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Author Topic: Hope is all I have left  (Read 859 times)
yazher
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September 04, 2023, 12:56:15 PM
 #81

I can understand your situation. Most of the users who invest in Bitcoins doesn’t have enough money to invest. The ideal solution for this is to develop a skill and find a job according to it. Now when you get a fixed amount of salary, you just invest some part of it in cryptos. Regarding the price, then it will only go up when the demand of the coin increases. So don’t lose hope and invest accordingly.

This is the nicest and safest way because you don't have to rely on your investment for your essential needs because you have another source of income which you can easily get from there whenever you need something without worrying about your investment in bitcoins. Some people went overboard when they wanted to invest, they even sold their houses which is not recommendable especially when you don't have enough perseverance and patience for crypto market events such as volatility.

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September 04, 2023, 01:42:56 PM
 #82

I can understand your situation. Most of the users who invest in Bitcoins doesn’t have enough money to invest. The ideal solution for this is to develop a skill and find a job according to it. Now when you get a fixed amount of salary, you just invest some part of it in cryptos. Regarding the price, then it will only go up when the demand of the coin increases. So don’t lose hope and invest accordingly.

This is the nicest and safest way because you don't have to rely on your investment for your essential needs because you have another source of income which you can easily get from there whenever you need something without worrying about your investment in bitcoins. Some people went overboard when they wanted to invest, they even sold their houses which is not recommendable especially when you don't have enough perseverance and patience for crypto market events such as volatility.

I usually advise people to have a job with a stable income, some savings, and only invest the remaining money after spending everything on basic needs. But many people are quite impatient because they don't want to miss the opportunity with bitcoin, so most invest money they don't want to lose. It is difficult to say what they did was wrong because we are not in their situation so we will not understand their thoughts and desires. But I'm afraid that investing money they can't afford to lose won't yield good results because the market is so volatile and unpredictable.

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September 04, 2023, 05:42:50 PM
 #83

It's not necessary that you will put large amount but it is necessary that the amount which you invest become elevated through your hardwork and utilizing knowledge. One day you will be able to put huge money if you work Brilliantly with this little sum so don't be discourage because a person should focus on his affordability.

You should wait for the accurate timing because this time market is not good so this little amount will not give you any profit but surely if you acquire patience then your little sum can definitely change into larger one.









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September 04, 2023, 06:35:45 PM
 #84

It’s still uncertain as to when 1 sat can possibly cost 1 cent, but I believe a small buyer of bitcoin will eventually make it big in the future if he will focus on his goal and never stops DCA every time he has spare money to spend. Bitcoin is not a matter of how big your capital is, but it matters most on how you’ll manage your money despite having a small amount but you still reserve a budget for bitcoin accumulation. With patience and persistency, things that started as small will eventually turns into big if you keep on working on your goal.

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September 04, 2023, 07:00:24 PM
 #85

Don't forget, they thought highs were over in 2012. They thought the same in 2016 when I met people in chat. I personally talked to long-tune Bitcoiners in 2018, fresh off the 2017 high and in withdrawal, thinking that was it too. I interviewed someone who exited at 10k, he was sure those were the best days (good for him!).

I only started my first "buys" taking the crappiest paying jobs. Dollars! Despite the chatter surrounding Bitcoin. I only seriously earned in 2017 onwards. So, yes, I could never become rich but six years on, I know I saved more than I ever could in fiat. I had an emergency in '20/21 I could actually afford because I had Bitcoin.

Most importantly, I have monetary freedom to earn without restriction. Anyone can pay me. I can receive payment from anyone.

Really, it isn't about being rich. Value's a nice bonus but it's hardly the only benefit of Bitcoin. Don't lose out because you're blinded by the delusion of overnight wealth.

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September 04, 2023, 08:19:11 PM
 #86

From the little investment you make, it can be worth more in the future. Don't forget that. Don't feel bad that you can't invest as you ought to because of the bad situation of your finances. Just keep your head up and invest the little you have. At least you are better than those who have yet to secure their assets on bitcoin. Stop thinking about the present, think about the future price of bitcoin. Some crypto investors invested in bitcoin when 1 bitcoin was a dollar but look at its price today "$26k".

You can invest in Bitcoin once in 2 months as finances can carry but you are to have a long-term investment plan of bitcoin, for your investment to yield profits for you

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September 04, 2023, 09:24:50 PM
 #87

For people like us who still struggles to invest money on Bitcoin I want to know if one day, 1 sat can ever cost as much as 1 cent? Is this possible? Sorry I can't afford to dollar cost into Bitcoin like everyone else, it's very hard for me, all I need is hope.

I can only afford to invest into Bitcoin once in two month and that's not every with big money, you should understand my situation, I am too shamed to call a number.

Is there any hope for small Bitcoin buyers like myself? Can 1Sat ever be 1 Cent one day? 
Dont expect nor be hopeful because it would really be just that giving you out that kind of disappointment and stress if the price wont really be able to hit up that value. $0.1 = 1 sat?
basing up on the value then it is really that impossible. This is why its really important that you should mind on about the risks involved or else you would really be that having the anxiety on expecting on something which
it isnt sure that it would really happen. This is why it would be always wise on investing on the amount which you can only afford to lose. Dont make yourself rely on it or having depending your living because there's
always that risks which you would really be needing to mind on. Invest on what you can afford to lose so that if ever things go south then it wont really be a devastating thing on your part.
Lots of people are really that hoping the same thing but its better to have that realistic approach rather than on be delusional or really that too far goes off the charts when it comes to price estimations and values.
Stick out on something realistic but of course the profits made would be according or depending on how much you had invested.

R


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September 04, 2023, 09:38:39 PM
 #88

For people like us who still struggles to invest money on Bitcoin I want to know if one day, 1 sat can ever cost as much as 1 cent? Is this possible? Sorry I can't afford to dollar cost into Bitcoin like everyone else, it's very hard for me, all I need is hope.

I can only afford to invest into Bitcoin once in two month and that's not every with big money, you should understand my situation, I am too shamed to call a number.

Despite the lack of capital but are still determined to invest a small amount into Bitcoin and it was not bad. In fact, many people have a lot of money, a big salary but what they do is spend it all, unlike you who are still thinking about investment.

However, in the situation today and in the future, we can't think that Bitcoin will become cheap like before. The demand is growing and also the price which is impossible to see Bitcoin at that cheap price.

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September 09, 2023, 03:51:53 AM
 #89

If you invest in bitcoin and don't expect it to increase in price, why would you invest in bitcoin? I see nothing wrong with people pinning their hopes on bitcoin's price going up, but what we need to do is not set our goals too high. Don't be too delusional but be realistic so things will become easier.

Bitcoin reaching 1 million USD is not easy but it does not mean impossible. When bitcoin was worth less than $1, no one believed that it would not reach $1000, and when it was worth $1 thousand, no one believed that it would touch $69 thousand. With bitcoin nothing is impossible and everything is possible.
You said yourself that one shouldn't be delusional and only have realistic and logical expectations when it comes to the price of Bitcoin, so I don't really think that thinking that the price of Bitcoin will reach $1m very soon isn't delusional because no matter how high it goes, it will obviously take a lot of cycles and a lot of years to be able to reach that mark if it ever does, or it might not even happen in our lifetime and our children might be able to see that happen.

However, you are right that someone who invests in cryptocurrency will obviously expect its price to go up because that is the basic motive of someone investing their money, they want to earn money with their investments and if the market doesn't go up, it basically wouldn't make any sense.

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September 09, 2023, 06:28:42 AM
 #90

I tell you OP to keep moving and achieve your goal with courage and determination. You already started it, it was just a small amount that you can afford but it will grow someday if you keep doing it. If we had a time machine and restarted where Bitcoin begins, I believe that most of us would buy thousands of BTC but we wouldn't, so we better stop thinking it becoming cheap as it is unlikely possible to happen. It is hopeless indeed, not this time while Bitcoin's popularity is rising still.


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September 09, 2023, 07:25:04 AM
 #91

This is the nicest and safest way because you don't have to rely on your investment for your essential needs because you have another source of income which you can easily get from there whenever you need something without worrying about your investment in bitcoins. Some people went overboard when they wanted to invest, they even sold their houses which is not recommendable especially when you don't have enough perseverance and patience for crypto market events such as volatility.

There are numerous individuals who when the first time experience success then they starts gathering lots of money by selling essential things of home because they experience success and forget that volatility also exists here.

The idea which expert utilize that larger amount have greater success and lower amount has smaller success is true but you will look into your pocket that whether you can use such a huge amount without worrying about it?

It is not necessary to become rich in a day therefore take time and visualize all the important things by investing smaller amount.
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September 09, 2023, 07:45:17 AM
 #92

For people like us who still struggles to invest money on Bitcoin I want to know if one day, 1 sat can ever cost as much as 1 cent? Is this possible? Sorry I can't afford to dollar cost into Bitcoin like everyone else, it's very hard for me, all I need is hope.

I can only afford to invest into Bitcoin once in two month and that's not every with big money, you should understand my situation, I am too shamed to call a number.

Is there any hope for small Bitcoin buyers like myself? Can 1Sat ever be 1 Cent one day? 
Doesn't matter if 1 sat will worth 1 cent one day or not. As long as you can afford to buy 1 sat, buy it (and I am sure you can afford more than 1 sat today). No one here can tell you if 1 Sat is going to be 1 cent or not, but what if it does end up happening? What if it happens within a week? You will miss your opportunity and then you will start regretting like the most of the people that didn't invest in bitcoin when it was few cents. You would be thinking that it would have been better if you bought few satoshies instead of making this thread. As long as you can afford to invest and hold, do it. Don't wait for anything.

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September 09, 2023, 07:47:17 AM
 #93

Hope always persists, and all possibilities can materialize. Despite Bitcoin having gone through numerous bull runs and dominating the crypto market, it could happen again in the future. Currently, it may still be far from what you hope for, which is 1 Satoshi = 1 cent. I regard this as your aspiration aimed at improving your life. On the journey toward 1 Satoshi = 1 cent, I hope you will gain valuable lessons that will influence your career advancement.

The mass adoption of Bitcoin by the world is the primary compelling reason for the path to 1 Satoshi = 1 cent, as the more people hold BTC, the higher the value it should possess. I believe it's a possibility, but I can't hold high hopes for it.
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September 09, 2023, 08:02:16 AM
 #94

Hope always persists, and all possibilities can materialize. Despite Bitcoin having gone through numerous bull runs and dominating the crypto market, it could happen again in the future. Currently, it may still be far from what you hope for, which is 1 Satoshi = 1 cent. I regard this as your aspiration aimed at improving your life. On the journey toward 1 Satoshi = 1 cent, I hope you will gain valuable lessons that will influence your career advancement.

The mass adoption of Bitcoin by the world is the primary compelling reason for the path to 1 Satoshi = 1 cent, as the more people hold BTC, the higher the value it should possess. I believe it's a possibility, but I can't hold high hopes for it.

It can be said that these are quite high expectations and goals, but anything can happen. Just like when bitcoin was only worth a few USD, no one believed it could reach 26kUSD to date, bitcoin is unpredictable. But in investing we should be realistic, need to set specific goals and depending on the situation from time to time, we can set more realistic goals. First of all, we need bitcoin to reach 100k USD per bitcoin in the next bull season. Then let's see how the world adopts bitcoin and we set our next goals. We should not be too hasty in expecting 1 bitcoin to cost 1 million USD when bitcoin has not yet surpassed 100k USD.

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September 09, 2023, 08:04:42 AM
 #95

-snip-
The mass adoption of Bitcoin by the world is the primary compelling reason for the path to 1 Satoshi = 1 cent, as the more people hold BTC, the higher the value it should possess. I believe it's a possibility, but I can't hold high hopes for it.
I also believe it is a possibility, but we cannot see it in the near future.
It takes time for bitcoin to reach 1 Satoshi - 1 cent, Bitcoin is still quite early and still about 14 years old...

No need to expect too much, later when the 4th halving occurs Bitcon can pass the last ATH it is already quite extraordinary, and the target when the next ATH must sell at $100k and that is my current target.
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September 09, 2023, 08:21:59 AM
 #96

Hope always persists, and all possibilities can materialize. Despite Bitcoin having gone through numerous bull runs and dominating the crypto market, it could happen again in the future. Currently, it may still be far from what you hope for, which is 1 Satoshi = 1 cent. I regard this as your aspiration aimed at improving your life. On the journey toward 1 Satoshi = 1 cent, I hope you will gain valuable lessons that will influence your career advancement.

The mass adoption of Bitcoin by the world is the primary compelling reason for the path to 1 Satoshi = 1 cent, as the more people hold BTC, the higher the value it should possess. I believe it's a possibility, but I can't hold high hopes for it.

It can be said that these are quite high expectations and goals, but anything can happen. Just like when bitcoin was only worth a few USD, no one believed it could reach 26kUSD to date, bitcoin is unpredictable. But in investing we should be realistic, need to set specific goals and depending on the situation from time to time, we can set more realistic goals. First of all, we need bitcoin to reach 100k USD per bitcoin in the next bull season. Then let's see how the world adopts bitcoin and we set our next goals. We should not be too hasty in expecting 1 bitcoin to cost 1 million USD when bitcoin has not yet surpassed 100k USD.
With what has happened in the past, why are many people still pessimistic about the possibility of what will happen, I don't think this is a high expectation but I think it is quite realistic.
$100k in the next Bullrun is very possible I think, it's not too far from the last ATH we saw back in 2021.
And yes, I agree with you that we have to be realistic in setting targets because it is impossible for the price of Bitcoin to jump very high in an instant, it all happens slowly and takes time, $100k is a very realistic price.

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September 09, 2023, 08:36:08 AM
 #97

-snip-
The mass adoption of Bitcoin by the world is the primary compelling reason for the path to 1 Satoshi = 1 cent, as the more people hold BTC, the higher the value it should possess. I believe it's a possibility, but I can't hold high hopes for it.
I also believe it is a possibility, but we cannot see it in the near future.
It takes time for bitcoin to reach 1 Satoshi - 1 cent, Bitcoin is still quite early and still about 14 years old...

No need to expect too much, later when the 4th halving occurs Bitcon can pass the last ATH it is already quite extraordinary, and the target when the next ATH must sell at $100k and that is my current target.

If I remember correctly, there was also a prediction that each satoshi would be worth 1 USD, meaning each bitcoin would reach 100 million USD, which was the craziest prediction I've ever seen. So, expecting each bitcoin to hit $1 million is still much more feasible, I also hope that will happen. But right, that won't happen in the near future so let's not set our expectations too high. Instead we should aim for the goal in front of us and it is closer than ever. A new ATH will be set and I expect bitcoin to surpass $150k during the next bull season.

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September 09, 2023, 08:58:11 AM
 #98

For people like us who still struggles to invest money on Bitcoin I want to know if one day, 1 sat can ever cost as much as 1 cent? Is this possible? Sorry I can't afford to dollar cost into Bitcoin like everyone else, it's very hard for me, all I need is hope.

I can only afford to invest into Bitcoin once in two month and that's not every with big money, you should understand my situation, I am too shamed to call a number.

Is there any hope for small Bitcoin buyers like myself? Can 1Sat ever be 1 Cent one day?  
There's nothing wrong about your slow investment with bitcoin. Of course, with how our current economy these days, it's hard to prioritize investment over our basic needs. But as long as you are still doing your part, and does not give up on your investment goal, hope will always be there.

I'm not sure as to when 1 sat will turn into 1 cent, but one thing is for sure, your bitcoin investment will never come into waste. Instead, as long as there is hard work and persistency, your bitcoin investment will definitely find its own way to succeed in the future. Just believe in yourself that you can do it and have faith in bitcoin as well.

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September 09, 2023, 09:07:52 AM
 #99

People should not just buy small amounts of Bitcoin to try to acquire more bitcoins in the future.... you should make the Bitcoin price work for you. I also started out by buying bitcoins on a weekly basis.. but I felt that was the wrong strategy. (You say you can only buy every other month.... and that is forcing you to buy at any price.... )

The best thing to do is to hoard your money and then to wait for the Bitcoin price to go low.... then use all that money to buy at a low price and then when the price goes up... you sell those coins for a small profit and hoard the profit... until the price drop again.... then you buy again. (Just watch the fees ... and only do this if you made a good profit... that are way more than your fees)  Wink

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Blitzboy
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September 09, 2023, 10:25:28 AM
 #100

People should not just buy small amounts of Bitcoin to try to acquire more bitcoins in the future.... you should make the Bitcoin price work for you. I also started out by buying bitcoins on a weekly basis.. but I felt that was the wrong strategy. (You say you can only buy every other month.... and that is forcing you to buy at any price.... )

The best thing to do is to hoard your money and then to wait for the Bitcoin price to go low.... then use all that money to buy at a low price and then when the price goes up... you sell those coins for a small profit and hoard the profit... until the price drop again.... then you buy again. (Just watch the fees ... and only do this if you made a good profit... that are way more than your fees)  Wink
Market timing can be advantageous, you're right. Market timing hazards are widely highlighted in history and academic studies. The theory sounds fantastic, but can you always foresee market lows and highs? Most likely no. Experts suffer too. Transaction fees and taxes must be considered.

Two key assumptions underpin your strategy: purchase low and sell high. The Bitcoin market is affected by many factors, including global politics, legislation, and market emotion. Sorry to be a downer, but Im being skeptical.

Your method could work but also fail, costing you more than your fees. Make sure you're ready for Bitcoin's volatility. However, everyone has different risk tolerance and investment approach, so what works for you may not work for others.

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