When there are problems in the economy, people start looking for ways to keep their savings. Bitcoin has long shown that sooner or later the value of bitcoin recovers. That's the property of a protective asset. So people start buying bitcoin, and the price rises accordingly.
Indeed, Bitcoin is widely recognized as hedge against inflation due to its limited supply, that's why Investment in Bitcoin is considered an attractive opportunity for transforming one's life. therefore, we should accumulate more Bitcoins, Whenever it goes in significant dips. From a technical perspective, the current price of Bitcoin hovering around $30,257 is considerably higher than 21 days Moving average on technical chart. this is indicating bullish sentiment, and if sustains this price for few few weeks, it is likely to surpass $31,600 which is a strong resistance. |
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Not only the OP's belief in the story mentioned, but I also personally really believe that one day we will take profits at the price of bitcoin surpassing the $10000 mark, our investment perspective as well as our knowledge of the field. This may be different, but the goal of accompanying the market to get profit should seriously maintain it. Really seeing so many FUDs popping up with bitcoin and crypto doesn't bother me, when I understand that investing is about accepting everything that will happen, and whether or not it's about finding a way to limit the risks to your investment where to invest.
It's great to hear that you strongly believe in Bitcoin's potential to surpass important psychological level of $100,000 and I highly appreciate your positive perspective on Bitcoin. Investing involves risks and fluctuations of market that comes with any kind of investment including crypto currencies. In order to navigate these challenges, it is better to take long term approach. By doing this, it can help to ride out short term market fluctuations and potentially capitalize on long term significant returns. |
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Nobody wants to talk about how hard it can be to hold Bitcoin, I was there when I had nothing and Bitcoin was my only hope, the only thing that's worth money at the time was Bitcoin, to spend it was like I no more had a future, I turned into something I was not, I started looking for means of making money without touching a penny from my Bitcoin and in the end I still lost everything.
If I had a job back then, my journey would have been a lot easier, I wouldn't starve myself so much, I would have easily buy more Bitcoin instead of starting another race with Airdrops and Faucets, it was not easy but I am still standing today.
Positive attitude and thoughts towards Bitcoin will work if you have other source of incomes and things that can occupy your time, things will work smoothly and there won't be anything to be worried about.
Your real life story and investment experience in Bitcoin are truly remarkable, specially considering the challenges you faced during the unfavourable economic circumstances . You have set a good example for all Bitcoin investors, and I must appreciate your patience and positive attitude during these hardships for continue holding your Bitcoin investment with strong faith in its ability to reward you significant returns and transform future of your family. |
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Look for what to invest, not what to eat
Eating versus investing is a very interesting and thought provoking topic.In our world, there exists a large population that toils day and night merely to feed enough food to their families. For them the concept of investment seems like an unattainable luxury. It is true that life survival is the foremost priority for all living creatures including humans. However, as human being, we should make conscious efforts to make savings out of whatever we earn, and invest it wisely to foster a hope for prosperous future for our families. |
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That's a good news for BTC. No doubt such steps are not in favor of the decentralization of BTC blockchain for which it was mainly developed but still, such steps are necessary. To migrate the interest of investors and market spectators towards cryptocurrency too. Because most of people are still ignoring crypto and focusing on Stocks, forex, etc.
Certainly, purchasing Bitcoin shares through ETFs means transferring custody and management of your assets to a centralized authority, and it goes against the core idea of decentralization Bitcoin was built upon. However, it is important to note that ETFs are playing significant role for promotion and adoption of Bitcoin by attracting broader range of investors, and ETF of MicroStrategy is a good example in this regard. The rationale behind buying shares of thee ETFs is that, some investors prefer security and regulation provided by these ETFs managements. |
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I think everyone is on the bandwagon today. But I think it's better if we will get a approval from the US SEC itself because it's going to be huge.
And if I'm not mistaken, there are also countries that might have approved bitcoin ETF (I might be wrong though), but all eyes are still in the US SEC. And now that Ripple labs have won their case against SEC maybe sooner or later SEC might bent and give way to crypto with a Spot Bitcoin ETF approval.
Indeed, favorable court decision about XRP is very exciting news for crypto currencies markets. It has generated new wave of optimism in crypto community. The next important event could be approval of BlackRock spot ETF. BlackRock is one of the leading financial institutions with enormous potential to invest in new emerging projects and technologies, their involvement in Bitcoin will potentially propel Bitcoin price to new heights. |
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Belief in Bitcoin has changed your lifestyle, the rest of the monthly expenses have been saved to buy some Bitcoins. This is the right decision in my opinion, positive thinking about the price of Bitcoin in the future can improve your finances when the price of Bitcoin has increased many times. As long as you don't ask for financial assistance from the government, don't worry too much about Bitcoin being illegal in your country.
In the midst of unstable economic conditions due to inflation that has spread in several countries, people's views on the Bank have changed. Investors prefer to save their money in Bitcoin rather than saving money in a bank that is likely to go bankrupt due to not being able to withstand the economic shocks that occur.
Indeed, unwavering faith in Bitcoin is primary requirement for achieving financial stability through this fast-growing technology. Secondly, invest your savings in Bitcoin during the significant dips in its price by using DCA (Dollar Cost Averaging) strategy. Regarding your perspective about banks, it's true that banks are losing confidence of people due to inflation and economic instability. However, banks play an important role in economy by maintaining payment system and providing financing for businesses and projects, hence, we will have to continuously depend on banking system until an alternative efficient financial system emerges and meets all diverse needs of economy. |
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It seems to me that people do want to help their children, but surely not in any kind of way that would screw up the kids own abilities to find themselves, so frequently the parent might not need to finance the kid as much as what might be presumed, but instead attempt to lead by example, and to be somewhat moderate in terms of the amount of finances to provide the kid.. I know that people are going to vary in regards to how much they feel that they might need to dig into their own finances or to budget their own finances for the needs of their kids.
You are absolutely correct that parents often want to support their children financially, to succeed in life. However, it is quite difficult to strike a balance between providing support and helping them to develop their own problem-solving skills to live an independent life. I think it is important for parents to lead by example, and teaching children the value of hard work, responsibility and financial management. In addition, it is becoming important for parents to provide education about Bitcoin and its underlying technology, as there is strong possibility that Bitcoin and its technology will significantly impact the landscape of global finance. |
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Without Robert Kiyosaki's prediction, I personally also believe that bitcoin will have a price higher than $100k after the 2024 halving. We are waiting for that moment and there is definitely hope of getting ATH over $120k, but of course we have to be patient with time and volatility .
An increase in price towards $120k won't be as smooth as a toll road, that it's too smooth for a volatile asset like bitcoin. In fact we can expect some correction to test the new support, while resistance will be tested with increasing demand. I would expect $120k to be reached in less than a year after the halving, but the market needs a lot of money to get there.
I agree with your perspective that Bitcoin can potentially surpass even $120,000, especially considering the important halving event of 2024. The CPI report of June-23 announced yesterday, showing downwards trend in consumer price index. This is another positive development for both stocks and Bitcoin markets. Currently, Bitcoin is trading above $31,000 which is very encouraging. In the context of current positive developments about ETFs, downwards trends in inflation, there is strong possibility that Bitcoin can surpass $45,000 before the end of 2023. Looking ahead in 2024 with halving event, there is likelihood that Bitcoin can break previous all time high of $69,000 and could reach new highs. |
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The news is very exciting for Bitcoin investors and trader. However, as we all know that, it is difficult to predict the future price of Bitcoin, and we have seen many predictions of Bitcoin reaching $100,000 in 2021, that didn't materialize. However, this particular prediction is based on hypothesis of weakening US dollar which is supported by global events such as emergence of BRICKS organization. The member countries of this organization are struggling to find out an alternative US dollar as International currency for global trade. These development can potentially have a negative impact on US dollar and making Bitcoin an attractive alternative. In summary, we can not dismiss the possibility of Bitcoin reaching $120,000 in 2024, however future developments in financial markets will determine, how Bitcoin plays out in coming months and years. |
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I kinda guess that's why its actually called a risk since you don't know the outcome and the only thing that you have is whether it work out or it doesn't and many humans don't really rely on probability. But if we come to look at it, the most successful person today are the risk takers and taking risks is what make you stand out but sometimes like you said these risk always result to negative results. But the only good thing is that we ought to learn from the errors that occur if any risk we take actually turns good but we were too scared to take it.
You are absolutely correct that "No risk No gain" , and if we don't take any risk, in fact we take more risk overtime, as value of our money in banks accounts is depreciating consistently and the interest rate we receive on our deposits fall short of inflation rate. Therefore, taking risk is important to achieve financial stability. However, we must take a calculated risk that can be managed effectively, if the outcome of our investments fails to meet our expectation. |
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since 2018 which is over 5 years when I got information about Bitcoin I have lost lots of opportunity that could have changed my life because I choose to be reluctant from concrete friends advise concerning Bitcoin because, through investment of cyptocurrency many of my pals have been scammed and the downtrend movement in 2018 also got me discouraged so i concluded that Bitcoin was not worth the risk for me.
Your regret for missing out potential opportunities with Bitcoin is understandable. Regret is a natural response, but in stead of dwelling in the past, focus on learning from your expediences and making informed decisions moving forward. Fortunately, Bitcointalk forum provides immense opportunities for learning Bitcoin fundamentals, its technology and market dynamics. Engaging in such discussion and debates can certainly enhance your ability to make well thought and informed investment decisions. By actively participating in discussion with Bitcoin community, you can stay updated with news and developments in crypto currencies space and gain valuable insights. |
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What needs to be considered is that work on the internet does not require an educational certificate, who has the competence, then he will gain a lot of profit. especially for young people who are of a productive age to be able to explore as much as possible about something new, but even though it is easy to get money, many young people are not necessarily able to manage finances well, even though that is also very much needed besides how to get money
Indeed, educational certificate is not necessarily required to avail online earning opportunities, however it is crucial to emphasize that basic knowledge of English language is important, as it is widely used for communication and business transactions. Financial management skills are also essential for effective money management and making reasonable online earnings. As technological advancements is taking place at a fast pace , that makes it important to continue improving your skills through self study or online courses in order to ensure a continuous and sustainable income source. |
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Yes, now there are many ways to make money from the internet and we can take advantage of many platforms for that,
I think we are very fortunate that the development of internet technology is in line with the development of our generation,
but it must be admitted that now more and more people can make money from the internet.
Indeed, internet has opened immense opportunities of earning for earning money online, and this digital economy includes e-commerce, freelancing and many more services. In particular youngers have been quick to embrace these new avenues and explore the leverage its potential. However, it is crucial to develop money mindset and acquire necessary skills to tap into abundant opportunities presented by this landscape. |
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For some reason, the bitcoins price is increasing maybe because investors don't want their money to get affected by the recent economic recession. When they put their money into bitcoins the price will surely increase and will gonna attract more investors to change their minds also now wanted to buy some bitcoins not only to save their money but also to get a chance to multiply it when the bitcoin price will spike due to this event. this is in fact a good thing when they want to increase their money and choose bitcoins to convert it.
In my perspective, Bitcoin is a safe haven for all those who strongly believe in its characteristic of hedge against inflation and one of the best assets to hold for long term, with potential of substantial rewards. Bitcoin price is increasing due to ETT requests submitted by many financial institution including BlackRock. The market has welcomed this move and development has generated sense of optimism and driving increased interest among investors. Currently, Bitcoin is currently trading around $30,700 and next resistance level is around $31,600 which is a strong resistance. If Bitcoin surpasses this level then we may see strong buying momentum in the market. |
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Has the popularity of bitcoins reduced interest of people in stocks?
I think emergence of Bitcoin as a new asset class and its rapidly growing popularity has drawn significant attention of small and institutional investors, despite its inherent characteristic of volatility. Bitcoin's status is a new emerging technology has created sense of excitement among investors. It is widely believed that early investors in such technologies potentially yield huge returns on their investment. Stocks are a different asset class representing ownership in companies and stocks are influenced by various factors such as overall state of economy, company's individual performance and overall market condition. It is possible that some investors may allocate some portion of their investment portfolio in Bitcoin and other crypto currencies, while maintaining their interest in traditional stocks. |
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When someone has a particular wallet which he spends Bitcoins from can he be considered a Bitcoin investor?
Or does the term investor refer only to those who hodl Bitcoin?
The typical perception of trader is an individual who engages in buying and selling in Bicoin or any other tradeable asset for short term gain, relying on technical analysis/charts and profit taking strategies to generate passive income from trading activity. On the other hand an investor is someone who purchases Bitcoin or any other asset after thoroughly understanding the fundamentals and its underlying technology/market dynamics and holds it for a comparatively longer period to realize substantial profit from their investment. |
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Indeed, going through KYC process on Binance is annoying as it entails potential privacy risk. However, this requirement is imposed by the countries in which exchanges operate and it is often a legal requirement of local institutions. Despite this inconvenience ,Binance has played a vital role for the promotion, growth and adoption of crypto currencies all over the world.. If Binance were to face shutdown down, I believe it will badly hurt crypto currency market from short to medium term. However Bitcoin has inherent strength and resilience to survive from such crisis. Eventually it will resume its normal behavior and become stable overtime. |
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Yes, agriculture can save a country from recession when the government Play their major role in the life of the farmers and it can also help the country economy to improve higher in the future by making crops and other food items surplus in the land. With this your Tomatoes plantation farming you displayed here, if you can take a good care of the tomatoes in this season, I think you will earn something good from the farm that will help you to expand your business by investing half of the money on Bitcoin. I think, you have that plan to involve yourself in Bitcoin investment which is profitable if you can take a good step when the money come into your account.
I completely agree with your perspective that agriculture can play crucial role to mitigate impact of recession. However, there are also issues with agriculture sector, such as rising prices of fertilizer and unfavorable climate conditions. Farmers require support from government to effectively handle these issues and make agriculture sector more productive and profitable. Regarding, investing half of the income in Bitcoin from agriculture farming, is a commendable idea, however properly understanding the fundamentals of Bitcoin and its market dynamics is essential prior to make an investment decision. |
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Apart from this tomato farming, I still run a poultry and a piggery farm as part of my agro business. Agriculture is lucrative and comes with alot of opportunities for both youths and adults. Invest in one or more Agro business today and save the world from hunger as well as to rescue your country from recession.
Your success story of agricultural farming is truly inspiring and serves as an excellent model for improving our personnel economies and safeguarding families from the grasp of poverty. Moreover, agriculture, being a labor-intensive sector, it not only generates numerous jobs but also plays a crucial role in our national economy by providing food for human and animal consumption, as well as it is a source of raw material for various industries such as Textile, paper and food processing industries. |
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