Popkon6
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July 21, 2023, 05:01:32 PM |
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In particular, the investor has no role in the ups and downs of Bitcoin prices. Because an investor does not have to worry about selling Bitcoins after the right time is in his possession, this is the main goal of the investor. It is not legal for an investor to consider buying when the price of Bitcoin goes down and sell when the price of Bitcoin goes up. If you want to understand it must be strictly limited to Bitcoin. Because our predictions can be wrong, research doesn't always come out right.
It is better to stick with purchased bitcoins than buying and selling bitcoins again and again because we are always concerned about making the right decisions.
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JayJuanGee
Legendary
Online
Activity: 3836
Merit: 10829
Self-Custody is a right. Say no to"Non-custodial"
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July 21, 2023, 05:09:27 PM |
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Those who wish to hodl should br encouraged, Those who wants to spend it for a currency should do so, Those who wants to trade it on the market can have their go at it for sure.
It’s just bitcoin being used as it should be.
Yes.. they can do what they like, but some of those things might not be very smart, especially if you might want to get to fuck you status.... but hey whatever, each person can do what they like, and you have made your point... but it does not mean that they even know what the fuck they are doing, and if we are focusing in this thread upon what we might believe is a "good bitcoin investor" then selling all of your BTC does not seem to make a good bitcoin investor, but hey do what you like.. if you want to sell all of your bitcoin, then hopefully you do not end up selling too many too soon and then becoming bitter... especially since bitcoin is actually a vehicle to one of the greatest (if not the greatest) peaceful wealth transfers, in history, and if you want to fuck around with trading and trying to buy back cheaper, that is upon you to take those kinds of chances.. You are free to do so, and king daddy gives no shits if you end up having to buy back 50% higher because you ended up having the wrong mindset and you ended up selling too many too soon because you thought that you were smarter than everyone else.. like a smart virus. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Everyone can do whatever they like, which is a good point. But I agree with what you said that it will be something you regret later. I think, a good point is not necessarily going to bring something big that we really want, and it is our job to make that good point even better in the future, and bitcoin has all the criteria. We will be able to feel something very big when we sell bitcoin, and I am sure for people who bought when the price touched 15k some time ago, they will get a big profit when they sell today at 29k as I write this. But is that what we really want? Of course not. The current price is still far from the last ATH price, and I personally have faith that bitcoin will be able to reach a new ATH, yes although I can't be sure when exactly that will happen. But my belief is based and for me it is a very good thing to continue to hold it. There are likely some BTC investors who sold BTC around $20k or below $20k because they ended up panicking, and even coming up with a theory that BTC prices might go down to $12k or even lower, but we know that $12k or lower did not happen because the lowest that we got was about $15,479. Furthermore some of those folks who sold BTC around or below $20k may well have bought their BTC on average for much lower prices, so in terms of dollars they may well have gotten a profit, so technically they might not be incorrect in terms of experiencing dollar profits.. but they also might end up having to buy back at way higher prices in the future because they ended up having way too few BTC and perhaps no BTC because they did not employ sufficiently prudent and/or smart BTC investment strategies, even though at the time that they sold their BTC they were thinking that they did the right thing, especially given the then circumstances and their view of what they thought bitcoin would do (even though they ended up being wrong). Historically, we have a lot of similar circumstances in which guys are bragging how smart they were on some of their BTC trades, and surely they may have even made decently large dollar profits, but then they end up hardly having any BTC when the BTC price goes up they are not prepared for UP.. even if they already made a lot of dollar profits, and sometimes the BTC price goes up several times or even 10x, and does not end up coming back down, and even if they were to later invest into bitcoin, they might ONLY be able to purchase a fraction of their previous BTC holdings, maybe even in the category of 1/10th the amount... so sometimes it can take a while to figure out if someone is a smart/good investor or not, even if they might make some moves/trades that seem to be smart and profitable. I know that in my own personal situation, I probably could not even accumulate 1/10 of the amount of BTC that I currently own.. and furthermore, in order to accomplish that level of purchasing of BTC, I would be putting my whole investment portfolio in a kind of high level of stress - so it seems to be way better to be attempting to accumulate as many BTC as you can reasonably accumulate on a regular basis, but also as soon as you are able to do so, and sure, there is nothing wrong with attempting to get more BTC when the BTC price drops, but there also should be recognitions that sometimes the BTC price is not going to drop as much as you like so you have to be careful to make sure that you are prepared for UP in the event that UP ends up happening.. and surely neither UP nor DOWN are guaranteed, even when we perceive high odds for whatever scenarios that we believe or that we see others spouting. The topic arises when the animosity of bitcoin maximalists on the forum and Twitter towards altcoin holders is at its minimum. It is now the wisest course of action for bitcoin maximalists to embrace the potential benefits of both altcoins and bitcoins, fostering authentic discussions across all platforms. This will enable them to devise the most effective strategies and execute them at the opportune moment
Fuck shitcoins. We are not talking about shitcoins in this thread. Do you see what topic that you are in? If you get distracted with shitcoins, then you likely are failing/refusing to adequately understand and appreciate the power of king daddy bitcoin, especially if you believe that there is any kind of real/meaningful need to get involved in shitcoins in terms of your brain power, your time, your energies and/or your finances. Figure out bitcoin first, and then maybe at some later date, maybe you might want to fuck around with some shitcoins, but getting involved in shitcoins is not necessary in order to understand and/or to profit from bitcoin investing and likely getting involved in shitcoin is likely to have a dilutive and/or distractive effect in regards to figuring out, managing and employing a bitcoin and/otherwise prudent and reasonable investing strategy. Patience is the tool use to determine a good BTC investors, because many BTC investors has failed in so many ways not to earn well from their investment, just because they didn't exercise patience to hold for the right time to come. Any BTC investors that Carry patience along in his or her investment, it is very difficult for such investors to miss it in future, you know why? he or she will be counting some months or years he or she has been holding that particular coin which he or she believe that the price will definitely come through for he or she to smile at the end, that is what make someone a good investor. Over a month now, the price of BTC is still around $30k and many investors who don't endure any longer will sell , but those potential investors that Carry patience will not sell until the price hit $80k or $100k before they can sell to make a good result.
yes, indeed patience is one of the keys to good success in investing in btc, because indeed if we are impatient in investing in btc then of course there will be the potential for losses, so investing in btc really requires a strong mentality so that it has the potential to make a profit. so a great btc investor is an investor who works hard at everything and never gives up. so investing in btc is not easy because you have to keep learning to find extensive knowledge. We all know Bitcoin is a digital currency. If you want to trade bitcoin then you need to know well about bitcoin first then you have to invest in it. You can't expect the profit you will get with Bitcoin investment because actually these things work skills and strategy play a very important role. When you trade bitcoin coins you have to time it all the time thinking you have to buy in short market and sell when the market goes up. If you trade Bitcoin like this I believe you will take some time here but it will bring success in your life. To start trading Bitcoin, you must first do a thorough research on the market. When a newbie is interested in investing he never notices these things due to which he is exposed to risk. However, before investing in Bitcoin you need to follow the advice of an experienced and knowledgeable investor to be profitable. It is true that before investing it is important to observe various important researches properly as well as adopt various market strategies. And to invest in Bitcoin, you must invest when the market is in a bear market and wait for a bull market. If you invest by adopting such practices, you will definitely get success, if you invest without knowing the future, it is sure that you will face losses. So in investing or trading one always needs to adopt different strategies and gain experience to expect something bright in future. Trading is a more advanced strategy, and surely is not necessary in order to get started in terms of investing into bitcoin. Sure, newbies can trade if they are really interested in the topic, but it is a niche kind of specialty that takes quite a bit of time to learn, and it probably is not really worth the time for most people, unless you just feel some kind of need to learn about it, and even if you feel some kind of need to learn about trading, it is probably still likely necessary to create both an investing and a trading practice that likely has self-imposed limitations on the quantity of funds that would be available for trading and really figuring out ways how to NOT get tempted to easily break your own self-imposed limitations. Also, in order to start investing in bitcoin, there is no need to wait for a bear market. There is not a problem with getting started as soon as possible. Sure there might be ways that anyone who is new might try to buy on dips and also figure out ways to make sure that they are comfortable in terms of having enough bitcoin that they are prepared for UP, while at the same time having some strategies for buying more BTC if the price goes down. Surely some of the presumptions of investing into bitcoin at any time would be that the investment timeline is 4-10 years or more, and if your investment timeline is less than 4 years, then you may well have to employ different strategies, including perhaps taking a smaller (rather than a larger) BTC position since you likely are more of a short term, rather than medium to long term investor.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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red4slash
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2023, 05:16:47 PM |
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People who really understands what investment is all about, took time to plan and scale their income weight, Period of plan and period of investment. Bitcoin investors know when and how to invest whether trading or mining there is an appropriate time for it. And as investor you're not expected to hit and run or even eat up your profit. You've to give it time to grow hip hop and accumulate more. That's why in most cases I trust bitcoin investment to any forex or others channels, in bitcoin one hardly loss it all especially if the value of units coins remain safely.
Who says those who sell a portion or all of their BTC aren’t bitcoin faithfuls or good bitcoin investors. Perhaps they’ve got the plans to buy it back when it dips and would still be on profit, hodling when it starts rising. Come in, Bitcoin remains a p2p commodity on the blockchain network and the multitude that still uses it as such, using it like a currency which it is, they aren’t doing it wrong and we can’t say they aren’t good investors. We can’t be centered on just one aspect to a multidimensional bitcoin. Those who wish to hodl should br encouraged, Those who wants to spend it for a currency should do so, Those who wants to trade it on the market can have their go at it for sure. It’s just bitcoin being used as it should be. It all depends on perspective. They are free to do what they need to do and there is no restriction on that and no prohibition on doing such things. But when reflecting on the initial topic where the main point is a good bitcoin investor then indirectly we are and invest well in it. I think that by trading or spending bitcoin on goods it is not included in the criteria for a good bitcoin investor, right? But that's also not wrong because everyone has their own perspective in this regard, it's just that when it comes to being a good bitcoin investor then in this case I think holding back is a certainty.
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bitLeap
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July 21, 2023, 06:12:15 PM |
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Those who wish to hodl should br encouraged, Those who wants to spend it for a currency should do so, Those who wants to trade it on the market can have their go at it for sure.
It’s just bitcoin being used as it should be.
Yes.. they can do what they like, but some of those things might not be very smart, especially if you might want to get to fuck you status.... but hey whatever, each person can do what they like, and you have made your point... but it does not mean that they even know what the fuck they are doing, and if we are focusing in this thread upon what we might believe is a "good bitcoin investor" then selling all of your BTC does not seem to make a good bitcoin investor, but hey do what you like.. if you want to sell all of your bitcoin, then hopefully you do not end up selling too many too soon and then becoming bitter... especially since bitcoin is actually a vehicle to one of the greatest (if not the greatest) peaceful wealth transfers, in history, and if you want to fuck around with trading and trying to buy back cheaper, that is upon you to take those kinds of chances.. You are free to do so, and king daddy gives no shits if you end up having to buy back 50% higher because you ended up having the wrong mindset and you ended up selling too many too soon because you thought that you were smarter than everyone else.. like a smart virus. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Everyone can do whatever they like, which is a good point. But I agree with what you said that it will be something you regret later. I think, a good point is not necessarily going to bring something big that we really want, and it is our job to make that good point even better in the future, and bitcoin has all the criteria. We will be able to feel something very big when we sell bitcoin, and I am sure for people who bought when the price touched 15k some time ago, they will get a big profit when they sell today at 29k as I write this. But is that what we really want? Of course not. The current price is still far from the last ATH price, and I personally have faith that bitcoin will be able to reach a new ATH, yes although I can't be sure when exactly that will happen. But my belief is based and for me it is a very good thing to continue to hold it. There are likely some BTC investors who sold BTC around $20k or below $20k because they ended up panicking, and even coming up with a theory that BTC prices might go down to $12k or even lower, but we know that $12k or lower did not happen because the lowest that we got was about $15,479. Furthermore some of those folks who sold BTC around or below $20k may well have bought their BTC on average for much lower prices, so in terms of dollars they may well have gotten a profit, so technically they might not be incorrect in terms of experiencing dollar profits.. but they also might end up having to buy back at way higher prices in the future because they ended up having way too few BTC and perhaps no BTC because they did not employ sufficiently prudent and/or smart BTC investment strategies, even though at the time that they sold their BTC they were thinking that they did the right thing, especially given the then circumstances and their view of what they thought bitcoin would do (even though they ended up being wrong). Historically, we have a lot of similar circumstances in which guys are bragging how smart they were on some of their BTC trades, and surely they may have even made decently large dollar profits, but then they end up hardly having any BTC when the BTC price goes up they are not prepared for UP.. even if they already made a lot of dollar profits, and sometimes the BTC price goes up several times or even 10x, and does not end up coming back down, and even if they were to later invest into bitcoin, they might ONLY be able to purchase a fraction of their previous BTC holdings, maybe even in the category of 1/10th the amount... so sometimes it can take a while to figure out if someone is a smart/good investor or not, even if they might make some moves/trades that seem to be smart and profitable. Yes, it's not possible anymore, but I'm sure that many of them do this kind of thing, there are several reasons, one of which is because they panic, and what we see a lot of is from those who are already from the beginning to take advantage in a short time, and they keep doing it. They still get benefits, but in this case there are things they might miss, namely when suddenly bitcoin moves up they will be a little behind. I prefer those who sell bitcoin because their original intention was only to take advantage of a short rise, rather than those who panic because some people say that bitcoin might touch a price lower than the lowest price bitcoin reached some time ago. I have seen some of them saying that bitcoin will hit 12k or lower, like you said, so they decided to sell their bitcoin because they want to get the lowest price. Not wrong, but if we prepare from the beginning for that possibility, we don't have to sell bitcoin quickly, because of course with careful preparation we will be prepared to buy back bitcoin at the lowest price. Most people like that are not committed to what they planned at the beginning.
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AnonBitCoiner
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July 21, 2023, 07:07:42 PM |
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Good bitcoin investors are those who known keys of success and just getting good profit from bitcoin does not means that you are good investors because 1 or 2 consecutive profit can also be obtained without knowledge and keys of success. A person will be good investor if he Put money even he knows about risk and did not feel fear but he works hard to get profit by solving the risk.
Good investors move forward according to the plan and he maintain certain percentage for buying and selling of coin. Bitcoin is a successful coin but a wise individual can get benefit from it because just using money to buy bitcoin is not worthy but taking profit matters a lot.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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JayJuanGee
Legendary
Online
Activity: 3836
Merit: 10829
Self-Custody is a right. Say no to"Non-custodial"
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July 21, 2023, 07:10:39 PM |
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[edited out]
Yes, it's not possible anymore, but I'm sure that many of them do this kind of thing, there are several reasons, one of which is because they panic, and what we see a lot of is from those who are already from the beginning to take advantage in a short time, and they keep doing it. They still get benefits, but in this case there are things they might miss, namely when suddenly bitcoin moves up they will be a little behind. I prefer those who sell bitcoin because their original intention was only to take advantage of a short rise, rather than those who panic because some people say that bitcoin might touch a price lower than the lowest price bitcoin reached some time ago. I have seen some of them saying that bitcoin will hit 12k or lower, like you said, so they decided to sell their bitcoin because they want to get the lowest price. Not wrong, but if we prepare from the beginning for that possibility, we don't have to sell bitcoin quickly, because of course with careful preparation we will be prepared to buy back bitcoin at the lowest price. Most people like that are not committed to what they planned at the beginning. Yes, each person has to choose their own path, and the reasons for the sales might NOT always be the same in terms of how much they actually know about bitcoin or how much commitment that they have in regards to bitcoin as a long term investment, so sometimes they will create various entrance and exit strategies (price points), so they might not even be panicking in regards to carrying out their plan.. but they still might not be as informed about bitcoin as they believe that they are... and I am not even suggesting that any of us really know where the BTC price is going to go, even though at the same time, it seems to me to be better to prepare for considerable upside scenarios, even if we might not believe the BTC price to go there. I recall during my first experienced bull run in 2017, I had a relatively conservative plan in which I had considered that the BTC price might top off in the ball park of $3k to $5k, but at the same time I was somewhat prepared for higher price scenarios including that it ended up going up to $19,666, and probably I had ONLY sold around 10% of my total BTC stash at various points all the way up... and I suppose at the same time, I was still learning how to manage my BTC holdings and at the same time the psychology of having the BTC price go up around 5x higher than the more bullish scenarios that I had in mind, but then come crashing back down to the $3k to $5k and then largely correcting back down to around $3k to $5k and maybe mostly staying a bit higher between $5k and $10k for the next three-ish years (between early 2018 and late 2020). Those are not necessarily easy roller coasters to see the value of your BTC holdings to go up around 78x from the $250 bottom in 2015 and then to come back down to the place that you were considering to be the high range for that cycle.. so there can be some trauma and even difficulties to figure out how to manage your BTC holdings in such a way that is comfortable with your own psychology and even to have enough conviction about your ongoing holdings of BTC to mostly just continue to hold what you have and not to go too crazy in terms of selling any of it.. even if it might well have average costs that are less than $1k per BTC, so the profits still remain pretty decent, whether adding more BTC to the stash or just not doing anything or perhaps even selling a bit of it for whatever expenses might come up.. but if you manage your cashflow well, there might NOT be any need to sell large amounts of your BTC during the dipping times of the BTC cycle. If we look at all of the investments that we have we might consider if there might be times in we might want to sell some of our BTC so that we are NOT overly exposed to BTC in terms of either how much value we have into it or even how much psychology that we have in terms of having the amount of value into BTC that we have... so sometimes there might be some needs to pull some value out, in the event that we don't have other investments, but if we already have various other investments, it might not hurt to continue to allow our best performing assets (BTC in this cases) to just continue to ride, even if it might be disproportionately overvalued in terms of what had been our original accumulation targets. In my own case, I had not really known what my BTC accumulation target was going to be, but after I spent about a year (in 2014) accumulating BTC, I started to figure out that BTC was becoming around 10% of the value of my overall quasi-liquid investment portfolio, and I thought that 10% was a decently good target - however, with BTC prices staying flat throughout 2015, I continued to buy and ended up reaching around a 13.5% allocation by the end of 2015, and since BTC prices went up during 2016 and 2017, my allocation ended up growing from 13.5% to around 75% based on BTC price appreciation, and so then it dipped back down to be around 45% and then currently is maybe in the 85% or so territory based on price appreciation.. ...so it may or may not be necessary to reallocate, but at the same time we have to remember that if we get out of BTC, then we may well be getting into inferior asset classes, and it may not necessarily be a good idea to diversify out of a winning performer, even something like BTC.. even if our allocation in BTC might have had gotten to be a way higher portion than our initial allocation amount and in my case the amount was 10%, but then I ended up slipping and making it 13.5% or so, and so there would be a lot of sales of BTC even if I were to bring it back down to 25%,,, and I am not even sure if that would be necessary to diversify out of BTC and end up buying something that is likely inferior.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Makus
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2023, 08:02:53 PM |
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having a strict policy
though am new to the whole Bitcoin world and it's concept but in addition to what mr suevie said, I believe having some qualities without a strict policy to fall back to will result to an incompetent investor as trying times may arise which could cause panic, policies are actually the building foundation of competency and when you don't have one trust me the outcome would be a disaster.
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rachael9385
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July 21, 2023, 08:20:14 PM |
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[edited out]
Yes, it's not possible anymore, but I'm sure that many of them do this kind of thing, there are several reasons, one of which is because they panic, and what we see a lot of is from those who are already from the beginning to take advantage in a short time, and they keep doing it. They still get benefits, but in this case there are things they might miss, namely when suddenly bitcoin moves up they will be a little behind. I prefer those who sell bitcoin because their original intention was only to take advantage of a short rise, rather than those who panic because some people say that bitcoin might touch a price lower than the lowest price bitcoin reached some time ago. I have seen some of them saying that bitcoin will hit 12k or lower, like you said, so they decided to sell their bitcoin because they want to get the lowest price. Not wrong, but if we prepare from the beginning for that possibility, we don't have to sell bitcoin quickly, because of course with careful preparation we will be prepared to buy back bitcoin at the lowest price. Most people like that are not committed to what they planned at the beginning. Yes, each person has to choose their own path, and the reasons for the sales might NOT always be the same in terms of how much they actually know about bitcoin or how much commitment that they have in regards to bitcoin as a long term investment, so sometimes they will create various entrance and exit strategies (price points), Yes is true, if everybody have the same thought that will be extremely not okay, some people have to go the wrong way for others to hear something good, I have lived a life of honor and I have understand that their are some people who hear good things through bad things, just imagine a Case were a scammer tells someone who don't know anything about Bitcoin because he's trying to scam the client, that learning good from a bad reputative person, mean while a good investor doesn't live he's life so low because he's not working for the more but taking risk and if the money comes it takes grace for the investors to use the money wisely.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
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Dr.Bitcoin_Strange
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July 21, 2023, 09:16:34 PM Merited by JayJuanGee (1) |
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though am new to the whole Bitcoin world and it's concept but in addition to what mr suevie said, I believe having some qualities without a strict policy to fall back to will result to an incompetent investor as trying times may arise which could cause panic, policies are actually the building foundation of competency and when you don't have one trust me the outcome would be a disaster.
If an investor really acquires all the needed information or education about any investment (in Bitcoin) they are making, then they will be ready and prepared for any "trying time (emergencies)" like you mentioned. The bitcoin price is always volatile, and it's not an asset that you can just assume will take profit within one or two months; you really have to hold it for a long time before you can make much profit. Another thing is that when you are aware of how volatile the market can be, even if the price of Bitcoin dips below the price you bought, you won't be in a panic and will not sell off to incur a loss.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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TheGhostMan
Member
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July 21, 2023, 11:42:09 PM |
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[edited out]
Yes, it's not possible anymore, but I'm sure that many of them do this kind of thing, there are several reasons, one of which is because they panic, and what we see a lot of is from those who are already from the beginning to take advantage in a short time, and they keep doing it. They still get benefits, but in this case there are things they might miss, namely when suddenly bitcoin moves up they will be a little behind. I prefer those who sell bitcoin because their original intention was only to take advantage of a short rise, rather than those who panic because some people say that bitcoin might touch a price lower than the lowest price bitcoin reached some time ago. I have seen some of them saying that bitcoin will hit 12k or lower, like you said, so they decided to sell their bitcoin because they want to get the lowest price. Not wrong, but if we prepare from the beginning for that possibility, we don't have to sell bitcoin quickly, because of course with careful preparation we will be prepared to buy back bitcoin at the lowest price. Most people like that are not committed to what they planned at the beginning. Yes, each person has to choose their own path, and the reasons for the sales might NOT always be the same in terms of how much they actually know about bitcoin or how much commitment that they have in regards to bitcoin as a long term investment, so sometimes they will create various entrance and exit strategies (price points), so they might not even be panicking in regards to carrying out their plan.. but they still might not be as informed about bitcoin as they believe that they are... and I am not even suggesting that any of us really know where the BTC price is going to go, even though at the same time, it seems to me to be better to prepare for considerable upside scenarios, even if we might not believe the BTC price to go there. very good contribution, In my opinion, identifying a good Bitcoin investor implies considering characteristics such as persistence, self-discipline and a deep knowledge of how Bitcoin works. These qualities are essential to succeed in this world. Although investing in BTC or cryptocurrency in general is not a fast track to getting rich, it can be profitable with a long-term perspective and well-informed decisions. and above all, recognize the inherent risk and not panic and make a move that harms the investor, due to the high volatility in this type of investment. Therefore, I would recommend investing only the money that you can afford to lose. A good additional piece of advice would be to have a job with a stable income that is not affected by investments, to avoid compromised financial situations.
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mvdheuvel1983
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July 21, 2023, 11:59:24 PM |
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There are so many things that makes a good bitcoin investor for me all of them is openness and honesty. And they adopt a strategic thinking and their attention is not divided. It is important to note and study Bitcoin and those in it to be able to pick out the good from the bad ones.
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JayJuanGee
Legendary
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Self-Custody is a right. Say no to"Non-custodial"
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July 22, 2023, 12:50:04 AM |
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having a strict policy
though am new to the whole Bitcoin world and it's concept but in addition to what mr suevie said, I believe having some qualities without a strict policy to fall back to will result to an incompetent investor as trying times may arise which could cause panic, policies are actually the building foundation of competency and when you don't have one trust me the outcome would be a disaster. As you grow up, you learn certain kinds of competencies, and even if you did not officially learn how to manage your finances, at some point in life, you likely will need to learn how to manage your finances, and if no one teaches you, then you have to learn yourself, including learning how to invest, since if you do not invest, then you are likely going to have to continue to work until you die.. Of course, there might be some state systems that might help you out, but there likely is some value in terms of figuring out ways to improve your own situation rather than relying upon systems that may or may not hold up at times when you would prefer to discontinue working.. There should be some value in terms of building wealth in your youth, so that at some point when you get older you will not have to work as hard (or perhaps not at all) in order to stay comfortable, and no one here seems to be suggesting that any of the choices are easy, but if you fail to act because you are afraid or you want someone to teach you, then you likely are going to miss out upon a lot of possibilities to help to secure your future with better kinds of assets and even having savings that hold its value. Experience is a great teacher, so jump the fuck in and get started, and if you feel that you do not have enough competence then just start with basics, which is figuring out the kinds of assets or money that hold their value the best and stock up on them, and if you finally at some point come to realize that bitcoin is likely amongst the best of assets (if not the best) then you may well both figure out that you need to learn about bitcoin and you may well figure out that you need to engage in some behaviors to save up upon it, perhaps with a certain amount of aggressiveness, but at the same time, hopefully not so much aggressiveness that you end up recking yourself because you got greedy and you failed./refused to keep enough money in cash (or perhaps other less valuable than bitcoin assets that you can spend) in order to be able cover your various monthly expenses without having to tap into your bitcoin stash during its building and accumulation and compounding stages, which could well take you 10-30 years to build to a meaningful level and to learn how to sufficiently safeguard it too.. and no one is saying that any of these matters are easy, even though you likely will be advantaged by making efforts to learn and to put your learnings into practice earlier rather than waiting around... and hoping that someone teaches you how to be financially and self-preservingly competent. [edited out]
Yes, it's not possible anymore, but I'm sure that many of them do this kind of thing, there are several reasons, one of which is because they panic, and what we see a lot of is from those who are already from the beginning to take advantage in a short time, and they keep doing it. They still get benefits, but in this case there are things they might miss, namely when suddenly bitcoin moves up they will be a little behind. I prefer those who sell bitcoin because their original intention was only to take advantage of a short rise, rather than those who panic because some people say that bitcoin might touch a price lower than the lowest price bitcoin reached some time ago. I have seen some of them saying that bitcoin will hit 12k or lower, like you said, so they decided to sell their bitcoin because they want to get the lowest price. Not wrong, but if we prepare from the beginning for that possibility, we don't have to sell bitcoin quickly, because of course with careful preparation we will be prepared to buy back bitcoin at the lowest price. Most people like that are not committed to what they planned at the beginning. Yes, each person has to choose their own path, and the reasons for the sales might NOT always be the same in terms of how much they actually know about bitcoin or how much commitment that they have in regards to bitcoin as a long term investment, so sometimes they will create various entrance and exit strategies (price points), Yes is true, if everybody have the same thought that will be extremely not okay, some people have to go the wrong way for others to hear something good, I am not saying that. Each of us has to choose the best path for ourselves in order to make sure that we have a situation in which we can increase our chances for having a better life and preserving value... but the mere fact that we are able to win does not mean that others have to lose. That is retarded kind of thinking.. to be acting as if the value is a fixed pie - since there are some things in life in which others do not have to lose in order for each of us to strive towards winning. Part of the thing about some people winning and other people not winning is that some people have BIGGER obstacles, bad luck and sometimes they just make dumb choices.. or they choose to gamble rather than being prudent and reasonable in their investment approaches.. or they fail/refuse to learn, so instead of investing they engage in gambling while erroneously "believing" that they are investing. I have lived a life of honor and I have understand that their are some people who hear good things through bad things, just imagine a Case were a scammer tells someone who don't know anything about Bitcoin because he's trying to scam the client, that learning good from a bad reputative person, mean while a good investor doesn't live he's life so low because he's not working for the more but taking risk and if the money comes it takes grace for the investors to use the money wisely.
Well sure.. there are scammers in the world, so each of us is responsible for our own behaviors and our own actions, including if we are willing to follow scammers who might be showing us short-cuts in regards to how to get rich quicker. Each of us has to figure out these matters, and there are some kinds of investments that are not scams, including but not limited to bitcoin... and if you don't recognize and appreciate the value and power of bitcoin then maybe that is upon you to figure out how to learn moar better.. and to be careful in regards to who you trust, including sometimes storing your coins in such ways because you are trying to get yield, when you may well be (and likely are) better off by storing your own keys and being careful in any kinds of third party custodian solutions/services , even though sometimes using some third party services might sometimes be acceptable and beneficial as long as you do not put all (or large portions) of your BTC stash into those kinds of services. [edited out]
Yes, it's not possible anymore, but I'm sure that many of them do this kind of thing, there are several reasons, one of which is because they panic, and what we see a lot of is from those who are already from the beginning to take advantage in a short time, and they keep doing it. They still get benefits, but in this case there are things they might miss, namely when suddenly bitcoin moves up they will be a little behind. I prefer those who sell bitcoin because their original intention was only to take advantage of a short rise, rather than those who panic because some people say that bitcoin might touch a price lower than the lowest price bitcoin reached some time ago. I have seen some of them saying that bitcoin will hit 12k or lower, like you said, so they decided to sell their bitcoin because they want to get the lowest price. Not wrong, but if we prepare from the beginning for that possibility, we don't have to sell bitcoin quickly, because of course with careful preparation we will be prepared to buy back bitcoin at the lowest price. Most people like that are not committed to what they planned at the beginning. Yes, each person has to choose their own path, and the reasons for the sales might NOT always be the same in terms of how much they actually know about bitcoin or how much commitment that they have in regards to bitcoin as a long term investment, so sometimes they will create various entrance and exit strategies (price points), so they might not even be panicking in regards to carrying out their plan.. but they still might not be as informed about bitcoin as they believe that they are... and I am not even suggesting that any of us really know where the BTC price is going to go, even though at the same time, it seems to me to be better to prepare for considerable upside scenarios, even if we might not believe the BTC price to go there. very good contribution, In my opinion, identifying a good Bitcoin investor implies considering characteristics such as persistence, self-discipline and a deep knowledge of how Bitcoin works. These qualities are essential to succeed in this world. Although investing in BTC or cryptocurrency in general is not a fast track to getting rich, it can be profitable with a long-term perspective and well-informed decisions. and above all, recognize the inherent risk and not panic and make a move that harms the investor, due to the high volatility in this type of investment. Therefore, I would recommend investing only the money that you can afford to lose. A good additional piece of advice would be to have a job with a stable income that is not affected by investments, to avoid compromised financial situations. You do not need to know everything, and you can learn as you go... including starting out by investing a small amount and then building your investment as your knowledge improves and maybe your cashflow also improves, then you might be able to dedicate more towards investing into bitcoin and also learning how to preserve and secure your investment becomes more and more important as the size of the investment grows, so the more that the investment grows, the more incentive that investors will have to learn more about their investment and to learn about ways to safeguard it.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Nwada001
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2023, 01:21:11 AM |
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Good bitcoin investors are those who known keys of success and just getting good profit from bitcoin does not means that you are good investors because 1 or 2 consecutive profit can also be obtained without knowledge and keys of success. A person will be good investor if he Put money even he knows about risk and did not feel fear but he works hard to get profit by solving the risk.
Good investors move forward according to the plan and he maintain certain percentage for buying and selling of coin. Bitcoin is a successful coin but a wise individual can get benefit from it because just using money to buy bitcoin is not worthy but taking profit matters a lot.
I am trying to translate the meaning of what you are saying, but it seems grammar and typographical errors are a barrier here. To me, one could be considered a good investor if he or she has the ability to foresee every reasonable doubt about the rise and fall of Bitcoin and yet chooses to make an investment. There is no investment that has no risk involved in it; there is always risk involved, but the ability for one to manage and reduce those risks to a minimal level is what makes the person outstand his competitor when it comes to profit making. As a good investor, you should know how to overcome fear and overlook some fuzz in order not to be a victim of panic selling, which could make you record losses instead of making some profits.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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Makus
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2023, 05:02:00 AM |
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As you grow up, you learn certain kinds of competencies, and even if you did not officially learn how to manage your finances, at some point in life, you likely will need to learn how to manage your finances, and if no one teaches you, then you have to learn yourself, including learning how to invest, since if you do not invest, then you are likely going to have to continue to work until you die.. Of course, there might be some state systems that might help you out, but there likely is some value in terms of figuring out ways to improve your own situation rather than relying upon systems that may or may not hold up at times when you would prefer to discontinue working..
There should be some value in terms of building wealth in your youth, so that at some point when you get older you will not have to work as hard (or perhaps not at all) in order to stay comfortable, and no one here seems to be suggesting that any of the choices are easy, but if you fail to act because you are afraid or you want someone to teach you, then you likely are going to miss out upon a lot of possibilities to help to secure your future with better kinds of assets and even having savings that hold its value.
Experience is a great teacher, so jump the fuck in and get started, and if you feel that you do not have enough competence then just start with basics, which is figuring out the kinds of assets or money that hold their value the best and stock up on them, and if you finally at some point come to realize that bitcoin is likely amongst the best of assets (if not the best) then you may well both figure out that you need to learn about bitcoin and you may well figure out that you need to engage in some behaviors to save up upon it, perhaps with a certain amount of aggressiveness, but at the same time, hopefully not so much aggressiveness that you end up recking yourself because you got greedy and you failed./refused to keep enough money in cash (or perhaps other less valuable than bitcoin assets that you can spend) in order to be able cover your various monthly expenses without having to tap into your bitcoin stash during its building and accumulation and compounding stages, which could well take you 10-30 years to build to a meaningful level and to learn how to sufficiently safeguard it too.. and no one is saying that any of these matters are easy, even though you likely will be advantaged by making efforts to learn and to put your learnings into practice earlier rather than waiting around... and hoping that someone teaches you how to be financially and self-preservingly competent.
Thank you sir for the advice, with all these words of encouragement it shows that you truly care for newbies like me, I appreciate your efforts in the growth of those in need of a catalyst. With these uplifting words I am now Willing to invest as all doubt has been cleared. Thank you mr JayJuanGee.
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Ryu_Ar1
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2023, 06:47:22 AM |
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[edited out]
Yes, it's not possible anymore, but I'm sure that many of them do this kind of thing, there are several reasons, one of which is because they panic, and what we see a lot of is from those who are already from the beginning to take advantage in a short time, and they keep doing it. They still get benefits, but in this case there are things they might miss, namely when suddenly bitcoin moves up they will be a little behind. I prefer those who sell bitcoin because their original intention was only to take advantage of a short rise, rather than those who panic because some people say that bitcoin might touch a price lower than the lowest price bitcoin reached some time ago. I have seen some of them saying that bitcoin will hit 12k or lower, like you said, so they decided to sell their bitcoin because they want to get the lowest price. Not wrong, but if we prepare from the beginning for that possibility, we don't have to sell bitcoin quickly, because of course with careful preparation we will be prepared to buy back bitcoin at the lowest price. Most people like that are not committed to what they planned at the beginning. Yes, each person has to choose their own path, and the reasons for the sales might NOT always be the same in terms of how much they actually know about bitcoin or how much commitment that they have in regards to bitcoin as a long term investment, so sometimes they will create various entrance and exit strategies (price points), so they might not even be panicking in regards to carrying out their plan.. but they still might not be as informed about bitcoin as they believe that they are... and I am not even suggesting that any of us really know where the BTC price is going to go, even though at the same time, it seems to me to be better to prepare for considerable upside scenarios, even if we might not believe the BTC price to go there. very good contribution, In my opinion, identifying a good Bitcoin investor implies considering characteristics such as persistence, self-discipline and a deep knowledge of how Bitcoin works. These qualities are essential to succeed in this world. Although investing in BTC or cryptocurrency in general is not a fast track to getting rich, it can be profitable with a long-term perspective and well-informed decisions. and above all, recognize the inherent risk and not panic and make a move that harms the investor, due to the high volatility in this type of investment. Therefore, I would recommend investing only the money that you can afford to lose. A good additional piece of advice would be to have a job with a stable income that is not affected by investments, to avoid compromised financial situations. IMO in conditions like this you just have to focus on what you are aiming for is actually very good in my opinion. We have our own goals in this case even if what you say is right but it doesn't mean it will be right for other people so in this case focusing on what you want to achieve is something that is actually good for you. To say invest what you can afford to lose actually I don't really agree with phrases like this. indeed I know that bitcoin has risks but I am here and investing in bitcoin not to lose the investment I made and it is supported by some learning and how bitcoin progresses so I don't want to lose the money I invested. Bitcoin is something that is very good and worth investing in so I don't want to miss something like this and when you feel that losing your money doesn't matter then indirectly this becomes less meaningful in your process because you feel it doesn't matter if we lose because we have tried. but my concept, I prefer to try my best and don't want to lose what I invested here because I don't think this will get lost and lost if we do it the right way.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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knowngunman
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2023, 07:13:04 AM Merited by JayJuanGee (1) |
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As you grow up, you learn certain kinds of competencies, and even if you did not officially learn how to manage your finances, at some point in life, you likely will need to learn how to manage your finances, and if no one teaches you, then you have to learn yourself, including learning how to invest, since if you do not invest, then you are likely going to have to continue to work until you die.. Of course, there might be some state systems that might help you out, but there likely is some value in terms of figuring out ways to improve your own situation rather than relying upon systems that may or may not hold up at times when you would prefer to discontinue working..
To put it straight, investment is the future. When you fail to invest, you're toying with your future. No state system will continue to be helping you till you die unless you die early. Here in my state, the system will help you for certain number of years and stop when you reach that year. By the way, it's not for everyone again, only those opportune to be their slave and work for them tirelessly. Either you die or not, once you attain that age limit you'll be left alone for yourself irrespective of your condition. There's no perfect time to start investing than now, every opportunity that comes our way should be wholly grabbed because the state system will definitely fail you. Bitcoin is however recommended for investment now and tomorrow.
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tjtonmoy
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July 22, 2023, 10:11:34 AM Merited by JayJuanGee (1) |
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I think it's all about knowing what Bitcoin really is. If you know what you are doing and with what, it will make you the best on that subject. Know and learn your stuff and plan accordingly. That's what a good investor is to me. Bitcoin is a long-term investment plan. If you are a trader, you can make quick money by taking advantage of the volatile market. But if you truly want to invest in Bitcoin, you need to have a long-term mindset. Because with Bitcoin, all you need is time. After that time, you can just sell at high and book your profits. So it all comes down to how well you know what you are investing in. Plan it out and execute that plan. But nothing is 100% guaranteed in the crypto world. Be sure to make a plan for that too. Plan out how much you can afford to lose. Bitcoin does not take away all your investment. In time, you will get back what you invested. If you have the will to hodl longer, you will get profits too.
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Patrol69
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Patience is the tool use to determine a good BTC investors, because many BTC investors has failed in so many ways not to earn well from their investment, just because they didn't exercise patience to hold for the right time to come. Any BTC investors that Carry patience along in his or her investment, it is very difficult for such investors to miss it in future, you know why? he or she will be counting some months or years he or she has been holding that particular coin which he or she believe that the price will definitely come through for he or she to smile at the end, that is what make someone a good investor. Over a month now, the price of BTC is still around $30k and many investors who don't endure any longer will sell , but those potential investors that Carry patience will not sell until the price hit $80k or $100k before they can sell to make a good result.
yes, indeed patience is one of the keys to good success in investing in btc, because indeed if we are impatient in investing in btc then of course there will be the potential for losses, so investing in btc really requires a strong mentality so that it has the potential to make a profit. so a great btc investor is an investor who works hard at everything and never gives up. so investing in btc is not easy because you have to keep learning to find extensive knowledge. We all know Bitcoin is a digital currency. If you want to trade bitcoin then you need to know well about bitcoin first then you have to invest in it. You can't expect the profit you will get with Bitcoin investment because actually these things work skills and strategy play a very important role. When you trade bitcoin coins you have to time it all the time thinking you have to buy in short market and sell when the market goes up. If you trade Bitcoin like this I believe you will take some time here but it will bring success in your life. To start trading Bitcoin, you must first do a thorough research on the market. When a newbie is interested in investing he never notices these things due to which he is exposed to risk. However, before investing in Bitcoin you need to follow the advice of an experienced and knowledgeable investor to be profitable. It is true that before investing it is important to observe various important researches properly as well as adopt various market strategies. And to invest in Bitcoin, you must invest when the market is in a bear market and wait for a bull market. If you invest by adopting such practices, you will definitely get success, if you invest without knowing the future, it is sure that you will face losses. So in investing or trading one always needs to adopt different strategies and gain experience to expect something bright in future. The thought that we have to make a profit by investing cannot be brought to our mind first, first you have to think how you can get enough knowledge about investing. If at first the thought of how to make profit comes to mind then we can never acquire proper knowledge about investment so first of all we have to learn. After acquiring various investment concepts you need to control your emotions along with the ability to take risks and have enough patience. All of these factors are essential to succeed in investing.
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JayJuanGee
Legendary
Online
Activity: 3836
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Self-Custody is a right. Say no to"Non-custodial"
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July 22, 2023, 01:48:26 PM |
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[edited out]
IMO in conditions like this you just have to focus on what you are aiming for is actually very good in my opinion. We have our own goals in this case even if what you say is right but it doesn't mean it will be right for other people so in this case focusing on what you want to achieve is something that is actually good for you. To say invest what you can afford to lose actually I don't really agree with phrases like this. indeed I know that bitcoin has risks but I am here and investing in bitcoin not to lose the investment I made and it is supported by some learning and how bitcoin progresses so I don't want to lose the money I invested. It seems to me that the expression, "don't invest more than you can afford to lose" has at least a couple of angles. First, you have to realize that any investment, no matter what (including bitcoin) has a potential to either go to zero or to spiral downwardly in value. Of course, many of us have concluded that bitcoin's investment thesis is quite strong and so in that regard, it has pretty damned good odds of gravitating in the upward direction with the passage of time, even though there might be a lot of volatility along the way and even extended periods of negative price performance. So yeah.. no one wants to lose money in any investment that they take, but if you are not accepting the fact that either your investment could spiral downward, go to zero or fail/refuse to go up within the time period of your investment, then perhaps you have invested too much into such investment (in this case bitcoin). Second, another aspect of "not investing more than you can afford to lose" has to do with managing your short-to-medium cashflows and your emotions. So for sure you need to be budgeting your investment into bitcoin in such a way that you do not overdo it and you have enough money to cover all of your monthly expenses - including being able to cover such monthly expenses for very long periods of time without having to rely upon bitcoin - or having to cash out of some of it at such a time that is not of your choosing (which could well be at times when the BTC price has gone down or is in low periods). Of course if you are greatly in profits, then it might not even matter if the BTC price dips greatly and for extended periods of time, because you are still in profits even if you end up cashing out some BTC (on a kind of as needed rather than panic basis) to cover expenses. So surely, the emotional component can affect you the more that your finances end up being stressed. I think that it is an important concept to keep in mind.. "don't invest more than you can afford to lose" .. even if many of us consider the investment thesis of bitcoin to be quite strong, including the likelihood of it spiraling down or going to zero to be quite low, as well. Bitcoin is likely the best asymmetric bet that anyone has available in current times, so even though that may well signal that it is acceptable to be decently aggressive in your investment approach into bitcoin, it still does not protect anyone from either overdoing their aggressiveness and recking themselves or that some circumstance could come about or happen that negates the strength of bitcoin's currently strong investment thesis and in those kinds of scenarios any of us who are mostly invested in bitcoin lose money including that if bitcoin is cascading to zero, there might not be any ways to get out or to be able to recover the value of your investment, and any of us should be prepared for those kinds of scenarios, even if we might consider them to be low probabilities, they are not zero probability outcomes. Bitcoin is something that is very good and worth investing in so I don't want to miss something like this and when you feel that losing your money doesn't matter then indirectly this becomes less meaningful in your process because you feel it doesn't matter if we lose because we have tried. but my concept, I prefer to try my best and don't want to lose what I invested here because I don't think this will get lost and lost if we do it the right way.
You seem to be thinking about the idea of "don't invest more than you can afford to lose" in the wrong way, and surely any of us could end up losing, even if we do the right thing... Sure, losing might be a low probability event, but it is a non-zero scenario, and if you are failing/refusing to account for that, then you are likely not allocated and/or diversified properly. Don't get me wrong. I do not agree with the concept of diversifying for the mere sake of diversification, and surely I don't believe that fucking around with shitcoins is actually sufficient diversification, since they are all dependent upon bitcoin's performance... but if you start to acquire a lot of bitcoin, and let's say 2-5 years of your annual income is in bitcoin, and you don't have any other investments, you might well start to consider that you are not sufficiently hedged for the possibility that your bitcoin investment might go to zero. Sure, the younger that you are, then maybe the longer timeline that you have to build your investment, so part of the reason that young people can afford to be more risky than older people because if you are getting to be in your late 40s or older, you are not going to be able to tolerate losing everything as much as someone in their early to late 20s. Surely, I have been an advocate for concentrating your investment in your earlier years, while you are building your investment portfolio, but once your investment portfolio gets to a certain size, there is a need to protect against the going to zero scenarios of any of the assets contained within your investment portfolio, even if you consider those going to zero scenarios to be quite low.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Furious 7
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July 22, 2023, 03:14:16 PM Merited by JayJuanGee (1) |
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The topic arises when the animosity of bitcoin maximalists on the forum and Twitter towards altcoin holders is at its minimum. It is now the wisest course of action for bitcoin maximalists to embrace the potential benefits of both altcoins and bitcoins, fostering authentic discussions across all platforms. This will enable them to devise the most effective strategies and execute them at the opportune moment
I think for this matter regardless of being a maximalist or not as long as we hold bitcoin in the right way as an investor then we will benefit. The debate about bitcoin and altcoins I think is not one of the things that can be done because we know that the result remains when talking about opportunities that bitcoin is very much superior. But indeed we are adults to think about what we want to achieve, I want to focus on the bitcoin I have now and the goal is clear with the progress of bitcoin now. On the other hand, I also will not be firm with my choice by assuming others are wrong because in the end they also have their own ways such as being in altcoins when it is their choice then do it. I don't consider myself a maximalist in this regard but I love bitcoin and regardless of how people view it with maximalists or not I don't really have a problem with it.
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