Topic: The BTC stability (Read 669 times)

But there are several companies that actually use bitcoin as a reserve of value and El Salvador actually sees a big opportunity in bitcoin for their economic growth. The level of confidence in the growth of bitcoin can be seen from the ability of both to develop, where the comparison between companies and El Salvador uses bitcoin as a hedge. It is proven that their economic growth is getting better and this is done based on quite careful consideration before decisions are taken. In the long term there is nothing to worry about because bitcoin always gives rise to new cycles and the price will continue to rise as long as the ATH appears.

Why is it dangerous and as long as bitcoin is still the best asset, there is no need to worry because the value of bitcoin continues to increase all the time. A man who puts 80% of his assets in bitcoin is also inseparable from the profits he gets from it so he dares to put that much of his asset portfolio in bitcoin.

I think it will not be dangerous if its use is intended for long-term investments. Assume that 80% of his wealth in the form of Bitcoin is used as an investment until Bitcoin reaches the latest ATH, then profits will be obtained. After that his use may be diverted as long as he knows what and how Bitcoin is.
I believe Bitcoin will continue to maintain its value in the future so I don't think about making 80% of my wealth in the form of Bitcoin because Bitcoin deserves to be used as an inheritance that needs to be protected.

If you are newbie enough that you would panic and sell during the first volatility, then you should probably not be in the crypto world to begin with. I understand that we are not going to end up with great results right away, but lets at least realize that we are going to end up with a lot worse results if we let our emotions run wild.

This is why it is important to know the difference between realistic and proper trading methods, and then emotions getting involved with it. You could of course sell when the price goes down, normally not something people would suggest, but if there is something that makes sense on the charts then it can be fine. It is emotional selling that you should not be doing and that would be very bad on the long run.

As per your query, Bitcoin is good but not perfect and I have written about many reasons why Bitcoin should be careful of it over time. Just like any other asset, we have to be the friend of our trading chart for the most effectual guide and not rely on the past histories as you claimed, it will NEVER, I repeat, it will NEVER continue to replicate it. If Bitcoin replicates history all the time, then it is useless, because it is a very good reason to say that it is not dynamic. The dynamism of thing is a very good characteristic of all assets listed in the financial market, this is why they are not always predictable.

Fine, in the past, Bitcoin had some high degree of replications of its history in cycles, yet, are you not sensing that things are changing? Look at what happened in the later part of 2023 to till March 2024, had it ever been witnessed in the history of the market where it would have such a huge movement in just some months to halving? A situation that made it hit its former ATH of about $69,000 and even moved past it to settle at about $73,850, which it has not been able to reach again even after the halving.

Also, a very good consideration is that all the time that Bitcoin was buying in multiples and replicating the past histories in cycles, don't you think that the price was still low? Which is also applicable to its liquidity. By then, it has fewer adopters compared to the present statistics, most people have already known it, so who are the new adopters (in millions) to push it higher so significantly in a short time? If at all Bitcoin will rise so well, it will take time.

Besides, in the past, whales with a few million bucks might buy it and go to social media and talk of it, and by that, many followers would do as he said as well which often caused the market to move as they predicted (manipulation). But that is gone. This can only continue with a thin liquidity market and not what Bitcoin represents now. An end has come to such bullish speculation without a basis for it, and this is particularly true as the market is now being controlled by institutional money and not the so-called whales. If at all, they (institutions) are interested in buying Bitcoin, they would have bought it very low, that's the way they operate. It's risky for them to buy it high, so where is the liquidity coming from to push Bitcoin so high in a short space of time? I really don't have confidence in that.

Notwithstanding, these are my personal views, they are not automatic things that will happen.

But I don't think bitcoin's volatility is a barrier that makes governments hesitant to accept bitcoin. Decentralization is the factor that concerns the government the most because if people use bitcoin they will lose control over their citizens, which will cause them many consequences.


Even if bitcoin becomes stable, I don't think bitcoin will be used as a currency, governments won't let that happen, they can't let a currency not controlled by them become popular. So sometimes I think it's more appropriate to consider bitcoin as an investment even though that's not what Satoshi wanted.

Yes, maybe that's the case for us investors. Because indeed we take advantage of instability to make a profit. If Bitcoin is stable, perhaps the government will not be afraid to make an adoption and it will make strong recognition of Bitcoin faster.
Indeed, this industry was created that way, although this seems to be very contrary to Satoshi's vision as a peer-to-peer electronic money system that allows secure and decentralized transactions instead of being an Investment instrument.

I think he's referring to companies or countries who hold bitcoin as their reserve when he said dangerous and not the YouTube guy. It's actually dangerous for a country or company to go in all, hold bitcoin as the company or country's reserve due to it nature of volatility. It value fluctuate very rapidly and can not be predictable what is next move is. A country or reputable companies need to save their reserve on assets that have maximum security. All digital assets including bitcoin is vulnerable to cyber attacks and other security breaches. Advisably, holding a large percentage of companies or countries reserve in bitcoin carries significant risks. A reasonable percentage should be considered rather in order not to be bankrupt if the value drops.

If he's referring to YouTube guy, it's not dangerous. Bitcoin has proven itself and it's not too dangerous even if one decides to invest 90% of their portfolio in bitcoin while the remaining 10% should be diversify to other altcoins. For individuals who wish to hold for long term, allocating larger portion of your entire assets to bitcoin is very necessary.

Yes the fact that investors are doing profitably well their bicoin investments are really attracted to newbies. It then requires an efficient newbie to think about how to also be such successful by enquiring from the experienced investors that "HOW FAR & WHAT'S THE STRATEGY TO ATTAIN THIS GREAT HEIGHT IN THE INDUSTRY"? And not to have that mere lucrative view in the industry with lack of knowledge but just believe that if other investors can make it you too can make it. But meanwhile you're ignorant to the markets system to understand how you can accumulate on by affordability using the DCA and when is the right time to selle.
But one thing I disagree here is the right time to sell because bitcoin investment doesn't have a periodic specification of when to buy and however, as bitcoin keep to stay, investors are always met wit new ATH where they make X profits from the high price that they bought their bitcoin. It's just a fact of long time holding.

Bitcoin volatility is a gift and that's what make cryptocurrency unique from other currencies.

Are we entirely sure that it is changing? Why do you think that it is changing or at least what made you believe that it is? So far, we have seen it go up after halving, and then go down after that up, and then stay down for a while, then go up again after halving and that has been the system for a long time. Looking at the most recent years, yeah 2022 was down, 2023 stayed down mostly or went up just a bit, and now we are near the all time high, so far it all looks like quite similar to the past.

So, I do not see a reason why it is going to change anytime soon, we are looking at something that will take care of it very differently, and I do not think that we are going to end up with something that will change, we should accept it as it is.

I think it has something to do with maturity. When you're early in the market, you'd easily be affected by short-term price movements. You're emotional. And you're easily swayed by your emotions. That brings a newbie to panic sell or FOMO, thereby sell high buy low.

But when you're exposed to the market long enough, short-term fluctuations would become ordinary that you don't mind them anymore. You'd feel more or less assured. You've seen it all. You know that in the end you'd see another ATH. You know that the market rewards you in the long run.

But then again there are also those who either don't mature or are less convinced of Bitcoin's potentials or are risk-averse.

If you follow the basic buy low and sell high, you will definitely be in constant profits. Seems quite easy but certainly hard for those who aren’t patient enough. While bitcoin holding is the key for great profits, but only those who are patient and persistent on their goal would make it possible, the rest are just good for short term profitability as they are more than greedy than being patient.

Yep mate!
There is no doubt that a person can't profit from this market if they do not know much about it but a lot of new investors don't understand this. They hear about Bitcoin and that a lot of people saying that you can earn profit if you invest in Bitcoin but they don't know how and when it must be done, and they go ahead and make their investments without even trying to gain any knowledge about the market, so they might even buy at a wrong time without even knowing about it.

So it's undoubtedly a no-go if a person is getting into the market without any knowledge because that will only make them lose money, we know that newbies tend to have paper hands and they panic sell as soon as they see their investment losing value.

The key benchmark for not losing or making a profit with Bitcoin is only one thing, namely not selling it in conditions that could make us lose money as buyers. This means that if we buy Bitcoin at a certain price or say during a price correction moment, of course we also have to remember that the benchmark price is the point where our capital is used up. So if one day we are faced with the choice to sell it, of course we have to be able to sell it above that price so that we don't suffer a loss because we once owned Bitcoin. Simple enough, right?

Although it is true that bitcoin is for long-term holding in order to earn a lot from it, it is still not that easy. I mean, an investor should know when to enter the market or when is the right time to buy a bitcoin asset in the market because if you bought bitcoin without thinking, then that decision might not be good because your liquidity might not be able to handle if the bitcoin price goes down from the position from which you bought your assets. So let's also consider the aspect of knowing more about the bitcoin market so that everyone can find the right timing and position in the market to enter. 
 
The thing I like the most in bitcoin is its ability to keep on increasing and of course thanks to the community that does contribute on where bitcoin is right now, without the investors bitcoin will not be in its current place right now.

Even though Bitcoin is volatile it can give you profit in large scale but you need to be aware of the risk level which is the right time to buy. By continuously managing towards you can accumulate bitcoins and get it to a point for a long time.

I do agree that when you zoom out (at least if you zoom out enough) you will see that it is something that keeps going up more and more. A lot of people miss that, and they look at shorter terms, even for a whole year it may do badly, but if you zoom out further you will see it does well enough and it won't be an issue.

All in all crypto isn't something that is taken lightly, it is of course a very difficult thing to hold when you see that much volatility, because holding even when you lose 30% is not an easy thing to do and a lot of people and sell to get out because they fear it, which I understand the reason why they would do that but that is still a wrong move and it will recover even after the biggest falls and longest bear periods.

Suppose you have 80-90% of your capital invested in Bitcoin and you go to sleep and wake up in the morning to see that the value of Bitcoin has dropped from $70,000 to $15,000. Because you have already invested 80% to 90% of your capital in Bitcoin, you don't even have 10% left to buy Bitcoin or to meet your living needs, so what option do you have? So how long can you wait if Bitcoin doesn't go back up for a full year or two years as it has done in the past then what option do you have left other than to sell obviously at a loss?

If so, a person should be wise and invest 20-30 percent in Bitcoin and the rest in some other project or business so that if he loses from one place, he will gain from another place. There is nothing that can guarantee that life will be rainy or profitable forever, so a person should invest in a well-thought-out and well-planned manner. They do it to make money or to double or triple your money so we must make wise decisions. It's not good to invest all your money in something and regret it later. I'm not in favor of it at all, no matter how reliable it is, but to me, it's just stupidity.

some company who does not embrace Bitcoin cannot use bitcoin as reserved kind of investment but I know very well now so many of them to who knows bitcoin very well is investing their project money into Bitcoin but is not many think that the embrace such kind of investment or reserve with Bitcoin or with any other cryptocurrency so what I'm saying is that it is a company that knows the rules and the regulation and the importance of Bitcoin that can fully invest in Bitcoin for future reference or future purpose, I can use Amazon and any other companies as reference .

Bitcoin is a long term investment, the longer you hold it, the higher the value of the investment becomes. And patience is a must, because any time it could crash and drop its value to its lowest, but if you can wait to see it recovers its value and surge high again, then you will definitely make significant profits in the end, in which it won’t be possible if you are here only for quick and short term profits. Bitcoin is intended to hold, that’s why patience is crucial with bitcoin.

You know it’s everyone’s goal to accumulate a lot of bitcoin, so instead of seeing it as dangerous, I find it more as an advantage and an edge in the future than those who have never invested at all. Risks may be there for sure but if you know how to take calculated risks, you will definitely not suffer from a loss but most likely experience massive profits.

However, if you are trying to invest and maximize the amount of bitcoin in exchange for quick profits, you will only be frustrated in the end. Don’t fall for quick profits as they may only be for temporary but focus more on creating a long term investment, and going into bitcoin will be a perfect choice.

The question is why could this be dangerous for him? Even though we have all seen how Bitcoin moves towards high prices in each cycle, there is no such thing as a loss for those who want to hold it for the long term, especially if they inherit it straight away without having to struggle anymore to collect it. I don't think that fluctuation is a bad thing because based on the evidence and facts that have happened to Bitcoin, it is always able to provide more things to its holders in the long term.

Yup, that's what I said. Bitcoin IS the diversification. I can only think of Ethereum as the other mature digital asset (okay, Ether), and possibly Monero, but it's a privacy coin and will never be mainstream.

Whatever you think of any other 'crypto', everything relies on Bitcoin. It just doesn't make sense to dilute your BTC further into alts, unless as I said, you're speculating on shortterm gambles

Diversification is necessary though, if you rely on savings and investment income. And also it's nice to have a bit of government insurance on bonds. Guarantees don't exist in Bitcoin, and not everyone can afford to live during bear periods. Not everyone is capable of inheritance management for Bitcoin too. If I died today, at least my next of kin immediately gets my bonds/funds savings. The Bitcoin bit is harder, I have to hope my family know what to do with the instructions I gave lol

I don't deny that the original intention of bitcoin was to be a decentralized currency but with what is happening now, bitcoin is being used more as an investment and we need to adapt to the current situation. With the popularity of bitcoin and its recognition by governments as well as the approval of ETFs, it is no mistake that people are gradually considering bitcoin as a reserve currency. Why not when it has become more secure and reliable? The value of bitcoin always increases over time because demand is increasing while supply is limited. So there's nothing wrong with using it to diversify assets just as there's nothing wrong with using it to prevent loss of value.

You talk like someone that is not deeply rooted in trading, it is not respective of how many times histories look similar but the warning towards the time of deviation. Nothing works perfectly even if they have done that before and what is happening with Bitcoin recently should have hinted to you of this. This is how every asset behaves, so Bitcoin can't be an exception, it is only a matter of time before everyone knows this and faces the reality.

Fine, Bitcoin has had some beautiful patterns/cycles in the past, but it is due to the fact that the people in control then have the same mentality/ideology towards it, so they turn it into a tradition which makes it behave in certain ways in cycles. But things are changing, especially this time that Bitcoin is now being majorly controlled by institutions and not by the old whales as people called it, who understand and manipulate it the same way, and also preach the same to adopters.

How it behaves at the weekend should have also told you something, it will get to a time when it will not be business as usual, nothing happens in the past that will always be replicated in the market, it is not possible, it can only take time. The earlier we plan for it, the better for us as no asset can always be behaving in such a way that people will always be able to cheaply predict it as it was in Bitcoin. If it continues forever this way, then it is not dynamic like other markets, which I will never believe. Expect more deviation soon!

People don't understand that Bitcoin is not that risky and that they always talk about its fluctuations and the impact of the resulting risks.
Now we have experienced periods where the price of bitcoin continues to grow and from here we can learn that when holding it for the long term there is no risk to worry about.
Bitcoin is the best asset for the long term because bitcoin is so strong in the market and market capitalization also continues to grow until it reaches its highest figure.

If one is holding for the long term then I believe there is nothing to worry about as the cycle will continue to show new price changes.

An accident can happen to you at any moment while you are walking down the street, just like the price of Bitcoin can go down and up due to volatility. How aware you are depends on what you can do with your moves or bitcoins. See if you have a lack of knowledge about bitcoins the price variation of bitcoin will scare you, if you have a good understanding of bitcoin then you will surely understand how far you can go by investing from here, because the price variation will drive you forward. You can die in 10 seconds and die in 10 years, Isn't it risky? Is Bitcoin more risky than your death? you just need to understand what Bitcoin is, why Bitcoin is so valuable, when it is right for you to invest and when to withdraw money from it.

Bitcoin is still volatile and in view of traditional investors from traditional markets, it is still more volatile than their normal acceptable level. Fortunately nowadays after 15 years of growth, Bitcoin in 2024 will not crash to $0 and will not disappear.

I am quite confident in Bitcoin that it is here to stay in future and its value, price will continue to grow more and get higher figure in price on trading market. The world can have more physical gold bars from gold mining and production but Bitcoin will have only 21 million bitcoins in total supply. We know that figure for Bitcoin total supply won't be changed and in first two quarters in 2024, with appearances and activities of Bitcoin Spot ETFs, their demand to purchase bitcoin is bigger than total new bitcoins appear from mining.

New demand is much bigger than new supply is a fact that can be seen by everyone.

Invest intelligently with DCA and don't forget to keep your eyes on Bitcoin Fear and Greed Index chart.
https://www.lookintobitcoin.com/charts/bitcoin-fear-and-greed-index/

Well if history is anything to go by, bitcoin is definitely an asset worth your time and money. It's not like it only happened once, in bitcoin's 15 years it has given way for many people to make profit.  in the past bull runs, bitcoin's price rose significantly.
Well at least now he owns some bitcoin without really any money spent. It is now up to him if he wants to sell or continue letting his bitcoin grow.

I like your thought about Bitcoin and it is unlike many people who are always blinded by it. Perhaps this is due to what they are reading and hearing from friends and online and through the past histories of the coin. They forget that history does not have a future indication in financial trading and investment, it may happen though but there has never been a guarantee on such a thing. Fine, Bitcoin is a very good asset and it can make you rich if you know how to go about it, but the size is too large now, there is no magic it can perform and it will always discourage some investors, so it will get to some points that liquidity will be a very bitting issue in the future.

This is why it is good to invest and divest Bitcoin at the right time to avoid it betraying your trust. I also pity that man with his 80% patrimony in Bitcoin, if care is not taken, he may face challenges over it or find it difficult to make any reasonable amount from it, but this is of course depends on the price the Bitcoin was bought, I hope it is at a low price.

This hints to at least learn how Bitcoin works so that the person can know when to buy and sell. This doesn't mean he will not be holding his Bitcoin at times but trying to outsmart the whole situation to maximize earning. Lastly, being a good speculator will go a long way in fixing all investors and traders aright, but folding one's arm in the name that he trust Bitcoin so much may one day blow on his face.

Why you contradicting yourself? You just said it's awesome seeing the capabilities of bitcoin (of which I believe you must have done your research and known about such capabilities before going on to say that) and the same you is trun around to say it's dangerous for all of us investing in it. Maybe you could have cleared the air by what danger you're implying.

Well, for me  as a bitcoin believer, i can always advocate for every investor to invest the amount he can afford to lose and this amounts is subjective to every individual financial capacity. For those that have an understanding of how the profit system of bitcoin works despite the volatility, their focus is  usually long term.

Bitcoin price has a variable structure. It provides profits to its investors at certain times, but it is also important at what price the investor buys Bitcoin. Many Bitcoin investors are investors who can wait for the long term and therefore make profits. If you do not make long-term planning or do not have the potential to protect your investment against any negativity that may occur in the market, your investment may be risky.

A planned investment management makes it easier to deal with any situation. If changes in the price of Bitcoin are at a level that harms the investment strategy or the company or person investing, a major problem may arise.

Since it is not known where the price will go, the most important thing is to take risks and manage to wait. In order to take this risk, the necessary economic conditions must be met.

If your investing in bitcoin for a long term, there is nothing you stand to risk or lost because you're going to be profitable in this, this is one of the most rewarding investment one can venture into and take advantage of aside the old ones we have been used to in altcoins sections or other physical forms of investments, with bitcoin, there is great delivery capacity for profitability of security only for those who have the understanding of how they can achieve all these.

We all know how bitcoin is a high-risk investment, the same way it can go up to the moon, it could crash at any moment, and isn't hard for that to happen, just think what would happen if an early investor decided to sell all his bitcoin, we would see how the markets crash hard. But that doesn't mean it would die, it is just a momentary crash, so, bitcoin is about holding, if you can hold for several years then you will find success at the end of the tunnel.

Bitcoin was never meant to be a reserve currency for any big company or a country, it was created to be a peer-to-peer electronic funds transferring method working in a decentralized manner and having no involvement of any third-party or authority in doing anything because everything is done by the network itself. I know that it has mostly become an investment asset these days and people use it to get profit for their investments, but that wasn't what it was created for originally.

Even big companies and firms these days are utilizing Bitcoin to increase their net worth because they know it has a volatile nature and it goes up and down in value and they can use this as an opportunity to increase their wealth and have more money for their company and businesses they own and manage.

Having higher holdings in Bitcoin is not dangerous in my view if you have control over your investment strategy like, if you've bought all of your targeted coins on an unplanned strategy there's a higher chance that you'll suffer a loss, wether its planned for mid-term or long term because the accumulation strategy you decides is for risk management. As you are investing in a volatile asset and you are not timing and controlling your investment how can you be sure of good returns as you didn't even time to buy at cheap?

So having many bitcoins wont be dangerous if you've planned your accumulation, for sure there's huge potential in Bitcoin but if you are buying at peak and expecting the unrealistic profits how it can be safe.

As long as you know what you are doing, then investing in bitcoin will never be highly risky. It only gets risky if you come to invest for greed and quick profits, which I think will be hardly impossible with bitcoin. Although some still get some short term profits, but if you want to maximize the profit potentials of bitcoin, then invest for long term.

However, diversification is a big thing with any volatile investment. Don’t put all your eggs in one basket, even if it’s bitcoin, learn to diversify and invest what you can afford to lose despite of its high profitability potentials.

There are big companies that have a lot of Bitcoin and keep trying to have more Bitcoin every period, don't they know the risks? They understand better why they do it in Bitcoin in the long term.
The volatility of the Bitcoin price is justified, but in the long term Bitcoin has historically proven to be the best hedge.

The rich man you watched in the video understands Bitcoin so 80% of Bitcoin is his inheritance.
For you it is dangerous, for him and those who understand it it is not dangerous and I believe in Bitcoin as the best asset that deserves to be inherited.

Bitcoin is less volatile now than what it was in the past, and the more strong-willed hands we have holding the currency, the less volatile it will be.

You shouldn't be all in in anything. That carries too much risk. Hold a big enough position that you are comfortable with, but also consider allocating some money and wealth into other asset classes. Gold, real-estate, rare watches, stocks, etc.

This was my first time to come across the word patrimony so I had to check the meaning. Based on a few authors or works I have read the word means inheritance or heritage. So I assume that the original poster is saying that 80% of what he inherited from maybe his father or other relative is in Bitcoin. If this is what you meant, I would say you are lucky to inherit Bitcoin because it is far better than other investments.

Keeping 80% of your investment in Bitcoin is not a bad idea but it is risky to put plenty of eggs in one basket. However, I can consider keeping that amount of Bitcoin as an investment because the currency has stood the test of time. Even with its volatility, it is still better than many investments.

I have always believed that the real estate sector was safe until the government began to demolish buildings in my area without compensation. War and natural disasters can also make the real estate sector go bankrupt. Since its inception, Bitcoin has not failed long-term investors so investing the majority of your funds in it is more profitable and also safe.  At least it is far better than keeping your money in fiat.

Well, not all fiat is equal, so sometimes keeping money in fiat means losing a very significant amount over time due to high inflation. But keeping a decent amount in a currency like the USD makes sense. A part can also be kept in gold, which grows somewhat over time and at least doesn't seem to lose value. And then a part can be in Bitcoin without issues. Keeping all or most funds in Bitcoin is risky, but if there's some diversification, it's okay.

Bitcoin's got a way of surprising everyone of us in regards to it's volatility, we all might think that bitcoin right now is stable and a sudden price drop is an impossibility but that mindset is what's going to get you to lose a lot of money and at the same time, you'd be regretting not spending something for yourself if you choose to invest almost all of your money into bitcoin, as much as the long-term of bitcoin is so attractive, you still have to understand that there are things in life that you'd want to be checking out instead of just hodling alone because you can easily accumulate your bitcoin along the way while enjoying life, that's why it's a good idea to not invest all at once in bitcoin.

This whole "Bitcoin is too volatile" narrative is getting old. Indeed, it was an incredible trip back in the early years, but times have changed. Bitcoin is developing with institutional investors riding on board and a market capitalization in the trillions.  Though, I love a good thrill. The more volatile, the more profitable! Still, the days of 1000% swings are most likely past. And really, thats not a negative thing. Attracting significant participants and creating a sustainable future for Bitcoin depend on some consistency, hence it is desirable.

If everyone and their grandma is buying Bitcoin, that means more demand, less volatility, and a stronger store of value. And given the price hovering over $69,000, we are well on our way to become the digital age's gold standard. I thus advise all those doubters out there to not hesitate to welcome the volatility. Its what makes Bitcoin exciting and profitable. But also remember, the times are changing, and Bitcoin is growing up. This is only the start of a wonderful trip, people. Believe me, the best is yet to come!

With the approval of bitcoin ETFs, it means that bitcoin is considered an asset, an investment. How can other countries base on that and make bitcoin a payment method?

There will be some countries that consider bitcoin as legal the way El Salvador did. But I guess the majority will legitimize bitcoin and will just treat it as an asset or commodity instead of treating it as a means of payment or currency. Because no government is happy to have a currency it doesn't control circulating in its economy.

Investing 80% in bitcoin is considered too much and risky if someone does not trust bitcoin but it is normal if they completely trust bitcoin.

The fact is that, BTC launched its spot exchange traded fund, ETF and it is to allow big companies and large pocket investors buy into the future of money of which is BTC. There's no saying what the future holds though, but one assurance I have is that, many countries including yours would have to at some point consider the use of cryptocurrency mostly BTC as a regulated means of payments.

80% of the man's Patrimony sounds like very much, but with the enthusiasm I can perceive in the man, am sure he would put in more if he still has, because he sees something that you don't and may have had to overcome greater risk with money, that this is just something small for him to be bothered about.

Sure it's volatile to the daily USD exchange rate, but what you don't see is how volatile a single $1 USD is. The inflation they tell you is only CPI. The actual inflation is infinitely greater. Allocating a portion of your net worth to BTC will be the smartest thing you ever did.

I don't agree with what you say, I think on the contrary, the volatility of bitcoin is getting smaller over time.
The reason people like to use bitcoin as an investment is simply because who doesn't want to have a lot of money, who doesn't want to become rich quickly? Do you want to be rich? Would you feel regretful if today you sold bitcoin for $30k but tomorrow it increased to $50k?

How will you spend money when you have no money? Making a lot of money and becoming rich is the top goal of all of us when living in a society where money is everything. So you don't need to be surprised or disappointed that bitcoin cannot become a currency but can only be used as an investment.

If before, I guess BTC is more of a currency because I think it is much stable in the past than compared to now. This is why we are seeing people using their BTC for purchasing something but if you notice now, almost all people are only talking about their BTC investment despite BTC having a wide support now for merchants.

I think a reserve is like an alternative only, and we might still have other alternatives than it, so I wouldn't worry too much in case something bad happens with BTC. Risks doesn't only depend on the mindset but also on our actions. For example putting more money is highly risky. It is only highly rewarding too, once we successfully passed the trials.

In my opinion, asset diversification is when we invest in non-crypto assets such as gold, real estate, stocks, not altcoins. Because the entire cryptocurrency market depends on bitcoin, when bitcoin falls, no altcoin can increase in price. So how can we call it diversification to reduce risk?

Also, is diversification really necessary? Because it will reduce our profits as bitcoin is already the most profitable asset. Diversifying into gold or real estate only reduces our returns because we all know gold and real estate do not give better returns than bitcoin. I think whether to diversify or not depends on each person's investment mindset.

This condition may be different because everyone's beliefs are different. I think he who dares to take risks understands what he is doing, it is not wrong that it is their choice. If you feel doubtful then don't copy it. Because indeed the current condition of Bitcoin does not look convincing for some people because it is contrary to the government. This is what worries you because the legalization looks bad.

I currently hold Bitcoin and I wish them a very good future. Some periods of Bitcoin are assets that provide great profit value for those who are able to manage that volatility. Right now I'm collecting and not making me lose so I'll probably hold it for my son. But I also think about owning assets that have been widely recognized by the state, maybe like Gold or Land.

People talk about whatever they feel like because free speech everywhere.

No it would be foolish to get money from or into your inheritance. Invest in Bitcoin this life and don't think about what you will keep for your next generation. Similarly inheriting it and it's legal implications we are not clear on this area, so better to avoid for now.

Although Bitcoin is a money for the future and we are hopeful and bullish about it, never go all in on one asset.

I hope that it wasn't all your bitcoin portfolio that you sold to buy back when the price dips, because this is a risky move. Bitcoin is on 69k+, and you don't know if it will dip to 65k and below for you to buy back. What if the price increases to 71k and above without coming down to your price level for you to buy back. I just hope that you don't regret your actions later.

You are right, but poor people who are struggling to meet up with their weekly DCA regularly will not ne able to diversify into other investment because of low income. Diversifying is for the rich and people who have the money to diversify. I only have my bitcoin investment which I am still buying more bitcoin to increase the size gradually. I cannot diversify because it is only bitcoin that I can buy with the little discretionary income from my salary.

Before someone use Bitcoin as their value reserve or investment, they must learn how to use Bitcoin. Although people see Bitcoin is speculate, they will not have a problem and they can manages the risks not to becomes big. Besides that, they can use the money they can afford to use Bitcoin so they will knows how big the risks.

They will be wise to use Bitcoin and they will still use Bitcoin as their long term investment. They already learn the Bitcoin history and no need to worry with anything because they can manages everything. They know that they don't have to use all in Bitcoin because they still needs money to fills their daily needs.

As long as they use the money they can afford, they will be okay. We also do that to prevents the risks becomes bigger because we knows that Bitcoin will still be volatile and it will be like that in the future.

And to make it clear, Bitcoin is the diversification in a portfolio of other assets. Some people think you should diversify in altcoins, this type of coin, that type of Layer 2 etc even memecoins. I see all those as highly speculative risk taking. If you're an investor, you just see Bitcoin as an important part of longterm diversification assets.

That is what works for me, my opinion anyway

The volatility of bitcoin is of two path ways which is either you profit of you loose. So it all depends on your aim of holding aim and usability then it'd determine how long you'd keep holding on it.
The danger of bitcoin isn't exemptional from the risks of its volatility and nothing else if it's directed on trusts. However, the risk of Investing on bitcoin isn't a tension on my side because I've a stipulated goal of making profits out of it and for that, I've been dedicated to a long term holding while the market price hits my expectations so, you can count me out of such dangerous circumstances Op.

The market moves according to its supply and demand which explains the volatility of the market. This is also the reason why even if it becomes a mainstream currency, it can never be used to back anything up.
It is driven by investors’ perception and sentiment that’s why the value is mostly affected by speculation. If a group of people thinks it will rise up, most likely it will because others will experience FOMO.
I would take inheritance in bitcoin. It can also help me not to spend it just anywhere. It would also be good to support myself and the rest of my family long term.

As a long-term investment, I don't see an issue. The problem comes when he wants to keep them for a short term. The volatility of Bitcoin can be really felt in short-term investments.
I agree that putting all your inheritance into one investment is not prudent, but in this case, it's 80% meaning he still has 20% in other investments or in the form of fiat which is a smart move.
I don't think it's as dangerous as people make it seem.

The same goes for companies using Bitcoin as a reserve. Reserve is most likely for the long term, so that's a smart move. Instead of just keeping fiat or stable coins that would depreciate over time, why not keep an asset and currency that will appreciate after years?

For the nth time, Bitcoin is volatile if you're zooming in. If you zoom out, you'll realize that there is almost a straight diagonal line directed upward. You said it yourself, there's the capability of Bitcoin to be a sound long-term investment. In which case, it's worth keeping some in your balance sheet.

Besides, you also need a certain level of diversification in your reserve assets. Other than that, there's also the prudent move to be futuristic in setting up your reserves. Also, why is Bitcoin not worth risking when the features themselves are truly worth it? Why, can you see any other option that is truly independent from the controls of governments and powerful entities?

Bitcoin might be volatile in the short term, but the BTC price keeps growing steadily in the long term(despite any short term price drops).
This makes BTC a good investment for the portfolios of many investment funds and corporations. Almost no country in the world(except El Salvador) is going to buy BTC and add it in it's currency reserves. Maybe some other underdeveloped countries could follow El Salvador's example in the future.
Bitcoin isn't dangerous. What are you talking about? The only danger related to Bitcoin is the big western countries suddenly deciding to ban BTC trading and mining. However, I don't believe that this will be happening anytime soon.
Why don't you post a link to the Youtube video you just watched?

If I had a patrimony of bitcoin, I'd be happy. Although I can see how it can be dangerous because the child may just waste the bitcoin given to him. Especially it contributes 80% of it.

Before you decide on giving Bitcoin to your children, teach them first lest you want it all to go to waste. You should be teaching your children about finances anyway so if you plan on giving bitcoin then teach them everything about it before you pass away at least.

Every decision taken must have gone through research and someone who has inherited wealth of more than 80% is not as stupid as we think.
He certainly understands his choice and why he prefers bitcoin because of the confidence he has after seeing bitcoin's journey.
Fluctuation is quite risky, but you can make it all the more valuable as asset storage.

Just look at how El Salvador and several companies are using bitcoin as an asset and they understand very well the impact of fluctuations. I don't think this is problematic in the long run because bitcoin has made such a great jump in price.

It is risky! Bitcoin is a super volatile asset and the price movement is very uncertain in short investment window. However, it all depends on an individual's risk taking capability. I f someone had invested in Bitcoin during its initial days, they are probably the richest persons alive we don't know yet. But the case is very different for an individual who is investing now. But honestly, keeping all your money into a single asset, is dangerous!

The basic of investment says - always diversify! Keeping a good percentage in Bitcoin is OK but we all need to put the other percentage into various other assets classes to mitigate the risks. Keeping everything in one asset is pure gambling! 

There is nothing stopping countries from having Bitcoin reserves. El Salvador which added Bitcoin to its legal tender list some years ago also has a Bitcoin reserve which contains a couple thousands of Bitcoin that they have been accumulating steadily over some time, with a plan to acquire 1BTC per day.

Here's their website to track the status of their Bitcoin reserves; https://bitcoin.gob.sv/

Only countries cannot use Bitcoin as their reserves, but large companies can use Bitcoin as a value reserve for their companies, because Bitcoin's performance is quite good in recent years and its potential in the future. Talking about its volatility, it's actually not a big deal, seeing as how companies don't need to allocate all their money to Bitcoin - they can diversify their investments across several investment instruments, unless they are stupid enough to go all-in on Bitcoin.

To be fair, bitcoin is still not suitable for use as a store of value or safe haven because of its volatility, it is still more suitable as an investment. But as far as I know, no country or company uses bitcoin as a store of value, they only invest in bitcoin.


It depends, if you have multiple sources of income and are willing to take risks for greater rewards then investing 100% in bitcoin is not bad. Because diversification can help us minimize risk but will not bring us maximum profit, and as I said, it depends on each person's preferences and taste.

It is true that Bitcoin is volatile, but it has proven that it can be used as a reserve and store of value in the long term. Yes, it is volatile, but for short- and medium-term speculation, but in general, it has only one upward trend in the long term.

From a logical point of view, there are risks in using Bitcoin as a value reserve since its price is volatile, but at least it is much less risky than using fiat, which becomes worthless in the long run as a result of inflation, while Bitcoin is quite the opposite.

Bitcoin has always being known for its volatility from when it was made , using it has a reserve is all has to do with the individual's understanding of Bitcoin and the risk involve. Before someone can have 80% of his patrimony in Bitcoin,he knows what he stands to profit if being kept for a long term. In terms of risky ,it has to do with your mindset because there is nothing we do in this life that is not risky, you just have to keep your fears aside and be positive/trust always when investing in Bitcoin , despite the volatile nature of Bitcoin,it is still profitable.

Whale, institutional investors have huge and bigger capital than retail investors with smaller capital. Retail investors are not market manipulators or market makers but they have big advantages against whale, institutional investors.

With smaller capital, retail investors have advantage of more easily entries and exits in the market. Their entries and exits won't affect trading volume and market price. It's different than whales and institutional investors, with big capital their entries and exits will cause dramatic ups and downs in the market, both in trading volume and market price.

It is good capital management as well as risk management. We need to have other things beyond cryptocurrency, to manage risk, avoid black swan events in this market and to be always ready for spending through non cryptocurrency payment methods.

Well, this really depends on you. There are already million-billion dollar companies already buying and holding Bitcoin. So if these million-billion dollar companies spent millions - billions to buy and hold Bitcoin, why me even a hundred-thousand worth of Bitcoin can't hold? That's kinda my belief to hold Bitcoin.

About going all-in. For me, I don't do that, I also had some cash or some funds in the non-crypto market. But for cryptocurrency right now, I mostly hold Bitcoin.

Yep, mate that's quite right!
Bitcoin is too volital but anyway these volitality totally depend on you and how much you have knowledge to avoid them, like risk management. If you don't have any ideas or knowledge regarding through Bitcoin so I think there is a high possibility that this volatility of Bitcoin will be proven bad thing for you but if you have proper knowledge and understanding about Bitcoin So, in my opinion, nothing can be better than volatility for you, because the volatility of Bitcoin gives people the opportunity to organize profit, it also gives you the opportunity to buy and sell at a high price in a short time and if this volatility were not in Bitcoin, Bitcoin would have been considered as a lay asset investment. Bitcoin is one of the most prominent assets in the world because of its volatility. 
 
So it means that Bitcoin is a volatile asset. It can give you loss and profit but if a person can be saved from volility, then I think volility is not the best thing for him. Due to this volatility, we buy Bitcoin at a low price and sell it at a high price.

For a growing company bitcoin is a risk factors for reservations,  but for an established company bitcoin could be the most profitable asset to hold their large cash flow and profits reseaves, but on the individual level,bitcoin is the best assets despite it volatility and unstability,  considering how often bitcoin move in the uptrend direction  vs is downtrend direction.

But in all bitcoin holding should be done with clear understanding and purpose knowing the risk factors in it as asset.

Individuals with there personal decisions and perception on things, I think using Bitcoin as a reserve in a big company or country shouldn't be an option for me unless such country or company wants to hold for a long term, if long-term is the goal it is  better because no matter the volatility there must be an appreciative season which we know, Bitcoin has several events that are bound to occur and these events are accompanied with either good or bad occurrence, so I believe if such idea shouod be implemented by a company or country, they should be able to endure for a longterm in other to make their profit, lets not forget that reserve is like saving a little out of many, I also dont think that a country would wwnt to have their reserve in a digital currency and due to its instability and volatility.
For personally I somuch believe in Bitcoin and I know that consistency and patience is what every bitcoiner that understands the concepts of Bitcoin needs to keep going but these companies and countries wouldn't want to go that lane for reason best known to them.

Bitcoin has always been very volatile. As a matter of fact, the entire crypto market has been a volatile one from the onset. Like every non-stable asset, Bitcoin price moves in either direction and that is the normal behavior. Before anyone or firm decides to use it as a value store, they should be aware of this risks so they don't cry later due to ignorance. El Salvador has made Bitcoin, their national store of value and it's going really where for them. If it goes awfully for others, they clearly didn't do their homework to position themselves properly.

Bitcoin is indeed volatile for short term day traders who trade with stop loss and take profits. But the moment you start considering long term, you do not have any problem with the volatility of bitcoin. The other problem with the volatility of bitcoin is when being considered for day-to-day business activities where one will accept same as payment option. Not everyone will be willing to handle the volatility that comes with bitcoin, and this is why most businesses that accept cryptocurrency usually opt for stablecoins. Instead of adding bitcoin to businesses, people prefer holding for long term to get the better benefit.

Many people are actually thinking in this direction because bitcoin has shown how reliable it can be against inflation. Prior to this time people invest in stock, treasury bill and even fixed deposit. But these options have been shown to be inferior to bitcoin when compared to bitcoin.

It's risky, and those investing in bitcoin already know about it, and the volatile nature of bitcoin is also part of the reason why most investors choose bitcoin to be used as a reserve over other assets or even hold both. 
 
When you talk about companies or rich people using Bitcoin as a reserve, what people put in reserve is what they save up for rainy days and are not going to make use of it for any short time, which means even if the price of Bitcoin drops below 50% after they invest in it, they might not even see it move them because they are not going to sell in a hurry. By the time they are ready to sell those holdings, they will already be recording some profit.

Why it is dangerous? you should have given us your thoughts on why you think something like that is dangerous. Because even if you're going to watch someone from YouTube, you'll not even know if the thing they say is 100% true. I agree with bitmaxz that it's certainly risky if you don't know what you are up to and what you are investing with your money. But for someone like that youtube guy you've watched, he knows his thing and the drill of investing and that's why regardless of what you think about his strategy, it's even better in the perspective of holding more Bitcoin than altcoins.

Actually, that's too risky if you don't know what exactly you are investing in and it's too risky to go all in but since Bitcoin is already proven that it's following a cycle every 4 years or every block halving then why not go all in but don't invest much you should also save a few percentages for your savings and only invest that you can afford to lose because we do not know what will be the price of BTC in a few months.

This is just me I believe in Bitcoin, and my prediction is that the price could reach more than $100k next year so it's too early to see the new all-time high I've been waiting for a cheap price below 60k to convert my USDT back to BTC I just sold mine recently at $71k because I saw a rejection now I am waiting for a low price again and do DCA I just don't want to miss the dip price.

I think BTC is very volatile to use it as a value reserve of a big company or a country. But it is awesome seeing its capability to speculate and invest in long term. Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?