If you can not trade, the better way is to hold. Some traders lost their money and they regret and wished to have just hold their coins. You can see this encouraging thread for holders I AM HODLINGI do not consider bitcoin holders that are now millionaires lucky, they have reasons of holding the coin, they know about its limited supply of just 21 million coins while the world are billions and continue to increase. There’s nothing lucky about buying bitcoin & holding through awful downturns, for the price to then recover & make you huge profits. It takes bravery, guts & determination to hold during bearish periods & even more to buy during those times, adding to your bitcoin that you hold. Trading is not a good idea because we are not whales, we do not control the market, the only thing you can control is your resolve & strength to hold, wait it out for many years & watch your bitcoin/USD worth grow.
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The initial price wasn't $1.00 but $0.00764. $1.00 was already equivalent to 1,309.03BTC. Wow! So, if you were able to buy a dollar worth of Bitcoin 14 years ago, you would already have a staggering $36,034,846.94 today. Who would have imagined that? That's just in a matter of 14 years. Nothing can beat Bitcoin's price growth.
That is insane, just imagine having that kind of wealth, all the opportunities & things that it could bring you. Obviously there are far, far diminishing returns now but bitcoin is still a lifeboat to save you from inflation & the general imminent collapse of fiat currencies. The best time to get into bitcoin was at a like similar to the post I quoted but the next best time available to us is NOW.
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No, I totally disagree that women are more economical than men. Certainly in my experience, it couldn’t be further from the truth. Women spend obscene amounts of money on cosmetics & vanity treatments. Most men just go to work to pay bills & provide for their families. Women seem to enjoy spending on non-essential items.
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We (as in me, you, most people on this forum) do not need or want a CBDC but that won’t stop our governments from trying to force them on us. It’s not about what the people need or what is helpful, it’s about control. They can control large aspects of our lives by bringing in CBDC’s. We have an advantage though because we are in bitcoin & crypto early. Prepare yourselves accordingly, you still have time.
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Africa's issues with corrupt leaders can be attributed to many things. Historical legacies such as colonialism & weak governance structures play a big role. Poverty, lack of accountability & limited access to education & resources can contribute to the problem. To help combat this a multifaceted approach is necessary. Strengthening democratic institutions, promoting transparency & accountability, investing in education & healthcare & fostering economic development can all help tackle corruption. Empowering citizens to participate in decision’making processes & supporting grassroots initiatives are also vital steps towards a more transparent & accountable leadership in Africa.
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Hard work, dedication & a good mentality are three important traits to have if you want to succeed at anything in life. Try & build a certain level of self discipline, it’ll take you far in life. If you have realistic goals then just do everything you can to achieve them. You can do anything you put your mind to if it’s realistic for you. Nothing good ever comes easily, work hard to realise your dreams.
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Bitcoin October Month Performance
🟢2013 → 60.79% 🟢2015 → 33.49% 🟢2016 → 14.71% 🟢2017 → 47.81% 🟢2019 → 10.17% 🟢2020 → 27.7% 🟢2021 → 39.93% 🟢2022 → 5.56% ⚪2023 → ?? %
I think we’ll finish October higher than we started it but I don’t expect it to be a massive green month. I’d be ecstatic if we close the month over 30k, I’m not sure we’ll do that. The price will soar within 2 years but I don’t expect a parabolic breakout for at least 6 months.
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Do you expect a financial and banking services company to encourage investment in Bitcoin?
This is spot on. The thing is, these banks are going to have to adapt & allow their customers to transact with bitcoin, otherwise they will become obsolete. It’s not going to happen fast but bitcoin is going nowhere, it is going to eat up investment capital. They need to adapt or get left behind their competitors who are willing to.
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I don’t think you need to worry too much about billionaires on this forum buying boats. I mean there will be a handful of billionaires from 2010-11 maybe who still browse the forum but your demographic of bitcoin billionaires who are still active here is tiny, like really tiny.
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It’s a good thing because the cost of living has soared so much. People need to be able to keep a roof over their heads & put food on the table. Nobody who works full time should be living in poverty so this should be seen as a good thing.
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Why is it that everytime a newbie shows his or her interest in trading Bitcoin, some people will always try to discourage the newbie? You see them saying things like “Bitcoin trading is not for newbies”
Actively day trading is not for people who don’t know what they’re doing. Most experienced short term traders incur large losses at regular intervals. Trading is a bad idea for everybody, no matter how experienced you are. Buying bitcoin regularly & holding long term is the only way to get close to guaranteed profits. Short term timescale trading is gambling.
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Obviously it’s not Satoshi, I do wonder who controls that @ though. Must be worth an incredible amount of money. Would be awful obviously but the phishing opportunities with that @ in the wrong hands are scary. I guess you could report the account for impersonating somebody else, then again CW would be banned in that case.
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Listed as #206 on Coinmarketcap, I’ve never heard of it before seeing this thread. Interesting that it’s POW, that automatically makes it more attractive to me. Tracing at just over $0.05 per coin. I wouldn’t be willing to FOMI a large amount into it but it could be worth throwing a few hundred $ at for a medium term hold. Only nevativd is the max supply at 28 billion which is a problem I guess.
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What makes it so promising? I did some research on it, and it seems like Shikoku Inu is just another shitcoin, like thousands of others, with no real purpose or utility. It appears to be just a copycat of other popular tokens with no unique features or technology that sets it apart from the rest. In my opinion, investing in such a token would be a risky move with low chances of any significant returns.
Nail on the head explanation by Stalker22 there. It doesn’t mean you can’t make profits on it but it’s just another copycat shitcoin. Proceed with extreme caution if you invest, this has rugpull written all over it.
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Governments' stance on Bitcoin varies but not all governments hate it. Some do express concerns due to a few reasons. The decentralised nature of Bitcoin challenges traditional financial systems potentially reducing government control. The pseudonymous transactions raise concerns about money laundering & illegal activities. The volatility of Bitcoin's value can worry governments seeking stability. The potential impact on national currencies & central banks' ability to regulate the economy might also be a factor. Governments' attitudes towards Bitcoin are evolving & some are even exploring ways to regulate & incorporate cryptocurrencies into their economies.
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Quality is better than quantity in posts here because it allows for more meaningful & valuable discussions. When we focus on quality we prioritise well thought out & insightful contributions that encourage engagement & foster a sense of community. Quality posts tend to provide more depth, knowledge & understanding leading to a higher level of interaction & the development of stronger connections among forum members. Nobody wants to read a long essay, a bunch of waffle when your response can just be a more detailed, concise, informative shorter post.
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It’s very un-natural, I don’t like it at all. With AI too, this kind of thing needs to be stopped before it starts. Some things should just be left alone, nature doesn’t need this kind of intervention. How long before all strange things are happening? We have to be very careful or the human race could be at threat from science & technology.
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During a recession it's important to be proactive & make wise financial choices. It’d be smart to start by creating a budget to track your expenses & cut back on non essential items. Look for ways to increase your income such as taking on freelance work or a part time job. Build an emergency fund to cover unexpected expenses & prioritise paying off high interest debt. Seek out free or low cost entertainment options, cook at home instead of eating out & explore thrifty shopping alternatives.
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There is no successor to bitcoin & no you shouldn’t sell your bitcoin to buy Ergo. Bitcoin is the King, the best performing asset over the last 14 years, to sell to buy some random altcoin would be stupidity. By all means, invest a small amount of fiat into chosen alts but not at the expense of your bitcoin stash. Bitcoin is precious, selling is a bad move because the price has probably bottomed now & will only go up.
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