The best time is when we high lower lows in 2018 and 2019, which is around $3000'ish.
But if we go on your argument that we are going to hold in the next 10 years then yeah, possible, as you as you have a tough mentality to hold in that span of time. Anyhow, I'm basing on my experience, I have stocks that I hold for more than 10 years so it's doable. The only thing that might sway people though is that crypto is very unstable and risky because of it's volatility.
It is like building our future or securing the next generation so that we can somehow have assurance. People are just scared to invest because it is either they are not knowledgeable or they want an easy money. A bitcoin investor should practice improving their patience and skills in observing the market. Cryptocurrency is very playful in the market and there are a lot of factors that can affect its price and it can also affect your investment positively or negatively if you're unaware of it. |
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The complex market conditions are different than in 2018.
A month ago, we were cheering a $15k Bitcoin. Now we are whining that Bitcoin is 'only' $30k and what will gonna do in this bearish market. I'm calm, and even I find it normal if there is some drop to $25k or $20k. It will give me a chance to buy some more for the long game.
This is also what I'm planning, I will also buy more during the dip so that I can still make future bull run profitable too. Just don't panic when its price suddenly go down, there's always good in the bad so just chill out and plan your next move. But it is probably not the same when bitcoin undergo bear market right now, it will not be the same like before in 2017-2018. However, don't be too confident and make this bull run profitable for you. Bitcoin is complex, volatile, and unpredictable, just help yourself become effective, observant and improve in the market. |
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But there is inflation? Where are they getting this money from?
Governments aren't going to entertain any investments in crypto unless they're tiny enough to not make much of an impact and then it won't do anything for them. And thisd cause inflation still, what if everyone's holding? There are going to be a lot of holders and a lot of preassigned otc sales already.
Maybe the governments already thought about that and only some countries do have the guts to engage in cryptocurrency. For some people, bitcoin and other coins can be the answer to inflation but for the governments? I think it is not that worth it. Maybe the government should focus on those businesses and opportunities where they can still operate safely without violating any rules and protocols. Cryptocurrency is also a good investment but not for the government, that's why they make bitcoin a decentralized finance, so that people have freedom with their assets. |
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Which exchange do you trade? It would be better if you use stop loss to prevent from huge crash.
Like an experienced trader usually do, they use stop loss so that they can minimize their losses during trading. I'm using Binance as my favorite exchange and I'm very comfortable on using it. I'm suggesting you to also try it because it also has safe wallet that help you store your coins. Try to search more about trading and once you learn about stop loss, try to apply it on your trading strategies so that you can see the essence of limiting your losses. |
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If it is not for spending, why withdraw it? That's 0.0003BTC, probably not something you would not lose sleep over if Bitcoin will continue to plunge for the next days. If I were you, I'd leave it there and even add more Sats as the price is falling.
And also, why would you sell during correction time? Bitcoin's price has gone past $40,000 and you are planning to sell at around $30,000?
That is one of the main reason why newbies in an investment are getting lower profits or losses because they settled on selling at a correction price. Which is not the proper thing or not the best thing to do in order to make investment profitable. If you can hold and wait for the best time to sell, you can have much time to think much better decisions and strategies so that you will have no regrets. |
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Simply, if now I know that BTC will exactly hit $1m in the future, I will buy more right now and hold it for several periods. However, we do not know when it will come. So, I personally just focus on the short investment for right now. taking small profits from the market price and continue to hold little by little for a long term inevstment
That's what makes bitcoin investment risky, you don't know when its price will grow up and down. If bitcoin's price reached that's price then it only proves that nothing is impossible in bitcoin. It means that it can reach any price depending on the market situation and we need to prepare so that we can seize the opportunity to make it profitable. |
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What will you choose ?
Given a choice, who would want to be poor?? What a non-sense question is this? What do you think would happen in 21 or 22? Explain property instead of throwing an open ended question without a context! Everyone is expecting a bull run to continue and even get momentum at the end of this year but if you don't have any bitcoin, how would you get rich? So talk about the opportunities where people can get a share of bitcoin, instead of just yelling about getting rich! That's why we should act right now and stop dreaming about getting rich and escape poverty. Some people there are just wanting to become rich without even investing, they don't know how to start and they don't even looking for the answer. No matter how long you want to be successful in life if you don't engage in cryptocurrency investment and settle on working your job for so many years then it will not make you sustain your needs in the future. In order to become financially stable, learn how to deal with risks, invest, trade, and improve every single day. |
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You should have the guts to risk what you can afford to lose in trading and in order to deal with that, you should practice having that mindset and dealing with the market.
It is hard to develop patience, confidence, and skills when you are not really dealing with how playful the market is. I just don't get it when people are saying that you should trade because it is profitable.
It is somehow true but that's not a 100% win or profit for you because in trading, risks are always there and will make you weak, scared, and incapable of losing your capital.
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We all know that digital currencies and transactions will not work without internet, therefore, cryptocurrencies are relying on it.
Big companies will surely become bankrupted as there will be a recession that will occur because market activities will be stopped. Internet is the number one thing that can make the world fall apart when it gets terminated. People are relying on the internet because we are living in a world that connects us through internet.
It really makes our lives become much better and easier and I think that all of our hard-work in our investment will be put into wastes when internet disappears.
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Do NOT click on any links in the emails as they will probably attempt to load malware on your system!
Then tag them as spam so they go into your spam folder to eventually be deleted.
I doubt it's what you said, nothing to do with malware. It's a phising attempt, they are trying to obtain usernames and passwords to access anything that can be related to OP (Wallets, exchanges, emails, accounts). Just declare it as spam and be done with it, ignore any further emails that you may receive in the future. No matter what you call it, it is still dangerous for someone's privacy and safety. Considering it as a phishing scam, it still can have an access to your information and attack your software. Just don't click an unknown links and that you will see online and it looks like that the OP is so done with those links. Maybe he can download an adblocker so that those things will not bother him anymore and also to add safety and security in his device. |
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These reports really destroy the image and reputation of bitcoin in the public.
People are getting scared to invest on it because all they know is that bitcoin is a scam and not legit.
We need to report all those scams so that we can somehow help those newbies to become aware and prepared when they encountered that kind of schemes. Bitcoin is never a scam, don't just focus on an easy money, don't be fooled by a free bitcoin giveaway or bitcoin multiplier that you can see online because no one will give you bitcoin for free.
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There is no conundrum here. There is a sad reality, though.
If something is good, the demand for it rises. If the demand rises, the price of that thing is going to rise as well. And if that which is good and in demand is very limited, the price would go even a lot higher to the point that only the rich man can afford to buy a lot and those who are poor can only buy a little. This is the reality that even Bitcoin is trapped into.
The good thing with Bitcoin, however, is that it is available to everyone and in smallest of quantities. And sometimes it stoops down a little and makes itself a little more affordable to the average people. And this early, unlike IPOs, it is offered to everyone interested.
Bitcoin is for everyone, it is the best digital cryptocurrency that is accessible in any status that you are in. Even if bitcoin is volatile, still people are making it as a safe haven because they think that bitcoin was made for that. We have different perspective, purpose, and goal to wards bitcoin. We need to deal with the reality that if there's an investment, there's always risks, questions, and doubt that we are going to experience. It is open for those who are willing, those want to believe in its potential to help your grow as an investor. |
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Not only wealth creation, but also wealth destruction,  once he tweeted Tesla stocks were way too high in price and that led to plummet in prices of the stock  well, popularity and fame can definitely influence people, that's why people love to have fame, because they have then this power over other people's mind and can manipulate it for good or bad  We all know that social media and many platforms can really manipulate the people's perspective and mindset. If there's a big personality who promotes bitcoin, then its fans or community will also have interest or curiosity towards that cryptocurrency. Elon Musk is really open for cryptocurrency and he is open-minded and confident that it will help him become the no.1 richest person in the world. Many people will believe in him because he is already a successful person and many people there are thirsty to become rich too. You know why? Because he know how to adapt, how to invest, and to manipulate something that is full of potential and one of it is Bitcoin. |
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It's actually quite simple. Are you satisfied with your profits, or are you still not benefiting from the bitcoins you have.
Don't trust other people when that person suggests selling your bitcoins for a small loss, that's really stupid advice.
You can sell it when you get a profit.
Whatever it is you have to make a target, if it still hasn't reached the target you have to hold it, but when you feel it is enough to sell it.
Don't sell at a loss.
This is what it is, don't let other people affect your decisions in an investment. You're a grown man and you should know how to help yourself, you can have different opinions but think about yourself. If you know that it is not worth it to sell then go, if it is profitable for you then go. But always remember that you are accountable about the actions that you are going to do. Always have a certain target where you are comfortable, confident, and contented when you make profits, focus on your goal. |
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Good opportunity to buy the dip right now if you have any spare fiat lying around. It won’t go much lower before we begin the next leg up so buy what you can now.
Sounds like a whisper of the devil, but you're right that this is a good opportunity to buy more because in the next few weeks, bitcoin might fly. Hoping that bitcoin can reach $50k before summer so that our sacrifice and dealing with risks will become worth it and profitable for us. But still we need to be mindful and wise about the decision and actions that we are going to do in the near future. |
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The best way is to invest it into trading or hold it in a secure exchange, so you can sell it later when the BTC price pumped.
Holding your coins for a long term in an exchange is not a good idea, you should know how to use hardware wallets. It is really hard to risk your coins into an exchange because hackers can have an access to your coins when these platforms have an error or weakened its security. Storing bitcoin for a long term purposes needs to have a higher security and comfortability so that you will not worry that much on losing your coins. Just try to buy a hardware wallet because it is also for a long term use and it is worth it to have that if you're a bitcoin holder, try to use Ledger Nano. |
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First of all, you need to be cautious of the videos you watch on Youtube cause some videos are used to send false information whilst some are used to scam people through ROI investment.
Having said that, the only way I think you can increase your Bitcoin profit without selling your coin is by offering loan service on an exchange which some exchange called investment of BTC on their bankroll and any information apart from all what I said is totally a scam.
There are a lot of things that can be used by scammers especially if it shows how to grow your bitcoin investment. They will say that trading is the key, they will make you become eager to earn for more profit and at the end of the day, they will ask you to send them your money first before they help you. Don't trust those videos that you are watching, feed yourself with facts, with knowledges, and with information that will help you in trading and making your bitcoin grow. Some people are just holding because they are scared of those risks in trading and we really have different preferences and perspective in life. |
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It's difficult in Africa
This statement says it all, it is really difficult to live in Africa where its natural resources were put into waste and not maintained properly. That's why its people are not benefiting any share from its country and even the government is having a hard time to support its people. Even cryptocurrency will not be regulated properly in Africa as they lack of basic knowledge and internet is not well-introduced to them. Hoping that they can follow development in their country because there are a lot of opportunity in bitcoin that are only put into waste. If their country will do their best to go with the flow then it can somehow lessen their sufferings and have an improvement in the economy. |
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No coin bankers can introduce today that will have competition with bitcoin or challenges bitcoin, because looking at whatever they mentioned as alternative coin, is very obvious that it will be centralized because government will have control over it while bitcoin will still remain decentralized currency, and looking at it, it's not a fresh or a new news because government right from time has negative agenda towards bitcoin from the looks of their things.
They will still choose bitcoin due to its decentralized nature and people will not settle on owning a centralized currency. That's the reason why people are investing on bitcoin because they want financial freedom and independence when making transactions with bitcoin. It is hard to trust the government because there's always a negative agenda and corrupt activities that will exist if they make that possible shitcoin that they will produce. The humanity and crypto community deserves better we need to evolve, develop, and adjust in supporting a digital currency that will really help us. Also the public should know that bitcoin really have a good advantage and potential on helping investors to grow and become successful. |
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No one has full control, but someone can manipulate the orice specially those who has big volume of holdings. They could make the price suddenly drop. This big holders are the whales, might be a syndicate that want to take advantage of the current run. Their manipulation Might affect the price but for only short term. They still can fully control it.
Although your thoughts are unclear to me, because manipulation is just the same with control but I still got your point. Yes, still they can manipulate the price, therefore they can control the market. I know that there are also a lot of factors that can affect the price of bitcoin such as the volume, demand, cost of mining and etc. Hoping that we can somehow adapt and adjust on what to do to make bitcoin investment profitable. |
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