Think before investing, the moon has limits

[slaman29]

    Nothing rises to infinity.

The truth, but also the danger. Because we all know nothing rises to infinity, we all think even $1 billion is realistic. And then $10 million is even more realistic, and $100000 is the surest thing.

But all these numbers are equally far away from infinity, is what our minds cannot grasp:)

Be safe not sorry, everyone!

[aysg76]

Whenever the prices are rising everyone says we miss the opportunity to invest at low price levels and if we have done investment earlier we would be enjoying profits now.On the opposite side of the coin when market is witnessing crash or dip those who want to invest gets panic due to FUD's spreading in the market and again losse the chance of investing at that time.People will always make excuses no matter how much you explain them to invest in btc.So its their personal choice of investment and time to invest or not.They are just missing the train to the moon and will see others travel to the destination who have made investments at this time.

[pinggoki]

Whenever the prices are rising everyone says we miss the opportunity to invest at low price levels and if we have done investment earlier we would be enjoying profits now.On the opposite side of the coin when market is witnessing crash or dip those who want to invest gets panic due to FUD's spreading in the market and again losse the chance of investing at that time.People will always make excuses no matter how much you explain them to invest in btc.So its their personal choice of investment and time to invest or not.They are just missing the train to the moon and will see others travel to the destination who have made investments at this time.

In the real life we cannot hit all of the good and jackpots of life in which sometimes we invest on bitcoin but still it didn't pump up or it dumps, sometimes when we invest after a week or months the investments become successful. What I am talking about is that it is all based on the risk that we are giving because sometimes there are people who will just talk and talk but still cannot invest their own money. Investments is a big risk and it is really a personal choice and personal decisions because once you invest and it fails then you would wait again for some years in order to get what you have been lose for. Just like what the others are saying right now, go and buy bitcoin right now and enjoy the the destination to the moon.

[arufox]

We talk about investment and of course, the moon has limits, but the limits will replace by another limit, always like that. Bitcoin $1K, $10K, $100K, $1000K and more. We see the fact that only people who can become a holder will happy. So don't worry about the limit, you should focus on buy and hold

[jaberwock]

Been thinking about that and most of it was regret.
Although I had my joy when spending it back then. That won't be paid by any kind of money.

Anyway, don't ride the expensive boat. That's one of the things I learned in this forum 4 years ago.
Up until now, it's still like a motto of mine. I'm the cheap type of person and I want everything to be as cheap as it could get before I buy them.
After that, what every investor need is patience. But I doubt they will have it if the mindset is being a millionaire in an easy way.

I have spent maybe 50+ bitcoins in my life, most of it was before 2015 so it was basically as cheap as it gets, I remember once I paid someone 10 bitcoins just to build me a website (was a complex website to be honest) and that was about 4k dollars total, bitcoin was 400 dollars per bitcoin back then, now that would be over 500k dollars.

I feel regret as well and I do not even have 1 bitcoin right now, so I do feel sad. But, I soon realized, it doesn't matter what the price of bitcoin is, I think it is obvious that we should not be considering the fact that its high or low, we just need to consider how much bitcoin we have, that is why ever since I realized this, I keep buying bitcoin as much as I can, sometimes more and sometimes less but I keep buying, I would buy from 60k if it happens when I have money, I would buy from 100k if it happens, all I care is having as much bitcoins as I can.

[magneto]

Bitcoin price is on an unbelievably ridiculous upswing, some of which are witnessing increases of more than 100% and rewards up to 30%.

Indulging in comments that talk about the price will reach one million dollars, the opportunity will be lost, the price will rise to infinity, which may give you instant happiness, it is not the way to manage your investment.

Some things to keep in mind:

    Avoid buying when the price continues to rise, crash will happen sooner or late.
    Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.
    Nothing rises to infinity.
    Avoid panic and emotions trading

If Bitcoin reaches the moon, we will not consider its USD value.

Always good to remind yourself this.

I don't expect this bull market to sustain forever, but in the short run with a market with such FOMO like currently there is no guarantees that people are going to act completely rationally.

Which is why I think as a long term holder, the best thing to do is exactly what you've done for the past few years - keep holding. Selling off now is a good strategy if you are a day trader, but if prices keep going up then psychologically you might feel inclined to buy back at a higher price, which is completely counterproductive.

I am buying BTC for the long term usage case as a hedge against fiat collapse, not to take advantage of price swings.

[Japinat]

    Nothing rises to infinity.

The truth, but also the danger. Because we all know nothing rises to infinity, we all think even $1 billion is realistic. And then $10 million is even more realistic, and $100000 is the surest thing.

But all these numbers are equally far away from infinity, is what our minds cannot grasp:)

Be safe not sorry, everyone!

$1 billion per BTC, I guess that's already unrealistic because the total money in the world is only in trillion.

Bitcoin could reach $1 million each but it would not reach into billion, it's impossible.

[chikading2016]

Bitcoin price is on an unbelievably ridiculous upswing, some of which are witnessing increases of more than 100% and rewards up to 30%.

Indulging in comments that talk about the price will reach one million dollars, the opportunity will be lost, the price will rise to infinity, which may give you instant happiness, it is not the way to manage your investment.

Some things to keep in mind:

    Avoid buying when the price continues to rise, crash will happen sooner or late.
    Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.
    Nothing rises to infinity.
    Avoid panic and emotions trading

If Bitcoin reaches the moon, we will not consider its USD value.

If the price will continue to rise it is a big risk to buy more, because we can posibly loss if the price will fall, just like what happen last year 2017 that was a bull run and a very quick falling of btc price occur and many investors loss on that, however if they manage to hold until now they can realy gain a very big profit on holding, that is why in crypto, we cannot really predict on when we can get the profit that is why patience is always a virtue on crypto.

[michellee]

Bitcoin price is on an unbelievably ridiculous upswing, some of which are witnessing increases of more than 100% and rewards up to 30%.

Indulging in comments that talk about the price will reach one million dollars, the opportunity will be lost, the price will rise to infinity, which may give you instant happiness, it is not the way to manage your investment.

Some things to keep in mind:

    Avoid buying when the price continues to rise, crash will happen sooner or late.
    Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.
    Nothing rises to infinity.
    Avoid panic and emotions trading

If Bitcoin reaches the moon, we will not consider its USD value.

If the price will continue to rise it is a big risk to buy more, because we can posibly loss if the price will fall, just like what happen last year 2017 that was a bull run and a very quick falling of btc price occur and many investors loss on that, however if they manage to hold until now they can realy gain a very big profit on holding, that is why in crypto, we cannot really predict on when we can get the profit that is why patience is always a virtue on crypto.

It will better if you move to the other coins, which have the potential to increase. That is what we should do if we see our target coin already rises so high. And if bitcoin continues to rise higher, the altcoin will have the potential to increase, so at that time, you need to research which coin that can increase later. But if you want to invest in bitcoin for a long term now, more than 5 years, you should not worry about the downtrend because that will be your best time to buy more bitcoin at a low price.

[Saisher]

Some things to keep in mind:

    Nothing rises to infinity.
   

People should always keep this in mind, there's always a shift and this is something every investors and traders should watch out to happen and prepare to make a necessary adjustment, do not have affinity to your portfolio always be ready to sell at the right time and buy at the right time, timing is very important, and will guaranty you profit.

[Fundamentals Of]

Sometimes people are simply blinded by Bitcoin's promise of wealth. Bitcoin does not directly give us wealth of course, but since its price is increasing so high in the past years, a lot of people are interpreting Bitcoin as a way to make wealth.

And it has indeed fulfilled that promise to a certain extent. It has indeed made a lot of Bitcoiners very wealthy to the point that some of them could have already joined the ranks of the world's wealthiest.

But it has to be realized that Bitcoin is not a money making tool. Sooner or later its price may fall or perhaps stabilize that our greedy price forecast is simply just a wild imagination. 

[slaman29]

Always good to remind yourself this.

I don't expect this bull market to sustain forever, but in the short run with a market with such FOMO like currently there is no guarantees that people are going to act completely rationally.

Which is why I think as a long term holder, the best thing to do is exactly what you've done for the past few years - keep holding. Selling off now is a good strategy if you are a day trader, but if prices keep going up then psychologically you might feel inclined to buy back at a higher price, which is completely counterproductive.

I am buying BTC for the long term usage case as a hedge against fiat collapse, not to take advantage of price swings.

I too wish we could enjoy this run forever, or at least I would like it to last all the way with an ATH near Christmas but yeah, we have to admit that a fair bit of fomo happened with elon musk especially, and that this means some of this could give away at any time.

Rational actions should be the LAST thing we expect from crypto:)

Long term holders like us at least if we miss the top, look forward to the next one, knowing we always see higher lows over longterm years:)

[Rana590]

Bitcoin price is on an unbelievably ridiculous upswing, some of which are witnessing increases of more than 100% and rewards up to 30%.

Indulging in comments that talk about the price will reach one million dollars, the opportunity will be lost, the price will rise to infinity, which may give you instant happiness, it is not the way to manage your investment.

Some things to keep in mind:

    Avoid buying when the price continues to rise, crash will happen sooner or late.
    Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.
    Nothing rises to infinity.
    Avoid panic and emotions trading

If Bitcoin reaches the moon, we will not consider its USD value.

But sometimes we should take risk if we are want to be profited. Without risk, we won't be able to do something different. Price is increasing and it can increase regularly. We can invest on bitcoin anytime and for this, we should believe in bitcoin strongly.

[wheelz1200]

Bitcoin price is on an unbelievably ridiculous upswing, some of which are witnessing increases of more than 100% and rewards up to 30%.

Indulging in comments that talk about the price will reach one million dollars, the opportunity will be lost, the price will rise to infinity, which may give you instant happiness, it is not the way to manage your investment.

Some things to keep in mind:

    Avoid buying when the price continues to rise, crash will happen sooner or late.
    Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.
    Nothing rises to infinity.
    Avoid panic and emotions trading

If Bitcoin reaches the moon, we will not consider its USD value.

That is true but nothing wrong with cost averaging in.  Instead of going all in with one lump if you cost average over time if it does drop you aren't getting in on the peak.  But it also allows you to gain if it does get up into 6 figure usd.  And yes always always diversify.  No point being all in on one asset or even one asset class.

[wxa7115]

Bitcoin price is on an unbelievably ridiculous upswing, some of which are witnessing increases of more than 100% and rewards up to 30%.

Indulging in comments that talk about the price will reach one million dollars, the opportunity will be lost, the price will rise to infinity, which may give you instant happiness, it is not the way to manage your investment.

Some things to keep in mind:

    Avoid buying when the price continues to rise, crash will happen sooner or late.
    Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.
    Nothing rises to infinity.
    Avoid panic and emotions trading

If Bitcoin reaches the moon, we will not consider its USD value.

I agree with your third and fourth points since it is impossible for something to raise forever and feeling panic is the first step to taking bad decisions, however I disagree with the first two points that you bring.

Buying when the price is raising is not bad as long as your money management skills are sound, you need to accumulate as many sats as possible ans sometimes this means buying when the price is up, and second if by diversifying your investment you mean investing in altcoins I will have to disagree since we know that most altcoins are heavily correlated to bitcoin so that offers no protection, but if you mean investing in gold and other assets you may have a point.

[DeathAngel]

We will see a big crash again, probably something like -70% from the ATH, whatever that ends up being. I can safely say that the top is not in yet though, we still have at least another 6 months of up. It is not a good idea to sell now. It’s a good idea to keep DCA’ing.

[arufox]

I will say the moon of Bitcoin has no limit, If you compare the price of Bitcoin when it created and now maybe you will agree with me.
What about in 2017, I will say still no limit, and proven today, we saw the price of Bitcoin is more than when in 2017, and the moon will keep moon, it just a matter of time

This is called investment, I think trader mindset will not understand

[tygeade]

I do not think that our moon has a proper limit that we should be worried about right now. In order for bitcoin to be as big as gold, it should be 500k dollars per bitcoin and we still have way to go there, between all the coins that are lost and all the coins that are not in the market, we could consider even a million dollars as a possibility. Sure that is a "limit" but I do not think that we should be worried about that at all. Even from the last peak we made a 3x increase this time around, who knows we won't be doing that again? Maybe we will be 180k? That doesn't sound too unlikely to me.

I have to be honest, when we reached 20k for the first time I sold all my coins, I assumed it was too much and wouldn't go higher and I thought I was super smart for selling then, I bought a bit more (not as much) when it dropped and considered myself a genius, now I look at it and say that 20k was nothing, we could be so much more.

[lienfaye]

The basic rule when investing is dont invest the money that is meant for important things. So if something happened unexpected its not going to hurt you bad since its a spare money that you can afford to lose. I always have a mindset like that after experiencing to lose my hard-earned money for blindy investing and thinking that I can certainly gain from it. Well, its not bad to be hopeful with your investment but lets face the reality of possible worse scenario.

Bitcoin might be showing significant growth currently but there's a possible chance for it to move downward, because like what op said it wont rise infinitely. Correction is inevitable and we should be prepared for it and be wise to handle such situation.

[cabron]

The basic rule when investing is dont invest the money that is meant for important things. So if something happened unexpected its not going to hurt you bad since its a spare money that you can afford to lose. I always have a mindset like that after experiencing to lose my hard-earned money for blindy investing and thinking that I can certainly gain from it. Well, its not bad to be hopeful with your investment but lets face the reality of possible worse scenario.

Bitcoin might be showing significant growth currently but there's a possible chance for it to move downward, because like what op said it wont rise infinitely. Correction is inevitable and we should be prepared for it and be wise to handle such situation.

Correction is indeed inevitable, the 2018 bear market is a devastating effect when you hold a coin for a very long time and it's going to be a big loss. I would definitely want to hold some USD when the time comes but for now, I wouldn't be trying to go for stablecoin yet.

There is the devaluation of USD that could go beyond loss by hanging on to it and I wouldn't be surprised that we are going to mars not just to the moon.