Bitcoin is a really promising investment, I will also add it to my retirement assets and I agree with you guys, we need to diversify, not just focus on bitcoin, that's too risky.
You have highlighted a crucial distinction between saving and investing, and your approach to diversify the investment portfolio demonstrates your comprehensive understanding of financial management. Diversification is a well known strategy and key principle of spreading risks by investing in multiple asset classes. Furthermore, including Bitcoin in investment portfolio is a calculated move, that aligns with its potential for substantial long term gains. |
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It is a noteworthy decision of Fidelity Investments to include Bitcoin in their retirement accounts. This positive development reflects the growing interest of reputable institutions to accept crypto currencies as a valid asset class within traditional investment instruments.
Certainly, incorporating Bitcoin in retirement plan is a personnel decision that should be carefully evaluated in light of inherent characteristic of high volatility. From my perspective, I would lean toward including it in my plan due to its its potential to generate significant returns overtime.
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I can not agree more with your statements and i do know these ETFs will act as a catalyst. But why even in the Tight monetary policies These ETFs will not impact the price of BTC. Because these tight monetary policies are the one that are bringing those ETFs for better adoption of Centralization under the skin of real BTC (means decentralization).
You made a valid point that introduction of ETFs could be seen as an attempt to centralize Bitcoin under the cover of Bitcoin's inherent nature of decentralization, as these prominent institutions will release substantial amount of shares against their real Bitcoins holdings. This is indeed a concerning aspect. it is also important to acknowledge that these shares could serve as a driving force for wide spread adoption of Bitcoin, specially when general public begins to purchase these share in anticipation of making substantial profit in future. |
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Indeed, investment in real estate has the potential to be highly profitable and means of achieve financial success, particularly when approached with intensive research, planning and ability to hold it for extended period of time. The lessons I learned from my personnel experience of investments in real estate suggest that location is everything when we invest in property, and returns on commercial property investment are comparatively better than residential.
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I have already drawn the conclusion long time ago that no matter what happens, I must always have Bitcoin. As a matter of fact, Bitcoin will be the major thing I will pass to my children. I made This thread asking for how to pass Bitcoin to heirs and got wonderful suggestions and recommendations including one made by Ratimov. I am already studying the entire process to choose the best line of action. Your proactive approach toward securing your financial future and commitment to pass Bitcoin to your heirs is admirable. Planning ahead can certainly help in ensuring that your wishes are carried out smoothly. It seems that you are on the right track, and I completely agree with your perspective that Bitcoin would be the big thing and valuable asset to be passed down to our future generations. |
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Have anyone wonder why stable coins are safe all this while from Gensler and SEC, even the government? Why hasn't there any hunt on those centralized stablecoins? Is there something we don't know? Are stable coins somehow settled with the government and SEC behind the curtain?
Because if stable coins was target it will be a enormous hit to the whole crypto market, why haven't such thing happened yet? I also read where the former Binance.US said that the White House is trying to keep stable coins "out of discussions" like they know something.
Is this all about saving their USD? Or they are waiting to create CBDC successfully first before they go after stable coins?
To the best of my knowledge, stable coins are not exempt from oversight of Security and Exchange Commission(SEC) of USA. However, due to their direct pegging to fiat currencies like US dollar or Euro, they are less likely to be categorized as securities. It is important to highlight that regulatory approaches can indeed differ between jurisdictions. |
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There is a dynamic that sometimes exists with people who run out of liquid assets, and they might be considered property rich and cash poor. It is not necessarily a good place to be, even though they might have options that include leveraging their property.. but still such a practice could end up disastrous if they do not have a sufficient cashflow.
The situation you are describing is commonly known as "Being property rich and cash poor". While possessing valuable assets can seem like positive situation, but it can lead to financial difficulties stemming from insufficient cash flow. The solution lies in finding ways to strike a balance between property ownership and liquidity, ensuring ample amount of funds available when favourable opportunities arise to accumulate Bitcoin. |
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This is not something new in fact i think the reason behind the delays have something to do with the halving of bitcoin and what's that relation i can not say for sure but there are two possibilites which are if ETFs got approved then these will act as a boost to the BTC dominance and market cap as the demand of BTC will increase and the second possibility is if they (ETFs) get declined then it will provide another buying opportunity for many investors who still have some fiat in their bags.
Well, other than that, the halving period will still happpen and it will still impact the price of BTC. If there is any other possibility then i am opened all ears. And i can not agree more to your thoughts that i have bolded.
I agree with your viewpoint about possible effects of ETF approval on Bitcoin price. Indeed, such approval can act as a catalyst in boosting Bitcoin's market dominance and marketcap. However, it is difficult to accurately predict the timing of these approvals, although I think eventually it will obtain approval from SEC as applicants like BlackRock are highly influential and heavily funded. Regarding the influence of halving event on Bitcoin price, the prevailing unwelcoming investment environment due to tight monetary policies, I am afraid it might not have substantial effect on Bitcoin price. |
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Politicians are unpredictable and their policies are also dynamic. The last Republican that left the White House was not a fan of Bitcoin. Donald Trump publicly criticized Bitcoin calling it a scam against the dollar. Currently, two Republican presidential candidates Ron DeSantis and Vivek Ramaswamy have shown positive interest in Bitcoin, and if elected bitcoin might get some friendly policies. But a Democrat Robert F. Kennedy Jr has also shown his admiration for Bitcoin. I also hope the US gets a more Bitcoin-friendly President because Joe Biden Administration has not been favorable to the sector.
You are correct, politicians all over the world are known for changing their stance on issues as frequently as the weather forecast. It is worth mentioning here that Robert F. Kennedy Jr., a Democrat expressing admiration for Bitcoin indicates that support for crypto currencies can transcend party lines, and it suggests that potentially this technology can benefit citizen of USA in many ways, such as financial inclusion and hedge against inflation. However, the regulatory process is very complex in USA, and influenced by many factors beyond president's views. |
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Is it actually possible that BlackRock could co-opt Bitcoin by, hiring their own developers - probably even hire some of the Core Developers, incentivize a hash war, convince/buy into the economic majority to cooperate, start a fork, and declare their fork as Bitcoin?
Although a well funded company like BlackRock could potentially make an attempt to influence the development and direction of deeply decentralized currency like Bitcoin. However, prevailing community driven ethos and its highly established principles and practices, make it highly unlikely to alter its intrinsic nature of decentralization or manipulate it. The robust community involvement and their adherence to its well established norms within the Bitcoin ecosystem acts as substantial barrier against such efforts. |
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Going with a well established business will be good when it comes to revenue and the risk will be low. As stated everything will have their pros and cons. In terms of productive development we won't be able to do much in it. Different people will have different choices and mine used to be developing from the scratch. Whether we succeed or not is secondary, it gives a fulfilment like something achieved whenever we reach some milestone. Even the milestone reached can be very simple, but it had come out of our hard work and our plans and the execution taking place in the right way.
When it comes to personnel fulfilment and finding sense of purpose in life, embarking on a new venture is indeed a commendable choice. Achieving financial goals in life is unquestionably important to meet with economic requirement of our daily life but the gratification derived from achieving goals through the journey of creativity is truly indescribable. |
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The decision to start a business from scratch versus purchasing an established business, especially in times of economic uncertainties and inconsistent government polices is very challenging. Both options have their pros and cons and choice ultimately depends on your risk tolerance level, resources, professional expertise and prevailing conditions. If I were to to place myself in your position, I would prefer to acquire an operational business that is generating reasonable sale revenue with well established customer base.
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Everyone wants to be wealthy and everyone knows the fact and the ways through which they can become wealthy but they are not able at start and surely they will do all these strategy one day as poverty does not persist always.
You have brought up important points regarding the challenges that people with limited income face when considering investments in assets like Bitcoin or Gold. You are absolutely right in your observation, however there are ways to improve income through education and skill development. We all have witnessed many examples in our families and friends circles who successfully transformed their lives from unfavourable circumstances by actively pursuing education and improving their skill sets. The present monetary system despite its weaknesses, doesn't pose obstacles for those who are resolute in their goal to make their lives better. |
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Certainly, the understanding of people regarding problems with monetary system depends on various factors such as, level of education, awareness and perspective. However, there are common concerns and criticism that people often raise such as, inflation, inequality in income and debt based system.
Indeed, Bitcoin with its inherent features of decentralization and noninflationary design holds the promise of mitigating these concerns. It is also important to mention here that due to complex technology and lack of awareness among majority of the world population, Bitcoin's wide-spread adoption may take long time to materialize.
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Privilage, is a path that makes it easier for someone to achieve success.
If illustrated, it would be the same thing as 2 people walking in a tall building. 1 person takes the elevator to get to the highest floor (which is then called privilage), while the other person he has to climb one by one the stairs to get to the highest floor.
Excellent example. Your illustration beautifully captures the concept of privilege. The existence of such privileged class does indeed raise concerns for those who diligently strive to raise their societal standing. Nevertheless, it is the responsibility of the governments to enact essential laws and regulations that guarantee every citizen of the country equal opportunities for education and employment, regardless of their racial background, social position or language.. |
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To predict buying an AI company or starting it earlier, I don't think there is an agenda for Elon to do it, because previously Elonmusk had previously been involved with the development of this AI technology, and he chose to leave it, so in my opinion it is impossible for Elon to Now. IMO
You are correct that previously Elon Musk was engaged in development of AI technology but later he decided to quit it due to unknown reasons. It is also true that AI was not so popular in the past, the phenomenon of AI has suddenly captured the attention of general public and businesses involved in IT technology worldwide, after the success of CHATgpt as an effective and powerful tool with numerous capabilities. Therefore, it is possible that to maintain his competitive edge in industry, he might change his stance and rejoin it. |
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Another supporting point is that if you consider bitcoin to be a kind of hedge against the whole system in the context of history in which gold was serving that purpose, then bitcoin has largely taken that use case for gold and is about 1,000x better than gold in terms of its verifiability, divisibility, transportability, securability (and cost of security) and even scarcity.
Your arguments in favour of Bitcoin's superiority as store of value, hedge against inflation and growth potential are truly very convincing. Since Bitcoin emerged onto the global financial stage, its unique attributes have cast shadow over the effectiveness of other assets that traditionally held these roles. The gradual diminishing effectiveness of these assets can be attributed to the profound impact Bitcoin has had on the landscape of global financial system. |
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There are indeed many ways for us to achieve success in this life, it will really depend on us how we set the success targets we want to achieve, as you said we need strong effort and determination to achieve success and we must do it with consistent so that we can achieve success. You are right that successful people have experienced failure many times, but they keep learning and correcting their mistakes and keep trying again so they become successful.
Your perspective on achieving success is absolutely correct. Setting meaningful targets and objectives provides us with a clear sense of purpose and direction. Acknowledging failures as an inherent aspect of the journey to success is equally important. The path to accomplishment is never without obstacles and setbacks and they serve as opportunities for learning and personnel growth. in summary, the journey to success is defined by continuous efforts, unwavering determination and readiness to confront challenges. |
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It seems to me that bitcoin is going to continue to eat gold's lunch, just as it has done in the past 10 years or more, so on an individual level you likely need to figure out how much to waste your time, energy and value to place it into gold... but whatever, each of us need to decide for ourselves the extent to which we might end up diluting our bitcoin investment into things like gold... I would suggest don't waste your time and money to invest any more than 10% of the value of your bitcoin investment into gold, but hey, you can do what you like.
Your observation is valid that Bitcoin can potentially replace Gold as a store of value gradually in the long run.. However, it is important to note that Gold has been considered as an important asset and hedge against fiat currencies since the dawn of human civilization. Furthermore, a significant potion of world population is unfamiliar with Bitcoin, but they know the value of Gold. In this context, it will take long time before Bitcoin can effectively replace Gold. Therefore, it is a good suggestion to incorporate Gold in our investment portfolio to certain extent, thereby achieving diversification benefits. |
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There is a bottleneck when using cryptocurrencies - one way or another we tend to exchange it for fiat, and fiat is the prerogative of the state. Therefore, the state dictates the rules. As long as there are no prices set in satoshi, there is no freedom. The freedom that does exist is elusive. Therefore, cryptocurrency at the moment is just a quick way to transfer the equivalent of assets, nothing more.
Your observation regarding current state of crypto currencies where it has to rely on traditional fiat currencies for exchange and realization of value is, true, and this situation is influenced by government control. This interdependence will continue until cryptocurrencies achieve widespread recognition and acceptance as a global method of payment. As the current fiat currency system is consistently losing the confidence of people due to its inflationary tendencies, we believe that Bitcoin is the best and optimal alternative, and potential path leading towards financial freedom. |
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