Bitcoin is a game of quantity

[Gozie51]

For other non-quality coins, you need to have more of it in order to feel that you have earned some decent profit because their supply is huge which can make their value less.

Are you sure of this? I think pricing of the coin is the reason here. You not comparing the price of bitcoin to altcoins . You can get loads of altcoins with just one btc so it is not exactly about the supply of the coin but the price. There are some coins that have lesser than 21m supply but they are not priced high like btc. So use of the coin does matter. So because you have large number of the coin reflects on the profit, bitcoin is not cheap but highly valuable because it is decentralised.

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[jossiel]

buying shouldn't be a focus of the fiat value but rather a focus of how many btc is available in your custody.

There's the connection of its fiat value and the quantity of bitcoin that you can get.

Whether you focus on the quantity that you're going to invest but your pocket is empty. You really have to wait until the price drops so that it's more affordable to you and you'll be getting more bitcoins.

To get the best of Bitcoin investment the focus of how many of this coin you are investing should be the major concern and not the fiat value thereof.

There's no difference on it because whether you want to take more, you still need to consider the price of bitcoin upon purchase. The lower the price, the more that you can get unless you don't mind that and you're the regular DCA guy and you'll do that until you're satisfied.

[lienfaye]

For example if you own 0.1btc whose value is $4042.79 at the moment of posting and the price eventually drops the panic shouldn't be the fallen price, it's best to sell at a lower high and buy back at a lower lows in all the concern should be to get more coin, taking advantage of the dip to buy more.

Thats true. We know the price can go up and down, buying a fraction and a goal of getting more is good for an investor.

Its best to not look at the price of your Bitcoin that you own but focus on buying more while the price is in dip. Keep on accumulating while you still can because in Bitcoin (or crypto in general), investors who own many has a high chance to be a huge gainer for not being complacent in just one.

[fiulpro]

What you described above is Dollar Cost Averaging, yes if you're use this strategy you should buy Bitcoin on whatever price based on which times you set before e.g. a day(s), week(s) etc. They're already trust in Bitcoin and only looking for the return in the long run. But we can't blame if people are looking based on fiat price or trends, they might a trader so they must know the price they bought and sold to know how much the profit/loss they made.

Though Bitcoin does really have bright future but don't forget to diversify your assets e.g. real estate, precious metal, gold etc.

Diversifying the assets might come with a lot of probelms as well there can be things you cannot see coming and it can very easily liquify.

- Real estate continues to be the asset if choice as well
- Precious metals are more likely to provide you with real term benefits considering where you live, some governments have high percentage of taxes on certain one's.
- I always find that education is the most important asset of all, one might be able to earn a lot more in the long run certainly, investment in yourself is always a (+) point

Then again bitcoins is a better off asset in any case, you should definitely hold a certain percentage of it, it's definitely going to be worth a lot more in the future. Trading) holding both are very good options.

[milewilda]

Bitcoin is an interesting phenomenon and often becomes trending in various social media, even almost every day there is news about Bitcoin in CNN, Bloomberg TV and so on, with a very large MarketCap of course people will continue to pay attention to Bitcoin and will enter if they feel there is a chance for Profit, decentralization is a very unique thing because it will make everything unexpected.

Decentralized
Anonymous
Actual utility in terms of payment
Investment possible profits

These are the most common traits on why it did really get soo much attention and support.
As for hoarding or accumulation then its understandable that people who are financially capable could always
be having the advantage which it isnt surprising.

[SaveOurSea]

Bitcoin is an interesting phenomenon and often becomes trending in various social media, even almost every day there is news about Bitcoin in CNN, Bloomberg TV and so on, with a very large MarketCap of course people will continue to pay attention to Bitcoin and will enter if they feel there is a chance for Profit, decentralization is a very unique thing because it will make everything unexpected.

Moreover, many large companies are also collaborating with cryptocurrencies, especially Bitcoin, thus making crypto more attractive.
for now it can be said that Bitcoin is already widely known by many people and is not foreign anymore,
with a market that is constantly moving, of course news about Bitcoin will always be there

[Flexystar]

I think you have misconceptualized other coins or assets which are under crypto space. Honestly the whole market in the crypto is about the quantity plus quality. Yes, the value rises proportionately if you have good hold on the number of coins in your pocket.

But its not like, its just applicable to the BTC only. In the long trade, all the coins are limited when they are first minted. Some of them are too less in circulation and liquidation while others are comparatively higher in number. However, at the end they are limited here and thus whoever holds the most coin will gain the opportunity to earn more profits out of it when the coin moves by little value in the bull market.

Unlike, stablecoins which has unlimited submission things are pretty different. They stay stable in value by overcoming the demand of market with unlimited supply.

[Xal0lex]

Unlike other general asset that depends on quality to quantify it's value, bitcoin makes more sense based on how many btc you have not just how much of it. The earlier investors come to appreciate bitcoin based on it's own personal value not based on it's fiat value the better for their investment skill. The goal when it comes to bitcoin investment should be focused more on owning more coin not even on what the price is in relation to fiat
-snip-

Long-term investors and large institutional investors are exactly what you wrote about. They are the ones who buy up all the coins, hoarding them, regardless of price or market conditions, buying for years, maybe even decades. They will never sell on a decline.

The main problem with novice investors is that they want to make a profit as quickly as possible. And if the market decides to go into a correction, they get scared of it and try to save at least a lot of their money. Many people have a speculative approach to the market, a trader's view, not an investor's. People don't want to learn, people want to make money, and preferably as quickly as possible.

[gantez]

As for hoarding or accumulation then its understandable that people who are financially capable could always
be having the advantage which it isnt surprising.

I know that decentralization is part of the reason bitcoin is moving fast as it is doing because people like freedom and breakout of the control of government through the fiat. I can't understand it though that coins can be hoard, whale may not be able to hoard but it can buy a large amount of coins and hodl it longer.

[awik p]

Unlike other general asset that depends on quality to quantify it's value, bitcoin makes more sense based on how many btc you have not just how much of it. The earlier investors come to appreciate bitcoin based on it's own personal value not based on it's fiat value the better for their investment skill. The goal when it comes to bitcoin investment should be focused more on owning more coin not even on what the price is in relation to fiat
-snip-

Long-term investors and large institutional investors are exactly what you wrote about. They are the ones who buy up all the coins, hoarding them, regardless of price or market conditions, buying for years, maybe even decades. They will never sell on a decline.

The main problem with novice investors is that they want to make a profit as quickly as possible. And if the market decides to go into a correction, they get scared of it and try to save at least a lot of their money. Many people have a speculative approach to the market, a trader's view, not an investor's. People don't want to learn, people want to make money, and preferably as quickly as possible.

on the other hand, the difference between those who make long investments is because they have set goals at the beginning and use free money, and are supported by strong psychology. In contrast to new investors today who use hot money to invest with the aim of doubling their money in the near term, from their point of view, a fragile psychology will be very detrimental in the crypto world, because high volatility will make the heart beat fast every time.

[TheUltraElite]

I know that decentralization is part of the reason bitcoin is moving fast as it is doing because people like freedom and breakout of the control of government through the fiat.

People will always remain under the control of the government, however they might fancy using bitcoin to break from the control, in the end they are always bound to the earth they live in and the government they live under. Use bitcoin, but dont keep that "government control" BS in you head, it is not necessary and it only brings in paranoia which can hurt your trading sentiments.

I can't understand it though that coins can be hoard, whale may not be able to hoard but it can buy a large amount of coins and hodl it longer.

Why will whales not be able to hoard? It is an easy thing to do once you have some idea about portfolio management and therefore whales do it regularly.

Bitcoin should be used for its advantages while taking care of its disadvantages with fiat, it should not be a cult like following in my opinion, otherwise the global acceptance will not increase.

[Sebas.tian]

Bitcoin is an interesting phenomenon and often becomes trending in various social media, even almost every day there is news about Bitcoin in CNN, Bloomberg TV and so on, with a very large MarketCap of course people will continue to pay attention to Bitcoin and will enter if they feel there is a chance for Profit, decentralization is a very unique thing because it will make everything unexpected.

Those companies has weakness positive impact from bitcoin that is attracting other companies to introduce bitcoin into their channel. Those channel has helped many bitcoin users to acquired more knowledge about bitcoin and how to use it to improve other businesses in the societies.
Many countries knew bitcoin through social media such as, CNN, Facebook, Twitter and telegram that gave the government to legalized bitcoin in the country to help their youths and to improve their economy in the country.  

[Xal0lex]

Unlike other general asset that depends on quality to quantify it's value, bitcoin makes more sense based on how many btc you have not just how much of it. The earlier investors come to appreciate bitcoin based on it's own personal value not based on it's fiat value the better for their investment skill. The goal when it comes to bitcoin investment should be focused more on owning more coin not even on what the price is in relation to fiat
-snip-

Long-term investors and large institutional investors are exactly what you wrote about. They are the ones who buy up all the coins, hoarding them, regardless of price or market conditions, buying for years, maybe even decades. They will never sell on a decline.

The main problem with novice investors is that they want to make a profit as quickly as possible. And if the market decides to go into a correction, they get scared of it and try to save at least a lot of their money. Many people have a speculative approach to the market, a trader's view, not an investor's. People don't want to learn, people want to make money, and preferably as quickly as possible.

on the other hand, the difference between those who make long investments is because they have set goals at the beginning and use free money, and are supported by strong psychology. In contrast to new investors today who use hot money to invest with the aim of doubling their money in the near term, from their point of view, a fragile psychology will be very detrimental in the crypto world, because high volatility will make the heart beat fast every time.

It can't always be beginners. There are many experienced users among speculators, too. But still, the investment strategy is always much more profitable and contains less risk than short-term speculation. With bitcoin, playing short-term speculation is very dangerous because bitcoin is very volatile. Have you noticed that the internet often calls bitcoin a high-risk asset? Mostly short-term investors call it that, because it is very hard to predict how bitcoin will behave in a short period of time. It can fall by 50%, and then easily grow back, all in a short period of time. Long-term investors, on the other hand, often refer to bitcoin as a low-risk investment.

[19Nov16]

Limited bitcoin stock and 1 BTC consisting of 100 million satoshi makes Bitcoin enough for human needs on earth currently amounting to 8 billion, of course 1 Satoshi will continue to be worth so that someday people will transact with satoshi units, and now more and more Countries that legalize Bitcoin so that I believe Bitcoin is a recognized payment standard.

[Rruchi man]

Analysing this topic from a critical aspect and OP's point of view, due to the limited supply of bitcoin (21 million coin limit), it will be wise to focus more on gaining numbers on the amount of btc you own while you still can easily than being affected by the fluctuating value. Very wise indeed!

In a long run, prolly when all bitcoins have been mined, the value of bitcoins then will be even more than what we can predict and i believe it will be more stable, the person who held on to getting more bitcoins and owns the most bitcoins, will hold the most valuable asset with the greatest value.

Its best to not look at the price of your Bitcoin that you own but focus on buying more while the price is in dip.

True,If you focus on the price of your bitcoins, you will be affected by emotions and will be moved to sell. Stick to the plan, acquire more while you can and hodl.

[darewaller]

Long-term investors and large institutional investors are exactly what you wrote about. They are the ones who buy up all the coins, hoarding them, regardless of price or market conditions, buying for years, maybe even decades. They will never sell on a decline.

The main problem with novice investors is that they want to make a profit as quickly as possible. And if the market decides to go into a correction, they get scared of it and try to save at least a lot of their money. Many people have a speculative approach to the market, a trader's view, not an investor's. People don't want to learn, people want to make money, and preferably as quickly as possible.

That could be terrible for you and me if we were to talk about fiat, because if they hoard fiat, then there won't be any fiat left and then governments print more and causes inflation. Here in crypto, they can hoard as many bitcoin as they can but there won't be any left, hence the last ones that are left will worth a lot.

It means that if they are spending so much money on buying as many as possible and not selling them, that means our bitcoin will worth a lot more thanks to them spending money. They are the ones who are spending billions, but we are the one that make the profit from it because our coins worth more thanks to their investments.

[LUCKMCFLY]

Sounds like an old gold bug strategy
It's a game of belief/faith as you think that the price will always go up, but be careful if something bad happens and the price dip below your tolerance level or if the price is pretty much swing at the same level for years, it will shake your belief like you've never experienced before (with Trump's accent).

There is a use case and pros/cons of bitcoin too, not just a faith, otherwise it would be another cult with no outcome. But while trading the faith part comes into play a lot more because there are newbie traders who get in at wrong price timings and they suffer for their mistakes.

While accumulating bitcoin at low prices is a good thing, it is equally important to sell at highs and recycle the money. Compared to stocks that give dividends, we dont sell them at high price but only buy.

While gold can be said to be accumulated similarly, these markets are different and they function in real life differently. But both are profitable if you know what you are doing.

You are right in what you say, it is for this reason that when some markets are compared with Bitcoin they do not have much relationship, that is, when an analysis of the BTC market is made with respect to gold, they do not have any correlation, when it is done a correlation of BTC with the stock market there is also no correlation that can be extracted.

But when a correlation is made with both markets, gold and the stock market, if there is a correlation, they are similar markets to each other but with many differences in terms of concept, but there is also another peculiarity, when a correlation of btc with gold is made and the stock market there is a correlation but in the very short term, this is something that shows that the btc represents money but its deflationary nature and that it obeys other economic principles makes it move away from these.

[xSkylarx]

Analysing this topic from a critical aspect and OP's point of view, due to the limited supply of bitcoin (21 million coin limit), it will be wise to focus more on gaining numbers on the amount of btc you own while you still can easily than being affected by the fluctuating value. Very wise indeed!

In a long run, prolly when all bitcoins have been mined, the value of bitcoins then will be even more than what we can predict and i believe it will be more stable, the person who held on to getting more bitcoins and owns the most bitcoins, will hold the most valuable asset with the greatest value.

Its best to not look at the price of your Bitcoin that you own but focus on buying more while the price is in dip.

True,If you focus on the price of your bitcoins, you will be affected by emotions and will be moved to sell. Stick to the plan, acquire more while you can and hodl.

Ohh I see now the greater picture, since when I read the topic I was only thinking that this applies to all, not only bitcoin. If you have a lot of property over time, the price will increase. So that makes me confused. When we say that when all bitcoins are mined the price will really stabilize, but prior to that, we know that the price will increase. That is the time when the most bitcoins in a person's wallet has the most value of all since the supply is not locked at 21 million.

[Doan9269]

To get the best of Bitcoin investment the focus of how many of this coin you are investing should be the major concern and not the fiat value thereof.

I disagree because the reason why many choose to invest on bitcoin is as result of weighing it value compared with fiat, if bitcoin value is found to be lesser than the fiat USD then it value begin the depreciate, what is the essence of keeping bulkiness of what has lesser value when thousands of commodity items could be an alternative asset to store of value. the main reason behind investing on any form of asset is to derive profit after you would have considered it value.

For example if you own 0.1btc whose value is $4042.79 at the moment of posting and the price eventually drops the panic shouldn't be the fallen price, it's best to sell at a lower high and buy back at a lower lows in all the concern should be to get more coin, taking advantage of the dip to buy more.

i agree with this but you have to understand that to understand that, speculating on price is not the major determinant to how valuable bitcoin is because of it volatility in nature. One can only invest in bitcoin as an asset because of the conviction that bitcoin will always maintain profitability with time despite the dip and rise, and you cant loose the entire investment you made but rather make profit over time.

[Moneyprism]

Limited bitcoin stock and 1 BTC consisting of 100 million satoshi makes Bitcoin enough for human needs on earth currently amounting to 8 billion, of course 1 Satoshi will continue to be worth so that someday people will transact with satoshi units, and now more and more Countries that legalize Bitcoin so that I believe Bitcoin is a recognized payment standard.

to become a payment standard that is approved by countries globally may be impossible,,, because most countries now have their own currency and they don't want their currency to be less popular than bitcoin