It might sound pretty basic but doing it is never been that easy considering that there would really be factors which would really be affecting your decision. Buying and holding Bitcoin? Aiming for long term. yes you can but
if you are someone whose really that active on seeing on whats happening in the market then make it sure that you wont really be affected by it because if you are somewhat a person whose really that emotional and someone who is really that easily could be influenced then its likely or high chances that you would really be finding yourself having those kind of second thoughts whether you should be holding even longer or you
would really be tending to cut-loses or whatsoever. Its never been that something simple but of course it would really be just that depending on a certain individual Checking market movement as an long-term holder shows that you are just in for short-term goals. Because as a long-term investment one don't need to bother themselves with price movement, instead focus on how to accomplish their accumulation goal by accumulating and same time holding for long-term. Yeah checking the market movement on a regular will definitely messed with one emotions expecially those who are new in to Bitcoin which may lead to one selling their investment in a premature state. that is why when you are investing in cryptocurrency most especially Bitcoin they have to bear in mind that it is a long-term investment that will give you what you needed or what you want because a short time investment is a investment give you a short-term profit instead of a mega profit you come achieve when you invest for long time investment that is why everybody is trying to venture into a long time investment, for me I do encourage people to invest when the price of Bitcoin is low and allow it, until the price of bitcoin get increased. |
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Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Sometimes what triggers increase in transaction fees is as result of demand and supply, so when the demand is higher it will affect the transaction, for the transaction fee to be high and it has not reflected to increase in Bitcoin I may say that is normal, a bitcoin transaction increase and the price of bitcoin doesn't increase that doesn't mean its necessary that when transaction fees is high than bitcoin will also be high.. |
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If you look back at the beginning of Bitcoin, you can definitely see that the price of Bitcoin was very low. And from there it has risen to $73K at present. So think about how much Bitcoin price has changed to touch the all-time high at the moment. At present the coin is so expensive that every investor has invested their money here.
the price of bitcoin can never be constant or continued to accelerate, the price of bitcoin is something that deals with endurance and also have to do with endorsement, so that is why nobody knows the real problem of bitcoin, and how the price get skyrocket, but people will think that if bitcoin price starts to increase it will continue to increase but I don't think that it happens in such way in cryptocurrency price increment. |
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Exactly. When you look at it from that stand point, you see that the party for Bitcoin to hit 100k is only favorable to those who have been accumulating over time, as it would be, in a view, somewhat disadvantageous to those just starting up. When Bitcoin hits 100k, even the dips will still be high priced.
Whatever preparation you decide to take to curb that situation is a YOU thing. There isn't any strategy that is generalistic to a prime.
And yes, I agree with you that long term holders have no business timing and monitoring the markets because ar the long run, those small changes, price fluctuations, don't really matter.
How do you assess the losses for those who have just started when the Bitcoin price reaches $100K later? Even though those who are just starting out still haven't experienced anything through Bitcoin, except that after buying it there can immediately be a big price drop in Bitcoin. Those who are late in starting and are still thinking longer in doing it but on the one hand they also already know the price of Bitcoin beforehand, of course the ones to blame are themselves. Bitcoin is $33k away from hitting $100k in which case you're calling it a loss on investment? If you want to be complacent when it comes to bitcoin investing, you should make long-term decisions. Chances of immediate profits are low for new investors, but accumulating bitcoins with a long-term plan is a great opportunity. In this case, experts recommend depositing bitcoins with DCA - because your investment is protected when bitcoin prices rise or fall. We can speculate about the price of bitcoin but there is no way to know the price in advance. So be careful about your investment protection and start DCA. The bull run is knocking at your door and will soon touch $100k. it is obvious that bitcoin price is appreciating but I know quite well that before Bitcoin price will reach to the expected point people would likely want bitcoin to reach I think it will take them time so therefore let us all believe that the more investors are coming in cryptocurrency especially Bitcoin the more the price will continue to accelerate, so I believe that cryptocurrency and mostly bitcoin can not do without investors, so right now the price that was going up is now depreciating so let us know that the price of bitcoin is something that interchanges. |
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Bitcoin price has already touched 69000 thousand dollars, which is the highest price of 2021. So how reasonable do you think it is that the price of bitcoin will touch 70k dollar again if it takes another step forward?
right from time I do emphasize on the price of bitcoin which I know quite well that price of bitcoin is meant to change and when you know the movement of the market that will make you to understand that bitcoin price have to do with regulations, so when looking at the way bitcoin price going now you will think that the price will continue to accelerate but that is not how it does, |
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If we see the history of Bitcoin, then it's pretty easy to see how Bitcoin recovered its price. It would take time to recover, but eventually it did. So at the end of the day, holders don't need to be regretful. I am talking about Bitcoin, not about any other altcoin. Because even though the Bitcoin price has recovered, many altcoins haven't recovered yet. Even those who bought Bitcoin at the top in the last bull run, I believe they are almost recovered. If they are still holding, they will be in profit within a couple of months. Bitcoin has given us a costly lesson that holders won't regret. We should take that lesson and keep it in mind for the future.
they hold us that will be regretful when they hold the Bitcoin for long time is the group of holders or investors that purchase a bitcoin when the price is high and on the process the price decreases in the market so it is obvious that those holders will be regretful for holding bitcoin, so another one that's the main thing that is important is to target when we will buy bitcoin and it becomes profitable to us.. bearish season is one of the things that makes us to regret when we purchase a bitcoin when the prices is high so if the bearish prprolong it is when the Investor who invest in Bitcoin will be regretting of investing at that moment, what is that you cannot compare bitcoin with altcoin anyone who invested in Bitcoin have the confidence of making a profit the only thing that the person is patient |
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Human nature doesn't lead us to be patient. As a species we want everything now, this is why most cryptocurrency investors tend to fail by either selling too early or at a loss. Patience is a virtue, most of don’t have it. Those of you who can buy Bitcoin regularly & HODL for at least, ideally, three cycles, will be grestly rewarded with very impressive profits.
one thing about bitcoin investment and also bitcoin holding is that if you make that a mistake to purchase bitcoin when the price is high and hold it for long time and during the process of holding your Bitcoin it happens that bearish season approaches that means you will get lost on the process of holding BTC so I will say that bitcoin investment is not something you can assume that holding it when you buy it at a high price then you make a profit I don't think that it happens that way |
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I ask this question because I wonder what Bitcoin will become now that the financial institutions and meme coin advocates have taken over.
If Bitcoin is not peer-to-peer electronic cash then how do you see it?
bitcoin is a digital currency which will all know that from the process of knowing Bitcoin it is quite all right that Bitcoin is an independable currency and which is not under the control of government so looking at it in all round its an independable currency and that's why government continues to fight against bitcoin |
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Everyone have it ways of understanding investment, bitcoin is good investment due to it stands on it own and you as investor monitors your investment by yourself, so I will say that is why people like bitcoin, it doesn't mean that it better than other investment like real estate management and people who invest on oil well (crude oil) so we have different investment that can yield positive to us, but the problem is we are unable to discover some of the investment that will be nice for us to invest, bitcoin have many criticism when it was established but today many people has embraced Bitcoin.
Bitcoin continues to complete its 4 year circle successfully and many people are successful in investing in Bitcoin. Investors are not afraid to invest in Bitcoin because it is possible to get profit from Bitcoin if invested for a long time. Bitcoin is the top 1 coin in the market with the largest market cap among cryptocurrencies. while investors are afraid to invest in other coins, investors are not afraid to invest in Bitcoin. and all things considered, everyone considers Bitcoin a potential asset. who told you that is possible for someone to make a profit through bitcoin investment I don't think that that is right there is on investment that is easier for someone to make a profit or investment is all about risk sometimes why some people said that bitcoin is a scam it is because the invested in Bitcoin and during the process the invested in Bitcoin may be bitcoin get decrease in the market and since then they continue to Lament or emphasize that bitcoin is a scam, want to state it categorically for you to understand or comprehend me very well none investment that is easier for you to make a profit because all investment is all about risk which theirs every tendency that bitcoin investment can be same as others you that you will find difficult to make a profit |
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Everyone have it ways of understanding investment, bitcoin is good investment due to it stands on it own and you as investor monitors your investment by yourself, so I will say that is why people like bitcoin, it doesn't mean that it better than other investment like real estate management and people who invest on oil well (crude oil) so we have different investment that can yield positive to us, but the problem is we are unable to discover some of the investment that will be nice for us to invest, bitcoin have many criticism when it was established but today many people has embraced Bitcoin.
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What are the advise you to do now is to make a proper research of the journey of Bitcoin because I know that a bitcoin is a continuous process in which everybody who is here today started from low and get where it's today base on research, I know quite well that the community here teach more of Bitcoin so make your research very well before you post and they cross check to know the advantages and the disadvantages of your post because many people have for research more of bitcoins and its technology
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Greeting everyone. I was newly introduced into the system by a friend who made me to have so much interest in the system with the zeal and the passion to learn and gain adequate experience on the system but one of the major problem I'm having now is that I'm not well clarify of what merit entails and as such I will be very grateful if any good minded person can kindly throw more light on that to enable me understand in details and also benefit from the system.
something I want to advise all the beginners that come across this community so that whenever they are registered in this community there will not be much interested in earning merit, I know quite well but I'm merit is very necessary and is very important for any user that to find itself to this community but what that will fetch you a merit is when you have a positive respond to the community and when you are creative for the community so a quality post will it determine if you are going to grow positively in the community or not so if he believe in writing trash I don't think that your growth will be rapid one |
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I have make a genuine font to this particular post before because it is necessary for me to understand the situation that will make us to be well known in any platform that we found ourselves especially anything that deals with online, so making yourself famous and known for this community you have to make sure that you have a good insight and they also be innovative to the community because this community need something that is unique so that other people will learn and they acquire the knowledge from you so therefore making yourself to be known this based on your intellectual response to the community that can yield a good result
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In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
for the first time people introduce other people into Bitcoin they thought that bitcoin is a ponzi scheme but not knowing that bitcoin is not a Ponzi scheme so many people who has invested in Bitcoin right now and also the time Bitcoin was introduced in 2009 those ones is a beneficiary in Bitcoin today so it is better for window to allow anybody to convince us for investing in Bitcoin it will be proper for you to make research on it without being double-minded |
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One half what it uses to write in the forum so on neither use computer to make your post or you use Android phone to make your post was not most of us that uses a computer cannot type with a Android phone that is the difference between people that use computer to make a post and the people that use Android phone to make a post, like me I find it very difficult to make use of Android they and its boring to me and I don't enjoy it for me I prefer using a laptop computer to make my post and it is faster for me
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It is the way you understand Bitcoin that is how you will invest on it because so many persons has invested in Bitcoin and the go into handed because they have not comprehend the systematic way of investing in Bitcoin but today many people are investing in Bitcoin due to they have understand they advantages and the disadvantages of Bitcoin, and they can testify as a beneficiary of Bitcoin today based on they have understood the system of Bitcoin.. I will advise anyone who is going to invest in Bitcoin to make a proper research of Bitcoin before the person invest on it because some people does not see bitcoin as assets bitcoin as liability or waste of time
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When you have not review your secret code of wallet I don't think that any person can have access to your wallet address, from my perspective it is very important that we have to document our seed phrase so that no person can have access to it because when someone have access that you might lock whatever thing you have in that particular wallet even though it is a hardware wallet, so for you to protect ei ethereum or Bitcoin in your wallet you have to be highly secretive in protecting your seed phrase.
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Bitcoin is aid decentralized currency in which everybody know very well and before it will become a legal tender I think many people from different countries have to adopt bitcoin massively before can become a legal tender, there's something I know quite well in relative with Bitcoin before government to will approve a bitcoin as a legal tender, the top countries who is control of the nation have to accept Bitcoin as a legal tender, such as USA and Russia even China before other countries can make a bitcoin a legal tender
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It is quite understanding that without the existence of Bitcoin what coins cannot exist and from my own angle of understanding and my perspective I called altcoins a sub bitcoins because without the existence of bitcoin this coins can not exist and that is why the price of bitcoin regulate the price of altcoins, so altcoins make a positive through bitcoin so I know that bitcoin is something that has to do price increment and decrement and that controls altcoins which some people does not know.
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P2P transaction government cannot monitor it because it is something that deal with the individual and for government to track it and they restrict it I think it will be very difficult for them it is only the backing system I know quite well that government can restrict their transaction through bank transfer which means that it is the bank that will be crediting for any transaction that is being done, in my country there is a restriction of bank transaction that has to do with the cryptocurrency, but in p2p it cannot be restricted from my perspective.
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