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Topic: We are still early (Read 549 times)

fschumann (OP)

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We are still early

January 02, 2025, 04:02:24 PM

I just wanted to share some thoughts on the adoption of Bitcoin in general. I do believe, we are still very early. Most people do not even know what Bitcoin is or see it as a scam whatsoever. I think Bitcoin will easily see the $1.000.000 in the 2029 bull market. Now we have MSTR, Blackrock, Trump, and governments who plan to create Bitcoin reserves. We have never had that before. The 2025 bull run will be different from everything we have seen so far and it will probably continue until late 2025. Perhaps, we won't even be talking about Bitcoin in the future anymore, but about Satoshis, because it will be impossible to get a whole Bitcoin or even just 0.1 Bitcoin.

I do believe, holding 0.1 Bitcoin will be considered a significant amount in the future. You can probably buy a house with that amount of Bitcoin. Just think about where Bitcoin was 10 years ago. It really has just started since the 2021 bull run. I'm 17 years old, obviously missed the 2017 and 2021 bull run. But I have the opportunity to invest a couple thousand dollars this bull market, even though I'm not 18 yet. I will not miss that chance. I hope to be able to get 0.1 Bitcoin until the end of 2025. My ultimate goal is to get 0.21 Bitcoin. However, for me being able to accumulate a whole coin, is already too late.

I do this not only for me, but for my family. For my children and grandchildren. It might be scary to get started and investing thousands of dollars, you worked very hard for. But trusting the government is a thousand times worse in my opinion. Just look at the Euro or Dollar. The government can just print as much as they want. It's ridiculous. That's also why I'd never sell my Bitcoin, but just buy more and HODL. I don't care if it will drop 80% whatsoever. Because in the long term, it will increase in value. That's simple math.

So I just wanted to share my opinion in general and think most of you would agree. P.S. if any of you has a job opportunity for me to earn some small amounts of Bitcoin, write me. Maybe you have a company and need some help, doesn't matter what. I'm always interested in things like that. Grin

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Re: We are still early

January 02, 2025, 04:38:11 PM

Congratulations for knowing about Bitcoin, but we don't need to know your financial future plans, that's for you to absorb and work towards it. This is big forum and some details aren't meant to be written here because it's of no use to use.
Another advice I hope you don't invest more than what you can lose, yes I also believe strongly in the abilities of Bitcoin but one key investment advice you should never joke with is don't invest what you can't afford to lose even if you are investing in Bitcoin.

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yudi09

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Re: We are still early

January 02, 2025, 04:41:28 PM

Quote from: fschumann on January 02, 2025, 04:02:24 PM

Contrary to you, most people do not know about Bitcoin. Nowadays, Bitcoin is already widely known globally regarding the answers to the questions what, why and how about Bitcoin.
Those who consider Bitcoin a scam are not nonexistent, but a small number of people.

We think it is still early, for most others think it is too late. The future of Bitcoin will be even greater and the amount of 0.5 is not the amount that everyone wants but more. The analogy of 0.5 can buy a car, a house and others that have been missed in the minds of people who are still Bitcoin investors now.
Just because it is expensive for people new to Bitcoin, it means Bitcoin is a good way to get rich quick. That is wrong.

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Re: We are still early

January 02, 2025, 04:55:15 PM

Merited by Mayor of ogba (2)

Quote from: fschumann on January 02, 2025, 04:02:24 PM

I think Bitcoin will easily see the $1.000.000 in the 2029 bull market.

That is your own opinion and it will not be a general opinion. It is a free forum bro predict bitcoin any amount of your choice. 2029 is the next USA President swearing in year and this just at the corner after Nigeria general election and the swearing in events. I see this this your prediction as an imagination work which can't be realized in that year. It will be realized in the future but not that specific year of yours. Bitcoin hit $107k last year and bitcoin will not hit $200k in this year and next year it will not hit $300k and 2028 will be the next bull market again and it will hit $200+k and it is only one year that is left for your prediction. If you predicted from $300k to $400k, it would have been somehow reasonable.

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Tmoonz

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Re: We are still early

January 02, 2025, 05:28:57 PM
Last edit: January 02, 2025, 06:11:35 PM by Tmoonz

Quote from: fschumann on January 02, 2025, 04:02:24 PM

Bitcoin investment is not and can never be Scarry to those who truly believes in it, perhaps everyone is expected to invest with an amount that suits them in terms of their financial situation, risk tolerance level and investment horizon inclusively which might differ from one person to the another, Bitcoin investment can as well be simplify by making use of the DCA strategy where investment decisions are taken without any form of financial pressures, figure out how much you can comfortably make readily available for investment after taken care of your basic needs, it is never too especially if it is approach with a long term perspective. However, it is important not to invest out of fomo surely Bitcoin still has a long way to go hence all the peace of mind is needed to grow such an asset class.

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bettercrypto

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Re: We are still early

January 02, 2025, 05:30:45 PM

It is indeed that in these times there are still many people who are not positive about bitcoin unless they see its price increasing again in the market. That is always the case with most people who do not know about bitcoin, which is when they see that the price value of bitcoin in the market is too expensive, that is when they will decide to buy bitcoin to save and that is how bright their thoughts are, which for me is too late for them to buy.

It is not the right mindset to buy when the assets that you think will give you massive income are expensive. Let's not be like these types of people who have this kind of mindset.
So if that is your plan, then good luck with your plan.

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Re: We are still early

January 02, 2025, 05:45:04 PM

I admire people like you who are still young but already have such thoughts. It's inspiring that you have a clear vision and determination. I agree that Bitcoin is still in its early stages, most people haven't even scratched the surface of what Bitcoin and blockchain represent. I admire your mindset of focusing on the long term even during market dips because I'm the same way. Just keep networking and exploring opportunities because that's how I started too. I see my younger self in you.

Rruchi man

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Re: We are still early

January 02, 2025, 05:50:41 PM

Quote from: fschumann on January 02, 2025, 04:02:24 PM

I'm 17 years old, obviously missed the 2017 and 2021 bull run. But I have the opportunity to invest a couple thousand dollars this bull market, even though I'm not 18 yet. I will not miss that chance. I hope to be able to get 0.1 Bitcoin until the end of 2025. My ultimate goal is to get 0.21 Bitcoin. However, for me being able to accumulate a whole coin, is already too late.

When I was seventeen, I am not sure I was thinking about anything investment, so it is really good, and I applaud you for you to be considering securing your future through investment even at this very young age.

As a warning, you have to be careful though, because based on your age, if you are not properly exposed to some security tips and methods in which people have been swindled off their cryptocurrency before, you may easily be deceived.

Your decision to invest is not one that you will regret.

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Re: We are still early

January 02, 2025, 07:08:59 PM

Seeing the price growth and adoption continue to increase over time makes me believe that there will be a time when Bitcoin will become a mainstream payment method. This means that even now we are still in the early stages because there are not many services or goods that make Bitcoin a payment option.

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Re: We are still early

January 02, 2025, 07:12:17 PM

#10

Few years back when Bitcoin was very cheap, some persons thought they were late and would rather invest in some shitcoins. While others who bought early also sold their bags because they never believed in it. I bet you these set of persons would be regretting whenever they look at the price today. But the thing is, it's still not too late to ape a bag now. As many persons get onboard, the demand will increase as well as the price and like you said, 0.21BTC might actually worth a fortune tomorrow.

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Re: We are still early

January 02, 2025, 07:17:45 PM

#11

Quote from: Agbe on January 02, 2025, 04:55:15 PM

Quote from: fschumann on January 02, 2025, 04:02:24 PM

I think Bitcoin will easily see the $1.000.000 in the 2029 bull market.

It is quite early to have a final statement of Bitcoin in the coming years, although history says that Bitcoin will peak this year, there is still a possibility of Bitcoin hitting $200k or more than that. We all know Bitcoin market is still unpredictable. Who would thought that Bitcoin would be able to breach $100k dollar last year? Most thought it would happen this year but due to Trump's electoral strategy, and winning the presidency, Bitcoin surge more than expected.

But for $1m on 2029, I agree with you that it is somehow steep for BTC to hit such an amount. I do not even think that it will breach $500k on its next bullish cycle but that is just me, who knows Bitcoin will shame me and hit $500k in 2028 (that would be better). But yeah, it is a free speech forum so anyone can utter out what is on their mind.

The Bitcoin market/industry is still young and yes it is still early for adopters. Countries are just starting to appreciate the opportunity Bitcoin Industry bring.

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Re: We are still early

January 02, 2025, 07:31:16 PM

#12

Quote from: Agbe on January 02, 2025, 04:55:15 PM

Quote from: fschumann on January 02, 2025, 04:02:24 PM

I think Bitcoin will easily see the $1.000.000 in the 2029 bull market.

The truth is, we can't tell exactly what will be the future price of bitcoin by 2029. However, hitting $1m by 2029, it's probably too early for that price. We are still currently hitting $100k, so your prediction OP might be too far from being reasonable. Of course, no one is wrong here, but let's stay reasonable on our prediction as much as possible.

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Re: We are still early

January 02, 2025, 07:49:17 PM

#13

I think everything is possible and you can accumulates any amount you want If you are determined. Bitcoin investment is something you can begin with gradual process without investing so aggressively, even though there are people who has seems invest aggressively because they have missed much would still end up regretting their sing action because most times the market may dump where they could panic sell since they don't understand the market.

Yes you are still young but I will still encourage you not to do anything nasty to have bitcoin, instead you can go for side hustle after school to make up some savings for yourself to buy bitcoin. There were people who missed 2009/12 yet they didn't killed themselves, some managed to secure bags of bitcoin but they dump it big time when there seems to be little increase on the market, and today they are regretting for their silly acts.

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Re: We are still early

January 02, 2025, 08:31:48 PM

#14

The talk about "early" is both right and wrong. It's true that not many people are using Bitcoin, but its path isn't a straight line - it's a circle. . It's driven by halvings, media hype, and big players trying to trick the little guys. What's the difference now? There are more people and more money, but there is also more resistance. Not only do governments keep an eye on Bitcoin, they're afraid of it. As more people use it, they will fight back even more strongly by adding more rules and cracking down

Your goal of 0.1 BTC (or 0.21)? Doable in every way. Just be persistent and follow through. But listen up: just adding sats isn't enough. Get good at the game. Lightning Network? Privacy tools? Self-custody? You have to have these; they're survival tools. Bitcoin isn't just something you can hold; it's also about freedom and safety that regular money can't provide

And fiat? It's going down. From 2020, the US has created more than 50% of all the money in the world. That's crazy. Bitcoin doesn't just protect you from inflation; it gives you freedom. Getting rid of the middlemen and taking charge again. Think big, but start small. It will mean more than just wealth to have 0.21 BTC by 2029. It will mean you saw through the hype and had the guts to stick with it. That is the real move of power

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Adams0001

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Re: We are still early

January 03, 2025, 10:04:45 AM

#15

Quote from: sokani on January 02, 2025, 07:12:17 PM

They have many people that regret why selling their coin so easily because they are scared of losing funds, but when they realise that is real, they still try and invest and now they are happy without regretting anymore because they used their sense because some will be complaining that they missed they didn't invest easily and in bitcoin, I don't think there is actually time to invest in bitcoin because the price can fall and rise at any time. Is just for you to be patient enough and focus, and you will see you will be profitable on it.

Bitcoin has already come a long way all we have to do now is follow it gradually. We don't know where bitcoin will go in the future, simply invest and leave it for the long term, and you will undoubtedly achieve your goals. With all of this, we are predicting that bitcoin will reach 200k or 1m in 2029. We don't know what he will be during that time or whether the price will decrease, dip, or increase, we are just imagining, Cheesy

but it is very advisable to invest when you have enough funds and invest large amounts so that whenever he increases, you will be sustainable.

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Mpamaegbu

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Re: We are still early

January 03, 2025, 10:35:42 AM

#16

Quote from: fschumann on January 02, 2025, 04:02:24 PM

I just wanted to share some thoughts on the adoption of Bitcoin in general. I do believe, we are still very early.

I want to believe you've some Bitcoin set aside for the long term and not just scalping it. If you don't have that plan, your knowledge of what's in front won't benefit you. I've seen quite a few people who know a lot about where price could go but don't have any Bitcoin. Rather, they're heavily invested in altcoins.

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I think Bitcoin will easily see the $1.000.000 in the 2029 bull market. Now we have MSTR, Blackrock, Trump, and governments who plan to create Bitcoin reserves. We have never had that before.

Despite how excited I want to be about this, I still think 2029 isn't going to be the year Bitcoin will hit that $1 million mark.

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I do believe, holding 0.1 Bitcoin will be considered a significant amount in the future. You can probably buy a house with that amount of Bitcoin. Just think about where Bitcoin was 10 years ago.

That's what we all are hoping for. Hopefully, it happens that way.

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betswift

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Re: We are still early

January 03, 2025, 10:41:32 AM

#17

Quote from: Perfectbaby on January 02, 2025, 07:49:17 PM

Doing it slowly or in lumps is a question of the fortune the one has - you can DCA big sums according to your budget, but to somebody else - that would be pennies.
The most important thing is just to keep on buying and accumulating.

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DeathAngel

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Re: We are still early

January 03, 2025, 10:52:29 AM

#18

I dont think were massively early any more. I mean sure we are earlier than most but Bitcoin is now a legitimate, regulated financial product in the US. I dont know if we can say that its still early now that there are Spot ETFs & especially if the US Gov declares a Bitcoin Strategic Reserve. Its probably unrealistic for most people to reach 1 Bitcoin now though. As time passes getting to 0.1 will be rare too. So buy as much as you can whilst its still affordable.

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FortuneFollower

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Re: We are still early

January 03, 2025, 10:56:48 AM

#19

Quote from: DeathAngel on January 03, 2025, 10:52:29 AM

Do you believe in Bitcoin reaching 200k, 500k, and 1 mil eventually?
If yes - we are still early Cool

Perfectbaby

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Re: We are still early

January 03, 2025, 11:45:39 AM

#20

Quote from: betswift on January 03, 2025, 10:41:32 AM

Quote from: Perfectbaby on January 02, 2025, 07:49:17 PM

Accumulation means if he has the money at hands because from his post there is no enough funds to keep accumulation, tho one can DCA with any amount provided he has little income coming by the ends of the week/month with this his accumulation process would increase provided he is not being aggressive while accumulating.

One thing we must understand that bitcoin is accessible by everyone provided you have the money availably ready you can buy as many as you can, but the only that made people not to invest on time is the cause of lack of believe, trust and poor understanding regarding to bitcoin that is why we must study to have the knowledge of what we are venturing into.

There were people who criticized bitcoin years ago but today I wouldn't be surprised if they don't owned bigger larger size of it in their custody.

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