I’m almost 30 and I feel like I missed the #Bitcoin train. I felt like this for the last 5 years. Am I too late to the party? I’m aware of decentralization but if there’s someone willing to help me understand better what Bitcoin is I would be forever grateful ♥️
#asknostr #grownostr
You're never too late to Bitcoin frien
but u do have ~35 months before it becomes unbelievably difficult to obtain even 1M sats; more so illegal
Is it because of the halving? I know it becomes more difficult to mine with every halving.
I just zapped you…and you didn’t need permission to get it, and I didn’t need permission to send it.
I noticed that, I also zapped a little over here but I’m new to this platform and have to understand how things work. Decentralization is the future and I have some knowledge about it but I’m interested what Bitcoin can do outside of being the best alternative to FIAT.
I think I should learn web3 to get the best idea, I just don’t know where to start.
Well I don’t know about all that, I’m left tail average IQ curve. But I know you’re not late!! lol
Not too late. Maybe for the $1 to $100k gains, but it’s going to continue to surprise people I think.
Yes, I know I’m not going to become a billionaire at this point in time, but I’m asking myself if I start investing from now, how much would I make in the next 15-20 years. I don’t want to work myself to the grave 😄 but I also think I have a bad idea, the idea shouldn’t be to convert my Bitcoin to FIAT when I get to 50yo. The idea is to own your own money.
It will continue to go up in value I think. Index funds too. Fiat always goes down. That simplifies the equation for me.
Everyone feels like this. We're so early yet. Just keep fiat mining as hard as possible and stack sats, especially at this point in the cycle. Maybe ease off the gas in a yr
Never too late. And never a bad time to buy, there are just better times, like 5 years ago. But you are where you are. Just stack what you can as you can. We are still very early.
If you want to understand bitcoin better, here are a couple educational resources:
river.com/learn
casebitcoin.com
You should also check out content from nostr:nprofile1qqspnzgrfett3asxcuj0gksje6z2zxzpvgd27uvz58m9vsuqh8zzw6cpr9mhxw309a382emdv9hzumt8w4ujumn9wsargwp58qq3vamnwvaz7tmzv46xztnwdaehgunfdshxxctdqydhwumn8ghj7en9v4j8xtnwdaehgu3wvfskuep0w3hku7gpewmsc. He has great tutorials on YouTube.
You can never be late to #bitcoin , just less early. 🔥💪
Welcome to the orange train 🚂🧡
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In a nutshell (okay, let's try this and keep it short... 😮💨)
Bitcoin is the discovery of a set of rules and incentives paired with cryptographic technologies that enable it to produce a set of records that is protected directly by time and energy.
It comes with units that are treated as monetary units and its use as part of the incentive mechanism makes it just as important as everything else. This is why it cannot be repurposed for other non-monetary purposes.
The rule is that the set of records with the most amount of time and effort invested into it is the truth. This is why other proof of work Cryptos cannot compete and without proof of work, the rest of them are hardly revolutionary and actually reinvent fiat money with extra steps.
Bitcoin was developed off the backs of many years of research and development and failed attempts, but it hit the sweet spot. It will not just go away and with its hard supply cap and it not being comparable to anything else, it is uniquely hard money and it is effectively inevitable to become the next money used around the world.
The only thing that could kill it is an undiscovered but critical bug that can only be fixed by changing one of its core principals, such as its decentralized nature.
So no. I don't think anyone can ever be too late. If the question is am I too late to get ultra rich, maybe, but probably not. But if the question is am I too late to acquire and use better money, the answer is never yes.
Actually, it is precisely because it is never too late to buy bitcoin, that it is not a bubble.
Well this was very helpful, thank you for taking the time to explain it to me.
Actually I was already pontificating on a related topic. I just published my article.
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What do you need to grasp next?
How can I safely buy Bitcoin without KYC, what are the best way of storing my Bitcoin, are there any other uses except for financial exchanges (can one build apps and websites on top of the blockchain). Those are just some of my questions. Might sound stupid, I’m a tech savvy but I have no proper knowledge of cryptocurrency and blockchain.
Robosats is good, you need to access it over Tor so you need a computer or an android phone, never been able to get iPhone to work.
If your just starting out a simple software wallet will suffice then over time you can learn about hardware wallets “signing devices” and passphrases, multisig etc.
Store your seed phrase offline.
That’s a good enough start then learn from there.
Learn as you go. You are not too late. Perfect is the enemy of progress.
Get off zero!
Only proper NON KYC in my opinion is to buy Bitcoin directly for cash. Hand to hand. Otherwise you still leave a digital footprint in the banking system itself.
In Europe we use vexl.it from czech group Satoshi Labs. It works wonders. But I don’t know about community in US.
There are also a ton of Signal and Telegram groups in which you can arrange a meeting f2f (or should I say p2p).
I’m in Europe. I will try this, thank you!
Couldn’t you open a lightning channel using KYC Bitcoin and just keep the money within the lightning system forever? Just exchange it back and forth for goods and services?
One has to understand first why the fiat system created by the rich and governments is failing us. Bitcoin is an attempt to fix the money system by having a system not controlled by the rich and the governments.
fiat - your purchasing power devalues over time.
BTC- your purchasing power increases over time.
This is the basic difference between fiat and BTC. Now do you want money to work for you or do you want to work for money?
Don't blame yourself for not understanding because we've all been lied to for so long we become blind to the risks of the fiat systems in place today.
Reading 'The Creature from Jekyll Island' in 2008, opened by eyes.
I’m even a little bit afraid to ask about Bitcoin 😄 I know a lot of people are big advocates and I feel stupid for not knowing what this technology is after being around for so long. Thanks for your answer!
There so much wrong in this comment.
1. Banks are all working on blockchain money to deploy it as soon as possible, bitcoin is making that possible.
2. BTC increases in value because there are more people investing in it. Ponzi scheme and speculation can do the exact same think, just look at memecoins.
3. Money doesn't work for anybody, it is people that works. Money can change in value by working or through lies/speculation.
4. There also many lies about bitcoin. Starting with the mystery of Satoshi, which is likely Adam Back, CEO of Blockstream and by far the biggest influence controlling the code of bitcoin.
As for investing. The first miners are the new 1%. Then, those who invested when it was really cheap. By now that big banks and financial institutions are buying bitcoin, it's just a matter of time for the take over and transition into CBDC.
NEVER TOO LATE.
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So short answer no, definitely not. Very long answer … listen to this amazing series of podcasts that put Bitcoin in the context of the great technological break throughs of civilization. It was part of my ‘orange pilling’ process and they a fun listen too. https://youtube.com/playlist?list=PL2jAZ0x9H0bQFY6wIbQfnrnIlqMcSHd6X&si=Tw7KrHtqntUEh_BS
