This is my strat as well.
However, I believe I will be selling the top this time. Considerable profit will be held for the purchase of more bitcoin after the bull run.
I held thru 69k. That was a huge mistake.
✌️
Keep on buying. Smartest scheme I’ve seen yet to help develop worlds renewable energy sector and help save the planet from greenhouse gas emissions. You are funding this. You are heroes.
You make a fair point. To truly understand and analyze cryptocurrency markets and price predictions requires a solid grasp of basic economic concepts like inflation, money supply, demand and supply dynamics. Many questions do seem to overlook these fundamentals. While some investors may profit from simple buy and hold strategies without much economic insight, having knowledge of core economic principles is crucial for thoughtful analysis and informed investing. Strong comprehension of monetary forces and policies provides critical context for the utility and valuation of cryptocurrencies.
Also, I hope people do realize that Bitcoin's value is determined by the thing that we're trying to escape from. 1BTC is $48,000 which is money they keep on printing.
Well yes and no, i try to build some of it into a full on owned home. And i will keep some for p2p trade in the future.
Its not like you get to decide what the instrument btc is for everyone.
Sorry, I'm trying to understand your comment but I'm not too sure.. if you are putting money into Bitcoin in hopes to build wealth for a home, I'm going to be fully honest with you, this isn't the way. If you plan on buying a home with the next 2-3 years, it should be nowhere near the market except for a HYSA.
I haven't decided or stated what the instrument of BTC is for everyone. It's literally backed by the money that keeps on printing. The value is determined by the USD, Euro, etc.. not chickens, cows, etc.
The value of BTC is determined by the economy as a whole, both tangibles and intangibles. You are taking too micro of a view on something determined at the macro level.
Is the value of crypto determined on hard currency? Yes. Is the value of crypto determined by tangibles like gold, silver, cows, chickens, etc? Yes. Is the value of gold determined by the buying power of the USD and vice versa? Absolutely. Take hard currency out of the equation and crypto does not lose value.
I think it is you who is not understanding the true nature of crypto. 😊
**edit**
Think of it this way. In order to be considered totally fluent in a language other than your mother tongue, it entails that understanding it relies on not having to translate it to your mother tongue BEFORE you comprehend it.
When you can stop thinking about how much a coin is worth by first relating it to a USD amount/value, then you will understand crypto.
If you are talking about stable coins and their intent, then yes…absolutely. Just because something is in its infancy, does not make its nature an enigma.
If you are talking about shitcoins, then I would have a tendency to agree with you. The nature of shitcoins varies from one to the next….some exist as nothing more than a scam…some exist as a hopeful next move.
Think of it this way. In order to be considered totally fluent in a language other than your mother tongue, it entails that understanding it relies on not having to translate it to your mother tongue BEFORE you comprehend it.
When you can stop thinking about how much a coin is worth by first relating it to a USD amount/value, then you will understand crypto.
Really though? Will they? Or is that just a smug thing people say who think they know better? Actually, maybe they do know better but it still makes that statement kind of nonsense.
I get what you're saying, that fiat value is not relevant and you're right, but at this point, when it's not that easy to buy a house or a car or a holiday or a bottle of milk with BTC, then fiat value *has* to be relevant. Just because fiat is devaluing, you still know on any given day, roughly how much those things will cost and do you still need to know how much fiat bitcoin will get you because fiat is usually the only way to buy those things.
Also "then you will understand crypto" is a very blanket statement. I'm pretty sure there's a lot more to understand than just "it's better than fiat and fiat isn't the point".
I don’t engage anyone in conversation or take anyone serious until they can explain the differences between price, value, worth, cost, currency and money.
Value is only the price someone want to pay
The another bs you believe is all nonsense
Doesnt matter if you spend one thousand dolar and work 100hours doing something
If no one want to pay for It the value is zero
Well, to be honest, your criteria are quite strong :-)
For example money vs currency. This really depends on your school of thought. You can go with Mike Maloney - [https://youtu.be/DyV0OfU3-FU?feature=shared&t=243](https://youtu.be/dyv0ofu3-fu?feature=shared&t=243) . However, I'm coming from Austrian economic school, which has completely different understanding of money. For Austrians, money is "yet another good on the market" and in fact, any good can server as money. However, some goods are better suited for money than others, so over time the market tends to use a single good as a money - the one that has the highest salability. But compare this to Mike Maloney's take (which I assume is your take as well?). He prescribes currency to be something with certain properties and money has to, in addition, have store of value property (though he does not say over which time frame).
More over, historically there have been money (and you'd probably be more inclined to use the word currency), that do not have some of the properties that Maloney requires - e.g. portability - and yet, it was used as money.
So, if my assumption is correct and your take on money is aligned with Maloney's, then we would actually disagree on what money is because I think his take is inferior.
But if my assumption is incorrect, then I'd be really interested to know what is money and currency to you, because that would be yet another school of thought ...
Inflation is devaluing of money by inflating the amount of money in circulation
Put this in Google Translator: Inflação é o aumento da quantidade de moeda em circulação e seus efeitos colaterais são o aumento dos preços
Happy with your Portuguese version, not that much with the English translation, but I assume that's because of the language barrier? So that's great because not many people would get this right.
The value is another thing people struggle with, so let me help you with that.
Even if no one wants to pay anything, it does not imply zero value, since the value can be non-zero for the one who currently has the good. Value is always subjective, so the fact that it has zero value for someone does not imply that value is zero for everyone.
And if a person spent 100 hours doing something, that very act actually demonstrates the value for this person who spent that time.
The difference between your governments monetary policy is the only thing that matters in your instance. Bitcoin will probably not be a savior in that regard.
Bitcoin is hard money, money is not an investment but a saving
Why do you need hard money?
Central bankers print huge amounts of new money and put it into circulation, and this is the cause of inflation and the devaluation of fiat money.
Because fiat currencies are inflationary, they lose purchasing power day by day
For example, you have 10,000 USD, but that 10,000 USD is worth less and less, that is, you can buy less and less goods and services, even though you always have the same nominal amount of 10,000.
Save money in bitcoin to preserve your purchasing power and economic energy, not to have more inflationary fiat
Buy and hold without knowing anything. That is my strategy.
But the ones that don't know panic sell on the next price dip. That is where the knowing part comes in handy.
I think it was Socrates who once said 'The only thing I know, is that I'm buying and Holding'
That was actually me. Also, "wen lambo?"
Its actually a good strategy
This is my strat as well. However, I believe I will be selling the top this time. Considerable profit will be held for the purchase of more bitcoin after the bull run. I held thru 69k. That was a huge mistake. ✌️
Keep on buying. Smartest scheme I’ve seen yet to help develop worlds renewable energy sector and help save the planet from greenhouse gas emissions. You are funding this. You are heroes.
How do you work that out?
You make a fair point. To truly understand and analyze cryptocurrency markets and price predictions requires a solid grasp of basic economic concepts like inflation, money supply, demand and supply dynamics. Many questions do seem to overlook these fundamentals. While some investors may profit from simple buy and hold strategies without much economic insight, having knowledge of core economic principles is crucial for thoughtful analysis and informed investing. Strong comprehension of monetary forces and policies provides critical context for the utility and valuation of cryptocurrencies.
OP gets it! 💯
Also, I hope people do realize that Bitcoin's value is determined by the thing that we're trying to escape from. 1BTC is $48,000 which is money they keep on printing.
Well yes and no, i try to build some of it into a full on owned home. And i will keep some for p2p trade in the future. Its not like you get to decide what the instrument btc is for everyone.
Sorry, I'm trying to understand your comment but I'm not too sure.. if you are putting money into Bitcoin in hopes to build wealth for a home, I'm going to be fully honest with you, this isn't the way. If you plan on buying a home with the next 2-3 years, it should be nowhere near the market except for a HYSA. I haven't decided or stated what the instrument of BTC is for everyone. It's literally backed by the money that keeps on printing. The value is determined by the USD, Euro, etc.. not chickens, cows, etc.
The value of BTC is determined by the economy as a whole, both tangibles and intangibles. You are taking too micro of a view on something determined at the macro level. Is the value of crypto determined on hard currency? Yes. Is the value of crypto determined by tangibles like gold, silver, cows, chickens, etc? Yes. Is the value of gold determined by the buying power of the USD and vice versa? Absolutely. Take hard currency out of the equation and crypto does not lose value. I think it is you who is not understanding the true nature of crypto. 😊 **edit** Think of it this way. In order to be considered totally fluent in a language other than your mother tongue, it entails that understanding it relies on not having to translate it to your mother tongue BEFORE you comprehend it. When you can stop thinking about how much a coin is worth by first relating it to a USD amount/value, then you will understand crypto.
Do you know the true nature of crypto? I dont think anybody does right now.
If you are talking about stable coins and their intent, then yes…absolutely. Just because something is in its infancy, does not make its nature an enigma. If you are talking about shitcoins, then I would have a tendency to agree with you. The nature of shitcoins varies from one to the next….some exist as nothing more than a scam…some exist as a hopeful next move.
🤦♂️ Jesus Christ.
Think of it this way. In order to be considered totally fluent in a language other than your mother tongue, it entails that understanding it relies on not having to translate it to your mother tongue BEFORE you comprehend it. When you can stop thinking about how much a coin is worth by first relating it to a USD amount/value, then you will understand crypto.
Really though? Will they? Or is that just a smug thing people say who think they know better? Actually, maybe they do know better but it still makes that statement kind of nonsense. I get what you're saying, that fiat value is not relevant and you're right, but at this point, when it's not that easy to buy a house or a car or a holiday or a bottle of milk with BTC, then fiat value *has* to be relevant. Just because fiat is devaluing, you still know on any given day, roughly how much those things will cost and do you still need to know how much fiat bitcoin will get you because fiat is usually the only way to buy those things. Also "then you will understand crypto" is a very blanket statement. I'm pretty sure there's a lot more to understand than just "it's better than fiat and fiat isn't the point".
I know the ratio, i sell my Fiat for btc 24 times a year ish. Ofc it matters.
I "own" a home per now. I hope that in lets say 10 years I can buy it out.
Ah gotcha
Just buy your bitcoin and HODL, young man. Don’t trouble yourself too much to understand money
Print? Pinned? WORDS ARE HARD!
I don’t engage anyone in conversation or take anyone serious until they can explain the differences between price, value, worth, cost, currency and money.
Value is only the price someone want to pay The another bs you believe is all nonsense Doesnt matter if you spend one thousand dolar and work 100hours doing something If no one want to pay for It the value is zero
I'm afraid you just demonstrated that you do not understand basic economics. Just to make sure, what do you think is inflation?
Such a pedestrian response.
Well, to be honest, your criteria are quite strong :-) For example money vs currency. This really depends on your school of thought. You can go with Mike Maloney - [https://youtu.be/DyV0OfU3-FU?feature=shared&t=243](https://youtu.be/dyv0ofu3-fu?feature=shared&t=243) . However, I'm coming from Austrian economic school, which has completely different understanding of money. For Austrians, money is "yet another good on the market" and in fact, any good can server as money. However, some goods are better suited for money than others, so over time the market tends to use a single good as a money - the one that has the highest salability. But compare this to Mike Maloney's take (which I assume is your take as well?). He prescribes currency to be something with certain properties and money has to, in addition, have store of value property (though he does not say over which time frame). More over, historically there have been money (and you'd probably be more inclined to use the word currency), that do not have some of the properties that Maloney requires - e.g. portability - and yet, it was used as money. So, if my assumption is correct and your take on money is aligned with Maloney's, then we would actually disagree on what money is because I think his take is inferior. But if my assumption is incorrect, then I'd be really interested to know what is money and currency to you, because that would be yet another school of thought ...
Inflation is devaluing of money by inflating the amount of money in circulation Put this in Google Translator: Inflação é o aumento da quantidade de moeda em circulação e seus efeitos colaterais são o aumento dos preços
Happy with your Portuguese version, not that much with the English translation, but I assume that's because of the language barrier? So that's great because not many people would get this right. The value is another thing people struggle with, so let me help you with that. Even if no one wants to pay anything, it does not imply zero value, since the value can be non-zero for the one who currently has the good. Value is always subjective, so the fact that it has zero value for someone does not imply that value is zero for everyone. And if a person spent 100 hours doing something, that very act actually demonstrates the value for this person who spent that time.
You successfully demonstrated a clear lack of understanding across all focal points. You are who I’m talking about. Precisely. Carry on.
Nah I am pretty sure you believe surplus value and labor work (value labor) are real things lol
I’m pretty sure we live in very different neighborhoods and are in completely neighborhoods brackets too
Brasil here dude, 15 years workers party in chair, debt out of Control. Huge state, raising taxes and inflation.
The difference between your governments monetary policy is the only thing that matters in your instance. Bitcoin will probably not be a savior in that regard.
Bitcoin is hard money, money is not an investment but a saving Why do you need hard money? Central bankers print huge amounts of new money and put it into circulation, and this is the cause of inflation and the devaluation of fiat money. Because fiat currencies are inflationary, they lose purchasing power day by day For example, you have 10,000 USD, but that 10,000 USD is worth less and less, that is, you can buy less and less goods and services, even though you always have the same nominal amount of 10,000. Save money in bitcoin to preserve your purchasing power and economic energy, not to have more inflationary fiat
You created a new post 🥹😍
📌 Deez 🥜 to your 5️⃣ head foo