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Faisal2202

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Quote from: fuguebtc on November 23, 2024, 04:47:08 AM

If Bitcoin hits $1 million, Bitcoin's market cap will hit $21 trillion and surpass the market cap of gold, and that's a huge number indeed. We will need a lot of money to do that, it is not as easy to achieve as many people think.
But I think if the demand for bitcoin continues to be sustained and increases even more as the Trump administration pushes other governments to join the race to make bitcoin a strategic reserve. It is entirely possible that this would happen even during a Trump presidency.

Some people say altcoin season won't happen but I believe we will have altcoin season and if you notice old altcoins like XRP, ADA...have all increased x2 from the lowest. That signals an alt season is coming.
Although the altcoin market is quite chaotic, I think it is still possible to make 10x profit even with the top 30 altcoins, but be careful because altcoins are very risky and cannot be as safe as bitcoin.

You have raised a good point (market cap of 21 trillion) now BTC have a market cap not more then even 2 trillion, so it needs 11x (around). BTC have the potential to cross the Gold market cap and it can at least give Gold a strong competition and the kind of adoption we are seeing can really take it to new unexpected targets. 1 million is possible for how long, that's hard to say maybe for another 10 halvings or 11 halvings we won't see it's price touching 1 milllion what you think.

Trump's has did nothing yet, even he has not given the full power yet too, so with time we can say his presidency has done a lot of things because till now, few departments were made (only the plan) or Gary said I will resign, and DOGE pumped because he promised Elon DOGE department etc. More is yet to come so let's see and even his presidential period is not enough to move BTC toward 1 million target.

retreat

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I am grateful that I am one of the few people who believe in the potential of Bitcoin. Since the beginning I knew it I was sure that it would be big and would be adopted by many people, even when my friends said that Bitcoin was a scam and it would disappear over time, but I told them that Bitcoin was different from what they thought and it was not a ponzi scheme like they thought. But that's how humans are, they remained skeptical even when I told them that the price would increase later, but they didn't believe it, and so I didn't care anymore and even when they talk about Bitcoin now I just keep quiet and say what is necessary.

fuguebtc

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Quote from: Faisal2202 on November 22, 2024, 03:57:52 PM

Quote from: fuguebtc on November 14, 2024, 03:56:35 AM

Honestly, we have mined over 19 million bitcoins and there are not many bitcoins left to mine. Not to mention if you look at the outflows from ETFs, they are buying many times more bitcoin than the miners are mining every week. So I'm not bullish on the halving anymore and I think the bigger catalyst in this bull run is ETFs, governments and economic impacts rather than the halving.

As you can see week: 44 ETF bought over 20kBTC while bitcoin only mined 3kBTC.

I did not know the exact number of BTC bought by these ETFs and how much BTC was mined, these stats are really bullish, and the high adoption and decrease in the supply will surely take the price of 1 BTC to new heights, as I hear in one of the news that the author of Poor Dad and Rich Dad said BTC can touch millions per coin.

Although imagining that is just crazy for me, I don't have that much BTC, but from 100k, if it jumps to 1 Mil, which seems to be not far from the current adoption rate, I think we can make 10x, and that will surely take a lot of time while we can make 10x from any alt (the right one has to be chosen) in this alt season.

Thanks for these stats, these were helpful and refreshing.

If Bitcoin hits $1 million, Bitcoin's market cap will hit $21 trillion and surpass the market cap of gold, and that's a huge number indeed. We will need a lot of money to do that, it is not as easy to achieve as many people think.
But I think if the demand for bitcoin continues to be sustained and increases even more as the Trump administration pushes other governments to join the race to make bitcoin a strategic reserve. It is entirely possible that this would happen even during a Trump presidency.

Some people say altcoin season won't happen but I believe we will have altcoin season and if you notice old altcoins like XRP, ADA...have all increased x2 from the lowest. That signals an alt season is coming.
Although the altcoin market is quite chaotic, I think it is still possible to make 10x profit even with the top 30 altcoins, but be careful because altcoins are very risky and cannot be as safe as bitcoin.

Faisal2202

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Quote from: fuguebtc on November 14, 2024, 03:56:35 AM

Honestly, we have mined over 19 million bitcoins and there are not many bitcoins left to mine. Not to mention if you look at the outflows from ETFs, they are buying many times more bitcoin than the miners are mining every week. So I'm not bullish on the halving anymore and I think the bigger catalyst in this bull run is ETFs, governments and economic impacts rather than the halving.

As you can see week: 44 ETF bought over 20kBTC while bitcoin only mined 3kBTC.

I did not know the exact number of BTC bought by these ETFs and how much BTC was mined, these stats are really bullish, and the high adoption and decrease in the supply will surely take the price of 1 BTC to new heights, as I hear in one of the news that the author of Poor Dad and Rich Dad said BTC can touch millions per coin.

Although imagining that is just crazy for me, I don't have that much BTC, but from 100k, if it jumps to 1 Mil, which seems to be not far from the current adoption rate, I think we can make 10x, and that will surely take a lot of time while we can make 10x from any alt (the right one has to be chosen) in this alt season.

Thanks for these stats, these were helpful and refreshing.

Sonia_123

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Quote from: bigmanik on November 11, 2024, 03:28:05 AM

One of the things I love about bitcoin is how it proved most people around the world wrong
I came across this picture of someone who called Bitcoin a mess back in 2011, and it made me laugh
I really want to see his face now when he finds out that 1 of the mess is worth 80 thousand dollars
I'm really pained that I didn't invest in Bitcoin sooner, but I'm glad that I'm here now

Cheers to better days ahead for Bitcoin
And to prove more skeptic wrong

They never knew that Bitcoin will be well recognized by so many,
They never knew that Bitcoin is real,not a scam,
They never knew that Bitcoin price will be this high in price today,
They never new that Bitcoin will be an asset that everyone will want to have.
They will wish they had taken the first information about Bitcoin that got to them serious,and follow up rather than not believing or seeing it as false or scam,a lot of names where given to Bitcoin and discouragement to those that were interested, because but today,he who laugh last laughs best, we are now on top.

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yeah if they know they cannnnn Grin

Smartvirus

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Quote from: coolcoinz on November 18, 2024, 03:48:22 PM

Quote from: Bitcoinpro on November 16, 2024, 04:16:47 AM

Money is not everything, thats what you learnt if you started stacking in the early days.

That's right. What's important is family, memories, impact you have on other people's lives.
If you can turn your investment into that you've won.

I also happened to miss some opportunities. I sold some bitcoin during the 2017 and 2021 bull runs and if I held I'd be able to buy so much more with that, but I had a chance to do many other things thanks to that money. Got married, had children, bought cars, saw places I wouldn't be able to go to without a car, and I could go on and on here. The point is, if the guy who sold at $2 turned that into another business, or used that money to have fun, he did good.

You didn’t lose eventually, you gained values in another form. Family is no joke, having a wife, kid and acquired some property to make life come with some ease for you and the family, it’s why we invest for sure and your at least attaining these life goals.
Yeah, you might have spent some Bitcoin(s) of fragments of it that could have had more values if you did hodl but, when I look at the reasons for which it was spent, it actually agrees with the saying;

Money isn’t everything as, you have indeed transformed it to what money can’t actually buy and that is family.

Still, you should buy when you can if you can, it would still be a plus for the family.

coolcoinz

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Quote from: Bitcoinpro on November 16, 2024, 04:16:47 AM

Money is not everything, thats what you learnt if you started stacking in the early days.

That's right. What's important is family, memories, impact you have on other people's lives.
If you can turn your investment into that you've won.

I also happened to miss some opportunities. I sold some bitcoin during the 2017 and 2021 bull runs and if I held I'd be able to buy so much more with that, but I had a chance to do many other things thanks to that money. Got married, had children, bought cars, saw places I wouldn't be able to go to without a car, and I could go on and on here. The point is, if the guy who sold at $2 turned that into another business, or used that money to have fun, he did good.

jcojci

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Quote from: tread93 on November 17, 2024, 11:40:53 PM

Quote from: kryptqnick on November 11, 2024, 04:49:48 AM

When I was introduced to Bitcoin, I didn't believe in it either. I thought it was already suspiciously expensive (when the price was in the range of hundreds of dollars), and I didn't believe something purely digital could be considered real money and have real value. And that was years later than the guy in the tweet. It's understandable that it was a different time when it wasn't easy to believe in something so different from the rest of money and the rest of the asset market as well. What's important is to learn from mistakes. Both our own and those of others.

You know its funny for me at first when someone told me about bitcoin and I heard about it it sounded like a great opportunity. The second time I read about it and to me it looked like a scam. The 3rd time people were talking about it on the news and I was extremely intrigued. I am now wondering how the medium of learning affects perception because me hearing someone talk about it initially I was all for it. Reading about it from some dude on facebook in messenger linking an article in a group chat setting where he was ridiculed by others about it almost instantly also made me skeptical. But the last time in 2017 when I was hearing it on the news is when it finally stuck with me. Pretty much every since then I have been a student of Bitcoin.

That was happen to other people when they were introduced Bitcoin to them. They will not interesting with Bitcoin and abandon while after they see the news about the increasing of Bitcoin price, they still not want to open their minds. That still happen today where people see many good news about Bitcoin and they thinks that someday Bitcoin will scam those people if they are trying to use Bitcoin. We can only let them see what will happen in the future because we are the lucky people who already knew Bitcoin from a long time ago and have a chance to accumulate more Bitcoin. We don't have to thinks about them and enjoy our ride in Bitcoin and make a profit from Bitcoin.

tread93

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Quote from: kryptqnick on November 11, 2024, 04:49:48 AM

When I was introduced to Bitcoin, I didn't believe in it either. I thought it was already suspiciously expensive (when the price was in the range of hundreds of dollars), and I didn't believe something purely digital could be considered real money and have real value. And that was years later than the guy in the tweet. It's understandable that it was a different time when it wasn't easy to believe in something so different from the rest of money and the rest of the asset market as well. What's important is to learn from mistakes. Both our own and those of others.

You know its funny for me at first when someone told me about bitcoin and I heard about it it sounded like a great opportunity. The second time I read about it and to me it looked like a scam. The 3rd time people were talking about it on the news and I was extremely intrigued. I am now wondering how the medium of learning affects perception because me hearing someone talk about it initially I was all for it. Reading about it from some dude on facebook in messenger linking an article in a group chat setting where he was ridiculed by others about it almost instantly also made me skeptical. But the last time in 2017 when I was hearing it on the news is when it finally stuck with me. Pretty much every since then I have been a student of Bitcoin.

lizarder

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Quote from: SamReomo on November 17, 2024, 01:21:35 AM

For some people who already have huge amounts of money, they doesn't give it much importance but for someone who barely survives even after living a frugal lifestyle, then for such person money is everything

People who have a lot of money never care about expenses because they really have enough money to use. But for people who are not so stable income, they will care enough to save money because if it is not done, their lives will not go well to meet the needs of life.

Quote from: SamReomo on November 17, 2024, 01:21:35 AM

Seems like you're someone who bought Bitcoin in its early days and that might be the reason why you're saying something like that. It's money, and that's the reason why majority are into Bitcoin.

If we care about the future, it is necessary to think of ways to protect the value of money we have and Bitcoin is one way that can be used by most people to protect values. Bitcoin has progressed rapidly even though initially most people doubt but the journey until now Bitcoin has provided certainty. When we care about money, Bitcoin is one of the best investments that can be utilized because Bitcoin can provide maximum benefits in accordance with our ability to undergo investment.

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Quote from: Bitcoinpro on November 16, 2024, 04:16:47 AM

Money is not everything, thats what you learnt if you started stacking in the early days.

For some people who already have huge amounts of money, they doesn't give it much importance but for someone who barely survives even after living a frugal lifestyle, then for such person money is everything.

Seems like you're someone who bought Bitcoin in its early days and that might be the reason why you're saying something like that. It's money, and that's the reason why majority are into Bitcoin.

famososMuertos

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OP: I don't know why these kinds of ideas or memories about certain specific cases bring so much ink, bitcoin is where it is not because of those who distrusted it but because of those who trusted it, so the value is there... thinking about those who refused to understand bitcoin, simply is relative to the reason they had, let's toast to those of us who are here, no matter what time we arrived, the important thing is to be here... the year and the amount is only circumstantial.

Swordsoffreedom

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Quote from: Mpamaegbu on November 16, 2024, 05:44:02 AM

Quote from: Text on November 11, 2024, 04:16:04 AM

Yeah, it's crazy how things change, isn't it? I bet that person is kicking themselves now! It's a good reminder to keep an open mind and not dismiss new ideas too quickly.

It's wild to look back and see how far Bitcoin has come. I remember those early days too. It's inspiring to think about the potential for the future. Here's to hoping for continued growth and adoption!

It's not just limited to Bitcoin, it's the same with most cryptos in the market right now. Some of them have the capacity to make us wealthy forever. The question is, can we have the patience of long-suffering, to wait it out from now till they get better ROI? Whenever I see BNB, I remember how I missed out on its great run seeing what it's doing now as against when I sold mine in 2018 or so. My mistake was never buying back even when I waited till it got to $30 in 2021. I'm cocksure some of the alts we hodl now with low caps will do a lot of multiples in price in future. Sadly, we may not know them and we're likely to sell cheap now at a little rise.

I don't think many people would agree with what you say. The funny thing is that most of them advise people to be open and accepting of new things so as not to miss out on the opportunity like those who missed out on bitcoin in the past. But when it comes to altcoins they ignore them and say they are just trash, not worth investing in and bitcoin is the only investment. Many people say they are open to new things but they ignore alts and stick to bitcoin only, which makes me quite confused with their concept of openness.

But I agree with you because I also invest in altcoin and I believe it will give better returns than bitcoin although the risk will be greater. We should realize that we are here to make money and take care of life, we are not here to worship or follow any sect. So be open and don't miss any money making opportunities if we have the chance to grab it.

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Quote from: bigmanik on November 11, 2024, 03:28:05 AM

Cheers to better days ahead for Bitcoin
And to prove more skeptic wrong

If only we can turn back the hands of time, I'm sure that most of us will change many decisions that we've made in the past, but there's nothing we can do about spilled milk. Frankly I was also skeptical about Bitcoin then, I never imagined that it'll be what it is today, if I had known I would've used my whole savings to buy it. But the good news for us that are knowledgeable about it today is that in the next 14 years, hopefully some skeptics today will likewise wish that they bought 1 BTC at $80k. Bitcoin has proven to be a store of value and no matter how low it's price dips, it has the potentials to rally and always hit ATH.

Mpamaegbu

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Quote from: Text on November 11, 2024, 04:16:04 AM

Yeah, it's crazy how things change, isn't it? I bet that person is kicking themselves now! It's a good reminder to keep an open mind and not dismiss new ideas too quickly.

It's wild to look back and see how far Bitcoin has come. I remember those early days too. It's inspiring to think about the potential for the future. Here's to hoping for continued growth and adoption!

It's not just limited to Bitcoin, it's the same with most cryptos in the market right now. Some of them have the capacity to make us wealthy forever. The question is, can we have the patience of long-suffering, to wait it out from now till they get better ROI? Whenever I see BNB, I remember how I missed out on its great run seeing what it's doing now as against when I sold mine in 2018 or so. My mistake was never buying back even when I waited till it got to $30 in 2021. I'm cocksure some of the alts we hodl now with low caps will do a lot of multiples in price in future. Sadly, we may not know them and we're likely to sell cheap now at a little rise.

shield132

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Quote from: bigmanik on November 11, 2024, 03:28:05 AM

One of the things I love about bitcoin is how it proved most people around the world wrong
I came across this picture of someone who called Bitcoin a mess back in 2011, and it made me laugh
I really want to see his face now when he finds out that 1 of the mess is worth 80 thousand dollars
I'm really pained that I didn't invest in Bitcoin sooner, but I'm glad that I'm here now

Cheers to better days ahead for Bitcoin
And to prove more skeptic wrong

I think it's wrong to blame people for their wrong opinions in 2011. No one really knew that Bitcoin would be a revolutionary and everyone was sceptical. If you remember, people were also skeptical about computers but today computer does every necessary job and life without it is impossible to imagine. I remember in 2016 when people were predicting 10K and 20K USD prices for Bitcoin, how many of us were calling them crazy.

I can't blame them because when I had Bitcoins in 2016, I sold them immediately at $1000 because I thought that it was a pinnacle of it. Now I'm here sitting with 10x less Bitcoins than I could. Today I blame myself for spending Bitcoins like it was nothing.
Btw we can't change the past, we made mistakes and we should learn from these mistakes. I learnt from my mistakes in 2017 and since 2018-19, I try to hold as much Bitcoins as possible.

Iranus

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Quote from: Mame89 on November 16, 2024, 04:52:30 AM

In the past, there were indeed many skeptics about bitcoin, maybe if we were in the same era we might think the same thing. Moreover, at that time bitcoin was not like it is now and those who doubted its future, so it is natural for some people to say things like that.

I also believe that if it were us, we would have done the same thing, sold our bitcoins because investing in bitcoin at that time was not the same as it is now. Everything is vague, unclear and uncertain, so we cannot help but doubt or fear.

Quote from: Mame89 on November 16, 2024, 04:52:30 AM

However, it would be better before making such statements, it would be better to first research why bitcoin was created and how unique bitcoin is that it has the potential to become a future asset, finally realizing that bitcoin will become a rare asset in the future.

The future is unpredictable, even satoshi at that time did not dare to confirm anything, so no matter how much we researched bitcoin, we were always skeptical at that time. It is human nature to be skeptical about new things.

Quote from: Mame89 on November 16, 2024, 04:52:30 AM

If we talk about regret, maybe almost all past investors have felt that regret, why didn't we invest in bitcoin a long time ago. However, with that regret or from the regrets of others, we can learn not to underestimate something new that we don't understand properly and know that investing in bitcoin is never too late, so start investing in bitcoin.

Yes, we should take it as a lesson for ourselves instead of laughing at them because as you said, if we were them, we would do the same. Stories about selling bitcoin early or using 10kBTC to buy 2 pizzas are lessons for us, not stories to laugh at and ridicule.

Mame89

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In the past, there were indeed many skeptics about bitcoin, maybe if we were in the same era we might think the same thing. Moreover, at that time bitcoin was not like it is now and those who doubted its future, so it is natural for some people to say things like that. However, it would be better before making such statements, it would be better to first research why bitcoin was created and how unique bitcoin is that it has the potential to become a future asset, finally realizing that bitcoin will become a rare asset in the future.

If we talk about regret, maybe almost all past investors have felt that regret, why didn't we invest in bitcoin a long time ago. However, with that regret or from the regrets of others, we can learn not to underestimate something new that we don't understand properly and know that investing in bitcoin is never too late, so start investing in bitcoin.

Bitcoinpro

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Money is not everything, thats what you learnt if you started stacking in the early days.

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