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Topic: Bitcoin Bullish period and advantage. - page 2. (Read 1816 times)

legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
October 10, 2024, 10:40:39 PM
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.

STT
legendary
Activity: 4102
Merit: 1454
October 10, 2024, 12:54:46 PM
The basic idea to buy lower sell higher doesn't work when its so uncertain which is the good price to buy and sell at.   Right now it should be easy as BTC has been in a range but I still think we remain hard to predict in this area.

I would only say BTC is bullish on the wider time scale, ie. multi year  but within this year we have held prices too long to simply say its bullish.   I take the price action above 50k  as positive, a great many people have been involved and therefore agree with BTC being rated at this price its not a brief spike but a grand consensus over most of this year.
   In conclusion this breadth and volume to BTC is a good thing but it doesn't seem certain we are bullish and given to rise from here.

Right now we are below both 200 and today the 50 day average again, theres enough sellers that think its worth letting go of BTC right now.  I only have the target downside in sight as being 58k which is similar to April low and many other times.   Any improvement over that I take as a positive even while it is a low, its less worse then negatives possible such as making a new lower low.
legendary
Activity: 3024
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
October 10, 2024, 12:33:23 PM
We are going to definitely have a great approach to bitcoin bull run soon enough, I do not know if it will start on October or will it be November, I do not have exact date when the movement will start but I think we are going to end up with something much better with time. I know this may not be easy to wait because we have been waiting for this for many years now, since that 2021 period we haven't seen a huge bull run, to be fair that time at the start of the year where we went from under 20k to over 70k was a move which we can consider bullish, but we didn't reach levels we didn't had, we reached levels we have seen before, just a bit more maybe but that's it.

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.
copper member
Activity: 2296
Merit: 609
🍓 BALIK Never DM First
October 09, 2024, 08:20:30 AM


-snip

If an organization offers BTC as an alternative to fiat, it can be very helpful for him as he can convert the money he needs to meet his family's daily needs and the extra funds will be in his wallet which will periodically be a holding for the long term. Freelancers in many countries around the world accept payment in BTC and this may reduce some of the pressure on fiat. Also giant companies of the world are choosing BTC for payment transactions such as Elon Musk's Tesla who offer BTC for future transactions.


Not only Tesla, we have many other companies and corporations that have accepted bitcoin payments but the question is. How many invoices have been paid with bitcoin so far, and what percentage of those companies' revenue do they account for?

Not to mention, if bitcoin is accepted as a mass payment method and applied to everyday life. How many people will happily use bitcoin to pay bills for everyday needs when they have to pay additional transaction fees? Would you use bitcoin to pay for a $2 cup of coffee with a $1 transaction fee?

Honest, the idea of ​​using bitcoin as a means of payment is not really ideal because it has high transaction fees and quite slow transaction speeds. If the government really intends to use cryptocurrency as a means of payment, I think they will choose altcoins because they have much cheaper transaction fees and much faster speed than bitcoin. Bitcoin is not the perfect choice in this case, we need to be realistic.

Quote
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.

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.
full member
Activity: 126
Merit: 93
October 09, 2024, 01:46:59 AM

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.

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.

Honestly, I don't see what positive impact bitcoin would have on our economy if we used it to pay people's salaries? Or what is the positive impact on the economy when we use it as an alternative payment method to fiat?

If an organization offers BTC as an alternative to fiat, it can be very helpful for him as he can convert the money he needs to meet his family's daily needs and the extra funds will be in his wallet which will periodically be a holding for the long term. Freelancers in many countries around the world accept payment in BTC and this may reduce some of the pressure on fiat. Also giant companies of the world are choosing BTC for payment transactions such as Elon Musk's Tesla who offer BTC for future transactions.

If salaries are paid in bitcoin, people may experience delays in receiving their salaries if the bitcoin network becomes overloaded and companies will have to spend a lot of transaction fees to pay people. Not to mention that workers may have difficulty and imbalance in spending on daily needs due to the volatility of bitcoin...I see more challenges than benefits when we use bitcoin for salary or as a payment method. Meanwhile, everything is fine with the current system, why are we moving to bitcoin to make things more complicated?

How will Bitcoin impact the economy? I really wonder about that.
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.
hero member
Activity: 896
Merit: 654
Leading Crypto Sports Betting & Casino Platform
October 08, 2024, 05:20:37 AM
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 don't see it in your way. As we hope for more adoption for Bitcoin to reach the moon, we should also be realistic about this. If at all some nations of the world would allow Bitcoin to that extent, almost all of them will not, because Bitcoin is decentralised, not many nations would allow what they can't control, we should not even dream about it. Now, let's assume that it happens, paying salaries in Bitcoin is not a stable injection of new liquidity into the market, supply will follow for people to be able to spend their salaries. What Bitcoin needs is fresh and stable money injected into the system.
copper member
Activity: 2296
Merit: 609
🍓 BALIK Never DM First
October 08, 2024, 04:08:48 AM

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.

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.

Honestly, I don't see what positive impact bitcoin would have on our economy if we used it to pay people's salaries? Or what is the positive impact on the economy when we use it as an alternative payment method to fiat?
If salaries are paid in bitcoin, people may experience delays in receiving their salaries if the bitcoin network becomes overloaded and companies will have to spend a lot of transaction fees to pay people. Not to mention that workers may have difficulty and imbalance in spending on daily needs due to the volatility of bitcoin...I see more challenges than benefits when we use bitcoin for salary or as a payment method. Meanwhile, everything is fine with the current system, why are we moving to bitcoin to make things more complicated?

How will Bitcoin impact the economy? I really wonder about that.
hero member
Activity: 1526
Merit: 555
October 08, 2024, 03:50:34 AM

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.

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.

I disagree though, Bitcoin was born because Satoshi wanted to cut the middleman and it was designed to be used as micro-payment scheme. Remember his inspirations about banks crashing down in 2008-2009 era.

In any case though, I would have to agree that it started with the developed countries about 2005, country like Sweden or Switzerland and then Japan in Asia. And after that, came Bitcoin and other digital currencies. And with that, it continued up to this day, crypto started to grow in the last 10 years and now we are in the bullish phase and so we should be expecting a big run up to next year. Although it might be as easy as it sounds as we have a lot of challenges to face ahead, like the war in Middle East which might slow down the bull run.
full member
Activity: 126
Merit: 93
October 08, 2024, 12:44:36 AM

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.

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.
legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
October 06, 2024, 10:24:54 PM

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.
hero member
Activity: 2688
Merit: 588
October 01, 2024, 02:14:31 PM
Of course we should use our time wisely and tend to be more careful with our holdings. In every bearish and bullish period the investor should keep the DCA trend for the opportunities that arise so that he can increase his holding regardless of the price. In order to put yourself through the best plan, it is always recommended to keep yourself focused and patient to prepare a decent portfolio to accumulate real assets as well as bitcoins regularly. You should wet your tongue with a safe fund like a backup fund to meet the cycles of Bitcoin so that the long-term Bitcoin journey can be much more pleasant for you. Efforts to increase own holdings over time.
The DCA method is twofold and could be different for everyone. While the name suggests that it is dollar cost averaging as in buy when it goes down, there are also people who end up buying consistently as well, like lets say put X amount every time they get their salary. Right now the price is going down, and because of that I honestly believe we should be seeing the price going back up again, October came and we are going to see people putting their salary into bitcoin yet again.

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.
full member
Activity: 126
Merit: 93
September 29, 2024, 07:20:27 PM
Yes, you should have a plan of action to keep Bitcoin trending and growing over multiple cycles with an active and tangible asset.

It is a fact, things are like this so that they can plan for everything so that they can have BTC is that those who try must do it HODL, there is no other way, it is the best plan, and those who do not yet have BTC DCA is the solution, there is no longer an excuse to say that they did not take advantage of the market, right now there is a very good opportunity, the BTC market is rising, it can clearly be seen that way but we do not know how long it can be active, but obviously we can take advantage of those cycles that can give us profits, and I just think about all this, I still do not see a clear trend.

Of course we should use our time wisely and tend to be more careful with our holdings. In every bearish and bullish period the investor should keep the DCA trend for the opportunities that arise so that he can increase his holding regardless of the price. In order to put yourself through the best plan, it is always recommended to keep yourself focused and patient to prepare a decent portfolio to accumulate real assets as well as bitcoins regularly. You should wet your tongue with a safe fund like a backup fund to meet the cycles of Bitcoin so that the long-term Bitcoin journey can be much more pleasant for you. Efforts to increase own holdings over time.
legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
September 28, 2024, 12:50:48 PM
Yes, you should have a plan of action to keep Bitcoin trending and growing over multiple cycles with an active and tangible asset.

It is a fact, things are like this so that they can plan for everything so that they can have BTC is that those who try must do it HODL, there is no other way, it is the best plan, and those who do not yet have BTC DCA is the solution, there is no longer an excuse to say that they did not take advantage of the market, right now there is a very good opportunity, the BTC market is rising, it can clearly be seen that way but we do not know how long it can be active, but obviously we can take advantage of those cycles that can give us profits, and I just think about all this, I still do not see a clear trend.
member
Activity: 174
Merit: 50
September 22, 2024, 09:07:24 AM
For me, the reason to believe bitcoin will continue to go up is because it has satisfied the conditions for the cycle. This is certainly likely to happen, the conversion of money into assets to the point of severe inflation has occurred, the regimes of restraint and regulation, control from the state apparatus are being issued. The release of assets and toxic interest rates cannot balance,… that is how bitcoin shows that it is a suitable and responsive asset.
Yes, you should have a plan of action to keep Bitcoin trending and growing over multiple cycles with an active and tangible asset. State machinery is created to absorb you most of the time which you should make every effort to flow from every negative approach to positive side. Redemption of your hard-earned wealth is only possible when you have a decent bitcoin holding and keep getting richer.
hero member
Activity: 2870
Merit: 594
September 17, 2024, 08:43:19 AM
For me, the reason to believe bitcoin will continue to go up is because it has satisfied the conditions for the cycle. This is certainly likely to happen, the conversion of money into assets to the point of severe inflation has occurred, the regimes of restraint and regulation, control from the state apparatus are being issued. The release of assets and toxic interest rates cannot balance,… that is how bitcoin shows that it is a suitable and responsive asset.
Well if we talk about inflation, yeah, Bitcoin is a good hedge against it. We have seen it outperform obviously what the bank offer to us, or even some of the best assets known to man like gold and stocks and oil.

So we will have just to wait moving forward, there's a lot of hump and dump along the way. And if I'm not mistaken, it's the same route that we have seen in 2020, it was in the pandemic and we never thought that the price will still go on parabolic rise. With that, we need more patience, we have invested a lot of our time and money on Bitcoin and so just give it more time to mature and who knows, maybe next year that 6 digit price is going to happen and so everyone will make a lot of profits then.
legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
September 15, 2024, 08:51:13 PM
That's what I want to tell people: invest in bitcoin with a long-term plan, don't rely too much on the 4-year cycle because there is no guarantee that it will repeat. This is a mistake I see everyone making, both old and new investors, people are too subjective and claim that history will repeat itself again and have no backup plan. Many people are so optimistic about the 4-year cycle that they invest money they cannot afford to lose, or many long-time investors are giving investment advice to newbies based on a 4-year cycle while they themselves have no idea whether that cycle will repeat itself. Which is alarming rather than commendable or proud.

What happened is that the 4 year period is something that is incredibly repeated, although in the intrinsic environment that you say you are right, the market is not governed by routines or by the patterns that occur because I leave that is not fulfilled and it does not have a logical sense either, but we can intuit that every 4 years there is an important movement, that is like in the stock market that everything comes back after 8 or 10 years, in btc the accumulation and distribution cycles may be fulfilled, then in this aspect we have to be very clear when trying to understand the btc cycles, I divide it into accumulation, bullish trend and distribution, of course right now in the period we are in it is like another re-accumulation.
full member
Activity: 1428
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Buzz App - Spin wheel, farm rewards
September 14, 2024, 12:52:00 AM
For me, the reason to believe bitcoin will continue to go up is because it has satisfied the conditions for the cycle. This is certainly likely to happen, the conversion of money into assets to the point of severe inflation has occurred, the regimes of restraint and regulation, control from the state apparatus are being issued. The release of assets and toxic interest rates cannot balance,… that is how bitcoin shows that it is a suitable and responsive asset.
legendary
Activity: 1064
Merit: 1228
Playgram - The Telegram Casino
September 13, 2024, 05:50:57 PM
-snip-
So far though history repeats itself, it might take different form, but still at the end of the 4 year cycle, we have seen Bitcoin reaching new all time high. And if we talk about long term plan, that's it already. 4 year is a long term plan for buying in the bear market, then just pure accumulation and wait for the bull-run, still continue to accumulation and wait for the final peak of it's run and sell, rinse and repeat.

But if you are looking for the bigger picture, then yeah, just do the accumulation every 4 year cycle, but do not sell everything at the bull run. Just continue to buy as you can if you will. Have the strong will and mind and focus on things and believed that it will provide you the financial freedom that you needed.
Not all users are comfortable with such an investment approach - especially since they do not have a stable income. If they have a stable income every month - then any method they can develop. Accumulating bitcoin in the long term especially on dips is a good advice for those who need it - then each of them can do it with their own budget adjustments.

I just suggest not to sell your bitcoin now - of course because I think a bigger bull cycle is coming. Today the $60K resistance was broken - this is a good sign to expect the price to break higher resistance at $65K.
legendary
Activity: 2576
Merit: 1655
September 13, 2024, 04:09:50 PM

I often discuss about the 4-year cycle where every halving of course the supply of bitcoins printed will be less from the mining results because that's why the increase in the price of bitcoin often occurs after every halving, I think we all know that this cycle will definitely happen again but no one knows when it will happen whether now or next year, even so everyone must be ready to accept all risks if this cycle does not happen again, always make sure that people must also understand that investing in bitcoin cannot bring quick profits, this investment is full of risks and must be long-term.
Exectly. An investor should tailor his investment plan according to Bitcoin's four-year cycle and focus on holdings accordingly. The halving trend can cause volatility among investors but if an investor accumulates bitcoins at regular intervals, he can avoid the fear of bitcoin halving. The three-week cycle following Bitcoin's halving is called the danger zone. Bitcoin's downtrend continues to lead to historical re-accumulation.



That's what I want to tell people: invest in bitcoin with a long-term plan, don't rely too much on the 4-year cycle because there is no guarantee that it will repeat. This is a mistake I see everyone making, both old and new investors, people are too subjective and claim that history will repeat itself again and have no backup plan. Many people are so optimistic about the 4-year cycle that they invest money they cannot afford to lose, or many long-time investors are giving investment advice to newbies based on a 4-year cycle while they themselves have no idea whether that cycle will repeat itself. Which is alarming rather than commendable or proud.

So far though history repeats itself, it might take different form, but still at the end of the 4 year cycle, we have seen Bitcoin reaching new all time high. And if we talk about long term plan, that's it already. 4 year is a long term plan for buying in the bear market, then just pure accumulation and wait for the bull-run, still continue to accumulation and wait for the final peak of it's run and sell, rinse and repeat.

But if you are looking for the bigger picture, then yeah, just do the accumulation every 4 year cycle, but do not sell everything at the bull run. Just continue to buy as you can if you will. Have the strong will and mind and focus on things and believed that it will provide you the financial freedom that you needed.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
September 12, 2024, 02:53:40 AM

I often discuss about the 4-year cycle where every halving of course the supply of bitcoins printed will be less from the mining results because that's why the increase in the price of bitcoin often occurs after every halving, I think we all know that this cycle will definitely happen again but no one knows when it will happen whether now or next year, even so everyone must be ready to accept all risks if this cycle does not happen again, always make sure that people must also understand that investing in bitcoin cannot bring quick profits, this investment is full of risks and must be long-term.
Exectly. An investor should tailor his investment plan according to Bitcoin's four-year cycle and focus on holdings accordingly. The halving trend can cause volatility among investors but if an investor accumulates bitcoins at regular intervals, he can avoid the fear of bitcoin halving. The three-week cycle following Bitcoin's halving is called the danger zone. Bitcoin's downtrend continues to lead to historical re-accumulation.



That's what I want to tell people: invest in bitcoin with a long-term plan, don't rely too much on the 4-year cycle because there is no guarantee that it will repeat. This is a mistake I see everyone making, both old and new investors, people are too subjective and claim that history will repeat itself again and have no backup plan. Many people are so optimistic about the 4-year cycle that they invest money they cannot afford to lose, or many long-time investors are giving investment advice to newbies based on a 4-year cycle while they themselves have no idea whether that cycle will repeat itself. Which is alarming rather than commendable or proud.
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