When your wife buys you socks like this…you have to wonder if you come on too heavy with the ₿itcoin talk!! 😂
Let it be known, whenever I speak of #Bitcoin , I do not see it as just a means to attain the next Bugatti or whatever “bling bling 🤑” in this dunyaa. Our goals need to be higher and loftier than that. That’s why it pains me so much when I seen our brothers & sisters Uber hyped over the “latest shitcoin” seeking the “pump”. That’s not what we’re about. We seek to live by Islam, to fulfil Allaah commandments on earth and from them is to do what we can to exit Riba, be free from it & strive to fight it where possible. If your goal is to just collect more fiat, then our goals are not aligned. We are not on the same team.
This is why some ppl struggle to understand why I live the ₿itcoin standard when the price goes up AND when it goes down. When people ask me about when ₿itcoin will hit $100+k my reply is “but it works fine right now!!”
Listen to the advice of @ShahidkBolsen to understand how we all seek paradise, but some people’s paradise are more immediate than others.
Hopefully I’ll see #[1] when I’m there !!
I will be taking part in this conference on Indonesia 🇮🇩!! Speaking about Bitcoin from an Islamic perspective. Looking forward to it. Never been Indonesia before, or even that side of the world. I hope to pass by Malaysia 🇲🇾 as well and visit the Bitcoiners there.
indonesiabitcoinconference.com
@Omarel65
I’ve pretty much addressed all the objections on my channel and here is a playlist of them. If the answer isn’t there please let me know.
https://youtube.com/playlist?list=PLtRogBGF3LT3CKeBZgIBN-2FXChEH-Xcq
Also, I’ve addressed two individuals specifically here, so the answer should be there also:
Aasim al hakim
Tarek El Dewani
Faris al Hammadi
Don’t worry about what nation states do with their money. You will not be asked on the day of judgement about what others did. You will be asked about your own money and what you did with it. Not to mention what your participation in the riba system.
Yeah, sure, if all their activities is halal.
Oh wait…Apple offers 4% interest on your account, sells haraam media, and apps. Hmm 🤔
Halal Crypto List
1) Bitcoin
I hope that helps you.
Wa salam
Get ₿itcoin from wherever is most convenient, cheapest and most preserving of your privacy. Don’t get from places that don’t allow you to withdraw your ₿itcoin and DONT leave your ₿itcoin on exchanges. Learn to take custody of your wealth. Also, check out @bisq_network and @peachbitcoin for private purchases of BTC.
I’m not the person to ask about shitcoins. Stick to BTC and get a normal job like everyone else.
@Abdullah_Asaedi
و عليكم السلام و رحمة الله و بركاته
Yes, ₿itcoin is like any other currency and therefore permissible to make money (ie more fiat) from money exchanges like you would from gold to silver etc. Just make sure you understand & know the rules of money exchange so as to avoid Riba.
I have a video on YouTube that will help you with this.
ALSO, any platform that does not allow you to withdraw either currency is not permission or to use. For money exchange to be permissible you need to have full ownership of your money. If you can’t withdraw, then it isn’t yours.
Last piece of advice, you need to have the correct metric when measuring your ‘apparent success’. If you’re not building a greater amount of #BTC with your activities, then you’re losing out and you would be better off just DCA’ing your BTC. You DONT want more fiat, you want more BTC. If I told you that there was only 21 stones in the park but an infinite amount of grains of sand, which one should one try the acquire?
I think it’s great. #BTC is money with a limited supply and fiat by design must inflate and does not have a limited supply (QE infinity!!), as there is more money owed than there is in circulation. How can anyone be more bullish on Fiat’s monetary policy over #BTC ?
It is fiat. All you’ve done is to give the responsibility of holding that fiat to tether who not only earn interest on it, but go out into the market & buy interest bonds. This is essentially the same as a 0% Credit account with the bank, but with added tether counterparty risk.
In fact, usdt is a claim for usd which is also just a claim. So usdt is fiat of fiat lol.
You can use a bot, program, tool or person to trade on your behalf to make money. That’s fine. BUT…if someone promises you that THEY have a bot that will trade YOUR money and they promise you to give you X profits, then this is often a ponzi scam. But if you programmed your own bot, and know with first hand knowledge that actual trades are taking place, then that is permissible in accordance to Islamic law.
Whether you ‘should’ do it is another question, and I wouldn’t give too much confidence to bots. They only execute your instructions as you’ve told it, and are only as good as both your plan, the market movements and your timing. If you know how to trade and just need fast execution, then useful, but if you can’t trade anyway, or are new to this, then it won’t help you as much as you think it will.
My advice is to DCA into Bitcoin, try to live that standard by “spending and replacing”, and by finding a useful job like everyone else.
Futures are a tool used to lock in future prices for X product/item. That is fine in islam, in which we (Muslims) call it ‘Salam’. BUT, for it to be permissible you have to give the money up front for the product to later be delivered. This is not how futures work, especially as it’s often not even settled with X product, but just trading prices, and therefore no permissible.
This fiqh course I delivered last year will help you navigate your trading needs, as we cover what types of transactions are permissible, what is Ribaa and more importantly, how Salam works.
https://metamadeenah.com/courses/fiqh-of-business-part-1/
Here is one of the lessons made available on YouTube for free:
CSW is attacking all open source development. https://bitcoinmagazine.com/legal/jack-dorseys-bitcoin-legal-defense-fund-prepares-for-tulip-trading-case
They faketoshi is such a NOB!!! He is SO working for the feds, no doubt. That or he is clinically insane.
After decades of trying to hide inflation and the devastating effects of it, we’re at the final boss stage where they simply say “You’re just gonna be poor…accept it”
That feeling when someone pays you for something in #Bitcoin or when you are the one paying!! There isn’t much like it. It’s almost an added reward on top of the value acquired.
For those who say “Only HODL” are robbing themselves from this unique moment of joy!!
Fiat is dead 💀
And for a Muslim, it’s even more joyful transacting without fiat, riba or bank involvement. That final settlement. Product/Service given, money exchanged, all ties concluded and finished!! As it should be.
This is the way!!
He’s already there… 😉
Facts lol 😂
