Another thing in regards to position size, maybe it is the case that they are ONLY able to really put 1% to 5% of their countries investment portfolio into bitcoin kinds of building, and maybe their country is in such a disarray that they might not even be in a position to put more than 1% of their investment portfolio into bitcoin or bitcoin-related (bitcoin-focused) projects because they have to deal with getting their own house in order prior to being more aggressive in their bitcoin approach (so that they don't devolve into gambling and/or overdoing it), and so they need to assess their own situation in order to make sure that their position size does not end up contributing to their getting taken out of the bitcoin game (investment) because they had overdone it rather than being able to stick through the rough times, as you already pointed out, @slapper.

If the global economy collapses then putting the money on bitcoin will be a best choice Because bitcoin is not same like fiat money. Since Bitcoin cannot be controlled by any country's government and its supply is limited, if there is a global economic problem, many people will jump on Bitcoin and because of this, the price of Bitcoin will increase even more. so then it would be a good idea to choose Bitcoin. It's not just bad times in the global economy that people are slowly becoming more attracted to Bitcoin.

Honestly if you have BTC congrats !!! We are heading  into a major economic shift and I feel like when the tides are turning like this there should be a conscious effort to land on the right side of that shift!!! Am I right? What should bitcoiners be doing right now to prepare for a potential global economic hardship other than the obvious which is to hodl and accumulate as much as you can...

Yes, you're right. But bitcoin has an undeniable advantage - you can pay with bitcoin in almost any country without changing it for local currency. But still, because of the disadvantages you pointed out, bitcoin may eventually be replaced by some other cryptocurrency

Is bitcoin ever in a bear market? If it goes to 10k, falls to 5k, goes to 20k, falls to 10k, goes to 60k, falls to 30k, and so on, Is there even a bear market? Someone could argue that these are simple corrections in one big bull market, since it keeps going higher, making higher highs and higher lows.
IMO there's a clear growth pattern that we're witnessing here.

I have to agree that at this moment I only see it as a store of value. There's not enough acceptance for me to be able to spend it on the things I need and I don't want to sell it on exchange, especially now when it's so undervalued.

Hi, friends.

We are currently in a chaotic phase of global economic uncertainty, everywhere in the world is almost similar to this situation in terms of economy, energy scarcity, food scarcity and many others. but that's not what will be discussed with friends here.

A few days ago I was walking around the housing complex, and I noticed that a lot of grocery stores and other needs (conventional/retailers) had gone bankrupt, maybe this happened because prices were soaring even worse, and people prefer to buy from online stores instead of buying from neighbours, which causes the economy to slow down is undeniably this is the impact of the global economic chaos and technological advances.

If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.

Bitcoin is no longer a legal tender in the Central African Republic. As you can read from the website you quoted the law that made Bitcoin a legal tender was repealed. No clear reason was given but I suspect that this decision was externally influenced. But El Salvador is still setting the pace for other fearless nations to join the moving train.

India is a country that has a dense population, and this is a resource to build a better country by relying on human resources, India needs a lot of support and investment to become a prosperous country, we know that many intelligent people come from from India and now serving in big world companies, it shows that India has the motivation to make its country better.

This expansion aims to increase possibilities and increase cooperation with many countries. If the Indian people receive education like China during the development years, I think India will be more advanced than China itself through this event.

No choice but to use the unavoidable middle man, the exchange companies.

Having a strategy and not rushing into things is important. I'm always thinking about the future, and I don't believe in investing just for quick profits, especially with Bitcoin. I like that many people here focus on long-term goals. One reason I don't invest a large sum all at once is because it's better to start early when you have the money and not wait for the huge capital to be there. If I try to save up a big amount to invest later, I might end up spending it on something else. So, I prefer to invest $100 from each paycheck, spreading it out over 3-12 months. This way, I can accumulate more Bitcoin over time.

#Bitcoin    Impulsive Move Nearby. 🚀

The extremely low volatility we are witnessing right now is not something new in #BTC    cycles. It usually lead to impulsive moves.

This is a very good development and I hope it will be able to achieve the reason why the AU and the old members agree on the term.

But instead of trying to make it G20 which disfigures the round figure of such like it, why not maintain the G20 irrespective of how many members they have? By the name, it would have easily defined the started member states.

As it is now, China is trying to do anti-US and Western states, it's possible the vacuum will still help in maintaining the G20 name without disfiguring it to G21.

The demand and limited supply of bitcoin work together to affect the price of bitcoin. The halving event has proven to be a good catalyst in the growth of bitcoin price.  But, after the halving, or bullish run that follows it, the price also falls back to a low amount. Because the bear market scare many users away and makes them feel like they're not good investors. like Op said, without the demand, bitcoin price won't make any much positive changes. Hence, when more people stop investing or trading bitcoin, because of its price volatility the price begin to drop, causing more users to pull off their money into fiat. It's realistic that bitcoin will not fail us, if a good number of countries, facing inflation adopts bitcoin as a means of exchange or payment. And the high expectation that bitcoin price will hit fresh ATH, may get the attention of the media. If they begin to publish such trend, more people, who wish to profit money through bitcoin will throw in some money into it.

A few years ago many people never believed that Bitcoin would be accepted as a medium of payment. Today it is accepted in many countries and reputable institutions are now clamoring to be part of the Bitcoin system. The effect of Bitcoin on national economies might be debated but I believe that soon the impact will be visible.

I agree that it is going to be a lot more important to invest now and wait for the price to increase than keep on investing and then expecting something to change. I know that it is not going to be simple and it is going to be something that changes things on the long run. I fear that it is going to be a big deal when the price goes up and these people haven't invested already.

I have met a person who lost money even during the bull run, and turns out he bought when it went up, the moment it started to go down a bit, he thought he was too late and it started to crash and sold, and it went up again. So people should get in right now and not a lot of days after it starts to go up, thats not going to be helpful at all.

What kind of people are capable of market manipulation?

Economic unions, as history shows, are constantly transforming. The political situation in countries can change dramatically, and one or another economic union will simply lose its relevance. The larger BRICS becomes, the more internal disputes and disagreements will arise.

Do you have any sources that suggest that there would be excessive money printing in 2024 also?

I am not denying the bull run here but I see that you are too over excited for the BTC halving and bull run and you may overestimate the targets for the bull run. I think it is better to remain calm and realistic and the effect of money printing may not be instantaneous. Yes, the history does repeat itself but it will be impossible for anyone to predict when it will happen. No one can time the financial market perfectly.

2008 was the year when the global financial crisis really hit the world, although it started in 2007. Now, Bitcoin is speculated to have been created partially because of a desire to give people an alternative in a situation like that, when everything's failing. But there still hasn't been a major economic crisis to see how it performs under such harsh global economic conditions.
In any case, it doesn't look to me like 2024 will be the year of a big economic global crisis, so I don't think 2024 is 2008. Perhaps the op meant something else, but the post is vague, so I don't know.

What if you are appointed as a bitcoin investment manager by the Central African Republic? Would you consider the 4-year cycle of bitcoin? Will you buy and accumulate 2 years earlier until its next halving and then sell them after the halving year? I am not sure if the big financial institutions are doing this but more likely that some of them as already into this type of strategy.

The volatility of bitcoin will continue until it reaches its long-term potential. Maybe if the whole valuation of bitcoin reaches double digits in trillions of dollars its price will have difficulty making big waves.