Bitcoin Bullish period and advantage.

EarnOnVictor

hero member

Activity: 882

Merit: 654

Leading Crypto Sports Betting & Casino Platform

Quote from: Republikcoin.com on October 17, 2024, 05:17:54 AM

Quote from: martinex on October 16, 2024, 10:11:20 AM

I think the government will also be afraid of losing its partners, namely owners/customers with large amounts of fiat who have long deposited their funds in their banks where the potential to switch to digital-based financial instruments will be very likely, they will buy BTC even though they also know that BTC is also included in the speculative asset category that has high volatility that is not easy to predict. Yes. if we look at it, Bitcoin has a safe haven nature and is also attractive to be used as a profitable investment vehicle.

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

It's true, people are getting smarter these days, and it is not only to disallow the government to control their fiat money but also to be smarter with their daily transactions. For instance, I abandoned my bank's debit card for a crypto credit card because the crypto card has better use, fees and options for me. I can get the card for free with no annual charges and will still have the opportunity to pay almost anywhere in the world. What a good and convenient offer! But my bank's card fees "can make you break a bank" when it comes to the issuance fees, transaction fees, maintenance fees (monthly and yearly) etc.

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

laijsica

full member

Activity: 126

Merit: 93

Quote from: Out of mind on October 22, 2024, 04:25:03 AM

Quote from: laijsica on October 17, 2024, 12:48:45 AM

•••.

Quote from: Tmoonz on October 16, 2024, 11:24:02 PM

I believe that one of the reasons while most of the earliest holdler are still holding on to their investment might be as a result of very curious as regards to what extend will become of Bitcoin in the long run such that even when the sell they will only sell part of their investment while still continuing with increasing their holding, no doubt that Bitcoin holds a long term potential where many can as well pass it to their generation as a generational wealth, you are right at saying it requires lots of discipline over coming the temptation of not selling even when the market is in bullish but hold on to their investment for as long as necessary and that is exactly what makes one a true holdler.

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

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

When an investor owns a stash of valuable assets like Bitcoin he must take care of it. I would like to be more focused on keeping assets like Bitcoin for the next generation because considering the real situation, it can be assumed that its value will continue to increase gradually and more value than real assets can be expected. The current price scenario is crossing bullish period which continues to increase the expectation ratio for investors and is on the verge of touching ATH so every investor should take care of his holdings responsibly and withdraw himself from the tendency to sell in anticipation of low profit and expect high profit.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: Zanab247 on October 18, 2024, 06:27:40 AM

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

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

Out of mind

sr. member

Activity: 658

Merit: 321

I like to treat everyone as a friend 🔹

Quote from: laijsica on October 17, 2024, 12:48:45 AM

•••.

Quote from: Tmoonz on October 16, 2024, 11:24:02 PM

I believe that one of the reasons while most of the earliest holdler are still holding on to their investment might be as a result of very curious as regards to what extend will become of Bitcoin in the long run such that even when the sell they will only sell part of their investment while still continuing with increasing their holding, no doubt that Bitcoin holds a long term potential where many can as well pass it to their generation as a generational wealth, you are right at saying it requires lots of discipline over coming the temptation of not selling even when the market is in bullish but hold on to their investment for as long as necessary and that is exactly what makes one a true holdler.

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

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

laijsica

full member

Activity: 126

Merit: 93

Quote from: Republikcoin.com on October 18, 2024, 05:59:40 AM

Quote from: laijsica on October 18, 2024, 05:35:31 AM

Your opinion has an impression of reality which is constantly happening and people have increased their expectations and buying tendencies towards Bitcoin. Many investors I see continue to deposit bitcoins through the single purchase or DCA method without depositing money in the bank or insurance. I think those investors are following this approach which is increasing their expectations for Bitcoin. I'm really skeptical that they are showing over-emotional tendencies as real asset volumes should continue to rise.
The value of Bitcoin is volatile so one should not show excessive emotion in investing. Investors should invest the amount they can afford to lose.

I am only talking about investors who are experienced and also smart in investing where they clearly do not prioritize their emotions and panic when facing something that is not usual for them. That means I am not talking about investors who are learning to invest and also people who are more directed by their own emotions towards something so that they only see one without paying attention to the other. Real assets have indeed continued to increase and I think that this is also quite in line with the value of money and the value of other assets such as precious metals and others so that those who keep cash will really lose out to people who keep valuable assets such as Bitcoin, gold, and land located near urban areas.

In fact it is very important to keep valuable assets like Bitcoin in addition to our physical assets as its value is constantly increasing and may touch $100k very soon and it is possible that Bitcoin price can reach 150k or more by 2025. At the same time, the value of our real assets is not increasing in that proportion, so we have to think more about how much real assets are important for the future. The amount of real assets should be of such a size that it is possible to live comfortably. By buying bitcoin in exchange for additional assets we can build up a large stack that can bring a balance between our two assets.

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: Republikcoin.com on October 17, 2024, 05:17:54 AM

Quote from: martinex on October 16, 2024, 10:11:20 AM

I think the government will also be afraid of losing its partners, namely owners/customers with large amounts of fiat who have long deposited their funds in their banks where the potential to switch to digital-based financial instruments will be very likely, they will buy BTC even though they also know that BTC is also included in the speculative asset category that has high volatility that is not easy to predict. Yes. if we look at it, Bitcoin has a safe haven nature and is also attractive to be used as a profitable investment vehicle.

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

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

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

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

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: Republikcoin.com on October 17, 2024, 05:17:54 AM

Quote from: martinex on October 16, 2024, 10:11:20 AM

I think the government will also be afraid of losing its partners, namely owners/customers with large amounts of fiat who have long deposited their funds in their banks where the potential to switch to digital-based financial instruments will be very likely, they will buy BTC even though they also know that BTC is also included in the speculative asset category that has high volatility that is not easy to predict. Yes. if we look at it, Bitcoin has a safe haven nature and is also attractive to be used as a profitable investment vehicle.

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

Only few government that fully support Bitcoin adoption while majority or countries now are still against Bitcoin just like what you said?
It is about banks that is backed by government as they can milk money on it,not like in Bitcoin that it's harder for them to take their bags of money .

Zanab247

full member

Activity: 1358

Merit: 207

Catalog Websites

Quote from: LUCKMCFLY

Quote from: lixer

When salaries are put into bitcoin at the start of each month (majority of the work force gets paid once a month at the start of the month) we are going to see the price reaching another high. It may have dropped a bit but it will recover without a doubt.

I hope that one day such a beautiful thing happens in the world, because they will pay in btc for each job that is done, I think that people would value working much more and would value doing any job just to earn more btc, and in view of this, more btc would always be produced for everyone at a much higher price, in addition to the fact that the btc adoption would be something global, it is like what would set the tone for the future that is very close, we just have to change the ways of thinking of some retrograde heads of state in many countries that are against this majesty.

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

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

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: laijsica on October 18, 2024, 05:35:31 AM

Your opinion has an impression of reality which is constantly happening and people have increased their expectations and buying tendencies towards Bitcoin. Many investors I see continue to deposit bitcoins through the single purchase or DCA method without depositing money in the bank or insurance. I think those investors are following this approach which is increasing their expectations for Bitcoin. I'm really skeptical that they are showing over-emotional tendencies as real asset volumes should continue to rise.
The value of Bitcoin is volatile so one should not show excessive emotion in investing. Investors should invest the amount they can afford to lose.

I am only talking about investors who are experienced and also smart in investing where they clearly do not prioritize their emotions and panic when facing something that is not usual for them. That means I am not talking about investors who are learning to invest and also people who are more directed by their own emotions towards something so that they only see one without paying attention to the other. Real assets have indeed continued to increase and I think that this is also quite in line with the value of money and the value of other assets such as precious metals and others so that those who keep cash will really lose out to people who keep valuable assets such as Bitcoin, gold, and land located near urban areas.

laijsica

full member

Activity: 126

Merit: 93

Quote from: Republikcoin.com on October 17, 2024, 05:17:54 AM

Quote from: martinex on October 16, 2024, 10:11:20 AM

I think the government will also be afraid of losing its partners, namely owners/customers with large amounts of fiat who have long deposited their funds in their banks where the potential to switch to digital-based financial instruments will be very likely, they will buy BTC even though they also know that BTC is also included in the speculative asset category that has high volatility that is not easy to predict. Yes. if we look at it, Bitcoin has a safe haven nature and is also attractive to be used as a profitable investment vehicle.

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

Your opinion has an impression of reality which is constantly happening and people have increased their expectations and buying tendencies towards Bitcoin. Many investors I see continue to deposit bitcoins through the single purchase or DCA method without depositing money in the bank or insurance. I think those investors are following this approach which is increasing their expectations for Bitcoin. I'm really skeptical that they are showing over-emotional tendencies as real asset volumes should continue to rise.
The value of Bitcoin is volatile so one should not show excessive emotion in investing. Investors should invest the amount they can afford to lose.

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: martinex on October 16, 2024, 10:11:20 AM

I think the government will also be afraid of losing its partners, namely owners/customers with large amounts of fiat who have long deposited their funds in their banks where the potential to switch to digital-based financial instruments will be very likely, they will buy BTC even though they also know that BTC is also included in the speculative asset category that has high volatility that is not easy to predict. Yes. if we look at it, Bitcoin has a safe haven nature and is also attractive to be used as a profitable investment vehicle.

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

laijsica

full member

Activity: 126

Merit: 93

Quote from: martinex on October 16, 2024, 10:11:20 AM

Quote from: laijsica on October 09, 2024, 01:46:59 AM

In fact, if you consider Bitcoin as a financial hedge on a large scale, there is absolutely no denying its potential in the future. Bitcoin can play an important role in a country's financial sector by taking a prudent approach through monetary policy.

I think the government will also be afraid of losing its partners, namely owners/customers with large amounts of fiat who have long deposited their funds in their banks where the potential to switch to digital-based financial instruments will be very likely, they will buy BTC even though they also know that BTC is also included in the speculative asset category that has high volatility that is not easy to predict. Yes. if we look at it, Bitcoin has a safe haven nature and is also attractive to be used as a profitable investment vehicle.

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

Quote from: Tmoonz on October 16, 2024, 11:24:02 PM

I believe that one of the reasons while most of the earliest holdler are still holding on to their investment might be as a result of very curious as regards to what extend will become of Bitcoin in the long run such that even when the sell they will only sell part of their investment while still continuing with increasing their holding, no doubt that Bitcoin holds a long term potential where many can as well pass it to their generation as a generational wealth, you are right at saying it requires lots of discipline over coming the temptation of not selling even when the market is in bullish but hold on to their investment for as long as necessary and that is exactly what makes one a true holdler.

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

AirtelBuzz

sr. member

Activity: 406

Merit: 371

Quote from: Plaguedeath on May 22, 2024, 08:02:15 AM

The reality people who buy Bitcoin at the dip and sell during bullish is better than DCA and holding.

I don't think people who buy bitcoins on dips period and sell on bullish season they are better than DCA and holding. Crypto is volatile, so do you know exactly when the market will have a dip and when the market will have a bullish period? Dips are unpredictable so it is better to buy bitcoins gradually rather than just waiting for the dip period, there are many who wait for the dip period and disrupt their investment.

Quote

Trader is better than investor, everyone can become investor, but not everyone can become trader.

A trader is better than an investor, everyone can be an investor but not everyone can be a trader. In view of your statement, I would like to say that everyone can be a trader but not everyone can be successful in their trading. Because trading involves more risk than investing. Moreover, trading is mainly short term based and investing is for long term (Prolongs up to several years). If someone wants to make money from trading then he must first be experienced, without experience you will never be successful in trading.

Tmoonz

sr. member

Activity: 308

Merit: 256

Quote from: Mr.suevie on May 22, 2024, 05:39:37 PM

Quote from: Hatchy on May 22, 2024, 10:26:58 AM

Quote from: Plaguedeath on May 22, 2024, 08:02:15 AM

The reality people who buy Bitcoin at the dip and sell during bullish is better than DCA and holding.

I don't think those who sold during the bull season are better than the DCA holder. They are just simply traders though we can categories them as long term holders but their initial investment plan was to sell off at any slight bull so their aren't going to make as much profit as those who would be using the DCA and continually accumulating for a longer term. Yes these investors also have a target, but they over look the bull most times and continue holding. Just like @Frankolala said, they would have to buy once again but at a higher value compared to when they had first bought and this to me is going to be loss for them but to the DCA holders it would be profit as they already have a lot of coins piled up and waiting for what ever x market they were waiting for.

The true is that not all investors are true long term holders, some hold for just the four year circle and hope to sell off while another set sell at every given interval that's warrants profits to their holdings well this set of person are classed as short term trader's and we now have the true investors that actually hodl Bitcoin for a really long time and this category or type of investors are even rare because I believe to achieve this one must be disciplined and have self control to not be tempted to sell off when the Bitcoin price is high. I believe some Bitcoin HODLers are still HODLing their coins even from the early days till date and those types of investors are the true holders.

I believe that one of the reasons while most of the earliest holdler are still holding on to their investment might be as a result of very curious as regards to what extend will become of Bitcoin in the long run such that even when the sell they will only sell part of their investment while still continuing with increasing their holding, no doubt that Bitcoin holds a long term potential where many can as well pass it to their generation as a generational wealth, you are right at saying it requires lots of discipline over coming the temptation of not selling even when the market is in bullish but hold on to their investment for as long as necessary and that is exactly what makes one a true holdler.

Onyeeze

full member

Activity: 700

Merit: 205

Quote from: martinex on October 16, 2024, 10:11:20 AM

Quote from: laijsica on October 09, 2024, 01:46:59 AM

In fact, if you consider Bitcoin as a financial hedge on a large scale, there is absolutely no denying its potential in the future. Bitcoin can play an important role in a country's financial sector by taking a prudent approach through monetary policy.

I think the government will also be afraid of losing its partners, namely owners/customers with large amounts of fiat who have long deposited their funds in their banks where the potential to switch to digital-based financial instruments will be very likely, they will buy BTC even though they also know that BTC is also included in the speculative asset category that has high volatility that is not easy to predict. Yes. if we look at it, Bitcoin has a safe haven nature and is also attractive to be used as a profitable investment vehicle.

actually bitcoin is good to have but I know very well that if you are investing in Bitcoin you need to be extremely careful not every time that you invest in Bitcoin that you make a profit it is quite understandable from someone who has experience bitcoin investment before but if you have not experience a bitcoin investment I believe that you would think that anytime you invest in Bitcoin you will also make a profit, does not come just like that in Bitcoin investment you must have a timing so that your time in willy determine your profit neither a long-term investment or a short term investment in bitcoin.

martinex

full member

Activity: 392

Merit: 130

PredX - AI-Powered Prediction Market

Quote from: laijsica on October 09, 2024, 01:46:59 AM

In fact, if you consider Bitcoin as a financial hedge on a large scale, there is absolutely no denying its potential in the future. Bitcoin can play an important role in a country's financial sector by taking a prudent approach through monetary policy.

I think the government will also be afraid of losing its partners, namely owners/customers with large amounts of fiat who have long deposited their funds in their banks where the potential to switch to digital-based financial instruments will be very likely, they will buy BTC even though they also know that BTC is also included in the speculative asset category that has high volatility that is not easy to predict. Yes. if we look at it, Bitcoin has a safe haven nature and is also attractive to be used as a profitable investment vehicle.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: laijsica on October 12, 2024, 08:23:43 AM

I think some of the world's governments don't officially allow Bitcoin, but individuals and financial institutions are indirectly allowing it as a result of massive holdings, and Bitcoin can be an important hedge with the financial system. I personally think that governments are a bit hesitant to adopt Bitcoin due to its decentralization and price volatility, but should gradually implement some strategy to further expand Bitcoin's reach. However, the increasing acceptance of Bitcoin around the world and the increase in the number of individual and institutional holders continue to increase its diversified financial reach.
In the future if governments goes to limited Bitcoin it will have little impact on demand growth because it is decentralized in a way that demand will continue to grow.

It's that people will always look for a way to make money no matter what, for example in my country if the government prohibits something , people do not care, they do not comply , they prefer to be arrested before listening to the government, why ? Because the government is the first thief and corrupt there is, then the government no longer has much authority to prohibit, it is difficult when a country becomes irreverent, when it is believed that there is a monarch called president, but who does not seek the improvement of his people, then because of this many, those who discover BTC take it as the easiest mechanism to get out of any crisis, even above gold, that is why the bullish movements, low prices of btc in some countries affect a lot , but not to particular economies.

EarnOnVictor

hero member

Activity: 882

Merit: 654

Leading Crypto Sports Betting & Casino Platform

Quote from: bitgolden on October 10, 2024, 12:33:23 PM

Now we are waiting for more, like 100k or more, and this means we are going to end up with a much better result in the end. So all in all, I believe we are going to end up with a good result when the time comes, which is why I believe we are going to end up with something that benefits us as well.

Oh, yes, that's the gist and I love the way you make it look like an end result rather than the aggressive and impatient way people believe it would happen. Bitcoin is a good coin and may ever be, but we should stop exaggerating things as if it will reach $100K or $150K within a few days, it doesn't work like that especially when the asset is as expensive as Bitcoin as the market capitalization is now growing close to $1.5T, more adopters and huge liquidity are needed to sustain this worth and keep it moving higher. This will have to happen patiently because money will not just spring up from nowhere, it takes to accumulate as we want. However, let's see what the US election will do for Bitcoin.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: BALIK on October 09, 2024, 08:20:30 AM

Bitcoin has huge potential and I believe it will become something huge but with its scarcity and high volatility, it is more suited as an asset, an investment rather than a payment method.

Well I also see BTC more as an investment and not as a payment method, the payment method with BTC is a fact, but I think the potential is much higher than what many expect, personally I have always said something, as long as BTC is the world currency that I know it will become, then basically things will become based on BTC, but we have to consider that for now we have to try to get a lot of BTC so that it can make a difference, if for now we apply the DCA method it is the smartest thing that can be done regardless of the price of BTC that it has for now.

Quote from: laijsica on October 12, 2024, 08:23:43 AM

I think some of the world's governments don't officially allow Bitcoin, but individuals and financial institutions are indirectly allowing it as a result of massive holdings, and Bitcoin can be an important hedge with the financial system. I personally think that governments are a bit hesitant to adopt Bitcoin due to its decentralization and price volatility, but should gradually implement some strategy to further expand Bitcoin's reach. However, the increasing acceptance of Bitcoin around the world and the increase in the number of individual and institutional holders continue to increase its diversified financial reach.
In the future if governments goes to limited Bitcoin it will have little impact on demand growth because it is decentralized in a way that demand will continue to grow.

There is no doubt about that, whatever happens when most people realize that with BTC their money will yield, and that everything is not a mirage or anything, then there will be results of not giving it any importance if the government accepts it, prohibits it or does something like that, people will look for a way to obtain BTC whatever it takes, even if it means going against the laws, that is something that everyone should see, when it comes to money things work that way.

laijsica

full member

Activity: 126

Merit: 93

Quote from: LUCKMCFLY on October 10, 2024, 10:40:39 PM

Quote from: laijsica on October 08, 2024, 12:44:36 AM

I totally agree with you. Most of the developed countries of the world are following cashless strategies in their financial endeavors and they have been quite successful. The cashless concept of countries is born from cryptocurrency like Bitcoin and they are running digital currency directly through fiat. I think in the future if every country can run Bitcoin as a digital currency instead of fiat, it can have a positive effect on the overall economic system of a country. However, there is an obstacle in that case, as the decentralized system and Bitcoin's price is unstable, it should be reviewed how effective it can be in the application space. But I am as optimistic as you are that there will come a time in the world when an asset like Bitcoin can impact the world economy in a massively positive way.

If that is correct, but when there is a government similar to Bukele's it is very possible, but when there are retrograde governments things cannot be possible, there are many countries whose governments do not allow the entry of btc and crypto because the only thing they do is regulate it and once they regulate it they want to collect taxes from people, so neither, all the benefit goes to the governments and that is not the idea, so while things in the world are like this there will be no good results, that is what we should see, in part it is not the fault of the people but of the rulers , El Salvador is a great example for the world.

I think some of the world's governments don't officially allow Bitcoin, but individuals and financial institutions are indirectly allowing it as a result of massive holdings, and Bitcoin can be an important hedge with the financial system. I personally think that governments are a bit hesitant to adopt Bitcoin due to its decentralization and price volatility, but should gradually implement some strategy to further expand Bitcoin's reach. However, the increasing acceptance of Bitcoin around the world and the increase in the number of individual and institutional holders continue to increase its diversified financial reach.
In the future if governments goes to limited Bitcoin it will have little impact on demand growth because it is decentralized in a way that demand will continue to grow.

Topic: Bitcoin Bullish period and advantage. (Read 1805 times)