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Author Topic: help me not to leave btc  (Read 845 times)
fauzan Ichsan
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December 07, 2023, 05:41:34 AM
 #61

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
If your main interest you have in bitcoin is because of the economic gains that you may get, then it is reasonable that you also have some passing interest in altcoins which can grow in value even faster than bitcoin, to me it seems way better that you do not restrict yourself from investing in those coins as that is what you seem to truly want deep down, what you can do is to invest a small percentage of your capital on those coins so you can limit the negative impact those coins may have if you are just becoming a victim of FOMO, but other than that I do not think there is anything wrong with investing a small part of our capital in altcoins, as long as those coins are any good.
The most important thing is how we manage our money well, increasing the risk a little, but also increasing the rewards from investing in altcoins. but indeed by diversifying assets properly we will have the opportunity to get bigger profits, if the development of altcoins is not satisfactory, it will be covered by bitcoin, which is the safest asset to invest in, as long as it is not reversed, where the altcoin investment is greater than the bitcoin investment, then this will only add to the confusion in investing

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December 07, 2023, 07:37:38 AM
 #62

I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
This is your choice friend, it's all about investment, once you have your money for any viable projects in cryptocurrency, it's all good for you.

As you already know, Bitcoin is superior to all other coins, no doubt about that, and this will give you the rest of your mind in your money. No matter what, Bitcoin will continue to grow and in a few months or about a year to this time, you can't have the same amount invested in your wallet again in terms of the dollar value, you might have gained or even have multiple of the money you invested as gained in the wallet. But at times, more risk might be needed and that could be gotten through altcoins, and this can amount to more gains as well. And if you are to do it like me, you will be looking for a way to diversify your portfolio. You would be looking for the best means to divide the intended money for investment into Bitcoin and other coins (altcoins).

By this, you will not miss out on either side and I am sure that you might possibly gain more than if you invested it only in Bitcoin. As I said, the choice is yours, but when you are investing in altcoins, you need to do your thorough research so that you do not invest in scams or dead projects.

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December 07, 2023, 10:04:59 AM
 #63

To become a Bitcoin investor you first need to gain adequate understanding of investing. After gaining enough knowledge about bitcoin investment you need to develop a risk mind-set, when you have a risk mind-set then you should boldly invest in bitcoin and have full confidence in your investment and then try to hold that investment. In the beginning you have made a good decision that if you invest in Bitcoin I personally think it is a good decision for you. If you search you will find many such coins to invest in but you must find the right coin and you must have discussed the right one here. Investing in Bitcoin is very safe and relatively low risk investment when compared to other coins so you can be confident and try to gain more knowledge about investing.

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naira
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December 07, 2023, 10:24:11 AM
 #64

What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
Before going any further there are several points that are often one of the ideal factors for investing in Bitcoin with DCA.

The first is to ensure that your finances are stable your monthly income and personal needs are met then you can allocate the remaining funds either weekly or monthly to repay Bitcoin in an amount that you can afford.

Second, always withdraw your Bitcoin from the exchange because your goal is a longterm investment so don't leave your Bitcoins in the hands of others. You must confirm the withdrawal fee because usually this is very important for those of you who always do DCA. For example I invest once every 2 weeks and then withdraw once a month considering the high fees these days I am forced to do that.

Third, make sure the cold wallet you have and the breeding seeds are backed up in a safe place for example in a manual place by writing in a notebook or something similar.

Fourth, don't be easily provoked by bad news regarding Bitcoin which causes your investment to be doubted. If you believe Bitcoin will be profitable in the long term then filtering bad news against the price of Bitcoin will minimize your worries.

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riantolie
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December 07, 2023, 10:32:13 AM
 #65

Do your research and understand why are you investing in it. It's harder when you're younger, but try to think in the long term. BTC will pump and dump a lot of times in the future. But in the long-term it will most likely melt faces. So if you want to DCA - remember that when you invest. And don't open your wallet too often. A couple of times in a day is enough when you don't have money to invest and don't plan to sell anything.
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December 07, 2023, 10:53:30 AM
 #66

Bitcoin is king in my book..Alts are little stepping stones to help me find more BTC .
These days I don't even really use Alts to get BTC because well they aren't BTC!

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moneystery
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December 07, 2023, 11:08:56 AM
 #67

staying with bitcoin or not is entirely your decision and we here cannot stop you from continuing to invest in bitcoin or not. it depends on your motivation whether you want to continue investing for profit purposes, or something else.

but what you need to remember is that bitcoin is a digital asset with potential and will be used by far more people than it is today. maybe you see that your current investment sometimes goes up or down, but don't look at the short term, but the long term. imagine 5 or 10 years from now, are you sure that investment will remain like that? i don't think so.

so because of this, use the potential of bitcoin as your motivation to continue investing in this instrument. and imagine that a few years from now you can be one of the successful people after investing in bitcoin.

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December 07, 2023, 11:16:05 AM
 #68

~~
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
If you invest in Bitcoin and hold it for a long time, it will definitely pay you the highest. We know that Bitcoin is a superior currency that reaches the highest value so if you invest in it, you can also get good amount from it. But you must be patient and wise enough to stay in Bitcoin. If you are investing in bitcoins you need to control your patience don't be emotional because if you can't control your emotions then you will never be able to hold bitcoins. That's why try to be patient and plan for a long term investment in Bitcoin as you won't get much profit in a short period of time. Bitcoin is currently climbing much higher than it has been in the past year and is growing rapidly to reach higher levels. So if you want to invest in bitcoins and hold them because there is a bull market ahead you buy and hold bitcoins. If you are expecting profit from Bitcoin investment then definitely you can use DCA method it will give you maximum risk free and you can profit if you use it.

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DabsPoorVersion
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December 07, 2023, 11:22:18 AM
 #69

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
Don't get FOMO'd with the current green market of every altcoin. Focus yourself only on Bitcoin or if you're not interested in selling your Bitcoin on this current pump in the market, you can keep yourself away from the market for the meantime while you continue investing by proceeding with your plan to do DCA strategy.

However, just a piece of advice, there's nothing wrong with investing in other coins aside from Bitcoin. If you have enough knowledge on how to identify the worthy coins in the market or if you know how to follow the flow of the market/trend you can diversify your investment portfolio and buy other altcoins you want.


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December 07, 2023, 11:29:17 AM
 #70

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
If you want to plan your DCA strategy for Bitcoin, you don't need to pay attention to meme coins or other shitcoins that are not at all your target for future investment assets. Because you only need to focus on your own work to continue earning and use some of that income to buy Bitcoin again as your own investment without having to look at other coins that are increasing because the biggest potential strength in investment in the crypto space is in Bitcoin, not in memecoins like that you mentioned.

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December 07, 2023, 11:56:53 AM
 #71

Right now is really hard because I'm sure you have some friends who are talking about their investment in altcoins and they are encouraging others to invest as well. This is not a good reason to migrate your investment or buy some altcoins because this is their fate and you create your fate as well by making your own personal decision no matter what happens. When you already have a strong desire to keep your investment in bitcoins, this sudden event won't really matter to you because you have a strong resolve that you gonna wait for the bull run in the future.

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December 07, 2023, 12:26:21 PM
 #72

What kind of mindset should I have to stay in Bitcoin?
You must have a mindset like:
  • Bitcoin OG: You should be as early as possible in owning bitcoin to experience its benefits; or
  • Technical Expert: You need high computing specs to corrupt bitcoin.

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December 07, 2023, 12:46:40 PM
 #73

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
If your main interest you have in bitcoin is because of the economic gains that you may get, then it is reasonable that you also have some passing interest in altcoins which can grow in value even faster than bitcoin, to me it seems way better that you do not restrict yourself from investing in those coins as that is what you seem to truly want deep down, what you can do is to invest a small percentage of your capital on those coins so you can limit the negative impact those coins may have if you are just becoming a victim of FOMO, but other than that I do not think there is anything wrong with investing a small part of our capital in altcoins, as long as those coins are any good.

Yes, there is nothing wrong with investing in altcoins as long as only a small amount of money is used to buy altcoins, and after investing in altcoins, even just a little, of course the feeling of fomo will be relieved a little and I personally also don't limit myself from investing in altcoins, but of course before jumping in to buy Altcoin conducts research first so that we know the potential of the altcoin, whether it has a good future or not. I agree with OP's words and it is indeed the best and safest thing to invest in Bitcoin, because investing in altcoins is of course very risky. but in this case of course the decision is in the hands of the op and I think if the op's knowledge about altcoins is still not much and knowledge about predictions and analyzing fundamentally and technically I think it would be better to just use bitcoin. So in this case of course it depends on our knowledge.
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December 07, 2023, 01:42:10 PM
 #74

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
At first bitcoin is a very good project in cryptocurrency network and I believe that bitcoin every one wants to invest with bitcoin due to it increase and it's volatility is higher than any other coins, do you know that their is no time you invest in bitcoin that is not a perfect time to invest with bitcoin, and secondly bitcoin is one kind technology that you will invest and you it will be difficult for you lose the way you can lose in Shiba and other coins, but accumulating your bitcoin is something you have to do when the price of bitcoin falls but right now it seems that the price of bitcoin is increasing every day, so this is another opportunity someone who have money can invest more in bitcoins because the price might climb to 60k before January 2024

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December 07, 2023, 01:50:24 PM
 #75

What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

I would say that you should have a positive mindset about Bitcoin because it's a safe investment and your returns can be a sure thing while investing in other altcoins is quite risky as they can lose a lot of their value in short amount of time. The market is totally dependent on Bitcoin's price if Bitcoin rises other coins will also rise but if Bitcoin doesn't rise then others will follow it again in that case.

Bitcoin is getting a lot of attention from the investors and that's why it's a solid asset for investors and people like you and me. I would suggest you to stop thinking about other altcoins and go with Bitcoin only but still if you want to have some investment in altcoins then make sure to have less then 10% investment in those altcoins and 90% or more in Bitcoin.

I recommend you to have a simple DCA plan where you should allocate an amount of money that you would use on weekly basis to invest in Bitcoin by following that DCA plan. For example if you have $10k then you should invest at least $250 per week by following that DCA strategy as that will allow you to accumulate a lot of Bitcoin over next 10 months and you'll have good returns in 2 years when Bitcoin reaches it's all time high once again in 2025.

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December 07, 2023, 02:25:44 PM
 #76

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

  Honestly, it's not too late for you to start saving Bitcoin through DCA. As long as you have the chance, just save. That is better than having nothing to save when the halving and bull run come.

  Then you are not wrong in thinking about Bitcoin and thinking that it will really increase next year. Just don't give up on your belief in Bitcoin if your only goal is to get or experience profit from it. And don't try another crypto first if you don't know how to choose the right one when the bull run comes.

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December 07, 2023, 02:44:23 PM
 #77

The most important thing is how we manage our money well, increasing the risk a little, but also increasing the rewards from investing in altcoins. but indeed by diversifying assets properly we will have the opportunity to get bigger profits, if the development of altcoins is not satisfactory, it will be covered by bitcoin, which is the safest asset to invest in, as long as it is not reversed, where the altcoin investment is greater than the bitcoin investment, then this will only add to the confusion in investing
Managing finances is indeed a very important thing for every person who has a steady income to do, but it will be very difficult if we don't have a steady income to be able to manage the finances we have well. If we choose to invest in altcoins of course we have to be able to do it properly. Choose the type of altcoin that has the potential to make a profit. Don't make the mistake of choosing the type of altcoin that will cause us to experience losses by buying altcoins which could be from the exchange.
I agree with you, if we have to invest more in Bitcoin and we have to be able to hold to be able to make a profit and with altcoins we can trade to be able to get daily profits.
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December 07, 2023, 02:47:01 PM
 #78

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
Bitcoin is the best you can ever think of, if you can afford to invest why not than thinking twice but despite bitcoin price is going up what you also need to understand  that bitcoin market is volatile and you have to have mindset that bitcoin doesn't make people to become rich.  You don't have to get millions to start investing in Bitcoin , you can invest by what you can afford maybe by also accumulating some amount of Bitcoin. Bitcoin is more valuable than any coin you can think about it, for you to make good profit from Bitcoin investment you need to have other source of income which you depend on , depending on you bitcoin can run you investment down.

R


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December 07, 2023, 02:55:52 PM
 #79

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
Just HODL the Bitcoin you have already, thats the mindset you need to have Bitcoin will still go up so keep Hodling and if you can, add up your positions in bits and take profit after the bull run.

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December 07, 2023, 03:37:35 PM
 #80

What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

Stop browsing altcoin price and just focus on checking Bitcoin. Having a mindset of investing only on Bitcoin is very hard to pull off if you are regularly checking altcoin price too which typically have more gains than Bitcoin on bull season.

Just like being loyal to your partner or wife. Don’t look to other girl if you want to stay focus your main girl. Same with Bitcoin, stop looking on altcoins.

Agree with this Bitcoin is the superior of all coins so nothing follows and if we say altcoins monster of them are scams so you need to be careful in order to prevent you from the scammers  we are highly recomend bitcoins for the investment rather than choosing those unknown altcoins.  And another thing 100% proven than Bitcoin can give us a good profits in the long term anyways the last decision is In ourselves and we need to choose wisely.

R


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