Topic: getting back into the BTC game (Read 1019 times)

If that's what you intend to do then I won't object because it's your right but I won't agree if you try to give that advice to everyone because that will most likely cause many people to miss out their investment opportunity. I have seen many Kols with millions of followers on X or telegram groups with tens of thousands of members also making predictions that bitcoin will fall to $35k or $28k...But what now? bitcoin is currently trading at $68k. Maybe many people have sold their bitcoins because of these wild predictions, and we can see how giving indiscriminate advice to others can sometimes have serious consequences. Of course, those people are foolish to rush to believe any advice without doing their own research, but it is also not good for us to give advice indiscriminately.

I'm not trying to give financial advice to anyone at all, it's just what I personally would do.
Why am I thinking about falling? 
On the weekly chart of Bitcoin it is absolutely clear to see a trend that has changed and is going down. And at the moment we are at the top of this trend, so I think it can only go down further.  
Of course, it’s everyone’s personal choice to buy Bitcoin this way or through the DCA. I wish everyone profit and good luck.

Waiting isn't a word I like to hear as waiting can make you to miss buying at a more affordable price and I have heard stories of how waiting made some individuals to miss buying Bitcoin. Bitcoin dumping shouldn't scare us but give us you more reason to buy and not be scared of keep buying. I would say we buy right now and buy more if the market decides to dump but I don't think that is going to happen as we are getting more bullish due to the different events happening. Bitcoin conference is happening and there are going to be alot of speakers that will make the event to be bullish and cause some individuals to start buying as we wait for the bull market to starts officially.

Another trigger of the increase is the halving. I remember the price last time was only at the $50k range but look where it was now, it was now at the $60k zone, so this is clearly a recovery. Another indications to tell is by checking the fear and greed index. I didn't checked it yet but I'm sure that the fear percentage is now on its lowest rate because like you said, many people are optimistic about BTC.

Usually this isn't just optimism alone but they can also team it up with action or through buying. As for the $100k, we are still far from it, so you are right that it's better to just wait and calm down. In fact, things are going to get faster if you don't keep on tracking them.

What do you rely on to guarantee that bitcoin will drop to 35k$-45k$? Do you sell all your bitcoin and wait for it to drop in price as you predicted because that will help you buy twice as much BTC for the same amount of money? I don't know if there have been any changes since the bitcoin ETF was approved but I still want to tell you that bitcoin is still the same, unpredictable. Therefore, do not be too subjective that you understand bitcoin, understand the market and think that your prediction will definitely happen.

Like the recent adjustment when the German government sold bitcoin, many people had the same prediction as you. They thought that bitcoin would fall below $50k and they were determined not to buy when it dropped to $53k, but in the end bitcoin has unexpectedly recovered. They already regret not buying it when it was $53k and now they will have to buy it for more, so I don't think it would be a wise decision not to buy now and use DCA.

It's just better not to rush now.  The price behaves very sharply after the introduction of ETFs, and it is absolutely clear that the market has changed and the old patterns are not working. 
Price movements have become fast and recoilless, whereas before the price always adjusted its course. Therefore, it is better now to wait until 35-45k in Bitcoin to the dollar. 
I am sure this goal is close, because a sharp decline has begun.

If a person really has the commitment to become an investor and hold for the long term, then buying at the current price is not really a problem, not only because I at least expect the price of bitcoin to double at the end of this bull run, but also because even if it did not happened, bitcoin is still one of the best assets you can buy and this is not going to change, so investing in it right now is a great move that will eventually give you the profits you are looking for.

Welcome back to the crypto world! It's great to hear you're taking steps to secure your investments with a Trezor Safe 3. As for the future potential of Bitcoin (BTC), here's a balanced perspective:

Optimistic View:
Institutional Adoption: Major institutions are increasingly adopting Bitcoin, which adds legitimacy and stability. Companies like Tesla, MicroStrategy, and Square have made significant investments in BTC.
Scarcity and Demand: Bitcoin's capped supply at 21 million coins creates scarcity, which can drive up value as demand increases.
Technological Advancements: Continued development in blockchain technology and layer-2 solutions, such as the Lightning Network, improve Bitcoin's scalability and transaction speed.
Regulatory Clarity: In many regions, clearer regulatory frameworks are being established, which can reduce uncertainty and encourage broader adoption.
Cautious View:
Volatility: Bitcoin remains highly volatile, which can be a risk for investors who are not prepared for significant price swings.
Regulatory Risks: While some regions are becoming more crypto-friendly, others may impose stricter regulations or even bans, which could impact Bitcoin's market.
Market Sentiment: The crypto market is heavily influenced by market sentiment and news, which can lead to unpredictable price movements.
Competition: Bitcoin faces competition from other cryptocurrencies and blockchain technologies, which could impact its dominance and value over time.
Personal Perspective:
While I don't have personal views, it's clear that Bitcoin has both strong potential and significant risks. It's wise to stay informed, diversify your investments, and be prepared for the inherent volatility of the crypto market. If you're optimistic about the long-term prospects of Bitcoin and blockchain technology, "hodling" could be a rewarding strategy.

However, if you are here to accumulate and hold it for long term, buying at the present price is not actually a problem. After all, you wouldn't dare to sell at a loss price so even if you try to buy a small amount with the current price, this is still considered a good buy. But if you want to wait for a little pullback of price, that's also a wise decision. You can actually make bigger profits in the future if you started buying bitcoin at an affordable price.

what I have to tell you is that and whatever thing you are doing you got to make a proper research so that the thing will not fall back to you because when looking at everything it is since that the knowledge of Bitcoin does not have an extreme end so you most devote out time, to do whatever thing that you know that you benefit you in future because when I started it the journey of cryptocurrency mostly Bitcoin I have to take all the risk to make a proper research concerning cryptocurrency so from my own basic knowledge of crypto I know that it is something that I have to do with some certain things so those things that it has to do patient and also inquiring to be able to know the rules and the regulation of Bitcoin before you go into the investment

Welcome back. There is a solution to the problem of hijacked accounts. If you are an active old user, you know how and where you will get the knowledge to find solutions to hijacked accounts.

I am in the group that is always optimistic about Bitcoin. Bitcoin will be a valuable electronic currency in the future even though I cannot use Bitcoin as a legal currency in transactions due to legal restrictions.
As a commodity asset, Bitcoin for me is one investment asset that can protect against fears such as a decline in the value of fiat currency.

It is necessary and if not, then it is like you are only throwing away your money. You can only hope and pray that nothing bad will happen about your phone and computer where you keep your keys. Losing a coin doesn't always mean that someone didn't make a backup but there are also cases like hacking and fraud transactions (only a few to mention).

So, it's important to keep on learning and stay updated on how to avoid them. Backing up a wallet might be easy for us because we are an experienced user already but not for those who are still starting, though it would be better if they won't start buying Bitcoin first until they already master the basics of bitcoining.

You really helped yourself by sharing this here, because is very sadly when i had that some one account has been hijacked after all the effort putting in to grow up the to reach full member rank. To be honest is not a day jobs, but let me say a big congrats to you since you can find finally get your account back soon; because I saw a one our users here have shared you a link on how you can get you account back.
Apart from the Bitcoin investment I don't think they will be a other coin that will do better like them, because upon say the market of Bitcoin is flutrating it still has much value them other coin, and that's why people's they still keep up on purchasing Bitcoin even thought the price is higher in the future it be better.

there may be some investors who feel panicked by what has happened recently in the bitcoin market, and that is normal, and I agree that looking at the current market, bitcoin is in a gradual recovery stage, and if you look at the current market movements that shows bitcoin has increased at $64K towards a positive direction, yes I think everyone who invests in bitcoin still has confidence. to continue waiting for the price to rise until it reaches the target set by bitcoin holders themselves, including myself, who is very confident in bitcoin, and very confident in the investments I have made so far, as long as we wait patiently and are consistent with what we have done so far. This. I think it's still possible to reach $100k by the end of this year,

Of course and what you say is a fact and there have been consecutive events that have caused BTC prices to be depressed after the previous 73K increase where one of the triggers was the approval of the Bitcoin Spot ETF by the SEC and now the price is still in the recovery phase where the price is now around $64,250, but I still I'm sure because many are still optimistic that the BTC price will rise and move even higher after this market frenzy is over and let's wait and see whether Bitcoin will be able to reach 100K in 2024.

I fully agree that making copy of your wallet backup phrase and private keys is very important. Story which you mentioned about someone losing their wallet and offering reward to get it back shows how important backups are. It is surprising they did not make copy which is easy step to take to avoid stress and losing money. I also think DCA is good way to buy Bitcoin but it requires having extra money to invest regularly. However making sure to back up your wallet is crucial and should not be ignored to keep your money safe.

Good to hear you're back again. Welcome aboard mate. Now if you asked me if I'm still optimistic about bitcoin? Of course, I do. I wouldn't be staying here for long waiting for nothing, stretching my patience without a bright future waiting ahead for me.

Bitcoin has definitely come too far. Not only on its price, but also on how the people have changed their perspective about bitcoin. Bitcoin has already reached a significant price while you were out, and as long as the demand for bitcoin will continuously grow, its price as well will certainly not stop from increasing its value every now and then.

Yes, I sent them the email from the email address that the account was originally opened with.  However, I don't know what it was changed to after the account was hijacked, so who knows what the current registered address is.  This was their response to me:

"Unfortunately since the account has no relevant history that could help us with the recovery process, we have decided that it will remain locked. If you want to continue using our platform, our suggestion is to create a new account using a different email address as it will have the exact same privileges as this one.  Thank you for your understanding."

I would think that emailing them from the email account that it was originally registered with would be enough to prove ownership, but I guess that's not good enough.

But will OPP have the courage to buy if OP returns to the market when bitcoin falls below $20k? Also, OP is not the only one returning or starting to enter the market, there are many new who want to enter the market. It's true that this is not the best time, but if you still think this time is not suitable to buy bitcoin, then what is a good time for beginners to start? What guarantee do you have that bitcoin will correct and decrease as you say?
I remember when bitcoin fell to $53k, many people didn't dare to buy and they drew hundreds of charts showing that bitcoin would fall to $48k, but as a result, bitcoin was trading at $65k. Why don't we use DCA instead of waiting while there is no certainty about the future?

It’s bad that you didn’t return it a year and a half ago, since then the price was 20 thousand for Bitcoin. Now is not the best time to invest, because the price has long been in the corridor between 60-70k and sometimes breaks it up and down. If you decide to buy Bitcoin, it’s better not to do it now, but at the next drop to 60, or 57k. Because at least this way you can be sure that the price will continue to rise.

From this pandemic, many people can actually learn very valuable lessons in their lives, where they can see that they can still rely on Bitcoin in conditions like that. Especially when conditions are much better like now, it can provide a fairly clear picture that Bitcoin can be a help for those who believe in it and for everyone who still has it today. So the concept is that apart from having trust in Bitcoin, there must also be learning to be able to understand the difficult conditions that we can still solve by relying on Bitcoin.

Don't lose patience with this because if you are the original owner you will definitely get the account back. But you have to prove, really strong evidence will help you get the account.

Ever since Bitcoin was able to overcome the government obstacle and still manage to serve as a hedge fund during the world total lockdown that COVID-19 caused I don't think anyone that understands the concept of BTC will not be optimistic about its future not to mention the attention it gets from the world top investment firm.

The power of a positive mind, welcome back and hope you don't leave in limbo this time around especially that they say there is strength in numbers...we need everyone one put for the bullish pressure to happen if we all can buy BTC once In a while to make the difference


Issues of an account getting retrieved aren't difficult if you have some signed message somewhere and/or you can sign a message from one of your old addresses associated with the old account and you should be back on track...don't give up just yet!

It's not the wallet that makes you a Bitcoiner if having a hardware wallet makes you having that feeling, shoot for the star's

Pretty bright indeed, institutional money keeps flowing in but seems tap is left open for some to siphone money out which is the only drawback for now...but this will go out way soon..

I can't tell for sure what the future holds, but I'm okay if the market stays a lot more stable, most people would be happy to make use of Bitcoin much more as a daily means for transferring money online and offline. Isn't that what the community wanted? Sure, I know some newbies would be feeling cheated if there's no other bull run taking place, but there are so many ways to make money in the crypto space instead of just waiting for an ATH price.

With the potential of the Bitcoin I've already seen what I need to do, with this current state of the Bitcoin it is now widely accepting by the society can be use now as a payment for different goods, as a transaction and people seeing now Bitcoin as a salary. I have separate funds with the Bitcoin another asset for holding my coins and wait for the next halving and another asset of Bitcoin just for my daily investment like NFT and trading so I do not need to make a transfer to my single wallet every time. Bitcoin already shows it's potential from its recent years so why not keep trusting with his story is the reason I keep holding this coin.

So sorry about the bad outcome, but what exactly did they say?

I believe you used your original email address to send them a message? That would partly be some useful evidence that you are the original owner of the account, and maybe your IP address logs from the previous years.

I still feel you shouldn't give up that easily, this guy did not, and he got his account back. Maybe make a case about this in Meta board as well.

Update: The admins have decided not to restore my original hijacked account because they feel there is not enough evidence to do so.  Oh well.  I gave it a shot. 

Keeping Bitcoin in a hardware wallet isn't the only thing to look after, the back up seed phrase/ recovery phrase and the associated private keys is very important factor for safe wallet. I saw a post on X where a guy posted an advert for any person who saw his hardware wallet, he is offering to to give the person some amount and form the look of things, he didn't do a proper backup where his funds were kept else he would have just move the fund to another safe address instead of looking for the loss wallets and his house key.

DCA is one of the best and safe way to buy Bitcoin but the problem is not everyone has free money to buy consistently as the market drop, but if OP has the cash flow to buying as we dip, it will help him big time instead of buying at a spot when the next direction is not certain yet. But emphasis of wallet back up shouldn't be underrated.

Yes we here can only speculate without knowing what the future increase in the price of bitcoin will be like, I agree not to rush to give unnecessary assumptions that will later make a fuss. and to touch $ 100k I am still optimistic I do not doubt that, but if for $ 1 million it is still too far to hope in that direction, and who also does not want an increase in prices like that, if it happens it will be very happy who has invested in bitcoin.

So for now I will just enjoy the investment process that I have targeted for my long term. but when it comes to bitcoin, hope is still wide open to invest some of our money and get the benefits that we can take in the future, and look forward to the surprises that will occur later.

It's never too late to collect bitcoin is a very special sentence, today we are in a phase where institutions and governments are slowly entering the world of bitcoin, some other countries are still quite hesitant but I note that institutions are increasingly adopting bitcoin, as well as retail which is growing with the expansion of bitcoin and marketing by many market for bitcoin to reach more ordinary people.

yes we cannot expect to be 20x or more but we can see slowly bitcoin will experience growth even if only 1x 2x in each cycle, for the next decade I hope we are at the top of a very beautiful hope with bitcoin, never doubt bitcoin as a very promising investment asset.

Op, welcome back! I hope your account recovery will be successful. As for Bitcoin, I don't think it's ever too late to return to it. As you can see, the price grew significantly over the years, and so did recognition of Bitcoin around the world. The fees are an issue occasionally, but there are also periods when they are very reasonable.
I'm still feeling good about Bitcoin, although I believe that our expectations should not be the way they were 7 or more years ago. Bitcoin can't grow 20x or 10x in one bull run anymore. But maybe it can grow 10x over a decade, we'll see. Right now, we're either still getting close to the bull run, or a very mild bull run is already behind us and there's a bear market ahead. It's hard to say in advance, but it will be clear in hindsight.

We haven't even touched $100k yet, so don't rush into a scenario where bitcoin will reach $1 million in the next 10 years. We don't have any evidence or data to guarantee that will happen. I'm not pessimistic, what I want to say is that we should not be too optimistic and unrealistic, this will cause many people to misunderstand.

The target we are aiming for is $100k and most people believe it will happen during this bull season. So OP is back at the right time and there is still time for him to start accumulating bitcoins before the rollercoaster starts.

Our job is buy more Bitcoin and wait for the reverse of the Bitcoin price. We could wait for some time because Bitcoin price now still at a low but we have a good time to buy more Bitcoin at a low price. That is why many people still buy more Bitcoin because they don't wants to lose the opportunity to buy Bitcoin at a low price.

Bitcoin price can increase today but that doesn't mean the price can still increase. We still needs to be careful to anticipate anything bad such as correction that can happens anytime. But if you decides to continue buy Bitcoin, you still have more time so you can use it for your benefits.

We still wait for Bitcoin price increase so we can use our time to do other things instead just wait for the market increase. Besides that, we needs to be patient and don't panic if the correction still appear.

We have gone through various momentums while holding as much Bitcoin as we can, we have gone through various moods due to the price continuing to fluctuate. Sometimes we are happy because the price continues to increase and a feeling of anxiety comes over us because the traded price continues to decrease. The confidence that arose in us about the increasingly bright future of Bitcoin has formed the determination to hold for a long time and increase the amount when we have additional funds.

Recently the Bitcoin market experienced a slight decline due to large sales carried out by Germany, but the effects were felt only in the short term. We may soon see the huge growth experienced by the Bitcoin market in the future, you still have time to collect Bitcoins to welcome the new ATH that Bitcoin investors are always anticipating.

1000x optimistic on the soundest money there is in the world. I am without a doubt convinced that we are going to see 1million / bitcoin within the next ten years mark my words. There is just no way that it isn't. Apart from wishful thinking what isn't appealing about being your own bank?

This question is needless in my view as it doesn't have anything reasonable to add to the reason you asked it. What has the use of many wallets got to do with the safekeeping of the seed phrases when the person did not say the keeping is a problem? Are there many people having different wallets and keeping them very well without any compromise till today? If someone can keep the seed phrase securely for one wallet, why can't the person keep it for 5 wallets? It all has to do with your plan for the safekeeping.

Now, I need to hear from you, what is your plan for keeping your wallet that you are so afraid of using more than one wallet? You can't use your lack of safekeeping of seed phrases to judge others. Even if all my seed phrases are on a single sheet of paper it is often coded in such a way that you will not know the right combinations even if you had access to it. That's wisdom.

If you are already confident that you can store your seed phrase well, why would you need to use multiple wallets to store your bitcoins?
To me, there is no perfect and absolutely safe method, each method has its advantages and disadvantages. I should just say that in my opinion, using too many wallets is not as safe as you say, they also have certain risks.


Have you checked the bitcoin price today? I don't have any advice because everyone will have a different investment mindset, but I would find it a waste to prevent someone from buying bitcoin at this time because the price of bitcoin is quite good to buy. At this moment, bitcoin price is trading at $59k while a few days ago it was just $53k or $55k.

This is good advice.  I don't plan to play the "just keep waiting" game before I start investing.  I plan to buy BTC here and there as finances permit and HODL for the long term.  I'm not really concerned if the price of BTC falls because we all know it's going to go up again in time.  I don't mind waiting.

Since you have asked about the potential of bitcoin and the future of bitcoin, then i am sure that you should be aware that bitcoin has a very bright future. I am sorry if you are asking in terms or price or time as when we will see new bitcoin highs but sooner and later bitcoin will make new highs and this is the right time to invest in bitcoin now before it is too late. It is always good to invest under 60,000$ as compare to investing in times when bitcoin will be above 70K and the fomo will be at the highest peak too.

Advice: i will suggest not to listen to a lot of people as some will ask you to wait for more lower prices for bitcoin investment. If you listen to them, you may end up missing out completely in this bitcoin game 

Welcome back OP.
I am very optimistic about the future of Bitcoin because in the last 4-5 years it has received special attention and governments have also been forced to accept Bitcoin. Do you agree? In the early years of Bitcoin's rise, out of every 10 posts in this forum, 8 posts were related to the acceptance of Bitcoin by governments and concerns related to it. But now? Everything is completely normal. This is the power of Bitcoin!

When someone is trying to avoid the mistake of using a single wallet like before when the wallet was compromised through hacking and the option of distributing his risks by having multiple wallets that are independent of each other is not safe in your view, which option is safe? At least you should have added a better option and not just condemn.

Also, having more seed phrases as a reason to believe the option is not good is baseless. If someone can keep a seed phrase for a single wallet well, I don't see how such can't keep it well for multiple wallets and it is not new for people to have more than one wallet without any compromise. We've been sharing enough ways to keep seed phrases on this forum, if you don't know, you ask.

You sound so perfect now, you who asked such a question, do you also have the guarantee that Bitcoin can't go below $50,000? Maybe you should read what I wrote again, my experience with trading/investment will never make me guarantee any decision, I can only speculate.

Against your wish, one thing I will not do is tell people to invest when the market is strongly bearish regardless of the investment approach you are preaching.

Holding bitcoins in multiple wallets is also a risk because of the pressure we will need to store more seed phrases, so using multiple wallets to store bitcoins is not a perfect solution and think it will make us safer.

How low can Bitcoin go and what is a reasonable price for OP to start buying if not now? Do you both have proof or any guarantee that this bitcoin correction will cause it to drop below 50k$? If you two give him advice to do his own research and research before investing, then don't give him advice about the better time to buy bitcoin. Let him do his own research and make his own decision, and I will support the DCA idea.

Yes you are right it is smart choice to be careful when investing in Bitcoin. And to reduce risk keep Bitcoin in multiple wallets. If we have a lot consider a safe option like hardware wallet. But even with safe wallet we still need to be careful. Before investing we should take time to learn and understand the market. Some people might say to invest little at a time DCA but it's better to be cautious and avoid losing more money. Bitcoin price might drop even lower so it's important to wait for a better time to invest. But if we will use the DCA method so it is not important that where the Bitcoin is and what is the price of it.

Sorry about your ugly experience with Bitcoin, but next time, you should be more careful. You may not even need the hard wallet, but keep your Bitcoin in multiple wallets. So that if one gets compromised, others will still be there for you. But if you are storing a huge amount of money, going for the Trezor Safe 3 may be a very good option. Still, make sure that you are careful about keeping your wallet, otherwise, it will be a waste buying the gadget.

As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.

Isn't doing DCA better than using a stop-loss? One doesn't need to use all their funds to buy Bitcoin at a single price point and then keep watching the market after that, one should divide their capital into multiple portions and keep using them one by one to buy Bitcoin as the price keeps going down because we never know, we might think it is the least price we are going to see for now but the market can always surprise us, so it's better to be prepared than to regret it later.

Some people do DCA but they do it the wrong way. You are not supposed to keep buying Bitcoin on every drop of $1k from its price, for that, you will need an extremely large capital so that you can keep buying. The best way to do this is to make the gap a bit bigger so that you can adjust your capital accordingly and be able to buy the bottom as well because if you exhaust your capital and the market goes even lower, you will regret buying earlier and not having anything left to buy more because that could generate more profits for you.

It's perfect time actually to stack up again since bitcoin goes down for a while now. You will gain at least 6-10% profit when you buy now @56k and until bitcoin goes back 67k or even more. As a i see that there is lesser chance it goes back down far below. Just don't forget to stop-loss if you are still in a trading platform to avoid getting loss instead since there is still chance for it to go back down.

I did, but it wasn't just because of the account hack.  I'm glad to be back and look forward to building up my BTC again.

Did you stop becoming a holder after your account on the forum got hacked? If yes, then that's wild. To ask your question; Yes, I'm still optimistic about Bitcoin. Yes it might have decade over a decade+ to gain grounds but all new revolutionary tech don't need to change the world in a year, it can do so over time. Btw, welcome to the bandwagon. Bitcoin has survived several tests so much that I'm convinced that Bitcoin is never going away and will be a part of our lives moving forward.

Yup. Still very optimistic despite the market situations. With how the market is moving right now it may make you think that bitcoin's not at a really good place financially and economically speaking but the thing is, it's the aftereffects of a market of people who already got acquainted-used to even, with how bitcoin works overall. So yeah, while the market's not at the greatest at the moment we're still bound for a massive pump later on in the bull season.

Highly suggest you activate 2fa on your account this time too, so sorry you lost your stuff but welcome back!

Would like to also recommend you get into a couple of crypto newsletters beyond bitcoin as well. If you really wanna make bank in this industry the best way to do it at this point is to diversify and start investing in other cryptocurrencies besides bitcoin and ethereum. It's become a relatively safe space as well, and as long as you have half a common sense rugpulls should be a thing of the past for you

Well, the hacked account certainly didn't help, but that wasn't the only factor.  A lot of other things happened around that time in my life (major death in the family, new job, wife just had a baby, new 2nd job) so I guess you could say that life got in the way and my focus shifted.

I'm always optimistic about Bitcoin, and I don't think there's ever been a time I had doubts. Ever since I started investing in Bitcoin, I have not looked back. It's one asset that is worth it, because it's only the asset you can hold and have complete ownership and control, without having any fear that someone can take it away from you. All you have to do is be smart and not make mistakes of giving out your keys to anyone. The price also is not something that I would worry about, because I know no matter what there's always going to be a comeback, no doubts! ✌️

Is it that because of your hacked account you decided to quit everything about bitcoin,  but I think that was not a reason for you to just put a pause about your bitcoin investment. I don't really know when your account was hacked but if you were consistent with bitcoin I believe by now you would have been able to accumulate some bitcoin,  but it is all good you are back to start the journey again. Hoding bitcoin is a good decision, it will be nice you keep it up and not allowing anything to distract you.

Honestly, it's kind of funny, but what led me back to crypto was getting an email newsletter from Trezor announcing their new Safe 5.  I went to the site to check it out and then noticed the Safe 3, which I was drawn to because of the price.  Then I was curious about how BTC was doing lately since I haven't kept up, so I went to various financial and business sites to check it out and they all said that the future of BTC is still promising, so I decided to take the plunge.  I ordered the Safe 3 and I'm going to start buying BTC again to hold.  I don't have any specific strategies at the moment related to BTC.  I just plan to hold for the duration.

There is always a significant reason why these dips always occur but I consider them a good entry point for whoever finds himself at the point as an investor.
But it should be known that the bull season isn't done yet as we still expect more momentum in the uptrend even though it is said that Germany is selling off bitcoins and MT Gox has started moving bitcoin from its wallet, these wouldn't last long enough to plunge the space into a bear market but just a mini retracement.

Welcome back to the fray OP, hope you won't be doing any exit anymore, I feel like you're regretting getting out because you got out at the time when bitcoin isn't this high in prices, maybe this will be a time for you to learn to trust the process in bitcoin investing.

Totally agree and when another crash happens, I feel like we're all going to see more people running away again, that's a definite thing to happen, regarding FUD spreaders, I do feel like they're learning slowly that people in the community aren't easily trolled anymore by basic FUDs and so they do this thing where they put in the effort to make sure that the FUD is going to be believable as possible and at the same time could scare newbies into backing out of their investments.

Optimistic of course especially for Bitcoin. To put it simple, it came across a lot of issues from the previous years, experienced a huge decline on its price, and now it is back on its "feet". If you're planning to re-invest then I think this is the right time. The market price fell recently and is about to go up again. Make sure you won't miss the ride. Bitcoin won't be having such reputation in this industry for no reason. If you are planning to get into other projects, well it would still be a good idea knowing that great projects are being introduced as well at this point but if it is Bitcoin you are eyeing then there's no problem with it as well. Just don't wait for its market price to again be at $70k before you make a decision. I once distanced myself from this industry as well but still found my way back because I don't want to regret anything if I would be missing out on this cycle.

That is so short-sighted of them. It goes to show you that most of these Governments are run by crooks who have no idea how things work. It's also clear that the power belongs to the power once they decide to go against the unjust Government directives.

I think there is another country that tried to ban crypto only to start imposing a tax later. I am not sure whether it was India or the Philippines. So long as the people stick to the principles of Bitcoin, most of these Governments will have no choice but accept crypto as an alternative payment system for the citizens

Yes. They are very confused.

First, they ban crypto transactions using banks. Then we resorted to P2P. Then they forced the crypto exchanges to delist the Naira pair on their platforms so as to stop people from getting involved in crypto, yet we found another way. And now they are back because it was a futile attempt that didn't work. So now, they are going to enable the naira pair but any crypto transactions will carry a 7.5% VAT. Well if this doesn't work, I won't be surprised if they raise it up to 10% which they had earlier proposed in their 2023 finance act

The thing now is that Binance if they want to continue doing business in Nigeria which is their biggest market in Africa, have no other option than to accept. In the end, it is about profit-making and staying in business and not the about the customers. I know their revenue dropped in the few months that Nigerians were no longer able to do any crypto transactions on their platforms.

To understand better, you can read this article - Nigeria introduces 7.5% VAT on crypto transactions

Hey,
First of all welcome back to the crypto world. But it was really frustrating that you lost your account. But it is good that now you have a positive attitude. And it is really a good decision to order Trezor Safe 3. Your choice is solid for holding bitcoin on Trezor. But I have some questions about your back to crypto world.

*What led you to get back into crypto now?

*Do you have any specific goals or strategies for your investments

I am looking forward to hearing more about your journey as you back in. Always enjoy your holdings.

Thank you.

The profile axel2078 was engaging in general discussion of the forum from when they started making post in the forum which was on October 09, 2014, 02:56:04 PM to October 27, 2016, 02:33:15 AM then from July 09, 2017, 04:25:31 PM the profile changed hands and started making posts on alternate cryptocurrency discussions till when they made their last post on July 20, 2019, 07:11:55 PM and the account became inactive since July 24, 2019, 08:47:17 PM.

Going by these findings, if the account was really hijacked then it should be around when the profile changed hand in July 09, 2017, 04:25:31 PM so there is some truth in what you are saying but however, had it been you have staked a Bitcoin wallet address and you can be able to sign a message with it to back up your claims then it would have made an easy way for the account recovery process.

However, forum users can still consider signing their Bitcoin address attached to their account to this thread Stake your Bitcoin address here so that in a case of their account being hijacked or hacked they can have enough evidence to back up their claims.

I remain highly optimistic. $80,000, $100,000, $120,000, and even higher prices are still very much in sight. You've actually got a nice entry point these days as Bitcoin has finally succumbed to selling pressure and has fallen quite far from $60,000. The price is even lower than $57,000 right now.

Especially since you mentioned that you intend to hodl, I see no problem in re-entering at this point. Short-term price changes don't mean much in the long term, although entry during dips is indeed a bonus.

The fact that I'm still staying here for quite long years proves that I'm always optimistic with bitcoin. But anyways, welcome back and hopefully this time, you will create a good impact with bitcoin. Just stick to its basic, buy low and sell high and you will never be at loss. But of course, patience is a must, knowing bitcoin investment is always designed for a long term investment. Bitcoin's future is bright, as long as you know how to manage your bitcoin investment and maximize the opportunities whenever they're coming in.

Wait so after banning cryptos in your country, the Government then decided to tax crypto trading fees?
How exactly does this work since they failed to collaborate with an exchange like Binance?
I thought all users from Nigeria were banned from using the platform.

About the price not pumping immediately after halving. This is normal, It has happened before, we will have to wait for some good number of months to either realize another bull run or not.

Well, I never really stopped holding bitcoin.  I mean, I still have a little bit left, but I haven't really bought any in 3-4 years.  I was distracted by other things in life and working three jobs, so it just kind of fell off my radar.  Ironically, I recently received an email newsletter from Trezor announcing the Trezor Safe 5, which I thought was interesting, so I went to their website and noticed they also had the Safe 3, which had the same security features without the touch screen for almost $100 less.  I was intrigued.  I started reading on different websites to see what the current impression of BTC was and it seemed very optimistic about the future, so I decided to take the plunge, buy the Safe 3, and start buying BTC again as I get the chance.

---

Good advice, thank you.  I'm definitely trying to get my old account back.  We'll see what happens. *fingers crossed*

Hope OP's account recovery works out, I think there is a new team working behind it and things have become faster than before.

As far as BTC is concerned, I keep holding through thick and thin and try to stack more of it eventually as time passes and drops happen. Bunch of shitcoins have come up and they are often the center of craze among the community but they are often not worth putting time or money into.

My suggestion would be to recover your account and then stack up BTC as it drops.

Welcome back to Bitcoin community but account hacking has nothing to do with Bitcoin and that's why you should be optimistic next time.

We always suggest everyone to stay away from custodial and exchange wallets when someone wants to invest in Bitcoin.

If you want to invest in Bitcoin then first get yourself a personal wallet, most preferable should be a personal cold wallet which is the safest way to hold Bitcoin for long term.

Bitcoin can be huge in future and we as community trust that and our beliefs are quite strong in that regard and that's why I suggest you to hold your Bitcoin for long term to gain good profits from that investment.

First, I'm sorry for the loss due to the hacker taking your account to use here on the forum, or he can also sell it here, which he may have done a long time ago. Now, regarding your question, the situation of Bitcoin in the market is quite complicated because we are still going through a correction at the moment.

But nevertheless, despite that, it's still good news for long-term holders, so if you're also a long-term investor, this is a good opportunity to buy and put it in the trezor wallet you have now.

The price of Bitcoin experienced such an upward movement this year that it beat its last ATH before halving, which is strange. (It is normal for the Bitcoin price to get to ATH after the halving). This was attributed to the investment of some institutions in the ETF. We are experiencing a downward trend, which many analysts see as market consolidation. But there are predictions that the price might skyrocket late this year or early next year. So, you still have an opportunity to buy and hodl. However, dipping your toes is better than jumping into the water. The Bitcoin industry is still risky and unpredictable, so you should invest cautiously.

Your first account was last active on July 24, 2019, and it seems to have no trust issues. You can do what some members have suggested and maybe keep sending emails to the admin to remind them of your account. I hope you recover it, best of luck mate.   

Personally, I am still quite optimistic about Bitcoin and even forever, especially after seeing the history of Bitcoin price increases which continue to occur every four years, which always increases my enthusiasm not to forget Bitcoin. You can still rely on Bitcoin as in the past even though the conditions are slightly different now, but there will be no obstacles that can discourage your good intentions as long as you still have a very strong belief in Bitcoin. BTW it's a pretty good wallet (Trezor Safe 3).

Very good point, after the last halving of 2016 and price ATH in 2017 and the following fall
back of the markets from ~$19k to ~$7500 within a month and down to ~$3500 within the
following year hurt a lot of people who FOMO'd into Bitcoin in the last quarter of 2017.

I would think and hope a lot of people learned from that experience of the volatility of the
markets.


Also as pooya87 points out there is "more" of everything.
Also just to highlight that things have taken a turn over the last year or so in that institutional
FIAT based investors have and are looking to move into Bitcoin _{and Crypto} which obviously
increases demand and adoption.


When you get your Trezor do make sure you stake your address as pooya87 recommends, most of
us have done so already.

Almost everyone? When did the price of BTC explode right after the halving that there would be any logic that anyone should have expected that after the last halving?

I will not be at all surprised that beginners have completely unrealistic expectations, but everyone who has been there for a few years should have understood how the market works. The fact that the price is now going down is actually good, especially for OP and all those who want to invest at low prices.

But I want to know , what was the reason you left the market a few years ago ? And what brings you back to this moment ?
As you said, you have read many different news sources about bitcoin so you probably have most of the current situation of the market so I think there is nothing more to tell you . I think you still see the potential of bitcoin when you read that news and that's why you bought yourself a hardware wallet. Right?   
I can only say that you are back at the right time and there are a lot of opportunities for you and everyone who wants to enter the market, we are not yet officially into the bull season and things are still very cheap to collect .

By the way, I don't know if you plan to invest in bitcoin or altcoins, but I want to tell you that altcoins still have many risks and there are still many scams like in the old days. You should be careful if you intend to invest in altcoins.

My personal view is this

• 1. In terms of acceptance in countries, I don't think so. Just yesterday, I learned that people who use centralized exchange in my country would have to pay Value-Added Tax (“VAT”) at a rate of 7.5%  on transaction fees in each trade for users whose KYC information is registered in Nigeria. Ans these monies will then be remitted to the government. This is what makes me less optimistic about bitcoin's potential in my country.
• Globally, I am riding the fence, since the time of the halving. The price didn't shoot up as almost everyone anticipated and bitcoin has since been struggling to set another all time high price which was naturally my expectation.

Note to self: Learn how to stake an address for my account.

Was losing your account the reason you stopped investing in bitcoin or something else happened that kept you away from this market?

Whatever the case, you are still on time to take advantage of the upcoming growth we are expecting, it is just that you will have way less time than the rest of us that did not took a break, so I hope that you saved all the money you could during your absence and this allows you to take advantage of the cheap price bitcoin has today.

since you've been in this space for a time and went off and then you're back, it's clear you've known by now that things have gone better in terms of  the price of Bitcoin at the time you've left in comparison to what's obtainable now. For the past years we've witnessed a consistent bullish periods with minor bear that has led us to the last $73k ATH we just saw not long ago and with the halving that happened not quite long ago, we're all bullish as we walk into the future and hopes are high and expectations aren't going down at all.

Regulation issues hasn't gone out of the way but the level of adoption globally has increased to a very large extent so if we're to look at a comparison of the effect of regulation to the extent of adoption, then there are more institutions and individuals that have come into the space than negative regulations that have stood against it. Like in my country Nigerian which has initially set out regulatory policies that discouraged people and exchanges from operating in Nigeria has now shifted to a new part and have now shifted into accepting and collaborating with the exchanges while accepting to take a percentage of VAT from users which has increased the level of Bitcoin being bullish for the Bitcoin Nigerian local ecosystem. While anticipating the bull and an upward movement of Bitcoin, it's necessary to start buying at this current price and ensure that you're security is well sorted out and taken care of so you don't get involved with the bad eggs that are looking for account to hack and funds to steal. The sphare has also had a lot of bad eggs that are out to steal your coins so you've got to be careful as you start up your journey in this space again.

Things haven't really changed much, everything is just bigger. A bigger community, more government regulation of centralized services, more fighting against government trying to gain control and so on.

At the end of the day Bitcoin hasn't reached its true potential and it is still growing as the adoption increases. So I still have no doubt about the long term growth. The only thing we'll experience for the time being is the negative effects of worsening global economy and increasing tensions on the price.
So in short term I may not be optimistic but long term is all optimism...

P.S. Don't forget to stake an address here for this account, it makes recovery easier: https://bitcointalksearch.org/topic/stake-your-bitcoin-address-here-996318

Who's riding the fence around here?

People who had been scared to death out of holding Bitcoin have all ran away from here 2-5 years ago.

There isn't really anything that the current news cycles can tell us that will spread fear, unrest, and disruption and cause people to sell their bags. As they ran of of ideas for their script since the pandemic and 2022 crashes.

Yes very much so optimistic. I still think bitcoin has a chance to go beyond 100k. It might seem a bit scary now since the price is so high you’d think that at some point it’s no longer going to go higher but I try my best to avoid that kind of mindset and just keep holding

I’m also curious when did you stop holding bitcoin and for what reason?

Yeah, I'm hoping I can get my original account back, but if not, I understand.  My password at the time wasn't super secure and I don't think that 2FA as an additional security measure was available back then.  What's odd, is I never got an email that said "hey, your password was just changed.  If you didn't want that, let us know" .  I didn't find out until I couldn't log in anymore.

I agree, and by sharing it, it could also help other people to avoid it so no one will be ever a victim again of what happened to OP.

I'm glad that even what happened to OP he/she still trust the Bitcoin and not blaming the Bitcoin itself of what happened, it is already a lesson learned for OP.

Just as what you've read about those sources, everyone's thought about BTC is going to be the same. The majority of us here are very well optimistic about the approach to Bitcoin for its future potential. My personal view won't be that much and that's the same as the others. We're just going to hold it effortlessly and wait for the time to come. Mentioning my mistake in the past, I won't do that again because I've sold too early. So, you've got a good initiative there by ordering a trezor hardware wallet and that shows that you're ready to the game for the long term holding.

But don't forget to enjoy it as well and take some profits but make sure that you're already decided and won't have any regrets upon doing so. Set yourself some goals and be confident about bitcoin's future potential. Some have already mentioned that there's no way that they're going to have some thoughts of selling but no one knows what will happen in the future so for you, you just have to be ready for it.

The speculations that I have read is that we might see some good ending by this year but it's not the actual ending of this bull run. This is still going to be long run until 2025 so, set up your mind and keep accumulating as much as you can before we get those high prices that we've never seen before.

Thanks!  Yep, that's my original account!  I followed those instructions and sent an email from the account that it was first registered to upon creation.  We'll see what happens.

Welcome back OP

This account... right?
Sorry about the ordeal.

Recovering accounts is much easier lately. Please follow instructions in the link that was shared earlier on. Even if you don't have a staked Bitcoin address. You can still recover your account as long as you share as much detail as possible.

That being said. I recommend you to first get acquainted with what's going on (halving and ETF effects) and not to FOMO. We are already in a mid-bull run  

Optimism is one thing I have never let go of in my Bitcoin journey over the years a d this is because I believe that I can still be able to make some profit in Bitcoin as long as I still maintain a good position on my investment and hold as long as I possibly can so that I will be able to get the best off the Bitcoin exo system. As one who is returning into the Bitcoin space, one thing you shouldn't let go off is your optimism, it's one piller of your investing force, when ever you stop been optimistic, a whole lot gets to happen with your investment as panic and emotional stress could set in and affect how profitable you can be with your investment.

In the midst of your optimism, you should aswell try to making sure that your are not over leveraging so you know when best to exit and when best to enter especially if you get to add trading along side, also make sure to stay informed a d following the trends and happenings around Bitcoin so you don't get left out at any point.

The future of Bitcoin does look bright. I believe we are having a harsh momentum between June and July due to some recent news involving high flux of Bitcoins for sale in the market, but as soon as we get rid of such sales and investors absorb the supply of BTCs being dropped in the market, Bitcoin will recover its price once again towards a new ATH. By my experience, the final months of a halving year have been considerably good for our investments in Bitcoin.

I expect that from September or October on we start seeing some interesting fluctuations. It means there is still time to invest in Bitcoin, while it's still below the 60,000$ price mark. If my predictions are right, you have come back in time for the banquet.

My original account username was axel2078.  I had been on the forum for years, finally becoming a full member and then one day when I tried to log in, I couldn't anymore and I noticed someone else was posting using my account.  I sent a message to the mods right away, but they asked me to provide some kind of digital signing proof that the account was mine and I had no idea how to do that.  I wish I could provide something to you that would prove that I was the original owner, but I don't know what that could be aside from the email address that it was opened with.  Would I like to get my old account back? Sure, that would be great, but if it's not possible, I understand.

If you don't mind, would you like to share with the community some details about the hacked account? Maybe there could be some help on how to recover it for you.
 
With the details you provide, probably a wallet linked to the account or any other thing that could prove that you really own the account could give you a chance of getting it back, or you don't want the old account again?

If you care about getting your hacked account back you should try checking out this link How to recover hacked account

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.