Health is true wealth, actually. I really feel your pain about your health, and I hope you will recover soon. Sorry for your health condition. In summary, I realised you have enough patience to drive you into a profit zone. Besides that, your encouragement to learn about Bitcoin will play a major role in making your crypto journey successful. That's the reason why I often advise people to learn more about Bitcoin and consider it an investment opportunity. I believe other users will be inspired by your story. Currently, the DCA strategy is the most popular strategy. Day by day, we can grow our portfolio through the DCA strategy. I can say you are on the right track, and you will be a successful bitcoin investor.
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We need to confirm transactions from which miners generate revenue. So bitcoin transactions won't be zero anyway. It's impossible to stop all the circulating supply at any time. Everyone can't hold Bitcoin; there are traders and businesses running on it. Also, there is an exchange that always makes transactions. So don't think that everyone will just hold their bags and sell.
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Bitcoin wasn't created to solve the financial crisis; rather, it was born to resolve the traditional financial system through centralised control. Bless Bitcoin that we can become our own bank when it's been held in a non-custodial wallet. So I agree with financial freedom. Bitcoin gives us full control of our money. We can move or spend it worldwide without any third-party involvement.
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We have enough FOMO around Bitcoin; hence, we are witnesses to significant moves. I am not sure if we can see $100K very soon or at the end of this year, but I am not overexpecting. My expectation is to reach the new ATH at the end of this year. Besides FOMO, there would be some FUD as well that could pull down the Bitcoin price. That's the reason why I don't expect $100K this year. I know about crypto, and anything would happen at any time. But just grow continuously without pulling back seems against previous history. Or we are going to see a new history if Bitcoin hits $100K at the end of the year, and likely it will look unusual.
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Bitcoin is playing in a quite different way than in previous history. We have always seen Bitcoin reset before a mega pump. But this time we are witnessing the rapid growth of Bitcoin. Today we experienced a yearly ATH hit of $64K and a dump again as well. I have seen Coinbase users encounter a bug and see zero balance on their account. That's why people became panicky and dumped from $64K to $60K again. However, Bitcoin is still pretty strong due to ETFs and new investments.
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Any point of view I don't see any relationship between Bitcoin and inflation. Bitcoin has a store value, and everyone stores or trades it to gain significant profits. It's true that many institutional investors are entering the Bitcoin market, and the market is pumping too. But I don't think this could reduce inflation anyway. Governments control the economy, and they are responsible for inflation.
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This isn't a stupid question at all; this is a very important question to secure your funds. Don't hesitate to ask a question if you don't know anything about something. As others suggested, the best practices always use hardware wallets. This is the safest way to secure your assets. If you don't have enough funds to hold or buy a hardware wallet, then you have to choose a wallet based on your current holdings. Also, when choosing a hardware wallet, you have to make sure what coins they support and whether they are open-source or closed-source.
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If you joined this forum for learning purposes, then you are in the right place. Welcome here. If you joined here for earning purposes, then you are probably at the wrong place. However, no one will teach you here; you have to learn from here. But yes, you will get the desired answers from here. That means you have to struggle to learn; no one will personally teach you anything. If you can dedicate yourself and have patience, then start reading the discussion here and participate in the discussion.
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Holders never lose. So once again, you proved that. So your story is not to waste money by celebrating marriage ceremonies and investing in Bitcoin. I will say it was a right decision at all. The result shows us how your holding has grown. You sacrificed something that isn't mandatory, and as a reward, you got a decent amount from your investment. Also, I think you don't have to wait for a long time. Luckily, it seems the market started pumping when you invested. However still you can keep investing by following DCA strategy and this is the most popular strategy nowadays to build your portfolio.
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If you are trading with a trusted seller, there is no risk unless you go face-to-face. Dealing face-to-face is always risky when it's Bitcoin. Otherwise, the safest money transaction is Bitcoin. You don't need to carry cash or a pocket book to send money somewhere. For investment, Bitcoin is also safe if you can hold your funds in a non-custodial wallet to which only you have access. However, due to scammers, it is very important to know with whom you are dealing. Also, you have to protect your privacy. Don't let others know how much Bitcoin you are holding.
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It's a nice way to skip the tax, but unfortunately, this won't work. Otherwise, everyone will do the same to skip the tax. A deleted account doesn't mean your data will be deleted from their server. Once you try to create another account with your personal details, they will detect you, and it will be considered as your account reactivated. I don't know how Binance will react to that, but a week ago I did the same on a platform. I created an account successfully after deleting it and verifying it as well. But when I try to withdraw, they ask me to contact support. So they verify me and ask the reason why I deleted my old account. So I explain something, and they warn me not to do the same in the future. I believe Binance will do the same, so just be careful. They aren't stupid, and it's not easy to convince them with a false explanation.
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As crypto enthusiasts, we love Bitcoin and want to see it as a legal tender. But we always consider Bitcoin as a currency, and a few also consider it an asset. I agree with both; primarily, it's a currency, and when we store it, we may also consider it an asset since it has a store value. In this perspective, I don't think Bitcoin could play a role in reducing the inflation of a country. Most of the inflation happens due to corruption. So Bitcoin won't stop the corruption or war. Bitcoin could just serve as a currency, even if it becomes legal tender. Trading Bitcoin will be easier, but due to the high transaction fees, merchants will face difficulties accepting Bitcoin. However, we want Bitcoin to become legal tender so we can use it everywhere.
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Due to fees or whatever reason, Bitcoin won't become centralised because it was designed in a decentralised way. A major part of Bitcoin would be handed over to centralised organisations if the fees increased significantly and the general public couldn't afford the transaction fees. But I do not expect this situation to occur; there will undoubtedly be a solution. We saw a few days ago that transaction fees were very high. But it was affordable, at least. Developers will find a solution to transaction fees.
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I regret it when I see that a noteable social media account has been hacked and a lot of money has been stolen from followers. Though this responsibility goes to the owner, they ignore it. A few follower blindly believed them, and that's how they ended up with a big loss. I admit that due to greedy behaviour, we have always been losing funds. So we should be able to detect something between a hack and something real. We should be able to identify suspicious things on social media. We have to cross-check if the shared data is real. We can check their other social media and websites. But due to greed and laziness, we don't do it. As a result, we become victims. So we must be very careful and learn a lot of things to save our funds.
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When you are a newbie, you should have two things: patience and ignore power. Because patience is a common thing in our lives, we always have to wait for something with patience. Good things always won't come faster anyway. The second is to ignore; you have to ignore bad things and criticism from the forum. At the beginning, we won't have any proper knowledge anywhere. So for the forum, also the same. Due to our unfamiliarity with the forum culture, we may make mistakes. We have to ignore when someone criticises our mistakes and should learn from them. That's how we have to focus on learning and become an established member here.
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Usually, bitcoins massively move up after each halving. If you deeply observe the chart after each halving, you can notice that. So I think only two months remain for the halving, and after that, we may encounter a significant move on Bitcoin. Even before that, until today, we have seen Bitcoin pass the $54K zone, and anytime could surpass $60K. Most likely, due to ETF, we are seeing the current green market. So from my experience, we may see a new ATH at the end of this year if everything goes like previous history. Means the history should repeat for a new ATH.
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For me, Bitcoin started a bull run when it crossed the $30K zone. Still, it's been growing; even halving hasn't happened yet. I think, due to Bitcoin ETF approval, the bull run is going fast. Those who accumulated in the last bear season are happy now if they hold on till now. Today we have seen a significant movement on BTC. I am not sure if there is any other reason behind it. But it seems Bitcoin is not going to dump soon before it passes the previous ATH and records a new ATH. I hope soon the most-awaited ATH comes.
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Are you sure eBay is offering to sell or buy Bitcoin? From curiosity, I searched there, but I couldn't see any option to buy or sell Bitcoin there. Just make sure you aren't going to be deceived by scammers. There is no need for any secret words to buy bitcoin. Secret words or seed phrases are for securing your wallet. No one can offer such words to sell. If you find something like this, it means they are scammers. Who has access if the seed phrase means he has access to the funds? Just try to find a legal way to buy Bitcoin. You may use P2P services to buy Bitcoin with your local fiat.
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This is something that I learned for the first time. But it is good to see Bitcoin placed at number 6 on the capitalization list. It's hard to compete with a thousand years' worth of fiat, but Bitcoin did it. I will not be surprised if we see Bitcoin at the top. But whatever Bitcoin did in a short period of time, it's really amazing. A decentralised cryptocurrency without a guardian fighting with centralised fiat currency. That's a reason why centralised governments don't want to adapt Bitcoin directly.
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However, investing for a long time and trading aren't the same. So for those we are trading, we do not often follow the DCA. No doubt, DCA is the best way to build our portfolio. We can get a high return once a year if we can hold it for a long time. DCA seems like traditional Bank DPS system, but Bitcoin DCA investing return would high. For newbies and middle-class families, it's hard to invest a large amount at once. So the DCA is the best way for them. It doesn't mean we can't follow, but it depends on our goals.
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