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At one point or the other, we all need to buy bitcoin, but when do you actually buy it? or when is the best moment to buy bitcoin?
For example, should I save some cash to but bitcoin when there's a 0 -15% dip? or should I wait till there's a major drop of >30%?
Is DCA the only way to buy bitcoin? What if I invest in an altcoin that booms and then take profit from it to buy more bitcoin?
What is your strategy to buy bitcoin?
This summer, July was my first Bitcoin purchase. Based on a friend’s suggestion, I decided to buy some bitcoins. I think there is no problem buying on dips, but it takes more time to observe the market to get more returns. |
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Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?
You can't consider the problem subjectively. Whether the value of Bitcoin is useful to you is your own opinion. Some people think it is very valuable. There is no reason to deny. If you think there is no value, no one will force you, but the price is now on the market. The step-by-step growth is because more and more people believe that Bitcoin is valuable. If the number of people decreases, the price will also decrease. Therefore, the value depends on the person. |
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Originally, I worked at the company as usual, but there were reports that there was a confirmed case nearby, which made me have to be vigilant. The virus began to wreak havoc after the weather became cold, and will it begin to spread again? And the vaccines have basically been vaccinated, but they have not completely resisted the virus, which made me worry again. I chose to vaccinate, but I found that the effect of vaccination was not ideal.
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In fact, many countries in the world oppose the popularization of cryptocurrency in China, but the influence of China alone can make the currency price plummet. In the future, we can see that many countries will ban the popularization of cryptocurrencies in their own countries, because this is only their own. This will exacerbate money laundering and illegal activities.
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Hello. All. Actually first I come in this space (crypto) in 2017 where btc was $1.8 K to $19K. Right Now Btc is approx $35K.This was really a very interesting exp. for me. Today, i was though t Crypto should be in the Syllabus of students all over the world because there are lots of opportunities in this pace for Young Generations.
What your Opinion for the same?
Cryptocurrency is indeed suitable for many young people to choose to invest, but most governments or countries have not recognized the legality of cryptocurrency. This is actually difficult to achieve, and cryptocurrency itself is an investment. I don’t think that when young people are in college Loss will not be considered the responsibility of the school! |
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I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?
Is it KNOWLEDGE or CAPITAL, or even BOTH?
These two choices are both successful capitals, and they are both very important for investment. If you have both of them, you will naturally avoid many wrong roads on the road of investment. If there is no innate choice in capital Advantages, relying on later efforts also need a knowledge basis to make oneself earn more wealth. |
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Selling or buying investments ?
As a bitcoin trader the hardest decision that we can ever take is , selling our beloved cryptocurrency and this is preety hard because of :-
1. Our emotions
2. Our lack of knowledge
3. Hope !
Well you all can relate to the fact that whenever we are into selling something, we take hasty decisions, generally if the price is falling and we lack patience and even if we are scared that this can go worse in the future we generally sell and then regret moments later when we see it climbing ladder.
Even if the price is going great and its increasing we generally tend to regret if we sell it and the price continues to grow.
This is really hard once our emotions are involved with our investments.
I think that the best thing we can do is separate our emotions with our investments. We should kind of make a pact to never regret any decision that we ever made because in the words of Victoria Holt “never regret, if it was good , its wonderful and if its bad, its experience.”
I think what’s important is taking into account every single detail in the market regarding our investment and at the same time emotionally detaching our minds and making stable decisions and that’s what makes a investor successful.
Also someone has truly said “the investment market takes money from the hasty one and gives it to the patient one”
Emotions in the crypto market are to test our investors’ own self-control ability. When encountering negative news in the market, they are most likely to be manipulated by emotions and make wrong decisions. |
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A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.
-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?
(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or
(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
I think B is easier to accept, because I have heard a sentence that has deeply affected me. I could have tolerated the darkness if I hadn't seen the light. |
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This is indeed the case. Bitcoin has added a richer extra income to my original fixed salary and changed my original life. I was frustrated when I couldn't save too much money every month, but now I have excess savings and a rational investment mind.
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Nowadays, people are not for profit or fame and fortune. This is what we pursue in our life. Learning knowledge in school is to graduate and have a better job. The purpose is the same, in order to earn more. Wealth to support myself and my family, in order to live a life that I yearn for and a happy life.
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Everyone’s wish is to have a good and dream future which is more brighter than any other thing else, but by so doing, some loose the ones they have gotten already while others tends to gain more and add to their fortunes, thereby making them more famous and relevant. The Bible said “Hold thou fast which thou has” so there is no justification for you to loose the things you have gotten but this don’t always stand as some people are ready to gain even the one which you have accumulated for yourself. In my life, I feel better to gain than loss because;
1.Winning and gaining is what am in this life for
2. Gaining will make me more relevant in all endeavors than to loose
3. For me to get engaged in many things, then my mindset is determined already
on gains
4. I say yes to the pains because no pain then no gain, therefore I should have
more.
After entering the crypto market, many of my previous ideas were subverted. Although I sometimes fail to invest, I also gain experience and knowledge. The goal of entering the market has not been achieved, but it has brought experience for future investment success. |
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The volatility of Bitcoin will not be manipulated. The reason why I am attracted to Bitcoin is also because of the characteristics of Bitcoin and the reason why most crypto enthusiasts who invest in Bitcoin follow Bitcoin.
Under the large-scale adoption, I think it will only make the price of Bitcoin continue to grow, and the value of Bitcoin depends on people's demand for it.
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I recently listened to a discussion on which assets could actually be better to protect or even profit from inflation. This comes as most of the developed world is suffering the consequences of a soaring inflation and several pinch points in the supply chains and the international trade, such as a massive demand for freighters and severe queueing in ports.
How would you defend yourself from inflation:
- Buy bitcoin
- Buy more commodities.
- Buy REITs or real state.
- Buy stocks of listed companies.
- Buy art.
- ... any other?
Inflation is indeed a distressing problem, but the technology of cryptocurrency has given us the foundation to resist inflation. As a way to preserve value, a decentralized way can achieve these characteristics. |
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Hi! As a newbie I am very enthusiastic in learning more about the crypto system. I have read a number of articles and a bunch of posts in this forum about the bitcoin phenomena (if some of you would agree). Since I have not yet started earning as a newbie, maybe some of you would be open as to what is the highest figure you have received in your bitcoin transaction. This would really motivate a lot of newbies in learning the potentials of bitcoin.. Thank you and God speed.  For me, there is currently no benefit. Because I haven't invested in Bitcoin yet, but I see that the recent market trend is a good opportunity to buy bottoms. |
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More and more wealthy people holding cryptocurrencies are not good for the government. These rich people have made money in their own country to buy overseas cryptocurrencies. This will allow the funds to flow overseas, which is not for the country. It is beneficial, and the purchase of cryptocurrency by the rich will make ordinary people think that it is a very reliable investment and exacerbate the outflow of funds, so the government and the country do not want to see such a situation!
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With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?
When the initial epidemic broke out, the market was indeed affected to a certain extent. That was because people were panicked and worried about the raging virus. The national economy was affected, and some investors chose to sell their tokens. However, as time has changed and the economy has slowly recovered, most institutions and companies have returned to their usual business. Now that vaccines are available to fight the virus, it has not only stabilized our economy, but also made us face the pandemic. Still choosing to invest in encryption, the covid19 vaccine has also further promoted the global economy. |
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Compared with Bitcoin, the advantages of investing in gold are obviously higher than that of gold! The total number of bitcoins is 2,100w, and gold has been continuously mined globally. The greater the amount of mining, the greater the impact on the price of gold. Secondly, inflation and the central bank’s price of gold may be manipulable. So I think that investing in Bitcoin is not only a big profit space, but also long-term bullish, and the price is not controlled by the government!
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Bitcoin will not end in China. This is the trend of the times. There will be investors in every country who are willing to invest in cryptocurrencies. China is no exception. On the contrary, there are many investors in China, which have played a very important role in cryptocurrencies. When the government wants to ban Bitcoin, there will always be someone who has a way to continue buying or trading Bitcoin! This will not end.
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Bitcoin's value fluctuations will become larger. This is because the future appreciation of Bitcoin is huge. When Bitcoin is valued at 10w USD, the daily fluctuation of 1% is the amplitude of 1000 USD. When it rises to 100w USD At that time, the amplitude of 1% of the daily sideways can reach 1w US dollars. The amplitude of Bitcoin is determined by the value. It is not a very stable currency, so we should invest it rationally and choose it!
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I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?
Is it KNOWLEDGE or CAPITAL, or even BOTH?
Having a wealth of knowledge and capital will make the road to the goal smoother and more colorful, without causing confusion and not knowing what to start from. Both are equally important to us, to bring you everything you need when you want to do something. |
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