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So you basically want to sell for fiat and then if bitcoin goes lower you buy it back. You use the same amount of fiat but you buy more bitcoin because its cheaper. Sure this is a great way of doing things as long as we are in a bull market. But what will you do if you sell, and the price keeps going higher and higher? Or you sell and it goes lower and lower?
Best is just to hodl if you think it has more growth long term. This type of scalp trading never works out. Especially for new traders. You might get lucky once or twice and get a better average of your bitcoin holdings but eventually you will sell at the wrong time and buy at the wrong time.
Usually the opportunity only surfaces when in a bull market which as we know is rare, less frequency is more favourable with risk management |
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Hello Everyone,
I'll keep this one short.
Question
HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?
Personal Experience
I have held & traded, personal view is that the trading aspect is exciting (within reason) as it yields percentage points. Having a risk assessed figure in mind then switching out to wait for the prolonged market decline to join back draws very few negatives from my view. |
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Hello Everyone,
I hope you are all well, i'll keep this short.
What is your educated guess relating to the end of year BTC price?
My personal assumption is 70K GBP (88K USD / 82K EURO), I may be pessimistic with my assumption but the risk management side of myself sees this as achievable.
In all honesty i'm unsure on the talk surrounding 79K GBP (100K USD / 92K EURO)
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Fantastic breakdown!
Your analytical approach may prove to be accurate but time will answer this.
Some may complain about the "complicated nature" of the breakdown but when the average person is consumed by short form entertainment it's a given.
Personal standpoint for this current cycle is that we are below the ATH by a good margin, my guess is that BTC will top out at 67-70K GBP.
My theory even though the market is unpredictable is that we cannot possibly have a downtrend in price back to base level due to the recent bear market we just had, I've seen assumptions that this bull run will last into 2025 but November 2024 seems like a more reasonable guess.
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Hello All! Apologies for the confusion caused  1 hill you'll die on regarding the future of BTC - BTC will be shake investment firms, wherever the money is these cut throat firms will follow with action 1 common delusion you've seen related to BTC - That BTC will challenge existing currencies 1 piece of advice that you wish you got told sooner relating to any BTC variable - Patience with portfolio growth Noticed the criticism of my assortment of thoughts which is welcome, constructive feedback relating to my writing style will aid me greatly in improving! |
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Hello Everyone,
I hope you are all well, slightly longer post than usual.
As the title suggests I would enjoy to hear:
1 hill you'll die on regarding the future of BTC
1 common delusion you've seen related to BTC
1 piece of advice that you wish you got told sooner relating to any BTC variable
[UNRELATED BELOW, ASSORTMENT OF THOUGHTS]
Questions are the metaphorical key to pandora's box but with every action there's an opposite force, in this case one answer could unlock subconscious treasure for an individual stuck in the box we call programming. Programmed since birth whether that is from parents relating to lessons they've received from generations passed or the indoctrination of the education system, I could go on an endless tangent about the capability cap one puts on his or hers self relating to the coding they've subconsciously downloaded from whatever the source may be but I will turn the key to open my next point.
Limitations relating to one's potential is common & accepted due to the fear of trying something new, being with the blanket of comfort while not entertaining the idea of going into the cold unknown draws parallel to BTC, those who are opposed to this market have the perception of everything being pitch black but don't realise that BTC can be the light leading to eventual clarity & comfort. Why limit oneself in avenues connected to financial stability & or freedom, there is the argument of balance with there needs to be the average, the talker & or the cowardly to highlight the excellence, the doers & the brave.
The connection to oneself could be described as connecting cognitive capabilities to the centre crevouses of cured slow aged growth |
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Hello Everyone,
I'll keep this short.
BTC 2030, what is your educated opinion on the state of BTC come the end of the decade? |
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I don't think this thread belongs to the Bitcoin discussion. It would be better to move your thread from the Bitcoin discussion board to the Service Discussion Board. I am curious: why do you want to keep your savings on your card? I can understand if you want to spend crypto on a card directly. Otherwise, I don't see a reason to use a card to store funds there. It's better to store your funds in an open-source hardware wallet like Trezor than keep them on a card. Your card would block or freeze your funds at any time. In your daily life, you may use a card to make purchases or whatever. Currently, I am using a Redotpay virtual and physical card for crypto to fiat. But you have to provide your KYC to use their services.
Thank you for the reply! Apologies for the incorrect board. I have no foundation to give an answer to your question, most likely linked to my inexperience of these crypto variables hence the original question. |
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Hello, Everyone
I'll keep this short.
In YOUR opinion, where has the most reliable debit/business cards to put my excess profits on? I have been told Ledgers card service is acceptable but it does come with a few negatives, similar with the Crypto dot com card. Any opinion is welcome, open to alternatives. |
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Hello, Everyone
I'll keep this short.
What does achieving one's potential look like to you?
The man who burdens himself with responsibility will be edged into the limestone of immortality |
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Hello, Everyone
Thank you all for the responses!
Some seem to be the capsized sailor found by the boat of bitcoin while others have conquered the seas already
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Hello, Everyone
I'll keep this short.
What does BTC mean to you?
Some may say freedom others say hope in a world of restriction, love to hear your responses. |
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