Another thing about this is my last hope; the bitcoin block halving, which we saw in the past every time the bitcoin block halving is fast approaching, the price is starting to rise or and I can consider a bull run is starting.
The next halving will be very close to CBDC launch + UBI (translation: tons of stimulus is coming), which should also bolster the next bull run. There's also a possibility that institutions & mega-corps are mopping up the market (courtesy of weak hands) as we speak... we'll see in 2025. |
|
|
|
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
It's really hard to predict how long this correction is going to last and when we will hit the floor. I didn't expect for the Bitcoin price to drop so quickly below 20,000 USD, somehow I hopped there would be more support at that level. Right now it seems investors are scared and afraid to touch any crypto coins that aren't stablecoins. Some doomsday investors are already a drop down to 3000 USD like 2019, that is a bit unrealistic for me. Once we are below 10,000 USD I would expect a lot of investors to start buying again. As for technical analysis they see a support level between 14 and 17,000 USD, after which investors should come back to the market. AT 17,000 USD was also the floor that Rober Kiyosaki stated to start buying Bitcoins again. But still, I am wondering who is selling his bitcoins now at 17-18,000 USD, it seems like a bad trade to me. Why not just hold the coins and sit out this bear market? Herd Mentality 101 Most people are dumb animals. |
|
|
|
Πάμε καρφί για 10-11k να γεμίσουμε τσάντες για το 2025;  |
|
|
|
|
We will see in late 2022/early 2023 at most.
Some say 10-11k (which is below 2017 ATH and against historical patterns).
|
|
|
|
Am still thinking what do I really need power for? Can one survive in this present economy with only power? To me I don't see power to be important in this present economy. What is important is money to survive, to enjoy life. Money comes first to me before power, you can have power in life and not still be happy.
Money is one form of power. But, what's more important/ powerful is Financial education. Money comes and goes, bit if you have the education about how money works, you'll gain power over it and can begin building wealth. Correct. Here's why: https://money.com/rich-families-lose-wealth/ |
|
|
|
|
Bitcoin will lead us to Dyson sphere (Type 2 civilization).
Few people understand this, even in the BTC community...
We need to stop thinking that old school energy production is the only thing we can achieve as a species.
|
|
|
|
Αυτή την φάτσα του Mashinsky ποτέ δεν την χώνεψα! Χώρια ο άλλος ο Κορεάτης του LUNA... Για φάπες αμφότεροι (μην πω τίποτα χειρότερο). Τοίχο-τοίχο πρέπει να πηγαίνουν από το εξαγριωμένο πλήθος. Εντωμεταξύ η ιστορία στο Celsius ξεκίνησε από liquidity issue με το stETH (wrapped ETH token). Το διάβαζα χθες και σήμερα έσκασε το κανόνι. Ποτέ δεν κατάλαβα τι ρόλο βαράνε τα wrapped BTC, ETH κλπ.  Δεν βρίσκω καμία χρησιμότητα. Σαν IOU είναι. το μόνο ρόλο που βαράνε όλα αυτά τα "project" είναι να μαζεύουν Bitcoin από τους αφελείς Αυτό βλέπω κι εγώ ξανά και ξανά, αλλά νομίζουν θα την γλιτώσουν έτσι εύκολα; Επώνυμοι είναι και υπάρχει traceability στο BTC. Δεν θα τους πιάσουν; Αν όχι, θα τους λιανίσει ο κόσμος όπου τους πετύχει... |
|
|
|
Αυτή την φάτσα του Mashinsky ποτέ δεν την χώνεψα! Χώρια ο άλλος ο Κορεάτης του LUNA... Για φάπες αμφότεροι (μην πω τίποτα χειρότερο). Τοίχο-τοίχο πρέπει να πηγαίνουν από το εξαγριωμένο πλήθος. Εντωμεταξύ η ιστορία στο Celsius ξεκίνησε από liquidity issue με το stETH (wrapped ETH token). Το διάβαζα χθες και σήμερα έσκασε το κανόνι. Ποτέ δεν κατάλαβα τι ρόλο βαράνε τα wrapped BTC, ETH κλπ. Δεν βρίσκω καμία χρησιμότητα. Σαν IOU είναι. |
|
|
|
Don't forget: money and power is the reason douchebags like Trump grab hot chicks like Melania. No money/power = no bueno for pussies |
|
|
|
Aside from earth, we can also live on mars so it is also possible to carry our bitcoins there. As long as there is internet bitcoins is also functional.
Not possible at all. Earth <-> Mars latency is 10-20 minutes, which would break TCP/IP. 2 different chains would occur... Therefore Mars would need Marscoin. Bitcoin can only work on planet Earth, unless the whole humanity moves somewhere else altogether. An Earth colony far away will not be able to use or mine BTC. |
|
|
|
|
Revolut should be next...
|
|
|
|
Bitcoin's volatility can be safely ignored if invested for many years. The reason why people look at bitcoin with caution may not be volatility at all. Older generations are frightened by bitcoin's novelty and technical incomprehensibility for it. Gold has long been established in the minds of people for thousands of years as an element of wealth and reliability. Investing in gold seems like a habit, whereas investing in bitcoin has long been the preserve of young people, tech geeks and trailblazers (with a few exceptions). The difference between gold and bitcoin is that it doesn't allow you to grow wealth as much and is used to freeze your funds, not to increase them. Also, gold has low liquidity, while bitcoin is devoid of this disadvantage and can be sold anywhere in the world without any examination of authenticity. Although these two assets have some similarities, it seems to me that it very different and it is not entirely correct to compare them. One thing is certain, that the bitcoin number has a finite figure, while gold can be mined in new fields, whether it be the Earth, asteroids or other planets.
Couldn't agree more! It took thousands of years to establish gold in people's minds*, it took many decades to establish the internet for the masses (since 1969/ARPANET), so chances are it won't take more than 10 years to establish BTC as the next reserve currency.  * https://www.youtube.com/watch?v=YHjYt6Jm5j8The adoption curve keeps getting smaller and smaller with every new innovation... Most of the bitcoin holders have been firm in holding it and not gonna sell if it's not needed to be done. It doesn't make a lot of sense to sell assets (unless you're 100% sure you're gonna buy cheaper later on). Just like owning a house... it makes more sense to rent it (passive income), rather than sell it (well, unless you're 80+ years old already)! |
|
|
|
Con όπως λέμε απάτη; |
|
|
|
|
Bitcoin is the defacto digital currency of planet Earth.
It cannot exist anywhere else (even Mars) due to TCP/IP limitations (latency).
|
|
|
|
No this is not true. Gold is mined and discovered every day and we do not know the maximum supply of gold. Even though bitcoin is also mined daily but there is a maximum limit on bitcoin supply.
Secondly, there is not only about scarcity but it is also about purity. With bitcoin, you are 100% sure that it is genuine bitcoin but there is an element and risk of impurity in gold.
Even though I prefer BTC compared to Gold, there are other potential issues with the former: https://itscryptonews.com/industry-execs-claim-freshly-minted-virgin-bitcoins-fetch-20-premium-2/ |
|
|
|
|
Show Posts
