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Author Topic: The impact of crypto on our lives  (Read 9557 times)

Offline DAMKAR

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Re: The impact of crypto on our lives
« Reply #210 on: April 26, 2024, 10:06:01 PM »

we have realized tremendous changes with the use of bitcoin and from the way it has helped many lives improved from their financial circumstance, we cannot compare bitcoin to how we have been using fiat and the commercial banks, the difference are clear, we truly want a digital decentralized network which will offer us the privacy we want and the financial freedom we have also wanted to achieved in the economy.
In addition to the profits we get from investing in bitcoin, this is the technology of the future. And by investing in bitcoin we can get profits to increase our income. Because many people are helped by investing in bitcoin. Even though it takes time if you are just a holder, and if we have the skills as a trader, we can also get daily profits

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Re: The impact of crypto on our lives
« Reply #210 on: April 26, 2024, 10:06:01 PM »

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Offline pacar_tiri

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Re: The impact of crypto on our lives
« Reply #211 on: April 28, 2024, 03:48:03 AM »
In addition to the profits we get from investing in bitcoin, this is the technology of the future. And by investing in bitcoin we can get profits to increase our income. Because many people are helped by investing in bitcoin. Even though it takes time if you are just a holder, and if we have the skills as a trader, we can also get daily profits
It's true, Bitcoin is indeed one of the payment technologies in the future because all transactions are carried out digitally so that physical money is no longer used and this will make it easier if you want to make transactions over quite long distances. Daily profits cannot be obtained from Bitcoin. We must take advantage of altcoin price movements to get daily profits.

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Re: The impact of crypto on our lives
« Reply #212 on: April 28, 2024, 02:21:17 PM »
In addition to the profits we get from investing in bitcoin, this is the technology of the future. And by investing in bitcoin we can get profits to increase our income. Because many people are helped by investing in bitcoin. Even though it takes time if you are just a holder, and if we have the skills as a trader, we can also get daily profits
It's true, Bitcoin is indeed one of the payment technologies in the future because all transactions are carried out digitally so that physical money is no longer used and this will make it easier if you want to make transactions over quite long distances. Daily profits cannot be obtained from Bitcoin. We must take advantage of altcoin price movements to get daily profits.
Many predict that bitcoin will become a means of payment in the future. but until now the governments in many countries still have not allowed bitcoin as a payment method for many reasons. Who knows..
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Re: The impact of crypto on our lives
« Reply #213 on: April 30, 2024, 12:23:57 PM »
Many predict that bitcoin will become a means of payment in the future. but until now the governments in many countries still have not allowed bitcoin as a payment method for many reasons. Who knows..

Bitcoin originated as a currency but now its investment property is widely used instead of using it as a payment method so in future it will be more useful as an investment asset because people want to increase their wealth therefore they will never spend that thing which gives them extra sum.

Everyone thinks about their success and no one will be in desire to give their Bitcoin to other people and wishes to keep it for longer until it gives them huge profit. In future people will focus more on investing in Bitcoin for longer Instead of using it to purchase things.
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Online Uruhara

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Re: The impact of crypto on our lives
« Reply #214 on: April 30, 2024, 12:55:42 PM »
Many predict that bitcoin will become a means of payment in the future. but until now the governments in many countries still have not allowed bitcoin as a payment method for many reasons. Who knows..

Bitcoin originated as a currency but now its investment property is widely used instead of using it as a payment method so in future it will be more useful as an investment asset because people want to increase their wealth therefore they will never spend that thing which gives them extra sum.

Everyone thinks about their success and no one will be in desire to give their Bitcoin to other people and wishes to keep it for longer until it gives them huge profit. In future people will focus more on investing in Bitcoin for longer Instead of using it to purchase things.
With transaction costs sometimes increasing rapidly, it is clear that currently Bitcoin is only more convenient to use for investment purposes. There are actually many payment methods available on the internet today. But in the real world it is still difficult. Only El Salvador currently still supports this. But I am optimistic that one day payment methods using Bitcoin will be legalized in more countries. But the thing is I'm also pretty sure people would rather hold bitcoin long term for a long term investment.

Offline yohananaomi

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Re: The impact of crypto on our lives
« Reply #215 on: May 02, 2024, 05:49:57 AM »
Mistakes are common in the crypto world when it comes to sending money from one place to another. Thieves try in a similar way to steal what is not theirs, which further complicates trust among users of the crypto world, because real users rely on security, only to have everything taken from them in the end. It can change your life, I know many users who went that way in the early stages of crypto development where the rewards on forums and trading were huge. I believe in crypto.
As far as I know, errors in sending from one place to another are very rare, because currently the facilities are good enough to control it before making a transaction them, if it still goes wrong, it would be a shame. If theft can often occur due to carelessness, in times of trouble, we can trust help that actually leads us astray and takes what we have.
I agree, usually all these incidents start to become known at first and are natural things that happen, but then you can be more selective. I think you're not the only one who believes in crypto. Almost everyone on this forum because of their belief in crypto.
If a delivery error occurs, it is usually possible that the recipient's address was written incorrectly. but this rarely happens because we can copy and paste the data we have. If there is a problem with theft or being hacked, we have to be careful about protecting our wallet from all of that, including phishing
There are indeed many ways to cheat. What we do when we want to send to the address we are going to. The possibility of an error occurring is when copying and pasting, but what we do is not what we copy and paste, but changes have occurred, so don't always trust copy that paste. But always check whether the address is correct before sending it.
The most important thing is not to hesitate to double-check every previous transaction so that when we are certain, we will make the delivery, because that is what is most important.

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Re: The impact of crypto on our lives
« Reply #216 on: May 02, 2024, 07:24:15 AM »
Only invest in crypto if you have got spare funds to invest, because crypto market fluctuates rapidly and there is a risk of manipulation. It will not be a good idea to invest in crypto by selling your fixed properties. There is no guarantee that you will gain profit, you may end up losing all. So be careful.

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Re: The impact of crypto on our lives
« Reply #216 on: May 02, 2024, 07:24:15 AM »


Offline de_prof

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Re: The impact of crypto on our lives
« Reply #217 on: May 03, 2024, 01:45:51 AM »
Only invest in crypto if you have got spare funds to invest, because crypto market fluctuates rapidly and there is a risk of manipulation. It will not be a good idea to invest in crypto by selling your fixed properties. There is no guarantee that you will gain profit, you may end up losing all. So be careful.
I agree with your suggestion, if we want to invest in crypto, we should use funds that are free and we don't need them in the near future. because we know crypto is fluctuating and difficult to predict. but if you sell property to buy bitcoin during a bearish season, buying at the lowest price is also the right decision. because bitcoin is more profitable than property
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Re: The impact of crypto on our lives
« Reply #218 on: May 03, 2024, 03:31:16 AM »
Many predict that bitcoin will become a means of payment in the future. but until now the governments in many countries still have not allowed bitcoin as a payment method for many reasons. Who knows..

Bitcoin originated as a currency but now its investment property is widely used instead of using it as a payment method so in future it will be more useful as an investment asset because people want to increase their wealth therefore they will never spend that thing which gives them extra sum.
and this is not what Satoshi wanted for bitcoin because satoshi wanted Bitcoin to be a currency to function but now this is an asset that had been kept for long instead of using as payment tools.


Quote
Everyone thinks about their success and no one will be in desire to give their Bitcoin to other people and wishes to keep it for longer until it gives them huge profit. In future people will focus more on investing in Bitcoin for longer Instead of using it to purchase things.
sad reality and I am in guilt here , because what I do believe is that in future when the government finally accept and adopt bitcoin that is the perfect time to use this and properly bring to merchant .

Offline DAMKAR

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Re: The impact of crypto on our lives
« Reply #219 on: May 03, 2024, 06:42:55 PM »
Only invest in crypto if you have got spare funds to invest, because crypto market fluctuates rapidly and there is a risk of manipulation. It will not be a good idea to invest in crypto by selling your fixed properties. There is no guarantee that you will gain profit, you may end up losing all. So be careful.
I agree with your suggestion, if we want to invest in crypto, we should use funds that are free and we don't need them in the near future. because we know crypto is fluctuating and difficult to predict. but if you sell property to buy bitcoin during a bearish season, buying at the lowest price is also the right decision. because bitcoin is more profitable than property
It would be great if I had free money to invest in crypto, my salary is not very high so it's just enough to meet my living needs, and I can't afford to invest in crypto. that's why I participated in a bounty campaign where I could use these rewards to invest in crypto.

Offline Daiana

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Re: The impact of crypto on our lives
« Reply #220 on: May 03, 2024, 07:26:10 PM »
I think that crypto is the future. Just as it is with many things (sugar, social media etc.) its easy to get addicted to the dopamine you get from checking charts etc.

I think people should never invest everything they have in anything, not real estate, crypto, stock exchange etc. Markets go up and down all the time, and the bigger the possible gain, the bigger the possible loss.

I have just invested a couple of 1000 dollars and I too was checking my wallet and charts way too many times a day. Now it's been a week and I try to not be too emotional with any ups and downs.

So just like with anything in life, we just have to be smart about our choices.

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Re: The impact of crypto on our lives
« Reply #221 on: May 03, 2024, 07:57:03 PM »
and this is not what Satoshi wanted for bitcoin because satoshi wanted Bitcoin to be a currency to function but now this is an asset that had been kept for long instead of using as payment tools.

Yes it is the reality that people like to hold Bitcoin but they don't want to exchange it for another thing and investors of bitcoin have set their goals according to which they will sell their Bitcoin if price goes to their target value. Bitcoin can still be used as a currency if it become Widely accepted and if now people are not using it as a currency so maybe the reason is that there are certain limitations on its uses.

sad reality and I am in guilt here , because what I do believe is that in future when the government finally accept and adopt bitcoin that is the perfect time to use this and properly bring to merchant .

The use of Bitcoin as a currency or investment source depends on the acceptance of bitcoin and once it becomes accepted then everyone will use it as investment as well as a currency but still people want to change their poor financial system to wealthy status for which they will often keep it longer. Otherwise the future is unseen and what will happen is unknown but the use of bitcoin may be changed from an investment source to currency in future of accepting widely.

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Offline Daiana

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    10 Posts Avatar Karma
Re: The impact of crypto on our lives
« Reply #222 on: May 04, 2024, 05:53:32 AM »
and this is not what Satoshi wanted for bitcoin because satoshi wanted Bitcoin to be a currency to function but now this is an asset that had been kept for long instead of using as payment tools.

Yes it is the reality that people like to hold Bitcoin but they don't want to exchange it for another thing and investors of bitcoin have set their goals according to which they will sell their Bitcoin if price goes to their target value. Bitcoin can still be used as a currency if it become Widely accepted and if now people are not using it as a currency so maybe the reason is that there are certain limitations on its uses.

Actually when I spent some time in Guatemala last year a small restaurant accepted bitcoin as payment!

 

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