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Forum Rank : Hero Member
Bech32 Address: bc1q8ve90732rjjxc2ts5f45squcfjwrcck5dpputp

Quote from: pieppiep on June 15, 2024, 10:09:51 AM

Technological advances such as Bitcoin are the development of a digital currency that is so popular that governments in certain countries will never be able to control its circulation. Many people have bought Bitcoin so it is impossible for the government to continue to ban Bitcoin circulation. Imagine when all governments start legalizing Bitcoin as an alternative transaction, the price of Bitcoin will increase very sharply.

It's because people different people in different countries own Bitcoin government can't control bitcoin, but because the network is decentralized in the way that it's not run by one person. Bitcoin network is run by individual both the node and the miners to improve the security of Bitcoin, comfirm validate transactions and mine new blocks of transactions continuesly.

Even if it's 100 people that remain in the Bitcoin network, it will continue to run because but it will only make it less decentralized but it the government can't do anything about it.

It's because of these considerations that the government doesn't legalize bitcoin for transactions in several countries, isn't that right, dude?
But Bitcoin is a technological advancement, even though Bitcoin is not legal, there will still be many fans. even now, bitcoin remains popular, especially after the bitcoin ETF was approved, we see bitcoin price movements touching ATH, which is proof that bitcoin is still strong enough for the next few years. And the final result that we can predict, is the possibility that the government will legalize bitcoin in the future.

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Quote from: therozaq on March 24, 2024, 05:59:03 PM

Yes, with the benefit of the profit we got when bitcoin touched the new ATH at $73K, we still have spare money to buy bitcoin again during the halving, possibly a deeper correction will occur. That was the best time to buy, even though I had just sold some of my bitcoins in my wallet

Not all people who already sold their Bitcoin at $73k. I still hold my Bitcoin, I don't want to sell it at $73k. I only consider to sell my Bitcoin when the price will be above $90k. If it reaches $90k, I will take a look deeply the chance for taking profits. Some people predicted the ATH of Bitcoin won't cross $100k, so it seems a bit risky to keep the Bitcoin when the price is above $90k. Who knows it is the highest price for this bullrun season.

there are still many who hold bitcoin and don't sell it when bitcoin reaches $73K, including me. I still hold and have a sell target of $100K, if you want to sell at $90K that's up to you. But I have confidence that Bitcoin will rise and reach a price above $100K later this year.

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