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So, what makes you want to hold or add more accumulation? Are you guided by the charts alone or are there other things that you think have a big influence on Bitcoin?

Profits. Nothing more.
I mean many sees Bitcoin as an asset, and a currency as well. I see it as both, and since I see it as an asset, my main goal as an investor of it is to make money hence, I add more as soon as I see an opportunity.

Re: Halving - Do you still believe in the previous pattern?

Yes, and I've seen it 2 times already. During the 2017 bull run and the 2021 bull run.
Based on the 2 previous bull runs, it happens months before the halving event. Like what others are expecting, I also expect that it will happen this time as well in 2025.

For me, this year is still a good time for accumulating more Bitcoins, and even though the profits will decrease the more time you will wait, I believe that it you will buy this year, and will sell this year, you will still make profits in the end.

Now, it has dropped futher, I think this is because most memecoins are now getting launched on sol network and reasonable projects are getting launched on Ethereum network. Hopefully, low gas price will be due to an upgrade on the network instead of usage. But it's okay now as I spend less on gas fee. The ETH I bought on Bitget are still left in my wallet for months now due to mess fee.

I also looked on how many transactions on ETH network are being created on a daily basis, and there's no drop in it as well.
Well, it seems like we are seeing a drop in ETH gas fees indeed.

Let's see how this will be for the next months, and if this continues, this might attract new projects to build under Ethereum blockchain again instead on other blockchains. We know that there are still many users of ETH despite of its huge transaction fees. Nevertheless, this is a good sign already for the project. If this continues, for sure more and more will use Ethereum, and its gas fees will go up again.

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But then, I fear for Sol coin, and the Solana blockchain in general, for I believe that at some point in the future, meme coins will fade away, not completely, but they will possibly seize to become as popular as they are right now, and by then, not many new memecoin will be birthed on the Sol network, what then becomes of Solana? Since based on my personally research, there are just a few utility projects have built on Solana, the rest are all meme coins.

Do you think that in the coming 10 years from now, Sol token will still be as, or more valuable as it is today, and the Solana block chain still be relevant and useful to and for the crypto community?

Let's discuss about this if you don't mind.

Solana has been on the top in terms of market cap already even the meme coin hype isn't happening yet. It has been on the top 10 despite the project experiencing many outages in the past.

For me, the project will thrive even the meme coin hype will be gone. Meme coin isn't the reason why the project became successful, but it's the community behind it. The project will only fade if there will be no more development on the project, and nobody will talk about them online (marketing), but if they can do it for a long time, I'm pretty sure they will remain as one of the top blockchains out there.

Just a few hours ago, I also saw new Restaking projects that are being created on Solana as well. Correct me if I'm wrong with the name, but I think it's called "Solayer". Not promoting it, but I'm just saying that whenever there are new projects being created on other blockchains, other developers will do the same on Solana and if they continue to do it that way, they will stay on top. For me, they will stay on top as long as they will do what I said.

Quote from: Gurujebs on May 14, 2024, 01:17:41 PM

Quote from: Fivestar4everMVP on May 13, 2024, 11:58:30 PM

Once the majority of the bitcoins in circulation enters the hands of the Asset managers, bitcoin and the entire crypto market will become just as normal as the forex market, stock market, gold market and the rest, and, yeah, this will happen sooner than any of us think, and this coming bull run may be the very last for anyone wanting to make significant gains from crypto to do so.

What if Bitcoin halving doesn't really bring something to the table but is the reason why we have other run? Bitcoin is becoming a financial asset to many institutional investors and they are attracted to it because of the gains but with people like them here, what we do have as usual meal in every cycle might be difficult to see.

However, I think altcoins in general will be the next thing to hunt, look at how meme coins were largely demanded, even some of the crypto YouTube channels I lookup to that doesn't like shitcoins all of a sudden begin to talk about meme coins and that's because of the profit.

What is currently happening is the ETF effect, It is still too early for the halving effect to occur because it will take months to reach its maximum. In fact, it is not impossible that there will actually be a correction first. In fact it will be good, which can make many investors compete to buy and this will be a boost for bitcoin to be able to improve. So stay patient, everything definitely needs to be processed and not instant.

A lot of investors are actually in panic right now, investors who do not really understand the bitcoin market dynamics.
Many investors believe that 1 month is more than enough for the effect of the halving to swing in, and since that's not really the case as the market has just hit a correction stage just as you've rightly stated, they're now in panic and afraid of the market outcome.

Just as you've said, the market is merely undergoing a correction phase, which is actually healthy and necessary because it'll allow consolidation of gains and also lead to possible price increase.

Now, it has dropped futher, I think this is because most memecoins are now getting launched on sol network and reasonable projects are getting launched on Ethereum network. Hopefully, low gas price will be due to an upgrade on the network instead of usage. But it's okay now as I spend less on gas fee. The ETH I bought on Bitget are still left in my wallet for months now due to mess fee.