Topic: Easter day bitcoiners.... (Read 253 times)

Most probably because bitcoin is as valuable as gold or you can call bitcoin the digital gold of the future. 




Yeah, paper money is only beneficial for those who can print it and get free money. The rest of the world will have to work more and more in order to get the same value because of the inflation. Bitcoin is the only solution to get rid of this unfair inflation.

The O.P made some valuable good points.Because the bitcoin was secular one,it doesn’t depend on one religion.The people from Oman involved in the bitcoin trade.Even from Africa,Vietnam,the people do of same trade.So I pray to you to get the low price on buying and profit on sellout.Wait for the good pump this month and make the huge change in the price of bitcoin.

I agree with mk4 on this. Multiple incomes sources is must. Anyways our bosses wont be hiking our salaries by 10 folds and even on bright day they wont be happy with our work no matter how hard you try. 
Because it is simply that their bosses commanded them to do so.

Ideally these days having multiple income sources isnt big deal. Internet is full surprises and you can end up with ultimate jobs to be done as part time or full time (along with your desk jobs). If you have money, you wont be caring much about inflation.

You certainly make some good points throughout your post here. You’re absolutely right about the inflation aspect being such a killer when it comes to devaluing fiat currencies. Most people are certainly not receiving 8-9% pay increases that are actually keeping up with inflation. However I still think we’ve got a pretty long time until bitcoin takes over, if ever. I think they will end up working in conjunction with each other.

Yeah the volatility is main issue for many of us and we can't control it as we have been continuously working on bitcoin development from time to time like addition of SegWit and now the LN channels to counter the fees issues but bitcoin volatility is not in our hands at the time.If we compare it to the inflation then ofcourse it's high but the positive aspects are btc will not always plunges while the inflation tends to change and become hyperinflation.

We have seen the ATH of bitcoin back in Nov 2021 near coinbase listing around $70k but it didn't embark that mark of which we all feel sad but it will again touch that milestone again.

Speaking of previous years and the current scenario then it's hard for btc prices to move up due to the market cap as you see it's becoming enormous and expensive so with billions dollar of investment also the prices tends to move a little bit only but that's concrete unlike some shitcoins having no utility and become victims of pump dump scheme.

All those who have hold it for more than 3-4 years are usually in profits like 2017-18 investors who have also invested at around $19800 got the dump and prices went to $3k but if they have hold it till now they might have doubled it even at the $40k irritating range also and that's the beauty of bitcoin.


The world economy is not going to doomed in short term period especially the strong economies like US and Europe have strong financial support over the rest of world but it didn't give long term legitimate guarantee to us from inflation hedge.The worst political decisions can turn the table upside down anytime but yes it's good that you have backup traditional investment plans that grows slowly giving some returns that you can counter with bitcoin volatility maintaining somehow equilibrium position of your funds.

For most people yea. But in the end, if you're quite sure that the cryptocurrency space is where you think you have a lot of edge in(may it be from trading/blogging/development/etc), then go for it. In the end people will have their own strengths and weaknesses.

Nice post and I agree with the picture you are painting but I don't think that's a good example. Millionaires usually have investments that give them cash flow and outpace inflation. Bitcoin isn't the only asset able to beat inflation, companies are also, otherwise they end up closing or bankrupt and millionaires usually invest in the stock market.

yes of course, i will agree on you point of side hustle..on Easter we celebrated some days ago. I went to seminar of cryptocurrency the day of Easter Sunday, i was told not to use cryptocurrency investment as major live business or investment, that it's encouraging to have diversification of generating income, instead of bitcoin alone, so I dont think depending on cryptocurrency especially bitcoin is advisable...so i flashed back with your opinion of having side hustle. Think it's necessary for bitcoiners to establish a side hustle.

While putting money into bitcoin is one great way(risk/reward wise) to try to combat inflation, the best way would still be to try your best to increase your income. Yes I know it's going to be difficult when it comes to jobs, but I heavily heavily recommend looking for side-hustles.

In the basket why are Bitcoin eggs gold? why not orange like the logo? lol I'm kidding

There may not be any gold in the basket but that's almost a percentage of the pieces lost. Despite all that, the fact is that paper money has experienced a lot of inflationary momentum over time which has made its value even weaker. I'm not denying that the truthfulness of Bitcoin's benefits is absolute. But bear markets always come around when I'm not prepared to avoid them.

Yes, this sounds very reasonable, but we also need to look at it from a different angle because not everyone can see where this market is going, so how can they understand how the market works? It's true.They are still dependent, or in other words, they cannot get rid of the traditional economy that people have defaulted on for decades. Perhaps to change their minds requires a lot of time and effort from the people who go to work. in advance to make this market equally or more ubiquitous than the things we use every day.

Although I am a big fan of bitcoin and I believe it is one of the better hedges against inflation, its volatility can really hurts. Much more than inflation effects.

Let's not forget that we are nearly 40% down of November's ATH, and we are barely standing 40k levels.

In 2017 bitcoin price felt from 20k to 3.2k, which is incredibly heavy volatility and it certainly destroyed a lot of personal savings.

I don't expect to see the last 13 year gains in Bitcoin again, as its marketcap is already too big... But certainly its still have a lot of potential


Personally, I have some of traditional investments because I really need some protection against bitcoin volatility (because it is really a big % of my portfolio now, and I was hurt by this 40% correction already).

I don't believe world economy is doomed, and in my lifetime I expect to see USA and Europe economies recover, and fantastic gains in their stock markets. If somehow world inflation goes really wild, I expect to see bitcoin raise to new ATH levels.

Just like traditional investments are my protection in case bitcoin fails, Bitcoin is my hedge, my protection in case world economies fail against inflation.

We all know that recently we all celebrated Easter Egg day and it was normal for me as well but there was one image which i came across the internet that popped up the reality many are still lagging to understand.Also sorry for being late.

There was one post made by me yesterday regarding this in WO thread but then it came to my mind why not create a thread for it so that other members can also understand it with my little one more attempt.

See i want to clarify in the start that I am bitcoin maximalist but don't enforce it on anyone else but just spitting out the facts in front of those who fear it or thinks shitcoins are good or fiat is superior to it.

So here goes the image for it :



You see bitcoin is the only golden egg in the basket while all other fiat currencies are depicting rotten eggs that are not going to give you any of the proteins and will end up badly.Almost all the currencies have witnessed downfall and loss in purchasing power capacity due to inflation and their reckless printing of notes making the existing one's worthless for the public.They have been doing it for past hundred of years and inflation is not a new thing but the fact is the situations are now crossing the barriers and people behind sitting in the AC halls doesn't give a fuck about how the normal residents are going to survive.

Every major currency like USD,Pound,Lira,Ruble have lost Major share of their value and all this due to inflation and all those eggs in basket represent them.Here is visual representation for them if you have not given it look with your eyes :

The US dollar and British pound have lost almost 60-70% of their value over time due to inflation

 

The next one in line is recently becoming victim of this inflation trap Turkish Lira and Russia Ruble :

.

You can check this must be the condition of every fiat globally and stiil people fear the volatility in bitcoin makes me laugh.Just your fiat is legal and owned by center doesn't make it safe which you need to understand and they can anytime restricts you even from using funds in the bank if valid documents are not provided.

While bitcoin had given so much returns over the past years and if we compare it to it's ATH near coinbase listing previous year it was 68000% growth with market cap reaching $1trillion in just time span of 13 years and is there any other asset that is capable of the same? NO so why we fear it when it's our future safety.

The inflation is rising at an alarming rate and is not fixed at all which this picture clearly states:



Even if your salary is increased which i assume is not increased at the same pace with inflation you can't cope up with the current scenario even if you are millionaire.In the countries like Venezuela where you can't even buy bread with millions worth of fiat how could you survive even if you are having tonnes load of money into your account?

On the other side having little fraction of bitcoin will also help you to sustain in the long run with it's deflationary nature so you must decide timely which side you want to be?