Quote from: JayJuanGee on June 16, 2025, 04:47:21 AM

For sure, this is a bit of an evolving situation since there are some elements in which bitcoiners are getting their dreams to come true with the level of attention towards bitcoin and so many governments, institutions and even status quo rich folks seem to be changing some of their tunes around bitcoin, including acting like they like bitcoin, at least for the purpose of their own hoarding of it, yet I doubt that they are excited about the various individual sound money and individual financial freedom aspects of bitcoin, which seems to be part of where bitcoin bringing power to the people, so I am not sure which parts they are wanting to bring in while excluding other parts, and surely there is a bit of a likely fine dance going on that continues to have a lot of uncertainties, including the various ways that aspects of the new areas of bitcoin adoption are likely to experience some blowing ups.

I am not claiming to know how it is all going to play out, even though each person is likely going to be better off to make sure that he is continuing to stack bitcoin rather than ignoring bitcoin and/or refusing to get off of zero, which happens to be the position and/or posture of around 99% of the world's population. They will likely end up coming in at a higher price..and there is ONLY so much any of us as individuals can do in order to help individuals to help themselves, even if some of us (as individuals who already own some bitcoin) are likely going to prosper from the extent that governments, institutions and/or status quo rich are pumping our bags to the extent that we have accumulated bitcoin rather than sitting on our hands in the past years (to the extent we have known about bitcoin for a while, and even you nikola22 may well have had some time to accumulate some bitcoin already since you have a mid-2017 forum registration date.

I think most new bitcoin investors like it only because the price is growing and there is an opportunity to make money. for institutions the aspect of financial freedom does not matter much. it's more important for the common bitcoiner. I am afraid that excessive institutionalization of bitcoin can do some harm. all these procedures KYC and travel rules do not particularly make the common user happy. also now analytic firms are tracking bitcoin flows better and better and this is harmful to privacy.

many people have heard of bitcoin before, but did not buy it. maybe now some of them will make some purchases but hardly large ones. of course, I have some bitcoin and have not sold it for many years. in my opinion the price is too low now and it's not worth selling. the most interesting bullrun is ahead.

Quote from: JayJuanGee on June 12, 2025, 07:41:16 PM

We should be figuring out how to devise plans and to execute strategies to protect ourselves and our bitcoin, even if we might have some bitcoin held by third parties, we may well likely realize that we should be aiming towards maintaining much of our BTC stash privately and protecting ourselves as much as we can, which may also involve ongoing attempts at learning, too..

as the price of bitcoin going up the number of people who want to take it away from careless users grows. bitcoin security is now one of the most important aspects and the very first rule is not to spread too much about how much bitcoin you have and where you store it. if you follow it the chances of losing bitcoin are smaller.

Quote from: JayJuanGee on June 12, 2025, 07:41:16 PM

Anyone living in countries with hostility towards bitcoin holders still have to figure out how to protect themselves, and the government is not necessarily helping them to be able to make the right choices if they are restricted from being able to accumulate and even transact in bitcoin, and I am not going to claim to understand all of the various obstacles that individuals are going to face to be able to make sure that they are able to hold bitcoin without overly suffering risks of getting locked out of their coins or otherwise rug pulled by their government or some supposedly credible 3rd party custodian. Rug pulling can happen in rich and poor countries.

I hope that number of countries hostile to bitcoin will decrease. but the authorities of many countries will be increasingly willing to impose taxes on bitcoin holders and this won't make happy the common bitcoiner.

nikola22

Posts

Merits