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The world economic challenge is getting worse as the day counts, and I'm still thinking if their were to be no bitcoin how would people cope with all the challenges in this modern world. Bitcoin has really come through for people of this days in different way and in different countries.
In some countries where they have serious unemployment challenges many people have engaged in bitcoin to invest and into other aspects of bitcoin, just imagine if their were no bitcoin how will the common man invest the little he or she has. If there were no bitcoin I know their are investment people can go for but it will be something that the rich and middle class can afford to invest. In bitcoin the rich, poor and middle class can go into it, this is to say bitcoin is for every body.

With the recent challenge in Nigeria where the resigni of their currency has caused scarcity of flow of cash which is really affecting the citizens, I know bitcoin will also make a good contribution in this case because lots of young people in the country are engage to bitcoin.

In different occasions of economic crisis in the world bitcoin has always been there to play a good role. Thanks to bitcoin for it existence in this difficult time of life.

Each of us are likely somewhat greedy and self-interested creatures, and I am not really sure what it is about bitcoin that caused me to learn a lot more about myself, because before I came into bitcoin, I had already established dollar cost averaging ways of investing, but there was nothing in my investment history that was even close to as volatile as bitcoin and nothing that was so intricately complex of an investment that had ways in which it realistically could have impacts on a lot of different sectors of the world, so I learn about myself beyond the terms of my cashflow, measuring how many bitcoins I was accumulating (and how), my other investments, my view of bitcoin as compared with other investments, my timeline, risk tolerance, and my time, skills, goals (investment/lifestyle targets) and my abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.  There were other aspects of fields of study in the world that I learned better in terms of game theory, politics, monetary theory, technology, some aspects of reading price charts and attempts at comparative analysis, predictive analysis and other areas, and surely I am not even going to proclaim to have become an expert in any of the many areas that bitcoin seems to potentially touch.

Frequently, when we learn new areas or fields of study, and we might not necessarily realize what we had not known previously, but there can also end up being a lot of ways in which we learn about the existence of many areas that still do not know very well, even if we spend a lot of time studying, and then even studying individuals versus ideas and trying to figure out the extent to rely upon authorities that we might trust and not trust, which may largely be attempts at honing and improving critical thinking skills.  

Many times in this thread (and even in this forum), we have discussed, how any of us might deal with information that we hear about bitcoin in current times, and we cannot even necessarily presume that people know what bitcoin is, merely because they have heard the word or they have heard other people talk about bitcoin in various kinds of ways, so even in current times, there are a lot of people who think (believe) that they sufficiently and adequately know what bitcoin is merely because they have heard the word and they had spent some time learning about bitcoin, yet part of the problem remains that there is a lot of bad (and misleading) information out there, and so in that regard, it could take hundreds of hours of studying bitcoin before starting to assure one's self that s/he is starting to understand bitcoin and to sufficiently/adequately be able to differentiate the better information about bitcoin from the not so good information about bitcoin.  I am not even suggesting that it is easy to do, even though it is quite likely that we are still in a state in which there would be way more people investing into bitcoin if they actually understood it a bit better.. so in those regards, we remain in quite early days in bitcoin's adoption.. and $1 million prices can come to bitcoin fairly easily.. but it is likely still going to take a decent amount of time to get there, and of course, there are no guarantees that the path to $1million will be straight up, or that there will not be a lot of battles and pain along the way, including a variety of ways in which bitcoin HODLers are forcefully separated from their coins, in part due to their failure/refusal to sufficiently and adequately study/understand what is bitcoin.

Don't get me wrong in terms of my seeming conservativism, because I do believe that there are ways to plan for outrageous scenarios, and I do believe that it is better to plot out some kind of plan in the event that outrageous scenarios were to happen in either direction which may well include selling some BTC if the price were to go up really quickly like that... but I surely cannot tell you how much I believe would be prudent to sell, and we are getting off of the topic of this thread.. with such fantasies. .that's for sure, but we are not really off  of the topic of this thread to figure out personal strategies how to plan for the possibility for outrageous events, and if the event seems outrageous, and if you believe that it is 5% likely to happen, then you should not put anymore than 5% of your preparations into such an event.

Part of the problem that I have been finding for several years, is that there are a lot of folks who seem to want to tout these ideas of correlation, which yeah they are likely quite true in the short-term, but the misleading aspect is that it ONLY takes a short-period of non-correlation for those who had been relying on the correlation assertion to get fucked by their own reliance - so I personally believe it is way better to start from a premise that they are not correlated.. rather than starting from a premise that they are.. and in that regard, I hardly give a ratt's ass if BTC prices and equities (stock markets) are correlated 95% of the time, and then 5% of the time, BTC ends up doing a 10x jump in comparison to stocks/equities, and then thereafter BTC ends up going back to being correlated for the next 3-4 years until it is not correlated again for another 10x jump.. . You can look back at the BTC charts and you can see those kinds of patterns of mostly correlation except for those short-periods in which the BTC price jumps up 10x, 100x or whatever, and then comes back down.

. so the fact of the matter would be that anyone who had been largely relying on correlation gets fucked during each of those periods of non-correlation because they might 1) fail to invest enough into bitcoin, or 2) they might sell too much too early.. part of the reason that bitcoin is really early in its adoption levels, and you get all kinds of folks thinking that they are smart when they sell on the way up but then the BTC price does another 5x to 10x after they sold.

For years there have been people who have been basing their investment choices into bitcoin based on what they believe that the fed will do and/or other macro factors, and they have been touting out nonsense regarding how bitcoin prices are correlated to equities, fed rates and various other macro factors like that, and sure there may well be some short term correlation, but a lot of people have gotten fucked because they fail/refuse to appreciate the reality that bitcoin is way less correlated than what the various pundits are proscribing it to be.

Whether you buy the dip, or you DCA.. or you HODL ... or you do some variation of that, if your investment timeline is 4-10 years or longer, you are likely coming across more cash during that time and you are likely witnessing a decent amount of BTC price volatility along the way.. so yeah, if you are able to figure out when and where the dips are, then you are likely going to be better off by being able to time the buying of BTC during the various dips.. yet it seems to me that figuring out the dips and getting it right is not an easy task, so any of us who are in bitcoin for a decent amount of time and are continuing to add to our position with the passage of time, we are likely going to realize that sometimes we are just throwing up our hands and just sucking it up.. and buying at whatever price because we are having difficulties figuring out whether the BTC price is going to dip more and also we might well be able to see that we are accumulating cash with the passage of time and we would rather store some of that cash in bitcoin rather than continuing to hold it in cash and waiting for a dip that may or may not come.

I agree with you 100%, for a new comer it is like mission impossible. They need to figure out the amount to invest? what to invest in and for how long to invest for? and then they need to asses the risk as well. And once it all gets sorted than there comes all the expectations that they will make it BIG in the market.
So the wholesome idea is to plan your strategy, implement it and than brace yourself for the worst outcome. This way the expectations stay low and you avoid making hasty decisions.

When the market creates an opportunity, one can use that opportunity to prepare for long-term investment. If you look at the history of Bitcoin, you can see that after every bull cycle it touches the previous ATH. But this time the situation turned very bad, the market went down more than the previous ATH. So it was a good chance, those who took this chance in preparation for long term investment are already in profit.

So it's really a very big news for us. We think that his month is not very good based on it's previous history. However, we had another one of those big rallies in the market to push the price above $24k again.

 Mein bhi kahoon k bitcoin itnay duno c uper kion ni ja raha tha, bus app kay sell kernay ki dhiar thi aur ab hum ja rahay hein 50,000$ p  

I also consider bitcoin a reliable asset, but without stablecoins, the entire crypto market will be dead.

Monthly DCA and DCA when it drops like that I feel reduces the feeling of disappointment from a drop due to such an accident.
In essence, it is buying and holding bitcoin that you have bought, even if you want to sell it when there is a lot of decline and lots of FUD circulating, but we must not forget history that bitcoin can never be killed by sentences like that.

Actually I don't have data on how many 60-70 year olds are still active in investing in bitcoin with DCA or hoarding in any way to project it but I predict that those who do this are among young people maybe at the age of 20-30 years who are still young enough with all the big dreams of bitcoin as long as they invest it, of course their hope is to buy something that has been coveted so far by buying an expensive house or car in the process of saving in bitcoin but if they set a 10 year HODL then they can get greater profit from the results of such patience.

mera ik Q hay, Kia Future Trading kerna theek hy ?

An this has created a torn in the lives of many as situations keeps on getting worse by the day.
Am wondering if it's same experience in other part of the world.

In my opinion the presence of Bitcoin is a good opportunity to increase income, of course it takes accurate data whether useful or helping my country, what I know is that my country is not banned but also not legalized, all transactions must use fiat even for domestic transactions if using foreign currencies then Can be punished, the same as if in the country transacting with Crypto is also prohibited.