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Author Topic: How passionate are you buying Bitcoin now?  (Read 598 times)
Vaskiy
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August 21, 2023, 03:13:36 PM
 #21

The excitement of having bitcoin will be felt for the first time. Further everything is profit dependent, and the excitement happens when you were able to buy good amount of bitcoin at a decreased price. Being passionate about bitcoin can be seen with users who really strive for the widespread and the adoption of bitcoin. To me El Salvador President Nayib Bukele is the person who is more passionate about bitcoin and takes every action to support the growth of bitcoin. Op have elaborated the happiness he had on holding bitcoin.

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August 21, 2023, 03:32:27 PM
 #22

I have never been passionate making any investment than I am buying Bitcoin of recent.

But I want to ask you if you have invested in any asset before or bitcoin was your first and you are passionate about it because you see its return greater than any other investment?
Bitcoin is not my first and only investment, but I like about it because it offers the highest return of all investments. If bitcoin became stable and no longer profitable, would you still be passionate about it? So I wouldn't call what we're doing bitcoin enthusiasts, we're passionate about making money. Earning a lot of fiat is still our ultimate goal, not bitcoin.

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August 22, 2023, 10:38:13 PM
 #23

OP As you buy Bitcoin at a modest cost, I can feel your excitement and passion for it. I say that because I can remember feeling that way in the past when I thought about the potential returns on my Bitcoin investment. However, that does not imply that one should neglect to spend their spare money and instead put much more into their bitcoin investment.

OP If you are investing because of the bull run, be aware that it will not happen this year but instead in 2024/2025. You should better evaluate how you invest in bitcoin to determine whether the money you have on hand can support you until the bull run, which is expected to occur in 2024 or 2025.

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August 22, 2023, 11:27:39 PM
 #24

I have never been passionate making any investment than I am buying Bitcoin of recent. While a part of me is so optimistic that I am making the best decision with my funds, a part still entertain some fears. Well, I feel the aspect of fear is normal since I am not buying with 'spare money' as some people will call it... that concept of spare money does not really resonate with me as every penny I have is very important to me now. 

Actually, my little buys might not influence the price much but my joy is having Bitcoin and holding unto it with the believe I will be among those that will look back sometime in the future and congratulate myself for taking that bold step when some people were doubting and panicking.

I draw my inspiration from the saying: "you will regret more for opportunities you never took than those you took and they went bad"

Actually, it is a good strategy to buy a small amount of Bitcoin over a long period of time like the Dollar cost average since you don't really know accurately when will the market price is going to skyrocket so buying every week or every month is going to be a good strategy because, in the end, it will still going to be a profit as long as you're going to sell on the right timing like on the upcoming bull run. You did the right thing starting to invest even though you just invested a small amount I mean your not really going to understand it completely unless you start investing on it.

There was some kind of joy actually when you already own Bitcoin, and you just want to continue to invest and buy more Bitcoin, but still, even though we all believed that Bitcoin is going to be big in the future and we are going to earn a huge amount of profit in the Bullrun this is still a risky investment so make sure to only invest what you can afford to lose. And do not invest if you still doesn't have some kind savings so that you would not end up just selling you investment if you need money in case of emergency.

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August 22, 2023, 11:44:05 PM
 #25

Actually, it is a good strategy to buy a small amount of Bitcoin over a long period of time like the Dollar cost average since you don't really know accurately when will the market price is going to skyrocket so buying every week or every month is going to be a good strategy because, in the end, it will still going to be a profit as long as you're going to sell on the right timing like on the upcoming bull run. You did the right thing starting to invest even though you just invested a small amount I mean your not really going to understand it completely unless you start investing on it.
-snip-
Doing DCA at the same time frame, like buying every week with the same amount of money.
I do it every week and it has started to run until now.

When the price is not good like now it is the right opportunity to continue collecting Bitcoin.
Although the small amount of purchases made at least it is enough to make you hold Bitcoin until the bull run arrives.

The main target is of course the upcoming ATH, which will probably happen in 2024-2025.
See how the benefits can be obtained if you are able to hold it and continue to be consistent in the initial strategy.
If you hold you will be rich, and selling cheaply will only make you lose.

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August 23, 2023, 01:15:48 PM
 #26

This week the market drop is more than 12% and it seems that the analysis of many experts that this year's market will not recover will be proven, seen from March when prices can touch $ 30k but it appears that $ 30k is like a very sturdy wall so it is difficult to pass, seeing the situation The market at this time of course I prefer to wait rather than making decisions.


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August 23, 2023, 05:57:59 PM
 #27

First, knowledge of bitcoin investment which is very important for everyone who wants to buy bitcoin to understand. Hopefully we can all realize the importance of investing in bitcoin and can practice it by always using the strategy of collecting bitcoins regularly every period, that way we will always be excited to buy bitcoins without having to wait for prices to go up or down.

Because for me Bitcoin brings a different revolution in the world economy in the future, many people who are bull investors make money consistently. But if we don't make the right decisions from now on then it's not impossible that in the future we'll just be spectators with regret.

R


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August 23, 2023, 07:01:22 PM
 #28

The economy is not doing well - so I can't expect everyone to keep up their enthusiasm for investing in bitcoin. Even if some of the users here say they bought it - but I believe they are more likely to be lying to themselves.

Some also buy - but only if they have an income higher than their monthly living expenses. A person who is able to save $100/month monthly income cannot be expected to invest it in bitcoins. They need to adjust their monthly needs and expenses - so of course they will avoid investing more. I'm just not denying that some people here are lying - but that's up to them.
Economy doesn't need to do badly in order to enjoy bitcoin, it's obvious that it's a good thing and we just need to make sure that we give it the good attention that it deserves. When you look at the situation you will realize that the foundation fiat currency is built on is shaky, and we are seeing why it's bad right now, but even if we didn't see it do badly, we could see how it could do badly when there are so many red flags about it, whereas bitcoin is a much better one and I bet that it's going to do even better.

This is why it's quite important to focus on how to make money from it, and if we could keep doing it then we are going to end up with a good result without a doubt, that's how it's done and that's how we are going to get it.

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August 23, 2023, 07:24:40 PM
 #29

I have never been passionate making any investment than I am buying Bitcoin of recent. While a part of me is so optimistic that I am making the best decision with my funds, a part still entertain some fears. Well, I feel the aspect of fear is normal since I am not buying with 'spare money' as some people will call it... that concept of spare money does not really resonate with me as every penny I have is very important to me now. 

Actually, my little buys might not influence the price much but my joy is having Bitcoin and holding unto it with the believe I will be among those that will look back sometime in the future and congratulate myself for taking that bold step when some people were doubting and panicking.

I draw my inspiration from the saying: "you will regret more for opportunities you never took than those you took and they went bad"
Very few investors can completely get rid of those feelings of uncertainty, and it is easy to understand why, after all we are investing money that it took us forever to earn in order to invest in an asset like bitcoin that while solid it can be extremely volatile, so do not worry too much about those feelings as they are a natural reaction to investing in bitcoin, still since you are investing in bitcoin right now you do no have too much to fear, since the price will most likely recover soon enough.
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August 24, 2023, 09:40:12 AM
 #30

Bitcoin is a very good and promising investment, and as long as I still have finances I will continue to buy, it doesn't matter if the current price is red and in my opinion if we want profit then buy at a low price, the mistake many people make is buying during a bull run so get a very expensive price.


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August 24, 2023, 12:52:25 PM
 #31

I have never been passionate making any investment than I am buying Bitcoin of recent. While a part of me is so optimistic that I am making the best decision with my funds, a part still entertain some fears. Well, I feel the aspect of fear is normal since I am not buying with 'spare money' as some people will call it... that concept of spare money does not really resonate with me as every penny I have is very important to me now. 

Actually, my little buys might not influence the price much but my joy is having Bitcoin and holding unto it with the believe I will be among those that will look back sometime in the future and congratulate myself for taking that bold step when some people were doubting and panicking.

I draw my inspiration from the saying: "you will regret more for opportunities you never took than those you took and they went bad"

Yes, so true, and specially in bitcoin investment, this is not a race, like 100 meter dash, but a marathon. So it's going to be a long and hard grind but every small steps are very important, like just stacking sats that might turn out to be big in the future.

So just continue with your journey, I know that it's going to be very mentally tough for each and everyone of us. But hey, if we have a dream then definitely, we can go and chase that one big dream of ours and maybe we will have 1 BTC in our wallet.

R


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August 24, 2023, 01:00:30 PM
 #32

Not passionate, actually. I just do DCA in a monotonous way and I plan to continue the same at least until I see that we enter the bull market, which for me will be the next cycle after surpassing $69K. If I see that the price rises a lot and rises very fast I may do some partial sales, but otherwise I am considering accumulating for a couple of cycles.

But no excitement in what I do. And tomorrow if I accumulate a considerable amount, as I will have arrived slowly I suppose there will be little excitement as well.
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August 24, 2023, 02:01:07 PM
 #33

First, knowledge of bitcoin investment which is very important for everyone who wants to buy bitcoin to understand. Hopefully we can all realize the importance of investing in bitcoin and can practice it by always using the strategy of collecting bitcoins regularly every period, that way we will always be excited to buy bitcoins without having to wait for prices to go up or down.
People who like to invest in Bitcoin will not really prioritize price issues, because their goal is to invest, not to trade for a certain period of time. So the price issue is not the main thing that will be seen even though investors are also very happy if they can get Bitcoin at a cheaper price, because the benefits of their long-term investment can be more when they buy it at a very cheap price.

Quote
Because for me Bitcoin brings a different revolution in the world economy in the future, many people who are bull investors make money consistently. But if we don't make the right decisions from now on then it's not impossible that in the future we'll just be spectators with regret.
What you convey is indeed wise and also quite good, because your goal is to provide enthusiasm and encouragement for other people to want to invest in Bitcoin. The advice you say is worth considering because it reminds of a brighter future and avoids everyone from being a spectator on the benefits that others will get through Bitcoin in the future. Only a very basic point for some people is their willingness to increase their trust in Bitcoin so they don't hesitate to buy Bitcoin in stages with the abilities they currently have.

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HUGE
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August 24, 2023, 04:36:45 PM
 #34

You are among those who dare to make decisions when other people are hesitant to invest in Bitcoin. And even if you invest in Bitcoin, not with reserve funds, at least you have calculated your finances so you can start investing in Bitcoin.

I advise investing with the money you can afford and doing it regularly so that the amount of Bitcoin you collect is more. Once the price starts to increase, maybe until it reaches $50k, you can stop accumulating and hold the Bitcoins until the price makes a new ATH. Then you can sell the Bitcoins to make a profit.

So it's better to stick with the moment by staying invested in Bitcoin than just waiting for the price to hit a low because it could be too late. And don't forget to use the money you can afford.

.
SPIN

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August 24, 2023, 06:18:34 PM
 #35

Yes this time is a benefit timing for buying bitcoin, I know lots of people get feared with its decreasing but its fact that after every reduction there is a boosting time when market become higher in worth.

As you wants to choose bitcoin this time when everyone is in trouble that what to do so by doing this the courage of all other individuals will increases too. As you mentioned that every penny for you is of dominant uses for you and instead of this you want bitcoin investment describe that you can adjust your money in every situation and will be able to handle each bear and bull season.









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August 24, 2023, 07:09:50 PM
 #36

I have never been passionate making any investment than I am buying Bitcoin of recent. While a part of me is so optimistic that I am making the best decision with my funds, a part still entertain some fears. Well, I feel the aspect of fear is normal since I am not buying with 'spare money' as some people will call it... that concept of spare money does not really resonate with me as every penny I have is very important to me now. 

Actually, my little buys might not influence the price much but my joy is having Bitcoin and holding unto it with the believe I will be among those that will look back sometime in the future and congratulate myself for taking that bold step when some people were doubting and panicking.

I draw my inspiration from the saying: "you will regret more for opportunities you never took than those you took and they went bad"

I think that bitcoin gives us the opportunity to do so many things, among them the easiest, to adopt a means of payment, a different financial system, which can change our lives significantly from the financial point of control, then obviously there is the aspect of profit, of its price, of that idea that can become more myth than reality and the years can go by, so enjoy that possibility of becoming an investor too.

But getting involved is not dreaming, believing that trading bitcoin is going to make you a millionaire, or that with hodl or simply selling and buying, or perhaps as in your case, buying, buying, is your financial exit is a "mistake", so that, do not cling to bitcoin as the famous phrase: "lifeboat" that many make it look like that.

Have bitcoin, ok... if the big hit comes, very nice, but we really need is the financial hit, the paradigm shift, the one that involves all of us, not just a small group that expects bitcoin to hit 7 figures.. The other part is perhaps more important, the paradigm shift or at least the possibility of deciding which system we stay with, the old private banking or bitcoin.

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August 24, 2023, 07:11:21 PM
 #37

I have never been passionate making any investment than I am buying Bitcoin of recent. While a part of me is so optimistic that I am making the best decision with my funds, a part still entertain some fears. Well, I feel the aspect of fear is normal since I am not buying with 'spare money' as some people will call it... that concept of spare money does not really resonate with me as every penny I have is very important to me now.  

Actually, my little buys might not influence the price much but my joy is having Bitcoin and holding unto it with the believe I will be among those that will look back sometime in the future and congratulate myself for taking that bold step when some people were doubting and panicking.

I draw my inspiration from the saying: "you will regret more for opportunities you never took than those you took and they went bad"
Yes, so true, and specially in bitcoin investment, this is not a race, like 100 meter dash, but a marathon. So it's going to be a long and hard grind but every small steps are very important, like just stacking sats that might turn out to be big in the future.

So just continue with your journey, I know that it's going to be very mentally tough for each and everyone of us. But hey, if we have a dream then definitely, we can go and chase that one big dream of ours and maybe we will have 1 BTC in our wallet.
Such a good analogy, you are right that it's not a 100 meter dash and a big marathon. There are too many people who think that it's a 100 meter dash, hell some think it's 10 meter one, the way they do 150x leverage shorting and all that. I think as long as you keep accumulating more bitcoin, you are going to make a profit.

You know who will be the people who makes the most money during this period? The ones who kept accumulating bitcoin for the past year or so, they ended up making a profit because they collected it at lower levels and it will go even higher and they will make a greater profit from it. That should be important to handle, and we are going to end up with a greater return without a trouble, it should be important.

.
.DuelbitsSPORTS.
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August 24, 2023, 07:59:37 PM
 #38

I have never been passionate making any investment than I am buying Bitcoin of recent. While a part of me is so optimistic that I am making the best decision with my funds, a part still entertain some fears. Well, I feel the aspect of fear is normal since I am not buying with 'spare money' as some people will call it... that concept of spare money does not really resonate with me as every penny I have is very important to me now.  

Actually, my little buys might not influence the price much but my joy is having Bitcoin and holding unto it with the believe I will be among those that will look back sometime in the future and congratulate myself for taking that bold step when some people were doubting and panicking.

I draw my inspiration from the saying: "you will regret more for opportunities you never took than those you took and they went bad"
Yes, so true, and specially in bitcoin investment, this is not a race, like 100 meter dash, but a marathon. So it's going to be a long and hard grind but every small steps are very important, like just stacking sats that might turn out to be big in the future.

So just continue with your journey, I know that it's going to be very mentally tough for each and everyone of us. But hey, if we have a dream then definitely, we can go and chase that one big dream of ours and maybe we will have 1 BTC in our wallet.
Such a good analogy, you are right that it's not a 100 meter dash and a big marathon. There are too many people who think that it's a 100 meter dash, hell some think it's 10 meter one, the way they do 150x leverage shorting and all that. I think as long as you keep accumulating more bitcoin, you are going to make a profit.

You know who will be the people who makes the most money during this period? The ones who kept accumulating bitcoin for the past year or so, they ended up making a profit because they collected it at lower levels and it will go even higher and they will make a greater profit from it. That should be important to handle, and we are going to end up with a greater return without a trouble, it should be important.
Just let them be because sooner or later they would be able to realize on how things been done and how things do behave. Its never been ideal on rushing up yourself on investing and involving yourself in futures or high leverage kind of trades. This is why they do really mess up their lives or capitals just because they do really have that kind of probabilities on earning big and this is something that you would really be mainly having in mind. Being passionate would be entirely be depending on you since not all would really be that wise or sensible in towards their purchases but rather they do really have that other type of behavior which is something not that recommendable. The most important thing that you should do is to invest on what you can afford to lose and dont have that kind of all-in type of behavior. Be wise on when to take entries unless if you do go for long term then buying prices or entries wont really be that an issue but if you are really loving on playing with the movement and make out some short trades then it would really be a serious matter on when you do make yourself able to play on. This is why it would really be your choice whether which path you would really be taking into.

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August 24, 2023, 08:34:38 PM
 #39

If I have the opportunity there's nothing stopping me from holding more to what i have already, this is the exact time one could get prepared and positioned for the market to be favourable for buying if the chance is made available for us to use, the bear market is not a period whereby we begin to think negatively about what may come after next in making our investment ruined, no, we should not think like the way other non bitcoiners do think and behave whenever there's dip.

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August 24, 2023, 08:52:42 PM
Merited by wmaurik (1)
 #40

The recent decline can be used as best as possible to buy BTC and do it gradually without having to take aggressive action in accumulating BTC. Yes everyone has their level of ability to buy BTC and for those who have big money can buy more BTC when the price goes down but those of us who don't have so much money can certainly make purchases as strong as the funds we have at that time.

In fact, I think it's better to do DCA because we can buy BTC at every stage that we implement, even though it's a small amount, but the enthusiasm that we have has a big meaning in the future. They're out there always expect a decline to occur, but when the opportunity comes, they are still in doubt about buying it, which means a lot if the conclusions and decisions are left alone without any beneficial action for their portfolio.

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