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Topic: Bitcoin as an overachiever (Read 480 times)

jr. member
Activity: 217
Merit: 1
November 30, 2023, 06:49:15 AM
#49
Absolutely, it's impressive to witness Bitcoin's remarkable journey since its inception in 2009. The consistent growth and value it has achieved in just 14 years are truly noteworthy. Bitcoin's ability to compete with longstanding assets like gold, crude, diamond, and uranium is a testament to its strength.

I agree that we're likely still in the early stages of Bitcoin's growth. For those interested, employing Dollar-Cost Averaging (DCA) to accumulate Bitcoin over time can be a strategic approach, potentially contributing to the creation of generational wealth. It's essential to stay informed and consider a long-term perspective in the volatile yet promising world of cryptocurrencies.
hero member
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November 23, 2023, 03:44:24 AM
#48
Bitcoin's rise since 2009 is astonishing, especially compared to gold and diamonds, which have been there for centuries. That being said, its important to temper this passion with some analytical rigour. Why? Despite its skyrocketing value, Bitcoin is still vulnerable to price drops and legal ambiguity. This doesnt diminish its value; it emphasises the importance of clever investing methods like DCA

Im more interested in how Bitcoin fits into money's evolution. Its more than an asset - it changes how we see and use money. Besides money, cryptocurrencies' decentralisation promises financial freedom and new ideas. Thus, while acquiring Bitcoin may allow families to pass on wealth, its true value may be in its power to revolutionise our financial institutions. Bitcoin is a component of a financial future that will transform everything, not just an investment.
legendary
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November 22, 2023, 03:33:16 PM
#47
Bitcoin was a great invention in 2009. We first came to know about Bitcoin in 2009 and since then Bitcoin has created a different kind of discussion around the world. In the beginning, people did not pay much attention to this currency, but gradually this digital currency has transformed into one of the most popular digital currencies.

The creation of Bitcoin indeed brings a revolutionary change to the finance institution.  The blockchain technology brings more security and transparency is one of the newest technology the institution is now trying to make use of.  Although government frowned on the decentralize nature of Bitcoin, there is no doubt they are fascinated the technology behind it reason why some countries are trying to issue their digital currency using the technology similar to Bitcoin without the decentralized feature.

When people think of investing now, the first thing on their list of choices is Bitcoin. Bitcoin has changed its price step by step and the popularity of Bitcoin has increased from year to year. People are now comparing Bitcoin to gold. And those who are planning to buy gold are buying bitcoins instead of gold because what gold could not give a person in 10 years, bitcoin can give an investor the same amount of profit in just a few days. Bitcoin is growing in popularity and will continue to grow in popularity.

I disagree with this somehow.  I do not think Bitcoin is the first thing on the list of investors.  Since we have seen that many are still into altcoin, not saying many are still choosing traditional investment over Bitcoin investment.  Only people who are into cryptocurrency and is well aware of the risk involved in altcoin and knowledgeable about cryptocurrency are the one who have Bitcoin as their first choice on investment.
hero member
Activity: 994
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November 22, 2023, 03:26:28 PM
#46
People are now comparing Bitcoin to gold. And those who are planning to buy gold are buying bitcoins instead of gold because what gold could not give a person in 10 years, bitcoin can give an investor the same amount of profit in just a few days.
We've seen the price of Bitcoin rise relative to gold at a time when the price of gold was being overtaken by the price of BTC.
From what i have read in this topic, i can say that too many people are missing the point, BTC and gold are not in any competition, BTC is not in competition with any asset, not even fiat. BTC is a p2p electronic cash that is permissionless and decentralized, and take note that BTC was designed as a currency, and it is only used as an investment because it is volatile.

BTC and gold are both different, gold is a safe haven asset and also a store of value, so to people who are looking for stability of their funds and a hedge for it, they will buy gold without caring about its slow return on investment. BTC is much more volatile than gold and its price can change very quickly, so it is up to the investor to choose the asset they want based on their desired use case.
sr. member
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Merit: 366
November 22, 2023, 03:12:39 PM
#45
Physical assets like gold silver or diamond has created their own reputation over the time of their existence. They have been around for so long that if you go to any corner of the world and ask anyone about them, 90% to 98% of people will be able to answer what they are. But if you look at Bitcoin, you cannot say the same thing about it. But that doesn't mean that Bitcoin is bad or haven't achieved something good. Given the fact that Bitcoin is still young, the thing that it has achieved took others centuries. For this I will say that Bitcoin has outdone itself.
But in terms of comparison, you cannot compare Bitcoin with physical assets such as gold or silver or diamond. Bitcoin has its own reputation and those assets have their own reputation. They are doing great in the particular category. Can we say that Bitcoin is in its early stages? Maybe or maybe not! Only people who are technologically advanced knows about Bitcoin. And when there will be no people left without the knowledge of technology and Bitcoin, I think that will be the time when we can say that Bitcoin has reached its peak. It's going to take some time so now could be an early stage but the amount of people using Bitcoin today also makes it not an early stage. It's a bit confusing but it is the reality.
hero member
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November 22, 2023, 02:53:06 PM
#44
Speaking of Bitcoin, there have been some very good factors that drive its value, and it will still continue like that until, who knows when? We know that no one can actually tell what the future holds, but in the past, there was much value placed on most natural resources. But these days, the majority of investors are shifting from gold or petroleum investments to investing in fintech like Bitcoin, and since Bitcoin has a limited supply compared to high demand, its value is also high. Again, Bitcoin is decentralized, and the synonymous brain behind Bitcoin is not known, which is a reminder to Bitcoiners that it is meant to be decentralized for the technology to keep waxing strong.
sr. member
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November 22, 2023, 11:01:38 AM
#43
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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.
Hmmm, this point caught my eye: we are still in the pre-stage of Bitcoin, and it is too early for the world to benefit from the gold of currency (Bitcoin). Because, if we look, traditional currency is baked up, trade is for stuff, and many other things like gold were and are. Although the discovery of gold was made by the Egyptians in 2450 BC, it is not accessible to everyone in modern times, and everyone knows how valuable it is. But now no one can buy a KG of gold easily, but those people who bought and held gold in the early stages are now happy and are now selling it at a high price. So right now, Bitcoin is also in its early stages, and it is better to buy and hold it. Because those who took Bitcoin seriously and invested in 2010 or even earlier would have taken the profit in 2021, which no one would have taken.

So it means to be mature and think about Bitcoin because you will regret it later, like those people who didn't buy gold at a low price and were unable to make a profit. Because it is the Gold of currency.

Yes, I also make a small investment under DCA in Bitcoin every month, which I get from my signature earnings. And it is planned to sell it in Bull Run and earn profit.
sr. member
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November 22, 2023, 10:24:09 AM
#42
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.

The way Bitcoin has changed its position since 2009, everything else hasn't changed that much to date. The change in Bitcoin price has increased tremendously, and this BTC has been able to gain huge popularity among people. 14 years ago Bitcoin's value and its popularity were not at all but, after 14 years, Bitcoin's position has risen to such a high level that it is known as a currency of choice for everyone. We've seen the price of Bitcoin rise relative to gold at a time when the price of gold was being overtaken by the price of BTC. This bitcoin I believe will go higher in the future and ATH, so people invest most bitcoins for investment and keep their money here to earn.
sr. member
Activity: 1386
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November 22, 2023, 10:06:06 AM
#41
Bitcoin was a great invention in 2009. We first came to know about Bitcoin in 2009 and since then Bitcoin has created a different kind of discussion around the world. In the beginning, people did not pay much attention to this currency, but gradually this digital currency has transformed into one of the most popular digital currencies. When people think of investing now, the first thing on their list of choices is Bitcoin. Bitcoin has changed its price step by step and the popularity of Bitcoin has increased from year to year. People are now comparing Bitcoin to gold. And those who are planning to buy gold are buying bitcoins instead of gold because what gold could not give a person in 10 years, bitcoin can give an investor the same amount of profit in just a few days. Bitcoin is growing in popularity and will continue to grow in popularity.
full member
Activity: 504
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November 22, 2023, 09:34:46 AM
#40
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.
When we trade bitcoins we must trade carefully. The money we will trade in Bitcoin is certainly foolish to trade our entire money in Bitcoin. Because Bitcoin always requires long-term planning. It turns out that I invested all my money to trade Bitcoin. It turns out that after two and a half months I needed some money and I was forced to sell the coins that I had in my own trade. Then I will unintentionally face losses in Bitcoin trades. So we should all plan for the long term when we invest in Bitcoin. So that we don't have to sell the traded coins in a few days. What I think is all the money you trade bitcoins. Keep some for your needs and trade the rest in Bitcoin.
sr. member
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November 22, 2023, 09:19:54 AM
#39
Bitcoin has grown fast and high in a short time, and Bitcoin certainly has many benefits for people who adopted it when Bitcoin was still cheap.

I think before investing in BTC, knowledge must be prioritized and only money that is ready to be lost is worth investing in BTC, and I think before investing in BTC we must have a job in the real world, in essence we must have a regular income every month, so that we can invest. We are in BTC for the long term, it's safer and it would be better if we also had savings for emergency funds because I know many people sell their Bitcoin because they don't have emergency funds, such as selling BTC because they need to pay for hospital treatment, and ultimately a long-term investment.in BTC failed due to incorrect implementation of the system and strategy. The DCA system is very good to use to buy BTC, and many people use the DCA system.

I think the expression above is correct and BTC is always there for people who look straight ahead, even though we know it is still in the early stages, it is not impossible, maybe there are those who still have difficulty taking a big position. in a market like now where negative news is always the opening menu. sweet, and investors exchange the value of bitcoin. A day later, speculators took advantage of the opportunity to buy at a discount. Yes. DCA is also a good suggestion for accumulation.
sr. member
Activity: 798
Merit: 364
November 22, 2023, 09:05:42 AM
#38
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? You know building generational wealth is a long term goal although it's possible with Bitcoin's potential for growth but I think it would be more better when you are DCAing, you should also DCAout a portion of your Bitcoin holdings as the price increases because this can help you to lock in profits and reduce your risk and you can still leave some of your Bitcoin holdings to potentially grow in value over time otherwise, you might not enjoy the fruit of your long term holding.
Has anyone asked for your advice? I mean, I mostly agree with what you said, but it's kinda funny how you just made a post about how BTC is good and why is it important to buy it. It's like no one knows that on the Bitcoin Forum.

This is interesting, newbie challenging newbie! You're somehow right, most of this discussion has been discussed long ago but you all are too lazy to search and get answers to your problem.
legendary
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November 22, 2023, 08:35:34 AM
#37
Hehe, the Overachiever tag, sounds like an achievement in the PUBG, OP TBH your post got my attention because of this keyword. The achievements of Bitcoins are not fewer to any Global asset, or digital brand. In the world of fame, Bitcoin is touching new highs every day. So OP is here to achieve financial goals and enjoy the freedom with Bitcoin accumulation This is not new to hear and it has been aforementioned by many members as well.

Still a pin of motivation for OP, may your journey go smoothly, undoubtedly Bitcoin rally is gonna attract such sort of more topics and i won't be bored to know what as new others think about Bitcoin, their expectations, and stories. Becasue all these days in recent I'm sick of these network fee's topics and posts hehe. A bit complicated and boring in nature.
sr. member
Activity: 588
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November 22, 2023, 08:25:28 AM
#36
Has anyone asked for your advice? I mean, I mostly agree with what you said, but it's kinda funny how you just made a post about how BTC is good and why is it important to buy it. It's like no one knows that on the Bitcoin Forum.
He was just showing his love and interest in BTC and how he achieved things with respect to other commodities and assets that are way older than BTC, but BTC made a great performance. Just to clarify the topic more, the OP could use useful facts or interesting figures, for example, a comparison between gold or BTC, with other assets or securities, or with commodities.

For example, in 2011, the price of gold was a few dollars less than it is now, but in 2011, the price of BTC was not a few dollars less than it is now, and you know that, but maybe many others might not know that. We should be gentle with others and avoid using words that would discourage a newbie from making posts here.
I know this is not something unique or interesting, but it might be for OP and for many other members, and talking about the current market situation, these posts will give some reassurance to your mind that BTC is here and that it will help you achieve things like it did back in the past.
That's right, sometimes some newbies just want to show interest in bitcoin so there will be topics that make us feel bored because almost everyone knows about it. If we don't like what they say, we can ignore it and don't need to be harsh with them because the forum has no rules prohibiting newbies from posting these things.

But I don't see any sense in comparing bitcoin with gold because gold's hype period is over and it has become so big that it's almost saturated. Meanwhile, bitcoin is still just a young asset and has a lot of development potential. And at some point bitcoin will be like gold, its growth will slow down and its profits will get smaller and smaller as it gets bigger and bigger.
hero member
Activity: 1414
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November 22, 2023, 05:32:36 AM
#35
Has anyone asked for your advice? I mean, I mostly agree with what you said, but it's kinda funny how you just made a post about how BTC is good and why is it important to buy it. It's like no one knows that on the Bitcoin Forum.
He was just showing his love and interest in BTC and how he achieved things with respect to other commodities and assets that are way older than BTC, but BTC made a great performance. Just to clarify the topic more, the OP could use useful facts or interesting figures, for example, a comparison between gold or BTC, with other assets or securities, or with commodities.

For example, in 2011, the price of gold was a few dollars less than it is now, but in 2011, the price of BTC was not a few dollars less than it is now, and you know that, but maybe many others might not know that. We should be gentle with others and avoid using words that would discourage a newbie from making posts here.
I know this is not something unique or interesting, but it might be for OP and for many other members, and talking about the current market situation, these posts will give some reassurance to your mind that BTC is here and that it will help you achieve things like it did back in the past.
full member
Activity: 807
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November 22, 2023, 03:56:50 AM
#34
If it were easy to find a high-paying job, not everyone would have difficulties in life, and people wouldn't have to work hard to find new solutions. We don't need to find a high-paying job, we just need to put in a little extra effort like doing side jobs to increase our income and then plan to invest in bitcoin.

I agree that we should prioritize family life needs over investments, but maybe investing is an opportunity for us to overcome the current situation. Therefore, we must trade off a little instead of always thinking we need stability before investing. Because if we have achieved economic stability, do we still need to invest?
Everyone certainly wants the work they do to earn a high income to be able to meet their needs so that they don't have difficulty in meeting the needs they need, even those who have high incomes are still looking for additional income if they have free time, if we can invest. Of course we have thought about the future so that we don't have financial problems if we are no longer able to do the job.

I agree with you, we must first be able to meet our family's needs before investing, but after we can meet our family's needs we can invest, because we never know that we will have financial problems in the future.
full member
Activity: 363
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November 22, 2023, 02:47:25 AM
#33
Bitcoin has grown fast and high in a short time, and Bitcoin certainly has many benefits for people who adopted it when Bitcoin was still cheap.

I think before investing in BTC, knowledge must be prioritized and only money that is ready to be lost is worth investing in BTC, and I think before investing in BTC we must have a job in the real world, in essence we must have a regular income every month, so that we can invest. We are in BTC for the long term, it's safer and it would be better if we also had savings for emergency funds because I know many people sell their Bitcoin because they don't have emergency funds, such as selling BTC because they need to pay for hospital treatment, and ultimately a long-term investment.in BTC failed due to incorrect implementation of the system and strategy. The DCA system is very good to use to buy BTC, and many people use the DCA system.
sr. member
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November 22, 2023, 01:30:59 AM
#32
Bitcoin is good investment and the best thing is that it is decentralized no one can control. Gold and diamonds will never compete with each other because gold is controlled by the government if the country's economy is disrupted it will have an impact on them. Bitcoin will not be influenced by anything, individuals will invest in bitcoin independently as day by day demand and supply increases. Bitcoin is a more volatile investment that can provide faster returns while gold is relatively stable but has limited growth potential. Gold is widely used as currency in many countries of the world. Nowadays it is considered as an asset for investment bitcoin is more volatile than gold as an investment medium even if gold suffers, Bitcoin will remain in its place.
sr. member
Activity: 714
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November 22, 2023, 01:23:20 AM
#31
There isn't currently a better investment than bitcoin. I don't know about other people, but in my experience, there isn't a better investment that is very portable than bitcoin. You can start investing with as little as you have, so as an investor, you don't have to worry about needing to save up enough money before you start investing. The way things will proceed is that since bitcoin is a model investment and those are natural resources that are well known before our fathers, we won't be here to discuss it or talk about gold or other natural resources with which bitcoin is currently in competition. Bitcoin has become a successful investment.

But there's still something that a lot of us don't get. I have a friend who was introduced to bitcoin, but he changed his mind after learning that it is a long-term investment. Now, he is asking me if it is true that the bitcoin market bull run is now normal. Up until now, we all assume too much that we will expect the gain at that specific time after investing in bitcoin. This is why many people give up when they want to invest in bitcoin.
legendary
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HODL
November 22, 2023, 12:40:31 AM
#30
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.
If it were easy to find a high-paying job, not everyone would have difficulties in life, and people wouldn't have to work hard to find new solutions. We don't need to find a high-paying job, we just need to put in a little extra effort like doing side jobs to increase our income and then plan to invest in bitcoin.

I agree that we should prioritize family life needs over investments, but maybe investing is an opportunity for us to overcome the current situation. Therefore, we must trade off a little instead of always thinking we need stability before investing. Because if we have achieved economic stability, do we still need to invest?
legendary
Activity: 2044
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Not your keys, not your coins!
November 21, 2023, 08:15:29 PM
#29
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.

Quote
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.
legendary
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November 21, 2023, 06:53:05 PM
#28
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.
sr. member
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November 21, 2023, 06:44:47 PM
#27
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.
hero member
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November 21, 2023, 05:49:14 PM
#26
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.
sr. member
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November 21, 2023, 05:38:30 PM
#25
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.
legendary
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November 21, 2023, 02:46:36 PM
#24
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.
hero member
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November 21, 2023, 01:58:20 PM
#23
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.
hero member
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November 21, 2023, 01:47:50 PM
#22
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.
sr. member
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November 21, 2023, 09:52:13 AM
#21
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.
hero member
Activity: 1652
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Catalog Websites
November 21, 2023, 09:46:20 AM
#20
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.
hero member
Activity: 560
Merit: 511
November 21, 2023, 09:34:10 AM
#19
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.
full member
Activity: 448
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November 21, 2023, 09:09:53 AM
#18
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.
sr. member
Activity: 672
Merit: 416
stead.builders
November 21, 2023, 08:05:47 AM
#17
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.
jr. member
Activity: 119
Merit: 0
November 21, 2023, 07:56:38 AM
#16
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.
sr. member
Activity: 1479
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Seabet.io | Crypto-Casino
November 21, 2023, 07:48:43 AM
#15
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
hero member
Activity: 2870
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Vave.com - Crypto Casino
November 21, 2023, 07:43:09 AM
#14
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.
sr. member
Activity: 588
Merit: 338
November 21, 2023, 07:34:46 AM
#13
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.

full member
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★Bitvest.io★ Play Plinko or Invest!
November 21, 2023, 05:52:39 AM
#12
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.
sr. member
Activity: 812
Merit: 315
Vave.com - Crypto Casino
November 21, 2023, 03:40:13 AM
#11
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.
legendary
Activity: 2422
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Leading Crypto Sports Betting & Casino Platform
November 21, 2023, 03:13:20 AM
#10
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".
copper member
Activity: 1470
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Bitcoin Bottom was at $15.4k
November 21, 2023, 03:05:21 AM
#9
If you look at the global population number and the number of people who are invested in Crypto, you will understand how much more is yet to be achieved by Bitcoin.
It's not an overachiever in my opinion, it's just the first-ever calculated profitable asset by a genius for a normal man providing us an opportunity to invest in something that is not under the control of Governments.
hero member
Activity: 2366
Merit: 838
November 21, 2023, 03:04:35 AM
#8
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 don't know where you get information for it but Bitcoin is the best performer in the last decade, it's true.

ROI chart https://casebitcoin.com/charts#roi_chart for Bitcoin, Gold, S&P 500, Long US Bonds (TLT)
Bitcoin vs Traditional Assets
Any better investment than Bitcoin? You can not have it.

But because you invest money in Bitcoin, you need to use non custodial, open source wallet to store your Bitcoin. Wallets like Bitcoin Core, Electrum wallets.
hero member
Activity: 882
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Crypto Swap Exchange
November 21, 2023, 03:04:08 AM
#7
It is not competing with Gold, Diamond, Uranium or any other physical material in the world.  Bitcoin is a species of its own riding its own wave.  Gold has about no thing to do with Bitcoin, they are two different things.  I really do wish every body stopped comparing Bitcoin with materials.  Materials are used for many purposes other than being active on the Stock market and serve different purposes than Bitcoin.
legendary
Activity: 2702
Merit: 4002
November 21, 2023, 03:04:01 AM
#6
If you look at Bitcoin as an investment or asset that increases in value quickly, then eventually a day will come when the market reaches a market capacity that breaks 4-year cycles, and then the reduction in the quantity supplied will have a minimal impact, making the price stable.
All technologies that benefit people and provide solutions are of high value. The irony is that the high value of Bitcoin appeared from the first years and did not wait 20 or 50 years as some companies needed.
sr. member
Activity: 420
Merit: 315
Top Crypto Casino
November 21, 2023, 02:57:12 AM
#5
Has anyone asked for your advice? I mean, I mostly agree with what you said, but it's kinda funny how you just made a post about how BTC is good and why is it important to buy it. It's like no one knows that on the Bitcoin Forum.
I think what the OP is trying to say is Bitcoin has succeeded faster that was expected.
Quote
“I’m sure that in 20 years there will either be very large transaction volume or no volume.”
Satoshi Nakamoto 2010.
It's growth was within expectation. It was something like
either it performs exceptionally or catastrophicly.
The overachiever I can see it as, is evolving to meet various needs of the community; growing beyond been just a currency or means of payment.
Quote
bitcoin being branded as an overachiever is a sign of perfection and bitcoin isn't a perfect thing.
overachiever doesn't necessarily mean perfection. It means beating expectations.
Yes it has its flaws, passed through challenges but its persistence and survival is worth commending.
 It existing means People still want it and find it useful.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
November 21, 2023, 02:49:14 AM
#4
If you lack of money and live from paycheck to paycheck, it means you need to find a high paying job first.
Even with a high paying job, you're still going to have a hard time being able to maintain an investment with just one cashflow, what needs to be done besides finding that high paying job is for you to learn other trade skill or any service related skill and then try and capitalize on what you learn to make another cashflow but make sure that your side work doesn't interfere with your stable job because it's going to take a toll in your body and mind which is disastrous for you. Bitcoin isn't an overachiever, in my opinion it's more like it's not meeting people's expectations when it comes to price that it should be right now, some wants it higher while others don't want it to be that way but here we are, bitcoin being branded as an overachiever is a sign of perfection and bitcoin isn't a perfect thing.
jr. member
Activity: 139
Merit: 5
November 21, 2023, 02:41:14 AM
#3
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.


Has anyone asked for your advice? I mean, I mostly agree with what you said, but it's kinda funny how you just made a post about how BTC is good and why is it important to buy it. It's like no one knows that on the Bitcoin Forum.
legendary
Activity: 1820
Merit: 1207
November 21, 2023, 02:39:12 AM
#2
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.
sr. member
Activity: 266
Merit: 205
November 21, 2023, 02:30:18 AM
#1
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.
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