Topic: Are you still excited about Bitcoin or has it reached its pinnacle? (Read 1029 times)

I also believe that Bitcoin has still not reached its pinnacle but there are also some stuff that reached its pinnacle even before it was adopted or known worldwide. We cannot deny the possibility of Bitcoin not gaining the target adoption yet it gains its pinnacle.  So I believe we should be open for that possibility.

But for the current situation, I do not think Bitcoin has reached its limit. Many in global governments are still actively monitoring and discussing how they can set up regulations on Bitcoin.  Investors are still hyped about the potential profit that lies within the high volatility of the Bitcoin market and there are still many companies, group of communities and individual that are still interested on the Bitcoin technology and the financial features Bitcoin has.  So I think it is still early to say or think that Bitcoin has reached it pinnacle.  Remember aside from financial influence and the current features of Bitcoin, Bitcoin is still developing which might bring more people to use it.

Whether it's short-term or long-term, the fact that its price stays volatile makes it exciting because you enjoy it when you see the price going up, and if you are knowledgeable, you would know it's normal when the price starts going down because what goes up has to come down as well. So in my opinion, as long as Bitcoin's price stays volatile, it is going to be exciting for its investors because earning money is always an exciting thing.

Those who say it's not as exciting as it used to be, I agree with them because the growth level keeps decreasing over time since the value keeps going higher. For a coin to have a 200% gain when it's priced at $10, it only needs to go up $20, but for the same thing to happen for a coin valued at $60k, it's going to take a very large inflow of money to make that happen.

So even if it's not as volatile as it used to be in the past, it's still volatile and volatility means profit, and profit means excitement.

As long as there is a supply of bitcoin, we must know that ultimately bitcoin is still not at its peak and we are still in the process of finding it.  I personally feel that for now im still in great enough enthusiasm to go through the progress and process in bitcoin because my belief is still the same where bitcoin will continue to grow before it is truly said to be at its peak .

In addition saying about the peak problem I think this is still too complex because after all when talking about the peak of bitcoin all have their own perspective on this whether it is based on peak prices or goals so that for bitcoin at the peak it is certainly not yet but when some people are satisfied to be in bitcoin then it is clear that that is their peak even though I am not included in it .

As for me the excitement about Bitcoin just began since there is possibilities of Bitcoin doing more exploration now and in the time coming, what we should do is to have as much as Bitcoin we can in order to become a full beneficiary of the true potentials that Bitcoin holds, in as much historical event doesn't give guarantee of the the future, Bitcoin has done very well historically and it is still doing well hence it has given us so much guides as regards to what will become of it in the future thou there is no 100 percent guarantee, but yeah the excitement still continues as we watch Bitcoin perform to it's best.

Likewise, and "pretty exciting" here is more like ... "another currency".

Another Donald Trump thread. Seems I was late for the party but I remember Donald Trump saying good stuffs about Elon Musk Tesla yesterday on his X space created for discussion and after listening to the record for 10 minutes after some fast forward, then I knew it's the usual political jingoism with beans water content, just a way to get to the office. I thought this campaigns strategy happen here in my country, never knew it happen over there in the west.

Bitcoin was here before Trump ever dream to be the US president and he will be here even after his another years in office, that is if he win and defeat Biden group from whitehouse and after this altercations, we will stay away from political influence of Bitcoin to another level of adoption.

In as much as Bitcoin continues to solve the problems in which it were created for, the excitement in the use of bitcoin to me continues and none stopping because it has become obvious how great that Bitcoin has performed when inflation is increasing drastically, and we have various economies of suffered and tanked due to rising inflation and high cost of living as the purchasing power of their fiat currency declines, Bitcoin has done the opposite and has continued increasing in value, so whomever that has invested into Bitcoin is smiling to the bank right now, as Bitcoin has played a significant role as a hedge against inflation.

It's no longer news that most politicians uses the area of interest of the masses to make campaign promises but we need to be optimistic that with or without political influence Bitcoin is still gonna gain more recognition and popularity in the upcoming years therefore our excitement about Bitcoin shouldn't know any bound because we are gearing towards an era of financial freedom.


Does it mean if it wasn't for the approval of spot Bitcoin ETF by the United States SEC that Bitcoin wouldn't have gotten a new ATH before the halving event? I mean Bitcoin was literally growing rapidly before Spot Bitcoin ETFs were approved so I believe it would have still reached a new ATH before the halving, remember that after the spot Bitcoin ETFs were approved that it didn't have much effect on the price, it was after sometime that the price started skyrocketing and was able to get a new ATH of $73k.

Your idea of staying glued to the news is a nice one because the news that will come up before or after the United States elections will surely have impact in the price of Bitcoin. Therefore we ought to be watchful of the outcome.

Bitcoin hasn't changed the world, but it's definitely been talk about differently, and is now taken much more seriously than it was a few years ago. Trump is just speculating on this to get the votes of Bitcoin loyalists, but I'm not sure he'll maintain his enthusiasm for Bitcoin if he wins the election.

Bitcoin has a long way to go, it still has to go through the most important phase of the cycle, this was the bullrun, so I think its reaching the last ATH is just the beginning, perhaps this became possible only thanks to the approval of the Bitcoin ETF, otherwise it would have been impossible before the halving. I think that Bitcoin will start to grow in the fall, perhaps closer to the US elections, you need to follow the news, when there is a lot of positive news, then everything should start.

It's natural to be excited about bitcoin because it won't take long for the demand to peak and skyrocket as demand for bitcoin is a good currency for investment. Bitcoin's supply and decentralized nature contribute to its price volatility. But it is very important to approach such situations with caution. Extreme price movements often bring increased market volatility and higher risk. It is imperative for investors to focus on long term growth potential rather than short term speculative gains.

Actually im not really that much excited about ETF's and other institutional kind of things on which diving into this crypto space. As we can see on which they are really that trying to hoard as much as possible Bitcoin that they would really be having on their stashes on which they cant be able to control Bitcoin then they have considered on accumulating it instead. We cant really be able to deny about the possible effect of institutional funds that would really flow into this market space. It is really just that i cant really be able to avoid not to think that the more that they would be accumulating
then they do have the more power that they could really be able to make that manipulation on this market on which we've seen those samples. We are seeing every now and then about
sentiments or news involving those shit institutions/banks/known billionaires and certain countries government.

Bitcoin ETFs just got accepted and everything is still on the way. We haven't heard news like Amazon accepting Bitcoin payments, eBay accepting Bitcoin payments, Walmart accepting Bitcoin payments and etc... Bitcoin won't rise as it rose years ago because market cap is already huge and 1 coin worth 60K USD but there is still a room and current state is far from pinnacle.
One candidate of the presidential election stated that if he wins, the United States will buy 500 Bitcoin every day and save some of its reserves in Bitcoin instead of gold. Definitely, that person won't win because he is neither Trump nor Harris but something crazy like this can happen. I personally think that Bitcoin ETFs are just the beginning.

The fact that makes Bitcoin everyone's favorite when it comes to investments is that it recovers its price even if there is a drop. A 20% drop isn't small when an asset loses this much value, its investors will start to panic, newbie investors of Bitcoin panic as well, some will even sell their coins at a loss when they see such a drop because they think it's going to drop further and they don't want to lose more money, so they go ahead and sell their assets without getting any profits.

However, those who understand Bitcoin and the market would understand that things will normalize very soon and there is no need to panic, so they stay calm. Those who have more money would usually invest more at times of drops or corrections because they know it's only going to benefit them.

So I agree that the excitement wouldn't end as long as the price of Bitcoin is volatile because the volatility keeps it entertaining and exciting for those who understand it well.

Despite of the current price fluctuations happening in bitcoin, I still feel the excitement every now and then knowing that one day my investment will suddenly boom and skyrocket and make me instantly rich. You know this is really possible if you hold your investment indefinitely and only sell your coins when it reaches something a life changing amount. And for that to happen, you need a lot of patience and a lot of funds as well so you can continuously increase the amount of bitcoin in your portfolio.

I'm still enthusiastic about collecting BTC because I want to feel big profits from my BTC holdings, who knows how long my BTC can be intact like the whales who have tens or even thousands of BTC

The one thing that's a bit disappointing, but understandable as human nature, is Bitcoin Core's drama.

When I think about massively adopted open source projects (Linux, Apache, ect) there's a lot of stories to recall that are full of drama, but in the end the important projects continue to evolve. The software is updated, maintainers rotate in, and features demanded by users are developed and released. Projects that fail to do this die and are replaced by better teams and better software that continue to see adoption. A great example is OpenSSL when a critical vulnerability forced engineers from all over the world to make a concerted effort to resolve the issues and facilitate better governance going forward.

There's always a feature or two that cause a debate over the purpose and scope of a project, but if a feature is truly needed it's developed and when it's developed outside the core project the developers are supportive and collaborative in the work and one project promotes the other within the community.

Considering all of this, when I read on the history of Bitcoin Core, the culture feels toxic. When you tell people that the goal is to create a state-less money and then insult individuals who try to enable this use-case by improving TPS while maintaining fundamental innovations (non-custodial ownership) you can expect them to leave and create their own implementation. When adoption continues on alternative chains and additional innovations discovered (smart contracts) that further the goals of BTC (global p2p economy without middlemen) you'd expect bitcoiners to celebrate and work to implement something similar, but this hasn't been the case. Instead, we see the community double down on their toxic rhetoric.

I fear we're seeing poor human nature rear it's head and guide BTC, enabling continued religious zeal around a rhetoric that prevents continued innovation and change. This nature is fed by fiat gains in the original project which is novel among open source projects. When your original release isn't continuing to pay dividends it's a lot easier to keep an open mind about innovation and progress.

The development and adoption of Lightning Network reminds me more of critical proprietary software that's seen mass adoption, but fails to receive continued support. The community or corporation that picks up the ball is forced to bolt on an overly complex solution in order to remain relevant in a space where the user's expectation has evolved.

Just a thought.

Reached its pinnacle? We're literally still decades away from Bitcoin reaching mature adoption and starting to get used widely for payments. OP since you are asking that question I think the problem is that we are so far from the pinnacle you can't even see it and assume it isn't there. Bitcoin is still very early in its adoption. While sure its cool and exciting that we get to be the generation that got in early on Bitcoin and we get to make a ton of money with it, it's the next generation or two of adopters that will actually start to use it at its pinnacle (a global currency).

Bitcoin has changed the world and proven itself to be one of the most iconic assets of investment. Bitcoin are still continue to growth. No one can say that Bitcoin will reach zero price and not grow further. Everyone is only speculating and can't say for sure that this will actually happen. Bitcoin has changed the world with its unique ideology, but everyone says that there is no asset like Bitcoin for investment. And all these trends are attracted by the price and value gain of Bitcoin. An example of which is in front of us is that political buddies are also so impressed by Bitcion that they like to accept their campaign donations in Bitcoin. However, today Bitcoin has gone up to 73k. If it goes up to 100k, 200k in the next few years, surely the whole world will emphasize adopting it. 
 
So it's meant to say that Bitcoin doesn't need anyone, that if big people like Donald J Trump adopt Bitcoin, Bitcion will rise and if they don't, then it won't rise. So those who think like this should treat their intellect accordingly. Bitcoin does not need a big president or politician.

Bitcoin will always be fun and not boring even when it goes down or up, especially since bitcoin has affected my finances so far, bitcoin has changed my mindset about investing as one way to achieve financial freedom.

What makes us excited about bitcoin is because bitcoin has a cycle, and you also need to know that bitcoin has not finished mining so bitcoin has not reached its peak. In the last few months, bitcoin has indeed passed its peak, but I don't think it is the real peak in this cycle. The peak of this cycle is predicted by many that we will pass $ 100k, so I think the excitement will always be there. Moreover, we just went through a bad market in the last few days, bitcoin fell almost %20 and some stocks crashed but bitcoin quickly recovered this proves that there is no reason not to be excited about bitcoin right now.

Knowing that your future assets in Bitcoin are secured without third-party involvement or government control gives excitement already that your future wealth is secured that not need to be scared on that; you can travel with your Bitcoin to any part of the world, and nobody will ever know your financial worth. Is that not what to be excited about? I believe it is