Roseline492
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November 15, 2023, 10:09:56 PM |
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The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing, so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin, sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin
Yeah actually no time is wrong to invest on Bitcoin but it all depends on the mindset of people, because I'm very sure that do to the current state of Bitcoin price so many people who doesn't have much funds are scared because they believe that before they could accumulate up to one Bitcoin it must have taking them forever so those are the fear most people are having so they always feel that waiting for the dip will make them accumulate more. But however is a actually wrong for them to think that way because they could wait forever and the price may not still dip.
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ginsan
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November 15, 2023, 10:40:42 PM |
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You expect the price to rise higher in an instant and that could happen, but it's better not to focus too much because if the price drops suddenly it will make you disappointed. Investing is more relaxed and not carried away by other people's thoughts, I mean we have to be patient longer to see higher prices. I'm not too genius at analyzing charts but I regularly accumulate bitcoins every week. I know how easy it is for those who say it but they won't be able to fight their desires to last longer.
Long-term holding requires patience and rising Bitcoin prices will make you more eager to buy and continue buying. I think you should stop saying price speculation here because we don't want to hear it. Maybe I think it's better to discuss the best ways to be able to hold longer when you get a profit.
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aoluain
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November 15, 2023, 10:55:49 PM |
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[edited out]
So as of now Bitcoins market price is back up to $37,518. if I'm not mistaken we just experienced a "dip" and this thread if I'm not mistaken is all about the "dip", I'm not going to read through the 204 pages to find out if a dip is conditional or has to be over a certain percentage. This is a perfect example of what the thread title is about. "no, no its ok I dont want that 4.6% discount, I'll purchase at the higher price, thanks all the same"Yes, you can rationalize your behavior all that you like, in order to make it seem that you were right about how you were playing this, even reflected in your posts that said that you were waiting for a dip in the lower $30ks... also especially when I was probably correct in my speculating that you had likely been holding onto too much cash during the two months (between mid-August and mid-October) that BTC prices were between the upper $24ks and then lower $27ks, and so now you are trying to act like you are playing your cards correctly merely because you happened to have caught a 4.6% dip and you likely would have been able to pick up more cornz between mid-August and mid-October when the BTC prices were between the upper $24ks and then lower $27ks... You can read the ideas of this thread however you like.. We are likely talking about a variety of ideas within this thread including that some of the concepts of the thread of waiting for the dip might not be correct for those folks who are too busy waiting for dips rather than making sure that they are prepared for either price direction (psychologically and financially), and surely if you are too busy waiting for dips you might not be sufficiently and/or adequately prepared for UP.. and that is for you to decide those kinds of balances. I doubt that any of us are not going to be able to judge those kinds of specifics in regards to other members... We do not have details about other members.. only about our own situations and maybe going by what other members are saying that they are doing or thinking about doing. Each member has to figure out those kinds of balancing of when to buy and how much to buy matters for themselves, even if they might have had been sitting on too much cash and then buying BTC at higher prices (that technically happens to be a wee-widdo dip). By the way, I bought some on this dip too.. but it is hardly even really worth mentioning.. since I am more in a kind of maintenance stage rather than a BTC accumulation stage, since I had already been overly stocked in BTC since about 2015 or so.. depending on how matters might be measured.. Since you have been registered on the forum for more than 6.5 years, it could be that you are in a similar stage of your BTC journey as me, but I have my doubts.. especially based on the way that you had been describing your wait for a dip and then you end up bragging about a mostly meaningless dip.. so hopefully you are more adequately prepared for UP now, just in case we might not get any more dips for a while.. not saying that I know, but I am saying that it is good to figure out systems in which you are prepared for either direction, even if you have some beliefs that it might go in one direction or another and you may or may not end up being correct. OMG you have an awful lot to say about me, a lot of presumptions and an awful lot of waffle. "Bragging" - absolutely was not my intention and I apologise to all if it came across like that. I was literally pointing out a live dip scenario.
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Y3shot
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November 15, 2023, 11:29:53 PM |
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The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing, so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin, sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin
Bitcoin price can't be predicted, the more you wait to buy at a lower price the more chances of missing the opportunity to buy when it is even cheap. Buying bitcoin low shouldn't be a problem from stopping one not to invest in bitcoin, buying bitcoin anytime one is able to afford is not a bad idea, their is still profit for every bitcoin bought as far as one is able to hodl for sometime. It is good to buy bitcoin at the bottom of the dip but waiting to buy at the bottom of the dip is something that may not happen because of volatility can be predicted. Everytime at which bitcoin is bought their always a profit for it in the future, always waiting for dip to buy bitcoin I consider it to be greed which can be an opportunity that can be missed. Let's learn to value every price we can afford to buy bitcoin, if we meet up with the dip to buy bitcoin then let's go fall it, but waiting for a speculated low price to buy is something that may not happen as predicted at the moment.
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FinePoine0
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November 16, 2023, 01:31:43 AM |
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No matter how much the price of Bitcoin increases, if Bitcoin is deposited regularly, one should always continue to invest in the DCA method. Because if we invest every week then we will calculate monthly average. And if I invest monthly DCA method then I will calculate annual average. By calculating the average price that will come, of course, we should continue our investment in this way. Investing as an average is less likely to result in a loss, because if the price of Bitcoin goes up, we will have a price chart with the median as the price from the lowest to the highest. Because if we have invested 10-15 dollars per week then we will average the average price list.
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Fara Chan
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November 16, 2023, 01:45:46 AM |
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No matter how much the price of Bitcoin increases, if Bitcoin is deposited regularly, one should always continue to invest in the DCA method. Because if we invest every week then we will calculate monthly average. And if I invest monthly DCA method then I will calculate annual average. By calculating the average price that will come, of course, we should continue our investment in this way. Investing as an average is less likely to result in a loss, because if the price of Bitcoin goes up, we will have a price chart with the median as the price from the lowest to the highest. Because if we have invested 10-15 dollars per week then we will average the average price list.
This DCA method is not only suitable for one person, but is very suitable for everyone so that the application of this method will never be stale for anyone at any time because it has been proven to be able to accumulate every week, month and year. I also still really like this method because it can help me to get an average price and an average profit when price increases start to occur like now, besides that there is never any loss as long as I don't release Bitcoin at a low price. So I still consider this method to be very good for me to continue applying to my investments so far.
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Samlucky O
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November 16, 2023, 01:58:29 AM Last edit: November 16, 2023, 02:10:06 AM by Samlucky O |
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No matter how much the price of Bitcoin increases, if Bitcoin is deposited regularly, one should always continue to invest in the DCA method. Because if we invest every week then we will calculate monthly average. And if I invest monthly DCA method then I will calculate annual average. By calculating the average price that will come, of course, we should continue our investment in this way. Investing as an average is less likely to result in a loss, because if the price of Bitcoin goes up, we will have a price chart with the median as the price from the lowest to the highest. Because if we have invested 10-15 dollars per week then we will average the average price list.
Am not really sure if that is what dey are referring to. I think what they are talking about is that the more bitcoin price increases the more people becomes more agressive to buy. Consedring the prices growth because you might get into trouble by investing when bitcoin price is very high. And morover who know if the price will keep on soaring higher that we should expect also lower. So the DCA method you are emphasising might be good but in this context I don't really think that what@onyeze is talking about. But that not withstanding, buying bitcoin should not be something one should be afraid of. price increase is always an advantage to accumulators because many fact has proven bitcoin to be a store of value.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing, so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin, sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin
I am not sure if bitcoin price dynamics can exactly be boiled down in the ways that you are attempting to describe because sometimes there is both retail purchasing and there can also be manipulation, and sometimes we can start to develop false senses that the BTC price is going to continue to go up (forever or whatever without a correction), and then all of a sudden, we end up getting a 30% correction.. so it is not necessarily easy to tell which way the BTC price is going to go in the short-term even though sometimes we can end up getting a bit elated about the fact that the BTC price keeps going up, causing our wealth to increase if we already have bitcoin, and also causing pain for the bitcoin naysayers, the bears, the shorters, the no coiners, the low coiners, the fence-sitters, the shitcoin pumpeners and perhaps a few other categories that I am leaving out... we cannot always determine when the UPPity is going to stop.. and sure it could stop right now, it could wait until $40k-ish, it could wait until somewhere between $50-$55k or maybe it could even go higher before it meaningfully corrects.. but at the same time, I have some difficulties imagining that we would not have resistance at some point before $55k, but I am not going to hold my breath in either direction.. If you look at a chart from early to mid 2019, you will see that we had 3.5x in 3months, and I doubt that the current market is any weaker than that market, even if a 3.5x in 3 months might have less than a 15% chance of happening, even if we use $27.5k from a few weeks ago as our tentative starting point. When you said we will have a resistance before bitcoin price reaching 55k that one is quite sure because nobody predicts the future of bitcoin and we are not fully sure that as the price is increasing and so shall it be, I am pretty much saying that I don't know where there is going to be resistance, but there are certain points where I suspect that there could end up being resistance before $55k (and potentially a decent-sized correction before surpassing such resistance at $55k), yet I am still don't have much certainty about whether such resistance will end up playing out and I don't really play around with changing the system that I already employ based on possible increased or decreases in my beliefs that there might be support and/or resistance at various short-term price points. I personally believe that my own system is largely price neutral, even though just like many other forum members I like to spout out in regards to various resistance and/or support points that may or may not exist or if I might believe that there is 60% chance of something rather than a 50% chance, which largely is not even necessarily saying much in terms of maybe it will happen and maybe not.. and at this moment, in regards to what I believe might happen, I am slightly leaning in this direction rather than in that direction. its inappropriate and improper to say so, because the values of bitcoin can not constant it either goes up and down at every minute bitcoin is changing in digits, so that's why I said we should not wait until bitcoin fall drastically before we think of buying to hold so that we can make a profit why we can be waiting and the price continues to cling going up, so the bearish time is best time to buy and hold and bullish is also best time to buy and hold bitcoin, sometimes when bitcoin experience increase in the market it take it time to retrace, it like the value of bitcoin in 2010 and values of bitcoin 2023 its not same, so the values changes.
Well it seems that many of us who are in bitcoin believe that overall it remains quite likely that BTC prices are going to continue to go up whether we are talking about 1-2 years from now or 5 years from now or 10 years from now or whatever date into the future, but even the fact that mostly many of us believe that the BTC price is more likely than not to be going up, it still should not mean that we are completely unprepared for various kinds of scenarios in which our base case does not end up coming true. .The amount that you are prepared for UP versus DOWN likely has to do with your various factors, and surely if you are relatively early in your BTC accumulation journey then it may well take 4-10 years just for you to get to a position in which you feel that you have accumulated enough BTC and that you can transition into some other kind of a strategy.. such as BTC maintenance...l or maybe you have other ideas regarding what you would like to do with your BTC and/or whether you are going to want to continue to hold BTC or to sell it.. which I cannot imagine selling all of your BTC to be a good plan if you took 4-10 years to establish a position... [edited out]
So as of now Bitcoins market price is back up to $37,518. if I'm not mistaken we just experienced a "dip" and this thread if I'm not mistaken is all about the "dip", I'm not going to read through the 204 pages to find out if a dip is conditional or has to be over a certain percentage. This is a perfect example of what the thread title is about. "no, no its ok I dont want that 4.6% discount, I'll purchase at the higher price, thanks all the same"Yes, you can rationalize your behavior all that you like, in order to make it seem that you were right about how you were playing this, even reflected in your posts that said that you were waiting for a dip in the lower $30ks... also especially when I was probably correct in my speculating that you had likely been holding onto too much cash during the two months (between mid-August and mid-October) that BTC prices were between the upper $24ks and then lower $27ks, and so now you are trying to act like you are playing your cards correctly merely because you happened to have caught a 4.6% dip and you likely would have been able to pick up more cornz between mid-August and mid-October when the BTC prices were between the upper $24ks and then lower $27ks... You can read the ideas of this thread however you like.. We are likely talking about a variety of ideas within this thread including that some of the concepts of the thread of waiting for the dip might not be correct for those folks who are too busy waiting for dips rather than making sure that they are prepared for either price direction (psychologically and financially), and surely if you are too busy waiting for dips you might not be sufficiently and/or adequately prepared for UP.. and that is for you to decide those kinds of balances. I doubt that any of us are not going to be able to judge those kinds of specifics in regards to other members... We do not have details about other members.. only about our own situations and maybe going by what other members are saying that they are doing or thinking about doing. Each member has to figure out those kinds of balancing of when to buy and how much to buy matters for themselves, even if they might have had been sitting on too much cash and then buying BTC at higher prices (that technically happens to be a wee-widdo dip). By the way, I bought some on this dip too.. but it is hardly even really worth mentioning.. since I am more in a kind of maintenance stage rather than a BTC accumulation stage, since I had already been overly stocked in BTC since about 2015 or so.. depending on how matters might be measured.. Since you have been registered on the forum for more than 6.5 years, it could be that you are in a similar stage of your BTC journey as me, but I have my doubts.. especially based on the way that you had been describing your wait for a dip and then you end up bragging about a mostly meaningless dip.. so hopefully you are more adequately prepared for UP now, just in case we might not get any more dips for a while.. not saying that I know, but I am saying that it is good to figure out systems in which you are prepared for either direction, even if you have some beliefs that it might go in one direction or another and you may or may not end up being correct. OMG you have an awful lot to say about me, a lot of presumptions and an awful lot of waffle. "Bragging" - absolutely was not my intention and I apologise to all if it came across like that. I was literally pointing out a live dip scenario. We are in a public thread, so I am just responding to what I perceived to have had been important points in relation to your various posts... and yeah, I find it problematic for any member to be rationalizing away behaviors in which s/he may have had been hanging onto way too much cash during the couple of months between mid-August and mid-october that BTC prices were largely bouncing between the upper $24ks and the lower $27ks, and sure many of us likely make mistakes along the way, and I would think that you are not the ONLY member here who had likely hung onto way too much cash during those two months, and might even have some regrets regarding those choices, but surely each of us has to live with the choices that we made... ..and maybe I should be asking Wind_FURY to chime in to let us know how he feels about how vocal that he was being during that mid-august to mid-october period about waiting for BTC price dips that did not end up happening, and does he feel o.k. with his own position and BTC accumulation situation since the BTC price did not end up dipping lower at that point.. and our price moves and UPpity break out of more than 40% UPpity, it is seeming even more problematic to even be hoping for sub $30k BTC prices at this time.. .I am not saying that they won't happen, but sometimes each of us surely has to attempt to make sure that we really are sufficiently prepared for UP and not overly weighted for DOWN that now might be appearing a bit more ridiculous since those whole two months we were quite a bit below the 200-week moving average which should have had been more of enough of a bottom to have had been buying the dip during that time.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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bitLeap
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 16, 2023, 09:05:41 AM |
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The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing, so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin, sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin
I would like that say that there is no need to wait for Bitcoin to drop before buy the little we can, because we don't really have in mind when Bitcoin will skyrocket above what we are expecting, I do believe that with the help of the DCA method 1 Bitcoin is still equal to 1 Bitcoin, so why wait? Buying every dip is good, this few weeks Bitcoin has been above $34k and it's going up, so am just trying to say accumulating and holding ate the best options to take. I do agree that every time is perfect to purchase Bitcoin both during the bullish season is perfect to click on the buy button, those who have the mind to manage risk can buy at the bull season. That's right, when we wait for a dip to buy, sometimes the market keeps moving up, and that makes us miss our chance to buy and we end up having to buy at a higher price. I don't think this is the time for us to procrastinate anymore, especially now that prices continue to move up. As I said before, waiting will make us miss opportunities and I think that's something that is not good, especially we already have and prepare for us to allocate to buy bitcoin. Because if we talk about our desire to buy at the lowest price, everyone will say the same thing.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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Lamkuthang
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November 16, 2023, 09:51:04 AM |
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That's right, when we wait for a dip to buy, sometimes the market keeps moving up, and that makes us miss our chance to buy and we end up having to buy at a higher price. I don't think this is the time for us to procrastinate anymore, especially now that prices continue to move up. As I said before, waiting will make us miss opportunities and I think that's something that is not good, especially we already have and prepare for us to allocate to buy bitcoin. Because if we talk about our desire to buy at the lowest price, everyone will say the same thing.
First, I like reading the posts in this thread. There are many things I can take from the conversation about investment methods and techniques in the DCA pattern which are currently hot in this space. So, in my opinion, what has been discussed at length about DCA seems to have proven successful. Yes. The observed price of $37,278 is currently running and from what you said it also seems reasonable to do so immediately, because BTC is also rising slowly and steadily.
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Roseline492
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The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing, so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin, sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin
I would like that say that there is no need to wait for Bitcoin to drop before buy the little we can, because we don't really have in mind when Bitcoin will skyrocket above what we are expecting, I do believe that with the help of the DCA method 1 Bitcoin is still equal to 1 Bitcoin, so why wait? Buying every dip is good, this few weeks Bitcoin has been above $34k and it's going up, so am just trying to say accumulating and holding ate the best options to take. I do agree that every time is perfect to purchase Bitcoin both during the bullish season is perfect to click on the buy button, those who have the mind to manage risk can buy at the bull season. That's right, when we wait for a dip to buy, sometimes the market keeps moving up, and that makes us miss our chance to buy and we end up having to buy at a higher price. I don't think this is the time for us to procrastinate anymore, especially now that prices continue to move up. As I said before, waiting will make us miss opportunities and I think that's something that is not good, especially we already have and prepare for us to allocate to buy bitcoin. Because if we talk about our desire to buy at the lowest price, everyone will say the same thing. Of course is the right time to buy and the earlier people realize themselves the better for them because just like what happened before when the Bitcoin price was still a bit dip of $25 so many people were still expecting it to dip more before they could utilize the opportunity and invest and however the next thing they saw was Bitcoin moving straight up and considering the price of Bitcoin now they are wishing for the price to go back to the previous state so that they could buy. And perhaps the price has still present a great opportunity for them to still utilize the opportunity and invest but are still waiting for more dip, so however if people should continue expecting dip before they could buy perhaps they will miss out all the buying chance they have and end up not buying at all.
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BABY SHOES
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November 16, 2023, 12:48:03 PM Merited by JayJuanGee (1) |
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This depends on the individual and their monthly income and how they can manage their finance. If 30% is cool for you, it might not be cool for others because it is better that you are consistent with your bitcoin accumulation weekly or monthly rather than buying aggressively and stop along the way as beginners because the plan to move slow and steady without making decisions that will end up obstructing our bitcoin goal. I think the 10% is a good start for beginners and some beginners might nor even have up to 10%. Such people can start with 5%, as it is better to get started with the amount that you can avoid than to sit down and wait for no reason.
Therefore, it must be adjusted to individual needs, don't follow other people's percentages, why do I say 30% because the salary earned during a month of work is quite large, so I allocate to bitcoin to be spent with that percentage as long as they are heavy then they can be lowered but with an aggressive level, isn't that better as long as it doesn't become a burden during our month? For beginners it still makes sense if you start from 5% -10% it is still quite normal but over time beginners can adapt to the finances they have and by spending 10% if they have been able to master management well then it could be that it can be increased depending on their abilities, I never force anyone. Another thing that you fail to understand is that one need to have funds in reserve and for emergency so that you don't end up going back to sell from your bitcoin when you are short of fiat. This is why I think that 30% is wat too aggressive. If I were you I might increase it to 15% or 20%, because you can only buy $50 worth of bitcoin weekly like you said. The signature campaign reward will not be consistent and they is no need to put ot as an added percentage because what happens when you don't have a signature campaign pay for one months. Just like what will happen this week, you will be kicked oit from your campaign due to shortage of funds to continue the campaign and all Full Members will be dropped. Do you know how long that you will stay without a signature campaign pay ? Only hope to buy with what you can afford weekly and if there is extra addition let it be a plus to your bitcoin portfolio.
There is always a saying before investing make a reserve fund of at least 3 months or more so that your investment is safer because it will not be interrupted in the middle of the road.Of course I think about the reserve fund, because if I don't think about this, it is certain that when there is an urgent situation that requires fiat, the reserve fund can be used, no need for investment funds to be pulled out. The signature campaign can be an additional percentage man if you don't cash out directly with fiat I just try the income from the signature campaign to HODL and accumulate in addition, even though it doesn't consistently earn here but it can be considered as additional funds for your investment. As for whether or not I'm getting kicked out of the campaign now, I won't tell you because I already have the answer to that announcement so I'll tell you the truth. Never know how long I'll last but I'm trying to make extra money in the campaign.
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Raflesia
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November 16, 2023, 01:41:10 PM Merited by JayJuanGee (1) |
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The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing, so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin, sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin
Yeah actually no time is wrong to invest on Bitcoin but it all depends on the mindset of people, because I'm very sure that do to the current state of Bitcoin price so many people who doesn't have much funds are scared because they believe that before they could accumulate up to one Bitcoin it must have taking them forever so those are the fear most people are having so they always feel that waiting for the dip will make them accumulate more. But however is a actually wrong for them to think that way because they could wait forever and the price may not still dip. There are a few things that I want to correct in this case because however when talking about bitcoin then right now there is no wrong time to buy when we have found what methods or strategies are suitable to do. Many feel that the price is always a benchmark in buying but when we have determined the strategy that is done especially for almost everyone who is here who says DCA actually the price is not always a benchmark because in the end we have to realize that thinking further about the price when we do DCA is just a waste of time because in the end we know that regardless of the price that is going up or down when DCA is done things like that are not the main reference because the point is in DCA not in the price. In addition, having 1 bitcoin or more is indeed very good but that does not mean we have to have 1 bitcoin as our benchmark as an investor because that kind of thinking makes us too focused on one thing but not thinking about other conditions. We just have to focus on doing what we can do, no need to peg that we have to collect 1 bitcoin or more as a condition that we are an investor because we are not here to burden ourselves.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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Litzki1990
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I have a friend who always tries to learn about bitcoin from me and I always try to tell him about bitcoin. He knows that I have investments in Bitcoin and he is very excited about the growth of the Bitcoin market for some time because he will invest and he expects to make a profit from the investment. So I asked him if you want to invest like me and want to make profit by investing then you answer me one question that how much you know about Bitcoin and you only think about profit by investing in Bitcoin do you know your money loss after investment may be In answer to my question, my friend told me that since you have made a profit by investing, I can also make a profit by investing.
If your friend is interested in investing only because of the profit aspect of the investment, you should give him a complete understanding of the investment. This is very normal for newbies. Newbies are always in a hurry in any work. From the friend you mentioned, it sounds like your friend is more interested in investing only on the profit side of the investment, you should tell him that the amount he has the potential to gain from the investment is the same as the amount he has the potential to lose from the investment hence the profit and loss. After accepting, he should express his interest to invest. First of all your friend needs to know enough about investing, he will never be able to hold an investment with the same understanding that your friend has about investing. When your friend's investment shows some loss due to a small change in the market, your friend will get very excited and sell all his investment because he cannot bear the small loss. Instead of doing so after investing, he should have adequate understanding of the investment before investing. You must tell your friend the advantages of holding investments for a long time and also directly discuss with him that he needs to be patient and take risks.
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EarnOnVictor
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November 16, 2023, 02:13:43 PM Merited by JayJuanGee (1) |
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No matter how much the price of Bitcoin increases, if Bitcoin is deposited regularly, one should always continue to invest in the DCA method. Because if we invest every week then we will calculate monthly average. And if I invest monthly DCA method then I will calculate annual average. By calculating the average price that will come, of course, we should continue our investment in this way. Investing as an average is less likely to result in a loss, because if the price of Bitcoin goes up, we will have a price chart with the median as the price from the lowest to the highest. Because if we have invested 10-15 dollars per week then we will average the average price list.
Am not really sure if that is what dey are referring to. I think what they are talking about is that the more bitcoin price increases the more people becomes more agressive to buy. Consedring the prices growth because you might get into trouble by investing when bitcoin price is very high. And morover who know if the price will keep on soaring higher that we should expect also lower. So the DCA method you are emphasising might be good but in this context I don't really think that what@onyeze is talking about. But that not withstanding, buying bitcoin should not be something one should be afraid of. price increase is always an advantage to accumulators because many fact has proven bitcoin to be a store of value. You are now the person confusing others, the guy never made mention of anyone, he just replied to the OP directly and what I read makes so much sense, only for the error made that DCA have a guarantee against loss which is not so because if the asset you are DCAing on is bad, there is nothing you can do about it and you might lose the investment, DCA or not. That is the only correction I could make on his reply and I'm certain that the advice given is a very good one that would save anyone from investing irrationally, this is particularly if such is not the type that is good with the market speculation. As for yours against what you believe others said, if one sees the price of Bitcoin increasing and due to that makes an aggressive buy, it's such a foolish act. It would be so dumb if the person didn't have any speculative idea about Bitcoin, what if it was bought at the peak where the coin is getting ready to fall? I'm glad you considered this yourself, but for the second part that it could continue to rise, that is the dilemma that is happening to investors as no one knows for sure what the market would do. But for the DCA's advice, all the problem is solved and there is no investor that regrets DCA as long as the investment itself is good. Take, for instance, someone who wants to invest when the price is high. Let's say the Bitcoin price is at $37,000, instead of letting FOMO (emotion) rule you into regretting your actions as Bitcoin price might be at 34,000 and lower a week after or regretting not buying if it reached about $45,000 a week after, you might want to DCA. This means that you won't miss out entirely but would first start with a small fraction of the DCA investment. This is so wise as far as I'm concerned and it's being done by dividing the intended money into equal parts, and most prefer 10 parts. You now invest each part periodically, it might be daily, weekly, or more, just as you prefer it. By this approach, you've outsmarted the market as you can't miss out if it is sold or bought.
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JayJuanGee
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November 16, 2023, 03:14:40 PM |
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The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing, so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin, sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin
Yeah actually no time is wrong to invest on Bitcoin but it all depends on the mindset of people, because I'm very sure that do to the current state of Bitcoin price so many people who doesn't have much funds are scared because they believe that before they could accumulate up to one Bitcoin it must have taking them forever so those are the fear most people are having so they always feel that waiting for the dip will make them accumulate more. But however is a actually wrong for them to think that way because they could wait forever and the price may not still dip. There are a few things that I want to correct in this case because however when talking about bitcoin then right now there is no wrong time to buy when we have found what methods or strategies are suitable to do. Many feel that the price is always a benchmark in buying but when we have determined the strategy that is done especially for almost everyone who is here who says DCA actually the price is not always a benchmark because in the end we have to realize that thinking further about the price when we do DCA is just a waste of time because in the end we know that regardless of the price that is going up or down when DCA is done things like that are not the main reference because the point is in DCA not in the price. In addition, having 1 bitcoin or more is indeed very good but that does not mean we have to have 1 bitcoin as our benchmark as an investor because that kind of thinking makes us too focused on one thing but not thinking about other conditions. We just have to focus on doing what we can do, no need to peg that we have to collect 1 bitcoin or more as a condition that we are an investor because we are not here to burden ourselves. It seems to me that there is nothing wrong with having goals, and maybe considering how realistic the goals are and/or what is the reason for something like a 1 BTC goal.. it is a bit of a unit bias kind of a setting, and like I mentioned earlier, if someone were either brand new to bitcoin or just recently beginning to accumulate bitcoin, then having a goal to get to one bitcoin in 10 years, would likely require around $200 per week invested into bitcoin... for those persons who do not have the cash to front load their investment into bitcoin. So if we attempt to be realistic with our goals, then we may welll also like to have short and medium term goals too that might involve what are we attempting to achieve this year and maybe what are we attempting to achieve in the next 5 years... so in the end we could have several different kinds of short and medium term goals that could be working towards the achievement of the longer term goal that might seem quite far off.. something like 10 years or even having goals of 20 to 30 years is also not unrealistic, even though they might have a lot of complicated steps along the way that might end up causing them to need to be adjusted later down the road if it might appear that we are not on the right track. Let's get back to the 1 bitcoin in 10 years goal, and even if a person realizes that there likely needs to be around $200 per week invested into bitcoin in order to make such goal realistic, such person could still maintain such goal for a while even if the first year, s/he had only been able to invest $20 per week, but there may be some visions regarding how the income might be able to be raised and/or how the expenses might be able to be cut in order to bring the weekly amount up to $200 per week. At the same time, if after about 5 years, the average bought per week had only been around $100 per week, then there would be a lot of short fall, and maybe even a need to get the weekly amount up to $400 to $800 in order to be able to still be able to reach the 1 BTC in 10 years goal, and maybe by the time we start to get to 7 or 8 years, there could be some acknowledgement that it might end up taking somewhere between 12 years and 15 years to reach such 1 BTC goal.. so there could be a lot of ways that the aspirational goals end up playing out in terms of perhaps being a bit high.. or even in some other cases, the goal ends up getting reached much sooner than seemed possible, and so adjustments could be made in regards to reaching the goal sooner than expected, and maybe even considering that some of the goals that were created were NOT hard (and/or high) enough. I have a friend who always tries to learn about bitcoin from me and I always try to tell him about bitcoin. He knows that I have investments in Bitcoin and he is very excited about the growth of the Bitcoin market for some time because he will invest and he expects to make a profit from the investment. So I asked him if you want to invest like me and want to make profit by investing then you answer me one question that how much you know about Bitcoin and you only think about profit by investing in Bitcoin do you know your money loss after investment may be In answer to my question, my friend told me that since you have made a profit by investing, I can also make a profit by investing.
If your friend is interested in investing only because of the profit aspect of the investment, you should give him a complete understanding of the investment. This is very normal for newbies. Newbies are always in a hurry in any work. From the friend you mentioned, it sounds like your friend is more interested in investing only on the profit side of the investment, you should tell him that the amount he has the potential to gain from the investment is the same as the amount he has the potential to lose from the investment hence the profit and loss. After accepting, he should express his interest to invest. Frequently, I tell people that bitcoin is an assymetric bet to the upside, which largely means that several of the very bullish scenarios have the potential for very stupendous returns that are not limited to the upside, but as long as the person is not fucking around with their finances and using leverage or other forms of gambling, then the most that they would be able to lose would be 100%.. but there are a lot of variations in what they could potentially gain that is not limited to 100%.. but it is not even guaranteed to be 100% or to be anything, so they could gain or they could lose, but there are surely are a lot of strong bitcoin fundamentals that help to establish that if they have a genuinely longer term investment timeline of 4-10 years or longer, then they could choose a variety of ways to invest by DCA, lump sum and/or buying on the dip that could help them to establish a stake/position and to have potentials to be able to profit, but then again if they are dragging out their investment through slow measures, then their earlier investments are going to reach the 4-10 year time horizon faster than their later investments, so for example, if they are still investing 4 years from now, then the investments that they make 4 years down the road should also have a 4-10 year investment time horizon from the time that the money is injected into the system. The creation of longer term investment time horizons does not absolutely limit someone from being able to do whatever they like in terms of pulling out their investment, even though it is likely better to choose to invest smaller amounts and to maintain a longer time horizon rather than investing larger amounts and not being able to stick with the investment because the money is needed down the road because sufficient cash and/or other liquid short-term investments were not sufficiently maintained. First of all your friend needs to know enough about investing, he will never be able to hold an investment with the same understanding that your friend has about investing. When your friend's investment shows some loss due to a small change in the market, your friend will get very excited and sell all his investment because he cannot bear the small loss. Instead of doing so after investing, he should have adequate understanding of the investment before investing. You must tell your friend the advantages of holding investments for a long time and also directly discuss with him that he needs to be patient and take risks.
Position size can help with these kinds of concerns too.. so if the person is overly worried about being able to take out his/her investment, then maybe s/he needs to lower his/her position size in order to be able to continue to invest without getting overly preoccupied about shorter term price movements... so maybe instead of investing $100 per week, he might invest somewhere between $25 and $50 per week so that s/he is not overly pre-occupied about how much is being invested and/or the short-term growth of such investment.. and so maybe after 8-10 years, there might be some changes in perspective and at least by then the investment has been allowed to grow and maybe even to compound by its having had gone through cycles.. and surely sometimes later down the road, there could be some regrets about not having had invested more, but the balance likely also does have to do with being able to stick with the investment.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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SmartGold01
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November 16, 2023, 04:42:34 PM |
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there could be some regrets about not having had invested more, but the balance likely also does have to do with being able to stick with the investment.
One thing we always take record at time of maturity (lasted period of investment) we might think we are over investing due to how other needs that surrounds us at the initial stage of investment might think we can't manage the situation at hand, what I also understand during investment is that we may finds it very difficult to increase our investment plan just as you said either by weekly or monthly but it should be in a way that we don't over stressed ourselves knowing too well that we can't go above our capacity or income we received. Maybe thinking how I wish their works allows them to earn higher they would have increased their investment plan maybe to make huge return or to increase profits before their expected date of harvest.
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Raflesia
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November 16, 2023, 05:21:51 PM |
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There are a few things that I want to correct in this case because however when talking about bitcoin then right now there is no wrong time to buy when we have found what methods or strategies are suitable to do. Many feel that the price is always a benchmark in buying but when we have determined the strategy that is done especially for almost everyone who is here who says DCA actually the price is not always a benchmark because in the end we have to realize that thinking further about the price when we do DCA is just a waste of time because in the end we know that regardless of the price that is going up or down when DCA is done things like that are not the main reference because the point is in DCA not in the price. In addition, having 1 bitcoin or more is indeed very good but that does not mean we have to have 1 bitcoin as our benchmark as an investor because that kind of thinking makes us too focused on one thing but not thinking about other conditions. We just have to focus on doing what we can do, no need to peg that we have to collect 1 bitcoin or more as a condition that we are an investor because we are not here to burden ourselves.
It seems to me that there is nothing wrong with having goals, and maybe considering how realistic the goals are and/or what is the reason for something like a 1 BTC goal.. it is a bit of a unit bias kind of a setting, and like I mentioned earlier, if someone were either brand new to bitcoin or just recently beginning to accumulate bitcoin, then having a goal to get to one bitcoin in 10 years, would likely require around $200 per week invested into bitcoin... for those persons who do not have the cash to front load their investment into bitcoin. So if we attempt to be realistic with our goals, then we may welll also like to have short and medium term goals too that might involve what are we attempting to achieve this year and maybe what are we attempting to achieve in the next 5 years... so in the end we could have several different kinds of short and medium term goals that could be working towards the achievement of the longer term goal that might seem quite far off.. something like 10 years or even having goals of 20 to 30 years is also not unrealistic, even though they might have a lot of complicated steps along the way that might end up causing them to need to be adjusted later down the road if it might appear that we are not on the right track. Indeed, there is nothing wrong and I also said in my previous writing that it is a good thing but if in the end we are only busy with the goal of reaching the target of 1 bitcoin but without thinking about other conditions it is not something good of course so instead of pegging ourselves to have 1 bitcoin in the investment made it would be better to focus on the strategy we do when buying because in the end whether it ends up at 1 btc or even less than that we have still tried our best so that no regrets will occur. Having a benchmark that we must have at least 1 btc or more in the investment made will actually make us feel burdened by the amount we have to pursue (lack of the amount of btc to collect) rather than being like that it is better to minimize all possibilities by focusing on collecting btc consistently without thinking about how many btc we collect for the ultimate goal. Let's get back to the 1 bitcoin in 10 years goal, and even if a person realizes that there likely needs to be around $200 per week invested into bitcoin in order to make such goal realistic, such person could still maintain such goal for a while even if the first year, s/he had only been able to invest $20 per week, but there may be some visions regarding how the income might be able to be raised and/or how the expenses might be able to be cut in order to bring the weekly amount up to $200 per week. At the same time, if after about 5 years, the average bought per week had only been around $100 per week, then there would be a lot of short fall, and maybe even a need to get the weekly amount up to $400 to $800 in order to be able to still be able to reach the 1 BTC in 10 years goal, and maybe by the time we start to get to 7 or 8 years, there could be some acknowledgement that it might end up taking somewhere between 12 years and 15 years to reach such 1 BTC goal.. so there could be a lot of ways that the aspirational goals end up playing out in terms of perhaps being a bit high.. or even in some other cases, the goal ends up getting reached much sooner than seemed possible, and so adjustments could be made in regards to reaching the goal sooner than expected, and maybe even considering that some of the goals that were created were NOT hard (and/or high) enough.
Now this is the situation that I mean when someone has a target to have 1 bitcoin for example within a certain period of time then it must definitely think about how much budget we have to travel to get to 1 btc within that period of time. If we use the example of $200 in a week then indeed we must be prepared with that nominal regardless of the economy we have while to invest $200 in a week consistently not everyone can which is precisely this will be an obstacle so instead of like that, it is better to focus on the investments that we can and do so as not to hamper our other needs for life as for the amount of btc collected (although not 1 btc) it will not be a problem because we will still be investors and get benefits if we do it the right way.
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salad daging
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November 16, 2023, 05:39:58 PM Merited by JayJuanGee (1) |
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there could be some regrets about not having had invested more, but the balance likely also does have to do with being able to stick with the investment.
One thing we always take record at time of maturity (lasted period of investment) we might think we are over investing due to how other needs that surrounds us at the initial stage of investment might think we can't manage the situation at hand, what I also understand during investment is that we may finds it very difficult to increase our investment plan just as you said either by weekly or monthly but it should be in a way that we don't over stressed ourselves knowing too well that we can't go above our capacity or income we received. Maybe thinking how I wish their works allows them to earn higher they would have increased their investment plan maybe to make huge return or to increase profits before their expected date of harvest. If we invest excessively, our portfolio increases but spending every month will be burdened because a lot of money goes out to bitcoin while other needs are cut because we want to increase investment every week or month, of course this will be heavy and unbalanced people will definitely find it difficult to do this. One of them must balance between the two for bitcoin spending for 1 month - one month's expenses then the more increased then it is needed for the budget, there is also a desire for higher income it must find another source of income because if you only rely on a monthly salary it is clear that it will not be enough, and one other source will ease your burden for expenses every month while investment will continue.
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Ruttoshi
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November 16, 2023, 06:55:49 PM Last edit: November 16, 2023, 08:23:58 PM by Ruttoshi Merited by JayJuanGee (1) |
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we might think we are over investing due to how other needs that surrounds us at the initial stage of investment might think we can't manage the situation at hand
Whenever thoughts comes up, it is better to re-access your investment plan and your cash inflow to know if what you are investing wouldn't be affecting your monthly expenses and emergency funds on reserve, and if it does, it is better that you choose a small amount that you can afford for a long term and be relieved from such thoughts so that you can be at ease your bitcoin accumulation regularly and increase your bitcoin portfolio. On the other hand after accessing your investment plan and you see that you are not over investing and the amount that you are using wouldn't affect other needs, you can continue but you have to check your monthly expenses again and then cut down your expenses so that you can have more reserve funds that will enable have that assurance that you can take care of any emergency that may occur. what I also understand during investment is that we may finds it very difficult to increase our investment plan just as you said either by weekly or monthly but it should be in a way that we don't over stressed ourselves knowing too well that we can't go above our capacity or income we received.
When you can't increase your investment plan, there is no need to worry about it. You should just continue with the amount that you can afford to afford so that you don't go and invest aggressively which will make you not be able to take care of your monthly expenses or some emergency that will arise. Before you know it, you will go and sell your bitcoin when it is not yet the time of your will because you are short of cash. It is unethical to invest in this pattern because you will terminate your long term goal to reach your bitcoin target. Maybe thinking how I wish their works allows them to earn higher they would have increased their investment plan maybe to make huge return or to increase profits before their expected date of harvest.
When you find yourself in such thoughts of thinking to increasing the amount that you are using for regular DCA, it is good that you look for another means of income to add to the present one. This will enable your increase the your income and the amount that you are using to buy weekly or monthly.
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