Topic: What does BTC mean to you? - page 2. (Read 2289 times)

Different people may have different opinions about Bitcoin. But personally I think Bitcoin means faith. I said faith here because faith means refuge, confidence. Personally I think if I don't have refuge, confidence in Bitcoin then I can't analyze it. I invested and held on to Bitcoin because I had faith. People actually want the independence of their money where they want to control their money without the interference of a second person. And Bitcoin is definitely the trusted address to get this kind of freedom.

Perhaps, I didn't find this thread early enough but I will have to contribute my perception of Bitcoin.

On a personal level, Bitcoin is a paradigm that has shifted the thoughts of people from being centralized to a decentralized system, which the government is against. perhaps because they feel unsecured that they can't accomplish their selfishness because alot of people are not longer interested to be controlled by a government that is only concerned about their own well being and not the the well being out the people.

Bitcoin was created to by Satoshi Nakamoto in order to take financial freedom from some group of elites who call themselves governments to the ordinary citizens to be financially free. Bitcoin is a currency that allows me and you to have control of our financial life and not to be controlled by centralized authorities (government).

Bitcoin is freedom...

Bitcoin runs on a decentralised network that means no single person or organisation can control it. This is where some rulers fail who can control everything in the world but fail to control it. Just as an investor can become financially independent using Bitcoin, he also gains freedom from the constraints of the traditional banking system. No particular group or persons can create any obstacle here. In today's world, rulers can announce the confiscation of people's wealth in various ways. Those who are victim can never come out of from their boundary. They have to live in subjugation and oppression. But Satoshi Nakamoto with his Bitcoin invention, completely freed oneself from all those oppression and tyranny. Currently Bitcoin is not only financially beneficial to a holder but also plays an important role in his financial security.

I don't have any problem with lump sum investing and/or front-loading your investment into BTC out of anticipation of further up, yet I have always had money available for buying dips, and maybe especially true during times that you are still building your BTC stash.

So of course the three techniques for accumulating BTC are lump sum, DCA and buying on dips, so if you front load with a lump sum at $68k-ish, then I think it would be good to still be able to DCA and/or to buy on dips.. even though of course, I agree with you that our current times are actually feeling quite bullish, which includes that it may end up being the case that BTC prices go up yet they do not come back down and correct below current prices (including but not limited to $68k)..

How much to hold back for buying on dips (or how much you have for DCA'ing) will be within your own determination, and yeah, if you already made your lump sum buy, then surely you can ride it out better if you are prepared for either price direction... both psychologically and financially.

A lot of users here have stated what Bitcoin means to them but to me, I feel that Bitcoin is just the next generation life changer because they are going to be the ones that would enjoy more of the liberty that this digital currency has offered to mankind, and so far as Bitcoin continues to exist of which it would, Satoshi Nakamoto and crew would always be remembered for giving a solution to the world monetary problems through the invention and introduction of Bitcoin.

Actually you are correct that this needs knowledge but remember that there are so many people
who regrets their decision of studying first before investing because when they decide to finally invest? t
hen the price rose up so  much that they cannot afford the price.

Sometimes what we need to do is buy first then study, meaning you already have bitcoin in your pocket
while you are starting to learn because bitcoin is the best and safest of them all.

I'm still seeing many people out there waiting for Bitcoin's correction to start buying. Before Bitcoin broke its ATH, many people thought that Bitcoin would definitely have a big correction before the halving by referring to past data (including me ), and almost missed a major growth spurt of Bitcoin. It seems that things are changing in this cycle as the growth period seems to be much shorter than the cycles before Bitcoin EFT was approved. The large amount of money from funds and the dwindling number of Bitcoins circulating in the market have made Bitcoin prices move extremely unpredictable. My previous predictions were wrong, and I corrected them by allocating all my remaining capital to buy Bitcoin at 68k USD instead of waiting in vain. Not too bad for the crazy growth cycle ahead, right? .

   Bitcoin aka (BTC) in essence is digital money. Yes, just like today's cash (penny and dollars) replaced the barter system of old and stone money (See Stone Island and the Concept of Money), bitcoin has come to fulfill glaring needs. In a digital age, the world is getting smaller and we need to do things quicker, smarter, and ever more efficiently. Digital currency (of which bitcoin is one) fulfills these and more. It also provides far more security than we dreamed possible. So yes, it's time for fiat (what we call Minted money) to take a bow and exit the stage.
   It’s about offering transparency and freedom, as opposed to other investment opportunities that are more traditional. Blockchain is an unhackable, transparent, p2p-based network that simply doesn’t allow fraud. You can only lose your money when you transfer your bitcoin to the wrong address, as along as the transaction is been sent to the correct address, then you don’t have to worry about losing your money.  Bitcoin makes many people rich, and others take advantage of the freedom to send money freely. Bitcoin unleashes the opportunity to be your own bank. What will happen in the future, we can just make some suggestions. However, at this moment, there is a lot of exciting developments and many signals of global market adoption. It can lead to a new bitcoin age. Interestingly, the Internet needs digital cash.

some have Bitcoin as an investment asset, but there are also those who have Bitcoin for transactions or trading. it's not all about the profits that can be gained from holding Bitcoin. but we have to think about the use of Bitcoin in the future.
we know there is not much use of Bitcoin as a means of payment. Even though it is an alternative, until now the use of fiat still dominates. If you are a Bitcoin holder, of course, all of us need to encourage the use of Bitcoin as a transaction tool.

Your narrative, like many others, included smart investment and a classic pivot when the tides turned. I agree with you: Bitcoin is a revolution that anybody can use to build money in ways never before possible.

When Bitcoin's price skyrocketed, you made a sensible move to altcoins; diversification is crucial in any portfolio But dont write Bitcoin out. It adapts and grows, continually rising. Your method to purchasing dips and leveraging futures trading following major retracements? Brilliant. You're good at timing and strategy. Always remember that bitcoin is volatile, but volatility brings opportunity. Keep focused and lets succeed. huge results come from huge thinking, believing, and acting. You win this game that way.

It sounds easy, but it requires sufficient knowledge to make a profit from Bitcoin, especially since the crypto market is very volatile, so we have to be able to analyze the market as best as possible so that we know when is the right time to collect and sell Bitcoin so we can get satisfactory profits.

Like I always say, Bitcoin is an asset, it is to be invested and earn money from. Thankfully, Bitcoin is such an asset that is so affordable and easily accessible by anyone who is interested. You may be buying it little by little until you are satisfied with your holdings. I started mine in 2022 and I continued to buy as little as I could afford till 2023 but stopped later in the year due to the high price of the coin. This made my focus shift totally to altcoins and I have never regretted buying altcoins too since it is the general cryptocurrency bullish season now, you will hardly see a coin/token that will not earn for you this season.

By now, many people would have been regretting not buying Bitcoin when it was still very low, they might have been waiting for halving but the coin disappointed them by breaching above its ATH before the expected time. Well, it is never too late, even if one loses now, the next bullish season is there, and they can prepare better and even plan long-term savings that will help them to have a sizable amount of Bitcoin for better investments through it. Even now, it is not too late to continue to buy it through futures trading after a sizable retracement like what it did on the very day it retested its former ATH around $69,000. By doing that, a good buy plan with little risk could save the day instead of them missing out entirely.

Bitcoin is a very reliable investment, it always give people the results they want so far as they are ready to hodl bitcoin.  Their has been no time someone planned of not making profit from Bitcoin by hodling.  Bitcoin is a better store of value if one is ready to hodl some Bitcoin.  The value of bitcoin means so much to investors and the security of bitcoin being anonymous also means a lot to people.  The freedom that bitcoin has is of good benefit to people.

You are right in all what you have said, but Bitcoin Is not a narrow road to financial freedom. Bitcoin is a long journey to success because with HODLing for long you may be able to achieve it, but withe the mindset of a narrow way to success you may never achieved it. Bitcoin is not a ponzy scheme were they tell you to invest $40 and get $80 in 45 minutes, but with bitcoin you may be having in mind that you will hold for as long as 10 to 15 years, and as such there is no shortcuts. Achieving Bitcoin journey is determined by hardwork, focus, determination and a long term holding. The moment you get that to your mind then Bitcoin wealth is achieved.

There is no time like the present.

Waiting is not a strategy to prepare for UP and also to build a long and enduring investment into bitcoin.. so in that regard it takes a long time to build a bitcoin investment, so if you want to work towards financial freedom through bitcoin, then get the fuck started... and tell us how you are building rather than how you are waiting for a better entry point that may well not come.

You should already know with a forum registration date from December 2017.. You have had  alot of opportunities to buy since your forum registration date.. and what have you been doing?  Just waiting for a better entry date?

I personally started buying bitcoin at the top of the 2013 price, and yeah it took me a few years to get into profits.  With your forum registration date,  you could have been in a similar situation as me and building your BTC holdings from the start, and probably you would have had been in profits by mid to late 2020.and in a great position right now.. even with an ongoing buying strategy and many times to get in..

If had invested $100 per week since December 2017, you would have had invested $32.8k, but you would have nearly 2.7 BTC... Surely not a bad place to be.

In our latest run up, we have hardly had any meaningful corrections since October 2023.. and largely maybe we can go all the way back to November 2022 and suggest that there have ONLY been a few corrections since then that were greater than 20%... do a lot of people who have been waiting to get into bitcoin since November 2022 and maybe even earlier than that, and the right thing would have probably been to just jump in and do what you can.. and build your bitcoin holdings... which likely could take a newbie 10 years or longer to build up a bitcoin holdings.. so surely it is better to get started than either to wait or to continue to whine about how it is supposedly too late for you while BTC prices continues to go up and you continue to remain a whining no coiner who fails/refuses to act and just continues to say it is too late, when that is truly not true... and it is still not too late, but I imagine that we will find you 5 years from now still whining that you haven't bought any coins yet..

To me BTC is everything.
Infact it's either Bitcoin or nothing.
It is a narrow road to financial freedom.
With Bitcoin the future is brighter.

Well, from my view bitcoin is a valuable asset, bitcoin also serves as store of wealth like an investment, most people will love to buy things using bitcoin as a means of payment but from my perspective bitcoin has surpassed such level and people should learn how to treat bitcoin as a valuable asset by holding bitcoin. People usually address bitcoin as financial freedom and in my view bitcoin is a trusted investment compared to other investment, choosing bitcoin as an investment choice is perfect unlike other investment that requires huge amount for start, bitcoin investment has different accumulation strategy like the dca strategy used commonly by bitcoin enthusiasts.

If defined simply, Bitcoin is a digitally stored currency. Bitcoin has become a valuable asset because people are willing to exchange it for goods or services and are even willing to exchange it for cash. Its unique design, decentralized nature and unbacked by any government or issuing institution, is why investors treat it as a kind of digital gold to hedge against market volatility and inflation. All the advantages that Bitcoin has have encouraged many investors to make it a very profitable investment instrument. The ease of transactions without intermediaries makes the costs lower.

People usually buy bitcoin for various purposes, some want to use it as a long-term investment, with the hope of making a profit if one day they sell it. and short-term goals. But there are also other reasons. But for me, Bitcoin is a hope in creating a new ecosystem in the world of currency and with Bitcoin being a solution in dealing with finances because we can get satisfying profits as long as we know how to do it correctly.

To me, BTC means much more than just a digital currency. It's a symbol of financial freedom, a way to decentralize economic power and give people control over their own money. It represents innovation and the future, a paradigm shift in how we understand and use value in our society.