Bitcoin Forum

When I think of the few Bitcoin I have, it gives me joy.

For the past 2years I have been into cryptocurrency, I have come to understand that Bitcoin doesn't just give you value, it also gives you security, even last year February when i was just a few month old in experience, when the Ukraine Russian war drove down the price of Bitcoin to 15k most people lost hope. people where saying all sorts of discouraging word about Bitcoin and the crypto industry, I still have faith, and Bitcoin proves me right, he rallies back without remorse.

All In all,
All what Bitcoin have been through from the hand SEC, government and external issues that affected it,
It still stands strong,
 one of the best gift we can give to our children as inheritance is to accormulate as much Bitcoin as possible, because after now, the value will be priceless. Bitcoin is here too stay because it's the future of money

The BTC network is secure, but the BTC's people store in their wallets locally isn't secure by default, the users have to secure their wallets themselves by using airgapped or hardware wallets and providing secure backups of their recovery phrase, etc.
Talking about the sec, i guess you mean the delay in approving BTC spot etf's, and their regulation of crypto exchanges, take note that the BTC network is secure and decentralized and no institution can control or have any effect on the network in itself, they can only make policies or decisions that can influence the price of BTC.

Good to know that your Bitcoin investments are doing well, congrats on that, i'll say the same to myself too, as mine brings me joy as well but it's important to know that crypto market is very unpredictable and is bound to face challenges in the future as well. so there are no 100% guarantees of anything that will happen in the nearest or far future, therefore my advise to everyone is we should all tread carefully and trade wisely.

It is known that the Bitcoin market has the capability to recover.  We have seen it on the Bitcoin history chart that whenever the price of Bitcoin plummets, Bitcoin comes back with a rally of its own surpassing the recent all-time high and even recording a series of ATH-breaking events.

Aside from that, the adoption of Bitcoin is unstoppable even if the government bans Bitcoin, its citizens keep on engaging with Bitcoin making the government give in and accept it with some regulation being implemented.

I admire your passion for Bitcoin, being persistent with your coins and investments, and not being disappointed during the bear market; that's important, but I'll have to disappoint you regarding the SEC you mentioned. I'm guessing you're referring to the incident against Binance.US a few months ago, which did put a decent dent on the market. However, the lawsuit didn't include Bitcoin; it was after a large number of altcoins and tokens that were labeled as securities, which also included BNB, Ripple, Dash, and plenty of others. Bitcoin was never mentioned as a security or a liability. So yeah, the government is yet to go against Bitcoin, nor does it claim it as a security.

It wasn't just Ukraine-Russian war that led to drop in the price of Bitcoin in 2022 to levels below $16k but there were other factors involved as well. One of the worst event that led to sudden drop of Bitcoin in 2022 was depegging of TerraUSD and and sudden price drop of Terra Luna due to over supply. That useless coin created fear in the minds of the investors and the rest was done by the so-called influencers who were just there to make money out of the ad revenue from YouTube and promoted fake news about crypto world.

Another worse event that caused Bitcoin price to get dump was the failure of Celsius network due to bankruptcy. That company lent a lot of money to investors and suddenly when it went bankrupt the crypto-market has seen another huge dump.

The final value drop of Bitcoin was done because of that so-called centralized exchange FTX which caused the Bitcoin value to go below $16k levels. People were very happy with the FTX exchange and they have deposited a lot of their Bitcoin and other crypto-currencies into the wallets of that exchange. When that exchange went bankrupt all of the users lost their money and that caused the worst fear in the crypto market.

The Bitcoin enthusiasts found opportunity to accumulate more and more Bitcoin during those events and most of them are still holding their Bitcoin in hope that in 2024-2025 Bitcoin will have another ATH and then some of those enthusiasts may sell few of their Bitcoin and wait for another bull run in order to accumulate more Bitcoin.

Among other cryptocurency existing, Bitcoin is the most trusted and securest to invest into because it has proven severely why it's the coin to depend on as you can be guarantee that your investment isn't going to be wasted unlike when you invest into altcoin that there future aren't guarantee as they mostly get pumped and dumped. Bitcoin has a four year price cycle as after every bear market, it's design to increase back in valued after Bitcoin halving so if when you invest during the bear season of the market, you can be guaranteed profits in the bullish season. Bitcoin price can't stay bearish forever as the price will always find its way back up after sometime of bearishness.


We're at the early stages of Bitcoin adoption and possible seeings the cheaper price one Bitcoin will be worth so now is the best time to accumulate bitcoin not just for ourselves but for our bloodline because in the future when Bitcoin will be more valuable and acceptable, it would be of great regret if we didn't Invest in Bitcoin as we missed out on a life time opportunity of profits, investing in Bitcoin will be giving in the future. Bitcoin is going to be around for a long time and will reward those who'll have patience to invest and hold.

Certainly one of the best things that we can hand them as inheritance but it's also good if you're able to sell at the peak or high price and then buy them other fulfilling assets like land properties which they don't have to deal with such volatilities. Not really a problem if we hand them over one bitcoin or a few of them as the value grows higher over time. But as we take the risk for now, we don't know if our children will be able to handle the risk that it has. They're unlike us but who knows if they'll be able to show or inherit as well the risk management that we've got.

No doubt that it's here to stay and about being the future money, it's like one of the common beliefs that I've had when I was new but it'll change over the period of time and as years pass by. But we're on the same belief that it's certainly here to stay and not just about it as future money but as a great store of value.

If there was much hope when Bitcoin was in its earliest days, there's much more now when Bitcoin has already earned the trust of many across the world. Bitcoin is so much stronger now. If all those efforts to kill Bitcoin were all big failures in the past when Bitcoin was still unknown, further efforts against it when it has already grown much more formidable will all be nothing. If we go back to what Bitcoin has gone through in the past to arrive at what it is today, I don't think somebody reasonable would worry about its future.

The Russian war had nothing to do with bitcoin dropping to $15K. The Russian war had the biggest impact on price of oil and Russian currency. The reason why it fell to $15K was due to the FTX scandal.

FTX was #2 largest exchange in terms of volume and the SBF owner was trusted by many individuals, so when it went bust, trust was lost in the community. And hence it had a huge dump to $15K.

BTC and ETH held up pretty well. Look at other coins such as SOL which basically lost a significant amount of value. It wasn't a good time for crypto but we all survived.

I agree.


I don't think it's exactly the future of money, as we already have plenty of alternatives for it, and more than we will have, with the shitcoins that are being created all the time, plus CBDCs. Money as an exchange mechanism is something that people don't want to save and instead it is worth saving bitcoin, so I think bitcoin in the future will be like at the present but with much more value, as the best store of value in the world.

I have heard from experiences that Bitcoin will shine very brightly whenever the price goes down, and it has reached a better position than the previous one. And the price will increase in a way that we may not have imagined It is not right to do anything by blindly believing only one should have proper knowledge and a lot of experience in trading or anything else or little knowledge will be dangerous.Although many countries and institutions have banned this currency, its progress has not stopped.Security is very important to Bitcoin as this currency is supposed to be secure and has up to now confirmed this idea.Prices have been falling since 2022, but I think it is oversupplied because of the front Maybe that's why halving is happening and everything is quiet before the big change It is wise to save for the future by looking at the past days of this system rather than judging the future by looking at the current market value as this digital currency will rule the days ahead.According to many, the value of this currency has decreased due to the war in Russia, so I think it is baseless because it did not happen only with Russia, but with the whole world.In conclusion, since Bitcoin is always struggling and will continue to struggle, it is wise to save for the future. The belief that there was in the past, now there will be in the future, and there will be in the near future will be created very soon.

A currency's potential and strength are tested in difficult times. Bitcoin is an asset as well as a currency. Bitcoin has survived the worst economic conditions thus far, and if we look at the past trends, it is clear that Bitcoin bounced back stronger after a price dip. After this prolonged bear market, people are losing hope, but I think the worst is over, and now we will be going to the moon in a year or so.
Invest in Bitcoin for the long term and have your much-needed financial freedom after a few years.

This is because Bitcoin is here to stay. The invention of Bitcoin was not a random event that happened by chance, but rather was the result of deep thinking by a genius personality to solve the problems of the global monetary system.

Bitcoin has many unique characteristics that make it withstand the war directed against it for a long time. The SEC was the fiercest enemy of Bitcoin, but yesterday Gary Gensler admitted his defeat before Congress and bowed before Bitcoin.

The length of the battle is not important, but the final result is important, and I clearly see that Bitcoin will emerge victorious from this war, as it did every time.

If the Russian and Ukraine wars affected Bitcoin in price, I don't think up till now Bitcoin would have increased to this extent, so this is to say the war doesn't consigns Bitcoin at all, it was when the best exchange called the FTX (https://www.techtarget.com/whatis/feature/FTX-scam-explained-Everything-you-need-to-know) crashed, that was when Bitcoin dropped to $15k and some people were scared to invest because of the incident.

If I were those people who lost hope for Bitcoin, I would have used that good opportunity to buy more and hold. Although people must have fear when their investment is going the other way round, as long as it is called an investment, even the price dropping wouldn't have given you any fear, because it is a normal thing in investment.

The important thing is that, no matter how Bitcoin reduces, Bitcoin will still increase and when Bitcoin reduces, Bitcoin gives another chance to those that are not yet investors to take part in the investment, but it is for them to either take a bold step to invest or to still be scared and procrastinate.

I agree with your opinion. When it comes to currency, perhaps CBDC will be a replacement. But if the problem is investment and store of value, Bitcoin is a perfect fit. The value of Bitcoin is getting higher and may surpass the price of gold. This is due to the uniqueness and scarcity of Bitcoin.

It is because no matter what happens in the world, bitcoin will always have some use to some people and for that reason , there will always be some demand for bitcoin. That means bitcoin will always have a price support. That support was around $15k (probably higher now) and that support level will keep going higher because the adoption of btc is getting better and better every day. In this context it is almost impossible to lose money if you hold btc long enough and if you buy btc from these support levels you will generate great returns.

What do you mean by the future of money here? Will Bitcoin become a replacement for the USD?

It makes more sense as a store of value rather than a currency. We know that its limited supply will make Bitcoin a rare asset and highly appealing for speculation. It's common knowledge that Bitcoin exists with the aim of replacing the centralized financial system, but is that even possible?

Bitcoin has its supporters, and the USD has its supporters too. As long as the USD remains more mature, the idea of replacing it with any currency seems improbable. This is closely tied to the sovereignty and power of institutions associated with the USD.


It's not a bad idea to consider Bitcoin as a legacy, but personally, I prefer to utilize the majority of my BTC while I still have control over it.

The investor should not be in the habit of regretting the investment, because an investor knows what he is buying and believes why he will do it. Just like with Bitcoin, what is the reason why so many people are attracted to investing in it? First, its network is really secure because it is decentralized and also because of the blockchain technology it has.

And you shouldn't have doubts when you invest in it; you should have 100% trust and belief in it because it's your asset, and that's normal. It's abnormal if you invest in it and then you have doubts about it; in short, it's called stupidity. It seems that Bitcoin is simply proven and tested and has stood the test of time.

We can never know for sure if this is for real, bitcoin hasn't been in existence when the significant economic crisis has happened and no significant wars that devastated economies has happened while bitcoin has been in circulation, unless we see any of that ever happen, that's when we will be sure that bitcoin is crisis proof as many people say. But for now, we can all just hope for it that it's not just a theory. Regarding it's growth and security though, in an economy like this bitcoin is definitely the better investment for any plebs that aren't in the big leagues.

You understand the value of Bitcoin, that's why you aren't able to panic, normally every beginners will panic when price dumps, they always want to see their Bitcoin grow in value, I honestly wish that Bitcoin should create new low so that I can use some more money to buy, bit I am not sure anymore, I think too many people have now understand how Bitcoin works, so there won't be painful dumps like before and every dumps won't last long and many people are already waiting to take the advantage.

Everything that Bitcoin has been through with the SEC and the government where all planned, every government workers are into Bitcoin and crypto investment, they want to see it flourish and at the same time they want to take the biggest advantage of crypto and Bitcoin.

The last hearing about the SEC chairman shows how those in the house are interested in seeing ETFs approval getting approve faster, it shows in them, and believe me, they will be able to collateralize Bitcoin by lending, using the ETFs against the real Bitcoin, this is bigger than many people know.

Bitcoin investors who complain when the price of bitcoin drops to $15k, I'm sure those investors don't fully understand bitcoin. Because in fact, in my personal opinion, the decline in Bitcoin prices that occurred at that time was a very good opportunity to make a purchase or investment. But strangely, some bitcoin investors even complained about the price decline at that time. However, when the price of bitcoin increased, quite a lot of investors flocked to buy it. In fact, it would be more profitable if they bought bitcoin when the price was falling.

So in essence, bitcoin investors who complain when the price of bitcoin is experiencing a deep decline, it can be said that these investors are less confident about the potential that bitcoin has. And maybe they even forgot the history of bitcoin and forgot the analytical knowledge they had about bitcoin.

I believe that too. Bitcoin will definitely remain strong, although in the future there may be a handful of people or certain individuals who may try to bring Bitcoin down in any way. But I also have a strong belief that Bitcoin will indeed be difficult to destroy. So saving or investing in bitcoin now for our future or for our children may be a very bright idea. Because if you look at developments over time, we have now entered an era of extraordinary sophistication. So if Bitcoin in the future becomes more expensive and used by more people, I wouldn't be surprised by that. Because it can be said that the use of bitcoin is very suitable for the era we are living in now and for the future.

Every time in Bitcoin's history its price has risen, then fallen again, and then rebounded from that position. When the Bitcoin market bottomed out, many people lost hope, but Bitcoin has once again saved people's hopes from that position. Bitcoin is not only a store of value but also offers a lot of security to a user. We regret Bitcoin's past rise to the high position we now observe. The way bitcoin price was discouraged where most people regretted that bitcoin might not come back but we believe that bitcoin always comes back with higher prices again and again. It is certainly true that the bitcoins we invest will be gifted to our heirs. So investing bitcoin for our future and it will act as wealth for our future generation and it will give maximum value in future.

Another way of saying people are trying to make an excuse for bitcoin, after all the information that has come out in different cycles we are finally seeing the adoption of bitcoin by more people. There is a lot to experience in this field and hopefully newcomers are alert enough to choose things. I believe that bitcoin will become more and more accepted with bigger news, probably quite close to the halving time.

Not before but this time, they're starting to see the light on it when we've been into bull runs. They know how the cycle goes and this is going to be the precedent that they're about to get into by approving the ETfs.

Before they do that, everyone's been doing that already in the forum. But they see that model as something that they can earn for and that's why these ETFs are going to be approved soon. Or they'll timing that with the halving so that the impact and pressure to the market is going to be higher than ever.

You are right, right now my concern is that the current price is the last chance for retailers to collect more Bitcoin. Given the increasingly aggressive adoption, large institutions are starting to enter, both those that are publicly known and those that have long invested secretly, Blackrock, the financial giant, also continues to lobby the SEC to immediately approve its proposal. I am sure we will not be able to find the current Bitcoin price again in the future, for example in the next 5 years and so on. The future fate of retailers will be increasingly difficult to get more sats.

The fundamental aspect of Bitcoin is based on the principle of security. Because Bitcoin is fully backed (https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.premiumtimesng.com/promoted/586401-why-bitcoin-is-assumed-to-be-a-secure-option.html%23:~:text%3DBitcoin%2520is%2520backed%2520up%2520with,strong%2520security%2520to%2520Bitcoin%2520transactions.&ved=2ahUKEwjc-8fwj9KBAxVYzjgGHWA9AQ4QFnoECAUQBQ&usg=AOvVaw3Z2zHFOfJZXTm_5ui3NyS5) by a blockchain security system that uses volunteers as well as a high hash rate to provide a secure ecosystem, the Bitcoin network also uses cryptography to authenticate transactions. This system helps reverse transactions and provides extra strong security for Bitcoin transactions.

But all this prosperity is limited to the transaction. On the other hand, you cannot be safe from thieves and hackers until you keep your assets in a safe place, i.e., a hardware wallet. If you keep your assets in insecure places like exchanges, etc., then you are not safe because, apart from hackers, today's exchanges are also not completely safe; many exchanges have stolen millions of dollars worth of people. So Bitcoin is of open source origin; it provides security only when you put effort into being secure from your side.

Wwhile many, including government workers, are indeed investing in Bitcoin, can they really ensure its unending growth? History has shown that entities with vested interests often throw wrenches in the works, intentionally or not.

You've observed the sentiment among government and SEC officials. Yes, they appear keen on expedited ETF approvals. But, dont let this paint an overly rosy picture for you. We need to remember the power and unpredictability of these institutions. While we do not trust any government and their fiat currency anymore, the world is still within their clutches.

The words and actions of these entities often diverge. The rapid embrace of Bitcoin might indeed be a ploy to capitalize it in their favor. Many people, including you and me, wish to buy more at a low, but will that chance come again? We are in a sea of uncertainty, and the tides can turn any time

Yeah, Bitcoin has experienced several significant downturns in price, but yet it still survived, even to the extent that some people on this forum and outside the forum were singing Bitcoin obituaries and believing that Bitcoin would die, but it sailed through the storms that it was faced with. Bitcoin will continue to win, in my opinion, and with the lot of attacks that Bitcoin is facing from both the government and hackers, I don't think there is any coin that could beat Bitcoin. Last year, some people even thought that the Bitcoin price would drop to $8k, while others thought it would go below $15k, but they were disappointed.

Yeah I think that's true because the halving period comes with Alot of big news and we can definitely see more people been drawn to Bitcoin during this period. Newcomers will definitely have become acceptive of the big news because different news is what they are going to be constantly seeing and that includes both negative and positive but people will drawn to more positive because the halving is actually when the market gets prepared to boom.

Although I understand the context in which you said that bitcoin always fight back. But in the real sense bitcoin does not fight its fighters and there is actually no one that fights for bitcoin because bitcoin is decentralized and it is nobody's project. Assuming  the creator of Bitcoin - satoshi is still active in the Bitcoin industry, he would have been the one going to court to defend bitcoin in one way or the other even in the media. But today many people say any sort of things against bitcoin but bitcoin do not fight back however bitcoin has a way to prove them wrong, whatever they say, within a twinkle of an eye bitcoin will prove them wrong and will still remain strong because it is the coin of the people
The world is tilting strongly towards decentralization. There is nothing government can do about it. Human being is hungry and tasety of liberty and bitcoin is the only coin that gives this absolute liberty.

But I think the people who think bitcoin will fall to $8k or below $15k are not the same people who are saying bitcoin has failed or is about to die.  simply because those people want to buy bitcoin at the cheapest price possible because they know it is the best chance to make a profit.  I also personally predicted bitcoin would drop to $12k last year, and all I wanted was the opportunity to buy bitcoin as cheaply as possible.  I never thought that a further drop in bitcoin would be bad for bitcoin or possibly death for it.  they all just want to buy low and sell high.

We should always think that these challenges on Bitcoin are somehow normal, we are still early, and early adapters will mostly experience these difficulties so we just need to hold tight.
About giving it to our children, there's nothing wrong about that, but take note that you should already have  a way how other people especially the inheritance of your Bitcoin to be able to access it  just incase you are not around anymore so it will not be turn to waste.

In the world of cryptocurrency, especially as it concerns bitcoin, there are a lot of uncertainties and disbelief. Even if you are very much aware that a certain thing will happen in Bitcoin, but there will still be some kind of fear in you because anything can change at any time in the cryptocurrency markets. Majority people also know that when there is information about the drop of bitcoin to an  unreasonable low points, the essence of such information is to make the weak hands to sell their bitcoins and the stronger hands will buy more at discounted price. But once the price begin to drop there will be a very big FUD and that fear and uncertainty will certainly push the price dow the more and when the panic is more, the unexpected could happen but in the end those who held on to their bitcoin are always the ones that will be on profit.

^^
I am probably one of those people who thinks price could dive down to 8k which the reason for me holding tight my Usdt. After several mistake like this, I find peace in it as long as I don't buy at ATH.

Countless times BTC had died but always resurrects. It goes to its bottom like that 15k last year. If people just knew that 15k pice was its last dip, a lot of holders would have bought that time. We're more unsure how lo it goes so people panics.

You can not find bottom of market and you can not time exactly when bottom is found. Try to find it is headache and rather than finding it, doing Dollar Cost Averaging and enjoying your life.

https://dcabtc.com/

If you try to find market bottom, you will hold your money and in the meantime you can use it for other things then when you buy, you will have less capital for your investment. With DCA, you buy it gradually but after a while, with some gradual DCA rounds, you will have bigger investment capital.

Hmm... bitcoin coming down to 8k is on low probability I guess, I don't think it will go as low as that since we saw it on All-time high. There are a lot of people who actually waits for people to go down as low as $12K, then that's the time it will gain hype again. Imagine the father of cryptocurrencies going down to below $15K, people would be crazy getting a single bit of it.

I disagree with the term "died" it never went dead, we saw how it moves and how it grew over time. We're unsure how the market will behave for months, years, decade but bitcoin will remain on top and will never die. How many times we assumed it's going back to $3k? $5k? got economist pupil dilated for a very long time waiting for people to abandon it but it never happened. I think the bull run will start once bitcoin goes deeper than $15k, people would be hype to get it and altcoins will boom as well.

Those who panic are those who have no real faith in bitcoin, and those who have strong faith in bitcoin will buy more every time bitcoin drops more. People waiting for bitcoin to drop to a specific level to buy, it only shows that they are afraid of bitcoin. I'm also pretty sure that the people who waited for bitcoin to drop to $8k and didn't buy when bitcoin was at $15k also wouldn't buy if bitcoin actually dropped to $8k. Those people keep waiting for bitcoin to drop below $8k to buy, and just like that, they never buy bitcoin because they have no faith in bitcoin.

Bitcoin is a decentralized peer-to-peer payment system that is not subjected to any institution and this gives strength and power to bitcoin to achieve financial freedom. Bitcoin has the power to come with a good position like in the time of the Russian war and the SEC investigation lowered the price of Bitcoin but see bitcoin is now at $27k and due to this I like Bitcoin very much, But I am sad a little that why I came to late to bitcoin. It is a regret for me but yeah for now I am happy as today I am involved in Bitcoin. I know the future of bitcoin is clear because many companies adopt bitcoin as a payment system and many countries support it. This clears the future of Bitcoin and in the future, the only system that will work is the Bitcoin payment system. So that's why I also like Op recommend you guys educate your children about the Bitcoin adaptation and teach them Bitcoin's importance and how it will revolutionize the financial system in the future.

People who don't believe in Bitcoin will always panic when they see a decline in the price of Bitcoin. They are not prepared for the decline and think about selling it and buying again at a low price. But that won't always happen because no one can guess the lowest price of Bitcoin.

And it's true that people wait for the lowest price, but when it reaches its lowest price, they don't buy it immediately. They still want to wait for another low price which will not always happen. And when the price of Bitcoin hit $15k, that was a good price for them to buy, but they didn't buy it either. And when Bitcoin's price bounces back up, they can only regret it while hoping that the price will decline again.

We will never know if $8k is Bitcoin's next low or if this downward phase is over. But we can be prepared for all the possibilities that might happen to Bitcoin so that if the price really falls further, we can immediately buy it.

Except something upstages Bitcoin during this incoming halving not to push it to a fresh ATH (like the disappointment we saw with Litecoin halving a few months ago), chances are still high that Bitcoin will continue to get new fans and price will continue to spike. In the past, that has been the path Bitcoin has been on – Bullish. Bitcoin is a phoenix. Anyone underrating as it's now isn't doing themselves any good. Buy now and wait for the spike to come.

I don't believe in that philosophy of accumulating wealth for generations unborn. It's this type of stuff that makes one pile up unnecessary pressure on oneself. Live life intentionally, and away from unnecessary anxiety. Before now, more than a decade ago, none of us knew there would be a tech as Bitcoin. What if our forebears had accumulated cowries or other types of monetary stuff for us several years ago and now Bitcoin is coming to seemingly displace them? What if in the next decade Bitcoin whittles away? What if it happens? Anything is possible in this industry.

I think I understand what you're trying to say, but I also know how hard life is to a lot of people. I myself grew up under difficult circumstances. So if there's a way which I think will make my sons and daughters and grandchildren live a much better life, I'd be very glad to have it.

If there's something which I can do at present to make my children, and possibly grandchildren as well, avoid the kind of life that I lived when I was little, I would do it.

And I agree with OP that Bitcoin is one of the best gifts to our children. OP didn't say they are yet to be born. But whether they're already born or not, accumulating Bitcoin little by little at present might somehow assure them of a brighter future. We are not 100% sure, but we trust Bitcoin, we trust its growth and adoption, and we'd do anything for our children.

No wonder why people compare bitcoin with a spring, as its price always bounce back after squeeze. But that is only a visualization of Bitcoin price. Personally, I would not say that Bitcoin always fight back. For me it is more a speculative resource right now. It is not a spring, its does not fight back, its price shows that it can be manipulated, controlled or influenced.

Remember the golden rule mate, never sell these high valued Bitcoins. These coins are very rare and a time will come when the price will be skyrocketing and there will be huge demand of the coin. So just hold it for that long and you will see tons of profits. You are in the crypto space for past 2 years, I have been here for more than 8 years, I have witnessed Bitcoins valuing from 400$ to 69k usd. So yes the coins have capabilities. So just hold the remaining coins as long as you can.

I agree with your observation that Bitcoin has history of resilience, consistently recovering from significant market declines, even as much as 85% drop during the bear market phases. Today, it is showing impressive performance by surging over $1000 and currently trading above $28,350 surpassing its 200 day moving average (DMA). Hopefully, it stays around this level for few more days and closes the weekly candle above $28,500, which could signal a potential bullish reversal in the market.

This isn't to dissuade you or anything of such. We all have our perspectives to life issues and they differ. Of course, if our perspectives were the same; that will bore everyone. Let me quickly share something with you. There was this top politician in my country. He had many properties littered across the country. Properties in the hotel and tourism sector that ran into billions per location. He became old and weakened in health and mobility that he sent for his children back home and pointed those properties to them so they could take over their management. You know what happened? Your guess could be as good as mine or may be not. His children refused everything! In fact, they said the massive properties were obscene. They queried their Dad why he had to acquire such. They said they wanted to lead a very simple life and had no time for ostentatious living. They left the old man and flew back to their base abroad. The man became depressed. That was a man who accumulated so much for his children to safeguard their supposed future.

No matter what scheme the SEC and the government do use they can't penetrate into the bitcoin network to distort the decentralization of the system or have any form of influence over it. Their area of influence it's with the exchanges which may in turn affect the price of bitcoin. So no offense, bitcoin by it's decentralized system will always fight back to regain a bullish price after a period of bearishness. Unlike other pump and dump altcoins bitcoin has proven to be dependable and it's only wise to try and accumulate as much as we can for the future of bitcoin is something we will all smile at, but while you accumulate make sure to do so in a safe offline wallet keeping your seeds phrase intact.

Investing in Bitcoin never gives us an instant profit but future gains which is why it is considered as suitable for long-term investment, not in short-term deals. Yes, Bitcoin dumps but always fight back that is why we don't have a reason to be worry despite the troubling situation of the market because we believe that it will recover and we won't lose any if we just hold. That is somewhat a positive feature of Bitcoin and we can't lose hope for this project because it has been proven already so many times.

You have accurately highlighted the decentralization nature of Bitcoin's inherent character that makes it resilient against regulatory actions frequently taken by Security and Exchange Commission (SEC). It is true that such actions of SEC can influence Bitcoin market price for short term. Nevertheless, the historical performance of Bitcoin and price patterns reveal that eventually such market downturn trends eventually subside, and market begins its recovery.

Welp it’s just one of the few benefits to heing a bitcoin investor/holder. Compared to other currencies you always have the guarantee that come rain or shine your coin will prevail over time thanks to its secure nature price-wise. That has been the case for a very long time now and it’s only quite recently that people started noticing its effects.

Anywho, keep at it my friend, you’ll to far. The fact that you knew to hold than let yourself get carried by the fus wave is more than enough evidence you’ll make it in this industry if you put your mind on it!

That's a sad story. Something must be wrong along the way. The dad could have gone too far, but it's a question of values when children fail to see the efforts of their parents and leave them when they're old and weak.

Either way, I think it's generally better for parents to have something left for their children than nothing. It's generally better for a mother and father to think of their children's future and even do some preparations for it. I don't know if this is just in my culture, but it's probably natural even.

I have read many times about discussions on Bitcoin being a generational wealth and how to safely store them for their children's future. 

You see, life itself can be a gamble. When we stack our chips, sometimes in the form of properties worth billions, we're sort of betting on a certain outcome, arent we? This politician played a high-stakes game, assuming his children would willingly accept his amassed wealth. He bet big, but alas, the outcome was not in his favor. Now, if we flip the coin and assume he’d gambled in a more traditional sense, learning the art of poker or diving into the strategic world of betting, he might have found that the essence of gambling is to enjoy the process and not just the outcome. You gamble with what you can afford to lose.

What if, in his youth, he had placed equal bets on diverse life experiences, not just stacking bricks of properties? Could the spread-out risks (just like wise bettors place their stakes on various outcomes) result in a different final emotional ROI? A lighter portfolio but maybe, just maybe, heavier connections?

Bitcoin can indeed be used as an inheritance, and as a long-term investment for our children, it is indeed suitable. Imagine if our children grow up and tell us about it, whereas currently our children are not yet in school, of course it will be a guarantee for their lives, at least guaranteed for their education costs until they graduate from university. and by teaching it slowly from an early age, they will be able to manage their assets well so that they continue to grow

I slightly disagree if children are taught knowledge about crypto investments.  Maybe simple things related to technology will be more useful. But for long-term investments, parents have the utmost responsibility. So I tried to set aside a little for my son's future. I think it's in my teens a pretty good time to start introducing crypto investing. Children is the right time to meet basic needs.  This is so that children can develop well mentally and emotionally.

I even strongly oppose the idea of teaching children about investing when they are too young, it will only cause them to have a dim future rather than a bright future like many people who have never had children are still imagining. If we really have enough faith in bitcoin, we might just give them some long-term savings in bitcoin. When they are old enough, teach them about bitcoins and give them the bitcoins we have set aside for them.

I have been doing that for my 2 sons, instead of saving in fiat currency, I am using bitcoin and gold. When they reach adulthood, I will teach them about bitcoin and finance.

Your success become possible due to your faith in bitcoin and as you did not change your decision so very soon you will get fructiferous consequences when the market become boom again. Bitcoin investment is for everyone but everyone cannot get profit from it as one who cannot keep check on their feelings will be set lonely without money.

We can present a bitcoin in front of our children as a gift but just presenting bitcoin is not enough, giving education about it is also very important. There is no other currency which we can give our children as a gift because as the time flows it devaluates but bitcoin always will help you no matter how higher the inflation is.

 You can sell bitcoin if you want but selling other asset will require buyer for which you will create an interest about that assets in buyer which is not a part of bitcoin buying and selling.

Yes, we must be optimistic about the technology that we love.. but we should also be realistic. The technology should not just be focused on "price" and "profit" but rather what use case it can unlock for people that have challenges with other financial options.

There are millions of un-Banked people out there and we should find solutions for these people to bring them into the economy. Bitcoin should also change people's lives and put them into a better financial position. (Inflation buster)  ;)

The bitcoin even didn't regain its original position after the Ukrain war till now,  as bitcoin was above $60k, so what be done with the people who have bitcoin above $50k,  and they still holding it and even some of them sold it in a big loss. I'm not saying bitcoin can't get its position,  but it is giving us a tough time since one year.

And if we believe in bitcoin,  we surely have to store it for our families and for our coming generation. As mostly crypto is evolving all over the world,  and some of the countries are accepting crypto now,  which in the past were against cryptocurrency,  this is also a positive step in the world of cryptocurrency,  and also for the benefits of bitcoin.

Very well said. Everyone must realize that although Bitcoin is very volatile, it's still considered to be one of the safest investments. If we follow the journey of Bitcoin, we wouldn't be surprised anymore if it dumps big time, as it has happened in the past many times and has even been declared 'dead' many times. But look at Bitcoin now; it's starting to be bullish, and with this trend, sooner or later, $30k might be achieved again.

I think what parent(s) should be more emphatic leaving for their children is education. Nothing lasts like education. Nothing gives prestige like education. It's sad that our world now has become more money conscious that virtue enthroned. People can do anything to show affluence, whether ill-gotten or not and that's really appalling.

Life, indeed, is a gamble. It's an unmitigated risk type of gambling by my submission. Interview those who've made it big in life, the humble ones among them will tell you they never saw their rise to stardom or fame coming. We dabble into different things until one clicks. I'm sure everyone in this forum must've had their own taste of the vicissitudes of life. We all didn't start with the business of Bitcoin but here we're and taking our chances to see if we would succeed at it here. That's the gamble in life. We never can tell which of our endeavours will give us that leverage and fulfilment we seek.

Bitcoin investors never lose faith in Bitcoin. In the past, due to various circumstances, the price of Bitcoin has gone from a very good position to a very low position, and from a low position to a good position again, so everyone has built trust in Bitcoin. Due to the war in Russia and Ukraine Bitcoin price dropped to 15 thousand dollars and you think that people have lost hope in Bitcoin at this time but you are wrong. The price of bitcoin was around 70 thousand dollars at one time and from that 70 thousand dollars the price of bitcoin suddenly dropped to twenty thousand dollars still but people did not lose their hope people still hope that the price of bitcoin will go back to good position. Bitcoin is a digital currency that people trust a lot.

I will also teach about Bitcoin and things related to the crypto space to my child when it is time for my child to learn it and receive that knowledge from me. Because if he is still at school at a certain level, I will not immediately teach him about Bitcoin because I am afraid that his learning time will be disturbed because of other knowledge that he has not yet received time for. So I will choose a more appropriate time for this because teaching about Bitcoin to our own children is not a wrong thing and in fact it is quite a good thing for our own children because one day he will also become a more independent person in life.

Of course, if we already believe that Bitcoin is a good investment then we will definitely pass on what we know and it really takes the right time to introduce Bitcoin to our future children.
I'm the same way and I'm not in a rush to do this considering that right now my child is still very young so I don't think he's worthy of this long-term investment, but when he grows up I will definitely give him the knowledge that I have.
For people who have known Bitcoin for a long time, I think there is no doubt about it.

I also believe that Bitcoin one day will reach a higher level. Then bitcoin unbelievers and those who know about bitcoin but don't hold it will suffer remorse. But have you thought about who will inherit your Bitcoin investment if you die?
 How will your children own your assets?
I think these are good to know. Otherwise your children will blame you after you die.

I totally agree with what you're saying. It's actually one of the best investments you can make since the price consistently increases significantly. For someone who has faith in Bitcoin and holds it for a long time, I'm confident that one day they will profit a lot. I'm really happy to see people who have as much faith in Bitcoin as I do.

I can't wait for Bitcoin's new ATH and it might reach a substantial price, possibly exceeding $100k in a few years. It's an incredible opportunity for the new generation especially if you hold Bitcoin now and teach your kids how to use it in the future.

As Op said because of the Ukraine Russia war bitcoin price has dropped below 15000 is absolutely true. Due to this, those who used to work in Bitcoin suffered a lot financially. Back then, people were very interested in investing in Bitcoin. Now many people are afraid to invest in Bitcoin if they face losses. If the Bitcoin market was what we all wanted, then everyone would be able to invest in Bitcoin and make a profit. Those who are interested in investing in Bitcoin must keep in mind that there are Bitcoin risks. It is wise to take your time and not rush to invest in Bitcoin.

Of course education is the top priority. That's the first thing to be considered. But that's exactly something that is done at present to prepare them for the future. That's what I've been saying all along. It's expected that parents would look forward to their children's future. You cannot just tell them to live the present. You have to also make sure that their future is somehow bright.

That's the central part of the parents' plan for their children's future. But that doesn't end there. As parents, their intention and determination to somehow prepare the future for them is endless. That's why I completely understand if many parents are betting on Bitcoin for their children's future. I don't know about you, but I myself would also be stacking sats for my children.

It is not easy to form a character to survive in conditions that can lose half the value of the assets you own, but you can be patient and get through it easily. This is how to make investments go according to plan. Investors must always instill confidence in the potential resulting from Bitcoin investment, the market cycle always changes in two directions, when the price is collapsing, start preparing yourself to welcome the new sun because the Bitcoin market has the ability to get out of a difficult position.

Providing children with a stable future is crucial, right? After all, it may balance their life. What if Bitcoin isn't the golden ticket everyone wants?

As a Bitcoin supporter, I like stacking sats for youngsters. Bitcoin has transformed our economy and offered a decentralised financial system. Providing a bright future for our children requires a diversified strategy. Yes, invest in Bitcoin, but what about other life-enriching and educational opportunities?

We should teach children about cryptocurrencies and fiat currencies so they can navigate different economic landscapes. Putting Bitcoin aside for them is fine, but are we teaching children economics, investment, and wealth ethics?

I never experienced bitcoins when they decrease its price and it never recover again because it always recovered for the past years also there is a timing for it especially when it reaches its peak, it will take some time to recover back again but the bottom line is, it surely recovered. now that we are close to bitcoin halving, surely there will be more investors already waiting out there and most of them are gonna just wait for the right time because they are aiming for the high chance of a new ATH just after the bitcoin halving.

I wish it were like that. Repetition will always continue to occur. But I can't guess for sure. Whatever it is, it can all happen.  It is difficult to predict the future, perhaps in the periodic table the current are all in similar phases. If trust grows stronger and stronger, it seems that we need not hesitate. But if the economic conditions are bad later, I am actually a little worried. Because I'm sure they prefer it to the necessities of life. So maybe the new investors who come will decrease.

Bitcoin is definitely safe because this Bitcoin network is very powerful and it is in use in almost every country whenever you think. If Bitcoin was not secure then many big wise men and investors would never invest their money in Bitcoin. I myself have invested in Bitcoin because it is a trusted platform. Thousands of people like me are stuck here but yes you too can invest safely.  But there are some security measures you can take with Bitcoin, such as using a well-secured hardware wallet and keeping the keys in a safe place. If you can leave it this way, this resource will grow and be used by the next generation. So it is better to save in bitcoin little by little.

Right, because we have cycles in the market, and I think this is one of a kind as far as other assets is concern. Satoshi's design was truly remarkable like the bitcoin halving, as a result bitcoin become so limited and so there is a demand as some point, in the bull market.

And after some time, the market will go on another slump, and then we have the chance again to accumulate and hold for a long time, wait for the next bull run to happen and make our profits. That's how the cycle is and I think it will continue and the economics, the supply and demand will make the price go up.

That’s how strong bitcoin is that it can totally stand throughout the test of time. A lot of times bitcoin has declared dead but until now, bitcoin is still totally alive and fighting. And no matter how the market becomes cruel and the people lost their hopes due to market volatility and the negative factors that put bitcoin price at risk, still bitcoin up to now is not settling in a very low value. In fact, after this upcoming bitcoin halving, bitcoin will certainly reach an all time high, something that we may have been expecting to happen hopefully.

That is why there is volatility in the market and aside from that, not all are weak and sell their Bitcoin when hearing negative news, some remain holding and buy more. That is why if it drops yesterday and might continue today but can be possible that it will change its course by tomorrow. Like after the bull season, the market turned bearish again, and now, we are recovering. Even though we can say it is very slow at least we say such price improvements which proves that there is recovery happening after the drop. People cannot be hopeless at all as they believe that ATH will come again and give them a reason to hold.

I keep saying that there's no bad time to buy Bitcoin as far as you want to HODL.
All you need is fairy, patience, trust, and self-control to HODL Bitcoin for a long time.
If you have funds to buy it during a dip, it's best you just buy, don't wait for it to drop further because its value might just start increasing after that and you'll have to buy at a higher price.

Bitcoin requires a  lot of trust. If you don't trust Bitcoin you won't hold it for years hoping that its value will increase. You have to believe that as if now, no matter the price you buy Bitcoin, there's a very, very high probability that you'll make a profit from your investment, especially with the halving around the corner.
Bitcoin is trusted by millions of people and that is why it would never be worthless.
Something might hit Bitcoin today and its value might drop drastically, but it will surely get back up.

Bitcoin shows already the possibilities and potential of it, now will depends on the people how they trust the Bitcoin people less interested with the bitcoin when the market is down but I guess it's a good opportunity to the people who trust it, this is the time for accumulate because halving is near, cutting the supply makes the bitcoin more valuable.
But take note that the bitcoin is volatile anything can happen but the bitcoin make a history already so it's up to you if you will trust it or not.

I think it has the trust of the people already, even government are into it, making it legal and there are some nations that fully support it, and then there are those in the middle and then those who doesn't want bitcoin because it gives so much power to their people.

However, for those of us who supports it, yeah, we've seen how the market is very volatile and yet we remain here because of the potential to make more money in the bull run. And we will enter that stage again next year, so it's going to be very exciting once again.

When Ukraine and Russia conflicted, there was indeed a feeling of panic for every investor in crypto, but for those who were ready to bear the risk, they bought BTC, and indeed after that the price of BTC fell, followed by a fairly high increase, and for those who bought under $ 18k, of course it was quite large profits with capital and money and are ready to take risks.

However, in this world there are always disputes that cause crypto prices to fall and recently I heard about Israel and Palestine(Hamas) being in conflict. I think that with the emergence of this dispute, the price of crypto could potentially fall even further. and I hope that Palestine and Israel will have peace soon, I just read this news.
https://www.google.com/amp/s/www.cnbcindonesia.com/market/20231010070730-17-479243/konflik-timteng-bikin-trader-tarik-dana-pasar-kripto-rontok/amp

but I think BTC will potentially rise in price because soon there will be a BTC halving, and I hope crypto prices will quickly rise and improve.

Isn't this deja vu. I mean this conflict reminds me of the Russia and Ukraine war. At that time the same thing happened. That started with panic in the market with a fairly long decline. But then the increase occurred again within a short time. I think we should learn from that.

I also hope that all countries in conflict will make peace. But I don't want to comment on the current conflict. But I prefer to take advantage of the decline that occurs due to conflict in a country as an opportunity for me to continue DCA. I care about those who are now affected by the war. But we ourselves must also be able to adapt and take advantage of every situation in the market.

Of course, bitcoin has been struggling since its inception. If you look at the history of bitcoin, you will realize that every time bitcoin has fallen, it has risen again. It's like a fight to survive. And so far bitcoin has stayed down, which is expected to make bitcoin fight back in the next year. And bitcoin will win this war too.

So governments adopting Bitcoin grants it gold ticket trustworthiness? How charming and simple. Bitcoin's story goes beyond government approval. Bitcoin has acquired confidence, but not just because governments and organizations have adopted it. Bitcoin is robust because of its decentralized structure and blockchain technology, which is why many people, including the government, cherish it.

Excited about the next bull run... Yeah, I've heard that song and dance. Market volatility is appealing. But expecting a future spike since it happened before? Thats like waiting for lightning to strike twice in the same area, right? Even if the past was oh-so-gloriously volatile, remember that past performance isnt a predictor of future results.

Another thing is that BTC is very tempting to book profits and cash them out, considering that Bitcoin prices strengthened last year.

Yes, this may sound classic because previously investors have used precious metals as a way to diversify away from government-backed currencies, which is why investors are now starting to like Bitcoin.

This is the reason why I have moved from altcoins to Bitcoin. Bitcoin has proved it over and over again throughout the years that it has the potential to stand strong. Others may follow the same path as Bitcoin, but they are not 100% guaranteed. With Bitcoin, you can be assured that the price will rise up once it falls. But any other cryptocoin does not give you the same vibe.
Bitcoin is decentralized and that is the key. People can trust it because no one has control over it. But with other coins they are centralized and could be manipulated. But just to be safe be cautious about everything. Never invest all your money in one thing and try to diversify your investments. Anything could happen at any time. So take your decisions wisely.

You think, you make a good choice by quitting altcoins for only BTC investment, what if BTC price remain low through out 5 years and you need money to solve some problem, will you sell the BTC at low price that is not up to the price you bought the BTC, it would have be better to invest little on altcoins and invest big money on BTC investment to know that you can't miss the two opportunity at once. That is why, I still maintain the two investments till now because if BTC price is low and I need money to spend at the moment, I will sell my altcoins no matter how low the market price appear to me in the market but nothing will make me to touch my BTC until the price reach to my satisfaction before I will release them for sale.

Bitcoin is still able to rise after falling because there is more power that Bitcoin has through its increasing number of users, so that Bitcoin can still rise from the fall. In fact, it is more about everyone's increasing trust in Bitcoin so that it can have an increasingly clear impact on Bitcoin which makes many people no longer doubt Bitcoin's future. I don't see it as a war for Bitcoin, but rather it is about increasing everyone's trust in Bitcoin and making it a force to rise after falls.

If you are just new then those are the one of the things which did really affect Bitcoin that much or simply the bear market and the bottom price that we do have.
Arent you aware on how many times Bitcoin died?

 "Bitcoin is Dead" Declared 400+ Times
https://99bitcoins.com/bitcoin-obituaries/

But we are still that standing strong upto decade which does simply shows out that we are really having a community which does have that huge trust and confidence towards Bitcoin.
Doesnt matter on what are those things that affects out its price but the most important thing is that it do still stood strong and still kicking on which it wont really be
sitting on #1 rank in overall market if it was shit.

Somewhat, the most important thing that you should bare in mind is that always invest on the amount on which you can afford to lose. No matter how good
looking or does have potential Bitcoin is, but still we cant really be able to assure on what would be the future holds. No one really knows and this is why
always set out those limits when it  comes to crypto investment.

Invest only what you can afford to lose. That's the first rule when you are investing into Bitcoin. And using or selling the Bitcoin for emergency situation, what's up with that? I'm not interesting into Bitcoin so that I can tackle some of my emergency situation where I need money. But it is for the future to make profit from. I have other savings for emergency situation. Also, I have other businesses that I take care of for living which helps me to focus on long-term HODLing rather than sell it. The money I put into Bitcoin investment is what I can afford to lose, and I can wait as long as I need. I have other saving that helps me throughout the emergency situations. And I have other income source that provides me for daily living.
Crypto investment is not the only thing that you can diversify your investments. You can invest in physical assets or businesses too. So I took the safest route and went with Bitcoin. Because I have other ways to earn money. Altcoins are shit and you can't change my mind.

Bitcoin could be the best investment for only those who have understood bitcoin well, but for those who invest without knowledge but only greed, probably it will be the worst investment for them. However, no matter how the people will condemn bitcoin and say discouraging words, that won’t change the fact that bitcoin is one of the best and secured investments in the market. That’s the reason why even bitcoin is highly risky, a lot of people still chose to trust on it and invest for long term, without fearing that it could easily drop its value to its lowest point one of these days.