Is bitcoin truly moving forward?

[bosede1]

Anybody investing in Bitcoin should know what he is into, as at the date you posted if the person holds till last month you will know that the rate at which the profit increased is not a joke which I don't think any gold holder has access to in like a year. Life itself risk is associated with not talking about business.

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[kojektea]

Bitcoin will continue to move forward technologically, but the price will of course be easily manipulated by the popularity of a whale, but I'm sure this is only temporary, lately Elon Musk's fomo is starting to be unbelievable. This signifies bitcoin is very advanced in terms of technology. Not from the other side.

Bitcoin is moving forward and the awareness is increasing on a daily basis.

And the more bitcoin tries to be preached in terms of good and bad, the public will be more interested in bitcoin, We've been through it in 2018, followed by the presence of tesla in this year, bitcoin will only be famous, I really like bitcoin technology, using bitcoin as a means of investment is the right choice.

[moderator's note: consecutive posts merged]

[lunaBTC 12]

The answer is yes. Bitcoin has been developing for 12 years since it came into being, and there will be more in the next 12 years

You only focused on the price of bitcoin at that time. But the development of bitcoin is not only reflected in the price of bitcoin, but also people's recognition of bitcoin.

For example, Japan, Germany, the United States and other countries support bitcoin payment.

[KaliLinux]

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?. Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.

I hope you are still in the forum and even not in crypto you must have seen how far Bitcoin has come from the $20k you mentioned back then to above $60k  recently. If you were truly a crypto enthusiast and have studied a bit about the past Bitcoin price even before you made your post back then, you must have seen how the price has changed over the years, and up till now, we still have people like you panicking every time Bitcoin price dips a bit.

[Lordhermes]

If you closely observe Bitcoin, right from how it started and where it had gotten, you will understand that Bitcoin is truly moving forward. When it all started in the year 2009, it value was $0. We all know Bitcoin to be an unsable coin, which it prices rises and falls.
And when Bitcoin falls, as an investor, you take advantage of the situation by buying more of it. Because it will surely bounce back. Is time we stop panicking about the present situation of Bitcoin.

[Weawant]

Good question. Technically, bitcoin started from the lowest and it did go up to somewhere up which no one could ever imagine. Meaning to say that, people who went in from the highest price of the bitcoin and was expecting to profit is somehow something that has to be argued with.

Bitcoin is not your typical investment vehicle. People only invest here by choice and without force. Risks are transparent enough for the people to decide their fate. Lows are already expected unless you believe that things go as fantasy.

The point is, people only believe when things have results. Then they expect to have the same when they go in. They feel like things go like that but it's not. This applies in investors who only feared on missing out. That's their problem. We're good at what we know and what we're doing. Unless they seek advise and help and personally reach us. We would be more than happy to assist.

[verita1]

OP, please. Why are you so confused? I think you should follow the right people on Twitter. I have not missed the 2021 Bitcoin Conference.

https://twitter.com/TheBitcoinConf?s=09

Let me tell you that it is incredible, very positive for the community and good news how it is.

President of El Salvador, Nayib Bukele: "Next week I will send to congress a bill that will make #bitcoin a legal tender."

https://twitter.com/BitcoinMagazine/status/1401279550538108933?s=19

"[Strike] wants to make cross-border payments free ... El Salvador is a great example. It's a country that uses the dollar because in a civil war it lost it's own currency. It's a country where over 20% of GDP is remittance. " -Jack

https://twitter.com/TheBitcoinConf/status/1401278223233609728?s=19

El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻

https://twitter.com/BitcoinMagazine/status/1401280176890261506?s=19

[apityeh71]

I know first about Bitcoin in 2016, in that times the price was around $400. I buy it some and then sold it all in price about $800. Now I regret sold it, because now the price is touching $64k. So from my story, actually Bitcoin is good asset for long term invesment, its not for short term investment because probably we get loss.

[AicecreaME]

In my perspective, bitcoin is indeed moving forward. From the day of its establishment, major positive changes were seen. Of course there are some bumps along the way, but bitcoin managed to overcome. There were numerous instances that its value dumped because of several allegations and false statements made by some known people. Bitcoin's reputation has been tampered, especially to the mainstream media because of scams and schemes they are trying hard to relate bitcoin with. However, bitcoin is still soaring and even managed to surpass the threshold.

Bitcoin is known for its decentralized nature and its volatile rate. It is normal and usual day if its high value goes down and vice-versa. If you are worrying about bitcoin's position on the chart, fret not if you are an investor. Because surely its value will recover and bounce back in no time. It is the traders job to monitor the price in the market because that is how they make profit.  

[Woodie]

Call it depreciation,  a pull back, price consolidation or a crash believe it or not people get excited about this as this presents an opportunity to buy lower than it was and not really scaring people.

If people take the path of checking price every second..
tbh people wouldn't last a second in these markets because volatility is the name of the game! Buy and hodl, and stay away from these charts but checking on your portfolio once in a while is okay so that if markets go up you can take out some profits or if markets go down you could bag more crypto coins into your portfolio.

And yeah bitcoin (crypto)is moving forward.

[electronicash]

Call it depreciation,  a pull back, price consolidation or a crash believe it or not people get excited about this as this presents an opportunity to buy lower than it was and not really scaring people.

If people take the path of checking price every second..
tbh people wouldn't last a second in these markets because volatility is the name of the game! Buy and hodl, and stay away from these charts but checking on your portfolio once in a while is okay so that if markets go up you can take out some profits or if markets go down you could bag more crypto coins into your portfolio.

And yeah bitcoin (crypto)is moving forward.

when price is extremely volatile just as what we exprience, its not going to be  very fitting for a regular currency use like what El Salvador President wants. but yes BTC will move on despite this bear market. it will months to years though before it could regain back again. it sdepend to the crisis and if there will really be a war.

[TOM Bb]

Indeed, Bitcoin has the greatest potential for decentralization as the currency of the world: Bitcoin is the first distributed virtual currency. The entire network is composed of users and there is no central bank. Decentralization is the guarantee of Bitcoin's security and freedom. Circulation around the world: Bitcoin can be managed on any computer connected to the Internet.

[LUCKMCFLY]

I think that one of the most common ways that BTC continues to advance is because it has the support of very good investors, not only those investors who do not make themselves known, or who are on a small scale, but also large ones, such as MicroStrategy. , as it will increase the sale of junk bonds by 500 million dollars to buy more bitcoins

MicroStrategy announces pricing of $500 Million of 6.125% Senior Secured Notes due 2028 to acquire additional #bitcoin. $MSTRhttps://t.co/qEhHtJS69Q

— Michael Saylor (@michael_saylor) June 8, 2021

MicroStrategy has already issued convertible bonds worth around $1 billion in its mission to scoop up more BTC. However, this is the first-ever corporate bond sale with proceeds earmarked for such purchases as Saylor continues on his quest to make it an official corporate strategy.

Source: https://cryptopotato.com/microstrategy-boosts-500m-junk-bond-sale-to-buy-more-bitcoin/

This means that the more time passes, more investors will believe in BTC and therefore the price will continue its bullish turn. So things are going in a good way as time goes by, it is a safe action or currency.

[Gamerholic]

Bitcoin is always moving forward. For such a strong technology, the period between its beginning and what we have now is negligible. Although during this time we have already seen how seriously everything has grown around this historic white sheet and what wonderful projects it has overgrown. I think this is just the beginning, and then the world will finally accept Bitcoin and other cryptocurrencies, and at the same time a community that will expand many times and build a new, more just world.

[isaac_clarke22]

~

It's not supposed to be the price that we should term the "moving forward" when it comes to Bitcoin and as well as "the future".
How about we all focus sometimes in the adoption as well as the term of moving forward? It will come along with the price we're talking about in here.

[GeekWisdom]

My favorite part of this thread, is how it basically answers itself over time.  Even if no one else every made any comments under the original OP and it just sat there

When posted prices was about $10-$15k, 8 months later it is roughly 3 times higher.

Is it truly moving forward, um...there seems to be a fair bit of evidence showing it is

[bayu7adi]

The higher the Bitcoin price pumps, the bigger the % correction that will occur after reaching the peak. This is a condition that is easy to read and also allows us all to learn to be calmer in holding digital assets. Never panic when a correction occurs, because every price correction will bounce again to get a more suitable stable price.
Use common sense, and don't be greedy, human poverty starts with greed and doesn't care about other people.

[DoublerHunter]

The higher the Bitcoin price pumps, the bigger the % correction that will occur after reaching the peak. This is a condition that is easy to read and also allows us all to learn to be calmer in holding digital assets. Never panic when a correction occurs, because every price correction will bounce again to get a more suitable stable price.
Use common sense, and don't be greedy, human poverty starts with greed and doesn't care about other people.

^ I disagree with this logic of yours, BTC will always have an ATH or all-time high and it will probably decrease more or less 50% from the ATH that BTC recently reach. Yes, BTC is truly moving forward because as we see this year there is another ATH and we expected that after 4 years there will be a new ATH will come. The demand and supply will always matter on the price and I think, if you can see around, there are too many big investors that recently adopted BTC as their investment just like Microstrategy and the biggest Telsa company.

[bayu7adi]

^ I disagree with this logic of yours, BTC will always have an ATH or all-time high and it will probably decrease more or less 50% from the ATH that BTC recently reach. Yes, BTC is truly moving forward because as we see this year there is another ATH and we expected that after 4 years there will be a new ATH will come. The demand and supply will always matter on the price and I think, if you can see around, there are too many big investors that recently adopted BTC as their investment just like Microstrategy and the biggest Telsa company.

Every 4 years, there will be an alt season and BTC will reach its newest ATH after the halving. The price correction I mean is when BTC reaches a new ATH, there will be a bearish condition, and after that the prices of all cryptocurrencies will stay at their new normal price after their latest ATH.

Investors will keep Bitcoin around and last longer, so this cycle will continue to repeat itself until it finds a point of boredom.

[ROSE B]

Obviously, Bitcoin has been moving forward. His shortcomings are slowly changing, he will develop more and more perfect in the future, and more people will come to believe in him.