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Author Topic: My passion on bitcoin  (Read 513 times)
wxa7115
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September 19, 2023, 03:35:57 AM
 #61

Believe what you think is right OP. Many people have come and invested in Bitcoin, so I don't think we just ignore it while seeing a lot of people are already involved in this. As long as you can afford to take risks and understand how it works, investing in Bitcoin is a great idea. Volatility is not a problem and perhaps, it was important because this will be the reason why we become profitable as we take the opportunity of buying low and are able to sell them high. It was not just we have a passion for doing this but it is all about how we strategies our investment.

Volatility is one of the reasons why people invested in Bitcoin. They knew that the price increases and decreases so fast that they can be millionaires just over a night unlike the traditional forex or stock market. Others may say that it has huge risk but people want that risk and are risking their investment on it. That is why they love Bitcoin aside from making their transactions anonymous and also making it another form of payment method it also gives them a chance to earn extra profit on it just by holding or trading Bitcoin.
It is fine if people decide to trade bitcoin and they do so for the high volatility this market can experiment, however the days in which a person could become rich with bitcoin overnight are way behind us as the volatility of bitcoin is not as extreme anymore, and you will need to trade altcoins to have any chance of achieving those results.

So it is important that those that do not care about bitcoin itself and only care about the profits they can get on the short term to have goals they can actually reach.
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September 19, 2023, 06:05:56 AM
 #62

Bitcoin is one of the most important things to invest in if you have the money to do so. As long as you are knowledgeable about bitcoin and conduct thorough research before making an investment decision, I believe you are free to do so. Even though bitcoin is a decentralised currency and we all know that, there are some countries that it is not accepted in, you are making a good decision by investing in it. In fact, you want to ensure that your future is bright.

Another thing you need to know is that investing in bitcoin is not an instantaneous process where you put money in and immediately reap the rewards. The majority of newbies who join forums believe that investing in bitcoin will make them wealthy over time, which is why they find it difficult to do so or to participate in forums.

.
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September 19, 2023, 06:19:53 AM
 #63

Believe what you think is right OP. Many people have come and invested in Bitcoin, so I don't think we just ignore it while seeing a lot of people are already involved in this. As long as you can afford to take risks and understand how it works, investing in Bitcoin is a great idea. Volatility is not a problem and perhaps, it was important because this will be the reason why we become profitable as we take the opportunity of buying low and are able to sell them high. It was not just we have a passion for doing this but it is all about how we strategies our investment.
Don't just believe what you think is right but evaluate what you see and you will understand what is right. In the case of Bitcoin, it's evident, that the whole world is jumping in, anyone who hears about it and has a check on its history becomes interested in getting in on the ride, and if we don't cash the opportunity while seeing everything with our eyes wide open, there will be nothing left for us, in future, other than regretting not taking the right decisions.

So, people who didn't believe in Bitcoin in the past when it didn't have a high value or this much popularity are regretting their decision now, but we can't blame them because they didn't see what we have seen. So if we don't make use of the opportunities, we will be the only ones to be blamed for that.

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September 19, 2023, 06:57:11 AM
 #64

I'm so passionate on bitcoin since I made research of bitcoin I have being excited in bitcoin and I'm not regretting that I invested in bitcoin with my second saves, its good to read articles containing bitcoin information before deciding to buy bitcoin I have read and I have regret, myself I assured myself that I have not make a mistake by investing in bitcoin, because bitcoin now is what that helps so many arms of people to escape inflation rates in their countries, everywhere you go its all about investment information you will obtain of bitcoin.
 
Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin, and when you think of sending money to people outside the country first thing that will come to your mind is to use Bitcoin. My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.

If i have another financial opportunity I will wish to invest more capital in bitcoin because it is a decentralized currency

Edited corrected by @Upgrade00, thanks sir

Learning is a continuous process

The positive thinking level you have about Bitcoin is good for you to continue and raise it even more. But I also just want to make it clear to you that Bitcoin does not have any power to control the inflation rate or interest rate. The only one who can do that is the government. It's like what you said was the same for me.

And it is also true that it is also good that you continue to learn here in the field of this industry in the world of crypto. Because I'm also sure that what you will learn here will help you maximize the things you should do as Bitcoin holders.

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September 19, 2023, 08:30:33 AM
 #65

I was very interested in investing in Bitcoin at one time but I didn't have any savings at the time so I couldn't do it. But when I learned more about Bitcoin and got to know some details about the market, I became more interested in investing in Bitcoin. Unfortunately I didn't have the money to invest in Bitcoin then if I had invested in Bitcoin I would have almost doubled my profit now. But I later invested and invested from the same position where the bitcoin price was at the time I got paid and I'm still in big profit. Moreover, Bitcoin is often used for various essential tasks in our life and offers many benefits. Moreover, Bitcoin is very necessary to change the economic position of a country and helps the country a lot. So people who are still thinking about investing, they must discuss more about Bitcoin and decide to invest later, it will be very profitable for you in the future.

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September 19, 2023, 10:26:38 AM
 #66

Believe what you think is right OP. Many people have come and invested in Bitcoin, so I don't think we just ignore it while seeing a lot of people are already involved in this. As long as you can afford to take risks and understand how it works, investing in Bitcoin is a great idea. Volatility is not a problem and perhaps, it was important because this will be the reason why we become profitable as we take the opportunity of buying low and are able to sell them high. It was not just we have a passion for doing this but it is all about how we strategies our investment.
Don't just believe what you think is right but evaluate what you see and you will understand what is right. In the case of Bitcoin, it's evident, that the whole world is jumping in, anyone who hears about it and has a check on its history becomes interested in getting in on the ride, and if we don't cash the opportunity while seeing everything with our eyes wide open, there will be nothing left for us, in future, other than regretting not taking the right decisions.

So, people who didn't believe in Bitcoin in the past when it didn't have a high value or this much popularity are regretting their decision now, but we can't blame them because they didn't see what we have seen. So if we don't make use of the opportunities, we will be the only ones to be blamed for that.
You're saying, "Believe what you see, not what you think," and then follow the herd straight to Bitcoin? Contradictory much? You're pushing for an objective evaluation and then making a subjective call based on its popularity. Popularity doesnt always mean its the right choice.

Remember when everyone thought the Earth was flat? Turns out, the majority isnt always right. Bitcoin has shown promise, sure. But its also shown unpredictability. Its crazy; fascinating to watch, but risky to ride without preparation.

While I respect the spirit of seizing opportunities, lets not toss caution to the wind. History has taught us that. And if we ignore those lessons, well, whos the real fool?

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September 19, 2023, 10:49:58 AM
 #67

I was very interested in investing in Bitcoin at one time but I didn't have any savings at the time so I couldn't do it. But when I learned more about Bitcoin and got to know some details about the market, I became more interested in investing in Bitcoin. Unfortunately I didn't have the money to invest in Bitcoin then if I had invested in Bitcoin I would have almost doubled my profit now. But I later invested and invested from the same position where the bitcoin price was at the time I got paid and I'm still in big profit. Moreover, Bitcoin is often used for various essential tasks in our life and offers many benefits.
Many have gone through with that situation as yours. And that has driven us to learn more about Bitcoin and get the idea on how it works.
Once we've got enough knowledge on its volatility and how it's doing if ever we invest now, that pushes us to do something so that we won't miss it.

Moreover, Bitcoin is very necessary to change the economic position of a country and helps the country a lot. So people who are still thinking about investing, they must discuss more about Bitcoin and decide to invest later, it will be very profitable for you in the future.
The impact is bigger for every individual since there are still countries that have been neutral to it. And the few that are against on it.


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September 19, 2023, 12:02:42 PM
 #68


Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin,

I hope you're not investing on bitcoin because others are, you need to have the understanding of why you should invest, where to invest and for how long should your bitcoin investment remain with you on hold, there's also needs to have the background knowledge of how to maintain a security network within the bitcoin network by ot exposing yourself to the people to attack or scam you, not alone with that, you also needs to keep learning to get yourself updated on what's going on in bitcoin network each day and don't overconfidenced yourself as well.

I agree with you. I hope OP and a lot of other people are not just investing because they know a lot of people are investing. It is always best to have a drive of your own, meaning invests because you are actually really personally interested and want to, not just because it is "trending" in your circle. Such a thing can be a problem, especially since there are people who hop on things like this because they want to feel like they belong or can relate to something, and once they start to lose money (because they did not even put any effort to learn the ins and outs of whatever it is they submit themselves to joining) and then they will blame the people around them that "influenced" them to join. I've seen and heard a lot of stories like this.
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September 19, 2023, 06:04:54 PM
 #69

Bitcoin is one of the most important things to invest in if you have the money to do so. As long as you are knowledgeable about bitcoin and conduct thorough research before making an investment decision, I believe you are free to do so. Even though bitcoin is a decentralised currency and we all know that, there are some countries that it is not accepted in, you are making a good decision by investing in it. In fact, you want to ensure that your future is bright.

Another thing you need to know is that investing in bitcoin is not an instantaneous process where you put money in and immediately reap the rewards. The majority of newbies who join forums believe that investing in bitcoin will make them wealthy over time, which is why they find it difficult to do so or to participate in forums.

Among all assets bitcoin is the first priority because it is digital asset that provide you a confirmed earning ability. But one should not think that you will win in a single day because quick profit means that as compared to other assets like gold and real estate the bitcoin investment can give you abrupt profit as fast it reduces so with the same speed it recover back easily.

Before investment remember that you will leave your invested money for upto four years so you will be calm and will not worried about market dips and pumps.

Those who think that they will buy bitcoin and in a month they will be Millionaire so their  thoughts are not good and it will make them discouraged therefore if you want quick profit in a month then you should choose another way because bitcoin is not such a way.
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September 19, 2023, 07:35:37 PM
 #70

Bitcoin is indeed promising, but it's important not to set excessively high expectations for a single asset. What we should be wary of is the potential disappointment when an asset falls short of our expectations, regardless of our confidence level. Anything can happen.

Going all-in on Bitcoin, in my view, is quite simplistic. While it's true that historically, its value has steadily risen, and a halving event is approaching soon, we must remember that humans are prone to unexpected challenges and misfortune. There's a possibility that when you urgently need your savings and the Bitcoin price is lower than your purchase price, you might incur losses if you sell immediately. If you choose not to sell, your problem remains unsolved.

Sometimes, unfavorable timing can lead to losses. Diversification, in my opinion, is a wiser choice. If you lack confidence in altcoins, you might want to explore alternative instruments such as stocks or gold. Without diminishing the primary status of your investment as Bitcoin.
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September 19, 2023, 11:36:16 PM
 #71

Believe what you think is right OP. Many people have come and invested in Bitcoin, so I don't think we just ignore it while seeing a lot of people are already involved in this. As long as you can afford to take risks and understand how it works, investing in Bitcoin is a great idea. Volatility is not a problem and perhaps, it was important because this will be the reason why we become profitable as we take the opportunity of buying low and are able to sell them high. It was not just we have a passion for doing this but it is all about how we strategies our investment.

Volatility is one of the reasons why people invested in Bitcoin. They knew that the price increases and decreases so fast that they can be millionaires just over a night unlike the traditional forex or stock market. Others may say that it has huge risk but people want that risk and are risking their investment on it. That is why they love Bitcoin aside from making their transactions anonymous and also making it another form of payment method it also gives them a chance to earn extra profit on it just by holding or trading Bitcoin.
It is fine if people decide to trade bitcoin and they do so for the high volatility this market can experiment, however the days in which a person could become rich with bitcoin overnight are way behind us as the volatility of bitcoin is not as extreme anymore, and you will need to trade altcoins to have any chance of achieving those results.

So it is important that those that do not care about bitcoin itself and only care about the profits they can get on the short term to have goals they can actually reach.
The problem with this is that while it is up to us to decide what we want to do with the asset whether to trade it or not, when it comes to profit, it is better to make it an Investment rather than a trade.

Trading can be done for more profit but on the other hand it also has the potential to lose money overnight if we take the wrong action in trading. It will be more worth it if indeed this is used as material for investment because at least with something like this we can get a profit and that is certainty if we seriously invest in bitcoin. We also have to think about probability and when we want profit and comfort investment is much more worth it than trading.
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September 20, 2023, 04:59:24 AM
 #72

Moreover, Bitcoin is very necessary to change the economic position of a country and helps the country a lot. So people who are still thinking about investing, they must discuss more about Bitcoin and decide to invest later, it will be very profitable for you in the future.
I'm sure for that, the country that accepts bitcoin as a currency or any kind of investment will get profit like tax. So when the country receives a lot of tax, that will increase their country's income and can be used for the development of infrastructure and economic improvement. Even a bit too late, there's no harm in trying. I heard that many people are still thinking about investing because of the volatile and fluctuating, but as we know bitcoin is still for a long time investment.
Judging from the current development of Bitcoin, I think many people understand it and many have even invested in Bitcoin because it is very profitable for them. It is true that if a country accepts it, it will certainly require its users to pay taxes and this can increase the country's income but there are many things that must be considered so that not all countries accept it as a legal payment made anywhere, but there are some people who make Bitcoin payments with fellow Bitcoin lovers.

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Luzin
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September 20, 2023, 05:42:12 AM
 #73

Judging from the current development of Bitcoin, I think many people understand it and many have even invested in Bitcoin because it is very profitable for them. It is true that if a country accepts it, it will certainly require its users to pay taxes and this can increase the country's income but there are many things that must be considered so that not all countries accept it as a legal payment made anywhere, but there are some people who make Bitcoin payments with fellow Bitcoin lovers.

I was quite curious when the author wrote my Passion for Bitcoin. The main goal at first seemed quite different to mine. Because my goal is not to research but to use it for profit. Because I don't have enough money to survive. With Bitcoin I am currently able to improve my life situation for the better. Since then I want to increase the amount of bitcoin. But along the way I also learned about Bitcoin. I didn't expect Bitcoin to become legal tender. But if that happens, of course happy and the current conditions have made me very happy because Bitcoin is recognized as a commodity asset in my country.

R


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September 20, 2023, 07:23:16 AM
 #74

Bitcoin solve all financial issues if you are serious with it ,since money is most important in our lives.if you understand the process, how it works, what to do at the right time and the right way to invest,it is profitable, you keep growing. In other to to make more money you need to risk whatever you have or you income you are earning. For you to get rich or grow bigger life is all about  risk.
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September 20, 2023, 08:09:10 AM
 #75

Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin, and when you think of sending money to people outside the country first thing that will come to your mind is to use Bitcoin. My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.

If i have another financial opportunity I will wish to invest more capital in bitcoin because it is a decentralized currency
If you can take the risk then I would say investing in Bitcoin is the best medium for you. If some one consciously and unconsciously planning long-term investment in Bitcoin can get their expected return from Bitcoin. While it is a risky investment medium in the short term, Bitcoin is a relatively risk-free investment in the long term. Moreover, investing in Bitcoin is a reliable and guaranteed profitable investment for those who have made an investment decision by analysis and observation about Bitcoin. If you have more money can definitely increase your portfolio on bitcoin.
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September 20, 2023, 08:36:38 AM
 #76

Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin, and when you think of sending money to people outside the country first thing that will come to your mind is to use Bitcoin. My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.

If i have another financial opportunity I will wish to invest more capital in bitcoin because it is a decentralized currency
If you can take the risk then I would say investing in Bitcoin is the best medium for you. If some one consciously and unconsciously planning long-term investment in Bitcoin can get their expected return from Bitcoin. While it is a risky investment medium in the short term, Bitcoin is a relatively risk-free investment in the long term. Moreover, investing in Bitcoin is a reliable and guaranteed profitable investment for those who have made an investment decision by analysis and observation about Bitcoin. If you have more money can definitely increase your portfolio on bitcoin.


Why is bitcoin risky in the short term and not risky in the long term? Any investment that can generate profits will have risks, including bitcoin. So it's absurd to say that bitcoin has no risk in the long run, do you know what will happen in the future? If no, never give advice to newbies that bitcoin is risk-free. Don't forget that the higher the profit, the higher the risk, if there was an asset with high returns without risk, I think it wouldn't be our turn to invest in it. Rich people will spend billions and billions of dollars to take over that type of asset for themselves.

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September 20, 2023, 11:27:43 AM
 #77

If you can take the risk then I would say investing in Bitcoin is the best medium for you. If some one consciously and unconsciously planning long-term investment in Bitcoin can get their expected return from Bitcoin. While it is a risky investment medium in the short term, Bitcoin is a relatively risk-free investment in the long term. Moreover, investing in Bitcoin is a reliable and guaranteed profitable investment for those who have made an investment decision by analysis and observation about Bitcoin. If you have more money can definitely increase your portfolio on bitcoin.
I think it is profitable to invest in bitcoin but to invest in bitcoin you have to follow some rules then you can invest in bitcoin and make profit. But you have to invest in bitcoin for long term. If someone invests in short term then they are in money risk.  Will be the best long term to invest in Bitcoin. If any new person wants to invest then I suggest him to invest in Bitcoin because it is very safe to invest in Bitcoin.

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