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Author Topic: Are you still excited about Bitcoin or has it reached its pinnacle?  (Read 532 times)
Rabata
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August 02, 2024, 12:11:15 PM
 #41

I think Bitcoin has just started its journey and people will always be concerned about it because it is constantly going through its maximums. And day by day this crypto community is getting bigger. World leaders are now thinking about it. They are thinking more about how to better adopt Bitcoin. So I find no end to it. Investors' confidence in Bitcoin will grow as the days go by. This is how Bitcoin will continue to climb. The current Bitcoin price range within average people limitation. But in the future it will no longer exist. Considering the current condition of Bitcoin, if Trump wins the next election, the price of Bitcoin can be even higher than the current condition.

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August 02, 2024, 12:14:17 PM
 #42

Crypto has changed the world and there's no doubt even world leaders like Donald Trump just mentioned its importance.

However, do you feel Bitcoin still creates excitement or are we beyond that pinnacle where it's no longer something to be so excited about?


I remember when Bitcoin first reached 66k. And it was great, there was a general euphoria, and they talked about it on TV all the time.
Then there was a decline for several years, and now we are back on ATH.
But the news doesn't talk about it. And what difference does it make, the main thing is to get Profit from the market and accumulate a deposit. And how other people feel about it is unimportant.
The main thing is to increase the share of Bitcoin in wallets.

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August 02, 2024, 03:41:56 PM
 #43

Against all odds, a freaking Bitaxe found a solo block last week! How can anyone loose excitement about Bitcoin?  Cheesy
https://cointelegraph.com/news/tiny-500gh-home-bitcoin-mining-device-produced-a-block-earning-over-200k-btc

This is always inspiring. I love it.
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August 02, 2024, 05:04:33 PM
 #44

Crypto has changed the world and there's no doubt even world leaders like Donald Trump just mentioned its importance.

However, do you feel Bitcoin still creates excitement or are we beyond that pinnacle where it's no longer something to be so excited about?
I remember when Bitcoin first reached 66k. And it was great, there was a general euphoria, and they talked about it on TV all the time.
Then there was a decline for several years, and now we are back on ATH.
But the news doesn't talk about it. And what difference does it make, the main thing is to get Profit from the market and accumulate a deposit. And how other people feel about it is unimportant.
The main thing is to increase the share of Bitcoin in wallets.
The main reason is that same thing twice doesn't make a news. I mean if it reached 66k once, that's news because it happened once, but if it happens time and time again then it will become not a great situation at all and become boring. Like when Elon Musk made his rockets get back down safely back to earth for reuse, that was a huge huge news, everyone talked about it, even a second or third time was a big news, nowadays they have a totally different style ship and doing wonders and not many people care about it.

Because it used to be a new thing and never done before and was a news, but since it's been done dozens of times so it's not really a new thing to anyone anymore. Same with BTC price as well, when it reached 66k that was new, we have never been there before, but now we have been here for a while and I do not think that anyone would care when same thing happens again. You will see, if (when) the price goes to 100k+ we are going to have people talking about it like crazy. Because that would be something that happened for the first time and that's the most important part.

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August 02, 2024, 07:09:06 PM
 #45

Crypto has changed the world and there's no doubt even world leaders like Donald Trump just mentioned its importance. However, do you feel Bitcoin still creates excitement or are we beyond that pinnacle where it's no longer something to be so excited about?

Bitcoin still creates excitement among the investors and there are many people still investing in Bitcoin everyday because they see potential in Bitcoin rising to new highest price. The reason people invest is because they know they are going to make profits and not losses. More political leaders are talking about Bitcoin because they can no longer ignore it as it is everywhere and soon they will have to start talking about how they are going to adopt Bitcoin into their economy or miss out and that was what Donald Trump speech was all about at the Bitcoin conference. As more political leaders are talking about Bitcoin, it is increasing its chances of becoming very successful therefore we should no be among people that will miss investing in Bitcoin because they think no more excitement

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August 02, 2024, 07:24:31 PM
 #46

It’s definitely still a time to be excited about Bitcoin. Only this year we had Bitcoin Spot ETFs approved, institutional money now has a path to buy Bitcoin. Increased adoption over the next year or so will drive the price to new highs. Inflation has & continues to run wild, it might make sense to buy the best performing asset of the last 15 years.

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August 02, 2024, 11:21:26 PM
Last edit: August 05, 2024, 06:25:05 PM by AmoreJaz
 #47

It’s definitely still a time to be excited about Bitcoin. Only this year we had Bitcoin Spot ETFs approved, institutional money now has a path to buy Bitcoin. Increased adoption over the next year or so will drive the price to new highs. Inflation has & continues to run wild, it might make sense to buy the best performing asset of the last 15 years.

If you are a holder or a potential investor, you would still feel excited as the promise of this market is quite exciting especially if you are looking for the possible profit you may gain on this type of investment.

With the happenings surrounding this market, the chance of increasing its value in the coming months or years, is quite high. However, it depends on how you will manage your assets to get the best out of it. Also, your belief on this market will also be tested as you experience the roller coaster ride movement.

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August 03, 2024, 02:47:59 AM
 #48

OP; it seems like an introspective question, it's what you think, and then you spread those feelings in your environment believing that such a thing is so, and for obvious reasons the opposite effect is latent, that is, those who are on the other side of the coin are very euphoric.... !?

No, yes, come on! because we should put emotional categories in the sense of happiness or success to bitcoin, make your send and generate a TXid, as long as that exists for many or few it will mean still excited.  : )

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August 03, 2024, 08:55:14 AM
 #49

It’s definitely still a time to be excited about Bitcoin. Only this year we had Bitcoin Spot ETFs approved, institutional money now has a path to buy Bitcoin. Increased adoption over the next year or so will drive the price to new highs. Inflation has & continues to run wild, it might make sense to buy the best performing asset of the last 15 years.
Bitcoin is still quite easy at the age of 15 years, but was able to reach the highest price that shocked the whole world.

When institutional money comes in, the Bitcoin Marketcap Volume is increasing,
but of course some bad effects will occur about some price manipulation and so on.

Bitcoin has not reached its peak yet, Bitcoin is still trying to reach its peak, and it will certainly take longer.
Mining is still going on and the supply of bitcoin is also not fully circulated.

R


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August 05, 2024, 10:36:54 AM
 #50

OP; it seems like an introspective question, it's what you think, and then you spread those feelings in your environment believing that such a thing is so, and for obvious reasons the opposite effect is latent, that is, those who are on the other side of the coin are very euphoric.... !?

No, yes, come on! because we should put emotional categories in the sense of happiness or success to bitcoin, make your send and generate a TXid, as long as that exists for many or few it will mean still excited.  : )

Are you asking for my opinion?
Our business is not affected by the crash.

When everyone bought more BTC we bought more USDT.
We keep on buying more USDT even now.

See what happened to STX... Halving brought it to $3.35 at peak and it's now $1.25

It's about damn time Bitcoin will be back to the $45k area or even less than that. It has been a bubble for far too long.

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August 05, 2024, 02:49:22 PM
 #51

Crypto has changed the world and there's no doubt even world leaders like Donald Trump just mentioned its importance.

However, do you feel Bitcoin still creates excitement or are we beyond that pinnacle where it's no longer something to be so excited about?
Why isn't it? It might not be that exciting for the ones who already know about it, but even for such people, it gets exciting when the price starts moving up. If you buy Bitcoin at $30k, and you see it going toward $100k, you will see how excited you will get about it. The excitement has nothing to do with it being new or something but it depends on what it has to offer, and it still has to offer a lot to its holders and users.

I'm pretty sure that people who come to know about Bitcoin right now would have the same level of excitement that we used to have when we had first come to know about it back in the day because it would be a completely new experience for them.

So, I don't think that the excitement is over because it's old and expensive now, it's expensive but it is going to get more expensive over time, so the excitement will always be there.

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August 05, 2024, 02:51:30 PM
Last edit: August 05, 2024, 03:04:06 PM by Easteregg69
 #52

As exited as if I had to ask the priest for a new birth certificate.

I think about trying 100 dollars on a USDT/USDC LP.

Throw some "shit" and see what sticks.
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August 05, 2024, 04:34:51 PM
 #53

Crypto has changed the world and there's no doubt even world leaders like Donald Trump just mentioned its importance.

However, do you feel Bitcoin still creates excitement or are we beyond that pinnacle where it's no longer something to be so excited about?

Hype is temporary, consistency is what matters to me in the long run, but yeah, I do feel excited about bitcoin still every now and again. And no, I don't bitcoin's reached its peak yet price-wise. It still has long ways to go, and not even all of the coins have been mined up yet, we still have a lot to experience and I'm pretty sure it's only uphill from here, there will be hiccups along the road but that's to be expected. We've built quite the solid community and industry in here and I believe that's all we'll ever really need to further our goal and make sure bitcoin bolsters the entire cryptocurrency industry for as long as it could.

Again, hype isn't everything cause it's not gonna help you in the long run, bitcoin garnered this much love and support from everyone because before it received hype from the people, it started off as loved and supported by the day ones. That's one thing that most projects out there are trying to emulate for themselves but just couldn't, cause the current landscape of the crypto industry revolves around setting up hype before everything else which is stupid.

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mpoletiek
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August 05, 2024, 06:55:09 PM
 #54

It’s definitely still a time to be excited about Bitcoin. Only this year we had Bitcoin Spot ETFs approved, institutional money now has a path to buy Bitcoin. Increased adoption over the next year or so will drive the price to new highs. Inflation has & continues to run wild, it might make sense to buy the best performing asset of the last 15 years.
Bitcoin is still quite easy at the age of 15 years, but was able to reach the highest price that shocked the whole world.

When institutional money comes in, the Bitcoin Marketcap Volume is increasing,
but of course some bad effects will occur about some price manipulation and so on.

Bitcoin has not reached its peak yet, Bitcoin is still trying to reach its peak, and it will certainly take longer.
Mining is still going on and the supply of bitcoin is also not fully circulated.

The banks will buy the miners next.
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August 05, 2024, 11:51:42 PM
 #55

Crypto has changed the world and there's no doubt even world leaders like Donald Trump just mentioned its importance.

However, do you feel Bitcoin still creates excitement or are we beyond that pinnacle where it's no longer something to be so excited about?

Do we know of any project which has surged recently that is better than bitcoin and that it can do the same job without compromising core concepts like decentralization or a limited supply? If this is not the case, I do not see why we should not be excited about bitcoin, after all, the more time it passes in which governments are still unable to take full control of it, the stronger its position becomes and more people will begin to realize how great of an investment it really is.
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August 06, 2024, 07:59:12 AM
 #56

The banks will buy the miners next.
Banks are still bound by regulation and that is very difficult to do.
But behind all that, they may buy secretly, but don't expect the bank to buy directly.

There are more institutions that are starting to buy bitcoin outright, and they have been doing so for a long time.
See how Balckrock, MicroStrategy, Grayscale are gradually investing in a lot of cryptos especially Bitcoin as well,
they are big companies and are also driving crypto adoption.

When retail investors start to fade, then institutions take the opportunity to buy more and this will make prices even better.

R


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mpoletiek
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August 06, 2024, 06:51:18 PM
 #57

The banks will buy the miners next.
Banks are still bound by regulation and that is very difficult to do.
But behind all that, they may buy secretly, but don't expect the bank to buy directly.

There are more institutions that are starting to buy bitcoin outright, and they have been doing so for a long time.
See how Balckrock, MicroStrategy, Grayscale are gradually investing in a lot of cryptos especially Bitcoin as well,
they are big companies and are also driving crypto adoption.

When retail investors start to fade, then institutions take the opportunity to buy more and this will make prices even better.

I think BTC has lost the narrative.

When did we stop caring about a global p2p economy and prioritized anything that make our fiat bags fat?
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August 06, 2024, 09:59:24 PM
 #58

Crypto has changed the world and there's no doubt even world leaders like Donald Trump just mentioned its importance.

However, do you feel Bitcoin still creates excitement or are we beyond that pinnacle where it's no longer something to be so excited about?

Bitcoin has still a long road ahead so our excitement today is nothing compared to the future excitements that bitcoin awaits for us. Bitcoin hasn't reached its pinnacle yet, we are still working on it. That goes to say that the most exciting part has not yet unveiled, and if we chose to stay and won't leave the forum, we will get there soon with high patience and confidence.

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August 06, 2024, 10:17:20 PM
 #59

Well, Bitcoin is still pricing 56,000$, after recovering 4,51% of its price today. So why shouldn't enthusiasts be still excited about it? I understand we had a dramatic and traumatic crash the day before yesterday, a real blood bath, but we are still inside the 50,000$'s, which isn't a far price range from where we were before the dump. Before letting the excitement die, let's hope Bitcoin continues on the price range it is. This market has already been much more volatile in previous cycles.

Just make sure to not invest money you can't afford to lose. That is the golden rule of risky and volatile investments. We never know how long the market is going to take to react, so take essential precautions. At same time, it doesn't mean you shouldn't expect anything from Bitcoin anymore. A battle is lost, but not the entire war... Focus on the next battles and on which results they can bring.

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August 06, 2024, 10:24:39 PM
 #60

Crypto has changed the world and there's no doubt even world leaders like Donald Trump just mentioned its importance.

However, do you feel Bitcoin still creates excitement or are we beyond that pinnacle where it's no longer something to be so excited about?

Bitcoin has still a long road ahead so our excitement today is nothing compared to the future excitements that bitcoin awaits for us. Bitcoin hasn't reached its pinnacle yet, we are still working on it. That goes to say that the most exciting part has not yet unveiled, and if we chose to stay and won't leave the forum, we will get there soon with high patience and confidence.
A true bitcoiner words. Patience is the only thing you can do for now because bitcoin is definitely not reaching it's pinnacle now, we still have a long we to go. Undermining the fact that we just faced a heavy crash, some of us where already aware of how heavy the crash could get and maximised the opportunity so if you are a true bitcoin you would definitely be buying more and better on a high patience level just as you said.

Bitcoin only seeks for your patience and it turns your time and patience into real time profit.

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