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Mike Mayor
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December 15, 2020, 11:44:52 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. This is what I don't understand with people. They can't be patient. If you are not willing to wait 4-5 years then you shouldn't be investing you should be gambling instead. Investments are like trees they take time to grow. People who want instant gratification shouldn't invest. However, if you spend and use bitcoin anyway then you will always have some, which is a pretty cool way to look at it. |
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suzanne5223
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December 16, 2020, 12:21:36 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. [Snip] 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. How can we follow the institutions accumulation when we usually dont when they buy Bitcoin until they make public announcement and we dont know if accumulation is genuine or it just their own way to influence the market. We should try to become a holder like them and don't sell bitcoin if the price does not increase.
If we are a holder like the institutions then we will never be a true crypto enthusiast because 70% of all institutions that join crypto are those who see crypto as a new opportunity to make profit since the world economy melting down. |
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michellee
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December 16, 2020, 03:32:29 AM |
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[Snip]
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.
How can we follow the institutions accumulation when we usually dont when they buy Bitcoin until they make public announcement and we dont know if accumulation is genuine or it just their own way to influence the market. The meaning of following the institutions is to buy bitcoin when the price is down. That is what the institutions do if they see the bitcoin price. We don't follow their news about when they buy bitcoin, but we know when bitcoin price is down, so that means we can follow their step to purchase bitcoin. We should try to become a holder like them and don't sell bitcoin if the price does not increase.
If we are a holder like the institutions then we will never be a true crypto enthusiast because 70% of all institutions that join crypto are those who see crypto as a new opportunity to make profit since the world economy melting down. That will not be a problem since we want to make money, whether we are personal or institutions. But I am sure if they can make money from crypto and know that the crypto world will not be just about bitcoin only, we will learn and search for other coins that can be the next investment. In the future, they will become a crypto enthusiast. |
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panganib999
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December 16, 2020, 04:31:32 AM |
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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. This is what I don't understand with people. They can't be patient. If you are not willing to wait 4-5 years then you shouldn't be investing you should be gambling instead. Investments are like trees they take time to grow. People who want instant gratification shouldn't invest. However, if you spend and use bitcoin anyway then you will always have some, which is a pretty cool way to look at it. Indeed. The idea of instant earning isn't possible more over to those people who are always just sitting and still want to earn. It is okay to invest in something then wait for a long period of time, it is called a long term profit payback. But ofcourse. If you want to earn more, you must decide and think of a way or more businesses that might give you some extra income. As a friendly reminder, you must always think harder and wider. You must not stick to the idea of just earning in a single type of business. Making a business in the beginning is super hard yet when it comes to starting up but as like as what is said, when it grows just like a tree it will be worth it. Don't you ever just focus or putting too much effort in gambling, it doesn't what you think or easy to earn profit. |
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taufik123
Legendary
 Offline
Activity: 2520
Merit: 1721
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December 16, 2020, 04:47:25 AM |
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That will not be a problem since we want to make money, whether we are personal or institutions. But I am sure if they can make money from crypto and know that the crypto world will not be just about bitcoin only, we will learn and search for other coins that can be the next investment. In the future, they will become a crypto enthusiast.
People who are new to crypto and also institutions only know about bitcoin, even though there are many other cryptos that can be used as investment and generate profits. But when you know there are many altcoins, the risk will increase. Some people are even trapped in fake and unprofitable investments, so this will also make crypto an asset that cannot be profitable and always be detrimental. Before thinking about making big money with crypto, it is better to know the risks involved in crypto. |
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michellee
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December 17, 2020, 03:47:58 AM |
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That will not be a problem since we want to make money, whether we are personal or institutions. But I am sure if they can make money from crypto and know that the crypto world will not be just about bitcoin only, we will learn and search for other coins that can be the next investment. In the future, they will become a crypto enthusiast.
People who are new to crypto and also institutions only know about bitcoin, even though there are many other cryptos that can be used as investment and generate profits. But when you know there are many altcoins, the risk will increase. Some people are even trapped in fake and unprofitable investments, so this will also make crypto an asset that cannot be profitable and always be detrimental. Before thinking about making big money with crypto, it is better to know the risks involved in crypto. Many new people don't know about it because they lack information about investing in crypto. But soon after, people or institutions know that cryptocurrency is not just bitcoin. They will research more to find the other coin that will have the potential to give them profit in the future. I admitted that some people are trapped in fake investments because they are greedy for making money in a short time. So they think that investment is some a short way to make money. |
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famososMuertos
Legendary
Offline
Activity: 1736
Merit: 2745
LE ☮︎ Halving es la purga
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December 17, 2020, 11:07:26 PM |
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No matter how long it takes see an ATH, bitcoin will always have an "interesting" price.
When it all started, it was interesting to know that something gained value in simple trust among a small group of users. That for me is the most "significant" price of all, the lowest that bitcoin has had.
On the other hand, I do not think that we have to leave all the weight of future earnings to the simple price of bitcoin, the investment models and the influence that bitcoin could have in 10 years can create niche opportunities in different types of business models. This can bring you more profit than the same value of bitcoin, even if the bitcoin does not reach the estimated values. The social-economic influence in the future of bitcoin should always be considered.
Today it already exists! there are many investors, entrepreneurs making money at the expense of whatever "$" value bitcoin has.
So if you are going to wait 10 years for bitcoin to acquire all-time highs every year, Ok! it is part of the bitcoin approach but not the whole, in fact the future of bitcoin is not in the passive holding of bitcoin but in the ventures that arise based on their technology and the use of bitcoin.
The future of bitcoin is not just thinking about making its value of 1 BTC profitable, it is seeing that there are 100,000,000 in opportunities.
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MCobian
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December 17, 2020, 11:24:20 PM |
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It's a good idea to collect Bitcoin from now on for a long-term investment, because if we learn from the history of Bitcoin pumped in 2017.
Then now in 2020 it is happening again, even this year Bitcoin is able to reach a new all time high. This has really convinced me to collect
as much Bitcoin as possible. For people who are impatient and want instant profit, you shouldn't buy Bitcoin at the current price. Because
there is a possibility that the Bitcoin price will be dumped, so please wait for a correction to occur.
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