[quote author=Cryptoababe link=topic=5517702.msg64723952#msg64723952 date=1731246599
I don't trade futures currently due to hitting multiple stop losses. I trade spot instead, making modest profits because I've been able to get a 50% discount on fees using Bitget's Telegram mini app which I don't even know how long that will last. So, I've been considering going back to Futures trading because I want to take a full advantage of this bull market.
[/quote]
Bitcoin futures carry a much higher risk; you could lose everything in just a few minutes or even seconds. I believe the best approach is to buy Bitcoin from any preferred exchange and transfer it to a cold wallet until this bullish cycle ends. 2025 will be the year of Bitcoin. Yes, I’m bought in.

Bitcoin no longer holds the same perception as before; it is no longer solely embraced by free individuals, for whom it was originally created, but is now also adopted by governments, both powerful and less so. If the United States establishes a strategic reserve, similar to Bukele’s approach, we are on the verge of an extraordinary phase for Bitcoin. It won’t be the same—no, it won’t.

My statements a month ago, in this remarkable forum, about Bitcoin.

Bitcoin has always maintained the same concept: a completely decentralized currency where the price fluctuates based on supply and demand. It is unalterable, unhackable, and cannot be manipulated. With the dollar, or any type of fiat currency, anything can be done, including manipulating citizens. Bitcoin is the complete opposite of government-issued currencies. A major step is what El Salvador is doing with its Bitcoin reserves; that is cryptographic progress.

"Bitcoin's price recently dropped as expected, driven by the great uncertainty surrounding the war in the Middle East. We hit a low of $59,000 in recent days, but the price has started to rise again. Ideally, Bitcoin should reach $68,500 and break upwards with strong trading volume. We also need to consider the state of the global economic environment, and keep an eye on the upcoming U.S. presidential elections. A month of uncertainty is ahead, not just for Bitcoin.

The problem that large economies face, as is happening in the United States with the current administration, is that the government adopts socialist economic policies. These policies rely on printing excessive money to finance initiatives like providing housing and food to illegal immigrants, giving a monthly allowance to low-income individuals with five children, and funding LGBT-related policies, among others. As a result, these types of countries embrace fiscal deficits, which in the medium term leads to inflation. In poorer countries, not only does this create normal inflation, but it also leads to hyperinflation, with annual rates in the triple digits. Wages quickly lose value, and people stop trusting the system.

I believe that with that amount of money, living in the United States and having a normal lifestyle with certain pleasures, you can invest all that money in U.S. Treasury bonds, with an annual interest rate of 4%. You would be receiving $600,000 in interest per year. Less than 1% of Americans earn that amount in a year.

What many governments don't understand, especially regarding how Bitcoin works, is that it is impossible to ban or eliminate it, since banning Bitcoin is like banning the internet. Politicians who want to control the banking system and force everything to go through it don't realize that individuals can trade Bitcoin with just a device that has internet access and do so anonymously. Not only that, but they can also send funds outside the country to anywhere in the world. Bitcoin has no entry or exit barriers, and governments will have to learn to live with that, and for those who don't like it, too bad.

Trading in the cryptocurrency market is very complex due to its volatility; it’s not the same as trading on the stock market. Keep in mind that trading is one of the most complex jobs in the financial industry, requiring an average of 10 hours a day in front of the screen. No one becomes a trader overnight; it’s impossible. If you think you’re going to dedicate yourself to trading because you got good results in your first three trades, you will go bankrupt, just like the vast majority who want to get into this business.

If you want to safeguard Bitcoin for the long term, it is recommended to store it in a cold wallet or hardware wallet. It's especially important to ensure its security by writing down the 12 or 24 seed words on paper. Obviously, you can hold Bitcoin or any other cryptocurrency on a reliable exchange, such as Binance, Bybit, etc. However, you need to be very diligent when managing your Bitcoin.

At that time, Bitcoin was only a concept; it wasn't tradable on any exchange. It could only be traded person-to-person (P2P), and the price was agreed upon by both parties.

The major issue is that as the years go by, the average salary becomes insufficient because we are spending more and more time working for the government. Let's keep in mind that many first-world countries are being governed by socialist or similar ideas, where politicians need to keep the population ignorant and poor in order to manipulate them. All of these decisions come at a cost, and as time goes on, the state grows larger and the expenditure increases, leading to higher tax burdens, which are ultimately paid by the private sector.