Quote from: junder on October 14, 2023, 02:17:01 PM

Quote from: Odohu on October 13, 2023, 04:45:39 PM

Quote from: junder on October 13, 2023, 02:02:52 PM

Quote from: Mayor of ogba on October 12, 2023, 12:20:28 PM

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What's the point of HODLing bitcoins? Do you think that if we all hold, the value of the coin will go up? Why do you expect increased demand for Bitcoin in the case of Hodl when there are alternative cryptocurrencies? There is no point in holding money, money has to be in circulation for new products to be created and for services to be done. That's how this world works and functions.

One of the points why people are hodling Bitcoin is because Bitcoin is a solid asset and the price always recovers in value after a decrease. Wealth comes from waiting, people will not like to invest their money on shitcoins and lose their money in the course of waiting through a rug pull or the price of the shitcoin dropping by -90% and not recovering again. People choose to buy Bitcoin and hold it for years because they know that holding Bitcoin's safer than hodling a shitcoin

Yes, that's what I know, Bitcoin has always experienced a high increase even though there are times when it has decreased due to several factors affecting the market, but compared to shitcoin, bitcoin is more likely to be promising with a bullish phase that can always dominate in recent years, just look at how the fate of investors who absolutely do not miss any opportunity related to opportunities in bitcoin. They managed to achieve sufficient or even significant profits.

Your comment completely agrees with Bitcoin dominance history which as can be seen shows Bitcoin dominated from inception until 2017 that is regarded as the birth of altcoins that say Bitcoin dominance dropped to 41%. As expected, from 2017 onward, there have really been a serious back and forth swing on Bitcoin dominance and this can be explained by some people making so much profits from altcoins at some point and others also loosing to altcoins too... a pure case of proliferation of altcoins.

One interesting thing to note is that from 2021 it got saturated after which the odd started tilting towards Bitcoin. Probably people started waking up to reality that Bitcoin is the real deal as many of the shitcoins that promised heaven and earth in terms of used case, scalability and all manners of congestures failed to deliver. Even founders of these the shitcoins would have converted significant portion of their holding to Bitcoin and this explains the steady rise of Bitcoin dominance.

As of today, Bitcoin is dominating approximately 50% of the market in a market where we have over three thousands altcoins. This is a pure indication that people are rapidly adopting Bitcoin.

Yes, that's the reality with Bitcoin over time there will be ups and downs in price but what must be remembered is that bictoin is promising that according to me whether according to other people may have different views on bitcoin. However, I believe bitcoin can be profitable someday but it cannot be separated from the risks that exist back to ourselves it all depends on us who run it.

With the increasing dominance of bitcoin, it will certainly be a good thing for all who understand bitcoin. Those who just know or even beginners have not realized that bitcoin will be profitable for their future, even though this is a good investment but in the long run but even though it will take a long time there will be satisfying results.

The current Bitcoin price is very much within range as this position will definitely increase. Because newbies never realize the growth of Bitcoin (those who do understand) and 2021 is the real proof of Bitcoin. Because the price of Bitcoin is going to the highest level and surely in the end of 2024 or in 2025 the price of Bitcoin will realize the highest level again. So I think if the current investment is left for a long time then one can definitely expect satisfactory results. Because many people have been profitable using the DCA method, and it is true that the DCA method is definitely profitable if invested for a long time.