Topic: Wake up before it is too late (Read 1511 times)

For my opinion its not too late to enter in crypto world , you can reach your goals by means of hard working and passionate to your work .. Some people say you can't earn money without having sweat on your face , body pain, stress etc. But as we discover there is a easiest way to earn money and that is to work with crypto currency

Yes wake up because bitcoin price is going up and up and believe me it is going to reach a lot and you still have not invested or earn anything at all i would recommend to try it out right now because you can secure your future with it!

Yes its true don’t be late because now a days bitcoin price is little down and the price is going high so I think we need to buy bitcoin as much as you can so I think if buy bitcoin now a days so I’m sure end of the year we can get a huge amount of profit same like last year because this year was better than last year and I’m sure I will get a profit from it.

I am sorry to tell you this, but I disagree with what you said. As a matter of fact, this forum helped me financially. If this forum did not exist, I would have had been in a bad state, really bad. That is why you have to check for yourself before you put your judgement.

It is a fact that the fees increased, so what? As long as the signature campaigns pay you, it is okay for you to wait hours or days as long as you move out your money. I mean you are not going to be robbed or something!

I do agree with some of your sentiment.Putting  all your life savings into something as volatile  as bitcoin are mortgaging your house to hopefully hit big jackpot   is beyond stupid .Me  unlike you would feel no sympathy what so ever if they lost everything .People who  are greedy and gamble everything they own well they deserve what comes to do then .Bitcoin/crytocurrecny is general is good to put away maybe 5-20 of your savings not 100%.You should also put some in stocks bonds gold silver   land etc etc .Spreading out   your investment/risk  is the key always

No.

I am asking what you mean by the term "blockchain" because you seem to be using it as a meaningless buzzword like the startups that you and me both critized just a few posts ago. So unless you are just parroting empty phrases you subscribe a different meaning to the term "blockchain" than me. It follows that for me to understand your point of view I first need to understand your terminology. And that's what I've been indirectly trying to achieve by asking the question above. Asked directly: What do you mean when you use the word "blockchain"? Or rather -- what do you think it means?

So you are saying there really is no use for block chain

Please expand. How would you define blockchain technology and what other concrete uses cases are there besides immutable atomic transactions?

Quite a lot of hyperbole there, have you seen Bitcoin inflate a billion times in a day like the Zimbabwean dollar?  I'm new and have considered both sides of this argument quite a lot.  I do agree that for the most part this forum is a bunch of crazed cheerleaders whose best argument for it going up is that it has gone up already, or that they really REALLY want it to go up!

There are a lot of problems to overcome if it's ever going to be a currency and maybe it never really will.  But it is clearly in it's infancy and can go through all kinds of development between now and 'later'.  I think transaction times and fees wouldn't be that hard to drop with the right changes.  I also think one of the biggest problems to overcome is the INSANE amount of electricity that is used.  I read somewhere that right now it is at 1/2 a % of the global carbon footprint and that one transaction uses as much electricity as driving a Tesla 300 miles.  Crazy!  Plus, somehow it has to be idiot-proofed so that the average joe can easily use them without losing them all.

As a safe haven against inflation it seems like it could have a lot of potential, as it already does in several countries.  For the last decade the U.S. stock market has gone berzerk.  Why?  Among other things, with near zero interest rates there is literally no other place to put your money to invest.  What will people do with all those gains when (if) the stock market has a prolonged decline or inflationary period?  They could buy gold - or bitcoins.

Now I'm not insane by any means and I do realize that the idea of pouring your life savings into "invisible data coins' could easily be the worst decision of my life.  My plan is to get my initial investment out asap and let whatever's left ride.  And I don't plan on ever putting more than 15-20% of my savings into it.  I'd encourage everyone else to have an exit plan as well.  Because even though you don't want to admit it, the whole thing could collapse and you'd better make sure you have a plan B just in case.  Or, it could go to the moon and we all win! (rah rah)

just my .000002 BTC

#2

I think you missunderstood the whole concept of crypto currency. What fees do banks require? How many days do bank require? How does governemnt print money? How is your economical status trackable by the government?

Just use another cryptocurrency

It makes me wonder why you believe bitcoin to be a ponzi scheme. Transactions have been taking longer bitcoin cash price rises haven't helped as miners will just switch to what is more profitable.

Yes you really need to wake up before it becomes too late for you. If that is your take-away from my post, clearly you do not have the intelligence to understand the point. I just feel sorry for the people out there who can genuinely not afford to lose their savings, but right now have them tied up in this scheme, and if they don't get out will end up with no savings. You need to save more money.

oh come on... you just refuse to be reasoned with and you can't provide conditions for your concept of ponzi   so who's the turd, right  

look, a ponzi scheme generates returns for older investors by acquiring new investors. that's the standard definition of a ponzi. if you think that bitcoin or altcoin is just an illusion of value, and cryptofinance is a joke then you don't understand the history money.

how do yo think the stock exchange works? in stock exchange, you purchase a certain amount of stocks at a given price. if the price dips, the value of your investment drops and you're at a loss. the price goes up, you gain - if it goes up. if it crashes, your money is gone. in exchange for the money you invest in stocks, you're given a certificate that tells you about your chosen investment. your broker and the company you bought stocks from earns from your investment. you either provide a new investment and move to a different stock. other people do the same and even encourage others to get involved in stock exchange. one gets involved in stock exchange for the money.

in foreign exchange, you invest $10,000 usd so you'll have enough tolerance for the price movements. if you play with the proper lot size and you can read the proper indicators, you can place profitable buys and sells. your $10k usd goes to the trading house/bank that'll provide you with the platform to trade foreign currencies. you place a buy or sell order and the broker earns for every buy or sell order you make. the trading house earns from the spread. your tolerance for risk drops when your losing and after placing the wrong orders, your account closes. you lose, the trading house and the broker wins. they encourage others to learn and invest in forex. one gets involved in forex to earn more money.

in insurance, may it be life, non-life, health, and variable, money from clients/investors come in. that money is invested by the insurance company in mutual funds and other asset-growing activity that will firstly benefit the insurance company and its vips. more investors are encouraged so the cycle won't stop. you'll want insurance coverage for the money.

with fiat or the paper bill and coins that you have there with you, they're prone to demonetization. the government can just decide to demonetize and in an instant the bill that you have there will be of  no value. you believe that what you have is valuable because the government says so. that is an illusion of value created sadly by the powers that be. and when they say that by this time tomorrow, its value is stripped and you're not aware of it, then you're left with just paper.

with bitcoin and the alts   connect the dots yet?

bitcoin cash is just as bad - as is any cryptocurrency

What you are saying is true, because the way the transactions are getting delay in confirmation and fees taking higher limits will push more bitcoin value in dark but i think bitcoin cash is a good reply to this problem as it takes fraction of second to confirm the transaction and the fees is also very very low.

Wow.

So you are advocating for an investment because it has no CEO. Clearly an alternative type of endorsement - and given all the challenges with forks and the civil war raging for the past couple of weeks, how is that working out for 'ya?

But I don't label everyone as a bad actor. You are either a bad actor - or you are the one being taken advantage of. Same as at the poker table. If you can't spot the sucker, you are it.

More name calling and reckless generalization.

Another inapplicable analogy. In this case people took on loans based on greed and their conviction that the bubble would continue. They were not innocent bystanders.
In this case, there is not a huge FIRE (Finance, Insurance, Real Estate) industry pushing bitcoin and encouraging people to take on debt.

You are correct that it may be a bubble. You are incorrect in labelling every person who believes in the future of bitcoin as a bad actor.