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We invest on it, we HODL, we earn.
It wasn't luck that we gain profit from it, we risk our money by investing in the project knowing that it have a great future.
We couldn't call it luck since some of us endured the FUD and cashing out whenever the price pumps up in the past.
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recently i get help from some good people to open wallet for bitcoin.
im a kid for this world but my age is not.
May 25, 2018, 04:54:25 PM my account activation date.
now i curious to know more about this world, how its work, how to start here.
how can i help someone.
Best way to start in crypto currency is by Learning it after that you could start earning. I am not saying that it is easy, there are so many things to learn or consider if you really want to earn in crypto. Don't just jump in due to FOMO, big news about crypto or successful stories that you heard or read somewhere in the internet, those stories sometimes exclude the part on how they really achieve that story. |
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Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
Of course investors would take profit from their investment. There are only few who wouldn't do it and just continue to hold their crypto. The price pull back could be used as a chance to buy back at a lower price before it starts to climb up again, or create a panic for others to also sell their crypto. |
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Scammers are aiming for crypto right now since it is making a noise due to Bitcoin hitting a new ATH.
There would be so many newbies who would surely be a victim of those scammers, so many fake online traders who would try to guide them or investment schemes.
I heard one of my co-worker talking about investing in a trader he met online and told him that most of those traders are fake and he would just get scammed if he invest on it, then after few days he did confirm that it was a scam and thank me for telling him about it.
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Well one thing is for sure when 2024 starts, this year Bitcoin would set a new ATH record and it already did in just the first 3 months of the year.
I wonder how high could it get at the end of this year, halving is near and I think we could expect more during and after the event.
I think it isn't hard for it to reach a six digit this year.
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Yes I do feel excited when gambling, that is one of the reason why I like to gamble.
The excitement and thrill while playing, I could only feel it if money is involve in a game.
The feeling that I could earn or lose my money by the result of my game, I thought that all gamblers feel this way when gambling , but I guess I was wrong I talked to some of close friends and family about it, and some of them feel the same way while other are just calm while gambling like it is just a normal game for them.
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I used to do it before, but then I realize that it was an amount that I could afford to lose from the beginning, and I risked it knowing that I could lose that money so I shouldn't try to increase the amount of money that I would risk, just by trying to recover what I already lost.
For me if you would try to chase what you lost, then you shouldn't have gamble at all.
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I think the reason why people investing in Bitcoin is to earn profit where some are afraid that they will miss the chance to earn profit. You can say that it is very much like FUD or FOMO that they also want to invest. If they really want to invest then they should have bought Bitcoin when it didn't reach the price of bitcoin today.
Yes, the main reason why people continue to invest even in ATH is due to FOMO, and they also believe that the price would continue to increase. But nobody knows how high it could reach and how the price would move, it could continue to go up or it could go down and have a price correction. |
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Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.
How could you tell that the price has already reached the highest that it could? I believe that it would continue to fly higher, halving is near and more investor would surely come in. We couldn't tell how high it would go or if it already reached the peaked because of the halving. I know I am not the only one who thinks about it this way, and more of us believe that the halving would drive it even more higher than what it already reached in the past. |
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I have heard and read about people gambling because they had no source of income, a job or they wanted to add gambling as part of their streams of income. Whatever your category the bottom line is that we all gamble to make money though some group claim it's mainly for fun. But who would want to be losing money all in the idea of catching fun!
There are gamblers that don't place their bet not until they have gotten a certain amount as their potential win. Some do this based on their financial challenge with the anticipation that just one win they may get on such amount is a life changer for them.
My main focus on this thread is in this question: as a gambler do you place your bet according to the weight of your financial need or you're always okay with whatever amount that comes out as potential win no matter how small amount?
I do set up a potential winning limit whenever I gamble, but at the same time I would also take the profit no matter how small or big it is if I somehow decided to end it. I would just go with the flow when I gamble, if I feel like I already had enough even if I still haven't achieve the amount that I set then I would stop. |
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I also feel the same before, but on my end I know that it is just the way it is I risk my money on it so there is a chance to lose.
It is just that we focus on profit and ignored the fact that we could lose no matter how much we put on the game.
The amount of our bet doesn't really matter, and be honest there are times that when you bet a huge amount and win this kind of things doesn't come up to your mind.
You would only think about it when you lose.
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I prefer games that I know right away if I would risk money on games or gamble.
I love crash games, mines and I also do some sports betting but only to the sports that I really watch (cause I know some sports but not really into it).
But I am open to new games that I would also enjoy, I tried slot games and other casino games but I don't really enjoy them as much as I enjoy crash and mines games.
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No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
So you consider holding Bitcoin as saving and want to invest the profits from Bitcoin into something else? Saving is what you save in the fiat like you save $100 a month in your bank account and not utilizing the money on something else will make you poor because the value of fiat depreciates due to inflation and the actual purchasing power of $100 may worth $90 in the one-year time frame if the inflation rate hits 10%. Bitcoin also comes under investment cause its value is volatile and I don't deny that you could invest the profits into something else because 'don't put all your eggs in one basket' rule can be applied to minimize the loss. If you would just let your money sleep by saving it, why not let it grow by investing it? Most of us see Bitcoin or crypto as an investment so if you are saving your money in Bitcoin, it would basically be seen as an investment for most of us. And I do agree that no matter how many Bitcoin, crypto or assets you have if you misuse it, it would all just be drained. We've seen so many successful person or wealthy person in the past who are now broke due to their lack of fund management. Misuse of their wealth by spending too much on luxury items, drugs or vices, gambling and other forms of addiction. |
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When everything's going well, it's cool. But sometimes (often?) money problems lead to divorce. Suppose your spouse/husband gambles a lot, his or her loss/profit ratio is acceptable (so it's fine), but then one day he or she has bet it all and lost it all. You've got nothing left (and no savings either). What's your reaction? Has this ever happened to you?
The question here is why would you react only when it became a problem not when you could have prevent it from happening. It was all good when your partner was earning from risking the money, you couldn't stop or say anything but when things go wrong you suddenly have the urge to do something about it? If this was a real scenario then you only stayed because it was convenient for you, and you wanted to move out when things aren't favorable for you anymore. You don't love the person, you only stayed cause you feel secured because your partner have the power to support you. |
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I am not financially stable yet, so I am very much grateful for the appreciative increments in the Bitcoin market (bull-run) on going, I decided to cancel our marriage anniversary celebration because I insighted that there is more to gain In my continues hodling while the markets skyrockets than selling off my hodled coins just for ceremonial pleasures which can not profer me financial returns other than consuming the ones saved.
Now, my wife seized not to understand what my logical points about this are because she is not the one providing for the family.
As a woman she is, I clearly understood that they are attracted to pleasures especially on activities that attracts public attentions. These species of humans (women) fails to understand that it is money that afford those pleasury materials and activities they craves for which one has to utilize himself logically in economical situations so as to create financial balanced system before chasing after those financial consuming activities without the potentials of yielding incomes.
I could understand it if it is going out with friends spending money on unnecessary things for pleasure or fun, but celebrating occasions. No even if I only have small amount of money I would spend it on special occasion specially with my love ones to make the event more meaningful for them. What's the point of your earning if you couldn't even celebrate a special day with them? You could always earn money, but the memories that you could create on such occasion would only happen ones, it is not always about the income life is not just about money and you should also know it since you already have found your partner for a lifetime that you believe. |
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Holding or saving your Fiat in your bank isn't really great idea at all due to inflation, the price that you would save now would decrease over time due to inflation.
The amount of things you could buy with your money right now would be different in the future, for example something that cost $1 right now could be $2 or more in the future.
So for those who are planning to just let their money sleep in their bank or continue to hold it, why not try to invest it to let your money earn for you while you let it sleep.
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I wasn't really a saving type, but lately looking at the current situation of things in my country, how costly things have gotten, once money enters your account or wallet, you'll be suprised of how you won't be sure of how it vanished, not to talk of having a tangible reason of what you did with the money. So recently looking at how people cry for money and personally looking at how I needed money I decided to start splitting the little allowance I get, saving one part and using the other, I won’t really say that it has made me a billionaire or that I no longer lack money but at least I have cash somewhere that I could call my own and fall back to in cause of emergency.
To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.
Same here, I don't really care much about money before I would spend it how I want after paying all of what is needed to be paid, and setting the amount that I need to survive till my next salary comes. But seeing some of the people I am close to or know buying real estate and settling down, that is when I started to save and invest avoid unnecessary expenses like going out and ordering food when I could just cook for myself. It is hard to start over when you have nothing at all, been there done that and don't want to experience it again so I am going to save as much as I could so that money that I am saving today would save me in the future when I really need it. |
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The feeling of knowing that you won and the amount is so much more than what you expected, it is something that would really surprise anyone.
Honestly I think mom who won those kind of prizes on lottery or draw outs would really spend their winnings wisely to their family needs.
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When you have one or more children, you have heavy responsibilities. Sometimes you're on a tight budget. Can being a parent change our playing habits? Are losses even harder to bear when you're in charge of a family? What are your experiences in this area?
Yes having a family would affect it, specially if you really care about them. Most of the time you would only think about what they need and what could make them happy, so gambling or personal happiness wouldn't be your priority. I would rather spend money on my child than to gamble or risk it, that is what I think most of the time when I am being tempted to gamble. I would also think that the amount I would gamble could be used for my child to buy what they need. |
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There are gamblers who gamble for fun, they don't really care about the profit or loss it is their way to enjoy their time.
I think it is their way to have excitement or thrill while playing, we should know that playing without a risk to past time are boring, and we wouldn't take the game seriously if there is no risk.
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