Topic: It's hard to admit, but I was wrong about Bitcoin (Read 594 times)

Yes, that's right. When bitcoin was first introduced, many were skeptical about the future of bitcoin and now those who were skeptical now have to regret it. Likewise now many are still skeptical about bitcoin because they do not really understand bitcoin technology well. So make the best decision for bitcoin so you don't regret it later.

Sure, many regret investing in btc now, but what needs to be known is that it is never too late to start entering the blockchain world. I believe what people here say about fiat money will disappear and be replaced by blockchain transactions is real and certain even though there are currently those who do not believe it but try to open your mind again now many countries are starting to be interested in adopting bitcoin. Investing in bitcoin does not require much strategy you also hold it until your target is achieved. don't forget to do DYOR.

They have disregarded the community of crypto, they ignored what we have been through especially the technology behind bitcoin. If you've at least checked what's behind the cryptocurrency, how good the blockchain itself, you will clearly get invested how these things work.

The community is organically growing from just a small community like this one forum, it's not a cult or whatsoever that we believe on something that is non-sensical. So, if they haven't really believed from the beginning and have regrets ignoring btc, I think at some point, the person is at fault. If you're targeting financial freedom, I know crypto is one of the suggested and recommended assets but with risks.

Well, it's not too late for those skeptics and pessimistic folks that have bashed Bitcoin for a long time. The market is open and everyone can join for as long as they want to be. There's no need to remain into the dark side when it's too obvious that our best bet, Bitcoin, is doing it. Those financial experts and the wealthy ones that have said a lot of bad things about Bitcoin are now obvious as well that they've just done that for the sake of clout and sending panic to people so they'd sell and make the price cheaper and so they can take all of those.

At least some people are admitting it, others continue to tell their tale of how Bitcoin is a bubble about to burst. Remember this, they'll be shouting at the first market crash that's going to happen in the future, yapping about how right they were and it's going down. I also admit I was wrong, I underestimated its capabilities, doubting that it would surpass $100,000 within 2024. It seemed so distant, and I would expect it to happen anywhere in 2025 or early 2026. Even Trump changed his views, even though I don't recall openly admitting he was wrong in the first place.

Many theories are actually wrong now especially by hailing Trump for being considered successful in lifting bitcoin to this point when in the end even though he did create a bubble with his political promises to get elected but in the end the movement of bitcoin whether or not Trump is here will still be the same as usual and I don't think it's too ethical to make Trump like a meritorious person to lift bitcoin when we know that in the end he is just one of a handful of people who make bitcoin a hype and fomo for the people around him especially for those who only follow just because the leader is in crypto especially bitcoin.

Indeed, we must admit that the Trump effect affects but in the end this is only a small part of the bitcoin movement because what needs to be considered in this case is the presence or absence of Trump in bitcoin in the end bitcoin will still move according to what we believe for this period.

I love the fact that he accepts he's wrong and he's able to day it out
It takes a real man to do that
But besides that, I still feel he has not totally grasped what bitcoin is capable of
According to his post, he is trying to say that bitcoins' growth is due to trump
I understand trump played a significant role in the exponential growth of Bitcoin, but the fact still remains that Bitcoin would have still hit a 100k. Although it would have taken longer but it was inevitable

And until he can understand this, he won't fully understand Bitcoin

The time bitcoin was introduced, so many persons doesn't know that bitcoin investment is good and thats why they kicked against bitcoin, so at this time you don't need to study bitcoin before you hold bitcoin, because once you purchase bitcoin and hold it for long time you will surely make once bitcoin rise, what you will learn concerning bitcoin is when you develop the interest on trading, it's trading that will make you to learn more, but holding of bitcoin doesn't require you to learn the potentials or not, because two factors is involved in holding of bitcoin, neither you hold bitcoin so that when it appreciate then you make profit.

I think we all know a guy like your coworker. A female friend once tried to assure me that bitcoin, crypto and any trading in general is a scam and ordinary people can't profit off it. A couple of years prior, I made 3x with bitcoin.
I admire you. Your retirement is a reward for your curiosity about bitcoin, crypto and technology and general. Many people would like to be in your place, including me.

More & more of these mainstream media & traditional finance people will have to admit they were wrong & worship at the altar of the apex predator of financial instruments aka Bitcoin soon enough. It’s never too late for anybody to admit they were wrong to doubt Bitcoin & begin to start buying. Plenty will double down & deny themselves financial freedom by rejecting Bitcoin though. You can’t save everybody unfortunately.

I guess these misconceptions against Bitcoin will subside now.Bitcoin is no Ponzi scheme and it's often marketed and referred to as a PONZI SCHEME.Same Coin experience that has literally been on and on for several years ago and today it's still retains and it's retaining the most influential and recorded most used cryptocurrency around the globe.

It all depends on your home citizenship. For example, U.S. citizens are obligated to report and pay taxes on their worldwide income.

You would need to consult a good financial advisor to determine if this could be legally bypassed without renouncing U.S. citizenship.

As for the requirements: you need to spend at least 6 months + 1 day per year in Monaco (not necessarily consecutively), deposit €500,000 in a local bank, and obtain a "Carte de Séjour," which is similar to a green card.

I've been to Monaco several times. It's nice, but in my opinion, not nice enough to spend so much time there. However, if you’re determined to avoid taxes, well, that’s one of the options.

Currently, I choose to pay taxes in my home country and enjoy the freedom to go wherever I want. I would only consider this option if my home country created problems for me, such as insisting I disclose my wealth or accusing me of involvement in a money-laundering scheme.

Of course, zero tax is not entirely accurate, as you pay a lot to live there. However, if you have substantial wealth, it is certainly worth it.

/Over&Out.

Actually this is something a very basic thing for those new people to at least know that there's no such fundamentals or things that in relation to this will really be that a solid factor or reason on why Bitcoin had increased its price. Everything is really that because of the recognition and adoption on why these prices are moving upwards but we do know that it isnt really that a smooth sail ride when it comes on breaking new all time highs.
Regrets do always come at the end and not on the beginning on which those initial thoughts on which we do think that we are right but ending up on having those missed opportunities just because we do follow our intuition on which i could say that it isnt really that bad either. When taking up opportunities then risks will really be always that a part of it and if you are someone whose really that afraid on taking up some risks
and wanted to play on the safer side(not actually safe) then it will really be just that depending on you. We all do make mistakes or simply cant be perfect and this is why we do missed out opportunities
but doesnt mean that you cant be able to make investment as of this moment. There's no such thing about being late or we do have that saying that its better to be late than never.  

I see that you have prepared well - so even though I am at least somewhat familiar with various "tricks" to avoid paying taxes when it comes to cryptocurrencies - specifically if I have, say, 10 BTC and I can't/don't want to prove their origin, theoretically it could be solved with a stay in Monaco or a similar destination for how long?

Of course, there's always the option of "holidaying" in El Salvador, but I'm not really one of those who's crazy about surfing and similar things.

If Trump isn't the catalyst, then what's causing bitcoin's price to rise so quickly? Also, bitcoin wasn't the only asset that surged in price following his victory. The US stock market also increased very well because they also put their faith and expectations in Trump's victory. They believe that the national and world economies will be better under his leadership, so his election has created positive market sentiment.


There is no denying that bitcoin investors contributed to Trump's victory because every vote is a chance for Trump to win. But you need to know that not all voters are bitcoin investors and US citizens care about many other issues besides bitcoin. They voted for him because of immigration, taxes, inflation, war...Bitcoin was not a major factor in the election.


Bitcoin broke its ATH and surged to $73k before the halving, showing that the halving is no longer the sole factor determining Bitcoin's price increase.

My plan is to actually never stop working, it's just that I would be working on whatever I want to do, instead of having to do something that someone else thinks its relevant.

Actually, many times I think that the startups are crazy and have no future, but as long as they have money to pay for me, I'll be happy to help them as much as I can 

Hopefully for not too long!, counting the days!

Do you have side hustles in the meantime or do you just chill for now?
Curious to know what people do after staying on the good side of the story  

That's great.

I think it's good that you mentioned Bitcoin to people, it doesn't matter what they did with that information.

Most people will probably ignore it and never do anything with it, but it is better to have shared the information than just keeping it to yourself.

A lot of people were not sure about Bitcoin so they never said anything about it.

I think the more people talk about it the more wealthy people will be generated over time.

I never had to show any of my wallets, but I have one prepared in case they ask.  

1. Send XMR from the main wallet to a proxy wallet.  
2. Send XMR from the proxy wallet to an exchange (whichever one you choose).  
3. Sell.  

If the exchange or your tax office requests details, you provide them with the view key or printouts of the proxy wallet.  

Source: Mining in the early days. You’ve transferred coins from your old wallets to this new one for security reasons.  

If they want to accuse you of a crime, they’ll need to produce evidence.
They cannot force you to reveal your other wallets-you might not remember them, or you might reveal them one by one when you decide to sell, each containing only 5 XMR. You get the idea.  

This strategy, of course, only works with Monero. Other projects are complete failures when it comes to privacy and fungibility.  

In the worst-case scenario, if you have a significant amount and your tax office causes trouble, you can take an extended vacation in Monaco and pay 0% tax on your gains.  

If you hold a large amount and they cannot seize or even see it, they will always lose. Just hire the best lawyer in town and watch them crumble-I’ve already done this in different cases.  

Everything I’ve written here aligns with the law, even if it doesn’t align with their greedy, unscrupulous intentions.  

If you use a transparent asset, they can impose a penalty as severe as your holdings, and then it’s GAME OVER!  



Only Monero provides true freedom, which is why governments fight against it and promote Bitcoin-it gives them absolute power over you.

/Over&Out.

Ha!

The guy at work who laughed at me for buying BTC back in 2012 is still working.

I retired early two years ago as a direct result of my BTC holdings.

I feel offended when people completely give credit to Trump regarding the new ATH for Bitcoin

There is something this guy still needs to understand regarding Bitcoin before he goes around creating a buzz on the internet. Bitcoin supported Trump to win the election not the other way round. It was a result of the majority who wanted to see the progress of Bitcoin based on the political promises that made them support Trump.

In the short term his impact was felt after he won, but with or without him the price was literally going to see a significant rise due to its cycle (halving period).

However, a lot of encouragement for whales and new bitcoiners came as a result of Trump's wins

The old Warren Buffet still not talking anything about Bitcoin, why there are no reporters that ask him instead of discussing about the stock he sold.

It seems he's hard to accept that he was wrong, that's why he hide himself and probably comes to public when Bitcoin in bear season. Neverthless, we know that Bitcoin is stand regardless what other people say including those popular figures.

I am not against being a sceptic about anything, if you really want to be curious and doubtful at the same time that's fine, but be open minded about all the potential, there is no other way at all. We need to realize that this is going to be a tough deal and you can't just get out of this with "no it will not go up", you have to say "maybe it will, maybe it won't" and I would totally understand people not having the courage to invest when it was lower as well, plenty of people didn't.

But saying that it won't go up, and then seeing it go up, means that he was dead wrong and that's what makes him admitting now that he was wrong about bitcoin. This is going to be a tough situation for many people to accept but it's the reality.

With each new BTC-cycle this is repeated anew. People learn absolutely nothing. From cycle to cycle.

He turned out to be a lousy market analyst.

Well, this guy probably got it right with that prediction. I'm also inclined to be skeptical that bitcoin will become the money of the future (this will not prevent the price from going up), because CBDC is being prepared to take its place.

What's the point of regretting now? You should have bought it. Or even bought it now, so you don't regret it again in the future.

From cycle to cycle, you only hear their next regret.
Well, finally this guy had a revelation. Although he could have waited a couple more BTC-cycles to figure out what was going on.

Better to realize it late than never, Tony Saicamou is an example of someone who jumped to conclusions too quickly without first trying to find out more information about Bitcoin. He is not the only one who regrets that Bitcoin did not have a bright future, now that they can no longer go back in time to buy Bitcoin at the price it was trading at 2 years ago. I don't know what was going through his head at that time, but because of that statement he threw away a golden opportunity to gain multiple profits. However, he should learn from the experience. He still has a chance to profit from Bitcoin investment because the Bullish Trend has just started.

There are many people who may have the same fate and even dare to make a short video saying that bitcoin will not be the best in the future, but now they can see how bitcoin can show something else from the negative thoughts they previously expressed. Even if we say that the rise of bitcoin is entirely influenced by Trump's victory and I don't think it is an indicator at all because there are indeed many other factors such as the cycle that is reached at the stage of the increase as we see.

With the evidence that has been presented, we don't need to give any arguments to such people because they can see for themselves how the price jump can go beyond their current thinking. Welding or not will not affect them and if they still think narrowly they will always be in regret.

First you buy something without KYC and without the state even knowing you bought it - and then you sell the same thing (I don't know how) and pay taxes? To pay taxes, you probably have to show them proof of incoming and outgoing transactions, which then completely nullifies any anonymity you achieve in the first step.

That's why we need to understand that BTC is there to stay and its ideals that it upholds too - nothing to worry or mourn about.
Anyone can still get into it, learn about it, and, after that - invest in it.

The beauty of Bitcoin is that it doesn't care about the opinions of people.

It's a protocol. It just works, independent of any whims of a CEO of a company.

Companies come and go, but Bitcoin will continue generating blocks, roughly every 10 minutes, until the last satoshi is generated to the lucky last miner.

And Bitcoin will continue to be more and more scarce.

The Bitcoin price skyrocketed just because a Trump won the presidential election. If Harris won the election, we wouldn't see a 98K USD Bitcoin price anytime soon. The financial markets are heavily influenced by politics. This is the sad truth. This guy claims that he was wrong about Bitcoin only because the BTC price hit 98K USD. If the price was still in the 50K-58K area he would most likely have a different opinion.
The human civilization seems more and more like a joke to me. Maybe we are heading towards the end. A banana got sold for more than six million dollars. Justin Sun bought it. Isn't this a joke?

I have huge respect for people who can admit they were wrong. It’s really not too late. I mean, yeah, it would have been a lot better if they believed bitcoin back then and bought it. If they had done that, they would have been reaping huge rewards by now.

But it is what it is and no point in dwelling in the past so instead my advice for them is to wait for a correction and buy and wait again until bitcoin starts to surge before taking profits. Now that they have made peace with the fact that they were wrong, I would assume they now have learned their lesson.

It is never too late to get into Bitcoin.

But what stops many people is the thinking: "Oh well its already at the ATH, it won't go higher and will probably drop soon". And then it goes higher and they regret, once again, not investing.

I have made that mistake many times in my newbie days and I will not repeat it.

Bitcoin is a valuable investment at any price.

I know that on July 12, 2019, Donald Trump said on Twitter that he is not a fan of Bitcoin and crypto. He was not a fan of Bitcoin because he thought that their prices were very volatile, He even compared crypto assets to drug dealing and other illegal activities. But now he has become a bitcoin fan again. He may now realize that the statements he made earlier were wrong and he has been proven wrong so that the decision he has taken now is right for him. Maybe that's why many Bitcoin haters who previously declared that they are not Bitcoin fans have now become Bitcoin fans after seeing the rise in Bitcoin price.

I agree that the US election sparked the market, and Bitcoin has skyrocketed. But I believe Bitcoin will still reach this price regardless of who wins the election. Bitcoin will probably take a couple more months before it hits a hundred thousand dollars, but I am certain that we will hit that price. Didn’t Bitcoin break its previous all-time high before the election?

The haters were proved wrong previously, and they will be proved wrong again. If you don't know, Donald Trump was a hater of Bitcoin, and he posted a negative tweet a couple of years ago. But he has turned into a Bitcoin supporter these days. This could be an example of how Haters turn into Fans.

Everything the government sees can be seized, especially during times of war, as my family has already experienced with land being taken away.

Bitcoin is transparent. If you don't give them your coins (and they will pursue them), they will simply put them on a blacklist (tainted coins). You can't claim a 'boating accident' with Bitcoin. If those bitcoins move, you will be the first to be investigated and anyone trying to use them prosecuted along with exchange account frozen.

The upcoming tax on unrealized gains, which is already on the horizon in many countries, will create a nightmare for anyone holding a transparent asset.

This is why I have chosen Monero for my holdings. I feel much safer when the government does not know how much I have (and I didn’t acquire it on a KYC exchange).

They only know how much I sold in a given year, and from that, I pay taxes.

/Over&Out.

Those people still do not understand the potential of bitcoin, they just see its value going up and they lament not having any so they can enrich themselves this way, what they do not get is that if bitcoin is going up in value in this way is not only because the hype, bitcoin is becoming more valuable as the world is facing crises from all directions, with the very real possibility of WWIII happening soon and the awful implications this could bring, so many people are looking for ways to protect their wealth and they are choosing bitcoin as the best asset to do this.

Such people will never understand how valuable cryptocurrency is and will be in the future. No one is actually a predictor of the future, it just depends on how you decide to take risk and become rich. Alot of people commonized Bitcoin back then, calling it all sort of names like scam and trash. But right now they are all running up hill to hop on the btc train and ride to the moon. Bitcoin unlike every other coin is the king and has showed us in many ways that we can trust in it. It's going to make big difference in the future as we will see more global adoption and bigger bodies buying in bulk. I've always had this date that Bitcoin would prove it self worthy.

I adore those people who actually admit their wrong beliefs or point of views into something. It only proves that whatever their skill or field of specialization is, everyone can still be deceived with lies and wrong information.

But you know what, there’s still rooms to correct your mistakes and make it right. Invest in bitcoin now, not to impress us, but to prove to yourself that you don’t let you mistake or wrong thinking deprived you from not investing into bitcoin. In the end, the choice is yours to decide. This message is actually for Tony, if ever he’ll read it, not for OP.

Those who don't invest in Bitcoin from a long time ago will regret their decision especially when they see how Bitcoin price now. They will see that they underestimate Bitcoin without trying to research and learning more about Bitcoin so they are not participate in the next bull run. Bitcoin rise when the time comes and it will happen soon so they must change their mindset immediately and start to buy Bitcoin. They are not too late to realize that Bitcoin can be the future of money after what happen so far. So if they realize that they are completely wrong and start to invest in Bitcoin, they are doing a good thing. But everything will be back to them because that will be their decision.

The 70k ATH was already topped in March, and then several times later. March was before the halving.

Halvings themselves aren't that important (the April 2024 halving reduced supply inflation from 1,6% to 0,8% per year). What's important though is that Bitcoin's supply inflation thanks to past halvings (i.e. the halving schedule) is already very low, and thus a rise of demand will be reflected in its price.


Yes and no.

Short-time price movements can be triggered by news. The COVID crash and the Trump victory, but also the dip triggered by fears related to "MtGox" and "Germany" in August are examples. Bitcoin's price is immerse in an attention economy, where buyers and sellers will come and go, and they are definitely triggered by news in some cases. It would be too much of a coincidence that the ATH push over $73600 occurred just in a moment in the US election night when the incoming results slowly but very steadily hinted at a Trump victory.

But I agree that the general uptrend is indeed a simple function of Bitcoin's relatively static supply and a growing demand and network effect. I only dispute the mid-term influence of halvings themselves (after 2016).

We should expect more people like this to join the Bitcoin community. The good news is that it's never too late to invest in Bitcoin. Many people who are suddenly interested in Bitcoin now are doing so with the mindset that it will help them get rich quickly. While they may not be wrong, their investment plan will determine whether their investment is profitable or not. With the wrong mindset, they could still regret their decision, even after investing in Bitcoin. Focusing solely on price surges shouldn’t be their only strategy. It would be in their best interest to gain sufficient knowledge about Bitcoin before rushing to invest

What you, him and many other fail miserably to understand is that it doesn't matter if price of Bitcoin is 1 cent or 1 million USD, it's still not suitable as Money.

Too high fees of transacting
Too slow (max. 7 tx/s) due to fixed small block size.
Not fungible

This are the main but not the only problems Bitcoin has but no body cares because "prices goes up" of this Tether pumped bubble of greater fool.

If When Tether collapses, you will recognize Bitcoin for what it has to offer, and it's not much.

Bitcoin is a proof of concept project that got out of control, it has too many bottlenecks to be used as money.

Meh, took them a bit too long to admit that. Still, I think he's talking more about the price (which he seems to think translate to lifespan) and not really Bitcoin being, well, a decentralized option for a currency? Well, I
guess if you start changing your mind because of the price increase then that is kind of reasonable, but still, would've been a lot better to realize and understand how Bitcoin would last just because of how it works.
Granted I was the same, but more of an ignorance at the first time. Used to laugh at it at a scam really .

Most of us were once wrong about Bitcoin, we called it many names in it's early days, like Ponzi scheme, today we know better. So anybody that is realizing what we've seen some years back and believed in the potentials of Bitcoin as a store of value is welcome to join the hodl. Bitcoin is about 15 years since it's creation and it's adoption has increased tremendously and it's still increasing everyday so we should expect more Bitcoin critics to turn around and become believers like us. People will still deny that Bitcoin is changing the naretive of financial transactions globally and is one of the most valuable assets in this age, but it won't stop what the reality is, Bitcoin is a reputable asset.

Ten years ago, it's 2014 when Bitcoin was only five years old and it's Mt.Gox year too.

Mt.Gox, the history of a failed Bitcoin exchange. After 10 years, many things change and if we take Bitcoin halvings into consideration, 2013 is 1 year after a first halving, and perhaps it takes Michael Saylor one or up to two more Bitcoin halvings in 2016 and 2020, before he changed his mind on Bitcoin and invested money in Bitcoin.

With time, Bitcoin becomes stronger and can change many people.

I, myself was also wrong with bitcoin before. The only difference is that I chose to study and eventually learn the potentials of bitcoin, so it’s not surprising why we are seeing its price going to the moon currently. However, this is not the end for him, nor his opportunities to enter bitcoin investment. As long as he isn’t in a rush for profits, he will definitely gain success after years of investing patiently.

The more time passes - the more confidence there is for BTC.
It's both good and a bit bad because big fellas start to look at it with.. bigger interest, to say the least.
And we all know how things end up when big capital flows without ending in something.

Tough, but at least he admitted it. He’s not the only one who doubted Bitcoin, plenty of CEOs of a financial institutions were skeptical too in the past. But as time went on, and Bitcoin kept proving them wrong, many of them eventually came around and started investing in it.

Maybe stories like this can inspire those who are still doubtful today. It’s a reminder that even skeptics can change their minds once they see the potential. Bitcoin has a way of turning doubt into belief!

Ten years ago, Michael Saylor worried Bitcoin might fail

now this company lead by Michael Saylor is holding bitcoins dollars worth of bitcoin and still continuesly accumulating.

Anyone who invests in Bitcoin just because someone became the president of a country or because Bitcoin was declared legal tender somewhere has understood nothing and will have almost nothing to gain from changing their mind. People who don't think for themselves and wait for what the politicians tell them are nothing more than ordinary sheep who go where they are directed, even if that means going into the abyss.

Those who figured out BTC 10+ years ago really have no need to depend on any political clowns and characters fantasizing about dust on Mars. We achieved our goal in that game long before them, and there's no way they'll ever beat us.

You are right.
I should have said BTC community in that case, truly, because that's what I thought for myself, but didn't think about it in that perspective.
Thanks for your feedback.

There is never a wrong time to learn something you are willing to.
Either BTC or something else, there is always a chance.
So, yep - the train won't stop anytime soon, BTC is the coin that's going to be the flagship of the crypto and its community will be the one to trust, truly.

We can surely say that it will rise, correct itself, and do it again, and again - but when exactly - yeah, that's a volatile nature for it for you.
Though in my opinion, we would see the drop in the price after some mark, $100K+, of course.

They won't admit their mistake until they see that they already left behind by many opportunities they choose to ignore before. Its repent time for them because they know how crazy they are for playing fool around and ignore bitcoin before. Now this kind of people would struggle to find how to enter because then again they afraid to find good position to enter since what they think bitcoin is expensive since they only have limited knowledge about it.

So this is lesson need to learn by lots of people that they should never act the same as these people did since there would be a time that they would also regret their decision on why they didn't acquire bitcoin at what they think early stage before.

For sure there's more room to grow for bitcoin and those entities that continue to doubt about it will remain like that and those people  who believe on bitcoin will experience great growth especially that bitcoin potential doesn't stop there.

I think this just proves that the bull run is on because we’re already hearing those regret stories about missing the ride to the moon. That’s pretty normal, there’s no “what ifs” in Bitcoin investing. It’s all about taking risks, and only those who were brave enough to believe in Bitcoin are reaping the rewards now.

For that guy, though, I’d say he’s forgiven, he can still jump in now, but my advice is simple: don’t FOMO. There’s always a better strategy than chasing the hype, so stay smart, and there’s still time to ride the hype.

If you have been following or witnessed past bitcoin circles you'll understand that comments of this nature it's not new at this period that bitcoin is making some record highs. But good a thing to see how bitcoin continually create and break more record highs with each passing circle to the amazement and shock of it's critics and pessimistic analysts.

However, I could only advise that those that have had a wrong impression about bitcoin should rather jump on to the moving train and invest for long as there's still opportunities to make more profits with future circles as the 21million bitcoins are still far from been completely mined

Let's don't include "crypto space" to this. Just give the credit to bitcoin like we should, and don't legitimate whole space. Because most of that "crypto space" is definitely just Ponzi and scams. You can easily multiple the amount of "legit" ones at least with 90 to get the amount of scams.

And even those "legit" ones are only seem to be legit for now because they are worth something. Not because they would ever mount up to anything tangible.

the guy is still wrong and still doesnt understand bitcoin

bitcoin is not rising in price due to fake-tan-trump

if he actually spent 2 years to learn bitcoin he would look at the protocol and mining process and learn that bitcoin has a 4 year cycle, he would learn that the reward halving and mining costs cause a bull market which the rise in november is on par with this cycle

the last push from the 2020halving had a push above the 2016ATH($20k) 7 months after the halving
the current push from the 2024halving had a push above the 2020ATH($70k) 7 months after the halving

the thing is when a market triggers a rise within its cycle, idiots that dont know better try to find some social media/mainstream media news item that might have been the trigger.. without actually bothering to look at the data and statistics, the economic method and mechanisms of bitcoin itself

..
and no elon did not trigger the 2021 ATH either

..
even just suggesting bitcoin only goes bull due to famous people in the news, is a complete laugh and shows much misunderstanding by those that obviously dont understand bitcoin.
bitcoin has its own economy and market.
he still has much to learn

 Some times these market analysts are blinded by so many factors that have happened in the past and tend to overlook the potential some digital coins have. For someone of Tony's calibre, having 25 years experience in financial markets should have helped him see that Bitcoin isn't just a Ponzi scheme or what someone created to pass the time but a digital coin with the ability to provide a form of security when conducting your transactions.
 Bitcoin has been going strong for 16 years and has surpassed expectations and it's okay to admit you were wrong for regarding as something that doesn't have value and won't last long but what step is he taking? Will he join the train or just sit back and regret?

Let that sink in for him and we will see how he will sing when the crypto space will be more for him than a Ponzi.
It would be never too late for anybody in fact to start regaining what you potentially "lost" in the denial stage.

As the price of Bitcoin is currently making record highs every moment, many are now regretting every moment of not investing in this coin. Likewise, Australian market analyst Tony Saicamou is also regretting. 2 years ago today this guy joked that crypto would never be the future of money. But now, since the US President Donald Trump won the election, the way the price of Bitcoin has rocketed, they are regretting that maybe the statement they made was completely wrong and it has been proven wrong.



https://www.smh.com.au/money/investing/it-s-tough-to-admit-but-i-was-wrong-about-bitcoin-20241125-p5kt8t.html