This month of October has started on a very remarkable note for the entire cryptocurrency market with ethereum almost recovering back to $4500 and Bitcoin seating above $51k price which is a good sign that October is going to be a remarkable month in the prices of most crypto coins, I will like to see your predictions on altcoins market for October which altcoin do you have faith in and what are the indices that will make that happen?
SHIB is doing really well, I think it definitely makes sense to buy some. We’re up a lot over recent days. Obviously hold a bitcoin position, it’s negligent not to. |
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Gold is a crap investment OP, it’s barely moved up in 15-20 years. It’s a dead boomer investment. Crypto is the future, you will make so much more money by buying & holding bitcoin or eth for 10 years than if you buy gold.
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Looking like a damn good hedge against inflation in 2021 & we still have Q4 of the bull run to come. Today has been a great day for bitcoin, up 10% with more to come I think before New Year.
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Day trading is the best way to lose everything. Nobody can guarantee they know how to time the market so the best strategy is simply to buy & HODL. Patience is key in crypto, just DCA (dollar cost average buy) & get on with your normal life. In some years to come you will make big profits.
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Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;
•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
Bitcoin is the future of money & there’s nothing banks or governments can do about it. They either adapt & accept bitcoin or get left behind & become obsolete. |
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I’m not sure how many people from El Salvador use the forum but I’m guessing not that many. I think Bukeke is a legend though & his forward thinking & risk taking is going to be really good for getting the people of El Salvador out of poverty. People doubt him but I think he will go down in history as one of the best South American presidents ever.
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I took up walking during the restrictions & lockdowns caused by covid. I feel a bit fitter but it’s more more good mental health than being super fit. I’m no athlete to put it mildly  |
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We’re flirting with 50k right now, we seem to have absorbed & recovered from all the FUD they can throw at us. Whales have been silently accumulating for months now, there is going to be a supply shock soon & we are going to moon.
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Yet another reason why KYC is a bad thing. Damn, I wish I didn’t sign up to so many exchanges in the past. Obviously leaving a significant amount of bitcoin on an exchange is a bad idea but we shouldn’t have to worry about our personal details being stolen.
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They’re a good investment as in they hold a lot of their value. I wouldn’t want to try & get involved in actively trading them though. There’s also a lot of fakes around too so it’s a risk if you’re buying from non-official sources.
You’re on a bitcoin forum bro, just do the obvious, buy & hodl bitcoin.
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I’ve got an iPhone 13 Pro Max & I think it’s awesome. I mean it depends on your age, if somebody is 80 years old they maybe don’t need to keep up with the latest tech. I’ve had an iPhone dating all the way back to iPhone 3. I wouldn’t change now.
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A number of sports stars were also interested in Crypto lately, such as Tennis Star Naomi Osaka openly interested in Dogecoin. The famous soccer player, Lionel Messi also received a part of his salary in the form of Crypto, namely the PSG Fansclub token. Previously, the NFL star Russel Okung also chose to receive half his salary at Bitcoin.
What do you think ?
It’s a natural progression for crypto from a small niche online market to gaining mainstream adoption. We’re not there yet but things are looking good. You will see more & more public figures coming on board over the next couple years. |
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Not a big music fan to be honest, I dunno why but I’ve never really been that much into music. When I was growing up I liked Eminem & 50 Cent but as I’ve got older, even in the car I don’t often play music.
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Merit will come in time if you’re a good, interesting, helpful poster. Don’t concern yourself with getting Merit. Just get familiar with the different sections of the forum & get involved in discussion. This is a great forum, full of good advice & information. Enjoy yourself & welcome.
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Nice DCA strategy OP, slow & steady wins the race  A much better strategy than being a moron gambling with leverage. It might not feel a lot to you at the moment but keep going. I don’t know how old you are but this type of long term savings plan with bitcoin will do very well for you in 10-20 years. |
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Mortgages are expensive & young people struggle to save the deposit required to buy their first home. If you’re in a healthy position & you’re able to buy a load of properties & rent them out, becoming a landlord then sure, it’s a great investment, easy income.
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Speculation & volatility is an opportunity whilst it’s still here & the market is young. We seem to be following 4 year cycles still so it’s obviously not a bad thing to buy what you can in the bear market & then sell in the bull.
This won’t last forever though, as time goes on & bitcoin becomes more mainstream & widely adopted there will be far less volatility.
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A recent article reported that China's outlawing of crypto transactions backfires: more Chinese are turning to underground projects and decentralized exchanges without the CCP's control. Do you see global implications for the crypto market?
No, to be honest there’s nothing they can do unless they want to go kicking doors down to check on people. People in China have been using VPN’s & Tor to circumvent their communist ways for many years. |
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I drive a Nissan Navara, it’s not a sports car but it’s useful for my work. Super good in the snow too, I do like big cars. Even if I was super rich I’d still have a large car, Mercedes G Wagon or something.
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They’re scared, very scared. Bitcoin can’t be banned, as Elon Musk said the other day, all governments can do is slow or suppress the growth of bitcoin. They can’t ban it, they can only slow it down.
I wouldn’t worry too much about regulation. If you’re a long term investor it is all just noise. At some stage they are all going to have to bend the knee to the king bitcoin.
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