If SHIB even exists in 2050 then it could be worth $5 for sure. The question you need to ask yourself though is that with current inflation & global financial situation is what will $5 be worth in nearly 30 years.
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Obviously, that’s just my opinion but I think BTC is a fairly safe bet of getting back to at least 60k by 2023.
Definitely by the end of 2024 (halving year). I’m not sure about 2023 being a bullish year though, I think it’ll be downwards trending for the next 12-18 months, then slow sideways grind with a slight incline as we head towards the halving. Moon 2024 & 2025 (based on previous cycles).
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There will be a bitcoin spot etf approval this decade but that’s all I can confidently commit to. The SEC seem determined to keep rejecting every application so why is this one any different. I think possibly big banks & or government are filling their bags & or suppressing the price with every ounce of their being. The economy is screwed at the moment, the last thing the government wants is the little people controlling their own money & flowing out of the failing USD.
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Bitcoin will fight inflation to an extent. If you buy bitcoin now & check the price in 20 years your likely profit will be far bigger than the inflation that will take place over that time. Because of COVID & the war in Ukraine the world economy is on its ass, inflation is around 10% but that won’t continue. Once everything settles annual inflation will revert to normal like 4% per annum, maybe 3%.
Money in bitcoin long term will beat inflation.
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I invested in ethereum when it was $700 in 2020 and in 2021 when it was $4000 I sold it. I just bought again now that the value has reduced. I still trust that it will increase rapidly soon.
Sounds like you know how to play the game dude. Too many people do the total opposite & sell on the way down, buy on the way up. ETH is definitely still a good investment & now is a good time to buy again. You might even get a chance to buy under $1,000 before the next bull run starts.
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There are multiple huge mining farms so no, they are most likely not acting in unison as ‘the biggest whale’. If they were all dumping coins at the same time in agreement to affect the price you could say it but no. Mining farms have to make money to stay solvent so they are just doing what they have to do to survive.
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Before I took life changing money out it used to dictate my life. Now I don’t really care, I buy cheap coin when it goes down & I cheer when we’re in a bull run. I do not miss the days when a 25% dip made me worry about my future. Don’t get me wrong, i have more than enough bitcoin but I will never worry about a crash affecting my future again.
Now is time to buy, everybody else's pain is your opportunity.
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Binance Kraken Coinbase Pro
They’re the three most reputable ones in Western countries. They all have a long history of being trusted. Obviously don’t leave any substantial amount of crypto on an exchange for any long period of time though, that’s just asking for trouble. Make sure you self custody.
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We’re in a bear market so this is to be expected. The price is going to be bearish for a couple of years now. Miners can’t continue to operate at a loss for long so they have to sell at certain points. Don’t worry about it, we’ll be back in a new bull market 2 years from now.
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I think possibly the easiest way to do this is laminated paper wallets. Generate them offline on bitaddress.org. Make sure the computer you use to do it is clean. Keep them in a safe or something until the kid is of age & then hand them over, no problems.
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I’m not too interested in these stablecoins & I don’t trust them. We saw what happened when UST lost its peg, the whole crypto market came crashing down so Circle announcing a Euro Coin doesn’t fill me with any great hope or bullishness.
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I’ve made a lot of money in bitcoin, I probably made close to 100 x my total investment, from the early days to what I sold in 2021. That might not be possible again from now in our lifetime with bitcoin. I’ll be interested in seeing recommendations of low supply cap shitcoins that could do well ahead of the next bull run though. I am listening
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Newbies have to earn their stripes & that only really comes after they experience their first full bear market. We’ve all been through it & it sucks, especially when you have a large % of your net worth in bitcoin. What doesn’t kill you makes you stronger though. They will all be better prepared next time if they have the balls to HODL through the next 18 months - 2 years.
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I’m not scared at all. I’ve been buying all the way down from 35k to where we are now. This is how the smart people make money, buy on the way down & sell some in a bull market.
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Now is the time to HODL & even buy if you can. This is the perfect time to add to your stash. The dumb money is selling now, the smart money is buying. Which do you want to be like?
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Always a chance to make lots of money in cheap alts but more likely you lose than win. Put the majority of your wealth in the more well established coins. Obviously not likely to do a 100,000 x price move but definitely more guarantee of profits without being rugged.
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Only bet with amounts that you can afford to lose. Don’t gamble with money that you need for food, fuel, bills etc. Bet for fun, do not use it as an attempt to make an income because you might be unlucky. It depends what time of gambling you like. If you like casino, slots etc try the following site: Casino/Slots - www.bitcasino.io
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I don’t think this is the bottom, we are only mid way through 2022. The halving is still 2 years away. If we are to follow the path from previous cycles there is still a capitulation event to come, we haven’t seen it yet.
Just prepare & be ready to buy under $25,000.
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