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Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
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There is no how, you must have one or two trusted persons that is secretive which you can rely on for your Bitcoin WILL people you know can never disappoint you,but stand firm by you and your family when you are no more.
Do not trust anyone accept parents and spouse. In some cases , even spouse betrays trust after death so still that is not 100% full proof. |
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Is there a provision for increasing available merit every year by some amount? This is needed because new members are also joining the forum daily and thus the available merits quantity should be adjusted accordingly.
It sounds like you're saying that inflation is needed for a growing society.  I personally don't like the whole merit sources thing but understand that it would get abused if it were fairly distributed to everyone. I digress... There is a certain level of inflation built into the system naturally, as people can send merits to others just by earning them (and amounts are raised if all merits are used). I think your comment assumes that merit doesn't get recycled, but it does and quite heavily among certain subsets of users on these boards. Due to these fundamentals, I would assume that merit numbers will continue to grow. The only way it doesn't is if merit sources aren't distributing all their merits, which I am guilty of. Most of the points you raised in this reply , I agree with. But you did not touch the main issue I raised with reason. That is more members are joining the forum and that is the reason why merits should be increased every year. Do you feel this need is currently being addressed in some other way I am missing ? |
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You are corelating two completely unrelated things. The timings is same but covid and bitcoin price movement are not related. Whales did not spend money to spread covid so as to get bitcoins at cheap prices.
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The most important benefit of bitcoin is that it is not associated with banks and is thus safer for people. They have more control over bitcoin in comparison to fiat which is controlled by banks. What you are suggesting is just opposite of this and thus people will not appreciate this.
There are already exchanges where you can store and trade bitcoins. But I suggest you to use hardware wallets to store bitcoin so that you have full control over it.
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I am not sorry for your loss. If you are careless with 100 bitcoins which is worth millions at current prices, you deserved to be parted with the money sooner or later. Hope you learn from this in future.
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Bitcoin is currently undergoing a correction back to the $60,000s. Around $68k now, got down to $66k.
This is the time to buy before the bull run really gets going. This MIGHT be the lowest it gets. While a deeper fall during this correction, or another correction in the near future, is certainly possible, this might also be as low as it gets. After the near future, the only time it might get this low again is in like two years on the next bear market, and these prices may be the bottom of the bear market.
So anyone who has money sitting on the sidelines and who wants to buy Bitcoin, today is gonna likely be one of the lowest days we're gonna see for at least the next 18-24 months, and maybe forever! Buy!
No one can predict if this is the last dip or it can go down much from here. I think everyone should keep investing based on his capacity and risk taking ability. There is no benefit in trying to time the market. On the other hand, if you keep accumulating regular irrespective of peaks and corrections, you can store a good amount of bitcoin which will be very valuable in long term. |
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Hello, Everyone
I'll keep this short.
What does BTC mean to you?
Some may say freedom others say hope in a world of restriction, love to hear your responses. BTC for me is 1) An investment option. Earlier my investment was limited to mutual funds and Fds but now I have included bitcoin and crypto in it as well. So far, it has given me better returns than mutual funds. 2) Payment option: It also acts as a payment option for me. I accept bitcoin from number of clients for the services I provide. There are some clients who prefer to pay me in bitcoin only. I also pay for some services like hosting with the help of bitcoin. |
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 Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding, some claimed Bitcoin was on the road to irrelevance others said it was dead. I could understand and agree with them because the value of bitcoin had peaked at USD 69,000 in November 2021 before falling to USD 17,000 as at the mid-June 2022. After that time, the value had fluctuated around USD 20,000. And the same media claimed it was an artificially induced last gasp before the road to irrelevance. It seemed true as the FTX bust had sent the bitcoin price to well below USD 16,000. Later in 2023, Forbes headline crushed the confidence of many Bitcoin enthusiasts, saying if ETFs managed by asset managers are too successful, they will completely destroy bitcoin. Other sentiments like Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers and that the approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment. Yet today, I saw the image above and it suddenly got the question into my head, Is Bitcoin still dead? We've all seen how Bitcoin has weathered through all the critics and FUD to breaking above USD 70,000 steadily since the beginning of 2024. There's all indication it's headed toward USD 100,000. What are you all thinking about these feet. Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts? ALTs can also give very good returns but they also come with higher risk. There are chances that you will loose all your capital if you invested in some shit coin and it has happened to many investors so probability is very high. With Bitcoins, returns will be moderate in short time and exceptional for long term holders. Also, there is stability that you are not going to loose your capital by investing in bitcoin. Support levels are properly held in case of bitcoins. |
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I am into bitcoin for long term now. Will not make the mistake of selling for instant profits like thousands of past investors. Always look for bigger picture and think long term when investing in bitcoin. We may see the price of 1 million per bitcoin in few years and if we exit at $100k , we will be in lot of loss.
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Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
Only the massive withdrawal will not decide the bitcoin price. What happens because of this withdrawal will have a number of effects and everything is interrelated. Like , suppose, there is massive withdrawal of bitcoin which means supply with be more than demand and prices of bitcoin will go down. But as prices of bitcoin goes down, it will appear as an opportunity for other investors and they will start buying bitcoin. So , at that time demand will be more than supply and as a result, price of bitcoin will increase. Also, there are many other factors which can influence the price at the same time. |
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Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.
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Is there a provision for increasing available merit every year by some amount? This is needed because new members are also joining the forum daily and thus the available merits quantity should be adjusted accordingly.
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There are enough merit sources and merits in circulation for a fair distribution of merit. More merits in circulation would mean more merits in the hands of merit abusers which isn't something we would want to see happening around, do we?
Not true, the merit abusers or spammers are not going to get merits at all as merit sources will never spam spam posts. So, it will be the good posters who will be rewarded if there are more merits in circulation. |
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This is only for short term. In long term, I will still bet only on bitcoin. Bitcoin has a number of advantages over the altcoins. In fact, making a comparison between bitcoin and altcoins is foolish. If there was no bitcoin, these altcoins would not have even existed. Majority of the new crypto investors start with bitcoin. Some might feel that bitcoin cannot give as high returns as altcoins but there is safety aspect also and bitcoin beats other coins in this aspect.
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The part that many new investors are missing is there is no loss with bitcoin until you sell yours at a lower price than you buy
The most important thing to ensure this is to ensure only extra funds that one can afford to loose. Otherwise, if you are spending your daily needs money on bitcoin and in future there is major correction, you might still need to withdraw for some emergency. But if you are spending extra income only, then this issue will not arise. So you should spend only 10-30% of total income which is left after all the monthly expenses. Moreover, if possible, try to diversify in multiple coins for more safety. |
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Hi all! We all seen what Bitcoin was doing for the past month and most of us would like to get some more Bitcoin. I was waiting for a good moment to do that for about 3 weeks and in terms of being the dip it ain't looking good. It was consolidating for so long now! Please share your thoughts on to when another correction may be expected? Thank you and have a good day No one can predict dip or rise in prices of bitcoin. If a person is really able to do this, he need not do anything in his life. And within a month, he will become the richest person with the world with his accurate predictions. We can make a guess based on past trends and current situation. If I have to make a call, I will not wait for a dip here. I will keep buying BTC whenever I have extra funds with me. This will average out the prices as well. Moreover, you will not spend that amount on BTC which is important for your daily needs, just the extra funds are spent which you can wait for to grow. |
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Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.
How do you know that current ATH is the peak for the year. There are good chances that BTC can close to double or triple of current price by the end of the year. I assure you that if you do not buy BTC and it performs well for remaining part of the year as well, then you will surely look like a fool. |
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https://protos.com/owner-of-8k-bitcoin-lost-in-landfill-threatens-to-bankrupt-local-council/I think him lashing out at the city council and threatening to sue them doesn't make bitcoin look good. wherever his hard drive is, if it's in that trash dump i don't see how even a data recovery expert could get anything off of it. it's probably been crushed, cracked, corroded, etc. lost cause. his big mistake was throwing it away in the first place but that was his fault no one elses. he lost those bitcoin a long time ago. and they're not coming back.  I have a hard drive which is about 4 years old. It has stopped working and I even tried to follow internet tutorials and visited customer support offline channel also. But they all told me that it is impossible to recover the data now. And here, this guy is trying for 17 year old hard drive in a much more pathetic condition. I guess common sense is not so common anymore. |
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The best time to accumulate more Bitcoin is in the bear market or when the market is going side ways. Bull market is the time when you actually see your Bitcoin price go up and feel satisfied. It is that time when diamond hands fell confident and continue to keep on holding untill the next time. There are others who enjoy taking profits and others who try to get back thier investments which might have got stuck when they bought Bitcoin at it's ATH. We would see different things happening with different people but those who have trusted Bitcoin will keep trusting it whether it is a bull or bear market.
You are right to some extent. Best time is to accumulate in bear market but for a normal investor it is hard to find out how long will bear market continue and to what levels will price keep dropping. There can be other approaches to investing as well. Like investing some amount per month, irrespective of the price of the bitcoin. In the long run, this strategy has higher chances of giving more profit in comparison to the strategy of chasing bear and bull market. |
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