Many people spend money just for consumption, the presence of a youtube channel that reviews culinary stuff makes anyone want to try the menu, but if we think about old age that is coming soon then it's appropriate for us to divert all that money for better things, namely investment.
Consumption in the form of necessities of life is something that is always needed by everyone in their life, because if you live only to endure hunger because you don't want to spend the money you already have, in my opinion that is very ridiculous. There's nothing wrong with having a YouTube channel that reviews many things, including culinary matters, because that is also very useful for those who do business in the restaurant and cafe sector. In addition, those who like to try new culinary delights to consume at home are also not a problem in my opinion because they also don't eat those culinary delights every day, but rather the staple foods they often consume every day. After all, the investment is not something that should be forced because the investment can be done according to each level of ability without having to starve for it. I do agree that consumption is a must when you eat minimum and spend minimum, you survive, not live. Living is something else, do not go overboard and get in debt, do not buy things you do not need just because you want them, know your level, but if you put a too harsh constraint on yourself, you would never live. Plus if you always try to cutback on what you spend, you would never grow and that's not a good thing. You need to keep on growing and making more money, we are in the crypto and you could always make more, and you should aim at making more. If people mistake surviving with living, they will always be small and never grow, people who are super wealthy always looked for a way to have more money, not spend less money, that is not the way to grow. |
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Dedollarization? Intricate and multifaceted, like a Da Vinci masterpiece. Adopting alternatives might minimize currency risks and give economic freedom, but think about the worldwide repercussions. Sudden dollar abandonment? It's like a dramatic plot twist that sparks volatility and uncertainty. The dollar's global reign is crucial, folks. Tinkering with it? It's risky business.
However, dedollarization isn't just about dethroning the dollar. It's the world stage changing, China stepping up, and other currencies getting their share of the spotlight. Decision-makers must be cautious, like navigating a minefield. Analyze pros, cons, and other currency options. The ultimate goal? A prosperous, stable global economy where everyone wins
I feel like any American would always hate on the others, and that is why it is proven again and again that you need to pick one of the evils and hope that yours is the lesser evil. China is not doing anything that USA hasn't done in the world stage, they are definitely trying to make nations depend on them, but not like USA didn't do that neither, they definitely did and that is the issue. I always supported Euro, its neither dollar nor yuan, that way we do not need to focus on USA or China, and Europe is usually a lot more sensible when it comes down to stuff like these and should be alright. Can't say if it will be good or not but can say that it is going to be a little different and could be considered as better judgement compared to other two at least. |
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China is well aware that it is not able to replace the US and the dollar, or become their competitor. He has other goals. Its goal is to create around itself a belt of satellite countries that will be totally dependent on China/Yuan. How this will be implemented - let's wait quite a bit - the Chinese trap will soon slam shut, and everyone who has accepted the idea of "rejecting the dollar in exchange for the BRICS currency" will become completely dependent on what (I mean the currency and principles of interaction) that China will put in front of them . China openly declares that now HE is the second pole of the bipolar world, and it will LEAD this pole. And without total management and control of financial flows among its satellites, this task will not be solved for China!
Like USA did to other nations? I understand that you are an American and go around the forum protecting USA and its interest because that is what nationalism does to you. But even though I agree what you said about China is true, it doesn't change the fact that USA has ruined multiple nations with the exact same method as well. Look at Latin America, between disrupting the governments, putting oil companies that basically steal oil out of it, and forcing plenty of small nations to keep accepting dollars, there are so many nations that did so badly so far. I think that is going to be a tough one, it is going to be a trouble. I believe that every nation should deal with their own currency between each other, and that's how the world will be much better place, not USA, not China, each nation uses their own currency between each other. |
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Well this is big comparing to what is the price and movement now.
it drops again to 28k and yes continues to fall.
if I will look and believe that 38-40k , then we are having a correction now?
Having that type of increase is not unlikely, I mean we have seen about 30% increase before in a month and it could be once again this month too. However, we are not going to see something that huge if you ask me, is it possible? Sure it is possible but I feel like that won't be the case. I think more like 34-35k range is more likely because that is around 10-20% range of increase for a month and that is a lot more likely and will be the result. Having a 10-20% increase is nothing short of great. I hope that it will get better and we should be considering that type of profit once again, I am not sure if that will happen quickly though, not the first week of may right away, I think it will take a while like maybe third week of the month before we see those prices. |
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Yes I can see $40K being the top or at least $37k or something but I don’t think we will have a new ATH.
Most likely like I said before we are basically in an echo bubble and if we go to $40K it will most likely end up looking like a wick on the weekly and monthly candle sticks.
Economy is not looking good basically not a good time for many to be buying Bitcoin when they might lose their job. Hence why I don’t think ATH will be possible. Maybe next year or so when rates are cut.
Economy not looking good means better for bitcoin, because when world economy does badly, bitcoin price does better. I hope that it will take a while before we can make a decision on it, but I think it is obvious that we would not be here without anything bigger and should be considering bitcoin in the bullish period right now. The inflations, the recessions, all of these end up being better for bitcoin. Now that rates look like they may go down, more money flow to the market and some of that will hit bitcoin too and the price will do amazingly well. I am just waiting for June, when the June rates are published, we are going to see it rise. It wasn't like this before but after pandemic inflation became a topic and that is why fed rates matter nowadays. |
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The truth about scam project is that you are not 100% sure. It can tick all the boxes you expect as a legit project and still exit scam you or do a rug pull
In fact, if it ticks all the boxes, there is a possibility that it could be a scam as well. You first check the size, if something is too professional and big, then it will probably not be a scam because they would spend millions on it and look as legit as it gets, they could fail as well even while being a legit company but that doesn't mean that they will scam you. I knew a project that literally had office full of workers, there were 20+ people there, maybe as high as 30, and we saw videos of them working on it, basically 100% legit, but they failed because they just didn't get any interest from the community, when people don't invest, that means there is nothing to do about it. However, find those, they have a lower chance to scam and higher chance of success. |
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Ethereum has a strong fundamental and is part of a huge ecosystem, the demand for this blockchain is very high, so there will always be demand for ETH itself. Where there is demand, there is liquidity. ETH can also be used as a means to preserve the value of your money over an extended time horizon. For micro deposits, this asset is poorly suited because its growth is very limited and it is unlikely that the price from the very bottom of a bear cycle to the very high of the next bull run will yield more than x10 profit.
That is what I use it for. I know plenty of people USE ethereum for real, but I just invest and hold it, tried to stake for a while but it was too little return so I gave up, didn't worth the risk of putting it at a stakepool, so I just put it on my wallet and that's it, holding it for long term. I do not have too much anymore of course due to life situations, but I got some back recently and hoping to keep it as it is, not going to touch it. I did get fooled once about a bounty and tried to withdraw, but the cost of withdrawing was about 40 bucks whereas amount was 4 bucks, so I decided not to. That was the last time I ever considered doing something with ETH, after that there was nothing to do and I just kept on going without trouble. |
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Its your money then its you choice to make when it comes to investment choice because we dont know on what future holds and if you do see something that has potential or does have that kind of benefit or somewhat into these categories then you would really be making some move which it would really be just a normal approach but of course this isnt something that talks about on making money,
Always mind off with the risk involved because if you arent that careful when it comes to your investment decisions then all of those funds would really becoming to waste. We are talking about pension funds
on here on which this is something an amount which we would really be that depending on the time that we do get old.
If you could be able to bare up with the risk about Bitcoin investment then its your call.Just make it sure that you do have other investments as well if ever this one fails but even though this is unlikely
but its better to always have that back up plans because we cant really be sure on what are the things that would happening ahead.
That's the point, if you can take more time to secure your knowledge about this venue of investment then for sure it's not hard to realize the potential of this market, it's your money and taking good care of your finances is very important, if you can put portions of your pension then so be it, but putting everything in that's might need deeper knowledge in case things might not turn into your favor you can still have some portions of your money to use with your needs. All will depend on how good your understanding is and how you really wanted to take your venture to this venue of investment. That is a bit of vague answer though. I mean is it safe or not? Surely it depends on how much you know, and that is important without a doubt. But when you look at the market right now you realize that it is not really that weird and not really that different. I personally hope that the best thing to do in this case is to invest some part of your pension to just bitcoin and hold it until you retire, not make any moves just because it went up or down. That is an answer, it says you should put some of it, doesn't say how much so that part is still vague, but doesn't say it doesn't know. That's an important part of it. I know that we can't really make a big deal about how much we know, but we can't just say they have to make their own decision neither. |
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Investing in crypto requires good knowledge to be well positioned in the future. Investing in virtual currency in the virtual world requires intelligence to gain reputation as a good trader. Treading must spend its assets and then invest and hold. Investing Bitcoin in Cryptocurrency is definitely possible to accumulate good wealth in future. There is no future risk to your money when trading bitcoins. Holding Bitcoin is better than investing in all other currencies.
Perhaps Bitcoin has made good pumps in the past, as well as heavy dumps, but that shouldn't prompt us to back down; there is no time to make scuzzy excuses, only to take bold steps and begin now. Nobody knows what the future contains, but Bitcoin seems promising, and we should seize whatever trade opportunities we come across. It is critical to understand what we require and to be able to work toward our objectives. With consistency and investment in solid crypto businesses, accumulating wealth is straightforward. Taking critical risks for massive returns, I'm already used to everyday bitcoin trading, I'm confident, and I've never doubted my future goals. That is a good approach, and considering that we have increased in the long term and doing fine right now, that shouldn't really be a shock. I know that people are acting as if they are going to "know" when it will go up and it's a big talent, but the reality is that we have already seen down and we are about to see the up now as well, that's how they follow each other and should be considered. I believe that we could do well but that will not be easy for the time being, it will take a while. I believe that the best thing to do right now is to make sure that it will get a bit better. I think the best we could reach at the moment would be a profitable future and us getting ready today for it, that's what I am doing and that's what I suggest as well. |
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Many people trade daily but they over trade and they are always in the market. They usually don't exit the market and take a rest to have time to refresh their minds and have enough time as well as neutral mind to think of the market by analyzinita withouta personal emotion because of their existing positions which can be in profit or loss.
Most of traders are failed traders in the market and having a good win rate does not mean you will have net profit. If you are bad in capital management, one loss can turn your positive net profit to a negative one. Like you start with $100, win 10 trades and make your trading capital to $300. But if you use all $300 for your 11th trade and lose it big, yoiuu might end it with even less than $100 that is your initial trading capital.
There are too many trades that loses and only a few that does win, because only a few did what they should and most did not studied it at all. Bear does matter a bit, surely the leverage and futures made it possible that even bear is profitable, but it does matter, when it is bull it is easier to make a profit whereas when it is bear it is a bit harder because market is not moving with that kind of hype. If nothing else, we could talk about the volume and that matters a lot for sure. This is why I believe that we should not be focusing on bear and hope for a bull soon. Even professional traders who make millions of dollars in profits would rather have a great bull run, like see the price go above ATH, they will benefit from that too. |
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I feel like most beginners will learn from their mistakes by doing them, that is going to be the case for most of them, not going to be amazing or anything to do so, but it is going to be the reality and there is really nothing to do about it. If they make a mistake and learn from it, they will become better, if they learn nothing from the mistake then they are not going to be great at it and that is going to be a trouble.
Think of it like it is a boring approach, like if you could end up with learning by making a mistake, that is a terrible thing because you lost, but next time you will be better and make a profit thanks to that loss. This is why reading these will not be that easy to solve beginner issues, they have to do them personally and learn from them over time as well.
I understand that it is not going to be easy to handle your mistakes at first, but if they just make mistakes and try to learn from them, they will lack the education needed. Let's assume you made a mistake, how would you know if it is a mistake or not or how would you know what the mistake was, without actually knowing crypto trading? That means beginners needs to make those mistakes after they studied, so that they could check the mistake and remember from their education what the mistake is, otherwise it doesn't make any sense at all. I know that plenty of people will be shocked about this but the reality is simple; you learn first then you make a mistake then you learn from the mistake and then you become better at it. That's how it works. |
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Bitcoin can be useful to the youth because it can be a good investment opportunity for them specially to those who are interested in finance and technology. Bitcoin has the potential to increase it’s value in long term for potential profit. Bitcoin can give opportunity for the youth to learn more about finance, investments, economics and technology. By researching and studying crypto currencies can enhance the youths knowledge and skills that they can be useful in their future goals.
Not even just investment of their money. When you are young, you have time and effort you can put in but not a lot of money, when you are old you do not have too much effort to put in it but have money. So, the youth could work hard with the extra time they have on their hands and the hard work they can put into it, and make that money. This doesn't have to be trading or investment, most of the time it is not. This needs to be something like working for someone else, and that usually means a project, and that way they could make money. The amount of money I made in my 20's and early 30's thanks to bitcoin will not be equal to how much I will make in my 40's, I am sensing I will make more. But at the same time, I worked a lot harder than my peers and made a lot more money than anyone around me as well. |
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So you think you can just earn by mining without doing anything at all? The humanity which believes in doing nothing and getting paid for it have nothing in their hand as you can't get anything for free here.The mining you are talking about needs ASIC investment and then electricity cost and much more but still there's no guarantee you will earn rewards for it and they are working for it.So you need to understand these things before making such statements and comparing it with bitcoin which has lot to do and solve financial problems.
I really detest that type of thinking as well. It shouldn't be possible to make money without doing anything, that shouldn't even be possible if you ask me. There are some rich people who do that for sure, there are some rich people who made so much money that they just buy some stocks and retire and they live off that without an issue. But even that shouldn't be possible, people should be either spending time or money or something in order to make money. If you just sit on your chair and watch movies all day and still making money, then it means there is something wrong with that economy. I personally believe that even if it's a small work, or a small amount of money, if you profited, you should have done something for it without a doubt. |
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Look at HODL waves, you will see that many Bitcoin holders fail to hold their bitcoins too long. If you are interesting in, you can look at more detailed charts for different amount of hold bitcoins and how stats change with time. 1+ year hold wave5+ years hold waveIf it is too general, you can check five charts for 0.1+ BTC, 1+ BTC, 10+ BTC, 100+ BTC, 1000+ BTC. Those charts are freely given by Lookintobitcoin. If you can hodl more than 5 years and one month, you are surely in profit. It is based on past data from https://hodl.camp/This is something I believe in as well but too many people keep saying "that was true in the past, you wouldn't know if it will be true for the future". As in they think that it was a good idea to do that back in the day, but if you want to do it now then it will not be doing that great, it will suck and the result will not be the same. I disagree, I think it was a thing that happens to be in the nature of bitcoin and as long as you hold for 5+ years, no matter when you buy, today, tomorrow, yesterday, none of that matters if you buy and hold for that long then you will make a profit. This is why it is important to make a distinction and just focus on making profit and I believe that I will keep holding even longer than that, probably over a decade at least. |
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Unfortunately, the mismanagement of clients' funds by these exchanges made this trust shaky, and therefore clients have the right to withdraw their money immediately after the completion of trading and leave the minimum possible amount in those platforms.
People's memory is closer to fish, so during the coming years, especially when Bitcoin breaks the $60,000 barrier, the platforms will find large financial flows, but the problem remains how many platforms will hold up until that time. The winter was severe and it seems that it will continue for a little while, causing some shocks.
I do not think that Binance is one of those places and that is why they are seeing a big increase. There were a lot of FUD and bad news about it going around, and even media worked towards trying to make Binance in a bad place, but none of that worked because nothing wrong about Binance came out, and people trust it. This is why I believe that we shouldn't really work towards making that work, it should not really be working towards making Binance look bad, but work towards making it known as the most trusted one. If they could do that the nit would be a lot better. People realized this, and they are trusting and investing into it and there is no problem with it anymore, they are going back in after the FUD and making it even bigger. |
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The growth was looking real for the first couple of months after the new year started and everyone thought that the bull run has started but soon it stopped and became stable and then started correcting itself and we are still unable to get out of that.
Yes, I agree which is the reason I believe it may, I mean we can never really know about these things could we? It feels like we could make a prediction but knowing it and predicting it are different things. Since this is speculation section, we can speculate if it could be 60k, but what would we even gain from making that prediction. My actions are; buy as much as you can with your salary, so far I am doing fine, and I am starting to save again this may after all my debt is over, well not all, I still have a ton of debt, but one of them is over, so I will use that to buy bitcoin, and anytime a debt is over, I do not act as if I can spend that, I still keep using that but instead of paying my debt, since that's over, I use that to buy bitcoin. I will just keep doing that. That's my action, let that tell you whatever you think it tells you. |
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I think the current price will find it difficult to skyrocket again like in 2021, every time there is an increase there will be selling or profit taking because many people are traumatized that the market will drop again, especially now that most FUDs say that the current increase is only a temporary pump and eventually the market will drop deeper, but I think the best thing is to make bitcoin a long term investment.
I think that is not said by most people? I mean I have seen a lot of times and it looks like FUD people will say whatever FUD they end up saying, that's their situation and shouldn't be really shocked to see that. However, if we look at the reality, we see it grow as much as possible and that is a good thing and shouldn't be shocked at all. I feel like it could skyrocket like 2021 and even reach ATH, even if not right now, eventually it will get there soon, probably this year, if not next year. That is important to note because that means that we are doing as well as hoped for and there is a hype in the market. All those FUD people will just regret not buying at the lower end and should not be talking so big right now at the current moment. |
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I think everyone is on the same boat as far as bitcoin hitting that 6 digits in the future. We do failed that prediction though in 2021, when everyone thought that $100k will be the big price because some bitcoin price modelling made famous by someone.
Nevertheless, I will say that it is more doable in the next bull run than the previous. We've seen $69k as our last all time high. So the expectation is that we will surpassed in in 2024-2025 with a conservative estimates of $100k. So it's just a matter of time for us. And we should all be prepared and ready and stack sats already.
I agree, last time around the bottom was at around under 4k levels, that is what we had in march 2020 if I am not wrong, and by the time it was April 2021 we had 64k, which is a proof that we have gone so much more than people assume, it was a great bull run for a whole year. If we have a year like that then we are going to end up with much more than 100k, we failed last time because we had to come from 4k levels all the way there, but this time around we could end up with a much bigger increase over course of a period, it will make us profit like crazy. If we consider that 16k as our bottom, then we can say that it is going to be 100k+ easily, even if we have less increase than the 2021 one, it would still reach that 100k level and should be doing fine for sure. |
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...
Thoughts?
If someone asks about my prediction, I'm thinking Q2 2025, not the end of 2024, we'll have a bull run, and bitcoin hit a new ATH. Based on what has happened in the past, the bull season will come a year after the halving rather than at the same time or within a few months of the halving. While the halving is still more than a year away, in my opinion, it is very difficult to achieve a new ATH by the end of 2024. I still believe in history repeating itself until there is new history. I agree, I would say somewhere around q4 of 2025 is not unlikely neither, the only reason is that q3 is usually not a great period for increases, we haven't had any ATH during q3 mostly, it is either q2 or q4 that we have it. So, I think it will be either q2 of 2025 or if it fails to reach those levels by that time, then it could be q4 of it as well. Remember that in 2021 we didn't had 69k levels up until q4, it was in q2 where we had 64k and that was a great moment but that was just an ordinary situation, then it ended up being a lot lower, under 30k yet again, and then it went to 69k levels in q4 as well. So maybe the similar thing will happen and maybe we will not see something much different in most cases so 2024 may not be enough at all. |
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I think it's because perhaps, some bad actors use bitcoins to launder their money in casinos so they are not detected in doing money laundering. After all, when they buy bitcoins on the black market, they transfer the money to the seller and the seller either sends the bitcoins to another wallet or sends them directly to a bitcoin mixer. So perhaps, that's why bitcoin mixers are often seen as providing money laundering services when they are not.
Bitcoin mixing is like a double-edged sword that can be used for good and bad, depending on the person using it. So actually, what to chase are bad people who use bitcoin mixing for bad things but it won't be easy to trace them because they are also smart in hiding everything.
That is a common thing in regular casinos as well, that is why it is not easy to get in and just give cash and take chips. There are even casinos that do not take cash as well, just for this purpose alone and I feel like that's an important thing. I understand the need and protection about it, what if I go to a casino with a million dollars, gamble a bit, and then take it out? I could literally cause a trouble with it and then I could end up with a laundered money. By that time when I withdraw if anyone asks where I found it, I could just say I won it at a casino. This is why laundering on gambling is common and it is easy, and that is why most casinos started to ask for KYC as well, it is doing fine and should not be shocked at all. |
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