The superpowers of the world will not surrender their hold on global financial system so easily, so it will be funny for anyone to think that it will be an easy for bitcoin to have a free ride into the mainstream.
Indeed, existing superpowers and well established Finanancial institutions based on fiat currencies will not easily relinquish their control over the global financial system without resistance. The emergence of Bitcoin poses a fundamental challenge to their authority and influence. The adoption of a decentralized currency like Bitcoin could potentially disrupt the current financial landscape which has been shaped up by decades of political, economic and technological development. Bitcoin's path to mainstream acceptance will continue facing obstacles of regulatory issues, institutional resistance and technological barriers. The journey into mainstream involves negotiations, pushback and adjustments. Despite all these difficulties, we should remain optimistic and continue building strong narrative supporting Bitcoin adoption. |
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As in my previous comment within this thread, I had mentioned that Elon Musk is working on a comprehensive plan to add crypto currency based system in twitter (X). Today news piece has surfaced, reveling that Elon Musk has successfully obtained license in three different US states for this intiative.This significant positive development has led to remarkable surge in Bitcoin price. In just one day, its price increased approximately $1500. https://cryptotvplus.com/2023/07/twitter-secures-payment-licenses-in-three-us-states/ |
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Elon Musk's approach to twitter is an interesting case to study and analyze, however it would be premature to establish any opinion about twitter before its substantial upgrade reaches completion. I understand that his team is working behind the scene to integrate this social media channel with automated bots and a potential payment infrastructure facilitating global transactions for good and services. There is a possibility that he could potentially integrate payment system based on crypto currencies into the mix.
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It does not seem fair to characterize the low adoption of bitcoin transfers into El Salvador as a complete failure, even though those numbers do show a pretty small usage of bitcoin to transfer value from other countries.
Certainly, it is unfair and unjust to blame EL-Salvador for its failure to boost adoption of Bitcoin and relatively lower volumes of local and cross border transactions.It would be rather more appropriate to recognize and appreciate for their proactive and courageous step taken by its political leadership in embracing Bitcoin as method of payment. The role played by El-savador Nayib Bukele will be imprinted in the annals of history and remembered for generations to come. |
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The role of Bitcoin as method of payment versus a tool of investment has been a subject of discussion with varying viewpoints. Nevertheless Bitcoin is gaining more acceptance as investment assert. The general public perceives it a precious asset with potential to significantly impact their future financial status, if held for long term. The historical track record of 15 years supports such anticipated future scenarios of Bitcoin.
As far as XRP is concerned, it is mostly used for faster and cheaper banking transactions. This is why it is getting more partnerships with institutions and it is not generally considered a threat to current fiat based monetary system.
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The key to personal finance doesn't lie in books, courses, videos or lectures. It lies with the individuals. And it is largely behavioural based.. An individual may study all on the courses in the world on personal finance and read all the books by personal financial coaches if the person doesn't change their attitude towards money and the no amount of government programs can change their financial status. Some of the behavioural and attitudinal changes that they need to do is to embrace responsibility, discard limiting beliefs, and take proactive steps for financial success.
Certainly, you have highlighted the fundamental truth in personnel finance. While resources offer valuable insights but they can sometimes overshadow the pivotal role of behavioral and attitudinal aspects in managing finance. These are the driving force behind financial success. While knowledge equips us with the tools, it is our mindset and behavioral shifts that steer our financial journey. In essence, personnel finance is all about building a foundation of knowledge and then applying that knowledge with mindset of responsibility. |
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I mean people have become that lazy now that they are doing copy trading and wants to automate it too. I mean really. Just to mention I checked your website it's quite brand new so you must come up with something unique like intro to yourself because that's raise a red flag in my mind you did not disclose any of the teams information (or I might have missed) but still looking forward to it.
Like if the social media accounts would be linked to it then it would be more comfortable for one to trust on your newly platform. And just to mention out I am not trying to discourage your efforts here as I was solely talking about those lazy people who are going to use such tools. So you are ok in my thoughts because you are just providing services which could save one's time but of course it would be a waste of money.
Every person have there own set of mind and my mindset is instead of paying $19 dollars per month I would love to add that money in my holdings even the amount is not that much but at the end it will make sense and worth too.
Thanks for sharing your trading experience and thoughtful insights. It is true that every formulates his trading strategy as per his convenience and mindset, and these tendencies are not easily subject to change. It is also true that rise of technology has provided us with range of tools that provide automation, a development with both advantageous and disadvantageous effects. I personally prefer to use my set of traditional technical indicators to explore trading opportunities. |
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We all go through financial difficulties in our personnel and family lives that are challenging, and require careful planning to overcome them. The pursuit of earning ample resources to ensure a comfortable life for you and your family, demands significant efforts. However, once you succeed in achieving level of financial stability, the task of preserving it can prove even more challenging.
In summary, it necessitate wise investment decisions with careful planning, that not only yield a substantial passive income but also facilitate growth in value. By doing so, it is possible to uphold consistent state of financial stability. i
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Just has you have said, business never work that way. It mostly take some months even years sometimes before profit are made in a business. This now depends on the business you venture into
You are absolutely correct. Business doesn't operate as simplistically as OP anticipates in his opening post. Venturing into business requires well crafted plan, through market research and infusion of reasonable amount of capital to initiate. Moreover, it demands determination, substantial time investment and concerted efforts to establish solid customer base, to effectively market your products, and ultimately generate profits. |
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first off, I have to address the 'beehive' typo. Let's just clarify it's 'believe.'
Physical notepad for wallet data? Seriously? Its a decision, but lets look at security and history. Throughout history, written words on paper or stone tablets have been damaged, stolen, or lost. However, your point about distrusting electronics is valid. A digital age paradox: the instruments that enable digital assets can also be their downfall
Discuss the next generation. Teaching our kids about Bitcoin and its technology? Extremely important! The digital domain will host future economic, political, and social struggles. However, your comment regarding optimum advantages and pass on to them is redundant. In conclusion, your old-school way works. Its not foolproof. Make the youngsters Bitcoin-savvy, but give simple, concise messages
Thanks for the correction, I apologize for my spelling and grammar mistakes, as English is not my first language. Your observation holds true that shelf life of words written on a paper is limited, and they can deteriorate overtime. Nevertheless, utilizing good quality of ink and paper, along with protecting the document from sunlight and moisture, we can consider the option of applying transparent plastic sheet through lamination. By doing so, it is possible to prolong the durability of document for extended period of time. |
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Initially, I recorded all my crypto wallet information in a physical notebook. My intention is to educate my future generations about cryptocurrencies like Bitcoin, ensuring that when they possess sufficient knowledge, they can access and recover the assets I've set aside for them. It seems like the most effective method to pass on my crypto assets to the next generation.
I believe it is the right approach to record all information related to our wallets in a physical note book, and I have also chosen the same method to secure my keys, because I don't prefer to save such crucial information on electronic devices. Moreover, it is essential to provide our children with solid understanding of Bitcoin and its underlying technology so that they can explore optimum benefits from these digital assets that we will pass down to them. This ground will enable them to take optimum advantages of this digital assets that we intend to pass on to them. |
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Bitcoin price is unpredictable but to say that bitcoin will hit $1 million thanks to the economic crisis, I don't believe it either. So far, bitcoin has been considered only a speculative asset and as we have seen. Bitcoin dropped in price quite a bit during the economic crisis of 2022, it was not sought after by everyone as a safe haven like gold.
But if the development and demand for bitcoin increases over time then I believe 1 million USD per bitcoin is possible. But it's not the economic crisis, it's the demand.
I have a different hypothetical scenario contradicting the general belief of people that Bitcoin will outperform during the difficult economic periods. Bitcoin's past behavior and particularly its correlation with stocks market during the bearish period of 2021 and 2022, when it used to get affected by CPI reports and interest rates announcements. This pattern suggests that during the times of economic crisis when interest rates are high, people don't have extra funds for investment, that's why all high risk markets tend to decline including Bitcoin. In summary, It is possible that in future Bitcoin price will rise to 1 Million dollars, and this might occur during the times of economic prosperity and loose monetary supply policies. |
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Any business where today you launch, tomorrow you begin making profit...?
There are numerous opportunities available in Ecommerce sectors where you can start making money comparatively in shorter time. However, it is essential to undergo comprehensive training in establishing online store, honing your marketing and research skills and mastering financial management. With the right expertise in these areas, you can unlock the ability to expedite revenue generation. |
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My wealth plan for next 3 years
I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.
The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.
I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.
And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.
It appears that you have some clear ideas and strategies to approach your wealth plan over the next few years. One aspect is to leveraging loans when fiat currency value is high and capitalize on potential investment opportunities, that seems prudent approach. It is also worth mentioning here that ensuring a diversified portfolio is crucial, therefore investment in Bitcoin, Gold and silver as well as in stocks to be considered for a balanced portfolio. In summary, exercising prudence is crucial when considering loans. This involves a comprehensive assessment of aspects like interest rates and one's repayment capacity. |
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I was having a conversation with a friend, and we talked about how difficult the economy is and how it can disrupt someone's plan to hold their bitcoins without tampering with it. I think this is true because if you think of how difficult things are getting, Salaries from jobs no longer sufficient to sort all needs, and profit from business seriously affected and made intangible because of the increasing cost of running a business and the rising cost of things.
Holding your bitcoins has a lot to do with discipline truly, but discipline is harder to practice when you are being suffocated and suffering financially with plenty bills and responsibility to respond to. People in countries with better economy, where there are good jobs and businesses are working, Bitcoins will easier hold than for people who are in places with terrible economic situation. What do you think?
Your insights are indeed on point, highlighting the issues associated with the decision to continue holding Bitcoin during the recession like economic environment that has led to hardships for all of us due to escalating prices of food and energy. Despite all these challenges, we should exert our best efforts to avoid selling Bitcoin for immediate but modest gains. Instead, we should exercise patience and wait for the halving event, which has potential to reward us with huge gains. |
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What's the point of buying bitcoin at $1 million dollars? How many centuries will we have to wait for bitcoin to become worth 2 million dollars - that is, to get only 2x? The higher the price, the less sense it makes for speculators to trade this asset. We will see.
The price of Bitcoin reaching a valuation of one Million dollar is a hypothetical scenario based on speculation. However, If its price really hits 1 Million dollar mark in the next bull run, it would likely reflect the strong demand of this valuable asset, and some experienced investors would still choose to invest in this cryptocurrency, anticipating further appreciation in its price driven by continued demand. |
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Indeed, practicing prudent spending habits and upholding financial discipline is key for achieving financial stability is not only crucial in your personnel but also in your professional life, particularly for those involved in business activities. It is imperative to align our living standard according to our earning, as well as develop habit of setting aside some cash to address unexpected financial needs. Additionally, enhancing our skill set for generating some extra income is equally important. This extra income can be utilized to invest in precious asset like Bitcoin that can potentially yield significant rewards in future.
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This thought have been bothering me for a while and I feel we can discuss it here. Many people that are building their Bitcoin portfolio are doing it to also save for the coming generation. However, how this wealth will be transferred to the heirs and the next generation and how this wealth will be preserved without being lost or causing problems still remain unclear. I understand for other tangible assets, a WILL can be written to be revealed when the time is right. But for Bitcoin, I don't know how this can be done as it may require revealing the secrete codes of the wallets or storage device. Is there any other way this can be done? My thought was captured in my comment in this thread but I felt to raise a topic for most discussion. In case this topic have been discussed, I will be glad to be pointed to the thread. You have highlighted an important and complex concern regarding seamless transfer and preservation of Bitcoin wealth to the next generations. I think Bitcoin indeed stands out as a promising asset to pass down to our successors. One approach could be to utilize multi-signature wallets, that require multiple private keys and digital wallets. This procedure involves two or three wallets and private keys to authorize transactions. |
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If Javier Milei wins the presidential election on 22 October this year, Bitcoin might get the needed boast in Argentina.
I don't think Bitcoin will easily regain its traditional status as currency. If the price keeps accelerating more people will keep it as an investment because it will become more precious.
It is an interesting development that change in Political leadership, such as Javier Mile winning the presidential elections, could impact the adoption and perception of Bitcoin in Argentina. Political leaders can in deed influence the policies that promote or hinder the growth of cryptocurrencies in the country. It is also crucial to note that political leaders often encounter challenges in translating their political agenda into action, particularly within the complex framework of well established democratic nation. Achieving consensus among diverse group of legislators is a formidable task, that demands skillful negotiations to navigate different viewpoints effectively. |
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