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I consider that when things get out of control they will never be a hobby or anything fun , Especially because what is lost is money and that is already something delicate, therefore when we decide to do things right we must have great money management so as not to lose it completely, fun at the casino can depend on ourselves, we can play once or twice a Week , but we should still make reasonable bets and not something that harms us, if we play every day the most probable thing is that we will have an impressive money leak, then it is not something profitable , I would not say that it is a hobby, I would define it as adult fun.
Even if the hobby turns addictive, it still doesn't stop the fact that it's a hobby, it only stops been a hobby when we no longer do it for leisure or fun but for the sole purpose of making money, at that point it's no longer a hobby but an extra job for an extra income, also known as a job on the side. Even with an addictive habit, a hobby remains one only that at they point, it may be gradually turning into a harmful practice that may have some negative effects on the gambler and in the long run becomes a problem for those who are around him too aswell. Initially gambling is a hobby but eventually it becomes an addiction when it involves money. You may indulge in gambling here outside of your normal activities but soon it starts causing you harm and the bad effects can spread from family to people around you. You can call an activity a hobby only when no money is involved. Gambling can be taken as a hobby when you can keep it within yourself but if it affects the lifestyle of those around you in a negative way then it is at the addiction stage. |
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As new investors we expected Bitcoin to touch $100k this year but it is currently in a bit of a downward trend. Still I'm more optimistic that I can buy Bitcoin at my expected DIPS but if it continues to be bearish for longer I may regret not buying at a lower price. Waiting for more dips may give better results although chances may be last. My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025? I value speculation when it comes to investing. https://www.coindesk.com/markets/2024/06/21/bitcoin-options-market-isnt-buying-btc-price-weakness-shows-bias-for-100k-calls/ |
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When the price of Bitcoin starts to fall, the expectations of many investors may increase for more dips. This is a natural reaction that happens but you should not hold yourself back for investing and especially for Bitcoin investing. There will be dumping and pumping in the market so you should have a process to choose the best one as the scope of good opportunities is relatively small. You need to set your target so that the profit is high and to do that you need to hold long term regardless of the price of Bitcoin.
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The halving was a major event that attracted many new investors to bitcoins, some started investing seriously some months to the halving just so to make some profit from it.The halving was what attracted them, but now that the halving has come and gone, do you think that the number of new investors will reduce for the now until the next halving is close again?
After every halving events comes unnecessary worries among investors, I was once like you OP, and thinking this way makes me lose hope in Bitcoin only to be surprised in few months later, if you are smart enough you will hold your Bitcoin like your life depends on it. So many people will lose hope, it has always happen this way in the past post halving season, and the real redistribution of wealth will start taking place, many will leave and some will accumulate more, while everything keeps looking boring, things will start changing. Its a trick on the mind if you believe that its over, when it looks like its over is when a parabolic move is gearing up, do not be a fool, you have been warned. That's how the market works. In my opinion, the market will only grow when people get bored and sell all their bitcoins., the market will never increase in price if there are still many investors who are optimistic and determined not to sell their bitcoins. Market makers won't push the market to high levels for investors to take profits because they won't get anything out of it, but by making things dull and boring, people will feeling disappointed and selling thier bitcoins. Then they will push the market up in people's doubts and people will buy back at high prices and that is when market makers take profits. There are a small number of investors who are fed up with the bitcoin market who may withdraw but their numbers are limited. There are some natural trends in the market that investors tend to become more active as prices rise. Because the price increase makes them very optimistic |
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As miners reduce production and there are fewer Bitcoins circulating in the market, the price will rise as expected. It’s also possible that operators in this space will come under increased political scrutiny because the halving is likely to lead to increased investment and consolidation among Bitcoin miners.
The timing of the halving is actually a decrease in the value of bitcoin - the big opportunity for investors. Just an opportunity to buy low price before the price of bitcoin increases. After a few ATH in a short period of time, Bitcoin's price has not fallen that much - suggesting that its price will rise as expected. |
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Take advantage of the Bitcoin halving and make a small profit
Your argument is not completely dismissed, investing in bitcoin at this time is almost certain to make you profitable. But I would say that in the currently dips market, you may not get the opportunity to buy at this sinking price in the future - so you buy and hold Bitcoin. This HOLD bitcoin will make you much more profitable - long term investment. A bull run could take bitcoin to $100k soon. So you try to have a lot of profit instead of expecting small profit. |
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A gambling expert brought i and some friends a guaranteed predicted game and asked us to stake a a high amount so that we winning could be huge and so we can give him a percentage of the money at winning.
I don't believe there could be a 100% guaranteed game but yet my friends who are eager to make profits in the gambling accepted to play the gamed as instructed and at the end of it, they all loosed the game and at then, the rest of us were happy because we didn't play the game else we would had loosed as others.
I want to ask, do you believe in experts gambling predictions?
Believing that an experienced gambling fortune teller or astrologer will be 100% correct is nothing but foolishness. Your friend may have got positive result in two predictions so he may have believed it but if he has bet multiple times in one go then surely that expert astrologer's prediction may not be true in gambling. In case of gambling these predictions given by astrologers or pujas or supercomputers never come true or even if they are true they are just made to create some kind of confidence in people. In all these situations, if you never read, then your loss may be more than your gain. You are correct! Believing or trusting the predictions of an astrologer is definitely foolish. Many may give different examples but they are largely false. Again many astrologers are connected to gambling in various ways and try to make you see the truth - it can be a trap and just a way to make money. Even many astrologers try to influence common people by using their own agents. So I would say that you have to keep your wealth safe, don't fall into someone's trap and lose your wealth. |
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The link is very informative for newbie. |
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I will also say with you that I am very excited and happy to join the bitcoin forum. Hope to get everyone's support. I have read the rules first and can follow them. I will also try to share my experience with everyone.
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