Yeah, cryptocurrencies are definitely the best place to invest into. Because the profit rate in the long run is much higher compared to any other currency, gold etc.. Hence, why would I want to miss this great opportunity? It's just patience that I need. The rest of it is easy if we are talking about a Bitcoin investment.
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Bitcoin is already more valuable than gold. Bitcoin price is over $45k now. And in terms of the price, I think that Bitcoin will continue to be much more valuable unless there is a really huge dump and we see very low levels. But when it comes to crypto in general, I think that there are only a few coins which are more valuable or can be like that in the future.
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My August target has even increased now. Because I wasn't expecting Bitcoin to reach a level like $46k so soon. It won't be surprising if we see $50k until the end of this week. And my new target is now $55k (it was $50k before). And the thing that I'm curious about the most is if Bitcoin price will reach new ATH before even we expected.
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Most of banks are still not working with Bitcoin or any other cryptocurrency. But I believe that it will change in the future. Banks will even line up to do so. Because they won't be able to do without digital currencies. Every day, more people join the digital money world. And at some point, we will stop using paper money also. Then if banks still resist, then they will be gone one by one.
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We were actually still in the bear market until a few days ago. Now, everything has changed about the market. Nearly all of the cryptocurrencies are bullish, Bitcoin being in the first place. And this may even trigger reaching a new ATH levels for many cryptocurrencies in the future. It depends on whether this is the bull market or not of course. But I feel like bullish.
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It would be really assertive to say that Bitcoin would never be gone. Because none of the cryptocurrencies in the market guarantees so, even Bitcoin yeah. Bitcoin is the number one cryptocurrency now as it has the most dominance percentage now. It is around 46% now. As long as this doesn't go way down, nothing will change. But some day, I think that another cryptocurrency which already exists or not will take Bitcoin's place. And after that, maybe even Bitcoin will start losing the high demand and popularity. And this will cause the vanishing of it.
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There were many people who were wishing to see Bitcoin price going down below $20k to accumulate even more. But the price didn't even come close to $20k. It went down to $29k the least. After that, we know what's happened and happening recently. When we were in the bear market, I was expecting to see the price going down to $25k the least so I was also surprised to see this sudden rise.
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I don't know whether this news could affect the prices of cryptocurrencies directly very much. But it will affect the adoption rate very much that's for sure. This will streamline the process which cryptocurrencies enter our daily life. Because if most of the companies start owning crypto and even accept cryptocurrency in some way, other people and institutions also will notice this and do the same also.
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I agree with your opinion. Bitcoin price doesn't care about big companies like Tesla or Amazon too much anymore. It was not the case before. Tesla's actions affected the market at a high rate a few months ago. Not many days ago, Elon Musk said that Tesla would start accepting Bitcoin payments again. But it didn't affect Bitcoin directly right after this statement. This proves that something has really changed.
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For now, it doesn't seem like there will be another "golden opportunity" to buy anytime soon. Because Bitcoin price has already started to increase at a very high rate. The price is over 46k dollars now. The most advantageous price to buy was around $30k. And I bet that there are many people who accumulated more then.
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I was also thinking that he was aiming to make this industry worse than before. Because when he stated that Tesla was going to stop accepting payments with Bitcoin, the market was affected by this news deeply. We saw that Bitcoin started to decrease sharply. But now, he seems like he wants the goodness of the market. He said that Tesla would start accepting Bitcoin again and talked about positive things about this market with Jack Dorsey.
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People are just FOMOing right now. They don't want to miss the new train. I say that it is always good to buy. Thanks to this, Bitcoin price can break every single resistance levels easier. I think that the price can even reach $100k this year. So, even buying now will mean that you will double your investment.
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I can't say that money and happiness are unrelated in any way. They are quite related. Because having no money or a really few amount of money equals to being unhappy to me. Maybe this is different for many people also. But I can't be content about my life unless I have enough money to be able to get something I like. I don't mean that I must be a really rich person. I mean that I should be able to afford the things I like.
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It's already a proven thing that buying when the price is low is always much more profitable than buying at a high price. And this can't change in under any circumstances as long as the investor becomes patient and doesn't sell until the price goal is reached. For now, the dip was $29k and people who bought at that level must be quite happy now.
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I confirm that my details are fully correct. Thank you for accepting me into your campaign, sir. I'm happy to be accepted and I'll start my work right away.
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Available spots. 1x Full member
User: Spack17 Position to Apply: Full member Posts Start: 1406 Address: bc1qf0nc4qsrhuvqkuljvdju52pzx06ypc6sqff2w4
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I'm not only an investor but also a trader actually. I like to make short-term and long-term investments into cryptocurrencies. I go for short-term when the market is really active and we see positive movements. I prefer long-term ones when the market is passive and we see the dip. This my strategy in the recent times and I'm happy about it.
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You are taking a risk whenever you invest into a cryptocurrency. And you are doing it with your money. But the size of the risk you take is really important. You shouldn't take a risk that you cannot afford if you lose. It's really insane to do such thing. You should act smart while you are making a decision about taking some risks.
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It's related to Bitcoin's movements actually. Because it's the most dominant cryptocurrency in the market now. So, it literally controls the other coins too. Whenever Bitcoin is having a bad period, we see its reflection on the market and vice versa. As long as Bitcoin is the number one cryptocurrency, I don't think this will change either.
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Becoming the king is not an easy task for any cryptocurrency in the market. Bitcoin is far ahead of all of the other coins right now. It has a dominance equal to 46% now. The nearest competitor is Ethereum with 17.9%. BNB has a very long way to go if it wants to get to the top. As Bitcoin is the most credible and used cryptocurrency among the people, it'll be really difficult for BNB to reach Bitcoin's level. Besides, as BNB price continues to rise Bitcoin price also rises. It seems near impossible for BNB to catch up with Bitcoin in terms of the price.
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