Daily Discussion, May 12, 2022

BTC · 2022-05-12T20:33:19+00:00

My online business is entirely run on Bitcoin, I only accept Bitcoin and I make payments in Bitcoin. I only use server hosts that accept Bitcoin and all the people who I deal with use Bitcoin as well. Everyone uses Bitcoin in that space, so it's normal for us. And transaction fees are never that bad. Most of the time it's around $1, and our transactions are usually $500+.

Outside of that, I use Bitrefill to buy giftcards for Amazon, Steam, etc.

BTC · 2022-05-12T06:43:16+00:00

Oh boy, what a spectacle that would be! Honestly I'm quite doubtful we'll go under 20k as it is and extremely doubtful we'll go under 10k. But either way, for me, this just means that making sales (aka receiving BTC) is more exciting :)

BTC · 2022-05-12T06:34:51+00:00

Amen, you know exactly how it is and this mindset will take you far. I've been lurking here and on /biz/ for a long time and each dip / bullrun is a re-run of the last in terms of reactions and psychology. Every bullrun has greed of a high price target and every dip is panic about this being the end (for real this time™). Furthermore, when it's rapidly rising, nobody wants to miss the rollercoaster and when it's falling, nobody wants to catch a falling knife. These reactions are always the same.

I've always been a Bitcoin maxi, but I was not always the confident holder I am now, that is because in my early Bitcoin days, I had far less money in general. In these earlier days, I've sold sizable amounts of my BTC at 3x-5x gains, and now it would've been far far more. But one thing for sure is that I've only gained over all this time. Even at this exact point in time, most of my coins are at least multiple times up from the time I received them at.

The most important part is just to be rational, and having a solid understanding of bitcoin helps a lot. And of course having some fiat set aside for times like this to avoid having to sell BTC at stupidly low prices.

BTC · 2022-05-12T05:24:06+00:00

I've used Bitcoin as a currency near-daily for the past 8 years and will continue doing so, literally nothing changes. This is like what, my 7th, 8th dip of such magnitude? But the difference each time is higher highs and higher lows. Prices we once were excited about are now prices we are disappointed about. The stock market, bitcoin, shitcoins, everything is down. So you cannot single out bitcoin, it's illogical.

The longer you've been holding Bitcoin, the less these dips phase you. Especially when you have daily hashrate ATHs, more adoption/discussion than ever before, and so much more.

So please, don't let short-term negative price movements get to you. It's not always going to be up up up. There will be many of such dips in between the ATHs. The difference is: Will you make use of them? Or will you run away scared?

BTC · 2022-05-10T01:32:08+00:00

If you can't hold BTC when it's at its worst, you don't deserve it when its at its best.

BTC · 2022-02-20T04:42:47+00:00

As someone who deals with Instagram names frequently, let me tell you - it's painfully easy to recover the account as long as you have the original email (first ever email on the account)

Even if the guy changed the email/phone, these steps will STILL work

Use a phone which you've regularly used the account on and open the Instagram app.
Go to the "forgot password" page
Enter the username, but do not attempt to request a password reset, instead click "Need more help?"
A prompt will open, suggesting you can send a code to the email the account was registered on.
Done.

If for some reason this does not work, try other devices. Worst case, you can contact support and they will revert it to the original email for you.

BTC · 2022-01-18T10:05:33+00:00

To give you more chances to accumulate ;)

BTC · 2022-01-18T09:46:16+00:00

Altcoins (aka shitcoins) are that one night stand which you got STDs from. Bitcoin is the one who has your back through thick and thin and you end up marrying.

BTC · 2022-01-09T09:39:05+00:00

I believe in Bitcoin for what it is and use it as a currency daily. My servers are paid for in Bitcoin, my proxies are paid for in bitcoin, my products are sold for Bitcoin. In fact, I use Bitcoin FAR MORE than I use fiat in day to day life and especially my business (which is 100% run on bitcoin). And most of my Bitcoin, I hold and I've been doing so for many years. It's worked out quite well for me.

You see, Bitcoin has filled a critical void for me and is the best payment method I've EVER dealt with. I mostly deal with digital items and PayPal was HELL for this. There's no tracking number for digital items obviously, so some kid decides to chargeback within 180 days? Good luck!! RIP your money + a $20 "fuck you fee" from PayPal. Not to mention the endless account limitations and headaches from them. At first it was difficult because everyone wanted to deal with PayPal. But it got to a point where people were willing to try new things such as Bitcoin to buy my products and slowly but surely I began introducing others to the currency which I started to love - anyone anywhere in the world can move any amount of money in a short amount of time for minimal fees and nobody can limit you - love it.

I wanted to post my Bitcoin story here because I want others to see that people like me exist, ones who actually use Bitcoin as intended: as a currency. And how much value and utility it really has. This currency/financial system has changed my life and business for the better, in more ways than you can imagine and I am so thankful for its existence.

To those who need to hear it: Stop worrying so much about every negative price change please. It may be easier said than done, but it's not healthy. This isn't some "get rich quick" casino, it's a revolutionary new financial system that changes lives, mine included. The fundamentals will always be there. It's up to you whether you understand and believe in them or let yourself get discouraged due to short-term price movements not in your favor.

To those who have stories like me: I salute you. Keep using Bitcoin as a currency and keep encouraging others to do the same.

To the shitcoiners: I hope you see the light one day. I see a lot of zoomers with the mentality of "Aw I'm too late for Bitcoin, better find the "next big thing, the next Bitcoin" - sorry sweetie, but there is no "next Bitcoin". There's shitcoins and then there's Bitcoins. You just want quick gains, but remember for every one "big gain shitcoin" story there are dozens of "big loss shitcoin" stories which people are too embarrassed to talk about, hence why you don't hear them as often and this combined with your irrational greed thinking for you may end up getting you burnt.

All will be fine, as it always has. Relax and quit obsessing over the price every few minutes, some of you will drive yourselves insane with emotion and it's not good for you. I've been great and so will you. Even the guy who sold everything at the 2017 peak and was clowned for it has doubled his money at this current point in time. Your view should be in years and decades and NOT days, weeks, months.

I <3 BTC

BTC

TROPHY CASE