There are many people who, before they became aware of Bitcoin, did not give much importance to saving money despite having high discretionary income. They used it for fun or for other unnecessary purposes. Because they thought that inflation would reduce the value of their money and its purchasing power. That is, they could buy less things with the same amount of money at that time than they could buy with the same amount of money later. As a result, they preferred to use their money instead of saving. But when Bitcoin came to the market, it started showing more effectiveness against inflation than gold. As a result, people started getting attracted to saving because they now have the safest and most profitable asset to deposit any amount of money in the future, and that is Bitcoin. Honestly, the more Bitcoin they have instead of fiat currency, the stronger their economy will be in the future.

You are right; it's been almost a year since I had the issues with Binance. In the meantime I have been using another exchange like Bybit. It's also been a smooth exchange so far from my experience. Binance was my first choice, to be honest, and I was quite disappointed due to restrictions. For security reasons I don't store funds in an exchange after the issue with Binance. So when I need to sell or buy coins, I like to move them on multiple exchanges. Because I really don't want to rely on the single exchange.

However, I have been using Binance again right now and don't have any issues yet. Hopefully they lifted my restrictions after a deep investigation. So there shouldn't be an issue with them unless I made mistakes again. The funds I have been dealing with are fully clean and come from Bybit. So there won't be an issue like a mixer or something else. I will be very careful when dealing with the CEX.

Those who save in fiat currency do not have much understanding of economics and finance.


Yes, but that's like the story of the cicada and the ant. Who will be better off in 10 years, someone who does DCA bitcoin or someone who spends everything on Carpe Diem?

What I do see a lot, and something that is mentioned in the OP, is that people are becoming increasingly aware of inflation as theft, and I think Bitcoin has played an important role in that.

Doing all that, trying to be cautious of what sites to open and what not to open, sounds like stress on its own. That's why I don't even bother connecting to any public WiFi. I rather wait out the period I'm not able to connect to mine than do that and jeopardize my security. I bet it's because people don't pay to use public WiFi that makes it tempting to use. If people were to be charged for using it, a lot of people won't use it. They will stick to their own data. People should be careful of freebies.

Bitcoin can only help us take full control of our assets, reducing our dependence on third parties. It cannot guarantee that our assets are immune to attacks and completely safe if we are careless. The safety of our assets depends entirely on us.


There are many reasons why people don't want to use bitcoin as a currency or payment method. One of them is bitcoin investors themselves do not want to spend, most of them want to hold bitcoin to get rich.
That is why I disagree with those who blame the government and claim that it is the only reason why bitcoin is not used as a payment method.

I think it is the government that decides this. As long as they still want to use fiat, no asset/currency can replace the role of fiat.

I watched a few videos on YT and what I had the opportunity to see was that the payment processor through which the payment was made had closed its business and most of the several hundred stores, hotels, etc. had stopped accepting BTC. I think I saw that news a year or maybe even more ago, so I don't know if anything has changed since then.

I remember watching a couple of videos of tourists walking around the island and trying to pay something with BTC, but unfortunately only BTC stickers remained.

I was going to bring up traffic as well before I read this reply. It's the form of waiting in line that I hate the most.

The thing is, there will always be some sort of downtime in whatever solution we come up with. Just like how accidents can occur anytime in physical traffic, there can also be unexpected jams in digital traffic.​

Technology is getting more and more advanced everyday. Could AI potentially help in the next big breakthrough? Or will it only make it worse?

Everything that has an advantage also has its disadvantages. You would have been expected to drive to the bank if you wanted to make some transactions but online banking has helped to alleviate that burden. It has saved us time and the resources that are needed to appear physically in banks. 

Online activities have also given rise to scams and hacks. You wouldn't worry much about losing your money to scammers if you have to appear in banks for transactions. The worst part about these network issues caused by overcrowding is that it halts the entire operations of the bank. I also remember how transaction fees skyrocketed during the attack on the mempool by Ordinals because of network congestion.       

Bitcoin blockchain is what secure your bitcoin with its very good Proof of Work network that is high in hashrate, decentralized enough so that it is impossible for 51% attack. Even there are some "friend" mining pools that can cooperate with each other and are able to do 51% attacks, they have no reasons and achievable benefits for doing such attacks.

Bitcoin private keys are unbreakable, not possible for brute-forced and they are all contributors for your fund security with Bitcoin blockchain and bitcoins.

Having both resources is a significant advantage, but it's rarely possible. Many people dream of starting a business while still working a salaried job, but it's important to understand and evaluate the market's challenges. We can take the risk of leaving our jobs and becoming a business owner, and the outcome can be exactly what we want. My point here is that we need to carefully evaluate all the circumstances and make informed decisions. If we have sufficient capital, owning a business isn't difficult. The most important thing is to ensure the continuity of the business and generate profits.

Owning your own business and earning the income you desire is a wonderful feeling. In business, even with a good salary, you can often improve your circumstances to a certain extent. Furthermore, making the right investments can help a salaried employee achieve their goals.

There's a possibility to that but it all depends on that type of business that you are running, it's going to be hard to stay focused on keeping your business moving and being a worker that earns salary. No matter how we view this business will always remain superior. Being a salary earner will only keep you limited. The people you work for wouldn't want you to rise above them, they will keep paying you peanuts so you can keep working

I agree with your way of thinking. The point is, we must first understand how to play the game, because if we don't understand it well, we will regret it in the end.
If we try it just because someone else suggested it, without knowing how to play it, we will be the ones who lose out.

It is a reality because from our phones we can play whenever we like, it is a convenience, because no matter what the weather is like we can have access and we do not have to wait to go to a place for this type of fun, but the risk will always be the same, and Growth will increase, that is why casinos have more publicity and much more reach to those areas that do have internet can enjoy it, it is also an Advantage.

Dollar Cost Averaging strategy can help you to invest your money in bitcoin with time, gradually but very regularly over time. The invesment money for each purchase with DCA strategy can be small but over time like 1 year, 2 years, 4 years or 8 years, it will sum up to a very big investment capital.

This DCA calculator shows that if you invest $100 monthly in Bitcoin, and have done it for four years since 12 September 2021 so far, total investment capital you have invested is $4,900 which is big enough or even impossible for you to spend in one purchase.
https://costavg.com/

Yes but also no, you understand it wrongly. If there are 10 thieves and there is a $100 budget, they may steal $90 or even $99 because each gets a small portion. If there are 10 thieves and there is a $100 000 budget, they may steal only 10% and be satisfied from this single plunder. Corruption is rampant in developed nations, but there are 2 key differences. First is that it is much smarter, involving NGOs, kickbacks, board membership and other deals. Second is that there is a much larger pile of money from which you can steal. As I have demonstrated 2 cases, the theft will be much more obvious in the first one than in the second one.

I am not sure that I can agree with this. Maybe a majority of the people in a country? I am not sure even about that. The most consistent complaint that I hear about governments everywhere is corruption.

There's probably corruption everywhere. There's corruption in both developed and underdeveloped nations. It's just that in most underdeveloped nations corruption is so rampant that what goes into public services is what little left after every politician fills his/her pocket.

No, it's not the government; it's the people. The government can only be as good as the people. The government is a reflection of the people. It doesn't have a soul of its own. It's the people that form the government.
[/quote]
 Corruption and weak structures are the biggest problems in developing countries which fail to achieve long-term success despite having essential resources and a skilled workforce.
Most countries struggle to bring about changes to their education systems as they recognize its importance for success few countries in Africa have sufficient resources to support good development but internal issues hinder their progress these nations have never been on track to achieve success.
Awareness is crucial as developing countries that fail to utilize their resources effectively will be vulnerable to exploitation by developed countries which can limit their ability to succeed in the long run.*

Bitcoin is not a first ever cryptocurrency but it is a first ever successful one and it plays very big role of pioneering blockchain technology to a new era which is massively developed and accepted by business, governments and people. The blockchain technology can be applied for all industries and areas so it's a world-changing technology and it's good as Bitcoin is a leader of this technological innovation.

Bitcoin prehistory.

Most under developed nations have their corruption problem, the reason why it is very hard for them to move forward. The government itself is the problem not the people. There are so many small countries with very limited resources and yet they are already progressive countries. And that means, any country can get out of like being in the third world depending on the officials that will handle their country.

What i get from your advice that is new to me is never to keep altcoins, its very strange to me. The person that introduced me to crypto advised me to buy more promising  altcoins and hodl because bitcoin is very high to buy and i wont make good profit from bitcoin since what i have to invest was not much. I bought some altcoins and during the altcoin bull run i made some cool cash.

I only sold the profit and left my capital, as a write all my capital has gone to zero, i regret keeping my altcoin now, i wish i knew about this long ago. I do not want to sell them, i believe it will rise again then i will sell everything.

yes ok, I'm not taken into consideration either, I'm not even Indian and I don't even gamble
banning things, as I was saying before, doesn't work
We need to educate people, make them understand that it's okay to give space to their interests and hobbies but without exaggerating.

Good advice, mate.
Nothing is certain in the crypto industry. Most people didn't predict that the SEC would approve Bitcoin Spot ETF last year. But the approval had a great impact on the market. Who knew that Donald Trump would campaign with cryptocurrency? Every Bitcoin circle comes with a different experience, making the unpredictable. Invest the amount you can afford to live without and don't expect too much.     

You are right that it is good to be realistic and not overly optimistic with Bitcoin predictions especially since market has ups and downs. Good strategy is to simply buy and hold Bitcoin for long term and sell when time is right other than trying to perfectly time market. It is also good idea to have other ways of making money means diversifying your money and not rely on Bitcoin as your main source of income as this is much safer way to manage your finances.

With Bitcoin and cryptocurrencies, you can bring your wallets and wallet backups around easily as they are more easily portable than gold, cash for example, and you can control your wallets, coins, transactions (with non custodial wallets) without dependence on any bank to broadcast transactions.

This is an interesting discussion on how to get through customs at airports with your bitcoins.
What would be the best way to get through customs at an airport with your Btc?

It's also necessarily to share another article.
How to back up a seed phrase?