Looking Ahead to Bitcoin

I keep telling my excited friend to chill out. I get the hype and the faith in bitcoin for the long haul. There’s this vision that eventually, a lot of countries will adopt and legitimize bitcoin as actual currency, and I can totally see regular folks using it for payments. The panic about low liquidity? Yeah, that's basically old news for the market. The market’s future really depends on whether there are hodlers willing to create value and drive prices up, or if we’ll just see the same old patterns. But hey, bitcoin's got a shot at being a solid store of value, especially since big institutions and whales have jumped in with their investment strategies. With more people buying, it’s adding some serious momentum to the usual ups and downs. To really make the most of these opportunities against inflation, we’ve gotta start buying now and think long-term. It's all about hodling through some bullish times where your portfolio could really grow. Plus, ETFs are gonna play a big role in this. We’ve got major players like BlackRock and others ready to step in, and these institutions will keep buying to ensure that volatility is part of a valuable consolidation phase in the long run.

Bitcoin is going to gain global recognition in the future, and the issues around Bitcoin usability will be more improved on to the extent that the network will be more flexible for small transactions with low fees and other fast factors that have pause limits to Bitcoin payments acceptance by businesses. Going forward in this current time all that we need to do is to hold more Bitcoin and spend less of it as daily utilities currency if and since we have fiat to deal with that aspect of our life.

Bitcoin is currently taking over slow and steady and more investors are joining the bitcoin wagon every day. Bitcoin must not be made as a legal tender before it can be used for daily transactions because it's already happening. Those who are skeptical about bitcoin will miss out in future and regret their actions. This is why we need to take advantage of the opportunity on ground and invest in bitcoin and hodli for long term. However, make your privacy and anonymity your priority as you keep stacking up your portfolio.

Bitcoin is worth any anticipation that is being awarded to it by investors that understand Bitcoin and the value it will achieve in future. I can tell you for free that some people are already anticipating Bitcoin at $1 million, tho it might take too long but as long as it will definitely reach $1 million, that means the wait was worth it. Bitcoin has limited supply and as long as the demand increases, the value will always jump.

Calling the spade a spade this anticipation of bitcoin dominance to be used for our daily transactions can only be realistic if it is officially inaugurated for legal tenders otherwise, we might either look up to more years and likely impossible to happen if the governments are entirely against it because we can not force it in where the laws are against it. Therefore fostering every other user at their own risks while possibilities for new beginners to buy will be more difficult.

It is no longer impossible for bitcoin to become legal tender in some countries in no distant time with the way government is coming in to make legislation and start up bitcoin as reserve asset. Bitcoin has already started playing the role of alternative payment system from it inception up till now through exchanges, P2P. What it requires is legal backup as legal tender to become a recognised alternative to fiat. However, what I know is that bitcoin may not be able to replace fiat perfectly just as fiat replaced gold, silver and other precious metals that were earlier used and redeemed for money.

I actually realized that it’s hard to expect for bitcoin to become a global currency one day when majority are buying it as an investment. If only there’ll be a balance or equality of utilizing bitcoin, as an investment and as a currency, but it seems the people are more greedy to invest and expect huge profits rather than to realize the goal of Satoshi which is to use bitcoin as a currency without the intervention of third party. However, I can’t blame also the people why they prioritize investing in bitcoin compared to spending it as a currency. There are only limited institutions who are accepting bitcoin as a mode of payment, and let’s be practical here, why won’t we chose to spend bitcoin when we can double or triple its value if we intend to buy and hold bitcoin for long term.

Holding period isn't easy for everyone. Some people have hard time waiting for it, and because of that we need to realize that things cold be very different. If we could end up with a much higher price in the future, and we fail to wait, then we will regret it. So, the best case would be just assuming how this could change and how we could make more money from this. If we want to reach to a higher level while making a profit, then we need to be able to wait. Panic, fear, anxiety, worry, none of that will matter and we will not make money from them. Those are emotions that will cause you to lose money when you could profit. Which is why you should ignore those feelings, and focus on just holding no matter how bad things look.

Knowing what lies ahead(bright future) of our Bitcoin accumulation, some of us can't keep calm about it, knowing that the investment we made today will be profitable in the long run. Your friends who are anticipating Bitcoin, you don't blame them for that. What you should be telling them is to have a long-term investment mindset on bitcoin; be patient, they should keep their investment private, not disclose it publicly, keep their seed phrase safe, and not click unsolicited links. That way they are safe

Bitcoin is already legal tender is some countries we have El Salvador that made Bitcoin a legal tender since 2021 and also central African Republic also have some form of Bitcoin adoption which makes up for the two countries around the world where Bitcoin is a legal tender. In no distance time Bitcoin is going to gain a lot of global recognition and just like I said earlier, United States is going to do a lot of Bitcoin adoption that is going to put Bitcoin and the entire cryptocurrency out to the rest of the world and countries that have Bitcoin Ban will begin with it regulations.

You are right, some people expect the level of dominance to reach a level of replacing fiat but that is aswell unrealistic. Bitcoin and fiat literally can coexist without eliminating one from the picture. Bitcoin can be used for payments but cannot be used to carry out daily transactional payments even for smallest transactions that fiat should cover.

Bitcoin being a legal tender biggest barrier is it's greatest strength, being decentralized. It would be nice if it becomes legal tender without a huge trade-off (unlikely) Maybe Strategy but BlackRock like other ETFs don't buy Bitcoin People buy Bitcoin through them. Expectations breeds anxiety if it's not meant. People with such mindset of anticipating a pump usually end up being weak hands And selling during a dip. Always have it in the back of your mind that it may fall short term.

Bitcoin adoption will yes grow and so also it will remain an attractive asset to invest on but that is not going to be enough for the regular use case in our society because some enthusiasts might think the soaring at it highest peak can do it all. Although the more bitcoin keep proving itself the store of values is the more it will attract investors and the authorities to adopt it and somewhere there in the future would turn around for regulations to ease their unfriendly policies on bitcoin. Only then we can achieve that far to see bitcoin in the rapid use to facilitate payments.

It's already happening, many smaller countries are embracing crypto even legalizing it for payment, it's just never getting the spotlight because it's coming from a smaller countries. Just needs big country like the US to embrace and create regulation around it and the smaller countries will follow, it's as simple as that. Low liquidity problem is already nowhere to be seen as well, we got bright future ahead.

IMO, it's going to happen. We just do not know when. It's difficult to predict that because of the ups and downs, and with so many competitive projects in the market today. But we achieved the ETF. That's not far from when it happened, so we need to be patient about what will happen next. Maybe a fall of a big digital cash application could change the perspective of the people on how money should be used and spent. Bitcoin might come in on that instance, and who knows, we might see all the anticipations.

Bitcoin anticipation is only limited by time. Bitcoin can certainly do any numbers that is expected of it but, these would take time to happen as there are numbers that would seem outrageous or overly anticipated but, give it the required time in years and you just might see that number quickly halted. $100k was the anticipation for the year and even that has been reached, next stop in the coming months is $150k and we could hold that if not add to it for the remainder of the year.

We are hopeful but an indefinite time and sure it is promising to achieve it all but still the time factor to be emphasized when it will come. But as much we have got the interests of the ETF and the individual investors with their common and whale portfolios, it really feels like a common to achieve these insights while we only need the governments to ease the policy and stop the discouragement of others who are willing to adopt the system with their deceptive priors.

The anticipation of Bitcoin is very high and that is why the adoption is increasing speedily, aside from individual investors there are whales and institutions that are accumulating as much as they can. Investors that are looking for profitable assets to invest in are shifting to Bitcoin, they believe that it's potentials have made it to stand out as a store of value. It is an opportunity for everybody that wants to get rich through Bitcoin investment to get in now and start accumulating as much as they can. Bitcoin is not a get rich quick scheme, despite the high anticipation of holders they need to understand that it is a volatile asset, it doesn't give instant gratification we need to hold for the long term inorder to be very profitable.

There was a dream about that years ago, I don't many people still keep dreaming about that. Bitcoin has proven to be more useful as a store of value, and there are too many problems, such as legal and scalability issues, for it to be widely recognized as legal tender by most countries in the future. Really? Can you list those 'many' countries? The one who became most famous for being the first to make it legal tender withdrew it. Bitcoin is no longer legal tender in El Salvador

Just know the fact that hodling bitcoin is a matter of beating your emotions. If you remain patient and calm despite of some worries and fears, you know you will succeed in your bitcoin investment, but if you are weak and get bothered easily from price crash and price correction, you know that it’s hard for you to succeed on bitcoin. The key here is, learn to manage your emotions well. Those negative emotions are your enemies, so ignore them but focus on your ultimate plan and goal.