kotajikikox
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October 31, 2023, 07:54:28 AM |
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I think we should stick to investing only what we could afford to lose, when it comes to investment specially in crypto we all know how volatile it is. I know that most of us have a big expectation to the next halving but for me right now I wouldn't tighten my budget just to invest more than I could.
Maybe OP is capable of doing such so let him be , but this is not a general advise as the more you double is the more you risk, it may be easy if you are for longer time of investment because you may choose time when to sell. but if you are something like holding only for a year or so then did not find the perfect timing to invest? then you are for sure a loser. investing what we could afford to lose is correct but sometimes we can also invest those we cannot afford but we must be willing to hold for long term. i have learn buying each time i have funds no matter if it is dumping or climbing but separated for my short term investment and my long term because I divided my folio in two parts.
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CryptoBuds
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October 31, 2023, 08:55:08 AM |
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I personally doubling investment will not be that easy, I even have my share of doubt whether the future market when bullrun arrives could truly regain the all time high, after all its really high all time high we got here with bitcoin because the market was previously invested heavily by many big companies that willing to invest millions into bitcoin including tesla. now that many has withdrawn it might be quite difficult, but there are indeed still many companies putting millions for their investment diversification even more so from investment company that manages investment funds. but i still accumulating in case new all time high will be reached then that will be massive investment returns because if all time high passed, it will be massive gain from the very bottom a few months ago.
Bitcoin or cryptocurrency is a very risky investment and if you have doubts that you cannot double your account investing here, I think you should not invest in bitcoin. I don't mean to attack you, and what I want to say is, since we took a risk by investing in bitcoin, we should have bigger goals than doubling or tripling our investment. The risks we take when investing in this market are huge and we need to get the rewards we deserve. If you expect your investment to double, there are many other investments that do the same and are safer. Don't hesitate, set yourself a bigger goal and believe in bitcoin.
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Ultegra134 (OP)
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October 31, 2023, 10:53:29 PM |
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Why do you have little faith though? did Bitcoin already failed to reach new all time high every 4 years? I will have doubts as well if we have somewhat didn't see a bull run in 2020-2021, because of the pandemic, so obviously you are already proven wrong with your argument.
From which part are you implying that I've little faith in Bitcoin? My point is simply that the $50,000 mark isn't that far from our current price and is a very likely and realistic price to meet in the few upcoming months. Yeah, and just like when you posted this thread, suddenly the price went on a spike, reaching as high as $35,150 and then we are trading on $34,310. Not to rub it in, but Bitcoin proves it's doubters again, sorry to burst the bubble to you OP.
What bubble are you bursting? There's no bubble to burst, nor did I ever imply that I'm another doubter of Bitcoin; I wouldn't be here if I were one. I don't understand how you're claiming such a thing when I'm nowhere close to implying something like that. And let's just wait till the bull run in 2024-2025 and see how big it will be. Just for the record, the lowest low is $15,500. And with the current price, we are almost 130% from it, meaning if we have bought at that price last year and continue to do DCA one year later, we should be in the profit right now. So in the next bull run, the returns could be higher than we expected, just saying.
I never mentioned that the lowest is $25,000, but that the nearest low of a few months is approximately there, which is still a decent price for those who missed the opportunity to buy at $15,000 or $20,000 in terms of investment capabilities, and $50,000 is a pretty viable target within 2024. The current global economic situation is certainly not good. With two major wars going on at the same time, it is highly likely that economic institutions will not fare well. We also often hear about the bankruptcy of various financial institutions. In particular, the condition of the banking system is not very good. But the positive thing here is that since Bitcoin is a decentralized asset, people are trying their best to convert their wealth into Bitcoin. As a result, the demand for Bitcoin is also increasing massively. If a person loses confidence in keeping slowly building wealth in traditional platforms then Bitcoin is a suitable platform where you can invest your wealth safely against inflation. In the current scenario, Bitcoin price is rising and will continue to increase, we expect bitcoin price will surpass the previous ATH in the next year.
Apart from the ongoing wars themselves, I'm mostly worried about a new potential energy crisis. We already had a rough one after COVID-19 and the Ukrainian War, and the battlefront in the Middle East certainly isn't helping.
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rodskee
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November 01, 2023, 11:14:39 AM |
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If you can carry Holding long time there is no need to doubling your investments Because your funds will make its way to multiplier even how many than just doubling and also why bother to add more when you are safer and contented in how much you are going to risk? remember that this market is about risk and trust and also what we keep telling newbies to "Invest what you can afford to lose" so why need to add more ?
another thing is that you don't know where is the right timing , so buying one time big time is for me the most appropriate and more favoring still.I bought mine last year (though i still have some sitting in my wallet before that purchase) but I kept holding and waiting for the perfect timing to sell them all, maybe in the next bull run effect that will settle late part of 2024 or the last early quarters of 2025.
We know that people wont really be just that easy trying out to make x2 with their holdings but this is actually that we would really be normally be asking for more on which it is really that a common approach and which we know that there would really be people who would really be preferring on choosing altcoins rather than on sticking with Bitcoin basing up on the multiplier that they could get then it would really be just that a normal approach that they cant really be able to possibly get with holding on Bitcoin alone but there's no doubt that when it comes to assurance then we can somewhat really that trust up to Bitcoin which we know that confidence is really there. Doubling investment with Bitcoin? Yes, its possible and could be achieved or even more but doesnt mean that you would really be just limiting yourself into a single investment on a single coin. You could really always have the option and choices whether you would really be considering other stuffs as well like altcoins or other projects which you do seem for it to have the potential then you could really be having the choice. let them stay in altcoin and besides it is their money mate and we have no power against them so if that is their decision then be it, but mine? I only have some few of it that i tried to use as diversifying strategy,like what have said , there is no problem if we are to double our investment but the question is that are we ready for sideways? because there are no complete assurance here mate so why need to double when you can invest what is available and not requiring how much.take your chance at any time you wanted and how much you wanted.people here keep digging to tell OP to double his money but are we really there to double ours? I don't have to because I already had mine and waiting for the dragon to take over the market.not just bull lol.
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Dimitri94
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November 01, 2023, 02:13:28 PM |
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With halving less than a year from now, the majority of us are speculating a major increase in price and possibly the start of another bull market after 4 years. Some are expecting to surpass the previous ATH of almost $70,000 and possibly reach $100,000. Although this scenario sounds great and all, I'm not quite confident that it'll happen in the upcoming year or so. The current economic condition in the world isn't too promising and, in my opinion, will set back investments in general, including bonds and the stock market. I hope I'm proven wrong, though.
Generally, when the global financial situation is good, there is a positive movement in all types of business, including the stock market of different countries. But the crypto market always behaves differently. As we saw in covid-19 when all types of financial institutions went bad crypto was bullish state. Again the current situation is exactly the same. With the effects of the current war and inflation seen in the world, the reports of all financial institutions are not good, but cryptos are on the bullish side. We may soon see a bullish movement in Bitcoin. As we look towards the Bitcoin halving event towards the end of next year, there is a lot of excitement among investors which is a positive aspect. Hopefully we'll soon see Halving move towards a major bull market and the upcoming bull market is going to be a significant event for Bitcoin.
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Eternad
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November 01, 2023, 02:18:39 PM |
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Generally, when the global financial situation is good, there is a positive movement in all types of business, including the stock market of different countries. But the crypto market always behaves differently. As we saw in covid-19 when all types of financial institutions went bad crypto was bullish state.
You probably didn’t know what really happened to crypto when Covid-19 first hit hard the global economy. Bitcoin price plummeted from 10K to 3K level that time. Bitcoin just recover quickly than the rest of the global market due to the news of institutional investors entering crypto market. But in general, Bitcoin is still affected on what’s happening on the global economy it’s just Bitcoin is so resilient which FUD doesn’t last longer and the hype is very strong to push the price quickly in upward movement.
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arabspaceship123
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November 01, 2023, 02:32:52 PM |
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Only 179 days from now, so the bitcoin halving will happen, and it won't be long before we see. Every four years we experience a bull market and the price of Bitcoin reaches its highest peak during that time. Half a year is much less time for this halving to happen, and we can anticipate a bull market during this period and see the market at a good level. As we have seen earlier in 2021 the Bitcoin market ATH peaked at $69k, accordingly we can predict the bull market price to be above $100,000. This will be really interesting when the market will rise overnight and the bull run will start and the price of Bitcoin will continue to increase and move to this level. As we believe it is not too late today, we will see market positions soon. At this time the market is currently in the range of $35,000, and we expect Bitcoin to cross $50,000 before the halving. And those who invested during this time will surely get double profit when the market price will be five times ATH.
I'm sympathetic towards ppl who've decided to buy before halving. I can’t blame them if they’ve invested in the hopes they’ll be selling for $100,000 because they’re surrounded by FOMO which’s pushed on them. If they’re investing with wisdom they’ll put in amounts they’re willing to lose if the value doesn’t surge the way they’d expected. I view it as wildly bullish but patience will be tested, I expect more negative is still ahead and possible.
For investors it's a waiting game but if FOMO pressure gets to your head it’s going to force early sales so they’ll be disappointed with their returns. Investors have to be careful because halving events doesn’t mean short selling profits.
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Sophokles
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November 01, 2023, 07:55:27 PM |
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I view it as wildly bullish but patience will be tested, I expect more negative is still ahead and possible.
For investors it's a waiting game but if FOMO pressure gets to your head it’s going to force early sales so they’ll be disappointed with their returns. Investors have to be careful because halving events doesn’t mean short selling profits. Those who are holding their bitcoin over the long bear season won't sell off their holdings early as the reward for their patience should be much higher. Halving reduces block rewards but historical data shows btc market doesn't move due to halving but other factors that happened post halving period ETF approval and halving are some obvious events that will occur in the future which can create the initial phrase of the bull rally. But there will be more unknowable positive events that represent a greater outcome.
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Ultegra134 (OP)
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November 01, 2023, 08:36:48 PM |
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With halving less than a year from now, the majority of us are speculating a major increase in price and possibly the start of another bull market after 4 years. Some are expecting to surpass the previous ATH of almost $70,000 and possibly reach $100,000. Although this scenario sounds great and all, I'm not quite confident that it'll happen in the upcoming year or so. The current economic condition in the world isn't too promising and, in my opinion, will set back investments in general, including bonds and the stock market. I hope I'm proven wrong, though.
Generally, when the global financial situation is good, there is a positive movement in all types of business, including the stock market of different countries. But the crypto market always behaves differently. As we saw in covid-19 when all types of financial institutions went bad crypto was bullish state. Again the current situation is exactly the same. With the effects of the current war and inflation seen in the world, the reports of all financial institutions are not good, but cryptos are on the bullish side. We may soon see a bullish movement in Bitcoin. As we look towards the Bitcoin halving event towards the end of next year, there is a lot of excitement among investors which is a positive aspect. Hopefully we'll soon see Halving move towards a major bull market and the upcoming bull market is going to be a significant event for Bitcoin. While I understand your point, I believe that the situation was quite different during COVID-19. The whole economy had come to a stop, factories had shut down due to quarantine, and shipping industries were facing major issues. I can't explain why Bitcoin was thriving during that period; perhaps due to stocks' poor performance, investors switched to cryptocurrencies. Who knows? This is just another assumption. Now it's completely different; the economy has been disrupted as a result of two active battlefronts, both of which countries involved are active exporters of wheat (for Ukraine) and oil (for Israel). The situation is quite complicated in general, and everything we say is mostly based on assumptions. I'm hoping Bitcoin isn't largely affected and that we can ultimately put an end to these wars before more innocent people suffer.
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dunfida
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November 01, 2023, 08:45:43 PM |
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If you can carry Holding long time there is no need to doubling your investments Because your funds will make its way to multiplier even how many than just doubling and also why bother to add more when you are safer and contented in how much you are going to risk? remember that this market is about risk and trust and also what we keep telling newbies to "Invest what you can afford to lose" so why need to add more ?
another thing is that you don't know where is the right timing , so buying one time big time is for me the most appropriate and more favoring still.I bought mine last year (though i still have some sitting in my wallet before that purchase) but I kept holding and waiting for the perfect timing to sell them all, maybe in the next bull run effect that will settle late part of 2024 or the last early quarters of 2025.
We know that people wont really be just that easy trying out to make x2 with their holdings but this is actually that we would really be normally be asking for more on which it is really that a common approach and which we know that there would really be people who would really be preferring on choosing altcoins rather than on sticking with Bitcoin basing up on the multiplier that they could get then it would really be just that a normal approach that they cant really be able to possibly get with holding on Bitcoin alone but there's no doubt that when it comes to assurance then we can somewhat really that trust up to Bitcoin which we know that confidence is really there. Doubling investment with Bitcoin? Yes, its possible and could be achieved or even more but doesnt mean that you would really be just limiting yourself into a single investment on a single coin. You could really always have the option and choices whether you would really be considering other stuffs as well like altcoins or other projects which you do seem for it to have the potential then you could really be having the choice. let them stay in altcoin and besides it is their money mate and we have no power against them so if that is their decision then be it, but mine? I only have some few of it that i tried to use as diversifying strategy,like what have said , there is no problem if we are to double our investment but the question is that are we ready for sideways? because there are no complete assurance here mate so why need to double when you can invest what is available and not requiring how much.take your chance at any time you wanted and how much you wanted.people here keep digging to tell OP to double his money but are we really there to double ours? I don't have to because I already had mine and waiting for the dragon to take over the market.not just bull lol. Totally a test of patience and perseverance and trust with your investment because if you are really that too impatient then it would really be ending up that kind of selling early or buying to early on which we know that these are really that the crucial moments on which it does really needs up for someone to think up clearly and carefully because if you dont then you might really be that ending up on making bad decisions just because you cant really be able to make yourself that seeing on what are the things that you are anticipating. I agree into those other words above that doubling investment could really be that achievable with Bitcoin specially into its current price which is 35k and hitting up its ATH then it does mean that we are really that getting x2. I agree into those points that there are really just that people that who do really likes on dealing up with things on which it is more risky and this is why they are really that deciding on touching up altcoins or projects on which they do seem that it does really have that chance on pumping out their price once the bull market happens. Everything would really be still not sure because this market is been that unpredictable.
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arabspaceship123
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November 02, 2023, 12:29:36 AM |
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EFT approval's a factor but it's about the time they're expecting to hold before they're forced to sell to cut losses. If bitcoin doesn't surge weeks after halving how many investors would be getting worried enough to sell early? It's going to be about their personal circumstances but FOMO isn't an ideal reason to buy or sell. Those who are holding their bitcoin over the long bear season won't sell off their holdings early as the reward for their patience should be much higher. Halving reduces block rewards but historical data shows btc market doesn't move due to halving but other factors that happened post halving period ETF approval and halving are some obvious events that will occur in the future which can create the initial phrase of the bull rally. But there will be more unknowable positive events that represent a greater outcome.
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lienfaye
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November 02, 2023, 12:51:39 AM |
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EFT approval's a factor but it's about the time they're expecting to hold before they're forced to sell to cut losses. If bitcoin doesn't surge weeks after halving how many investors would be getting worried enough to sell early? It's going to be about their personal circumstances but FOMO isn't an ideal reason to buy or sell.
Possible. Because many investors are expecting that after the halving next year that would be the start for the price to rise. Therefore if it didn't happened after weeks, weak investors might sell early for being uncertain of what to do with their investment and the fear of losing the money they invested. Well, if you think investing in Bitcoin is profitable and you're firm of what you believe in, then invest. However there's always a risk because even the future seems bright for Bitcoin due to many factors that can influence the price to soar high. Everything is still uncertain. That's why investing is solely for people who have knowledge and can accept the result regardless of what could it be.
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moneystery
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November 02, 2023, 04:39:02 PM |
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we are all optimistic that the price of bitcoin will increase significantly in the next few years. and doubling our current investment is a good decision. but it should be noted that investing in bitcoin doesn't need to be rushed, everything needs a process. increasing investment slowly is more recommended, for example by using the DCA method. with this method we can invest our money in bitcoin in a more measured way and reduce the potential for losses that we might experience.
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Gozie51
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November 02, 2023, 06:31:30 PM |
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we are all optimistic that the price of bitcoin will increase significantly in the next few years. and doubling our current investment is a good decision. but it should be noted that investing in bitcoin doesn't need to be rushed, everything needs a process. increasing investment slowly is more recommended, for example by using the DCA method. with this method we can invest our money in bitcoin in a more measured way and reduce the potential for losses that we might experience.
Dollar Cost Averaging doesn't mean you will not incur losses, it is just the gradual and periodic investment of coin or other commodities at regular or equal basis by which you can take stock of your investment, progress from time to time and it mitigate against volatility. However, it value can drop depending on what you invested on but the good thing is if you invest on bitcoin then with patience the value will rise again in the future. For example El Salvador that invested 3years ago, I believe they will have good value of their bitcoin by the time of bull next year.
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jaberwock
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November 02, 2023, 07:46:23 PM |
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Generally, when the global financial situation is good, there is a positive movement in all types of business, including the stock market of different countries. But the crypto market always behaves differently. As we saw in covid-19 when all types of financial institutions went bad crypto was bullish state.
You probably didn’t know what really happened to crypto when Covid-19 first hit hard the global economy. Bitcoin price plummeted from 10K to 3K level that time. Bitcoin just recover quickly than the rest of the global market due to the news of institutional investors entering crypto market. But in general, Bitcoin is still affected on what’s happening on the global economy it’s just Bitcoin is so resilient which FUD doesn’t last longer and the hype is very strong to push the price quickly in upward movement. It was like BTC got shocked, and maybe the people panicked and sell. And since the life is hard outside, this leads for more people to sell their coins for a while to get something. Later on the situation about Covid became manageable and people starts earning an income again. That might also be the time that investors are entering crypto as you mentioned and people are now considering crypto and bitcoin as digital currency for use on different things. Another thing that makes FUD doesn't last long is because of the Bitcoiner's. They already know what BTC can do and they know that FUD's are nothing but only created to destroy BTC.
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Renampun
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November 02, 2023, 08:56:05 PM |
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I think we should stick to investing only what we could afford to lose, when it comes to investment specially in crypto we all know how volatile it is. I know that most of us have a big expectation to the next halving but for me right now I wouldn't tighten my budget just to invest more than I could.
Maybe OP is capable of doing such so let him be , but this is not a general advise as the more you double is the more you risk, it may be easy if you are for longer time of investment because you may choose time when to sell. but if you are something like holding only for a year or so then did not find the perfect timing to invest? then you are for sure a loser. investing what we could afford to lose is correct but sometimes we can also invest those we cannot afford but we must be willing to hold for long term. i have learn buying each time i have funds no matter if it is dumping or climbing but separated for my short term investment and my long term because I divided my folio in two parts. what you are applying here is the bitcoin investment method with DCA, so regardless of the price of bitcoin, you will buy it within the time period you planned, apart from that, only using money that we can lose in Bitcoin investment is a good thing in your financial management, buying bitcoin at a price like now will give you many benefits, sooner or later, bitcoin will definitely make a new ATH, so those who buy bitcoin regularly will definitely be lucky in the future.
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arabspaceship123
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November 04, 2023, 11:03:13 AM Last edit: November 04, 2023, 11:19:09 AM by arabspaceship123 |
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Accepting results including the loss isn't something ppl can do effortlessly. If investors don't carry checks on how they'll be affected if their investment isn't as bright as they wanted they'll end up losing more than bitcoin. If they can't afford it they shouldn't invest. They've got to accept there's a risk so they shouldn't bank on expected profits after halving because we don't know what'll happen. Well, if you think investing in Bitcoin is profitable and you're firm of what you believe in, then invest. However there's always a risk because even the future seems bright for Bitcoin due to many factors that can influence the price to soar high. Everything is still uncertain. That's why investing is solely for people who have knowledge and can accept the result regardless of what could it be.
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Japinat
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November 04, 2023, 08:24:49 PM |
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I know that these are all pure assumptions, but instead of speculating massive ATH and 3x or 4x returns, which are way too common in the forum, why not expect something that is more probable to happen in the near future? And to be honest, doubling your investment is a great yield that cannot easily be found in other forms of investment.
It is quite clear that we don't know what the price of bitcoin will be by next year, but that won't make me have a moderate price tag to sell my bitcoin assets at $50k, even when I know that after months of the halving season, Bitcoin tends to give a new ATH. To tell you the truth, many crypto investors would like to aim for more than double the profits of their bitcoin investment. At least many will be looking at a profit of 3x or 4x of their bitcoin investment, depending on the market condition of crypto. You can sell your coins and expect 3x or 4x from your investment capital, but the right time when to sell will still be indefinite. However, if the next year's bitcoin halving will leave a very good market position which enable bitcoin price to double or triple from the current price, then why not? Bitcoin can still be highly profitable even in the times when we least expect it. I think what's important actually is that we get to sell in profits every time there is bull run, regardless if its 2x or 3x profitability. For me, that is more important so you won't miss any opportunity to make profits just because you are busy expecting a very high price resistance even if the market is still not capable to achieve it.
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erep
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November 04, 2023, 10:04:51 PM |
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what you are applying here is the bitcoin investment method with DCA, so regardless of the price of bitcoin, you will buy it within the time period you planned, apart from that, only using money that we can lose in Bitcoin investment is a good thing in your financial management, buying bitcoin at a price like now will give you many benefits, sooner or later, bitcoin will definitely make a new ATH, so those who buy bitcoin regularly will definitely be lucky in the future.
Even though we apply the DCA strategy, we must prioritize buying bitcoin at a lower price than the current market price to get maximum profit, the impact of market fluctuations allows the market to experience a market correction after a high increase, so we still have the opportunity to buy at a lower price and even though If you are focused on long-term investment, we still prioritize buying Bitcoin at the right price. The key to successful bitcoin investment is to be patient to carry out your investment strategy, my friend said he would invest if the price of bitcoin fell below $20k and he had been waiting for it after the last ATH last year, he had collected a 1x profit from his investment capital.
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jeraldskie11
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November 04, 2023, 10:55:40 PM |
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I know that these are all pure assumptions, but instead of speculating massive ATH and 3x or 4x returns, which are way too common in the forum, why not expect something that is more probable to happen in the near future? And to be honest, doubling your investment is a great yield that cannot easily be found in other forms of investment.
I agree with you. Instead of thinking that the price of Bitcoin will reach 100k, it is better to focus on what it will reach first. It is very impossible for it to reach that price in just a couple of candlesticks, there is always a retracement that will happen because there are resistances to be respected in the chart. So for now, we are expecting for the price to reach the ATH or surpassed it before we go to the next goal which is $100k price. I think there's a huge dump when the price hit $90k because of the idea that there will be panic selling when it reaches $100k resulting to a massive unfilled orders.
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