Wysi
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December 12, 2020, 05:43:15 PM |
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People needs lot of patience and clear state of mind with a proper plan to deal when market situation does not go as per expectations because it's not an impossible task to invest into Bitcoin but it's not possible for everyone to hold on to their nerves during bearish market which has dominated most of past three years. I think forecasting 2030 and investing into it at this peak time would be suitable only for long term investors, for others who don't wanna risk buying at peak may wait for a bearish market or dump to fill their coffers with Bitcoin.
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The block chain is the main innovation of Bitcoin. It is the
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Latviand
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December 12, 2020, 06:13:01 PM |
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It is your own will and decision if you want to buy more bitcoin in the long run.
Although it is not bad to invest most of our asset in bitcoin but we should also be mindful about the possible things that might happen in the market.
It is really hard to become so confident with bitcoin, we should also invest on other coins or businesses that will help us grow and become stable. Bitcoin is volatile and there are a lot of things that might happen 5 to 10 years from now. It is hard to say if bitcoin will really boom soon, there are factors that can affect its price and those factors are unpredictable.
If you really trust bitcoin and you fully rely on that, then go on.
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suzanne5223
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December 12, 2020, 08:36:16 PM |
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If we speculate the Bitcoin market due to the institutions and companies that joined which I believe could dump their holding when new ATH is achieved i will say seizing the current dump in the price of the market it never bad but holding Bitcoin for 12 years(till the year 2032) advised by OP is what I don't support if the buyers were not among the accumulator during the $6K-$12K price range.
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Lanatsa
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December 12, 2020, 08:59:08 PM |
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We do have our own will and on the right mind when it comes to decision making towards investment.If you can handle out the risk on buying or accumulating coins for the future then its up to you but don't ever remove into your mind the possibilities for the price would go into the opposite way.
Nothing is certain if we do talk about the future because we cant tell if what would happen into those ahead years to come.
Risking out something for something anticipated reward on this market is plausible but of course losses would also in the line too.
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BuNga_cute
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December 12, 2020, 10:02:41 PM |
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I believe Bitcoin will continue to rise in price, so from now on buying Bitcoin is a thing that must be done. It is very profitable to hold Bitcoin in the long run, so collect as much Bitcoin as possible, then in the next 10 years there is a possibility that we can become rich. Never delay buying Bitcoin, because we might regret it if the Bitcoin price is too high.
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Asuspawer09
Sr. Member
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Cashback 15%
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December 12, 2020, 10:28:12 PM |
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I guess the best advice is to always save your bitcoin, since thinking about it there was really no reason for the bitcoin value to not increase in the future.
Personally, I have an Electrum wallet where I save my bitcoin for a long term and then still have bitcoin in Binance for trading purposes, supply and demand wise you could already assume that in the future market price of bitcoin will increase but still risky because something could always happen and maybe new technology could be created that is more superior than cryptocurrency.
But still, it is more like a high risk and high reward thing so always save your bitcoin for long-term investment.
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Yamifoud
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December 12, 2020, 10:46:24 PM |
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You could be right mate, Bitcoin price will grow more in the incoming years but accumulating more Bitcoins in the current market situation is not a good idea, better to start it during the bearish season.
Yeah, for those who come early in crypto and started buying and hold it, they are possibly doubling or even make a triple gains. Though we actually don't know what will happen next but seeing on the market chart, we are already have some insights that Bitcoin price is really growing and that we need not to miss a such opportunity.
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Mike Mayor
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December 12, 2020, 11:27:40 PM |
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It's easy to feel defeated if you were not some of the first adopters that actually held their bitcoin until it became worth something substantial. It is natural for humans to feel defeated and we need to remember about the future. We might all still be new adopters. I was telling people to buy bitcoin when it was $400 and I have ever since. Even when something is almost a sure thing people still refuse to listen. So I guess there are people here that still wouldn't buy bitcoins even if someone came from the future to tell them about it.
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Axelseseclevz
Jr. Member
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December 12, 2020, 11:36:49 PM |
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10 years is not too long. Holding bitcoin for long term is really a good idea as long as you have patience to wait until it will surge high. It's not yet late to start buying bitcoin now and hold it for a long term. We don't really know what will be the future of bitcoin but based on the status of it, we can see that it has a very bright future.
But it is still up to you if you buy now and hold for a long run. It's up to you if you will take the risk to gain rewards later or don't risk and just regret that you didn't trust bitcoin.
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newwest
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December 13, 2020, 06:45:12 AM |
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If we speculate the Bitcoin market due to the institutions and companies that joined which I believe could dump their holding when new ATH is achieved i will say seizing the current dump in the price of the market it never bad but holding Bitcoin for 12 years(till the year 2032) advised by OP is what I don't support if the buyers were not among the accumulator during the $6K-$12K price range.
It could also be possible that with some fall in prices other institution will take their chances and call to invest big in the bitcoin as those might be just waiting for some fall. Seeing the growth and rise and other institutional players stated to come so there might be just few more waiting to take the opportunity and that could just push back the prices again.
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michellee
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December 13, 2020, 07:05:02 AM |
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If we speculate the Bitcoin market due to the institutions and companies that joined which I believe could dump their holding when new ATH is achieved i will say seizing the current dump in the price of the market it never bad but holding Bitcoin for 12 years(till the year 2032) advised by OP is what I don't support if the buyers were not among the accumulator during the $6K-$12K price range.
It could also be possible that with some fall in prices other institution will take their chances and call to invest big in the bitcoin as those might be just waiting for some fall. Seeing the growth and rise and other institutional players stated to come so there might be just few more waiting to take the opportunity and that could just push back the prices again. As they have a large amount of money, they can buy many bitcoin at a lower price. They won't let that chance because they think that when the price starts to increase, they will buy bitcoin in a large amount. We should follow what they did if we want to make a profit like them. But still, we need to get more information so that we can buy at a lower price. We should try to become a holder like them and don't sell bitcoin if the price does not increase.
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gabbie2010
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December 13, 2020, 07:18:38 AM |
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It is not too late to invest in bitcoin because some people have not put their full trust in bitcoin. While that hasn't happened yet, then bitcoin will continue to grow so that it hits its highest price, it will make bitcoin holders in 2020 rich, and can enjoy it.
For a long term perspective its not too late to invest in bitcoin, it is even advisable to keep on buying and accumulating as much as possible, the OP had made a salient point here who knows what the price will reach in few years to come?, bearing in mind that more institutional adoption is on the horizon this is the catalyst that will trigger the price to reach a new ATH, majorities of forum members here are also accumulating their coins for future.
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Pom_bensin
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December 13, 2020, 07:29:08 AM |
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It looks like if in 2030 bitcoin can reach the highest price, it will make people rich with bitcoin, I think this can definitely happen and this is a surprise to people who have since now and are on hold until 2030
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kentrolla
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December 13, 2020, 10:12:52 AM |
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It looks like if in 2030 bitcoin can reach the highest price, it will make people rich with bitcoin, I think this can definitely happen and this is a surprise to people who have since now and are on hold until 2030
What if you sell your holdings now and buy back again after few months if the price goes down, still you can hold and make profit Right? I am just saying because even now BTC is on ATH and who knows if the price goes down again also there are possibilities again it might take 2 years to get back to the same price. Why because miracles happens only once in 3years so think about it.
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blckhawk
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December 13, 2020, 10:57:51 AM |
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For the holders that read this thread on 2030, how does it feel to consider yourself rich by having only 1 bitcoin?
For those that read it on 2020, I have to say nothing but this. Buy. This world-changing project is only 10 years old. Who knows what will happen in the future. So that was it, just a friendly reminder that it's not too late. It's actually too early.
Well, its never been too late and you can invest or purchase whenever time you want because Bitcoin keeps growing overtime. You might find to expensive to buy right now but sooner or later Bitcoin will surge and this current price will be inexpensive. The only thing you must hone in this long term is to control your emotions and your patience. We're only just in the beginning so buckle up and accumulate more Bitcoin as much as you can.
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bryant.coleman
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December 13, 2020, 12:01:17 PM |
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Well, its never been too late and you can invest or purchase whenever time you want because Bitcoin keeps growing overtime. You might find to expensive to buy right now but sooner or later Bitcoin will surge and this current price will be inexpensive. The only thing you must hone in this long term is to control your emotions and your patience. We're only just in the beginning so buckle up and accumulate more Bitcoin as much as you can.
If you have the patience and the ability to wait for 4-5 years, then there is no harm in investing at current levels. Those who invested in December 2013 had to wait almost 4 years to see their investment in green. The same happened to those who invested four years later, in December 2017. They are still in loss, but we can expect them to be in profit by next year. So if you can wait for that long, there is nothing wrong in investing in Bitcoin.
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Yatsan
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December 13, 2020, 09:25:09 PM |
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It is such a nice way of thinking to foresee that each and everyone will still be able to maintain having 1 bitcoin up until the year 2030 which is 10 years from where we are right now. Actually the advice of just continuously buy or obtain Bitcoin is kinda good since we are seeing it progressing as of the moment and even it price drops down a little bit can be considered as an opportunity to be taken to buy a small part based on what you can afford to have. But since we cannot totally predict or know what are the things that can happen as we go along the years, it cannot be sure that people reading this in year 2020 are still all having at least 1 Bitcoin for there are relatively other things that are needed to be considered specially upon managing your funds for the better. But indeed it is great that you just continue to buy as long as you can but do always consider to properly handle your funds effectively.
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Twentyonepaylots
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December 13, 2020, 11:52:18 PM |
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I envision everyone owning atleast a bitcoin in the near future. Insurance companies offering contingency plans for bitcoin to make up for the huge market this cryptocurrency is creating, and a bunch more opportunities the bitcoin door would open just by merely existing in the virtual space alone. It's a revolutionary project that allowed a lot of people to reclaim control over their lives. Thankful to be acquainted to this coin.
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michellee
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December 15, 2020, 02:52:27 AM |
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I envision everyone owning atleast a bitcoin in the near future. Insurance companies offering contingency plans for bitcoin to make up for the huge market this cryptocurrency is creating, and a bunch more opportunities the bitcoin door would open just by merely existing in the virtual space alone. It's a revolutionary project that allowed a lot of people to reclaim control over their lives. Thankful to be acquainted to this coin.
I think that will happen soon after bitcoin becomes more popular and bitcoin can be known in all countries. I don't know how the insurance companies can offer bitcoin's plan since the bitcoin price is not stable, and it could make people worry about seeing the price. But people who own bitcoin in their wallet will be glad to know the price will increase, and that can make them buy more bitcoin and hold it. Our hard work will not disappoint us in the future, especially if the bitcoin price can hit the highest price in the next 10 years.
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Xinarae*
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December 15, 2020, 03:47:17 PM |
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It is possible to own Bitcoin if you have enough capital. There are many traders in the crypto market who have invested in Bitcoin. This is a great opportunity for them to win and Bitcoin investment will rise to the very top of the future which will improve the world and will also introduce Bitcoin in countries that are not legal. Traders make a lot of money when the price goes up because it is not stable. The ultimate opportunity for traders to win Bitcoin is to wait patiently for the price to rise and the traders will be very happy if the price rises.
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