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Author Topic: My dream is coming close.  (Read 1152 times)
flyingcarpet
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August 19, 2023, 08:58:23 PM
 #61

I know it is a big or uncommon goal to achieve considering my current income. I have a big dream of owning one Bitcoin before a certain period. So when people are bothered that the price of Bitcoin is dropping, I am seeing it as an opportunity to go closer to my dream. I am in no way happy that the price is dropping but one Bitcoin will always be one Bitcoin, no matter the price today. If you are sure of bitcoin, you will not be concerned about the price today because the price in the future will always exceed the current price.I have learned from this forum that there is no need to dump your coin because of FUD, this distraction will come and go. So I am no longer reading those blogs or social media that is promoting this this fear that will make me dump my small holding and abandon my dream. My focus is to own one Bitcoin.


Everyone is responsible for their own investment. No one can hold anyone else responsible for the Bitcoin price falling. For those who don't own Bitcoin, the Bitcoin price drop is an opportunity. In fact, it has been giving the opportunity to buy Bitcoin for a long time.

If you are sure that the Bitcoin price will rise in the long run, there is no point in waiting to invest. Buy bitcoin and wait. Buy more when the price drops. In this way, a path can be followed.
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August 19, 2023, 09:12:47 PM
 #62

I know it is a big or uncommon goal to achieve considering my current income. I have a big dream of owning one Bitcoin before a certain period. So when people are bothered that the price of Bitcoin is dropping, I am seeing it as an opportunity to go closer to my dream. I am in no way happy that the price is dropping but one Bitcoin will always be one Bitcoin, no matter the price today.
First, glad to know this, and hopefully this will always run very well...
well, For someone who buys gradually and accumulates Bitcoins, this is what it looks like. The fall in the Bitcoin market actually makes them quite happy because it means they can buy Bitcoin at a lower price again, again and again. And this is the positive side of anyone who actually can take advantage of all market conditions. When it drops, it's time to increase Bitcoin accumulation. And when it goes up, for short-term investors, this can be good for their target market price. However, the important thing is that we should never panic with market conditions that are constantly changing, especially when the market drops very drastically like yesterday. Because panic will only add to our mentality and short thinking, and it will actually be detrimental. us, especially if we become panic-sell.

So actually, whatever our plans, whether it's Bitcoin accumulation for long-term holding or any type of Bitcoin trading or investment, make sure that you really have to be ready for various market risks that will occur, ready with plan A or B which can help later. you for sudden decisions during urgency, and once again, don't panic.

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August 19, 2023, 09:25:58 PM
 #63

While I want to congratulate you and all that, cause in the current state of the economy it would really be hard to own a whole bitcoin's worth of investments and wealth, It would've been really awesome if your goal was to not really own a whole bitcoin after a certain time period, but to earn as much through consistent buys and holdings of bitcoin just as what DCA peeps do. All you're really required to do is to buy bitcoin at regular intervals regardless of its price at the time of buy, and you would be good.

You'd be surprised at how much massive your investment holdings will be once you finished it too. having one whole bitcoin is great, but in this industry consistency is the king.
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August 19, 2023, 09:34:14 PM
 #64

Although I don't know if what you are saying is true or not when you say that the price of bitcoin is almost at 1 bitcoin, but it is a good choice when trying to capitalise on the current decline.
The price of bitcoin is starting to correct for several reasons which there is a lot of speculation about but in the end this will still be a good momentum to take advantage of because in the end with a decline like this, we have an advantage if we want to add to the portfolio that was previously missed.
With the current conditions, it is not wrong to buy as long as we are able to capitalise on the current decline.

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August 19, 2023, 09:48:38 PM
 #65

With your positive mindset, it won’t be surprising that you’ll have not just one but two or more owned bitcoins in the future. Just be consistent with your goal, and never be afraid to be greedy when others are fearful because that will even motivate you more to achieve your goal, which is to own bitcoin in the future.

However, my only advice is never to spend all your hard-earned money in bitcoin. Bitcoin is still a risky investment because of its highly volatile market. Do the DCA instead, it will lessen the risk that is associated in bitcoin.


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August 19, 2023, 10:02:21 PM
 #66

I wish for your dream. I think it will be fulfil today or tomorrow. I think dream one Bitcoin collect will successful. I believe if anyone want anything willingly  and work Properly for that His wish will be fulfilled. I think dumping is best time for you. When market will dump then you can buy Bitcoin. It one kinds of DCA i think. When bitcoin price will down then you will buy some amount of Bitcoin. I am also Thinking of submitting. I am a small man so my dream is also small my target 0.25 BTC earn. I already bought near about 50% of my target. If all were appropriate within short time like within 2024 it will be fulfil i believe.

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August 19, 2023, 10:05:58 PM
 #67

You're right that waiting for the absolute bottom in a volatile market like Bitcoin can be challenging. Timing the market perfectly is difficult, and it's important to strike a balance between seizing opportunities and managing risks. It's wise to have a strategy that aligns with your long-term goals rather than solely focusing on timing the market.

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August 19, 2023, 10:10:43 PM
 #68

I know it is a big or uncommon goal to achieve considering my current income. I have a big dream of owning one Bitcoin before a certain period. So when people are bothered that the price of Bitcoin is dropping, I am seeing it as an opportunity to go closer to my dream. I am in no way happy that the price is dropping but one Bitcoin will always be one Bitcoin, no matter the price today. If you are sure of bitcoin, you will not be concerned about the price today because the price in the future will always exceed the current price.I have learned from this forum that there is no need to dump your coin because of FUD, this distraction will come and go. So I am no longer reading those blogs or social media that is promoting this this fear that will make me dump my small holding and abandon my dream. My focus is to own one Bitcoin.

What are you doing in trying to get one bitcoin really matters because if you don't have any plans and just hoping you can't achieve that goal. How much is your salary and how much are you saving to invest in Bitcoin all matters because bitcoin is still very high after dumping.

I'll encourage you to continue planning towards achieving your goals of owning one Bitcoin because when you do that, that'll give you more motivation but don't lose hope if you can't get one Bitcoin. You can invest the little you have as it's not a must to own one Bitcoin.

Anybody selling when there's a dump in the market is a loser and we have many losers in the market, don't follow them instead if you have some free money you can use them to buy some more bitcoin and store them in your personal wallet and continue holding for bull market.

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August 19, 2023, 10:58:26 PM
 #69

I know it is a big or uncommon goal to achieve considering my current income. I have a big dream of owning one Bitcoin before a certain period. So when people are bothered that the price of Bitcoin is dropping, I am seeing it as an opportunity to go closer to my dream. I am in no way happy that the price is dropping but one Bitcoin will always be one Bitcoin, no matter the price today. If you are sure of bitcoin, you will not be concerned about the price today because the price in the future will always exceed the current price.I have learned from this forum that there is no need to dump your coin because of FUD, this distraction will come and go. So I am no longer reading those blogs or social media that is promoting this this fear that will make me dump my small holding and abandon my dream. My focus is to own one Bitcoin.


Everyone is responsible for their own investment. No one can hold anyone else responsible for the Bitcoin price falling. For those who don't own Bitcoin, the Bitcoin price drop is an opportunity. In fact, it has been giving the opportunity to buy Bitcoin for a long time.

If you are sure that the Bitcoin price will rise in the long run, there is no point in waiting to invest. Buy bitcoin and wait. Buy more when the price drops. In this way, a path can be followed.

True that, as @OP stated the current Bitcoin dump is a way for him to get nearer to his gream of accumulating 1 BTC because the price is being sold at a discount and he can buy more Bitcoin at the same amount he allocated when it is around $30k.

Aside from that, Bitcoin is cyclical.  Meaning in every dump, there will be a market uptrend counterpart.  We just need to be patience to take advantage of these occurrence.  Buying when the Bitcoin price dump and selling when it hits our target price.  Then rinse and repeat until we accumulated the target Bitcoin amount.

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August 19, 2023, 11:23:03 PM
 #70

You're right that waiting for the absolute bottom in a volatile market like Bitcoin can be challenging. Timing the market perfectly is difficult, and it's important to strike a balance between seizing opportunities and managing risks. It's wise to have a strategy that aligns with your long-term goals rather than solely focusing on timing the market.
It is not easy to determine the lowest point of bitcoin when Bitcoin is experiencing a barish mode like today.
We must be able to analyze and determine where the strongest support is to start buying at low prices.

Long-term strategies must of course be balanced with a good enough Entry to produce better profits later.
This can also be balanced by doing DCA every time the Bitcoin market is bearish.

I even continue to collect Bitcoin for the long term, without seeing the decline in bitcoin and it continues to be consistent to do so.

 
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August 20, 2023, 01:52:52 AM
 #71

Since your dream is to own a Bitcoin then definitely invest in Bitcoin to fulfill your dream. Currently Bitcoin market is down a bit so you can invest from here and hold for future. And you must never worry by investing in Bitcoin because the price of Bitcoin is not always fixed but it is always up to me. Since you have knowledge about bitcoin and market volatility you will never face loss by investing but will earn you good amount of money in future. So you don't think about the negative words of others but invest in Bitcoin according to your experience and hold it for a long time. Your dreams may come true as you invest in Bitcoin now and your dreams will continue to come true when the market is in a bull market.

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Duelbits
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rikybrosh
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August 20, 2023, 02:18:12 AM
 #72

I know it is a big or uncommon goal to achieve considering my current income. I have a big dream of owning one Bitcoin before a certain period. So when people are bothered that the price of Bitcoin is dropping, I am seeing it as an opportunity to go closer to my dream. I am in no way happy that the price is dropping but one Bitcoin will always be one Bitcoin, no matter the price today. If you are sure of bitcoin, you will not be concerned about the price today because the price in the future will always exceed the current price.I have learned from this forum that there is no need to dump your coin because of FUD, this distraction will come and go. So I am no longer reading those blogs or social media that is promoting this this fear that will make me dump my small holding and abandon my dream. My focus is to own one Bitcoin.

I never trust blogs or social media news because I think the creator only want to gain attention or follower. I think it is always good to become a contrarian investors in bitcoin investment, buy when people panic in selling and sell when people are panic in buying, don't have to be greedy. as long as we can get enough profit i think it is still good. just sell it gradually when it's close to the peak of bullish market trend. then wait to buy it back at the lowest price as possible.

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August 20, 2023, 08:11:05 AM
 #73

You're right that waiting for the absolute bottom in a volatile market like Bitcoin can be challenging. Timing the market perfectly is difficult, and it's important to strike a balance between seizing opportunities and managing risks. It's wise to have a strategy that aligns with your long-term goals rather than solely focusing on timing the market.

Timing the market is not what I encourage beginners to do. The ability to time the market is what even experts find it difficult to actualize. The best timing would be that the timing will be very approximate to the actual timing of the Bitcoin and this does not happen often. Most at times they are totally wrong.

So instead of timing the market there are two options to go.
  • Wait until there is absolute dip, and it is obvious to everyone that it is a very big dip then you will buy. The disadvantage of this is that the big dip might when one is out of fund. Another disadvantage is that it might take too long for the big dip to come
  • To buy with dollar cost averaging and that is the better option.

R


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karabiber
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August 20, 2023, 08:46:26 AM
 #74

You're right that waiting for the absolute bottom in a volatile market like Bitcoin can be challenging. Timing the market perfectly is difficult, and it's important to strike a balance between seizing opportunities and managing risks. It's wise to have a strategy that aligns with your long-term goals rather than solely focusing on timing the market.

Timing the market is not what I encourage beginners to do. The ability to time the market is what even experts find it difficult to actualize. The best timing would be that the timing will be very approximate to the actual timing of the Bitcoin and this does not happen often. Most at times they are totally wrong.

So instead of timing the market there are two options to go.
  • Wait until there is absolute dip, and it is obvious to everyone that it is a very big dip then you will buy. The disadvantage of this is that the big dip might when one is out of fund. Another disadvantage is that it might take too long for the big dip to come
  • To buy with dollar cost averaging and that is the better option.

While making a dream come true, we should not be far from reality. I agree with what you said. Saving with DCA allows you to minimize all the risks you will take. Crypto markets are the markets with the highest price volatility and no matter what, most investments without strategy will be trash in the long run. The investment strategy that can be made with minimum risk in the market and that will minimize the effects of price volatility is called Dollar Cost Average.

The DCA method is used to minimize risks and performs best even when the market is experiencing large fluctuations. By dividing the investment allocated for purchasing assets into small parts, it ensures progress by purchasing at regular intervals. At the same time, the dollar cost averaging method is one of the preferred methods for investors who do not want to follow the market constantly and those who want to start investing with low amounts. Whatever happens we must maintain realism while making your dream come true. Thus you can achieve your dreams in a planned way.

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August 20, 2023, 09:46:12 AM
 #75

I know it is a big or uncommon goal to achieve considering my current income. I have a big dream of owning one Bitcoin before a certain period. So when people are bothered that the price of Bitcoin is dropping, I am seeing it as an opportunity to go closer to my dream. I am in no way happy that the price is dropping but one Bitcoin will always be one Bitcoin, no matter the price today. If you are sure of bitcoin, you will not be concerned about the price today because the price in the future will always exceed the current price.I have learned from this forum that there is no need to dump your coin because of FUD, this distraction will come and go. So I am no longer reading those blogs or social media that is promoting this this fear that will make me dump my small holding and abandon my dream. My focus is to own one Bitcoin.

What are you doing in trying to get one bitcoin really matters because if you don't have any plans and just hoping you can't achieve that goal. How much is your salary and how much are you saving to invest in Bitcoin all matters because bitcoin is still very high after dumping.

I'll encourage you to continue planning towards achieving your goals of owning one Bitcoin because when you do that, that'll give you more motivation but don't lose hope if you can't get one Bitcoin. You can invest the little you have as it's not a must to own one Bitcoin.

Anybody selling when there's a dump in the market is a loser and we have many losers in the market, don't follow them instead if you have some free money you can use them to buy some more bitcoin and store them in your personal wallet and continue holding for bull market.
Planning is for the weak, and the unpredictability of life has shown us that nothing really goes according to plan. If everyone had a plan to own one Bitcoin, then what? The price would simply be too high for all to afford!

As for your encouragement, I find it laughable. Why stop at one Bitcoin? Aim for ten, twenty, or a hundred. Why restrict yourself? And, yes, selling during a dump is a foolish move, but labeling them as losers is shortsighted. Instead of criticizing them, perhaps one should exploit their weaknesses to one's own advantage.

Hoping and planning to own one Bitcoin? Spare me. The market cares not for your plans, only your actions.

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August 20, 2023, 10:24:22 AM
 #76

I know it is a big or uncommon goal to achieve considering my current income. I have a big dream of owning one Bitcoin before a certain period. So when people are bothered that the price of Bitcoin is dropping, I am seeing it as an opportunity to go closer to my dream. I am in no way happy that the price is dropping but one Bitcoin will always be one Bitcoin, no matter the price today. If you are sure of bitcoin, you will not be concerned about the price today because the price in the future will always exceed the current price.I have learned from this forum that there is no need to dump your coin because of FUD, this distraction will come and go. So I am no longer reading those blogs or social media that is promoting this this fear that will make me dump my small holding and abandon my dream. My focus is to own one Bitcoin.


Also, keep reading those positive thoughts. I mean, for sure, right now you've seen a lot of people selling off their Bitcoin and they are saying something. Don't read it, focus on the positive side, and leave with it. Then go find another thing that you'll enjoy so that you won't really overthink it. Leaving your mind in a positive mindset could have a positive impact on you so that you won't be selling it off now. Just think of the future, as you've said, because that is your goal, not the short one.
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August 20, 2023, 10:26:50 AM
 #77

If you are sure of bitcoin, you will not be concerned about the price today because the price in the future will always exceed the current price.I have learned from this forum that there is no need to dump your coin because of FUD, this distraction will come and go. So I am no longer reading those blogs or social media that is promoting this this fear that will make me dump my small holding and abandon my dream. My focus is to own one Bitcoin.
It is a good dream for anyone who has hopes of collecting one, two, three and however much they want. Question how you can collect it? what budget do you have for accumulating each downturn and is there a particular method you use? There are many people who have difficulty making purchases because the income and financial expenses in life are out of balance and I believe the smaller the accumulation of purchases you make, the longer it will take to collect the desired one, two, and three bitcoins.

It doesn't matter and never stop moving in collecting because there is always a way for those who want it. The DCA method may be a haven that can be utilized for some people who don't have large finances and the issue of time is patience which might lead us to the stage of financial freedom. Optimistic and realistic are important and never be afraid to be late in arriving at the one, two and three bitcoins we want.

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August 20, 2023, 10:41:34 AM
 #78

No goal is big and non-achievable as long as you have the dedication to work for it. It can be difficult, for sure, since it is not easy to achieve things in life but if someone keeps working for their goals, they will eventually achieve them. Sometimes you might even achieve goals quicker than you yourself might have not expected, that's life, it has a lot of surprises for us some of which become the reason for our happiness while others might make fill us with sadness.

When it comes to Bitcoin, you can always achieve your goals if you have at least an income no matter how low it is, you can just keep saving up and you will eventually have enough money to buy the dip where you will get your dream come true, even if you don't get it done just once, you can do it in two or three attempts.

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August 20, 2023, 12:29:46 PM
 #79

The price of Bitcoin that moves on two sides always gives a different feeling to Investors. Investors who already hold different amounts of Bitcoin are certainly very happy when the price starts to rise because they can reap profits in an instant, while those looking to get into the Bitcoin market are enthusiastic about the recent downturn, they can buy Bitcoin cheaply. The recent downturn can shorten the time and cost of achieving your goal of owning one Bitcoin.
People who are very familiar with Bitcoin are never worried even though the worst conditions are happening, they are even more enthusiastic about welcoming the decline by trying to collect Bitcoin to achieve their goals.


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August 20, 2023, 12:52:47 PM
 #80

I know it is a big or uncommon goal to achieve considering my current income. I have a big dream of owning one Bitcoin before a certain period. So when people are bothered that the price of Bitcoin is dropping, I am seeing it as an opportunity to go closer to my dream. I am in no way happy that the price is dropping but one Bitcoin will always be one Bitcoin, no matter the price today. If you are sure of bitcoin, you will not be concerned about the price today because the price in the future will always exceed the current price.I have learned from this forum that there is no need to dump your coin because of FUD, this distraction will come and go. So I am no longer reading those blogs or social media that is promoting this this fear that will make me dump my small holding and abandon my dream. My focus is to own one Bitcoin.

That is a goal and hope. I wasn't dreaming about having 1BTC but what I just wanted is to at least have some of it.
Yes, price doesn't really matter upon investing in Bitcoin because we believe that its price will continue to grow. But, we can't just set aside that there is no 100% that it will stay forever.
However, as long as it still exists, investing is really a great opportunity for us. Though I wasn't dreaming about getting rich in here but at least, I'd make some money from investing Bitcoin. With the simple buy low and sell high strategy, I could say that I was already successful.
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