Topic: Emergent call for you (Read 338 times)

I believe that we have entered a new world, in this cycle, the market for Bitcoin has changed a lot. Bitcoin is currently reaching higher levels due to the steps taken by politicians, we have seen the price of Bitcoin skyrocket since the US election. Bitcoin has increased even more in preparation for Donald Trump's strategy of accepting the last reserve and Bitcoin is being invested in various countries, as a result of which the price of Bitcoin has increased a lot. If we see the Bitcoin market today, we will definitely be surprised that it is going to touch $100k very quickly, the market for Bitcoin today was about $97000. I think maybe in a few days Bitcoin will touch the milestone of $100k, moreover, the way politicians are currently moving towards Bitcoin, the Bitcoin market will become more expensive.

The government would quickly kill all of the financial services promoted on this forum if they had the chance.

Never forget your roots.

The increase period and the US presidential election do have the same level of influence on the current bitcoin price surge and we can test based on the hypothesis of bitcoin's journey every four years.
People say it is a coincidence that bitcoin rises when the US president is elected but the influence may be big because Trump himself said in his speech.
Trump also invited Elon Musk to join his government cabinet and that is a good sign for the journey of crypto and bitcoin especially there.

My estimate or analysis is that Bitcoin will reach a price of $150 next year or in June and that still needs to be tested based on several observers, but I predict that in that month we will see Bitcoin at a price of $150.

I'm not sure hodling Bitcoin a little longer is dinning with the enemy or the government  . Maybe it was a coincidence that the American election coincided with this period plus trump winning the election, with Elon musk on board.  But the bull season have been speculated to happen within the first year or thereabout after halving and the last halving happened in April 19th, 2024. So we are still within the halving bull season, no cause for panicking while the ride to $150k looks realistic anytime after the new government takes over with Elon musk leading D.O.G.E.

I think for the government purchasing Bitcoin is just the same as every individual or firm trying to take advantage of purchasing and holding for the long  run, and by the end of when they plan on holding will sell for their profits. My only concern is about the change of government, Trump is passing the bill which is to be implement and his stay on power will only last for 4 years and the minimum years slated on the bill for investing is 5 years and to be held for cycles which is a long time.

The Trump government might consider Bitcoin a success but what about the forthcoming government, are they continuing in the same mindset as Trump? 

While remaining alert makes sense, at the same time there is not really anything we can do, if governments and banks want to buy bitcoin they will do so regardless of what we think about it, the best move is simply to keep holding our bitcoin, as it seems as if adoption all throughout the world could grow significantly during the next years, and if that is the case not only the price of our holdings will increase, but we may be able to use them everywhere in a seamless way.

This last statement says it all, ‘Not having to share your bed with the enemy’.
It’s definitely exciting as it is that, politicians and government of one of the largest economy of the world stepping into the mainstream of Bitcoin investment, having to trust it enough to hold a good percent of its national treasuries, even if it’s still a proposal, it’s won over a lot of investors but make no mistake, the plan is take profit and settle national debt. That’s far from the idea Bitcoin is about and this agenda does tell you where there stands really is!

Yeah I highly agree, government taking part on the Bitcoin economy will surely change the course of Bitcoin.  With government being involved, the freedom we are experiencing will possibly suppressed.  Government will implement laws and guidelines that will contradict the decentralized nature of Bitcoin and won't align with what is naturally intended.

I also think that the government see Bitcoin as one of its milking cow since its industry shows gigantic growth over the years and they (the government) wanted a piece of this industry.  The government join in because there is money to make and not to pursue on what the creator originally intended.


Well, only a few people are concerned about the decentralization, full authority, and freedom Bitcoin gives, others are just passersby and just want to have profit so they don't care whatever path Bitcoin will take now that politicians and government are involving themselves in the industry.

I think you are a little late with that advice, but even if you had written it 10 years ago, most people would not have listened to you, so it doesn't really matter. For most, it doesn't matter at all who is a friend and who is an enemy if it brings profit. My advice is to sell only what you have to, because a bunch of fiat is just a bunch of paper that can become worthless at any moment - the truth is the same can happen with BTC, but I would still risk it with my own bank rather than theirs.

Bitcoin carries itself and it does not carry altcoins. Altcoins are very good with trendy, they are launched by different hot trends in cryptocurrency and blockchain industry, and their altcoin season is very trendy too. The trend starts with Bitcoin, to attract new people to this market, and they see "Oh no Bitcoin is too expensive", then they ignore Bitcoin and make wrong decisions to invest in altcoins.

Bitcoin is expensive is saying since it was $10, $100, $1,000 and $20,000. Now it's going to hit $100,000 and any price in the past is no longer expensive in 2024.
https://www.blockchaincenter.net/en/altcoin-season-index/

In a bull run, you only can get profit if you buy and hold in Spot trading account. If you buy coins and use them as collateral for your leverage tradings, you will lose money but won't get profit.

Bitcoin always ends up carrying the altcoins along when its price is going up. Another thing that will give altcoins a little push up is the benefit that Trump said they are going to give coins created in the US: some benefits. 
 
The season is just a profit season, which we should always know when to take profit and prepare to enter back the market when we can. Why studying the market? It's not a permanent bull season like some always think it lasts forever and later regret when the market starts dropping below where they could have realized good profit.

Well said mate, sometimes i use to wonder why people are so excited when politicians are making positive comments about bitcoin when we all know that the major purpose of introducing bitcoin was even far to stay out of politicians and the government because since bitcoin was created to be decentralized, the government cannot directly benefit from transactions relating to bitcoin so what makes us feel that if politicians uses bitcoin as a strategy to achieve government offices, they would implement policies that will favor bitcoiners? Even if they make policies that will favor bitcoiners but we should not forget that government doesn't involve in something they feel it won't be beneficial to them so we should just feel at home with the current trends while expecting the ''rainy days''.

Stay alert and keep an open mind is something that we need to know the real situation. We don't have to believe others if they have their own agenda. We can know what they want to do with Bitcoin such as the government that want to control Bitcoin. You need to secure your Bitcoin with all things you can do.

More countries will allow Bitcoin so that means, that can impact to Bitcoin price. What you need to do is keep collecting more Bitcoin and don't think much about the government. If they release a new law which support to Bitcoin, that will be good for Bitcoin. But you need to know when you can take your profit and hold the rest of your Bitcoin for a very long term.

This will be a different cycle and perhaps the growing interest of politicians in Bitcoin could be a good sign for its future. Bitcoin is gaining credibility faster so some politicians are trying to gain influence to do whatever they can for their own interests and I don't think that is a problem because it doesn't have a negative impact on Bitcoin's journey. We live in a country where having a legal system and certainty is considered important to some people and the presence of some governments on Bitcoin's journey could have a positive impact in their view.

The adoption of strategic reserves could give a price spike to bitcoin because the country has a big influence on the global economic journey and congressional approval may be an effort that must be pursued in the future and if he is confident in the process then it will be a good hope for bitcoin.

In anticipation we're expecting multiplication of % in this current bull run in compared to the interest % of the last bull run because as we can see there's a high increase of adoptors and whalers has muchly flooded the market with their huge amount of holdings on bitcoin.
While El Salvador has created the records of reserving it economy source on bitcoin, US government is also proposing and so also the one contestant of Poland election coming next year has also made an insight of adopting the adoption of bitcoin into it national reserve.
Indeed this coming bull run will be a boom and as much, I have also added more to my holding which little holders like me combined together could also drive the price of bitcoin impressively too. 😁

From the look of things, this government will favor Bitcoin and many altcoins in the crypto space. The bullish movement of Bitcoin is heading up to $100k soon or later but bitcoiners should not be too excited not to know where to take profit to avoid regretting why they didn't sell off before the price starts to decline. We already know that bitcoin has two season, the bull and bear and after this cycle, comes the bearish movement which some people might miss out to sell at the pick price.

can't agree more as just a few days ago, i learned that the government in my country is proposing a new finance bill for the upcoming year, which would tax people's crypto holdings and assets, and they are talking about the assets themselfes, not gains from those assets, they fucking lost it.


they only see bitcoin as a way to make money, that wouldn't be so bad if they were not also actively fighting bitcoin decentralization and privacy.
any government can join in, that's the beauty of decentralization. but if we let them take control, we are done for.

Yes I agree, it makes perfect sense, even if the US government decides to make Bitcoin part of the Federal Reserve as Trump promised, it means that governments have come to believe in Bitcoin as a value and reserve but they will not believe in it in terms of decentralization and privacy.

Yes the US may go ahead with its decision to make Bitcoin part of the reserve and other countries may follow suit but most likely it will be a step towards more control over Bitcoin and not the opposite.

If you have Bitcoin ETF, sell it.
If you have coins on centralized exchanges, move it to non custodial wallet.
If you want to sell your coins, sell it on Dex or No KYC P2P.

Bitcoin is doing fine without government, as long as it's not get banned, people are freely to buy and own Bitcoin. Recognizing Bitcoin as security, property, currency or legal tender is pointless.

This shows that bitcoin is gaining ground much faster and the US itself is starting to see bitcoin as an alternative to adopting a strategic reserve.
But if we refer to the rules in place then the elected government should change some policies regarding the programs that may be proposed.
Regardless of the financial interests for the public in their view, we can understand that bitcoin has always been a much better alternative compared to others.

In the end I agree with the last sentence because the government is not an ally but needs to be watched.
Just enjoy every policy they make and our main target is to maintain the value of the investment to be better in the future because that is much more important than the lack of legal certainty.

Let the government be the government. You can't expect the government to support anarcho-capitalism, for example. I, too, don't like the government but I, too, understand where they're coming from. I remember the sublime Lee Kuan Yew saying, “I am often accused of interfering in the private lives of citizens. Yes, if I did not, had I not done that, we wouldn’t be here today." Indeed, he's loved and revered by his own people.

I guess the state and her people will always be frenemies. It'll always be a love-hate relationship, the governed and the government.

But thanks to Bitcoin, whether the government supports it or not, the assurance that money will always be independent from the state remains there.

It is definitely a test of control. Some might feel tempted to take out all their holdings and use it for other things but this is not the highest yet and we need to be patient and believe in bitcoin. Some may feel scared that this may be the only time for them to take profit which is why taking at most half of your holdings can be ideal since you would have gotten some profit already but at the same time you still have money to monitor and use to earn from.

These are the times where a lot of us investors will learn a lot from. All the things we have read and learned this is the time to apply those and hopefully we get to become successful at the end.

If anyone want to take profit, it's good because they can have something to enjoy from a bull run.

The bottom line is don't take profit with all bitcoin you have. Reserve like 5% or 10% of your bitcoin as very long term holding. In 2017 bull run, $9,000 is like a dream for taking profit with 1 bitcoin but only 7 years later, you can take profit with 0.1 bitcoin and have the same cash amount. That's an amazing power of holding and I believe that in next 7 years, 0.1 BTC will be bigger than $9,000 and it will make many people who had 1 bitcoin but sold it all in 2017 at price $9,000 feel very regretful.

seems your mentor taught you bad lessons...
bitcoin was libertarian* based not capitalist based
they are cypherpunk, not anarcho based
bitcoin was coercion-free but you and your mentor love the coercion(by cores governance) so seems strange you now admit the opposite as being the old ideals, when for last few years you been idolising the coercion and pretending bitcoin would fail under true coercion free method
(you love the core/NYA 'backward compatibility' consensus bypass tricks)

you seem to love the coercive capitalist methods of core governance, so i find it strange that you say watch out for US gov, whilst you idolise how core are sponsored by the wallstreet guys that are puppets of the US gov regulators

you ask others to now watch out for things, yet for years you have been trying to brush such coercions under the rug and then highlight coercions and celebrate them when it benefitted you.. but never shown any sign of defying/fighting against the coercions of the capitalist governance

.. i am hoping that now your mentor has become more silent on the forum, you are now seeing the light(and your mistakes) thus now thinking for yourself, independently.. and so now are changing your mind/ways.. but last time i seen you try to change, it didnt last long before you went back to your mentors way

*

..
so with all that said are you now ready to defy the government regulated wallstreet sponsor deals with core devs, used to influence the bitcoin governance.. or do you still support and dont want to stop/change the controllers of bitcoins politics

in short:
are you now ready to care and be concerned with protecting bitcoin from centralised governance, or do you wish to continue ass kissing their agenda(core roadmap) thats sponsored by the fiat bankers and regulators

Just curious, is the strategic reserve you're referring to the same deal as what was in the article I posted about in a recent thread, or is it something different?   Because from what I've read, the 5% of the total bitcoin supply the US government would apparently buy should that proposal go through would be earmarked for debt repayment over 20 years and wouldn't really be a true reserve fund like gold used to be many years ago.

If we're talking about the same thing, I'm guessing someone in the government is expecting the price of bitcoin to skyrocket to a point such that the enormous amount of debt the US has racked up can be repaid....but I still think that's a straight-up gambling fantasy that ought not be funded with taxpayers' dollars.  Anyway.

OP, you're absolutely correct that the government isn't an ally.  It shouldn't be that way, but that's the harsh truth.

Without the government, bitcoin has strived. With the government, it is just an added advantage which might not last for long. Government changes and policies do as well

They've tried to fight Bitcoin in the past and saw it's something they can't ban completely. So, they've decided to join the network, and it's something to check out. Although the profits are enormous, it won't stop the loop of Bitcoin price, it'll still face bearish moments, and I'd love to see their reactions during the bear season.

However, Elsavador has been there, and everyone was glad about the President's adoption. On the other hand, US is not to be trusted, but since the opportunity will be great for the ecosystem and more users from the nation venturing into Bitcoin, their regulations will mainly stand on her citizens. The government still have little impact in controlling the network.

The government will always be who they are, not our friend, not fighting for our interest. Everything they do, every policy, every decision is all to enrich themselves, and they will tap from every resource the citizens are enjoying and at the same time not leave their main target, which is control.
 
If their involvement in bitcoin is bringing about positive change in the market, the profit is the only thing I'm much more focused on. Aside from that, I can never consider the government as any instrument that means well for Bitcoin.

Because of profits.Most care about their profits than decentralization.

The most unattractive thing about Bitcoin is it's decentralization and reason why I doubt the Federal Reserve of US.
Except they would find ways that they can control something since they can't really control it's governance.
You can't mention Government without Control and Politicians without Liars or scammers.

Confiscating coins from dissident people is definitely in their plans, but I don't think that the new administration will be so hostile towards bitcoin as the current one. Pretty much the same as it had been so far.

For "us", the Bitcoiners, I can think of no greater threat than entertaining the idea that the government is benevolent. Other than that, we should be in a advantageous position. No, I don't think that Bitcoin can be part of the Federal Reserve, but it remains to be seen in practice.

Do you think they will escalate some  rules to make the seize of our Bitcoin easier for them? ^{Chainanalysis and similar agencies will flourish if politicians  adopt such approach and , as a result, we will be hoisted by own petard.}

What other threats ^{for us} might be emanated from government should  Bitcoin be part of the Federal reserve?

Bitcoin is decentralised and when last I checked the government doesn't fancy Decentralisation or decentralised projects to be precise. Now here you have a nice write up with a smart reminder at the end. Firstly let's evaluate the whole crypto pump. Why has bitcoin been pumping? Well yes big firms are buying more and of course FOMO is making smaller retail holders sell of their coins. These days governments seem to be adopting bitcoin in most countries first it was El Salvador which was very rational as they are a small country and next it was the US and now even Poland.

The questions are is the government supporting bitcoin or they are just aiming to profit off it and fix inflation in their economy. Big firms buying more puts the market in tension and if you ask me FOMO is one of the biggest problems currently.

Actually, I've always wondered why fellow Bitcoin folks cosy up to this government this much. They act like it's a whole different government when in truth they're all just politicians. I mean, I understand that the new government may be a bit more favourable to Bitcoin as they claim to be, but we still have to remember that at the end of the day, they're still just politicians. The government will always do what is best for the government.
All of a sudden folks are acting like this is not the same government that has been finding a way to control Bitcoin all those years ago.
They might begin to see the benefit of bitcoin now, but they still do not want you to have all tat freedom.

You're on track, because right as we speak, bitcoin already mark All Time High of $94,000 and from here, we don't know if we are going to $100,000 henceforth before the end of the month as well as the bull run season, we may have our fingers crossed while speculating on more of this to come, each week a new all time high.
 

If we can have the US adopt bitcoin, then the entire world has been conquered and left without a choice than to follow same, now, El-Salvador is becoming more optimistic in knowing what the outcome of this just concluded election could be on bitcoin and its global adoption as a legal tender by other countries.

And here i am answering the call 

Let everyone participating in the "100 pushups a day until Bitcoin reach 100k" know that the challenge will soon come to an end. Bitcoin has hit a new ATH and will reach the 100k threshold soon enough.

The Bitcoin reserve bill passed by Donald Trump is 4th most viewed bill in the US. But it looks somehow impossible for it to be implemented. One million Bitcoin for one country in a five year period is massive.

A very valid advice. For the past years, it has been a story of ban and restrictions by different countries. Bitcoin and Bitcoiners have suffered this fate for a long time, this seems to be the moon our ancestors prayed for. Now, we are witnessing it, we should enjoy in its entirety. We are living in the future of our ancestors. You never can tell if bitcoin has won all the battles.

A few dedicated bitcoiners who value privacy and decentralization should hold on and increase the campaign. The worse scenario of this global adoption would be attempts to centralize the decentralized bitcoin. This can only be achieved by the government if we all become profit orientated and forgetting the real legacy of bitcoin.

Just as you said, the current price is 93,676 as at when this my post was written and I also believe that the price may go higher in the next few minutes after dropping this post.

I'm crossing my fingers and waiting for it to hit 100k then I will really believe that for once the government is going in our favor for this short period.

The gains are here already and I can't believe less but hope that this season will last for a long time even though my one eye is open while sleeping with the enemy lol.

At the time of writing this, we're breaking a new All Time High at $93,570, and until submitting this post, this record might have been surpassed.

News flash: we're entering a new era--perhaps another cycle--but this time, the rules seem to have changed. Politicians have stepped into Bitcoin or, at least, shown concrete interest. In the last cycle, only El Salvador, a relatively small nation, embraced Bitcoin. But now, more appreciation has been demonstrated. Recently, the new government of the most powerful nation in the world, the US, proposed to adopt a strategic reserve. If this act passes through Congress and is implemented, we can expect the price to go up.

However, I believe this is a test of your integrity. Certainly, this government might seem more favorable toward the space and perhaps even to you personally, whether because you align more closely with their ideology or due to financial interests. However, this remains far from the coercion-free, anarcho-capitalistic ideals that the ancestors of bitcoin advocated.

Enjoy the gains, but don't lie down with the enemy. Stay alert and keep an open mind. The government is not your ally.