Never have I ever thought of this before, fair point right? Bitcoin is just any other tools that could be used anything you could imagine.

There are so many tools that isn't harmful but in the wrong hands can kill people. It's dumb that such people even talk about this.

Kudos to your thinking it reminded me how to think critically.

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BitcoinTalk username: cydrix
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You should be sure to explain to him clearly that while bitcoin can be profitable, it can also be hazardous and, if not used carefully, can result in losses. Inform him that he should keep holding and not view a price decrease as a reason for panic. DCA during this time is beneficial. This is an excellent moment to invest as well. By 2024 or 2025, bulls will awaken as a result of what is happening. The present is one of the best times to invest.

I anticipated problems the moment he bought a Twitter account because he believed he could use it to manage Twitter in the same way he does with altcoin projects, but there is still plenty to learn. I think the prior owner of Twitter might not provide those secrets to him, and believe it or not, if further time passes without action, the previous owner will return to acquire back Elon Musk's company. His issues began when he fired those employees, who, in my opinion, formed the backbone of Twitter and were better equipped to run it than the people he now employs, not to mention the limitations he imposes on them. As for me, I never imagined he would act in such a way without first investigating the Twitter algorithm before firing any employees.

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Username: cydrix
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Hoping to work with you again icopress!

re

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It is evident that fundamental news plays a significant role in driving the market, whether positive or negative. In many cases, the market behavior can override technical analysis when important news is released. For example, in forex trading, it is generally advised to avoid trading 30 minutes before and after high-impact news events. This principle also applies to crypto trading, including Bitcoin, as its price movements can have a significant impact on the volatility of other crypto pairs. Staying updated on the latest fundamental news related to the trading pairs, especially in the crypto and forex markets, is essential for analyzing their potential impact on price movements. Regularly reading and analyzing relevant news helps to make informed trading decisions.

Indeed, Bitcoin is still in its early stages, and the current price presents a potential investment opportunity. Considering the long-term perspective, one approach could be to start accumulating Bitcoin gradually for your children while simultaneously teaching them about how the system works. As they grow, their knowledge and understanding of Bitcoin will expand, and through experience, they will gain valuable insights about it. Meanwhile, the Bitcoin you have acquired for them will likely appreciate in value over time, potentially becoming a significant asset or inheritance for them in the future. This strategy combines education, investment, and the potential for long-term growth.

Bitcoin operates within its own ideological movement and is subject to the influence of regulators and governments. While complete regulation may be challenging, governments can align themselves with Bitcoin to some extent.

Regarding volatility, it is inherent to Bitcoin's nature and development. As a digital asset, Bitcoin aims to have value equivalent to traditional currencies like the dollar. This pursuit of value parity means that Bitcoin will likely continue to experience fluctuations regardless of its level of adoption. Its status as a "digital gold" contributes to its volatility as well.

In the event of a default, it is likely that the price of Bitcoin will experience increased volatility as two strong trends collide. On one hand, the price may drop sharply as Bitcoin is considered a high-risk financial asset. On the other hand, there may be a sharp increase in price due to the stable network hashrate and the ongoing mining of blocks approximately every ten minutes. Additionally, a fall in the value of the dollar could potentially lead to an increase in the value of Bitcoin in the BTC/USD pair. These factors contribute to the complex dynamics and potential turbulence in the short term.

There is a misconception that trading can lead to instant profits, but the truth is that without a genuine interest in learning, even with a large capital, reaching our profit objectives is unlikely. Predictions in trading are not always reliable, and the challenge lies in navigating market volatility and managing our emotions during fluctuations. Successful trading requires discipline, which demands courage and determination. It is important to avoid rushing and instead prioritize gaining knowledge before engaging in trading activities. Building a strong foundation of understanding is key to long-term success in trading.