Cryptmuster
Legendary
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Activity: 2114
Merit: 1363
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January 14, 2024, 02:31:16 PM |
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For me personally, Bitcoin (and crypto) is not the main source of my savings, but only one of the methods. I had a period in my life when I thought it was a whole cult and was very fanatical about it, but this time has passed since I have been in this industry. Of course, now is a good opportunity to buy more bitcoins for yourself while the price is more affordable. And in the topic they correctly said it is important not to forget to just live and not focus all your free time on bitcoin, everything should be in moderation and there should be a balance in these things.
You should never concentrate all your money in any one asset, you should always remember that diversification will help preserve your funds if one of the assets causes losses. Bitcoin is a great opportunity that is definitely worth taking advantage of, but I agree that it should not be your number one goal in life. It may be too late to buy now, at least I wouldn’t do it now, perhaps if a correction happens, but not now.
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Riginac111
Full Member
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Activity: 330
Merit: 110
Catalog Websites
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January 14, 2024, 02:36:51 PM |
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Bitcoin is wealth. Human beings are insatiable. So it is but logical and natural for human beings to not stop accumulating that which they desire. I have yet to hear a person who says I'm done earning money and from this day on I won't be looking for money anymore. On the contrary, even people in their old age want to make more money, not necessarily by working but they want to grow their wealth. This is probably the same explanation with people not having enough Bitcoin. But for as humans, echoing Nietzsche, it's probably the desire rather than the desired that truly drives us.
the history that I always tell people concerning money so from my own way of understanding of money earning of money is the infinity and human being is unsatisfiable when it come in terms of money so accumulating Bitcoin is like someone who is picking money or who is parking money to a particular place the person can never be satisfied until the money got finished before the person can be able to live the environment One thing that troubles people is that they don't know the strategies of accumulating in their Bitcoin but no one who knows about Bitcoin of having Bitcoin, the essence of this is that both earning of money and the earning of Bitcoin is unsatisfiable to human being provided that we exist
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dlightag
Member
Offline
Activity: 519
Merit: 12
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January 14, 2024, 03:31:12 PM |
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Information is very important, having a enough Bitcoin to hold for a long time investment requires adequate information towards the industry, which is the right time still being open to anyone, just that price of Bitcoin keep increasing in every session of circle that always occur after Bitcoin halving.
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GiftedMAN
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January 14, 2024, 07:33:03 PM |
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Information is very important, having a enough Bitcoin to hold for a long time investment requires adequate information towards the industry, which is the right time still being open to anyone, just that price of Bitcoin keep increasing in every session of circle that always occur after Bitcoin halving.
The rich can be seen as people that have e ought Bitcoin. An average man or investor can only afford units of Bitcoin which might not even be up to one Bitcoin. Those that have large numbers of Bitcoin are the ones that are able to control the market. The market is huge and it takes large number of Bitcoin for everything to change. The whales are institutions or companies that has high numbers if Bitcoin and they can decide to shake the market if they want. We can still make money from Bitcoin even though we don't know have large amount of Bitcoin by holding it and also staking for as long as we want before we decided to sell.
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KennyR
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January 14, 2024, 09:08:19 PM |
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The limited supply of bitcoin makes people feel that even the small fractions we were able to hold are enough. It takes time for people to realize the market and get into it. Anyone who doesn't have much technical knowledge will surely find it different when something with a virtual presence is mentioned as having value. When it was available at a low price, people weren't aware of it, but when people became aware of its growth, it had grown much higher, and common people were able to buy and hold small fractions. The rich can afford to buy much, and they're enjoying it to the fullest.
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Lorence.xD
Sr. Member
Offline
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
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January 14, 2024, 09:34:40 PM |
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Information is very important, having a enough Bitcoin to hold for a long time investment requires adequate information towards the industry, which is the right time still being open to anyone, just that price of Bitcoin keep increasing in every session of circle that always occur after Bitcoin halving.
The rich can be seen as people that have e ought Bitcoin. An average man or investor can only afford units of Bitcoin which might not even be up to one Bitcoin. Those that have large numbers of Bitcoin are the ones that are able to control the market. The market is huge and it takes large number of Bitcoin for everything to change. The whales are institutions or companies that has high numbers if Bitcoin and they can decide to shake the market if they want. We can still make money from Bitcoin even though we don't know have large amount of Bitcoin by holding it and also staking for as long as we want before we decided to sell. An average investor could still profit from Bitcoin's volatility even a small amount of Bitcoin. And those you have mentions institute or companies that we also known as whales, even if they hold a huge amount of Bitcoin or can manipulate the market by selling or buying bulk of Bitcoins, people are also taking advantages of those as well, so people can also benefits from their action that's why some have some groups of whale for people to be aware of their calls, you just need to be careful as there are a lot fake whales that can gives you wrong information.
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kamvreto
Legendary
Offline
Activity: 1974
Merit: 1157
MAaaN...!! CUT THAT STUPID SHIT
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January 15, 2024, 09:41:14 AM |
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Information is very important, having a enough Bitcoin to hold for a long time investment requires adequate information towards the industry, which is the right time still being open to anyone, just that price of Bitcoin keep increasing in every session of circle that always occur after Bitcoin halving.
The rich can be seen as people that have e ought Bitcoin. An average man or investor can only afford units of Bitcoin which might not even be up to one Bitcoin. Those that have large numbers of Bitcoin are the ones that are able to control the market. The market is huge and it takes large number of Bitcoin for everything to change. The whales are institutions or companies that has high numbers if Bitcoin and they can decide to shake the market if they want. We can still make money from Bitcoin even though we don't know have large amount of Bitcoin by holding it and also staking for as long as we want before we decided to sell. An average investor could still profit from Bitcoin's volatility even a small amount of Bitcoin. And those you have mentions institute or companies that we also known as whales, even if they hold a huge amount of Bitcoin or can manipulate the market by selling or buying bulk of Bitcoins, people are also taking advantages of those as well, so people can also benefits from their action that's why some have some groups of whale for people to be aware of their calls, you just need to be careful as there are a lot fake whales that can gives you wrong information. Many bots are used to monitor whale movements so that we can be prepared for what the whales will do. But don't fight the whale, don't go against the current, it's better to wait what the whale will do to be safer. High price fluctuations make crypto the best place to double profits in an instant, but you have to know how to manage and see opportunities that can be profitable. be careful in every decision you make, don't believe in the manipulation that the pope will do, don't panic too much.
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Popkon6
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January 15, 2024, 10:10:44 AM |
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The thought and belief of not having enough of something brings forth the constant pursuit of that object. Thus, acting as if we never have enough of a resource will allow us cognitively to always be looking to acquire said resource and then eventually this will lead to a surplus, right? Gosh I hope so! Becuase I sure need to get more BTC and I don't have enough!!!
Bitcoin is better to hold, as many investors have been clinging to Bitcoin since the past to fulfill their dreams. So there is still plenty of time to grab bitcoins because if you want to deposit bitcoins you can definitely deposit them. I don't want to stick it in any way as long term hold is best. But (I didn't act like a fool, because I didn't put all my eggs in one basket) I kept my invested bitcoins in different wallets.
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passwordnow
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January 15, 2024, 10:42:54 AM |
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It's still best to own as many assets as you can. With all the comparisons of owning assets, we're on a market that we have a lot of idea already and the pros and cons of it so we typically going to be in favor of saying that owning Bitcoin is much better than owning gold, real estate, stocks and the other assets or investments that we can own. If I'll choose two or three, I'll never drop Bitcoin as it is always going to be part of my list together with real estate.
I guess by just having this two, you'll be able to survive and if fortunate, you'll be able to retire with these great assets and you can enjoy your life without having to worry with anything because it can make you financially free. While with the real estate, you will have continuous source of passive income and the same goes with bitcoin that you'll have your retirement plan ready just in case the price soars to the amount that you've been waiting for.
My tip to those that think that they still don't have enough Bitcoin, just HODL. Don't be like me, I've sold too early but luckily I am still holding and will decide to sell these in the future without any regret at a right price.
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fuguebtc
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January 15, 2024, 12:31:33 PM |
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For me personally, Bitcoin (and crypto) is not the main source of my savings, but only one of the methods. I had a period in my life when I thought it was a whole cult and was very fanatical about it, but this time has passed since I have been in this industry. Of course, now is a good opportunity to buy more bitcoins for yourself while the price is more affordable. And in the topic they correctly said it is important not to forget to just live and not focus all your free time on bitcoin, everything should be in moderation and there should be a balance in these things.
You should never concentrate all your money in any one asset, you should always remember that diversification will help preserve your funds if one of the assets causes losses. Bitcoin is a great opportunity that is definitely worth taking advantage of, but I agree that it should not be your number one goal in life. It may be too late to buy now, at least I wouldn’t do it now, perhaps if a correction happens, but not now. But I think there is nothing wrong , and too bad when we focus on a single asset like bitcoin. I mean, there are a lot of people who have a lot of difficulties and hardships in life and they don't have too much money to diversify their assets and diversification will reduce their profits . Therefore, they need to accept risks and step out of their comfort zone to find ways to change their fate . Because sometimes if we are always scared and fearful we will never change our lives . Or until we change our lives, we are too old and our parents no longer have enough time to wait for us to succeed . As long as you always get up after every fall , always dare to face challenges and know what you are doing , you can accept risks with bitcoin. It's worth a try .
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yudi09
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January 15, 2024, 07:25:03 PM |
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Trying to balance Bitcoin, real estate and gold investments is fraught with challenges. If I can still try to keep Bitcoin regular with DCA, I also do gold based on financial conditions. Trying to add to real estate is still out of my reach.
One of the issues is a dilemma of whether to re-balance your portfolio, or just put a specified amount on a regular basis and just let it be. Re-balancing is probably a sensible option, you aim for your crypto-holdings to be no more than 20% of your portfolio, so if BTC shoots up and becomes more than that 20%, you sell the excess to put in other assets. But than many would ask themselves why sell their best-performing asset in favour of anything else. As for real estate, just as with BTC, you don't have to buy a whole house or whole bitcoin. You could purchase property jointly with other people or just invest in REITs. So true. Real estate does not require you to buy it all but you can do it together with other people who have plans to buy it or plan to invest in it. For me, I currently need a house that I don't fully have yet because I still have to pay it off. Other real estate assets are not yet on my list of must-haves even though I admit I want them, but not right now. I try to provide a balance in the types of investments between home, gold and Bitcoin. Bitcoin and gold are types of investments that I try to share in different percentages. The percentage on Bitcoin is a bit bigger but not too much different from gold because gold is still very valuable for other people which I can use as collateral to get something I want, including when I want to pay off the entire mortgage fee. Bitcoin remains an asset I probably won't touch because Bitcoin's returns are very different to gold.
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Maslate
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January 15, 2024, 08:03:39 PM |
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I guess people will never reach the point thinking that they have gained already sufficient amount of bitcoin. It's always not enough for sure, otherwise we won't hear from them anymore buying and accumulating more bitcoin so they can store enough amount of bitcoin in the future.
However, there's also an advantage having that kind of mindset since they will be more motivated to gain more bitcoin. But buying using funds that are not intended for investing anymore will also bring danger not only to the investment but certainly on the finances of the investor.
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GeorgeJohn
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January 15, 2024, 10:01:56 PM |
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We have other investment that is like Bitcoin but when you talk in terms of productivity and the intense of privacy I think a bitcoin should be the major one that someone can said his reliable, one thing I want us to understand concerning bitcoin is that it is a currency that does not die on the process but it only four and also rise and if you want to accumulate your Bitcoin I think is totally advisable and the incorraging because today the market may fall all my default to the extent that you dislike the value but tomorrow it will rise above our expectation that is why they investment nobody predicted accurately
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SeriouslyGiveaway
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January 18, 2024, 02:38:00 AM |
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We will always feel like that is not enough, not just with Bitcoin but with other asset classes as well. Human greed is bottomless; How much Bitcoin is enough for you? Once you reach that number, you may look at someone else's or your friend's wallet and continue to wonder why you haven't accumulated enough. I think you will feel much luckier than those who have never heard of Bitcoin. I believe in knowing when enough is enough and tolerating holding on longer than those who have more Bitcoin than you. Why do I say that? Let's do a simple calculation: if you have 1 BTC and someone else has 2 BTC, but they sell those 2 BTC when the price is only $20k, for example, you can gain the same amount that they get by selling your 1 BTC for $40 k. There are many paths to success and happiness; Know when enough is enough on your journey.
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tread93 (OP)
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January 18, 2024, 05:20:23 AM Last edit: January 18, 2024, 05:52:10 AM by tread93 |
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The thought and belief of not having enough of something brings forth the constant pursuit of that object. Thus, acting as if we never have enough of a resource will allow us cognitively to always be looking to acquire said resource and then eventually this will lead to a surplus, right? Gosh I hope so! Becuase I sure need to get more BTC and I don't have enough!!!
I was just watching a youtube from KITCO NEWs with Gary Cardone. Thats right, Gary Cardone NOT his asshole brother Grant Cardone LMAO!!!! Gary had a lot of great things to say that were extremely logical and bullish. I'll put the link in here later.
If we have this mindset then we will always be trying to get as much of it as we can. Lets face it, getting BTC is at this point more rewarding for the average person than buying Real Estate, Gold, Silver, Oil stock, etc. Lets keep stacking! I DON'T HAVE ENOUGH, WE DON'T HAVE ENOUGH!!! STACK SATS!!
So where is the link you promised to put in here? Stocking gold is what people does over the years same as silver and other metal assets , others now are stacking their funds inside real estate in which also good source of passive income. But good to know that Bitcoin now is one place where people are putting their money , online currency is the future of other people like us now. Thanks for the reminder on the link! The portion I was talking about which is what I was meaning to elaborate on can be found here, start at 29 minutes in. The reason I made this post was because Gary seems to have a ton of BTC and other assets (more than enough for the average person) and even he said he feels like he doesn't even have enough BTC. It's worth the watch his 4 minute tangent on bitcoin is so great, he also goes onto talk about gold and silver and oil and real estate but he really paints a great picture of the opportunity that everybody has right now to front run the banks, and yes there is still more time! Its not quite over yet like he says, youll zee what i mean jjst watch( I meant to put this in the post when I wrote it but got off track) https://youtu.be/6t2wjT9s0xE?si=Opc4s1B8K83Q9SmS
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cryptoWODL
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January 18, 2024, 06:18:57 AM |
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Human needs are never ending people want more than they get. I think no matter how much wealth we acquire we will try to acquire more wealth or want to acquire more wealth. Similarly, if we have enough bitcoins, if someone around us has more bitcoins than me, we wish I had more bitcoins than that. But although I don't have enough bitcoins, I am satisfied with the amount of bitcoins I was able to earn till now by the grace of Allah. I may not have earned a lot of bitcoins in my life but what I did earn was very important to my life and I think it was enough bitcoins in my life. But I am still trying to earn bitcoins, maybe this will continue in the future.
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dderekwalcott
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January 18, 2024, 09:53:51 AM |
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I think I'm a bit late to buy bitcoin. Because I couldn't buy BTC when it was near $14500 . And now the amount of BTC that I have seems low.I don't like keeping all assets in one place .But I partially agree with you that I have less bitcoins than I should have because of halving .
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NNRR
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🪙 🪙 🪙 🪙
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January 18, 2024, 10:59:35 AM |
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Brother there is no end to man's needs now maybe you are thinking or I am thinking that I don't have enough money and we always pray to the God to give me this and give me that but at the end of the day it turns out that if one of our desires is fulfilled then there is another desire inside our heart. Because there is no end to human wants, it seems wisest to me to be content with whatever wealth you or I have.
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Volimack
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★Bitvest.io★ Play Plinko or Invest!
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January 18, 2024, 11:27:02 AM |
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Yeah if you go beyond your capacity then nothing is enough. Therefore if an investor stays within his limit he can go towards fulfilling his needs even if it is a limited amount. Bitcoin price continues to rise and is well on its way to halving so no one will be disappointed if they invest yet. At the end of the day the value of the coins will increase and everyone will hold them according to their needs.
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snowpega
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January 18, 2024, 11:43:40 AM |
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I hate it when some posts on this Forum act like we are some cult or something.
It is in my opinion not healthy when Bitcoin becomes as important to you as the air you breathe. Bitcoin is very rewarding and has changed lives for the better, but it has changed lives for the worse too. How? Easy. Greed, ego and such.
Stack Bitcoin but do not forget there is a life to live. A family to feed, other investments to make. Some of them in yourself.
Yes, Dear, I do agree with you. The biggest enemy of the person is his/her greed and always in search of more and more that will lead him/her to destruction. Many of them are accumulating more and more and don't spend for the enjoyment of life and I think it is a very bad habit I think if you get a good profit give a treat to yourself and your Beloved family as life is very unexpected. I think we should spend money but not in too over manner like spending money on rubbish things that have no good value in your life.
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