Does anyone know, or is there any on-chain analytical way to know, how many people own at least 1 full Bitcoin or more? There are about 18.94 million BTC in circulation right now, but certainly nowhere near that many full-coiners. Anyone have any idea? Asking because I plan to be a full-coiner one day. It's my dream.
It was a hard painful 4 year journey. But i made it to 1 btc. Going to hold it until retirement.
However....i now lost motivation to continue my monthly dca. The appeal of monthly buys at this high price of 42k is a turnoff. $1000 monthly to scrape a few decimals of btc.
I think i need a break. Time to use my dca money for a vacation or something.
So ill pass the question to you guys:
Did you to continue dca once you got 1btc?
If you dont have a whole coin yet,. Do you plan to stop your dca once you get there?
This is a common story for a lot of Vietnamese people in the 1980s as told in the online newspaper Vietnam Net. The local currency, Vietnamese dong, was devalued many times with inflation over 400% for several years in the mid 1980s.
Another reason is that Vietnam implemented a currency denomination in 1985, in which 10 old dongs were exchanged for only 1 new dong. A lot of people suddenly have their wealth slashed 90% after a day.
Historical and forecast inflation rate in Vietnam
I guess many Vietnamese have PTSD with the dongs and develop a habit of converting their dongs into gold, USD or Bitcoin. According to an analysis, Vietnam ranks 1st on global crypto adoption index. Now, I don’t actually 100% trust the data due to their methodology, but I can somehow understand why Vietnamese invest so much in crypto. It’s simple - they don’t trust their dong!
The 2021 Global Cryptocurrency Adoption index
You may raise the question - Is it just Vietnam or this is an issue in many corners of the world?
Nowadays Vietnam has a stable economy with inflation rates under 5% since 2014. However, let’s see some countries out there: Venezuela, Turkey, Lebanon, Iran, Argentina just to name a few. Have a look at this map and see how things go:
Inflation around the world, IMF, 2020 data
Now I don’t mean to say crypto will replace fiat, but many people don’t actually realise that fiat is also a type of slow rugpull (or fast!, as the above example in Vietnam in the 1980s and a bunch of countries right now). No-coiners often look at Bitconnect or Squid coin and say “Look, cryptos are rugpulls” but forget the fact that fiat currency loses value every day. Even the USD or EUR are not an exception, it’s just happening quite slowly that people are sleeping on it.
What do you think of infla
... keep reading on reddit ➡Edit: Thank you for the gold. If I could, I'd convert it to $ats. <3
Algorand is so fast and so cheap that it's tailor made for meme coiners and traders. There is a new ecosystem of meme coins on Algorand battling it out for top meme coin on Algorand. It's very early and only the top coin has over $1 market cap. Most coins seem to have a nice fixed limited supply of 1B and increasing Liquidity Pools as well. With Algorand you can actually keep your gains. It all just works so smoothly.
As someone that never purchased a meme coin, it definitely made me realize the benefits of Algorand even more.
The controversial top post about El Salvador's OP claims that he wants crypto to succeed,
But if you go into his profile linked in that post, you can see that he is wishing for Bitcoin to go to 1K. Lmao
https://nitter.net/samsungsv19/status/1446184849971236876?s=20
This guy literally wants crypto to burn, but yall are celebrating him because he is putting out "unbiased perspectives". Lmao
https://nitter.net/samsungsv19/status/1446144675736399881#m
Nobody who wants crypto to succeed will wish for 1K BTC and RT known fudsters. Its hilarious people even fall for this.
The OP follows and RTs stuff like this
https://nitter.net/Quinnvestments/status/1446262224520105987?s=20
This quinn investment guy is a known fraudster who cooks up conspiracy theories, just have a look at his profile lol.
Bullshit that has already been denied, like Tether holding Evergrande.. Infact this nonsense claims 78% of Tether reserves are Evergrande, which is total lies.
And that OP RT's nonsense like this, wishing for crypto to burn, but you all are assuming he is posting his "unbiased opinion" on bitcoin law. Lol
Edit:
Some comments are pointing out that I havent deboonked what that OP has said. I did actualyl debunk him last month, but then realised he isnt having honest debates but is just putting out propaganda. Given that he isnt acting in good faith, and is a buttcoiner, kinda pointless for me to debunk moreover, he is clearly lying that he wants to see crypto succeed, and instead has a very biased agenda. He is not debating in good faith. If you check his profile, he had posted that BTC would be a failure even before the roll out. Literally, before the plan was implemented and went live, he claimed it would be a failure. Anyone really expect this guy to be unbaised at this point?
Coming to the protests, yes there are protests, but the protests are to do with politics rather than bitcoin. You will find one or two guys carrying an anti-bitcoin banner in the entire protest. Most of the protests are purely due to political reasons, that have nothing to do with Bitcoin. All those pictures he has posted as proof are all from protests shared on twitter, they have nothing to do with bitcoin except that fact that Bitcoin is implemented by the president, against whom all the protests are targeted.
That guy claims Bitcoin rollout is "not going well".
Stats from Google app store and IOS app store prove him wrong.
The Chivo wallet is still #2 on ios app store, ahe
... keep reading on reddit ➡I was really working my ass off with my ETH Journey and it was a real rollercoaster ride. Particularly last May with DOGE and October last month with SHIB where I was hesitant to cash out but I knew that if I didn't follow my plan, I would regret missing out on some excellent profits.
I admit, during that period, I probably checked my charts hundreds of times, and most of the people I know have lost hundreds, if not thousands, of dollars on other shitcoins. They made a risk of hundreds of dollars, hoping to win or lose it all. Of course, I only went with two of the popular ones instead (would’ve also gone with Safemoon but was hesitant).
I've always been impressed with ETH even if the gas fees are sometimes questionable and hopefully with ETH 2.0. My current goal is to make it a little less randomized and devise a technique to DCA and stake/lend in over time. I was thinking of Celsius or Haru Invest. If you guys have any other suggestions, that would be appreciated!
Because he didn’t make any cents
Had a no-coiner tell me that BTC is not "real money" and "you need to get your Bitcoin turned in to real money before it's too late," oh...and to "enjoy the bitcoin stuff while it lasts, because the US Government will ban bitcoin soon and you'll be out a fortune wishing you would have cashed your BTC in to USD." Of course, I'm hodling and ignoring the no-coiner advice like always lol.
Still, I think it's good to understand the opponents of BTC in order to help them. This specific no-coiner just will not buy BTC because they insist it's not "real money." Maybe they shouldn't? It really seems the saying is true "you buy bitcoin at the price you deserve" basically lol.
I know the US talks about "regulating" bitcoin, but do we really think they can ban it?
When they have different opinions than you do about BTC, how do you deal with no-coiners and how do you deal with the people who say "bitcoin is not real money?"
Bitcoin is real money! Surely other bitcoiners understand lol.
I have 35k And can either buy btc and then I’ll have a whole coin or keep earning 8-9% APY on those stablecoins?
Please don’t tell me to diversify and only invest what I can afford to lose, Bc that’s obvious.
What I am asking is, because it’s a huge chunk of money, is it worth waiting for a dip? I don’t feel like a huge dip is likely due to institutional interest/adoption and the upcoming taproot upgrades.
Thoughts? Thanks!
https://twitter.com/sassal0x/status/1457914650423480324
https://twitter.com/sassal0x/status/1457914650423480324
https://twitter.com/sassal0x/status/1457914650423480324/photo/1
We are still so early if this is the case. These etsy and twitter 'artists' are swarming over discordd's feedback website to voice their discontent over crypto integration into the app.
Might I also introduce you to some of the finest FUDs when electricity and railroad were first introduced?
anti electricity propaganda:
https://www.thatsnonsense.com/does-image-show-anti-electricity-cartoon-from-1889-1890-fact-check/
anti rail road propaganda:
https://www.archives.gov/education/lessons/anti-rail
And now we have these people. No longer are they just 'old man yelling at bitcoins'... these are young people, often artists, often broke, often complaining about billionaires and 'the rich', often complaining about housing prices, often whining about how they can't afford to live.
Yet when there is this great wealth equalizer, instead of spending 10 hours researching into the tech, they choose to rehash whatever bullshit CNBC feeds them.
I'll let you figure out of these people are GMI next 10 years.
Since the APY for ust in Anchor blows tradfi savings account interest rates out of the water and also beats the average 10 year stock market and S&P500 return of 9.2% and 13.6%, I think that if I had to recommend any crypto to newbs it would be aUST (and use a ledger nano s for cold storage).
Anyone who recommended family to crypto during Thanksgiving before the dip probably didn't feel very good after the dip happened.
I think for newbs a good entry point is to wait until the price of any crypto is 25-50% below the 20 week moving average which happens at least once a year. Meanwhile, while they wait for the dip they can do their own research and come to understand the market better so that they can have more conviction when they invest. They will also feel less pain by avoiding fomoing in when prices are above or even over 2x the 20 week MA and then see prices draw down. Instead, if they buy into solid projects when prices are 25%-50% below the 20 week MA and Hodl they will spend less time feeling pain from seeing their portfolio going down and see much greater returns on their investment.
After they make solid gains they could then use some of their gains as collateral in Anchor to borrow if they like and strengthen the Anchor system.
This is not financial advice. Just my opinion.
Edit 1:For those who wander how I get ust. I either buy Luna on Ndax (a Canadian exchange) and send it to Terra station and swap it for ust. Or I buy a token like xlm or algo and send it to Kucoin and then sell it for usdc or usdt and then buy UST and then send it to Terra station. If I could move btc cheaply I would just buy btc and then move it to Kucoin and then sell the btc for ust.
Edit 2: For those who feel like using Anchor is intimidating just start by transferring a small amount of funds (ideally through Kucoin which will not have eth gas fees since it uses the terra network).
Edit 3: Alice.co and kash.io will make this way more user friendly. Hopefully they become widely available soon.
Just sharing here as there might be some UK Bitcoiners on here. I've created a UK Debt Clock thats much prettier than the others ive found - but more importantly it explains to people why huge and rising government debt is a problem that AFFECT them.
www.ukdebtclock.co.uk
I'm trying to get nocoiners to acknowledge debt is a problem and to take action -> consider buying Bitcoin.
I'm going to create a similar version for USA too so feedback apprciated. Feel free to share and link from any blogs websites etc. We need to spread Bitcoin to the nocoiners.
Stack sats, stay humble,
Shaun
I have helped a couple family members get set up who have said they couldn't have set themselves up without me (getting set up on an exchange with 2fa and using a crypto dedicated email and then setting up a hardware wallet) and making sure to not write any of that information on any device that could connect to the internet. Also teaching them what they would need to do to restore their hardware wallet if they lost it. And explaining blockchain technology and what the hardware wallet is really for.
They then said I should offer a local service helping people to get set up. But I immediately thought how could one do that in a trustworthy manner? I also would be concerned about my own security since that would identify me as a crypto holder within my city if I were to advertise myself offering a service in helping people get set up. Any thoughts on what would be the best way to go about this? Is their anyone already offering this service somewhere that I could potentially learn from and mimic?
Ultimately I just want to help adoption within my community especially for those who are interested but are not tech savvy and not interested in watching lots of videos and reading guides. But if I can't find a good way to do this then I will not do it.
I know we arent supposed to say stuff like this but I needed to tell somebody. Right before covid my parents kicked me out and I lived in my car for little under 2 months. I had about $300 in my pocket at the time. Every day, I would wake up early and donate plasma before work and then work 8-12 hours at my sales job depending on how many hours of OT they gave me, I would also shower there too. Ever paycheck I got I would take what little money i needed for necessities and the rest I would put in in bitcoin. To me, bitcoin was hope, hope that I would eventually be able to be financially stable and for a brighter future. I bought in before the dip and during the dip to sub 5000. Again, sorry i know we shouldnt talk about this but i cant tell anyone and today i passed 1 whole coin.
Edit: For those thinking I am a liar, ill post proof of my getting kicked out and of my holdings, if theres a way to safely do that lmk
I saw a post yesterday (which got removed cuz he posted a picture) about him getting downvoted for talking crypto in a non-crypto sub.
I've seen many instances of people getting downvoted if they said anything pro-crypto. First you must understand how the human phycology works.
If they haven't put in the time to research and invest in cryptocurrency or any industry for that matter, they would take any change they can get to talk shit about it.
Crypto is a bunch of scams, no good, mlm/ponzhi scheme shitfest earth polluting industry, and so forth. Even though we know that's what most industry is like they haven't done the research necessary to know that.
So it's really not worth your time talking to these people and it will only make you like your part of the ponzi scheme, and there's nothing to gain from it.
>TL;DR: Argue with a expert, agree with a fool.
I find he has a very clear and patient way of explaining the whole thing. Better than me, anyway. But I’ve seen him in so many places by now that it’s hard to remember one from the next. Maybe somebody can recall a particularly suitable one. If not I will go do some re-listening, but just wanted to check if one of you guys has got one off the top of the dome.
There is an article in r/technology that made it to r/all. Bitcoin is largely controlled by a small group of investors and miners, study finds. Now every time bitcoin or crypto is mentioned in another sub it feels like there are no proponents of bitcoin. Even though depending on the geography and the study, around (or up to) 20% of people hold bitcoin or a planning to acquire it.
We are a sub with a few million members and r/cc is a sub with a few million members but as soon as someone cross-posts an article like this, the post is getting downvoted as FUD. While it may be FUD, such crossposts are still relevant: the point is that we need to engage with other communities / no-coiners in order to get heard. It is very frustrating to see what uneducated comments are getting thousands of upvotes on r/technology almost without any crypto enthusiasts trying to give context or educate. We cannot just stay in our own bubble and be our own echo chamber. We need to engage!
I very rarely try to explain crypto to people. I resist the urge to talk about these things because most people are just so close minded but today I tried to tell a cousin about crypto and blockchain technology. At first they said “yea I heard about those coin things it’s so stupid” which nearly gave me an aneurysm so I insisted on ranting about the intelligence of it all.
First of all how do the words “decentralized, trustless, borderless”, in some cases “deflationary” “permanent and unchangeable ledger system protected/built upon hitherto uncrackable encryption” mean so little to these no coiners? The reason you might want to own crypto (aside from profits) is the same reason you might want to own a gun. It puts the power in the people’s hands!
“But it’s so volatile” Btc is up 46,800% since August 9th 2013 in this very moment! Short term volatility is a weak argument against it unless you’ve invested more than you can afford to lose!
“But NFTS really are stupid” Well maybe a little stupid right now, buts it’s cause they’re in their infancy. They have the potential to completely change the way we claim asset ownership. They could make documents unforgeable. Commercial and government issued identification or proof of ownership could be fool-proofed with this technology!
“But there is no tangible value in it” The blockchain behind it is the value! Blockchain technology, aside from a currency being linked to it, is a revolutionary and fool-proof way of storing data. All the data leaks that happen these days wouldn’t be happening, and if they did, you would know that it was an inside job, or poor security practice on the key keepers part.
This information should be absolutely blowing these no-coiners minds! Some of them it does, and the others will be playing catch up in a few years.
Sorry I know these sorts of posts are a bit annoying but honestly it's taken some time to get here and I'm pretty excited for what it could do for my retirement down the road sometime.
I want to hold for the next 10 years and fingers crossed it works out well for me!
Literally his biggest dream, was to be able to say I own a full bitcoin.
saying I own 10% or 20% of a bitcoin was cool he said but he went to the extreme on this dip. Officially loaded himself up to the full coiner status. Something to tell the grand kids alright.
Greatest opportunity in a lifetime ladies and gentlemen.
Seriously. Grow the fuck up.
Recently I was stupid enough to mention that I have a small amount of crypto to my elitist relatives who started bashing me for that. These people love to put money in sports bets, mainly football. And those bets aint small, they are bigger than my whole savings account is.
It really grinds my gears the hypocrisy of some people who bash crypto for being a scam and whatnot and at the same time they have 0 issues with lotteries. They cringe when someone says that he invested a few bucks in crypto but they happily put money in Eurojackpot, sports bets, lotto and shit like that. Thats perfectly fine but its crypto thats scammy..man it really grinds my gears sometimes but Im done mentioning my interest in crypto. Im keeping my mouth shut
Whenever some no coiner chimes into my RL conversation with someone else about crypto it always is the same negative shit. Yesterday, I visited my mother to say hi because I was working in the area. My dumb ass , over manly , brute, hairy waste of organic matter stepfather was there. My mother said, "I was just watching about your Bitcoin on the news that it's up again" is when this bastard stepped in.. It's all going to crash down again watch... Sell while you're still up
I reminded him that he told me that same thing in 2017 when it was $3000. Just before the Bcash fork. So he says with no understanding whatsoever It's a fad that will fade out eventually, watch someone is going to hack it and it will be all over for everyone
This is exactly what someone with zero knowledge would say. If they fking knew anything they wouldn't say it's going down because of a hack.
If you ever make it somewhere and get rich from crypto.. or any investment , don't help these people out at all. Don't inform them if they ask questions about your newly required riches from holding for almost 6 years.
Let them believe you are just very very lucky so that way they believe anyone who gets rich off investing is just lucky. Don't let them in on how markets work.
Keep in mind back in 1996 when I was only 16 I was urging both of them to not put their $20K in lucent technologies , I was already a low-mid programmer by that age with 8 years puter experience...I specifically said "at least put half into Microsoft, it's stable it's growing and eventually they will control most of the market on OS's".
I should've realized at the time they didn't know what an operating system was. At the time they were still integrating computers into every workplace.
But he blew me off... Like I was some sort of dumbass. It's not my money, sure but if this fk wasn't so ignorant he would realize that I might know a little something given my tech experience.
People who aren't ignorant will at least take into some consideration what you're saying before they decline any advice or at least politely decline with "I will think about it".
Ignorance is the most costly expensive you will have in your life. Remember that.
