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May 15, 2024, 12:35:39 PM *
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1  Bitcoin / Bitcoin Discussion / Re: Do you trust bitcoin holders? on: May 09, 2024, 04:56:23 PM
I am a HODLer. No, I am not antigovernment. I see inherent value in Bitcoin and do believe it can transform finance for us. I have been investing in other coins as well and while crypto is definitely a volatile market, there is so much to learn and so many opportunities for significant gains. You just need to have the right tools and resources at your disposal.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will always Survive on: May 09, 2024, 04:53:52 PM
I agree 100%. There's inherent value in Bitcoin. You have pretty much summed up why. That said, I also think you can benefit from diversifying your portfolio and investing in altcoins as well. After all, when Bitcoin's value rises, the alts always follow. Naturally, one should study the alts out there and make informed choices. I use a crypto trading bot to ensure my portfolio remains balanced with the right percentage of BTC and promising and established altcoins to maximize my profits when Bitcoin reaches 100k.
3  Bitcoin / Bitcoin Discussion / Re: What is bitcoin for you? on: May 09, 2024, 04:50:29 PM
An exceptional store of value. Nothing else compares right now. The beginning of crypto and the future of finance. I am hopeful that we will cross the 100k mark as well. I recently did a post on Bitcoin's value in comparison to gold and lo and behold it beats gold by a mile: https://r100k.com/blog/bitcoin-vs-gold-the-ultimate-investment-showdown
4  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Should I buy ALTs now or no? on: May 02, 2024, 05:36:35 PM
Right now is the perfect time to buy alts and even bitcoin. Everything is down. The market is undergoing a post-halving correction period. I think every invesor should do their research and invest in coins that have massive potential, alongside relatively safer options, and of course BTC for a diverse and strong portfolio. This is what I have done by investing in my crypto fund. So far, things have been good and right now I am just waiting for the next bull run so that the R100K community can truly see the gains!
5  Bitcoin / Bitcoin Discussion / Re: Don't invest in Bitcoin because others are investing in Bitcoin on: May 02, 2024, 05:32:53 PM
I think this is true for any investment. You should only invest in an asset after you have done thorough research instead of following someone else blindly. After all, it is your money that you're investing so if you suffer a loss, it will be your loss and not the person whose advice you followed. That said, I have invested in a crypto fund that has done well to diversify my portfolio so that I have high performing altcoins alongside bitcoin and can enjoy maximum profits.
6  Bitcoin / Bitcoin Discussion / Re: Do not get discouraged by the current price of Bitcoin on: May 02, 2024, 05:30:46 PM
This is something that has happened historically as well. I keep telling R100K community members to not be discouraged. This is just post-halving price corrections. Bitcoin achieved a new ATH a month before the halving, which is why there's been a significant dip after the halving. More importantly, the bull run doesn't happen directly after the event. It takes a few months. So, my hopes are high. You can even benefit from the dip by investing in the right high potential coins and bitcoin so your portfolio remains diverse. I have invested in a crypto firm that offers great returns and promises maximum profit when bitcin reaches 100k., so I'm in it for the long haul!
7  Bitcoin / Bitcoin Discussion / Re: Why you should only hold Bitcoin on: May 02, 2024, 05:26:59 PM
I somewhat agree with what you've said. Bitcoin is the only "reliable" coin that you can hold for the long term. However, it doesn't mean that people should stop investing in other projects. A diverse portfolio is always better than hedging your bets on just one coin or asset. I also see potential in SOL, ETH, and other altcoins. Of course, research is crucial and you must not invest blindly.
8  Bitcoin / Bitcoin Discussion / Re: What is you research process for events like bitcoin halving ? on: May 02, 2024, 05:23:36 PM
I start with a historical analysis. I read up on past trends first and foremost and then look up what reputable industry names, i.e., analysts are saying about the event. For instance, right now many investors are worried about the price dips, but having done my research I understand that it's expected after the halving. It's just price corrections and even if the price dips further, it will recover during the bull run. I am also hopeful for bitcoin to achieve a new ATH this year as the post-halving bull run is yet to come. Historically as well, the bull run comes a few months after the halving.
9  Bitcoin / Bitcoin Discussion / Re: Suddenly I'm curious, do I need to pay taxes on Bitcoin income? on: May 02, 2024, 05:18:44 PM
Hey, so you do have to pay taxes on your income but it does depend on your country. If you live in the U.S. you will have to pay capital gains tax. That said, there are some ways in which you can reduce the amount of tax you have to pay or even bypass it legally. You can read about them here: https://r100k.com/blog/how-to-avoid-cgt-on-cryptocurrency
10  Alternate cryptocurrencies / Altcoin Discussion / Re: What's in For Altcoins after the Halving? on: April 29, 2024, 07:08:05 PM
The halving always gives way to a new bull run, which might happen a few months after the halving. When the bull run comes, the altcoin season follows. The price to BTC increases, which brings more interest to the crypto world in general. Sine Bitcoin is out of reach for most people, they turn to altcoins to make quick money. The increased demand leads to a price hike across the board. So, altcoins benefit from bitcoin's high price and their price increases as well.
11  Economy / Speculation / Re: When will the real bull run begin? on: April 29, 2024, 07:05:28 PM
I understand your sentiments, but you have to be patient. Historically Bitcoin's price doesn't increase right away after the halving. It does take a few months, always. My estimation is that it will get to a new ATH by the end of the year. Analysts are saying it might just cross 150k. If you have been HODLing for this long, what do a few more months matter. Try to be patient!
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are more people getting excited about memecoins? on: April 25, 2024, 08:52:12 AM
It's because meme coins are all the rage again because of the social media speculation and halving effects. Plus, due to the pump and dump nature of meme coins, many call victim to scams as well. The profitability factor is definitely attractive but I think only seasoned or really lucky folk are able to profit from them because they are such high risk investments and the dump can happen at any time
13  Bitcoin / Bitcoin Discussion / Re: Will the number of new investors reduce? on: April 23, 2024, 06:50:28 PM
It can happen, especially if the newbies fail to understand that a major part of being a btc or crypto investor is the waiting game. It's all about being patient, buying the dip and investing even when the price is high (for BTC only) and then HODLing till the bull run and beyond. In my case, I am waiting for the 100K mark and then will HODL some for the 250k point. It's all about knowing the worth of bitcoin.
14  Bitcoin / Bitcoin Discussion / Re: What will Happen to crypto market after Bitcoin halving?? on: April 23, 2024, 06:47:52 PM
You are right about the newbies getting confused. I have been telling the R100K community members to wait patiently for the upcoming bull run, which will give way to the altcoin season as well. I have faith bitcoin will cross 100k in the next few months and if not, then the end of the year. Some analysts are also saying it might cross 250k, which I think it won't do this soon. That said, you never know with crypto. So, fingers crossed for good things to come! Regardless, I will continue to HODL.
15  Bitcoin / Bitcoin Discussion / Re: Are you increasing your bitcoin investments because of today halving ? on: April 23, 2024, 06:43:39 PM
I keep investing regardless of the time - buy the dip and the high. Also, I continue to HODL because I have faith it will cross 100k, if not in a few months then by the end of the year and will probably continue to hold till it crosses 250k.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: What's in For Altcoins after the Halving? on: April 22, 2024, 06:52:32 PM
I think it is too early, even for Bitcoin. The alt season will start once Bitcoin soars post-halving, which can happen in a few days or months. While no one can tell how things will progress, I would suggest keeping a diverse portfolio and watching out for high-performing altcoins so you can invest in them and keep your investment risks minimal.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin halving, historical price surges to follow? on: April 22, 2024, 06:50:42 PM
I dont think it's going to happen right away. IT will take a few months. m assuming we will have to wait and watch, but I am ok with that. I'm in it for the long haul and trust Bitcoin to soar
18  Bitcoin / Bitcoin Discussion / Re: What if they centralized Bitcoin? on: April 22, 2024, 06:43:33 PM
While you have clearly given it a lot of thought and time, OP, I don't think it will happen. Centralizing bitoin goes against its essence. Its selling points are that it is decentralized, secure, and verified. Centralizing it would defeat its very point and the allure it holds over crypto investors as the original decentralized currency.
19  Bitcoin / Bitcoin Discussion / Re: Now that Bitcoin halving have been completed, what next? on: April 22, 2024, 06:39:01 PM
The price of Bitcoin will hike. Analysts are positive. It's early days but it will happen. I'm in it for the long haul. HODLing till we teach 100k and then the next goal will be 250K. The alts will go up as well, but not before BTC.
20  Bitcoin / Bitcoin Discussion / Re: This will be my first BTC halving on: April 19, 2024, 11:03:55 PM
Happy halving indeed! Right now it's all about the waiting game, hopefully BTC will mark a new ATH this year and cross 100k. Analysts are even more optimistic. I am all in for the long ride though.
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