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Bitcoin => Bitcoin Discussion => Topic started by: yat97 on July 31, 2021, 08:55:18 PM



Title: I feel like there is no way to keep up
Post by: yat97 on July 31, 2021, 08:55:18 PM
Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time... I'm no where close. If bitcoin reaches 100k or higher, it will be more than double the time, then, if it keeps going higher. lets say goes to 200k, then bear market back down to 100k. well unless I get a job that pays decent.. it seems impossible. I already spend literally everything I have leftover, aside from rent, utilities, food, etc. you know. Like. My main source of entertainment is just crypto news videos.

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe. same with the others. I mostly am just holding ADA, KSM, XMR, VET. If they can pump up at higher percentages, maybe, I can keep up with the average investor maybe.

Maybe I wont care if bitcoin keeps going up. Maybe one day just 0.02 btc or maybe 0.04 if I can put more in before the percentage of dollars to btc becomes so far off everything is negligible. maybe one day it wont matter if you cant own an entire coin. maybe 1mbt will be like what 1 whole bitcoin is today, or even just 1 satoshi will equal 1 dollar and I'll be a millionaire in that way. Or maybe my kids will be idk.


Title: Re: I feel like there is no way to keep up
Post by: ima.robot on July 31, 2021, 09:06:04 PM
Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time...

Would you mind sharing when you first started investing? I followed the same path as you, investing a small amount at a time according to the dollar-cost-average method.


Title: Re: I feel like there is no way to keep up
Post by: Upgrade00 on July 31, 2021, 09:14:25 PM
I legit dumped everything I had into it.
I already spend literally everything I have leftover, aside from rent, utilities, food, etc. you know. Like. My main source of entertainment is just crypto news videos.
One of the popular piece of advice is to only invest amounts that you can afford to lose; Going all into Bitcoin sounds very novel, with dreams of getting multiples of your investment, but there's a level of risk to it. Your risk could pay off in the long run, but as an investor, regulating your level of risk is very important.

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe.
Buying and holding  Bitcoin seems a better approach.


Title: Re: I feel like there is no way to keep up
Post by: BIT-BENDER on July 31, 2021, 09:30:12 PM

Maybe I wont care if bitcoin keeps going up. Maybe one day just 0.02 btc or maybe 0.04 if I can put more in before the percentage of dollars to btc becomes so far off everything is negligible. maybe one day it wont matter if you cant own an entire coin. maybe 1mbt will be like what 1 whole bitcoin is today, or even just 1 satoshi will equal 1 dollar and I'll be a millionaire in that way. Or maybe my kids will be idk.
Maybe during the time of that days Bitcoin price regardless of high or low won't always be talked like something that hasn't happened before, I don't think at everytime the price meter of Bitcoin changes it should be a unexpected, I know many of investors -basically newbies- may run their investment in accordance or in-hand with the price of Bitcoin, this is basic inexperienced thing to do, if the knowledge is not there, so are their experienced investors who knows best about how anti-planing the price of Bitcoin can be.


Title: Re: I feel like there is no way to keep up
Post by: yat97 on July 31, 2021, 10:12:42 PM
Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time...

Would you mind sharing when you first started investing? I followed the same path as you, investing a small amount at a time according to the dollar-cost-average method.


I only started like late last year. I heard of bitcoin years prior but I didn't know it went up over time so I just thought "crypto currency" was internet money. Like, the dollar, it doens't really go up or down that much. (ik it kinda actually does but u get the point)

I feel so agro that I didn't get in way sooner. god... I feel like I'm buying the top. I'm just hoping in another few years it will go up and I'll not have thrown away my hard time/labor. I think it's going no where but up long term, but for how much higher idk. It turned into my "hedge against inflation" to a pipe dream of not being in poverty. That would be nice. not counting on that happening in my life time. I think my only goal is gonna be have a kid or two, and hope I did enough in saving/investing so that they wont have to grow up in poverty like I did.


Title: Re: I feel like there is no way to keep up
Post by: cryptomaniac_xxx on July 31, 2021, 11:00:31 PM
Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time...

Would you mind sharing when you first started investing? I followed the same path as you, investing a small amount at a time according to the dollar-cost-average method.


I only started like late last year. I heard of bitcoin years prior but I didn't know it went up over time so I just thought "crypto currency" was internet money. Like, the dollar, it doens't really go up or down that much. (ik it kinda actually does but u get the point)

I feel so agro that I didn't get in way sooner. god... I feel like I'm buying the top. I'm just hoping in another few years it will go up and I'll not have thrown away my hard time/labor. I think it's going no where but up long term, but for how much higher idk. It turned into my "hedge against inflation" to a pipe dream of not being in poverty. That would be nice. not counting on that happening in my life time. I think my only goal is gonna be have a kid or two, and hope I did enough in saving/investing so that they wont have to grow up in poverty like I did.

You don't need to feel that way, of course it's better if you have bought it the sooner, but think about it, those who bought early in the beginning of bitcoin dump it and now regretting for doing that. So in the next ten years, you don't want to be that person. Yes, everyone has a goal to get to at least 1 BTC, I know it's hard but you have to keep accumulating through the years. Just stacking sats like every month will do. So best of luck.


Title: Re: I feel like there is no way to keep up
Post by: Goldmansnacks on July 31, 2021, 11:11:40 PM
You should also understand that the value of all currencies fluctuate.  You only notice the value of bitcoins changing because you’re viewing against a metric of a baseline currency i.e the USD.  If you had a chart that plotted the value of the dollar with bitcoin as the baseline, you would see those changes the same way.


Title: Re: I feel like there is no way to keep up
Post by: tippytoes on July 31, 2021, 11:18:07 PM
Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time...

Would you mind sharing when you first started investing? I followed the same path as you, investing a small amount at a time according to the dollar-cost-average method.


I only started like late last year. I heard of bitcoin years prior but I didn't know it went up over time so I just thought "crypto currency" was internet money. Like, the dollar, it doens't really go up or down that much. (ik it kinda actually does but u get the point)

I feel so agro that I didn't get in way sooner. god... I feel like I'm buying the top. I'm just hoping in another few years it will go up and I'll not have thrown away my hard time/labor. I think it's going no where but up long term, but for how much higher idk. It turned into my "hedge against inflation" to a pipe dream of not being in poverty. That would be nice. not counting on that happening in my life time. I think my only goal is gonna be have a kid or two, and hope I did enough in saving/investing so that they wont have to grow up in poverty like I did.

You can invest in other tangible assets also not only in crypto like real estate or jewelry. You can also slowly buy small pieces of gold jewelry, and you know for sure they have value in the market. If I may advise, don't go all in in crypto. Because we don't know the future here, though we are seeing positive vibes but one advanced technology and this may go obsolete. Who knows? So if you can also spend some in tangible assets, that for me is better and will give you peace of mind that if something goes wrong here, you still have something to turn to.


Title: Re: I feel like there is no way to keep up
Post by: DannyHamilton on August 01, 2021, 12:28:06 AM
With bitcoin going up in price. To eventually own just 1 bitcoin.

This is an extreme goal.

There will never be more than 21 million bitcoins. This means that less than 21 million people in the world will be able to own 1 bitcoin. There just aren't enough of them to go around. There are over 7,900 million people in the world.  If you owned a full bitcoin, that'd put you well into the top 0.25% of the world's population.  When it comes to Bitcoin holdings, you'd be a 1-percenter and then some.

Even if only 1% of the world owned any bitcoin at all, owning a full bitcoin would still put you WAY above average. You'd have more than 75% of the bitcoin holders.


That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe. same with the others. I mostly am just holding ADA, KSM, XMR, VET. If they can pump up at higher percentages, maybe, I can keep up with the average investor maybe.

Gambling on altcoins seems risky.  The best way to end up with $100,000 worth of altcoins is to start with $200,000, and sell after you've lost half your money.

Maybe I wont care if bitcoin keeps going up. Maybe one day just 0.02 btc or maybe 0.04 if I can put more in before the percentage of dollars to btc becomes so far off everything is negligible. maybe one day it wont matter if you cant own an entire coin. maybe 1mbt will be like what 1 whole bitcoin is today, or even just 1 satoshi will equal 1 dollar and I'll be a millionaire in that way. Or maybe my kids will be idk.

Imagine that someday 1 Satoshi ( the smallest spendable unit of Bitcoin) is worth the same as 1 U.S. penny (the smallest spendable unit of U.S. dollar).  In that case, having 1 Bitcoin would make you a millionaire in U.S. Dollars. Having just 0.04 BTC would give you the same amount of spending power then as having 1 BTC gives you today (about $40,000 worth).


Title: Re: I feel like there is no way to keep up
Post by: Fundamentals Of on August 01, 2021, 03:29:15 AM
Just keep on stacking how much you can afford. Don't put pressure to yourself. We are on this long term. Don't urge yourself to the point that you will risk money on a meme coin, for example, just so that your Bitcoin will increase. It might end up the other way around. Be careful with those altcoins.

If 1 BTC is too much of a goal then don't push it too hard that you might end up sacrificing your most basic needs. 1 BTC would be great but time will come even 0.02 or 0.04 BTC is only a dream.


Title: Re: I feel like there is no way to keep up
Post by: Bttzed03 on August 01, 2021, 03:59:06 AM
~ Like. My main source of entertainment is just crypto news videos.

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins.
I'm not going to question the altcoins you've already invested but maybe you should consider NFT gaming with play to earn feature as well. You could be a simple hodler if you want or support the ecosystem by becoming a player also. Use some of those earnings from the daily grind to accumulate more BTC or to pay up your bills.


Title: Re: I feel like there is no way to keep up
Post by: AniviaBtc on August 01, 2021, 06:21:32 AM
I legit dumped everything I had into it.
I already spend literally everything I have leftover, aside from rent, utilities, food, etc. you know. Like. My main source of entertainment is just crypto news videos.
One of the popular piece of advice is to only invest amounts that you can afford to lose; Going all into Bitcoin sounds very novel, with dreams of getting multiples of your investment, but there's a level of risk to it. Your risk could pay off in the long run, but as an investor, regulating your level of risk is very important.

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe.
Buying and holding  Bitcoin seems a better approach.

People are violating some of the rules before investing and it is sad to think that they are losing money due to ignorance.

It depends on how you value your money when you're investing because that will help you to secure your funds and at the same time deal with risks.

No matter how much you invest, money is not that easy to earn so be responsible when investing your funds.



Title: Re: I feel like there is no way to keep up
Post by: ChrisPop on August 01, 2021, 06:46:31 AM
Don't get trapped in the fallacy that you have to own 1 Bitcoin to be successful or to get rich or whatever. It is all about percentage gains of your net worth. If Bitcoin continues steadily marching upwards during the years you should have no worry whether you hold 0.01, 0.10 or 1 btc. Moreover you shouldn't focus on how much you own, but on doing the day-to-day activities that can get you to the place you want.


Title: Re: I feel like there is no way to keep up
Post by: pooya87 on August 01, 2021, 06:58:29 AM
This is a common beginners mistake to be scared of the number of zeros in bitcoin price and run to shitcoins just because they have less zeros in their price but they forget that they don't have that many zeros (ie. have low prices) because they can't go up in value due to being useless, buggy, scam, have unlimited supply, ...

This is also why shitcoins don't rise in value, instead they only get pumps which are then followed by dumps. Take dogecoin that you mentioned, it had to be hyped up by Elon Musk  to get pumped for a while but it couldn't be sustained and got dumped shortly after.


Title: Re: I feel like there is no way to keep up
Post by: virasog on August 01, 2021, 07:16:04 AM
This is a common beginners mistake to be scared of the number of zeros in bitcoin price and run to shitcoins just because they have less zeros in their price but they forget that they don't have that many zeros (ie. have low prices) because they can't go up in value due to being useless, buggy, scam, have unlimited supply, ...

This is also why shitcoins don't rise in value, instead they only get pumps which are then followed by dumps. Take dogecoin that you mentioned, it had to be hyped up by Elon Musk  to get pumped for a while but it couldn't be sustained and got dumped shortly after.

All altcoin pump or dump based upon the news and none of the altcoin can be compared to the bitcoin. The institutes and big whales only invest in bitcoin , therefore investment in bitcoin is the safest among all the crypto. Investing in cheap altcoin does not grantee that it will go up. It can move even further down and go to zero.


Title: Re: I feel like there is no way to keep up
Post by: Maus0728 on August 01, 2021, 07:28:43 AM
I'm not going to question the altcoins you've already invested but maybe you should consider NFT gaming with play to earn feature as well. You could be a simple hodler if you want or support the ecosystem by becoming a player also. Use some of those earnings from the daily grind to accumulate more BTC or to pay up your bills.
This might get the work done if and only if the equivalent value of his altcoins could afford an entire team/pets or character to start playing and to earn as well.

On the other hand, selling an altcoin for another nft token also entails a lot more risk of losing especially now that they are on an all time high including AXS or DPET. Perhaps, exchanging his alt to bitcoin when it reaches a decent price is pretty much better while continuously stacking monthly or even better daily.


Title: Re: I feel like there is no way to keep up
Post by: Chato1977 on August 01, 2021, 07:48:04 AM
Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.
no one knows that is one thing that sure here , we don't know where to dump nor to pump.

Quote
But just thinking about how if it is the bear market for the supercycle.

.

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe. same with the others. I mostly am just holding ADA, KSM, XMR, VET. If they can pump up at higher percentages, maybe, I can keep up with the average investor maybe.


It's your coin , its your decision but never blame market or cry here once you failed in altcoin and bitcoin climbs to 100k this year because that is your risk to take from bitcoin to altcoin specially shitcoins.


Title: Re: I feel like there is no way to keep up
Post by: Reatim on August 01, 2021, 08:09:02 AM
It's totally normal that you have problems on keeping up with this market. Because it's volatile in the end. We can observe any kind of movements anytime. We just make our investments and try to follow the market closely. Experienced traders know what to do better than the others of course. But even them can have big problems when the market changes very quickly.
experienced traders indeed has advantage over us , but there is no safe in this kind of market as they also making mistakes and not like us they are losing tons of money and harder to recover.
every profiteering has a losing status and no one is safe.
so let us decide rightful and readiness because any moment there might be changes and this will lead either for us to profit or us to decrease our funds.


Title: Re: I feel like there is no way to keep up
Post by: 20kevin20 on August 01, 2021, 08:49:49 AM
That's the thing: you don't need to own a full Bitcoin. That's just a dream so many people have but it's pretty unrealistic. Remember, you can own even 1 satoshi. Nobody forces you to own a full BTC to be considered a Bitcoin investor.

Yeah, the price goes up almost constantly every few years. That doesn't make it a "problem" to begin with - in fact, there's a very good side to it if every time you buy the price goes up, lol!


Title: Re: I feel like there is no way to keep up
Post by: Cling18 on August 01, 2021, 08:59:02 AM
It sounds like you're being hopeless but I want to tell you that it's too early for you to quit and give up. If you haven't reached your goal and desire yet, then you better try to strive more. Bitcoin is volatile and there will always be down moments of it but you should learn how to take advantage of every situation. It's not always about gaining profits but it also needs patience.


Title: Re: I feel like there is no way to keep up
Post by: joniboini on August 01, 2021, 09:45:55 AM
Just forget about the price and set a target for yourself (like owning 1 BTC as you mentioned). Do DCA and stick to it. Ignore the noise and price for a while, use the money you can afford to lose. Consider it a high-risk investment where you can only reap the benefits 10 years later. This way, you don't need to be anxious every day. If you're not comfortable with it, then maybe it's not your cup of tea. Choose something that suits your risk profile, don't force yourself.


Title: Re: I feel like there is no way to keep up
Post by: Kakmakr on August 01, 2021, 10:55:17 AM
You have to calm down, you are doing what most people are doing when they are too focused on the profits. You are obsessed with the "Big payday" and that might never happen. You can even set yourself up for massive failure, if the outcome of this experiment is the opposite of what you hoping it might be. (total collapse)

Bitcoin profits should not be the ONLY goal for you, if you spend half of your time doing research on the technology and using that "knowledge" to teach other, then your "profit" will come with mass adoption. (Go out, help other people that wants to adopt Bitcoin, to do it.. do not force it onto other people... because that leads to failure too)  ;)


Title: Re: I feel like there is no way to keep up
Post by: Pmalek on August 01, 2021, 11:22:38 AM
I only started like late last year. I heard of bitcoin years prior but I didn't know it went up over time so I just thought "crypto currency" was internet money. Like, the dollar, it doens't really go up or down that much. (ik it kinda actually does but u get the point)

I feel so agro that I didn't get in way sooner. god...
That's an unhealthy attitude you have there. Beating yourself up for not getting involved earlier and taking huge risks expecting another coin like bitcoin will come along and take its place. Among those thousands of coins, you won't find bitcoin's successor. Just invest little by little and don't gamble too much. And don't put your financial stability in danger by putting money into the market that you need for more important things. 


Title: Re: I feel like there is no way to keep up
Post by: buwaytress on August 01, 2021, 11:34:22 AM
There is no way to keep up, which is why you shouldn't play that game. Because you will lose, it's an eventuality, not a mere possibility. Live your life normally, don't gamble with all ins, don't try to be smart and time the dip (at least, not risking everything as you said you did).

Long term, "mistakes" and you don't need to worry about getting in at the "best price" and all your misses even out with the hits, and any price you bought in becomes inconsequential because you always bought in.

But timing the dips and then going into alts and trying to stay ahead of that game? You know there's no way to keep up. Why even try?


Title: Re: I feel like there is no way to keep up
Post by: yazher on August 01, 2021, 12:16:21 PM
It's totally normal that you have problems on keeping up with this market. Because it's volatile in the end. We can observe any kind of movements anytime. We just make our investments and try to follow the market closely. Experienced traders know what to do better than the others of course. But even them can have big problems when the market changes very quickly.

The author might be confused because the current situation of the market is not feastful for him and it's get getting bad especially if you had already put your money in and you are completely ignorant about the volatility of the crypto market. Sometimes it's distressful when you see it losing value every day and all the scenery is red but if you focus and ponder on its history, your heart will feel at ease because it's completely normal and all you need to do is wait and be patient.


Title: Re: I feel like there is no way to keep up
Post by: so98nn on August 01, 2021, 12:43:22 PM
Feeling and Technically doing it has it's own difference mate. Technically you can earn as much money as you could from the crypto currency. With your feelings you can not earn a dime and neither you should be focusing on emotional way of earning money. Crypto as of now has given me a lot and it's personal experience that winning and loosing in the crypto is based on versatile factors whether its real news, fake news, random billionaire making a tweet or whole government banning the crypto or legalising it. There are endless factors, so it's always best scenario to keep your mind focused on more technical factors rather than feelings!

Bitcoin, as such proven asset and over the decades the market had been bullish only and will be the same considering enormous developments around the world. Moreover there is need for such asset and adoption.  ;)


Title: Re: I feel like there is no way to keep up
Post by: mrongoz22 on August 01, 2021, 04:37:59 PM
actually there is no way to follow it, but you are not sure, and have no confidence at all, and for sure you are very afraid of risk, actually whatever we do, and whatever business we want to develop, surely that risk will happen. wait for us, if you are sure of what you want to invest, be brave and invest some of your money, because success will never come without sacrifice..


Title: Re: I feel like there is no way to keep up
Post by: Kontibruno on August 01, 2021, 04:39:08 PM


With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time... I'm no where close.

For me, this is the best approach. There is no need to invest all you own at once in a bid to increase the quantity. What I do is to add a little more whenever there is a dip. I don't have heavy funds to invest heavily, so I try to use strict risk management guidelines.



Title: Re: I feel like there is no way to keep up
Post by: CoolerSid on August 01, 2021, 04:41:30 PM
That's the thing: you don't need to own a full Bitcoin. That's just a dream so many people have but it's pretty unrealistic. Remember, you can own even 1 satoshi. Nobody forces you to own a full BTC to be considered a Bitcoin investor.

Yeah, the price goes up almost constantly every few years. That doesn't make it a "problem" to begin with - in fact, there's a very good side to it if every time you buy the price goes up, lol!

You also did not notice at what point in time it became prestigious to own exactly 1 BTC?


Title: Re: I feel like there is no way to keep up
Post by: cotton ball on August 01, 2021, 05:03:01 PM
actually not impossible, but you are too afraid of risk, you are too long-winded, it is true before we go any further it would be nice to think first, but don't think too long, other people have taken advantage but we are still afraid of the risks that come , the point is that other people can, why can't we, that's the principle that we must hold on to, continue to believe, and believe we can.


Title: Re: I feel like there is no way to keep up
Post by: The Cryptovator on August 01, 2021, 05:29:50 PM
Are you losing faith in Bitcoin? Otherwise, why are you wondering to move into altcoin? Just be very careful. The same mistake is done by me a couple of years ago and my altcoin hasn't recovered yet even Bitcoin played well. If I just hold my Bitcoin rather than move into altcoin then I would be a millionaire today. My one mistake destroyed my dreams. Till today my holding (altcoin) has not recovered. Even I can't move from it because it's just worthless if I sell now. I am not your financial advisor, but as a forum mate, I will suggest sticking with Bitcoin. But yes, if you are well experienced then you may take short sometimes. A wrong selection would destroy your dream.


Title: Re: I feel like there is no way to keep up
Post by: finaleshot2016 on August 01, 2021, 05:32:58 PM
It's very stressful to see red percentages in the market, but that's normal; the simple explanation is market volatility, and if you look at the past charts, it'll still recover. You must have faith in the asset in which you have invested; have faith in BTC; he will grow as he deserves.
That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe. same with the others. I mostly am just holding ADA, KSM, XMR, VET. If they can pump up at higher percentages, maybe, I can keep up with the average investor maybe.
Actually, mate, you're on the right track with crypto investments, and you don't need to be concerned about how long it will take to make a profit because the coins you've mentioned have potential. I've done some research, particularly in ADA, and I believe ADA is simply waiting for the BTC price increase to do the same.


Title: Re: I feel like there is no way to keep up
Post by: sapnu on August 01, 2021, 05:38:15 PM
I don't think it is necessary that we keep up with the price movement of bitcoin, instead we should know how we can follow through on every adjustment it is making. If the value is going down, obviously you do not need to lower down your investment, instead you should maximize it specially if it is a hard dip. On the other hand, if the value is rising and you have a good holding at that moment, then it is very much clear that you were able to keep up. Always mind what are the things you can do to mix in with the adjustments as you adopt each new price that bitcoin is having.


Title: Re: I feel like there is no way to keep up
Post by: 20kevin20 on August 01, 2021, 05:42:02 PM
You also did not notice at what point in time it became prestigious to own exactly 1 BTC?
I think it's always been "prestigious" to own BTC. I remember there was a thread here in which someone wanted to auction thousands of BTC for a few bucks and nobody thought it'd be worth it. This is what people still think even today..


Title: Re: I feel like there is no way to keep up
Post by: LittleBitFunny on August 01, 2021, 06:01:44 PM
Maybe I wont care if bitcoin keeps going up. Maybe one day just 0.02 btc or maybe 0.04 if I can put more in before the percentage of dollars to btc becomes so far off everything is negligible. maybe one day it wont matter if you cant own an entire coin. maybe 1mbt will be like what 1 whole bitcoin is today, or even just 1 satoshi will equal 1 dollar and I'll be a millionaire in that way. Or maybe my kids will be idk.

When the price of Bitcoin was below $1000, people could not have imagined that at any one time it would cost $10,000. when it reached $10,000, there was a lot of debate in people's minds as to whether the price could reach $20,000 at all!
The current value of Bitcoin, people could not even imagine in 2017. The price of Bitcoin has been rising continuously, avoiding everyone's perception. If you buy some bitcoin now, it will be safe insurance for your child. Future generations will be users of electronic currency, and Bitcoin will dominate the electronic currency.


Title: Re: I feel like there is no way to keep up
Post by: Fesatmas on August 01, 2021, 06:38:02 PM
Why be in such a hurry and end the sale there? Are you tempted by the uptick that is happening and don't think about selling some of it for a moment and keeping it for the long term? Maybe the partial selling method will be very useful in these conditions, so from the sale you can use it for the next decline. It all depends on how you apply the trading method. Because basically holding longer will be much more valuable, consider the Bitcoin that you hold as a gem, where one day you will find it difficult to get it back at the current price.


Title: Re: I feel like there is no way to keep up
Post by: nelson4lov on August 01, 2021, 06:51:31 PM
Why be in such a hurry and end the sale there? Are you tempted by the uptick that is happening and don't think about selling some of it for a moment and keeping it for the long term? Maybe the partial selling method will be very useful in these conditions, so from the sale you can use it for the next decline. It all depends on how you apply the trading method. Because basically holding longer will be much more valuable, consider the Bitcoin that you hold as a gem, where one day you will find it difficult to get it back at the current price.

From everything OP said, it's safe to assume that he is a more of an invest than a trader. So he doesn't buy/sell more frequently; instead he holds Bitcoin long term and alts short - mid term with an aim to sell them when their prices go up then majority of those profits will flow into buying Bitcoin regardless of the price at the time he set out to buying since he's just DCA-ing.

While this is a good strategy, I'd prefer to sell anywhere close to the top and rebuy later with DCA at a lower price. In the past I've seen people multiply their Bitcoin holdings by just selling near top and buying lower. Of course, it's easier said than done but it's worth giving it a shot.


Title: Re: I feel like there is no way to keep up
Post by: gundala on August 01, 2021, 08:28:03 PM
Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

---
Many things happen that are out of our control, when our expectations are too high it will only hurt more. First, let me remind you once again that crypto is very volatile, we can quickly multiply profits or lose deeply, so make sure we use free funds. investment quotes that we need to make the principle: Never invest money that you can't afford to lose.
thus we will be more relaxed and enjoy the market movement. experience and mentality also play a big role, so don't forget to always be grateful.


Title: Re: I feel like there is no way to keep up
Post by: aoluain on August 01, 2021, 09:12:51 PM
Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time...

Would you mind sharing when you first started investing? I followed the same path as you, investing a small amount at a time according to the dollar-cost-average method.


I only started like late last year. I heard of bitcoin years prior but I didn't know it went up over time so I just thought "crypto currency" was internet money. Like, the dollar, it doens't really go up or down that much. (ik it kinda actually does but u get the point)

I feel so agro that I didn't get in way sooner. god... I feel like I'm buying the top. I'm just hoping in another few years it will go up and I'll not have thrown away my hard time/labor. I think it's going no where but up long term, but for how much higher idk. It turned into my "hedge against inflation" to a pipe dream of not being in poverty. That would be nice. not counting on that happening in my life time. I think my only goal is gonna be have a kid or two, and hope I did enough in saving/investing so that they wont have to grow up in poverty like I did.

Most people feel this way, "if only I bought Bitcoin sooner" I bought Bitcoin when it
was valued at $1000! and now I still think I should have bought more back then
but at that stage $40k, $65k was beyond my imagination.

I started a THREAD (https://bitcointalk.org/index.php?topic=5304355.0) about the rising difficulty of owning 1BTC and I have to say
most people dont get the concept of achieving that amount.

All you can do is work to accumulate as much as possible. for many 1BTC is
not going to happen. Ask someone on low wages to save $40k in 1 year, impossible.


Title: Re: I feel like there is no way to keep up
Post by: Shasha80 on August 01, 2021, 09:35:19 PM
Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

---
Many things happen that are out of our control, when our expectations are too high it will only hurt more. First, let me remind you once again that crypto is very volatile, we can quickly multiply profits or lose deeply, so make sure we use free funds. investment quotes that we need to make the principle: Never invest money that you can't afford to lose.
thus we will be more relaxed and enjoy the market movement. experience and mentality also play a big role, so don't forget to always be grateful.

As long as we invest in crypto using money that we can afford to lose, should be able to invest leisurely, without being pressured by volatile
market movements. Because most people who enter the crypto world think that crypto can generate instant profits and use all the money
they have, even sold some of his assets, because his hopes were too high. This is what ends up being when crypto prices don't go the way we
want them to stress us out. So make sure before we invest in crypto, we already understand how the crypto world works, so it's not wrong to
make a decision.


Title: Re: I feel like there is no way to keep up
Post by: dunfida on August 01, 2021, 09:58:52 PM
Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

---
Many things happen that are out of our control, when our expectations are too high it will only hurt more. First, let me remind you once again that crypto is very volatile, we can quickly multiply profits or lose deeply, so make sure we use free funds. investment quotes that we need to make the principle: Never invest money that you can't afford to lose.
thus we will be more relaxed and enjoy the market movement. experience and mentality also play a big role, so don't forget to always be grateful.

As long as we invest in crypto using money that we can afford to lose, should be able to invest leisurely, without being pressured by volatile
market movements. Because most people who enter the crypto world think that crypto can generate instant profits and use all the money
they have, even sold some of his assets, because his hopes were too high. This is what ends up being when crypto prices don't go the way we
want them to stress us out. So make sure before we invest in crypto, we already understand how the crypto world works, so it's not wrong to
make a decision.

Yeah, if you are investing on something which you had taken a loan or even putting your life savings then this would really be a stressful scenario on looking up the charts or the condition on the market

or even thinking that it might really be having some pumps or you are expecting way too much in regards to that without even thinking about the risk behind it then when the time bitcoin or crypto

had broke up your expectation then expect that it would give out frustration and stress.If you do feel that it is something putting you in doubts then better not invest on the first place.


Title: Re: I feel like there is no way to keep up
Post by: Yamifoud on August 01, 2021, 10:59:23 PM
snip...

From everything OP said, it's safe to assume that he is a more of an invest than a trader. So he doesn't buy/sell more frequently; instead he holds Bitcoin long term and alts short - mid term with an aim to sell them when their prices go up then majority of those profits will flow into buying Bitcoin regardless of the price at the time he set out to buying since he's just DCA-ing.

While this is a good strategy, I'd prefer to sell anywhere close to the top and rebuy later with DCA at a lower price. In the past I've seen people multiply their Bitcoin holdings by just selling near top and buying lower. Of course, it's easier said than done but it's worth giving it a shot.

Having a concrete plan will us to decide what we gonna do next. OP almost gets bored waiting for the price be going to dump in order to accumulate more but seems the market trend isn't giving him a favor as Bitcoin moves high together with altcoins. Now that he is bothering what he gonna do, I think he needs some rest as he can't think and decide right.
Sometimes we have to calm down ourselves and enjoy some events because as we more engage in crypto and getting disappointed coz we fail to reach our goal, it leads to nowhere and surely ended up regrets, and this might happen to OP if he pushes himself to invest in worthless altcoins like Doge.


Title: Re: I feel like there is no way to keep up
Post by: Fesatmas on August 03, 2021, 05:13:31 PM

From everything OP said, it's safe to assume that he is a more of an invest than a trader. So he doesn't buy/sell more frequently; instead he holds Bitcoin long term and alts short - mid term with an aim to sell them when their prices go up then majority of those profits will flow into buying Bitcoin regardless of the price at the time he set out to buying since he's just DCA-ing.

While this is a good strategy, I'd prefer to sell anywhere close to the top and rebuy later with DCA at a lower price. In the past I've seen people multiply their Bitcoin holdings by just selling near top and buying lower. Of course, it's easier said than done but it's worth giving it a shot.


Of course, it is commendable, and I am open to the methods offered if they are easily accessible to all traders and easy to apply. Because you have an existing method in your opinion, it will be very useful to apply in any condition. It takes perseverance and tenacity to achieve mastery of the expected trading methods.
as you say easy to say but not necessarily easy to do. It all depends on how capable he is of repelling bad trades and having no concept.


Title: Re: I feel like there is no way to keep up
Post by: Obito on August 03, 2021, 05:29:43 PM
I don't think it is necessary that we keep up with the price movement of bitcoin, instead we should know how we can follow through on every adjustment it is making. If the value is going down, obviously you do not need to lower down your investment, instead you should maximize it specially if it is a hard dip. On the other hand, if the value is rising and you have a good holding at that moment, then it is very much clear that you were able to keep up. Always mind what are the things you can do to mix in with the adjustments as you adopt each new price that bitcoin is having.
But what if what's happening isn't matching your current situation, what if you don't have a lot of coins in your portfolio? That's the saddest thing about this, you don't hold circumstances by the neck so you can just do whatever you want remember that anything can happen.

I think there will alway be a way to keep up, remember that bitcoin at the core of it is an investment and that should give you a clue that bitcoin no matter what point you've entered in the market, if you hodl long enough, your will always be guaranteed with a profit.


Title: Re: I feel like there is no way to keep up
Post by: macson on August 03, 2021, 05:55:18 PM
I'm not going to question the altcoins you've already invested but maybe you should consider NFT gaming with play to earn feature as well. You could be a simple hodler if you want or support the ecosystem by becoming a player also. Use some of those earnings from the daily grind to accumulate more BTC or to pay up your bills.
This might get the work done if and only if the equivalent value of his altcoins could afford an entire team/pets or character to start playing and to earn as well.

On the other hand, selling an altcoin for another nft token also entails a lot more risk of losing especially now that they are on an all time high including AXS or DPET. Perhaps, exchanging his alt to bitcoin when it reaches a decent price is pretty much better while continuously stacking monthly or even better daily.
right, piling into bitcoins is much more promising than to nft tokens like axie or dpet.  we will definitely see a drastic drop in the price of nft tokens, just see how the price of skill tokens issued by cryptoblades falls drastically.


Title: Re: I feel like there is no way to keep up
Post by: isaac_clarke22 on August 03, 2021, 07:06:36 PM
~
Aside from what others mentioned in here, why not just do your everyday life like usual without involving crypto? OP, I think you are overthinking about the bearish market coming. With that kind of overthinking, you are already jumping into conclusion of Bitcoin jumping to 100k and other "what ifs" situation/s. Don't risk your fiat to other alts, just by how Bitcoin is already more than 4 digits.  As what 20kevin20 mentioned, you don't need to own a full Bitcoin.

It does not matter if you can only afford .02 BTC. It is still Bitcoin regardless of its amount or even its equivalent to USD.


Title: Re: I feel like there is no way to keep up
Post by: xiboothrezi on August 03, 2021, 10:08:07 PM
~

It does not matter if you can only afford .02 BTC. It is still Bitcoin regardless of its amount or even its equivalent to USD.
this is a mistake that some people who are just starting to adapt to crypto often make. we don't have to have 1 full btc to be able to get profit, whatever it is if we are consistent to collect it, it will definitely increase in value, especially when the bullrun comes. understand the right investment strategy, if we use free money it will make you calmer. this niche continues to grow, if the adoption of btc gets wider, then its value will also increase, so 0.02 it will definitely be more valuable as you say. even though with other altcoins you can get more than that, you can get 1-100 tokens or even thousands, but for the long term I will still choose btc, while other altcoins as a backup alternative. if possible indeed divide the portfolio between btc and altcoins.


Title: Re: I feel like there is no way to keep up
Post by: rosebrand on August 03, 2021, 10:09:03 PM
It's not a must to keep up to the price movement of bitcoin and also not a must to own 1 bitcoin, you might get burnt chasing the market so it's better you wait for a dip or crash and keep buying bit by bit and try not to invest your all in bitcoin it might be too risky and the outcome might not be what you did expect, the market is just about risk and reward, try to stay profitable and manage risk, well due to the high prices of bitcoin you can choose an altcoin with potential for more income.


Title: Re: I feel like there is no way to keep up
Post by: 19Nov16 on August 04, 2021, 04:41:35 AM
It's not a must to keep up to the price movement of bitcoin and also not a must to own 1 bitcoin, you might get burnt chasing the market so it's better you wait for a dip or crash and keep buying bit by bit and try not to invest your all in bitcoin it might be too risky and the outcome might not be what you did expect, the market is just about risk and reward, try to stay profitable and manage risk, well due to the high prices of bitcoin you can choose an altcoin with potential for more income.

You are right, when the bitcoin market looks difficult to recover then altcoins are the best solution, there are many choices of altcoins that we can make to get daily profits of up to tens or even hundreds of percent, in my opinion the most profitable altcoins are new listed coins.


Title: Re: I feel like there is no way to keep up
Post by: NeuroticFish on August 04, 2021, 06:07:10 AM
For people who are new to analysis, they may be able to choose several altcoins at the top, so having a large capitalization is expected to be safer. By choosing an altcoin, it is hoped that it will provide greater profits, and of course that is what everyone is looking for

Choosing altcoins can easily be a mistake. Very few of them hold the capability to recover / grow and even fewer actually did. I am around here for many years and altcoins did bring me more bad than good and my best move was when I've converted most of my altcoins into Bitcoin.
Altcoins can sometimes bring greater profits, but those tend to be short-lived and one has to know when to convert back into Bitcoin. Not easy.
While Bitcoin is still considered in the financial world a high risk investment (because of the wild price fluctuations), the altcoins are even riskier.

So no, if one doesn't know what to do, altcoins tend to be just a trap.


Title: Re: I feel like there is no way to keep up
Post by: GeorgeJohn on August 04, 2021, 06:15:55 AM
Investing with cryptocurrency actually it have a strategies, but at least you should have a target when the price is low or when is at average before purchasing, because buying when is at higher point and expecting it to speed up in order to make a profit i think it is underprobabillity, because the chances of bitcoin price to reach or move to hundred thousand (100k) is not really assured at this moment


Title: Re: I feel like there is no way to keep up
Post by: michellee on August 04, 2021, 11:02:04 AM
It's not a must to keep up to the price movement of bitcoin and also not a must to own 1 bitcoin, you might get burnt chasing the market so it's better you wait for a dip or crash and keep buying bit by bit and try not to invest your all in bitcoin it might be too risky and the outcome might not be what you did expect, the market is just about risk and reward, try to stay profitable and manage risk, well due to the high prices of bitcoin you can choose an altcoin with potential for more income.
For people who are new to analysis, they may be able to choose several altcoins at the top, so having a large capitalization is expected to be safer. By choosing an altcoin, it is hoped that it will provide greater profits, and of course that is what everyone is looking for
I am not sure about that because the new people in trading who gather in one group will follow the so-called experts on that group and buy the suggested coins. They will not ask about how you get that analysis or etc because they do not search for more info about what coin they should buy. But if those people want to research and analyze by themselves from what they learned, they will see that the altcoins at the top position are not always guaranteed to profit. Sometimes, the lower coins position can give you the profit as you can analyze to find the right coin.


Title: Re: I feel like there is no way to keep up
Post by: 5thFear on August 04, 2021, 11:12:44 AM
You can keep up with the price of bitcoin if you have good timing and are lucky. Other then that its pretty hard, close to impossible. Btw i think if you play it well and have some luck, you can become a billionaire, or atleast you are on a chance to become one, which other then bitcoin would never had been possible.


Title: Re: I feel like there is no way to keep up
Post by: cotton ball on August 04, 2021, 11:58:30 AM
actually there is no way to follow, but maybe you don't want to learn and understand bitcoin, try to follow the steps of people who have played in bitcoin for a long time, you will most likely succeed, we don't need to hold a lot of bitcoins, like other rich people We are people who live in poverty, we must be good at taking opportunities, if there is an opportunity, try to hold one bitcoin, if the price increases a little, we try to let it go, and so on, maybe in the future we will achieve what we want..


Title: Re: I feel like there is no way to keep up
Post by: Kittygalore on August 04, 2021, 12:55:46 PM
Long as the market is going up and appreciating in the long-term and the interest of the people only goes up, I don't think that it's going to be a problem not keeping up because even if you invest at 100k and the market appreciates, it will still be profitable if you hodl in the long-term.


Title: Re: I feel like there is no way to keep up
Post by: mrongoz_imut on August 04, 2021, 12:57:28 PM
if there is a will there is definitely a way, if we want we can definitely do it, if we want to work hard, keep learning, and always be patient, I'm sure we will succeed, when we start to follow and enter into a business, we have to go slowly Look at the opportunities that exist, don't be afraid of risk, because basically no one gets rich suddenly, everything needs a process..


Title: Re: I feel like there is no way to keep up
Post by: BlackHatCoiner on August 04, 2021, 12:59:22 PM
With bitcoin going up in price. To eventually own just 1 bitcoin.
Why that insistence for owning 100,000,000 sats? I know that it's a nice-sounded number to own 1 BTC, but is that all? If you consider rich those who own one Bitcoin, then you should define us what exactly means rich to you. Are they those who have the equivalent of $40,000 in BTC?

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins.
Look, if you're here just to make yourself richer, which is pretty usual nowadays, I advice you to firstly, be careful!, and secondly invest short termly into altcoins. Most of the times, they increase more than Bitcoin does in percentages, so buying in the “dump” and selling in the “pump” would be better for you than doing the same, but for Bitcoin.

A friendly comment: You know when dumps and pumps occur; the problem is that when they do, it is already late.


Title: Re: I feel like there is no way to keep up
Post by: Dhoe on August 04, 2021, 01:05:33 PM
Long as the market is going up and appreciating in the long-term and the interest of the people only goes up, I don't think that it's going to be a problem not keeping up because even if you invest at 100k and the market appreciates, it will still be profitable if you hodl in the long-term.
it's true as you said comrade, because our goal is to invest in bitcoin for profit, if we save our bitcoin in the long term it is certain that the profits will be in our favor, actually it's not that we can't follow but maybe you are too afraid of the risk, if we can't face it risk is certain that success will not be on our side..


Title: Re: I feel like there is no way to keep up
Post by: xSkylarx on August 04, 2021, 01:24:16 PM
You can keep up with the price of bitcoin if you have good timing and are lucky. Other then that its pretty hard, close to impossible. Btw i think if you play it well and have some luck, you can become a billionaire, or atleast you are on a chance to become one, which other then bitcoin would never had been possible.

It is extremely difficult to keep up with the current price because the price is so high that only the wealthy or those with substantial savings can afford to buy bitcoin. We all knew it was a high-risk investment, but if it pays off, you could say you'll make a lot of money and become a billionaire, just like you said. The majority of people here would advise buying on a dip, but when is the best time to do so? It's not about chance; it's about reading the chart and predicting the bitcoin's next move.


Title: Re: I feel like there is no way to keep up
Post by: Kelvinid on August 04, 2021, 01:29:36 PM
Long as the market is going up and appreciating in the long-term and the interest of the people only goes up, I don't think that it's going to be a problem not keeping up because even if you invest at 100k and the market appreciates, it will still be profitable if you hodl in the long-term.
it's true as you said comrade, because our goal is to invest in bitcoin for profit, if we save our bitcoin in the long term it is certain that the profits will be in our favor, actually it's not that we can't follow but maybe you are too afraid of the risk, if we can't face it risk is certain that success will not be on our side..
Worries will certainly come to our minds if we keep looking and monitor the market every day. Maybe we have to try to skip sometimes checking our portfolio and enjoy ourselves to the other things, it is likey giving us some peace of mind. Because the more we are focus on our investment, the more we get attracted to some negative thoughts and especially when we keep listening to the FUDs. This is not to wonder why newcomers come too fast and also leave so quickly, this is what I think about and many have such a sad ending story.


Title: Re: I feel like there is no way to keep up
Post by: Kittygalore on August 04, 2021, 01:31:27 PM
~
it's true as you said comrade, because our goal is to invest in bitcoin for profit, if we save our bitcoin in the long term it is certain that the profits will be in our favor, actually it's not that we can't follow but maybe you are too afraid of the risk, if we can't face it risk is certain that success will not be on our side..
People who knows the risk and calculates their risk will always be smarter than those who just jumps right in. Nothing wrong with not taking the risk, we never know what happens next to bitcoin, we might be saying that bitcoin would last for a long time then something unexpected happened to the market and it entirely collapsed.


Title: Re: I feel like there is no way to keep up
Post by: Rruchi man on August 04, 2021, 07:30:51 PM
I like your approach to this- buying periodically and hodling. It's a viable strategy for accumulating wealth. I guess that your investor personality type is that of an "The Adventurer". You have gone all in and you're even willing to "invest more heavily into alt coins". You are willing to take the risks and not take any advice. Your core beliefs about cryptocurrencies is your driving force. And the truth is you'd either make it big or learn from your own experience.

I'd like to ask, presently is having 1BTC too high a goal that it may not be achievable or attainable by just the average Joe?


Title: Re: I feel like there is no way to keep up
Post by: isaac_clarke22 on August 04, 2021, 08:04:34 PM
~.
It does not have to be a whole coin when one is looking to buy their first Bitcoins. :)
I started like around .001 BTC when I bought my first one and I did not regret buying it even if it was in smaller amounts.
It is just the simple demand and supply logic, but you are still allowed to buy Bitcoin <1. :)


Title: Re: I feel like there is no way to keep up
Post by: yazher on August 04, 2021, 08:09:33 PM
You can keep up with the price of bitcoin if you have good timing and are lucky. Other then that its pretty hard, close to impossible. Btw i think if you play it well and have some luck, you can become a billionaire, or atleast you are on a chance to become one, which other then bitcoin would never had been possible.

It is extremely difficult to keep up with the current price because the price is so high that only the wealthy or those with substantial savings can afford to buy bitcoin. We all knew it was a high-risk investment, but if it pays off, you could say you'll make a lot of money and become a billionaire, just like you said. The majority of people here would advise buying on a dip, but when is the best time to do so? It's not about chance; it's about reading the chart and predicting the bitcoin's next move.

Well. if one is not sure about the outcome of his investment he could take the current chance to sell his BTC and see the other opportunity in the crypto industry. we have our own point of view and the others wanted a quick ROI and others wanted to keep up with the market for better or worst. It comes from the same perspective which is investing what you can afford to lose and never ever borrow or loan your capital if you don't want to lose your hair in this current crypto market situation.


Title: Re: I feel like there is no way to keep up
Post by: Lanatsa on August 04, 2021, 08:44:34 PM
~
it's true as you said comrade, because our goal is to invest in bitcoin for profit, if we save our bitcoin in the long term it is certain that the profits will be in our favor, actually it's not that we can't follow but maybe you are too afraid of the risk, if we can't face it risk is certain that success will not be on our side..
People who knows the risk and calculates their risk will always be smarter than those who just jumps right in. Nothing wrong with not taking the risk, we never know what happens next to bitcoin, we might be saying that bitcoin would last for a long time then something unexpected happened to the market and it entirely collapsed.
A person who is really afraid to take some risk would just stay on where he is and wont really be making out profits and wont really progress out in terms of investment and profits but for those who do

risk out their money to earn money do have the odds on progressing their lives because they could potentially get some money but of course it would be also talking about losses.Its just a matter of choice

neither he would dive in or would play safe if he wanted to but of course you would really be able to see the difference between the two when it comes to financial state.


Title: Re: I feel like there is no way to keep up
Post by: Shenzou on August 04, 2021, 09:00:38 PM
 I personally started investing in bitcoin when i was a student and i was working a part time job and i used to try and save as much as i can and put it to bitcoin, and i am talking here small amounts 20 to 30 dollars and even though i didn't try to optimize the time at which i invested it turned out to profitable either way, so if you are still hesitating about whether to invest because you have small amounts just do it at your own peace and have trust that it would be profitable because bitcoin is the future.


Title: Re: I feel like there is no way to keep up
Post by: yat97 on August 05, 2021, 04:33:12 PM
Thanks for the replies, a great diverse range of opinions were given here.

Yeah. Maybe I dont need to own one bitcoin. I think I just hear so much about these people with so many multiple whole bitcoins I feel like it's been the "norm" for most people. All these youtubers and so many other people on the internet, they're prob already less than 1% of bitcoin holders so I've probably thought whole coiners were more of a norm which was depressing as it would take at least a couple years for me, even if I had literally no bills and could save 100% of my income to dump into bitcoin to be able to buy one entire one.

So, I need to get back to just re-finding peace in my situation and stop thinking about it so much. Maybe all my sacrifice will pay off one day.

I know a guy whos boss literally mined hundreds of bitcoin back in the day. I just kick myself for not looking into it more. I just didn't know the price fluctuated. I feel so dumb thinking it was just "pegged" at a certain price and didn't move much. So I was like okay... I didn't really see the point, especially since back then they said it's only good for buying stuff on the silk road. Uhg. Well I know now and that's what matters.


And yeah thanks everyone for snapping me back to some degree. I should keep just DCA-ing into bitcoin mostly. Altcoins with any extra during dips. Just sticking to the ones listed. Maybe one of the alt coins will pump and I can convert it to helping me get to bitcoin, maybe not. Idk.

All I know is no matter what happens I'll never sell my bitcoin and I'll prob just look at it as a generational thing.