.

Aside the nice watches, travels and vacation, nice condos, I know that the bitcoiners love automobiles a lot and they will flaunt it at the slightest opportunity. And I will be on the look out to see those pictures of beautiful sexy automobiles when bitcoin is able to reach a new all time high.  I even expect that some of these bitcoiners who are automobile enthusiast take things a step further by customizing their license plates with bitcoin-themed vanity plates.  Below, are some Bitcoin-themed vanity plate numbers I found on the internet. Please, kindly weigh the pros and cons before making a decision.





































Pros
1. It looks cool and stands you out.
2.Other bitcoin enthusiasts and non-enthusiasts will most likely want to say hi and start up a conversation with you.
3. It simply lets other people know that I am a firm believer in bitcoin.
4. It increases my rep and recognition in the bitcoin community.


Cons
1. You get unwanted attention from the folks who pose as admirers but have ulterior motives.
2. No matter how cool it will look there are people who will think that you are into some shady business. Of course from those who have associated bitcoin with crime
3You may not be able to sleep well at night knowing that your care is already a target for theft because the bad people will think that there are bitcoins inside of it.


Image sources:
https://www.reddit.com/r/Bitcoin/comments/135pmo7/which_one_of_you_is_this/utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://www.reddit.com/r/Bitcoin/comments/134r1yr/hodl_until_a_point_it_seems/utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://www.reddit.com/r/Bitcoin/comments/yfsj6u/pump_up_the_jam_pump_it_up_pump_it_up_now_pump_it/utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://www.reddit.com/r/Bitcoin/comments/10d2xvq/saw_this_dude_and_felt_really_happy_for_him_life/utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://www.reddit.com/r/Bitcoin/comments/ufw7zm/whose_car_is_this/utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://www.reddit.com/r/Bitcoin/comments/w7aifv/which_one_of_yalls_cars_is_this/utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://www.reddit.com/r/Bitcoin/comments/whv5ip/which_one_of_you_is_this/utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://www.reddit.com/r/Bitcoin/comments/ouzhs9/this_guy_gets_it/utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://www.reddit.com/r/Bitcoin/comments/xbz0rp/its_simple_hodl_mf/utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://www.reddit.com/r/Bitcoin/comments/2vcgoo/saw_a_car_with_this_license_plate_by_times_square/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://www.reddit.com/r/Bitcoin/comments/2gi4n5/bitco1n_license_plate_in_fl/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://www.reddit.com/r/Bitcoin/comments/33asiq/as_a_bitcoin_user_and_mini_driver_myself_i_was/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=1

https://cryptonews.com/exclusives/check-this-collection-of-19-crypto-vanity-plates-4484.htm