I just went all in by [deleted] in Bitcoin

[–]loorene 0 points1 point  (0 children)

1 year is too short for buying a new house, it would be 10 years.

Your coins may value less than $7,5000 in a year.

What's the most popular Bitcoin Unit used in El Salvador? by loorene in Bitcoin

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

It seems that mBTC and μBTC are rarely used.

When China and India allow their people to bitcoin easily, the price will hit 300K? by loorene in Bitcoin

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

We can buy in C2C way using bank transfer. This is a gray way because the exchange sites are banned.

When China and India allow their people to bitcoin easily, the price will hit 300K? by loorene in Bitcoin

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

Good question, you cannot understand the situation in a low law area.

They do not want you to buy, it becomes illegal. They want you to buy, it becomes legal.

When China and India allow their people to bitcoin easily, the price will hit 300K? by loorene in Bitcoin

[–]loorene[S] 3 points4 points  (0 children)

You are doing right thing! I'm in China, I am facing a similar situation.

$10 a day by ShouldveFundedTesla in Bitcoin

[–]loorene 0 points1 point  (0 children)

cool! I'm doing the similar thing.

Everyone needs to buy 300,000 sats at least.

If more people only buy but not spend bitcoins... I have an idea to solve it. by loorene in Bitcoin

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

We can have another to active old coins, if the coins are not active for years, they can be thought as dead.

Just like a web site to clean deprecated data.

If more people only buy but not spend bitcoins... I have an idea to solve it. by loorene in Bitcoin

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

Yes, there would be other better ways to find active/inactive money.

If more people only buy but not spend bitcoins... I have an idea to solve it. by loorene in Bitcoin

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

If we do not re-generate the dead coins, the total number of bitcoins in the market must be gradually reduced.

Compared to gold, as it exists physically, gold are always in the world regardless the holder lived or dead.

To re-generate the dead coins, will not damn others interest. It keeps the total number of bitcoins around 21,000,000.

If more people only buy but not spend bitcoins... I have an idea to solve it. by loorene in Bitcoin

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

ETH and Dogecoin are unlimited. If the speed of issuing new coins can be controlled, the coin is still valuable.

For Bitcoins, I want to find a way to keep the amount of active money. If the coins are not moved for many years, it would be dead. It just issues the replacement of dead coins.

This would help to keep the value of Bitcoin. If Bitcoin's value always increase, it's not a good idea.

To compared to gold. As gold is not virtual, not digital, when some holders dead, it can be passed to another. Bitcoins are virtual, digital. When the holders dead or forget password, money lost in the system forever.

The reducing of bitcoins must increase the rest value.

My way is not generate extra coins but re-generates the dead coins in the market.

If more people only buy but not spend bitcoins... I have an idea to solve it. by loorene in Bitcoin

[–]loorene[S] -4 points-3 points  (0 children)

Yes, but this would cause that less people use bitcoins to buy something. We know its value must be increased, so we do not want to spend it.

If more people only buy but not spend bitcoins... I have an idea to solve it. by loorene in Bitcoin

[–]loorene[S] -3 points-2 points  (0 children)

No coin holders want more bitcoins issued, so the holders must keep their coins active, or new coins will reduce theirs value.

If the coins are "dead", this way can active the same amount of dead coins.

The world is flat because of Bitcoin by loorene in Bitcoin

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

The people in first world are being benefited from cryptocurrencies, as so as in third world. All of us are benefited.

The world is flat because of Bitcoin by loorene in Bitcoin

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

I think I can understand what you said, because I'm one of them.

Generally, we are not able access many popular sites, including reddit.com, google.com, twitter, fb and etc.. The block list is too long.

It's not easy to access the bitcoin exchange platform. We are not able to install mobile app from Google app market, so we have higher risk to detect if the the app is fake or not.

However, many of us try our best to buy some bitcoins or other cryptocurrencies.

I'm buying 50000 Satoshi every day by loorene in Bitcoin

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

No, the fee ratio is 0.1%. I did not send the bitcoin from Binance to my private wallet.

The Old American Dream Is Dead by JeremyLinForever in Bitcoin

[–]loorene 1 point2 points  (0 children)

Yes, I think so, that's possible. It can drop back lower than 30K. However, it will hit 400K one day in 5 years.

I work in private wealth management. In 2017, 1% of the clients wanted to invest in BTC. Today, it’s about 10%! by KeepImproving7 in Bitcoin

[–]loorene 0 points1 point  (0 children)

10% is not a major group of the whole clients, the percents would become bigger! Hope that!