Bitcoin Forum
May 25, 2024, 07:31:43 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 [52] 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 ... 234 »
1021  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 07, 2023, 03:34:23 AM
Bitcoin is likely pretty close to inevitably going to continue to be volatile in the next 30 years, but surely if bitcoin's market cap continues to increase it will likely become less volatile with the passage of time.. but as you seem to hint 30 years is a long way to project out, so it does not have very much to do with the topic of this thread except maybe to the extent that your buying BTC (and even loading up on BTC) right now will give you a lot more options 20-30-40 years into the future, so maybe even slow accumulation now and in the next 4-10 years will then result in such BTC accumulating person to have a lot more options when it comes to 30 years down the road.. so long as s/he had not ended up losing the BTC along the way.. so one thing is accumulating BTC but another thing is actually making sure taht they are secure and periodically checking security and keeping up with the better ways to hold your BTC... whether that is going to change or not in the next 30 years seems to also be something that is hard to predict but seems likely since we are ONLY 14 years into bitcoin, as you mentioned.

Indeed, Bitcoin is relatively young, being only around 15 years old, and remains early in stage of its development, landscape of Bitcoin could undergo significant transformation in the next 30 years. Its volatility will also decrease overtime with the increase in its market cap as I also mentioned in my previous post.

The pressing question is how an individual with an average income can afford to acquire a meaningful amount of Bitcoin, especially when its price potentially reaches $250,000 within the next five to seven years. Hence, current lower prices present valuable opportunity to accumulate Bitcoin before it becomes less attainable.
1022  Economy / Economics / Re: Honda Now Accepts Bitcoin and Ethereum As Payment Methods on: October 06, 2023, 08:23:35 AM

*Is this news big enough to trigger market uptrend in the coming weeks, months?

Certainly, it is a positive and encouragement development and step forward towards adoption of cryptocurrencies when a giant car manufacturing company like Hona decides to accept Bitcoin and Ethereum as method payment for their vehicles. This move not only simplifies transactions for customers but also has potential to boost their sales. Hopefully, more companies will follow this convenient method of payment which will certainly contribute to the overall expansion of cryptocurrencies acceptance in the business world.
1023  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 06, 2023, 12:45:15 AM
If you like to believe that there is correlation despite the longer term trends, then that is on you.  You seem to have picked some recent data from the last 3.5 years which seems to be somewhat selective and you are trying to tell a story of correlation from that.


If you look at bitcoin in 2018 and 2019 compared to stocks and then you try to graph correlation over that 5-6 year period what do you get?  You get a hell of a lot less correlation because at best, bitcoin is around 3x -8x stepped up from those price points... and yeah you can dance around and try to argue correlation. blah blah blah.. good luck with that.

Now if you add in another cycle and go out another 4 years and you go from 2014 to 2015 and you compare bitcoin and stocks as compared to where they are now, and you have bitcoin around 30x to 50x up from those points, and are you going to want to describe correlation from that data?

We could go back even further and adding another few years (such as looking at 2011-2012(, but sometimes it is not as fair to be going back to data in Bitcoin's very first cycle because bitcoin hardly even had a price, so for sure the correlation is even worse, and it just goes with bitcoin going around 1,000x to 14,000x from then to today.. depending on the starting measuring points.

Yeah, bitcoin has an ongoing unfair advantage over traditional systems because it is still in its early adoption phase which means s-curve exponential adoption rather than the comparing of one mature asset class as compared to another mature asset class, so if you want to continue to make dumb-ass mistakes and try to act as if bitcoin is in some kind of a quasi-mature asset class and blah blah blah, that is your choice to decide to completely ignore that bitcoin is ongoingly likely inside of an early s-curve adoption phase, and even if bitcoin is not guaranteed to continue to prosper within such an exponential s-curve, you are making mistakes by trying to downplay and/or ignore the matter by looking at selective data and trying to act as if correlation exists through your looking at shadows (reflections of reality) rather than at actual light (reality)... but hey, whatever.. you do you.

I completely agree with your observation that choice of historical data can significantly impact the assessment of Bitcoin's correlation with other assets, as different time frames can yield varying results. In this context, I might be mistaken but I think the time frame from 2015 to 2021 holds particular significance, as during this period Bitcoin became well known through the media and prominent financial companies like MicroStrategy invested in it, which led its value skyrocketing.

While I could be wrong; it seems that the ongoing unfair advantage of Bitcoin over other asset classes is a significant factor that makes it an attractive investment today. this trend is likely to continue until Bitcoin reaches a more substantial market cap, perhaps $5 trillion or more, which would contribute to its stability as an asset and reduce volatility.
1024  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 05, 2023, 02:12:56 PM
From my perspective, you are still overly focusing on macro factors and presuming BTC correlation. .or even presuming that bitcoin might go down before it goes up.. so even if the various macro markets might continue to be inflated and due for various crashes, whether talking about the stock market, properties and other bubbles, that does not necessarily mean that bitcoin is not the place to be.. even though surely we have seen in the very short term (like a liquidity event similar to March 2020), all assets seemed to have had been flocking to the dollar, and sure that can happen again.

So you can have some funds available to prepare for those kinds of possibilities.

And, yeah, you also hinted that Bitcoin might stay crashed or under performing for longer periods of time based on such macro happenings, which may or may not play out in the way that you are describing as a possibility.. .

Sure it does not hurt to prepare for a variety of scenarios, even including the ones that you describe, but it still does not necessarily mean that we should be waiting to buy bitcoin rather than just merely adjusting our buy amounts and frequency of buys depending on our own various specific that may well also relate very much to how many BTC that we are already holding.


Your approach to prepare for different scenarios is commendable, and we should consistently accumulating Bitcoin whatever the situation we confront, is a wise advice . However, we need to acknowledge that fundamentals and Bitcoin correlation with stock market does affect the Bitcoin price. The historical performance of Bitcoin since last quarter of 2021 when bullish cycle was coming to end, has vindicated that announcements related to inflation, (CPI), GDP growth rate and interest rate decisions have had note able impact on Bitcoin price, though these effects were tended to be short lived.
1025  Economy / Economics / Re: Women are more economical than men. on: October 05, 2023, 10:37:27 AM
I don't think there is any truth about this opinion. It's not right to make such a generalization because for both genders, there are those who spend money wisely and those who spend it as they wish. However if a generalization is to be made it's obvious that men who are aware of how difficult it is to earn money are more frugal. I'm sure the statistical data would support this.

Indeed, both men and women are equally responsible and capable when it comes to managing personnel or finances within a commercial organization. In the USA We, we have seen both man and woman serving as chairperson of Federal reserve board and performing admirably. It is unjust to make broad generalization about one gender being economically superior to the other, as it overlooks the inherent differences among individuals. In the present global circumstances, success depends on factors like skills, experience and context, rather than one is man or woman.
1026  Other / Archival / Re: Bitcoin volatility on: October 05, 2023, 01:34:29 AM
[
While holding to trade in the bulls and other purposes with regards to holding might account for some percent of the observation, I think another place to look at is the price of Bitcoin. The price has pumped to a surprising high for everyone. I guess most of us never expected bitcoin to create the current ATH and it did.
This scares off a few others from actively investing or trading it as, you don’t want to lose value on every Sat neither do anyone hope to buy too high.
People are gradually placing values and it would be interesting to see how the activities would play out come the next bullrun.

Its individual's choice to hold Bitcoin for trading or long-term purpose ultimately hinges on his risk tolerance level and financial circumstances, however, I have observed and experienced that, short terms trades for modest gains is not a prudent idea, when it comes to Bitcoin. Instead, we should look at the bigger picture and hold Bitcoin for long term and wait for the events such as halving that can potentially generate significant profit for those who hold onto their investments over time.


1027  Other / Archival / Re: Bitcoin volatility on: October 04, 2023, 06:35:02 PM
Volatility in the Bitcoin market shows the lowest result in the last 10 years:


2023 turned out to be a relatively calm year; over the past 9 months there have been no strong dumps or major pumps. In general, this may indicate that Bitcoin is increasingly perceived as an asset for long-term holding, and not just another speculation for trading on the exchange. This is also evidenced by data that the number of bitcoins in illiquid wallets continues to increase. At the moment it is more than 14,500,000 BTC:


Your observation and insightful analysis of Bitcoin's historical data and in particular its decreasing volatility in past nine months, is a very interesting and positive development, that could contribute to greater Bitcoin adoption and acceptance as method of payment. This reduced volatility is a significant factor that has often hindered its acceptance as widely used payment method.

Moreover, it is worth noting that volatility in Bitcoin is an opportunity for professional traders to generate profit by skillfully mitigating risk associated with trading of this digital asset.
1028  Economy / Economics / Re: The impact of war on global economy. on: October 04, 2023, 04:17:45 PM

The "profit" is different from not being needed. I agree that war has no profit for humanity right now, it is not a profit to gain a land, maybe it is for the government because they could go around saying that they attacked and got the nation another piece of land, and back in the day that was the case but today even that is not valid.

Many Russians literally fled out of Russia not to be part of the army to go attack Ukraine because they do not really want that land, they do not care about that land, only Putin and his people do. And not like you can tell Putin to stop, hell Wagner leader literally tried that and he murdered a mercenary units leader. Imagine being so powerful that you kill someone who has his own personal army. That's why this isn't any profitable to anyone ever, it is the most useless war we have seen in a long time.

I completely share your views that wars are never good for humanity, while it could benefit some politicians and weapons manufacturers for a short period, but eventually everybody suffers. We can see this in the context of Russia/Ukraine war, where all of us sharing the burden by paying high cost of fuel, energy and food beside immense human and collateral losses.

It is essential for global leaders to seek a peaceful resolutions and actively work towards a world where conflicts are resolved through dialogues.
1029  Economy / Economics / Re: The impact of war on global economy. on: October 04, 2023, 07:50:11 AM
1. Increase in the national GDP is least likely to be caused by a war.
2. Oil is considered the most crucial resource in modern warfare.
3. War affects the stock market by causing a decline in stock prices.

What do you guys think? Is this true or false?

Indeed, the destruction of infrastructure and loss of human capital, and diversion of resources to support the war effort typically lead to economic decline rather than growth. Additionally, your observation regrading decline stock market is also valid as people prefer to buy food and medicines for their survival rather than investing in risky assets like stock market.

It is important to note that once the war concludes, economy often experiences a significant boost as reconstructions activities surge and international financial initiations such as world bank and many international development banks frequently provide funding for rebuilding of infrastructure, which contributes to economic recovery and growth.
1030  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 04, 2023, 04:23:54 AM

Past records shouldn't be what we are using as facts, but it is there to give us an insight of what might likely happen and not a gaurantee. This is why you don't need to bother about which month does bitcoin price go up or down when we are trying to grow our bitcoin portfolio, when you are not planning to sell your coins, because if you keep looking at what month it will be, you might be tempted to sell some and take little profit, if history says that the next month the price of bitcoin will go down. This will completely kill your plans toward your bitcoin base on wrong decisions made at the wrong time. If you are planning not to sell, then the price movement should bother you but to make you strong on hodli.

Your strategy to emphasize on buy and hold for long term when it comes to Bitcoin and ignore short term noise is generally considered a sound and effective approach. However, it is also important to remain patient and refrain from monitoring daily market prices and charts. Continuously observing these fluctuations can lead to emotional stress and may tempt us to make impulsive decision that deviate from long term financial goals.
1031  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 03, 2023, 04:00:15 PM

Is there really a way to use news to predict the price of Bitcoin? Have you tried it before and predicted it correctly through the news? Well, it is obvious you are suggestion panic buying and probably selling too as you will not hesitate to sell when the news does not seem favorable. In all honesty, this is akin to gambling!

Unfortunately, looking at the news to be able to predict Bitcoin price is not really necessary because, by the caption of this thread, we are buying and holding for long. Therefore, our main focus is how to accumulate as many Bitcoin as we can possibly get while being able to hold for long without being compelled to sell haphazardly.

Absolutely not, there is no way to correctly predict Bitcoin price overtime. While news items and technical analysis can provide into market sentiment, but they are far from fool proof. Technical analysis is not a perfect science, it is science of probability that relies on historical trends and patterns, which may not necessarily repeat in future.

The most effective and widely recognized strategy is to accumulate Bitcoin by employing DCA , as frequently discussed here. Additionally opportunistic purchasing during significant dips can further lower average cost of investment.
1032  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 03, 2023, 05:47:06 AM

Yeah the price has been dormant abit interms of movement, not going up or down and like you said it maybe because the halving is close by so that's why the price is stagnant. Many people out don't actually know this logic that's follows the price spike after the halving because I have a friend who actually feels the price movement will follow up by the end of this year and then expecting a bull next year and I have been trying to clear him about this notion of his but as nothing is sure in the price prediction I thought I would jus leave him to speculate ad his likes because bitcoin market is all base on speculation although past history have proven this logic about the price movement always after the halving.

Your observation is valid that Bitcoin market has experienced prolonged period of stagnation during past months, trading volumes were lower in particularly during the month of September. However, now we are in Uptober  Cool (October) traditionally considered bullish month for Bitcoin that has shown promise in the early days of this month when price surged by more than $2000 in a single day.

I want to be cautious and not sound too hopeful, it is worth mentioning that we are only 8 months away from halving event, moreover, most of market experts are predicting issuance of Bitcoin spot ETF in the 1st quarter of 2024, a major step forward towards Bitcoin adoption. All these developments suggest that we are entering into initial stage of next bull cycle.
1033  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 03, 2023, 01:41:53 AM
Perhaps you can Also get into a trouble while using DCA method, one of things we most understand is that DCA doesn't guarantee a completely safety and minimize risk but is totally depends on the psychology or mindset of the investors because DCA is only but a strategy while the method of the utility depends on the investors however DCA strategy only work when the investors obey the rules were accumulating with a small funds which you no cannot affect your financial state and at the same time having a back up funds.

Also a DCA strategy tend to fail in your investment plan were as you over invest thinking you are using DCA strategy or investing with a strategy of selling off your investment to attend for some needs that arise.

You are absolutely right in pointing out that Dollar Cost Averaging strategy serves to mitigate the impact of market volatility and minimize the risk associated with trying to time the market. However, we need to acknowledge that DCA is not a fool proof strategy and doesn't provide guarantee of profit in the long term. All financial markets are influenced by ever changing dynamics. The events of the past are not indicative of what will happen in the future.

In simple terms, the human appetite to make profit by making investment in risky asset is quite natural, and when it comes to Bitcoin it represents relatively a new class of asset with extremely high-level of volatility. This makes Bitcoin potentially a good choice for forks who can wait for long time and handle it when the market is not doing well, all in the hopes of making big profits later on.
1034  Bitcoin / Bitcoin Discussion / Re: Bitcoin always fight back on: October 02, 2023, 04:25:20 PM
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.

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.
1035  Bitcoin / Bitcoin Discussion / Re: Bitcoin always fight back on: October 02, 2023, 09:02:33 AM
When I think of the few Bitcoin I have, it gives me joy.

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

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.
1036  Bitcoin / Bitcoin Discussion / Re: Do you think Satoshi got rid of his private keys? on: October 02, 2023, 12:42:36 AM
I think no, Satoshi Nakamoto does not get rid of his keys.  I chose 1, since I know it is the basic knowledge to keep our private key safe, and Satoshi being the developer knows the importance of it the most.  I don't think Satoshi will wipe out his storage together with his private key just to show or say something.  No one will ever waste and delete the fruit of his creation unless Satoshi is scheming something.  And if he is scheming, he should have announced it to the public for more effect.

Your perspective on Satoshi Nakamoto and the necessity of safeguarding private keys makes sense. Even though we don't know who Satoshi really is. It is highly likely that the creator of Bitcoin well understood the significate of protecting the private keys. while most of the people think that he choose to stay hidden, some theories suggest the possibility of a constructed character to hide the involvement of strong organization or group that is behind the mystery of Bitcoin.
1037  Bitcoin / Bitcoin Discussion / Re: Do you think Satoshi got rid of his private keys? on: October 01, 2023, 09:34:54 PM
There are three possibilities:

1. He still has the private keys.
2. He does not have them or cannot access them (this includes his death without leaving them in inheritance).
3. He got rid of them on purpose, as a donation to the rest of Bitcoin holders. Recall his "lost Bitcoin is a donation."

Obviously I am referring to the million Bitcoins or so attributed to him for having mined them at the beginning. If Satoshi is still alive (or if they are still alive) I am sure he has a good amount of Bitcoin but that nobody links with Satoshi's name.

I think the most likely is option 3. Just as he started up Bitcoin for humanity and stepped away from the project I think at some point he purposely disposed of the keys to those Bitcoins, either for privacy, as a donation, or both. I find it hard to believe that someone as careful as he was would lose the keys and not have multiple backups.


In fact Satoshi Nakamoto is a mysterious character and subject of discussion and speculation on various social media platforms frequently. Unfortunately, despite numerous attempts, his identity could not be established, as of today he remains an anonymous person. It is possible, though I may be mistaken, there was a powerful entity behind creation of Bitcoin who is hiding behind Satoshi. The ultimate revelation may occur when the Bitcoin holdings associated with Satoshi's wallet are eventually moved or used for selling purpose in the distant future.

Until such a times comes, the mystery surrounding Satoshi Nakamoto and Bitcoin origins remains a source of curiosity for crypto community.
1038  Other / Off-topic / Re: Is this the path you should take to become successful? on: October 01, 2023, 07:27:03 PM

when you have your own family that you have to be happy with, some people are indeed proud of the assets or possessions that their parents gave them, but people out there think differently. you are a spoiled child who can only rely on wealth from your parents so there will be people who think negatively if you only rely on wealth or inheritance from your parents

Your thought provoking post about the importance of not solely depending on your parent's wealth is enlightening for those who might depend on inheritance rather than developing the skills needed for financial independence and self sufficiency. becoming self reliant and pursuing your goals can indeed be fulfilling and rewarding journey, and it can lead to sense of fulfilment and feeling of accomplishment.

In summary, it is not wrong to receive support form parents, but it is essential to use it as a means to further your own growth and independence.
1039  Other / Off-topic / Re: Is this the path you should take to become successful? on: September 30, 2023, 08:41:20 PM
I don't know how motivational speeches are related to the economic section, but if they are, then let's talk in that sense. In order to be successful, you must have a plan on which you can work. Instead, you should not do what makes you excited, because I am excited when new movies or series come out; I am excited while playing games with my friends, watching cricket, or reading the news, or gossiping with friends. But these types of excitement will not take me towards success.

I have to follow a path that might not be followed by everyone. For example, on a single bench in school, there are two students, one of whom is a doctor and the other is a taxi driver. They both had the same opportunities and resources. One had a plan and knew the world was changing and he had to change himself now, while the other was enjoying the world and thinking that life is short, but he didn't think that even if life is short, everyone has to play their role in society by providing some type of service.

I am glad to know that you understand the significance of having a well thought plan and taking action with consistency to attain success. While everyone may not agree, motivational speeches are widely recognized for their pivotal role for achieving economic success as they often stress upon cultivating discipline, determination and hard work for pursuing life goals, in particular related to finance and career.
1040  Other / Off-topic / Re: Is this the path you should take to become successful? on: September 30, 2023, 01:23:36 AM
"In order to be successful, you have to find out what makes you excited. What makes you wanna get up each morning and go to work? If you love what you do and dedicate yourself to your work, you will gain that momentum and each success will create another success. Never quit, never give up. Do something you love. When you do something that you love, you'll never fail. What you are going to do is give it a shot again and again and again. You're ultimately going to be successful." - Donald John Trump

Some say he's an Idiot but something he says sometimes makes sense. LOL. What do you think about it? Is it some way to manipulate people or that's the right thing to do?


It is recognized by many people that if you put your heart in everything you do, it enhances chances of your success. When passion serves as the motivating factor behind your goals, it propels you to make your efforts consistently until you attain them.

Regarding quote of former US president Donald John Trump, undoubtedly it is a good advice for aspiring entrepreneurs in any field of life, however it seems like motivational advice that can be found in various lectures of self-help and success lectures. It underscores the importance of finding passion in your work, dedication, resilience and never giving up. These are indeed qualities and convictions that can contribute to personnel and professional advancement.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 [52] 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 ... 234 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!