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Author Topic: I feel happy  (Read 483 times)
Solokan (OP)
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January 16, 2023, 01:58:00 PM
Merited by fillippone (2)
 #1

I am a 47 year old person, about 10 days ago I created a topic, namely: can a 47 year old person invest in bitcoin?

and today i feel happy because i look at the market and when i see the price of bitcoin it turns out that there is a good increase in price. and at that time I bought it at a price range of 17000 and now I see a price range of 20000.
and I feel happy because I haven't look at the market in a long time, suddenly the price of bitcoin has gone up, and the most meritorious thing that made me invest is because of my friends in this forum who give me encouragement and support.

and I want to thank you all.

and at the same time I have advice for people who are the same age as me or older than me, don't give up investing because of age, because age is God's secret.

  bitcointalk.org is a good and useful discussion forum.

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January 16, 2023, 02:02:04 PM
 #2

You are happy and at the same time I see that you are a bit short-sighted. When the next price drop comes, will you be sad? I recommend you to look further, much further, to one, two, three cycles from now. With bitcoin becoming scarcer and scarcer, with more and more adoption and therefore more and more demand.

I am indifferent to the price these days. I prefer it to go up, but volatility is inherent to bitcoin and we will continue to see many ups and downs over the years.

Think also about the properties that make it unique, instead of worrying so much about whether it goes up or down a bit.

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January 16, 2023, 02:10:11 PM
 #3

and I feel happy because I haven't been investing for a long time, suddenly the price of bitcoin has gone up

I can clearly say that I am happy for you. Well, I am also happy to see the trend looks good again. It's a nice feeling, but I am also a bit wary because we're not out of the danger zone yet.
What I want to say is that you should not care so much about this small and short movements. Look on long term charts. The price can continue to go up or can go down again (and can even become scarily low, depending on the price one bought), but that doesn't mean we have to be overly affected by these movements. Again, it's only a couple of days of moving up; that's not much, not yet.
So: keep your cool, don't be neither overly confident, nor depressed by the price movements. Or at least don't take financial decision based on such short-time movements Wink

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Solokan (OP)
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January 16, 2023, 02:19:09 PM
 #4

You are happy and at the same time I see that you are a bit short-sighted. When the next price drop comes, will you be sad? I recommend you to look further, much further, to one, two, three cycles from now. With bitcoin becoming scarcer and scarcer, with more and more adoption and therefore more and more demand.

I am indifferent to the price these days. I prefer it to go up, but volatility is inherent to bitcoin and we will continue to see many ups and downs over the years.

Think also about the properties that make it unique, instead of worrying so much about whether it goes up or down a bit.

thanks for the advice friends,, but I personally don't really think about the price because I invest for the long term, and I express that I am happy because I see the price. and indeed the nature of bitcoin is fluctuating,

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January 16, 2023, 03:08:17 PM
 #5

thanks for the advice friends,, but I personally don't really think about the price because I invest for the long term, and I express that I am happy because I see the price. and indeed the nature of bitcoin is fluctuating,

Precisely because you are a beginner when investing in bitcoin, you will be disappointed when the price of BTC goes down. You simply will not be able to abstract from the market and every day you will recalculate your losses and think that you could buy bitcoin much cheaper than you did earlier. I wonder if you have set a goal for yourself, at which price you are ready to sell your BTC?

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BitcoinPanther
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January 16, 2023, 03:26:23 PM
 #6

I am glad you appreciate the price fluctuation of Bitcoin, this is just the beginning, you will be in awe after a year or two when the halving commence and the hype of Bitcoin market starts to pile up.  You might find yourself in a surprise that the current surge of Bitcoin will be not in compare when it really surge to break ATH.  But of course you should also be aware that Bitcoin fluctuation does not only include the ups, it won't be called fluctuation if it don't go down.  So better fasten your seat belt and enjoy the upcoming rollercoaster ride of Bitcoin price trends.
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January 16, 2023, 03:39:56 PM
 #7

thanks for the advice friends,, but I personally don't really think about the price because I invest for the long term, and I express that I am happy because I see the price. and indeed the nature of bitcoin is fluctuating,
Such emotions are perfectly normal when investing. It is difficult to resist the urge to check the price and to not feel excited or dismayed when the price goes up and comes down respectively.

With more roller coaster of emotions, you will eventually begin to feel more disinterested in what takes place in the price from day to day and instead focus on more long term goals.

AT 47, there is still so much to look forward to and I hope you investments can make you a bit more secure as you enter that new phase of life.

- Jay -

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January 16, 2023, 04:00:13 PM
 #8

OP, I'll touch on your age again for a minute. Why does he bother you so much, and why do you talk about him on every topic? How old is the current president of America? Have you thought about the age difference? For him, you are still a snotty kid.
But on the topic, to really enjoy your investment, forget about checking the price of Bitcoin for a while. Set a goal for how long you are willing to part with your money by investing in bitcoin and at what price you will be satisfied with the profit. While sticking to regular investments despite the price, you also need to understand that this time should be two to three years or more, a time when you can receive benefits that will be many times greater than your joy today.

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January 16, 2023, 04:06:05 PM
 #9

For those that have invested this year, they would have seen by now why bitcoin is profitable and no further lesson is expected than having the experience by themselves, this is just a little stir and the major isn't yet occuring, wait till the bullrun begins and hodl, this is the major targets investors has with bitcoin, but i can assure you if you continue to hodl there are better days ahead, this is one of the best decisions one could make for himself than depositing in fiat.
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January 16, 2023, 04:48:10 PM
 #10

For those that have invested this year, they would have seen by now why bitcoin is profitable and no further lesson is expected than having the experience by themselves, this is just a little stir and the major isn't yet occuring, wait till the bullrun begins and hodl, this is the major targets investors has with bitcoin.
Its not only this year. How about those earlier, probably they are still grateful on bitcoin despite of its low price right now. I think that OP is overwhelmed with the gains he made. Its not again, about the age but the ability to invest in such coins without budging. I do hope the market continue to recover and ease the pain of some of our retailers.

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January 16, 2023, 05:11:24 PM
 #11

and today i feel happy because i look at the market and when i see the price of bitcoin it turns out that there is a good increase in price. and at that time I bought it at a price range of 17000 and now I see a price range of 20000.

in some cases, it can be called beginner's luck. it is certainly a good thing for you to personally feel the positive benefit of the increase in the value of bitcoin.
now is the time to think about further moves. You can hold it for a long time, and probably expect a higher price (which will almost certainly happen at some point) or you can close positions and take (or reinvest) only profit.
it's your investment, but don't be too emotional to get attached to any asset, if you think it's a good opportunity, sell/buy...

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January 16, 2023, 05:58:01 PM
 #12

I am a 47 year old person, about 10 days ago I created a topic, namely: can a 47 year old person invest in bitcoin?
Yes, I remember reading your thread. Ride on your tenacity.

Quote
and at the same time I have advice for people who are the same age as me or older than me, don't give up investing because of age, because age is God's secret.
Not to burst your bubbles or dampen your spirit but I hate to tell you that what you just experienced could've turned the other way with losses. Don't get carried away with your first win. Crypto is a crazy and unpredictable industry.. I hope you won't take it out on your friend or whoever that introduced you to this forum when the loss comes; for it will surely come. To even state my opinion, I don't think we're in the bull season yet. For all I know, this could even be a bull trap.

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January 16, 2023, 06:40:26 PM
 #13

If price increases make you happy, a drop in price will make you sad. Even after 7 years in Bitcoin, it still gets to be once in a while.
But then I remember that HODLing paid off so far and I'll keep doing it.

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January 16, 2023, 06:43:38 PM
 #14

You should also feel lucky, because most people I know enter with an immediate unrealized loss. Nobody expected a ~15% increase in price (probably due to inflation going better than expected in the USA), but here we are in crazy Bitcoin land.

If that made you happy, hold on for a decade, and you'll be the happiest person alive.  Tongue

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January 16, 2023, 06:44:56 PM
 #15

Great news! Your investment did well! I'm happy for you. It's not always easy to invest, but it's good to have a supportive community to share our thoughts and ideas. But, sometimes, our investments don't do as well as we'd hoped. Many times they even lose money. Well, it's important to remember that investing is part art and part science. There are some things we can control and some things that are out of our hands.

Good luck with your investments!

R


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January 16, 2023, 06:47:46 PM
 #16

you are off to a great start with your first Bitcoin holdings. but you probably already know, the situation might be different when the market is trending down. will you still look happy even though your assets have decreased, or maybe you can just walk out of the market with distrust of Bitcoin? that's the response mostly made by some who are new to the market. but you are lucky because you saw the pump at the beginning of your investment. keep your health.

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Issa56
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January 16, 2023, 07:10:26 PM
 #17

Congrat to you, I saw the last thread you created and am happy you listened to people's advice. The market have been green recently, Bitcoin is currently in $21k, am sure you are currently in profit already, but in crypto anything is possible, don't expect market to be in your favor always, incase if market goes against you, don't be discouraged you should use the opportunity to accumulate more bitcoin if you are having money that you won't be using for that moment.

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JoyMarsha
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January 16, 2023, 08:37:54 PM
 #18

That's how the market is. Sometimes it turns greener after a long period of a bearish market to make you forget when the market is bad. It is a good thing that the market is returning to normal at the price it was before the FXT exchange commotion but don't be over-excited about the price increase cos we don't know whether it struck back to its previous price of $17k or not. The best thing for you to do at this time is not to focus on the price of bitcoin since you have a long-term investment plan

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drwhobox
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- hello doctor who box


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January 16, 2023, 08:58:14 PM
 #19

Happy for you dear, yes age is just a number for bitcoin investment. Also, you are only 47 now, I don't see anything that will block you from enjoying that huge return after a long term investment. I am confident when I say huge return for a long term investment.

Such emotions are perfectly normal when investing. It is difficult to resist the urge to check the price and to not feel excited or dismayed when the price goes up and comes down respectively.

OP has no intention to check the price and get emotional, he is not in his twenties, he is a grown man enjoying the last years of his forties. When a grown man like him say anything they mean it.
Sandra_hakeem
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Goodnight, ohh Leo!!! 🦅


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January 16, 2023, 10:52:21 PM
Merited by The Sceptical Chymist (4), irhact (3), Die_empty (2), Majestic-milf (1)
 #20

.....today i feel happy because i look at the market and when i see the price of bitcoin it turns out that there is a good increase in price. and at that time I bought it at a price range of 17000 and now I see a price range of 20000.
...and it suddenly triggered you in ecstasy? Hmmm...Well, it's fine to be happy for such a little ( to me cus it fell from its peak), or big difference between the actual price and the current one... I ain't wishing you bad dear, but Don't forget that the same arm that faces down in a clock normally turns to face up and goes DOWN again...
If you're HODLing BTC, you need to get into the understanding that the market isn't controlled by whatsoever MUCH you acquired..lol. you seriously need to watch out cus we've got rules for HODLing our there.
Quote
org is a good and useful discussion forum.
Yeah, and it has always been since a decade ago.

Sandra 🧑‍🦰

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