Bitcoin as an overachiever - page 2.

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Quote from: Smartvirus on November 21, 2023, 06:53:05 PM

I still wouldn’t say Bitcoin has over archived.
I would say, Bitcoin has got just the value meant for it being so limited in quantity to serve the world population. As a limited supply that it is, it’s just got to amass itself a good enough price to spread the value to its least denomination in other to attain its purpose as, not a currency for the very few but, for all the world’s people.

It is not true to say Bitcoin achieves anything. It is a tool created by Satoshi Nakamoto to serve human. Human are the ones achieve something from Bitcoin, not Bitcoin achieves anything by and for itself.

Is it true to say gold achieves something from its history? I don't think it is a correct and reasonable statement so I believe the same can be applied for Bitcoin.

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Investors having yo salvage the opportunity in light of the development and continued growth of the currency are doing so with a foresight of what it’s got to be and waiting on the sidelines just wondering when and where to get in would be some means of not doing yourself a lot of good. Maybe you have your eyes in some other commodities and business/investment opportunities but, if you’ve got hopes of using Bitcoin some day, you could as well start building a portfolio right about now.

Investors have to know about risk and have proper risk management for their investment, their Bitcoin storage from wallets they choose to use, how they back up their wallets and how they will surely be able to recover their wallets from backups.

Without good knowledge about wallets, backups, recovery and proper risk management, investment can turn to be a nightmare.

Smartvirus

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Quote from: Barikui1 on November 21, 2023, 02:30:18 AM

Since Bitcoin came into existence in Year 2009 it has overachieve in terms of it value, and I believe that it will keep on gaining more hight.

I still wouldn’t say Bitcoin has over archived.
I would say, Bitcoin has got just the value meant for it being so limited in quantity to serve the world population. As a limited supply that it is, it’s just got to amass itself a good enough price to spread the value to its least denomination in other to attain its purpose as, not a currency for the very few but, for all the world’s people.

Investors having yo salvage the opportunity in light of the development and continued growth of the currency are doing so with a foresight of what it’s got to be and waiting on the sidelines just wondering when and where to get in would be some means of not doing yourself a lot of good. Maybe you have your eyes in some other commodities and business/investment opportunities but, if you’ve got hopes of using Bitcoin some day, you could as well start building a portfolio right about now.

jeraldskie11

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Quote from: Barikui1 on November 21, 2023, 02:30:18 AM

Since Bitcoin came into existence in Year 2009 it has overachieve in terms of it value, and I believe that it will keep on gaining more hight.
It have been been 14 years now, and the value is eye catching comparing to the price it started from.

Today, it competing with the very best in the market gold, crude, diamond uranium etc.

As today's price of Bitcoin, we can't compare it to those mentioned above. Gold has $13 trillion marketcap and Bitcoin only had $700 billion marketcap which their gap is far and not good comparison. For me, we can better compare Bitcoin with Silver because their marketcap is close. Silver has a $1trillion marketcap. Maybe it doesn't sound good because we often hear that it is compared to Bitcoin vs gold. Honestly, the only thing advantage about gold is the marketcap but Bitcoin is overall because its value is increasing very fast as well as its marketcap. Bitcoin is still very young and still has many achievements to fulfill.

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Quote from: Barikui1 on November 21, 2023, 02:30:18 AM

so that's why I will advice all to key into Bitcoin by accumulating it through the DCA method to build a generational wealth for our families.

And yet there are still those people that don't believe on the potential and the power of what Bitcoin can do to the market.

Whether we have some small breakthroughs or pull backs, Bitcoin remains to be one of the best assets globally. Not to speak about the achievement that we've seen from each individuals that are invested on it.

The matter is that it keeps on breaking records and the stability that it has been has been groundbreaking for the past decade.

oktana

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Competing with gold and diamond? I wouldn't say it this way because, unlike the ones you listed above, Bitcoin is a digital currency and has so many differences from the others. For example, even if these assets aren't fiat, their supply isn't really limited; it may be scarce but not limited. Bitcoin has a fixed 21 million coins supply but the gold, diamond, etc supply is based on natural resources and mining efforts. Even when it comes to decentralization, you'll figure that gold, diamond, etc are often controlled. Bitcoin also gives instant and borderless transactions, but the rest can't relate. With these and many other factors, you can see why Bitcoin was able to come this far in such a short time.

lionheart78

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Quote from: Barikui1 on November 21, 2023, 02:30:18 AM

I believe that we are still in the early stage of it growth, so that's why I will advice all to key into Bitcoin by accumulating it through the DCA method to build a generational wealth for our families.

We are indeed still in the early stage of the adoption and growth of Bitcoin. I say that because the people who are into Bitcoin are probably still less than 10% of the global population. Imagine if Bitcoin gain the trust of 60% of the global population, its price will surely increase by a crazy amount.

This is the beauty of a creation that brings innovation to the table. People who do not trust banks will surely see Bitcoin as a great alternative. While those who want to take advantage of the economic growth of Bitcoin will surely hold and do DCA so that in the future they can cash out with a great profit.

Lanatsa

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Quote from: Barikui1 on November 21, 2023, 02:30:18 AM

Since Bitcoin came into existence in Year 2009 it has overachieve in terms of it value, and I believe that it will keep on gaining more hight.
It have been been 14 years now, and the value is eye catching comparing to the price it started from.

Today, it competing with the very best in the market gold, crude, diamond uranium etc.
Those natural resources i mentioned have been in existence since the history of mankind, but Bitcoin even as a 14 years old teenager is standing as tall as possible in the market.
I believe that we are still in the early stage of it growth, so that's why I will advice all to key into Bitcoin by accumulating it through the DCA method to build a generational wealth for our families.

Generational wealth? If you do have that kind of confidence and trust towards your Bitcoin investment then its your choice but we shouldn't really be removing into our minds about the risks involved into it.
There would really be no assurance that it would be lasting up in the future or something we could say that it is really that still sitting at the top of the market. This is why it would really be that wise
that you shouldn't really be forgetting in terms of risks on which we do know that there's really no assurance when it comes to this matter.

Somewhat i do agree with those points above that even just a 14 year old kind of thing but it do able to get its value comparable into those natural minerals that we do have in the market today.
Somewhat it isnt really just that right though on trying out to compare with these natural resources but it is something that cant really be avoided knowing that
people or the market would really be loving on making those kind of comparison.

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Quote from: Barikui1 on November 21, 2023, 02:30:18 AM

I believe that we are still in the early stage of it growth, so that's why I will advice all to key into Bitcoin by accumulating it through the DCA method to build a generational wealth for our families.

Bitcoin has outperformed not only traditional assets like Gold, Silver, etc. but most of the tech and other big companies that took decades to rise to a point where BTC reached in a short period of time compared to them. BTC really has outperformed them and I have said this many times that even according to the words of Satoshi, BTC outperformed.

The words of Satoshi were in the next 20 years BTC will either gain enormous trading volume or it will become zero and according to his prediction which was of 20 years but BTC outperformed his/her expectations by achieving this current position within 14 years.

And your last words are really good because even though BTC is gaining a lot of traction and market capital is increasing day by day but still you should still think that you are going to make money and its for sure because making money out of BTC is not that easy and we have to practice risk management like doing DCA to assess the risk that become more due to the high volatility of the BTC.

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Quote from: Barikui1 on November 21, 2023, 02:30:18 AM

Since Bitcoin came into existence in Year 2009 it has overachieve in terms of it value, and I believe that it will keep on gaining more hight.
It have been been 14 years now, and the value is eye catching comparing to the price it started from.

Today, it competing with the very best in the market gold, crude, diamond uranium etc.
Those natural resources i mentioned have been in existence since the history of mankind, but Bitcoin even as a 14 years old teenager is standing as tall as possible in the market.
I believe that we are still in the early stage of it growth, so that's why I will advice all to key into Bitcoin by accumulating it through the DCA method to build a generational wealth for our families.

Although Bitcoin was invented in 2009, it has become very popular in such a short time, especially more expensive and popular than Diamond, Uranium, Gold, Platinum.
An issue particularly important to its popularity is Bitcoin's limited supply. There is a total supply of 21 million bitcoins where it is not possible to increase the supply even if desired. But the supply of gold and diamond is unlimited so it can increase the supply as the demand increases but Bitcoin is constantly increasing in demand but because the supply is limited it has become more popular in a very short period of time.

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Wrong comparison mate, you cannot just compare the value i think the overachiever status doesn't fit Bitcoin because we are still lagging in terms of adoption as it's been 14 years and how many supermarkets or convenience store accepts Bitcoin in your locality? we have to measure success in terms of adoption and I would like to give the example of Gold and Diamond, we all know that Diamond is much more costlier than gold but still people invest more in gold and they hold more gold than diamond. That's the way we have to look at it and I am a supporter of Bitcoin but we cannot have wrong comparison.

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Let's also see bitcoin as a store of value and hedge against inflation and not only the profit side. This might enable one to have that zeal to use bitcoin for his monthly saving buy buying bitcoin with the money, which is known as DCA. This is because fiat currency is depreciating and a time will come that people holding bitcoin will be happy that they kept their funds in bitcoin. The investment side is also something great because as long as you don't use the money for your monthly expenses to buy bitcoin, but only with the money that wouldn't affect your income, you will be able to hodli for up to 10yrs or more and increase your bitcoin portfolio bit by bit. I will say currently bitcoin is among one of the best investment, or if not the best investment that can generate a higher profit in the long term.

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It's true that even after an era, Bitcoin's value continues. Bitcoin is an ongoing process even amid global instability. It is true that no one can say exactly how far Bitcoin is. Bitcoin is completely different from other precious physical metal products. Different types of people in our lifestyle. We are choosing Bitcoin investment as our future plan.Caution must be kept in mind while investing and using funds. Bitcoin can be a high risk-reward investment, and market conditions can change over time. But I support the Bitcoin investment system, investing Bitcoin as per the ability to reach unique heights of future lifestyle.

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Quote from: Barikui1 on November 21, 2023, 02:30:18 AM

Since Bitcoin came into existence in Year 2009 it has overachieve in terms of it value, and I believe that it will keep on gaining more hight.

I have the feelings that even Satoshi Nakamoto himself never thought about seing bitcoin getting to this far by now, this alone is an impression shown on how the people were very eager with bitcoin acceptance because they realized the need for having a change in the way their financial lives is being handled by centralized bodies, this alone is quite enough to be used as the only reason why bitcoin can serve more than what the people thought about it.

SAHASAN

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I just start to invest 10% of my current salary I think it will be good for my generation. Also I will try to invest more if I got any big allowance or bonus from my job or btc going to down more.

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Indeed, Bitcoin is a good investment, but if you understand more about the concept of Bitcoin, it is very good. For several years the volume of Bitcoin has increased until now, the extraordinary struggle can reach trillions of dollars which is very significant. on the other hand, it becomes part of the usefulness of helping people who understand crypto

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Those who believe in the potential of bitcoin will try to collect more bitcoins to build a better life for their families. And now they still have time to do it before the price increases, which makes them disappointed because they missed out on investing in bitcoin.
Bitcoin is still in the early stages of its growth and will grow further in the future, especially if more governments accept bitcoin as a payment alternative to fiat.
And in investing in bitcoin, we don't need to buy bitcoin in full immediately, but we can buy it regularly with the money we can afford. By buying bitcoins via the DCA method, we will have a better chance of having lots of satoshis.

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Quote from: Natsuu on November 21, 2023, 05:52:39 AM

Quote from: Jawhead999 on November 21, 2023, 02:39:12 AM

The key is make sure you're only invest amount that you can afford to lose and you will not touch it, many people are really focus to invest all of their money and then after few days or weeks they will ask "should I sell my coins now for urgent needs?".

If you lack of money and live from paycheck to paycheck, it means you need to find a high paying job first.

Right. Bitcoin still has a lot to offer but we should not risk money we cant afford. Take your time to learn and earn the money to invest in BTC and youll get there. Only investing what you can afford to lose helps mitigate potential financial strain and building a financial safety net and focusing on stable income sources are wise considerations before pushing into more volatile investments like btc. It's essential to strike a balance between investing and meeting immediate financial needs.

Bitcoin is truly a game changer in the world's financial system and it's a valuable asset for investment. So if it's all these why invest only what we can afford to loose? I think that this phrase relegates bitcoin to " shitcoin", because something valuable should not be invested with leftovers that we can afford to loose. Instead we should invest certain percentages of our income, just as we budget for our other needs. Except the individual that barely earns enough to meet his basic needs.

Because we trust that bitcoin will outlive us, and it'll continue to increase in value to guarantee future profitability. We can invest something tangible.

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Quote from: Jawhead999 on November 21, 2023, 02:39:12 AM

The key is make sure you're only invest amount that you can afford to lose and you will not touch it, many people are really focus to invest all of their money and then after few days or weeks they will ask "should I sell my coins now for urgent needs?".

If you lack of money and live from paycheck to paycheck, it means you need to find a high paying job first.

Right. Bitcoin still has a lot to offer but we should not risk money we cant afford. Take your time to learn and earn the money to invest in BTC and youll get there. Only investing what you can afford to lose helps mitigate potential financial strain and building a financial safety net and focusing on stable income sources are wise considerations before pushing into more volatile investments like btc. It's essential to strike a balance between investing and meeting immediate financial needs.

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It's easier to get more rich when you have multiple source of income, investment is very hard to millions of people because they aren't making enough, some have reeposnibilties that's way too much for them, when they get their payment not a penny will be left behind for investment, it's not easy to be a Bitcoin investor but if you are making money from various ways you will find it easier to do.

As a Bitcoin investor, always make sure you invest money you can afford to lose and also make sure that the money is not for something else that you must do in few month later, the best money fitted for Bitcoin are money you don't need for a long period of time, and you will still be able to live your life comfortable.

A complete man must have savings aside, emergency fund aside and also investment fund aside, use the rest to take responsibility on yourself and your family, and pray that you don't see big problems that is too much for you and your family.

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Well, bitcoin to me is that best thing that have happened to mankind in terms of finance, or should I call it monetary system.
Bitcoin have completely changed how we see, perceive, invest and possibly use money, so for me, I also refer to bitcoin as the game changer.

Government have been in control of money for ages, they have been the major determinant of how much our fiat currencies should worth at any given, they controlled the masses by printing as much money as they require to enable them continue to be in power, and made sure the masses had as little money as possible so that the masses will forever depend on them(the government).

But bitcoin has completely changed that narrative, today, the masses have an option to either be liberated and enjoy the freedom they deserve, or remain bundled by the chains of the government.

Bitcoin is freedom, your money in bitcoin is completely under your control and not in the hands of any man, going forward, the value of bitcoin will keep appreciating over time, we who are here today still have some ample time to accumulate as much satoshis as possible.

But never should we forget "Not your keys, not your bitcoin".

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