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Author Topic: Invest in bitcoin and forget the investment  (Read 1052 times)
Ricardo11
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October 07, 2023, 04:13:59 AM
 #101

Of course, after investing in Bitcoin if we don't touch it at all, we can expect much better. Because Everyone knows this, by 2025 to 2026 bitcoin price will rise above 120k. Again it could be before 2026. For example, if we invest in Bitcoin now, forget about it for two to three years, we can achieve great success.

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October 09, 2023, 10:04:21 AM
 #102

I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.
There is no doubt that the next bull season that everyone is waiting for will bring good profits in Bitcoin. Investing in Bitcoin is a wish of every person but becoming a billionaire in Bitcoin is not that easy, because to become a billionaire it will require a huge amount of money to invest in Bitcoin. Which is impossible for small investors to invest such huge amount. If the value of Bitcoin 4x from here, you can imagine how much capital you would need to invest in Bitcoin to become a billionaire.


Even if bitcoin increases 10 times, we still have no chance of becoming billionaires unless we have hundreds of millions of dollars to invest in bitcoin.  Bitcoin is not a tool to help us get rich quickly or turn us from a poor people into a billionaire in a short time.

I'm expecting the price of bitcoin to rise in 2025 and 2026 so any investment in bitcoin  should be expected till next two years or three years time. Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

I think Bitcoin price is expected to increase more in 2024-25, because Bitcoin halving will happen in April 2024. The bull season usually starts six months to a year after the halving, so a pump in Bitcoin price is very likely in late 2024. We should invest in Bitcoin but don't forget it too much, because whenever you get a good profit exit the market with profit. Be sure to set your sell target in the same way that a buy target is set.

When the bull season comes, you can take profits and wait for the bear season to reinvest.  I don't think exiting the market after making a profit is a good idea.  the market is giving us a good opportunity to make money, why do we exit it after making a little profit?  we will not find a second market as good as this one.

The purpose of exiting the market after taking profit is that you cannot reinvest when the market is going up, because we have no guarantee how much the market will go up. We should wait for the fall again, so that we can buy again at a lower price. We analyze and estimate based on our experience and knowledge to achieve our profitability.

Our main objective is to make profit. Once we take a profit, re-entering can cause losses. Hence it is necessary to exit the market. The crypto market continues to fluctuate. Therefore, one should not worry about exit, but should look for another opportunity. Of course, cryptocurrency is a very good market, but it does not mean that we will not exit it.

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October 09, 2023, 11:12:45 AM
 #103

It is good advise to invest in Bitcoin and just forget about it till you actually want to remember, but the issue is how to endure the process of achieving this feat.
Enduring the process is not difficult if one really understands the market,  when their is no patience it is always very difficult to invest in bitcoin. If understands bitcoin,  and don't bother about the investment it is very easy and possible to make investment and to be successful in it.

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Also, the fact of buying the Bitcoin at once is good but can you really afford it?
You just need to afford what you can , you don't need to force yourself to afford what is more than your budget.
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Remember also that not your keys, not your coins, incase during the forgetting period, hackers get their way into your wallet or you don't know your phrases anymore.
That is why when investing bitcoin you don't need to hodl your bitcoin on exchange wallet because it is not safe anything can happen at anytime. The best wallet for hodling Bitcoin is the non custodial wallet.
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October 09, 2023, 12:55:45 PM
 #104

Well, investing in Bitcoin, then forgetting about it is a very effective method to increase investment. Many people do that. In fact, we know that there are some people who completely forgot about their bitcoin investment and lost the private keys they had, and until now they have not received them. I read the news that they lost millions of dollars. Yes, this is the negative side if we don't save the PK that we have well, but it is proof that this method really gives us a very good impact if we really succeed in doing it.
The problem is, it is very difficult to forget about the investments we have, especially if we can control them. As far as I understand, if we focus on an investment, then we will really pay attention to the price of that investment, and that makes us uncomfortable. I've also seen my friends do this, and I've also tried it myself. Even though it can be considered savings, or a long-term investment, automatically, we don't want the investment to lose its price, and end up being afraid when the price dumps. However, it is an effective method when we can actually do it.

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October 11, 2023, 12:32:06 PM
 #105

It will be a good option for those who like to invest long term. The method most of the investors observe is that anyone who invests in Bitcoin now will make profit during bullrun. Invest and forget is not a bad idea, but it is for long term investment but those who invest in short term they may not like this option. But investing and forgetting is not as easy as one might think. Because when bitcoin price goes up anxiety works in many people and again when the price goes down just when the volatility works that's  why many people can't forget.
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October 11, 2023, 01:28:50 PM
 #106

Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

Even though it's a pretty good suggestion, I don't think anyone will be able to do that. You cannot forget your investment. Especially if it's a smart amount of money. It's true that people buy physical assets and they don't check the price of their assets every day. But Bitcoiners used to check Bitcoin prices every day. Especially if they are active in the crypto market. If you are someone who does not check crypto forums and do not engage in other crypto community, you may buy crypto and then forget about it. But as I mentioned above, If you are someone who talks in Bitcointalk every day, do you think you will be able to forget about your investment?
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October 11, 2023, 11:17:38 PM
 #107

It's a good idea to buy bitcoin and forget about it for a few years. But keep the bitcoins in a safe place, especially if we store them for a long time. Don't keep it on an exchange so you can monitor it directly.

But we don't know when bitcoin will rise. Maybe by the end of 2024 there will be an increase.
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October 11, 2023, 11:19:05 PM
Last edit: October 11, 2023, 11:40:18 PM by AmoreJaz
 #108

It's a good idea to buy bitcoin and forget about it for a few years. But keep the bitcoins in a safe place, especially if we store them for a long time. Don't keep it on an exchange so you can monitor it directly.

But we don't know when bitcoin will rise. Maybe by the end of 2024 there will be an increase.

not totally forget, but at least you are keeping tabs with the market. we can never be sure even if it is bitcoin. though the adoption is continuously increasing, we won't exactly know its future.
but among these cryptocurrencies, btc is a very good candidate when you are thinking of long-term investments. and one thing to remind yourself is how secure is your stash? as hacking tools are getting sophisticated, you also need to upgrade where you are storing your satoshis.

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October 11, 2023, 11:41:14 PM
 #109

It's a good idea to buy bitcoin and forget about it for a few years. But keep the bitcoins in a safe place, especially if we store them for a long time. Don't keep it on an exchange so you can monitor it directly.

But we don't know when bitcoin will rise. Maybe by the end of 2024 there will be an increase.

not totally forget, but at least you are keeping tabs with the market. we can never be sure even if it is bitcoin. though the adoption is continuously increasing, we won't exactly know its future.
but among these cryptocurrencies, btc is a very good candidate when you are thinking of long-term investments.

Watching the market means we are also watching bitcoin price so this is not strategy as the OP is suggesting. Furthermore, any investment has risks and once you have accepted to invest in bitcoin, it means you are willing to lose that money. So why are you still afraid something bad will happen, meaning if bitcoin plummets you will sell it? Early adopters were successful because they bought bitcoin and forgot about it for a while because they knew if they watched the market constantly they would have to sell it.

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October 12, 2023, 12:12:55 AM
 #110

Bitcoin is a place of trust where investing will not make a profit Not so for those who have invested in Bitcoin They forget because they are Sure that The credibility of Bitcoin that will make a profit is that its price is constant This is why there will be a large price change in the future Therefore, if you invest now, you will benefit in the future.We are very much benefited by your valuable opinion which will help us to invest more faithfully agree with you.
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October 12, 2023, 01:15:20 AM
 #111

I have some part of my investment that I act like this , I believe had been staying in my wallet for more than a year now I cant say how much the value now but I know how much when I start putting it to my Ignore funds.

Maybe this is how good we must treat Bitcoin if we really trust Bitcoin ,  in the past halving I made  a mistake when i constantly checking the value and then when i thought it is the highest then I sell them all.
But now I know how to deal and not taking any amount in that particular part of my investments.


Forgetting our small part will not hurt our total funds so lets have some of it in our ignore money .

Bitcoin is a place of trust where investing will not make a profit
wait, but how could you say this? sorry but I think you get bitcoin wrong here.

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October 12, 2023, 02:00:05 AM
 #112

It's a good idea to buy bitcoin and forget about it for a few years. But keep the bitcoins in a safe place, especially if we store them for a long time. Don't keep it on an exchange so you can monitor it directly.

But we don't know when bitcoin will rise. Maybe by the end of 2024 there will be an increase.
It is essential to securely store the wallet's key phrase when holding Bitcoin for the long term. In some instances, individuals forget to create backups, leading to unfortunate scenarios where they lose access to their assets. Given the "buy and forget" concept mentioned by OP, ensure you do not forget your key phrase.

We cannot predict when issues might arise with our devices or the applications we use to store Bitcoin. A stolen laptop or a sudden hard drive failure can become a significant hassle when trying to access important files and applications. Without the key phrase, the chances of encountering difficulties with the recovery wallet used for Bitcoin storage also increase.
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October 12, 2023, 02:29:18 AM
 #113

(....)
Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.
This is easy to say but difficult to do especially if you are a beginner and you are just worried about your investment, from time to time you check the price of Bitcoin, checking the charts just to make sure your investment is still safe.
But as time goes by I can say that you will get used to be about this process.

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October 12, 2023, 02:30:34 AM
 #114

Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

Even though it's a pretty good suggestion, I don't think anyone will be able to do that. You cannot forget your investment. Especially if it's a smart amount of money. It's true that people buy physical assets and they don't check the price of their assets every day. But Bitcoiners used to check Bitcoin prices every day. Especially if they are active in the crypto market. If you are someone who does not check crypto forums and do not engage in other crypto community, you may buy crypto and then forget about it. But as I mentioned above, If you are someone who talks in Bitcointalk every day, do you think you will be able to forget about your investment?

I agree with you, I believe we all know that the longer we buy and hold bitcoin, the greater our chances of making profits. Although it sounds easy, I don't think many people can do it. We invest in bitcoin with the ambition of making high profits for a better life, so it is hard to say that we should forget about it or not check the price every day. I bet you that no one can do that when our minds are always thinking about bitcoin. The halving event is approaching and many people are counting every day, so how can we forget our investments for a while? Cheesy Cheesy

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October 12, 2023, 03:02:53 AM
 #115

~Snip~
Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.
Bitcoin investment is suitable for those who can hold for the long term. There are many people who invest in Bitcoins and after a few days have to sell them for personal needs or family needs. If the Bitcoin market falls far below the purchase price, the investment must be sold to account for the loss. What the OP said here is absolutely correct because investing in bitcoins is never considered an investment until you get a huge amount of profit from it. If you have to wait a long time for this, definitely wait. Remember that you can earn huge profits in Bitcoin investment even if it is late.

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October 12, 2023, 04:32:41 PM
 #116

Bitcoin investment, this is the opportunity for someone who wants to invest in bitcoin to invest in bitcoin without looking back, because anyone that invest in bitcoin now will make a profit during bullrun, the price of bitcoin is fluctuating and it does want to up since the price has being to twenty six thousand [26] is over one month or less than one month the price is being unrotational for price, I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

The way I'm looking at next bullrun am thinking that the bullrun will be something that will push bitcoin price  to approach hundreds thousands [100] for the price, but people will not invest now. I split my funds currently to different of coins expecting that if I don't make profit in any of the coins when bullrun comes I will surely make profit in bitcoin because bitcoin price now is no longer going downward or going upwards, but any move the price will make to go up the price will increase, I'm expecting the price of bitcoin to rise in 2025 and 2026 so any investment in bitcoin  should be expected till next two years or three years time. Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

Investing in Bitcoin has proven to be a lucrative investment right from onset, the early starters can attest to that. It is important to note that we can also have some other benefits accrue even while hodling our token as investment just like the Flexible savings programs.
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October 12, 2023, 10:29:49 PM
 #117

In the title that Op made, I do that kind of behavior when I invest, to be honest. This is if what I want in a crypto asset is long-term. Or maybe it's a kind of meme coin. I just don't know if anyone else is doing the same thing as me, and I feel like I'm not alone. And the creator of this matter probably does the same.

Because when you have this mindset with a cryptocurrency, you really don't have to worry about anything that happens in the crypto market. You will not be worried or scared because all we think is that if we know that the price value has really increased, we will return it to sell it and harvest the benefit it can give us, and if there is not, then there is no problem for us. .

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October 12, 2023, 10:34:29 PM
 #118

I would agree with you that most of those "investing" in bitcoin should make a purchase/investment and let it ride.  I wish I had taken this advice from myself many years back when bitcoin was around 200 dollars.  That being said if you're good at trading digitial assets, have at it, but most people aren't..so trying to play the market, short term buys and sells here and there are likely less profitable than just buying and holding long term.  IMHO anyhow.

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October 12, 2023, 11:11:04 PM
 #119

In the title that Op made, I do that kind of behavior when I invest, to be honest. This is if what I want in a crypto asset is long-term. Or maybe it's a kind of meme coin. I just don't know if anyone else is doing the same thing as me, and I feel like I'm not alone. And the creator of this matter probably does the same.

Because when you have this mindset with a cryptocurrency, you really don't have to worry about anything that happens in the crypto market. You will not be worried or scared because all we think is that if we know that the price value has really increased, we will return it to sell it and harvest the benefit it can give us, and if there is not, then there is no problem for us. .
A lot actually do have that kind of behavior. As people want to do long term holding and do not want to do anything if ever the price suddenly go down, it gives a little panic for many or if it goes up that gives us the excitement of selling it too early. If you forget about it, the higher probability to hold it for a long time.

Yes, there will be no worries, fear, or any emotion to feel. However, this may also lead you to possibility of missing to take a profit when Bitcoin reach the highest price. That's why it would be better to at least keep yourself updated on anything crypto related news when investing.


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October 13, 2023, 09:49:14 AM
 #120

In the title that Op made, I do that kind of behavior when I invest, to be honest. This is if what I want in a crypto asset is long-term. Or maybe it's a kind of meme coin. I just don't know if anyone else is doing the same thing as me, and I feel like I'm not alone. And the creator of this matter probably does the same.

Because when you have this mindset with a cryptocurrency, you really don't have to worry about anything that happens in the crypto market. You will not be worried or scared because all we think is that if we know that the price value has really increased, we will return it to sell it and harvest the benefit it can give us, and if there is not, then there is no problem for us. .
A lot actually do have that kind of behavior. As people want to do long term holding and do not want to do anything if ever the price suddenly go down, it gives a little panic for many or if it goes up that gives us the excitement of selling it too early. If you forget about it, the higher probability to hold it for a long time.

Yes, there will be no worries, fear, or any emotion to feel. However, this may also lead you to possibility of missing to take a profit when Bitcoin reach the highest price. That's why it would be better to at least keep yourself updated on anything crypto related news when investing.
Your heart can really race faster on this emotional rollercoaster as prices rise and fall. It's similar to watching a screen as your feelings move in time with it. Holding long term, then? Yes, it's a tactic, and it brings calm to a lot of people. As you mentioned, forgetting about it lessens the anxiety and excitement, correct? However, consider this idea, which is actually a problem: What if a significant development occurs in cryptocurrency during that "forgetful" period?

Keeping up with current events can change everything. It is about being informed rather than responding to every upswing and downs. Being informed enables us to make decisions with confidence. Because sometimes having the right information can make all the difference in the world of Bitcoin and investing. Recall that experiencing such feelings is normal; after all, we are human. Balance is the key, my friend. balance

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