I'm new to Bitcoin and the Bitcoin forum, but my curiosity is overflowing. I've come across numerous articles and blogs that share exciting testimonies of how Bitcoin has transformed lives, inspiring some individuals to even quit their jobs. It's heartwarming to imagine the joy on their faces. I'd love for all of us to share our happiest moments when Bitcoin brought a smile to our faces and the steps, we took to experience that happiness.
For sure Bitcoin brings a smile to a lot of traders, I mean just feeling the joy of making a profit on cryptocurrency is just a great thing, I remember when I do daily trading when I learned a lot of things, and when I buy Bitcoin it just makes me happy, I don't really know but when I started to accumulate Bitcoin its almost like I'm addicted on investing and I just want to buy more and more Bitcoin until I accumulate a big amount of it. Also when I started on cryptocurrency my friend told me about this forum, and it was really a great help on everything related to cryptocurrency, I did learn a lot of things here in the forum and have a good engagement with a lot of members here in the Bitcointalk community. Not just hearing about other members' experiences but sharing my own experience as well. It is just great to know this community where all of us are the same that we believed on cryptocurrency and especially what the Bitcoin potential and do in the future. So we started all to buy and invest on bitcoin, for sure this is all going to give a huge profit in the future. |
|
|
|
many people who profit from investing in bitcoin but many also lose because of investing in bitcoin, but the cause of people who lose because of investment
in bitcoin include:
: the result of not being able to withstand it so that it is finally sold at a low price, and the causes are various, such as panic because prices have fallen, or because there is an urgent need for life, so that you are finally forced to sell bitcoins.
but there are also many who profit from investing in bitcoin, but those who profit are usually people who are strong at holding bitcoins. and sell it when the price is high.
bitcoins help a lot
economy of all circle, including:
: many rich people invest in bitcoin and get big profits.
: poor people can also benefit from bitcoin, if they are interested in investing in bitcoin. and not a few people who were once poor are now rich.
: people who have physical impairments caused by accidents or who have been born with disabilities, they can also invest in bitcoin as long as there is a will, and I see many people with disabilities (physical impairments) who are now economically assisted by investing in bitcoin.
and the unique thing is that investing in bitcoin can be done with small capital, even less than a dollar. so bitcoin is very unique and helps the world community a lot.
what do you think about bitcoin have you ever been helped economically by bitcoin.?
For sure the most common case, in my opinion, is when it comes to finances, I guess there are a lot of members here that don't really have a lot of knowledge when they are first starting in cryptocurrency, I mean when I was just starting on crypto currency I don't really know a lot about my financial management, but when I starting to learn bitcoin I also learn a lot, especially on investing and saving money. what I get is the mindset of investing and saving how to become a millionaire or how to profit, in my opinion having a millionaire mindset is the best thing that you could have, For example, if you're going to give someone a million dollars, give it to someone that just want to spend that money or someone who doesn't have the right mindset, after a month all of the money will be gone. But if you give it to someone who has the right mindset most probably the million is going to profit in the end. In my country a lot of people get that mindset especially when NFTs become popular, cryptocurrency become really popular and that just mean that there are more people starting a businesses that could easily help people financially and help the economy as well. |
|
|
|
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions... Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions. CLICK HERE With all these being said I feel is time we face the reality that all these are just predictions, is under probability. If you're going to think about it, all of it is just speculation, prediction, etc. There's no actual way to predict the market accurately so, I mean yes we believed in what Bitcoin can do, and probably believed that it is going to reach the market price of 100k$ but we aren't sure about that since we do not know what could happen in the future. I mean if world war III starts tomorrow are 100k$ on Bitcoin still going to be a thing, I really doubt that and I don't know if it is going to happen, since as we analyze in the last when people speculate because of the war the market price drop significantly. A prediction is just a prediction so that wouldn't really make any impact, there was no proof of it that it is going to happen, If you invest in some meme coins, for example, you could predict that it's going to reach 1$ in the future like what happened to dogecoin but that didn't really happen. So I wouldn't rely on predictions, what you could do is analyze the market and the Bitcoin study technology, news, timelines, etc. then start to speculate. You could relay on facts and history, it was accurate but there was a proof. |
|
|
|
Hello everybody
i have some questions i hope someone can help
1- Is wallet have to do something with transaction speed? i have a trust wallet ( but in another topic that i open, someone says that I can pick a high fee to make it fast but there isn't )
2 - is their BTC staking? i saw some website offering that but mostly are scam so i prefer someone from here tell me
3 - what is the best wallet for Bitcoin
i hope you find this topic useful and gain some knowledge from the experts here
No, the wallet doesnt really have a thing to do with the transaction speed, the transaction speed would just depend on the network you're going to use, It would depend on the cryptocurrency and its network. Like for example on Bitcoin there are some networks that you could use like lightning network or just the normal Bitcoin network. The speed of the transaction would depend on how congested the network of Bitcoin is, you could see that on the mempool since there are only 7 transactions the Bitcoin can process per second the network can be congested if there are so many people want to make a transaction and that is where the transaction fee is going to matter since if you have high transaction fee your transaction is going to be processed first in the network. Bitcoin staking? I mean there are a lot of platforms or exchange that offer interest if you're going to stake your Bitcoin on their platform it wasn't really a good amount of interest but it was way higher than the banks is offering. probably up to 10% depending on the platform. The best wallet that I use is Electrum since it was software I can easily access on my computer it's convenient, open source, and decentralized. It wasn't the best wallet that's for sure but wasn't bad at all, its better than putting your cryptocurrency or investment on a centralized platform or exchange like for example Binance even though it was a popular platform you doesnt have any control on your Bitcoin at any moment they could easily freeze or lock your account. |
|
|
|
Do you know of any restaurants and/or supermarkets in the US and abroad that sells food for BTC? It would be nice to avoid Fiat altogether and use BTC to buy our life necessities. The only place I could think of is El Salvador with its acceptance of Bitcoin as legal tender. It's likely every merchant and business there accepts BTC as payment method. I don't know about the US and developed countries. Could someone enlighten me? Thanks in advance.  In my the number of stores that are accepting Bitcoin as a payment increases significantly compared to the past years when there are only small businesses that are accepting Bitcoin most of the time, they are just individual business owners that are just bitcoin investors as well. You could probably find a lot of websites accepting Bitcoin already where you could easily find food to buy, but to be honest I dont really a fan of Bitcoin as a way to buy something because I just dont think it is already suitable for that just because of its nature and the volatile market price of Bitcoin. I mean I do buy Bitcoin for investment only, and I really think that Bitcoin is suitable as an investment because of the market cycle and its volatile market price, yes it is a risky investment but if you know what you are doing you could easily make a significant amount of profit just investing in Bitcoin. Using Bitcoin on your every transaction just means that if the market price drops you lose money because you spending your Bitcoin its like selling your Bitcoin at a low price, unlike fiat money which has a stable market price even though we have inflation it is more suitable for transactions. |
|
|
|
The CEO of Binance, Changpeng Zhao just tweeted and I quote, he said that; “CCTV (China Central Television) just broadcasted crypto. It's a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs. Not saying past predicts the future. And not financial advice.” Link to Changpeng Zhao’s tweet
Those that have experienced the bull run before, does events like this leads to bull run or signifies that bull run will happen anytime soon? And those that haven’t bought bitcoin, does this signify that they need to necessitate buying some now before it’ll be too late? This wasn't really some kind of significant event to the cryptocurrency community or something like Bitcoin. I mean for sure this is going to affect the cryptocurrency market price at some point but for sure it wasn't going to be a big impact. It wasn't even that trendy I mean yes it appear in some articles but the reality is it didn't have a big effect, I mean not all good article is going to have a big impact it was just great news on cryptocurrency about crypto broadcast. Also, China has a lot of controversy when it comes to cryptocurrency so that could also be a thing. I could trigger the Bullrun is the Bitcoin Halving event if you just going to look at the bitcoin halving timeline you could already see the effect of it in the market, so just based on the past data we could easily assume that there is going to be a huge movement after that event like in the past Bitcoin halving for sure. I mean its already a good time to buy because when the market is stable like this that is the time when some doesnt have interest, it probably still need around 2 years before Bullrun but I think buying right now is a good investment to position for profit. |
|
|
|
I wants to share one of my stories where some people try to scam my Discord server. At first, i need to give a quick intro about my work. I am a full time community manager in discord and i am working with a project where i am the head moderator. Now lets get to the main story.
There were some members who were actively making posts on our discord server about hiring moderators in some kind of NFT-related discord server. At first, i thought it was just a spam message and start ignoring it. After few days one guy messaged my inbox by saying he is very impressed with my work managing discord server so now he wants to hire me into their discord server as a community moderator. For being a professional discord community moderator i show interest and start asking about his project. In the meanwhile, he invite in into a group he created where his so called boss wants to talk with me. After doing some general conversation he said he is interested and wants to take an interview of me before making any job contract. So we start talking through voice call and he asked me some basic moderation related questions.
It was just like a professional job interview and there was no way to be vigilant till this points. After the interview, he offered me a handsome amount of money that i can not reject so i accepted his offer. He sent a url and told me i need to fill up this form right now with my details before we can make the contract. That URL looks pretty normal to me so i clicked it and start filling the form. But when i tried to click submit button it written there is a problem with the submit button so drag the url of the submit button to your browser's bookmark bar to submit the form. When i drag that button i have noticed there is a script written in there. In the meanwhile, i was still connected with that guy in voice call and he was constantly pushing me to do the work fast. I disconnected from that call and delete cookies from my browser. After some investigation, i found out that there was a javascript written in there which will give that scammer access to my browser and my discord account. Furthermore i found out they are a group of people who hack Moderators account into a discord server and post fake airdrop promotion to scam people.
Crypto space fast-paced technological innovation to bring simplicity and add more security to human life. So scammers are also finding new ways to scam people. Do not fall for the same kind of trap if you are a moderator in any crypto project. You might lose your server and job as well.
I can't think how they are going to access your discount account or your browser that easily, I mean there are some cases where they think that if you click something like a link you're automatically get hacked by the hacker and them already going to have access to your account. I don't really think it is going to be that easy to access an account or computer, for sure if that is how is easy it is probably half of the accounts are already hacked, I mean this website cost millions or billions of dollars it can't be that easy. One of the most common things that I see is they are going to be predicted to a fake website that is similar to the website you visiting then you're going to think that you are on the login page, and the moment you put your details there the hacker already has access on your account. There's nothing we can do about this because for sure hackers and scammers are always going to make new ways how to scam people what we can do is adjust and be aware of that things and always be updated for example here in the forum we could learn a lot of how the scammers do their things. |
|
|
|
I'm so passionate on bitcoin since I made research of bitcoin I have being excited in bitcoin and I'm not regretting that I invested in bitcoin with my second saves, its good to read articles containing bitcoin information before deciding to buy bitcoin I have read and I have regret, myself I assured myself that I have not make a mistake by investing in bitcoin, because bitcoin now is what that helps so many arms of people to escape inflation rates in their countries, everywhere you go its all about investment information you will obtain of bitcoin.
Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin, and when you think of sending money to people outside the country first thing that will come to your mind is to use Bitcoin. My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.
If i have another financial opportunity I will wish to invest more capital in bitcoin because it is a decentralized currency
Edited corrected by @Upgrade00, thanks sir
Learning is a continuous process
I mean for sure Bitcoin is a risky investment even though right at this moment the price of Bitcoin could easily drop a huge percentage one big bad news could easily affect the market price of Bitcoin just imagine if the Bitcoin code or structure have been cracked and hackers found a way to hack our Bitcoin that could easily affect Bitcoin for sure, and a lot of people is going to be afraid to hold bitcoin and probably going to end up selling it right after the news was released pushing the market price to drop. It is surely going to be the normal thing to make mistakes but just make sure to not make the same mistakes be sure to always learn from your past mistakes to avoid losing money, but it will even be better if you're going to learn from other people's mistake, I mean we already have the forum and there are a lot of great members here that share there experiences and what you can do is learn from their experiences, you could just continue to learn here until you already know what you're doing and then start to invest. |
|
|
|
All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.
The price of Bitcoin is already in a good position for sure, the price was just around 29k$-31k$ I think it could easily hold off until the end of the year for sure because we already see the market price drop but it doesnt seems to drop on 28k$ it just continues to stay around 29k$ which is a good thing because we can notice that the price is holding off at that level, to be honest price could probably reach 40k$ at the end of the year if the price continues like this, In already has a lot of momentum unless something bad happened or bad news drops online I can't see the price dropping around 20k$-25k$ again. I mean for me I was really hoping for the market price of Bitcoin to drop around 20k$-25k$ because it's a good opportunity for me to buy Bitcoin at a discount and that just means I could accumulate more volume of Bitcoin. If investors are selling their Bitcoin then it's a good time for us to be greedy and buy more Bitcoin also a good opportunity to make a profit in the coming bull run. |
|
|
|
hello everyone
i sell some vouchers and the buyer ask to do escrow
he can get them and use them then reject the deal :|
did something like that happen before?
maybe a middleman with bitcoin talk is better
any experience with this issue?
I mean an escrow is just a middleman for sure it is possible to get a scam even though you already have escrow, I mean I have a similar case when I do a transaction online on Facebook related to NFTs and cryptocurrency. If your selling something like a token for sure buyer is not going to trust you that easily, there where no way to fairly send both the sender and the receiver at the same time unless you have something like a platform or maybe something like a middleman. The thing here is to pick an escrow that you already trusted or that is already well-known in the community If you're going to escrow here in the forum there are already a lot of trusted members here in the forum that is already trusted as an escrow probably already handle thousands of transactions here in the forum. if you do that it is almost guaranteed that you're not gonna get scammed. The thing scammer does is the scammer know the middleman and when you send your funds to the middleman both of them are going to disappear and scam your money, I mean it's easy just dont pick an escrow that you dont know or you dont trust. |
|
|
|
Yes as the subject said, using borrowed money to buy bitcoin is not good idea because the interest is accumulating every week/month and you don't know when the bull will come and even if you know, you will not know how much it will be. And assuming you took a loan of $400 to pay back within 3 years and the interest rate is $2 weekly and in the 3 years period, bitcoin has not reach the speculated price to sold your bitcoin to pay your loan. Or when you sell, you get the exact amount of the loan, or 1% profit from the sell and you pay off the loan and there is nothing left for you to start over. Is that a good investment? No. So there are many factors one can consider before using borrow money for bitcoin investment. You have to consider the duration of the loan, the probability outcome of bitcoin at the end of the loan year, and the interest rate accumulated at the time to pay back the loan.
When you have done your homework well and you see that you can use the loan to invest on bitcoin and there will be no problem at the end and you will have some changes remain in your wallet then you are free but if not, it will shock you and you will be frustrated so prevention is better than cure as they said. Therefore using loan for investment is not advisable. Ordinarily, you cannot just come to the cryptocurrency Ecosystem space without proper planning and started investing, it is not done in that way, at least calm down to study how things are done in the environment, making some analysis, compare and contrast some of the risk involved then if it is good then you key into it and if it is not then you look for an alternative way to invest in bitcoin.
I came up with this topic because I was planning to borrow money to invest in bitcoin but when I looked at the risk involved, I have to give up the borrowing plan.
I mean the main reason was just that cryptocurrency or Bitcoin is just a risky investment and it wasn't recommended to do a loan just to invest in something that is risky it just wasn't worth it because if you lose your money on Bitcoin then you get a debt as well which is a big problem by chance. If we are just going to invest in Bitcoin we already know that we should have liquidated or fiat money that we have in our savings because if you're going to invest but it is already all of our funds I just wouldn't really going to recommend that because what funds are you going to use when the market is down? Your just gonna end up selling your holding and lose money because you didn't have the plan to invest. Most traders are just going to recommend you invest only 10% of your funds in cryptocurrency because it is just way too risky to put everything on it. Taking a loan wasn't actually that bad if you know what you're doing loans could easily help you with your problems and probably it could help you buy assets that could generate your income, but if you just doesnt have funds just dont invest on cryptocurrency just invest it on something that is more guarantee to give income. If you borrow money to invest in Bitcoin, that shows you have no other option left and this also means that you are trying to invest what you can't afford to lose because you borrowed the money, Bitcoin investment is not for such people, if all you can do is borrow money, brother go out and look for jobs, this is not a matter of when to buy or when to sell, you are doing it completely wrong.
Your money or no Bitcoin investment, doing this will put you under pressure and unease mind, it's money you borrow, and there will be a max time for you to pay back the money, I can promise you that it's not going to be a pleasant investment in the end.
Agree with that, when I started working I realize that its actually easy to save your money, just dont buy something that you cant afford, so if you cant afford to invest on Bitcoin just dont invest on it!. |
|
|
|
57 - Asuspawer09 Thank you! |
|
|
|
We are all welcome to 2023.
2022 was not a good year, but not exactly a bad year too. Bitcoin falled from $48000 in January and fall to the lowest price of $15500 in November 2022. But we should also know that November 2021, bitcoin got to all-time-high of 69000.
Some people got bitcoin, holding it and the price falled as some people sold. But the good news is that all-time-high is still possible and that might likely be in 2024/2025, just a prediction though. During the falling of bitcoin price, it was more on altcoins as they fall the most.
Some people save coins on exchanges, 2022 was another lesson for those kind of people as FTX collapsed and millions or billion worth in dollars that many people lost. Not you key not your coin is a lesson in 2022 as those coins saved on exchanges wallet addresses dropped significantly after the FTX implosion.
Let us begin the fun of 2023 by guessing what would be the highest bitcoin price in 2023.
I mean 2022 wasn't really that bad and I did make some profit at that time trading, Pretty much Bitcoin did a good job especially on adaptation this 2023 considering in the past year Bitcoin wasn't even that popular on social media, there are probably only a small percentage of people who knows about Bitcoin compared today. In my country, even banks are already supporting Bitcoin some of the most popular online banking here in my country already integrated cryptocurrency on their platforms and now you are able to buy Bitcoin on their banking application which is a good thing considering there are millions of users that are using this application meaning this millions of people can easily access and buy bitcoin as well. Considering the price of Bitcoin in the past months I can say that Bitcoin is on the right track and slowly getting a lot of momentum, but right now only small traders are trading in the market, and we're gonna need a catalyst to trigger the market to skyrocket. It's possible that the Bitcoin halving event could be the one that is going to trigger that, if the market continues considering the significant adaptation of Bitcoin for sure we could easily surpass the pass all-time high, and in my opinion, 100k$ is really realistic on the next Bullrun. |
|
|
|
How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
You can't possibly grow your Bitcoin without buying Bitcoin, I mean yes you could potentially earn a small interest when you HODL your Bitcoin on some exchange or something like that, but the claim most of the time wasn't really worth it considering the risk you're getting when you HOLD your bitcoin on their platform. There are some ways you could possibly grow your Bitcoin something like day trading is going to be great if you're into cryptocurrency, but it is risky if you are not updated on crypto. I guess the best way was just to invest in Bitcoin, you could do dollar cost averaging and buy Bitcoin every month or weekly with that you could save Bitcoin and grow it to position for the upcoming Bullrun, that's probably the best way since for sure proven to be a low risk  but you need funds or something like a salary. I mean I wouldn't really recommend gambling at all because it was just too risky and you could easily get addicted to gambling that just means putting your Bitcoin at risk way riskier than just buying or holding your BItcoin. |
|
|
|
Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?
Bitcoin is actually a new thing back in the years and a lot of people believed that it could easily be the future of currency, I guess it is because of the trend where Bitcoin could be the future of all currency or digital currency. I mean, to be honest, I didn't believe that Bitcoin is going to be the main currency because its nature is its decentralized government would really use something like that as a currency, I mean inflation is a big thing in fiat currency because the government continues to print more money and it's just a big problem but on Bitcoin, there is only limited supply so the government would really support something like that they can't control and they can't print for sure. Probably companies, governments, etc are starting to recognize cryptocurrency and blockchain which is why it started to adapt around the world, the technology was already used around the world and it continues to adapt until today, for sure Bitcoin is going to be a part of the future but it wasn't going to be the main fiat currency. For me adaptation was just because Bitcoin is just a great technology. |
|
|
|
what would you do if you got money?
which coin do you prefer to hold for long-term or short term and what do you expect from your portfolio?
If you ask that question from me then I say that I try to hold BTC because first of all, BTC is a modern form of money I think soon cryptocurrency f*** the paper money. then everything should be traded in digital coins like BTC and others.
BTC is now much lower than his ATH which means if you buy BTC at that time it means you can see a huge profit in the future but if only you hold BTC for a long time. it means a patent is required for it. that one also boosts your portfolio.
I think BTC broke his ATH in the year 2025 and make a new ATH on 100k what is your opinion?
For sure it is a great investment to use your money to buy cryptocurrency or Bitcoin, I mean if I have the money I would surely invest in cryptocurrency aside from other investments, first cryptocurrency is going to be Bitcoin for sure we all know that cryptocurrency is a risky investment so it is always recommended to invest on Bitcoin because it is just the safest cryptocurrency to invest to, I would also buy on some alternative cryptocurrency that has high return something like Ethereum, BNB, etc, it has way riskier but at the same time have a high reward. I mean the next Bullrun definitely has a of potential so I really believe that the price of Bitcoin is going to be around 100k$ for sure, just based on the Bitcoin adaptation Bitcoin is well adapted even in my country. Bitcoin is surely better than fiat money and for sure when it comes to investment, when it comes to inflation it really hits on fiat money, but fiat money is still essential because it is just what we use daily, and we cant really change that, it is the one that is supported by the government, I mean Bitcoin is decentralized on nature so that is just how it works. We cant expect the government to support Bitcoin because they just cant control it. |
|
|
|
Maybe someone has experienced the same fate as me, the Google Authenticator apk is missing! Maybe my friends know a way to be able to enter Google Authenticator without a key or is there another way to deactivate Google Authenticator so that when we want to enter a market account, we don't need the Google Authenticator key anymore? Hope someone knows about all this, thanks.
There is a recovery code that you could get on every website that has the authenticator, if you did activate the authenticator make sure to save the recovery code as well so that when you do lose the authenticator you can still recover and disable it. Google Authenticator was kinda trash actually before the update because you lose all of your data when you lose your phone or uninstall the app if I'm not mistaken, It did happen to me and its really annoying I mean we didn't really save all of the recovery codes on every website, the fact that I didn't recover some of the data is really a mess. But on the recent update, it was already saved on your Gmail account which im been waiting for years to be updated, I mean it is supposed to be this way so even though you lose the app or uninstall it you just need to sync or login your Gmail account in order to recover all of your authentication data. I mean I wasn't sure yet if it is already like that because I didn't try to do recovery yet but on the application, it says "Your codes are saved to your Google Account". |
|
|
|
When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.
It is surely a good thing if you can sell at the peak price but the reality is there is only a small percentage of people who can sell at that peak, it's really difficult to predict that. I mean the price the best thing to do probably is take profit every time there was a huge pump in the market right, you could do is sell a small percentage every time the price continues to pump with this method you could be sure that could take profit and at the same time you could hold for until the peak I mean its still great to sell it all once if you could sell it at the peak. If you have no problem holding your Bitocin for years then you just do the right thing because for sure the market price this coming Bullrun is going to be even greater than before and probably you could right the all-time high of 100k$ in the next Bullrun. If you have other sources of income you could just wait for more years until Bitcoin is greatly adapted in a lot of countries. |
|
|
|
I am 18 yo
schooling in private college
I flip stuff for cash part time regularly to make some extra cash
I have 1 Bitcoin @ 29k & I keep about $3000 in cash in my bank as emergency fund
I have 3 months study break so I am most probably gonna take on a job to fund the bitcoin , trying to fund as much as I can before the halving in 2024
I have been researching on bitcoin for a few months now and by researching I meant like the purpose of bitcoin and I see how it is so much better than fiat(cash) . The only thing that can stop bitcoin is probably the government. After understanding the purpose of bitcoin it gave me more confidence on buying it and not seeing it as a 'investment' but more of a freedom digital currency.
I am gonna start deciding to sell it at end of 2024 , but I guess i could wait till end of 2025.
Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.
If you guys have any tips , do let me know ... I would be very grateful for it.
Wow, you doing well mate, Congrats! Sell at the end of 2025 that is probably where the Bullrun is since Bitcoin halving is around 2024 the expected pump will be around 2024-2025 for sure. I did start on cryptocurrency as well when I was a student, when I was in college as well and it was really great to know this kind of stuff because I was able to earn this amount of money, I mean as a student this kind of money was only earn but someone who has a job so I was really happy about that. But I guess the advice I could give you is to actually invest in a passive income when I earn a good amount of money when I was a student, I didn't really have the right mindset, my mindset was it's okay for me to spend my money on things just because I'm still a student and eventually I'm going to land a job and that is when I'm going to start saving. When you already have the money invest it on something that could give you passive income, it wasn't need to be something like a business since your still a student, the safest investment could be real state, something like a rental apartment is great since it could provide you income monthly. |
|
|
|
There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?
I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.
To be able to reach that market price of around 100k dollars we definitely need a lot of money that is needed to be poured into Bitcoin, at the moment the money was just us small traders and we actually did a great job increasing the market price of bitcoin of around 30k dollars and we notice that the price remains around that range, there was some resistance and it wouldn't increase or decrease around 29k$-31k$ and in my opinion, it's a great sign already. You are right about that, it is going to be a huge amount of money, so we need billionaires, companies, institutions, government money, etc, one thing here that could be a catalyst is when the government starts to print money again, that just means that there is more money than can be put on cryptocurrency or Bitcoin that could easily spike the price of Bitcoin. Im is optimistic about it as well because there are still a few people in the world who know Bitcoin if I'm not mistaken it is less than 5% of the world population, and if I'm going to base it on Bitcoin adaptation in the past year the Bitcoin really is adapted on a lot more countries, companies, businesses, etc. Just based on that I could easily assume that the coming Bullrun is going to be bigger than the last Bullrun. |
|
|
|
|
Show Posts
