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Charcol
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You can't compare an investors and traders who focus is on making quicker profits by all means, it is very obvious is not certain that investing in Bitcoin can be guarantee of being successful in any year soon and yet investors don't give up in accumulating and buying aggressively, due to Bitcoin price can turn out fluctuate in a way of enriching the Bitcoin holders, that is why an investors don't need stop back from buying Bitcoin as regularly he can buy with discretionary income.
Look at the historical price movement of Bitcoin over the past fifteen years, it's a clear evidence that it's on the rise, and long term holders of it are the biggest benefactor, so even though nothing is guaranteed tomorrow, but we all can be confident that Bitcoin will keep on appreciating because it's no where near it peak price. So buying and accumulating it even though we are not certain of tomorrow is ideal, because it has already proven itself that it's one of the most reliable investment out there, that can make you rich if you can accumulate a huge stash of it and hold for a very long period of time, since it hasn't gotten to it peak potential yet. I think Bitcoin is an investment because of what it has done over the past 15 years. The fact that there are 21 million Bitcoins and the Halving events have helped the price of Bitcoin go up over time. From what I have seen just putting money into Bitcoin is not enough. You need to know about the market and how to manage risk. Bitcoin is like gold but its price can change a lot, which can be scary, for new investors. So people who invest in Bitcoin for a time using the Dollar Cost Averaging method are the ones who do the best. Now big companies are starting to invest in Bitcoin, which makes it even stronger. I believe Bitcoin is still very new and as technology gets better we will see its potential or what some people call Hyperbitcoinization. To do well with Bitcoin you need to be patient and have a plan. You can start investing in bitcoin if you have known the basic of bitcoin and also have your discretionary income available it's when you are buying that's how you will be knowing more about bitcoin investment, What is definitely needed at the beginning of investing is discretionary income. If someone has discretionary income, then the so-called lack of basic knowledge should not be an obstacle to starting investing. It is not necessary to know everything about the technical aspects of Bitcoin, custody, market cycles, and security at the beginning. If a new investor can set aside discretionary money after deducting expenses, then there is no obstacle to starting with small amounts. Because learning does not stop even after starting, but I think that if you actually buy little by little, both the interest in learning and experience increase. So I think it is realistic for beginners to first understand their capabilities, set aside necessary expenses, start saving Bitcoin even if it is a small amount, and then gradually get ready to manage their own security.
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ZeroVinsonN
Sr. Member
  

Activity: 504
Merit: 283
It takes a second for treasure to become trash
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Today at 05:20:24 AM |
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You can't compare an investors and traders who focus is on making quicker profits by all means, it is very obvious is not certain that investing in Bitcoin can be guarantee of being successful in any year soon and yet investors don't give up in accumulating and buying aggressively, due to Bitcoin price can turn out fluctuate in a way of enriching the Bitcoin holders, that is why an investors don't need stop back from buying Bitcoin as regularly he can buy with discretionary income.
Look at the historical price movement of Bitcoin over the past fifteen years, it's a clear evidence that it's on the rise, and long term holders of it are the biggest benefactor, so even though nothing is guaranteed tomorrow, but we all can be confident that Bitcoin will keep on appreciating because it's no where near it peak price. So buying and accumulating it even though we are not certain of tomorrow is ideal, because it has already proven itself that it's one of the most reliable investment out there, that can make you rich if you can accumulate a huge stash of it and hold for a very long period of time, since it hasn't gotten to it peak potential yet. I think Bitcoin is an investment because of what it has done over the past 15 years. The fact that there are 21 million Bitcoins and the Halving events have helped the price of Bitcoin go up over time. From what I have seen just putting money into Bitcoin is not enough. You need to know about the market and how to manage risk. Bitcoin is like gold but its price can change a lot, which can be scary, for new investors. So people who invest in Bitcoin for a time using the Dollar Cost Averaging method are the ones who do the best. Now big companies are starting to invest in Bitcoin, which makes it even stronger. I believe Bitcoin is still very new and as technology gets better we will see its potential or what some people call Hyperbitcoinization. To do well with Bitcoin you need to be patient and have a plan. 22 million and not 21 million and their entire 22 isn't in circulation yet so it's currently not even up to that yet, putting money into bitcoin is not enough, you have to make sure that the money you are putting in is coming from your discretionary income, if you don't and you just put in money from anywhere then you are setting yourself up for a disaster, and you don't need to know about the market that much before you can start investing, that's a traders thing to do, bitcoin might be called digital gold but it's really vastly different from gold and should not be ranked in together, the DCA strategy is amazing but don't disregard the other investment strategies, they all have their advantages too. Bitcoin reserves is a big thing now for alot of companies and even certain countries which is further proof of how trustworthy bitcoin has become over the decade and half in has been around.
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Sim_card
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22 million and not 21 million and their entire 22 isn't in circulation yet so it's currently not even up to that yet,
Bitcoin total supply is 21 million cap and not 22 million don't get it twisted. Only about 20.3 million bitcoin has been mined and it not all of the 20.3 million that's in circulation. It's lesser than that due to lost bitcoin from lost keys or other purposes. putting money into bitcoin is not enough, you have to make sure that the money you are putting in is coming from your discretionary income, if you don't and you just put in money from anywhere then you are setting yourself up for a disaster, and you don't need to know about the market that much before you can start investing, that's a traders thing to do, bitcoin might be called digital gold but it's really vastly different from gold and should not be ranked in together, the DCA strategy is amazing but don't disregard the other investment strategies, they all have their advantages too. Bitcoin reserves is a big thing now for alot of companies and even certain countries which is further proof of how trustworthy bitcoin has become over the decade and half in has been around.
However, your main concern should be accumulating bitcoin overtime based on your discretionary income by ongoing buying weekly through DCA and focus on reaching your bitcoin target because it's the quantity of bitcoin that you accumulate in future is what will determine your profits. Since, we wouldn't be alive to witness when they last bitcoin will be mined.
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Crytohillss
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Today at 06:57:49 AM |
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You can't compare an investors and traders who focus is on making quicker profits by all means, it is very obvious is not certain that investing in Bitcoin can be guarantee of being successful in any year soon and yet investors don't give up in accumulating and buying aggressively, due to Bitcoin price can turn out fluctuate in a way of enriching the Bitcoin holders, that is why an investors don't need stop back from buying Bitcoin as regularly he can buy with discretionary income.
So many persons think they need to become expert before embarking on Bitcoin investment, but in reality beginning little while studying along the way makes more sense, the key here is having enough discipline to separates necessities from discretionary income first once that is clear even little and consistent Bitcoin buys can help new investors build confidence and experience for a better understanding of the Market over time.
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UpTober
Member


Activity: 149
Merit: 82
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Today at 07:14:24 AM |
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Every investor will become rich if they can hold Bitcoin for a long time, the longer their Bitcoin holdings are, the more successful they will be in becoming rich. One cannot become rich by investing in Bitcoin if they cannot hold it for a long time.
The difference between Long term holding and long term accumulation is what some persons miss an investor consistently purchasing through DCA over the years is likely building a much solid position than some people who only made a one time buy and stopped there. At the end patience matters but the size and consistency of the investment matters a lot. But holding for long term only pays off if the amount accumulated is meaningful enough some holding a little amounts for 10 years may see growth, but that alone doesn't automatically make them wealthy. You have discussed long-term holding and long-term accumulation in a very practical and important way. Many people think that if they buy once and hold it for a long time, it is enough for them, but if they can accumulate regularly in different market cycles, then the investor's investment position becomes stronger. In my opinion, DC not only increases accumulation but this investment strategy also helps the investor in controlling his emotions very well and plays an important role in surviving in any situation. If a person maintains regular consistency even during fair markets and bear markets, then the tendency to hold on increases and even if the market changes suddenly negatively, he can hold on during that time, so buying regularly is always the right decision for the investor. What you said at the end seems realistic to me that wealth is not created only after the passage of time if the accumulated amount is very small. Long-term success usually depends on the combination of these three.
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Bright0515
Sr. Member
  

Activity: 798
Merit: 279
Focus on your sins, God won't ask you of mine.
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Today at 07:15:37 AM |
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Honestly, I regret not knowing about bitcoin earlier, but what can I do?
The most important thing is starting as soon as you can, regret can't change the fact that you didn't start early beside right now is not even too late to get started. Based on the history of Bitcoin, it has been increasing before and it will keep on increasing in the future (even though there's no certainty). There are still some people that are yet to get started but I believe they all realize the importance of Bitcoin and get started as soon as they can, no time is late to get started, gradually knowledge building while accumulating Bitcoin will definitely help you achieve a lot. Even in the past, there are people who definitely couldn't have access to the Internet and right now they do have access to the Internet, so they just get started immediately without wasting much time anymore. One simple truth is that if people keep on complaining, they will never learn and never get started, so it's better those who are feeling a little bit of regrets to stop feeling guilty and get started immediately because actions is what matters than complaining or let's say procrastinate. As for to get rewards toward Bitcoin investment, you literally need to be patient enough to hold and accumulate Bitcoin up to 10 or more years, even though you are not on a steady cash flow, so long as you are DCA'ing through your discretionary income, it's okay, but you really need to be more patient to accumulate and hodl. You don't even need to start big, many people are still lagging behind because they thought that they must have steady cash flow or big amount of money before they start, meanwhile it's wrong. You can actually start buying Bitcoin with small amount of money daily, weekly or monthly and still achieve some reasonable figures of Bitcoin on your portfolio.
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B2Z
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Sure. Even though a side business or a side income does not replace good financial management and/or keeping back up funds, it can surely provide extra funds in certain kinds of circumstances that the guy is able generate such funds by carrying out the duties /requirements to keep the second income source going.
A site income will definitely provide good financial support to a person, but that does not mean that just because a person has good financial support, that financial support will act like an emergency fund. When a person has multiple sources of income, it is considered as his income but it is not considered as his emergency fund. If the income is high, then investors will generally want to spend more and live a luxurious life, which will cost more money and when he needs it, he may not have the necessary money. If we discuss the same issue from the investor's point of view, then the issue will be that a person has multiple sources of income and he is continuously investing but that person does not have any emergency fund and at one stage of continuing the investment, that investor suddenly has a financial need and he uses the amount of money he had at that time and he needs more money to meet that need, but due to lack of additional funds, he may have to decide to sell his investment. However, if he had an emergency fund, he would not have had to worry about this, but rather he could have used the money from the emergency fund to overcome his danger and his investment would have been safe. So it is true that having multiple sources of income is not actually an alternative to an emergency fund. Even though history does not guarantee future results, in bitcoin it has been that the longer a person has been in it and buying it, then the greater his level of profits, which surely relates to both a upwardly sloped price curve, but also relates to a price curve that had been decreasing in the intensity of its price slope.
At the same time, the fundamentals suggest that BTC's price curve is going to continue to slope upwardly, even though ongoingly we are getting more and more attacks on bitcoin and bitcoiners, including pushing of various bitcoin paper products... while at the same time, a great amount of the power of bitcoin comes from its ability to privately hold and to privately transact without any third party intermediaries.
Yesterday I read a report where it was said that the share price of no other major company has increased as much as the price of Bitcoin has increased in the last 10 years. Perhaps some major companies have been compared to Bitcoin and one of the differences is that gold and the price of gold has increased much less than Bitcoin. Yes, past records will never guarantee future profits, but we should all learn from the past. History has proven time and again that only those who are able to be patient and consistent in the long term have succeeded. In many cases, investors behave in such a way that investors only focus on the price but they never want to see that despite all the challenges, despite all the ups and downs in the market, Bitcoin is still very strong and this can be a big reason for investing in Bitcoin, especially for those who are looking for reasons why they should invest in Bitcoin. You have made a very important discussion here and I think investors should know that in order to maintain their investment, they should not take the help of a third party but should make their own decisions. If we invest in Bitcoin through another institution or another third party, it will not be a place of complacency for the investor.
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Princess Leah
Sr. Member
  

Activity: 826
Merit: 294
Recognized among the best crypto casino options.
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Today at 07:26:41 AM |
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Yes, no one knows what will happen in the future, but by looking at the track record of bitcoin since its creation until now, I think it is more than enough to tell us that this is a valuable asset that will continue to increase in value. Honestly, I regret not knowing about bitcoin earlier, but what can I do? Previously, I did not have access to connect to the internet more often, so my insight was limited. But continuing to deal with regret will only delay a lot of time. It is best to start as soon as possible.
That's why I noted in my last statement that No one knows the future, however if the demand for Bitcoin keeps increasing with little supplies then we can hope that it would continue to be very valuable on the long run, I can't tell how valuable it would be in the near future but can only hope that it increases more than the recent ATH. It's normal to regret when a big opportunity is missed but there's still hope cause the value of Bitcoin is still at the early stage and you should channel your regrets into accumulating consistently now that Bitcoin is still in this early phase so you won't regret when it must have attained $200k or beyond.
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B-BossMan
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Every investor will become rich if they can hold Bitcoin for a long time, the longer their Bitcoin holdings are, the more successful they will be in becoming rich. One cannot become rich by investing in Bitcoin if they cannot hold it for a long time.
The difference between Long term holding and long term accumulation is what some persons miss an investor consistently purchasing through DCA over the years is likely building a much solid position than some people who only made a one time buy and stopped there. At the end patience matters but the size and consistency of the investment matters a lot. But holding for long term only pays off if the amount accumulated is meaningful enough some holding a little amounts for 10 years may see growth, but that alone doesn't automatically make them wealthy. Most people do not have lump sum amounts that they can put into bitcoin and then just sit on the lump sum. Another thing is that normal people tend to have an ongoing income and various funds ongoingly coming in... so there tends to be some value to just ongoingly buying bitcoin rather than just front loading and sitting on the amount, since the front loaded amount will not tend to be enough.. I have a personal preference for the idea of ongoing investing and figuring out amounts that are sufficiently ongoingly aggressive and ongoingly building the size of the bitcoin holdings. And, surely each of us can assess our progress to figure out the extent to which we might start to accumulate enough or more than enough bitcoin that might cause us to change the ways (and/or times) that we ongoingly accumulate bitcoin. It is not necessarily going to be a clear picture regarding when we have enough or more than enough bitcoin or the extent to which buying aggressively might continue to be justified after we might have had already been spending one or two cycles fairly aggressively accumulating bitcoin. Nice perspectives, because most people today truly doesn't have a large lump sum available to invest into bitcoin at once, so.e folks are average earners so thier income usually comes in gradually through salaries or business profits and side hustles also, with this nature of earners it often make more sense to accumulate Bitcoin steadily over time instead of lump-sum at once into investment. That is why it's always advisable for some folks to uses the DCA strategy, because it remains one of the most practical approaches for bitcoin long-term accumulation. Buying or stacking bitcoin gradually and consistently irrespective of the price or market conditions at that moment and it builds one's confidence and patience over a period of time. However, another relevant key point in which some folks need to understand is that one's accumulation should match thier financial reality. So a readily discretionary income should be investing consistently and even aggressively when possible,but only invest with amounts of money you can afford to lose or leave untouched for several years. Moreover bitcoin accumulation is actually gradual process, not something one should think of overnight, as such patience, consistency and staying involved long enough to benefit from long-term bitcoin growth.
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Nheer
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Provided you managed to keep with investing from your discretionary income in the amount you can afford to risk for a long timeframe, hodling till maturity then you can be guaranteed of selling in much profit. Most of the people do it wrongly and turn about to blame Bitcoin for been a risky nome profitable asset.
Your statement is wrong and misleading, you make investing look Iike it guarantees profit when you invest using discretionary income and hold for a long period of time but meanwhile it doesn't. Even by doing everything right and Investing properly as you should doesn't guarantee anything, even holding for a long period of time doesn't guarantee profits so you should understand that and stop misleading people here. No investment can guarantee profit not even Bitcoin. Bitcoin is always volatile so future market conditions will always change. Investing rightly only increase the chances but never guarantees profit.
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Charcol
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Sure. Even though a side business or a side income does not replace good financial management and/or keeping back up funds, it can surely provide extra funds in certain kinds of circumstances that the guy is able generate such funds by carrying out the duties /requirements to keep the second income source going.
A site income will definitely provide good financial support to a person, but that does not mean that just because a person has good financial support, that financial support will act like an emergency fund. When a person has multiple sources of income, it is considered as his income but it is not considered as his emergency fund. @B2Z You probably don't understand the point @JJG is making. @JJG never said that side income or multiple sources of income are alternatives to an emergency fund. Rather, @JJG said that side income cannot replace good financial management and a backup fund, but in some situations it can create an additional cash flow that helps build an emergency fund, manage debt, or increase bitcoin savings. Even I agree with @JJG.
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GhostOfBitcoin
Newbie
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Activity: 28
Merit: 4
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Today at 09:46:36 AM Last edit: Today at 09:59:38 AM by GhostOfBitcoin |
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[edited out]
-snip- If you look at what happened in the past people who held onto Bitcoin for more than 4 or 5 years usually made money. Even though history does not guarantee future results, in bitcoin it has been that the longer a person has been in it and buying it, then the greater his level of profits, which surely relates to both a upwardly sloped price curve, but also relates to a price curve that had been decreasing in the intensity of its price slope.-snip- I have learned a lot from my experience with Bitcoin. At first the price of Bitcoin was really over the place.. Over time Bitcoin has become more stable. The price of Bitcoin is not going up fast as it used to and that is a good sign. It means that the market for Bitcoin is getting mature and more people are investing in Bitcoin. What I think makes Bitcoin really powerful is being able to hold Bitcoin and trade Bitcoin myself. I do not need anyone to help me with Bitcoin. When I have Bitcoin in my wallet I feel like I am in control of my money. I can. Sell Bitcoin whenever I want to. Some people are trying to hurt Bitcoin. Bitcoin is still doing well. Bitcoin is based on math. It is not controlled by any one person or group. Long as Bitcoin stays true to its idea I think Bitcoin will always be successful. The idea of Bitcoin is that people can make transactions with each other directly without needing a middleman. That is what makes the future of Bitcoin look so good. I think Bitcoin is going to be great because people can use Bitcoin to make transactions with each other and that is what Bitcoin is, about. Bitcoin is a volatile digital asset that is without investment risk and that what makes it look not guaranteed since you can lose or make profit with it but the disposition for profit making is higher with a long term investment plan running in about 6-10 years than loss aspects which is commonly experienced with short time investors alias traders. -snip-
Those who panic and buy and sell after seeing the daily price chart end up losing money. The only way to succeed in a volatile asset like Bitcoin is to follow the DCA (Dollar-Cost Averaging) strategy. I don't take out any loans or borrowed money, I just invest regularly from my extra or disposable income. This way, there is no stress due to market fluctuations. If you don't consider Bitcoin a short-term gamble and leave it in a cold wallet for 5-10 years, then based on historical data, there is almost no chance of loss. Patience is what brings profit here.
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Abbatty
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Today at 09:58:28 AM |
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Yes, no one knows what will happen in the future, but by looking at the track record of bitcoin since its creation until now, I think it is more than enough to tell us that this is a valuable asset that will continue to increase in value. Honestly, I regret not knowing about bitcoin earlier, but what can I do? Previously, I did not have access to connect to the internet more often, so my insight was limited. But continuing to deal with regret will only delay a lot of time. It is best to start as soon as possible.
There is no regret in something you don’t know, the big regret will be know that you know and you still haven’t begin your investment journey. From what you said it seems you’ve started your bitcoin investment which is exactly the best thing to do, it means you value your future and that exactly what bitcoin investment is all about, making financial plans for your future. Still have it in mind that bitcoin investment doesn’t guarantee profit but then just like you said there is a high tendency of profit making if you can hold for a long period of time. That is why it is advisable to use your discretionary income, with that you will have this peace of mind. Investing in bitcoin should be prioritize as an insurance for your future and not making quick profit.
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Joeboy
Sr. Member
  
Online
Activity: 378
Merit: 258
Not Your Keyz Not Your Coinz
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Today at 11:15:04 AM |
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~snip...
Sure. Even though a side business or a side income does not replace good financial management and/or keeping back up funds, it can surely provide extra funds in certain kinds of circumstances that the guy is able generate such funds by carrying out the duties /requirements to keep the second income source going. Surely, building emergency/or backup funds doesn't have to replace or go against having side income, since it could very well compliment it... And so having other source of income is very valuable to one's investment since it very well makes it possible for folks to have more discretionary income which could very well help reduce the over-depence on just one stream... About having multiple sources of income, majority of folks tend to neglect the fact that a varied sources of income also depend on the functionality of certain conditions... That is to say, A side business still requires things like say a person's time, efforts, good health and whatnot, for it to keep producing that income in an effective way... And there are times when folks may not be at their best capacity either mentally, or physically to continue operating their other sources of income at full or required capacity...
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Cossyblack
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Today at 12:20:03 PM |
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So many persons think they need to become expert before embarking on Bitcoin investment, but in reality beginning little while studying along the way makes more sense, the key here is having enough discipline to separates necessities from discretionary income first once that is clear even little and consistent Bitcoin buys can help new investors build confidence and experience for a better understanding of the Market over time.
That's where they get it wrong. no one need to know everything about bitcoin before investing, that's misleading. Bitcoin is still much in his early stage they should start investing rather than trying gain complet knowledge of bitcoin becaused that will much delay them from accumulating bitcoin.. If they continue chasing knowledge they might even not invest in bitcoin, chasing after complete knowledge is a waste of time because it can't be feasible. an investor should focus on investing in bitcoin consistently with discretionary income and hold over the long term, as he invest he will gradually gain more knowledge about bitcoin.
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Rockstarguy
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Today at 12:41:31 PM |
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It is not possible to predict what the price of Bitcoin will be in the future. Therefore, it is best not to depend on price predictions in our investment. Our investment should depend on our income and financial situation. Where as if we invest systematically according to proper planning, there will be no need for price prediction and market timing. And we should not create a mindset by mixing Bitcoin with all types of assets. Bitcoin is an asset whose price is very volatile, but has the potential for good profit in the long term. Therefore, it is important to focus on long term DCA without relying on price predictions in the beginning and not focusing too much on hold and sell.
Reasons why you dont need to predict the price of Bitcoin. *Bitcoin is unpredicted. *when you hsve it in mind to predict the price of Bitcoin, their is high chances of selling at anytime. Predicting the price of Bitcoin have nothing to do with investing bitcoin. The idea to invest Bitcoin is longterm and when you try to involve predictions it automatically becomes something else that is different from investing bitcoin. The reason why most people feel giving a timing in bitcoin investment is because they dont really understand the market, with a mindset like this it affects every attempt to invest Bitcoin because going into bitcoin you have to get the right understanding first of what bitcoin is all about(longterm, volatile and unpredicted), with right understanding one will be able to hodl Bitcoin for a long time.
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New Judgement
Member


Activity: 102
Merit: 31
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Today at 01:11:57 PM |
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The only way to succeed in a volatile asset like Bitcoin is to follow the DCA (Dollar-Cost Averaging) strategy. I don't take out any loans or borrowed money, I just invest regularly from my extra or disposable income. This way, there is no stress due to market fluctuations.
The dca strategy is a good method of accumulating bitcoin, but let’s be honest with ourselves it is not the only way to succeed in bitcoin investment. I find this your statement to be untrue, and totally false. The dca method is the most convenient method of investing in bitcoin, but saying is the only method of succeeding in bitcoin investment is where I disagree with you.
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Odohu
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Today at 01:33:50 PM |
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It’s true that no investment instrument can truly guarantee future profits, it’s all just speculation, because after all, none of us can see into the future. However, it must be acknowledged that Bitcoin is an asset with tremendous potential, which is why many people are treating it as a long-term investment. Furthermore, using discretionary funds for investing serves as a form of protection, in other words, if you incur a loss, you won’t be too stressed because you’re using funds you can afford to lose.
Anyone who make any invest must consider the risk factor as there is no investment without it. It is in averting this risk or minimizing it that long term investment is recommended for Bitcoin because the longer you hold Bitcoin, the higher your chances of it making gains as supported by historic data. Based on this statement, I don't see it appropriate to admonish people to invest what they can afford to lose as that make Bitcoin investment sound so much like gambling. No one who invest in Bitcoin and held for long have lost money because Bitcoin have generously rewarded holders more than most investment instrument. Therefore, as long as the investment is made with discretionary income which can be held for many years, the risk of losing everything is greatly minimized if not erased.
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IjawMan
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Today at 02:09:03 PM |
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There's a clear difference. Bitcoin is a digital asset, while gold is a physical asset, but both are hedges. You've correctly stated that one difference is that Bitcoin is limited, while gold is the opposite. Bitcoin has very high volatility and is also riskier than gold. However, in terms of profit potential, Bitcoin can be more significant, especially if accumulated over the long term. Everyone has their own preferences, depending on their readiness to address and face the risks. This isn't something to compare, as both have their own advantages and disadvantages.
Yeah, but we are talking about bitcoin here, and not gold, and more specifically, we are talking about my ideas related to bitcoin, which largely I suggest that we do not need to be fucking around with gold, unless we might have some specific personal reasons for doing it, besides the reason pumpening of gold... and sure, maybe there might be some reason to keep up to 10% of the size of your bitcoin holdings in gold, though I have my doubts about the value of that level of gold holdings, instead of maintaining focus on bitcoin. The diversion was not really called for since the discussion is anchored on Bitcoin and how to make a successful investment in profit from it. Gold is expensive to procure compared to Bitcoin and the idea of Bitcoin as digital gold has been the much reason why people want to always compare gold to Bitcoin in every little investment discussions as this. For it divisibility, simplicity, storage and long term perspective I'll go for Bitcoin investment as one better modern investment idea over gold on a long term run.
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Merit.s
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Today at 02:11:41 PM |
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What I think makes Bitcoin really powerful is being able to hold Bitcoin and trade Bitcoin myself. I do not need anyone to help me with Bitcoin. When I have Bitcoin in my wallet I feel like I am in control of my money. I can. Sell Bitcoin whenever I want to.
The decentralized nature of bitcoin and censorship resistance makes it unique and powerful. Bitcoin price increases exponentially overtime which makes it the best investment to throw some value into in this current time. Of course, being into total control of your bitcoin is another unique feature. The good part of it is its limited supply and the halving which triggers the price to create a new ATH in every four years. This is why those who have discretionary income should invest with DCA and hodli for a long time while, they continue building their portfolio overtime till they reach their bitcoin target without selling a dime.
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