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Tungbulu
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Once the next DIP happens we will certainly touch below $100K but my concern, if the US finally passes the deal on making reserves for the next four years it will certainly have an impact in what we get as the DIP, a complete tone of 200,00 Bitcoin in a year is a big buy that is supposed to affect the market even if all won't be purchased at once. This could only be the scenerio were Bitcoin won't go below $100K in the next bear run. I doubt the that the USA adoption of bitcoin or any other government savings of bitcoin is required for bitcoin to go above $100k and never return to $100k again. We should not expect that bitcoin needs government in order to save it or to make it more likely to go up without as many or as large of downward corrections. You’re definitely not wrong for questioning the validity of the claims that government adoption or savings are really what’s needed for Bitcoin to surpass and maintain a support level of $100k, and this is due several factors and reasons. We all know that Bitcoin is a decentralized currency under a decentralized system, and this decentralized nature of the asset simply implies that the value and Adoption of the asset isn’t solely dependent on the government or any other centralized system or entity, but rather, its growth is been driven by several other factors. Yes government adoption and savings can indeed provide an additional boost to bitcoin’s value and growth overtime but that doesn’t in anyway imply that it’s a prerequisite for the growth or success of Bitcoin. The major drive of the consistent growth and adoption of Bitcoin over the years have primarily been the organic demands, as well as technological advancements and innovations. So it’ll definitely be wrong to assume or think that government adoption of Bitcoin is the actual thing that Bitcoin needs to attain greater heights in the future, because Bitcoin made it this far without the support or adoption of the government and I’m pretty sure it has the potential of attaining even more greater heights with or without the government.
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nutildah
Legendary
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Activity: 3570
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December 14, 2024, 05:04:51 AM |
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promise444c5
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December 14, 2024, 06:10:46 AM |
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Nah.. if they see the need to buy Bitcoin then they should make decisions themselves and not advising them(government ) / other investors to sell gold or any other assets to buy BTC , if they wish to sell it then so be it. I don't even see Google, Microsoft, Apple, Amazon, and NVDIA as a debate with Bitcoin because Bitcoin will surpass them all, the growth is massive. Sure but for now they are still in the game ,Bitcoin seem to gaining rapid attention , more inflows of investment day by day and probably in the future we might be seeing Bitcoin topping them all (it’s just a matter of time, might not be long though  )
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Promocodeudo
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December 14, 2024, 10:06:32 AM |
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I see question concerning if it would ever be possible for Bitcoin to surpass Gold and it makes me wonder if those people questioning Bitcoin's potential are still in our time or the ice age cause getting to 100k alone should be enough to clear their doubts, i wonder if they've not seeing or heard that it's passed silver to be in the seventh place on the asset class so i wonder why they think chances of getting past Gold is slim. Well if might be slim currently but that's something that's bound to happen in future, it just like when it was mentioned in the past that Bitcoin would reach six figures, some critics doubted and even discouraged people not to invest on it claiming it's the fastest way they lose their money, however here we are. Bitcoin is a digital Gold and has great potentials, the earlier some doubters understand that, the better for them, it's still not too late for them to buy Bitcoin and hodl.
Buddy some people are always skeptical about things in life, so no matter what happens they can never be convinced about things, that's why you see many people regretting the recent upsurge of Bitcoin, the keep doubting while others are busy accumulating Bitcoin, it's is even funny for some to ask such question when the answer to his or her question is now practical, sometimes I feel some persons decide to ask this questions to get opinion from people in other to conclude whether to invest in Bitcoin or not. My question is do this people ever on their own try to make some findings themselves, if an asset can reach $100k which makes it the most valued digital currency combined with other Fiat currency it's still the most valued then i don't know why someone should find such question necessary, the things is Bitcoin as a volatile asset must face some correction but it must surpass the current $100k plus we are seeing now in the future, if people consider the recent movement of Bitcoin then there would be no need for being skeptical about bitcoin outshining Gold totally in a long-term, it's just a matter of time. Instead of this skeptical mindset by some individuals, I think it will be wise for them to start doing the needful if they haven't already because we have reached a milestone which is $100k and as we all know it doesn't end there and by now we are supposed to be preparing for another milesrone which will come in the future, Bitcoin is a continues process but everything depends on what we want individually but as bitcoiners consistent buying and hodling should always be our goal.
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cryptomaniac_xxx
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December 14, 2024, 10:08:10 AM Merited by JayJuanGee (1) |
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Shower thought. What if we're very lucky to be during a time when we could own an asset that will actually "dethrone" Gold and become the most valuable asset in total market value?
It might not be very obvious for us plebs now, but it might be as Bitcoin becomes higher in market value than Google, Microsoft, Apple, Amazon, and NVDIA. Buy the DIP, and HODL
With what bitcoin has achieved and shown, I am very happy to be among the investors who are consistently accumulating bitcoin and holding it for a long time. Bitcoin is just new, but yet it has already surpassed Google, Microsoft, Apple, Amazon, and NVIDIA in market value, who have been existing a long time before bitcoin was developed. It's just a matter of time; we will see bitcoin doing the same thing to gold. I will not be surprised when that happens because I know bitcoin has what it takes to dethrone gold in market value. Are you referring to $crypto$'s post from earlier today? The chart shows that bitcoin is number seven on the list, and sure probably within this cycle bitcoin will at least get up to number 2, and it may even pass gold this cycle or perhaps in the next cycle? The path up for bitcoin is not even necessarily directly up, since bitcoin has variance in its valuations. Yes, I remember in 2017, wherein there was a lot of comparison between gold and BTC, it's the question of "If" BTC's market cap could catch up with gold. Now it's very different, it's now the question of "when"... maybe in the next 10 years? And if we look at the numbers, in the last 10 years, BTC market cap has gone like 160-170% if I'm not mistaken, while Gold in the same time frame likes double their market cap. So with that, it's just a matter of time before we can surpass Gold, specially if they remain stagnant or at least the growth is slow as compare to BTC. Most likely if we hit $700k per pop, by that price, we might be close or even overtake Gold in terms of marketcap. We also have to take into consideration how "easy" it is for average Joe investors to acquire BTC as compare to Gold. Of course, there will be variance, as the price will go down during the bear market. But still, when bull run starts it's hard to stop the herd from running and reaching another all time high very 4 years.
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Ruttoshi
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It's funny to see that in the early days of bitcoin government were against it and wanted to kill it thinking that it was within their control and there were several bans on bitcoin but still bitcoin as a baby was able to pass through all those rough period and survived till date. Now that bitcoin has turned to a teen is when the government are now showing big interest in it, because they have come to realize that there's nothing that can stop bitcoin from growing into an adult in future.
The government are now the ones rushing into bitcoin because they have seen that with them or without them bitcoin keeps growing, and they cannot stop it. This is why you see them planning on buying as many bitcoin as they can buy overtime, to use as reserve so that they don't miss out and regret for not acquiring more than enough Bitcoin for the future, because bitcoin has been tested and confirmed that it's a hedge to inflation and will give handsome reward for investing in it in future. How I wish that those individuals who are still doubting bitcoin can look into the future to see that bitcoin future is bright and invest in it before it is too late. Doubt can make you not achieve success when the opportunity is before you. Don't doubt but have faith in bitcoin like the government have now.
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SuperBitMan
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December 14, 2024, 11:04:03 AM |
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Nah.. if they see the need to buy Bitcoin then they should make decisions themselves and not advising them(government ) / other investors to sell gold or any other assets to buy BTC , if they wish to sell it then so be it. Is not a bad advice is a very good advice because what is the need holding unto something that is losing its value, giving people and government advice about achieving something great is super cool it's lift for them to accept or reject.
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Popkon6
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December 14, 2024, 01:17:27 PM |
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Nah.. if they see the need to buy Bitcoin then they should make decisions themselves and not advising them(government ) / other investors to sell gold or any other assets to buy BTC , if they wish to sell it then so be it. Is not a bad advice is a very good advice because what is the need holding unto something that is losing its value, giving people and government advice about achieving something great is super cool it's lift for them to accept or reject. That is why Michael Saylor, addressing the United States government or the people of his country, said that selling gold and buying Bitcoin and holding it for a long time. Because only Bitcoin can make the future bright, Michael Saylor said that MicroStrategy has purchased a large amount of Bitcoin. The total amount of Bitcoin has been deposited at 423,650 Bitcoins, and they have a promise to deposit more in the future. Bitcoin is said to be reliable and has a fast yield, so he advised selling gold and asked Bitcoin to collect.
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cryptoWODL
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December 14, 2024, 03:23:43 PM Last edit: December 14, 2024, 03:49:15 PM by cryptoWODL Merited by JayJuanGee (1) |
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Is not a bad advice is a very good advice because what is the need holding unto something that is losing its value, giving people and government advice about achieving something great is super cool it's lift for them to accept or reject. That is why Michael Saylor, addressing the United States government or the people of his country, said that selling gold and buying Bitcoin and holding it for a long time. Because only Bitcoin can make the future bright, Bitcoin is said to be reliable and has a fast yield, so he advised selling gold and asked Bitcoin to collect. In the video of the mentioned tweet, Michael Saylor only spoke of the US government, not the people of the United States. There Michael Saylor mentions that the US government should ditch gold and buy Bitcoin. There must be a reason why Michael Saylor asked the United States to take such an important step. Michael Saylor believes that if the US government takes this step, the price of gold will fall. He believes the value of Gold will tank if the government makes this move, creating an economic dilemma for rival economies. If this scenario plays out, Michael Saylor believes the Russians, Chinese and foreigners will sell their assets to buy Bitcoin. https://coingape.com/michael-saylor-says-us-should-ditch-gold-and-buy-bitcoin-heres-why/Michael Saylor said that MicroStrategy has purchased a large amount of Bitcoin. The total amount of Bitcoin has been deposited at 423,650 Bitcoins, and they have a promise to deposit more in the future. Michael Saylor planned a capitalization of $42 billion on October 31st, they have purchased BTC 171,430 Bitcoins since that announcement on October 31st. They originally announced this capital to purchase Bitcoin.
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Tonimez
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December 14, 2024, 04:23:43 PM |
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Shower thought. What if we're very lucky to be during a time when we could own an asset that will actually "dethrone" Gold and become the most valuable asset in total market value?
It might not be very obvious for us plebs now, but it might be as Bitcoin becomes higher in market value than Google, Microsoft, Apple, Amazon, and NVDIA. Buy the DIP, and HODL
With what bitcoin has achieved and shown, I am very happy to be among the investors who are consistently accumulating bitcoin and holding it for a long time. Bitcoin is just new, but yet it has already surpassed Google, Microsoft, Apple, Amazon, and NVIDIA in market value, who have been existing a long time before bitcoin was developed. It's just a matter of time; we will see bitcoin doing the same thing to gold. I will not be surprised when that happens because I know bitcoin has what it takes to dethrone gold in market value. Are you referring to $crypto$'s post from earlier today? The chart shows that bitcoin is number seven on the list, and sure probably within this cycle bitcoin will at least get up to number 2, and it may even pass gold this cycle or perhaps in the next cycle? The path up for bitcoin is not even necessarily directly up, since bitcoin has variance in its valuations. Sitting at number 7 from this chart is a clear indication of what is to come. Microsoft, Apple and others have spent a very longer time when compared to bitcoin which places bitcoin as one of the highest fast rising areas of economy. With the influx of more investors and foreign governments as speculated by Russia and America post Trump's inauguration, bitcoin might have a straight way up. It's much possible to dethrone Gold in the nearest future.
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PremiumcryptoHub
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December 14, 2024, 04:38:48 PM |
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The chart shows that bitcoin is number seven on the list, and sure probably within this cycle bitcoin will at least get up to number 2, and it may even pass gold this cycle or perhaps in the next cycle? The path up for bitcoin is not even necessarily directly up, since bitcoin has variance in its valuations. Sitting at number 7 from this chart is a clear indication of what is to come. Microsoft, Apple and others have spent a very longer time when compared to bitcoin which places bitcoin as one of the highest fast rising areas of economy. With the influx of more investors and foreign governments as speculated by Russia and America post Trump's inauguration, bitcoin might have a straight way up. It's much possible to dethrone Gold in the nearest future. Bitcoin reaching number seven from this chart is an indication that Bitcoin is gradually surpassing everything and will continue to do so. The price of Bitcoin is constantly increasing along with the market cap of Bitcoin. Bitcoin surpassed silver and Saudi oil company Aramco this year after creating a historic moment for the first time in its history. As Bitcoin touched $100k, it reached number seven in terms of market cap of the top assets. And today the market cap of Bitcoin is over 2 trillion dollars. Bitcoin will reach above everything, buy bitcoins regularly and hold it for a long time. 
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sotelorene
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December 14, 2024, 09:13:49 PM |
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You only need a little income to invest. Even a small amount of income can be seen as an investment if you have the mindset to invest.
As far as bitcoin investment is concerned, you need a source of income that will allow you to have discretionary income after you have sorted out your daily expenses so that you will have the money to invest in bitcoin in such a way that it will not stop you from sorting out your daily expenses, which might get you off the game partially or permanently. You are right, we need to have a source of income that allows us to have discretionary income however if we have a job that don't allow us to have a discretionary income we need to backup with a side hustle, some people who are working and still don't have a discretionary income is not because there salary is not good enough is because they have a bigger responsibility more than a normal human should have, they carry unnecessary responsibilities for example always sending money to there friends weekly or monthly as soon as there salary is being paid, there are some responsibility we should cut off. Very good, to invest in Bitcoin every day you definitely need to have a fixed source of income. We can keep a remaining part of our daily income for investing in Bitcoin, which will reduce the suffering of investing, and how to increase daily income will lead us to find more sources of income. Since not all people are considered equal, some earn more and some earn less, so I think more income or less income is not the main thing. Patience and humanistic thinking are important for investing in Bitcoin in the long term. People with low income have more unwanted work due to their low qualifications, so they cannot join the investment field due to time and financial problems despite their desire. It is necessary to create their freedom by removing this unwanted responsibility from the lower ones by the superior officer, so that they can also use a part of their earned income and use their time and remaining money for investing in Bitcoin. Maybe their salary is daily, weekly or monthly. In my opinion I do not think it is right or advisable to invest in Bitcoin daily and even if someone earns daily it is still not good or advisable because it is definitely going to affect you in one way or the other and again I don't think someone can be able to be investing daily because that will be very tasking. This is not true " people with low income have more unwanted work due to their low qualification" with what I understood from this or with how I understood it you are trying to say that people that doesn't have money have more problem than people who has money which is absolutely wrong and the reason why people think of this is because people who has money always taken care of their problem quietly without anyone knowing but to be honest with you people that has money has more and bigger problem or challenge than people that doesn't.
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JayJuanGee
Legendary
Offline
Activity: 4298
Merit: 13561
Self-Custody is a right. Say no to "non-custodial"
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December 14, 2024, 09:13:50 PM |
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[edited out]
Yes, I remember in 2017, wherein there was a lot of comparison between gold and BTC, it's the question of "If" BTC's market cap could catch up with gold. Now it's very different, it's now the question of "when"... maybe in the next 10 years? And if we look at the numbers, in the last 10 years, BTC market cap has gone like 160-170% if I'm not mistaken, while Gold in the same time frame likes double their market cap. So with that, it's just a matter of time before we can surpass Gold, specially if they remain stagnant or at least the growth is slow as compare to BTC. Most likely if we hit $700k per pop, by that price, we might be close or even overtake Gold in terms of marketcap. We also have to take into consideration how "easy" it is for average Joe investors to acquire BTC as compare to Gold. Of course, there will be variance, as the price will go down during the bear market. But still, when bull run starts it's hard to stop the herd from running and reaching another all time high very 4 years. Sure there is a law of large numbers which potentially causes some slowing down of bitcoin in terms of its percentage growth, yet BTC reaching market cap parity with gold could happen as soon as within this next calendar year or it could take another whole cycle or longer. I doubt that it is going to take 10 years for bitcoin's market cap to touch upon parity with gold's marketcap, but sure, anything is possible. Regarding ease of access, I would speculate that bitcoin is easier to get than gold, even though sure there are some parts of the world (in various countries) where physical gold markets exist. As bitcoin is adopted on greater levels, it will probably become more and more easy to get bitcoin, even though so many folks are still failing/refusing to hold bitcoin in their own self-custody, so we should expect self-custody abilities will continue to improve, even though surely there are many governments and financial institutions who are working to vilify self-custody, which in the end, bitcoin's actual power and value comes from its ability to be self-custodied. It's funny to see that in the early days of bitcoin government were against it and wanted to kill it thinking that it was within their control and there were several bans on bitcoin but still bitcoin as a baby was able to pass through all those rough period and survived till date. Now that bitcoin has turned to a teen is when the government are now showing big interest in it, because they have come to realize that there's nothing that can stop bitcoin from growing into an adult in future.
It seems to me that governments are mostly interested in bitcoin for themselves, and not in terms of actually empowering people, and so we are not done with any kind of battle to make sure that we are not disempowered by governments' current interest to have bitcoin as part of their treasury. Some of them might actually talk the right talk, yet we need to watch that they are not trying to take bitcoin away from the people, which seems to be part of their aims, while at the same time if they are successful in taking bitcoin away from the people, then they end up killing a lot of bitcoin's value proposition.. and perhaps even killing bitcoin itself.. even though bitcoin is pretty resilient to a lot of these kinds of attacks, so in the meantime, those of us holding and still accumulating bitcoin are likely benefitted by governments, financial institutions and rich folks pumping our bags. The government are now the ones rushing into bitcoin because they have seen that with them or without them bitcoin keeps growing, and they cannot stop it. This is why you see them planning on buying as many bitcoin as they can buy overtime, to use as reserve so that they don't miss out and regret for not acquiring more than enough Bitcoin for the future, because bitcoin has been tested and confirmed that it's a hedge to inflation and will give handsome reward for investing in it in future.
Not all governments are onboard, and surely governments are not likely wanting to pump bitcoin in order to pump our bags, even though that it what they are doing. I doubt that they want to give up control, yet they are forced towards considering bitcoin in various ways... and many of them still have hardly any clue about what bitcoin is beyond number go up technology... so we are still early days and no coordinated ideas about what bitcoin is even though, yeah a lot of governments are realizing if they cannot fight it, then maybe they should join it. How I wish that those individuals who are still doubting bitcoin can look into the future to see that bitcoin future is bright and invest in it before it is too late. Doubt can make you not achieve success when the opportunity is before you. Don't doubt but have faith in bitcoin like the government have now.
A lot of individuals are going to end up having to buy bitcoin at higher prices, to the extent that we have not already bought a lot of bitcoin or at least that we have not already started. So, yeah, the longer that any of us have been in bitcoin, then the more advantaged we are going to be, especially since many of us know that it tends to take a long time to build wealth and/or to stack suffiicient amounts of corn. Nah.. if they see the need to buy Bitcoin then they should make decisions themselves and not advising them(government ) / other investors to sell gold or any other assets to buy BTC , if they wish to sell it then so be it. Is not a bad advice is a very good advice because what is the need holding unto something that is losing its value, giving people and government advice about achieving something great is super cool it's lift for them to accept or reject. The punchline of what Saylor is recommending has to do with bitcoin being a stronger store of value than gold, so in that sense there is no need to keep gold if bitcoin is better than gold. Sure, Saylor did not say that bitcoin is 1,000x better than gold, but he did likely say that by 2045 bitcoin will be around 13x greater price than gold... and that bitcoin is going to continue to grow.. so likely even Saylor realizes that bitcoin is in the ballpark of 1,000x better than gold, even though it may well take a while for those relative prices to be reflected in the market. You only need a little income to invest. Even a small amount of income can be seen as an investment if you have the mindset to invest.
As far as bitcoin investment is concerned, you need a source of income that will allow you to have discretionary income after you have sorted out your daily expenses so that you will have the money to invest in bitcoin in such a way that it will not stop you from sorting out your daily expenses, which might get you off the game partially or permanently. You are right, we need to have a source of income that allows us to have discretionary income however if we have a job that don't allow us to have a discretionary income we need to backup with a side hustle, some people who are working and still don't have a discretionary income is not because there salary is not good enough is because they have a bigger responsibility more than a normal human should have, they carry unnecessary responsibilities for example always sending money to there friends weekly or monthly as soon as there salary is being paid, there are some responsibility we should cut off. Very good, to invest in Bitcoin every day you definitely need to have a fixed source of income. We can keep a remaining part of our daily income for investing in Bitcoin, which will reduce the suffering of investing, and how to increase daily income will lead us to find more sources of income. Since not all people are considered equal, some earn more and some earn less, so I think more income or less income is not the main thing. Patience and humanistic thinking are important for investing in Bitcoin in the long term. People with low income have more unwanted work due to their low qualifications, so they cannot join the investment field due to time and financial problems despite their desire. It is necessary to create their freedom by removing this unwanted responsibility from the lower ones by the superior officer, so that they can also use a part of their earned income and use their time and remaining money for investing in Bitcoin. Maybe their salary is daily, weekly or monthly. In my opinion I do not think it is right or advisable to invest in Bitcoin daily and even if someone earns daily it is still not good or advisable because it is definitely going to affect you in one way or the other and again I don't think someone can be able to be investing daily because that will be very tasking. This is not true " people with low income have more unwanted work due to their low qualification" with what I understood from this or with how I understood it you are trying to say that people that doesn't have money have more problem than people who has money which is absolutely wrong and the reason why people think of this is because people who has money always taken care of their problem quietly without anyone knowing but to be honest with you people that has money has more and bigger problem or challenge than people that doesn't. I wonder about your proposition that rich people have more problem than poor people? there are all kinds of problems that people have, so I doubt that we can just generalize and say that one class of people have more problems than another, since the kinds of problems are going to vary depending on individual circumstances. Many folks conclude that a lot of their problems relate to money, so that if they have more money then they will relieve a lot of their problems, which is likely true, even though they might have different kinds of problems that come from being rich rather than being poor... so I am not going to overly generalize about the kinds of problems that people have based on whether they are rich or poor.... but it would probably be fair to assert that the kinds of problems that poor and rich people face may be different, even though they might also share some similar kinds of problems that might not be related to money issues.
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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DaNNy001
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December 14, 2024, 09:44:13 PM |
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Shower thought. What if we're very lucky to be during a time when we could own an asset that will actually "dethrone" Gold and become the most valuable asset in total market value?
It might not be very obvious for us plebs now, but it might be as Bitcoin becomes higher in market value than Google, Microsoft, Apple, Amazon, and NVDIA. Buy the DIP, and HODL
With what bitcoin has achieved and shown, I am very happy to be among the investors who are consistently accumulating bitcoin and holding it for a long time. Bitcoin is just new, but yet it has already surpassed Google, Microsoft, Apple, Amazon, and NVIDIA in market value, who have been existing a long time before bitcoin was developed. It's just a matter of time; we will see bitcoin doing the same thing to gold. I will not be surprised when that happens because I know bitcoin has what it takes to dethrone gold in market value. Are you referring to $crypto$'s post from earlier today? The chart shows that bitcoin is number seven on the list, and sure probably within this cycle bitcoin will at least get up to number 2, and it may even pass gold this cycle or perhaps in the next cycle? The path up for bitcoin is not even necessarily directly up, since bitcoin has variance in its valuations. Sitting at number 7 from this chart is a clear indication of what is to come. Microsoft, Apple and others have spent a very longer time when compared to bitcoin which places bitcoin as one of the highest fast rising areas of economy. With the influx of more investors and foreign governments as speculated by Russia and America post Trump's inauguration, bitcoin might have a straight way up. It's much possible to dethrone Gold in the nearest future. Well that's something that's definitely gonna happen in due time. And that's why no matter how the price@ $100k is seen by optimistic investors as too high, just shows how naive and shallow minded some person could see because even with this new ATH attained, Bitcoin hasn't reached its full potential yet and that's why it still not late to dive and starts accumulating Bitcoin because even now is not too late, I guess we can say better now than never and for competition between the other pairs, I believe even Gold doesn't stand a chance when the time comes.
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Familian
Member

Offline
Activity: 100
Merit: 13
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December 14, 2024, 10:40:33 PM |
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Shower thought. What if we're very lucky to be during a time when we could own an asset that will actually "dethrone" Gold and become the most valuable asset in total market value?
It might not be very obvious for us plebs now, but it might be as Bitcoin becomes higher in market value than Google, Microsoft, Apple, Amazon, and NVDIA. Buy the DIP, and HODL
With what bitcoin has achieved and shown, I am very happy to be among the investors who are consistently accumulating bitcoin and holding it for a long time. Bitcoin is just new, but yet it has already surpassed Google, Microsoft, Apple, Amazon, and NVIDIA in market value, who have been existing a long time before bitcoin was developed. It's just a matter of time; we will see bitcoin doing the same thing to gold. I will not be surprised when that happens because I know bitcoin has what it takes to dethrone gold in market value. Are you referring to $crypto$'s post from earlier today? The chart shows that bitcoin is number seven on the list, and sure probably within this cycle bitcoin will at least get up to number 2, and it may even pass gold this cycle or perhaps in the next cycle? The path up for bitcoin is not even necessarily directly up, since bitcoin has variance in its valuations. With just the space of 14 years on it's creation bitcoin has found itself on the top 10 of most valuable assets in the world occupying the 7th position precisely despite it's volatile (fluctuating) nature. There's no doubt it's going to settle up for 2nd position in the next circle. With the widereach acceptance and uses of gold if am to be sincere it would take bitcoin to outperform itself to get pass gold anytime soon but doesn't mean it can't materialize within the shortest frame either.
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Barikui1
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December 15, 2024, 05:31:27 AM |
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Shower thought. What if we're very lucky to be during a time when we could own an asset that will actually "dethrone" Gold and become the most valuable asset in total market value?
It might not be very obvious for us plebs now, but it might be as Bitcoin becomes higher in market value than Google, Microsoft, Apple, Amazon, and NVDIA. Buy the DIP, and HODL
With what bitcoin has achieved and shown, I am very happy to be among the investors who are consistently accumulating bitcoin and holding it for a long time. Bitcoin is just new, but yet it has already surpassed Google, Microsoft, Apple, Amazon, and NVIDIA in market value, who have been existing a long time before bitcoin was developed. It's just a matter of time; we will see bitcoin doing the same thing to gold. I will not be surprised when that happens because I know bitcoin has what it takes to dethrone gold in market value. Are you referring to $crypto$'s post from earlier today? The chart shows that bitcoin is number seven on the list, and sure probably within this cycle bitcoin will at least get up to number 2, and it may even pass gold this cycle or perhaps in the next cycle? The path up for bitcoin is not even necessarily directly up, since bitcoin has variance in its valuations. With just the space of 14 years on it's creation bitcoin has found itself on the top 10 of most valuable assets in the world occupying the 7th position precisely despite it's volatile (fluctuating) nature. There's no doubt it's going to settle up for 2nd position in the next circle. With the widereach acceptance and uses of gold if am to be sincere it would take bitcoin to outperform itself to get pass gold anytime soon but doesn't mean it can't materialize within the shortest frame either. With the speed of Bitcoin growth, anything is actually possible because at this point if you look at Bitcoin in today's market, more investors are coming in, and they are very much aware that gold have already reach it peak unlike Bitcoin that is just a 15year old boy, so I believe that before Bitcoin can get up to 35 or 40 year old, it will definitely surpass gold by a mile, and and quite positive that it might has gone more than a million dollar by then. Secondly, looking at what is going on right now in today's market, most investors that have doubted Bitcoin from the start are now changing their view about it, some are even acquiring it secretly, that's alone speaks volumes that everyone, even the haters are now doing the fact, which is if you can't beat them, join them. So in essence of all am trying to say is that it's just a matter of time that Bitcoin is going to surpass gold and others that has been their since the history of mankind.
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Ricardo11
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December 15, 2024, 06:16:02 AM |
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Are you referring to $crypto$'s post from earlier today? ~ ~ With the speed of Bitcoin growth, anything is actually possible because at this point if you look at Bitcoin in today's market, more investors are coming in, and they are very much aware that gold have already reach it peak unlike Bitcoin that is just a 15year old boy, so I believe that before Bitcoin can get up to 35 or 40 year old, it will definitely surpass gold by a mile, and and quite positive that it might has gone more than a million dollar by then. Secondly, looking at what is going on right now in today's market, most investors that have doubted Bitcoin from the start are now changing their view about it, some are even acquiring it secretly, that's alone speaks volumes that everyone, even the haters are now doing the fact, which is if you can't beat them, join them. So in essence of all am trying to say is that it's just a matter of time that Bitcoin is going to surpass gold and others that has been their since the history of mankind. Bitcoin is an asset that is growing faster than gold and other assets. I think Bitcoin is the only one that has become so valuable in just 15 years, which is $102,241 in today's market. However, Bitcoin will not stop here, because Bitcoin's popularity and acceptance are increasing day by day, it will continue to become more valuable over time. The amount of popularity and acceptance that Bitcoin has gained in just 15 years, it will increase several times in the next 15 to 20 years. The price of Bitcoin has now reached the milestone of $100K, as a result, many new investors have been attracted to Bitcoin by seeing this success of Bitcoin, thus the number of new investors is constantly increasing, thus its popularity will continue to increase, as a result, it will continue to become more valuable, and at one point it will reach one million dollars, that future may not be too far away. At what point will Bitcoin reach $1 million, because every Bitcoin expert believes it and it is very likely, the current circulating supply of Bitcoin is 19,796,178, so when Bitcoin reaches $1 million, at that time the current circulating supply is 19,796,178, making the market cap of Bitcoin $19.4 trillion. However, as Bitcoin reaches one million dollars, its circulating supply will also continue to increase, so I am assuming on average, when Bitcoin reaches one million dollars, the market cap of Bitcoin will be over $20 trillion, and the current market cap of gold is $18 trillion, that is, if we calculate the average in the future, Bitcoin will definitely surpass gold.
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Taskford
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December 15, 2024, 09:45:17 AM |
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With what bitcoin has achieved and shown, I am very happy to be among the investors who are consistently accumulating bitcoin and holding it for a long time. Bitcoin is just new, but yet it has already surpassed Google, Microsoft, Apple, Amazon, and NVIDIA in market value, who have been existing a long time before bitcoin was developed. It's just a matter of time; we will see bitcoin doing the same thing to gold. I will not be surprised when that happens because I know bitcoin has what it takes to dethrone gold in market value.
Are you referring to $crypto$'s post from earlier today? The chart shows that bitcoin is number seven on the list, and sure probably within this cycle bitcoin will at least get up to number 2, and it may even pass gold this cycle or perhaps in the next cycle? The path up for bitcoin is not even necessarily directly up, since bitcoin has variance in its valuations. With just the space of 14 years on it's creation bitcoin has found itself on the top 10 of most valuable assets in the world occupying the 7th position precisely despite it's volatile (fluctuating) nature. There's no doubt it's going to settle up for 2nd position in the next circle. With the widereach acceptance and uses of gold if am to be sincere it would take bitcoin to outperform itself to get pass gold anytime soon but doesn't mean it can't materialize within the shortest frame either. Aside from that achievement gotten by Bitcoin we can also see here the possible trajectory on what figures we can possibly see in future https://changelly.com/blog/bitcoin-price-prediction/ changelly create a somehow realistic prediction and it somehow achievable knowing the fact that in next following years there would be so many events that can increase the awareness and adaption of Bitcoin. Number 2 down to 5 spot is hard to beat, but when global adaption will happen and Bitcoin will be recognize as alternative currency or make it as their reserve then provably there's huge chance that Bitcoin would able to break this record and surpass those big institutions in the list.
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Ruttoshi
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December 15, 2024, 11:32:57 AM |
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Shower thought.
What if we're very lucky to be during a time when we could own an asset that will actually "dethrone" Gold and become the most valuable asset in total market value?
It might not be very obvious for us plebs now, but it might be as Bitcoin becomes higher in market value than Google, Microsoft, Apple, Amazon, and NVDIA.
Buy the DIP, and HODL
bitcoin has achieved and shown, I am very happy to be among the investors who are consistently accumulating bitcoin and holding it for a long time. Bitcoin is just new, but yet it has already surpassed Google, Microsoft, Apple, Amazon, and NVIDIA in market value, who have been existing a long time before bitcoin was developed. It's just a matter of time; we will see bitcoin doing the same thing to gold. I will not be surprised when that happens because I know bitcoin has what it takes to dethrone gold in market value. I agree with you ccumulating bitcoin and holding it for a period of time. Bitcoin is new but yet it has already surpassed Google, Microsoft, , Facebook in market value, but have been existing a long time bitcoin been came a life changing You are wrong because you find it difficult to read. There's a chat on the asset according to their marketcap above immediately before your post and bitcoin is on number 7. Bitcoin is not in a rush to move from 7th position to the first because all these assets have been in existence and they didn't just come out and sit on the position that they are on the table currently, but it took a gradual process and time. This is how bitcoin will also take time gradually to grow and be among the first top two. However, the position of where bitcoin is on the table shouldn't bother us, because bitcoin will grow overtime and that's why we use use this opportunity to stack up our bags with enough Bitcoin so that we don't buy them very expensive in future. If you know that you love to have a bitcoin asset start buying immediately you have the money gradually and don't think to wait for a cheaper price, because if you fail to invest, you might lose your chance of being among the hodlers smiling in future for taking the bold step to invest and save their extra cash from inflation with an additional profit for investing in bitcoin.
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Litzki1990
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December 15, 2024, 02:00:13 PM Merited by JayJuanGee (1) |
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Just as time wait for no man that's how Bitcoin prices wait for no man . When comes to investing in Bitcoin is good to make plans though, but don't let that plans leads to procrastination, because many people keep using that idea of planning to procrastinate, there alot of folks that wanted to get into Bitcoin when the price range was still around $50k but they had to procrastinate due to many reasons like planning, or waiting for a certain the dips but now Bitcoin is X2 of that price range (now 100k) so these are stuff procrastinating can lead to when comes to bitcoin investment.
The price of bitcoin can't be predicted and waiting for the dip to buy bitcoin is not the best. Those who always wait for the dip to buy bitcoin normally have certain price of what they think the price of bitcoin will fall to and waiting for the price the market will be going a differently from what they want and they end up not buying. You don't wait for the dip, you only grab it when you have opportunity or come across it. You don't have to wait for the dip to invest in bitcoin because waiting is not necessary, you just have to invest now and hodl and make good profit in the future. Some people feels when they wait to buy bitcoin in the dip is more profitable but the time wasted would have been a time to buy bitcoin which value would have been achieved in all these times. In fact, it is not possible to say anything clearly about when the market will go in which direction, but regular analysis of the market gives an idea about this. People who invest usually do not wait for the time when the market will come down a lot and then they invest. Because skilled investors know that they have to invest in every market situation so that they don't miss any investment opportunities. Many such opportunities are missed by those investors who always wait for the market to come down and invest at that time. I have seen many investors who have been waiting for a long time to invest in Bitcoin but until now they have not been able to invest in Bitcoin because they are not ready to risk money. They always think that the market will fall further from the current price and at that time they will invest. When the market comes down as expected they again doubt the market and again they wait to invest at a lower price thus the investor loses all his opportunities but he can't invest at the right time. If you want to get something good from investment, you have to invest regularly and continuously in the market, so that no opportunity is missed and if you keep this investment for a long time, you will definitely get a good amount of profit from this investment. I think we're spending too much time comparing Bitcoin to gold, gold has run it's own cause and Bitcoin is currently on its own journey. We investors just need keep doing our part, accumulating Bitcoin and spreading the awareness across to the uninformed persons and hope most big companies and the government of other countries recognize Bitcoin and create favourable grounds for it's propagation.
In due time, gold would certainly have no other option than to bow to Bitcoin which is the king of investment opportunities and hedge against inflation.
Gold is precious metal on the other hand Bitcoin is the most valuable digital currency but we have to avoid comparing Bitcoin with gold. While Bitcoin can be used for investment, I never really consider gold to be a good investment. But if one thinks that he will convert his money through gold and the profit from this will not matter much for him then it is okay to buy gold and keep it in the bank locker. The price of gold was at a certain level at the same time when bitcoin was worth 20k dollars. But when the price of Bitcoin touched 20k dollars to 100k dollars, the price of gold did not change much from that level to the current level. Naturally imagine you bought a bitcoin at a time when bitcoin was worth $20k. At the same time, if you bought gold with the same amount of money, then which investment platform is currently giving you more profit, of course Bitcoin and the profit amount is much higher. As investment is made to make money, I would always suggest that even if there is some risk of money, that investment should be Bitcoin as there is a higher chance of profit from investing in Bitcoin than investing in other platforms.
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