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Author Topic: BEEN IN THIS GAME FOR 6 YEARS  (Read 2497 times)
drachman
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January 23, 2020, 01:19:09 AM
 #221

I've been in this field for about 7 years or so and I have learned a lot, I was there when the bitcoin price was only $ 230 or so and the price touched its ATH.  One thing that I want to do right now (which I didn't do in the past) is collecting bitcoin as much as possible, I regret when people told me that bitcoin would hit 15k or even more, at first I thought it couldn't happen but now I believe anything is possible, people are speculating that bitcoin can hit $ 100k, it's better for me to prepare.
It is a good thing that you have changed your attitude, but make sure that you can hold your coins until the growth in the market happens, there are many people that held their coins for a long time only to sell them at the worst possible time, it is important that you make up your mind and you are willing to hold your bitcoin for years or even at least for a decade, it is likely the bull run that will make bitcoin that valuable will come sooner but if you think you will have to hold for that long you will not make the mistake of selling too soon.
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January 23, 2020, 01:57:53 AM
 #222

I've been in this field for about 7 years or so and I have learned a lot, I was there when the bitcoin price was only $ 230 or so and the price touched its ATH.  One thing that I want to do right now (which I didn't do in the past) is collecting bitcoin as much as possible, I regret when people told me that bitcoin would hit 15k or even more, at first I thought it couldn't happen but now I believe anything is possible, people are speculating that bitcoin can hit $ 100k, it's better for me to prepare.
$100k is possible and Bitcoin’s scarcity will really drives is prices up. I don’t get easily discourage by fudders and negative news in the space. All I need is a motivation to keep holding and save up for the future.
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January 23, 2020, 02:44:52 AM
 #223

I've been in this field for about 7 years or so and I have learned a lot, I was there when the bitcoin price was only $ 230 or so and the price touched its ATH.  One thing that I want to do right now (which I didn't do in the past) is collecting bitcoin as much as possible, I regret when people told me that bitcoin would hit 15k or even more, at first I thought it couldn't happen but now I believe anything is possible, people are speculating that bitcoin can hit $ 100k, it's better for me to prepare.
$100k is possible and Bitcoin’s scarcity will really drives is prices up. I don’t get easily discourage by fudders and negative news in the space. All I need is a motivation to keep holding and save up for the future.
just by being patient and waiting for prices to rise to be able to get very much profit, what can be used as motivation is that you should be able to see how the price of bitcoin in the year when it was first created until now the price has reached what and you must be sure that the price can return become expensive again and can make you rich, make bitcoin a savings and you can enjoy in the future.
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January 23, 2020, 03:21:10 AM
 #224

Quote
Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

Its not a bad idea but if you want tension to build in the price it must be tied well at both sides, just scarcity wont do it.   People assume the idea of halvening could transform price, what needs recognition is that is speculation not actual change.   The protocol will alter but afterwards the vice effect from a small block reward only alters as fast as a snail, because its dragging ten years of previously issued coins its quite a small effect in comparison.  From my view that tighten needs a year to be in place vs stock built up in exchanges as supply similar to any supply chain circulating I guess.
   Then the other end to a price rise from scarcity is rising demand, I think we need greater involvement from the global population.   If that is rising while supply drops then its far easier to say we get the rise in price.   I dont assume success, lots of competition and distraction are out there including a variety of FIAT with partial backing perhaps and lots of that is digitally available.

I was around for $100 and 95k seems impossible but its not impossible just improbable and is the equivalent of going up Everest sitting in a cart horse buggy.   It can happen but its not the set trajectory to me, it can occur because of maybe half a dozen other mainstream routes were snowed off and that was the only clear path left.   Then we touch the sky perhaps.

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January 23, 2020, 07:02:41 AM
 #225

First of all BITCOIN is a store of value. I lost many BTC using it as a means of buying goods and collectibles. I regret it now because I did not know
how valuable each stat was. Scarcity is my theory only because the historical data has proven it time and time again. Every After, every Halvening  9 months to 15 months  price shoots up. $63 million dollars will be cut every week from selling pressure after 5.12.20. Do not believe in the market manipulators.Stack them stats  boys and gals and if you reach your moon may it be a New car or a house just sell. Do not wait another year or two thinking it will go even higher. Lastly, never trade your stats for shit coin stats. Enjoy the ride and don't take this magic internet money as get rich quick scheme its a get rich slow scheme.

Quote
Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

Its not a bad idea but if you want tension to build in the price it must be tied well at both sides, just scarcity wont do it.   People assume the idea of halvening could transform price, what needs recognition is that is speculation not actual change.   The protocol will alter but afterwards the vice effect from a small block reward only alters as fast as a snail, because its dragging ten years of previously issued coins its quite a small effect in comparison.  From my view that tighten needs a year to be in place vs stock built up in exchanges as supply similar to any supply chain circulating I guess.
   Then the other end to a price rise from scarcity is rising demand, I think we need greater involvement from the global population.   If that is rising while supply drops then its far easier to say we get the rise in price.   I dont assume success, lots of competition and distraction are out there including a variety of FIAT with partial backing perhaps and lots of that is digitally available.

I was around for $100 and 95k seems impossible but its not impossible just improbable and is the equivalent of going up Everest sitting in a cart horse buggy.   It can happen but its not the set trajectory to me, it can occur because of maybe half a dozen other mainstream routes were snowed off and that was the only clear path left.   Then we touch the sky perhaps.
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January 23, 2020, 02:04:52 PM
 #226

First of all BITCOIN is a store of value.
Agree with that, there's no question about that, it's been a store of value from the very start, regardless of how the market is moving.

I lost many BTC using it as a means of buying goods and collectibles. I regret it now because I did not know
how valuable each stat was.

You don't lose your BTC because you spend it for online transaction, bitcoin has different purpose it could be an investment or use as a payment system or both, depending on how you use it but you have to ensure you have something for long term investment, there's nothing wrong with using it or spending it.

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January 26, 2020, 11:54:19 PM
 #227

The early years of bitcoin was mared by disbelieve. As the ideology begins to unwind it potential,  then people became interested in investing in it.
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January 26, 2020, 11:55:19 PM
 #228

The early years of bitcoin was mared by disbelieve. As the ideology begins to unwind it potential,  then people became interested in investing in it.

Well, that would be obvious since bitcoin is a new thing in the past. Right now, it is a decade and still, a lot of haters of it are all over the internet. We can't stop them, it is their loss so let them be.

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January 27, 2020, 12:21:09 AM
 #229

Many people regretted spending their Bitcoin because, they don't know that it would become a high value asset in the present. Like my friend, who have a couple of Bitcoin years ago and have spent it on buying online products losing his asset that would have make him wealthy in the present. Maybe years from now, if people would not have hold Bitcoin, maybe they would again regret selling it instead of holding. Investing in Bitcoin is good and also risky but, we should trust it and whatever might happen, keep it, because I think Bitcoin has a lot of potential in the future.

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January 27, 2020, 06:40:43 PM
 #230

The early years of bitcoin was mared by disbelieve. As the ideology begins to unwind it potential,  then people became interested in investing in it.
if you join bounty you can analyze it, many projects do not pay bounty hunters, it is because the bounty manager is not famous, if you follow the bounty program then look at the manager first because it is as influential as payment.

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January 27, 2020, 06:54:28 PM
 #231

Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.
I'm in this game too but in another way. I had more than one bitcoin (not exact amount ) I lost my bitcoins by investing in altcoin which is hard to imagine. I did not understand the value of Bitcoin at that time. Now I realize how big a mistake I had, without holding Bitcoin. Now I have started holding bitcoin again. I think the golden age for Bitcoin is waiting.

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January 30, 2020, 02:15:08 AM
 #232

Many people regretted spending their Bitcoin because, they don't know that it would become a high value asset in the present. Like my friend, who have a couple of Bitcoin years ago and have spent it on buying online products losing his asset that would have make him wealthy in the present. Maybe years from now, if people would not have hold Bitcoin, maybe they would again regret selling it instead of holding. Investing in Bitcoin is good and also risky but, we should trust it and whatever might happen, keep it, because I think Bitcoin has a lot of potential in the future.
But it was because of people like your friend that bitcoin reached the place where it is today, we cannot hoard our bitcoin forever or it is never going to become a currency that is actually used through the world and if that does not happens then we are never going to see bitcoin reaching the high prices that everyone wants, as you can see we are in a very interesting position, we need that people use bitcoin but they do not want to do it because they do not want to miss that growth but if they do not spend it then that growth will never come.
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January 30, 2020, 03:42:53 AM
 #233

Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.

I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well  but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner  promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.

I would tell family and friends and got  a response like I will wait till it comes down.  If those people listened 1 year later would have profited well. Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

I have a true story, something like that's, when bitcoin price only a few hundred dollar ( $200-$300 ) my brother-in-law says, you will be rich if bitcoin can reach $10.000 you own 3BTC now, but i not responding to him, i says is something imposible, but now im very frustation, i sell my 3 bitcoin in $1000 Sad
if i hold my 3 bitcoin right now i own $30.000 its not a litle money, now i trying to hold bitcoin as much as possible.
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January 30, 2020, 10:27:26 AM
 #234

Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.

I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well  but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner  promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.

I would tell family and friends and got  a response like I will wait till it comes down.  If those people listened 1 year later would have profited well. Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

I have a true story, something like that's, when bitcoin price only a few hundred dollar ( $200-$300 ) my brother-in-law says, you will be rich if bitcoin can reach $10.000 you own 3BTC now, but i not responding to him, i says is something imposible, but now im very frustation, i sell my 3 bitcoin in $1000 Sad
if i hold my 3 bitcoin right now i own $30.000 its not a litle money, now i trying to hold bitcoin as much as possible.
holding in a floating plus situation is not easy. especially if we hold in thousands of percent, of course it takes a solid psychology. a sense of regret must be there, but we don't know when the price will stop and turn around. while still profitable, I think that's our fortune


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onrise
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January 30, 2020, 04:23:56 PM
 #235

I've been in this field for about 7 years or so and I have learned a lot, I was there when the bitcoin price was only $ 230 or so and the price touched its ATH.  One thing that I want to do right now (which I didn't do in the past) is collecting bitcoin as much as possible, I regret when people told me that bitcoin would hit 15k or even more, at first I thought it couldn't happen but now I believe anything is possible, people are speculating that bitcoin can hit $ 100k, it's better for me to prepare.

One thing which strikes me based on my experience is that no matter the market may rise and fall badly as well but one should keep buying at regular intervals . If market has fallen then it’s time to buy more of the budget allows and not to sell in the panics mode beacuse in the long run it will give you good returns .

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CarnagexD
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January 30, 2020, 05:22:54 PM
 #236

Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.

I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well  but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner  promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.

I would tell family and friends and got  a response like I will wait till it comes down.  If those people listened 1 year later would have profited well. Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

Price predictions are the hole that crypto holders and traders fall into when done emotionally.
But these price predictions are sometimes right however. That's why people still want to dive into bitcoin anyway. They wanna know how it will fare in the future, and see if the profits they get are nice for them. Which I know is wrong but this is one of the biggest ways people get interested in cryptocurrency in general. So unless people find a way to get more investors in cryptocurrencies, we can't really stop them from plotting predictions.

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CryptoBry
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January 31, 2020, 03:13:50 AM
 #237

Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.

I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well  but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner  promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.

I would tell family and friends and got  a response like I will wait till it comes down.  If those people listened 1 year later would have profited well. Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

Price predictions are the hole that crypto holders and traders fall into when done emotionally.
But these price predictions are sometimes right however. That's why people still want to dive into bitcoin anyway. They wanna know how it will fare in the future, and see if the profits they get are nice for them. Which I know is wrong but this is one of the biggest ways people get interested in cryptocurrency in general. So unless people find a way to get more investors in cryptocurrencies, we can't really stop them from plotting predictions.

This is just human nature in action. Honestly, we are into something because we are expecting to get from it. In other words, we are always thinking "what's in it for me" whenever we are venturing into something and this kind of mindset is very much present in the world and market of cryptocurrency, hence we are always encountering a huge speculative volume here. I would not say this is bad but, of course, we are looking for growth in other areas like the real adoption where people are really using Bitcoin as a currency in our lives every day, but we know that this is where the biggest challenges is. With Bitcoin as a store of value and possible haven, in my view this cryptocurrency is quite on that.

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January 31, 2020, 05:12:06 AM
 #238

I can appreciate you for predicting it correctly, but the thing is, it is indeed really really unpredictable. Definitely many predictions come true and even I am optimistic about bitcoins future but as honest as I would be, truly, even I have doubts regarding it because, doubt is essential to belief and 0.1 btc can surely be attainable, but I think it's better to buy altcoins than to hold 0.1 btc now. Even if Bitcoin reaches $100000, it will just be 10x returns based on today's price.
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February 02, 2020, 08:53:33 AM
 #239

I can appreciate you for predicting it correctly, but the thing is, it is indeed really really unpredictable. Definitely many predictions come true and even I am optimistic about bitcoins future but as honest as I would be, truly, even I have doubts regarding it because, doubt is essential to belief and 0.1 btc can surely be attainable, but I think it's better to buy altcoins than to hold 0.1 btc now. Even if Bitcoin reaches $100000, it will just be 10x returns based on today's price

With altcoins you would be even more gambling

If you are lucky and invest in an altcoin which price goes through the roof, then you will be able to make handsome returns as there are going to be pumps of certain altcoins, which we see happening now and then, followed by inevitable dumps. However, you will need to be extremely lucky to catch these coins as well as these moments (read, enter the coin at the right time and leave it at the right time) as these occurrences will be rare and far in between

Overall, I expect the altcoin market to shrink further in the coming months and years, with the implication being that Bitcoin's domination is going to increase, while the price of altcoins to dump in Bitcoin prices. And it seems to be not even a question of if but rather a question of how much the altcoin market is going to get decimated. People have learned it the hard way that the only reliable coin out there is Bitcoin itself

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February 02, 2020, 10:33:46 PM
 #240

I don't want to win some hearts from now on. They blamed me for losing a lot during the bull run after educating them that invest what they could afford to lose. I'm firm with the idea of holding and the others are too. We just have to let them decide if they really understand the fundamentals of bitcoin not because of the idea they have that it's a rich quick investment.

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