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Author Topic: Why Not Just Buy BTC?  (Read 676 times)
Oneandpure
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July 09, 2023, 12:57:34 PM
 #101

Future trading is not even bad, though for those who really know how to trade very well, there are people who make  profit from future trading. The truth is that they encounter losses sometimes, while those who only buy low and sell high during a bull market have nothing to lose because they did not sell when the price was low. I know a trader who has been trading for a year and is not giving up; he's living large and still has some Bitcoin in his hold, which he doesn't use for his future trades. I like the idea that I can still hold some Bitcoin and still do future trading with some fraction, although it depends on how good I am with trading.
Not bad if you manage well research and actually have much funding fund when near close with liquidation has chance to make it far, but difference with trader have small fund and future trading can make them loss their capital after liquidation. Bad have good side from future trading without waiting with coins up to higher price because has short position, for spot trading actually we are waiting price up for taking profit but future trading has two chance earn profit trough bitcoin or altcoin going up and down. First time I tried with future trading looks promising and earn much profit, but greedy and too loyal waiting for longer time after earn above 30% profit make me loss much in future trading until quit right now and focus with spot trading only.

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July 09, 2023, 02:37:54 PM
 #102

Buying and holding Bitcoins will be a good decision for you. If you buy bitcoin now and save it for the future and keep your wallet secure, this bitcoin can give you a lot in the future. You may say that there are many other coins in the market because there are only bitcoins and there is no possibility of profit if you buy those coins? Other coins in the market are dependent on bitcoin, if the value of bitcoin increases then the value of other coins will increase and investing in bitcoin is as safe as investing in other coins but not as safe. I think it is always a good decision to invest in Bitcoin, mainly with security in mind. If you want to invest in a coin outside of Bitcoin, you can invest in some ALT coins.
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July 10, 2023, 04:19:08 AM
 #103

The strategy you are thinking of is not bad, in fact, in my opinion, it is a very good and simple plan to implement. Because basically, we as investors in bitcoin or investors in crypto, buy when the price is cheap/down and sell it at an expensive/increasing price. Basically it is like that. So if you buy bitcoin or USD and save it, it will be very potential and very good for your future. Especially to be more precise about storing bitcoin assets. because the potential for bitcoin in the future will be very large.

And it is true that according to the cycle that always occurs in bitcoin, next year there will indeed be a bitcoin halving, which usually occurs once every four years. With this halving, the price of bitcoin usually always experiences a fairly high increase. So buying bitcoins now and saving them for the upcoming halving is definitely a very good idea or strategy to implement.
but also usually with an increase in bitcoin it will be followed by an increase in altcoins, therefore we must be good at managing finances to get bigger profits. However, you have to be careful when choosing an altcoin to invest in, of course there are some decent altcoins to invest in, even though investing in bitcoin alone is a good choice. and of course shitcoin will move wildly, but we have to be more observant in analyzing and observant in managing finances, because it has a very big risk
Not usually but altcoins go up every time when Bitcoin's price goes up, it has always been that way and I don't think that will change even in the future, so when trading altcoins, one should keep in mind that they are not independent and they will only grow if Bitcoin grows, or they will drop if Bitcoin drops. And it is obviously the very first thing to do proper research and analysis before choosing to invest in any altcoin out there because not all of them are worth it.

A good trader will never get greedy and invest in coins or tokens that go up and down wildly only to get more profits because with more rewards comes greater risks, so when you are investing in an altcoin only for the quick profits, you might end up losing your capital in that investment.

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July 10, 2023, 04:37:19 AM
 #104

the strategy is like that, buying bitcoin, then keeping it quiet until the price rises high. After that, it's up to you whether you want to sell it, or wait for a higher price. However, this is quite risky because we don't know when the bitcoin price will drop again.
Besides, why don't people buy bitcoin when they believe that the price of bitcoin will increase in the future, it's because of limited costs. because of this, many people are enthusiastic about trading, investing in altcoins, and others so that they can have extra money to invest in bitcoins.

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July 10, 2023, 08:56:31 AM
 #105

What? Do you want to leave your BTC on an exchange like Coinbase? No Dude.

the strategy is like that, buying bitcoin, then keeping it quiet until the price rises high.
That's always the plan. Those that have got enough experience in this market, know how to do it. There's no need to complicate things, perhaps if you've got a better strategy that works for you while others are suggesting some other strategies they think are working for them.
Stick to your plan and what you've learned and been applying all of this time.

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July 10, 2023, 10:48:59 AM
 #106

Bitcoin (BTC) is an investor choice because of Bitcoin position as a pioneered currency and its potential for long term appreciation. BTC has established itself as a store of value through Bitcoin limited supply and growing mainstream adoption. Investors can participate in the potential upswing of the cryptocurrency market as a whole by buying Bitcoin. The decision to buy Bitcoin or explore other investment opportunities depends on personal risk, investment goals, tolerance and market dynamics.

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July 10, 2023, 11:58:09 AM
 #107

Not usually but altcoins go up every time when Bitcoin's price goes up, it has always been that way and I don't think that will change even in the future, so when trading altcoins, one should keep in mind that they are not independent and they will only grow if Bitcoin grows, or they will drop if Bitcoin drops. And it is obviously the very first thing to do proper research and analysis before choosing to invest in any altcoin out there because not all of them are worth it.

A good trader will never get greedy and invest in coins or tokens that go up and down wildly only to get more profits because with more rewards comes greater risks, so when you are investing in an altcoin only for the quick profits, you might end up losing your capital in that investment.
Altcoins globally repeat the movements of bitcoin, but locally there are times when altcoins show significantly greater growth than bitcoin.

A big partnership, or positive news about the project, can trigger a very good pump, so it is said that altcoins for trading can be more profitable than bitcoin. But firstly, such moments are not always easy to predict, and secondly, the altcoin price does not always react to the news with such a large increase as expected. Sometimes a pump can happen without a news background, and it seems to me very difficult to determine it initially.

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July 10, 2023, 12:03:39 PM
 #108

Buying and holding Bitcoins will be a good decision for you. If you buy bitcoin now and save it for the future and keep your wallet secure, this bitcoin can give you a lot in the future. You may say that there are many other coins in the market because there are only bitcoins and there is no possibility of profit if you buy those coins? Other coins in the market are dependent on bitcoin, if the value of bitcoin increases then the value of other coins will increase and investing in bitcoin is as safe as investing in other coins but not as safe. I think it is always a good decision to invest in Bitcoin, mainly with security in mind. If you want to invest in a coin outside of Bitcoin, you can invest in some ALT coins.
It is always a good choice but I don't think holding will work for someone who doesn't have trust and faith in Bitcoin.
Why not BUY Bitcoin? Because it not only gives us profit but we are into crypto adaption which we can use BTC as a payment option, we're making our life pretty easy. Well, people had considered this an investment and can't deny that people had come and taken the risk because of "earning profit". But I encourage people not to just focus on Bitcoin alone, we also have to consider potential altcoins.

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July 10, 2023, 12:19:18 PM
 #109

Buying and holding Bitcoins will be a good decision for you. If you buy bitcoin now and save it for the future and keep your wallet secure, this bitcoin can give you a lot in the future. You may say that there are many other coins in the market because there are only bitcoins and there is no possibility of profit if you buy those coins? Other coins in the market are dependent on bitcoin, if the value of bitcoin increases then the value of other coins will increase and investing in bitcoin is as safe as investing in other coins but not as safe. I think it is always a good decision to invest in Bitcoin, mainly with security in mind. If you want to invest in a coin outside of Bitcoin, you can invest in some ALT coins.
It is always a good choice but I don't think holding will work for someone who doesn't have trust and faith in Bitcoin.
Why not BUY Bitcoin? Because it not only gives us profit but we are into crypto adaption which we can use BTC as a payment option, we're making our life pretty easy. Well, people had considered this an investment and can't deny that people had come and taken the risk because of "earning profit". But I encourage people not to just focus on Bitcoin alone, we also have to consider potential altcoins.
yes potential altcoin, you can buy it but for a short term investment planning. whereas Bitcoin, those who hold Bitcoin for a long time are already seeing results. Bitcoin does not disappoint as an investment, or those who use Bitcoin as a transaction tool. some people cannot use Bitcoin as a means of payment for goods and services because of regulations in their government. so more are currently holding Bitcoin for long term investment.

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July 10, 2023, 01:51:43 PM
 #110

Bitcoin (BTC) is an investor choice because of Bitcoin position as a pioneered currency and its potential for long term appreciation. BTC has established itself as a store of value through Bitcoin limited supply and growing mainstream adoption. Investors can participate in the potential upswing of the cryptocurrency market as a whole by buying Bitcoin. The decision to buy Bitcoin or explore other investment opportunities depends on personal risk, investment goals, tolerance and market dynamics.
What has happened to the price of Bitcoin from the past to the present, in my opinion, there is nothing to doubt about buying Bitcoin, if there is someone who has known bitcoin for a long time, the reason they don't buy Bitcoin is not about trust, but about capital that cannot be invested. for the long term.
I myself think so, if spending money that will be used for monthly needs to buy Bitcoin is very risky because Bitcoin moves very quickly, but for the long term, I have never doubted it.

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July 10, 2023, 03:22:00 PM
 #111

Buying and holding Bitcoins will be a good decision for you. If you buy bitcoin now and save it for the future and keep your wallet secure, this bitcoin can give you a lot in the future. You may say that there are many other coins in the market because there are only bitcoins and there is no possibility of profit if you buy those coins? Other coins in the market are dependent on bitcoin, if the value of bitcoin increases then the value of other coins will increase and investing in bitcoin is as safe as investing in other coins but not as safe. I think it is always a good decision to invest in Bitcoin, mainly with security in mind. If you want to invest in a coin outside of Bitcoin, you can invest in some ALT coins.
It is always a good choice but I don't think holding will work for someone who doesn't have trust and faith in Bitcoin.
Why not BUY Bitcoin? Because it not only gives us profit but we are into crypto adaption which we can use BTC as a payment option, we're making our life pretty easy. Well, people had considered this an investment and can't deny that people had come and taken the risk because of "earning profit". But I encourage people not to just focus on Bitcoin alone, we also have to consider potential altcoins.
yes potential altcoin, you can buy it but for a short term investment planning. whereas Bitcoin, those who hold Bitcoin for a long time are already seeing results. Bitcoin does not disappoint as an investment, or those who use Bitcoin as a transaction tool. some people cannot use Bitcoin as a means of payment for goods and services because of regulations in their government. so more are currently holding Bitcoin for long term investment.
yeah that's true, it's all depends startegy trading that you used between short term or long term, the best option for BTC is DCA bought this coin every dumpt but for Altcoin bought for only swing trading and never forget for out of market If you've reached your desired profit target that's was really simple but take time for read carefully situation of market

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July 10, 2023, 05:33:36 PM
 #112

This strategy has been followed by many big investors for a long time. However you can buy btc and store it in coinbase wallet and as far as I'm concerned there won't be any problem. In fact i have been using coinbase wallet for many years without any danger. Moreover, hide all your information and especially mail.
But if you get a bull market then it is better to sell even buying at this time is like a big competition for you target.
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July 10, 2023, 08:09:53 PM
 #113

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?


You can buy more Bitcoin if you want as long as you can manage to keep and hold them for awhile while waiting for the bull season to earn a profit but I don't suggest storing it on Coinbase or any exchanges. It was a big mistake of using an exchange wallet as a storage wallet as you are making your investment close to losing as whatever will happen to the said exchanges like hacking, your funds will also lose. Just think about the security and it was best to have it in your control rather than relying on the security of the exchanger.

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July 10, 2023, 08:42:53 PM
 #114

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?



Yes, it is true. It is very easy to buy. But holding it until you get to the desired price to take profit is what makes it difficult. Not all people have the mental capacity to handle drawdowns and see their funds melt down to negative. They become afraid and instead of holding or buying more, they sell it. Because when you are euphoric it is very easy to buy, when you are fearful, it is very easy to sell your position.  They don't have realistic timelines and expectations. They don't have a plan for when to average down on their position.

Just buying btc and holding it is not a strategy. A strategy consists of managing risk, psychology, and your position. Getting in the move is the easiest.
I have to agree with you mate. Buying btc is so easy that it can be done with anyone who’s willing to spend for it, but battling its price volatility that will cause its price to drop to its lowest and preventing yourself not to panic is the most difficult thing. It takes a more disciplined and determined mind to process that. However, if you are investing with adequate knowledge and experience, that won’t be a problem. Just never trust an exchange for long term hodling. Know where to store your coins so you can assure its safety and security from scammers and hackers around.
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July 10, 2023, 08:59:26 PM
 #115

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?


Buying bitcoin is always a great move. But putting it into an exchange within an indefinite time, that will be a very wrong move. You will never have the assurance if you will still benefit or profit from it in the end as you might wake up one day losing all your bitcoin because the exchange you trusted suddenly become insolvent and was forced to close their operation. Do not wait for the reality to hit you. Just keep your bitcoin safe by storing it in  your personal and non-custodial wallet. That way, you will gain the full control of the security of your coins.

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July 10, 2023, 10:49:01 PM
 #116

Why Not Just Buy BTC?
Some think BTC is too expensive, it is better to buy coins in ICO stage to make massive profits. This was the mistake I made. I had two set of friends, the bitcoin believers and the shitcoins believers. My shitcoin friends were more tech sevy and I followed them. In the end the bitcoin believers were right and they have peace of mind and in possession of cool BTC. My altcoin friends made it in a more difficult way. But then, I am happy for peace of mind.

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
This should not be the reason you buy Bitcoin. Their predictions may fail. Buy bitcoin out of your own conviction.

The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?


Buy and move it to your personal waller.

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July 10, 2023, 11:46:17 PM
 #117

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?
Buying bitcoin is always a great move. But putting it into an exchange within an indefinite time, that will be a very wrong move.
It’s a typical case of having to do the right thing in a way that puts you at risk and can easily result in the waste of your efforts. Bitcoin is decentralized and though there exist centralized systems within its space, there are rules to its usage and one of those is never to store or save your coins on an exchange.
The few exchanges that happens to have gone out of business or liquidated customers asset should be a reminder but, sadly no one takes these seriously.

Exchanges serve you more in trading but afterwards, saving your coins in a noncustodial wallet should be your best move to ensure proper security of your asset.

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July 11, 2023, 10:26:28 AM
 #118

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?


Buying bitcoin is always a great move. But putting it into an exchange within an indefinite time, that will be a very wrong move. You will never have the assurance if you will still benefit or profit from it in the end as you might wake up one day losing all your bitcoin because the exchange you trusted suddenly become insolvent and was forced to close their operation. Do not wait for the reality to hit you. Just keep your bitcoin safe by storing it in  your personal and non-custodial wallet. That way, you will gain the full control of the security of your coins.
With a good start it must be accompanied by a good decision, namely storing Bitcoin in a personal wallet,
Losing due to careless decisions is sometimes harder to accept,
before in the end regret immediately secure the Bitcoin.

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July 11, 2023, 12:57:05 PM
 #119

This strategy has been followed by many big investors for a long time. However you can buy btc and store it in coinbase wallet and as far as I'm concerned there won't be any problem. In fact i have been using coinbase wallet for many years without any danger. Moreover, hide all your information and especially mail.
But if you get a bull market then it is better to sell even buying at this time is like a big competition for you target.
Your suggestion is really nice to my understanding, but I suggest that if you want to purchase bitcoin and store your bitcoin wallet that will be protected i will advice you to use electrum wallet  in which everyone is aware that it have a privacy and whenever you want to sell your bitcoin during the time of bullish market it will be very simple and easier to transfer the specific amount of coin needed directly to any exchange wallet, while it's recommendable to use Electrum wallet is as result of security of your bitcoin in the wallet
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July 11, 2023, 04:00:28 PM
 #120

This strategy has been followed by many big investors for a long time. However you can buy btc and store it in coinbase wallet and as far as I'm concerned there won't be any problem. In fact i have been using coinbase wallet for many years without any danger. Moreover, hide all your information and especially mail.
But if you get a bull market then it is better to sell even buying at this time is like a big competition for you target.
Your suggestion is really nice to my understanding, but I suggest that if you want to purchase bitcoin and store your bitcoin wallet that will be protected i will advice you to use electrum wallet  in which everyone is aware that it have a privacy and whenever you want to sell your bitcoin during the time of bullish market it will be very simple and easier to transfer the specific amount of coin needed directly to any exchange wallet, while it's recommendable to use Electrum wallet is as result of security of your bitcoin in the wallet
Or at least use a personal wallet because you have to think about security,
using the Electrum wallet is also a good suggestion and it can be considered,
obviously it all depends on the decision of each.

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