Topic: BTC power (Read 371 times)

To hodl is the single most divine act a btc owner can do.

What a sad resentful comment for you to make.

Seems like you failed to hodl and are bitter.

In real life - you won't get money without working, unless you have investment assets and a business that you have successfully built for a long time. Investing can give you returns without working - you can even make money while you sleep. I think it's a reality that many people dream of - but not everyone is able to reach that level.

Smart decisions can give such returns that people can make big money without hard work just by investing. By investing in Bitcoin many people got big gains which changed their lives, those who were earlier investors in Bitcoin and held their Bitcoin with enough patience even after the extreme level of volatility in the market they patiently held Bitcoin the road to come so far was not easy.

But before Bitcoin came, people used smart ideas to invest in stocks, gold and got huge returns without any hard work. So if you think smartly and invest in the right place, you will definitely get good returns from that investment, as a result of which it is possible to earn a large amount of money without hard work.

In order to be able to invest well, of course we need a job that can provide a steady income to meet the needs we need and if we don't have a job that gives us an income, of course we won't be able to invest well because of course there are needs that must be met. we fulfill it and it is impossible to invest without having a steady source of income.

It is true that everyone who holds Bitcoin certainly cannot make themselves rich easily. They must be able to carry out investments over a long period of time to be able to make a profit and we will get a lot of benefits when we understand correctly how to hold Bitcoin and are not influenced by it. every price correction that occurs makes us panic and sell at a loss.

Accumulating bitcoins through a signature campaign is a great idea but I don't think the $8k you accumulated in those 4 years will make us as rich or financially free as we imagine, even as bitcoin hits $200k during this year's bull run.

Maybe each country will have different income and spending levels, but for me that amount is not enough to become rich. So, I think if possible we should invest more in bitcoin, accumulating bitcoin through signature campaign alone is not enough for us to become rich. I see many people do not dare to invest in bitcoin and they only take advantage of accumulating bitcoin through signature campaigns for fear of possible risks. Maybe everyone's situation is different, but if we don't step out of our comfort zone, we don't expect to become rich like others because they dare to take risks.

Working, studying and getting a job is crucial for living a better life and if we are talking about investment in Bitcoin then without having a salary one cannot continue his holding because in our daily routine we must need money which we will take out from our investment if we do not have a regular income source.

Bitcoin investment should not be avoided if we are earning an income then some amount should must be use to hold bitcoin otherwise it become risky for us. Bitcoin cannot make you rich in a day so you have to wait for years therefore if you are not working then how you will sustain a life as everything is not easy to get without money these days.

In fact, the right time to buy Bitcoin is when the price of Bitcoin drops.However, there is a method to buy Bitcoin when the price of Bitcoin is increasing, that method is DCA.We observed in the market a few days back that when the price of Bitcoin reached an all-time high, many investors may have made huge profits from their Bitcoin holdings.If you hold Bitcoin for a long period of time and hold it patiently it will bring you profit at some point it can be said for sure only in case of investing in Bitcoin.

Bitcoin's not some hocus-pocus get rich quick scheme.  You got a point - if everybody just bought up all 21 million Bitcoins and held onto them, that wouldn't make us all millionaires. 

Bitcoin's more about a different type of money system - one without big banks or governments in charge.  Bitcoin could help diversify what you save, maybe guard against inflation in traditional finance.  But it aint replacing hard work!

Sure some folks might get fortunate with Bitcoin, but for most of us, it's a long game.

I know a lot of people and me included, that end up saving these signature income, some spend it because they really need it but it is not my job, not my work, and it's just added stuff. Imagine working from 2020 to 2024 and collecting about 50 dollars a week on average, that would mean that you would be saving so much money, over 8 thousand dollars just invested, and then some more later on as well.

I think that would make someone richer just by proxy, think about price of bitcoin going higher during that period as well, that would make things a lot better too. So, you would get rich just from this, and nothing more. You wouldn't even need to invest into bitcoin, you just do not take the cash out from the signature earnings.

Bitcoin is power, Bitcoin is Bitcoin. The more bitcoins you have, the more future wealth you own. But Bitcoin investment has to be done at the right time, Bitcoin investment at high speed will never bring success. Therefore, it will be possible to achieve more success only if the investment is under market control by researching the market situation through waiting for a long time.

Like those users who are in the signature campaign over some years to make a huge amount of money and, it can help them to fulfill their plan to become a great person in the future if they can continue working to add to the ones they have received as a payment in the signature campaign and hodl it for long to receive a good reward that will eliminate Poverty and to open the eyes of the person to see the power of BTC.

Now that people know how to research what will happen in the future like the way people discovered that BTC will be the king among other cryptocurrencies and it came to pass.

So its true sir. Balance is very necessary to invest and hold BTC and that is a must, but we still have to adjust the percentage because we also need it to fulfill our daily lives. I'm not surprised why those who are able to survive always win because they get lots of other funds without disturbing their main investment.

What I feel right now is, if we are from the lower middle class, don't ever join something that we can't afford to follow and carry out because our portion is different from their portion.

One of the examples you said might have happened to someone in this world regarding how to hold Bitcoin, but in general everyone who holds Bitcoin definitely has a little knowledge about Bitcoin. At least they know how to buy it and know how to store it well even though they still haven't learned all the knowledge related to Bitcoin, because they can learn this over time after they hold Bitcoin. There is definitely more curiosity about Bitcoin among those who already hold Bitcoin in the amount you said.

If you had learned recently, you would have known that to be successful in this life is not about your academic qualification or the type of work you have but the type of business ideas you have or the risk you were able to take.

Most of the rich people on earth didn't study that much or work for anybody. They were able to develop themselves through the talent they have and also had some investment in real estate or crypto etc.

Anyone who sees potential in bitcoin doesn't need an educational qualification before they invest. All they need is the basic knowledge of it. That's why the young and old can all invest in bitcoin and gain financial freedom for themselves.

It’s impossible for everyone to hold all the bitcoins at the same time. After all bitcoins are just a digital asset, what will everyone gain by just holding it. You need to sell in order to make profits right. And practically it’s also not possible to hold the coins. Moreover the price goes up when more people want to buy the coin. Hence, the idea that you have got in your mind regarding reading and getting rich is only applicable in once in a thousand. So live a practical life mate.

Yep, that's how investments work. Imagine a guy who bought gold 40 years ago, didn't study or work, would be rich now. Imagine someone who bought Amazon or Apple stock at IPO, never worked, still rich today. That's how investments work, if someone is smart enough to find a good investment, invest early, and hold long enough then they are going to end up being rich, that's just how it is in most cases.

I feel like that's going to be something special with time though, I doubt that it would change all that much. I realize it is going to feel horrible if you work super hard everyday for decades and someone just make one good investment and you are both at the same place, but that's what investment is all about anyway.

Well, if there is someone who just bought Bitcoin and then just held it for a few years and didn't study it, he can still be rich in what he does as long as he has at least 1 Bitcoin or half of Bitcoin. Now, even if he doesn't study it for sure, he can still study it because there is and still is someone he will encounter talking about bitcoin, or maybe some of their friends are talking about this too.

But even if it's like that and his bitcoin is only held, as time and days pass, there is an increase in the value of bitcoin, especially if Edi studies it. For sure, it will add knowledge to the holders as well.

Whoever that get rich through Bitcoin that shows that the person has already adopted cryptocurrency generally especially Bitcoin since 2009 bitcoin was initiated or introduced to the world so I believe that the longer the risk you take for investing in Bitcoin the more you get more profit so I believe that if you hold your bitcoin for long time it is when you make a profit and if you are a kind of person that always be afraid of long time investment you always make a lot instead of making a huge profit so I believe that a risk takers are the one that make profit through Bitcoin and the other online business

Hey I think you got it all wrong because education is the basic foundation which is important and without which it's not everyone's cup of team to get rich and what you are referring as a person buying Bitcoin and hodling it and getting rich it's not as simple as you have described because one has to consider so many things and also need to create a strategy, let's say you need some profit after a year and you had invested in BTC when it hit it's previous ATH and then it dumped and it takes 3 years to reach that price so you would have already sold at loss when you needed money along with profit in a year. We need to think of everything like the right time to buy (except for long term hodlers) and when to cashout and how to make more money by trading it sideways, then there are those sleepless night during bear market. Not as simple as you think, try investing then you will probably understand.

With Bitcoin there's a different kind of possibilities away from the norm, the status quo has always been that which was been mentioned by the OP, that is to study, work and earn but then with btc hodling alone can get you making some good money that you may not necessarily need do much work nor even studies even if in the initial stage you do a few study for knowledge sake so you be able to know how best to handle your Bitcoin investment but it doesn't have to be a back breaking study before you get to know what's right to do and when with how to do it.

But then this still doesn't put away the place of hard work as such does still pays handsomely, we still have to work hard too asides investing in Bitcoin so we get to have a multiple earnings stream which gives thst financial security and makes going broke far away from us.

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