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Author Topic: You don't become a big investor by public opinion.  (Read 540 times)
jrrsparkles
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March 14, 2024, 05:26:54 PM
 #41

Even who bought Bitcoin when it was less than 10 cents may not even dreamt of seeing Bitcoin valued of 70K and optimistic is too far away for this kind of price difference, they saw something different and decided to throw some money that they have spent on useless gadget or whatever.
Indeed, many people left the distance or simply lost access to their Bitcoins. Since a lot of time has passed since prices were very low, but the community was not as large as it is now; there were not so many exchanges and services and even media. I know personally there are several people who have Bitcoins and bought them for less than 1k and continue to hold them because their goal is 100k and then they will calmly sell them.

$1K is considerably big amount when we are talking about the value in single digit or even lesser and that's why it's estimated around 4 million Bitcoins were lost simply because owners didn't have access to the wallet/seeds anymore. Well that made the price more higher and from now on people even hold fraction of it will be lot more careful.









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March 14, 2024, 05:41:31 PM
 #42

We can just go by our research and knowledge but keep public opinion as optional because the general public will exxagerrate things be it positively or negatively like we have seen in the past if Bitcoin pump they will say Bitcoin to Mars and if it dips then the same crowd would say Bitcoin is bubble or end of Bitcoin etc. we would never earn or be in peace if we listen to public opinion and take calls based on that.

All these are happening because there is many source that are discussing about the cryptocurrency market.  and so everybody is saying what they see while some people are just saying negativity to feed their pocket, and that is what make some investors to be somehow confuse even after they have invested you, will see them ending up selling what they have already invested. So listening to the public is what is affecting many people in the crypto space today, and that is why when the price pump everybody will be saying positivity about crypto while when it dumps people will start saying negative things about it.

All this are not a big deal, in my opinion. if we can settle down and do our own research it will be our guide in every step we want to take in the crypto in the space, and investors will no longer get confused, although investors that always get confuse are those that lack the knowledge of what they suppose to do.

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March 15, 2024, 03:13:01 PM
 #43

We need not rely on others to make decisions for us but instead, we make our own.
And Mr, Buffet is right, we wait several years to see the outcome of our investment because investing doesn't give us an instant profit nor do we expect that. As we can see, only a few people has the courage to invest rather than being a job seeker or employee as they prefer to get money monthly rather than been in investing which is uncertain.

If we want to become a big investor, then we also have to trust ourselves and the opportunity we see, not because people are suggesting this.
We invest in Bitcoin because we see its potential, not only because people are saying so.

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southerngentuk
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March 15, 2024, 05:06:07 PM
 #44

Disregarding opposing viewpoints is like shutting one eye while navigating a busy street.  Sure, you might have a good sense of direction, but there's a chance you'll miss something crucial.  Consider the early Bitcoin naysayers. Back when it was a digital penny, dismissing it entirely was easy. But a seed of doubt, a willingness to listen to the "crazy" ideas, might have opened doors to unforeseen possibilities.

Even Satoshi Nakamoto, the enigmatic creator, couldn't have predicted the full scope of the cryptocurrency revolution. The industry's explosive growth is a testament to the power of collective imagination.

Your journey with Bitcoin is a perfect example.  This forum, a space for diverse voices, has been your training ground.  Each interaction, each contrasting viewpoint, has honed your understanding. Now, you stand at a crossroads, confident in your own knowledge, but still open to the whispers of the crowd.

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Wakate
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March 15, 2024, 06:04:45 PM
 #45

Even who bought Bitcoin when it was less than 10 cents may not even dreamt of seeing Bitcoin valued of 70K and optimistic is too far away for this kind of price difference, they saw something different and decided to throw some money that they have spent on useless gadget or whatever.
Indeed, many people left the distance or simply lost access to their Bitcoins. Since a lot of time has passed since prices were very low, but the community was not as large as it is now; there were not so many exchanges and services and even media. I know personally there are several people who have Bitcoins and bought them for less than 1k and continue to hold them because their goal is 100k and then they will calmly sell them.

$1K is considerably big amount when we are talking about the value in single digit or even lesser and that's why it's estimated around 4 million Bitcoins were lost simply because owners didn't have access to the wallet/seeds anymore. Well that made the price more higher and from now on people even hold fraction of it will be lot more careful.
Many of the dominant Bitcoin that we think that was lost might not be lost. There are people who still have access to there Bitcoin but decided to leave it there because they have nothing to do with it. When we have enough funds to spend I don't think we would have to temper without our Bitcoin holding even though the price keeps falling and falling, there is nothing to lose at all. There are so many wallets containing huge number of Bitcoin that are just in there resting phase. The owners have nothing to do with it and left it domant for years without any move to transfer it or sell it.

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March 15, 2024, 09:02:42 PM
 #46

Bitcoin price as of 2009 was $0.09, imagine holding bitcoin from 2009 till date,that would have been a very huge portfolio.
         As an investor you can't afford to think how others do, or structure your investment plans on the opinion of others.
Investment as we all know is risky, because it involves financial asset.
Investment is  like planting a tree that would bear fruit forever, this same way should be the pattern investors think, future prospects...
           Reasons why an investor need to think, align and see what others don't see?
    1)  investments  decisions are not your meal plan decisions, it involves resources to be put at stake, without proper decisions those resources can sink in a second.
Most persons that is still calling bitcoin scam is as a result of wrong decisions they maid earlier.
   2)  investors, bitcoiners that bought bitcoin as of 2010 when it was just $0.30, sometime didn't expect bitcoin would worth $72K  currently.
   As Investors you need to be visualistic and optimistic, imagine what would be going through there brains now, Bitcoin has thought me what I haven’t learnt in any financial class at all.
 That's why I buy the idea of Warrent Buffet  "investment outcomes should be expected after a decade".
    3)   Bitcoin is rallying to a new ATH some have grasp the opportunity and learnt from history about what is to  come and the bright side of this decentralized currency in years to come.Some are holding for;
a) profit making in short term
b) profit making in long term run
Under which category do you fall, if we call ourselves investors then we need to make right decisions and not rest on others decision,media and firms analysis.
        
Investment like you said is like planting a tree, and for a tree to reach the stage of bearing fruits you will need time, some investment might take longer than others just like trees have different time range before it reaches maturity. Now when it comes to bitcoin investment, we have two types traders the day to day traders otherwise called swing traders and the long term traders. The swing traders are those that just stay in the market for a short period of time, they don’t need to wait for years or to wait for a coin to reach it's all time high before they take profits.  As long as they making profit for the day is okay by them. On the other hand we have the long term traders, I’m sure we have already heard enough about these types of investors. The Investment may not yield as expected, just like tree you don’t know if it will survive and bear fruit or not, life itself is risk and it’s worth taking.
 Relying on people's opinion without doing your own research and analysis is like flying a plane with a blindfold. You will be at the mercy of these news carriers whether good or bad, because of ignorance you will have to go with anything the person says. Which is not part of the characteristic of starting a business.  As an investor, you have to be able to see beyond what a common man sees for you to want to invest in that particular thing in the first place, it not always about the money most of the time. Time and effort too matters in having a productive investment.
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March 15, 2024, 10:10:02 PM
 #47

Even who bought Bitcoin when it was less than 10 cents may not even dreamt of seeing Bitcoin valued of 70K and optimistic is too far away for this kind of price difference, they saw something different and decided to throw some money that they have spent on useless gadget or whatever.
Indeed, many people left the distance or simply lost access to their Bitcoins. Since a lot of time has passed since prices were very low, but the community was not as large as it is now; there were not so many exchanges and services and even media. I know personally there are several people who have Bitcoins and bought them for less than 1k and continue to hold them because their goal is 100k and then they will calmly sell them.

$1K is considerably big amount when we are talking about the value in single digit or even lesser and that's why it's estimated around 4 million Bitcoins were lost simply because owners didn't have access to the wallet/seeds anymore. Well that made the price more higher and from now on people even hold fraction of it will be lot more careful.
Many of the dominant Bitcoin that we think that was lost might not be lost. There are people who still have access to there Bitcoin but decided to leave it there because they have nothing to do with it. When we have enough funds to spend I don't think we would have to temper without our Bitcoin holding even though the price keeps falling and falling, there is nothing to lose at all. There are so many wallets containing huge number of Bitcoin that are just in there resting phase. The owners have nothing to do with it and left it domant for years without any move to transfer it or sell it.
Well I don't know about that though, but there's still big possibility that it is true that these wallet owners still have access to them but on another note their is still every possiblity that the owners might have lost access to these wallet because having or leaving coins untouched for so many years is something that I can say only a few percentage of persons can do even if you claim to have all the money to spend and feel not to touch it, it might even be that some of these wallet are owned by people who weren't that certain of the growth of Bitcoin and bought it as low price then with the thought out of curiosity.
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March 15, 2024, 11:17:44 PM
 #48

We need not rely on others to make decisions for us but instead, we make our own.
And Mr, Buffet is right, we wait several years to see the outcome of our investment because investing doesn't give us an instant profit nor do we expect that. As we can see, only a few people has the courage to invest rather than being a job seeker or employee as they prefer to get money monthly rather than been in investing which is uncertain.

If we want to become a big investor, then we also have to trust ourselves and the opportunity we see, not because people are suggesting this.
We invest in Bitcoin because we see its potential, not only because people are saying so.

Should keep in mind that investing in any asset requires due diligence and careful examination of what you are about to jump into. Whether in crypto or any other tangible asset. One should bear in mind that you should take into consideration the pros and cons before buying any of the asset. Are you ready to embrace the worst possible scenario it can give to your funds?

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March 16, 2024, 11:47:44 PM
 #49

Even who bought Bitcoin when it was less than 10 cents may not even dreamt of seeing Bitcoin valued of 70K and optimistic is too far away for this kind of price difference, they saw something different and decided to throw some money that they have spent on useless gadget or whatever.
Indeed, many people left the distance or simply lost access to their Bitcoins. Since a lot of time has passed since prices were very low, but the community was not as large as it is now; there were not so many exchanges and services and even media. I know personally there are several people who have Bitcoins and bought them for less than 1k and continue to hold them because their goal is 100k and then they will calmly sell them.

$1K is considerably big amount when we are talking about the value in single digit or even lesser and that's why it's estimated around 4 million Bitcoins were lost simply because owners didn't have access to the wallet/seeds anymore. Well that made the price more higher and from now on people even hold fraction of it will be lot more careful.
Many of the dominant Bitcoin that we think that was lost might not be lost. There are people who still have access to there Bitcoin but decided to leave it there because they have nothing to do with it. When we have enough funds to spend I don't think we would have to temper without our Bitcoin holding even though the price keeps falling and falling, there is nothing to lose at all. There are so many wallets containing huge number of Bitcoin that are just in there resting phase. The owners have nothing to do with it and left it domant for years without any move to transfer it or sell it.
Well I don't know about that though, but there's still big possibility that it is true that these wallet owners still have access to them but on another note their is still every possiblity that the owners might have lost access to these wallet because having or leaving coins untouched for so many years is something that I can say only a few percentage of persons can do even if you claim to have all the money to spend and feel not to touch it, it might even be that some of these wallet are owned by people who weren't that certain of the growth of Bitcoin and bought it as low price then with the thought out of curiosity.
If it is possibility then for sure there is, that early investors are still holding and having no plans at all to sell their Bitcoin. It is just hard to think of the idea that they managed to hold given how many times the market price have 'peaked' on different years. I would like to assume that they had thoughts of selling it given that only a few have expected its market value to be as much as with the present. So I'm thinking, if they have full control of their crypto holdings, at what price point are they planning to sell it? 'coz if it is just the belief that its price could be xxxxxxxx or any number investors are looking forward with, it would be unending; we saw it already. Some people said they'd be selling at $20k as the peak price before but upon reaching it they refuse to sell and believed that price could go higher, then a crash will happen, then recovery, then a cycle.

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March 18, 2024, 08:09:38 AM
 #50


 A coin that was once sold at $0.09 is now $72K.
Bold this

 A coin that was once sold at $0.09 is now $72K.

Yeah it should be in Bold and must be edited to "IS NOW 73k" because indeed that highlighting the progress and success of bitcoin is also our success.

wondering how many old investors are still actively having their phrases ? because recently there is a whale(old investor) that sold His bitcoin for milions of dollars so that brings my interest to ask.

Even who bought Bitcoin when it was less than 10 cents may not even dreamt of seeing Bitcoin valued of 70K and optimistic is too far away for this kind of price difference, they saw something different and decided to throw some money that they have spent on useless gadget or whatever.
Indeed, many people left the distance or simply lost access to their Bitcoins. Since a lot of time has passed since prices were very low, but the community was not as large as it is now; there were not so many exchanges and services and even media. I know personally there are several people who have Bitcoins and bought them for less than 1k and continue to hold them because their goal is 100k and then they will calmly sell them.

but there are wallets that after 14 years have just wokeup now and have activities.

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March 18, 2024, 09:27:42 AM
 #51

Should keep in mind that investing in any asset requires due diligence and careful examination of what you are about to jump into. Whether in crypto or any other tangible asset. One should bear in mind that you should take into consideration the pros and cons before buying any of the asset. Are you ready to embrace the worst possible scenario it can give to your funds?
At the end, the holder is the winner but not easy to pass with that examination and I believe with the most of bitcoin investor when investing with bitcoin price under $6k last several years ago have sold out their bitcoin when raising higher price up to x2 or x3.
Its difficult how controlling emotional keep holding bitcoin when raising profitable more than 300% and most of them won't loss the great opportunity for selling bitcoin in the higher price.
Difficult to be big investor in bitcoin exactly since bitcoin invest at lower price and few months later success break out above 100% automatically many investor won't keep hold their bitcoin assets and prefer to sell than buy back later.

R


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March 18, 2024, 10:59:17 AM
 #52

Only having money does not make one an investor. Of course an investor should be aware of the potential risks and profits involved in investing. Any investment is risky but if the investor can take appropriate decision by doing proper research or judgement and analysis then there is a great possibility of being profitable from such investment. In some cases, an investor's quick decision-making can lead to success. Everyone who invested and held Bitcoin when it was under $1 is now one of the rich. However, in the early stages of investing, an investor would naturally struggle with various psychological factors before making a decision. Since I have invested a small amount in Bitcoin, I must say that I am an investor and one who is always looking to take advantage of the long-term potential in Bitcoin as much as possible.

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March 18, 2024, 12:25:16 PM
 #53


 Bitcoin price as of 2009 was $0.09, imagine holding bitcoin from 2009 till date,that would have been a very huge portfolio.
         As an investor you can't afford to think how others do, or structure your investment plans on the opinion of others.

I am curious if there are any investors who had bought bitcoin a long time ago
meaning way back 2009 that until now is still holding.
I have a feeling that there is none (I will be glad to be corrected) because the market depends on the demand from the people which affects how an investor thinks.

I am sure that someone who had bought bitcoin let go of it the moment it took off because they were excited to probably have profit
While others probably heard that bitcoin will soon be dead and they should take
Their coins out

This is why it’s extremely important to trust yourself and not listen to others too much
At the end of the day, it’s your money and it’s your responsibility



Your curiosity about the longevity of Bitcoin investments is quite valid. Indeed, some individuals have held onto their Bitcoin since the early days. These investors have weathered various market cycles, including significant fluctuations in value.

While it's true that some early investors may have sold their holdings during high-profit periods, others believe in the long-term potential of Bitcoin and choose to hold onto their investments despite market volatility.

It's a personal decision that varies from investor to investor, influenced by individual risk tolerance, investment strategy, and belief in the asset's future.

Your point about self-trust is crucial; especially with something as novel and volatile as cryptocurrency, it's essential to conduct thorough research and make decisions that align with one's financial goals and comfort level. At the end of the day, each investor must navigate the market based on their convictions and understanding.
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March 18, 2024, 12:56:15 PM
 #54

Clear: scorn for doubters and empathy for the daring. The key to investing in Bitcoin, or any asset, is seeing the vision others cant, knowing the risks, and taking chances most wouldn't.

Indeed, Bitcoin's rise from pennies to its current value is a financial spectacle. Not simply the figures, but also the belief in the future, market dynamics, and unflinching faith in one's actions. Many critics of Bitcoin label it a hoax because they lack the foresight or courage to act when it matters.


A personal plan and future vision underpin investment, not public opinion. The wise Warren Buffett recommends long-term investing. This idea is shown by Bitcoin's rise. Smart, independent decisions are vital, whether you're playing short or long. Whats Bitcoin's next decade outlook? Consider both current and future trends.  Grin Grin

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March 18, 2024, 01:14:00 PM
 #55

We are heading towards a new ATH in bitcoin price and as of now it's a man for himself it will be a huge loss for someone who is in the field of the crypto industry and yet doesn't exert all his efforts to accumulate some bitcoins for his investment because this crypto market scenario nowadays are indications of something big will gonna happen in the upcoming days and surely the bitcoins price will exceed all expectations due to its current popularity and trend this year. So what the others are waiting for? do they think they can get any good event such as this one? I don't think so.

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March 18, 2024, 01:37:53 PM
 #56

We learn every time so it doesn't matter what anyone faces with crypto, the real deal is if you can learn from your mistakes because those who learn are the only ones who grow.

If one follows public opinion and it fails them in the end, that doesn't mean it is the end of trying, automatically you are gifted if you can learn from your mistakes and move on.

Most of the time, people don't have goof advices because of their lack of knowledge, instead of them to keep shut and try to learn, they will come out in the public and run their mouth, I have never follow the public opinion and be proud of it, it's always misleading.

I stand up for myself and abandoned every other ideas from people, this was when I started getting myself, honestly, no one knows what's best for anybody, we are all struggling in this world, instead of following anyone I chose to find answers myself.

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Baki202
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March 18, 2024, 02:00:15 PM
 #57

We need not rely on others to make decisions for us but instead, we make our own.
And Mr, Buffet is right, we wait several years to see the outcome of our investment because investing doesn't give us an instant profit nor do we expect that. As we can see, only a few people has the courage to invest rather than being a job seeker or employee as they prefer to get money monthly rather than been in investing which is uncertain.

If we want to become a big investor, then we also have to trust ourselves and the opportunity we see, not because people are suggesting this.
We invest in Bitcoin because we see its potential, not only because people are saying so.
you can listen to people's advice but you don't have to take it because people can people wrong no matter how good they are at what they do You can collect ideas and then make a choice yourself that will be much better. and that is why emphasis is always placed on having an idea before going into anything. Because a lot of opinions won't be of any help, you can only add them for more knowledge. Investment is a lot of process and observation because you have to look at both demand and supply. There is more to having an idea and throwing money into it if you have people in that same business make your inquiries, then execute your plan according to your plan.

Even if you want to invest in the process, you can get a job first because investment money won't fall from the sky you need a source of income, and also from your job, you will be able to pick one or two things from there before going into your investment. and people in Bitcoin have a lot of faith, and that is why they are making good money from that investment. I cannot exactly predict what will happen, and still, people believe, and that is how every investment is supposed to be made, having faith that it will yield good fruit someday.

Vinaa77
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March 18, 2024, 04:56:46 PM
 #58

Only having money does not make one an investor. Of course an investor should be aware of the potential risks and profits involved in investing. Any investment is risky but if the investor can take appropriate decision by doing proper research or judgement and analysis then there is a great possibility of being profitable from such investment. In some cases, an investor's quick decision-making can lead to success. Everyone who invested and held Bitcoin when it was under $1 is now one of the rich. However, in the early stages of investing, an investor would naturally struggle with various psychological factors before making a decision. Since I have invested a small amount in Bitcoin, I must say that I am an investor and one who is always looking to take advantage of the long-term potential in Bitcoin as much as possible.
If investors have a good understanding of investment, of course they will understand the risks they will face in their investment and know how to solve the problems they will face when investing, when they can decide quickly, of course they will really understand correctly, how to carry out analysis well, they will be able to make the right decisions in a short time, of course this will benefit them, but for those who cannot yet understand how to analyze the market, of course they must be able to carry out research and analyze the market carefully and must make the right decisions on the investments they make to be able to gain profits from those investments.

When we understand the potential of Bitcoin, of course we will try to be able to invest in Bitcoin for a long period of time to wait for the profits from the investment and we must be patient in waiting for the profits from the investment.

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