JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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Success is something that will really be that depending on how someone would really be that handling himself into his crypto investment. Actions would really be that varying depending into your views and perceptions in regarding into your crypto investment. Doesnt matter if its on Bitcoin or other altcoins.
Fuck crypto. yes it does matter if it is bitcoin or shticoins.. and so be careful if you are confusing them and convoluting the ideas in your own head, which largely likely means that you actually don't even know what bitcoin is or how it differs from shitcoins. Real, seems he is confuse. So because investment is individually based, one should allow the other to invest into a wrong project making bad investment decisions, damn. This kind of opinion often lead newbies to make bad decisions and end up regretting because of lack of proper guidance. Wether or not, one should invest in Bitcoin and get over any need to invest in shitcoins especially a newbie, focus on the main goal which is Bitcoin not putting your money into Ponzi. I don't even have a problem with guys choosing to put up to 10% of the size of their bitcoin holdings into various shitcoins, especially if they cannot resist the temptation, then if they are at least limiting themselves to 10% while they are learning .. and especially learning about bitcoin, since it would seem that if you consider something like "crypo" and you put 90% into bitcoin and 10% into some various shitcoins, then you may well also spend 90% of your time learning about bitcoin rather than shitcoins, but yeah, there are a lot of people who are neither able to maintain focus, but when they go to talk about bitcoin as compared to shitcoins, they talk in kinds of vague-er-ies (the state of being vague) that make it difficult to know what the fuck they are talking about, since even though there are some various scammers that attempt to categories and give preference to various shitcoins being less shittty than other shitcoins, in the end much of that hardly makes any sense if you really look into the matter, but the problem of guys looking into the matter, is the will frequently fail/refuse to understand bitcoin's value proposition prior to figuring out the extent to which some shitcoin might be attempting to solve any kind of actual problem rather than either being a place to print money or a way to be an affinity to bitcoin or a way to facilitate other scams, which are likely not solving any problem besides pumping and dumping.. and if you are getting into them with a belief that you are going to be on the benefitting side rather than on the side that gets dumped on or rug pulled.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Cryptoprincess101
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Success is something that will really be that depending on how someone would really be that handling himself into his crypto investment. Actions would really be that varying depending into your views and perceptions in regarding into your crypto investment. Doesnt matter if its on Bitcoin or other altcoins.
Fuck crypto. yes it does matter if it is bitcoin or shticoins.. and so be careful if you are confusing them and convoluting the ideas in your own head, which largely likely means that you actually don't even know what bitcoin is or how it differs from shitcoins. Real, seems he is confuse. So because investment is individually based, one should allow the other to invest into a wrong project making bad investment decisions, damn. This kind of opinion often lead newbies to make bad decisions and end up regretting because of lack of proper guidance. Wether or not, one should invest in Bitcoin and get over any need to invest in shitcoins especially a newbie, focus on the main goal which is Bitcoin not putting your money into Ponzi. I don't even have a problem with guys choosing to put up to 10% of the size of their bitcoin holdings into various shitcoins, especially if they cannot resist the temptation, then if they are at least limiting themselves to 10% while they are learning .. and especially learning about bitcoin, since it would seem that if you consider something like "crypo" and you put 90% into bitcoin and 10% into some various shitcoins, then you may well also spend 90% of your time learning about bitcoin rather than shitcoins, but yeah, there are a lot of people who are neither able to maintain focus, but when they go to talk about bitcoin as compared to shitcoins, they talk in kinds of vague-er-ies (the state of being vague) that make it difficult to know what the fuck they are talking about, since even though there are some various scammers that attempt to categories and give preference to various shitcoins being less shittty than other shitcoins, in the end much of that hardly makes any sense if you really look into the matter, but the problem of guys looking into the matter, is the will frequently fail/refuse to understand bitcoin's value proposition prior to figuring out the extent to which some shitcoin might be attempting to solve any kind of actual problem rather than either being a place to print money or a way to be an affinity to bitcoin or a way to facilitate other scams, which are likely not solving any problem besides pumping and dumping.. and if you are getting into them with a belief that you are going to be on the benefitting side rather than on the side that gets dumped on or rug pulled. You are right jayjuangee, I use to tell people that if you are investing on Bitcoin don't be distracted by any altcoins or shitcoins because they will draw your attention such that before you will know it you have already invested more than that 10% of your Bitcoin holdings that you used to gamble altcoins because if you buy shitcoins and the price pumps and dumps and you lose your money you may attempt to still gamble again with part of your Bitcoin holdings on altcoins to see if you can actually recover the amount you lost initially and by so doing you keep on losing and before you realize you have extremely reduced your Bitcoin holdings. Any one who uses part of his Bitcoin holdings to buy an altcoin should just be ready to gamble with their emotions because it will look like someone who is trying to move out of his comfort zone to a place of distress.
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Marvelockg
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April 27, 2024, 05:12:52 AM Merited by JayJuanGee (1) |
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It all depends on the amount of bitcoin the person has accumulate over that interval of one year before you begin to talk about making of profit. If u do not have a sizeable amount of bitcoin in your portfolio you cannot be able to make this profit you are talking about ,especially if you are doing DCA it will take you time to accumulate a reasonable amount of bitcoin.
The method of collecting Bitcoin to get a larger amount varies from person to person, although the one we see most often now is to use DCA with a certain target time period. Because to achieve a bigger profit target, you definitely have to have a fairly large amount of Bitcoin ownership and that cannot be denied by everyone. That is why most people always pay more attention to their Bitcoin holdings portfolio than others because in Bitcoin everyone can make a profit as long as they have enough patience in collecting it and also have a fairly large amount in their own portfolio. Basically those are the investors who usually do the DCA in bitcoin to accumulate the bitcoin throughout the bear market. Those are the people who will then sell in the bull market and gain maximum return on Investments. I will not compare them with the traders who have different mind set and who will usually buy and sell multiple times to gain profits. You are still describing and even trying to worship traders as if you know how to tell the difference between a good trader and a not so good one, when the fact of the matter is that trading does not pay off for an overwhelming number of folks who even attempt it, and in bitcoin, we have had the overwhelming majority of folks profiting from establishing and following a practice that mostly errors on the side of accumulating bitcoin and holding it... not fucking around with trading and trying to believe that you are able to time tops and bottoms.. which is a bunch of bullshit where a lot of folks who try such a thing end up selling too much too soon and making a variety of other mistakes, so there is no need to be worshiping those kinds of practices and trying to act like it is some kind of practice that normies should aspire to. sometimes, one of the reasons why people try to just jump into Bitcoin investments in a time they feel the market is bearish hoping to zoom off whenever the market gets bullish is probably because they are still very new to the system and aren't ready for any long tern commitment that will see them to gaining better in the future. It's a mentality something that needs the right orientation or some sort of massive reorientation to bringing such individuals out of those short termed mindset, and I guess this kind of discussion is really helping to shape the right narrative for short sighted investors. And again, most people find it difficult to invest in Thier future in a manner that they might not necessarily see quick returns and so regardless of the prospect the future holds for long term investors, it doesn't get easy for them to shift thier mindset to focus more about accumilating for the long term. So maybe what is necessary to ask is, how long does a bear market last? And for that space of time, what's the quantity of Bitcoin can you comfortably accumilate such that selling when it gets bullish you can still remain in good profit? And then, even when you're in profit for investing so little, your intentions is to convert your BTC back to fiat and then what? Spend it all out out because you've made a little profit only to see Bitcoin getting more bullish and then buy using a bigger amount of money making your previous investment a total waste? That's crazy. In addition to the fact that DCAing for the long term will help build the quantity of bitcoin you have in your portfolio, long term investment is the surest way that will prepare for early retirement and it's even better than relying on the pension that's coming from the angle of the government as you're in this case the one at the centre of your investment. And sure, even if Bitcoin didn't end up shooting to high at the time of taking your holding after reaching your accumilation goal, it's still way better than saving in fiat or rushing to take out the small amount of Bitcoin you've been able to accumulate because you're in a little profit.
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Pi-network314159
Full Member
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[btc] or nothing more 📈💹 up we go
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April 27, 2024, 05:49:56 AM Last edit: April 27, 2024, 06:07:01 AM by Pi-network314159 |
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It all depends on the amount of bitcoin the person has accumulate over that interval of one year before you begin to talk about making of profit. If u do not have a sizeable amount of bitcoin in your portfolio you cannot be able to make this profit you are talking about ,especially if you are doing DCA it will take you time to accumulate a reasonable amount of bitcoin.
The method of collecting Bitcoin to get a larger amount varies from person to person, although the one we see most often now is to use DCA with a certain target time period. Because to achieve a bigger profit target, you definitely have to have a fairly large amount of Bitcoin ownership and that cannot be denied by everyone. That is why most people always pay more attention to their Bitcoin holdings portfolio than others because in Bitcoin everyone can make a profit as long as they have enough patience in collecting it and also have a fairly large amount in their own portfolio. Basically those are the investors who usually do the DCA in bitcoin to accumulate the bitcoin throughout the bear market. Those are the people who will then sell in the bull market and gain maximum return on Investments. I will not compare them with the traders who have different mind set and who will usually buy and sell multiple times to gain profits. You are still describing and even trying to worship traders as if you know how to tell the difference between a good trader and a not so good one, when the fact of the matter is that trading does not pay off for an overwhelming number of folks who even attempt it, and in bitcoin, we have had the overwhelming majority of folks profiting from establishing and following a practice that mostly errors on the side of accumulating bitcoin and holding it... not fucking around with trading and trying to believe that you are able to time tops and bottoms.. which is a bunch of bullshit where a lot of folks who try such a thing end up selling too much too soon and making a variety of other mistakes, so there is no need to be worshiping those kinds of practices and trying to act like it is some kind of practice that normies should aspire to. sometimes, one of the reasons why people try to just jump into Bitcoin investments in a time they feel the market is bearish hoping to zoom off whenever the market gets bullish is probably because they are still very new to the system and aren't ready for any long tern commitment I don't think this attitude its only for people who are new. Thesame thing is applicable to old bitcoiners. I know most people are just fucking around trading, but I don't give a dem about what they think they might be doing. It makes no difference when an old bitcoiner and new bitcoiner are doing thesame thing as buying in bearish Time and selling at bulish, it's all seams to me like trading or gambling. what really matters to me is how effective they are In Buying and HODLin Bitcoin for long term which the least or average maybe 4-10 years, and also 10-20 or 30 years at most. that will see them to gaining better in the future. It's a mentality something that needs the right orientation or some sort of massive reorientation to bringing such individuals out of those short termed mindset, and I guess this kind of discussion is really helping to shape the right narrative for short sighted investors. And again, most people find it difficult to invest in Thier future in a manner that they might not necessarily see quick returns and so regardless of the prospect the future holds for long term investors, it doesn't get easy for them to shift thier mindset to focus more about accumilating for the long term.
Reorientation is good to chanel traders or short term investors focus on the right part , but the matter is how many is ready to follow the right part? If I where some orientators I wouldn't want to border myself educating people whom are not really ready to learn, because it's like pouring water in a basket. But what really matters is just to pass the information across to people who are willing to learn because not all are really ready to learn. But I believe this discussion will change the narrative of some people who maybe ready to learn, just as you said.
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Barikui1
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 27, 2024, 06:42:49 AM |
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It all depends on the amount of bitcoin the person has accumulate over that interval of one year before you begin to talk about making of profit. If u do not have a sizeable amount of bitcoin in your portfolio you cannot be able to make this profit you are talking about ,especially if you are doing DCA it will take you time to accumulate a reasonable amount of bitcoin.
The method of collecting Bitcoin to get a larger amount varies from person to person, although the one we see most often now is to use DCA with a certain target time period. Because to achieve a bigger profit target, you definitely have to have a fairly large amount of Bitcoin ownership and that cannot be denied by everyone. That is why most people always pay more attention to their Bitcoin holdings portfolio than others because in Bitcoin everyone can make a profit as long as they have enough patience in collecting it and also have a fairly large amount in their own portfolio. Basically those are the investors who usually do the DCA in bitcoin to accumulate the bitcoin throughout the bear market. Those are the people who will then sell in the bull market and gain maximum return on Investments. I will not compare them with the traders who have different mind set and who will usually buy and sell multiple times to gain profits. You are still describing and even trying to worship traders as if you know how to tell the difference between a good trader and a not so good one, when the fact of the matter is that trading does not pay off for an overwhelming number of folks who even attempt it, and in bitcoin, we have had the overwhelming majority of folks profiting from establishing and following a practice that mostly errors on the side of accumulating bitcoin and holding it... not fucking around with trading and trying to believe that you are able to time tops and bottoms.. which is a bunch of bullshit where a lot of folks who try such a thing end up selling too much too soon and making a variety of other mistakes, so there is no need to be worshiping those kinds of practices and trying to act like it is some kind of practice that normies should aspire to. sometimes, one of the reasons why people try to just jump into Bitcoin investments in a time they feel the market is bearish hoping to zoom off whenever the market gets bullish is probably because they are still very new to the system and aren't ready for any long tern commitment that will see them to gaining better in the future. No, I really don't think so about this statement here, I think it's totally contrary to what is happening in today's market, for the few months I have been in this crypto space, I have come to understand that almost all newbies mostly buy during bull season, they only buy when everything are ok, when the market are mostly green, and they start panicking when the market start declining, and that is why the the higher numbers of panic sellers are mostly newbies, because they don't have much belief in Bitcoin, and they mostly sell at a loss when the market start declining, they don't know that Bitcoin have what it takes to bounce back from any setback, because over the years, it has proven over and over again that it can recover it previous value, and it gets better with age, just like a fine 🍷 wine, so it's only people that have gotten a little bit of knowledge of Bitcoin and how it works, would know that the best time to buy is during the bear season, or through the DCA accumulating strategy, so my brother, knowledge is key, even in this crypto space.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
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Dailyscript
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April 27, 2024, 06:44:51 AM |
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sometimes, one of the reasons why people try to just jump into Bitcoin investments in a time they feel the market is bearish hoping to zoom off whenever the market gets bullish is probably because they are still very new to the system and aren't ready for any long tern commitment that will see them to gaining better in the future. It's a mentality something that needs the right orientation or some sort of massive reorientation to bringing such individuals out of those short termed mindset, and I guess this kind of discussion is really helping to shape the right narrative for short sighted investors. And again, most people find it difficult to invest in Thier future in a manner that they might not necessarily see quick returns and so regardless of the prospect the future holds for long term investors, it doesn't get easy for them to shift thier mindset to focus more about accumilating for the long term.
That's a very bad idea for a new investor. Waiting for so long when the price is low before buying their starting their investment. I wont be surprised that such person has been waiting for long now for the right dip, and has procrastinated until he found out that this is the lowest he can get. Its wrong to keep waiting to buy bitcoin, this is because when we do there is a probability that the price might keep going up and going up never coming down before we realize the price that would be consider as a dip will be a higher price above the current price that such investor would have bought then. If you know such person planning to enter the market when the price dip tell them to buy now, buy more when the price drops and still buy more when the price goes up. Haven't they heard of DCA, with DCA they wont bother looking at the price. So maybe what is necessary to ask is, how long does a bear market last? And for that space of time, what's the quantity of Bitcoin can you comfortably accumulate such that selling when it gets bullish you can still remain in good profit? And then, even when you're in profit for investing so little, your intentions is to convert your BTC back to fiat and then what? Spend it all out out because you've made a little profit only to see Bitcoin getting more bullish and then buy using a bigger amount of money making your previous investment a total waste? That's crazy.
Its difficult predict how long any bitcoin cycle would last. Whether bear or bull its uncertain to know the time period. This is because there are various circumstances that could surround each of the individual cycles at every given period and when it does until it is over we would continue to see a bear market. But honestly its doesn't matter, what matter is how you were able to take as much advantage out of the bear market to build up enough portfolio in bitcoin. The quantity you will attain depends on the quantity you bought. The higher the amount of bitcoin you bought during the bear market will contribute the amount of profit you would be when it is 100x or above. For instance you bought 1 bitcoin at $65k which can be consider as a dip since its below the ATH. When the price reaches $100k you will have $35k as profits so even if you choose to sell $10k or $5k you still remain bullish. Always remember the fraction you have only increases when you buy more and decreases when you sell, the price is the only thing that changes from to to time when you dont buy or sell. It remains the same if you hodl.
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Mayor of ogba
Sr. Member
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stead.builders
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April 27, 2024, 07:30:14 AM |
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Success is something that will really be that depending on how someone would really be that handling himself into his crypto investment. Actions would really be that varying depending into your views and perceptions in regarding into your crypto investment. Doesnt matter if its on Bitcoin or other altcoins.
Fuck crypto. yes it does matter if it is bitcoin or shticoins.. and so be careful if you are confusing them and convoluting the ideas in your own head, which largely likely means that you actually don't even know what bitcoin is or how it differs from shitcoins. Real, seems he is confuse. So because investment is individually based, one should allow the other to invest into a wrong project making bad investment decisions, damn. This kind of opinion often lead newbies to make bad decisions and end up regretting because of lack of proper guidance. Wether or not, one should invest in Bitcoin and get over any need to invest in shitcoins especially a newbie, focus on the main goal which is Bitcoin not putting your money into Ponzi. I don't even have a problem with guys choosing to put up to 10% of the size of their bitcoin holdings into various shitcoins, especially if they cannot resist the temptation, then if they are at least limiting themselves to 10% while they are learning .. and especially learning about bitcoin, since it would seem that if you consider something like "crypo" and you put 90% into bitcoin and 10% into some various shitcoins, then you may well also spend 90% of your time learning about bitcoin rather than shitcoins, but yeah, there are a lot of people who are neither able to maintain focus, but when they go to talk about bitcoin as compared to shitcoins, they talk in kinds of vague-er-ies (the state of being vague) that make it difficult to know what the fuck they are talking about, since even though there are some various scammers that attempt to categories and give preference to various shitcoins being less shittty than other shitcoins, in the end much of that hardly makes any sense if you really look into the matter, but the problem of guys looking into the matter, is the will frequently fail/refuse to understand bitcoin's value proposition prior to figuring out the extent to which some shitcoin might be attempting to solve any kind of actual problem rather than either being a place to print money or a way to be an affinity to bitcoin or a way to facilitate other scams, which are likely not solving any problem besides pumping and dumping.. and if you are getting into them with a belief that you are going to be on the benefitting side rather than on the side that gets dumped on or rug pulled. You are right jayjuangee, I use to tell people that if you are investing on Bitcoin don't be distracted by any altcoins or shitcoins because they will draw your attention such that before you will know it you have already invested more than that 10% of your Bitcoin holdings that you used to gamble altcoins because if you buy shitcoins and the price pumps and dumps and you lose your money you may attempt to still gamble again with part of your Bitcoin holdings on altcoins to see if you can actually recover the amount you lost initially and by so doing you keep on losing and before you realize you have extremely reduced your Bitcoin holdings. Any one who uses part of his Bitcoin holdings to buy an altcoin should just be ready to gamble with their emotions because it will look like someone who is trying to move out of his comfort zone to a place of distress. Since bitcoin is a long-term investment, it is not good to be distracted by putting 10% of our money into altcoins or shitcoins when we don't have enough reserve funds that will help us hold our bitcoin until the expected year we want to sell it. There are so many altcoins and shitcoins coming out every day just to rip people off their money, and we can't tell which altcoins or shitcoins to invest in without losing our money. The best way to be safe is to ignore altcoin and shitcoin investments. Instead of investing 10% of our money in altcoins or shitcoins, we should use that 10% money to keep a reserve fund that we will never get to touch unless there is a real emergency that comes up.
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Hypnosis00
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April 27, 2024, 02:06:13 PM Merited by JayJuanGee (1) |
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Success is something that will really be that depending on how someone would really be that handling himself into his crypto investment. Actions would really be that varying depending into your views and perceptions in regarding into your crypto investment. Doesnt matter if its on Bitcoin or other altcoins.
Fuck crypto. yes it does matter if it is bitcoin or shticoins.. and so be careful if you are confusing them and convoluting the ideas in your own head, which largely likely means that you actually don't even know what bitcoin is or how it differs from shitcoins. Yes, it is better to call Bitcoin for Bitcoin and altcoins for altcoins to be more specific rather than calling crypto as it addresses the entire crypto market. When people once hear crypto, they'll already think it is a scam investment especially for new investors not knowing that there is legit which is Bitcoin. It will not just confuse the readers but a piece of misleading information making them think that Bitcoin is just the same as altcoins (aka shitcoins) that have no value. Talking to them separately (not crypto) the better for it this will clearly be understood and put in their mind.
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JayJuanGee
Legendary
Offline
Activity: 3808
Merit: 10713
Self-Custody is a right. Say no to"Non-custodial"
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April 27, 2024, 03:51:57 PM |
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It all depends on the amount of bitcoin the person has accumulate over that interval of one year before you begin to talk about making of profit. If u do not have a sizeable amount of bitcoin in your portfolio you cannot be able to make this profit you are talking about ,especially if you are doing DCA it will take you time to accumulate a reasonable amount of bitcoin.
The method of collecting Bitcoin to get a larger amount varies from person to person, although the one we see most often now is to use DCA with a certain target time period. Because to achieve a bigger profit target, you definitely have to have a fairly large amount of Bitcoin ownership and that cannot be denied by everyone. That is why most people always pay more attention to their Bitcoin holdings portfolio than others because in Bitcoin everyone can make a profit as long as they have enough patience in collecting it and also have a fairly large amount in their own portfolio. Basically those are the investors who usually do the DCA in bitcoin to accumulate the bitcoin throughout the bear market. Those are the people who will then sell in the bull market and gain maximum return on Investments. I will not compare them with the traders who have different mind set and who will usually buy and sell multiple times to gain profits. You are still describing and even trying to worship traders as if you know how to tell the difference between a good trader and a not so good one, when the fact of the matter is that trading does not pay off for an overwhelming number of folks who even attempt it, and in bitcoin, we have had the overwhelming majority of folks profiting from establishing and following a practice that mostly errors on the side of accumulating bitcoin and holding it... not fucking around with trading and trying to believe that you are able to time tops and bottoms.. which is a bunch of bullshit where a lot of folks who try such a thing end up selling too much too soon and making a variety of other mistakes, so there is no need to be worshiping those kinds of practices and trying to act like it is some kind of practice that normies should aspire to. sometimes, one of the reasons why people try to just jump into Bitcoin investments in a time they feel the market is bearish hoping to zoom off whenever the market gets bullish is probably because they are still very new to the system and aren't ready for any long tern commitment I don't think this attitude its only for people who are new. Thesame thing is applicable to old bitcoiners. I know most people are just fucking around trading, but I don't give a dem about what they think they might be doing. It makes no difference when an old bitcoiner and new bitcoiner are doing thesame thing as buying in bearish Time and selling at bulish, it's all seams to me like trading or gambling. what really matters to me is how effective they are In Buying and HODLin Bitcoin for long term which the least or average maybe 4-10 years, and also 10-20 or 30 years at most. I am not sure whether your framework is good Pi-network314159, because there could be some questions regarding how many coins you have, so then there could be some guys who consider that they have reached a point of overaccumulation. So let's say right now by whatever calculation methods that a guy does, he has come to the conclusion that his entry level fuck you status is right around 23.7 BTC; however, in his stash he has around 40 BTC, and he also has concluded that he is going to be able to withdraw 10% or more of his BTC - because by his formula, he has already figured that the quantity of BTC that he is going to need to continue to maintain at least entry level fuck you status or higher is going to go down rather than up, so under those calculations he has way more than what he has concluded to be a necessary number of coins to maintain the fuck you status that he has defined for himself.. .. .and so he may even be able to consider that he has a lot of liberty with a certain quantity of his coins.. maybe even 10 of his coins.. so he might create some formula to sell a certain number of coins on the way up (maybe somewhere in the ballpark of 5% of his coins every time the BTC price doubles.. or maybe he picks some other interval or amount), while also realizing that he is not going to sell any more than 10 BTC, and/or he could also decide that he is going to sell a certain quantity of coins every month no matter the BTC price (except maybe he would consider if the BTC price is unreasonably low or high, he might make adjustments to his sales amount), and maybe his tentative range of monthly sales would be in the ballpark of between 0.1 BTC and 0.2BTC per month. So even combining those two BTC selling methods, he considers that either a lot of time is going to pass or the price is going to go up a lot for him to even come close to selling the 10 extra BTC that he has, and he still has more than 23.7 BTC plus he has an extra 6.3 BTC as a cushion before he even gets to the 10 that he is selling under the various formulas.. .. and even if he has set some parameters for buying back if the BTC price drops, he is not engaging in any of his conduct with expectations to buy back, but he also does not have anything against buying back some coins when the BTC price drops a certain amount that he might prescribe to be 10%, 20%, 30% or some other number lower than the price that he had sold (presuming that he had not already used some of that money in consumption purposes). In other words, I would suggest establishing a certain size stash provides more liberties in regards to how to manage your stash, once you might consider that you are no longer in BTC accumulation stages, and yeah sometimes even older bitcoiners do not get to points in which they have accumulated enough or more than enough BTC. that will see them to gaining better in the future. It's a mentality something that needs the right orientation or some sort of massive reorientation to bringing such individuals out of those short termed mindset, and I guess this kind of discussion is really helping to shape the right narrative for short sighted investors. And again, most people find it difficult to invest in Thier future in a manner that they might not necessarily see quick returns and so regardless of the prospect the future holds for long term investors, it doesn't get easy for them to shift thier mindset to focus more about accumilating for the long term.
Reorientation is good to chanel traders or short term investors focus on the right part , but the matter is how many is ready to follow the right part? If I where some orientators I wouldn't want to border myself educating people whom are not really ready to learn, because it's like pouring water in a basket. But what really matters is just to pass the information across to people who are willing to learn because not all are really ready to learn. But I believe this discussion will change the narrative of some people who maybe ready to learn, just as you said. I would suggest that a basic perception is that everyone should be in accumulation mode until they have reached a state of overaccumulation, so in that regard, you are ONLY able to sell once you have assessed your own situation as being in an overaccumulation status, so if you sell you are not selling in order to be able to buy back cheaper.. you are selling because you have already concluded that you have more than you need; however, if the BTC price ends up dropping you could use proceeds from your sales to buy back.. but you are not expecting or needing to buy back, since perhaps the amount that you sell is ONLY going to be a relatively small amount of your stash that is part of the overaccumulation amount.. since you have already assessed that you have more than enough BTC. so my brother, knowledge is key, even in this crypto space.
Hopefully you are not fucking around with shitcoins or considering that there is some kind of value in studying them prior to making sure you understand what you are doing in regards to bitcoin... anyhow talking about "crypto" makes you sound like a distracted shitcoin who does not know how to properly talk about bitcoin or to figure out your focus, because if you feel some kind of need to talk about shitcoins while we are talking about bitcoin, then there should be some kind of a context to that rather than using dumbass-vague terms to refer to bitcoin as if it were part of some shitcoin space, and you don't even say, you just lump it in as if you are trying to sound smart by saying crypto rather than bitcoin, if you might have been wanting to talk about bitcoin.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Odohu
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April 27, 2024, 04:04:35 PM |
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so my brother, knowledge is key, even in this crypto space.
Hopefully you are not fucking around with shitcoins or considering that there is some kind of value in studying them prior to making sure you understand what you are doing in regards to bitcoin... anyhow talking about "crypto" makes you sound like a distracted shitcoin who does not know how to properly talk about bitcoin or to figure out your focus, because if you feel some kind of need to talk about shitcoins while we are talking about bitcoin, then there should be some kind of a context to that rather than using dumbass-vague terms to refer to bitcoin as if it were part of some shitcoin space, and you don't even say, you just lump it in as if you are trying to sound smart by saying crypto rather than bitcoin, if you might have been wanting to talk about bitcoin. Whenever your hear about the emphasis on knowledge, look closely and you will see a supposed expert analyst who knows the perfect shitcoin to buy and the perfect entry and exit strategy but at the end, it usually end in tears. You will never hear a long term Bitcoin invest stress this knowledge of a thing because there is practically no need for that. I have noticed that most Bitcoin investor spend more energy learning about how to secure and preserve their assets, than worrying about entry point... with key interest in wallets, privacy and knowledge about latest innovations in Bitcoin.
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Hallroom
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April 27, 2024, 05:27:43 PM |
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If you hold Bitcoin intensively, you can buy Bitcoin anytime, anywhere. Many people make many types of investments, short-term placements and long-term investments, long-term investments are made by many for 10 to 15 years. So I think Bitcoin is only suitable for long term holding, and other coins are not suitable.
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7juju
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April 27, 2024, 05:33:07 PM |
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Funny enough I don't believe that anyone who holds his investment for less than 4 yours is a long term holder except on cases where the person was able to accumulate so much bitcoin in such a short amount of time and maybe was lauck to invest in a time like this(for those that started invest maybe mid last year or from last year). Holding an investment withing a duration of a year to four is no longer what we should be seen as short term investment, we can even make the expected result within the first year of investing on bitcoin if we happen to fall under the right timing that after our investment, the market continues in bullrun on a sustained range, just as we have it from now, if someone is investing now and could be able to hold till this time next year, there is high probability of making more profits over his investments because of the post halving bullrun experience. If we can maintain the investment we are running in the long term, of course this is not an easy thing for everyone to do, of course we must have a good understanding of the investment we are running and have set a profit target from the investment and will be patient in waiting for the profit. What we will get is that someone who starts investing now will of course still be able to get a profit from the investment they make because I am very sure that the price of Bitcoin will continue to increase in the next few months. Hope you understand that to see a reasonable profit in bitcoin, you should have held your bitcoin investment for at least a full circle which is usually 4 years. So anyone who is buying now hoping to see sizeable profits within few months as you are saying might get a bit disappointed, unless they are buying the way Microstrategy usually do. But if it's someone who is buying through DCA, I don't think they will see a good profit in few months as you are speculating.
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Bravut
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April 27, 2024, 06:14:05 PM |
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Funny enough I don't believe that anyone who holds his investment for less than 4 yours is a long term holder except on cases where the person was able to accumulate so much bitcoin in such a short amount of time and maybe was lauck to invest in a time like this(for those that started invest maybe mid last year or from last year). Holding an investment withing a duration of a year to four is no longer what we should be seen as short term investment, we can even make the expected result within the first year of investing on bitcoin if we happen to fall under the right timing that after our investment, the market continues in bullrun on a sustained range, just as we have it from now, if someone is investing now and could be able to hold till this time next year, there is high probability of making more profits over his investments because of the post halving bullrun experience. If we can maintain the investment we are running in the long term, of course this is not an easy thing for everyone to do, of course we must have a good understanding of the investment we are running and have set a profit target from the investment and will be patient in waiting for the profit. What we will get is that someone who starts investing now will of course still be able to get a profit from the investment they make because I am very sure that the price of Bitcoin will continue to increase in the next few months. Hope you understand that to see a reasonable profit in bitcoin, you should have held your bitcoin investment for at least a full circle which is usually 4 years. So anyone who is buying now hoping to see sizeable profits within few months as you are saying might get a bit disappointed, unless they are buying the way Microstrategy usually do. But if it's someone who is buying through DCA, I don't think they will see a good profit in few months as you are speculating. I agree with you. Not that they don't understand or see the reason but, the ability to stay discipline regardless is fvcking the process. As human you begin to hunger to purchase new things, and tendencies to spend arise most of them can't stand. Discipline and sticking to the initial plan, not being moved rather continue accumulating according to your means careless about what the market does, your only concern should be how you go about building a solid portfolio of a valuable asset like Bitcoin.
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letteredhub
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stead.builders
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April 27, 2024, 06:17:57 PM |
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It all depends on the amount of bitcoin the person has accumulate over that interval of one year before you begin to talk about making of profit. If u do not have a sizeable amount of bitcoin in your portfolio you cannot be able to make this profit you are talking about ,especially if you are doing DCA it will take you time to accumulate a reasonable amount of bitcoin.
The method of collecting Bitcoin to get a larger amount varies from person to person, although the one we see most often now is to use DCA with a certain target time period. Because to achieve a bigger profit target, you definitely have to have a fairly large amount of Bitcoin ownership and that cannot be denied by everyone. That is why most people always pay more attention to their Bitcoin holdings portfolio than others because in Bitcoin everyone can make a profit as long as they have enough patience in collecting it and also have a fairly large amount in their own portfolio. Basically those are the investors who usually do the DCA in bitcoin to accumulate the bitcoin throughout the bear market. Those are the people who will then sell in the bull market and gain maximum return on Investments. I will not compare them with the traders who have different mind set and who will usually buy and sell multiple times to gain profits. You are still describing and even trying to worship traders as if you know how to tell the difference between a good trader and a not so good one, when the fact of the matter is that trading does not pay off for an overwhelming number of folks who even attempt it, and in bitcoin, we have had the overwhelming majority of folks profiting from establishing and following a practice that mostly errors on the side of accumulating bitcoin and holding it... not fucking around with trading and trying to believe that you are able to time tops and bottoms.. which is a bunch of bullshit where a lot of folks who try such a thing end up selling too much too soon and making a variety of other mistakes, so there is no need to be worshiping those kinds of practices and trying to act like it is some kind of practice that normies should aspire to. sometimes, one of the reasons why people try to just jump into Bitcoin investments in a time they feel the market is bearish hoping to zoom off whenever the market gets bullish is probably because they are still very new to the system and aren't ready for any long tern commitment that will see them to gaining better in the future. No, I really don't think so about this statement here, I think it's totally contrary to what is happening in today's market, for the few months I have been in this crypto space, I have come to understand that almost all newbies mostly buy during bull season, they only buy when everything are ok, when the market are mostly green, and they start panicking when the market start declining, and that is why the the higher numbers of panic sellers are mostly newbies, because they don't have much belief in Bitcoin, and they mostly sell at a loss when the market start declining, they don't know that Bitcoin have what it takes to bounce back from any setback, because over the years, it has proven over and over again that it can recover it previous value, and it gets better with age, just like a fine 🍷 wine, so it's only people that have gotten a little bit of knowledge of Bitcoin and how it works, would know that the best time to buy is during the bear season, or through the DCA accumulating strategy, so my brother, knowledge is key, even in this crypto space. Yes I do agree with you @barikui1 about what you have enunciated as to why newbies sell at a loss after buying bitcoin. Within the little time left to the halving this past week I observed that the buy rush to partake in the bullrun after the halving wasn't done only by the whale buyers alone, the little fish newbies weren't exempted because that was the time they had set in wait to buy in the belief that immediately after the halving takes place in no time the bull run will start to ride in spiking the price of bitcoin but unfortunately for them the market is unpredictable and with uncertainty, and that means it could take close to a year or more or less for us to experience this very anticipated bullrun. So newbies not understanding this about the market they start panic selling due to delay which wasn't what they had expected. Experience is a powerful guide to buying and holding, but not every buyers has this experience we're talking of.
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macson
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PredX - AI-Powered Prediction Market
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April 27, 2024, 06:20:02 PM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
The phenomenon you want to discuss here is actually a normal phenomenon, just because you sell doesn't mean the price of the Bitcoin or altcoin you bought has changed, these are all normal conditions in the market and getting the best time to buy is actually very difficult, you have to use a strategy in buying or selling, the point is to prevent you from doing stupid things like selling at a loss or buying under FOMO conditions, the DCA strategy is a good one imo. If you hold Bitcoin intensively, you can buy Bitcoin anytime, anywhere. Many people make many types of investments, short-term placements and long-term investments, long-term investments are made by many for 10 to 15 years. So I think Bitcoin is only suitable for long term holding, and other coins are not suitable.
Bitcoin is also very good to use for short terms, it's just that you have to have good timing when trading, the slightest mistake will only make you lose, again as i said above, the DCA method and buy the dip is a good strategy for long term investment in bitcoin.
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Jaycoinz
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God is All
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April 27, 2024, 07:29:53 PM |
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Success is something that will really be that depending on how someone would really be that handling himself into his crypto investment. Actions would really be that varying depending into your views and perceptions in regarding into your crypto investment. Doesnt matter if its on Bitcoin or other altcoins.
Fuck crypto. yes it does matter if it is bitcoin or shticoins.. and so be careful if you are confusing them and convoluting the ideas in your own head, which largely likely means that you actually don't even know what bitcoin is or how it differs from shitcoins. Yes, it is better to call Bitcoin for Bitcoin and altcoins for altcoins to be more specific rather than calling crypto as it addresses the entire crypto market. When people once hear crypto, they'll already think it is a scam investment especially for new investors not knowing that there is legit which is Bitcoin. It will not just confuse the readers but a piece of misleading information making them think that Bitcoin is just the same as altcoins (aka shitcoins) that have no value. Talking to them separately (not crypto) the better for it this will clearly be understood and put in their mind. Many people don't really get the meaning and difference to the two word as one can be way misleading and not only that it can also result to confusion on someone who is trying to start up with the right type of coin. I aslo learned the difference in JJG teachings here and also doesn't hesitate to correct my friend who are still glued to the error inorder for them not to mislead anyhow into buying shit crypto coins instead Bitcoin. The use of the word crypto is mostly refered to the altcoins which some folks HODL which is them gambling without knowing and Bitcoin on the other hand is what is mostly being highlighted here anytime in discussion.
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rachael9385
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April 27, 2024, 08:27:23 PM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
Well, in this case whereby an investor buys a coin and the value of the coins depreciates from its value, then the investor that bought the coins sold them out of fear and in loss, I would say that it depends on the kind of person or, let me say, the kind of coins the investor bought. If you buy an altcoins you will not have a rest and your money will be ripped off because many altcoins/shitcoins are scam coins and some of them are Ponzi scheme projects. However, I feel like some people invest in altcoins because they think those coins will be able to build a better opportunity for them. Some investors without a better observation sense will think new altcoins can last long and gain value like Bitcoin, but not those coins can't stay up to the years Bitcoin stayed. Talking about the time to buy more coins, here is the time to buy Bitcoin, but come to think of it, what happened all this while? Or are you hearing about Bitcoin for the very first time? Well, it's obvious that a lot of people are hearing about Bitcoin for the first time and some of them are planning on buying the little they can afford. But we have to let them know that Bitcoin is not the type of investment one will make in only 6 months. If they are planning an investment, they should also get ready to buy and hold for the long term.
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avp2306
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April 27, 2024, 09:49:52 PM |
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Success is something that will really be that depending on how someone would really be that handling himself into his crypto investment. Actions would really be that varying depending into your views and perceptions in regarding into your crypto investment. Doesnt matter if its on Bitcoin or other altcoins.
Fuck crypto. yes it does matter if it is bitcoin or shticoins.. and so be careful if you are confusing them and convoluting the ideas in your own head, which largely likely means that you actually don't even know what bitcoin is or how it differs from shitcoins. Yes, it is better to call Bitcoin for Bitcoin and altcoins for altcoins to be more specific rather than calling crypto as it addresses the entire crypto market. When people once hear crypto, they'll already think it is a scam investment especially for new investors not knowing that there is legit which is Bitcoin. It will not just confuse the readers but a piece of misleading information making them think that Bitcoin is just the same as altcoins (aka shitcoins) that have no value. Talking to them separately (not crypto) the better for it this will clearly be understood and put in their mind. Many people don't really get the meaning and difference to the two word as one can be way misleading and not only that it can also result to confusion on someone who is trying to start up with the right type of coin. I aslo learned the difference in JJG teachings here and also doesn't hesitate to correct my friend who are still glued to the error inorder for them not to mislead anyhow into buying shit crypto coins instead Bitcoin. The use of the word crypto is mostly refered to the altcoins which some folks HODL which is them gambling without knowing and Bitcoin on the other hand is what is mostly being highlighted here anytime in discussion. Because they just follow the trend especially when someone say about hodl it since its just the same with bitcoin where the price would provably grow when many years past that's why there's a lot of people got scam because of this wrong thinking or misconceptions about everything they do on altcoins. So much really better to have separate calling and let bitcoin remain called bitcoin and altcoin is for determining those coin also token so that newbies could easily figure out what is the accurate thing to hodl. This is why newbies need to learn and don't listen to someone's opinion since to many misleading statement here and to dangerous for them if they pick those wrong information which may cost them to lost a lot of money. So we should be more careful and straightly hodl bitcoin only.
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Troytech
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April 27, 2024, 11:54:07 PM |
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Success is something that will really be that depending on how someone would really be that handling himself into his crypto investment. Actions would really be that varying depending into your views and perceptions in regarding into your crypto investment. Doesnt matter if its on Bitcoin or other altcoins.
Fuck crypto. yes it does matter if it is bitcoin or shticoins.. and so be careful if you are confusing them and convoluting the ideas in your own head, which largely likely means that you actually don't even know what bitcoin is or how it differs from shitcoins. Yes, it is better to call Bitcoin for Bitcoin and altcoins for altcoins to be more specific rather than calling crypto as it addresses the entire crypto market. When people once hear crypto, they'll already think it is a scam investment especially for new investors not knowing that there is legit which is Bitcoin. It will not just confuse the readers but a piece of misleading information making them think that Bitcoin is just the same as altcoins (aka shitcoins) that have no value. Talking to them separately (not crypto) the better for it this will clearly be understood and put in their mind. Many people don't really get the meaning and difference to the two word as one can be way misleading and not only that it can also result to confusion on someone who is trying to start up with the right type of coin. I aslo learned the difference in JJG teachings here and also doesn't hesitate to correct my friend who are still glued to the error inorder for them not to mislead anyhow into buying shit crypto coins instead Bitcoin. The use of the word crypto is mostly refered to the altcoins which some folks HODL which is them gambling without knowing and Bitcoin on the other hand is what is mostly being highlighted here anytime in discussion. Because they just follow the trend especially when someone say about hodl it since its just the same with bitcoin where the price would provably grow when many years past that's why there's a lot of people got scam because of this wrong thinking or misconceptions about everything they do on altcoins. So much really better to have separate calling and let bitcoin remain called bitcoin and altcoin is for determining those coin also token so that newbies could easily figure out what is the accurate thing to hodl. This is why newbies need to learn and don't listen to someone's opinion since to many misleading statement here and to dangerous for them if they pick those wrong information which may cost them to lost a lot of money. So we should be more careful and straightly hodl bitcoin only. Holding shitcoins is a slippery slope and should consider a gamble rather than an investment for so many reasons which one of them would be the fact that shitcoins are a ponzi scheme to distract people from accumulating bitcoin. Gone are the times of think that investing in bitcoin requires large funds or some kind of rocket science, its even easier to interact with bitcoin than most shitcoins or other projects, to invest in bitcoin even as a total newbie is possible with the DCA strategy which involves only buying bitcoin on a regular interval and this is good because as a newbie you won't get into panic from price fluctuations cause it protects you from volatility, you would also have to worry less about icing the market or when its best to buy bitcoin.
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Berry2d
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April 28, 2024, 12:33:25 AM |
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If you hold Bitcoin intensively, you can buy Bitcoin anytime, anywhere. Many people make many types of investments, short-term placements and long-term investments, long-term investments are made by many for 10 to 15 years. So I think Bitcoin is only suitable for long term holding, and other coins are not suitable.
Bitcoin is also very good to use for short terms, it's just that you have to have good timing when trading, the slightest mistake will only make you lose, again as i said above, the DCA method and buy the dip is a good strategy for long term investment in bitcoin. Bitcoin is not good for Trading, trading with bitcoin is just like gambling. I have not seen a person that made fortune from trading. I detest the word trading because when I was doing trading I constantly gain less and loss more often than win. Instead of getting a good profit in return I always lose. When I buy when the market is bearish, it tend to remain constant without making any move to become green but imidiately I sell, the market tend to be green like I was the one that made the market stood still . After having several issues on trading I have decided not to trade anymore. I have started accumulating bitcoin gradually despite it is small, but its better than to trade or invest in some sort of shitcoin that wouldn't profit me in anyway. But accumulating gradually like $5 *4 weeks =$20 then $20 *12months = $240. Then multiply by how many years I intend investing, it will be way better than trading at lost or shitcoin investment.
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