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Author Topic: Bitcoin is a different kind of wonder  (Read 398 times)
Zanab247
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January 19, 2024, 07:53:22 PM
 #21

That is why you see BTC continue spreading all over the world to attract people to seek for more knowledge of BTC because, the wonders people are receiving from the decentralized currency make them to believe that they have wasted a lot of years for centralized currency in their land but this year 2024 BTC will still display some wonders that will make the price to move above $50k before the end of January.

I don't think the bull run will reach 2026 but it will reach 2025 for investors to enjoy long bull run to recover from their losses they encounter last few years in the bear run.

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January 19, 2024, 10:24:55 PM
 #22

The way I see it, Bitcoin moves in a certain way, making three steps forward and two steps back. It reaches a certain price, then loses more than a half of it, but then gradually builds up toward a full recovery and even toward surpassing the previous ATH. What's important is that it always recovers and always move forward, which means that a bear market is not the end and doesn't have to result in a loss of money. It can be reasonably argued that there may come a point of no return, something from which Bitcoin never recovers. But the more times Bitcoin recovers, the stronger the trust in this tendency becomes, making it a safer asset.

Right! Bitcoin goes up, takes a dip, but then bounces back stronger. The fact that it keeps recovering builds trust, making it seem like a safer bet in the long run.
And even such a simple observation is beyond what most people can comprehend, since whenever the price of bitcoin takes a hit they sell their coins thinking that this is the end and that bitcoin is never going to recover, and then when bitcoin proves them wrong once again they get bitter about it and they wish they never sold their coins, buy into the market again when bitcoin is close to the top and repeat the same cycle all over again.

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January 20, 2024, 07:27:51 PM
 #23

It's just a narrative to satisfy you. It's demoralizing.

Throw some "shit" and see what sticks.
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January 20, 2024, 07:42:27 PM
 #24

Bitcoin is just another wonder of the world, although it is yet to find its way in the books of wonders earth has ever had, it remains undeniably the best human created wonder.

As for those looking at the price of Bitcoin to having made over 10,000 percent,  i will advice that you look at it from a different standpoint.

We are still early in adopting Bitcoin, and it is still  very much affordable to acquire since we still have a substantial amount circulating and not locked away in some offline wallet somewhere

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January 20, 2024, 07:54:09 PM
 #25

Bitcoin is just another wonder of the world, although it is yet to find its way in the books of wonders earth has ever had, it remains undeniably the best human created wonder.
Bitcoin is not a wonder of the world - but it is the result of a revolution in the financial industry. You should know exactly what bitcoin is and what is the wonder of the world - so I don't think it's worth it when you say it's the same. The high value of bitcoin does not make bitcoin comparable to the wonder of the world as you mean - so it doesn't feel right.

We are still early in adopting Bitcoin, and it is still  very much affordable to acquire since we still have a substantial amount circulating and not locked away in some offline wallet somewhere
Yes - everyone can always buy bitcoin whenever they want, even if they can only afford a few sats.

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January 20, 2024, 07:56:58 PM
 #26

That is why you see BTC continue spreading all over the world to attract people to seek for more knowledge of BTC because, the wonders people are receiving from the decentralized currency make them to believe that they have wasted a lot of years for centralized currency in their land but this year 2024 BTC will still display some wonders that will make the price to move above $50k before the end of January.

I don't think the bull run will reach 2026 but it will reach 2025 for investors to enjoy long bull run to recover from their losses they encounter last few years in the bear run.
there will be a halving quite soon and I think it will be this that will give the first impulse and trend for this year. It will now be more difficult for miners to mine it and it will be more scarce, most likely transactions on the network will also become more expensive, which in turn should cause the price of Bitcoin itself to rise, which many and they are waiting. I think this year will be decisive in many ways.

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January 20, 2024, 09:02:03 PM
 #27

That is why you see BTC continue spreading all over the world to attract people to seek for more knowledge of BTC because, the wonders people are receiving from the decentralized currency make them to believe that they have wasted a lot of years for centralized currency in their land but this year 2024 BTC will still display some wonders that will make the price to move above $50k before the end of January.

I don't think the bull run will reach 2026 but it will reach 2025 for investors to enjoy long bull run to recover from their losses they encounter last few years in the bear run.
there will be a halving quite soon and I think it will be this that will give the first impulse and trend for this year. It will now be more difficult for miners to mine it and it will be more scarce, most likely transactions on the network will also become more expensive, which in turn should cause the price of Bitcoin itself to rise, which many and they are waiting. I think this year will be decisive in many ways.
Zanab247, Bitcoin is a potential digital currency and people see it has the perfect alternative but that doesn't mean it's the solution to all financial-related problems. Let's be sincere, BTC still has a long way to go judging by the world population and the total number of people that are into BTC as we speak. Yes, more people will want to learn about it but now that BlackRock, etc are into it we should expect huge market manipulation just like they did with the setting they engage in, in the real world.

Nimogsm, BTC mining difficulty change every 14 days and it has nothing to do with block halving which the protocol of split into half the miners reward. Yes, the halving will create an impulse that will lead to market rally because it was purposely introduce by Satoshi to serve as inflation control.

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January 20, 2024, 09:27:32 PM
 #28

In your price journey, a bad omen was dropped because you mention $10k for 2024, in any case, predicting rising prices are all good but don't forget to have a plan for when the price doesn't work out as you thought.

I hope that in those moments you continue to think the same.

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January 20, 2024, 11:28:30 PM
 #29

The past few years have seen a noticeable and considerable improvement in bitcoin.
Given that bitcoin is already regarded as a valid type of digital currency and has received increased recognition and acceptance, its growth and adoption, in my opinion, have already been aided by a number of advancements that have already occurred.
 We are genuinely surprised by the substantial increase in the value of the bitcoin market since its launch.
It has attracted investors and speculators since, despite some volatile periods, the underlying trend has been upward.
I believe that bitcoin has become a notable investment asset as a result of its price increase. 

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January 21, 2024, 11:13:05 AM
 #30

Bitcoin has been a global wonder to people, since ever Bitcoin has been created it keeps adding values in every four years of Bitcoin halving occur and most early investors that sold out are regretting it by now. But is not too late to invest on Bitcoin, because in the next 8 years from now going to add more value and keep wondering people.
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January 21, 2024, 07:08:26 PM
 #31

Bitcoin is surely a rising star and has gained critical acclaim from the most famous people on earth. Despite not being in physical form the sheer security and intangibility of having these coins online and offline has proved to be the most sound and resiliant form of currency. Bitcoin is absolutely in a class of its own! In fact it made its own class and is the first in its own class so to speak. One day we will be looking back on these days and sharing with our loved ones that we witnessed history. Can you believe Bitcoin is only 15 years old?! Bitcoin has just got its learners permit to drive if it were a child haha.

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January 22, 2024, 06:02:11 AM
 #32

The way I see it, Bitcoin moves in a certain way, making three steps forward and two steps back. It reaches a certain price, then loses more than a half of it, but then gradually builds up toward a full recovery and even toward surpassing the previous ATH. What's important is that it always recovers and always move forward, which means that a bear market is not the end and doesn't have to result in a loss of money. It can be reasonably argued that there may come a point of no return, something from which Bitcoin never recovers. But the more times Bitcoin recovers, the stronger the trust in this tendency becomes, making it a safer asset.
Right! Bitcoin goes up, takes a dip, but then bounces back stronger. The fact that it keeps recovering builds trust, making it seem like a safer bet in the long run.
And even such a simple observation is beyond what most people can comprehend, since whenever the price of bitcoin takes a hit they sell their coins thinking that this is the end and that bitcoin is never going to recover, and then when bitcoin proves them wrong once again they get bitter about it and they wish they never sold their coins, buy into the market again when bitcoin is close to the top and repeat the same cycle all over again.
When you say "a hit" I think this can also mean that the price is rising, and there will also be people who will sell during it. And yeah, they can have that thinking that maybe this is the last high price that we will see for now? So instead of wasting the opportunity and waiting for a long time again for BTC to recover, why can't they just take it? Besides, they can still buy back again.

If we are talking about the dumps, there are instances that BTC dumps a lot but it does not mean that it is now dying and it will not recover anymore. In fact a lot of people likes this and they will now buy more. Those people who blame BTC are crazy. They can't admit their own mistakes.

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January 22, 2024, 08:10:42 AM
 #33

As for those looking at the price of Bitcoin to having made over 10,000 percent,  i will advice that you look at it from a different standpoint.

We are still early in adopting Bitcoin, and it is still  very much affordable to acquire since we still have a substantial amount circulating and not locked away in some offline wallet somewhere
Wishing the Bitcoin price will hit $400,000,000 someday, it might happen, but I guess not in our generations.

You're wrong, you can check this site https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

5 from 10 the richest Bitcoin addresses are locked in centralized exchanges' cold storage.

But is not too late to invest on Bitcoin, because in the next 8 years from now going to add more value and keep wondering people.
Why only next 8 years? do you think Bitcoin will become dead coin in 2033?

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