There is no doubt that the price of most coins & tokens will pump from 2024 to 2025 but it’s difficult to say what will happen for the rest of 2023. There is the lingering fear of a recession coming this year so at any point, if the US was to announce a recession the bullish momentum would end & price would probably dump.
It’s just so difficult to say, I would advise to buy & hold. Don’t try & leverage trade, it’s too difficult to call which way the market could move at the moment.
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The reason why people in power in the US & central banks are moderately hostile to bitcoin is because they don’t want people moving money out of the $ into bitcoin. I guess the higher the bitcoin price goes the more likely it is that people move into bitcoin en masse. That would be a bank run of sorts & the economy is in enough of a mess without that.
Personally I think bitcoin will best down any regulatory resistance & pressure from people in power to suppress it. Bitcoin is unstoppable, it’s like a ball being held under water, when it’s let go you know what happens.
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I think undoubtedly that there will be people holding their crypto until the bull run & beyond that, into many future bull runs. There are lots of people who think long term. People who think short term & want quick profits are usually the types who end up REKT. Patience is so important in any investment vehicle.
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1 bitcoin is not going to make you rich, not for at least 10 years & that’s if you live in a less developed country. I think we can see $1,000,000 per bitcoin in the next 20 years but that’s not rich these days is it. My advice is just to keep buying sats, keep going until you are old. If you are only just getting into bitcoin now, you won’t get rich quick. You can make life changing money but it’s going to take a decade or two to be rich if you can HODL that long.
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Yes because everything else is controlled by a very small amount of extremely rich people. Decentralisation is tge only thing that creates an honest market, you can’t get rugged by some shady dev or group. Bitcoin is the only investment I totally trust, everything else is just a short term fix to try & get more fiat.
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It’s nothing to do with Dogecoin, which by the way, is a total shitcoin being pumped & dumped by Elon for his own fun & probably financial gain.
The financial world is a mess, inflation is killing peoples savings so they flock to better investments than fiat banking products, eg bitcoin. The halving is coming & people in the know are aware of what happens to the proce after the halving.
I don’t think we’ll see a new all time high in 2023 but 40k is possible.
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Best thing to do is show them a chart detailing the loss in purchasing power of the $ over time. Show them how much money the FED print out of thin air when the economy is in trouble. Then show them the bitcoin whitepaper, tell them nobody can print more bitcoin than 21,000,000 ever.
I’d show them a bitcoin price chart since 2009 & educate them on the block reward halvings every 4 years, tell them about scarcity, demand & pretty much just over time NGU (number go up).
If that’s not enough for them then let me quote the man himself -
“If you don't believe me or don't get it, I don't have time to try to convince you, sorry. Satoshi Nakamoto
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It doesn’t surprise me, Russia probably see the US beginning to make things slightly difficult for miners & investors regarding bitcoin. Russia probably thinks if the US becomes hostile to bitcoin adoption they can seize an advantage by becoming bitcoin friendly. We all know that China banned bitcoin but I’ve been reading lately that Hong Kong has started to think about State Owned exchanges so maybe as part of a NWO Russia & China are planning to become crypto friendly in an attempt to become the world super powers.
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I think bitcoin will hit $1,000,000 for sure, it’s obviously very difficult to estimate when. Just for fun though, I will join in. I think if we are still seeing 4 year cycles play out then that can give hs a starting point to make a prediction, the next halving is approx Q2 2024. The price usually moons approx one year after the block reward halving so I would estimate something like this -
Halving in 2024 ——-> 2025 cycle high of $200,000 Halving in 2028 ——-> 2029 cycle high of $500,000 Halving in 2032 ——-> 2033 cycle high of $1,000,000
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I think you are still considered a risk taker if you buy bitcoin but considerably less so than even a few years ago. The market has matured a lot since even 2017/18. There are lots of battle hardened HODLERS who don’t sell when dumb FUD breaks, even if it is government or regulatory in nature.
Bitcoin is still a risk on asset but as time goes on it may be that you are more of a risk taker to not hold a % of bitcoin in your diversified portfolio.
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Guys, I wanted to get your opinion on Cardano. I've heard a lot of good things about this cryptocurrency, I'd like to hear your opinion as well. Thanks.
It’s a good coin, has potential to really do well in the next bull run. Current price is $0.38 so it’s very cheap, there isn’t much risk in throwing a bit of fiat at it, just incase it moons hard. You don't want to miss the opportunity as it’s so cheap. What’s the worst that can happen, you’re down on a few hundred $ investment. The upside is worth the risk in my opinion.
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The best time to buy was 10 or more years ago, the next best time to buy is now & that’s all you need to know. Bitcoin is designed to go up forever due to it’s inflationary features by design. Nobody who holds bitcoin for two 4 year halving cycles ever lost money, in fact over that time frame everybody made life changing money. Seriously, with a mid to long term mindset you have nothing to lose.
Buy BTC.
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It’s totally up to you what you do with your bitcoin. What’s important though is you don’t spend all of it, maybe try and replenish what you spend. It might be a good idea to have some in cold storage that you plan to hold long term as an investment & some that you spend & replenish when you’re able to. The important thing though is that you’re here & already invested or thinking about investing in bitcoin, that’s the first victory.
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Everybody needs a certain level of education. High School level English & Maths is enough to succeed in life in my opinion, you don’t need a college degree to be successful.
So many people go to college & study useless degrees without a plan of what career field they wish to pursue. So it’s important to be educated to a certain level, high standard education isn’t needed to be a success.
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Being a bitcoin investor isn’t about the size of your stash. It’s about conviction & motivation to continue investing, hoping to change your life for the better. The world is a real mess at the moment & has been since COVID broke out. Financial markets are in turmoil, keeping your money in banks is suicide.
Being a bitcoin investor is somebody who takes control of their future by investing in the future of money, bitcoin. Now is the time to act, no matter how small your purchases are, belief & conviction in buying bitcoin makes you a bitcoin investor.
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I think altcoin season usually comes at the end of huge bull runs. We are not there yet, in my opinion altcoin season will come after the next big bull run, end of 2025 or 2026 (if we are still following the 4 year cycles from halving to halving).
I hope you’re right & it comes sooner but I think it will be a while yet.
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Unfortunately for them there’s nothing they can do about self custody practises. Unless they want to go North Korea style & start kicking doors in to seize assets then there’s nothing they can do. Sure they can make it more difficult by closing on & off ramps but willing people will always find a way. Of course there will be lots of unfortunate boating accidents if regulators start to become too heavy.
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Only 21,000,000 bitcoin will ever exist, you can get a head start on people a lot richer than you by stacking as many says as you can right now. Sure people will have more than you but you can offset the divide in fiat wealth by buying as much bitcoin as you can whilst it’s still relatively cheap.
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Yeah, you're right. I prefer DCAing, it works great in a long term and gives some consistency. You start to care less about weekly fluctuations and start looking at the big picture.
This is the way although obviously if you have money set aside to buy bitcoin in your bank & the price crashes due to an unforeseen black swan event, i.e. COVID crash, then it’s not a bad idea to take a calculated risk & smash buy.
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