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Author Topic: I feel like there is no way to keep up  (Read 428 times)
yat97
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July 31, 2021, 08:55:18 PM
 #1

Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time... I'm no where close. If bitcoin reaches 100k or higher, it will be more than double the time, then, if it keeps going higher. lets say goes to 200k, then bear market back down to 100k. well unless I get a job that pays decent.. it seems impossible. I already spend literally everything I have leftover, aside from rent, utilities, food, etc. you know. Like. My main source of entertainment is just crypto news videos.

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe. same with the others. I mostly am just holding ADA, KSM, XMR, VET. If they can pump up at higher percentages, maybe, I can keep up with the average investor maybe.

Maybe I wont care if bitcoin keeps going up. Maybe one day just 0.02 btc or maybe 0.04 if I can put more in before the percentage of dollars to btc becomes so far off everything is negligible. maybe one day it wont matter if you cant own an entire coin. maybe 1mbt will be like what 1 whole bitcoin is today, or even just 1 satoshi will equal 1 dollar and I'll be a millionaire in that way. Or maybe my kids will be idk.
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July 31, 2021, 09:06:04 PM
 #2

Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time...

Would you mind sharing when you first started investing? I followed the same path as you, investing a small amount at a time according to the dollar-cost-average method.
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July 31, 2021, 09:14:25 PM
 #3

I legit dumped everything I had into it.
I already spend literally everything I have leftover, aside from rent, utilities, food, etc. you know. Like. My main source of entertainment is just crypto news videos.
One of the popular piece of advice is to only invest amounts that you can afford to lose; Going all into Bitcoin sounds very novel, with dreams of getting multiples of your investment, but there's a level of risk to it. Your risk could pay off in the long run, but as an investor, regulating your level of risk is very important.

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe.
Buying and holding  Bitcoin seems a better approach.

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July 31, 2021, 09:30:12 PM
 #4


Maybe I wont care if bitcoin keeps going up. Maybe one day just 0.02 btc or maybe 0.04 if I can put more in before the percentage of dollars to btc becomes so far off everything is negligible. maybe one day it wont matter if you cant own an entire coin. maybe 1mbt will be like what 1 whole bitcoin is today, or even just 1 satoshi will equal 1 dollar and I'll be a millionaire in that way. Or maybe my kids will be idk.
Maybe during the time of that days Bitcoin price regardless of high or low won't always be talked like something that hasn't happened before, I don't think at everytime the price meter of Bitcoin changes it should be a unexpected, I know many of investors -basically newbies- may run their investment in accordance or in-hand with the price of Bitcoin, this is basic inexperienced thing to do, if the knowledge is not there, so are their experienced investors who knows best about how anti-planing the price of Bitcoin can be.

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yat97
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July 31, 2021, 10:12:42 PM
 #5

Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time...

Would you mind sharing when you first started investing? I followed the same path as you, investing a small amount at a time according to the dollar-cost-average method.


I only started like late last year. I heard of bitcoin years prior but I didn't know it went up over time so I just thought "crypto currency" was internet money. Like, the dollar, it doens't really go up or down that much. (ik it kinda actually does but u get the point)

I feel so agro that I didn't get in way sooner. god... I feel like I'm buying the top. I'm just hoping in another few years it will go up and I'll not have thrown away my hard time/labor. I think it's going no where but up long term, but for how much higher idk. It turned into my "hedge against inflation" to a pipe dream of not being in poverty. That would be nice. not counting on that happening in my life time. I think my only goal is gonna be have a kid or two, and hope I did enough in saving/investing so that they wont have to grow up in poverty like I did.
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July 31, 2021, 11:00:31 PM
 #6

Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time...

Would you mind sharing when you first started investing? I followed the same path as you, investing a small amount at a time according to the dollar-cost-average method.


I only started like late last year. I heard of bitcoin years prior but I didn't know it went up over time so I just thought "crypto currency" was internet money. Like, the dollar, it doens't really go up or down that much. (ik it kinda actually does but u get the point)

I feel so agro that I didn't get in way sooner. god... I feel like I'm buying the top. I'm just hoping in another few years it will go up and I'll not have thrown away my hard time/labor. I think it's going no where but up long term, but for how much higher idk. It turned into my "hedge against inflation" to a pipe dream of not being in poverty. That would be nice. not counting on that happening in my life time. I think my only goal is gonna be have a kid or two, and hope I did enough in saving/investing so that they wont have to grow up in poverty like I did.

You don't need to feel that way, of course it's better if you have bought it the sooner, but think about it, those who bought early in the beginning of bitcoin dump it and now regretting for doing that. So in the next ten years, you don't want to be that person. Yes, everyone has a goal to get to at least 1 BTC, I know it's hard but you have to keep accumulating through the years. Just stacking sats like every month will do. So best of luck.

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July 31, 2021, 11:11:40 PM
 #7

You should also understand that the value of all currencies fluctuate.  You only notice the value of bitcoins changing because you’re viewing against a metric of a baseline currency i.e the USD.  If you had a chart that plotted the value of the dollar with bitcoin as the baseline, you would see those changes the same way.
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July 31, 2021, 11:18:07 PM
 #8

Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time...

Would you mind sharing when you first started investing? I followed the same path as you, investing a small amount at a time according to the dollar-cost-average method.


I only started like late last year. I heard of bitcoin years prior but I didn't know it went up over time so I just thought "crypto currency" was internet money. Like, the dollar, it doens't really go up or down that much. (ik it kinda actually does but u get the point)

I feel so agro that I didn't get in way sooner. god... I feel like I'm buying the top. I'm just hoping in another few years it will go up and I'll not have thrown away my hard time/labor. I think it's going no where but up long term, but for how much higher idk. It turned into my "hedge against inflation" to a pipe dream of not being in poverty. That would be nice. not counting on that happening in my life time. I think my only goal is gonna be have a kid or two, and hope I did enough in saving/investing so that they wont have to grow up in poverty like I did.

You can invest in other tangible assets also not only in crypto like real estate or jewelry. You can also slowly buy small pieces of gold jewelry, and you know for sure they have value in the market. If I may advise, don't go all in in crypto. Because we don't know the future here, though we are seeing positive vibes but one advanced technology and this may go obsolete. Who knows? So if you can also spend some in tangible assets, that for me is better and will give you peace of mind that if something goes wrong here, you still have something to turn to.

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August 01, 2021, 12:28:06 AM
Merited by pooya87 (1), BlackHatCoiner (1)
 #9

With bitcoin going up in price. To eventually own just 1 bitcoin.

This is an extreme goal.

There will never be more than 21 million bitcoins. This means that less than 21 million people in the world will be able to own 1 bitcoin. There just aren't enough of them to go around. There are over 7,900 million people in the world.  If you owned a full bitcoin, that'd put you well into the top 0.25% of the world's population.  When it comes to Bitcoin holdings, you'd be a 1-percenter and then some.

Even if only 1% of the world owned any bitcoin at all, owning a full bitcoin would still put you WAY above average. You'd have more than 75% of the bitcoin holders.


That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe. same with the others. I mostly am just holding ADA, KSM, XMR, VET. If they can pump up at higher percentages, maybe, I can keep up with the average investor maybe.

Gambling on altcoins seems risky.  The best way to end up with $100,000 worth of altcoins is to start with $200,000, and sell after you've lost half your money.

Maybe I wont care if bitcoin keeps going up. Maybe one day just 0.02 btc or maybe 0.04 if I can put more in before the percentage of dollars to btc becomes so far off everything is negligible. maybe one day it wont matter if you cant own an entire coin. maybe 1mbt will be like what 1 whole bitcoin is today, or even just 1 satoshi will equal 1 dollar and I'll be a millionaire in that way. Or maybe my kids will be idk.

Imagine that someday 1 Satoshi ( the smallest spendable unit of Bitcoin) is worth the same as 1 U.S. penny (the smallest spendable unit of U.S. dollar).  In that case, having 1 Bitcoin would make you a millionaire in U.S. Dollars. Having just 0.04 BTC would give you the same amount of spending power then as having 1 BTC gives you today (about $40,000 worth).
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August 01, 2021, 03:29:15 AM
 #10

Just keep on stacking how much you can afford. Don't put pressure to yourself. We are on this long term. Don't urge yourself to the point that you will risk money on a meme coin, for example, just so that your Bitcoin will increase. It might end up the other way around. Be careful with those altcoins.

If 1 BTC is too much of a goal then don't push it too hard that you might end up sacrificing your most basic needs. 1 BTC would be great but time will come even 0.02 or 0.04 BTC is only a dream.

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Bttzed03
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August 01, 2021, 03:59:06 AM
 #11

~ Like. My main source of entertainment is just crypto news videos.

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins.
I'm not going to question the altcoins you've already invested but maybe you should consider NFT gaming with play to earn feature as well. You could be a simple hodler if you want or support the ecosystem by becoming a player also. Use some of those earnings from the daily grind to accumulate more BTC or to pay up your bills.
AniviaBtc
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August 01, 2021, 06:21:32 AM
 #12

I legit dumped everything I had into it.
I already spend literally everything I have leftover, aside from rent, utilities, food, etc. you know. Like. My main source of entertainment is just crypto news videos.
One of the popular piece of advice is to only invest amounts that you can afford to lose; Going all into Bitcoin sounds very novel, with dreams of getting multiples of your investment, but there's a level of risk to it. Your risk could pay off in the long run, but as an investor, regulating your level of risk is very important.

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe.
Buying and holding  Bitcoin seems a better approach.

People are violating some of the rules before investing and it is sad to think that they are losing money due to ignorance.

It depends on how you value your money when you're investing because that will help you to secure your funds and at the same time deal with risks.

No matter how much you invest, money is not that easy to earn so be responsible when investing your funds.


ChrisPop
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August 01, 2021, 06:46:31 AM
 #13

Don't get trapped in the fallacy that you have to own 1 Bitcoin to be successful or to get rich or whatever. It is all about percentage gains of your net worth. If Bitcoin continues steadily marching upwards during the years you should have no worry whether you hold 0.01, 0.10 or 1 btc. Moreover you shouldn't focus on how much you own, but on doing the day-to-day activities that can get you to the place you want.
pooya87
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August 01, 2021, 06:58:29 AM
 #14

This is a common beginners mistake to be scared of the number of zeros in bitcoin price and run to shitcoins just because they have less zeros in their price but they forget that they don't have that many zeros (ie. have low prices) because they can't go up in value due to being useless, buggy, scam, have unlimited supply, ...

This is also why shitcoins don't rise in value, instead they only get pumps which are then followed by dumps. Take dogecoin that you mentioned, it had to be hyped up by Elon Musk  to get pumped for a while but it couldn't be sustained and got dumped shortly after.

virasog
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August 01, 2021, 07:16:04 AM
 #15

This is a common beginners mistake to be scared of the number of zeros in bitcoin price and run to shitcoins just because they have less zeros in their price but they forget that they don't have that many zeros (ie. have low prices) because they can't go up in value due to being useless, buggy, scam, have unlimited supply, ...

This is also why shitcoins don't rise in value, instead they only get pumps which are then followed by dumps. Take dogecoin that you mentioned, it had to be hyped up by Elon Musk  to get pumped for a while but it couldn't be sustained and got dumped shortly after.

All altcoin pump or dump based upon the news and none of the altcoin can be compared to the bitcoin. The institutes and big whales only invest in bitcoin , therefore investment in bitcoin is the safest among all the crypto. Investing in cheap altcoin does not grantee that it will go up. It can move even further down and go to zero.

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August 01, 2021, 07:28:43 AM
 #16

I'm not going to question the altcoins you've already invested but maybe you should consider NFT gaming with play to earn feature as well. You could be a simple hodler if you want or support the ecosystem by becoming a player also. Use some of those earnings from the daily grind to accumulate more BTC or to pay up your bills.
This might get the work done if and only if the equivalent value of his altcoins could afford an entire team/pets or character to start playing and to earn as well.

On the other hand, selling an altcoin for another nft token also entails a lot more risk of losing especially now that they are on an all time high including AXS or DPET. Perhaps, exchanging his alt to bitcoin when it reaches a decent price is pretty much better while continuously stacking monthly or even better daily.
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August 01, 2021, 07:48:04 AM
 #17

Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.
no one knows that is one thing that sure here , we don't know where to dump nor to pump.

Quote
But just thinking about how if it is the bear market for the supercycle.

.

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe. same with the others. I mostly am just holding ADA, KSM, XMR, VET. If they can pump up at higher percentages, maybe, I can keep up with the average investor maybe.


It's your coin , its your decision but never blame market or cry here once you failed in altcoin and bitcoin climbs to 100k this year because that is your risk to take from bitcoin to altcoin specially shitcoins.

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August 01, 2021, 08:09:02 AM
 #18

It's totally normal that you have problems on keeping up with this market. Because it's volatile in the end. We can observe any kind of movements anytime. We just make our investments and try to follow the market closely. Experienced traders know what to do better than the others of course. But even them can have big problems when the market changes very quickly.
experienced traders indeed has advantage over us , but there is no safe in this kind of market as they also making mistakes and not like us they are losing tons of money and harder to recover.
every profiteering has a losing status and no one is safe.
so let us decide rightful and readiness because any moment there might be changes and this will lead either for us to profit or us to decrease our funds.

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August 01, 2021, 08:49:49 AM
 #19

That's the thing: you don't need to own a full Bitcoin. That's just a dream so many people have but it's pretty unrealistic. Remember, you can own even 1 satoshi. Nobody forces you to own a full BTC to be considered a Bitcoin investor.

Yeah, the price goes up almost constantly every few years. That doesn't make it a "problem" to begin with - in fact, there's a very good side to it if every time you buy the price goes up, lol!
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August 01, 2021, 08:59:02 AM
 #20

It sounds like you're being hopeless but I want to tell you that it's too early for you to quit and give up. If you haven't reached your goal and desire yet, then you better try to strive more. Bitcoin is volatile and there will always be down moments of it but you should learn how to take advantage of every situation. It's not always about gaining profits but it also needs patience.

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