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Author Topic: Bitcoin as an overachiever  (Read 307 times)
Barikui1 (OP)
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November 21, 2023, 07:30:18 AM
 #1

Since Bitcoin came into existence in Year 2009 it has overachieve in terms of it value,  and I believe that it will keep on gaining more hight.
 It have been been 14 years now, and the value is eye catching comparing to the price it started from.

Today, it competing with the very best in the market gold, crude, diamond uranium etc.
Those natural resources i mentioned have been in existence since the history of mankind,  but Bitcoin even as a 14 years old teenager is standing as tall as possible in the market.
I believe that we are still in the early stage of it growth, so that's why I will advice all to key into Bitcoin by accumulating it through the DCA method to build a generational wealth for our families.

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November 21, 2023, 07:39:12 AM
 #2

The key is make sure you're only invest amount that you can afford to lose and you will not touch it, many people are really focus to invest all of their money and then after few days or weeks they will ask "should I sell my coins now for urgent needs?".

If you lack of money and live from paycheck to paycheck, it means you need to find a high paying job first.

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November 21, 2023, 07:41:14 AM
 #3

Since Bitcoin came into existence in Year 2009 it has overachieve in terms of it value,  and I believe that it will keep on gaining more hight.
 It have been been 14 years now, and the value is eye catching comparing to the price it started from.

Today, it competing with the very best in the market gold, crude, diamond uranium etc.
Those natural resources i mentioned have been in existence since the history of mankind,  but Bitcoin even as a 14 years old teenager is standing as tall as possible in the market.
I believe that we are still in the early stage of it growth, so that's why I will advice all to key into Bitcoin by accumulating it through the DCA method to build a generational wealth for our families.


Has anyone asked for your advice? I mean, I mostly agree with what you said, but it's kinda funny how you just made a post about how BTC is good and why is it important to buy it. It's like no one knows that on the Bitcoin Forum.
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November 21, 2023, 07:49:14 AM
 #4

If you lack of money and live from paycheck to paycheck, it means you need to find a high paying job first.
Even with a high paying job, you're still going to have a hard time being able to maintain an investment with just one cashflow, what needs to be done besides finding that high paying job is for you to learn other trade skill or any service related skill and then try and capitalize on what you learn to make another cashflow but make sure that your side work doesn't interfere with your stable job because it's going to take a toll in your body and mind which is disastrous for you. Bitcoin isn't an overachiever, in my opinion it's more like it's not meeting people's expectations when it comes to price that it should be right now, some wants it higher while others don't want it to be that way but here we are, bitcoin being branded as an overachiever is a sign of perfection and bitcoin isn't a perfect thing.

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November 21, 2023, 07:57:12 AM
 #5

Has anyone asked for your advice? I mean, I mostly agree with what you said, but it's kinda funny how you just made a post about how BTC is good and why is it important to buy it. It's like no one knows that on the Bitcoin Forum.
I think what the OP is trying to say is Bitcoin has succeeded faster that was expected.
Quote
“I’m sure that in 20 years there will either be very large transaction volume or no volume.”
Satoshi Nakamoto 2010.
It's growth was within expectation. It was something like
either it performs exceptionally or catastrophicly.
The overachiever I can see it as, is evolving to meet various needs of the community; growing beyond been just a currency or means of payment.
Quote
bitcoin being branded as an overachiever is a sign of perfection and bitcoin isn't a perfect thing.
overachiever doesn't necessarily mean perfection. It means beating expectations.
Yes it has its flaws, passed through challenges but its persistence and survival is worth commending.
 It existing means People still want it and find it useful.

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November 21, 2023, 08:04:01 AM
 #6

If you look at Bitcoin as an investment or asset that increases in value quickly, then eventually a day will come when the market reaches a market capacity that breaks 4-year cycles, and then the reduction in the quantity supplied will have a minimal impact, making the price stable.
All technologies that benefit people and provide solutions are of high value. The irony is that the high value of Bitcoin appeared from the first years and did not wait 20 or 50 years as some companies needed.

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November 21, 2023, 08:04:08 AM
 #7

It is not competing with Gold, Diamond, Uranium or any other physical material in the world.  Bitcoin is a species of its own riding its own wave.  Gold has about no thing to do with Bitcoin, they are two different things.  I really do wish every body stopped comparing Bitcoin with materials.  Materials are used for many purposes other than being active on the Stock market and serve different purposes than Bitcoin.

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November 21, 2023, 08:04:35 AM
 #8

Since Bitcoin came into existence in Year 2009 it has overachieve in terms of it value,  and I believe that it will keep on gaining more hight.
 It have been been 14 years now, and the value is eye catching comparing to the price it started from.

Today, it competing with the very best in the market gold, crude, diamond uranium etc.
Those natural resources i mentioned have been in existence since the history of mankind,  but Bitcoin even as a 14 years old teenager is standing as tall as possible in the market.
I don't know where you get information for it but Bitcoin is the best performer in the last decade, it's true.

ROI chart https://casebitcoin.com/charts#roi_chart for Bitcoin, Gold, S&P 500, Long US Bonds (TLT)
Bitcoin vs Traditional Assets
Any better investment than Bitcoin? You can not have it.

But because you invest money in Bitcoin, you need to use non custodial, open source wallet to store your Bitcoin. Wallets like Bitcoin Core, Electrum wallets.
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November 21, 2023, 08:05:21 AM
 #9

If you look at the global population number and the number of people who are invested in Crypto, you will understand how much more is yet to be achieved by Bitcoin.
It's not an overachiever in my opinion, it's just the first-ever calculated profitable asset by a genius for a normal man providing us an opportunity to invest in something that is not under the control of Governments.
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November 21, 2023, 08:13:20 AM
 #10

Well, bitcoin to me is that best thing that have happened to mankind in terms of finance, or should I call it monetary system.
Bitcoin have completely changed how we see, perceive, invest and possibly use money, so for me, I also refer to bitcoin as the game changer.

Government have been in control of money for ages, they have been the major determinant of how much our fiat currencies should worth at any given, they controlled the masses by printing as much money as they require to enable them continue to be in power, and made sure the masses had as little money as possible so that the masses will forever depend on them(the government).

But bitcoin has completely changed that narrative, today, the masses have an option to either be liberated and enjoy the freedom they deserve, or remain bundled by the chains of the government.

Bitcoin is freedom, your money in bitcoin is completely under your control and not in the hands of any man, going forward, the value of bitcoin will keep appreciating over time, we who are here today still have some ample time to accumulate as much satoshis as possible.

But never should we forget "Not your keys, not your bitcoin".

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November 21, 2023, 08:40:13 AM
 #11

It's easier to get more rich when you have multiple source of income, investment is very hard to millions of people because they aren't making enough, some have reeposnibilties that's way too much for them, when they get their payment not a penny will be left behind for investment, it's not easy to be a Bitcoin investor but if you are making money from various ways you will find it easier to do.

As a Bitcoin investor, always make sure you invest money you can afford to lose and also make sure that the money is not for something else that you must do in few month later, the best money fitted for Bitcoin are money you don't need for a long period of time, and you will still be able to live your life comfortable.

A complete man must have savings aside, emergency fund aside and also investment fund aside, use the rest to take responsibility on yourself and your family, and pray that you don't see big problems that is too much for you and your family.

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November 21, 2023, 10:52:39 AM
 #12

The key is make sure you're only invest amount that you can afford to lose and you will not touch it, many people are really focus to invest all of their money and then after few days or weeks they will ask "should I sell my coins now for urgent needs?".

If you lack of money and live from paycheck to paycheck, it means you need to find a high paying job first.

Right. Bitcoin still has a lot to offer but we should not risk money we cant afford. Take your time to learn and earn the money to invest in BTC and youll get there. Only investing what you can afford to lose helps mitigate potential financial strain and building a financial safety net and focusing on stable income sources are wise considerations before pushing into more volatile investments like btc. It's essential to strike a balance between investing and meeting immediate financial needs.

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November 21, 2023, 12:34:46 PM
 #13

The key is make sure you're only invest amount that you can afford to lose and you will not touch it, many people are really focus to invest all of their money and then after few days or weeks they will ask "should I sell my coins now for urgent needs?".

If you lack of money and live from paycheck to paycheck, it means you need to find a high paying job first.

Right. Bitcoin still has a lot to offer but we should not risk money we cant afford. Take your time to learn and earn the money to invest in BTC and youll get there. Only investing what you can afford to lose helps mitigate potential financial strain and building a financial safety net and focusing on stable income sources are wise considerations before pushing into more volatile investments like btc. It's essential to strike a balance between investing and meeting immediate financial needs.

Bitcoin is truly a game changer in the world's financial system and it's a valuable asset for investment. So if it's all these why invest only what we can afford to loose? I think that this phrase relegates bitcoin to " shitcoin", because something valuable should not be invested with leftovers that we can afford to loose. Instead we should invest certain percentages of our income, just as we budget for our other needs. Except the individual that barely earns enough to meet his basic needs.

Because we trust that bitcoin will outlive us, and it'll continue to increase in value to guarantee future profitability. We can invest something tangible.


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November 21, 2023, 12:43:09 PM
 #14

Those who believe in the potential of bitcoin will try to collect more bitcoins to build a better life for their families. And now they still have time to do it before the price increases, which makes them disappointed because they missed out on investing in bitcoin.
Bitcoin is still in the early stages of its growth and will grow further in the future, especially if more governments accept bitcoin as a payment alternative to fiat.
And in investing in bitcoin, we don't need to buy bitcoin in full immediately, but we can buy it regularly with the money we can afford. By buying bitcoins via the DCA method, we will have a better chance of having lots of satoshis.

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November 21, 2023, 12:48:43 PM
 #15

Indeed, Bitcoin is a good investment, but if you understand more about the concept of Bitcoin, it is very good. For several years the volume of Bitcoin has increased until now, the extraordinary struggle can reach trillions of dollars which is very significant. on the other hand, it becomes part of the usefulness of helping people who understand crypto

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November 21, 2023, 12:56:38 PM
 #16

I just start to invest 10% of my current salary I think it will be good for my generation. Also I will try to invest more if I got any big allowance or bonus from my job or btc going to down more.
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November 21, 2023, 01:05:47 PM
 #17

Since Bitcoin came into existence in Year 2009 it has overachieve in terms of it value,  and I believe that it will keep on gaining more hight.

I have the feelings that even Satoshi Nakamoto himself never thought about seing bitcoin getting to this far by now, this alone is an impression shown on how the people were very eager with bitcoin acceptance because they realized the need for having a change in the way their financial lives is being handled by centralized bodies, this alone is quite enough to be used as the only reason why bitcoin can serve more than what the people thought about it.

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November 21, 2023, 02:09:53 PM
 #18

It's true that even after an era, Bitcoin's value continues. Bitcoin is an ongoing process even amid global instability. It is true that no one can say exactly how far Bitcoin is. Bitcoin is completely different from other precious physical metal products. Different types of people in our lifestyle. We are choosing Bitcoin investment as our future plan.Caution must be kept in mind while investing and using funds. Bitcoin can be a high risk-reward investment, and market conditions can change over time. But I support the Bitcoin investment system, investing Bitcoin as per the ability to reach unique heights of future lifestyle.

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November 21, 2023, 02:34:10 PM
 #19

Let's also see bitcoin as a store of value and hedge against inflation and not only the profit side. This might enable one to have that zeal to use bitcoin for his monthly saving buy buying bitcoin with the money, which is known as DCA. This is because fiat currency is depreciating and a time will come that people holding bitcoin will be happy that they kept their funds in bitcoin. The investment side is also something great because as long as you don't use the money for your monthly expenses to buy bitcoin, but only with the money that wouldn't affect your income, you will be able to hodli for up to 10yrs or more and increase your bitcoin portfolio bit by bit. I will say currently bitcoin is among one of the best investment, or if not the best investment that can generate a higher profit in the long term.

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November 21, 2023, 02:46:20 PM
 #20

Wrong comparison mate, you cannot just compare the value i think the overachiever status doesn't fit Bitcoin because we are still lagging in terms of adoption as it's been 14 years and how many supermarkets or convenience store accepts Bitcoin in your locality? we have to measure success in terms of adoption and I would like to give the example of Gold and Diamond, we all know that Diamond is much more costlier than gold but still people invest more in gold and they hold more gold than diamond. That's the way we have to look at it and I am a supporter of Bitcoin but we cannot have wrong comparison.









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