Bitcoin will just be an ordinary asset like gold and the like. but the difference is that bitcoin is more likely to experience a lot of adoption in the field of payment or payment instruments. because maybe in the future paper money is used less and less and transactions via the internet will be more widely used. so that the ease of transactions with bitcoin could be excellent in the future. but gold will only remain a savings or investment asset only. and only a few who make gold as a means of payment or a medium of exchange. because gold will remain a valuable asset in the realm of the real world. but on the internet it will not be as popular as bitcoin.
That difference is not a small one. I have been getting paid in bitcoin for years for the work I do, and in return I have been spending bitcoin on many stuff as well, not just bitcoin but other coins as well. Which means that bitcoin could be like gold when it is used as an asset, but it is also like fiat when it is used for payment made to someone as well. There is really nothing in the world that is both a great asset but also a great payment method at the same time, crypto is the only one and that is why it is valued so highly. I personally believe that we are going to do so much better with the upcoming times, all we need is waiting, and with that patience we are going to be rich. |
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I don't see that as a surprise. Are you holding onto Luna or something where you seem frustrated with this kind of news? This is good news for the community as the scammer has finally been caught, Dokwon should be punished for what he did. I have lost faith in luna since UST collapsed, I always advise people to stay away from it, don't let it fool you again.
Unfortunately there are some people who are still keeping some hope because it went down so much that their millions turned into cents, and there are of course a lot more people who invested thousands and didn't even worth a cent. Which means that if we end up with something that is this low, they could wait for it to go up. What is the point of cashing out a few cents? I mean it is not going to make you rich to get out right now, it is too late, so the only hope for them would be Luna or LUNC going back up, and they could profit from it finally, or even if not profit they would drop their losses at least. Which is why I honestly expect it to be a lot of people hoping the best for luna team. |
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It has become a hot topic of discussion and there are mixed reactions around the world but the thing is bitcoin is not a unknown term to the mass population around the globe whether in positive or negative aspects.It was started few years ago and now it has gained that much popularity like countries are making regulations to adopt like El Salvador and CAR while others are planning to make some regulations.The big companies are adopting it as payment mode or even holding them as asset on balance sheet so we can say that we have came a long way and it's discussed normally now.
I agree that it happened back in 2017 when most of the world heard about it, some did get in, some didn't, some didn't get in back in 2017 but then got in later on, but majority of the world heard about it back then. It is cool to be able to say I have been in crypto far longer than most people, but to be fair if you have nothing to show for it then mostly it is a bad thing and not a good thing. People act as if they would have bought tens of thousands of bitcoin if they knew it soon enough, and they do not do it right now, so in 5 to 10 years they would be in the same position as me. It is not easy decision to make, I may have missed out on being wealthy, but I am still happy to be involved. |
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There are only 4 eligible candidates from India, and there is a very good chance that BCCI may not nominate anyone this time (they did the same last time as well and supported Barclay for the post of chairman). BTW, Barclay has expressed some interest in getting himself re-nominated. If so, he will remain as the chairman until 2024. I don't really prefer Barclay, since he is from the businessmen cartel. I really want some of the ex-players. I don't have much expectation and don't think that they will turn things upside down. But having someone like Sangakkara as the chairman sounds exciting for me.
Surely a good and exciting change into game if we have ex player as ICC chairman and specially stated with gentleman like Kumara Sangakara is dream start as he is one of the best in his field with good knowledge and commitment about the game of cricket, but sadly it's not possible because right now system here in ICC is not working as we have in UEFA where few ex players are now joining this organization and its doing good. Right now in ICC game is just between few big players, and mostly they are having their own friendships and like & dislikes which are working so having businessman is not stoppable for anyone, but soon we will have good changes as right now Ganguly is having BCCI post which is good thing and Ramiz Raja is on PCB hopefully if here changes will happen more like these than ICC could be also in good for these changes. |
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People who's been feed by false hope avail this because they think that those people give some signals is angels sent from heaven to them and they ignore the fact that in reality if those people are really always having a good day on trading they will not waste their time to any other else like creating groups and give there signals. Newbie should know there agenda since for sure they are aftering the money paid by them and other people, if they see something like this its a big red flag already since asking for payments means that they didn't make good profits for their trades and they find another way just to earn.
Unfortunately, that type of convincing yourself can't be broken by other people. If they believe that there are good people out there who are willing to help them then they will keep on believing that they are good people, not because someone else convinced them because if it was like that then one person convincing them that it is a good idea, could be turned by another person saying it is a bad idea. But, when you convince yourself that they are good people thenthere isn't a situation where someone else could turn that idea, only the fact that they could make you lose money could make you realize it. When they do make you lose money then you would know what you are doing. |
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this is what i love about @JayJuanGee all suggestions or all responses to comments written all have good points and also make sense, and i always check the comments every time i open this forum and i always stop by to check them which i think is a must. and all that I do for lessons and learning by me even though sometimes I get a little bored reading it because it is too long but I still do it.  Nice to hear that you are reading some parts and getting some value out of it.. even if some parts might be putting you to sleep.. hahahaha I understand that I will likely need to update some of my discussion areas in this thread to the extent that some of my ways of going over matters may have pertained to contemporary BTC price movements and attempts at assigning probabilities to BTC price direction (both in terms of quantity and time). If you have any questions or comments regarding any of the areas that I have gone over (or anything else that you might consider to be related and/or relevant), then don't hesitate to post them. It is definitely helpful for the newbies for sure and even veterans could learn something from it. I do not need it because I do just one simple thing, which is buy bitcoin when you have some money to spend, and then hold it as long as you possibly could. This is literally all I do and that is why it looks like I do not need any help at all. I mean I needed help back in the day, my investment style was all around the place and it wasn't that good and this kind of topic would have been amazing for me. But nowadays it is not really needed as much and all I do is end up with a situation where I buy and hold and do nothing else which is quite frankly an easy way to get rich. |
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The age factor can sometimes fade someone's hopes to achieve their dreams. it doesn't even happen to the elderly. but it also happens to people who are married. or people who already have family. like being a parent. sometimes parents will forget their dreams that have not been achieved and will focus more on helping their children to achieve their dreams.
When you are getting older, if the chaotic stuff in your life leaves and you are left alone in a retirement world, where you just wake up and have nothing to do, then it would be quite difficult to get rid of the worry, because you would have nothing but worry in your life. I mean think about it, if I buy bitcoin now and hold it for 10 years, I will think about it here and there but meanwhile I have to work every day, still travel, go out with friends, maybe spend good or bad time with my wife  but basically do so many things that days are too short and not enough. Whereas when you are retired, you just wake up and start worrying because you have nothing to do, and that is scary and harder to do. |
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Getting rich is not luck, or is barely 5% luck. There are lots of mindset and character factors that go into play. We shouldn't downplay that, to try to make some demographic or ourselves feel better. I can say they are lucky if in fact they are the children of rich fathers. They are heirs who will become rich after getting the inheritance from their parents. While other people have to try to raise more money from various jobs, they have to go through a long process although not all of them get rich in the end. Getting rich is not an option, it is the result of hard work and a process that a person goes through. That's the terrible thing about being rich, if you are rich and do not have the rich mindset then it is only a matter of time before you become poor again. I believe that the best thing you could do would be making sure that you invest into a bigger thing and bigger thing and bigger thing to keep growing. If you stay the same while the economy is going worse then you will be the same amount of wealth whereas fiat will be less valuable and your money will be gone for sure. You should be trying to make more and more profit and have business' making you more and more money. That way even if the economy goes bad, you would have a plan B that can get you profits one way or another. |
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the crypto market is no different from other markets, it's just that it has high volatility, so speculators will prefer to invest in the crypto market considering it will be easier to get a lot of profit. when the market is bearish as it is today, don't let us regret in the future for not taking advantage of the opportunity to buy. what are we afraid of when investing in bitcoin, eth or bnb, I don't think it contains a big risk
Why not take a big risk? Isn't every big profit always balanced with the risk that everyone must understand? Because without understanding the risks and only thinking about profits, regret can happen to them when market conditions decline and have to wait to get a return through an increase in the market. Especially if you say the crypto market is no different from other markets, which means you also have to read the opportunities by understanding everything that has happened in the market unexpectedly. That's what I always say, there is a bigger risk in the crypto world but that also means that there is a bigger reward most of the time as well. Yes it could go from 68k to under 20k and that is the risk you are taking when you are facing bear market, but it could go from under 5k to over 65k as well which we had from 2020 to 2021 as well if you check from lowest to highest prices. This is why we take the risk, we are not really dealing with anything that is serious right now because it's not volatile and it's around 20k a bit lower or higher but it's around there, but when the volatility hits it's going to be 100k and that's when people will realize why we are taking such a big risk. |
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I believe op have mentioned about the coins that have got the term bitcoin along. Everything is based on some form of backing, when it comes to altcoins with the term bitcoin. It is a way to get the attention of people who are new to cryptocurrency. They just fall for it considering the low price, and later understand the reality.
He should have corrected what he wrote in the thread he made so that everyone would not misunderstand the statement he made, because the context of the writing and its meaning are very different. In my opinion, if something like this is only to attract newbies, on the contrary, it will make all newbies who are new to cryptocurrencies very confused between coins and Bitcoin. So basically this thing needs to be fixed to convince them. I really do not understand how people fall for it though? I mean bitcoin is bitcoin and it is at the top of the list of every place which means that it is just bitcoin and I do not think that it would matter that much. On the other hand, we are talking about stuff like bitcoin cash or bitcoin gold or whatever it is named and they are not going to be that much of a big thing on volume and not going to be listed everywhere. If people fall for it and buy it because it is cheap and they think they are buying the real bitcoin for such a cheap amount so they can sell it somewhere else then they are doing the wrong deal, I personally wouldn't want that to happen, which is why I believe that it is a mistake of their own and they should fix it, we have no obligation at all. |
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A few days ago the price of Bitcoin rose to a little over $20,000 to $25000 but it did not sustain and from there the market reduce again. So there is no opportunity to call the market bullish. The future of cryptocurrency is good but the market needs a long time to recover from this situation. Nothing can predict except long term thought.
I would guess that these type of drops and recoveries will happen for a little while longer. Before every bull the market tests how hard it would be to go over that first bump, because that is the hardest part of it. We have been here for a very long time, which means that going from 20k to 30k is much much harder than going from 30k to 40k because there wouldn't be any big moving walls there, not as big as the current ones at least. This is why I imagine that we keep testing it to see the power of it, the standing walls are known already but it moves and gets added and so forth and we see that with these tests and calculate. When the time comes, we will break over it easily because we will know how to. |
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litecoin price does not increase much in short time but it never moves from its top position its market cap is always very high so I don't think anyone should worry about litecoin. Litecoin can be a safe investment even though it may not be able to give much profit in short period of time but it will not expose anyone to excessive losses in short period of time like other coins.
That type of understanding the crypto world and litecoins value in it is the reason why some people earn money maybe a little less at times but keep on earning whereas others may end up earning more for a short period of time but end up losing it. Like for example let's compare SOL vs LTC, it is true that SOL has done a lot better for the early investors, if you take it from early days of SOL and compare them then it made people a lot more profit, but I bet that in 10 years we won't even remember SOL let alone being in the top 20, whereas I believe that Litecoin would still be around by then. This is why I invested into tested and known veteran projects over newer ones. |
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In fact, if we buy land and build our own house, without using their system, the money we need is about $16,781.90 How do you plan to build a house? On your own or hiring other people to help you? A part of the price difference between 37K USD and 16K USD is the price of the labor, which has to be used for building a house. When you build your house on your own you don't include the value of your labor in the final cost. Many people simply don't have the skills and time to build their own houses. Working 8 hours a day and working on building your house after getting back from work seems like hell. It's easier to get a mortgage and pay monthly installments, while living in that house and working in your regular nine-to-five job. Most people would prefer the easier but more expensive solution. House is just one example but in that case, you could literally build an entire house all by yourself if you have the money for it. Think about how much you would save from paying others, and think about how much you would lose from working yourself for someone else and then compare the two, if hiring others is cheaper than you do that. The idea is that if we all built our own houses then it would be cheaper, if we all worked together to build houses for each other than it would be cheaper, but when banks start buying the houses all around you then your house worths a lot but then all their houses worth a lot, so they are turning shelter into something people can't afford, and that is not acceptable and needs government intervention. |
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It is sad that so many people around the world, especially ones in poor countries will never be able to buy 1 Bitcoin in their whole life. Its still expensive for at least half of the world. My personal focus is to get as much as Bitcoin I can. Cause I am sure Bitcoin will hit 100k dollars for once. At that point if I could get 2 Bitcoins it will change my whole life. Our country is rather poor country so Bitcoin saves my life.
That includes me, and the sadder thing is that I had over one bitcoin in my wallet back in the day when bitcoin didn't worth this much but at the same time we are talking about money that I would never have, if I had some bitcoins right now that would have been bringing me returns as high as my entire salary and yet I didn't hold it which is why it is not a good situation to be in. By the end of the year, I am hoping to have 0.1 again, been grinding and working for years to get there, and that is just 10% of 1 bitcoin. It's fine though, because richer people could end up working to get as many as people, but then we could end up with a good return on my smaller bitcoin amount too. |
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According to the predictions, the CPI is likely to decrease from last month and if so then we won't have to worry about this drop but we still have 2 big obstacles ahead. That's Mt.Gox's bitcoin release on the 16th and the Fed's rate hike later this September, hope that CPI falls and so the Fed will not have to continue raising rates aggressively but instead expect rates to fall.
It is possible that bitcoin will not be able to hit the low this month but from here to the end of the year it is difficult to say. The world situation is still very unstable, the risk of recession in December when Europe officially bans the import of Russian oil, will make the supply continue to be scarce, most likely leading to another round of chaos for the world.
It is clear that whenever we drop, we find a way to recover and that would be pretty similar if we have any other drops in the future. Because, we do not want to see bitcoin low and whenever it drops people see that as an opportunity and they buy more which makes it go back up. Look at how quickly we recovered, just a few days at under 20k and then we are above it again. I am guessing eventually people will be tired of selling and when those sellers are tired we are going to take over and we are going to end up with a recovery for sure. It is not going to be easy, but it could be done and we are going to end up with a good return when that happens, we just need to wait out the sellers. |
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interesting topic,, in 2021 bitcoin experienced a very high price, and now the price has gone down. and that in my opinion is the impact of the sluggish world economy that makes people finally sell their bitcoins, or it can be called, many people take advantage of their investments because the market is bull. and finally the price of bitcoin fell because many were selling. and finally there is a bear market. now the existence of a bear market means opening up good opportunities for those of us who are interested in investing in bitcoin. and will hold it until one day there is a maximum profit.
World economy is tied to bitcoin because both of them are tied to us. If the price of bitcoin goes up then that means we have money to buy it, if the price doesn't go up then it means we are selling since our money situation is bad. This also goes well with stocks or gold or oil or whatever as well. When we have no money to buy something and we need to cash something out, then we do it and the price goes down and same would apply to all markets. This is why I believe that crypto is not so different from other markets. What its different for that it is decentralized, can't be regulated in a way to change the blockchain codes, and it is in a way free to roam however you want with your investments without SEC worrying you. |
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I know that some economists who have studied disasters may not be just flooding, but other earthly effects that destroy parts of the planet have an impact on the economy that you might not have thought about.
If you think about it, governments always have emergency funds whenever that occurs, so when that time comes, they probably overestimate the losses. The difference between the actual would probably go to their pockets. This is for the corrupted government, so that would depend on where you are, but I think that's one way that you could say that it affects the economy since we are talking about lots of money when the nation is involved.
I think floods are less expensive than other natural disasters like hurricanes or earthquakes. Depends on intensity as well, probably.
The basic idea is that you would have to end up with a situation where you are spending money on something you did not calculated into your finances. Nations and governments have their own finances and that means we are going to end up with a bit of a trouble if we don't have the money for it. Floods or earthquakes or most other things are hard to calculate, usually can't be calculated so they come out of nowhere and even if there is a fund left for emergencies, you do not know how much it will cost, not the life cost calculated as well because people die on these stuff as well. Hence, it is really impacting the economy a lot worse than people expect, because it is such an unexpected thing. |
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There's no doubt that the bear market is not harmful for bitcoin or the whole crypto industry, in fact it makes cryptocurrencies stronger in the long run. This has been proven, when the bear market comes, weak projects will be eliminated, only projects that really create real value can survive, helping the market become cleaner. The bear market is also a place to help purge weak investors from the market, who just want to get rich quickly and then disappear. They need to know that cryptocurrency is like all other markets, in order to make money, to be successful, they also need to put in their time and give their best to get the rewards. There is no such thing as a free lunch here.
That is right, it gets rid of the people who do not know how the system works and they end up with losing their coins which will in return end up with a bit of a problem for them but something better for us. Think about it this way, if people who would sell from the first bad news ended up leaving, then who would be left to sell when we are going even stronger? I bet that the price of bitcoin will go towards 60k+ levels again and break ATH price and keep going, to somewhere beyond 100k. If I believe that, then isn't it better to get rid of people who would sell when we reach those prices? Of course it is better because it makes going higher easier without them. This is why these bear markets are great times to accumulate more bitcoin. |
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looks like most of the people in this thread don't really understand what you mean (myself included), maybe you can explain in more detail. if you buy bitcoins you can sell them at any time because you have full rights to the bitcoins you buy and no one else can prevent you from selling, unless you lose access to the wallet. Is this what you mean by worthless investment?  No, what he means is that sometimes you invest at pre-sale or early days of a project and then in return you are given an NFT or a token and you buy a certain sum of those. It could turn out to be a rug pull or a scam as we call it, and they would leave the project after selling you the tokens and then the price of the thing you bought could drop even harder. That is what they are trying to prevent, if they could prevent it then they could end up with a good return, and how could we prevent these rug pulls? That's the question. I consciously prevent myself from losing money on these scams by investing into already established great projects like ethereum, can't be rug pulled if there is no rug to pull. |
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Recently in LUNA coin some blue whale buy big amount by which it is pumping massively. In the last 30 days luna increased 321% percent and 7 days graphs have been seen about 57%, but still it is about approximately 100% percent less than the maximum price. But I think that if the whales increase the sales pressure, it will be forced to go to the previous position again.
That whale could take it to x10 higher and I would still not trust it at all. That's not even Luna classic, that is luna and whale ended up doing something wrong for themselves since it means they have a lot of Luna and if they tried to sell it then they would probably make a loss considering how much they would drop the price. There needs to be some trust in the market that the project will recover and if the price is not showing that then it is not going to recover. Focus on other things, why are there so many people who are still reconsidering to invest into Luna or Luna Classic? When we have thousands of options, even like a dozen good ones, why would you feel like you are stuck and could only invest into this? Forget about it and move onto other coins already. |
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