Topic: BTC power - page 2. (Read 371 times)

So what is wrong in your opinion when a man gets Bitcoin and keeps it? One thing you need to know is about getting Bitcoin itself which everyone needs to learn to know about Bitcoin and also about how to store it better. Because without learning all that, of course it will be difficult for everyone to get Bitcoin and they won't know how to store it.

Apart from that, to get Bitcoin you also need to work because Bitcoin in the market is not free and everyone has to buy it with money, so if a man doesn't have money in his wallet, of course he will just be a spectator without having the power to buy it. So don't think that a man who has never studied and worked can easily get Bitcoin and keep it.

I think he has his own reason for saying so, if you compare the world population and the total supply of bitcoin, bitcoin is really too little for people to own bitcoin. But OP forgot one thing that bitcoin has a smaller unit which is satoshi, and I think that when the demand for bitcoin increases to its maximum level (8 billion people in the world need bitcoin), we will need to get used to the unit more. Bitcoin is really too little compared to the needs of 8 billion people in the world.

I don't focus as much on bitcoin's supply as most people because that's not the only factor that makes bitcoin valuable. I combine both the supply and the practical application of bitcoin because even if it had a finite supply without too many useful utilities, it would be useless.

You probably don't know anything about supply and demand because if you do, you shouldn't be saying that Bitcoin having a fixed supply of 21 million isn't enough for it to grow in value over time because this happened because of the rule of supply and demand where the demand of Bitcoin kept increasing and because the supply is fixed, and not all the coins were in circulation, its value kept going up.

I think you need to do some research about Bitcoin's history to understand how it works what was its value in the initial days and how it struggled to be where it is today. You are right that it has great powers because it is a great innovation, but the limited supply metric is enough for it to be what it is.

That's make Bitcoin unique, we haven't seen any assets that has a limited cap of 21 million and then every 4 years, the supply is being half, hence the halvening event that might happen in the next month.


We can make a lot of money but holding, but if you are willing to take that hard way. It's not going to be easy. Accumulation time is bear market = you buy a lot of bitcoin because the price is cheap, in this cycle, it's 2022-2023. And then you sell then in the bull run phase, 2024-2025 and make a profit. So look at this equation.

lowest low 2022, $15,500 due to FTX collapse
right now price 2024 $70k new all time high

So you do the math and see how much profit you make already.

But wait there's more, I said 2025 because that will be the top, all time high of 6 digits as speculated.

You get rewarded by making smart ideas, not necessarily by working the hardest. Holding BTC or literally any asset to make money isn't really anything new. Even way back before when BTC didn't exist yet, people held good stocks and made money by "doing nothing"(though the research required time and effort) as well.

I stand to this your advice for targeting the next as one misses stand to be the best because the cycle will never stop, but focusing only one one aspect can never give you success on Bitcoin you must be developed in level of knowledge, studying, working,invest and hold can give you the real result.

You should practice English and educate yourself, the more you educate yourself, the more you will gain knowledge about cryptocurrency. Because an uneducated person is like a blind person, he will not be able to hold very easily. Wake yourself up in the present and be faithful about it. The most important thing in cryptocurrency today is the hold, those who have held knowledge of cryptocurrency from the past are the ones who currently own the bitcoin hold.

The problem is that when you only do one of that, you're not going to see yourself getting any kind of success because one's supposed to work with the other, what I mean is that while you're waiting for your investments to grow, it's a good idea to distract yourself from the waiting game by getting yourself busy with work, that way you've got your mind preoccupied with other stuff besides that investment, see in my explanation that if you don't have the other, you'll never be able to find some more money for yourself because you've fallen for the trap of choosing just one, it's really easy to choose both because the other investment doesn't need that much maintenance besides the occasional buys for accumulation and just selling when the price you like to sell your investments is finally there.

How about 21m x 100m, isn't that still not enough?


This one is a misconception about Bitcoin, one cannot realize a profit if they don't sell, simply buying and holding will never give an investor a profit unless he sells.


No one got rich from studying,  a person need to apply what he have learned in order to take profit from it, same goes to holding, one can't become rich with just holding alone.

  This simply shows that people who can take advantage of the opportunities lurking around them will surely get rich.  Btw, as I stated, holding will never make anyone take a profit, selling is.

This is the power of the trend and the hype market, if you are able to catch up early then surely you wont need to have any job just to get money because investing and dealing with cryptomarket can consider as your job already. BTC is not just about the supply and demand, it’s also based on the hype and price manipulation, now its already part of an investment market and the cycle will surely continue. If you missed this opportunity again, don’t worry because you can still have the time to buy next time, just be patient because the new cycle will begin after this bull.

Getting rich from Bitcoin seems like a lucky gamble for some people more than the result of skills or hard work.  While it worked out for those early adopters, just holding volatile assets is generally a risky investment strategy, not a life plan and  for all the stories you hear about people striking it big with crypto, there are way more folks who lost money chasing the next big thing.  It reminds me of the gold rush days - a few lucky prospectors made a fortune while most just wasted time and money digging holes in the ground that never panned out.  I'd say Bitcoin is fine as one option in a diversified portfolio, but it's not some magical path to wealth on its own.

Bitcoins can be split into satoshis which works like cents in a dollar and the thing is that you can split so many times and if it even becomes so high in value, I think that we're going to see that everyone would still get a small amount. It's not 21 million that's going around or is potentially going around anymore because Satoshi Nakamoto (founder)have around 1.1m bitcoin which I think is unlikely to ever be sold, there's also the estimation that there's about 2 million lost coins so there's like 18 million bitcoins to go around and there's still like 120 years before we can see the last one. Don't you worry about the amount of bitcoin my guy, I feel like it's not something that we should worry about anyways because we can't do anything about it anyway.

Utility and fundamentals of it create demand, and capped supply keeps the price up.

What does this even mean "not enough"? You know we can just add digits when one satoshi becomes too expensive, right? In theory it's basically endlessly divisible as it's nothing like physical gold or diamonds in real world. Real world resources can be described as something we would prefer having more of. World is never going to run out of bitcoin, ever.

Welcome to the markets. Markets have nothing to do with how life "should" work, or hoe value should be created. Working and studying has a nothing to do with size of your portfolio. Consider this more like a casino, but instead of betting winners in sports, you are betting on stocks, commodities, cryptos and such. Cryptos just happen to be most volatile "investment" at the moment and people who "bet" on it rising up were lucky. That doesn't mean people keep being lucky, as everything has a top and no investment just keep on rising infinitely.

It might seem like injustice to you, but this isn't "real life", or actual work. This is speculation of value.

Difference between working and investing is that with work, you are creating something of value, so it's safer bet to get money by working. You aren't even taking a risk, you are just working, and when you aren't taking high risk, there's often not that high reward. You can rise that money by working more efficiently or by studying though. And in investing, people put that money to work for them and by doing that they are risking that income. So they might as well could lose it. It's easy to see as unfair when markets are going up and people are getting rich because of it. If it would be going down, your post would look very different.

Demand.

It's more than enough and that whole supply isn't mined yet. For us to see the entire supply of 21M get mined will take a century and more.

You don't say that to the early adopters that have bought Bitcoin a lot with just a few spare of their money. That only proved that holding can make someone rich. You don't get rich by studying but the byproduct of it if you ever learned a skill or two.

I don't understand you really. What you have to understand is we've got all means of timelines and how we can get well in life and you're just in the forum where everyone will say that holding bitcoin is one of the best idea and investing techniques that we ever did.

I'm not sure what you mean by "normally getting rich through working and studying." Hodling is simply a smart concept strategy for getting rich; it is not a guaranteed path to riches. To benefit from it, you must have gone through some processes that could be curated, such as reading and studying, in order to earn a lot of money from the hodling. Hodling is not a get-rich-quick scheme, so you must first understand the fundamental concepts on which each of the method of getting rich that you mentioned do operate on, before concluding that one is superior to the other.

But in theory, to be able to buy and hold bitcoin we need money and to get money we need to work. So if there is someone who doesn't work but becomes rich because of bitcoin then maybe they are people who got to know bitcoin in the early years of its launch, when the price of bitcoin was very cheap or they got it from a task or giveaway and there are very few people who are that lucky.

So bitcoin is an investment instrument like other investments, but has higher profits than other investments. So, get to work and buy bitcoin, then it is a good choice for us

Everyone, retail and institutional investors are buying that pushes or pull down the price.


And that's what the demand is very high, because everyone is fighting for that 21 million. It is scarce, as the supply is dwindling in the next coming months as we are entering the block halving.


It has been proven already that Bitcoin has made a lot of investors rich specially those early bag holders. But it doesn't mean that you should rely on Bitcoin though. Yeah, for me just go and study first before you make your first investment in Bitcoin. So that you have a fall back plan, not just in investing, but in life as well. You can go look for a job if you have that education in the first place.

What are you talking about?  Did you, by chance, fall asleep during basic economics class and wake up thinking you were a medieval merchant?  Just a friendly reminder, its the 21st century, my friend.

Hodling isnt a magic get-rich-quick scheme, but it can be a part of a smart investment strategy.  Yes, work and study are important, but building wealth often involves multiple approaches. I mean, just buying coins and waiting to cash out big might not work out.  But ignoring crypto fully isn't the answer either.  Learning about it, taking some risks, hodling as a long-term play - that can make sense with how things are evolving.

Hello all BTC
can we talk about the source behind BTC price
yes there is only 21m btc but iI think that it is not enough
it make anyone reach just by bying and hodling it
we normally get rich by working, studying or something else but not hodling
there is that guy who keep all his time studying and working and get paid just to pay rent, food and his family (life should be like that)
there is that guy who never studied or work just get some btc and hodl it 

thank's