I thought 12k was definitely possible when we were under 20k. I think we are too close to the halving for a lower bottom now though. It would take a real black swan event to hit 12k. I mean it’s possible but very unlikely. We are out of the peak bear market now, you can call this an accumulation zone, just sitting in a relatively tight range, boring chopping.
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History doesn’t always repeat but it often rhymes. There are many charts that suggest this, so far bitcoin always has a boom, bust period which centres around the block reward halving. Do your own research but selling around 12-18 months after the halving & buying back after that, on the way down over the following 12-18 months has always been a hit.
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It’s all hypothetical but bitcoin could definitely reach $1,000,000. The thing is, in the event of a major economic crash & what that brings, money printing etc, what will $1,000,000 buy you?
I will take my chances though because $1,000,000 per coin would be great. I think we are looking at post 2036 halving for that kind of price though.
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Their motives are in all likelihood, no different to ours. They want to protect the value & purchasing power of their balance sheet. Inflation is running wild, a stealth tax that is melting away the value of their funds. Bitcoin has proven to be a great inflation hedge over the last decade so they are looking at it we a way of protecting what they have. They may have a lot more money than us but the motives are the same.
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I saw his Tweet, being down in crypto portfolio’s is nothing new for any of us who have been around for multiple cycles. All it takes is patience though to be back in serious profits.
I’m not a big fan of DOGE but he will be back to all time highs again within a couple of years. He is an experienced guy, he will not be panicking. His $3,000,000 will probably return to be $10,000,000 or more within 2 years because that’s how crypto works.
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That's what US always wanted! If you think the Russia - Ukraine war is happening because of Putin, you are living in fool's paradise.
I agree, Zelensky should be nominated for an Oscar soon. Seriously though, things like this have been happening since First World Governments were formed. As normal, regular people we will never know what is really going on behind the scenes.
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Nobody can time the bottom, you’re extremely unlikely to be able to buy the absolute bottom (if it’s not in already @ 15.8k or whatever it was). We are currently at support but anything near ir below 20k is a great buy. Don’t obsess with the bottom, the time to buy is when everybody else is panicking. I don’t see much panic right now so maybe there is another leg down. Bitcoin will be over 100k before 2026 though so there isn’t much difference between buying now or at 21k for example.
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I wouldn’t pay too much attention to any rumours of Kim Jong Un posturing to start a war. There are always suggestions North Korea will mobilise & start an attack on another country but it’s always just rumours. There would be too much danger from ocher nations for North Korea to risk it. I don’t think we have anything to worry about.
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I have come to a decision after many bad experiences, I will stay away from all news, analysis, and recommendations and follow DCA's long-term Bitcoin strategy.
This is the best solution. Empty your head and get away from all this.
You have your head screwed on the right way Too many people involved in bitcoin overcomplicate things. A simple but effective, regular DCA for multiple years is a winning set up.
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Privacy is important in all parts of life, not strictly confined to cryptocurrency. You should protect your privacy & personal info, financial info etc at all costs. Poor levels of privacy can lead to identity theft, fraud, all kinds of things.
Bitcoin wise, KYC on only a couple of mainstream exchanges & practise self custody. Do not tell people you own bitcoin.
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Long term it wouldn’t even be a blip on the radar but short term a hypothetical binance collapse would be catastrophic for the price. We would see probably the biggest red candle in bitcoin history. Obviously there woupd be lots of willing buyers but short term we would dump hard.
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Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?
Monero is genius, it does everything you require from a privacy coin. Unfortunately its strengths have led to its downfall in the hopes of becoming a main coin. Governments hate it & regulators have threatened exchanges with operating bans in their jurisdictions if they list XMR. That has meant exchanges have delisted XMR & that’s the reason why the price isn’t as high as it should be. It’s a great coin for anonymity but it will never be a main coin sadly.
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Nobody wants to be the richest on a lonely table or the fittest on the graveyard.
Life is about Love, Health and pleasure. Do what you love and success will come all by itself. Pushing always for the next succes will make you fail what life is about.
Perfect response. Happiness isn’t about how much money you have. Health is wealth, being happy is about a lot more than how many Benjamin’s you have to your name. A close & reliable group of friends & family & a job you enjoy is all you need to be happy.
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There’s no wrong way to accumulate bitcoin as long as you don’t panic sell at a loss. If you buy & hold for a number of years you are historically, at least, always guaranteed to turn great profit. Due to the deflationary design of bitcoin it is very likely this will continue for the foreseeable future. So essentially, DCA or smash buy, whatever, patience & holding long term is the main thing to guarantee profits.
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There will only ever be 21 million bitcoins in existence, it doesn't mean that everyone in the world cannot have bitcoin though. That's because bitcoin can be divided into smaller units. Each bitcoin is divisible up to eight decimal places & the smallest unit is called a satoshi which is equivalent to one hundred millionth of a bitcoin.
With this divisibility even if there are only 21 million bitcoins the total number of sats is extremely high allowing for widespread adoption and use. In theory everyone in the world can own and use bitcoin as the supply can be divided to accommodate the needs of users.
You can obviously buy fractions of a bitcoin so you don't necessarily need to own a whole bitcoin to participate in the bitcoin economy.
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10% drops in price are nothing, most of us here more than 5 minutes have seen multiple 50% plus dumps over the years. Use dumps as an opportunity to sweep up cheap coins/tokens. Most people panic sell but the smart guys amongst us buy the fear. A bull market will come, don’t worry.
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It’s not easy for most people these days with the cost of living soaring in recent years but to budget your monthly wage and live comfortably it's important to prioritise your expenses and savings.
Start by determining your fixed costs such as rent/mortgage, utilities & transportation. Set aside a portion of your income for essential needs like groceries & healthcare. Allocate funds for debt payments & save a portion for emergencies & future goals.
Consider setting a limit for discretionary spending on non essential items like entertainment. Regularly track your expenses, identify areas where you can cut back & find easy ways to save money like cooking at home or using discounts. Obviously save some for yourself to enjoy life too.
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Anybody who buys & is willing to HODL for at least one full 4 year cycle gains something in bitcoin or top alts. Preferably you HODL for 2 cycles & right there my friends is life changing money. As for myself, of course I gained from the last bull run, I have been in crypto a long time.
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I am open to all possibilities. If you ask me, is there life on other planets, galaxies etc I would say it’s definitely possible. Do ghosts exist, I think again possibly yes.
I am sceptical about reincarnation though, I just don’t believe in it to be honest. I have no evidence to confirm it either way but it’s just not something I believe is possible.
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Bitcoin is 100% a better investment than gold for many reasons. Bitcoin offers greater potential for growth as its decentralised nature and limited supply create scarcity and increased demand. Bitcoin's portability and ease of transfer make it more accessible and convenient compared to physical gold. Bitcoin's transparency and traceability provide a higher level of security and trust for investors. The rapid evolution of digital technologies and increasing adoption of cryptocurrencies suggest a promising future for Bitcoin as a global digital asset. In my opinion Bitcoin is a far superior investment option.
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