Kara3 (OP)
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September 29, 2023, 09:41:27 PM |
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When I think of the few Bitcoin I have, it gives me joy.
For the past 2years I have been into cryptocurrency, I have come to understand that Bitcoin doesn't just give you value, it also gives you security, even last year February when i was just a few month old in experience, when the Ukraine Russian war drove down the price of Bitcoin to 15k most people lost hope. people where saying all sorts of discouraging word about Bitcoin and the crypto industry, I still have faith, and Bitcoin proves me right, he rallies back without remorse.
All In all, All what Bitcoin have been through from the hand SEC, government and external issues that affected it, It still stands strong, one of the best gift we can give to our children as inheritance is to accormulate as much Bitcoin as possible, because after now, the value will be priceless. Bitcoin is here too stay because it's the future of money
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Z-tight
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September 29, 2023, 10:01:35 PM |
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For the past 2years I have been into cryptocurrency, I have come to understand that Bitcoin doesn't just give you value, it also gives you security,
The BTC network is secure, but the BTC's people store in their wallets locally isn't secure by default, the users have to secure their wallets themselves by using airgapped or hardware wallets and providing secure backups of their recovery phrase, etc. All what Bitcoin have been through from the hand SEC, government and external issues that affected it, It still stands strong,
Talking about the sec, i guess you mean the delay in approving BTC spot etf's, and their regulation of crypto exchanges, take note that the BTC network is secure and decentralized and no institution can control or have any effect on the network in itself, they can only make policies or decisions that can influence the price of BTC.
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Clark Anderson
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September 29, 2023, 10:12:23 PM |
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Good to know that your Bitcoin investments are doing well, congrats on that, i'll say the same to myself too, as mine brings me joy as well but it's important to know that crypto market is very unpredictable and is bound to face challenges in the future as well. so there are no 100% guarantees of anything that will happen in the nearest or far future, therefore my advise to everyone is we should all tread carefully and trade wisely.
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serjent05
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September 29, 2023, 10:58:18 PM |
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It is known that the Bitcoin market has the capability to recover. We have seen it on the Bitcoin history chart that whenever the price of Bitcoin plummets, Bitcoin comes back with a rally of its own surpassing the recent all-time high and even recording a series of ATH-breaking events.
Aside from that, the adoption of Bitcoin is unstoppable even if the government bans Bitcoin, its citizens keep on engaging with Bitcoin making the government give in and accept it with some regulation being implemented.
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Ultegra134
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September 29, 2023, 11:21:11 PM |
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When I think of the few Bitcoin I have, it gives me joy.
For the past 2years I have been into cryptocurrency, I have come to understand that Bitcoin doesn't just give you value, it also gives you security, even last year February when i was just a few month old in experience, when the Ukraine Russian war drove down the price of Bitcoin to 15k most people lost hope. people where saying all sorts of discouraging word about Bitcoin and the crypto industry, I still have faith, and Bitcoin proves me right, he rallies back without remorse.
All In all, All what Bitcoin have been through from the hand SEC, government and external issues that affected it, It still stands strong, one of the best gift we can give to our children as inheritance is to accormulate as much Bitcoin as possible, because after now, the value will be priceless. Bitcoin is here too stay because it's the future of money
I admire your passion for Bitcoin, being persistent with your coins and investments, and not being disappointed during the bear market; that's important, but I'll have to disappoint you regarding the SEC you mentioned. I'm guessing you're referring to the incident against Binance.US a few months ago, which did put a decent dent on the market. However, the lawsuit didn't include Bitcoin; it was after a large number of altcoins and tokens that were labeled as securities, which also included BNB, Ripple, Dash, and plenty of others. Bitcoin was never mentioned as a security or a liability. So yeah, the government is yet to go against Bitcoin, nor does it claim it as a security.
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SamReomo
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September 29, 2023, 11:26:29 PM |
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when the Ukraine Russian war drove down the price of Bitcoin to 15k most people lost hope.
It wasn't just Ukraine-Russian war that led to drop in the price of Bitcoin in 2022 to levels below $16k but there were other factors involved as well. One of the worst event that led to sudden drop of Bitcoin in 2022 was depegging of TerraUSD and and sudden price drop of Terra Luna due to over supply. That useless coin created fear in the minds of the investors and the rest was done by the so-called influencers who were just there to make money out of the ad revenue from YouTube and promoted fake news about crypto world. Another worse event that caused Bitcoin price to get dump was the failure of Celsius network due to bankruptcy. That company lent a lot of money to investors and suddenly when it went bankrupt the crypto-market has seen another huge dump. The final value drop of Bitcoin was done because of that so-called centralized exchange FTX which caused the Bitcoin value to go below $16k levels. People were very happy with the FTX exchange and they have deposited a lot of their Bitcoin and other crypto-currencies into the wallets of that exchange. When that exchange went bankrupt all of the users lost their money and that caused the worst fear in the crypto market. The Bitcoin enthusiasts found opportunity to accumulate more and more Bitcoin during those events and most of them are still holding their Bitcoin in hope that in 2024-2025 Bitcoin will have another ATH and then some of those enthusiasts may sell few of their Bitcoin and wait for another bull run in order to accumulate more Bitcoin.
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CryptopreneurBrainboss
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September 29, 2023, 11:32:28 PM |
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When I think of the few Bitcoin I have, it gives me joy.
For the past 2years I have been into cryptocurrency, I have come to understand that Bitcoin doesn't just give you value, it also gives you security, even last year February when i was just a few month old in experience, when the Ukraine Russian war drove down the price of Bitcoin to 15k most people lost hope. people where saying all sorts of discouraging word about Bitcoin and the crypto industry, I still have faith, and Bitcoin proves me right, he rallies back without remorse. Among other cryptocurency existing, Bitcoin is the most trusted and securest to invest into because it has proven severely why it's the coin to depend on as you can be guarantee that your investment isn't going to be wasted unlike when you invest into altcoin that there future aren't guarantee as they mostly get pumped and dumped. Bitcoin has a four year price cycle as after every bear market, it's design to increase back in valued after Bitcoin halving so if when you invest during the bear season of the market, you can be guaranteed profits in the bullish season. Bitcoin price can't stay bearish forever as the price will always find its way back up after sometime of bearishness. one of the best gift we can give to our children as inheritance is to accormulate as much Bitcoin as possible, because after now, the value will be priceless. Bitcoin is here too stay because it's the future of money
We're at the early stages of Bitcoin adoption and possible seeings the cheaper price one Bitcoin will be worth so now is the best time to accumulate bitcoin not just for ourselves but for our bloodline because in the future when Bitcoin will be more valuable and acceptable, it would be of great regret if we didn't Invest in Bitcoin as we missed out on a life time opportunity of profits, investing in Bitcoin will be giving in the future. Bitcoin is going to be around for a long time and will reward those who'll have patience to invest and hold.
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bhadz
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September 29, 2023, 11:55:54 PM |
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one of the best gift we can give to our children as inheritance is to accormulate as much Bitcoin as possible, because after now, the value will be priceless.
Certainly one of the best things that we can hand them as inheritance but it's also good if you're able to sell at the peak or high price and then buy them other fulfilling assets like land properties which they don't have to deal with such volatilities. Not really a problem if we hand them over one bitcoin or a few of them as the value grows higher over time. But as we take the risk for now, we don't know if our children will be able to handle the risk that it has. They're unlike us but who knows if they'll be able to show or inherit as well the risk management that we've got. Bitcoin is here too stay because it's the future of money
No doubt that it's here to stay and about being the future money, it's like one of the common beliefs that I've had when I was new but it'll change over the period of time and as years pass by. But we're on the same belief that it's certainly here to stay and not just about it as future money but as a great store of value.
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Darker45
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September 30, 2023, 02:32:20 AM |
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If there was much hope when Bitcoin was in its earliest days, there's much more now when Bitcoin has already earned the trust of many across the world. Bitcoin is so much stronger now. If all those efforts to kill Bitcoin were all big failures in the past when Bitcoin was still unknown, further efforts against it when it has already grown much more formidable will all be nothing. If we go back to what Bitcoin has gone through in the past to arrive at what it is today, I don't think somebody reasonable would worry about its future.
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adaseb
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September 30, 2023, 02:44:38 AM |
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The Russian war had nothing to do with bitcoin dropping to $15K. The Russian war had the biggest impact on price of oil and Russian currency. The reason why it fell to $15K was due to the FTX scandal.
FTX was #2 largest exchange in terms of volume and the SBF owner was trusted by many individuals, so when it went bust, trust was lost in the community. And hence it had a huge dump to $15K.
BTC and ETH held up pretty well. Look at other coins such as SOL which basically lost a significant amount of value. It wasn't a good time for crypto but we all survived.
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Don Pedro Dinero
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September 30, 2023, 03:30:21 AM |
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one of the best gift we can give to our children as inheritance is to accormulate as much Bitcoin as possible, because after now, the value will be priceless.
I agree. Bitcoin is here too stay because it's the future of money
I don't think it's exactly the future of money, as we already have plenty of alternatives for it, and more than we will have, with the shitcoins that are being created all the time, plus CBDCs. Money as an exchange mechanism is something that people don't want to save and instead it is worth saving bitcoin, so I think bitcoin in the future will be like at the present but with much more value, as the best store of value in the world.
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Pingrapole
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September 30, 2023, 03:54:16 AM |
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I have heard from experiences that Bitcoin will shine very brightly whenever the price goes down, and it has reached a better position than the previous one. And the price will increase in a way that we may not have imagined It is not right to do anything by blindly believing only one should have proper knowledge and a lot of experience in trading or anything else or little knowledge will be dangerous.Although many countries and institutions have banned this currency, its progress has not stopped.Security is very important to Bitcoin as this currency is supposed to be secure and has up to now confirmed this idea.Prices have been falling since 2022, but I think it is oversupplied because of the front Maybe that's why halving is happening and everything is quiet before the big change It is wise to save for the future by looking at the past days of this system rather than judging the future by looking at the current market value as this digital currency will rule the days ahead.According to many, the value of this currency has decreased due to the war in Russia, so I think it is baseless because it did not happen only with Russia, but with the whole world.In conclusion, since Bitcoin is always struggling and will continue to struggle, it is wise to save for the future. The belief that there was in the past, now there will be in the future, and there will be in the near future will be created very soon.
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jasonjm
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September 30, 2023, 04:43:24 AM |
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when the Ukraine Russian war drove down the price of Bitcoin to 15k most people lost hope. people where saying all sorts of discouraging word about Bitcoin and the crypto industry, I still have faith, and Bitcoin proves me right, he rallies back without remorse.
A currency's potential and strength are tested in difficult times. Bitcoin is an asset as well as a currency. Bitcoin has survived the worst economic conditions thus far, and if we look at the past trends, it is clear that Bitcoin bounced back stronger after a price dip. After this prolonged bear market, people are losing hope, but I think the worst is over, and now we will be going to the moon in a year or so. Invest in Bitcoin for the long term and have your much-needed financial freedom after a few years.
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yhiaali3
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September 30, 2023, 05:29:03 AM |
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This is because Bitcoin is here to stay. The invention of Bitcoin was not a random event that happened by chance, but rather was the result of deep thinking by a genius personality to solve the problems of the global monetary system.
Bitcoin has many unique characteristics that make it withstand the war directed against it for a long time. The SEC was the fiercest enemy of Bitcoin, but yesterday Gary Gensler admitted his defeat before Congress and bowed before Bitcoin.
The length of the battle is not important, but the final result is important, and I clearly see that Bitcoin will emerge victorious from this war, as it did every time.
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rachael9385
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September 30, 2023, 05:46:02 AM |
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If the Russian and Ukraine wars affected Bitcoin in price, I don't think up till now Bitcoin would have increased to this extent, so this is to say the war doesn't consigns Bitcoin at all, it was when the best exchange called the FTX crashed, that was when Bitcoin dropped to $15k and some people were scared to invest because of the incident. If I were those people who lost hope for Bitcoin, I would have used that good opportunity to buy more and hold. Although people must have fear when their investment is going the other way round, as long as it is called an investment, even the price dropping wouldn't have given you any fear, because it is a normal thing in investment. The important thing is that, no matter how Bitcoin reduces, Bitcoin will still increase and when Bitcoin reduces, Bitcoin gives another chance to those that are not yet investors to take part in the investment, but it is for them to either take a bold step to invest or to still be scared and procrastinate.
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lombok
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September 30, 2023, 05:56:15 AM |
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Bitcoin is here too stay because it's the future of money
I don't think it's exactly the future of money, as we already have plenty of alternatives for it, and more than we will have, with the shitcoins that are being created all the time, plus CBDCs. Money as an exchange mechanism is something that people don't want to save and instead it is worth saving bitcoin, so I think bitcoin in the future will be like at the present but with much more value, as the best store of value in the world. I agree with your opinion. When it comes to currency, perhaps CBDC will be a replacement. But if the problem is investment and store of value, Bitcoin is a perfect fit. The value of Bitcoin is getting higher and may surpass the price of gold. This is due to the uniqueness and scarcity of Bitcoin.
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mindrust
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September 30, 2023, 06:02:24 AM |
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It is because no matter what happens in the world, bitcoin will always have some use to some people and for that reason , there will always be some demand for bitcoin. That means bitcoin will always have a price support. That support was around $15k (probably higher now) and that support level will keep going higher because the adoption of btc is getting better and better every day. In this context it is almost impossible to lose money if you hold btc long enough and if you buy btc from these support levels you will generate great returns.
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bayu7adi
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September 30, 2023, 06:18:29 AM |
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one of the best gift we can give to our children as inheritance is to accormulate as much Bitcoin as possible, because after now, the value will be priceless. Bitcoin is here too stay because it's the future of money
What do you mean by the future of money here? Will Bitcoin become a replacement for the USD? It makes more sense as a store of value rather than a currency. We know that its limited supply will make Bitcoin a rare asset and highly appealing for speculation. It's common knowledge that Bitcoin exists with the aim of replacing the centralized financial system, but is that even possible? Bitcoin has its supporters, and the USD has its supporters too. As long as the USD remains more mature, the idea of replacing it with any currency seems improbable. This is closely tied to the sovereignty and power of institutions associated with the USD. It's not a bad idea to consider Bitcoin as a legacy, but personally, I prefer to utilize the majority of my BTC while I still have control over it.
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benalexis12
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September 30, 2023, 06:48:49 AM |
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When I think of the few Bitcoin I have, it gives me joy.
For the past 2years I have been into cryptocurrency, I have come to understand that Bitcoin doesn't just give you value, it also gives you security, even last year February when i was just a few month old in experience, when the Ukraine Russian war drove down the price of Bitcoin to 15k most people lost hope. people where saying all sorts of discouraging word about Bitcoin and the crypto industry, I still have faith, and Bitcoin proves me right, he rallies back without remorse.
All In all, All what Bitcoin have been through from the hand SEC, government and external issues that affected it, It still stands strong, one of the best gift we can give to our children as inheritance is to accormulate as much Bitcoin as possible, because after now, the value will be priceless. Bitcoin is here too stay because it's the future of money
The investor should not be in the habit of regretting the investment, because an investor knows what he is buying and believes why he will do it. Just like with Bitcoin, what is the reason why so many people are attracted to investing in it? First, its network is really secure because it is decentralized and also because of the blockchain technology it has. And you shouldn't have doubts when you invest in it; you should have 100% trust and belief in it because it's your asset, and that's normal. It's abnormal if you invest in it and then you have doubts about it; in short, it's called stupidity. It seems that Bitcoin is simply proven and tested and has stood the test of time.
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Latviand
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September 30, 2023, 06:53:50 AM |
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It is because no matter what happens in the world, bitcoin will always have some use to some people and for that reason , there will always be some demand for bitcoin. That means bitcoin will always have a price support. That support was around $15k (probably higher now) and that support level will keep going higher because the adoption of btc is getting better and better every day. In this context it is almost impossible to lose money if you hold btc long enough and if you buy btc from these support levels you will generate great returns.
We can never know for sure if this is for real, bitcoin hasn't been in existence when the significant economic crisis has happened and no significant wars that devastated economies has happened while bitcoin has been in circulation, unless we see any of that ever happen, that's when we will be sure that bitcoin is crisis proof as many people say. But for now, we can all just hope for it that it's not just a theory. Regarding it's growth and security though, in an economy like this bitcoin is definitely the better investment for any plebs that aren't in the big leagues.
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