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Fivestar4everMVP

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Quote from: wally_toins on July 16, 2023, 07:07:09 AM

Hello, everyone! Do u guys think that Bitcoin or cryptocurrency is going to replace modern currency? In a near future?

Bitcoin has been doing very well as an alternate currency to fiat, I believe that even going forward, it will continue to do very well, there is no need for it or any other cryptocurrency, or cryptocurrencies in general to take over and replace modern or our traditional currencies..

Even though I know and believe that high inflation is probably going to hit and destroy traditional currencies sooner than many of us think, i still will not wish or want it completely wiped out from the system, the availability of an option or options is always the best, and besides, when inflation is make fiat lose value, it will be to the advantage of bitcoin because many will have no choice but to turn to bitcoin as a hedge against such inflation, which will further increase the value of bitcoin.

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The growth continues along with the increasing demand. This makes the limited supply reach high value in the long run. We should not think of the past, we should find reasons to invest at the present. Considering the growth even 0.01BTC will be more valuable. Nothing to worry about the entire supply had got distributed and all. Everything have got its usage and now it have reached a level which doesn't let the price go down to certain point. Governments tried to have control and now they've understood well and started legalising the usage. More positive things happening around and the same makes it a right time to buy bitcoin.

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Quote from: wally_toins on July 16, 2023, 07:07:09 AM

Hello, everyone! Do u guys think that Bitcoin or cryptocurrency is going to replace modern currency? In a near future?

Bitcoin can be an alternative but I always believe that it will never replace the major currency. One of the major reason is that the government has the power to dictate what currency their nation will use, and we all know the government always wanted to control everything. So Bitcoin being decentralized in nature does not meet the requirement the government needed to replace their national currency.

Quote from: mendace on July 16, 2023, 04:31:48 PM

Quote from: Flexystar on July 16, 2023, 12:22:16 PM

Great, needed this one so that I can speak some good words from my end as well. I have already surpassed the phase where I used question like this or think whether it’s right time or wrong time to get into bitcoin, whether I am late in the party and shit like that. Now I have already got my answers in that I am already in the possession of Satoshi which are my savings and hodling for the right time. I’m gonna ripen them and as you said be a Bitcoin OG one day. More than that I have kinda got a gut feeling that this times Bitcoin Halving is going to be crazy. Since there are now more people into bitcoin than all the previous halving. So let’s be ready for this and just nail it guys. Hodl.

What do you expect from this halving?

I believe he thinks that halving will trigger a hype and become the catalyst for the market bull run and the possibility of recording another all-time high.

Quote from: wally_toins on July 16, 2023, 07:07:09 AM

Why are you so sure that everything is for the best? Even if many have switched to Bitcoin this does not mean that everything will be in favour, if a bull were to return surely some alt will perform better than btc and many blinded by money will move again to these and new shitcoins.

Investors and traders are always looking for the possibility to profit so we cannot deny the fact that these same people who jumped to Bitcoin for profit will jump to altcoins for the same purpose of profitting. After all the market is there so that traders and investors are able to have a chance to profit from other wrong move.

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Quote from: Flexystar on July 16, 2023, 12:22:16 PM

Great, needed this one so that I can speak some good words from my end as well. I have already surpassed the phase where I used question like this or think whether it’s right time or wrong time to get into bitcoin, whether I am late in the party and shit like that. Now I have already got my answers in that I am already in the possession of Satoshi which are my savings and hodling for the right time. I’m gonna ripen them and as you said be a Bitcoin OG one day. More than that I have kinda got a gut feeling that this times Bitcoin Halving is going to be crazy. Since there are now more people into bitcoin than all the previous halving. So let’s be ready for this and just nail it guys. Hodl.

What do you expect from this halving? Why are you so sure that everything is for the best? Even if many have switched to Bitcoin this does not mean that everything will be in favour, if a bull were to return surely some alt will perform better than btc and many blinded by money will move again to these and new shitcoins.

Agbe

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Quote from: Z390 on May 13, 2023, 09:11:39 PM

1. Bitcoin total max supply is almost at 21milliion, why should I invest?
2. Bitcoin miners are not making more Bitcoin as they used to.
3. Bitcoin value is too high, I won't make enough gains investing in Bitcoin.

Before you nailed me to the wall for saying these, this aren't mine, they are shit talks I heard from people who believe that Bitcoin investment is too late, what advice do you have for them? Your contributions are welcome.

All I could tell such people is that, they should look at the bigger picture, we are still early than they think, how many people in the world are out of Bitcoin and Crypto? Not even 10% of the whole world population are in Crypto today, and the most effective reason for Bitcoin to keep growing is the adoption rate.

Like I keep telling people, with 0.1BTC in few more years you will be one of the Bitcoin OGs, all you need to do is HODL firmly.

Remember that some early Bitcoin adopters bought pizza with their Bitcoin, real scarcity rate and massive adoption is coming, don't stress yourself, just go for 0.1BTC.

I see all these your points as personal formulation of ideas because someone that has not involved in bitcoin will k ow all those things you mean there. And if really those statements are made by people then they are involved in bitcoin because the statements are well matured than someone that has no idea on bitcoin by the way, what I will say is that bitcoin has no particular time for investment. But people are saying that the best time to invest is the bearish time so what of the bullish time? Are they telling me that we can not invest in the bull period? We can invest at all time. There is no late comer in bitcoin investment.

Flexystar

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Great, needed this one so that I can speak some good words from my end as well. I have already surpassed the phase where I used question like this or think whether it’s right time or wrong time to get into bitcoin, whether I am late in the party and shit like that. Now I have already got my answers in that I am already in the possession of Satoshi which are my savings and hodling for the right time. I’m gonna ripen them and as you said be a Bitcoin OG one day. More than that I have kinda got a gut feeling that this times Bitcoin Halving is going to be crazy. Since there are now more people into bitcoin than all the previous halving. So let’s be ready for this and just nail it guys. Hodl.

letteredhub

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Quote from: wally_toins on July 16, 2023, 07:07:09 AM

Hello, everyone! Do u guys think that Bitcoin or cryptocurrency is going to replace modern currency? In a near future?

No bitcoin won't replace fiat currency it's only an alternative to the fiat for those persons that loves privacy, decentralization and wants to be fully in charge of their funds away from the centralized financial policies that to a large extent controls and oversees how people spend their money. Fiat currencyay have it's disadvantages but there's an all impotant aspect it covers and need not be replaced totally.

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Quote from: Z390 on May 13, 2023, 09:11:39 PM

Before you nailed me to the wall for saying these, this aren't mine, they are shit talks I heard from people who believe that Bitcoin investment is too late, what advice do you have for them? Your contributions are welcome.

All I could tell such people is that, they should look at the bigger picture, we are still early than they think, how many people in the world are out of Bitcoin and Crypto?

Those people simply don't understand because they are not interested, it's pointless wasting time to change their minds. The first time I bought bitcoin I told some of my friends what I was doing and, especially, why I was doing it: none of them were interested, few years ago they told me the really regretted not listening to me, then comes the bear market, I tell them again it's a good moment to buy something, at that point they believe the price will go lower and lower and just don't think it'll ever recover. Guess what? They never bought and they still regret it.

harapan

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Then there are people who believe it's too late for them to invest in Bitcoin. They feel they should have invested when 1BTC/$1k.
They fail to understand that there is no limit to how high Bitcoin can get to. It's was over $60k a couple of years ago, I bet there are people who felt it's too late for them, now it's about $30k. A time might come when it would be $100k and even then it won't be too late. It's never too late.
There's no such a thing as too late when it comes to Bitcoin. Feeling it's too late will only make you miss out on more opportunities that you would have taken advantage of.

lizarder

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Quote from: Z390 on May 13, 2023, 09:11:39 PM

Before you nailed me to the wall for saying these, this aren't mine, they are shit talks I heard from people who believe that Bitcoin investment is too late, what advice do you have for them? Your contributions are welcome.

I just want to highlight and start for your investment because it's never too late before you lose the opportunity to get involved in investing.

Quote from: Z390 on May 13, 2023, 09:11:39 PM

All I could tell such people is that, they should look at the bigger picture, we are still early than they think, how many people in the world are out of Bitcoin and Crypto? Not even 10% of the whole world population are in Crypto today, and the most effective reason for Bitcoin to keep growing is the adoption rate.

Those who refuse to recognize bitcoin as the best investment will continue to find ways to influence people. Bitcoin travel history can be seen in real time and there are many descriptions of bitcoin journeys that will encourage someone to be sure to get involved in investing. Not everyone sees the great opportunities in bitcoin because of their ability to value and hard to admit to bitcoin as the best investment asset ever

If all the world's population were involved in bitcoin then the amount available would not be enough for 1 bitcoin per person. Lucky those who have seen the future in bitcoin and Don't be put off investing in bitcoin if you can afford to invest.

wally_toins

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Hello, everyone! Do u guys think that Bitcoin or cryptocurrency is going to replace modern currency? In a near future?

EFS

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You are definitely not early, but you are not late as well. Considering total world population and number of Bitcoin owners there's a long way to go. You better start accumulating Bitcoin now than regret later. In 2013 I thought I was late to the party, after a decade I realised what opportunities have come our way. Those were early times. Now you missed the chance of making 1000x but you still have a chance to keep the value of your money and make a decent investment.

It's good to have a target. 0.1 BTC target you put is very achievable for most people. If you think you are late to own a full Bitcoin, you may go for 0.1 BTC target. I wonder where we will be in 10 years.

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Quote from: Blitzboy on July 16, 2023, 05:26:01 AM

We learned the hard way that many cryptocurrencies are just hit-and-run operations that leave behind a trail of angry investors. Who wouldnt feel cheated if they woke up to find their hard-earned money had been wasted on something that no longer existed? However, I agree with you that people who are willing to gamble with altcoins should know what they are doing.

Lets not lose sight of the fact that Bitcoin is the revolutionary technology that brought us here. Blockchain might potentially bring about a monumental change. Bitcoin, the prototypical cryptocurrency, is the one we can trust.

That's right, for altcoins, there's a lot going on, with their melodious singing that their coins are predicted to be a match for Coin A or Coin B so that many people want to enter. and only 3 months later all became ashes.

For BTC Not only us in this forum outside the forum many are paying attention to this revolutionary coin.

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The story about the pizza is already in the history it will never be perish, because it is experienced and written in the past, many people or investors really had a big regrets and this is the number one factors that affects the decisions of the new investors, Bitcoin today has a high price and many people or new investors had a doubt of buying it because it needs a big capital now a days so we cant blame them if they continue to ignore bitcoin,but gor me buying btc is not too late because bitcoin will surely reach 100k$ the problem is that we dont know when.

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Quote from: Dr.Bitcoin_Strange on May 17, 2023, 12:08:10 PM

Quote from: cydrix on May 16, 2023, 05:21:00 PM

For the long term, yes. I've been obtaining some altcoins to build up profits for my bitcoin investment. Since its multiplier is considerably better than bitcoin, it's not terrible to dabble with some alternative currencies. That's what I do. Even if someone were to advise me to avoid alts, I couldn't be convinced to concentrate just on bitcoin as I am aware of how much easier it is to make gains on alts than on bitcoin. I'm not a whale, therefore I'll merely find a means to increase my meager funds before concentrating on an expensive bitcoin.

In Bitcoin, you don't need to invest $20k at once; you can gradually accumulate your bitcoin, depending on how much you are earning and how much you are willing to invest. Even if you decide to invest $20 or less in Bitcoin every month, in two or three years, you will have a lot of Bitcoin in your portfolio and you would make profit from it (Bitcoin is not a get rich quick scheme). There are a lot of scam projects; some will only turn out to be shitcoins in the long run, while some might also do well to an extent, but so long as you know the risk you are taking by involving yourself with altcoins, good luck with that. Although some people may have made some profit with altcoins, it's referred to as gambling because you are not very sure if it's a project that was only launched to steal the money invested by the public. Some project may not meet their target, and from there, they will just run from their responsibility.

Bitcoin doesnt necessitate huge pockets to use. Like those bodybuilders, you cant establish a substantial Bitcoin portfolio by taking risky, short-term bets. A few dollars here, a few there, and eventually you'll have a solid BTC hoard. The power of DCA lies in this very fact. This methodical technique is superior to gambling on the wild west of altcoins in hopes of making a quick buck.

We learned the hard way that many cryptocurrencies are just hit-and-run operations that leave behind a trail of angry investors. Who wouldnt feel cheated if they woke up to find their hard-earned money had been wasted on something that no longer existed? However, I agree with you that people who are willing to gamble with altcoins should know what they are doing.

Lets not lose sight of the fact that Bitcoin is the revolutionary technology that brought us here. Blockchain might potentially bring about a monumental change. Bitcoin, the prototypical cryptocurrency, is the one we can trust.

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Quote from: famososMuertos on May 22, 2023, 01:47:23 PM

This thing of; that I heard or someone said "such a thing" about bitcoin on the negative side is old, retrograde speech, as I commented in another thread today, it is speech from bitcoin's past.

Those who arrive are welcome, those who don't, ok, have a good time, it's that simple, so! you don't have to blame anyone or invited, come on, history repeats itself, there are a hundred investments that have been ignored in the recent past, you go to the 20th century and review, many of the best evaluated companies today were undervalued, hence many missed the boat, but it is normal, everything is based on trust.

Compare to my Bitcoin investment when I was still new? I was just ready to take the risk is all, trust alone can't do this since investing on Bitcoin demands money, I was ready for any possibilities even before knowing more about Bitcoin, this was why I get to know Bitcoin better, so imagine if there are more people like me in the world today.

Some people are not been told yet, but believe me, many people are opportunists when it comes to something that could work or may not work, they are always ready to take risks, but if the word of Bitcoin never reached them they won't know.

Because of my past experience, that's why I still keep telling people about Bitcoin, humans are full of different spirits and minds, not everyone will talk nonsense about Bitcoin, the majority did though, but few numbers of people that I told about Bitcoin have the same mind as I have.

famososMuertos

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This thing of; that I heard or someone said "such a thing" about bitcoin on the negative side is old, retrograde speech, as I commented in another thread today, it is speech from bitcoin's past.

Those who arrive are welcome, those who don't, ok, have a good time, it's that simple, so! you don't have to blame anyone or invited, come on, history repeats itself, there are a hundred investments that have been ignored in the recent past, you go to the 20th century and review, many of the best evaluated companies today were undervalued, hence many missed the boat, but it is normal, everything is based on trust.

DaNNy001

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Quote from: Dr.Bitcoin_Strange on May 17, 2023, 12:08:10 PM

Quote from: cydrix on May 16, 2023, 05:21:00 PM

For the long term, yes. I've been obtaining some altcoins to build up profits for my bitcoin investment. Since its multiplier is considerably better than bitcoin, it's not terrible to dabble with some alternative currencies. That's what I do. Even if someone were to advise me to avoid alts, I couldn't be convinced to concentrate just on bitcoin as I am aware of how much easier it is to make gains on alts than on bitcoin. I'm not a whale, therefore I'll merely find a means to increase my meager funds before concentrating on an expensive bitcoin.

In Bitcoin, you don't need to invest $20k at once; you can gradually accumulate your bitcoin, depending on how much you are earning and how much you are willing to invest. Even if you decide to invest $20 or less in Bitcoin every month, in two or three years, you will have a lot of Bitcoin in your portfolio and you would make profit from it (Bitcoin is not a get rich quick scheme). There are a lot of scam projects; some will only turn out to be shitcoins in the long run, while some might also do well to an extent, but so long as you know the risk you are taking by involving yourself with altcoins, good luck with that. Although some people may have made some profit with altcoins, it's referred to as gambling because you are not very sure if it's a project that was only launched to steal the money invested by the public. Some project may not meet their target, and from there, they will just run from their responsibility.

If you want any progress with investing in bitcoin you will just have to know the bitter truth that you must and I repeat "must be patient", the reason why people swoop all of a sudden to different altcoins is because of the rapid pumping of these coins where as bitcoin you have to invest and wait patiently till the market looks friendly enough to sell and this can take a really long time but with altcoin you can get that extra profits very quickly but there is a hard truth attached to this sudden price rise too as the same rate at which it rises that's the same way it dump back and most times these altcoins drop so badly that you get to lose everything on your investment even the capital cash where as bitcoin nothing of such ever happens although the market turns bad sometimes but there is always a certainty of rise again, so its better to go for a reliable investment than a quick and deadly one.

Dr.Bitcoin_Strange

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Quote from: cydrix on May 16, 2023, 05:21:00 PM

For the long term, yes. I've been obtaining some altcoins to build up profits for my bitcoin investment. Since its multiplier is considerably better than bitcoin, it's not terrible to dabble with some alternative currencies. That's what I do. Even if someone were to advise me to avoid alts, I couldn't be convinced to concentrate just on bitcoin as I am aware of how much easier it is to make gains on alts than on bitcoin. I'm not a whale, therefore I'll merely find a means to increase my meager funds before concentrating on an expensive bitcoin.

In Bitcoin, you don't need to invest $20k at once; you can gradually accumulate your bitcoin, depending on how much you are earning and how much you are willing to invest. Even if you decide to invest $20 or less in Bitcoin every month, in two or three years, you will have a lot of Bitcoin in your portfolio and you would make profit from it (Bitcoin is not a get rich quick scheme). There are a lot of scam projects; some will only turn out to be shitcoins in the long run, while some might also do well to an extent, but so long as you know the risk you are taking by involving yourself with altcoins, good luck with that. Although some people may have made some profit with altcoins, it's referred to as gambling because you are not very sure if it's a project that was only launched to steal the money invested by the public. Some project may not meet their target, and from there, they will just run from their responsibility.

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Quote from: Alpha Marine on May 16, 2023, 02:45:29 PM

The problem is people tend to compare how things were before and how things are now. Instead of them to think about what will be in the future. People who keep feeling they're too late will always keep missing out on bigger opportunities.
We have to try and see the bigger picture in this. Yes, Bitcoin is relatively poor now when compared to where it was but we should also remember that it's better than where it was too.

We cannot really blame them because we can't also deny that we haven't thought of the same thing when we're still at our earliest stage. I'd say that it's somehow natural to look back on how were the things before and comparing it now as sometimes, that is all we needed at the least so that we can remember what was our reason why we take the path that we're walking right now. Yes, it's true that we have missed a lot of important opportunities but that does not mean that we cannot have it again in the future.

Topic: You are still very early - page 2. (Read 1026 times)