Bitcoin price and my mindset

[Ultegra134]

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.

Just because you read it doesn't mean it's going to happen. Personally, I tend to ignore any so-called experts and predictions and proceed as I believe is best. Although the current financial state isn't the best, with banks failing and inflation and interest rates on the rise, Bitcoin is unlikely to crash that low. The market is volatile and unpredictable, but I find that claim quite excessive. We'll see how it progresses in the upcoming months, but I'm positive that Bitcoin won't go through such a severe crash.

[Oceat]

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

You are just basically trading and if you can make money from it then it's for you but remember that trading is not for everyone so it's better if they find their way of making money. But investment in Bitcoin is still the best imo though since you can't see such investment would grow too much when there's a bull market but it also takes some time before the bull run would happen the same as the bear market too.

But I like the cycle of Bitcoin that's why they said it's very volatile because no one could actually guess the right price and at the same time the price is moving up and down. Be it a FOMO or FUD.

[lixer]

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.

It's obviously not a good idea to start a business first without a proper business plan and evaluation of each and every situation and outcome that can be faced after starting the business, and it should only be executed if everything seems possible and is set to work just as planned, otherwise, it will only go in vein and the money will be lost.

About Bitcoin trading, I partly feel the same way because I find it relieving and it probably will also allow you to have more free time if you are a full-time trader and are earning a living through it. But, I think it's only possible if you have a pretty big capital, to begin with.

[Sir Legend]

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 

I think the thing that determines we can be profitable is patience, as long as we can be patient and not panic then we can get big profits, now is a good time to buy because the price is only about 40% of the ATH that happened in 2021.

[peter0425]

actually it is not our concern if the value of your wallet is how much because it is yours and also the business your planning is also yours .

but about the price of bitcoin now? it is considered to be stable and safe to invest in(hope that you will consider holding than selling)

[Similificator]

Congratulation for the profits. Starting a business from your profits is a great and common idea but not many would follow.

As for the price right now, it's at 28500+ which isn't really that bad. Right now I'm still not sure whether I should start getting into futures again since I'm still not that confident about how I create my trading plans. Honestly, my chart's are a bit messy staying safe on spot really saved my capital a lot, lol. Was even able to gain some profits which would have been losses had I gotten greedy and did futures. I'll just have to wait and see till mid year and just decide by then whether I want to go back trading on futures or if I should just stay on spot. Just can't find the best trading style for me yet since none of the things I watch online makes me feel confident enough.

[Popkon6]

Bitcoin price has been perceived as a bull market this month by many experts. And slowly the price of bitcoin is increasing which is good news for bitcoin investors because those who invested in the past just like you are now reaping many benefits. Like you have thought of opening a business for your spouse and many are ready to reinvest part of the profit as the price of Bitcoin will increase further in the future. The more one invests in the present, the higher the number of funds will be seen in the future, all such benefits will be dividends.

[Sorryfor]

Market analysis shows that the Bitcoin market became overinvested in 2021 when Bitcoin was growing rapidly. But later on the Bitcoin market came down a lot but it started to rise again for a few days. I have long believed that Bitcoin will touch a new milestone within a few days. So I think investing in Bitcoin right now is a good bet. so at this time it would be wise to invest in Bitcoin and hold it for the long term.

[StreakW]

Indeed, the price of bitcoin had risen to the area of $28.7k a few days ago. But now the bitcoin price is back down to the $27.8k area. Therefore, it seems that in April it cannot be said that bitcoin is in a bull run phase.

[zaki12]

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 

Running a business and investing in bitcoin is commonplace and is mostly done by people who want to grow their wealth. Having two separate sources of capital for bitcoin business and investment is a good strategy, as each carries different risks and potential rewards.

Business capital can be used to buy household goods, pay rent for business premises, and other operational costs. In business, this capital usually generates income from the sale of products or services. Meanwhile, bitcoin investment can generate profits in the long run. Bitcoin investments usually have a higher profit potential compared to businesses.

So dividing capital into two for business and bitcoin investment, then we can reduce the risk of losing all of our capital if the business suffers a loss or bitcoin investment does not generate the expected profit. In addition, by having a diverse finances, we can achieve long-term financial goals and increase our wealth steadily.

[DiMarxist]

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.

The DCA pattern is one of the strategies that people can apply, this is directly related to some people who don't have big capital to buy.R.invest a whole lot into bitcoin especially now that the market is currently experiencing some steps of bull trend to actually encover the actual definition of someone been rich.Remember the price always fall and rise no one can predict the position of Bitcoin.so the best thing to do is to prepare for both, when the bear market comes you risk,and when Bitcoin comes up you take advantage of the bull market.,The current price of bitcoin is just a third of the ATH of the moment.Is only those who they convince to bitcoin that don't understand bitcoin,and those who just heard about bitcoin,that bitcoin helps many peoples life, because of that they fall into cryptocurrency without knowing the in and out, will think rise forever.

[STT]

BTC is still sideways, back and forth but not moving in any direction particularly for more then a day.   Only the higher time frames give any clue, we bounced from 200 day average and are working our way back through the volume that was the previous lows.  I think its positive just not very fast in progressing.

[KingsDen]

BITCOIN PRICE TODAY

Good day house members and chairpeople (moderators) I just feel like telling the house and those who accomplish not know the current price of bitcoin and how much it worth today,  but first I don't know where I should drop the thread and if the thread is not permitted to be here, please someone should help me move it.

The price of bitcoin already shown in the picture at the awning and I know at any time it will be higher than it is now or it will be lower than it is, but if the current price of Bitcoin eventually reduces never sell hold until you are satisfied with the price before selling.

For, I am thinking of opening a business for my wife with the tangible profits I have made from Bitcoin, I would have dropped a picture of my electrum wallet balance but I will not because I don't think is either advisable to do so.

If I understood you very well you are saying about using the profit you make from bitcoin investment to open a business for your wife. This means thay your bitcoin investment capital is still intact and could still generate more profits.

If that is the case, I have no problem. It is your decision. Keeping your profit in Bitcoin for it to rise further and using it to open business to make profit in other ways, which is a kind of diversification is also another good option. It is all left for you. If I were you, my bitcoin investment and profit will remain in Bitcoin until we have a new all-time high in Bitcoin.

[Saisher]

The price of bitcoin already shown in the picture at the awning and I know at any time it will be higher than it is now or it will be lower than it is, but if the current price of Bitcoin eventually reduces never sell hold until you are satisfied with the price before selling.

For, I am thinking of opening a business for my wife with the tangible profits I have made from Bitcoin, I would have dropped a picture of my electrum wallet balance but I will not because I don't think is either advisable to do so.

Go ahead if that's your earlier plan before investing in Bitcoin, we're all thinking of profit, now that you realize it, you still need an offline business to help your household with your daily needs because there's no guarantee of profit investing in Cryptocurrency, you know the saying, only invest what you can afford to lose.
But of course, you should still need to keep your portfolio, a portion of the profit coming from your wife's business can use to buy back Bitocin hopefully at a lower price than you purchased it.
When it comes to investing in Cryptocurrency and managing your portfolio a backup business is necessary so you can keep your portfolio intact in times of the bear market.

[fadhilz123]

I think the thing that determines we can be profitable is patience, as long as we can be patient and not panic then we can get big profits, now is a good time to buy because the price is only about 40% of the ATH that happened in 2021.

Patience is just about everyone who is willing to wait for the high price and the best price before selling it. Because what determines everyone's profit in any case is an increase in price that is far greater than the price he bought. Although it must be waited more patiently to see it more clearly because without an increase in price everyone will not get any profit even though they have been patient for a long time

[karmamiu]

I think the thing that determines we can be profitable is patience, as long as we can be patient and not panic then we can get big profits, now is a good time to buy because the price is only about 40% of the ATH that happened in 2021.

Patience is just about everyone who is willing to wait for the high price and the best price before selling it. Because what determines everyone's profit in any case is an increase in price that is far greater than the price he bought. Although it must be waited more patiently to see it more clearly because without an increase in price everyone will not get any profit even though they have been patient for a long time

But the tendency of those people is that, a little spike on the prices in the market makes them panic. As what I have always told my friends who are buying bitcoin on their own leisure "stop looking all the time about the prices on the market specially your holdings", and "it is enough to look at it once in while to check for updates and to check whether your wallet provider has new updates or show the pop-up notification to make it easier for you to notice". I always told them that if they have nothing better to do, find something better to do. If you are an investor and you want your day to be more productive, find something that you can spend your time and energy or learn new knowledge related to that, coz aside from it distracts you from looking at your holdings, it will also hone your skills or even gain more opportunity to earn money whether you'll invest that money or spend it anywhere else.

Sometimes the trick to being patient about investing is "forget it, but not actually forgetting it".

[Rockstarguy]

Indeed, the price of bitcoin had risen to the area of $28.7k a few days ago. But now the bitcoin price is back down to the $27.8k area. Therefore, it seems that in April it cannot be said that bitcoin is in a bull run phase.

Because of the price of bitcoin has drop to $27 that does not mean in April the price of bitcoin won't be in bull run. Bitcoin is volatile it will always go up and down,  bitcoin is down right now it doesn't mean it will remain in this amount or still go down through out the month of april. Even the period of bull the price will fall but it won't be on the fall for a longtime. I think the price of bitcoin might still rise again.

[Paul Pogba]

The bitcoin price is of course a very important thing because it allows us to make a profit or loss, as long as we can be patient and hold on for the long term then we can get big profits, unfortunately most people are impatient so they miss the opportunity to get big profits.

[MoonOfLife]

... unfortunately most people are impatient so they miss the opportunity to get big profits.

Those who are impatient and miss opportunities are bad for them but good for us. Without those people, there wouldn't be anyone selling cheap bitcoin to long term investors like us. While it may sound harsh, this is a financial market, and we need to be realistic with each other. Only the strong can receive the reward.

[b3j0]

The bitcoin price is of course a very important thing because it allows us to make a profit or loss, as long as we can be patient and hold on for the long term then we can get big profits, unfortunately most people are impatient so they miss the opportunity to get big profits.

sometimes they are not impatient but have needs in life that cannot be postponed. you have to believe that everyone believes that the price of bitcoin will continue to increase and bitcoin investment is very profitable but the necessities of life such as economic problems make them forced to sell bitcoin. I haven't found anyone selling bitcoins on the grounds that in the future bitcoins won't have a price, except FUD maker.