With halving less than a year from now, the majority of us are speculating a major increase in price and possibly the start of another bull market after 4 years. Some are expecting to surpass the previous ATH of almost $70,000 and possibly reach $100,000. Although this scenario sounds great and all, I'm not quite confident that it'll happen in the upcoming year or so. The current economic condition in the world isn't too promising and, in my opinion, will set back investments in general, including bonds and the stock market. I hope I'm proven wrong, though.
However, I tend to have a more pessimistic and down-to-earth approach to this matter. Bitcoin's current price is ranging from $27,000 to $28,000 as we speak, while we will also occasionally see it as low as $25,000. With that being said, in my opinion, sometime after the halving, the scenario of Bitcoin surpassing $50,000 doesn't sound too impossible to me. Thus, if we suppose that someone purchases Bitcoin now, approximately within a year, he or she may be capable of doubling their initial investment.
I know that these are all pure assumptions, but instead of speculating massive ATH and 3x or 4x returns, which are way too common in the forum, why not expect something that is more probable to happen in the near future? And to be honest, doubling your investment is a great yield that cannot easily be found in other forms of investment.
I understand the angle you are coming from which is global economic realities. Furthermore, it is good to keep ones expectations moderate, this I also notice from your post. However, I think the money in the world is not lost, rather, it is just not circulating as it should that is why it seems there is no much money. But trust me, when the fundamentals aligns, there will be huge cash flow into Bitcoin that will make the price to soar. By fundamental aligning, I mean positive news such as the halving, ETF approval or any major news. So, even when I am not desperate to see 3x or 4x returns like you said, I will not rule out the possibilities because the potential is there. Nevertheless, the most important thing is to buy and hold and let the future decide. |
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I got into Bitcoin as a college student though I am not involved in earning yet but I have a lot of interest in Bitcoin and I am planning to hold Bitcoin. My father is a Malaysian expatriate. He receives a salary of $500 per month and sends $400 per month to support my family. I collect all the money from my father's salary and spend it for family support. Recently I have made a plan to invest a certain part of my father's salary remittance in Bitcoin but in this case I don't understand whether it should be invested in Bitcoin. I paid attention to invest in bitcoin seeing the popularity and future importance of bitcoin but my father and mother from my family have no knowledge of bitcoin so they keep persuading me to invest in bitcoin.
Since you are practically in charge of the funds, I will suggest you draw up a monthly DCA of $50 to $100 from the money and see how the rest of the money can be used to run the family. You can show your your family where a portion of the money is going so they are relaxed and convinced you are not misusing the funds. Probably when you graduate and get a nice job, you can increase the investment as well as the support for the family. In addition, you learn one of the digital skills that can earn you morning even while you are still in the school. In that way, you will have a cash flow that will enable you feel comfortable investing in Bitcoin. My parents thought that bitcoins that cannot be seen or touched cannot be an asset. They think that investing in physical assets such as gold, bank deposits, land etc. is more profitable than Bitcoin. But even after I convinced them, they are not ready to invest in Bitcoin. They don't want to believe in virtual currency.
Right now I want your important advice on how to convince them.
If you are having a hard time convincing them, I will suggest you give them a break as they have not seen reason to invest in Bitcoin. Alternatively, you can invest in Bitcoin while keeping them in the loop so that when they see the results, that will speak louder than voice. |
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For your country, this is quite worrying, but that does not mean the same measures apply in every region.
It is not perculiar to my country, it happens in some other countries. On the other hand, the case described above is similar to earthquake, war, volcano and other emergencies that can bring physical investment to ruines. It just shows one unique advantage Bitcoin have over some other forms of investments. This was a property approved by previous administration but demolished by new government. This is a whole political problem. Some parties and people in those parties do not like the success of their opposition. So, If you are a supporting party and your opposition party has more power than you, they will try to destroy you by destroying your house, your business, and everything. This has become a popular trend in my country; politicians target the businesses and properties of opposition. Maybe they all read 48 Laws of Power. This is a confirmation that Bitcoin is safer and better than many conventional investment portfolios. Anyone still doubting the freedom, comfort and peace that Bitcoin offers is probably yet to embrace reality.
I'm afraid I have to disagree. I won't say Bitcoin is safer than your land and houses. Of course, Bitcoin has some pros. But these physical things are primary needs. You have to build your home to live in. You have to buy land to firm. You can invest in Bitcoin, too. But do not go all in. I am viewing it from the aspect of investment, which is in line with the topic of discussion, and not base on needs. Shelter is a basic need that you have to put in place before you consider investment. So, I still feel Bitcoin is a safer and better long term investment option than real estate. Imagine using the money for the property to buy Bitcoin 10 years ago... today, you would have built three of those property and still have good amount of money left in your portfolio. But for this case, the owner of the property is starting from scratch, having lost everything. |
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The current Bitcoin price is very much within range as this position will definitely increase. Because newbies never realize the growth of Bitcoin (those who do understand) and 2021 is the real proof of Bitcoin. Because the price of Bitcoin is going to the highest level and surely in the end of 2024 or in 2025 the price of Bitcoin will realize the highest level again.
Even when I share in your enthusiasm of Bitcoin soaring above the ATH by 2024 to 2025, I still think it is safer to keep our expectations in check to avoid taking greed-motivated irrational decisions. Another danger of putting a timeline when you expect the price to peak is that you might end up selling all your asset in the time period when the price would have hit your projected peak. Even though this is a logical plan but it could harm the portfolio for those who plan to hold for long. So, always keep open mind as nothing is guaranteed in the market. The price can soar like you said and there are possibilities of price not experiencing an explosive move like many of us are expecting. If you out this into consideration, you will not be pressured to take take rash decision now or in the future... you manage your Bitcoin portfolio calmly while also living the life you so desire for yourself. many people have been profitable using the DCA method, and it is true that the DCA method is definitely profitable if invested for a long time.
Since you already know about how good the DCA method is, I will encourage you to continue to apply it while allowing the market and time unveil what the future holds for all of us who believe in and trust Bitcoin. |
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Even though some people will argue that Bitcoin was not created primarily as a means of investment, it has become obvious that Bitcoin presents a good investment opportunity. Many people even use Bitcoin as a hedge against fiat is plagued by inflation. One aspect that have created much argument is real estate with many saying it is more reliable than Bitcoin that they claim is risky. I know several threads have been made in this regards with most of them moribund. I created this post because I feel so bad regarding what happened in my country. As you can see in this post and the video in it, the state government demolished an entire estate with several buildings and properties inside. This is peoples investment that just got destroyed. This was a property approved by previous administration but demolished by new government...another risk many people do not put into consideration in real estate and some other physical investments. This is a confirmation that Bitcoin is safer and better than many conventional investment portfolios. Anyone still doubting the freedom, comfort and peace that Bitcoin offers is probably yet to embrace reality. |
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The way you carry out this matter eh, e con make the gist Dey funny for reason but, na real matter, e Dey happen and people are falling victim.
E no funny o, those people show me shege walai talai! E get one them add me for radom Telegram group where them dey trade among themselves using the plenty admin them as escrow. I observe them for sometime come dey think say them legit. I cone say make I buy from them, na so they obtain me and quickly ban me for the group. E be like say make I faint. As I no die for scammers hand, I know say I go live long. The way plenty people Dey form vendors with best rate, even unimaginable rate cef, Dey peg price at where dollar value never near suppose Dey fear person but instead, you fit fry moved by greed and maybe because, you no sabi use P2P on exchanges and possibly no just know nothing.
I no fit forget one Emmanuel Diala wey use this format of cheap price obtain me N155k wey person give me to buy Bitcoin for him. The guy advertise very cheap rate for Facebook, I no know say na trap. I fall yakata for that one and luck wey I get that time be say I been get money to take pay the person wey him money loss. I gat pay back without telling him what happened to save my reputation. Omo when people like us wey them don chop mugu open mouth talk, you go know say the street no get joy at all. |
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I understand that gambling shops are popular in some parts of the world like Africa and Eastern Europe... people visit these shops to place their bet via agents of the big casinos and betting companies. A good percentage of those who patronise these shops are the elderly and less educated people who do not know how to go about registering and playing online. So they are constrained to patronise these shops.
A good number of knowledgeable players use these shops to stake games. Mostly for virtual games. The interesting thing about gambling shop is the social activities. Some gamblers would want to discuss with other like minds. It's fun. I agree with you regarding the social activities and fun part of the gambling shops. Just like you said, VFL is one aspect of gambling that is booming and mostly played in the shops even though it is also played online. However, that does not remove the part that majority of those who actually gamble in these shops are the least educated and probably the elderly. I have visited such shops on several occasions just for the fun part of it but even while in the shop I gamble with my phone online. I replied you just to make this clarifications so that we are on the same page. |
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Any of those who bought around $69k that still holding till now truly believe in Bitcoin and probably did not buy under pressure. This is because those who bought the hype of 2021 had already sold at loss and moved on. It is as easy as that and it's not going to change soon...
When Bitcoin returns to $69k, I don't think there will be any selling pressure instead, it will confirm the expectation
S of many people who believe that Bitcoin will hit $100k... this is where I expect many of them to liquidate their assets.
Nevertheless, even if Bitcoin gets to $1m, there will still be those that will HODL and never sell off.
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Hodling is something almost everyone in the Bitcoin ecosystem wants to participate in,and therefore the use of cold wallets and hard ware wallets which deem to be more secure is necessary.However how really does one keep his hodling wallet secret from the internet with the open source nature of Bitcoin. For instance assuming you have multiple Bitcoin wallets and a particular HODLING wallet which you fund using the other wallets(the multiple wallets), using block chain explorers to inspect the transaction history of the other wallets will give a trace to the hodling wallet and therefore give someone the ability to monitor the assets in your HODLING wallet .How then can this problem be solved?
Unless you move your Bitcoin to a centralized exchange where you have submitted KYC, I don't think there is anyway a Bitcoin address can be traced to you. They could see the assets and the movement of funds from the public explorer but when they do not know the owner of the wallet, I don't think there is any problem to this. Of course someone may suggest Using mixers to run the transactions how ever is there any other alternative way of moving funds to a hodling wallet from other wallets without any trace?
Mixers are still your best bet if you really do not want your wallet to be monitored. They are cheap to use and readily available. So to me, I will suggest you continue using mixers to get clean Bitcoin without being worried about being monitored. There are several mixers in the services announcement section of the forum. You can check the thread for Sinbad mixer to understand in detail how it works. Alternatively, you can visit sinbad.io and you will see all the information you need. It is pretty easy and straightforward. |
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I understand that gambling shops are popular in some parts of the world like Africa and Eastern Europe... people visit these shops to place their bet via agents of the big casinos and betting companies. A good percentage of those who patronise these shops are the elderly and less educated people who do not know how to go about registering and playing online. So they are constrained to patronise these shops.
Just like the experience you narrated, the risk of gambling in these shops is high and I have seen a couple of times where the agents ran away especially when there is a major winning.
The best they can do is to report to the police, who will take a very long time to find the agent who would have ghosted to a very interior village or probably travelled abroad.
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This is the luck aspect of gambling... totally more than her expectations. I have seen a couple of people who made life-changing fortune from gambling but I have not been too lucky to make huge amount of money from gambling. I don't know if I should change my strategy or just make adjustments that will enable me aim for huge fortune. I am not lucky in lottery or any gambling casinos but way back in 2017 the only luck I encountered was I gambled with the risk of joining bounty hunting on this forum and it is worth it.
I am struggling to understand how you gambled with the risk of joining bounty hunting. Maybe you can explain better so we are on the same page. I understand people gamble for various reasons but I have not read about the connection between gambling and bounty hunting. |
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According to this report, SEC is not going to appeal about the recent ruling that they, SEC was found to be wrong in rejecting the application of Grayscale to create a spot Bitcoin ETF. The District of Columbia Court of Appeals in Washington in August ruled that the SEC was wrong to reject Grayscale’s proposed bitcoin ETF, in a case that has been closely watched by the industry which has been trying for a decade to advance such products.
The SEC’s decision not to appeal likely paves the way for the agency to review Grayscale’s application. https://www.cnbc.com/2023/10/13/us-sec-does-not-plan-to-appeal-court-decision-on-grayscale-bitcoin-etf-source-says.htmlSo I guess this is a win for Grayscale already and we might see eventually SEC going to approved spot bitcoin exchange traded fund (ETF) in the future. Although they will have to go to the process of reviewing the application again, but perhaps the chances could be good that we will get an approval and it could set a precedent as well as there are several other asset managers, including BlackRock who also filed for similar ETF. I know that Bitcoin ETF will eventually be approved but what was not clear was when. With this development, it is obvious SEC will be approving the Grayscale's ETF thereafter others will follow. And again, the argument that it could be one factor that could initiate the bull run next year, if we will have a approval in 2024.
I wish more than anything that the approval will happen same year as the halving (2024). If this is the case, we will see astronomical explosion in price that will transform a lot of lives. |
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back in the day , I tend to believe that Investing in crypo is like gambling but not when i started to understand like how you explained here .
that this is like fruit bearing trees vs Luck .
I will suggest you be specific with the terms so you don't confuse Bitcoin for shitcoins as many people tend to generalize all under the word "cryptocurrency". While it is easy to loose money in shitcoins, the chances of loosing money in Bitcoin is very slim especially when you have long term plans. So, it is totally not perfect lumping every digital assets under crypto for the sake of clarity even such as I have explained. Certainly, it would be unwise decision, as suggested by @Jay to invest money in Bitcoin (highly volatile and risky asset) that is meant for essential expenses. It can indeed lead to financial trouble. Therefore, the key takeaway is to prioritize financial stability and have well thought out investment plan that doesn't jeopardize immediate needs.
Two things is involved for investment, either you lose or you gain, losing is totally the one you are emphasising that will put you into trouble why gaining will make you to think investment is all about luck and it's based on priority, I don't have much to say in investment of cryptocurrencies and for it's bitcoin because investment in bitcoin is like someone who is in five story building upstairs trying it's luck of jumping out from upstairs of five story building to pick so billion dollars, so making such decisions of jumping from high magnitude, The reality is that you only loose in Bitcoin when you sell. So, we can say that Bitcoin presents an exception to this rule of investment. Check price history of Bitcoin to see that it has maintain good gains over a period of some years. Conventional long term investments require at least five years to break even and evaluate for profits. Giving Bitcoin this five years interval, Bitcoin have maintained upward trajectory meaning anyone that would have invested in Bitcoin for the past five years would have been in substantial profit. If Bitcoin follows the market cycle and halving events, we might see a price shift to new highs and this will further demonstrate the superiority of Bitcoin over other investment portfolios. Even though no one can predict the future, there is a possibility we might see price of Bitcoin respect the market cycle. |
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This is truly an extensive explanation for both new members who are just starting their Bitcoin journey as well as those who have been there. It truly cover most of the discussion in various threads I have been following and it is good to see them all brought together under one thread.
I tend to favour long term HODL because I have found that more effective and comfortable for me, which also allows me to maximize profits. In other words, long-term HODL allows me to grow in wealth, and as you know, the feeling that you have aged for the future has a way of adding to longevity.
Considering the little time we have before next year's halving, I think anyone preparing for the anticipated bull run expected to start next year can combine the DCA method and instant execution at key price points. In this way, you would have injected a reasonable amount of money into Bitcoin before the price shifts to a new zone. I have seen a lot of discussion in favour of this approach, and that confirms it is an effective way of accumulating Bitcoin.
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When I first read this news days ago I was surprised or engulfed with euphoria because politicians we know when it gets to this stage are desperate people whenever it's time for the polls they can say anything just to get the sympathy and vote of the masses to their camp. However, if he's been honest with his interest and aspiration for bitcoin should he get elected as president God willing, then that would be a step forward for bitcoin seeing him implementing his promises as spoken on the account that politicians can be saying another and be meaning something else different.
I doubt that will be the case with him because from the comment of the OP, the Bitcoin community is too small to determine the outcome of the election. Meaning, he will be taking a big political risk thinking that pacifying the Bitcoin community could earn him the presidency. So, I would say his love for Bitcoin is genuine. Whether he will win or not, is way off my limits to know as I do not see him as a serious contender to Trumph and Biden. |
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AI generated post is not really your opinion and there are high chances you will not even learn anything from the conversation neither will you understand in details, what you posted. In other words, AI will make you practically lazy and that is not how to grow. Besides, AI generated posts are easy to notice and by that, it bring a bad reputation to you and whatever you represent especially in a forum like this where your opinion is needed and mot someone else's.
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We have to imagine some life mystery as we are living, have you asked yourself of investment profit and investment loss. The mystery is behind the both when it occurs. Right now I'm thinking to myself of my investment and if only investment i have is bitcoin, and when I'm no more who will manage my bitcoin investment and how will my family know about my bitcoin investment, when I was ill, I was asking myself series of questions in my mind.
> should I show my family my seed phrase ?
> If I die who will take over my bitcoin since nobody knows my seed phrase?
So I'm asking if it will be good to show any of your family person your seed phrase or should we keep having the secret of your seed phrase personal.
You are the one that can answer it, whether you let your family or at least your wife or your partner in your little secret about Bitcoin and the seed phrase. And that is if you really trust her to give everything even if you are still alive. As far as your second question, maybe you can dig on this old threads here: I believe there is already an extensive discussion in those threads with several suggestions made that can be implemented even by those who are not tech savvy. Even though some of those threads are locked, I don't know if there is any new discoveries that can be discussed here. |
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That's when they should appreciate the use of Bitcoin as money because it is not subject to inflation. The value will continue to increase as time goes by. The US government if given a choice, they would remove Bitcoin from existence because it is a threat to the hegemony of the US dollar, but they cannot do so because of the decentralized nature of Bitcoin.
Even Bukele admits that any country will need time to achieve prosperity. BUT planting seeds across the country is the right way to make improvements and that includes educating or creating a skilled workforce for all citizens, especially the younger generation.
I appreciate you trying to praise Bitcoin and letting people see reasons to own it, but you are just out of the line in many of your writeups just like many others here on BTT. Overemphasizing things is very bad as far as I'm concerned and is misleading people. There is no threat to the USD from Bitcoin, neither is there any threat from Bitcoin to the USD, the two have to continue to cohabit in the financial stream just like other assets before Bitcoin without any show of hatred that you people are pitching them together with. I don't really know where the thought that Bitcoin is in competition with the US dollar cane from. I don't think Bitcoin was created to replace fiat let alone kill the it as many people, including influencers like Robert Kiyosaki, enjoy saying. It was just created to provide alternative means of carrying out financial transaction in such a way that it will not be controlled by any entity... paving the way for a free and borderless world. Mind you, if the US citizens have more Bitcoin, it's a plus to them rather than the way you are viewing it as if it would cause economic issues and hence hatred for the coin. Even the US government owns their Bitcoin, so what?
Let us stop misguiding people and appreciate the fact that the US government is one of the world powers that still support it. Or do you think if they declare a ban on Bitcoin today, it will be easy for the price of the coin judging by their standing in the world's politics and economy? China and some countries did theirs without hiding but the US never did such but finding ways to regulate the use and business around it. The citizens of the country are also one of the greatest investors of Bitcoin in the world, at least we should give them that respect.
To further add to this, the much awaited ETFs are all US base or US focused. I think Europe already had one ETF approved which did not do much to the market. On the other hand, the moment one of the US ETF receives approval, you will see the immediate response of the market... this shows how important the US is in the scheme of things. |
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Nigerian court don convict one man wey pretend to be a peer-to-peer (p2p) cryptocurrency trader wit social media platform him create using a female name to de scam unsuspecting public pipul wey wan try gain interest for crypto wey we dey normally call dem newbies.
Me don fall victim of this thing when I been no too sabi. Them don obtain me tire. Na just God help me to still be in cryptocurrency today if not, I for don run since because I see wetin no good for scammers hand. Now wey my eye don open, I no fit buy from people wey no dey verified again... you no just fit open social media come dey sell Bitcoin to me when I know where I fit buy am safely. Economic and Financial Crime Commission (EFCC) nah catch de go court com nack am charge borderin on cybercrime and de man agree say him guilty as charged. According to the scamma him tok say him don achieve wella from dis illegal buzinex for monie wey reach $2000 from him victims. Na so court com sentence am to a fine of #200,000.00 (two hundred thousand naira). SourceThis na the problem wey dey we Naija, bad behaviour no really get serious consequences. How person go obtain $2000 which is almost N2,000,000 as of today price, you dey fine am N200k? Imagine fine of 10% of wetin him don steal. The guy don make profit na and if na like this, more people go get morale to do evil more. Make we just dey careful make them no use us shine sha because if e happen, government no fit help. |
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One of
What's the point of HODLing bitcoins? Do you think that if we all hold, the value of the coin will go up? Why do you expect increased demand for Bitcoin in the case of Hodl when there are alternative cryptocurrencies? There is no point in holding money, money has to be in circulation for new products to be created and for services to be done. That's how this world works and functions.
One of the points why people are hodling Bitcoin is because Bitcoin is a solid asset and the price always recovers in value after a decrease. Wealth comes from waiting, people will not like to invest their money on shitcoins and lose their money in the course of waiting through a rug pull or the price of the shitcoin dropping by -90% and not recovering again. People choose to buy Bitcoin and hold it for years because they know that holding Bitcoin's safer than hodling a shitcoin Yes, that's what I know, Bitcoin has always experienced a high increase even though there are times when it has decreased due to several factors affecting the market, but compared to shitcoin, bitcoin is more likely to be promising with a bullish phase that can always dominate in recent years, just look at how the fate of investors who absolutely do not miss any opportunity related to opportunities in bitcoin. They managed to achieve sufficient or even significant profits. Your comment completely agrees with Bitcoin dominance history which as can be seen shows Bitcoin dominated from inception until 2017 that is regarded as the birth of altcoins that say Bitcoin dominance dropped to 41%. As expected, from 2017 onward, there have really been a serious back and forth swing on Bitcoin dominance and this can be explained by some people making so much profits from altcoins at some point and others also loosing to altcoins too... a pure case of proliferation of altcoins. One interesting thing to note is that from 2021 it got saturated after which the odd started tilting towards Bitcoin. Probably people started waking up to reality that Bitcoin is the real deal as many of the shitcoins that promised heaven and earth in terms of used case, scalability and all manners of congestures failed to deliver. Even founders of these the shitcoins would have converted significant portion of their holding to Bitcoin and this explains the steady rise of Bitcoin dominance. As of today, Bitcoin is dominating approximately 50% of the market in a market where we have over three thousands altcoins. This is a pure indication that people are rapidly adopting Bitcoin. |
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