What most beginners don't get about Bitcoin - page 2.

Hamza2424

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Quote from: Outhue on September 16, 2024, 08:05:24 AM

As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.

Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.

Even your words are looking like sentimental they are factual as well, as long as there's a strong community behind any narrative innovation, the success is for sure, such events can suppress the growth rate but in the end, all the resistance is gonna change into support. All my fellow newbies need to know that we've covered a huge journey from the narrative of Ponzi to bubble and bubble to reliability and now this reliability is gonna change into the store of value which is looking more optimistic in coming cycle.

TBH, there are mostly positive vibes in the elections at least according to the current comments from both sides.

FortuneFollower

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Quote from: mumang siat on September 17, 2024, 04:25:06 PM

Quote from: Ambatman on September 16, 2024, 01:37:18 PM

To be sincere I'm getting tired of seeing the election candidates name.
Everybody there would always be a new thread about it.

No it won't be the end of Bitcoin but it would slow it's adoption and growth.
No matter are we say it,Bitcoin exist in an environment and would be affected by factors in the environment
But mostly in a short period of time
Before everybody starts considering it old news.

Yes, that's right, they will only create new topics when the period starts.

We are not sure about the final word of Bitcoin, honestly this is something that we can even say is impossible, Bitcoin will continue to move in its own concept with fluctuations that occur by itself, and it seems that this will indeed have an impact on the growth of adoption which will slow down.

Yeah, some factors do be affecting the speed at which BTC moves, however, the biggest trends of it can't be pushed nor to the left nor to the right - it's essential to remember that, and that the elections won't be some kind of voodoo event that would do something with BTC Roll Eyes

Everything is going to be fine in the long run.

Dr.Bitcoin_Strange

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Quote from: Outhue on September 16, 2024, 08:05:24 AM

, history will repeat itself and there is nothing any powerful being can do about it.

Haha, the only thing that can be done is to deny the people internet access and it is an unimaginable action that will affect everyone if such thing happen.

Someone once told me that, if not for the support that Bitcoin is getting from the government, that it would not have seen the great adoption and value it's getting today and the reply I gave to the person is that, there's nothing good that the government have ever done to make the value of Bitcoin grow or to facilitate it's adoption. They only hate Bitcoin and try to stop it but they can archive, rather Bitcoin is even going higher. The below comment by @coolcoinz, I agree.

Quote from: coolcoinz

link=topic=5509406.msg64539500#msg64539500 date=1726510703

No US president has ever done anything good for bitcoin and I doubt this one will, yet we always had a bull market.

That's right.

Davidvictorson

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Quote from: Outhue on September 16, 2024, 08:05:24 AM

As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.

Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.

I just made read a similiar thread and I think my comments there will also be appropriate here. In my estimation, bitcoin is bigger than any individual or entity. So whether the election is won by kamala or Trump, it wouldn't hurt bitcoin. Those people who think that it will be the end for bitcoin, here's for you from my previous comment, I think that bitcoin has gone the stage where a single individual or entity can crash its price. This isn't 7 years ago. We have gone past that now. And now even a hundred tweets from Trump or the outcome of the election on Nov 5 isn't doing nothing.

Hewlet

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Quote from: Outhue on September 16, 2024, 08:05:24 AM

As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.

Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.

that some of the asperant are even trying to be bullish on Bitcoin is an indication that they've seen the strength of Bitcoin and the community Bitcoin has built overtime and have understood that it's a sector they can't ignore since it's one that's natural void of any attachment with a political believe or affiliation. The uniqueness of Bitcoin is that it's bigger than the deciton that a single nation makes at the pool of her election. Because of it global usage, even if a nation opt out of being involved in it, it might be the same reason why another country would want to come into the system. Even if Trump that's being bullish about Bitcoin wins, it might not affect Bitcoin so well like most persons probably anticipate. If Kamala wins or any anti Bitcoin person wins, Bitcoin will still strive even stronger in the midst of those kind of supposed difficulty.

el kaka22

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It's such a cool graph that shows that we are going up no matter who is the president of USA, maybe Americans can finally understand that they are not the whole world and the price of bitcoin doesn't give a damn about their president. Sure if there was some president that went "we are going to ban bitcoin" then yeah we could care, after all USA is a big economy and banning bitcoin would have been bad, but outside of that situation there is no reason to care about the president or the government there, we can keep ignoring it.

No matter who wins, as long as they do not ban it, the price of bitcoin will do fine and there is nothing we need to worry about, it's that simple. Of course this is not just about USA, it's the same for any nation out there, as long as it doesn't get banned, we don't care about UK or France or Germany or any other nation. The notion of thinking elections would mean something is an illusion and it doesn't matter at all.

ethereumhunter

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Quote from: Pandu Geddon on September 17, 2024, 04:22:38 AM

it might have an effect when the elected president is the president who will remove or turn off the Internet worldwide. it sounds ridiculous and impossible for the world situation that is increasingly developing like today.
however, beginners in investment sometimes still can't ignore popular or latest news on social media. whatever happens, must have a little effect on the psychological situation of novice investors. it would be better for investors to focus more on the development of their portfolio. don't think too much about things that might mess up our investment plans. focus on getting more.

I don't think there are a president who want to turn off the Internet in his country because he gets the benefit from the Internet. He will not takes too long to lead his country as his citizen will demo him to down from the president chair. Those beginners can use the lates news from social media but they must filter and search for the other news to compare and find the right thing. That is not doing by those beginners and just trust 100% with the news and they don't think much about that so they decide in fast without think if that news is a fake.

As an investor, we don't have to bother with the news because that can effect to our minds. If we want to focus with our Bitcoin investment, we don't have to think much about the other things. We can do other things to distract the negativity so we can back on the right track.

red4slash

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Quote from: Abu-Naim on September 17, 2024, 12:09:29 PM

Through tough times of covid19 pandemic where people were dying, Bitcoin survives, and despite all the hates Bitcoin is having across the world by governments just because it is decentralized, Bitcoin still stands, then I don't think this election will have effect in Bitcoin adoption across the world.

Because in the end consciously or not we can see the comparison even though we cannot deny that when the bitcoin covid also experienced a little estrangement but when a lot of people think and realise we can actually see that the movement of bitcoin never stops even though there are problems that will disrupt the economy in the end.

We just have to wait and see even though not everyone will be in bitcoin but in the end we must realise that until now more and more people will adopt bitcoin because they know the advantages of bitcoin can not only be used as an option for payment but there are other things where investing in bitcoin will also be very good to do so that they can achieve financial freedom as expected.

Onyeeze

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On your own do you believe that Bitcoin can end some day? For me Bitcoin has stand firm and nothing will happen to Bitcoin as I have seen the long term Bitcoin has stayed since 2009, if gold that has being existing long time ago is still evoke that means no president of US can stop Bitcoin to not exist, Bitcoin is not a particular country currency but generally used by different countries that knows about bitcoin, I know very well of bitcoin, and I know that bitcoin is something that even though every country us against it, it will definitely stand firm, so I know that bitcoin is digital currency not a centralized currency that can be controlled by a particular country government

mumang siat

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Quote from: Ambatman on September 16, 2024, 01:37:18 PM

To be sincere I'm getting tired of seeing the election candidates name.
Everybody there would always be a new thread about it.

No it won't be the end of Bitcoin but it would slow it's adoption and growth.
No matter are we say it,Bitcoin exist in an environment and would be affected by factors in the environment
But mostly in a short period of time
Before everybody starts considering it old news.

Yes, that's right, they will only create new topics when the period starts.

We are not sure about the final word of Bitcoin, honestly this is something that we can even say is impossible, Bitcoin will continue to move in its own concept with fluctuations that occur by itself, and it seems that this will indeed have an impact on the growth of adoption which will slow down.

348Judah

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I know that by the end of the year, we would have seen the results of the presidential race, but before then i hate seeing that people are taking it for granted that bitcoin is going to be affect by any of the presidential candidate emergence into office, bitcoin is not going to obey by the dictates of the people or by the way of how they are reacting towards it, because it was not designed to be under the control of the people, instead, the people were to see the importance of its adoption in everything that they do, which make it more of the fact that the people needed bitcoin more than how bitcoin could rely on them for its performance.

Dzwaafu11

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Quote from: Outhue on September 16, 2024, 08:05:24 AM

As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.

Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.

You are right. The current situation of bitcoin was seen to be impossible, but it happens now, so the thing is that I believe regardless of how they do it and try to bring bitcoin down, it will not happen, and the adoption of bitcoin will continue growing as more people are still coming. Although it will affect the market, as long as it does not affect the future of Bitcoin, there is nothing to panic about, for it will still bounce back.

One thing I believe is that even people that were talking about bitcoin before are now the top people who are holding bitcoin, so whatever they want to do, bitcoin will still remain there because many of these people also invested money in it, and also many influencers have already invested in bitcoin.

Zoomic

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Quote from: Abu-Naim on September 17, 2024, 12:09:29 PM

Quote from: Outhue on September 16, 2024, 08:05:24 AM

As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.

Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.

No matter the outcome, it will have nothing to do with Bitcoin future; it can only have effect in the market fluctuations because of the US citizens and the news might cause panic to some users who believe that the new coming government will have something to do with Bitcoin price.

On the contrary, the outcome of the elections will definitely have an impact on bitcoin price. No doubt, no political leader can erase the existence of bitcoin but the political outmosphere will sure have a significant effect on the market. A government in power that creates a friendly environment for Bitcoin to grow and gain mass adoption will definitely encourage institutional investors to adopt bitcoin. This will cause a significant effect on bitcoin price. Where there is no conducive environment for these institutional investors to come in, we can imagine what effect it will have on the market.

I am a Bitcoin enthusiast and I wouldn't hide from the fact because I am passionate about Bitcoin.

AYOBA

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Quote from: Emmanuelex on September 16, 2024, 01:46:21 PM

Years back, so many people, including politicians and influencers, spoke about bitcoin with the intention of discouraging its adoption, but here we are now; it is near impossible to stop bitcoin at this stage. The adoption rate is high and it keeps growing everyday as the world gets to know about it.

Yeah honestly the way people where spoken about the bitcoins adoption in the previous years back, both the politicians and the influencers of to say people where be with them during that time the bitcoins will not longer flow like up to now, because they where want to discourage people by bitcoins adoption; and Bitcoin is something that once a person is already knows how it work and bring a lot of profits it will be very hard to stop the bitcoins at any stages.

Quote from: Emmanuelex on September 16, 2024, 01:46:21 PM

So always ignore people who make those negative comments about bitcoin, it's their choice if they choose not to accept it, but it doesn't change the fact that bitcoin keeps growing and the market will keep doing well. The best I think the government can do now is try to control it. Hopefully they don't.

The way this life is going on now is not even necessary to seek for a person opinion when it comes to purchase a bitcoins, because of try to consult some people that you’ve having interest on Bitcoin instead of them to give encourage you; or comments something better they will be looking for a way to discourage you to stay away fro the bitcoins, and even though the Bitcoins market is not that well for now it will be more best in future: not till the government have control on Bitcoins; since the government don’t want anything that will make Bitcoins to develop in the country.

Abu-Naim

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Quote from: Outhue on September 16, 2024, 08:05:24 AM

As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.

Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.

No matter the outcome, it will have nothing to do with Bitcoin future; it can only have effect in the market fluctuations because of the US citizens and the news might cause panic to some users who believe that the new coming government will have something to do with Bitcoin price.

Through tough times of covid19 pandemic where people were dying, Bitcoin survives, and despite all the hates Bitcoin is having across the world by governments just because it is decentralized, Bitcoin still stands, then I don't think this election will have effect in Bitcoin adoption across the world.

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Quote from: Plaguedeath on September 17, 2024, 11:18:43 AM

The super cycle effect is more powerful than the presidential elections, that's why no matter who wins or lose, Bitcoin price will move based on the history.

It's power of historic rhythm and Bitcoin price can move with one of past fractals and with some small different than fractals. Generally, history repeats itself and Bitcoin continues its growth after each Bitcoin halving and each four-year market cycle.

History is shown there https://charts.bitbo.io/yearly-candles/

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Maybe short term effect is unavoidable since there are still many weak hands.

In the market, there are people with weak hands, but super greed mind and they bring money to this market to help intelligent investors to get profit.

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Right now, the price went back to $60K, I don't expect Bitcoin will go lower after this month.

I don't know, even it has some more months of corrections, re-accumulations, it will be just fine as Bitcoin preparation for a next bullish phase.

Quote

So, if you have bought Bitcoin when it was $50K, hold it.

Experienced investors already bought during latest dips but most of newbies missed these dips. Months ago, when Bitcoin price as above $70k, they hoped to get price about $50k to buy, but when opportunities came recent months, they were fearful and did not buy. They will regret when Bitcoin breaks current ATH and climb strongly towards $80k, $90k or $100k.

These dips, drawdowns in a bull run, are smaller than drawdowns in previous cycles but are still very good.
https://charts.bitbo.io/price-drawdown-from-all-time-high/

Plaguedeath

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The super cycle effect is more powerful than the presidential elections, that's why no matter who wins or lose, Bitcoin price will move based on the history. Maybe short term effect is unavoidable since there are still many weak hands.

Right now, the price went back to $60K, I don't expect Bitcoin will go lower after this month.

So, if you have bought Bitcoin when it was $50K, hold it.

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Quote from: TheUltraElite on September 17, 2024, 05:37:49 AM

The presidential candidate of "one" country does not matter to bitcoin. It may show short term ups or down but that is it.
What matter is whether they introduce new laws or regulations on cryptocurrency use or abuse during their term. Now I know that many people are betting on bitcoin for which candidate is going to win and by how much and all that, but it really does not impact the long term price of bitcoin.

This market is volatile and sensitive with news while newbies love reading news. Newbies are most vulnerable participants in the market especially they are very weak against bad news and fud.

You said the truth, that no one presidential nominee in a single country can impact negatively on Bitcoin. After get elected and become an official president, there are possible some new laws, and regulations will be signed by that new president but effects won't be like globally and last too long. Impacts will appear but it is because people in this market are affected and manipulated by news, so they mostly overreact against bad news.

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Beginners dont get it because they have not see charts through such events in the past.

There is a website for Bitcoin obituaries and Bitcoin historical price & events
https://99bitcoins.com/bitcoin/historical-price/

DeathAngel

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It is nearly time for the bullish period in the Bitcoin cycle. We have been chopping around for months now, many people are losing hope. This is exactly the time when Bitcoin starts to pump. I expect the last part of 2024 & then pushing into 2025 to be very bullish.

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Quote from: Ambatman on September 16, 2024, 01:37:18 PM

To be sincere I'm getting tired of seeing the election candidates name.
Everybody there would always be a new thread about it.

People are definitely milking this topic for activities and engagement. I understand that this is a very relevant topic for american citizens and the entire world are also aware and tuned in but crypto is hardly mentioned in the times when people expect these candidates to mention crypto. I feel like we are putting too much expectation and responsibility to these candidates to somehow uplift bitcoin when bitcoin can do it all by itself.

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But mostly in a short period of time
Before everybody starts considering it old news.

Well there’s two months left of this. Not that long left for this election to be over and people who keep saying that bitcoin will crash if a certain candidate wins can finally be proven wrong. We can then actually focus on bitcoin and take it out of political matters.

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