Originally posted by F:

*Phone rings*

Yes?

Bogdanoff, he did it.

He bought?

He Went all in.

Dump it...

Originally posted by Laucian:

bro dont bitcoin is stupid it is losing value evtually people will grow tired of it and it will be worth nothing + value can decrease instantly if hacked (they say its unhackable, evrything is hackable)

you don't understand bitcoin or the problems it solves

and on the hacking question, though vulnerabilities can come up and be a wildcard.. in terms of hacking, the decentralization specifically is one of the reasons it's incredibly hard to attack in that manner. No central honeypot, to hack a large amount of funds they would have to hack each individual private key (impossible/near impossible through brute force currently, and still hard/time-consuming to do a single private key through social manipulation/scamming (though scams do happen)

exchanges/centralized custodian storage of bitcoin don't count, because anyone who is somewhat knowledgable about and concerned with the security would not be storing much on exchanges... and exchanges do not represent flaws with bitcoin, they represent the flaw of centralized server-client custodian trusted models (similar to banks/paypal/companies)

Originally posted by Laucian:

bitcoin isn't that safe large companies get hacked all the time and also investing in bitcoin ISNT ACTUALLY INVESTING IT IS SHORT TERM GAMBLING + u probs dont even know what bitcoin really is i bet u u rinvestign but still dont know shit about the blockchain or how it works

exchanges/companies that get hacked does not equal bitcoin being hacked... though yes, the security of the network will only improve over time... it has never been compromised despite constant attacks for 10 years and is the most secure by far out of all the cryptocurrency blockchains

so, whilst bugs/security issues may arise, there is a lot of innovation going on to strengthen security of the network all the time.. and only centralized legal entities like exchanges / custodial wallets have ever been compromised, which has nothing to do with the bitcoin blockchain itself

do not get into mining, rather, learn about the technology (I recommend andreas antonopoulos' youtube channel, he is excellent at explaining what a revolutionary technology this is and why it matters). The open, decentralized internet is coming for banking and many other applications/use-cases in much the same way that the internet came for the printing press / mainstream media television... it WILL consume/transform those industries and the way we communicate value to each other.

Once you have learned about it perhaps pick up small amounts of promising alt coins and a little bitcoin if you have funds. But never invest more than you can afford to lose; this is extremely early in the crypto space and no one can predict what will happen. One thing I think for sure though, is that some decentralized, open, trustless networks will thrive, and the wider industry/banks will move to try and protect themselves with permissioned closed cryptos (these are not true cryptos and in my opinion will be an extention of the current dystopian nightmare surveilance control network that the banks currently operate)

Otherwise, look at airdrops/giveaways and accumulate those for free, in time they may be worth something and you may be able to make a little bitcoin out of those without investing. IMHO bitcoin will probably survive and thrive, scalability and privacy enhancement innovations are coming thick and fast, but scaling is something that will happen over the next decade or two as the networks current capacity is used... this scaling is exponential in nature much like the how the internets infrastructure scaled, rather than linear, how visa/banks scale (barely/slowly and in a way that excludes the majority of the worlds population).

I wouldn't blindly go into investing in the market without knowing about market cycles and the technology, you "CAN" make a lot out of it and find financial freedom, but you will get rekt if you go in blindly and don't know what you are doing. The technology is about far more than "being an investment", that's just a side-affect of the central banking fiat ponzi bubble imploding

do not get into mining, rather, learn about the technology (I recommend andreas antonopoulos' youtube channel, he is excellent at explaining what a revolutionary technology this is and why it matters). The open, decentralized internet is coming for banking and many other applications/use-cases in much the same way that the internet came for the printing press / mainstream media television... it WILL consume/transform those industries and the way we communicate value to each other.

Once you have learned about it perhaps pick up small amounts of promising alt coins and a little bitcoin if you have funds. But never invest more than you can afford to lose; this is extremely early in the crypto space and no one can predict what will happen. One thing I think for sure though, is that some decentralized, open, trustless networks will thrive, and the wider industry/banks will move to try and protect themselves with permissioned closed cryptos (these are not true cryptos and in my opinion will be an extention of the current dystopian nightmare surveilance control network that the banks currently operate)

Otherwise, look at airdrops/giveaways and accumulate those for free, in time they may be worth something and you may be able to make a little bitcoin out of those without investing. IMHO bitcoin will probably survive and thrive, scalability and privacy enhancement innovations are coming thick and fast, but scaling is something that will happen over the next decade or two as the networks current capacity is used... this scaling is exponential in nature much like the how the internets infrastructure scaled, rather than linear, how visa/banks scale (barely/slowly and in a way that excludes the majority of the worlds population).

TL:DR- look at andreas antonopoulos' channel on youtube, he has fantastic talks and question/answer videos explaining the basic and more advanced aspects of crypto-currencies/bitcoin and why they are an interesting/important development

do not get into mining, rather, learn about the technology (I recommend andreas antonopoulos' youtube channel, he is excellent at explaining what a revolutionary technology this is and why it matters). The open, decentralized internet is coming for banking and many other applications/use-cases in much the same way that the internet came for the printing press / mainstream media television... it WILL consume/transform those industries and the way we communicate value to each other.

Once you have learned about it perhaps pick up small amounts of promising alt coins and a little bitcoin if you have funds. But never invest more than you can afford to lose; this is extremely early in the crypto space and no one can predict what will happen. One thing I think for sure though, is that some decentralized, open, trustless networks will thrive, and the wider industry/banks will move to try and protect themselves with permissioned closed cryptos (these are not true cryptos and in my opinion will be an extention of the current dystopian nightmare surveilance control network that the banks currently operate)

Otherwise, look at airdrops/giveaways and accumulate those for free, in time they may be worth something and you may be able to make a little bitcoin out of those without investing. IMHO bitcoin will probably survive and thrive, scalability and privacy enhancement innovations are coming thick and fast, but scaling is something that will happen over the next decade or two as the networks current capacity is used... this scaling is exponential in nature much like the how the internets infrastructure scaled, rather than linear, how visa/banks scale (barely/slowly and in a way that excludes the majority of the worlds population).

do not get into mining, rather, learn about the technology (I recommend andreas antonopoulos' youtube channel, he is excellent at explaining what a revolutionary technology this is and why it matters). The open, decentralized internet is coming for banking and many other applications/use-cases in much the same way that the internet came for the printing press / mainstream media television... it WILL consume/transform those industries and the way we communicate value to each other.

Once you have learned about it perhaps pick up small amounts of promising alt coins and a little bitcoin if you have funds. But never invest more than you can afford to lose; this is extremely early in the crypto space and no one can predict what will happen. One thing I think for sure though, is that some decentralized, open, trustless networks will thrive, and the wider industry/banks will move to try and protect themselves with permissioned closed cryptos (these are not true cryptos and in my opinion will be an extention of the current dystopian nightmare surveilance control network that the banks currently operate)

Otherwise, look at airdrops/giveaways and accumulate those for free, in time they may be worth something and you may be able to make a little bitcoin out of those without investing. IMHO bitcoin will probably survive and thrive, scalability and privacy enhancement innovations are coming thick and fast, but scaling is something that will happen over the next decade or two as the networks current capacity is used... this scaling is exponential in nature much like the how the internets infrastructure scaled, rather than linear, how visa/banks scale (barely/slowly and in a way that excludes the majority of the worlds population).

Plenty of people make tons of "money" in bear markets... hodl works well during bullish markets, but during bear markets you can still short your assets to increase your holdings massively. Ignore fiat value, accumulate satoshis/bitcoin. If you're not confident with trading, for sure holding your assets long term works well... you will get rekt if you try to trade without knowing what you are doing.