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Author Topic: I never held this much bitcoins.  (Read 772 times)
Abbey85
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October 02, 2018, 10:28:42 AM
 #61

Bitcoin is becoming more popular than ever, and it is a good signal because it helps people get out of the grip of banks. Stakes in many organizations are for diversification or investment. Long term may be more solid than most bitcoin traders today, which makes bitcoin affordable and at the same time makes it more attractive to other investors and retailers. The disadvantage of bitcoin is quite large when it is considered worthless and declared death not less than 112 times. The advantage of bitcoin is quite large. Bitcoin is 10 times bigger than Linden Coin at its peak.
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Munz77
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October 02, 2018, 10:55:00 AM
 #62

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.

Stick it on a Trezor and walk away for a couple of years
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October 02, 2018, 11:33:48 AM
 #63

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.

What makes you really sure that investing in btc will profitable for you ? Bitcoin value can falling more deep any time in the future, no guarantee it will rise.
But i guess your choice is a good one because btc has stabilizing at $6k, maybe it is the bottom of btc.

While I definitely agree with your view as there is plenty of space below where bitcoin can slide into, the way it remains stable for the last few months, with minor fluctuations in either direction, gives us a bit of hope that it has finally found its real "fair" price (as you write yourself). I don't advise to go all in but buying some bitcoins now may be a good idea after all. That's what I'm doing myself anyway.

And let's not forget that with every day passing by, we are closer to the next halving which will have a noticeable effect on bitcoin prices to the upside, probably starting since early 2019. To sum it up, with time passing and bitcoin price being rock solid, the risks of it falling substantially lower are diminishing. What it means everyone decides for themselves.

Guess at pointed out much earlier, selling half of existing investment in stocks doesn't quite qualify as "all in" or fully invested. Which is a good thing since all eggs in 1 basket is really a recipe only for those who have the luxury of living alone with no hope or desire of ever gaining any dependents.

I'm as much a believer as the next, maybe no stash of coins that qualifies me as a significant holder, but much faith and much hope. Sort of the way am a lifelong fan of a sports club that has so much potential but may never achieve true success in my lifetime;)

Bitcoin of course has far greater fundamentals, but it is still, after all, an experiment unfolding with no real end result in view. But yes, every day that passes without the dream crashing down around us in one day closer to that point of no return.

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BitHodler
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October 02, 2018, 12:46:25 PM
 #64

Stick it on a Trezor and walk away for a couple of years
Doesn't really help because there is no way you can entirely avoid knowing about prices with how we are entering the mainstream world. I tried it for a while but gave up on it with how pointless it is.

Even if your current target is to hold your coins beyond 2020, the price increasing with 50% this year will very likely be so tempting for you to cash out, that you will actually do it. Most people aren't firm hodlers.

It's insanely difficult for people to resist the temptation of selling, especially if they start thinking about how the price can go down and you miss out on a selling opportunity. It's a mental war game for real.

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October 02, 2018, 10:06:54 PM
 #65

And how much you are holding now.
I am sure before buying that full bag of bitcoins you had some thoughts which made you buy them. No one goes in the market and start buying stuff immediately without looking at its best part.
Everyone does know its a 50-50 situation in the crypto all the time. You either win the profits, (hell of profits) or you can loose the money to death. Lolz.
I think you will be find over the course of time if you ever wait for the right time point to hit the right price.
It is better for him to not reveal the exact number of coins that he's holding because if he does then it's likely that hackers are going to try to target him and get his money, it is better to avoid to reveal how much coins you are holding to anyone so you avoid trouble in the future.
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October 02, 2018, 11:15:05 PM
 #66

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.

I think its time for buying more bitcoin. Bitcoin price already drop more than 60% from ATH and i am believe the price will recover soon or later. Better make long term investment on bitcoin because bitcoin have biggest liquidity in market and more people will invest in bitcoin
Well,good time to buy when we observe the difference from ath price and today. As long you know the risks in investing and you understand the volatility in the market you are prepared with your investment. I also believe that market of btc will recover so I am waiting for it to happen.
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October 03, 2018, 12:40:55 AM
 #67

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.

I think its time for buying more bitcoin. Bitcoin price already drop more than 60% from ATH and i am believe the price will recover soon or later. Better make long term investment on bitcoin because bitcoin have biggest liquidity in market and more people will invest in bitcoin
First the price will not drop below $6k because it has now reached the lowest price of bitcoin, and buying now will be highly recommended because you will not regret and lose money later, especially if you hold it for the long term, it will definitely be worth and benefit
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October 03, 2018, 12:46:25 AM
 #68

I actually did the reverse , I only have less bitcoin but diversified to altcoins. Maybe I need to get more bitcoins again before the bullrun.

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October 03, 2018, 01:22:27 AM
 #69

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.

I think its time for buying more bitcoin. Bitcoin price already drop more than 60% from ATH and i am believe the price will recover soon or later. Better make long term investment on bitcoin because bitcoin have biggest liquidity in market and more people will invest in bitcoin
First the price will not drop below $6k because it has now reached the lowest price of bitcoin, and buying now will be highly recommended because you will not regret and lose money later, especially if you hold it for the long term, it will definitely be worth and benefit
Diversifying of your investment is good  tactics specially while the price is in roller coaster mode, that's a short investment is more profitable, but for long term investment you should think and take advantage on the down trend of the prices  because profitability will be more    if you are patience enough.

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October 03, 2018, 03:04:23 AM
 #70

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.
No doubt as it is really a good time to buy at a cheaper rate particularly if you intend to hold for a longer period of time since one is not certain about any short period price increase. And if everyone one of us should imbibe buying spirit as compared to sell spirit that will really help the market recovery as quickly as possible in no time, because selling has a negative effect on Bitcoin market value and any other coins.
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October 03, 2018, 03:54:27 AM
 #71

yes you are right now the price of bitcoin is still at a very cheap price and this bitcoin price can return to a very expensive price up to the price of $ 20k again but you must be able to be patient because in this cryptocurrency you need very high patience to be able to get a profit.
kidsrock
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October 03, 2018, 07:17:37 AM
 #72

yes you are right now the price of bitcoin is still at a very cheap price and this bitcoin price can return to a very expensive price up to the price of $ 20k again but you must be able to be patient because in this cryptocurrency you need very high patience to be able to get a profit.

I think that the price will attract the new investor to join in bitcoin because they see the price is not too high to buy. And I believe that the price can go up to the higher price and back to reach $20k shortly. Besides that, it will not stay for a long time because there will be a time for bitcoin to start recovering from the low price to the higher price. And I agree with you that we still have to be patient this year.
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October 03, 2018, 07:49:16 AM
 #73

now is the best time to buy bitcoin because the price of bitcoin has begun to show price increases and you should be able to prepare profits that you can get when the price rises at the end of the year and as much as possible you can grow the bitcoin you have.

BlackSociety
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October 03, 2018, 08:31:31 AM
 #74

I also hope that October will bring us good luck, because I also convert most of my property (Altcoin and USDT) into Bitcoin like you!

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October 03, 2018, 09:21:13 AM
 #75

I actually did the reverse , I only have less bitcoin but diversified to altcoins. Maybe I need to get more bitcoins again before the bullrun.

One should have the balanced portfolio as you do not know exactly which coin will give you what returns. So having multiple coins is always the recommended one and it also balances you portfolio which is more important as well. So that you do not place all your eggs under one basket.

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tee-rex
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October 03, 2018, 01:18:41 PM
 #76

Bitcoin of course has far greater fundamentals, but it is still, after all, an experiment unfolding with no real end result in view. But yes, every day that passes without the dream crashing down around us in one day closer to that point of no return.

In that way we can think of everything being an experiment or at least a work in progress. This is even more so with respect to money as there have been many flavors of it which were tried throughout history. Now we have fiat which is not backed up by anything but a kind word and a gun as Al Capone once put it. But everything being an experiment doesn't really make any difference as we are living today no matter when this experiment is going to end, if ever, and how exactly. So, in a sense, anything we do can be considered experimenting, not just bitcoin alone.
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October 03, 2018, 02:10:11 PM
 #77

Stick it on a Trezor and walk away for a couple of years
Doesn't really help because there is no way you can entirely avoid knowing about prices with how we are entering the mainstream world. I tried it for a while but gave up on it with how pointless it is.

Even if your current target is to hold your coins beyond 2020, the price increasing with 50% this year will very likely be so tempting for you to cash out, that you will actually do it. Most people aren't firm hodlers.

It's insanely difficult for people to resist the temptation of selling, especially if they start thinking about how the price can go down and you miss out on a selling opportunity. It's a mental war game for real.

You make such a good point; payout of debt/discretionary spending/tangible assets among other things make it very difficult. Perhaps op forgets he had the Trezor, then finds it.
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October 03, 2018, 02:34:14 PM
 #78

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.
You did a good thing to be honest, but entered the market at the wrong time. I am sure you were aware of the risks you would be facing and knew the consequences. Hope you didn't end up dumping the coins. And yeah, now is actually the best time to invest on crypto currencies. The prices are kinda stable right now. So we can hope for a price rise soon enough.

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October 03, 2018, 04:34:11 PM
 #79

well, I'm not too much when holding bitcoin. I always hold bitcoin under 1 bitcoin for a long period of time, whereas when I have more than 1 bitcoin, maybe I'll sell it in the near future. well, sometimes there are so many things that need to be bought.

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October 03, 2018, 04:47:28 PM
 #80

This is indeed the best time to buy at low prices and make your portfolio diverse. BCH was a manipulated coin which was profitable only for the founders. Try to invest in variety of coins which have potential and can grow in future.

According to many investors and experts, this year would in a positive note.
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