Good question. Because I feel that maybe it’s on the top and can’t go more up, or at least get my initial amount out at the moment. What do you think?
That you have completely misunderstood the essence of btc.
Don’t be crazy, if you want to buy a shitcoin choose the USD, not those jokecoins called USDT USDC DAI etc
Ah @JohnnyDoe I really hope you are so right and I am so wrong. So your suggestion as I understand is KEEP KEEP BTC. Ok and then what? For ever and ever?
Yes. Or until you need to buy some real asset with a portion of it.
Yes
Read the forum
Not entirely your fault. You are bombarded by propaganda. But at the same time you can find all the information you need from many good sources. OCT being one of them, it seems you are on the right track.Thank you and please accept my sincere apologies for my stupid - probably - questions.
You mean real estate? Hard! In many countries they want to see the money coming in to change the title to your name. UNLESS it's a shaddy transaction of a property owned by a shaddy company and you buy the company with crypto... shaddy
I promise to do but can you give me some more info on this?
Brainwashed. Anyway, if you find such limitations, they are a good indication that you must run away from that country.You mean real estate? Hard! In many countries they want to see the money coming in to change the title to your name. UNLESS it's a shaddy transaction of a property owned by a shaddy company and you buy the company with crypto... shaddy
Explore the forum, read the experiences of others. There are interesting posts on inflation and monetary policies, as well as plenty of users reporting their problems with frozen funds, mafia state etc.
Not a specific country. Many! How they will "tax" you if they don't see the cost/money? There are minimum costs for SQM in many countries etc. Unless you talk for 1-2 specific countries, I'd like to know them (especially if they are tax-free). Don't tell me UAE, never ever for me especially after the 9% and the - still - unclear things in the corporate tax.
Frozen funds? In a normal bank??? Mafia state? What is this?? Please give me some links or details I don't know where to start. THANK YOU!!
If you worry so much, might as well start DCA out. But BTC is used for legit transactions - you can send BTC using your Cashapp balance for instance. For illicit activities Monero is used more these days.Ah @JohnnyDoe I really hope you are so right and I am so wrong. So your suggestion as I understand is KEEP KEEP BTC. Ok and then what? For ever and ever?
I feel like I have a very high-expensive tissue that I can't use as money (for legal things as I'm not into shaddy and illegal), and are locked there on the descrition of any scammer-maybe "exchange" in case I want to cash them. Am I feeling wrong?
And then I start considering how all these people is using it? Or maybe its not for the white things of life? ...
And then - my thoughts - go to my initial capital that for me is very important amount and I don't want to see it dissapearing one morning, which I personally believe that will happen. And why? because it's somehing that noone knows what it is... where it is, who is managing it. Tell me, WHO you have to chase / go for if tomorrow morning you see that the BTC / ETH and all these simply dissapear???
Thank you and please accept my sincere apologies for my stupid - probably - questions.
The Westerners don't know what inflation is. At least you can put money into SP500 (up 20%+ this year), Western real estate (up x2 or x3 in the last 5 years)? Try being from Turkey or Argentina where even USD cash is a great hedge against national inflation and you can't even keep it safely in a bank to get at least 5% yearly on it, not to mention not having access to SP500...
Hey @wellington thank you!! Defi is for long term storage correct? I need to start learning a lot I assume.. with defi I can convert to cash and send to account? Thank you
Thank you what is the DCA???
