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Author Topic: Buying Bitcoin is like planting trees  (Read 1122 times)
Latviand
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January 30, 2021, 07:19:55 PM
 #61

The best time is when we high lower lows in 2018 and 2019, which is around $3000'ish.

But if we go on your argument that we are going to hold in the next 10 years then yeah, possible, as you as you have a tough mentality to hold in that span of time. Anyhow, I'm basing on my experience, I have stocks that I hold for more than 10 years so it's doable. The only thing that might sway people though is that crypto is very unstable and risky because of it's volatility.

It is like building our future or securing the next generation so that we can somehow have assurance.

People are just scared to invest because it is either they are not knowledgeable or they want an easy money.

A bitcoin investor should practice improving their patience and skills in observing the market. Cryptocurrency is very playful in the market and there are a lot of factors that can affect its price and it can also affect your investment positively or negatively if you're unaware of it.
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January 30, 2021, 07:37:57 PM
 #62

Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.

Any investment applies to this even in the stock market. You're literally waiting for it to grow. There ain't really best time. Just you, your time, and your need for money that affects that to happen.
I somehow like this optimism that it isn't "too late" to invest though.
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January 30, 2021, 07:54:35 PM
 #63

Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.

totally agree with you...
I intend to pass on Bitcoin that I HODL, some Altcoins that I HODL, and the knowledge I get from cryptocurrency to my children. I think this is their provision for the future. *I hope the tree I plant will give them fresh fruit



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January 30, 2021, 10:02:10 PM
 #64

Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.

Right now you must have a very strong conviction to buy bitcoin, people had years and years to get bitcoin cheap and they did not do it and now they are complaining they have to pay so much when others paid so little, that is just the nature of the game but I can assure they will not do it and then in a decade once bitcoin is worth at least six figures those same people are going to complain they did not bought bitcoin at the current prices.

Most people only care about the short term which is why they cannot be investors because as soon as there is a decrease in the price, they will sell their coins, lose money in the process and then blame bitcoin for it when it was their fault by selling so early.

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February 02, 2021, 11:22:54 AM
 #65

What is your opinion on Bitcoin price? Whether it shows a steady trend or another bubble

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February 02, 2021, 11:52:05 AM
 #66

Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.


It's like planting trees, as you have said. There is no such thing as the best time. The best time is when you are most ready. You need to be patient and financially ready to invest.

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February 02, 2021, 01:14:17 PM
 #67

What is your opinion on Bitcoin price? Whether it shows a steady trend or another bubble

As the Bitcoin price reached $ 42,000 last month, January became a record-breaking month for Bitcoin price and network activity. But afterward, the price entered a three-week period of consolidation just after the record.

On the other hand, since it is not a victim of speculative news like other altcoins, we can say it is on a steady uptrend.

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February 02, 2021, 02:22:20 PM
 #68

That is a great comparison. In the past, there are a lot of investors that are thinking that bitcoin and crypto currencies will never flourish in the future but they are wrong. They are saying that it is a bubble that will pop in the future not thinking that it is a ship that would sail upwards and will keep on going up the more people rides it.

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February 02, 2021, 02:30:37 PM
 #69

Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.

You are just talking about investing on the first year of the bitcoin or buying bitcoin when it is just starting on the first phase or first stage. The people didn't know that the bitcoin will grow like this right now and it is not like planting a tree that if you plant a mini tree you are already sure that the after 10 years it will become a huge and big tree, compared to bitcoin that no one knows that when you buy on that day and after 10 years the bitcoin will grow so big. They are not the same because there are no guarantees that bitcoin will grow so much just like what we are seeing right now.



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February 02, 2021, 02:59:31 PM
 #70

That is a great comparison. In the past, there are a lot of investors that are thinking that bitcoin and crypto currencies will never flourish in the future but they are wrong. They are saying that it is a bubble that will pop in the future not thinking that it is a ship that would sail upwards and will keep on going up the more people rides it.
So far, this is the only analogy that I can accept in regards to investing in bitcoin. I wouldn't agree with you on the ships analogy though, bitcoin is the ocean, the tides are the increase and decrease in the prices and soon all of land will get taken over. For real, if skeptics are still believing the same theory about the bitcoin bubble till this day, I think that they are beyond help and they will never change, the only way for bitcoin to get bigger is for more people to know about it, sooner or later a lot of people will be using it and bitcoin becomes the talk of the town that the FUDs surrounding bitcoin will be drowned out and the former opposition will finally consider the benefits of bitcoin, it takes time though but that is no matter for bitcoin can wait.
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February 02, 2021, 03:16:49 PM
 #71

Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.

You are just talking about investing on the first year of the bitcoin or buying bitcoin when it is just starting on the first phase or first stage. The people didn't know that the bitcoin will grow like this right now and it is not like planting a tree that if you plant a mini tree you are already sure that the after 10 years it will become a huge and big tree, compared to bitcoin that no one knows that when you buy on that day and after 10 years the bitcoin will grow so big. They are not the same because there are no guarantees that bitcoin will grow so much just like what we are seeing right now.

Actually the idea is also a good metaphorical example because bitcoin is definitely like a tree in terms of its description and idea. When you want to gain or to have a tree, you need to plant a seed of a tree you wanted. After that, it takes a lot of patience in order to become a strong, firm, tall and beautiful kind of tree. In bitcoin investing, you must start in a small amount of it, you need to have a patience in gaining some knowledge and studying how it works. You must invest also ypur time and effort in order for you to have a better understanding for in the future you will have a reasonable and positive profit or earnings. Trees and bitcoin is definitely same in terms of making some long term goals but worth it we can say.
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February 02, 2021, 06:18:36 PM
 #72

Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.

Hahahahaha I loved your quote! Cheesy It's kinda philosophical. I'm gonna keep it to myself. The more you buy / plant, the better it'll be in the future.
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February 02, 2021, 09:31:35 PM
 #73

Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.

Hahahahaha I loved your quote! Cheesy It's kinda philosophical. I'm gonna keep it to myself. The more you buy / plant, the better it'll be in the future.
Yes, but always remember out about the risk because not all would really be having a happy ending.You wouldnt know if those plants/btc that you had planted wont wither or die in the end of line.
So you should really be prepared on the possibilities that would happen but somehow on seeing the current situation or progress of bitcoin in over a decade then you can eventually tell
that this one will really last long in future years to come.If you can risk out to put up some money or investment on just like on planting trees then this time it might pay out ahead just
like into those people who do risk when bitcoin was just still starting up. No one can predict the future though but we can make some steps that would really be giving out those good opportunities.

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February 02, 2021, 09:55:19 PM
 #74

~
Thank you again for noticing his posting. In fact, the OP does not have a single post written by hand. Malicious plagiarist.
~
Too bad, I hope this can be a valuable lesson for op.
actually it's okay to be inspired by other topics or articles, but Op's should be able to develop it with his own creativity.

regardless, I like the analogy that buying bitcoin is the same as planting trees. we need to "take care of it" in order to grow properly, because there will be many trials, lack of water, storms, etc. It's the same as market conditions, sometimes good sometimes bad. patience and mental are needed as a holder. market analysis is also needed, otherwise we will lose a good moment to "harvest"

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February 02, 2021, 10:32:14 PM
 #75

I agree with the analogy that buying Bitcoin is like planting trees, we cannot expect instant results. Because it's like planting a tree, after a few
years it produces fruit that is fresh and delicious to eat. The same thing as buying Bitcoin, if we buy Bitcoin today, then the best time to enjoy
the results is 10 years in the future. It takes patience to be able to successfully invest in Bitcoin.

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February 02, 2021, 10:37:42 PM
 #76

I agree with you. Every day is a good day to buy bitcoin. It is still early and most people won't even listen and sell for weak fiat. I am more certain that you will become more wealthy investing in bitcoin and other cryptos than any other investments out there of which I have 0 interest in any way. Never invest in something you don't support and believe in and want.

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February 02, 2021, 10:53:03 PM
 #77

Definitely. And just like a tree, you ought to take care of your bitcoins in order to get the most out of them. Because bitcoin is more than just a tree. It's a fruit tree, giving you the opportunity to earn more than what you came up with. So take care of yiur bitcoins in all ways possible, and you're sure to become a very rich farmer in the future.

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February 03, 2021, 01:26:50 AM
 #78

Yap, True.

Back to 2017, when the price of bitcoin drop i already lost my faith and sold all of my btc.

And that mistake is very make me stressful and i don't want to make same mistake twice.

After statement from elon musk, thats make me more confidence about bitcoin and 2021 gonna be wild.
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February 03, 2021, 02:40:12 AM
 #79

Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.

I agree with you and now I'm trying to plant as many trees as possible. I'm buying small amounts every time I have some free funds. I even recently sold on eBay useless stuff I owned and bought some coins plus paid of my CCs.
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February 03, 2021, 06:44:22 AM
 #80

Buying bitcoin is like planting trees. It is a long-term investment. After buying it, you can get some benefits after putting it in your wallet for several years.
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