This is our chance

[Chris!]

The moment we've been waiting for has finally arrived.

The world is at a standstill. Governments and private entities are pumping out trillions and trillions of worthless fiat to bail out the top 0.01% again. Meanwhile, Bitcoin is sitting pretty on the sidelines.

The block reward halving is about a month away.
Exchanges are seeing a huge surge in new customers.
Bitcoin courses are filling up.
Google searches are up.
Trust in ever-increasingly authoritarian governments is failing worldwide en masse.

To say I'm bullish on Bitcoin would be to say I enjoy breathing air.

It's time to opt out of your current government. It's time to opt out of the legacy financial system. It's time to opt out of financing the serving of trillions of dollars of debt. Governments worldwide are bankrupt. Get out with whatever you can carry on your back.

I'm jumping into the wormhole. See you on the other side.

[DaCryptoRaccoon]

I would agree we are also starting to see the emergence of CBDC (Central Bank Digital Currency)  The bank of England just set forth there proposal for this fully tracked digital currency people will soon start to realize that they enjoy the freedoms that anonymous payments give them and once they know that they will be fully tracked by the new system people will flock to Bitcoin as the solution.

I already jumped in the worm hole the other side is great!

[Assface16678]

Today the bitcoin now is showing a reasonable market price and soon an income because the halving is coming and this is a good sign for new profit, today there is a lot of news relayed to the bitcoin, and some of them are many people getting more addresses related to the cryptocurrency and this is the excellent sign so many people today are starting to adopt the changes of bitcoin next is the many people today investing in the world of bitcoin so while the halving is coming it is rapidly growing the same with the people are many users added and this is the reason why we love the use of bitcoin.

[BrewMaster]

The block reward halving is about a month away.
Exchanges are seeing a huge surge in new customers.
Bitcoin courses are filling up.
Google searches are up.
Trust in ever-increasingly authoritarian governments is failing worldwide en masse.

all true, and here is another one that people stopped talking about.
there is a lot of coins being withdrawn from exchanges to whale wallets. during the past weeks that bitcoin was being sold at a big discount anybody who knows better specifically the whales have been filling their cold storages with bitcoin by buying it cheap.

[Gozie51]

I just understand too that the bankruptcy level of government is high plus this recent global health issue, I believe many countries will go into recession. The solution is to try and be independent and not wait or expect the government to spoonfeed you.

[LeGaulois]

I would agree we are also starting to see the emergence of CBDC (Central Bank Digital Currency)  The bank of England just set forth there proposal for this fully tracked digital currency people will soon start to realize that they enjoy the freedoms that anonymous payments give them and once they know that they will be fully tracked by the new system people will flock to Bitcoin as the solution.

I already jumped in the worm hole the other side is great!

Do you think it's something new? Central banks have been working on CBDC since 2017 and perhaps more. Of course, it will be "fully tracked" like you say ad we won't have anonymity using it.

But what is different compared to today? Do you think we're anonymous when we're using our card? Nope, they know what is your best supermarket, what's your ISP provider, electricity... They can know what brand do you smoke, they can know when your wife has the menstruation and more.

And you think people are stupid as much as they don't know it and how far it can go? Of course, they know but the majority is fine with it and they will fully embrace CBDCs

[amishmanish]

World over, the growth pundits say that to boost consumption, you need to lower interest, give out investment loans, put money in the hands of people and the cycle will continue. How exactly do they model injecting trillions of dollars in one go? US Federal reserve is sending out dollars to its own financial institutions as well as to other central banks.
That effectively means injection of fresh money in the world economy without any real economic activity, which means inflation, which means fiat savings lose their value more and more. At such a time, diversifying into a form of investment like bitcoin which is effectively free from such policies is the most prudent, long term decision one could take.

[bitbunnny]

I just understand too that the bankruptcy level of government is high plus this recent global health issue, I believe many countries will go into recession. The solution is to try and be independent and not wait or expect the government to spoonfeed you.

That is true but for many easier to say than to do. Not everyone can afford to be independent whether with fiat or cryptocurrencies savings and many will depend on government charity.
We are heading towards recession that might be long and deeper than we all can expect at the moment. Some will turn to cryptocurrencies as a safe harbour but it's yet to see if this will be the way to fight global recession.

[Slow death]

honestly I see this year as a year of disaster, even if halving this year I still consider this year to be a disastrous year, by that I mean that this year's halving will not have a big impact on the price and I highly doubt that it has great attention , this is a year of disgrace. at least the price is not falling much and it did not fall below $5000 which shows that there is still some hope that next year we will see very high prices, but for this year I think the maximum we will see will be $9,000

[Heisenberg_Hunter]

We are going to experience a global recession in the upcoming days which might be far more worse than the 2008 great recession. Government is printing trillions of money and we are still paying out our taxes regularly. If they are printing more and more to prevent the upcoming recession to certain extent, why should they totally depend on our taxes? With the concept of limited capped value something like bitcoin's total supply comes into existence and being understood on a global scale, we would be seeing far more interest towards bitcoin being used as a form of currency in most of the shops around us.

But the problem we are currently facing is that, majority of the people are still holding their belief on the government backed unlimited shit currencies which isn't going to last longer. Governments are suppressing bitcoin as they are fearing about the global adoption which might post a risk to their government backed currencies. Adoption is one of the major cause which is certainly required to rise the price of bitcoin and to make them as a globally accepted currency. For that, we the bitcoiners should initially educate these citizens on the positive aspects of bitcoin as a whole.

...snip...

satoshi could have been one among the people who was affected greatly due to the early 2010 recession and this could have been one among the primary reasons for creation of a currency which doesn't depend upon the governmental values. Similarly, this second greater recession exactly after a decade could be seen as a turning point for bitcoin adoption as people are well aware of the consequences which they are going to face after the pandemic has reached an end. The bitcoin market is new and still maturing, thus we need another more decade to truly know the price of 1 bitcoin before they come to an end of inflation or deflation.

[Chris Barth]

This actually made me smile. It's cool to see such energetic post regarding the upcoming bitcoin halving. Honestly, I haven't seen one before. It's my first time, and I can't wait for it as a lot of people keep talking about you. See you on the other side ☺

[Chrystora123]

The moment we've been waiting for has finally arrived.

The world is at a standstill. Governments and private entities are pumping out trillions and trillions of worthless fiat to bail out the top 0.01% again. Meanwhile, Bitcoin is sitting pretty on the sidelines.

The block reward halving is about a month away.
Exchanges are seeing a huge surge in new customers.
Bitcoin courses are filling up.
Google searches are up.
Trust in ever-increasingly authoritarian governments is failing worldwide en masse.

To say I'm bullish on Bitcoin would be to say I enjoy breathing air.

nice word.. Bitcoin is very powerful in this "PANDEMIC" condition, unlike fiat currencies in almost all countries that fall..

snip..

being independent is a must in this condition.. I see a lot of unemployment arising from this "PANDEMIC" makes the economic turmoil more chaotic.
 there are currently 3 government jobs in almost all countries -> facing economic turmoil, feeding unemployment and cutting the coronavirus outbreak..

[rexxarofmoknathal]

And yet Bitcoin isn't ready.

The network can only achieve around 7-10 tps without relying on second-layer solutions... That's barely enough to handle the current demand, and you think it's ready to handle a potential spike?

If the entire world goes to shit right now, Bitcoin will buckle under the pressure if it somehow becauses the de-facto alternative to fiat.

Anybody disagree?

[Kelvinid]

It is always our chance as I thought.
Bitcoin price isn't so high, altcoins drop again, and we can make buy all of them. People should have to take a look at the current market condition. The global market suffered from coronavirus but we are not getting slip into it badly. Though the prices aren't showing in the bullish, however, we can see that the market still healthy and at any time, it possible to rallying back high again. Take the risk and see the result.

[Jating]

This actually made me smile. It's cool to see such energetic post regarding the upcoming bitcoin halving. Honestly, I haven't seen one before. It's my first time, and I can't wait for it as a lot of people keep talking about you. See you on the other side ☺

It's less than a month from now, everyone is really excited about this event, so those who have seen it before are again very energetic and enthusiastic because this is one positive news that we all have been waiting for. And with the Covid-19 pandemic and the looming financial crisis at hand, halving is the like the ace in our sleeves to fight this negativity right now.

[Sayma83]

No matter how hard you try, Bitcoin cannot be overstated, governments of different countries are pursuing Bitcoin because of their own interests, because they see the rate at which government-run currency transactions are going down, once the banks may become empty, Then the economy of the government will collapse, there will be no free money in the bank through which the government will announce the budget, you will not get any texts, banks will come. This is going to go down, so the governments of different countries are trying to curb the use of Bitcoin, but the government has not been as successful in those measures, as reports from the past show that the new user of Crypto Market Exchanger is increasing, which is higher than ever. Too much, and at this time a study by Covid19 found that the virus spreads between the bank's paper money, so no one knows. Understandably, he does not want the virus to come into his body, thus the use of bitcoin in the coming days will be greatly enhanced, and the use of other digital currencies, as well as the price of Bitcoin will be increased.

[kawetsriyanto]

Bitcoin price isn't so high, altcoins drop again, and we can make buy all of them. People should have to take a look at the current market condition.

Yes, the market trend showed red price moves again today. However, never do something blindly, market trends are totally unpredictable. So, if you plan for short terms, be careful to choose the right coins. While if you want to set for a long term, you are better to choose proven coins such as Bitcoin or Ethereum.  

Though the prices aren't showing in the bullish, however, we can see that the market still healthy and at any time, it possible to rallying back high again.

Market is in good condition even the price is not in green. I think both price in green or red, the market is healthy. As long as there are many people who trade their coins in exchanges, crypto market will be always healthy. Yep, there is always a chance for market to grow up quickly.

[bythesea]

I bought about 50ETH before it jumped to >1000$ for about 60$/ETH and sold all when the price got to 800$ ( set my goal and waited). My goal is to invest 10,000$ into BTC, ETH and Tezos and wait till they triple in value and I think it will be in next 12 months.

[seoincorporation]

A big change is coming i can feel it too. And i agree is the time to wake up and find our real financial freedom. With all this crisis in the world the trust is going to hell, we can't trust our govs or our banks, so, our only hope is to trust in cryptos. That's the clean way to get out of this crisis.

[JeromeTash]

And yet Bitcoin isn't ready.

The network can only achieve around 7-10 tps without relying on second-layer solutions... That's barely enough to handle the current demand, and you think it's ready to handle a potential spike?

If the entire world goes to shit right now, Bitcoin will buckle under the pressure if it somehow becauses the de-facto alternative to fiat.

Anybody disagree?

I am a firm believer of bitcoin and a few other altcoins. I store most of my money in crypto form, I do my refills and some online shopping using BTC or gifts purchased using BTC. The only time i use fiat is maybe when i need to buy food and do a few offline transactions.

But what you said is my worry too... what happens if we get 1/5th of the world population suddenly starts using BTC and transacting in BTC?
The fees alone would go to the rough (read the bull run of 2017)