These time sensitive videos may help you identify the important price ranges so you can mark your charts and know what to expect if the price moves in either direction.
Don't quit your job until you're consistently profitable though. You'll be under a lot more pressure if trading is your only income source - so you need to control those emotions.
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BoardBitcoin Discussion
Re: Why was BITCOIN invented?
by
JeremyW99
on 18/03/2023, 18:53:45 UTC
That was a good write up.
Bitcoin may have been created in response to the 2008 financial crisis, but it was a long time coming. Almost like it was some sort of divine intervention because the powers that be have been using their fake money system to cause immense suffering throughout the world long before 2008.
How people got duped into trading their time and labour for unbacked pieces of paper in the first place is a testament to how far we've fallen as a society. Adding to that, the ability to create and distribute those pieces of paper (or digits on a screen) is given to members of just a few families who own and control the central banks? It's truly insane.
Anyway, without going too far down the "rabbit hole" on here, this is the article that I usually direct people to in order to get them to realize just how insidious the current banking system is, and likewise, why decentralized alternatives like Bitcoin are so important for the liberation of humanity.
I agreed on that part that we are moving away from the original purpose of bitcoin. One of the big reasons for that is the lack of adoption and acceptance of bitcoin as a currency but hey at least we are keeping and collecting bitcoin as an asset now and waiting for the right time.
The adoption of bitcoin is good enough and I disagree with you that there is lack of adoption for it. You can say it about 10 years or 6 years ago but now, adoption is good enough.
He was talking about the adoption and acceptance of Bitcoin as a currency, not the adoption about Bitcoin as a commodities because both of them are different. Most of countries are accepting Bitcoin as a commodities, you can trade, buy or sell Bitcoin, but most of countries not allow their citizens to use Bitcoin as a legal tender where you spend it directly to buy something.
When you use Bitcoin as a legal tender when your government doesn't allow it, that's considered as a crime for them.
People are essentially just going to have to disobey those inevitable currency restrictions in mass. If they do, this could be the easiest revolution ever.
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Re: will bitcoin continue to rise
by
JeremyW99
on 18/03/2023, 16:16:30 UTC
If you're an inexperienced trader, just hold. If you're going to sell, do so at the end of 2024 or early 2025 as that will likely be the end of the current cycle and prices would theoretically be at new all time highs.
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Topic OP
New Bitcoin Commercial
by
JeremyW99
on 18/03/2023, 06:28:26 UTC
Whoever made this did a great job highlighting the stupidity of the traditional banking system.
If you don't have a lot of funds to store, you can just go with one of the mobile wallets on there.
If you have a relatively high amount though, scrape the money together and get yourself a hardware wallet (a basic nano s is fine)
Watch the video on there.. John Mcafee explains why mobile wallets can be vulnerable. It wasn't until I heard his explanation that I fully understood why hardware wallets are superior.