HewletBitcoin started the trend for blockchain technology, and we're thankful for that. But it doesn't really do what it originally meant to do anymore.
Most people who invest in Bitcoin plan to keep it for a long time, like around 80%, according to statistics. The current idea that seems like a sure thing is to buy small amounts over time and hold onto it.
Remember when Bitcoin was supposed to be used for sending money directly to each other? I know there are ways to make it faster and cheaper, but there are newer and better choices now. Plus, the price needs to be steadier to work as money you can use every day.
Some people say Bitcoin is great to keep your money safe. I don't get that. A good way to keep your money safe means its value doesn't change much. But Bitcoin's value goes up and down a lot, so it's risky. Why trade the safety of government-backed insurance for something that can change so much?
Also, the price is going up mainly because people think it will. Everyone's buying Bitcoin because they think "it went up before, so it will again." Or "it's the main cryptocurrency, so it's valuable." But is it really useful or is it just worth more than it should be? I think it's the second one. And saying other coins should be worth as much as Bitcoin is crazy. Some of those new coins are already being used and have real value.
Bitcoin will continue to go up and people will either begin to use it as it was intended again or is it possible for it to become obsolete.
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copyleaks 73.2% probability for AIThe crypto world has seen some really exciting bull markets, and right now, it looks like we might be gearing up for another one. Whether you've been trading for a while or you're new to the crypto scene, it's important to take a moment and think about the lessons we've learned from past bull runs.
Looking Back: The past bull runs have been full of excitement and sometimes nerve-wracking moments. There's a bunch of stuff we can learn from those times. Remember the big runs in 2017 and 2021? And even the recent ups and downs? What did you take away from all of that? Maybe you realized how important it is to set clear goals for how much profit you want. Or maybe you saw that it's a good idea to spread out your investments and not jump into things just because others are. Let's talk about what we've figured out so that others can learn from us too.
Getting Ready for the Next Bull Run: If there's another big run coming up (we hope so!), it's a smart time to think about what you'll do differently. Are you planning to keep your investments for longer and not sell too soon? Or maybe you're thinking about taking some money out at certain points? Do you have a new way to handle risks in mind? Whether you're into looking at charts, doing research, or just keeping a cool head, lots of us would love to hear your thoughts.
Remember, the crypto world can be super unpredictable, and no plan is perfect. But by learning from our past and changing our strategies, we can handle the ups and downs better.
What do you think about the lessons we've learned from past bull runs? What's your plan for the next one? I'm excited to learn from all of you while I figure out my own strategy too.
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copyleaks 88.3% probability for AII really want Bitcoin to reach $100,000 soon. So, I wrote a letter to Bitcoin, asking it to be good and go up in value.
Dear Bitcoin,
I am just a newborn in baby in your arms and its not that I haven't heard about you or I was waiting for a conviction. I would love to name my son Toshi in honour of your creator, Satoshi Nakamoto. I want you to embrace me in your arms and be cool to me. Hopefully, you are doing well as I write this letter." I wished to take a moment to share my sentiments and opinions with you. You have succeeded in attracting interest and curiosity from people worldwide during the previous few years. You have had an indisputable influence on the banking and technology industries throughout your extraordinary journey.
To be honest, I've been keeping a careful eye on your development. Your ability to completely transform the financial environment and the manner your worth has increased are really remarkable. Because we believe in the potential you bring, many of us have committed our hopes and resources to your success.
It’s been a tough couple of years for bitcoin traders. And I’m not trying to blame you. I understand that you are volatile and prone to violent swings up and down. But, the thing is, the cost of everything is going up. Well- not everything…you see, your price isn’t going up much. A couple of years ago, you were over $65,000, and now, you’re hovering around $26,000. I can't help but dream about the day you'll hit the much-coveted $100,000 milestone as we look to the future. Many of us are looking forward to this objective, which is a reflection of our faith in you. It's amazing how you're able to overcome obstacles and seize fresh chances, and I can't wait to follow your adventure.
As I am aware that you are unable to read this letter, I still wanted to take a time to let you know what's on my mind. I hope that the upcoming year will bring about good things for you, that you'll keep moving forward and get closer to that remarkable number.
Thank you for being a part of this incredible journey in my life. Cheers to your success and the exciting possibilities you bring to the world.
You may think my problems are insignificant. After all, you are battling a legacy financial system that represses billions of people. You provide an alternative to the endless money printing and debt-ridden governments and institutions. And you have to deal with charlatans trying to champion you for their gains.
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copyleaks 91.7% probability for AIIt's time to share your experience.
(choose one question and share your thoughts)
1. what helped you blend into this space?
2. tell us how your journey in cripto has been.
3. what would be your advice to the newbie still trying to figure things out?
4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.
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copyleaks 70.9% probability for AI