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Author Topic: help me not to leave btc  (Read 845 times)
Ryu_Ar1
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December 06, 2023, 08:00:52 PM
 #41

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?
There is nothing to suggest because you also know about btc which is superior to altcoins, especially the shitcoin you mentioned so in this case you who have said with confidence that btc is superior just have to do what you believe is right.
DCA can be a very good option for making the investment that you are currently doing because even though bitcoin is currently in a positive trend and the increase continues to occur every day but I think if the goal is a few years from now then buying now will not lose and it is not too late to do so.

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December 06, 2023, 08:59:35 PM
 #42

If you don't have the patience to deal with market's volatility and you always see bitcoin as a get rich quick scheme, then don't bother to invest in bitcoin anymore. You can make initial profits but seeing yourself in consistent profits is impossible. But if you really have the goals to stay in bitcoin for longer time, then motivate yourself not to be impatient and always put in mind that everything in bitcoin needs hardwork and persistency.

Bitcoin is just like any other investment that needs time and continuous efforts to see it flourish and progress. Faith is important, that's why even if you experience inevitable losses, the fact that you trust bitcoin more than any other crypto investments makes you stick with bitcoin no matter what.
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December 06, 2023, 09:23:40 PM
 #43

If your intention is be a btc hardcore then nothing else should matter. All you need to have such mindset is not to care about how high alts are because we all know btc will always reign supreme.

As for dca, you should do according to your capability, if you have a good source of income to dca, depending on the time frame, it can be weekly or monthly.
Your goal should be longterm because as you know btc price fluctuate alot and you might not get your price target within a short-term period.

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December 06, 2023, 09:46:44 PM
 #44

You don't need a mindset but discipline in yourself. If your aim is to stay longer with bitcoin and see yourself in progress, then never entertain negativity and always motivate yourself to grow as a bitcoiner, which means you need to take risks without being fearful and you need to go out from your comfort zone.

Bitcoin is a high risk asset and riskful journey. If you can't motivate and discipline yourself, then it's clear that your fate is not in bitcoin.
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December 06, 2023, 09:49:58 PM
 #45

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 king of crypto coins and you're very safe to stay in bitcoin, especially now that bull run and ATH is around the corner, so you can't go wrong with it. But if you must buy altcoins, I'm old school, so I'd advice you to stick to it's top coins, like ETH and BNB, they will not promise you very high ROI in the shortest time, but you'll still get high value for your investment. But if you have the shock absorber for high risk, then you can gamble with new coins, they're profitable, but you never know the ones that'll diminish before you cash in.

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December 06, 2023, 09:58:23 PM
 #46

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?
I do suggest about on having diversification on which basing up on the coins that you've been holding then i cant really deny that most of them are meme coins but we know that meme coins could shoot up into those
high multipliers on which Bitcoin couldnt really be able to achieve in speaking about its value and this is something that cant be debated. If you are really that minding about multiple folds of investment
then your current portfolio choice isnt really that bad. Therefore, it would really be just that depending on you whether you would really be liking on sticking with Bitcoin or would really be keeping those coins that you've been holding. You shouldnt really that forget into your mind that always take profits if you do see that surge amount or value and dont tend to hold for too long but since we arent still on bull run yet
then its not bad to considering on holding those coins for now.

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December 06, 2023, 10:24:31 PM
 #47

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 have limited money then i strongly suggest for you to focus on bitcoin only i know it might be inviting to invest on other altcoins now that they’re going up because their price is much more lower than that of bitcoin but buying right now when the price is already inclining might not be the best idea because there’s a chance that you don’t get much profit

but if you really want to invest on altcoins make sure to do thorough research and identify its potential if it can go any higher or if the price you’re seeing right now is just a result of bitcoin’s prices going up and in time will not be reached again

your DCA strategy should depend on you and your capabilities since you’re 19 i’m guessing you’re either in college or doing some work already well whatever it is your DCA should depend on how much you are comfortable investing on a regular basis



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December 06, 2023, 10:29:29 PM
 #48

And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
Ask yourself if you have money to DCA to Bitcoin. The plans are easy to make but the execution and doing it is what the hardest part to do.

We can give you the plans that you want to hear but upon hearing those, are you sure that you're going to follow all of it? Because with what I know, most of the people that asks advises from the other people, they don't take heed and won't follow.

That's why, you can do your own strategy on this one. Sell every stuff that you have that has no relation to Bitcoin and use that fund for buying it and in that sense, you're not going to leave Bitcoin.



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December 06, 2023, 11:20:00 PM
 #49

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?
BTT has a highest climb yesterday and no doubt about that as the market is showing this but about the other coins , there is a little increase
comparing to bitcoin but yeah it is not enough for me to  decide leaving BTC and convert to other coins, maybe you should chill and stop checking
the market specially shitcoins because you will surely be affected for comparison .

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December 06, 2023, 11:21:08 PM
 #50

You don't need a mindset but discipline in yourself. If your aim is to stay longer with bitcoin and see yourself in progress, then never entertain negativity and always motivate yourself to grow as a bitcoiner, which means you need to take risks without being fearful and you need to go out from your comfort zone.

Bitcoin is a high risk asset and riskful journey. If you can't motivate and discipline yourself, then it's clear that your fate is not in bitcoin.
In the current price of Bitcoin, it's a little bit risky to invest because we are waiting for retracement to occur. It's better to wait for a pullback before you invest since the market sentiment is uptrend, it will increase the chance that the market will go to your desired direction. Motivation and disciplined is a very important in trading because you won't succeed if you don't have it. You can't be a disciplined person if you're rushing to trade, having a trading plan is a sign that you are a disciplined person. Having this personalities will help you to develop a strong fate in Bitcoin.

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December 06, 2023, 11:35:52 PM
 #51

Your age is giving you the vibe that you need to ride the FOMO and that's not a good indication as an investor. You can't even decide for yourself so you're asking what to do with all of those shitcoins that you have and by the time that you've seen them up, you're going to leave the other for it.

The best time is now before the halving of Bitcoin, is this you that's already firm with the decision that you're not going to leave Bitcoin? Honestly, there's no need for you to leave Bitcoin or what you liked and have invested before. What you must do is to just reinvest with your new money if you ever had it.

You're still 19 and had a lot of things to do and with your investing decision now is going to determine your future with Bitcoin. Decided and investing to Bitcoin? No money? Sell what is necessary to be sold and what you don't need anymore.

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December 06, 2023, 11:56:08 PM
 #52

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?
I don't think it's too late for you to invest in bitcoin. You don't have to own a lot of bitcoin or satoshi to earn; you just have to watch out when you are going to do your DCA and analyse the market first. Because bitcoin is volatile, the opportunity is always there. If you can analyse and execute, then you know when to buy satoshi for your DCA. In fact, bitcoin is the safest coin if you know how to analyse the market, unlike altcoins and shitcoins, which tend to fail. You don't have to be afraid and push yourself to invest if you are unsure. Take your time; bitcoin investment is always there to be invested, so it will never be too late. I started late in bitcoin but am still earning because it depends on how you will execute in the market; it's all about you. If you are not confident enough, then build your confidence.

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December 07, 2023, 12:09:35 AM
 #53

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?
I don't think it's too late for you to invest in bitcoin. You don't have to own a lot of bitcoin or satoshi to earn; you just have to watch out when you are going to do your DCA and analyse the market first. Because bitcoin is volatile, the opportunity is always there. If you can analyse and execute, then you know when to buy satoshi for your DCA. In fact, bitcoin is the safest coin if you know how to analyse the market, unlike altcoins and shitcoins, which tend to fail. You don't have to be afraid and push yourself to invest if you are unsure. Take your time; bitcoin investment is always there to be invested, so it will never be too late. I started late in bitcoin but am still earning because it depends on how you will execute in the market; it's all about you. If you are not confident enough, then build your confidence.
Mate have you read that post that you quoted ? because there is no single word there that he is planning or having second thoughts investing in Bitcoin because the truth is? he already have bitcoin and what is his concern now is about the skyrocketing of altcoins in the market that making Him think if he will continue his bitcoin holding or will transfer to other altcoins that may skyrocket first before bitcoin does.









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December 07, 2023, 12:18:33 AM
 #54

You don't want to invest in other coins and you think that Bitcoin is superior. I wonder why you have to mention that shitcoins such as Shiba Inu and others have skyrocketed. Don't mind them. But are they really skyrocketing? It seems they're not.

Anyway, DCA according to your capacity. You're 19 years old. Do you have a job? If you don't and you're dependent on your allowance, do it on wider time frames, say, monthly or every 2 months. If you already have a job and you can do it weekly or bi-monthly, you may choose that option. Just put in your mind that you're set for the long term.

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December 07, 2023, 01:07:55 AM
 #55

Don't sell your bitcoin to go and invest in altcoin because Bitcoin investment is safer but if you have more spare cash, you can invest only little amount into the coins in your list. Do not let investing in altcoin stop you from investing more money into bitcoin because bitcoin has a very wide market than altcoin, bitcoin is decentralized but so many altcoins are centralized, the advantage of Bitcoin in making profit is more unquestionable than altcoin.

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December 07, 2023, 01:35:26 AM
 #56

Just trust the process, you're already invested in bitcoin already and I don't think that nothing ever is better than that, if you feel like you're FOMOing on other altcoins, just remember that people that got out of bitcoin too early and then the prices started going up again and now they're regretting it so much and then they learn their lesson and buy bitcoin again but now the price aren't what it used to be for them so they value that they've got for getting back into bitcoin again is much lower than last time that they've got in. If you really don't like the idea of having to miss out on altcoins that are going up in prices recently, I recommend that you invest only what you can afford to lose.



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December 07, 2023, 01:54:28 AM
 #57

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?
Long term mindset. You must be able to survive for a long period of time with BTC because bitcoin is truly the strongest currency compared to altcoins. In fact, I think buying Bitcoin at the current price is still a good decision, the future price projection could be that BTC is above 100k.

the dca strategy that many people use may be different, but I still collect bitcoins regularly from the little income I have. at least I am very confident that BTC assets give me high confidence for the future.
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December 07, 2023, 03:15:56 AM
 #58

Bitcoin is the safest and most decentralized crypto, that's why many people dare to invest in BTC because the level of security is very good and of course it's different from altcoins which are always difficult to predict price movements and altcoins of course the risk is too high. Indeed, the profit from altcoins is always big but the risks are also very high. So in my opinion it would be better to prioritize security rather than high risk.

I think the mindset that you must have is that you must be able to see the current reality, of course you have seen how safe Bitcoin is and surely you also see that now the price of BTC is more than $ 43k, of course people are buying at past prices when BTC is expensive at the moment bull run of course there is a big opportunity to make a profit, of course for people who don't panic who sell their BTC during a bear market. Of course, it's different from altcoins because altcoins sometimes can't return to their original price, but bitcoin always creates a new ath.

planning a dca strategy of course you have to buy btc regularly, for example every month or week and of course you have to use money that are ready to lose.

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December 07, 2023, 03:24:15 AM
 #59

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?
The strategy that you can apply is actually not difficult. You only need to prepare money that is completely unused, or cold money. Then after that you can start running the DCA system slowly. Because now is still a good time to do DCA on bitcoin. Because the Bitcoin halving and bullish market will come soon. So you can start straight away when you already have cold money. And in my opinion, this is very mandatory to implement for the security and comfort of investing in Bitcoin.
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December 07, 2023, 04:25:48 AM
 #60

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.
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