What I understand about bitcoin | Bitcointalksearch.org

Chato1977

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All I have learned about bitcoins and the crypto market in the past few months is that it is a digital currency that is used to earn money through trading, stalking and mining etc. Also, the market is highly volatile and is a journey of ups and downs. So, risk is something that is unavoidable while trading bitcoins.

Wrong on that, it is not only about trading and earning, Mining and earning , staking and earning.

BITCOIN IS A CURRENCY THAT MUST BE USED FOR PAYMENT , this is the main reason why this was created and have just being used by rich people as trading material.

btc78

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Quote from: marilynmanson21 on February 25, 2022, 12:51:26 PM

Quote from: Gasty4 on November 21, 2021, 02:42:29 PM

Permission to say bitcoin is the future.
Ain't Centralized like that of fiats, has to do with a peer to peer network.

Bitcoin gives a chance for the poor to become wealthy and a chance for the rich to get wealthier.
The more it gets accepted by people, the more it's votality increases.

but not everyone can get rich from bitcoin, if you take the wrong step to enter
maybe now is the right time to enter because bitcoin prices are far from yesterday's ATH,
but if you enter at a price of 58k $ I think you become poor seeing your assets decrease and it's just patient to reach ATH

you can always become richer but of course if you can keep the funds for Holding , imagine that there are many of us had already become richer(of course not a Millionaire) so investing with long term will always turns positive .
not all of us makes it there but of course mostly has as long as willing to Hold their coins.

marilynmanson21

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Quote from: Gasty4 on November 21, 2021, 02:42:29 PM

Permission to say bitcoin is the future.
Ain't Centralized like that of fiats, has to do with a peer to peer network.

Bitcoin gives a chance for the poor to become wealthy and a chance for the rich to get wealthier.
The more it gets accepted by people, the more it's votality increases.

but not everyone can get rich from bitcoin, if you take the wrong step to enter
maybe now is the right time to enter because bitcoin prices are far from yesterday's ATH,
but if you enter at a price of 58k $ I think you become poor seeing your assets decrease and it's just patient to reach ATH

goldkingcoiner

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Quote from: macson on February 25, 2022, 10:37:02 AM

Quote from: Peanutswar on February 25, 2022, 08:38:32 AM

Today there are a lot of things that can be used with the bitcoin before we saw the use mostly in the daily trades just doing buying and selling, taking up a position and then taking profit or having a loses but now the potential of the bitcoin shows up there are now different platform accepting the use of the bitcoin as their payment method, next is the gambling platforms nowadays supporting the use of the bitcoin and other crypto currency transactions to let their player gamble, currently some of the establishments adopting the use of bitcoin as salary for their employees there's a development. Soon we see more.

The attraction of bitcoin today is incredible, i heard the company where my cousin works has started to give its employees a choice whether they want to be paid in Bitcoin or fiat, honestly i was surprised to hear that because i know their company is not a big company. several countries have also given recognition that Bitcoin is a currency, in the future there will certainly be many countries that will give recognition that bitcoin is a currency.

The attraction of bitcoin will keep rising more and more as it is adopted. We will see greater adoption in the coming years, without doubt. The only problem, true problem, as a matter of fact, which stands in the way of adoption is people's misunderstanding or lack of understanding that Bitcoin is the better monetary system because it is deflationary, decentralised and impossible to sanction. Which makes it completely out of control of banks or governments.

But sooner or later, people will get it. I believe that.

macson

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Quote from: Peanutswar on February 25, 2022, 08:38:32 AM

Today there are a lot of things that can be used with the bitcoin before we saw the use mostly in the daily trades just doing buying and selling, taking up a position and then taking profit or having a loses but now the potential of the bitcoin shows up there are now different platform accepting the use of the bitcoin as their payment method, next is the gambling platforms nowadays supporting the use of the bitcoin and other crypto currency transactions to let their player gamble, currently some of the establishments adopting the use of bitcoin as salary for their employees there's a development. Soon we see more.

The attraction of bitcoin today is incredible, i heard the company where my cousin works has started to give its employees a choice whether they want to be paid in Bitcoin or fiat, honestly i was surprised to hear that because i know their company is not a big company. several countries have also given recognition that Bitcoin is a currency, in the future there will certainly be many countries that will give recognition that bitcoin is a currency.

Peanutswar

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Today there are a lot of things that can be used with the bitcoin before we saw the use mostly in the daily trades just doing buying and selling, taking up a position and then taking profit or having a loses but now the potential of the bitcoin shows up there are now different platform accepting the use of the bitcoin as their payment method, next is the gambling platforms nowadays supporting the use of the bitcoin and other crypto currency transactions to let their player gamble, currently some of the establishments adopting the use of bitcoin as salary for their employees there's a development. Soon we see more.

Zilon

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Despite the dip Bitcoin has maintain a certain support range for a long time and has made lots of retest but isn't breaking through. Although it's a risk asset but still has more advantage compared to the centralized assets. Of all the ways to earn in Bitcoin mining tends to be less risky but it requires a good mining device like Bitmain AntMiner. Speculations could be deceptive except the decipline to hodl irrespective of the market situation exist

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Quote from: meant2be on November 19, 2021, 05:16:05 AM

To my understanding, Bitcoin is still in the process of maturing and everyday we get to know more about how it works because nobody can really give an accurate analysis of what the outcome might be in the next minute or next day. There is no guarantee that Bitcoin will continue to grow or continue to dip even though it has developed at a very fast rate so far. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses. All of these methods involves risk taking so It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.

Yes no one can tell whether is going to grow or dip, but on a long term basis it’s mainly going to be a growth, because the demand in the market increases over the years and there will high trade volume and a high market cap as time goes on, which will make the price of one Bitcoin to be higher than what it is today. That’s something else I think you should know.

If you’re someone who is interested in long term investment that tends to benefit you, then Bitcoin is a way to go . It is more than simply being used for sending and receiving money. If you use it the right way, you’re going to benefit from it.

Viscore

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Quote from: Chato1977 on February 24, 2022, 11:20:25 PM

Quote from: Viscore on February 24, 2022, 10:56:28 PM

Bitcoin is the biggest form of cryptocurrency.Its the most well-known one and it is the one thats been the most adopted currency all over the world. Bitcoin is a decenyralized digital currency that no one has controlled. It dowlesnt have any physical entity or financial institution. It has only 21 million total coins in the system, so you can print more unlike traditional momey that we use everyday.Bitcoin are use as as store of value,medium of exchange and especially good for investment.

Wrong on that part, We cannot print more like fiat in which the government can print unlimited like what is happening in other countries now.

in bitcoin that 21 million supply is the maximum and actually there are lower supply now because since this is irreversible meaning all of the lost bitcoin are now in the air and i believe that there are million of them had been lost .

Oh sorry .. I mean so you cant print more. It is just a typo error. I know that bitcoin has a limited supplies. Anyway thank you. Wink

The government can print more fiat that will have a bad effect in the future as they will pass on the burden to the people, while bitcoin over time will grow its value due to its consistent demand as the adoption increases.

Chato1977

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Quote from: Viscore on February 24, 2022, 10:56:28 PM

Bitcoin is the biggest form of cryptocurrency.Its the most well-known one and it is the one thats been the most adopted currency all over the world. Bitcoin is a decenyralized digital currency that no one has controlled. It dowlesnt have any physical entity or financial institution. It has only 21 million total coins in the system, so you can print more unlike traditional momey that we use everyday.Bitcoin are use as as store of value,medium of exchange and especially good for investment.

Wrong on that part, We cannot print more like fiat in which the government can print unlimited like what is happening in other countries now.

in bitcoin that 21 million supply is the maximum and actually there are lower supply now because since this is irreversible meaning all of the lost bitcoin are now in the air and i believe that there are million of them had been lost .

Viscore

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Live with peace and enjoy life!

Bitcoin is the biggest form of cryptocurrency.Its the most well-known one and it is the one thats been the most adopted currency all over the world. Bitcoin is a decenyralized digital currency that no one has controlled. It dowlesnt have any physical entity or financial institution. It has only 21 million total coins in the system, so you can print more unlike traditional momey that we use everyday.Bitcoin are use as as store of value,medium of exchange and especially good for investment.

tippytoes

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You are highly welcome to the forum, here you will learn a lot about Bitcoin and crypto currency at large only if you are ready or have a positive mind to learn. In learning here you will equally end up in earning good money if you are really serious and make positive contribution here. The advent's of Bitcoin has really helped so many household financially and it will continue if only you are ready toake use of the opportunity created by Bitcoin and crypto currency generally.

This is true, in this forum alone, I guess a lot of lives have been changed to better position in life. If you look at the services section, you will understand how people are earning their crypto here. If you have hidden talents or skills in any field, you can offer your services and accept crypto as payment method. Whereas, this forum is also home for a lot of bounty programs and signature campaigns, where a lot of users are finding it a good source of additional income. I believe during this pandemic, this forum has been a great help to many. Not only earning crypto but when it comes to knowledge, there's a ton of it here waiting to be tapped.

tygeade

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Quote from: taufik123 on February 22, 2022, 07:39:50 PM

You don't fully understand bitcoin yet, you still have a lot to learn. and don't rely on other people's analysis of bitcoin prices, because every analysis made will have a difference. The analysis will not be 100% accurate and there will be some errors. Indeed, there are many ways that can be done to get money from bitcoin, each way has its own risks. Bitcoin continues to grow, a lot of adoption continues. Bitcoin is a very valuable digital asset. learn the theory and practice, it's the right step.

If you should be relying fully on your analysis, that’s when you’re more likely to be making a mistake. Yes it is very important that you get to learn how to analyze the market yourself and be able to tell where the market is really heading to, but at the same time you also need to know what others are saying and what their analysis are predicting for the market, that way you will able to know whether you’re right or not.

When you see other people’s analysis of where the market is heading to, you do your own analysis to know whether what they have said is right or not, and if what you get is close to what they have predicted, then it’s quite possible that it might be right.

andriarto

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Quote from: Sebas.tian on February 24, 2022, 10:13:15 AM

Bitcoin is a decentralized currency, that is not control by government or any countries of the world. There are many favourable things to achieve from bitcoin, if you are willing to follow the rules and regulations that guided bitcoin through out your learning in the community. Those successful bitcoin users you seen around the community started as a newbie to learn more about bitcoin that made them to learn from their mistakes and other people mistakes to get to where they are today in the community.

Note that bitcoin will remain decentralized currency and it will keep remain the king among other cryptocurrencies in the world. Invest more on bitcoin and see what will happen to you in the future when the price hit $100k.

although as a decentralized currency, bitcoin is currently more profitable as an investment tool that can multiply our money, considering that many countries are still rethinking its decentralized nature. the government seems to still object to relinquishing its control over a currency, so that globally, fiat will still survive. only a few countries have fully legalized it for now.

Sebas.tian

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Bitcoin is a decentralized currency, that is not control by government or any countries of the world. There are many favourable things to achieve from bitcoin, if you are willing to follow the rules and regulations that guided bitcoin through out your learning in the community. Those successful bitcoin users you seen around the community started as a newbie to learn more about bitcoin that made them to learn from their mistakes and other people mistakes to get to where they are today in the community.

Note that bitcoin will remain decentralized currency and it will keep remain the king among other cryptocurrencies in the world. Invest more on bitcoin and see what will happen to you in the future when the price hit $100k.

BITCOIN4X

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Quote from: taufik123 on February 22, 2022, 07:39:50 PM

You don't fully understand bitcoin yet, you still have a lot to learn. and don't rely on other people's analysis of bitcoin prices, because every analysis made will have a difference. The analysis will not be 100% accurate and there will be some errors. Indeed, there are many ways that can be done to get money from bitcoin, each way has its own risks. Bitcoin continues to grow, a lot of adoption continues. Bitcoin is a very valuable digital asset. learn the theory and practice, it's the right step.

Understanding bitcoin is not only about how one can profit from it but they should also know how it works, secure it, its advantages and disadvantages over other cryptocurrencies. Everyone knows how to make a profit from investing and trading because basically it's just about buying low and selling high. But in my opinion, apart from the profit that may be generated then security, getting good privacy and other things that support the OP also need to know.

Since bitcoin is a very valuable digital currency, many people will target it and scammers will stalk anyone who is careless just to make bitcoin users lose their money. So it's not just about profit but security and privacy should also be well thought out. The best practice for maximizing investment and trading returns is how they manage their bitcoins securely and protected from malicious attacks (scam attempts).

24Kt

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After I learned Bitcoin from reliable sources and used it for several years, I began to understand Bitcoin is not just a digital currency, but Bitcoin is
a digital asset that has a high value. In fact, many institutions have made Bitcoin a long-term investment asset, this is what makes Bitcoin
demand increase. But the increasing popularity of Bitcoin, has finally made many ordinary people start to dive into the world of crypto without
learning Bitcoin properly. So they think Bitcoin can provide instant profit, and that's the wrong understanding all this time. In fact, if Bitcoin is
studied well, it can provide benefits for its users. Do not rush to buy Bitcoin or use Bitcoin, we must first learn about Bitcoin, so that we can get
the maximum benefit from Bitcoin.

Indeed, most newcomers have blurred perception towards bitcoin. I am certain, a lot of them are thinking that when you invest in bitcoin, this is one way to get rich quick. But sadly, once they get acquainted with the market, they will understand that there's more to this market before you can generate good profits. But if a user is sincere in educating himself not only about crypto but blockchain technology in general, and he found this forum. He already found a gem that will guide him all angles that he wants to know about btc and blockchain technology. There's so much information in this forum that you can use to furnish your knowledge about cryptocurrency and blockchain technology.

taufik123

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You don't fully understand bitcoin yet, you still have a lot to learn. and don't rely on other people's analysis of bitcoin prices, because every analysis made will have a difference. The analysis will not be 100% accurate and there will be some errors. Indeed, there are many ways that can be done to get money from bitcoin, each way has its own risks. Bitcoin continues to grow, a lot of adoption continues. Bitcoin is a very valuable digital asset. learn the theory and practice, it's the right step.

xSkylarx

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Yes, all of them have risks, such as trading, mining, holding and many more, all of which have risks. But back to each of us, how can we minimize that risk, because all have different levels of risk. We don't know how bitcoin will be in the future, but we can analyze it and always follow its development.

And how could you be successful if you are not willing to take a chance on something? How can you become wealthy if you do not take some sort of financial risk? You are absolutely correct; we simply reduce the risk, but it remains; however, with knowledge, we can reduce the risk and increase the likelihood of success, allowing us to earn more profit. Knowledge is power, and you will not be successful unless you have it. Bitcoin's future is impossible to predict, but many believe it has a bright future, which is something to be happy about because it would mean a lot of money for us.

muratsink

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bitcoin is a digital currency in the form of an investment so that we can use it in the long term can also be used as a transaction tool even though we have not received an adaptation of bitcoin we can say it is a crypto-based digital currency, especially bitcoin has been around for a long time with a record as an investment that is long-term and so transparent and we are given the freedom to store or issue our assets in the crypto world for an indefinite period of time making it easier for miners to withdraw or store their assets in bitcoin

Topic: What I understand about bitcoin (Read 671 times)