Topic: Hold your bag when you can - page 6. (Read 1130 times)
This is nothing that wasn’t to be expected. Bitcoin goes up & bitcoin gods down, the only thing you can be sure of is bitcoin will, at some point in the not too far away future, go up again. Keep buying whilst the price is down, vast riches await the brave. It takes balls to buy & hold during bear markets but you will be rewarded for doing so.
A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago. Are you wondering the reason behind this sudden surge in the price?
It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."
It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."
I thought an investment is supposed to be an agreement between two parties in which the capital, interest rate and duration is discussed and unanimously agreed according to terms and conditions. Because what I see here is a clear intrude upon ones financial freedom, which is totally wrong, because what if the money in the bank was the only hope for the common citizens, how do the government intend such individuals to survive? And that's why I'm happy for Bitcoin as it gives us power to have control over our finances.
And for the other statement about Bitcoin falling back to either $1000 to $0, it will take the head of a Carmel to pass through the eye of a niddle for the price of Bitcoin to fall to such price again
A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago.
People who bought high are scared. Some love to exploit their feelings and making that kind of topics has the potential to convince them sell.
Also, while 1$ and "bitcoin is dead" are obvious FUD topics, questions whether the bottom is in or how long this bear market last are actually legit imho.
Are you wondering the reason behind this sudden surge in the price?
The current surge is not that big. It's nice, but fr from uncommon. So asking for reasons may not give correct answers.
It may be China problems (as you said), it can be end of bear market, it can be bull trap. We'll see.
take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can.
Always remember, not your key not your coin.
Always remember, not your key not your coin.
One can look into recent history and will see that some banks did take people's money in the past financial crisis. Bitcoin was created to fight that.
But people never learn. Greed (and poverty) make people risk big money to earn some more cents. Average people's financial knowledge is almost zero. And governments (and banks) exploit that at maximum. This is the world we're living in. So you're right: people should carefully hold their Bitcoin.
A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago. Are you wondering the reason behind this sudden surge in the price?
It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."
One who thinks bitcoin would go down to as low as $1 is one who isn't sure to own even a satoshi at all. We are so way past that and I think those having this thought should rather stick to fiat than hope for the impossible.It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."
Speaking of which, sometimes I wonder what laws do they stand on to confiscate someone's holdings at there facility and declare it for a purposes. This is some of the reasons the need for decentralized systems cannot be denied its place in our world today. The grip of centralized systems is terrifying on an average citizen as by just a snap of the fingers, one can be denied access to life's savings.
This also stretches to what length people might be doing it wrong in using CEX in the crypto world as it operates on same principles. If its not decentralized, your no good having large somes on it.
Are you wondering the reason behind this sudden surge in the price?
I don't think that news like this will make the price go up short term. Possibly it is going up long term and I agree with you that the banking system could fail at some point. Still the recent surge in price is more based on technical factors like the last bullrun ATH and such things. But lets see what the future in China brings, there are always many news from there.
This is like what the rumors(I call it rumors because it's not confirmed yet) am hearing that the government of my country wants to withdraw a certain amount of money from the bank account of each and every citizen of the country in order to settle the dept the country is owing other countries.
Upon the arrival of this rumor, many in the country have panicked and went ahead to withdraw all the money they had in their bank account to God knows where, I on the other hand have used all my fiat saving to by Bitcoin plus other promising coins and kept them in my private wallet, this is something I've learnt to do every day, week or month, depending on how I earn fiat money.
Governments and central banks through fiat have learnt to control their citizens and bring them under financial subjection and slavery, Bitcoin has come to show the way to Freedom, it's time we break free.
Upon the arrival of this rumor, many in the country have panicked and went ahead to withdraw all the money they had in their bank account to God knows where, I on the other hand have used all my fiat saving to by Bitcoin plus other promising coins and kept them in my private wallet, this is something I've learnt to do every day, week or month, depending on how I earn fiat money.
Governments and central banks through fiat have learnt to control their citizens and bring them under financial subjection and slavery, Bitcoin has come to show the way to Freedom, it's time we break free.
If your government still cares about debts while people all over the world are worried about what to eat the next day and if they do still have a job the next day, your government are still pretty much decent. But yeah they may get the money from your accounts.
You're still lucky because countries in EU today are all just thinking about sanctioning Russia without thinking if they could still run their cars after. Protests are everywhere not just in China. All Bitcoiners just need to do now is just hold what they have.
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This is like what the rumors(I call it rumors because it's not confirmed yet) am hearing that the government of my country wants to withdraw a certain amount of money from the bank account of each and every citizen of the country in order to settle the dept the country is owing other countries.
Upon the arrival of this rumor, many in the country have panicked and went ahead to withdraw all the money they had in their bank account to God knows where, I on the other hand have used all my fiat saving to by Bitcoin plus other promising coins and kept them in my private wallet, this is something I've learnt to do every day, week or month, depending on how I earn fiat money.
Governments and central banks through fiat have learnt to control their citizens and bring them under financial subjection and slavery, Bitcoin has come to show the way to Freedom, it's time we break free.
Upon the arrival of this rumor, many in the country have panicked and went ahead to withdraw all the money they had in their bank account to God knows where, I on the other hand have used all my fiat saving to by Bitcoin plus other promising coins and kept them in my private wallet, this is something I've learnt to do every day, week or month, depending on how I earn fiat money.
Governments and central banks through fiat have learnt to control their citizens and bring them under financial subjection and slavery, Bitcoin has come to show the way to Freedom, it's time we break free.
I was going to point out what happened to Celsius customer investment which is same scenario to the article that you share but crypto counter part until I notice the Not your keys not your coin word. I believe people should avoid centralized investment platform even if it’s bank or in crypto because same scenario can happened if you don’t hold the keys to the wallet that contain your investment even on DeFi. Holding is the best and trading only in DEX is the best way to play safe on this current market.
It's crazy when you realize that someone still thinks that bitcoin can go to $1 or even zero. Well, it's different these days and not the same anymore as before because bitcoin has gone far and despite being a very volatile asset, it's unlikely that it will go that low.
Think of those people that are waiting just to buy cheap bitcoin like around $10k down to $3k, there will be a massive buying order on exchanges if it's reached and even to $1k so thinking that it could be low as $1 or zero is totally crazy despite of that "possibility".
Think of those people that are waiting just to buy cheap bitcoin like around $10k down to $3k, there will be a massive buying order on exchanges if it's reached and even to $1k so thinking that it could be low as $1 or zero is totally crazy despite of that "possibility".
A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago. Are you wondering the reason behind this sudden surge in the price?
It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."
The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can.
Always remember, not your key not your coin.
It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."
The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can.
Always remember, not your key not your coin.
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