Time to buy if you want to hold for long term since maybe we will never see a price like this again in the future, If you're trading buying or selling right now is not advised since the market is really volatile but showing a bull trend in long term. Do according to what you like and what is your plan never FOMO or even got FUD by other people.
The basic step is not to make a reckless decision at a price you can't predict right now. I saw a lot of bad things happen in 2022 and early 2023 and no good developments at the start of this year. |
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Bitcoin Started Dumping again
Now can we expect $17000 Again?
According to me, it will Dump again $17000 am I right?
since it is according to you , then why we need to tackle this here in your thread? and also according to you then prove us you are correct . never ask us because it seems that you already has Idea and belief of what would come to bitcoin. ___________________________________________ Bitcoin will not drop that low again , instead like what we have today and since yesterday? bitcoin will climb 25k and up this February . This could be a question that already has its own answer and will never be rolled back with all the answers in this thread. This only looks at everyone's ideas from the questions that are given to all of us. So Bitcoin isn't going to be that easy it's going to turn out really bad going forward. a lot has yet to happen for Bitcoin to decline. |
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Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.
Even if you have less than 0.1 BTC, it is enough for you to hold for a long time, the amount doesn't matter, what matters is how long you can keep it. Because when you hold a little bitcoin, but if you can hold it for decades when bitcoin hits $1 million per bitcoin, then 0.01 BTC was already a huge amount at that time. Wow, 0.1 Bitcoin is huge for me at this moment. if you can also be patient for the next 20 years I think you can buy what you want without thinking about the lack of money later. but you can try with other coins like Ethereum or BCS to take a chance too. |
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Cryptocurrencies is a very valuable investment, the Bitcoin marketcap is currently more than $ 470 billion, the potential increase is very large and today has gone up more than 10%, if we bought $ 1 million yesterday so today we can profit $ 100k, and this proves that Cryptocurrencies investment can be used as passive income.
There are many people who say they are financially free when in crypto and I am also one of them. It's been the last 3 years I've been making money through crypto investments and that's enough for my needs. I think it's just a matter of hard work, consistency and patience to achieve financial independence. Because now we have to be smart to use this technology to get income. maybe if you are very familiar with making profits or money from the virtual world it is very good, but if you expect to invest and only focus on one coin maybe it is difficult to stabilize your finances every day. I too have been investing for a long time but it seems I'm not so lucky. |
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For these kind of scams I only believe in Bitcoin I always invest or trade in Bitcoin because I know if it will ho down so I have the opportunity to hodl and sooner or later it will go in profit and it will never disappoint to its users. And now the Bitcoin is slightly moving up and soon I think the king will show its power.
And scammers always invent new and new methods to grab your money so we all should avoid.
Many ways to deceive many people and make hot money for people who have played in it. So it's a good thing to keep struggling to see and analyze what you are going to invest. This is a serious thing to think about because everything is your own funds or your own capital to get to success. |
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Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?
As newbie you need basic, study trading first before do big trades to avoid disappoinment many trader loss a lot of money because they wanted a quick earnings, we need to do trading with plan not just trade and trade because trading also need an strategy we need to think twice before making any decisions to avoid loss. It's like a child who has to learn to crawl or walk gradually. If you want to become an investor, That's what you have to do by starting with a small amount or seeking knowledge and information from this forum, One of which is to continue to make you smart in making the right decisions. Everyone can make profits in the future with the analysis or opportunities that they get slowly. |
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Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.
I think bitcoin has no life span, bitcoin already has a value since 2010 and till now it has a value a big value more than 90% of its value from it is first traded on the market so i don't think it will have a life span instead of so many negative issue before bitcoin endures and it come back with a greater value maybe in the future 10 years from now more people will use or trust bitcoin and it will become more valuable than today, if bitcoin has a life span no one can till us when it ends only time can tell us because even expert doesn't know about the life span of bitcoin. if the first question about Bitcoin will live, you can see for yourself that Bitcoin still has good graphics sometimes has a downturn. so Bitcoin is still alive for the next few years in my opinion. but we cannot predict what will happen to Bitcoin and there will be other Bitcoins that are better or more profitable in the future. |
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Is it possible to profit from collapses of altcoins? Do you have any ideas how to?
I think it depends to the altcoins status many altcoins collapses and never rise back and if you invest on that rug pull altcoins you will not get profit in it and you will loss, however if you invest in the altcoins that collaps and that particular altcoin rise back because of the active and professional team behind it i am sure that you will get profit or big earnings into it, that is why i beleive that it depends on the altcoins concept and the team that build the altcoin that you buy. So everything you say is more about the team doing good development or making new ideas that make investors believe in all the programs that are made going forward. But sometimes I also get investors who really make the project good and end up running away. |
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I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?
I am not interested in gold or silver, so I don't have any... if you don't count some presents in gold, those I keep, but I don't wear them and neither does my wife. Luckily she doesn't like it as well. So in my case, it's BTC! And some other alts... and I am at that age when I think about putting something on the side, and crypto looks like the best option in my opinion. Simply I think that crypto is the future, and Bitcoin is leading the race. I think we are still at some beginnings, crypto needs to expand a lot more, and I think new generations will do it. When I look at younger generations they are all into technology, and eventually, they will start learning about crypto... in a few years (if not now!) we will meet 18-20 years old "kids" that know more about crypto than we do after almost 10 years dealing with it. But it's just my bet... Gold and silver are pretty much stable with some slow grow, while crypto offers a lot more opportunities! People can start from scratches literally and make something, with gold and silver it's not so easy. In my opinion, gold and silver is more suitable for those who already have billions of dollars in assets, keeping assets in gold and silver has proven to be safer and more profitable, even though the increase in gold and silver is slow, but if we are still poor, we must be brave enough to bet by investing in cryptocurrencies, there are many opportunities. we can get rich from cryptocurrencies and hundreds of percent per year if we invest in cryptocurrencies. That's true, but if you are a person who has a lot of assets or is a millionaire, but you don't have patience with yourself, it will be in vain. People have to have a patient nature to red what they want later. so you should try to be patient with what you have invested, even if it is in the form of gold or silver. agree, because patience will be able to dampen everything that is self-defeating in every action that will be taken, which will result in being able to take the wrong policy, especially in every investment made. but I myself am more familiar with investing in gold and for silver I have never done it and don't know the ins and outs, obviously I don't understand, I am more familiar with bitcoin. it is clear that bitcoin is more promising than gold and silver, but bitcoin does take a very long time and it is clear that bitcoin is a long-term investment. What makes you so sure that Bitcoin is very promising in the future than gold and silver? even though Bitcoin was only a few years ago in the world while gold was known from the stone age. You should convince gold is better than all of this it's just that gold has a very slow movement forward. |
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Having a stable job is our strong foundation against financial crisis. We might be earning higher than our permanent job but we should not leave our jobs for it because stability and assurance always provide a guarantee of a more secure future. We can have a side hustle but we should always have our job as a main source of income. Having a permanent job also enhances our skills and provides us with more experiences which we can use in the future as well.
Two things you can do if you have the opportunity. People will take this income in large amounts and they will also work on small amounts to continue to grow from two sides at once. I also do similar things if both of those I can do but I don't have a good job nor do I have the capital or big money to invest in it. |
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The graph will continue to move downwards or upwards so you should not be too happy with a momentary rise because there will come a downturn with an amount that will surprise you later. what should you do continue to see good moves to sell. Avoid short-term trading if you really want to get better results from bitcoin. Rest assured bitcoin will be more profitable in the long term, that means you just have to take advantage of market fluctuations to buy more bitcoins. So buy more bitcoin and hold, I am sure you will really manage to make a lot of profit if you are sure about this. However, you can also take advantage of short-term fluctuations to make profit. But if you want to get worth it return with the risk of your investment, then hold on to your bitcoin from now on and buy more. Great hope to remain patient with the price of Bitcoin later. but have you ever imagined that Bitcoin will just disappear? and there have bought a large amount of these Bitcoins. Can all that just make you calm? I think there will be things that make you sick. but I don't argue that all of your steps are correct to continue to see the development of Bitcoin for a long time. |
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I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?
I am not interested in gold or silver, so I don't have any... if you don't count some presents in gold, those I keep, but I don't wear them and neither does my wife. Luckily she doesn't like it as well. So in my case, it's BTC! And some other alts... and I am at that age when I think about putting something on the side, and crypto looks like the best option in my opinion. Simply I think that crypto is the future, and Bitcoin is leading the race. I think we are still at some beginnings, crypto needs to expand a lot more, and I think new generations will do it. When I look at younger generations they are all into technology, and eventually, they will start learning about crypto... in a few years (if not now!) we will meet 18-20 years old "kids" that know more about crypto than we do after almost 10 years dealing with it. But it's just my bet... Gold and silver are pretty much stable with some slow grow, while crypto offers a lot more opportunities! People can start from scratches literally and make something, with gold and silver it's not so easy. In my opinion, gold and silver is more suitable for those who already have billions of dollars in assets, keeping assets in gold and silver has proven to be safer and more profitable, even though the increase in gold and silver is slow, but if we are still poor, we must be brave enough to bet by investing in cryptocurrencies, there are many opportunities. we can get rich from cryptocurrencies and hundreds of percent per year if we invest in cryptocurrencies. That's true, but if you are a person who has a lot of assets or is a millionaire, but you don't have patience with yourself, it will be in vain. People have to have a patient nature to red what they want later. so you should try to be patient with what you have invested, even if it is in the form of gold or silver. |
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The continuation of the 2023 macroeconomic downturn makes me think bitcoin will have a hard time entering the next bull season. Ideally, there should be a recovery leg, after bitcoin built strong momentum in January – 15k bottom formation structure. It is an optimistic signal but it is difficult for new money to come in, or in other words, confidence needs to be re-created in the market. So what more can we expect??? The worst case would be a fresh bottom of 12k but a strong bounce or bitcoin moving sideways and correcting slightly, with less volatility at 20-30k.
Now the bounce is starting to show again in Bitcoin as it did today in the market. So you don't need to doubt about the increase in the price of Bitcoin this year, because new money will enter the market in this year after investors are no longer in trouble with the economic influences that they may have often faced so far. I even believe that Bitcoin can manage to pass $ 25K in this month, the possibility to go to $ 30K is wide open for Bitcoin in the first quarter of this year. The graph will continue to move downwards or upwards so you should not be too happy with a momentary rise because there will come a downturn with an amount that will surprise you later. what should you do continue to see good moves to sell. |
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In this life many things are unexpected, if we work and get a salary that according to current standards is large then never be satisfied, unexpected things can happen for example the covid pandemic which has made many people lose their jobs and they are not ready so they have to sell assets or debt to survive, from now on we must actively look for sources of income and passive income so that it can be a supporter of the main income.
It would be easy to say to find passive income but not as easy as expected with all the work you have to go through. You have to be consistent with everything you have built so far. So the more consistent you are with all of this, the more it will work as it should. It will be difficult if you can not wait to do it. |
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My financial manager is not very good so I personally prefer to be paid with a weekly system where it is easier for me to calculate expenses in one day. and I can pay bills faster and can still save every month. but everyone has their own opinion, that's why I prefer weekly over monthly
I don’t really see how your financial manager being not very good relates to how you would like to be paid. Besides, why would you have a financial manager that isn’t very good and still retain him while that would make you to prefer a weekly payment to a monthly one. I must admit, having a weekly pay has its perks. You get paid weekly and can solve minor emergencies as they arise and if you’re prudent enough, still have some left over for some savings. For those who can manage finances well, a weekly salary is a good thing, most people are too easily tempted to shop on weekends so all the salary they get is used up, but if we can leave it for investment even with a small value then weekly salary is better than monthly. It's the right choice to save what you have later. there are many things you can arrange to make your money or investment run smoothly. With a weekly paycheck being a great alternative to split dk's income |
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Actually there is no better or worse between monthly or weekly salary, it all depends on yourself which one is more suitable. But for me I prefer the monthly salary system because it's easy to practice and adjust to financial accounting which is usually once a month.
I prefer to be able to receive all the money each month and allocate it for various needs, including saving for the future. Because I can't work under pressure, so if I work with a weekly percentage salary it will be difficult for me because I have to reach the target.
Having 2 incomes every week and once a month is a very good thing, if I can choose to be able to earn both of these salaries. although this sounds greedy but it is humane. humans will never feel satisfied with what they have every year. sometimes wonder about it but that's the reality of the world. You are not greedy, and I don't care too much about getting paid weekly or monthly, what I care about is having a job that pays well and has multiple sources of income as best. Once we have multiple sources of income or a high salary, then we won't need to worry about running out of money or paying our monthly bills because we always have money. It seems you are short minded for this world and only concerned with money to continue to be able to live in the future. sometimes it's so human that you will never be satisfied with all of this. What you say is the dream of many people to be able to calmly pay their monthly debts but life is not just making money friends. |
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Actually there is no better or worse between monthly or weekly salary, it all depends on yourself which one is more suitable. But for me I prefer the monthly salary system because it's easy to practice and adjust to financial accounting which is usually once a month.
I prefer to be able to receive all the money each month and allocate it for various needs, including saving for the future. Because I can't work under pressure, so if I work with a weekly percentage salary it will be difficult for me because I have to reach the target.
Having 2 incomes every week and once a month is a very good thing, if I can choose to be able to earn both of these salaries. although this sounds greedy but it is humane. humans will never feel satisfied with what they have every year. sometimes wonder about it but that's the reality of the world. |
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Without a steady source of income how do you think that their Family could survive?
Even if you have a huge amount of money if your not using it wisely to have an income it would just drain up from all the food and bills for your family.
I've been there and done that it doesn't really work out unless you would have a passive or steady source of income.
The thing that I have felt 4 years ago with very enough income for each week with $ 1000 but everything just ran out without knowing what was bought or done. Everyone can get it, but not necessarily that person can manage what they have in large numbers. now only regret is so big and feel all that can not be repeated again. |
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The increase that has occurred to date has made many users sure as a trap, but I think the opposite, a very large transaction volume makes me sure that there is no way there are people or companies who want to bet with Bitcoin, and if you look at the market trend that occurs then I'm sure In 2023 it will be closed with a significant increase compared to 2022, maybe the price that can be achieved is approaching ATH in 2021 which is around $ 60K.
Maybe it happened, but the upswing and the graph going forward may not be obvious to people who invest small amounts but if some millionaires sell Bitcoin assets they might experience a shocking drop down the road. So whatever happens, continue to invest large amounts. if possible Investors who have millions of dollars in assets will of course find it difficult to calm down if they look at the current market, it is very difficult to predict, when in January the price rose by more than 40% but in February there was a decrease of around 10%, for those of us who have bitcoin with small amounts of course not too concerned with short-term price movements, it is better to focus on long-term hold. Sometimes investors can't really see what they have invested in the long term. there are some investors who will continue to see the progress of what they have invested and see a great opportunity later if it will happen. so I prefer to continue to monitor or analyze what you have invested to make big profits. |
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