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Author Topic: Who else have my kind of mindset for Bitcoin 2023  (Read 555 times)
Furious 7
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January 28, 2023, 09:51:43 PM
 #21

This kind of mindset becomes quite commonplace when in this forum because it's not even just 1 or 2 people who do this when talking about long term investing but almost most people seem to have this kind of mindset.
Regardless of what it is, of course it's very good and I like people who have long thoughts like this, although there are still those who seem to panic and sell when their intentions are good enough.

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January 28, 2023, 09:54:33 PM
 #22

Who else have my kind of mindset let discussed welcome to the future Bitcoin holders!

I am into long-term too or when the price hit my target.  I am still accumulating Bitcoin for the long term with a target price of $500k at least.  I am willing to wait for another 2 halving after the next one, more or less 10 years.  I believe that Bitcoin is here to stay and will be fully adopted by many countries since I read that the US of A has a positive view on cryptocurrency specifically Bitcoin.  If the US accepts Bitcoin as a whole then we can see several countries following that example.

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January 28, 2023, 09:54:57 PM
 #23

Bitcoin is gaining in popularity not just among the rich but among the masses. A lot of persons have not become away of Bitcoin especially in this first quarter of 2023. In my opinion people's mindset should be that they will play whatever role they can to ensure that they give proper education of bitcoin to those who already have a misconception. Also another mindset should be that they would invest time in learning more about Bitcoin in 2023 more than just buying and holding.
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January 28, 2023, 10:11:22 PM
 #24

Bitcoin is gaining in popularity not just among the rich but among the masses. A lot of persons have not become away of Bitcoin especially in this first quarter of 2023. In my opinion people's mindset should be that they will play whatever role they can to ensure that they give proper education of bitcoin to those who already have a misconception. Also another mindset should be that they would invest time in learning more about Bitcoin in 2023 more than just buying and holding.

if you indeed educate people about this market, they will possibly alter their mindset towards btc and crypto in general. as we all observed, a lot of people has still hesitation on this market because of the stigma attached to it- fraud, money laundering, hacking, big projects failing and many others. so to counteract this kind of mindset, they need to understand what is the real nature of bitcoin and crypto? why is hacking happening and other fraudulent acts by the developers?

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January 28, 2023, 10:45:56 PM
 #25

WHAT IS YOU CURRENT BTC MINDSET:
2023 is the year I found my confidence in bitcoin as I have not check the price of Bitcoin for the past 80 hours, since I am now fully into long term holding giving myself, a timeframe of 2-3 years before looking back on the price but what I will do is to accumulate more Bitcoin as chances present itself.
If at the end it's just holding Bitcoin in long term then pretty much just like other I guess?
And as you said about accumulate more Bitcoin when you have a chance then I'd assume it's DCA when you don't really care about price and just invest when you have spare money to invest.

It's great to think like that, but just make sure to not get caught up with bubble or any major bad event where it could ruin your decision. If you can get through that, then congratulations.

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January 28, 2023, 11:08:37 PM
 #26

Bitcoin have show quite a lot of traction lately even though there have been many challenges in the past few months in 2022, the the year 2023 have been filled some exciting chart outlook where Bitcoin shown a lot of green signal of more demand compare to the red negative chart that flood the chart through out last year.

WHAT IS YOU CURRENT BTC MINDSET:
2023 is the year I found my confidence in bitcoin as I have not check the price of Bitcoin for the past 80 hours, since I am now fully into long term holding giving myself, a timeframe of 2-3 years before looking back on the price but what I will do is to accumulate more Bitcoin as chances present itself.

Who else have my kind of mindset let discussed welcome to the future Bitcoin holders!
Idea is good but that won't be as easy as it sounds. As long as you are engaging to online and social media platforms, you'd come across with Bitcoin price or related news such as when the market is on a bullish run or the other way around. If you are really down on this industry, then for sure your actions will be affected by these things which would somehow push you for a stop loss or cut loss, at some point. Those people who I know to be able to actually hold for years are those who forgot that they are holding. Think of the previous ATHs wherein big and small investors take advantage of selling and buying again during dump. Don't do something because that's ideal, do something because it would give you profit.

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January 28, 2023, 11:55:03 PM
 #27

My focus was towards the year 2024 as halving falls. The gradual rise in the market will have downturn at some point, so that it can once again make a bounce when the market is close to the days of halving. The bullish move at the moment is really good and enjoyable, because none predicted to have a good start in the year.

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January 28, 2023, 11:59:44 PM
 #28

My focus was towards the year 2024 as halving falls. The gradual rise in the market will have downturn at some point, so that it can once again make a bounce when the market is close to the days of halving. The bullish move at the moment is really good and enjoyable, because none predicted to have a good start in the year.
I have witnessed twice in Bitcoin halving and it usually takes a month(s) before the price will take effect which is the bull market.
People who invested are waiting for this moment to have the next bull run or hit another all-time high which is opposite to the investors who want to enter the market.  They also hope that there's a market correction.

Doing the DCA way of purchasing Bitcoin is a wise idea and holds when there's a bull market trend.
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January 29, 2023, 11:16:02 AM
 #29

Bitcoin have show quite a lot of traction lately even though there have been many challenges in the past few months in 2022, the the year 2023 have been filled some exciting chart outlook where Bitcoin shown a lot of green signal of more demand compare to the red negative chart that flood the chart through out last year.

WHAT IS YOU CURRENT BTC MINDSET:
2023 is the year I found my confidence in bitcoin as I have not check the price of Bitcoin for the past 80 hours, since I am now fully into long term holding giving myself, a timeframe of 2-3 years before looking back on the price but what I will do is to accumulate more Bitcoin as chances present itself.

Who else have my kind of mindset let discussed welcome to the future Bitcoin holders!

Not going to talk about 2023 specifically but my mindset for bitcoin in every year is to holding bitcoin for the long term will pay you what you want and even if 2023 starts is bearish or even worst than 2022 you will have the chance to get profits in long term because of bitcoin halving cycles which will have definitely good effect of the bitcoin price. SO personally I would say since 2022 was not a good year for bitcoin holders, 2023 should be better than using some potential saved in 2022.

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January 29, 2023, 06:42:24 PM
 #30

After reading your post I can say it must be really hard for you do not to see market for 80 hours. But that's a good start to develop a skill of holding in yourself and not to fall pray to market sentiments that can lead you to losses. Well nobody can predict the future of Bitcoin but at least we can guess it and my guest is same as your and very optimistic I also think that Bitcoin going to eat next 8th in the next coming 3 to 4 years and this is the right time for us to  accumulate BTC but before accmulating BTC you should be aware of basic things. This article might help you. Things to keep in mind before accumulation of Bitcoin

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January 29, 2023, 07:21:19 PM
 #31


since I am now fully into long term holding giving myself, a timeframe of 2-3 years before looking back on the price but what I will do is to accumulate more Bitcoin as chances present itself.
I think you are not being sincere here, i personally do not think its possible to stay 2 to 3 years before looking at the price of bitcoin, not when the price of bitcoin is pasted everywhere, go to twitter, Instagram, Facebook, discord, telegram, you will find bitcoin price somewhere, the only way i think its possible to not look at the price of bitcoin for that long is to leave crypto completely, close all your crypto accounts, close your social media account, stop using a smart phone and lock your self out from accessing the internet ..
All this i believe is not possible to do because if you do it, how then are you going to be able to buy bitcoin?.

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January 29, 2023, 08:23:55 PM
 #32

My mindset for Bitcoin in 2023 is aside from holding and continuing dollar cost average strategy I want to engage in more humanitarian work using Bitcoin. Presently I'm not even worried about the price all the future forecast of Bitcoin because I know it is going to be fine.
Therefore my mindset is to strive to be a part of Bitcoin funded community development projects in low middle-income countries all over the world. Nothing else will make me happy aside this.
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January 29, 2023, 08:27:57 PM
 #33

I do.

I'm long term in bitcoin but that doesn't mean that I won't check the price from time to time. There's this thrilling feeling that I want to feel whenever I'm checking the price.

That's why my mindset might be the same as you but I am not limiting myself into checking the price of bitcoin. I find it essential to find myself positioned in a good situation currently and how I should react.

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January 29, 2023, 08:46:28 PM
 #34

~
That's the common mindset actually, OP. You hold Bitcoin and forget about it, buy more when the prices allow you to do so or even discuss about your journey here in Bitcointalk forum. "Long-term" is different for everyone, as some might sell at some point due to various reasons of they might need money or so.

It kind of reminds me of myself keeping on refreshing Google result of price of Bitcoin every 5 minutes.
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January 29, 2023, 09:49:24 PM
 #35

2022 was not the year for Bitcoin, it managed to slow down the fall later but selling from the peak of about $48,000 to the bottom of about $15,500 was tough for the coin. And in 2023, I see a coin that will conclude all its activities within the level as well, and if it would make a breakout at all, it's probably going to be on the downside.
Most people seem very unhappy about the huge drop in the Bitcoin price in 2022. Do we forget that the huge drop give us the advantage to buy at the lowest price? Without the huge drop, we are impossible to expect huge profits in the next bullrun season. So, why to call "2022 isn't the year of Bitcoin"? For me, it is a good year for buying Bitcoin, it is a good year for everyone who is eager to invest in Bitcoin.

But for now, the bias is bullish for as long as it would last. By the way, buying and holding from the beginning of this year is a very good deal, it means that you have bought at a low price, and you can safely hold it as long as you want. Nonetheless, if I were you, almost 2 years (1.9 years will be perfect) of holding would do just fine. Who knows what it would do after halving's bullish run?
The best time to buy was in 2022, not the early of this year.
But if there are people who missed the opportunity to buy in 2022, it is not too late to buy now.  Wink


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January 29, 2023, 10:48:26 PM
 #36

This kind of mindset becomes quite commonplace when in this forum because it's not even just 1 or 2 people who do this when talking about long term investing but almost most people seem to have this kind of mindset.
Regardless of what it is, of course, it's very good and I like people who have long thoughts like this, although there are still those who seem to panic and sell when their intentions are good enough.
You are right and from the comments of many members of the forum on this thread adding their own details to the discussion I have realized that this is a common factor with many people here and as long-term bitcoin holders seem to get tired of looking at the market chart continuously.

Because even though the price may act rapidly in whatever direction it does not affect or influence on the Bitcoin open positions since we already have a long-term goal and that is what we based our sell decision on and not the price of bitcoin at a time.

R


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January 30, 2023, 12:35:39 AM
 #37

people who think like you very much are investing in bitcoin for the long term. and of course everyone also has hopes for 2023, namely with the hope that in 2023 the price of bitcoin will continue to rise and hopefully the rise in btc that is experiencing now is not a trap. but in my opinion the increase in btc prices today is a positive sign for bitcoin.
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January 30, 2023, 01:08:14 AM
 #38

2023 is the year I found my confidence in bitcoin as I have not check the price of Bitcoin for the past 80 hours, since I am now fully into long term holding giving myself, a timeframe of 2-3 years before looking back on the price but what I will do is to accumulate more Bitcoin as chances present itself.
(....)
I'm not that really confidence in Bitcoin for the year 2023. Since 2024 the bitcoin block halving. That's the year I am more excited.
I will not kill your confidence, but I am only confidence for the year 2023 is the last quarter of it or a few months before 2024 as the Bitcoin block halving is the most awaited event for me on Bitcoin.

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January 30, 2023, 02:16:48 AM
 #39

Bitcoin have show quite a lot of traction lately even though there have been many challenges in the past few months in 2022, the the year 2023 have been filled some exciting chart outlook where Bitcoin shown a lot of green signal of more demand compare to the red negative chart that flood the chart through out last year.

WHAT IS YOU CURRENT BTC MINDSET:
2023 is the year I found my confidence in bitcoin as I have not check the price of Bitcoin for the past 80 hours, since I am now fully into long term holding giving myself, a timeframe of 2-3 years before looking back on the price but what I will do is to accumulate more Bitcoin as chances present itself.

Who else have my kind of mindset let discussed welcome to the future Bitcoin holders!

Are you saying that you don't have confidence on Bitcoin? or maybe you can't get your eyes checking on the prices. In any case, as you stayed in this market, perhaps you will be immune to checking the prices regularly.

Just like the others here, we need more patience and be calm for this year. And look at the bright side or the long term.

Next year will be the block halvening, it's the catalyst for the next bull run and you should focus now on accumulating as much as you can.

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January 30, 2023, 02:24:24 AM
 #40

2023 is the year I found my confidence in bitcoin as I have not check the price of Bitcoin for the past 80 hours, since I am now fully into long term holding giving myself, a timeframe of 2-3 years before looking back on the price but what I will do is to accumulate more Bitcoin as chances present itself.
(....)
I'm not that really confidence in Bitcoin for the year 2023. Since 2024 the bitcoin block halving. That's the year I am more excited.
I will not kill your confidence, but I am only confidence for the year 2023 is the last quarter of it or a few months before 2024 as the Bitcoin block halving is the most awaited event for me on Bitcoin.
if I am more confident in holding bitcoin, in 2023 or 2024 or so on, I am still confident to keep holding it until I get the profit that I have targeted in stages. there is nothing wrong in predicting, but we must remember that it can happen and our analysis is wrong, so we are not at the end of our hopes, by making a cut loss, because this is BTC which is the safest coin to invest. but indeed, if you look at the current market, it is green and gives us a little big hope, but what we don't know is that this phenomenon is a correction or the beginning of a revival

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