PytagoraZ
Sr. Member
Offline
Activity: 350
Merit: 343
Jolly? I think I've heard that name before. hmm
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February 19, 2024, 11:47:52 PM |
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Like what other investments? what investment is better than bitcoin? No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin. Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe
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Hallroom
Member
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Activity: 742
Merit: 21
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February 20, 2024, 01:32:59 AM Merited by JayJuanGee (1) |
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Bitcoin investment compared to other investment can make newbies who have the zeal of investing in bitcoin lose interest.It also increase fear of loss and indecision in bitcoin investment.So on the contrary, bitcoin should not be compared to other investment because bitcoin investment is a decentralized investment that is best for long term(hodling)with the belief that the price will go to the moon.
A person who invests in Bitcoin will never worry about the price. Because the DCA method of investing allows you to invest in any position at any time, as it controls the average of the Bitcoin price. That's why I think the DCA method is the best, but the time limit for Bitcoin investment should be at least 10 to 12 years. Bitcoin will reach its peak after 2030, and you will be the participant who will benefit from the most investment.
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michellee
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February 20, 2024, 02:34:22 AM Merited by JayJuanGee (1) |
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Bitcoin investment compared to other investment can make newbies who have the zeal of investing in bitcoin lose interest.It also increase fear of loss and indecision in bitcoin investment.So on the contrary, bitcoin should not be compared to other investment because bitcoin investment is a decentralized investment that is best for long term(hodling)with the belief that the price will go to the moon.
A person who invests in Bitcoin will never worry about the price. Because the DCA method of investing allows you to invest in any position at any time, as it controls the average of the Bitcoin price. That's why I think the DCA method is the best, but the time limit for Bitcoin investment should be at least 10 to 12 years. Bitcoin will reach its peak after 2030, and you will be the participant who will benefit from the most investment. If an investor knew more about Bitcoin, he would not worry about the price. He will focus on accumulating more Bitcoins using the DCA method. He will also not hesitate to allocate some monthly funds to continue investing. But if someone doesn't learn more about Bitcoin, especially how to use the DCA method well, he may be worried about the ups and downs of Bitcoin prices. That will make him uneasy about investing. That is why if someone decides to invest in Bitcoin, he should be able to learn more. For Bitcoin investors, they already consider Bitcoin to be the best investment. They will continue to try to accumulate more Bitcoins. Even though they have just started, that doesn't mean they are too late because there is still plenty of time for them to collect Bitcoins. The time limit for Bitcoin investment will depend on each individual. We are fully responsible for the Bitcoin investment, including when we will sell it.
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Dailyscript
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February 20, 2024, 02:44:53 AM |
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Like what other investments? what investment is better than bitcoin? No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin. Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make
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Barikui1
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February 20, 2024, 05:34:32 AM |
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Like what other investments? what investment is better than bitcoin? No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin. Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make You have to understand that not everyone thinks or reason the same way, most investor, before making any investment, they first calculate their risk before their profit, while some calculator their profit first before their potential losses, and secondly, most investors have this tendencies to go in all on an investment when they believe in the project, without considering what might happen if it goes against them. But as for me, I prefer to have some other business working for me aside my Bitcoin holding, and if am investing into cryptocurrency, it's only Bitcoin I am considering because to me it's only him that is worth it, though I don't fancies gold, but land is very good investment to consider. Right now what am doing is just focusing on my business which have been the brain behind my ability to be funding my DCA method weekly, and also standing as a source of regular income, that have kept me going during this accumulating process.
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Hewlet
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February 20, 2024, 05:55:50 AM |
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Like what other investments? what investment is better than bitcoin? No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin is investing into land actually safer than investing into bitcoin? I doubt. I don't know how investing into land works in your area but for mine, that's one of the most risky thing an average person could think to venture into. Most of the land I know of could easily be taken over by the government for reasons best known to them and in most cases the owners don't end up being compensated for, and you think that's not risk right? Should we talk about the situation where you bought a land in an environment that suddenly went into war and you can't even think about going to see your land for your own safety? It's not like investing into land is a bad idea or can't be profitable in the long run but lands that are obviously appreciating in price is always too expensive and the competition among buyers tend to be much and if you are not careful a particular portion of land could be sold out to two people without them ever knowing coupled with the other fact that for someone that's not still strong financially, you can't really think on accumulating lands bit by but because the least plot of land in a growing area is quite expensive relative to accumulating bitcoin bit by bit with the use of the DCA method. Also know that Every investment comes with it own peculiar risk and that's where the maturity to deal with those risk comes in. The thing has always been to choose what works best for you depending on your financial capability and work with it. If you're not strong financially, you can't be everywhere investing into everything that comes your way and so it's only best you choose the best investment option and stick with it.
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teamsherry
Member
Offline
Activity: 224
Merit: 68
Bitvest.io★ Play Plinko or Invest!
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February 20, 2024, 06:57:47 AM |
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Like what other investments? what investment is better than bitcoin? No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin. Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make You have to understand that not everyone thinks or reason the same way, most investor, before making any investment, they first calculate their risk before their profit, while some calculator their profit first before their potential losses, and secondly, most investors have this tendencies to go all in on an investment when they believe in the project, without considering what might happen if it goes against them. IMO I think it's not very good to invest all your fortune in one asset no matter the quality or the tendencies of it giving you results, when investing we should have in mind that investing has it's risk and one of those risk we should have in mind to prepare for is if thigns go totally wrong or unfavourable, just imagine investing in bitcoin with all your fortune and it doesn't go out well for you, and you didn't have any back up plan to fall to, and at times having only one investment increase the risk of panic cause every news begins to matter to you and at a time you might start to feel unsure about your decision. I'm not saying investing in only one asset is bad, but as he said going all in which in my opinion might mean investing all or only in Bitcoin, I think it's good we start with accumulating bitcoin then after we have reached a level of accumulation we diversify into other things maybe having cash, building a business or even buying shares in some company. All this are other safe and good options amongst many that one can invest in. But if you want to invest 100% in bitcoin which I have seen many do and are still profitable, its not a bad idea but have a back up plan in case things go wrong, don't act so sure about anything because of its past performance.
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Wind_FURY (OP)
Legendary
Offline
Activity: 3108
Merit: 1938
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February 20, 2024, 07:26:34 AM |
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[edited out]
¯\_(ツ)_/¯ It's not a joke. I truly believe that as Bitcoin HODLers, we should learn more about our investment. It's also no mere investment, it could be the most important asset, like Gold, that might serve as a back-up/fall-back if the current financial system fails/crashes. Bitcoin's technical design and the design decisions made by the Core Developers ensures that it remains as a form of hard money for internet transactions. Those big institutions wouldn't touch Bitcoin and wrap it in an ETF, if that didn't have any value. To the extent that you might not be changing your position and to the extent that I can even remember what we were arguing about in regards to whether bitcoin should be considered and presented to newbies as an investment or as something else, such as a technological phenomena that is better than any shitcoin.. blah blah, blah, it could well be that we are devolving into arguments about semantics... to the extent that you are still worked up about any of my potentially lame attempts at making light of bitcoin-related matters. No ser, I'm merely telling you that investing in Bitcoin and learning its technical features about WHY it's a good investment is also as important, probably more, as taking it as an investment itself. Many newbies would probably not care, but I believe if experiencing their first -50% drawdown it would be those newbies that would not have enough conviction to HODL. Thanks for that further clarification, and sure fair enough in regards to a potential importance that comes from trying to understand some of the technical aspects of bitcoin in order to contribute towards the potentiality of developing stronger investment conviction, and so maybe that again is helping to highlight where you and I are considering these kinds of matters regarding the importance (or lack thereof) technical knowledge differently. It doesn't have to be a deep understanding of every technical feature of Bitcoin. I believe a mere understanding on why censorship-resistance is the main value-proposition of decentralization would be enough. From that, any person who's willing, could do his/her own research about how that's being made possible and why Proof Of Work and Bitcoin both can't exist without the other. It's very VERY important for people to learn, or have the interest to learn these matters. They could form their own opinions later on and they'll never be misinformed by fudsters. You seem to be saying something slightly different from what you were saying originally, even though perhaps you are sticking with your guns in regards to some necessities for some basic kinds of knowledge and/or conviction about bitcoin, and in that regard, I might not be saying anything too different from you - except probably I am differing in regards to my emphasis to get started investing into bitcoin right away and figure out the details as you go, and of course, the most important details happen to revolve around personal finances, and I stick to my original assertions that technical knowledge about bitcoin is not very necessary, but surely having some ideas about its design facilitating the soundest of monies is a good thing, yet how it does that can be learned along the way, and likely as people learn more and more about bitcoin, it is likely that they will come to realize that each detail of bitcoin is amazing, like you mentioned proof of work, but also the difficulty adjustment and the various ways of confirming the proper chain so that there can be no more than 21 million bitcoin.. and some of the technicalities can become quite difficult to understand - but some assurance can come from bitcoin continuing to run for more than 15 years in spite various attempts to attack it and break it... so the details are likely not even really known by long term hodlers... yet there likely still are needs to get started investing into bitcoin sooner rather than later and also to adjust position size in accordance with personal finances, with perhaps a beginning goal of 5% to 25% allocation towards bitcoin that might take a while to reach.. while at the same time studying the matter to figure out if a change might need to come in terms of allocating outside of that range and then considering how to treat ongoing and likely inevitable volatility in regards to BTC price changes. No, I'm actually not. Learning what you're investing in is simply common sense. Isn't "Don't Trust, Verify" one of the most important mottos in the Bitcoin community? I know it's applied in a more technical matter where the network validates each and every transaction, removing trust. But in my opinion, it also applies in life to be successful, AND yes, learning about how and why Bitcoin is valuable, not just in a financial definition but also in a technological/social matter, will add to the person's conviction. We're very lucky to get this opportunity.
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Sim_card
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February 20, 2024, 08:01:06 AM Merited by JayJuanGee (1) |
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Like what other investments? what investment is better than bitcoin? No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin. Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe From the way you sound, it like you are a rich guy, but if you are not, then you don't want to be realistic with yourself. Apart from cash and bitcoin, that one can have possession to even the poor. Gold and land properties are expensive to get as a poor or average person, which makes it like a dream that may/may not come true. Bitcoin has given the privilege to everyone to invest in irrespective of status whether rich or poor. It is easy to start investing in bitcoin, as long as you have a means of income. Keeping aside your emergency funds, monthly expenses and reserve funds is all you need, and from there any left over can be put into bitcoin investment regularly through DCA. Before you know it your bitcoin stash will keep increasing as long as you hodli for a very long term. You should also understand that bitcoin gives the highest profit than any other investment that you can think of. When you have reach your bitcoin target, or close to your bitcoin target, when you feel that you have enough bitcoin in your possession, you can diversify into land, or gold. It will be a distraction for you to think that you can start up two investments at the same time. You must first achieve one before the other, and that is why bitcoin invest is the easiest to get started when you are prepared for it, you should also note that investment is made for a long period of time for great results. All that you mentioned is what everyone will desire to have as their investment but we might not be able to have them all, but with investing on bitcoin first might gives a higher advantage of you investing in all of them.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Richbased
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February 20, 2024, 08:06:33 AM |
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Like what other investments? what investment is better than bitcoin? No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin. Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make You have to understand that not everyone thinks or reason the same way, most investor, before making any investment, they first calculate their risk before their profit, while some calculator their profit first before their potential losses, and secondly, most investors have this tendencies to go in all on an investment when they believe in the project, without considering what might happen if it goes against them. But as for me, I prefer to have some other business working for me aside my Bitcoin holding, and if am investing into cryptocurrency, it's only Bitcoin I am considering because to me it's only him that is worth it, though I don't fancies gold, but land is very good investment to consider. Right now what am doing is just focusing on my business which have been the brain behind my ability to be funding my DCA method weekly, and also standing as a source of regular income, that have kept me going during this accumulating process. Yeah actually it is very important for an investor to evaluate the risk involved in the kind of investment he wants to venture into before analyzing the profits that would come along with it because that's exactly what would make him to stand strong in a case where things doesn't work out as he expected but however, it's also good to be positive about any investment one chooses to venture into inasmuch as you've ran some security and background checks of the aftermath of your investment in the future. Inasmuch as Bitcoin investment is concerned, having diverse source of income is very necessary for any investor that wants to be active on the buying and hodling process using the DCA. Land is a good investment in the sense that the value tends to increase with time but however it's not advisable to buy lands that you don't intend to project anything on it except you're buying it to resell in the future when the value seems to have appreciated. Basically, if one is a bitcoin investor doesn't necessarily mean that you won't focus on other businesses because without having a regular means of income then how can you meet up the DCA. So focusing more on the area that our income are being generated from should be of high level of importance and priority to us as that's the only way to keep our investments running.
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ultrloa
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February 20, 2024, 08:14:32 AM |
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Like what other investments? what investment is better than bitcoin? No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin. Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make But other people don't know how to deal with other risk and they find out that investing on bitcoin can give them security rather than thinking about to invest on other altcoin especially if their aim is for long term. If they can go with 100% into bitcoin then its fine this coin is the top coin so there's high chance for them to get rewarded on their investment decision made. I know some may skeptical since market is so volatile but if we look at on situation for other altcoin where we don't have any idea if they can go up or they are safe with scam. That's why instead taking those unknown risk much better for new people to focus on investing on bitcoin for a while since for sure they can learn from the experience they encounter.
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FinePoine0
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February 20, 2024, 11:05:26 AM |
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Like what other investments? what investment is better than bitcoin? No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin. Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make You will be able to invest here according to your investment age, and succeed in reaping the benefits. Because the longer your investment is, the more you reap the benefits, it's a fact, not a myth. You think more towards the future and increase the age of your investments. If you have a financial crisis then you quickly move to work in real life, and earn income reduce excess expenses, and continue to invest in DCA method. It is certain that you have to work hard to get success in life. As I have held my investment for more than a year, and I will hold it for many more years to come. Plan Bitcoin investment for a long term of at least 10 to 12 years.
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Mayor of ogba
Sr. Member
Online
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February 20, 2024, 12:43:57 PM |
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Many people fail in their investments in Bitcoin and all because they didn't learn much about Bitcoin.
On the contrary wanting to have or learn much about Bitcoin could possibly leads to procrastination, you may end up not having Bitcoin in your portfolio because you feel you have not learnt much, from what I have learnt in this thread which I believe is the best, having the basics or fundamental knowledge of Bitcoin is all you need in your Bitcoin investment, while you tend to learn more as time progresses. ~Snip Judging someone who learns too much about Bitcoin at the risk of having their bitcoin investment delayed, I don't think that's right. Because you need to know that every potential bitcoin investor has different traits, characteristics and desires. So of course there are potential investors who are very careful, there are also those who are just average (medium), or the worst are potential bitcoin investors who are too ignorant (don't study Bitcoin at all). So, of these three characteristics, maybe your opinion (@Tmoonz) is more inclined towards those who are just ordinary (medium) cautious. Because this is in accordance with what you explained. This means that when you want to invest in bitcoin, the scientific step (learning) is just to learn the basics about bitcoin. And the steps will definitely suit you and people who have normal alertness. However, this is different from people (potential bitcoin investors) who have very high caution. A typical person like that will definitely never feel satisfied so something he is going to do (invest in bitcoin) has not been studied thoroughly. Because in essence, typical people who have high caution basically always want more details when studying something like Bitcoin. Because if there are no details, prospective bitcoin investors who are very careful will definitely not feel calm. So at this point I assume that your assumptions(Tmoonz) are only intended for people with average (medium) caution and cannot be averaged out to all potential bitcoin investors. Because in conclusion, every bitcoin investor has their own style and method when investing.In my understanding, it doesn't necessarily mean that someone must have a good knowledge of bitcoin before he or she can start accumulating it. What matters in the bitcoin accumulation journey is for someone to understand that bitcoin is a long-term investment, like 4-5 years before he or she should start accumulating bitcoin, so that he or she will know the kind of investment he or she is starting up and will not expect any profit in the short term. Also, use the money he or she can afford to lose to invest in bitcoin, and understand that bitcoin is volatile, so any drop in its price will not make him or her sell it, even when he or she is at a loss.
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adultcrypto
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February 20, 2024, 12:53:26 PM |
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Bitcoin investment compared to other investment can make newbies who have the zeal of investing in bitcoin lose interest.It also increase fear of loss and indecision in bitcoin investment.So on the contrary, bitcoin should not be compared to other investment because bitcoin investment is a decentralized investment that is best for long term(hodling)with the belief that the price will go to the moon.
That's why I think the DCA method is the best, but the time limit for Bitcoin investment should be at least 10 to 12 years. Your suggestion for what should be considered a long term investment in Bitcoin is not bad. It will allow one see various halvings activities and experience market cycles. However, it does not really have to be that long to be considered a long term investment. I am in agreement with JayJuanGee that 4-10years is a good target even though it could be longer. This range is enough for any investors to be able realize a reasonable stash of bitcoin also gauge his level of patience and commitment to the bitcoin buying process. By the present Bitcoin market cycle, the same period will most likely give but bull and bear market which will give the investor clear of how bitcoin price behavior is for each of those seasons. Bitcoin will reach its peak after 2030, and you will be the participant who will benefit from the most investment.
I don't know how you arrived at this conclusion and if there is any substance to such claim. Are you saying that by 2030 the block reward will be zero? What do you mean by the peak. Or should I assume you are doing some technical analysis stuffs that make you arrive at such conclusion. Whatever be the case, the most important thing is to buy and hold bitcoin, that is the only way to find out what the future will look like. The worst thing is to sit by the sideline while others are buying and securing their bitcoin portfolio.
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Justbillywitt
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February 20, 2024, 01:28:02 PM |
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Bitcoin investment compared to other investment can make newbies who have the zeal of investing in bitcoin lose interest.It also increase fear of loss and indecision in bitcoin investment.So on the contrary, bitcoin should not be compared to other investment because bitcoin investment is a decentralized investment that is best for long term(hodling)with the belief that the price will go to the moon.
That's why I think the DCA method is the best, but the time limit for Bitcoin investment should be at least 10 to 12 years. Your suggestion for what should be considered a long term investment in Bitcoin is not bad. It will allow one see various halvings activities and experience market cycles. However, it does not really have to be that long to be considered a long term investment. I am in agreement with JayJuanGee that 4-10years is a good target even though it could be longer. This range is enough for any investors to be able realize a reasonable stash of bitcoin also gauge his level of patience and commitment to the bitcoin buying process. By the present Bitcoin market cycle, the same period will most likely give but bull and bear market which will give the investor clear of how bitcoin price behavior is for each of those seasons. Bitcoin will reach its peak after 2030, and you will be the participant who will benefit from the most investment.
I don't know how you arrived at this conclusion and if there is any substance to such claim. Are you saying that by 2030 the block reward will be zero? What do you mean by the peak. Or should I assume you are doing some technical analysis stuffs that make you arrive at such conclusion. Whatever be the case, the most important thing is to buy and hold bitcoin, that is the only way to find out what the future will look like. The worst thing is to sit by the sideline while others are buying and securing their bitcoin portfolio. I don't think he is assuming things when he said that the block reward for miners will get to zero. I think he is trying to say that after the up coming halving that bitcoin miners won't be getting bitcoin as rewards. Instead they will be getting their reward from transaction fees. It's not just him doing some technical analysis on his own. This is something that everyone who has been in the bitcoin investment for long is quite aware of.
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Miles2006
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February 20, 2024, 02:03:45 PM |
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Like what other investments? what investment is better than bitcoin? No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin. Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe Now I think I'm getting your point with the last paragraph. If you choose to diversify your asset like spreading your investment, that's your choice and I believe you have plans holding every bit of the assets. Here is a quick one, getting involved in real estate, gold, bitcoin, land stock is not an easy one like you mentioned cash, bitcoin, gold and land. You definitely need a huge amount to balance your investment. What I learnt here is never get too jampack with your investment firstly, even when dealing with crypto for example if holding bitcoin then you should maintain holding bitcoin only. Bitcoin, gold, cash and land stock are just too much for you to keep with, even if diversification of assets is advisable not with so many assets like this, you should at least go for few assets to keep up with. Secondly if diversify assets is your choice then you don't want to get hookup with any kind of distraction or mistake so you need to have something doing like a multi job to keep up with like business etc. They're alot of business to keep up with when investing cause you will not only invest but you also have needs to settle and it doesn't make sense when you keep withdrawing profit from your little investment to settle needs or to meet up with other investments. I don't expect an investor to act like this with an early investment cause it will only ruined the growth of the investment but as time goes on you start understanding the statics and reaching the target is the best.
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teamsherry
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February 20, 2024, 03:37:38 PM Last edit: February 20, 2024, 04:53:39 PM by teamsherry |
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In my understanding, it doesn't necessarily mean that someone must have a good knowledge of bitcoin before he or she can start accumulating it. What matters in the bitcoin accumulation journey is for someone to understand that bitcoin is a long-term investment, like 4-5 years before he or she should start accumulating bitcoin, so that he or she will know the kind of investment he or she is starting up and will not expect any profit in the short term. Also, use the money he or she can afford to lose to invest in bitcoin, and understand that bitcoin is volatile, so any drop in its price will not make him or her sell it, even when he or she is at a loss.
I think we don't only need to know how to accumulate bitcoin as early investors, there are other necessary knowledge we need as bitcoin investor like how to properly secure our holdings, the best kind of wallet to use and if possible to use hardware wallets like trezor. In some countries that have tax on bitcoin, it think one needs to also know how tax works and if possible how to maneuver and pay less tax, even exchange fees when you would be moving your asset to a cold wallet, one need to know that he has to accumulate much bitcoin on his exchange wallet then move them when they are much to his desired place of storage ( hardware walletsor cold wallet) in other not to pay much fees on moving his asset and this are examples of basic knowledge a bitcoin investor should have for his own success as a holder. I've seen many people lose their holdings to phishing links and to scammers cause they are ill educated on how to hold safely, so as we learn how to accumulate bitcoin, let's let's learn safety too.
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Tmoonz
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February 20, 2024, 04:32:05 PM |
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DCA strategy is one the best strategy in bitcoin investment.An investor that wants to be successful in bitcoin investment must adopt the DCA strategy
No doubt, dca strategy has enormous benefits as regards to Bitcoin investment the reason why it dominates the thread, but on the contrary a lump sum buyer can as well be successful in his Bitcoin investment, in my opinion that lump sum buying can as well leads to significant returns, you can actually set up a portfolio through the lump sum buying and allow it to grow. the very best strategy is any of the strategy that allows an investor to hodl his investment and sleep well at night, whether it is dca or lump sum, the main factor to be successful or not in Bitcoin investment is the ability to hodl long term to take advantage of it's comp youounding value,the right strategy is unique to every investor that is why it is of great importance for any investor to tailor their strategy to their own risk tolerance and financial situation as well as their own conviction level to prevent a situation that could lead to emotional decision and selling too soon. My point is that dca is not a must to be successful in Bitcoin investment according to @Fiasem20
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Troytech
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February 20, 2024, 04:43:21 PM |
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DCA strategy is one the best strategy in bitcoin investment.An investor that wants to be successful in bitcoin investment must adopt the DCA strategy
No doubt, dca strategy has enormous benefits as regards to Bitcoin investment the reason why it dominates the thread, but on the contrary a lump sum buyer can as well be successful in his Bitcoin investment, in my opinion that lump sum buying can as well leads to significant returns, you can actually set up a portfolio through the lump sum buying and allow it to grow. the very best strategy is any of the strategy that allows an investor to hodl his investment and sleep well at night, whether it is dca or lump sum, the main factor to be successful or not in Bitcoin investment is the ability to hodl long term to take advantage of it's comp youounding value,the right strategy is unique to every investor that is why it is of great importance for any investor to tailor their strategy to their own risk tolerance and financial situation as well as their own conviction level to prevent a situation that could lead to emotional decision and selling too soon. Your quite right, what really matters is the hold, some investors has even more funds than others and yet they can't develop the emotional intelligence to apply self control on themselves to hold for long term to yeild better results, some persons prefer to engage in short term investment cause they can't hold bitcoin for long, so it doesn't matter how you accumulate either lump sum or DCA is good, just that with lump sum you buy at a particular point in the market and DCA we buy At different points in the market at a continuous intervals, and with this we accumulate some coins at a lower price than others and thus we are at advantage while a lump sum investor suffers more from market volatility than a DCA investor. But irrespective of the method of buying, long term holding is what pays off the most.
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Justbillywitt
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February 20, 2024, 05:44:49 PM |
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Like what other investments? what investment is better than bitcoin? No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin. Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe Now I think I'm getting your point with the last paragraph. If you choose to diversify your asset like spreading your investment, that's your choice and I believe you have plans holding every bit of the assets. Here is a quick one, getting involved in real estate, gold, bitcoin, land stock is not an easy one like you mentioned cash, bitcoin, gold and land. You definitely need a huge amount to balance your investment. What I learnt here is never get too jampack with your investment firstly, even when dealing with crypto for example if holding bitcoin then you should maintain holding bitcoin only. Bitcoin, gold, cash and land stock are just too much for you to keep with, even if diversification of assets is advisable not with so many assets like this, you should at least go for few assets to keep up with. Secondly if diversify assets is your choice then you don't want to get hookup with any kind of distraction or mistake so you need to have something doing like a multi job to keep up with like business etc. They're alot of business to keep up with when investing cause you will not only invest but you also have needs to settle and it doesn't make sense when you keep withdrawing profit from your little investment to settle needs or to meet up with other investments. I don't expect an investor to act like this with an early investment cause it will only ruined the growth of the investment but as time goes on you start understanding the statics and reaching the target is the best. One can actually invest in real estate, gold, bitcoin, land stock and be successful in all of it. When you are this successful and you are ready to diversify in all of these things, you can actually get a portfolio manager to keep track of all your investments, while your focus can just be in the bitcoin, since you don't need to do much about bitcoin investment. All you just need do is buy and hold it. The are people who specializes in portfolio management, you can hand over your other investments to them for effective management and hand over your real estate investments to a real estate Management firm. The point am just trying to make is that your can diversify your investments into many aspects as you deem fit.
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