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To me, bitcoin and cryptocurrencies are still just a money game and not a market based purely on supply and demand. Therefore, the forces manipulating the market will always know how to refresh the market, creating new tricks to attract more participants. If bitcoin doesn't hit ATH again, that will make the market boring and people will give up on it. I don't think that will happen, market makers will find ways to keep investors.
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I am from a very poor country and so between investing in bitcoin and luxury watches, I would chooses bitcoin. Even having to choose between bitcoin and stocks or real estate, I would choose bitcoin. Bitcoin to me is the leveler. It is non discriminatory. Totally anyone can get in and acquire wealth slowly and gradually. The entry is cheap. I can't do that with luxury watches. I have to be a millionaire to even fathom about getting a luxury watch and worse still I have no patience to be on a wait list when I could invest the money in bitcoin and make twice as much in a short period of time. I have no problem with people investing in luxury watches some people have the money and they love it go fine with them as for me, it is bitcoin.
The luxury watch business is also a good investment, but you are right, most of us here are people who do not have too much money, so even if they want to start a watch business, there is no chance. To be honest, I would also choose bitcoin because, with its volatility, I expect to have a chance to make more money, and that's why I don't pick stocks or any investments. Not just me, I believe most people here would choose bitcoin for that reason. |
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Cash is valueless if there is no product to purchase, cash is nonsense if we can't use it to acquire things made from gold, silver and oil. Cash can not eat cash. So if cash can't acquire the necessary needs of human then the king name of cash worthless. Therefore, cash has to give respect to the things of high value like Gold, Silver, Bitcoin and consumable products. I will also agree that money is everything but to have happy mind is the greatest of them all. You can have a lot of money but no peace in you life.
You are saying the opposite of everything, if you don't have money, you can't buy anything in this world. You go to work, do you get paid in money or goods or gold? You will have a lot of trouble buying goods with gold or bitcoin, but with cash it is extremely easy. No matter how much we hate money because of its devaluation due to inflation, there is no denying that cash is still king of the moment. Money is still the measure of all wealth in this world. |
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So and the other spare money would go straight to Bitcoin for me to hodl them for a long time til it reaches it's peak value.
I have both. I think with both of them will have a good period with some altcoins that are able to survive. At least some good Altcoin periods always follow the direction of BTC movement. So I have a few altcoins that I think are pretty good to hold. But I also trade to continue accumulating BTC, because I believe BTC will have tremendous value as more and more believe in Bitcoin. In addition, with a limited number of hopes, it supports the law of demand and supply. Well having both is good enough. As long as we can get into altcoins that actually have pretty good potential. Analyzing Altcoins is also sometimes not too difficult. Fundamental analysis is needed if we want to hold a number of altcoins in the medium term. That is until the increase target is reached. Ethereum is one of the altcoins that I also currently hold. Because Fundamentally Ethereum is the strongest in terms of Fundamentals. But for the long term I also stick to Bitcoin. Sometimes accumulating it consistently brings its own pleasure to me. especially when the target amount of accumulation is almost reached. Why not hold both for better profit optimization? While altcoins will be riskier than bitcoin, there's no denying that they can offer better returns than bitcoin. I also hold both instead of just focusing on bitcoin, I don't want to be a stubborn person who only believes in bitcoin and ignores thousands of other good opportunities with altcoins. Many bitcoin investors think that ETH is garbage, but so far, if anyone invests in it from the first days, the return it brings is not inferior to bitcoin. |
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In a recent twitter, Robert Kiyosaki claims that the USD is about to be ruined, and that in 2024 bitcoin will be worth $120k.
What do you think of this type of predictions? Do you feel the market moving in that direction?
We can also predict the bitcoin price in 2024 because that is the halving time, and a bitcoin price increase is the expectation of all of us. I think we don't need to hear anyone's prediction because that's what almost everyone can see. But I doubt his prediction on USD, I don't think something strong enough to pull USD down and cause US economy to crash in such a short time. I don't like the USD to rule the world for too long, but making unrealistic predictions is unacceptable. |
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Well this is one of a wrong way to introduce someone about Bitcoin, when your friend is really surprised you've change your life with Bitcoin, he will think Bitcoin will change his life too. But not everyone is a diamond hand, maybe he will invest with all of his money when Bitcoin price is $30K. Let's imagine if Bitcoin price slowly declining to $25K, he will ask why Bitcoin price is declining. When Bitcoin price is keep declining to $20K and he have hold for 6 months, he might say you've scammed him.
You need to be ready, your friend would be active to communicate with you in terms about Bitcoin price.
Investing in bitcoin will not guarantee anyone will get a return and change their life. But if you don't try, you will never have a chance to change your life. I don't see anything wrong with OP trying to share the opportunity with friends because OP has experienced and has good results, so there is no reason for us to hesitate to share with our loved ones. But you are also right just because we are successful doesn't mean they are too. So as long as we tell them everything from return to risk when investing, let them decide for themselves. |
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Which is better to invest in copy trading or bot
And is there any other alternatives
I have 4k btc to invest
Are you a new person here? As some advice here, why don't you hold your bitcoin and enjoy profit without any risk? Trading is very risky, especially for newbies, I am not saying that trading cannot be profitable, but it is not as easy as holding. If you are passionate, you should start with yourself, not find a way to depend on others. If just using bots or copying other people's signals can make money, there won't be too many people losing. |
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One thing is for sure. Halving is near.
About the economy heading to recession is another thing I guess. If you have watched some Economics discussions, some of the experts are saying that this recession is a planned recession since Covid. If so then all these layoffs, bankruptcies, and company shutting down is part of the plan.
I'm not an expert on economics but when Blackrock applied for BTC spot ETF, many of its counterparts are also applying for BTC ETF which it is speculated that BTC will also pump up.
Exactly. Halving is fast approaching and bitcoin will definitely be in its best shape regardless of the down economy we have at the present. And take note that bitcoin will never be affected by the factors affecting fiat and the government’s economy. Though at some point, it makes the price of bitcoin to suddenly decline but rest assured that it will only be temporary and it will always surge high when the time is right. Are you sure bitcoin won't be affected by fiat or economy factors? So why was bitcoin severely dumped when inflation peaked, and the war between Russia and Ukraine caused an economic crisis? Bitcoin is part of this world, part of the economy, it has no value without any connection to our world. Bitcoin's price movements are the result of economic influences. |
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I guess you got them all wrong. The OP is asking who will be ready to buy Bitcoin if it crosses the $100k pet Bitcoin level, and the answer is quite simple: providing there are people who bought Bitcoin from the price at which it is right now until when it hits the $100k level, there will also be others who will be ready to buy at whatever price they happen to meet it. There will always be a change of ownership, where today's whales might not be the same as the people of the next decade's will refer to whales, so those bagging in preparation of what the price might be in the future will definitely be there to buy more at whatever price they meet it.
Funds will buy that believe that bitcoin will be very expensive, if we talk about large players. But besides this, there will also be ordinary retail investors who will believe that bitcoin can reach unprecedented heights, but history teaches us that buying on highs is a very bad idea and perhaps because of such rash actions you will have to sit under water for a very long time, with the hope of one day reaching breakeven again.Only long-time market participants know how bitcoin works, and they won't be in a hurry to buy it at a high price. But when bitcoin hits $100k, it excites and creates a huge Fomo, new entrants will buy at that price and expect a higher price. That's how the market has worked for years now. As long as volatility persists, bitcoin still makes a profit, even if bitcoin is worth $1 million, there will always be a need to buy and sell. |
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Now a days many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin? I think they would have invested in Bitcoin and they could have made money from it.Besides, if they can discuss about Bitcointalk in detail, then I think they will learn about Bitcointalk besides investing in Bitcoin. In this, the person addicted to gambling could stay away from gambling besides earning money.
One thing to remember, I'm not criticizing gambling. I'm just sharing my opinion. thank you
Yes you told correct, now a days many people in our country being addicted in gambling. For gambling need huge knowledge. Without proper knowledge anyone cannot gain from gambling. It is also true many people in our country lossing everything from gambling. On the other hand Bitcoin is fully different. From Bitcoin investment people gaining from here. Many people has beed well established from here. Yes people can easily learn about Bitcoin and gambling from bitcointalk. From Here anyone can learn easily. And it will be very helpful for take decision. Honestly, I have not seen anyone who can make money and get rich from gambling, no matter how much experience and knowledge they have. Gambling should only be used for fun, but it is abused by many people, and considers it a place to make money without hard work. Gambling is not comparable to investing in bitcoin, it is silly to compare bitcoin and gambling. While I know OP's intentions are good, I really don't like bitcoin and gambling topics like that. |
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I don't see Bitcoin being able to reduce poverty, especially through a peer-to-peer transaction mechanism that doesn't depend on third parties. Even if bitcoin becomes widely accepted, it can replace fiat currency and become a more efficient means of exchanging value may not necessarily reduce poverty. Moreover, the implementation and widespread acceptance of Bitcoin is still a challenge that needs to be faced in various countries.
Bitcoin can alleviate poverty, bitcoin can reduce unemployment, or bitcoin can help a country's economy grow if that country accepts bitcoin...too many misconceptions about bitcoin are spreading and passed on in our community. I don't understand why so many market participants without any research just invest in someone's advice and have such serious misconceptions. Bitcoin is just a currency, and to get money, we need to work hard, no one gives us free money. |
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Do you then mean that Binance p2p feature is not really a what it is but a peer to intermediary? This is a bit confusing. Care to explain further?
Yes. When you use Binance p2p, you are not trading directly with the other peer, Binance is the third party or intermediary in the trade. P2p means directly from one peer to another and what ensures the safety of the traders isn't a third party but mostly a multi-sig set up, in which both parties will sign the transaction to release coins to the seller if everything goes smooth. If you don't want to classify a trade as P2P whenever any 3rd party is involved, then you'd be left only with crypto/physical cash transactions. When you want to wire fiat, you'd have to use third-party bank or payment processor services. A more sensible approach is to assess the nature of the involvement of the 3rd party. In the case of Binance, I'd call it a semi-P2P. If they only provided a platform to connect buyers with sellers, then I wouldn't have a problem in calling it a peer-to-peer platform, but since they also hold crypto in escrow, charge fees and resolve disputes (when needed) then it's indeed not a full P2P. I agree, P2P on Binance is not strictly a peer-to-peer transaction, you are right to call it semi-P2P because of third party interference. If the transaction is in dispute, the assets of both parties will be locked immediately. But I have a question, does P2P on decentralized exchanges really guarantee our privacy? I mean, we also need to provide a bank account name and number, or we still use an e-wallet like advcash centralized wallet during the transaction. So I think our privacy is not guaranteed if the buyer and seller with us is a government employee pretending to be. |
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I don't know why some of you are still worry about government adopt BTC, based on the purpose BTC was created show that many governments official knew that BTC is a transformation of economy and the growth of a nation. Nobody force El Salvador government to adopt BTC, but today they are enjoying massive growth in their economy, and nobody will force other governments to adopt BTC because many influencers and wealthy men all over the world came to discovered that there is a bright future in BTC. BTC was banned in my country some years ago because the government didn't Carry out their own personal research to know the potential of BTC before X central bank governor condemned BTC in the country and banned it. But the new government is doing a thorough research to ensure they lift the banned from BTC and crypto in the country because, the new government officials no the powerful transformation behind BTC to any government that will adopt it genuinely.
Do you have any evidence that bitcoin adoption is bringing economic growth to a country? Take El Salvador as an example because they were the first country to accept bitcoin as a legal tender. I am not saying that El Salvador has failed to accept bitcoin, but to be fair, bitcoin is just a speculative asset, how can it help the economy of a country go up? Even if an individual becomes rich by holding bitcoins, there is no guarantee that his wealth will be maintained if he relies solely on bitcoin and has no other business. |
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Many people despise the habit of saving money, they even use the money in credit cards bluff. They do this because they think they will earn more in the future.
People who live in such a mindset are very happy when they spend money, and when they owe money, they are also very calm. They are like frogs that are bathed in warm water. When the water temperature warms up a little, the frogs not only don't jump out; on the contrary, they enjoy being immersed in such warm water.
They think they are very comfortable, but in reality, danger is near. After all, those frogs are cooked to their own delight.
Indeed, people who have no savings means they are killing themselves in the future even if they have a large income, there is no guarantee that their job will be stable until they die. saving is just as important as investing, it is even more important than investing, because investing does not guarantee that it will always bring us a return. Many people are thinking that saving money is a waste because inflation will eat away at the value of our money. what they say is not entirely wrong but depreciating because of inflation will be even slower than we invest in high risk assets and risk losing all assets. Many ignore saving and prefer investing which is not as long as it makes a profit, actually it all depends on each other's decisions, but it would be nice to think about the future by saving. Which do you think is riskier between saving and investing? What guarantee do you have that the investment will always give you a return? Even if you invest in gold or real estate, there is no guarantee that it will always generate a profit. Of course, everyone has their own decisions, but it would be foolish to think that investing will always pay off and saving is a waste. Even billionaires, top investors have many failures in investing, so never think that you can always make a profit from investing. |
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Yes, bitcoin is not decentralized.
If bitcoin is not decentralized, I wonder why the government so far can't figure out how to control it, they are still struggling to find a way to block and ban it. Why did they spend so much time and effort spreading lies about bitcoin to keep people away from it? If not decentralized, they just need to control and manipulate it as they want, isn't that done? |
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When someone has a particular wallet which he spends Bitcoins from can he be considered a Bitcoin investor?
Or does the term investor refer only to those who hodl Bitcoin?
Investing means you are looking to profit from that asset, as long as someone makes a profit from bitcoin, they are an investor. But there are still some people who don't see bitcoin as an investment, they see bitcoin as a currency, a peer-to-peer means of payment, and those who buy bitcoin for the purpose of spending cannot call them investors. As I said, when you are a holder, a trader, as long as you are looking for profit, you are an investor. |
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Bitcoin hodling is something almost everyone on this forum is eager to partake in or already partaking in.
However I did some research and discovered most forum members do a lot of Bitcoin transaction, and sometimes leaves them with little or no hodlings in their wallets. Of course Some on the other hand have most of their Bitcoins as hodlings in their wallets although they still transact with Bitcoins . Holding Bitcoin is a choice however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.
Though hodling Bitcoins can be tempting to transact with sometimes
Not everyone has a stable income to hold bitcoin for a long time, so holding bitcoin depends on each person's economy. Whether holding or trading your bitcoins, it's all about adding value and serving life, so there's nothing wrong with that. If you really hold bitcoin and don't want to spend it, plan clearly and stick to it, you don't need to use 2 wallets like others suggest. Because if you are not consistent and don't take a stance in your plan, you will never hold bitcoin for long no matter where you keep it, you will still use it if you don't stick to your plan. |
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I think Op should be focused on the recent economic crisis happening in his country and hold his money for tougher days. Bitcoin price may not be favourable to him at a time like this. Which could cause him more harm if he losses his savings. Patience is the key, when he is sure of his moves not becoming a hindrance to his financial economy in future, he can invest in bitcoin, with lesser fear or doubts in him.
You are right my friend, investing in bitcoin in times of crisis is not the best solution. Because we won't be able to tell if bitcoin will go up or down more in the near future, and if the crisis in his country gets worse. He needs money to live, then selling the low price of bitcoin only exacerbates his crisis. Bitcoin is a highly volatile and high-risk investment, it cannot be a safe haven to store value in times of crisis. If OP bought bitcoin for $50k, what if he needs money for life now when bitcoin price is only trading at $30k? |
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No, how can a highly volatile asset become a safe haven? When it comes to a safe haven, it means that the asset is stable, unaffected by a recession or crisis. Gold will be our safe haven in times of crisis, not bitcoin. The proof is you look at what happened during the crisis in 2022 when inflation peaked due to covid and war, and bitcoin depreciated more than 80%, how can it be called a safe haven?
The original purpose of bitcoin was created with limited supply to fight crisis and inflation. But so far, it is being used as a highly volatile and speculative asset, so it is not yet a safe haven.
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I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.
The amount of bitcoins lost so far is negligible, and if all of them are found and recovered from their former owners, it will be good news for them. In terms of price, if they sell, it will affect the bitcoin price in the short term, but in the long run, it will have no effect. Supply affects the price of a coin, but it is not the only factor, most rely on demand for pricing. Look at ETH it has an unlimited supply, but its value is not small. |
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