Of course each of us should be attempting to balance both our assets (surely including bitcoin) that we accumulate while we are living with how we might either pass them onto others if we die prematurely or alternatively how to potentially figure out how to build our wealth while we are living and to put some systems into place in order that we are able to get advantages from our wealth while still living

...and surely people are going to employ various different systems and balance their priorities in different kinds of ways, and surely some people run out of their wealth too soon and others maybe do not end up enjoying the wealth while living - whether they end up passing such wealth down might be another potential complication - even while dying with your bitcoins would not necessarily be the end of the world for the bitcoin community generally ends up profiting from lost bitcoins.. kind of the opposite dynamics of the fiat system in which monetary supply tends to devolve into various statuses of degeneracy that robs from people who hold their value in it.

Sometimes people who are new to bitcoin and/or new to investing might end up making FOMO kinds of mistakes, and I recall that in mid 2015, I had created a system in which I was letting some of my savings build up in case there was a BTC price dip.. so the BTC price was bouncing around in the mid-200s for an overwhelming part of 2015, and in October/November 2015, the BTC price largely shot up from the upper $200s to $500, and I ended up experiencing a kind of panic when the BTC price got up to $500, I bought a pretty decent amount of BTC at that local price top, and I pretty much used up more than 60% of my available cash, and so that was the top of that particular run since BTC prices corrected back down to $300-ish and then got stuck in the lower $400s for about 6 months, and really those BTC that I panic bought right around $500 in November 2015 did not become profitable until the end of May 2016.. and surely the whole situation could have been worse for me if I had not just waited out the whole thing and then compounded my mistake by selling for less than I had bought...

I was not unhappy having had purchased the extra BTC, but surely those extra BTC were bought at a higher price than they otherwise could have had been bought.

so I was not really able to buy the dip back down to $300 and any amount of BTC that I was able to buy in early 2016 was somewhat tempered by my having had used a decent amount of my available cash in November 2015.. even though I did have a bit of a cashflow during late 2015 and early 2016, so I was able to buy some more BTC around $400 before it went back above $500 in May 2016 and really did not ever again return below $500... bitcoin saved me from myself and my mistake, but ONLY because I was able to hodl through my mistake.  

And I learned a lesson from that experience without actually getting reckt too badly in the process...

Another thing with the four year cycles, surely we might be able to imagine that 2023 might be a bit like 2019 and also a bit like 2015.. but that still does not exactly tell us where we might go, even though we might be able to consider some of the similarities in the patterns as a kind of possibility that may end up playing out again (of course, no guarantees), but it does not hurt to be prepared for UP, just in case UP might end up happening.

https://cointelegraph.com/news/bitcoin-needs-ethereum-evm-botanix-founder

Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.

Mainstream Bitcoin adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.

If that's true then it doesn't look for bitcoin. Might as well invest in ethereum...

It’s simple I would prefer to invest in something I have substantial knowledge and experience on. The issue with investment most at times is people tend to invest in what they do not have knowledge about even if that business is lucrative, without proper knowledge it will not yield the desired profits.

Bitcoin which is my pick is easier is to understand and doesn’t need middle man in terms of purchase and selling. It is also a future asset that has the ability to grow in future

@Jay you have really impacted a lot of knowledge on me which has been helping me on my Bitcoin journey I could remember when I came here with a less knowledge about strategies of accumulation using DCA, with this tread I was able understand and add the knowledge I have gathered from here to my existing ones which has been very helpful.

Referring back to your comments, of course is very unwise to uses the money that's meant for other expenses to invest because he is likely going to get into trouble later on because when the need will arise he will be left with no option but to sell off the investment. Perhaps this could be referred as an ignorant investor whom sees a possibility of getting into trouble if taking a certain decision but still went ahead.

Exactly. It's like we're no longer into boundaries and we're all affected by these geopolitical events that are happening in different parts of the world. Even if we're against these things, there is nothing that we can do because its impact is globally distributed and the poorest countries are the ones that are suffering on this one. While the rich countries can recover quickly even if there's a continuous economy turmoil that can be seen to all.

Every time there's a sudden shock of war, these commodities increase and I'm not so sure why also the ones that these businesses especially in the oil sector. Despite having that stock that they've bought cheaper than the current price will also have its sudden increase based on the move of the world market. They're all reasoning out that it's because of the world market but the point is, they've bought it even before and those are stock supplies that they're just emptying before restocking and buying the current market price. They're all business folks but they also have to understand that everyone is suffering at these times and they shouldn't just come up with the idea that just because everything has gotten up in prices, they'll also include all of those stocked supplies like oil that has been bought at a fair low price and will be resupplied to their stations and will be sold at a higher value. And as they wait for another price decrease, that's when they will restock through the oil depots and will buy them again a cheaper rate, that's what they've been doing all this time and are just rinsing and repeating while taking all of those profits into their pockets.

I am not worried about the price. Because the war created fear in everyone's mind, but it did not have any effect in reality. Because many people use bitcoin to send money to the war area here too we find the use of Bitcoin. But we will not always take it negatively because for those of us who have been waiting to buy, an opportunity has come again. Although I think this situation may return to normal in a few days, but during this period those who exploit and buy bitcoin from the dip will be comparatively more profitable than others. Since we are committed to investing in Bitcoin for a long time, we are not worried about temporary price fluctuations.

I pretty much agree with you on this. Indeed DCA is one of the best approach to gradually invest in Bitcoin especially when you want to hold for long. And patience plays a vital role in holding. The volatile nature of Bitcoin market and the price fluctuations make patience very significant. If you stick to a strategy where you invest and then wait patiently without rushing to make changes, you can work towards accumulating good amount of Bitcoin over a long period. When you hold onto your investments and let them grow naturally, the amount can increase significantly over time. This patient approach follows the idea that spending more time in the market is more better than trying to predict the perfect moment to enter or exit the market. This process can help build Bitcoin wealth.

You know that PayPal has already launched its own stablecoin.
The company Circle and Tether uses a dollar stablecoin, which is used not only by American companies. If the McHenry bill is passed in the US, will it strengthen the dollar as the world's reserve currency?

If Great Britain does not play by the rules, then how do Russia and its bloody leader Putin play? Is he playing by the rules, unleashing the biggest and bloodiest war since World War II with the goal of capturing a neighboring state, where about forty thousand shells are now fired every day?

All states are now experiencing difficult economic times. Great Britain will survive this period too. The question is, will Russia survive them or will it disintegrate into a number of small republics?

Even experts cannot make accurate predictions about bitcoin's evolution, don't forget bitcoin is very unpredictable. Everyone wants to buy at the lowest price and sell at the highest price but since bitcoin is unpredictable, the DCA strategy is considered the best strategy when investing in bitcoin. If technical analysis could accurately tell us where the lowest price is and where the highest price is, I think there would be no losers in the market.

@CryptounityCUT, if you are confident in your analytical skills, can you tell us if the current price of 27k$ is the lowest price for accumulation?

Dollar-Cost Averaging (DCA) can be a sound strategy, but I personally prefer employing technical analysis to enhance my BTC accumulation. In essence, I aim to capitalize on as many price lows as possible, which I believe is a more advantageous approach compared to a fixed DCA plan.

My rationale behind this perspective lies in the data from the past three years, during which a DCA strategy would have resulted in a 16% reduction in one's portfolio value. This underscores the importance of discerning the market's various stages and choosing the right moments to accumulate more BTC effectively.

You have no excuse not to acquire Bitcoin, this is one of my most used word when
 discussing with my friends that have
 high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
 DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

The current price is far from being anyone set up price in both direction if we looking at it from the short term perspectives and Bitcoin being at 27k+ os some how at a shallow position that anyone waiting to take a DCA position at whatever direction be it upward or downward will have a problem in the direction to choose most especially if it is a short term position.


At this point, we all but have to wait to see which direction the price will point to clearly before being able to take a position.

Increasing the volume of fiat currencies for consumption of scarce goods and services would make the prices of the goods and services to go up and reduce purchasing power especially for previous holders of the Fiat currencies.


 Bitcoin has a maximum supply of 21million, and it started from less than a dollar. How many supplies of dollars has ever been printed? Billions, trillions, quadrillion etc? And note it doesn't have maximum supply and seems to depreciate in value/price.


Increasing purchasing power by printing more will only end up debasing a fiat currency, asssuming it's printed for just the consumption of scarce goods and services.


Money is not necessary for increasing production. You can use seed or products you need to run the business. Besides, the money should be printed in exchange for collateral, work or something.  That's what backs it up rather than printing it out of thin air without anything  backing it up. It's a gamble to lend out money to people without gurantee of repayment. Collateral is some sort of gurantee, a worker who's proven to be very productive/profitable could use that as gurantee, otherwise potential workers first learn the business well before seeking for loan, or start with a seed or male & female chickens and learn from multiplying them.

You prosper when your business/production succeeds and flourish so that you have enough for your/others needs.. Everyone needs to succeed in business to be able to exchange what they have amongst other people for what they need. It's not necessarily about money  If you produce corn but need meat then give some to a meat producer in exchange for some meat. If he says "sorry, I don't need corn" or "I already have enough corn" then a service could match you with other meat producers who need corn.

Were there any cryptographic vulnerabilities or weaknesses in the Bitcoin protocol at any time during its development or subsequent updates?

How were these vulnerabilities addressed or mitigated in a way that ensures the long-term safety and security of the network?

Were there any lesser known, non-public security issues that were successfully resolved?

How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

Usually, when famous people say something, people tend to listen more carefully and attentively.

If you want to be rich, you gotto HODL. This can't be more simple than this.