Bitcoin Bullish period and advantage.

[laijsica]

Yes, you should have a plan of action to keep Bitcoin trending and growing over multiple cycles with an active and tangible asset.

It is a fact, things are like this so that they can plan for everything so that they can have BTC is that those who try must do it HODL, there is no other way, it is the best plan, and those who do not yet have BTC DCA is the solution, there is no longer an excuse to say that they did not take advantage of the market, right now there is a very good opportunity, the BTC market is rising, it can clearly be seen that way but we do not know how long it can be active, but obviously we can take advantage of those cycles that can give us profits, and I just think about all this, I still do not see a clear trend.

Of course we should use our time wisely and tend to be more careful with our holdings. In every bearish and bullish period the investor should keep the DCA trend for the opportunities that arise so that he can increase his holding regardless of the price. In order to put yourself through the best plan, it is always recommended to keep yourself focused and patient to prepare a decent portfolio to accumulate real assets as well as bitcoins regularly. You should wet your tongue with a safe fund like a backup fund to meet the cycles of Bitcoin so that the long-term Bitcoin journey can be much more pleasant for you. Efforts to increase own holdings over time.

[lixer]

Of course we should use our time wisely and tend to be more careful with our holdings. In every bearish and bullish period the investor should keep the DCA trend for the opportunities that arise so that he can increase his holding regardless of the price. In order to put yourself through the best plan, it is always recommended to keep yourself focused and patient to prepare a decent portfolio to accumulate real assets as well as bitcoins regularly. You should wet your tongue with a safe fund like a backup fund to meet the cycles of Bitcoin so that the long-term Bitcoin journey can be much more pleasant for you. Efforts to increase own holdings over time.

The DCA method is twofold and could be different for everyone. While the name suggests that it is dollar cost averaging as in buy when it goes down, there are also people who end up buying consistently as well, like lets say put X amount every time they get their salary. Right now the price is going down, and because of that I honestly believe we should be seeing the price going back up again, October came and we are going to see people putting their salary into bitcoin yet again.

When salaries are put into bitcoin at the start of each month (majority of the work force gets paid once a month at the start of the month) we are going to see the price reaching another high. It may have dropped a bit but it will recover without a doubt.

[LUCKMCFLY]

When salaries are put into bitcoin at the start of each month (majority of the work force gets paid once a month at the start of the month) we are going to see the price reaching another high. It may have dropped a bit but it will recover without a doubt.

I hope that one day such a beautiful thing happens in the world, because they will pay in btc for each job that is done, I think that people would value working much more and would value doing any job just to earn more btc, and in view of this, more btc would always be produced for everyone at a much higher price, in addition to the fact that the btc adoption would be something global, it is like what would set the tone for the future that is very close, we just have to change the ways of thinking of some retrograde heads of state in many countries that are against this majesty.

[laijsica]

When salaries are put into bitcoin at the start of each month (majority of the work force gets paid once a month at the start of the month) we are going to see the price reaching another high. It may have dropped a bit but it will recover without a doubt.

I hope that one day such a beautiful thing happens in the world, because they will pay in btc for each job that is done, I think that people would value working much more and would value doing any job just to earn more btc, and in view of this, more btc would always be produced for everyone at a much higher price, in addition to the fact that the btc adoption would be something global, it is like what would set the tone for the future that is very close, we just have to change the ways of thinking of some retrograde heads of state in many countries that are against this majesty.

I totally agree with you. Most of the developed countries of the world are following cashless strategies in their financial endeavors and they have been quite successful. The cashless concept of countries is born from cryptocurrency like Bitcoin and they are running digital currency directly through fiat. I think in the future if every country can run Bitcoin as a digital currency instead of fiat, it can have a positive effect on the overall economic system of a country. However, there is an obstacle in that case, as the decentralized system and Bitcoin's price is unstable, it should be reviewed how effective it can be in the application space. But I am as optimistic as you are that there will come a time in the world when an asset like Bitcoin can impact the world economy in a massively positive way.

[Dave1]

When salaries are put into bitcoin at the start of each month (majority of the work force gets paid once a month at the start of the month) we are going to see the price reaching another high. It may have dropped a bit but it will recover without a doubt.

I hope that one day such a beautiful thing happens in the world, because they will pay in btc for each job that is done, I think that people would value working much more and would value doing any job just to earn more btc, and in view of this, more btc would always be produced for everyone at a much higher price, in addition to the fact that the btc adoption would be something global, it is like what would set the tone for the future that is very close, we just have to change the ways of thinking of some retrograde heads of state in many countries that are against this majesty.

I totally agree with you. Most of the developed countries of the world are following cashless strategies in their financial endeavors and they have been quite successful. The cashless concept of countries is born from cryptocurrency like Bitcoin and they are running digital currency directly through fiat. I think in the future if every country can run Bitcoin as a digital currency instead of fiat, it can have a positive effect on the overall economic system of a country. However, there is an obstacle in that case, as the decentralized system and Bitcoin's price is unstable, it should be reviewed how effective it can be in the application space. But I am as optimistic as you are that there will come a time in the world when an asset like Bitcoin can impact the world economy in a massively positive way.

I disagree though, Bitcoin was born because Satoshi wanted to cut the middleman and it was designed to be used as micro-payment scheme. Remember his inspirations about banks crashing down in 2008-2009 era.

In any case though, I would have to agree that it started with the developed countries about 2005, country like Sweden or Switzerland and then Japan in Asia. And after that, came Bitcoin and other digital currencies. And with that, it continued up to this day, crypto started to grow in the last 10 years and now we are in the bullish phase and so we should be expecting a big run up to next year. Although it might be as easy as it sounds as we have a lot of challenges to face ahead, like the war in Middle East which might slow down the bull run.

[BALIK]

When salaries are put into bitcoin at the start of each month (majority of the work force gets paid once a month at the start of the month) we are going to see the price reaching another high. It may have dropped a bit but it will recover without a doubt.

I hope that one day such a beautiful thing happens in the world, because they will pay in btc for each job that is done, I think that people would value working much more and would value doing any job just to earn more btc, and in view of this, more btc would always be produced for everyone at a much higher price, in addition to the fact that the btc adoption would be something global, it is like what would set the tone for the future that is very close, we just have to change the ways of thinking of some retrograde heads of state in many countries that are against this majesty.

I totally agree with you. Most of the developed countries of the world are following cashless strategies in their financial endeavors and they have been quite successful. The cashless concept of countries is born from cryptocurrency like Bitcoin and they are running digital currency directly through fiat. I think in the future if every country can run Bitcoin as a digital currency instead of fiat, it can have a positive effect on the overall economic system of a country. However, there is an obstacle in that case, as the decentralized system and Bitcoin's price is unstable, it should be reviewed how effective it can be in the application space. But I am as optimistic as you are that there will come a time in the world when an asset like Bitcoin can impact the world economy in a massively positive way.

Honestly, I don't see what positive impact bitcoin would have on our economy if we used it to pay people's salaries? Or what is the positive impact on the economy when we use it as an alternative payment method to fiat?
If salaries are paid in bitcoin, people may experience delays in receiving their salaries if the bitcoin network becomes overloaded and companies will have to spend a lot of transaction fees to pay people. Not to mention that workers may have difficulty and imbalance in spending on daily needs due to the volatility of bitcoin...I see more challenges than benefits when we use bitcoin for salary or as a payment method. Meanwhile, everything is fine with the current system, why are we moving to bitcoin to make things more complicated?

How will Bitcoin impact the economy? I really wonder about that.

[EarnOnVictor]

When salaries are put into bitcoin at the start of each month (majority of the work force gets paid once a month at the start of the month) we are going to see the price reaching another high. It may have dropped a bit but it will recover without a doubt.

I don't see it in your way. As we hope for more adoption for Bitcoin to reach the moon, we should also be realistic about this. If at all some nations of the world would allow Bitcoin to that extent, almost all of them will not, because Bitcoin is decentralised, not many nations would allow what they can't control, we should not even dream about it. Now, let's assume that it happens, paying salaries in Bitcoin is not a stable injection of new liquidity into the market, supply will follow for people to be able to spend their salaries. What Bitcoin needs is fresh and stable money injected into the system.

[laijsica]

When salaries are put into bitcoin at the start of each month (majority of the work force gets paid once a month at the start of the month) we are going to see the price reaching another high. It may have dropped a bit but it will recover without a doubt.

I hope that one day such a beautiful thing happens in the world, because they will pay in btc for each job that is done, I think that people would value working much more and would value doing any job just to earn more btc, and in view of this, more btc would always be produced for everyone at a much higher price, in addition to the fact that the btc adoption would be something global, it is like what would set the tone for the future that is very close, we just have to change the ways of thinking of some retrograde heads of state in many countries that are against this majesty.

I totally agree with you. Most of the developed countries of the world are following cashless strategies in their financial endeavors and they have been quite successful. The cashless concept of countries is born from cryptocurrency like Bitcoin and they are running digital currency directly through fiat. I think in the future if every country can run Bitcoin as a digital currency instead of fiat, it can have a positive effect on the overall economic system of a country. However, there is an obstacle in that case, as the decentralized system and Bitcoin's price is unstable, it should be reviewed how effective it can be in the application space. But I am as optimistic as you are that there will come a time in the world when an asset like Bitcoin can impact the world economy in a massively positive way.

Honestly, I don't see what positive impact bitcoin would have on our economy if we used it to pay people's salaries? Or what is the positive impact on the economy when we use it as an alternative payment method to fiat?

If an organization offers BTC as an alternative to fiat, it can be very helpful for him as he can convert the money he needs to meet his family's daily needs and the extra funds will be in his wallet which will periodically be a holding for the long term. Freelancers in many countries around the world accept payment in BTC and this may reduce some of the pressure on fiat. Also giant companies of the world are choosing BTC for payment transactions such as Elon Musk's Tesla who offer BTC for future transactions.

If salaries are paid in bitcoin, people may experience delays in receiving their salaries if the bitcoin network becomes overloaded and companies will have to spend a lot of transaction fees to pay people. Not to mention that workers may have difficulty and imbalance in spending on daily needs due to the volatility of bitcoin...I see more challenges than benefits when we use bitcoin for salary or as a payment method. Meanwhile, everything is fine with the current system, why are we moving to bitcoin to make things more complicated?

How will Bitcoin impact the economy? I really wonder about that.

In fact, if you consider Bitcoin as a financial hedge on a large scale, there is absolutely no denying its potential in the future. Bitcoin can play an important role in a country's financial sector by taking a prudent approach through monetary policy.

[BALIK]

-snip

If an organization offers BTC as an alternative to fiat, it can be very helpful for him as he can convert the money he needs to meet his family's daily needs and the extra funds will be in his wallet which will periodically be a holding for the long term. Freelancers in many countries around the world accept payment in BTC and this may reduce some of the pressure on fiat. Also giant companies of the world are choosing BTC for payment transactions such as Elon Musk's Tesla who offer BTC for future transactions.

Not only Tesla, we have many other companies and corporations that have accepted bitcoin payments but the question is. How many invoices have been paid with bitcoin so far, and what percentage of those companies' revenue do they account for?

Not to mention, if bitcoin is accepted as a mass payment method and applied to everyday life. How many people will happily use bitcoin to pay bills for everyday needs when they have to pay additional transaction fees? Would you use bitcoin to pay for a $2 cup of coffee with a $1 transaction fee?

Honest, the idea of ​​using bitcoin as a means of payment is not really ideal because it has high transaction fees and quite slow transaction speeds. If the government really intends to use cryptocurrency as a means of payment, I think they will choose altcoins because they have much cheaper transaction fees and much faster speed than bitcoin. Bitcoin is not the perfect choice in this case, we need to be realistic.

In fact, if you consider Bitcoin as a financial hedge on a large scale, there is absolutely no denying its potential in the future. Bitcoin can play an important role in a country's financial sector by taking a prudent approach through monetary policy.

Bitcoin has huge potential and I believe it will become something huge but with its scarcity and high volatility, it is more suited as an asset, an investment rather than a payment method.

[bitgolden]

We are going to definitely have a great approach to bitcoin bull run soon enough, I do not know if it will start on October or will it be November, I do not have exact date when the movement will start but I think we are going to end up with something much better with time. I know this may not be easy to wait because we have been waiting for this for many years now, since that 2021 period we haven't seen a huge bull run, to be fair that time at the start of the year where we went from under 20k to over 70k was a move which we can consider bullish, but we didn't reach levels we didn't had, we reached levels we have seen before, just a bit more maybe but that's it.

Now we are waiting for more, like 100k or more, and this means we are going to end up with a much better result in the end. So all in all, I believe we are going to end up with a good result when the time comes, which is why I believe we are going to end up with something that benefits us as well.

[STT]

The basic idea to buy lower sell higher doesn't work when its so uncertain which is the good price to buy and sell at.   Right now it should be easy as BTC has been in a range but I still think we remain hard to predict in this area.

I would only say BTC is bullish on the wider time scale, ie. multi year  but within this year we have held prices too long to simply say its bullish.   I take the price action above 50k  as positive, a great many people have been involved and therefore agree with BTC being rated at this price its not a brief spike but a grand consensus over most of this year.
   In conclusion this breadth and volume to BTC is a good thing but it doesn't seem certain we are bullish and given to rise from here.

Right now we are below both 200 and today the 50 day average again, theres enough sellers that think its worth letting go of BTC right now.  I only have the target downside in sight as being 58k which is similar to April low and many other times.   Any improvement over that I take as a positive even while it is a low, its less worse then negatives possible such as making a new lower low.

[LUCKMCFLY]

I totally agree with you. Most of the developed countries of the world are following cashless strategies in their financial endeavors and they have been quite successful. The cashless concept of countries is born from cryptocurrency like Bitcoin and they are running digital currency directly through fiat. I think in the future if every country can run Bitcoin as a digital currency instead of fiat, it can have a positive effect on the overall economic system of a country. However, there is an obstacle in that case, as the decentralized system and Bitcoin's price is unstable, it should be reviewed how effective it can be in the application space. But I am as optimistic as you are that there will come a time in the world when an asset like Bitcoin can impact the world economy in a massively positive way.

If that is correct, but when there is a government similar to Bukele's it is very possible, but when there are retrograde governments things cannot be possible, there are many countries whose governments do not allow the entry of btc and crypto because the only thing they do is regulate it and once they regulate it they want to collect taxes from people, so neither, all the benefit goes to the governments and that is not the idea, so while things in the world are like this there will be no good results, that is what we should see, in part it is not the fault of the people but of the rulers , El Salvador is a great example for the world.

[laijsica]

I totally agree with you. Most of the developed countries of the world are following cashless strategies in their financial endeavors and they have been quite successful. The cashless concept of countries is born from cryptocurrency like Bitcoin and they are running digital currency directly through fiat. I think in the future if every country can run Bitcoin as a digital currency instead of fiat, it can have a positive effect on the overall economic system of a country. However, there is an obstacle in that case, as the decentralized system and Bitcoin's price is unstable, it should be reviewed how effective it can be in the application space. But I am as optimistic as you are that there will come a time in the world when an asset like Bitcoin can impact the world economy in a massively positive way.

If that is correct, but when there is a government similar to Bukele's it is very possible, but when there are retrograde governments things cannot be possible, there are many countries whose governments do not allow the entry of btc and crypto because the only thing they do is regulate it and once they regulate it they want to collect taxes from people, so neither, all the benefit goes to the governments and that is not the idea, so while things in the world are like this there will be no good results, that is what we should see, in part it is not the fault of the people but of the rulers , El Salvador is a great example for the world.

I think some of the world's governments don't officially allow Bitcoin, but individuals and financial institutions are indirectly allowing it as a result of massive holdings, and Bitcoin can be an important hedge with the financial system. I personally think that governments are a bit hesitant to adopt Bitcoin due to its decentralization and price volatility, but should gradually implement some strategy to further expand Bitcoin's reach. However, the increasing acceptance of Bitcoin around the world and the increase in the number of individual and institutional holders continue to increase its diversified financial reach.
In the future if governments goes to limited Bitcoin it will have little impact on demand growth because it is decentralized in a way that demand will continue to grow.

[LUCKMCFLY]

Bitcoin has huge potential and I believe it will become something huge but with its scarcity and high volatility, it is more suited as an asset, an investment rather than a payment method.

Well I also see BTC more as an investment and not as a payment method, the payment method with BTC is a fact, but I think the potential is much higher than what many expect, personally I have always said something, as long as BTC is the world currency that I know it will become, then basically things will become based on BTC, but we have to consider that for now we have to try to get a lot of BTC so that it can make a difference, if for now we apply the DCA method it is the smartest thing that can be done regardless of the price of BTC that it has for now.

I think some of the world's governments don't officially allow Bitcoin, but individuals and financial institutions are indirectly allowing it as a result of massive holdings, and Bitcoin can be an important hedge with the financial system. I personally think that governments are a bit hesitant to adopt Bitcoin due to its decentralization and price volatility, but should gradually implement some strategy to further expand Bitcoin's reach. However, the increasing acceptance of Bitcoin around the world and the increase in the number of individual and institutional holders continue to increase its diversified financial reach.
In the future if governments goes to limited Bitcoin it will have little impact on demand growth because it is decentralized in a way that demand will continue to grow.

There is no doubt about that, whatever happens when most people realize that with BTC their money will yield, and that everything is not a mirage or anything, then there will be results of not giving it any importance if the government accepts it, prohibits it or does something like that, people will look for a way to obtain BTC whatever it takes, even if it means going against the laws,  that is something that everyone should see, when it comes to money things work that way.

[EarnOnVictor]

Now we are waiting for more, like 100k or more, and this means we are going to end up with a much better result in the end. So all in all, I believe we are going to end up with a good result when the time comes, which is why I believe we are going to end up with something that benefits us as well.

Oh, yes, that's the gist and I love the way you make it look like an end result rather than the aggressive and impatient way people believe it would happen. Bitcoin is a good coin and may ever be, but we should stop exaggerating things as if it will reach $100K or $150K within a few days, it doesn't work like that especially when the asset is as expensive as Bitcoin as the market capitalization is now growing close to $1.5T, more adopters and huge liquidity are needed to sustain this worth and keep it moving higher. This will have to happen patiently because money will not just spring up from nowhere, it takes to accumulate as we want. However, let's see what the US election will do for Bitcoin.

[LUCKMCFLY]

I think some of the world's governments don't officially allow Bitcoin, but individuals and financial institutions are indirectly allowing it as a result of massive holdings, and Bitcoin can be an important hedge with the financial system. I personally think that governments are a bit hesitant to adopt Bitcoin due to its decentralization and price volatility, but should gradually implement some strategy to further expand Bitcoin's reach. However, the increasing acceptance of Bitcoin around the world and the increase in the number of individual and institutional holders continue to increase its diversified financial reach.
In the future if governments goes to limited Bitcoin it will have little impact on demand growth because it is decentralized in a way that demand will continue to grow.

It's that people will always look for a way to make money no matter what, for example in my country if the government prohibits something , people do not care, they do not comply , they prefer to be arrested before listening to the government, why ? Because the government is the first thief and corrupt there is, then the government no longer has much authority to prohibit, it is difficult when a country becomes irreverent, when it is believed that there is a monarch called president, but who does not seek the improvement of his people, then because of this many, those who discover BTC take it as the easiest mechanism to get out of any crisis, even above gold, that is why the bullish movements, low prices of btc in some countries affect a lot , but not to particular economies.

[martinex]

In fact, if you consider Bitcoin as a financial hedge on a large scale, there is absolutely no denying its potential in the future. Bitcoin can play an important role in a country's financial sector by taking a prudent approach through monetary policy.

I think the government will also be afraid of losing its partners, namely owners/customers with large amounts of fiat who have long deposited their funds in their banks where the potential to switch to digital-based financial instruments will be very likely, they will buy BTC even though they also know that BTC is also included in the speculative asset category that has high volatility that is not easy to predict. Yes. if we look at it, Bitcoin has a safe haven nature and is also attractive to be used as a profitable investment vehicle.

[Onyeeze]

In fact, if you consider Bitcoin as a financial hedge on a large scale, there is absolutely no denying its potential in the future. Bitcoin can play an important role in a country's financial sector by taking a prudent approach through monetary policy.

I think the government will also be afraid of losing its partners, namely owners/customers with large amounts of fiat who have long deposited their funds in their banks where the potential to switch to digital-based financial instruments will be very likely, they will buy BTC even though they also know that BTC is also included in the speculative asset category that has high volatility that is not easy to predict. Yes. if we look at it, Bitcoin has a safe haven nature and is also attractive to be used as a profitable investment vehicle.

actually bitcoin is good to have but I know very well that if you are investing in Bitcoin you need to be extremely careful not every time that you invest in Bitcoin that you make a profit it is quite understandable from someone who has experience bitcoin investment before but if you have not experience a bitcoin investment I believe that you would think that anytime you invest in Bitcoin you will also make a profit, does not come just like that in Bitcoin investment you must have a timing so that your time in willy determine your profit neither a long-term investment or a short term investment in bitcoin.

[Tmoonz]

The reality people who buy Bitcoin at the dip and sell during bullish is better than DCA and holding.

I don't think those who sold during the bull season are better than the DCA holder. They are just simply traders though we can categories them as long term holders but their initial investment plan was to sell off at any slight bull so their aren't going to make as much profit as those who would be using the DCA and continually accumulating for a longer term. Yes these investors also have a target, but they over look the bull most times and continue holding. Just like @Frankolala said, they would have to buy once again but at a higher value compared to when they had first bought and this to me is going to be loss for them but to the DCA holders it would be profit as they already have a lot of coins piled up and waiting for what ever x market they were waiting for.

The true is that not all investors are true long term holders, some hold for just the four year circle and hope to sell off while another set sell at every given interval that's warrants profits to their holdings well this set of person are classed as short term trader's and we now have the true investors that actually hodl Bitcoin for a really long time  and this category or type of investors are even rare because I believe to achieve this one must be disciplined and have self control to not be tempted to sell off when the Bitcoin price is high. I believe some Bitcoin HODLers are still HODLing their coins even from the early days till date and those types of investors are the true holders.

I believe that one of the reasons while most of the earliest holdler are still holding on to their investment might be as a result of very curious as regards to what extend will become of Bitcoin in the long run such that even when the sell they will only sell part of their investment while still continuing with increasing their holding, no doubt that Bitcoin holds a long term potential where many can as well pass it to their generation as a generational wealth, you are right at saying it requires lots of discipline over coming the temptation of not selling even when the market is in bullish but hold on to their investment for as long as necessary and that is exactly what makes one a true holdler.

[AirtelBuzz]

The reality people who buy Bitcoin at the dip and sell during bullish is better than DCA and holding.

I don't think people who buy bitcoins on dips period and sell on bullish season they are better than DCA and holding. Crypto is volatile, so do you know exactly when the market will have a dip and when the market will have a bullish period? Dips are unpredictable so it is better to buy bitcoins gradually rather than just waiting for the dip period, there are many who wait for the dip period and disrupt their investment.

Trader is better than investor, everyone can become investor, but not everyone can become trader.

A trader is better than an investor, everyone can be an investor but not everyone can be a trader. In view of your statement, I would like to say that everyone can be a trader but not everyone can be successful in their trading. Because trading involves more risk than investing. Moreover, trading is mainly short term based and investing is for long term (Prolongs up to several years). If someone wants to make money from trading then he must first be experienced, without experience you will never be successful in trading.