Bitcoin price and my mindset

[Ngewex Yuk]

The thing that has become a fact is that the price of bitcoin will increase in the long term, as long as we can be patient to hold then we can get profit, of course to be able to get big profits then what we have to do is hold long term and never be affected by short term fluctuations .

[Kemarit]

The thing that has become a fact is that the price of bitcoin will increase in the long term, as long as we can be patient to hold then we can get profit, of course to be able to get big profits then what we have to do is hold long term and never be affected by short term fluctuations .

That is the key here, we should look at the long term price of bitcoin, specially the bull run because it could be in 6 digits minimum next. So patience is the key because this game is going to be very long for us.

And with that, we should set our mindset to be strong and not fall for this short term profits.

In might take a lot of experience, but for those who have been through with it, it's rewarding in the end.

[Razmirraz]

It is important to have a plan for taking profits when investing in Bitcoin. Moreover, Bitcoin is known for its volatility, so having a clear take-profit strategy can help reduce potential losses. However, the decision to take profits will depend on your investment objectives and risk tolerance. It may be tempting to hold on to a winner in hopes of a bigger win, but this can also lead to overexposure and potential losses. Having a clear take-profit strategy can help you balance the potential rewards and risks of investing in Bitcoin.

To profit from investing in Bitcoin, it is necessary to be consistent with the initial plan, volatility can occur at any time which can slow down the plans that have been designed from the start.
 Op must give up wishful thinking about getting bigger profits, except for having an emergency fund in anticipation if something unplanned happens. Implementing a take profit strategy can reduce the risk of loss, even if the profit you get doesn't meet Op's expectations, at least the results from investing in Bitcoin can help with his plans to open a business for his wife.

[_BlackStar]

To profit from investing in Bitcoin, it is necessary to be consistent with the initial plan, volatility can occur at any time which can slow down the plans that have been designed from the start.
 Op must give up wishful thinking about getting bigger profits, except for having an emergency fund in anticipation if something unplanned happens. Implementing a take profit strategy can reduce the risk of loss, even if the profit you get doesn't meet Op's expectations, at least the results from investing in Bitcoin can help with his plans to open a business for his wife.

So far the OP has a good strategy and is able to make good profits from his trading activities. Price volatility is ideal for what a trader expects to earn, but if he wants to be patient then of course there is a possibility of making bigger profits.

I advice selling as long as it is profitable if the OP is a trader, but if the OP is a holder then he should remain patient and wait for a higher price. Long term profits are better than short term trading profits. That is something that has been believed by holder so far.

[Rasa nanas]

if the purpose of this thread is information I would like to add a little, it is better to use english writing (not your country's language) because english is the most common language.
responding to your writing I really appreciate the effort and motivation from you. I really agree with the message you want to convey in this thread, an investor should not rush to make decisions or panic when the BTC price drops. especially new investors, seeing the price of BTC fall and the assets decrease usually rush to make decisions and panic sell.

[Sebas.tian]

Nice plan OP, I will advise you to open restaurant business for your wife so that it will reduce spending money on food in your family. And It will not take your wife a long time before she will start making money from her Business, if she can employ potential cooker because many people like were to eat quality food that will bring more strength and energy. I think, it will be profitable if she can learn how to invest in Bitcoin because it will really help her to grow like you if she involve in long term investment, which many people in the community has used it to grow their businesses and also used it to establish other business.

[bettercrypto]

Compared to what happened with the year 2018, the current situation is in which the price of bitcoin is above average, as 2021 ATH less than 70K. We are now not far from half of that peak.

Perhaps the confusion in the monetary policies is what pushed the price to rise in this way, and therefore we will retest the resistance level at 30K several times before it is broken during the next month and a half, but as I mentioned, the situation is abnormal, which makes all scenarios open.

I agree with what you said that the current situation is not normal, because, the prediction of the majority of bitcoin's value flow in the future is still somewhat limited.

     But anyway, I think that with each passing month that will come, bitcoin's value will break for sure, for example this month of March it is possible that it will break 30k or maybe the first weeks of April in my opinion It's just based on the indicators I'm looking at, although it's not always accurate.

[btc78]

we can just seach CoinMarketCap and everything will be there(except for those shitcoins that does not worth checking)

is this the first time that you have come to check every thread here ? in which link after link had been given for their own checking?
and what is the mindset here? and since you are for Buying and selling (buy Low Sell High) then it is a normal strategy now and there is nothing new about that .

if the purpose of this thread is information I would like to add a little, it is better to use english writing (not your country's language) because english is the most common language.

and lol , you are not allowed to use local language in english section like this .

[JoyMarsha]

I'm firmly holding onto my bitcoin investments. Even if the price of bitcoin exceeds $40k by the end of the year, I don't believe I will be selling anytime soon. Am only paying attention to the long-term objective of my bitcoin investment.

If I may say so, considering starting a business for your wife is a smart choice. At least you made profits because you sold your bitcoin when its value was $28,000 more than when it was $27k+.

Now bitcoin is fluctuating between the price of $27k+ you can reinvest if you want to and sell back when it crosses $28k(be doing dca)

[GeorgeJohn]

Usually this period and this month has shown proven to be bull for bitcoin price, I think most of us here already aware of the sudden increase of bitcoin price. To me I often check coinmarketcap to always be informed of the update, secondly I set my binance account to a notification were I often received updates on a regular basis.

We can't just conclude that we are In bearish market or neither bullish fully because the way I'm seeing the market it seems that it have positivity,  but should not let us to conclude that we are In bullish season because the increment of bitcoin can decrease anytime and any our, so that's while a good trader who knows how to analyse cryptocurrency market can't conclude once that bitcoin market is on bullrun when it has not gotten to the initial point or value it from decrease from.

[Adbitco]

Snip

We can't just conclude that we are In bearish market or neither bullish fully because the way I'm seeing the market it seems that it have positivity,  but should not let us to conclude that we are In bullish season because the increment of bitcoin can decrease anytime and any our, so that's while a good trader who knows how to analyse cryptocurrency market can't conclude once that bitcoin market is on bullrun when it has not gotten to the initial point or value it from decrease from.

We are beginning to sense a little resistance that is stopping it from getting to 30k this could be a selling pressure holding it down, with what I saw last week was thinking maybe bitcoin would have touched 30k by yesterday or today. I think you made a point there, that means there is every possibility it will go a bit down before gaining it strength back to touch 30k maybe it might take from now till next week which is month of April.
Usually it's very hard to predict price action.

[Kodok Bencot]

The bitcoin price often makes us curious, sometimes the price we think will continue to rise but what happens is the price goes down, or vice versa when we have sold all the bitcoins because the price is hard to go up and keeps going down but the market goes up and makes us regret it, as investors of course we have to have deep experience to be able to profit on bitcoin, and I think the most important thing is to always be patient.

[Bitcoin_people]

We were all psyched when the price of Bitcoin was plummeting. Everyone faced a lot of losses then, but there was confidence in the mind that the Bitcoin market would rise again. And since then patiently invested trust and just waited for the Bitcoin market to grow. And finally, when the Bitcoin market was slowly moving upwards, we all had a smile of success in our minds. When the Bitcoin market starts to grow, there is a joy in the minds of all investors and a big change in mindset. And when the Bitcoin market starts to grow, the most exciting moment for investors is then.

[mich]

I have been thinking about the Bitcoin price alot recently. Just where we will be in the near future and the far out future. To decide if now I should sell some because I did read we will see price of Bitcoin fall down to 12k and lower.
It was 10 years ago on this date that price of Bitcoin was $100. Today price of 1 Bitcoin is $28,000 so that is 280 times more then it was 10 years ago. I think what does this mean price will be in 10 years from now 2033.

[Bitcoin2009]

The current bitcoin price looks good and promising so it's worth waiting for the next big surprise, the increase that occurred is almost 50% compared to 2022, of course we should be grateful and in my opinion hold it longer or until the end of the year then we have a chance to get bigger profits.

[ethereumhunter]

The current bitcoin price looks good and promising so it's worth waiting for the next big surprise, the increase that occurred is almost 50% compared to 2022, of course we should be grateful and in my opinion hold it longer or until the end of the year then we have a chance to get bigger profits.

That is if people can still hold onto their bitcoins and not panic if a correction comes to the market. But that shouldn't happen especially if they manage to buy bitcoin for under $28k and they just have to hold it. If that's the case, they could leave the market for a while as it doesn't look like the price will ever drop below $25k again. However, they should remain wary of the fast dump that could occur so they need to raise the alarm to buy at a lower price.

[b3j0]

great idea, opening a real business from bitcoin investment profits is the right decision, maybe you have to divide 50% to invest again and 50% for business. thus you have 2 sources of income, bitcoin investment for long-term income and business to meet your daily needs. Everyone should have the same mindset as you 

[Edwardard]

great idea, opening a real business from bitcoin investment profits is the right decision, maybe you have to divide 50% to invest again and 50% for business. thus you have 2 sources of income, bitcoin investment for long-term income and business to meet your daily needs. Everyone should have the same mindset as you 

Just to add here a bit, only do business if you are confident in it. You can't just get a source of income from any business, instead you can loose a lot of money if you are not dedicated and give time.
Maybe I got a different opinion because for me, I just trade btc and reinvest the profits again at the lows and Im never upset with my strategy till now. More profitable than any business I could do

[CageMabok]

great idea, opening a real business from bitcoin investment profits is the right decision, maybe you have to divide 50% to invest again and 50% for business. thus you have 2 sources of income, bitcoin investment for long-term income and business to meet your daily needs. Everyone should have the same mindset as you 

It seems to me that such an idea is very commonly used by many people now, and it is even not uncommon for someone who likes to open a real business by taking advantage of the profits he has earned through other things such as crypto. I still use 30% of my capital to invest in Bitcoin with a long term duration and I also get some of that capital through profits from the trades I made two years ago.

Besides that, I also put 40% of my capital into the business that I'm running now to be able to continue circulating my money to achieve more passive profits. Even though I still like to trade on several exchanges to continue to increase my income even though I only put 30% of my capital targeting short-term profits because I will also use these profits in the business that I run and also to invest in Bitcoin.

[tygeade]

The bitcoin price often makes us curious, sometimes the price we think will continue to rise but what happens is the price goes down, or vice versa when we have sold all the bitcoins because the price is hard to go up and keeps going down but the market goes up and makes us regret it, as investors of course we have to have deep experience to be able to profit on bitcoin, and I think the most important thing is to always be patient.

Only newbies will think that the price will continue to rise forever but experienced users already know that Bitcoin is volatile and there are two cycles here namely the bear and bull that needs to be followed. When Bitcoin is already experiencing a bull run, we must sell now if we want to earn a profit, if not we can continue holding. If Bitcoin is in a bear market, we can expect that the price will eventually rise but a bear market isn't also the best time to sell a coin. It's only good for accumulating.