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Author Topic: My Appeal to Everyone to secure your future  (Read 592 times)
irixo10
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December 27, 2020, 11:49:02 AM
 #21

First you can not predict the future to know that it will take a stipulated time for 1 Satoshi to be worth 1 dollar, I think the best way of investing in whatever coin, is understanding the coin, the potential and the use case towards the future, then invest what you can afford, if as time goes on you decide to sell it's up to you, and if you decide to hold long term it is also your decision.
Nevertheless, you made a good post and if taken seriously have the possibility of making one gain a lot, but you should know there are many people who are yet to understand what Bitcoin is, so I think the first step would be to educate them and then allow them make their choices. The reason for this is, I believe many people who bought Bitcoin because of what they saw in 2018 and then it dumps, will regret as of then, but had it been a majority of them were educated about it, and held till now, they would be in good gains.

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December 27, 2020, 11:51:23 AM
 #22

If you invest money, you have to do it wisely. You should not invest everything in bitcoin, since no one knows how everything can end. Yes, it is obvious that Bitcoin is now very profitable for investing, but do not forget about the risks. Thus, it is best now to keep money in bitcoins and in precious metals, since, for example, gold will never lose its value for people, because it has practical applications in life. Gold can only drop in price, but it is impossible to completely abandon it, since it has unique properties that other metals do not have.

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December 27, 2020, 12:04:09 PM
 #23

I would like that all of us who do not have bitcoins, should buy $200 worth of bitcoins, keep it in some wallet and forget  it. In five to ten years time you will thank me about this investment. Maybe most of the people will have their good retirement life if they just invest $200 worth of bitcoin today.
I'm pro-Bitcoin, but I really don't like the idea of buying at the ATH. It's a very risky thing to do, it goes against investing 101, and it's very likely to end badly. Taking the history of BTC price changes into account, I really doubt the price is not going to drop at least 30% eventually, and I think that a 50-60% drop is very realistic. And then it will be the Bitcoin FUD all over again with people feeling like they missed their chance and reluctant to buy at $10k. Then this $200 idea might be a good one.
I have some limited BTC which I don't sell and kind of always have in my wallet, so I'll just keep doing that.

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December 27, 2020, 12:07:18 PM
 #24

And hopefully in the next ten years, people will come back here to share testimony on how this your post has changed their life positively. The courage to do this is what majority lacks  even though we have read numerous post in the past stating that you can never go wrong by investing in bitcoin. After the fall in the price of bitcoin in 2017/2018, a lot of people lost interest because everyone want quick means of getting big profit but only people who has been an enthusiast of the bitcoin since the day Satoshi launch this coin still have the courage to carry on. Do you know there are numerous things we waste money on, if we could at least channel 1% of our wasteful spending on buying bitcoin, it could be the best decision we have ever taken. My advice to everyone especially to those people that earn monthly salary. you can channel just 1% of your monthly salary to buy bitcoin
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December 27, 2020, 12:54:45 PM
 #25

Bitcoin today is all time high and most of us would have some bitcoin or satoshi with us. Many people would sell the bitcoin at these high prices and mostly new people who do not have bitcoin will still not buy bitcoin because they think bitcoin prices are too high.

I would like that all of us who do not have bitcoins, should buy $200 worth of bitcoins , keep it in some wallet and forget  it. In five to ten years time you will thank me about this investment. Maybe most of the people will have their good retirement life if they just invest $200 worth of bitcoin today.

Please also pass this message to all your near and dear ones. You never know in 10 years time 1 satoshi may be worth 1 dollar.
i remember the Thread I read in the past about the topic "Every Satoshi Counts" comes from the famous Water ads government use "Every Drops Count" (talking about Water)

Actually what i want to say here is that Those who has Few satoshi Must treasure them n their wallet .

Because if time comes that Bitcoin Reach the Top and may amount Million dollars per bitcoin ? each satoshi may save your Bills in future.

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December 27, 2020, 01:03:05 PM
 #26

I got your point here but we don't have to force anyone to buy Bitcoin if they don't want, because it might backfire to them. For example, for making a very persuasive speech of Bitcoin, and then people decided to buy it because of FOMO and then the price dump, then they will enter or the state of FUD, the next thing they'll do is to sell it because of too much panicking.

And guess what? they'll blame you for making them bought Bitcoin, and the money they've lost because of the bearish market. So before you tell people to buy Bitcoin, so must first teach them or tell them to study about it first before proceeding to the next level to avoid losses.
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December 27, 2020, 01:20:49 PM
 #27

Bitcoin is volatile and it is not like gold that if you invest on it, its price will constantly increase over time.

After 10 years, are you sure that bitcoin will really have a higher price? If yes, then probably all of the things that we need in daily lives will also increase in price such as food, clothes, and other things that will help us live. The rate will still the same and I know that in 10 years, there's a already a lot of things that can happen.

Investing on bitcoin in the proper timing and making it profitable in the market depending on its hype is really what will make you successful and have a huge profits.
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December 27, 2020, 01:20:53 PM
 #28

People have choice if they are going to sell, buy and hold their bitcoin that they have right now. Other people secure their profit and they sell what they have because they want guarantee that their profit is safe but I think it's more people are really believe to the bitcoin that it will rise more and we want to take that risk and hold more for better future because the more people hold bitcoin high chance to rise it and we know the consequences of this.
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December 28, 2020, 10:49:49 AM
 #29

Buying Bitcoin of very low amount won't make much gain no matter the price increment. But you can use a little part of the money to buy an altcoin that will give or double or triple of your invested amount. That's what I would do.

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December 28, 2020, 10:56:47 AM
 #30

Bitcoin is volatile and it is not like gold that if you invest on it, its price will constantly increase over time.

After 10 years, are you sure that bitcoin will really have a higher price? If yes, then probably all of the things that we need in daily lives will also increase in price such as food, clothes, and other things that will help us live. The rate will still the same and I know that in 10 years, there's a already a lot of things that can happen.

Investing on bitcoin in the proper timing and making it profitable in the market depending on its hype is really what will make you successful and have a huge profits.

I guess what i get from OP thread was to remind everyone to secure for their or for our future because he knows already that bitcoin was a very volatile coin. And yes no one knows what will going to happen tomorrow to the cryptocurrency especially bitcoin. No one predicted a correct predictions in bitcoin and i guess to be able to work out this reminder was to have a another investment aside from investment in bitcoin, have a real state investment or businesses while dealing in bitcoin.
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December 28, 2020, 11:37:21 AM
 #31

Bitcoin today is all time high and most of us would have some bitcoin or satoshi with us. Many people would sell the bitcoin at these high prices and mostly new people who do not have bitcoin will still not buy bitcoin because they think bitcoin prices are too high.

I would like that all of us who do not have bitcoins, should buy $200 worth of bitcoins , keep it in some wallet and forget  it. In five to ten years time you will thank me about this investment. Maybe most of the people will have their good retirement life if they just invest $200 worth of bitcoin today.

Please also pass this message to all your near and dear ones. You never know in 10 years time 1 satoshi may be worth 1 dollar.


I agree that bitcoins are a good asset and one should invest in bitcoins for good returns ,
yes this growth was stable and is not a bubble like the previous one , yet as we see more and more institutional investors which could even lead in price manipulation in the near future, one major company can create its own monopoly by owning  major sums of BTC.

a good return yes obviously in a long term but a profit you can live your retirement life on cant be sure of that.
 
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December 28, 2020, 11:47:35 AM
 #32

I would like that all of us who do not have bitcoins, should buy $200 worth of bitcoins , keep it in some wallet and forget  it. In five to ten years time you will thank me about this investment. Maybe most of the people will have their good retirement life if they just invest $200 worth of bitcoin today.

First of all, not everyone has $200 that they can invest just like that, and secondly, it is too small an amount for anyone to hope to profit from in the next 5 or 10 years. What is also not logical to me is that anyone is advised to invest during the bull run, and even at the beginning of the year the price was almost up to five times lower.

As some other members have mentioned, owning a BTC is not something anyone can do successfully, for some it would be $200 thrown to the wind. When it comes to financial advice and money, it is better to stay aside, because you can put your family members, friends or acquaintances in very bad situations - what if the price of BTC goes down significantly, or if someone steals what they have invested in?

I've tried to help some people in the past, but most didn't listen to me and did all sorts of stupid things, and they blamed me for everything - of course everyone blames the messenger first, it's so much easier than accepting their responsibility.

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December 28, 2020, 11:58:13 AM
 #33

I would like that all of us who do not have bitcoins, should buy $200 worth of bitcoins, keep it in some wallet and forget  it. In five to ten years time you will thank me about this investment. Maybe most of the people will have their good retirement life if they just invest $200 worth of bitcoin today.
I'm pro-Bitcoin, but I really don't like the idea of buying at the ATH. It's a very risky thing to do, it goes against investing 101, and it's very likely to end badly. Taking the history of BTC price changes into account, I really doubt the price is not going to drop at least 30% eventually, and I think that a 50-60% drop is very realistic. And then it will be the Bitcoin FUD all over again with people feeling like they missed their chance and reluctant to buy at $10k. Then this $200 idea might be a good one.
I have some limited BTC which I don't sell and kind of always have in my wallet, so I'll just keep doing that.

I agree with this.

Buying in an uptrend means losing of profit if, yes, if you bought it in the peak. What I mean is when you bought Bitcoin in $30,000 and then you thought the price is going to hike up more but it suddenly hit the reversal causing your profit into a negative one. That's why being a FOMO with a plan is a must, ask for someone about the chart of Bitcoin, or ask here in this forum what's their price prediction before this year ends.

Wait for confirmation before buying to achieve the profits in the long run.

Cheers!
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December 28, 2020, 12:23:23 PM
 #34

You already said that we never know what could be the price of bitcoin in the next 10 years so it would be hard to encourage other people around us to invest in bitcoin. We can't just tell them that the 1 Satoshi may be worth 1 dollar in the future because it might not happen as well. Bitcoin is a good investment but I would only suggest it to people who are interested, willing to learn about it, and patient.
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December 28, 2020, 11:34:22 PM
 #35

No one literally knows what can happen on Bitcoin after 5 to 10 years in time and let us just make people make their own decisions with regards to purchasing or investing with Bitcoin since they will be the ones who will benefit on it or not. The appeal should not be forceful or manipulative because we all do have our own minds to think about it. Let them decide for what they think is best for them. They will be the ones to regret or benefit after all with regards to the decision they will make. It is not just a sort of belief but as well as risk on getting into Bitcoin so better be sure on making your own decision not because someone told you to do so.

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December 29, 2020, 06:21:16 AM
 #36

Bitcoin today is all time high and most of us would have some bitcoin or satoshi with us. Many people would sell the bitcoin at these high prices and mostly new people who do not have bitcoin will still not buy bitcoin because they think bitcoin prices are too high.

I would like that all of us who do not have bitcoins, should buy $200 worth of bitcoins , keep it in some wallet and forget  it. In five to ten years time you will thank me about this investment. Maybe most of the people will have their good retirement life if they just invest $200 worth of bitcoin today.

Please also pass this message to all your near and dear ones. You never know in 10 years time 1 satoshi may be worth 1 dollar.

Once i have sold 1 BTC for only $500 but today i can't dream of buying 1 BTC. It is now on the moon. Those who are selling today, may regret like me after 5 years from now. I know few holders who are still holding Bitcoin from $500 rate to till today. Wise holders won't sell Bitcoin even in small correction period, they try to buy as more as they can for their future hold. Those who hold Bitcoin avoiding GOLD or deposited in banks, are now gainers and will be more gainers in the next few years.
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December 29, 2020, 06:32:05 AM
 #37

Making small investments in Bitcoin is good. But at the same time, you need to keep your expectations low. Right now Bitcoin is trading at $26,400 per coin and its market cap is around $500 billion. Unlike what happened in 2013 and 2017, I don't think that it is possible for Bitcoin to give 20x or 50x returns anymore. It has already attained a high market capitalization, and therefore any future returns will be moderate.
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December 29, 2020, 06:39:20 AM
 #38

Even if we buy 200 USD worth of Bitcoins at a 25K USD price,how much will the price increase after 5 years?
I don't believe that the BTC price will increase above 100K USD in 2025,so those $200 will most likely become $800.
Do you think that this amount will "secure our future"?  Grin
I don't want to promote Bitcoin to anyone,because the people will begin to believe that Bitcoin is some sort of ponzi scheme.
One Satoshi will most likely never reach the 1 dollar price,so there's no point of fantasizing about what will happen in the future.
Bitcoin is not a lottery ticket...

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December 29, 2020, 02:51:33 PM
 #39

Making small investments in Bitcoin is good. But at the same time, you need to keep your expectations low. Right now Bitcoin is trading at $26,400 per coin and its market cap is around $500 billion. Unlike what happened in 2013 and 2017, I don't think that it is possible for Bitcoin to give 20x or 50x returns anymore. It has already attained a high market capitalization, and therefore any future returns will be moderate.

To increase your Bitcoin holdings you need to also take the risk investing in altcoin that you think can give you upto 100x profit .in that case you are helping your self to increase your holdings at the same time you earn in BTC if the price of it increase . So trading will be the best option for you if you are looking for high gain that Bitcoin give before and to do that you need to do some research about the project and make sure you will not lost in it for buying.

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January 08, 2021, 01:11:54 PM
 #40

Actually, I like his idea about buying $200 worth of bitcoin and hold it in a wallet and forget it (but do not really forget if we have bitcoin in that wallet Grin). What I want to say, when we use $200, that means, $200 is the money that we will not use for anything and that is free to use in anything you want, and you do not mind if you lose that amount someday.

Or we can invest in bitcoin by buying $10-$50 in bitcoin weekly or monthly for a year, and after a year, we stop the investment and just hold for the price increases. If the price can increase, let say, we bought bitcoin at $30k-$50k for a year, but in the next year or next two year, the bitcoin price can increase for $100k-$250k, that will be huge money for them.

We have different in making a plan of investing, so we might not agree with someone idea because their idea can not work to us, so we need to find the other methods for our investing.

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..PLAY NOW..
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