I think the most effective way to orange pill someone is to wait for them to ask you, “what’s your secret?”, and it doesn’t matter what they are referring too, whether it’s mental health, cooking, or health. Your answer should be “#Bitcoin and Proof of Work.”
I came for the NGU and stayed for the philosophy.
I seize #Bitcoin accumulation opportunities, or 'dips', as they arise. History has shown these opportunities are fleeting. I value #BTC even during stagnant periods, as I'm confident in the eventual return of volatility.
I'm intrigued by the amount of institutional money poised to enter the #Bitcoin market via spot ETFs. However, I'm not concerned if we maintain the current price levels or if the ETFs are rejected. I appreciate affordable #BTC and prefer to keep this financial innovation less crowded for selfish reasons. Oops. 😅
As a minimalist, I value simplicity and efficiency in all aspects of life, including finance. That's why I'm a #Bitcoin maximalist. I see #BTC as the future of finance, a simple yet powerful tool that aligns with my values of hard work and exploration. It's a testament to human imagination and innovation, and I believe in its potential to revolutionize our financial systems.
When will #Bitcoin price trends become the primary indicator of global economic health? While some already use it as such, I believe its acceptance will grow gradually then suddenly, mirroring the narrative shift in traditional finance. The first movers may attempt to suppress #BTC while establishing their positions, but #Bitcoin’s scarcity could lead to supply shocks. Despite the immense capital required to match previous bull markets, isn't it plausible that major players with known intentions have the resources to dwarf retail investments in #BTC?
I believe this cycle will spark a trend where alternative coins lose their allure compared to #Bitcoin. It'll become clear that no other asset, whether digital or physical, offers the unique benefits #BTC does for long-term value preservation and growth.
The inherent risk simply doesn't justify the potential reward, especially when #Bitcoin is an alternative. This could lead to an interesting outcome where #BTC dominance increases even without substantial capital influx into the crypto markets. And when capital does flow in, it's likely to be more concentrated in #Bitcoin due to the clarity and validation we've gained from this past bear market.
The unpredictable nature of #Bitcoin rallies underscores the importance of maintaining a consistent presence in the market, rather than trying to time it. The joy derived from stacking satoshis further echoes this sentiment, highlighting the satisfaction of gradual accumulation over time.
I'm enthusiastic about the potential adoption in the next #Bitcoin cycle. Either outcome satisfies me.
If we see extensive adoption, it's beneficial globally, which is gratifying.
If the adoption is less than anticipated, it favors the truly committed, which is equally pleasing.
I'm uncertain how much longer #Bitcoin will remain below $30k. My hope is that it stays under $70k at least until the halving event, the longer it does, the better.
With about 280 days until the halving, which has typically been a significant catalyst for #Bitcoin, I'm keeping a close watch.
Taking advantage of short-term volatility to increase my #Bitcoin exposure is an opportunity I value. While some overcommit to #BTC, risking their long-term conviction and often reducing their stake at less-than-ideal times, I advocate for a gradual and consistent approach to avoid such predicaments.
As the bull market's allure intensifies and FOMO sets in, I'll stay committed to this measured strategy with #Bitcoin. It's vital to remain prudent, even amidst the coming excitement.
The controversy surrounding ETF filings no longer concerns me. Instead, I find the growing endorsements and evolving opinions on #Bitcoin exhilarating.
As for the “then they fight you” stage, there may be more battles ahead, but they're clearly on the losing side.
The true value of #Bitcoin becomes evident in bear markets. These periods often clear out pretenders, leaving behind only the dedicated and the opportunity for affordable sats. As we anticipate a rush of newcomers due to upcoming catalysts, education becomes critical.
Some may view #BTC maxis as toxic, but in reality, they're often just trying to share their hard-earned wisdom. It's important to understand that there's no 'second best' to #Bitcoin, and the ultimate goal isn't just to accumulate more dollars, but to enhance long-term purchasing power.
Despite short-term FUD, my long-term belief in #Bitcoin's value remains steadfast, particularly in light of the upcoming halving event and potential approval of a spot #BTC ETF. Furthermore, speculation about future rate cuts only strengthens my conviction. Historically, #Bitcoin has often inversely correlated with the dollar's purchasing power. With the recent dip in the dollar, it wouldn't be surprising to see #BTC play catch-up. Thus, I remain undeterred by recurring and often incorrect claims of market dumps.
The uncertainty surrounding Binance raises questions about its potential impact on #Bitcoin's price. If Binance were to falter, would we see a cheaper #BTC, similar to the aftermath of FTX? Would this lead to a black swan event, or could the excitement around halving offset it?
Recalling the FTX situation, it was a challenging time for morale but a golden opportunity for accumulation. Currently, the sentiment is significantly more positive, which benefits us. While there might be another accumulation opportunity, given the current circumstances, it's hard to envision #Bitcoin dropping below $15k again.
The recent surge in new #Bitcoin addresses, hitting a yearly high with a 7-day moving average of 501,440 (the highest since May '21), signifies an important trend. Price and adoption are positively correlated in the #BTC market. Therefore, being bullish on the price naturally implies being bullish on adoption, and vice versa. Why not be optimistic about both? After all, increased adoption can lead to higher prices, and higher prices can further drive adoption. It’s a slippery slope!
Despite the tempting prospect of #Bitcoin dropping below $25k for increased accumulation, it's unlikely we'll see such a dip. With each price fluctuation, FUD may increase, potentially leading to a larger bear trap. However, it's crucial not to let these price changes sway your belief in #BTC. Your conviction should be rooted in your understanding and belief in its long-term potential, not its current market price.
Moreover, remember that the demand for #Bitcoin isn't just about owning it. It's also about its functionality and the demand for it to work efficiently. This functionality demand amplifies #BTC's intrinsic value, making it more than just a tradable asset.
Some banks seem to be restricting accounts linked to #Bitcoin transactions, almost as if they feel threatened. But we've overcome price suppression before, and if my bank account were to be closed, I'd transition fully to #BTC. It might initially be inconvenient, but there are apps that convert checks to #Bitcoin and simplify fiat conversions with gift cards. With effort, I believe using only #BTC could become more convenient and beneficial.
I only keep enough money in my bank to cover taxes and bills. I feel uneasy with more than that. It's ironic that banks won't trust me with a negative balance, yet they expect forgiveness when they require massive taxpayer bailouts, offering no return on investment. How many times has #Bitcoin needed a bailout?
The question is, are you ready to become your own bank? Are you prepared for the day when you might have no other choice?
Around 3.8% of the total #Bitcoin supply has changed ownership at current prices, even more than at the last bear market low. This suggests that new owners might be more steadfast. Therefore, a potential rally shouldn't be surprising for those who are closely tracking.
Currently, approximately 7.77 million #BTC are off the market due to being lost or held by the most resolute investors. This indicates a significant portion of #Bitcoin is in strong hands, which could further drive its value in the future.
It's not about rushing to acquire as much #Bitcoin as possible, but rather about gradual and mindful accumulation. Even if #BTC only reaches its ATH again, that's still a significant return on investment. However, it's crucial to maintain a humble mindset, assuming it may not break the ATH, to mitigate unnecessary risk. It's not a necessity to sell all your belongings for #Bitcoin. A modest approach can be more beneficial in the long run, contributing positively to mental health. Overexposure to #BTC can be overwhelming; gradually increasing your exposure can better prepare you for a long-term commitment.
The anticipation surrounding the #Bitcoin halving suggests that we've only glimpsed the tip of the iceberg in this cycle. As the dam of restraint begins to crack, a flood of bullish sentiment is poised to surge, becoming a formidable force in the market.
Furthermore, with only 20% of #BTC addresses currently at a loss, these are the ones that stand to gain the most from this situation. Accumulating more sats at the current relatively low price could help offset their losses and potentially position them for future gains. This is an opportunity that shouldn't be overlooked.