I dont think we are gonna see btc hit back 70K or hit new ATH this year my best guess is that would touch 40K is top or sideaway in 30K unless there is super good news that happen like US start legalized crypto as everyday payment like Elsavador did  |
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First of all in my opinion that is not going be happen since we all know the cycle and the difference between the old cycle and to new cycle. In this cycle, I see there are a lot of institutions that want a piece of the Bitcoin pie starting from a public company like MicroStrategy to Tesla now BlackRock, and Fidelity I think these companies will pave the way to the next bull run and the world seem looking it too. and for the worst scenario is maybe in next next cycle bitcoin can longer record all time high when reached 1 million per bitcoin |
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 Source Coinglass - https://www.coinglass.com/todaySADTember was here and my sentiment would follow that this time is best to accumulate more and dca would great and sell up later next month or after halving. and my opinion there is possibility that bitcoin price will down to 24-20K |
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September Update Bitcoin not moving again it goes sideaway and most likely going to a bearish moment again. I hope not gonna happen, but the 200 EMA shows Bearish and now testing the local support We need at least good news to make bitcoin move again after the last time SEC lost against grayscale but chose to pending all etf applications. So wait and see is a better option right now. and september usually refer to a SADTember  |
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This is an unanswered question but there are certainly a lot of people looking for the same thing as the OP. Many people want to become rich overnight and that is why many people invest in shitcoin projects hoping to become rich overnight. But the result, as we all know is that no one can do that.
Yeah, to be honest, this will never be unanswered because if there is a legal business that today launches and tomorrow begins to make a profit everyone will do it. That is how the world works. Maybe there is one or two business out there but we will might never know |
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I currently prefer Stable Coin since I don't have a USD Bank account and sometimes saving using real fiat come with high cost including bank fee, forex fee spread, and many more. Maye countries who have an inflation rate would prefer the same as I do The cheapest is a thorough Paypal and wise but both of them still have the high fee rather than Stablecoin but dont save much in stablecoin too since so much is going on including war with the SEC that happen with BUSD or falling peg like UST.
So saving in bitcoin maybe is the best option for non fiat
Are you sure that with such high volatility, bitcoin is suitable as a savings? Savings are the money we will use in case of an emergency, in the near future. What if bitcoins drop 10% or 20% and you have the guts to use them then? Bitcoin is only suitable as an investment, it is not suitable as a savings or store of value. Im sorry bro but can you read again I write it the best option for non fiat and Im still prefer stablecoin over it for saving. Tho is not just me who saying it "Scarcity: Bitcoin has a finite supply of 21 million coins, which makes it resistant to the arbitrary inflation that ails traditional currencies. This limited supply gives it a scarcity value, making it a valuable asset to hold and store wealth" https://bitcoinmagazine.com/guides/store-of-value |
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Can we say that trading using local currencies has become an attractive trend, especially with countries beginning to diversify their reserves, or is everything that is happening an attempt to put political pressure on the United States?
I do believe this is going to be a trend in the future since we don't need US dollars to act as the middleman. If you look at the news now that "Southeast Asia moves closer to economic unity with new regional payments system" - https://www.cnbc.com/2023/07/30/asean-moves-closer-to-economic-unity-with-new-regional-payments-system.htmlKEY POINTS - ASEAN nations are working together on a cross-border payments system that’s hoped to deepen financial inclusivity around the region
- Residents in Singapore, Indonesia, Malaysia and Thailand can now pay for goods and services in each other’s countries using local currencies, which analysts expect will boost tourism, consumer spending and remittance flows.
- Micro enterprises, small- and medium-sized businesses and the unbanked population are expected to benefit the most, experts say.
Crazy right and now BRIC also to implement this countries who banned by US in some cases like Russia, Chinna and Iran may lead the way. Slow but Sure I think USD is going to be dethroned from the world's top currency. |
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you can add https://www.coingecko.com/en/public-companies-bitcoin this to your list the top HOLDER is Microstrategy with 4 Billion USD and almost 1% of total supply crazy right? I think this trend not gonna stop here if all ETFs is approved by the SEC there is so much possibility that maybe 20%-25% bitcoin total supply will likely held by big companies including BlackRock. The good thing is now other major companies or retail will look BTC more but the downside is bitcoin price might have a great correlation with world economy. |
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I currently prefer Stable Coin since I don't have a USD Bank account and sometimes saving using real fiat come with high cost including bank fee, forex fee spread, and many more. Maye countries who have an inflation rate would prefer the same as I do The cheapest is a thorough Paypal and wise but both of them still have the high fee rather than Stablecoin but dont save much in stablecoin too since so much is going on including war with the SEC that happen with BUSD or falling peg like UST.
So saving in bitcoin maybe is the best option for non fiat
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Hahahaha it would be great if they do that but where is the source? Trust me bro!!! hahahhaha
The euro is one of the greatest fiat and has been used by many European countries so I don't think it will fall in a couple of years. However I would really appreciate if they start making on-chain stablecoin like USDT backed by 1:1 Euro and government-issued
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I don't believe there is business today you launch and tomorrow making a profit Maybe a small business, yes but the margin of profit would be small. Oh, there is one business that fills the criteria that is scamming people.   But do not do this but you can set up a business today and start selling fake tokens or phishing people and get a dozen of profit from it in a day or so. Usually some business they need time more than one or two year get back their capital before making profit, but I want to try if there are have business model launching today and enjoying profit tomorrow
You're not wrong about this, some business needs time to study them and get focused on how they run before we even started in other for us to have better understanding of how to operate them, if we can truly build a business model and have something tangible to write on about what we do, such could have been the only requirement for us to have a free opportunity to financial flow of income in the economy. Some of it can even take more than two years one example is offshore oil rigs which could turn a profit when the oil prices are high and they need at least a couple of years. |
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Solar panels only generate electricity when the sun is shining. To mine continuously, you'll need a reliable energy storage solution, such as batteries, to store excess energy generated during the day for use at night or during cloudy days. Wouldn't it be too expensive?
That is why OP asked everyone here because in my opinion that would be expensive and inefficient if we don't know about batteries One of the problems is corrosion to batteries too. The best way is to do mining like philpma did store electricity in the grid. I think the best is mining with solar panels during the day and mining using the grid at night at least this method I believe can save electricity. |
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I think if you are a long-term HODLER just buy DCA and forgetting about the price as long the price is not ATH yet and add more if reach ATL but bitcoin will never reach atl hahhah so just bought it and forget it and if you have money just buy again and only sell when new ATH reach
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 This is the percentage of IHSG/ Indonesian Stock all combined Bitcoin can surpass it  |
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As someone who is involved in the world of agriculture because several of my family are farmers, I admit that every year farmers complain more and more about crop yields and selling prices that are no longer balanced. I mean the selling price of grain every year does not increase significantly, while the price of basic commodities every year increases little by little due to inflation. Or as my brother @uruhara said, reduced quantity and volume like the "Mie Sukses" you told us about.
During the harvest season, prices tend to fall. I think this needs government intervention to control prices. Or at least provide subsidies for fertilizers and pesticides so that farmers can still survive by selling their agricultural products at prices that seem stuck there every year.
Yeah I know what is going on with agribusiness, usually, big companies buy the crop at the futures contract means that no matter how expensive the fertilizers and pesticides or what happens in the nature they set the price early so farmers will earn less. Government and big companies should discuss about this and figure it out the solution |
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I don't think that properties will be hit. These mass migration to Canada from all over the world which has increase the prices of apartments and airbnb. So even if the locals cannot afford it due to the recession, the migrants would.
First What happened in recession? "During a recession, the economy shrinks because of pullbacks in economic activity, especially consumer spending and business investment. Companies lay off workers and slow hiring, unemployment rises and wage growth stalls" - https://www.usatoday.com/story/money/economy/2023/06/05/what-happens-in-a-recession/70237317007/This means people will spend less money which is why properties will be hit hard and usually before recession happen there is a high inflation rate and the central bank will raise the interest rate and built property is use lot of money and when the interest is high the property price would high Short term is domino effect |
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no my solar uses the grid as its battery.
grid tied with zero batteries.
Wait wait I still don't understand is the scenario goes like this. So you set up a solar panel and then energy from the panel goes to the grid and some of it goes to miner. When night comes the grid owes you energy from the day and you took it at night? Is that right Well, that is clever but in only happen in couple of states in US? |
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No No Bro don't short anything at this point you might already be late but if you like the high-risk high reward then go ahead. if I had the capital right now I surely go stock on TSX since Canada has big gas and oil and mineral buy companies that are related to oil and mineral I think is a good idea.
Bank and properties will be hit hard but energy and commodities won't so you can easily know what sector that still generating profit when the recession happen but again if you have the capital and want to the High risk high reward you can buy all of the sector and see couple of percentage or even hundred percentage of profit when the economy back to normal.
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Yes diversifying I think is necessary Gold is stable but I prefer a Bitcoin but quite sometimes I buy Gold when purchase stuff online and there is a checkbox to round up or payment for gold. I already tried Mutual funds for a couple of years now because the APY sometimes is better than traditional banks and now some securities have the function of selling our Mutual funds on the same day without hassle. lastly, I bought stock and quite active for a couple of month and basically stock is the same as crypto but the prices is highly Volatile when there is news comes up and that is but my bigger portion is still on crypto market Real Estate is highly expensive for beginner I think the way we invest is by fractional own from program like REIT |
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@Uruhara since we are in the same country Yes I also noticed in couple of prices of snacks You know what I am talking about I will give you an example price of chocolatos or the Beng Beng even Oreo also hit by the inflation. Maybe you will notice it by a smaller size or they increased the price to keep them to profitable. before the pandemic, we hit inflation around 2% You might we not gonna notice but after the pandemic hit inflation spiked supply and demand disruption and ongoing war Even noodle prices went up by a percentage. So we need to wait to all the economic calm down but I dont think today price and size wont back to the good old days again |
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