BTC ATH in local currency

[red4slash]

@ndutndut @ red4slash etc.
I'm glad you guys realize it too and we are one of the people who take the right steps to save our money in Bitcoin, thus the value of the money we have does not decrease and on the contrary, the value we have increases. We will get ATH bitcoin before the halving, the halving calculation is still quite long in the next month or so, it might be enough for us to feel better in terms of finance for not keeping our money entirely in FIAT, be a smart store of value because bitcoin has a cycle or moments.

ATH has passed now and brought up a new ATH where bitcoin has broken the previous $70k price and of course this will make us more confident in what we are doing because after all we have done a very good thing by being in bitcoin and IMHO this is just the first step when we pass the previous ATH because no matter what with the current conditions and soon we will feel the Halving then I think the new ATH at $70k is just a start because eventually the increase will continue to occur and not the Halving.
 
ATH before because no matter what with the current conditions and soon we will feel the halving then I think the new ATH at $70k is just a start because in the end the increase will continue to occur and it is not impossible with the $100k price that has always been discussed in the previous few years we will definitely feel.

Although nothing is certain in this regard but I am pretty sure that sooner or later something like that will definitely happen.

[khiholangkang]

@ndutndut @ red4slash etc.
I'm glad you guys realize it too and we are one of the people who take the right steps to save our money in Bitcoin, thus the value of the money we have does not decrease and on the contrary, the value we have increases. We will get ATH bitcoin before the halving, the halving calculation is still quite long in the next month or so, it might be enough for us to feel better in terms of finance for not keeping our money entirely in FIAT, be a smart store of value because bitcoin has a cycle or moments.

ATH has passed now and brought up a new ATH where bitcoin has broken the previous $70k price and of course this will make us more confident in what we are doing because after all we have done a very good thing by being in bitcoin and IMHO this is just the first step when we pass the previous ATH because no matter what with the current conditions and soon we will feel the Halving then I think the new ATH at $70k is just a start because eventually the increase will continue to occur and not the Halving.
 
ATH before because no matter what with the current conditions and soon we will feel the halving then I think the new ATH at $70k is just a start because in the end the increase will continue to occur and it is not impossible with the $100k price that has always been discussed in the previous few years we will definitely feel.

Although nothing is certain in this regard but I am pretty sure that sooner or later something like that will definitely happen.

Of course we are still quite far from the bitcoin Halving, and bitcoin has already run and touched $70k today, it is very extraordinary, and yes it is a new ATH, we are here looking forward to that it is nothing Halving is something that is very much awaited by BTC holders to see how much increase is appropriate for the Halving moment this time, $100k is a figure that is quite logical to be pursued by bitcoin for ATH halving this time, but we need a lot of fresh money to enter the market to boost the bitcoin price to touch that amount, not an easy matter and of course there needs to be a lot of popularity to make bitcoin even more dazzling as a promising asset in the future.

many expect Rp1.5 billion in our country during this halving.

[STT]

Im not surprised but its not spoken about enough that the majority of the world is living with this high level of depreciation in their currency value.  Those close to Dollar or large trading partners may suffer less inflationary effects depending on their government and its ability to manage their country's trade balance and debt.

Its a large point I make regularly how round numbers in Dollar value traded BTC are not the significance that it appears.  Even now this ATH price that exists and BTC price action is orbiting around, the years have passed and 2021 dollar is now eclipsed by 2024 dollar and the same number is a different value.   The basic point stands we dont adjust for inflation on a standard graph and so the price points naturally change over time, hence moving averages can be more accurate to measure change over time and general momentum in adjustment to these inflationary pressures globally.

Meanwhile don't forget Dollar itself has inflation losses, when we say Euro is strong or whichever currency is discussed then we only mean in a relative way.  We're all standing on the same sinking ship in terms of earning an honest living vs costs every year.

[xusxuquade]

Indeed, in Indonesia, the price of Bitcoin has reached its new all-time high. As previously, the Bitcoin price had never touched the 1 billion rupiah per Bitcoin mark. However, currently, the Bitcoin price has surpassed 1 billion. Yes, due to the Indonesian rupiah's weak value against the dollar, the Bitcoin price has outpaced, achieving a new all-time high.

[Mrbluntzy]

In my country, during the Bitcoin all time high of 2021, the value of our currency was higher than dollar but the difference was not that much, through out 2023 my local currency fall so badly and not that Bitcoin have reached a new all time high again, the price in my local currency is almost Xs3 of the past all time high.

[yohananaomi]

Indeed, in Indonesia, the price of Bitcoin has reached its new all-time high. As previously, the Bitcoin price had never touched the 1 billion rupiah per Bitcoin mark. However, currently, the Bitcoin price has surpassed 1 billion. Yes, due to the Indonesian rupiah's weak value against the dollar, the Bitcoin price has outpaced, achieving a new all-time high.

But the price could move again to increase higher or vice versa. It will only end here. Everything is determined after the halving period which will occur this month.
Everyone hopes that yesterday's ATH will not be the last ATH, but that there will be a renewable ATH which is still predicted to occur in 2025.
Indeed, weakening local money also contributes to an increase in the price of Bitcoin when it is appreciated, everything is clearly connected to each other.

[btc78]

In my country, during the Bitcoin all time high of 2021, the value of our currency was higher than dollar but the difference was not that much, through out 2023 my local currency fall so badly and not that Bitcoin have reached a new all time high again, the price in my local currency is almost Xs3 of the past all time high.

Lucky you that you still were able to experience having your local currency higher than the dollar . Our currency has always been lower than the dollar. As someone coming from a third world country, our economy has never really seen better times ever since the pandemic. As far as I know, even before the pandemic the inflation was already relatively high but with the pandemic it just made it worse and now we never recovered.

[Volimack]

The currency value of our country is much lower than the dollar. With the increase in the price of bitcoin the value of the dollar has increased but the local currency of our country has not changed. Inflation is taking over everything with pandemic the economy has fallen so far that it will take a long time to recover. Bitcoin is showing record highs as the dollar rises in other countries.

[|MINER|]

This problem is occurring in most of the developing and underdeveloped countries.  The value of the dollar with their local currency does not seem to match.  As the value of the dollar increases, the value of their local currency seems to decrease.  That is creating inflation.  And their living has become very expensive due to inflation.  That is, what they could have bought with full 1 dollar, but now they have to spend 3 dollars.  So most of the people in these countries are now thinking of investing their currency money in Bitcoin and Dollar.  They have realized that there is no point in keeping their money in their local bank.

[Hamza2424]

Inflation in my country shows a big gap with the dollar, when bitcoin touches the price level of $64k, ATH 2021 has been touched by our country's currency which is IDR 980 million / rounded up 1M, while in 2021 the value of the Dollar equivalent to my country's Rupiah is approximately $69k to get the amount of 980 million / 1M. Here it is clear that for 2-3 years we have experienced much crazier inflation, with a difference of $5k. That's heartbreaking to me, and luckily I kept most of my savings in BTC, and today it's getting a much better price increase, and it's enough for me to spend a year with my family if I sell it.

I would like to ask if in your country BTC has reached the old ATH or even the new ATH at the current price if using your local currency?

Hmm, IDR is a very low-value currency I searched it on Google now and I came to know that it is much weaker than my country's currency although my country's currency is also weaker than Doller but IDR is much weaker now I do not know how much you can buy with 100 IDR but in my country, we can buy a burger and one bottle with it. This is apart well if Bitcoin touches an all-new time high again our country's investors will also make a good amount of profit from it as for the current value of 1 USDT our country's currency value is 285 rupee for now.

So obviously we are also going to enjoy a new all-time high which has already happened but the thing is kinda different in this bull season and the new all-time high will the much bigger than the previous one which many say it will be at the end of this year and many says it will be in the middle of 2025 and according to analysis it can be $150k so it is a very huge amount that a digital asset going to achieve and make us money that we can enjoy along our beloved one.

[khiholangkang]

Inflation in my country shows a big gap with the dollar, when bitcoin touches the price level of $64k, ATH 2021 has been touched by our country's currency which is IDR 980 million / rounded up 1M, while in 2021 the value of the Dollar equivalent to my country's Rupiah is approximately $69k to get the amount of 980 million / 1M. Here it is clear that for 2-3 years we have experienced much crazier inflation, with a difference of $5k. That's heartbreaking to me, and luckily I kept most of my savings in BTC, and today it's getting a much better price increase, and it's enough for me to spend a year with my family if I sell it.

I would like to ask if in your country BTC has reached the old ATH or even the new ATH at the current price if using your local currency?

Hmm, IDR is a very low-value currency I searched it on Google now and I came to know that it is much weaker than my country's currency although my country's currency is also weaker than Doller but IDR is much weaker now I do not know how much you can buy with 100 IDR but in my country, we can buy a burger and one bottle with it. This is apart well if Bitcoin touches an all-new time high again our country's investors will also make a good amount of profit from it as for the current value of 1 USDT our country's currency value is 285 rupee for now.

So obviously we are also going to enjoy a new all-time high which has already happened but the thing is kinda different in this bull season and the new all-time high will the much bigger than the previous one which many say it will be at the end of this year and many says it will be in the middle of 2025 and according to analysis it can be $150k so it is a very huge amount that a digital asset going to achieve and make us money that we can enjoy along our beloved one.

Yes, it is quite concerning that my local currency is far away and inflation is getting higher every year, and I feel very lucky to know bitcoin and also invest in it, it is inconceivable that indeed my country's currency is devalued very high, thanks to bitcoin I can sigh a little and can benefit from the increase in the price of bitcoin so far.

Rupees may be higher in value compared to rupiah but yes that's today, who knows in the future the fate will be the same, just like Turkey, Brazil and worse zimbabwe, from there we can accept the lesson that saving money from work is not recommended to be collected in FIAT currency because its value will decrease, instead if you save in bitcoin justuru the value of our money will increase, except for a few for monthly needs because after all we are still dependent on fiat currency to buy needs. Of course, if bitcoin can reach the price level of $150k I will feel happy and can buy what was difficult for me to buy before, including making my loved ones happy.

[kryptqnick]

That's a cool topic, as prices in local currencies can be very different from the USD price, depending on a value, and someone owning 1 BTC can easily be a millionaire in local fiat in some countries. At its current price, Bitcoin is worth 2.6 million in my local fiat. While I always use local fiat for daily expenses or evaluating hypothetical prices of casual things, it's just hard to grasp the meaning of such big numbers like 2 million of something. So, in my country, it's actually common to switch to the USD for reference when it comes to something expensive (like Bitcoin, a flat, a car, etc.).

[arufox]

Inflation in my country shows a big gap with the dollar, when bitcoin touches the price level of $64k, ATH 2021 has been touched by our country's currency which is IDR 980 million / rounded up 1M, while in 2021 the value of the Dollar equivalent to my country's Rupiah is approximately $69k to get the amount of 980 million / 1M. Here it is clear that for 2-3 years we have experienced much crazier inflation, with a difference of $5k. That's heartbreaking to me, and luckily I kept most of my savings in BTC, and today it's getting a much better price increase, and it's enough for me to spend a year with my family if I sell it.

I would like to ask if in your country BTC has reached the old ATH or even the new ATH at the current price if using your local currency?

It seems you and I are in the same country. I also feel the same way that the inflation rate is very high. However, if you have saved most of your savings in the form of BTC, not with me, I actually feel the current economic difficulties because I never saved a long time ago when I had assets in the form of BTC. But at least this is a valuable lesson for me to learn in the future and want to apply strategies like you.

[khiholangkang]

Inflation in my country shows a big gap with the dollar, when bitcoin touches the price level of $64k, ATH 2021 has been touched by our country's currency which is IDR 980 million / rounded up 1M, while in 2021 the value of the Dollar equivalent to my country's Rupiah is approximately $69k to get the amount of 980 million / 1M. Here it is clear that for 2-3 years we have experienced much crazier inflation, with a difference of $5k. That's heartbreaking to me, and luckily I kept most of my savings in BTC, and today it's getting a much better price increase, and it's enough for me to spend a year with my family if I sell it.

I would like to ask if in your country BTC has reached the old ATH or even the new ATH at the current price if using your local currency?

It seems you and I are in the same country. I also feel the same way that the inflation rate is very high. However, if you have saved most of your savings in the form of BTC, not with me, I actually feel the current economic difficulties because I never saved a long time ago when I had assets in the form of BTC. But at least this is a valuable lesson for me to learn in the future and want to apply strategies like you.

Good view my friend, we really need to study macro and microeconomics, especially in terms of finance which nowadays we can read openly, and we can get information easily.
My realization also happened because I made a mistake because I learned to save in fiat money when I was a child and I opened it when I left school, and 5 years after I collected the money I realized that the exchange rate was very different, at that time I wanted to buy it against gold but the price was much different when I first saved the money.

We just need to correct mistakes and not repeat them again, and bitcoin is the best alternative for young people to save.