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Author Topic: getting back into the BTC game  (Read 910 times)
Distinctin
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July 19, 2024, 08:45:04 PM
 #81

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

It’s bad that you didn’t return it a year and a half ago, since then the price was 20 thousand for Bitcoin. Now is not the best time to invest, because the price has long been in the corridor between 60-70k and sometimes breaks it up and down. If you decide to buy Bitcoin, it’s better not to do it now, but at the next drop to 60, or 57k. Because at least this way you can be sure that the price will continue to rise.
However, if you are here to accumulate and hold it for long term, buying at the present price is not actually a problem. After all, you wouldn't dare to sell at a loss price so even if you try to buy a small amount with the current price, this is still considered a good buy. But if you want to wait for a little pullback of price, that's also a wise decision. You can actually make bigger profits in the future if you started buying bitcoin at an affordable price.

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July 21, 2024, 10:45:49 PM
 #82

Welcome back to the crypto world! It's great to hear you're taking steps to secure your investments with a Trezor Safe 3. As for the future potential of Bitcoin (BTC), here's a balanced perspective:

Optimistic View:
Institutional Adoption: Major institutions are increasingly adopting Bitcoin, which adds legitimacy and stability. Companies like Tesla, MicroStrategy, and Square have made significant investments in BTC.
Scarcity and Demand: Bitcoin's capped supply at 21 million coins creates scarcity, which can drive up value as demand increases.
Technological Advancements: Continued development in blockchain technology and layer-2 solutions, such as the Lightning Network, improve Bitcoin's scalability and transaction speed.
Regulatory Clarity: In many regions, clearer regulatory frameworks are being established, which can reduce uncertainty and encourage broader adoption.
Cautious View:
Volatility: Bitcoin remains highly volatile, which can be a risk for investors who are not prepared for significant price swings.
Regulatory Risks: While some regions are becoming more crypto-friendly, others may impose stricter regulations or even bans, which could impact Bitcoin's market.
Market Sentiment: The crypto market is heavily influenced by market sentiment and news, which can lead to unpredictable price movements.
Competition: Bitcoin faces competition from other cryptocurrencies and blockchain technologies, which could impact its dominance and value over time.
Personal Perspective:
While I don't have personal views, it's clear that Bitcoin has both strong potential and significant risks. It's wise to stay informed, diversify your investments, and be prepared for the inherent volatility of the crypto market. If you're optimistic about the long-term prospects of Bitcoin and blockchain technology, "hodling" could be a rewarding strategy.
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July 24, 2024, 11:43:14 PM
 #83

It’s bad that you didn’t return it a year and a half ago, since then the price was 20 thousand for Bitcoin. Now is not the best time to invest, because the price has long been in the corridor between 60-70k and sometimes breaks it up and down. If you decide to buy Bitcoin, it’s better not to do it now, but at the next drop to 60, or 57k. Because at least this way you can be sure that the price will continue to rise.
However, if you are here to accumulate and hold it for long term, buying at the present price is not actually a problem. After all, you wouldn't dare to sell at a loss price so even if you try to buy a small amount with the current price, this is still considered a good buy. But if you want to wait for a little pullback of price, that's also a wise decision. You can actually make bigger profits in the future if you started buying bitcoin at an affordable price.
If a person really has the commitment to become an investor and hold for the long term, then buying at the current price is not really a problem, not only because I at least expect the price of bitcoin to double at the end of this bull run, but also because even if it did not happened, bitcoin is still one of the best assets you can buy and this is not going to change, so investing in it right now is a great move that will eventually give you the profits you are looking for.
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Today at 11:15:24 AM
 #84

It’s bad that you didn’t return it a year and a half ago, since then the price was 20 thousand for Bitcoin. Now is not the best time to invest, because the price has long been in the corridor between 60-70k and sometimes breaks it up and down. If you decide to buy Bitcoin, it’s better not to do it now, but at the next drop to 60, or 57k. Because at least this way you can be sure that the price will continue to rise.
However, if you are here to accumulate and hold it for long term, buying at the present price is not actually a problem. After all, you wouldn't dare to sell at a loss price so even if you try to buy a small amount with the current price, this is still considered a good buy. But if you want to wait for a little pullback of price, that's also a wise decision. You can actually make bigger profits in the future if you started buying bitcoin at an affordable price.
If a person really has the commitment to become an investor and hold for the long term, then buying at the current price is not really a problem, not only because I at least expect the price of bitcoin to double at the end of this bull run, but also because even if it did not happened, bitcoin is still one of the best assets you can buy and this is not going to change, so investing in it right now is a great move that will eventually give you the profits you are looking for.

It's just better not to rush now.  The price behaves very sharply after the introduction of ETFs, and it is absolutely clear that the market has changed and the old patterns are not working. 
Price movements have become fast and recoilless, whereas before the price always adjusted its course. Therefore, it is better now to wait until 35-45k in Bitcoin to the dollar. 
I am sure this goal is close, because a sharp decline has begun.

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.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
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/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
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