Quote from: Pi-network314159 on Today at 04:10:58 AM

Quote from: Btcdeybodi on December 12, 2024, 11:50:20 PM

Quote from: Moreno233 on December 12, 2024, 07:32:39 PM

While we are busy with semantics of what poverty is and what it is not, Bitcoin have crossed $100k again and there are chances it will go higher. Perhaps we could also figure out how to make good use of the time we are in to buy more Bitcoin now that there seem to be a minor consolidation around the $100k price area. If there is any time to take buying Bitcoin seriously, now is the time because the price is still fairly low compared to when US and other countries that are considering making Bitcoin their reserved currency, will start buying Bitcoin, that is if they were not just being politicians when making those fine pronouncements. Nevertheless, we can never go wrong by buying more Bitcoin and expanding our portfolio.

I think you can just be straight forward and advice people to buy more bitcoins than talking about what the price might become if peradventure, the United States adopt bitcoin as strategic reserve asset. I mean who cares if they adopt it or not? Why do i have this feelings that people are now seeing bitcoin as a political currency whereby the policies that would be made by the government is what will determine it's price movement. Bitcoin is far from being manipulated by the government.

Sorry if I may have intrude into your conversation, but I don't think Moreno is wrong in his explanation. His words are a motivation for people to accumulate more now because bitcoin will increase sooner. Even as we believe in bitcoin we can't deny the fact that politics don't have a role to play in bitcoin growth. Bitcoin may take time to grow but there are scinero that occurs making bitcoin grow faster and politics is one of them. El Salvador make bitcoin there legal tender and it has increased bitcoin growth and many has followed suit in adoption. ETF approval is it not political decision?

Understand my point, am not saying that politics do not play a role in the growth of bitcoin, it does but am just saying that we should not depend much in politics because if politicians make positive comments about bitcoin and due to that fact they are public figures, their speech motivates some numbers of people and they now consider buying bitcoin, what will then happen when those politicians make negative comments in the future? are the followers also going to go against bitcoin simply because their Godfather made a negative comment? we should be wise and take decision on our own personal conviction instead of leaning on what anyone do or says.

Quote from: Pi-network314159 on Today at 04:10:58 AM

Speculation of Trump win to make bitcoin a reserved asset made bitcoin expirence a surge in price due to his promises, isn't it under politics? The summary of the whole matter is that many people are beginning to adopt bitcoin both the fans of Trump and the fans of microstrategy. In however way people chose to adopt bitcoin weather from political speculation or economics speculation or whatever system that motivates people to invest in bitcoin is also a factor of bitcoin Growth. Bitcoin doesn't grow on its own it is determinedby deman and supply and don't also forget that rumor and speculation is also a factor.

Now let me ask you, the surge in the price of bitcoin, was it before Trump was elected or after Trump was elected?. Yes, it was after the election. Which means if Donald Trumps makes any hate speech again against bitcoin as he made in the past, those who entered the market due to the influence of Trump will also abandon bitcoin right? Let us be guided and invest with our own sentiment of how we feel instead of waiting for one influential person to wake our spirit. I know that bitcoin majorly depends on demand and supply which means that the activities of investors buying bitcoin in the market is what causes price growth but even though the price is being affected by both positive and negative news, let's us not be swayed by political influence.

Quote from: Pi-network314159 on Today at 04:10:58 AM

Quote from: Btcdeybodi on December 12, 2024, 11:50:20 PM

Let us not be deceived, forget about what anyone says about bitcoin or what policies that will favor bitcoin or not, all we should just do is to accumulate till we have gotten enough bitcoins in our custody. $100k is not the peak of bitcoin so are still going to see it break more ATH very soon. Inasmuch as you are a long term hodler, there's so many opportunities that you will meet at some point in your investment journey.

Even as we are investing in bitcoin don't forget that motivation plays a vital role to make our journey a success. Definitely something must trigger a person to invest and speculation is one of them don't get me wrong each of us has what motivates us to invest. It might be that your own motivation and mine may not be the same. But our goal is to accumulate and get a sizable amount within a specific period of time.

Let your motivation come from your own personal feelings and assessment rather than come from politics. Your last line of comment is the most important thing. Accumulate, get a huge portfolio and Hodl for long term benefits.