People on monthly salaries often spend a lot when they first get paid due to a phenomenon known as "income effect." When people receive their paychecks they experience an increase in available funds which can lead to a temporary feeling of financial abundance. This may trigger a desire to reward themselves or indulge in immediate gratification by splurging on purchases they have been delaying. There might be pressing financial obligations or bills that need to be addressed resulting in a significant portion of the paycheck being allocated towards necessary expenses. The combination of these factors can contribute to a higher level of spending during the initial period after receiving a monthly salary.

If there were no other cryptocurrencies apart from bitcoin, it is likely the price would be a lot higher. With no alternative cryptocurrencies to divert investor attention or capital demand for bitcoin could potentially increase, leading to a rise in the price.

It’s really difficult to say & almost impossible to confidently answer. Stagflation is a rare and undesirable situation where an economy experiences slow growth, high unemployment & high inflation. Some economists have warned that stagflation might happen soon in some countries due to the impact of the COVID-19 pandemic, supply chain disruptions & rising energy prices plus the two wars we have going on. Others say that stagflation is unlikely because inflation is expected to be transitory & growth will rebound.

All of the time to be honest. I’ve been denying myself some luxuries & enjoyable things to buy Bitcoin for so long. I think sometimes life is too short & I should just live for the here & now but it’s tough you know. I try to make a better future for myself by investing & being frugal but it’s no fun. It worked out good for me so far but possibly I should learn to let go a little perhaps.

Bitcoin is King & most of the altcoins are absolute crap. Most altcoins have no utility, no future & no real world use case. Bitcoin is the only one that will last for the long term, Ethereum is potentially an OK buy but the rest of them are a total lottery. Why put your wealth in a centralised coin with so many points of failure. Bitcoin is the future of finance, we are going to the moon very soon.

There are many things that contribute to the underrepresentation of women in the Bitcoin community. The tech industry including cryptocurrency has historically been male dominated resulting in fewer women pursuing careers or interests in this field. Barriers like gender stereotypes, lack of female role models & limited access to educational resources can discourage women from getting involved. Creating inclusive spaces, providing mentorship opportunities & promoting diversity could help address this gender gap & encourage more women to participate and contribute to the world of Bitcoin.

I sure hope so, that was my first bull run. I was like a deer in headlights, euphoric but also clueless. Gains akin to those times would be amazing. We have the right macro financial setup, let’s cross our fingers & see how it goes.

History doesn’t always repeat but it often rhymes. We can’t base our trading or investment plans on what happened in the past. Obviously we can use indicators & various charts to base an opinion but there are many factors to consider. We should be heading into a bullish period for a couple of years now so bear that in mind.

Dunno about the biggest scam because there are always plenty of them in crypto. We had FTX, BlockFi plus many more over the last 3 years but yes for sure, NFT’s & virtual real estate are huge scams, total waste of money with no future.

Seems this is a regular occurrence under the current administration. Rampant money printing & funding of wars we are not even directly involved in, oh dear. Hopefully now that inflation looks to be somewhat under control things start to get better for the average guy on the street.

It doesn’t matter if you are a low net worth, low earning individual. You still want to avoid losing purchasing power of your savings don’t you. There is no better hedge than bitcoin so like you say OP, you can invest very little. If you are able to DCA for a number of years & be very patient, your money will do much better in bitcoin than it will sitting in the bank suffering from annual inflation.

No chance it will reach $1 because the supply is near infinite. For it to reach $1 a huge portion of global investment funds would have to flow in & let’s face it, that will never happen. SHIB is a meme coin with close to zero utility & real world use cases. It’s just not going to happen, divert your attention towards main coins or small caps.

Your exit point 1 on bitcoin is quite low considering it isn’t that much higher than the previous ATH in 2021. If we do hit a new ATH then chances are it will go much higher. I would bump up all exit points by 10% at least. I believe this cycle is going to be explosive.

It’s a sign of changing times & that people are sick of having their net worth devalued by a reckless government.
Cryptocurrency is a lifeboat for people trying to protect their purchasing power & beat inflation. More & more people will turn to cryptocurrency as time passes, we are early.

Life is hard, other people expect so much from us. I think people get depressed due to work pressures, the cost of living crisis has really hit in the last couple of years. It’s put pressure on people, money is tight & that can lead to depression.

There are so many things that can make people depressed. It’s nothing to be ashamed of these days though, there is help out there. It’s accepted as a condition now so you can seek help without feeling ashamed or embarrassed.

If you invest in more well known altcoins then you can make a lot more money than you do with traditional bank savings accounts. It’s all about timing the market, if you buy at the top with crypto then you’re going to lose a lot of unrealised capital losses. If you buy at the right time, which actually isn’t that hard, then hold for 4 years or more then you will beat pretty much all stocks & bank savings products. So to summarise, buy Ethereum, DOGE, Cardano, Matic, LINK etc a year or so after bitcoin makes all time highs, then hold for a few years, hey presto big gains.

I am not a big altcoin guy but my favourite of the whole bunch is by far ethereum because it is so vital to a large percentage of the entire altcoin eco-system. Without ethereum a whole bunch of the excitement & interest in altcoins would not exist. Ethereum has a use case which is more than can be said for most altcoins. I expect the price of ethereum to continue increasing over the mid to long term.

It’s generally not a good idea to borrow money in order to facilitate bitcoin purchases but there is a time when it can be beneficial. I would always advise against it but if you can time the market right it’s easy profits. If you borrow & buy bitcoin 12-18 months after an all time high, when the market is on the way down then as long as you make minimum payments monthly you can sell during the bull run, pay off the debt fully & still have great profits. It can be seen as free money but it carries a lot of risk.

Seems this happens every quarter, they make a threat about potential shutdown & then at the last minute agree a deal. The cynical side of me says that they are manipulating stock markets & buying when there is uncertainty, probably then selling when they agree a deal & everybody else pumps the markets.

These companies will continue to bend the knee to regulatory pressures, otherwise they won’t be permitted to do business in said countries. Don’t be surprised at anything they comply with after being told so by their masters.