Of course I still hold it. even I still continue to buy it regularly. because for me investing in Bitcoin is not only until the halving period next year but I seem to be planning to hold on much longer, namely up to more than 5 years from now. maybe 10 years is what I would plan for. but my plans may change according to what will happen to this industry in the future or some other factors. but what is clear is that I am paying in installments little by little so that it doesn't interfere with my financial flow.
I think that's a good idea, and apparently you are very experienced in investing in BTC, indeed if we hold BTC for a long time it has the potential to make big profits, but of course it's not free from risk, because the BTC price could drop in the future. yes, I also still like to buy btc if there is idle money. No investment is without risk. Any platform for investing is risky. But when analyzing the level of risk, I think the risk in Bitcoin is very low compared to other currencies. Where by investing you can get back your money profitably after a long period of time but that is not possible in any other currency. I bought some altcoins in 2021, some of them have no existence in the market and some of have no trading volume. But the bottom line is that no other currency can compare with Bitcoin. Bitcoin is different in every way. Bitcoin is unique as the only decentralized asset in the cryptocurrency world. As inflation have hit hard around the world, it is good to hold in terms of bitcoin than holding in the form of traditional fiat. With every investment there is risk and it is upto the user how he had understood the market and makes decisions. Bitcoin have got its own identity as it grow of its own without much of dependence. In recent years the market have come closer with the traditional market. Are you sure it's better to hold bitcoins than fiat in times of inflation? I doubt about that. I think that's not really true, if you hold USD or some developed country currency instead of bitcoin, you will avoid a significant loss. Because in the inflation cycle in 2022, bitcoin was dumped from 69,000 USD to 15 thousand USD while the currencies of other countries only decreased from 1 to 2%, even the USD rose to record highs during the inflationary period. I mean here, in the long run, I will agree with you that bitcoin is more suitable to hold than fiat money for us to hedge against inflation, but in the short term, I really doubt bitcoin's ability. |
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When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.
Do you have a specific plan or goal when investing in bitcoin? I mean, at what price did you buy it, and at what price do you plan to sell it? You need to have a specific target instead of expecting to sell at an all-time high. Many say you missed out by not selling bitcoin when it was $69k, but I bet no one here sells for that price. Because everyone wanted to sell at a higher price but in the end it didn't happen. As long as you sell to your goals and are happy with the profits you have, there's nothing wrong with selling now. |
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I personally judged it from the war between the two countries, Russia. Even though it was battered by many European sanctions, Russia was still able to reduce the inflation rate for 7 months in a row. This means that Russia also benefits. Then America is the most profitable from the sale of weapons and energy sources to Europe. The biggest loser is Ukraine. Really have to cry, drenched in blood and crying blood.
Russia is bad because it has been fighting Ukraine, but the US and its Alliance are in fact much worse because in all aspects they are very selfish.
Putin's Russia wanted to capture Ukraine with its huge human, economic and industrial resources in a few days and then, using them, direct its aggression against the Baltic countries and Europe. Of no small importance was the Kremlin's desire to appropriate the history of Ukraine's development as Russia's own history. After all, the history of the formation of Ukraine dates back to the 9th century, when Kievan Rus, one of the most powerful states in Europe, was born and grew stronger. And the history of present-day Russia is only a few centuries old and there is nothing special to brag about. But Russia will definitely be a big loser after the end of its attack on Ukraine, if, of course, it survives as a single state at all. Ukraine has no other choice but to defend itself against the military aggression of its neighbor. But after the war, Ukraine will still receive financial and material assistance from the United States and European countries. In addition, the world powers are able to force the defeated Russia to pay reparations for the damage suffered by Ukraine from the war. This can completely renew Ukraine and make it even better than it was before this war. Another big fat chunk of propaganda! I hope you're at least being paid.  What makes you think Russia wants to capture or annex Ukraine? Was it mentioned somewhere? Did Putin say this? If not, what are your sources then? SOMA (Straight Outta My Ass)? Why do you think Russia wants to confront NATO by attacking the Baltic states and Europe? Did Russia claim that? Your statement about Russia losing the war is just laughable. Just to remind you, nuclear superpowers can't lose in a military conflict.  I think if Ukraine had not stubbornly joined Nato, there would have been no conflict, but many people still insist that Russia is trying to occupy and annex Ukraine. War has never been beneficial to any country as it will stifle their economic development. Only countries that specialize in exporting weapons and making money from the sale of military weapons want war, but they will never directly go to war. I agree, the possibility that a leading nuclear power in the world loses in a small war like this is very unlikely, sounds like a myth. |
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...snip...but I also believe it's doing relatively well, because I know stuff like this takes time but we should also not delude ourselves into thinking Bitcoin will be accepted globally anytime soon. We just have to keep playing whatever small part we're playing however insignificant it might seem.
In addition to many people's illusion that bitcoin will soon be accepted globally. Many people are still delusional and spreading false information about bitcoin like it is a tool to help alleviate poverty, reduce unemployment or will help the world economy prosper...too much exaggerated news is unnecessarily being spread. I think this also contributes to the fact that many people understand bitcoin well but still hate it because they are realists and like the truth. We spread misinformation like we are turning bitcoin into a Ponzi scheme that makes many people dislike bitcoin, dislike bitcoin community. |
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What will you do if something like this is happening around you? Why would a drug dealer want to learn Bitcoin if not for a safer haven for running the business?
Ah, this is quite difficult. Actually, just being a drug dealer is already a crime. And maybe he is already on the radar of the security forces. However, have you really confirmed that he is a dealer? Even if it's true, maybe you can explain about Bitcoin but only as needed. Giving new knowledge to someone is actually not wrong, but it really depends on how that person will use this knowledge for what. This will be a complete dilemma. Because if you refuse, will it be safe for you? It's not really a big deal, we will always have a lot of ways to turn someone down. You can make excuses that you don't have time, aren't good at teaching others…and tell him that knowledge can be easily found on the internet. I don't think it's dangerous for us to refuse bitcoin education to our neighbors. They may be dealing with drugs out there, but when they're our neighbors, they treat us well, there's nothing to worry about. I think OP and he also have a good relationship otherwise why would he come to OP for help? |
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I am from a country where crypto currencies are strongly legalized. I know about the hardware wallet security it's best for the long-term bitcoin holder. Now is there anyway to import a hardware wallet to any country where crypto currencies are illegal ?
And one more things I wanna know that how can I chose a best budget friendly hardware wallet?
If I were you, I'd avoid using/buying hardware wallet. Just use Electrum or any other solid reputable wallet that should be enough. If you're particularly security conscious, set up an air-gapped device. That's not complicated to do, you should be able to find some instructions here on Bitcointalk. He is from Bangladesh, a country still with a strict ban on bitcoin and cryptocurrencies, so it would be unwise for the OP to still find a way to buy hardware wallets. Instead, we also have secure solutions like hardware wallets as you mentioned. Yes, an air-gapped device is becoming more popular than a hardware wallet after the controversy caused by Ledger. To be honest, I am still using Trezor hardware wallet but I am also planning to switch to air-gapped device because all hardware wallets are produced by centralized companies and controlled by the government, so it is difficult to predict what they will do. |
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You have brought great news to the community but I don't think this news will have a positive impact on the bitcoin price or the market. But as many have said, through this news, it can be seen that bitcoin acceptance is becoming more and more widespread, and soon the whole world will accept bitcoin. This news will have a positive long-term impact on bitcoin. I don't know if other countries will do the same as European countries, but if this news comes from the US or China, we will have a much better outcome.
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Yes you told absolutely correct. Many people are not holding their fund. Some people holding but most of the people withdraw his fund. And sone people buying another altcoin i think. Some people holding bitcoin for future benefit i strongly believe it. After covid now maximum people are in economic crisis. So they Couldn't holding i think.
I couldn’t hold my bitcoin which i received from signiture because i am survive with it. My family depend on my earning. So i couldn’t holding right now.
In my opinion, there is no need to be too rigid about holding bitcoins or not. I mean, depending on one's economic situation, if we need to use it for daily life, we have no reason to hold it. After all, bitcoin is just money to serve our needs as long as it benefits us, then there is nothing wrong. I'm also using my earned bitcoins and I'm happy with that although many will say that holding bitcoins for a long time is more profitable. But how can I hold bitcoin while my family is still struggling for daily needs? |
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If that happens, bitcoin investors like us will love it, but for people who don't invest in bitcoin and they like stability, I don't think they will. Moreover, to do that, bitcoin needs to be legalized and regulated by the government because how can the government manage and collect taxes if companies pay salaries in bitcoin? So, I don't think that's possible. Not to mention its volatility, do you want your salary to depreciate 10% or 20% after a day? I bet a lot of people don't like it.
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I am Seeing Bitcoin Market is Not good Its Correction every Time
It can Hit $25000 ?
No one can answer this question for you, and this is the question we all want to know. In investing, what we can do is always have a plan for both scenarios, don't rush or be too subjective with our predictions. If you ask me about my prediction, I also think bitcoin will correct again, not continue to rise as many people are expecting. I also only deposit USDT to buy if bitcoin drops again, but if it doesn't drop, I will continue to hold what I bought until the bull season comes. |
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Personally , I think we won't hold the 29k mark by the end of the summer and a flash drop towards 27k might happened. The summer cycle have always been tricky with BTC price and I never remember a summer with Bitcoin going up during a bear market but those who will hold , they'll do the best choice as it's too risky to actually predict how low can BTC go from here as 30k seems a bit hard to achieve right now.
Many people are expecting bitcoin to cross $31k and hit $33k or $35k, and I've prepared more USDT. I like to go against the crowd and I think like you, bitcoin will probably correct towards the 26k-27k level instead of continuing to rise as many are expecting. Bitcoin has barely had any significant movement over the past week, and I expect it to correct with the next Fed rate hike soon. |
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I believe that a bull run will occur soon, according to the predictions of many experts that the bull run will occur at the end of the year and the beginning of the year because there will be a halving day in 2024, now is a good opportunity to continue buying so that we can earn big profits, and that the most important thing is to always be patient and not panic when a correction occurs.
For the bull run we will see as soon as possible the process of the four-year cycle that will take place in the future, as predicted by several experts according to the previous ATH. So the steps to achieve a bull run we must try to accumulate buying bitcoins to make a profit. It's up to what pattern each individual can follow because I'm sure everyone has their own strategy to reach the desired accumulation stage. The most important thing is not to panic when the market finds another correction process because as we have seen, the halving is getting closer. The target when to sell depends on how you apply the investment strategy and if the concept is long term, waiting for ATH is the right decision to sell the bitcoins that we have. Buying bitcoins is always the right choice, but every bitcoin growth cycle gets smaller and smaller. So I think that altcoins have more profit potential, but the risk is also much higher. If the next cycle starts next year, now is a good time to invest. The main thing is not to pay attention to price fluctuations and not to panic. Why not? Investing in altcoins has always yielded higher returns than bitcoin, but it's confusing how many consider it trash and not worth the investment. Many people are being too stubborn to think that only bitcoin is worth investing in and the rest of the market is trash. And they always evade the fact that today the profits from altcoins are outpacing bitcoin. Bitcoin can no longer provide thousands of percent returns but altcoins can. But high returns always come with high risk, so as long as we are willing to take the risk, altcoins should not be ignored during the upcoming bull season. |
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I recommend buying as soon as you have the money, waiting for the price to drop is pointless because no one knows what the future holds. Many people also missed the bottom of bitcoin when it dropped to $15k last year and they waited for another drop, but in the end they missed the bottom and had to buy at a higher price. Why don't you buy now and use DCAing? The longer you procrastinate, the further away the opportunity is.
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As I head of family with a kid, I would consider moving abroad when I wont be able to earn and feed my family, to a country where I would be able to provide my family all necessary. I think this is all a matter of money. I am not a person that is a fan of surviving, I prefer to give myself and family comfort. Maybe also a war is the reason I would move abroad, but in all other ways, I think I wont move.
I also have a family and I will only settle abroad if my family has the opportunity to come along. Otherwise, I will never leave my wife and children alone to work abroad. I would rather be poor than be away from my family even though it also hurts my children. But leaving them behind and going away for a long time will also be a greater loss for them. It can be said that if anyone is in that situation, it is difficult to make a final decision. Migrating to work abroad for a married person is not easy. |
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The euro will support Europe's economic, business, and financial freedom. They will no longer have to depend on the US dollar.
How will the Euro support the European economy when it is the prosperity of the economy that determines the value of their currency? If their economy collapses due to inflation, their currency will weaken a lot, and that is what is happening with the EU. How will the euro help them get rid of their dependence on the US? I really don't know what you are talking about because currency is a representation of the economic strength of a country, a bloc. |
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None of these two is better but if you are already rich you won't even seek the advice, you can always sell whatever you want to get more money, the rich knows their game right?
The poor spend almost their money and leave too little for investment, and on the long run they might not even end up investing that little amount.
The rich invest almost all their money and spend the little that's left to survive and they maintain their status, I guess this whole thing is about been smart and able to use your money right.
Loans also is better for the rich more than the poor but I know quit few people that did every good things in life using loan money, very risky but they made it.
You got to understand the real you before you can choose one out of these two.
There is no denying that the rich mostly have investments, and their wealth is largely made up of investments. But they are not stupid enough to invest all their money, they also have contingency, emergency, savings. As for the poor, not everyone spends money indiscriminately, in some cases, they cannot save because life is too difficult. Most of the poor know that investing is the way to get rich, but one of them can't afford it, not because they don't want to invest. |
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Let's say we are talking about 7-10 year old children who in fact they only think rationally based on their daily activities, is it possible that they know well about "corruption, currency reserves, mathematical codes, etc.", that they can't even distinguish between life when facing a global crisis and a stable economy.
I took a quick look at the cartoon video that OP brought up in this thread, then I measured the average cognitive knowledge of the children in my environment, and it really was too complex for them to understand. I probably wouldn't go this route, or have no plans at all to teach them before their teens.
Children's cartoons are films that are entertaining, humorous or depict actions that children usually do every day that make them excited. As for the bitcoin cartoons, they are really too complicated and not to the taste that the kids are in need of. Although the film is animated, I still see it as a documentary, not entertainment. Furthermore, not all cartoons are made for children. Many people are misinterpreting this point. |
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Everyone who invests in bitcoin is greedy because they want to get rich quickly with small capital, including me. We don't have too much money to invest in real estate or gold...This is a fact that very few people dare to admit, and they always say that they prefer bitcoin to any other asset class by their own reasons.
No, it's not everybody who invests in Bitcoin does it out of greed since they didn't invest the amount they can't afford to lose. There's a difference between seizing the opportunity crypto presented instead of going against it as some naive people do. As a human, everyone has greed and when investing, no one wants to lose money. Many people say they are investing with money they could lose, including you and me. But are you afraid of losing that investment? Definitely yes and you always want to get more out of it. Bitcoin is riskier than many other investments but because its return is very high and all want to risk to get big return to become rich. Isn't that greed? |
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For someone with a persistent memory or who lives somewhere that is not private and secure for him, this is an ideal way to save seed phrases. For those people, in my opinion, this way of isolating seed phrases can be cool.
This type of procedure should not be attempted by someone with a weak memory because they risk forgetting their seed phrase.
Even though I have a retentive memory and can recall things, I can't seem to keep two words apart, even though this method appears cool.
Many people criticize this method but I also find that it is also a good way to store seed phrases. Maybe when we apply this method, it will be complicated and contain some risks, but it is probably the safe way for him. We cannot criticize it because it does not suit us. Keeping secrets in different places will cause many difficulties for us but at the same time will increase the security of our secrets. Everyone has their own method and no one will be the same. |
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I am glad to see a farmer turning into a Bitcoin investor but I believe you need to learn some fundamental aspects of BTC and the beauty of its technology which I believe is what you need to fall in love with not the chance of earning money through BTC. The beauty of Bitcoin is really extraordinary but it will not feed any hungry mouth. Besides, I do not think people who invest in Bitcoin don't think about profit. They are invested for the sole reason of profit. I believe it is too naive to think people invest in Bitcoin because of its beautiful technology. If they are into Bitcoin because of its beautiful technology, investors should be users then and not holders waiting for the price to increase to take profit. Having said that, the best profit in BTC is made if hold for the long-term, not the type of investment you accumulate when dip and sell everything when it's ATH price.
Well, we can take advantage of the fluctuation in order to accumulate more and I believe it would be a waste if we don't take advantage of it. But what you say is hard to hear, but it is the truth, and the truth is always harsh. People who always think they invest in bitcoin because of technology, they support the bitcoin revolution because of its superiority...These are all blatant lies because I believe that if bitcoin is not profitable, it is a digital, decentralized currency...There won't be too many people using it. Everyone who invests in bitcoin is greedy because they want to get rich quickly with small capital, including me. We don't have too much money to invest in real estate or gold...This is a fact that very few people dare to admit, and they always say that they prefer bitcoin to any other asset class by their own reasons. |
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