Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
I don't think they will give up on bitcoin, as it is digital gold as Co-Founder Steve Wozniak(Apple) said. I don't think they're going to give up any, even they can accept a long term hold until the ban is lifted - Given the current conditions, it's only temporary, even your ban China. Bitcoin is the last thing about freedom, there will be struggle. I only have 25% cash to use and stay active in life, the rest is in bitcoin and crypto. I am optimistic and believe this moment! My country is neutral towards bitcoin. |
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we are just waiting for the time to reach 1k$ is not a very difficult thing for bnb considering bnb is a very significant network among crypto users and its very rapid progress will guarantee to reach a very high point
It's not impossible that BNB can reach $1k but looking at the current conditions it is certainly very difficult, in the current market conditions any coin is certainly difficult to be able to rise, maybe we can see it can happen when the market has recovered Yup, The key factor is bitcoin. but it will.. With BNB, I encourage extra patience. The fact that BSC has only been running at the beginning of this year and what it has achieved is extremely exciting. Binance they know what to do and how to improve their child. CZ plans to burn BNB tokens on a quarterly basis, which is what drives the value for higher demand in the future. Just wait, I believe BNB will soon surpass 1k$ |
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I have faith in this year after what happened. I just ticked the same $28k as 3k8$ in 2018, and that gives me optimism. Investing is what you hold, accept to be diluted or succeed. If correctly identified, it helps to balance your emotions and comfort. Many are considering 140k BTC from Greyscale's Unlocked Fund for a short-term price drop. But bitcoin still has a healthy beat to pave the way to $100k.
Although, the longest bull run in history has passed, but after Fud China, I believe it will return sooner than expected.
Altcoins temporarily on strike during this period!
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An inevitable consequence of what it has to happen. There are a bunch of huge dumps piled up with just says. Market capitalization is diluted from these reasons. Instead they put in bitcoin. Countless have been crying because of that. Dreams about the moon in a hurry.
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At first, they hated crypto, and now they are trading it. Not bad, not bad.
If they soon realize their old-fashioned, short-sightedness will kill contemporary economics. It has to happen and without any compulsion. Today's bitcoin network will increase the difficulty of hashing. The running of the cows will begin soon. I'm more optimistic in this situation than 1/2 off ATH. Excited to wait  ) |
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Yes they do, one person can have unlimited amount of bitcoin so a whale has no reasons to hold all of his bitcoins into a single wallet.
What is that possibility? Decentralization is the promise of opening a circle of balance, although, something can happen when billions of dollars are minted into bitcoin, it has the potential to be on the verge of FUD and the data just shows up. The proofs are modified and the phenomena distort the real values! Lol |
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It's a paradox, but it's just like that, and I can also explain it: people want to do their x10 quickly, they are not interested in fundamental fundamentals, the only thing that counts is a lot of profit and immediately, that's why this hysteria is around strange coins.
Precisely they thought it was beef fast food without seasoning, they shouted slogans and scarecrows with great exaggeration. Altcoins are in a destructive retracement, because most things have been satisfied and quantified too high. Yep, its a good reasoning, same like how people interested on Ponzi and another scam, they manipulated to have a quick and high profit.
And among that reason, a series of defi projects on polygon or bsc are covering mats. And they happily call it rocket science. Lol |
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Amateur traders usually go down to the well with the rope of others. Most of them listen others whisper to buy or sell. So others shitty ideas becomes theirs bubbles. When the shitty bubbles burst they learn painfully what they must to do.
Yeap information in that way goes word of mouth In my opinion, a lot of young people have joined bitcoin this year. I do not deny it, but it is necessary to humbly view many angles of the market. It is not possible to place blame and blame on them alone. No one has taught them how to better manage their finances in cryptocurrency by failing. It happened and only that loss and failure to take on longer, more mature when it comes to bitcoin and shitcoins. at the same time, the details of applicable taxes will be their pitfalls when short selling. |
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Just make a testament or will whenever the time comes to you. If that won't work, teach one of your family members how to make wallets and how to recover wallets.
That will suffice your worry but you have to be sure that the person you'll be teaching is trustworthy.
How many people will do it this way. For me no, if I had children, I would give them 12 keywords and write down my will in a sealed safe. the rest, no one wants, it will be put into a chain called coffin burn forever. Lol |
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Take full advantage of dip seasons to take advantage of greater advantage with imo. It does not need too much skill, just good judgment, decisive in its dyor, should not fall into panic and distraction. Good for holding PYR, SOV, THEta, OMI. For me, investing in crypto does not need to be too rigid and perfectionist, sometimes too much hope makes the psychology fall into an inhibited state. I will buy bitcoin If the price of Bitcoin drops to $25,000. I saw that announcement on a big trading signal channel. It will happen soon. And already market droping start.
Cool, I only buy in the dip provided I know what it is and what's coming. |
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One of the best things COVID forced society to do is incorporate modern technology, in my opinion. I'm pleased that the majority of us are now adopting technology and applying it to ourselves since it makes things so much easier. For example, when it comes to payment systems via digital payment platforms, I've noticed that most of us, including the government, are now using mobile applications to assist our citizens.
Another thing I've noticed is that social media platforms are now being used to start businesses and earn enough money to make a decent living. Last but not least, people are becoming more interested in cryptocurrencies as they discover that they may make money by investing in it. Many users are now aware of bitcoin's enormous potential and can be used in different applications such as payment method.
Thank God COVID-19 is not a person, or it could be running for the President of the World, and could win - so many people are grateful to it. But, if seriously, COVID indeed advanced the world into the future, same way as other terrible events from the past did. We shouldn't praise COVID for that, though. Rather we should praise humanity for the ability of turning such horrible things into its advantage. Lol, Covid is a catalyst but not everything. Covid is not an entity that needs to be cheered but as it has added a big niche for the world to realize what is the future, what is a recession, what needs to be eliminated, they can print money to fight it. facts about bitcoin or crypto. But it has been an inexcusable fact of contemporary economic wretchedness under the pressure of paper money. |
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What is your hold target?. Hold until you feel it is profitable as you want. Whether you traders or holders we are here, the target is to make us profit. So hold your way to get well deserved rewards.
I believe the holding trend this year is wise. Hold is smart, Hold has a goal, my target level 1 would be 72k - 100k$. This is a favorable framework for selling. For now, just hold. Can't panic, you've seen history in El Salvado, stay steadfast because bitcoin makes us better. There can be no imposition, no ambiguity to be a puppet forever. Hold to wins. |
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China is a clever country not dumb. So I don't believe they will shoot themselves in the foot by erasing all association with bitcoin from their country.
For many years now when there is bitcoin, how does it mean that China has become stronger economically??? How longing and strong do they become? They think that they will continue to bully the world's finance and economy in 2021 like the conspiracy they made like on the occasion of the 2018 Lunar New Year, then they have drawn their own weaknesses and this will be a mistake. And so I think China will realize it soon when bitcoin goes to over $100k. Although, it doesn't seem to have any links. But it has many traces that I believe it is. |
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China has a huge impact on the crypto world so any regulatory changes in their country will surely affect the market since they have a huge number of investors but I don't think it would make the market situation worse because despite losing investors, Bitcoin's foundation is strong enough to stand on its own. It wouldn't be shaken in this kind of situation.
Why? Cradle to produce the largest volume of bitcoins from extremely large bitcoin miners + the flow of money from Chinese banks has too much influence( or As the most populous country, what is their bitcoin participation rate?) and interest in creating bullying - causing consequences to market. That cannot be the same reset as 2018. Once and for all, the crypto market needs to get out of the shadow of China and that is the reason for bitcoin support movers at 28k - 29k. Hold it all in diamond hands~Damned!!! |
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There is a nice success story in the stock market world, where a guy named Keith Gill bet with his money $50k on GameStop stock. About 2 years later the investment rose to $50 million!
So the question is. Is there any similar recent success stories like that in the crypto world? I know the Dogecoin millionaire, but that was from $180k to $2 million in a few months, which is not that impressive compared to the GameStop stock guy, because $50 million is another level. So? Any similar recent success stories?
I don't know, but some of Mark Cuban's activities with the Polygon oven made me laugh. Those are just some of the variables that have had very particular success from the market. It created interest, and maybe the next story is mine with 3k in Sovryn and 6 months later it will be 300k. Lol, maybe not longer than the success of bitcoin but I pin it here, and back to my story. Great, Happy father’s day for all!  |
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Bitcoin is created as macro with purpose, user market, demand creates force. Natural and unnatural, natural is what Elon, wall street, ... it's the opposite of the scenarios that unnatural organizations are infiltrating. Bitcoin needs spontaneity, it just needs encouragement and trust. Retracement levels for FUD and relative to China are unnatural states. It happens to their purposes. I believe, after all this reason, bitcoin will have a very healthy run.
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But yeah, has he numbed peoples nerves enough yet or what? It seems like it considering his last positive tweets haven't done much to bump the price up. What gives? Is his power done with or is it just easier to crash a market instead of pump it?
To me, Elon is just a natural born personality based on the nature of the market, he is still a crypto advocate with doge, bitcoin. Elon - He's on the right track with the power of a famous billionaire. It is not clear when he will do the opposite. But a series of drama explosions in the market are showing mistakes, for example mCuban - reclaim the regulation just because he lost money by polygon/titan,,, He is wrong. There are people who disguise themselves as gods only when he earns money. Lol |
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What is your opinion on the subject of "money & happiness"?
There simply exist things around in life that we still see every day, everything is measured in money! Money is a "necessary" condition for happiness, and love is a "enough" condition. Of course, I agree that there are exceptions, but overall, happiness and money go hand in hand. It is a desire, a complete end to everyone's life that even I myself aspire to have. |
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