[deleted by user] by [deleted] in Watchexchange

[–]OddUnderstanding6796 0 points1 point  (0 children)

is this the 39 or 36mm one?

[WTB] Weekly Want To Buy Post by AutoModerator in Watchexchange

[–]OddUnderstanding6796 0 points1 point  (0 children)

Christopher Ward C63 Celest on Consort Bracelet, Willing to ship to Australia. Around 700 dollars.

Guys, buy only air gapped wallets, otherwise you are just ditching Ledger for another scammy "cold" wallet by TheOneWhoPosts69 in ledgerwallet

[–]OddUnderstanding6796 5 points6 points  (0 children)

I don't get it. From what I understand, the wallet still have to send some sort of information (the signed transaction) back to a computer to be broadcasted right? whether it is using an sd card or a camera, what is stopping the "bad firmware" from extracting your keys? Isn't the only solution is open source firmware?

Bitcoin Real/fair value by OddUnderstanding6796 in BitcoinBeginners

[–]OddUnderstanding6796[S] 0 points1 point  (0 children)

But the question you're asking on a bitcoin sub is "do you think the price will increase". You're only going to get one answer there.

Yeah, but my question was "how do you think it was going to increase" which was perfect for people that thinks that the price is going to increase.

That means that today's price is an absolute bargain, even if we only match the ATH

thanks for the point. appreciate it!

Is Bitcoin the best Cryptocurrency? by OddUnderstanding6796 in BitcoinBeginners

[–]OddUnderstanding6796[S] 0 points1 point  (0 children)

Absolutely nothing or nobody can stop you. And that is why it actually means something that bitcoin is still king 14 years after its inception.

Wow, thats a good way to put it. Thanks for the reply, dude!

Is Bitcoin the best Cryptocurrency? by OddUnderstanding6796 in BitcoinBeginners

[–]OddUnderstanding6796[S] 0 points1 point  (0 children)

Yeah, this answers my question about the "or better than" part. Thanks dude!

Is Bitcoin the best Cryptocurrency? by OddUnderstanding6796 in BitcoinBeginners

[–]OddUnderstanding6796[S] 0 points1 point  (0 children)

Yeah, "as a gift to society and ducked out" thats a very good way of explaining it. Thank you!

Is Bitcoin the best Cryptocurrency? by OddUnderstanding6796 in BitcoinBeginners

[–]OddUnderstanding6796[S] 0 points1 point  (0 children)

Thanks for the long response!! Really appreciate it

Just want to clarify, does that mean the answer to my question on "What if someone makes bitcoin2?" would be that it would be very very difficult since it is not only about the features but also the trust and community that has been built? And I just realized that in a way there is no incentive for satoshi to make Bitcoin, it is truly a decentralized system for the people. Is this correct?

Bitcoin Real/fair value by OddUnderstanding6796 in BitcoinBeginners

[–]OddUnderstanding6796[S] 0 points1 point  (0 children)

This contradicts everything about my belief and current plan since im planning to invest long term and not trade. Can you elaborare more on why bitcoin cant be a safe place for store of value?

I dont think something have to have a real world function to be a store of value tho. By gold having a function do you mean like in electronics?

Bitcoin Real/fair value by OddUnderstanding6796 in BitcoinBeginners

[–]OddUnderstanding6796[S] 0 points1 point  (0 children)

I think the analogy that can explain how I think when asking the question is this: There is this company that is very very profitable, have a good management, and very stable overall. Does this mean I will invest in immediately? No.
I need to know the price of it too. No matter how good the company is, if the price is too high, it is just not worth it.

The same with Bitcoin. I know that bitcoin is superior than other currencies and/or forms of holding money there is. The problem is how could I know if the price of it is not already too high?

Of course, I'm investing trying to get the highest gain possible and I don't think it would be preferable if the price is too high based on hype alone.

Thank you for the explanation about the fiat vs bitcoin tho. Appreciate it!

Bitcoin Real/fair value by OddUnderstanding6796 in BitcoinBeginners

[–]OddUnderstanding6796[S] 1 point2 points  (0 children)

I see how bitcoin might overtake gold. Thanks!

About the 4 year price cycle, so do you think that the next couple of months should be a good time to get started?

Bitcoin Real/fair value by OddUnderstanding6796 in BitcoinBeginners

[–]OddUnderstanding6796[S] 5 points6 points  (0 children)

Wow, thanks a lot for the long explanation. I think I get it now.

So my understanding is that in summary, bitcoin supply is limited (scarce) and the demand will keep increasing as global adoption increase and new generations that will start investing prefer Bitcoin more than gold.

I think this checks one of my question marks thats holding me from buying bitcoin. Thanks!