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Author Topic: Bitcoin Bullish period and advantage.  (Read 1807 times)
laijsica (OP)
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October 17, 2024, 05:48:45 AM
 #141

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.
Meanwhile many of the government's stakeholders are starting to switch on and focus on bitcoin holdings. The number of giant whales is increasing and they are dominating Bitcoin holdings. Although it is very difficult to predict the future of Bitcoin, if you can continue to increase your holdings for the future, it can be a very positive decision for you. Governments are not focused on dominating decentralized fundamental assets but as a Bitcoin holder you should create an alternative valuable asset.

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.
Investors who decide to continue their deposits amid the bullish trend in Bitcoin's price could end up with huge holdings in the future. I agree with your idea of ​​holding bitcoins for future generations as the decision to hold valuable assets like bitcoins alongside physical assets is certainly logical. Deciding not to sell when the price rises shows a lot of patience for an investor and is another sign of sound investing especially in Bitcoin. To be a true Bitcoin holder you should tend to deposit regularly for 4-10 years regardless of value.

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October 17, 2024, 10:17:54 AM
 #142

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.
The fear of the government as you conveyed is also happening at this time because we can all see that now there are so many people who are starting to like buying Bitcoin and no longer like to store more money in the bank in the long term. So I think no government will be able to prevent this because over time it will continue to happen because there are many new investors who appear because they have started to like Bitcoin and have ignored the bank because they can only withdraw cash in certain sizes.

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laijsica (OP)
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October 18, 2024, 10:35:31 AM
 #143

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.
The fear of the government as you conveyed is also happening at this time because we can all see that now there are so many people who are starting to like buying Bitcoin and no longer like to store more money in the bank in the long term. So I think no government will be able to prevent this because over time it will continue to happen because there are many new investors who appear because they have started to like Bitcoin and have ignored the bank because they can only withdraw cash in certain sizes.
Your opinion has an impression of reality which is constantly happening and people have increased their expectations and buying tendencies towards Bitcoin. Many investors I see continue to deposit bitcoins through the single purchase or DCA method without depositing money in the bank or insurance. I think those investors are following this approach which is increasing their expectations for Bitcoin. I'm really skeptical that they are showing over-emotional tendencies as real asset volumes should continue to rise.
The value of Bitcoin is volatile so one should not show excessive emotion in investing. Investors should invest the amount they can afford to lose.

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October 18, 2024, 10:59:40 AM
 #144

Your opinion has an impression of reality which is constantly happening and people have increased their expectations and buying tendencies towards Bitcoin. Many investors I see continue to deposit bitcoins through the single purchase or DCA method without depositing money in the bank or insurance. I think those investors are following this approach which is increasing their expectations for Bitcoin. I'm really skeptical that they are showing over-emotional tendencies as real asset volumes should continue to rise.
The value of Bitcoin is volatile so one should not show excessive emotion in investing. Investors should invest the amount they can afford to lose.
I am only talking about investors who are experienced and also smart in investing where they clearly do not prioritize their emotions and panic when facing something that is not usual for them. That means I am not talking about investors who are learning to invest and also people who are more directed by their own emotions towards something so that they only see one without paying attention to the other. Real assets have indeed continued to increase and I think that this is also quite in line with the value of money and the value of other assets such as precious metals and others so that those who keep cash will really lose out to people who keep valuable assets such as Bitcoin, gold, and land located near urban areas.

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October 18, 2024, 11:27:40 AM
 #145

Quote from: LUCKMCFLY
Quote from: lixer

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.
The beautiful things about BTC and crypto is happening already, because there are some countries that allow their companies to be paying their workers with fiat money, BTC and crypto which they have their choice to make, because they know that it will help others big and small companies to grow in the country. El Salvador be the first country to make BTC legal tender have prove to many nations to take the advantage of BTC to reduce unemployment and delay in transaction.

You don't have to problem those countries that don't allow BTC and crypto in their countries, because some of them did what they did base on the fake information they supply them concerning BTC and crypto in their countries, but that will not stop other people that know important of BTC and crypto not to buy and hodl for future purpose.

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October 18, 2024, 11:42:45 AM
 #146

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.
The fear of the government as you conveyed is also happening at this time because we can all see that now there are so many people who are starting to like buying Bitcoin and no longer like to store more money in the bank in the long term. So I think no government will be able to prevent this because over time it will continue to happen because there are many new investors who appear because they have started to like Bitcoin and have ignored the bank because they can only withdraw cash in certain sizes.
Only few government that fully support Bitcoin adoption while majority or countries now are still against Bitcoin just like what you said?
It is about  banks that is backed by government as they can milk money on it,not like in Bitcoin that it's harder for them to take their bags of money .

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October 18, 2024, 12:01:31 PM
 #147

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.
The fear of the government as you conveyed is also happening at this time because we can all see that now there are so many people who are starting to like buying Bitcoin and no longer like to store more money in the bank in the long term. So I think no government will be able to prevent this because over time it will continue to happen because there are many new investors who appear because they have started to like Bitcoin and have ignored the bank because they can only withdraw cash in certain sizes.

Do you have any data that shows people are withdrawing more money from banks and investing more in bitcoin? Because to be fair, bitcoin is not an ideal store of value, not a place to save, its volatility is only suitable for us to speculate and invest more. As we know, there are still many people who do not like to own bitcoin and part of the reason is because of its volatility, not everyone likes high volatility like we do.

There may be some people who withdraw their savings in the bank to invest in bitcoin because they also want to make a profit, want to become rich. But I believe that when they achieve their goals, they will soon return to the bank. Because their goal is profit, not because they no longer trust banks like we do.

Many people still think that bitcoin is threatening the dominance of banks, but is that really true? I don't think so. Bitcoin is too small to have any negative impact on banks and the role of banks is irreplaceable.

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laijsica (OP)
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October 22, 2024, 08:27:16 AM
 #148

Your opinion has an impression of reality which is constantly happening and people have increased their expectations and buying tendencies towards Bitcoin. Many investors I see continue to deposit bitcoins through the single purchase or DCA method without depositing money in the bank or insurance. I think those investors are following this approach which is increasing their expectations for Bitcoin. I'm really skeptical that they are showing over-emotional tendencies as real asset volumes should continue to rise.
The value of Bitcoin is volatile so one should not show excessive emotion in investing. Investors should invest the amount they can afford to lose.
I am only talking about investors who are experienced and also smart in investing where they clearly do not prioritize their emotions and panic when facing something that is not usual for them. That means I am not talking about investors who are learning to invest and also people who are more directed by their own emotions towards something so that they only see one without paying attention to the other. Real assets have indeed continued to increase and I think that this is also quite in line with the value of money and the value of other assets such as precious metals and others so that those who keep cash will really lose out to people who keep valuable assets such as Bitcoin, gold, and land located near urban areas.
In fact it is very important to keep valuable assets like Bitcoin in addition to our physical assets as its value is constantly increasing and may touch $100k very soon and it is possible that Bitcoin price can reach 150k or more by 2025. At the same time, the value of our real assets is not increasing in that proportion, so we have to think more about how much real assets are important for the future. The amount of real assets should be of such a size that it is possible to live comfortably. By buying bitcoin in exchange for additional assets we can build up a large stack that can bring a balance between our two assets.

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October 22, 2024, 09:25:03 AM
 #149

•••.

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.
Investors who decide to continue their deposits amid the bullish trend in Bitcoin's price could end up with huge holdings in the future. I agree with your idea of ​​holding bitcoins for future generations as the decision to hold valuable assets like bitcoins alongside physical assets is certainly logical. Deciding not to sell when the price rises shows a lot of patience for an investor and is another sign of sound investing especially in Bitcoin. To be a true Bitcoin holder you should tend to deposit regularly for 4-10 years regardless of value.

It is most important for every investor to take up a venture that can patiently hold. You are right, as we know, most people today want to leave wealth and valuables to their next generation. And besides, if people invest in Bitcoin and keep it, they will definitely gain a lot more profit at some point when the price of Bitcoin will increase a lot. It is logical to hold Bitcoins for future generations, but of course the important thing here is always to collect the keys of the wallet. Even if you invest a lot of bitcoins to hold, you might lose your money at some point if you don't have the keys. So every investor should patiently invest in Bitcoin for a long time and keep his wallet keys safe in a safe place.

R


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October 22, 2024, 11:36:55 AM
 #150

You don't have to problem those countries that don't allow BTC and crypto in their countries, because some of them did what they did base on the fake information they supply them concerning BTC and crypto in their countries, but that will not stop other people that know important of BTC and crypto not to buy and hodl for future purpose.

Yes, well that is something that I repeat because basically each country makes implementations in terms of the economic conditions and the regulations that they want, what is surprising is that there are first world countries that have not adopted BTC like El Salvador, it is incredible, of course we have to give credit to Bukele for such tremendous implementation, mention and demonstration that what he wants is the progress of his people, I really admire him, so other countries already see this, but they implement it, of course yes, only with regulations, in some way they want to get some cut out of BTC and its adoption, that is why politics is something dirty in reality.

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October 30, 2024, 07:00:55 AM
 #151

•••.

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.
Investors who decide to continue their deposits amid the bullish trend in Bitcoin's price could end up with huge holdings in the future. I agree with your idea of ​​holding bitcoins for future generations as the decision to hold valuable assets like bitcoins alongside physical assets is certainly logical. Deciding not to sell when the price rises shows a lot of patience for an investor and is another sign of sound investing especially in Bitcoin. To be a true Bitcoin holder you should tend to deposit regularly for 4-10 years regardless of value.

It is most important for every investor to take up a venture that can patiently hold. You are right, as we know, most people today want to leave wealth and valuables to their next generation. And besides, if people invest in Bitcoin and keep it, they will definitely gain a lot more profit at some point when the price of Bitcoin will increase a lot. It is logical to hold Bitcoins for future generations, but of course the important thing here is always to collect the keys of the wallet. Even if you invest a lot of bitcoins to hold, you might lose your money at some point if you don't have the keys. So every investor should patiently invest in Bitcoin for a long time and keep his wallet keys safe in a safe place.
When an investor owns a stash of valuable assets like Bitcoin he must take care of it. I would like to be more focused on keeping assets like Bitcoin for the next generation because considering the real situation, it can be assumed that its value will continue to increase gradually and more value than real assets can be expected. The current price scenario is crossing bullish period which continues to increase the expectation ratio for investors and is on the verge of touching ATH so every investor should take care of his holdings responsibly and withdraw himself from the tendency to sell in anticipation of low profit and expect high profit.

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October 30, 2024, 09:19:30 AM
 #152

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.
The fear of the government as you conveyed is also happening at this time because we can all see that now there are so many people who are starting to like buying Bitcoin and no longer like to store more money in the bank in the long term. So I think no government will be able to prevent this because over time it will continue to happen because there are many new investors who appear because they have started to like Bitcoin and have ignored the bank because they can only withdraw cash in certain sizes.
It's true, people are getting smarter these days, and it is not only to disallow the government to control their fiat money but also to be smarter with their daily transactions. For instance, I abandoned my bank's debit card for a crypto credit card because the crypto card has better use, fees and options for me. I can get the card for free with no annual charges and will still have the opportunity to pay almost anywhere in the world. What a good and convenient offer! But my bank's card fees "can make you break a bank" when it comes to the issuance fees, transaction fees, maintenance fees (monthly and yearly) etc.

I hope Bitcoin continues to live up to its name, otherwise, people will prefer the alternatives, and again, people are using USDT to stack their money instead of a bank, it's not always Bitcoin.

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