Kliss
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 224
Merit: 27
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 23, 2024, 12:12:26 PM Merited by JayJuanGee (1) |
|
I don't think anyone will be overwhelmed if that person has made a profit through his own investment using any method, especially if what he invested was Bitcoin. Because in terms of investment, it is necessary to reduce the level of consistency so that every investor can be more willing to buy in any condition without worrying about anything if the goal itself is for the long term. I am quite sure that currently there are many investors who like Bitcoin because they have seen evidence that Bitcoin is a very good investment asset so it should not be sold carelessly in unfavorable conditions when we already have it. But there are also those who do this and maybe they don't realize that Bitcoin is the best at the moment.
My assumption, which makes them do it sometimes can't stand to see cheap prices in other coins and usually it's not an old player. I personally better be patient for a while waiting for further market action and it also happens to be today in many places for example in my country in the moment of holidays so naturally there is a small part may sell some for vacation purposes. perhaps. Yes. true. there is no doubt that BTC is the best investment at the moment and the most in demand. It seems you guys tend to get it wrong about your opinion, Why will an investor reduce the level of consistency in their bitcoin investment when bitcoin is beneficial, bringing gains and having future potentials. Bitcoin is always open for any one who understands it and willing to invest why will someone say investors should reduce their consistency level in bitcoin investment. In bitcoin investment being patient and waiting for price to drop or market to dip is waste of time because the price might not come to what suits your desired price. Being patient and waiting for the price to drop is not the best strategy in Bitcoin investment. It's better to acquire Bitcoin through the Dollar Cost Averaging (DCA) strategy. This approach allows you to gradually invest in Bitcoin over time without waiting for a specific price dip. It helps spread out your investment and reduces the impact of market volatility. DCA is a smart way to enter the market steadily without trying to time the market.
|
|
|
|
Bravut
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 210
Merit: 42
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 23, 2024, 12:23:29 PM |
|
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 best time to buy coin is during dip, because we can have a huge coin because it is still cheap and affordable, the problem is most of the newbie investors didn't want to buy when the price is cheap maybe because they are afraid that after they buy it will continue to fall or there are some reason, emotions, money as capital, etc., that is why many people always have a regret when it come to investing. It's true, when we want to buy, we have to wait for the right time or wait until the price drops to become very cheap. Because so far the price of Bitcoin is still not at its lowest price and the price shows a constant increase in price. When prices are high like now, it will be very dangerous to buy because it will cause us to get trapped at high prices. You're getting something wrong mate. There is no perfect time for investing be it in Bitcoin or any other asset, waiting for the drop is simply an illusion for me from your view, because you will still want to wait again. If you wanna invest you make plans, and follow up it a long term view not a short term view because I know that the reason you said get trapped in price. Bitcoin have move from one price range to the other so far, of which price kept correcting each range, waiting won't and is never a approach to investing. The price you are fantasizing to wait for, and you bought from can be corrected, yeah we can't control the market. What would you do, what if price just surge and never return to your level. In essence if we view Bitcoin as an asset, holding not just it but having the understanding that we have an Asset will drive us more. That why DCAing is good to solve issues like yours, whereby opportunity is given to buy at every market situation and counter trade others you view as running in losses. Our Bitcoin is intact, the value of dollar relative to it is what causes your misinterpretation,what if we begin to see Bitcoin value in our local currencies I think most of us will see how far the value is. Those who think have more time to think, just like those who wait for good things while doers have time to keep doing and achieving the result.
|
|
|
|
JayJuanGee
Legendary
Online
Activity: 3822
Merit: 10729
Self-Custody is a right. Say no to"Non-custodial"
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 23, 2024, 06:07:27 PM |
|
.......there is no doubt that BTC is the best investment at the moment and the most in demand.
That is a weird way of saying it... When you use the expression "at the moment," it is like you are recognizing (or emphasizing) temporary pump and dump opportunities in bitcoin, and surely we can never really know "at the moment" kinds of considerations, even in regards to bitcoin.. which the opposite seems to be part of the rational that anyone taking a 4-10 year or longer investment timeline will not necessarily be focusing on bitcoin in regards to "at the moment" kind of investment considerations when getting into bitcoin or when adding any more BTC to his/her current BTC stash. It is also not easy for any newbie to merely consider bitcoin as an "at the moment" kind of an investment, since it could take 4-10 years or more just to build the size of the BTC investment, unless the person actually has abilities to front load his/her bitcoin investment, which truly an overwhelming majority of folks are more able to invest into bitcoin and/or anything else in incremental kinds of ways rather than having a bunch of value hanging around that they can put into bitcoin... so yeah, in essence, at the moment seems more like a trading kind of a consideration rather than the way an investor would think about bitcoin. Waiting is not an investment strategy, especially with bitcoin.
Good luck if you believe that waiting is a good investment strategy, you are likely going to need it, since you may well end up regretting that you had failed/refused to prepare yourself for UP.. and you were too busy preparing for down that did not end up happening as much as you had expected it to happen. It probably sucks to be you, especially since you seem to not to recognize the importance in accumulating BTC.
What you say is very true, if we continue to wait until prices fall before investing, it is very likely that we will miss the opportunity that is in front of us and we will really regret this when other people have taken advantage of what they invested. I don't mind waiting as an approach for someone who might have had already bought a decent chunk of BTC, so then they are already prepared for UP... So maybe someone is brand new to bitcoin within the last 2-3 months when this thread started. So if such a hypothetical person were to have had come to bitcoin, and quickly evaluated his financial/psychological circumstances, and considered that he has around $3k income per month, about $2,200 per month in expenses, and about $6k saved up that he could invest into bitcoin, and maybe he had decided to invest $3k or more of his saved up amount into bitcoin and he decided to buy $100 worth of bitcoin per week, so then he still has that $3k and he is not sure if should put more of it into bitcoin or not, since he is already buying $100 per week.. and yeah, even right now if he has the $6k and he invests half of it right away, then maybe the other half is considered waiting money.. but still whether or not he employs the practice of buying $100 per week is up to him, but at least he put some value into bitcoin and he is not merely employing waiting as a strategy. Sure, some guys may come to bitcoin and may have even more precarious financial/psychological circumstances in which they have debt or they have not really figured out their disposable income because it varies every month, and they might not even have much if any savings, float, emergency fund, reserves and so they may well need to start in bitcoin more slowly and conservatively, yet even having some complicated financial/psychological circumstances would not necessarily justify that they wait rather than getting started in regards to buying some bitcoin and figuring out their financial/psychological details as they go. If we wait for the price to fall before investing, of course this means we have to be able to buy it in large quantities and this will also be very difficult if we don't have funds that we can use to invest.
Well, yeah, for the guy who is waiting rather than getting started right away, there might be a bit of an assumption that allowing the dollars to build up is a better way forward rather than putting some value into bitcoin right away.. so yeah if someone has really messed up finances and psychology, waiting may well be their idea of the better approach, which I still am not going to presume that folks are not able to figure out how to put $10 into bitcoin and to perhaps figure out some way to minimally invest while they are working out their details rather than presuming that their allowing cash to build up is the better move. Sure, it is true that once the money goes into bitcoin, then it is better to consider that money to be locked away for 4-10 years or longer, so in that sense, there is a need to make sure that whatever is put into bitcoin is not going to be needed for 4-10 years or longer, but even with that kind of a consideration, I believe that waiting is not a good way to frame the matter... but yeah, position size may well have to be really small during those initial weeks and/or months well such a presumptively unorganized person is getting his/her financial/psychological matters in better order while beginning the earliest of stages in regards to how to invest into bitcoin. For some people who really understand Bitcoin investment, of course they will continue to try to collect as much as possible to get a profit when the price goes up and if we don't prepare ourselves of course we can only see the success that other people get and we don't get any profit.
I doubt that there is any need to get overly focused on profits for one or two cycles or more depending upon how much a person might be able to start to invest, and yeah, I don't have a lot of sympathy for folks who are coming into bitcoin and treating it as a trade of less than at least a whole cycle rather than treating it as an investment of 4-10 years or longer. When it comes to investment, we must choose Bitcoin because it is still on top of the list of the highest crypto investments in the world. Although no one guarantees its price growth, it is relatively stable which is one of the reasons for its investment attractiveness. Many new investors may be disappointed with their investments due to the dumping trend in Bitcoin price but they should buy more during this period. The dips price may not last long so buying bitcoins at this time will make you much more profitable in the future.
Agree with your choice, Bitcoin is very suitable for long-term investment and of course Bitcoin has high interest who will always provide support for Bitcoin by buying Bitcoin whatever the price offered on the exchange. Keep increasing the Bitcoin we have for future investment. Never put all your assets in any type of altcoin because it can endanger the trading capital you use. People don't say "I want a bitcoin'', people say i want bitcoins because they are worth X number of dollars. It's a storage, the objective or the main idea has always been "let's use this to get real money or how can i get rich with that." You have a strange way of expressing yourself STINKYBEE in regards to the various possible perspectives that guys might have in terms of wanting to get into bitcoin. Surely people are going to have all kinds of perspectives in regards to bitcoin and some of those perspectives might be good and solid and others not very well informed, including the fact that bitcoin is so damned immature that is still is quite likely that less than 1% of the world's population owns any bitcoin, and even the ones who own bitcoin may well not really know what they own, or what is the reason to get into bitcoin beyond its number go up technology. There is "shiny ball syndrome" on all other cryptos. When people just need to put the focus on buying bitcoin. Pretty soon one will able to buy 1 bitcoin and people will be asking "how many sats do you have"
For sure, I agree with the idea of not getting distracted into shitcoins, and to figure out bitcoin first, even though surely shitcoins are not going to be going away any time soon, and there are likely going to continue to be a large number of folks who continue to be distracted into various shitcoins or even distracted into failing/refusing to holding their own bitcoin rather than the various "conveniences" of holding bitcoin on third parties - which truly is mostly just price exposure and perhaps less valuable in terms of recognizing, appreciating and not getting distracted away from bitcoin's true value in regards to self-sovereignty and being able to hold your own keys. Surely, even some of the more experienced bitcoiner may well be getting somewhat frustrated by some of the various attacks on self-custodial wallets and various kind of privacy preserving ways of transacting and/or holding coins. So the answers are not always clear and/or straight-forward, even if we might be referring to ongoing number going up technology and why bitcoin prices might be continuing to go up.. including that surely there is ONGOING recent demand for bitcoin that is coming through spot BTC ETF products that do not complement the self-sovereignty and/or self custodial (or even privacy) qualities of bitcoin, yet those recent products are opening a lot of doors to folks (or even institutions and governments) who previously had more limitations in the ways that they would be able to get bitcoin price exposure. The goal first off should be long termed while the approach should be to consistently buying your BTC at a rate that's convenient with you such that you can do it for the long run without it having any negative impact on your financial life.
It is likely worthy of emphasis that bitcoin is bought through discretionary income that is most likely going to be measured in dollars (or other local fiat) for an overwhelming majority of persons, so the figuring out of how many bitcoin to buy or even how much in profits the BTC might should likely not even be any kind of central concern for 4-10 years or longer, unless of course, a person had been able to front-load his investment into bitcoin. So, yeah, there is nothing wrong with keeping track of how your bitcoin investment is doing, and it may or may not even be profitable in the beginning years, and surely there is no guarantee that it is even going to be profitable in the longer term either (the 4-10 years or longer period), but at the same time a calculated risk is being embarked upon in which there should be consideration that the most that can be lost is 100% of the investment, while at the same time there are a large number of scenarios in which the investment into bitcoin may well be quite profitable and even quite profitable compared to other places that a person would be able to put his/her value, time and energies.. so the asymmetric upside potential of bitcoin remains a calculated consideration and each person has to figure out his/her own level of investment into it with extra money that they have available and that they could otherwise be spending that money on other things (other than bitcoin), and so choices are made that may or may not end up paying off, and so the choices are not always comfortable - even for folks who have been invested for a long time in bitcoin, even though surely it likely feels better to have your bitcoin investment to be in profits rather than not.. .. but there also needs to be some consideration that being in profits should not be something that is presumed as if if were guaranteed (by the way @Marvelockg, I am not presuming that you are engaging in any presumptions that bitcoin is guaranteed).
|
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
|
|
|
milewilda
Legendary
Offline
Activity: 3220
Merit: 1146
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 23, 2024, 09:38:13 PM |
|
I don't think anyone will be overwhelmed if that person has made a profit through his own investment using any method, especially if what he invested was Bitcoin. Because in terms of investment, it is necessary to reduce the level of consistency so that every investor can be more willing to buy in any condition without worrying about anything if the goal itself is for the long term. I am quite sure that currently there are many investors who like Bitcoin because they have seen evidence that Bitcoin is a very good investment asset so it should not be sold carelessly in unfavorable conditions when we already have it. But there are also those who do this and maybe they don't realize that Bitcoin is the best at the moment.
My assumption, which makes them do it sometimes can't stand to see cheap prices in other coins and usually it's not an old player. I personally better be patient for a while waiting for further market action and it also happens to be today in many places for example in my country in the moment of holidays so naturally there is a small part may sell some for vacation purposes. perhaps. Yes. true. there is no doubt that BTC is the best investment at the moment and the most in demand. It seems you guys tend to get it wrong about your opinion, Why will an investor reduce the level of consistency in their bitcoin investment when bitcoin is beneficial, bringing gains and having future potentials. Bitcoin is always open for any one who understands it and willing to invest why will someone say investors should reduce their consistency level in bitcoin investment. In bitcoin investment being patient and waiting for price to drop or market to dip is waste of time because the price might not come to what suits your desired price. Being patient and waiting for the price to drop is not the best strategy in Bitcoin investment. It's better to acquire Bitcoin through the Dollar Cost Averaging (DCA) strategy. This approach allows you to gradually invest in Bitcoin over time without waiting for a specific price dip. It helps spread out your investment and reduces the impact of market volatility. DCA is a smart way to enter the market steadily without trying to time the market. Totally contradictory or simply he had been just that not noticed up with those words? When it comes to investment then consistency is one of the factors that you would really be needing if we do speak about success. This isnt something that giving out that assurance but at least you do know that you are on the right place. The main key on here is that you should really be that investing on the amount on which you can afford to lose on which this has been always the main principle on the moment that you will be making an investment on which proper planning and risks management. Buying up opportunities and selling out will be something the main routine. If you have decided to go for long term then it would really be that just a personal choice which it isnt really that bad either. DCA is something that will really be recommended but since not all would really be having that deep pockets and this is why they would really be waiting up for the right timing. Lucky if you do able to scoop out on the bottom but there are ones who would really be missing out such opportunity just because of that too much waiting. It would really be that situation if we do speak about those opportunities that come and go. On the moment that you do see those chances on buying or selling then better grab it while you can.
|
|
|
|
Marvelockg
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2024, 01:15:15 PM Merited by JayJuanGee (1) |
|
The main key on here is that you should really be that investing on the amount on which you can afford to lose on which this has been always the main principle on the moment that you will be making an investment on which proper planning and risks management.
when you're talking about proper planning and risk management, it's not to suggest that you're investing with an amount you're able to loose but deals with being calculative enough to make provision for a portion that's going to allow you continue holding your asset without getting tempted to sell half way. The phrase what you can afford to loose is a gambling phrase that is mostly used to tell gamblers not to go too extreme with the amount they use in gambling. For Bitcoin, for as much as we know, we've not seen it as an asset that can ever go to zero as much as we have seen it grow and so it's somehow improper to use such phrase in this kind of scenario. DCA is something that will really be recommended but since not all would really be having that deep pockets and this is why they would really be waiting up for the right timing. Lucky if you do able to scoop out on the bottom but there are ones who would really be missing out such opportunity just because of that too much waiting. It would really be that situation if we do speak about those opportunities that come and go. On the moment that you do see those chances on buying or selling then better grab it while you can.
if you are able to buy when it's at the DIP, it's certainly a good thing and will certainly help you alot in building a good portfolio at a fast pace but overly depending on DIPs as the best moment to buy might make you wait too long before ever buying at all. If we looked at the past one month and let's say we are doing a weekly DCA of $100 per week, what's the best DIP price you would most likely want to buy during each week? You will notice that it's been all around $60k to $70k and regardless of the price you buy an $100 worth of bitcon within that range of price, it wouldn't even make much difference if you bought at $60k or $70k. even though surely it likely feels better to have your bitcoin investment to be in profits rather than not.. .. but there also needs to be some consideration that being in profits should not be something that is presumed as if if were guaranteed (by the way @Marvelockg, I am not presuming that you are engaging in any presumptions that bitcoin is guaranteed).
yeah, I know that while it's at the core of every bitcoins holders mind to be in profit, we can't factor out certain momentary downtime that may occure or presume that profit are 💯 guaranteed. Realistically, Bitcoin hasn't stayed that long, at least from the moment it really gota reasonable value to become too certain of it's worth in the next 20 to 50 years time but based on past record and it current level of adoption and prospect, it's the bases for speculating to be in profit if one continues HODLing his Bitcoin.
|
|
|
|
Nazmul012
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2024, 10:42:23 PM |
|
I have experienced that situation. There's no problem if your coin pump after sell cause that time you will be still in profit but if it dumper after buy, it makes the situation awkward. And I found that, most of the time the coin get dumped rather than pump. Crypto pump randomly when its time of bull season. Right now Bitcoin is very expensive. But i think there's no problem in buying Bitcoin along with good altcoins if you want. If you dont buy, how could you profit then? And in my opinion, crypto will be more expensive soon cause bull season is yet to start
|
|
|
|
enwi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2024, 11:36:29 PM |
|
I have experienced that situation. There's no problem if your coin pump after sell cause that time you will be still in profit but if it dumper after buy, it makes the situation awkward. And I found that, most of the time the coin get dumped rather than pump. Crypto pump randomly when its time of bull season. Right now Bitcoin is very expensive. But i think there's no problem in buying Bitcoin along with good altcoins if you want. If you dont buy, how could you profit then? And in my opinion, crypto will be more expensive soon cause bull season is yet to start
When we decide to trade, we should be able to use money that really won't be used too much in the near or long term. So we can interpret that the money is free to use for trading. That way, when you are trapped at a high price, it will not make it difficult for you to make a decision to sell or stay put. What is clear is that as long as we buy Bitcoin, we must still believe that the price will soar very high because we know that Bitcoin has a very limited supply while demand is very high, so this is what will make the price of Bitcoin always rise.
|
|
|
|
laijsica
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 182
Merit: 136
PredX - AI-Powered Prediction Market
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 25, 2024, 09:11:32 AM |
|
I have experienced that situation. There's no problem if your coin pump after sell cause that time you will be still in profit but if it dumper after buy, it makes the situation awkward. And I found that, most of the time the coin get dumped rather than pump. Crypto pump randomly when its time of bull season. Right now Bitcoin is very expensive. But i think there's no problem in buying Bitcoin along with good altcoins if you want. If you dont buy, how could you profit then? And in my opinion, crypto will be more expensive soon cause bull season is yet to start
BTC is a trusted cryptocurrency and certainly worth investing in today with so much popularity and investment over time. Matching or investment advice with other shitcoins is not correct. There will be volatility in the market and it is advisable to consider trading in the meantime especially in BTC. You said yourself that most coins are dumping but you can check the BTC market chart. BTC is more prone to pumping than dumping. However you can focus more on managing DCA during dumping period as this strategy will give you the opportunity to deposit BTC monthly or weekly regardless of your income which can strengthen your profit target for the future. This strategy is particularly suitable for long-term investments that maintain a consistent accumulation habit. Reduces even higher value buying. For the long term horizon it is recommended that you keep a floating cash arrangement as you may need emergency funds at any time and your extra cash can help you at that time. he advantage of having float money in case of emergency is that there is no disruption in the investment. You can easily extend your investment and holding for a longer period of time.
|
|
|
|
Furious 7
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 25, 2024, 01:42:46 PM |
|
Waiting is not an investment strategy, especially with bitcoin.
Good luck if you believe that waiting is a good investment strategy, you are likely going to need it, since you may well end up regretting that you had failed/refused to prepare yourself for UP.. and you were too busy preparing for down that did not end up happening as much as you had expected it to happen. It probably sucks to be you, especially since you seem to not to recognize the importance in accumulating BTC.
What you say is very true, if we continue to wait until prices fall before investing, it is very likely that we will miss the opportunity that is in front of us and we will really regret this when other people have taken advantage of what they invested. Everything depends on your initial strategy because however for the accumulation of bitcoin in the portopolio that we have there are several strategies that can be done including waiting until bitcoin is considered to be at the desired price and actually I think that is not a problem because in the end besides DCA until now there are still some people who always rely on the buy dip strategy where it is still good enough to do. Although indeed in this case the weakness is that we have to keep waiting and can be left behind when we are wrong in making observations that make us left behind when the bullrun but not a few people do that. However, buying like this is still worth it so I think when you do something like this it can still be justified but indeed if you want to find a strategy that is more worth it then indeed DCA can be done only in this case your consistency and determination must be strong if you really want to do DCA.
|
| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
|
|
|
Pi-network314159
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 322
Merit: 249
[btc] or nothing more 📈💹 up we go
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 25, 2024, 02:30:16 PM Last edit: May 25, 2024, 02:48:20 PM by Pi-network314159 Merited by JayJuanGee (1) |
|
When you say that, I only imagine one coin, namely Bitcoin, because so far everyone has seen that investing in Bitcoin in the long term is always more likely to win after the price of Bitcoin increases again and this has been proven in several market cycle. And I think investors who still like to invest in Bitcoin in all market conditions, of course they will not be so easy to let go of their investment and they will even prefer to wait for the price to increase again even though they have seen the price of the Bitcoin they invested in decrease.
Yes. They are already able to read it because all the cycles and patterns are already in their heads. This is the difference between beginners and advanced ones. is not a comparison, just an illustration where in fact, if we have a little asset in BTC, we will immediately sell and make it into an alternative coin, which is actually when we rotate instead of increasing the value of the previous asset, it increases its value and what happens is that it continues to fall, especially BTC increases the correction time downwards. This is retarding/dumb and Short sighted, first I will address the fact that there is no alternative coin to Bitcoin, Bitcoin is still the best coin and has no alternative because no other coins has proven to have the same functionality with Bitcoin rather Bitcoin performance is what determines the performance of other coins, and selling your Bitcoin investment to buy other coins is short sighted, failing and refusing to see the true potential and value Bitcoin has, Bitcoin has more guarantee and less risky when compared to other coins, I could say that you should pay more attention and learn more about Bitcoin and you can as come to this reputable thread where knowledge about Bitcoin are been shared extensively so you can learn more buy the dip and hodl When it comes to investment, we must choose Bitcoin because it is still on top of the list of the highest crypto investments in the world. Although no one guarantees its price growth, it is relatively stable which is one of the reasons for its investment attractiveness I guess what you mean is volatile instead of being " relatively stable" because bitcoin can not be relatively stable and also be volitille at same time. What makes bitcoin attractive to the world is it volatile nature. And that is the reason why it has attracted many investors. When next you are making an explanation try as much as possible to check what you are saying otherwise you will be saying another thing while having another meaning making it look contraditting and a little bit problematic. I have experienced that situation. There's no problem if your coin pump after sell cause that time you will be still in profit but if it dumper after buy, it makes the situation awkward. And I found that, most of the time the coin get dumped rather than pump. Crypto pump randomly when its time of bull season. Right now Bitcoin is very expensive. But i think there's no problem in buying Bitcoin along with good altcoins if you want. If you dont buy, how could you profit then? And in my opinion, crypto will be more expensive soon cause bull season is yet to start
BTC is a trusted cryptocurrency and certainly worth investing in today with so much popularity and investment over time. Matching or investment advice with other shitcoins is not correct. I think it's time you should start to consider using the word bitcoin instead of mixing up things or making it complicated by always using the word "cryptocurrency" as per the real discussion here is all about bitcoin and not cryptocurrency, because that word is generalising bouch of shitcoin or not directly referring to bitcoin. There will be volatility in the market and it is advisable to consider trading in the meantime especially in BTC. You said yourself that most coins are dumping but you can check the BTC market chart. BTC is more prone to pumping than dumping.
Dere you go again @laijsica bitcoin is always a volatile asset and not will be. When saying there will be volatility in the market meaning that bitcoin or the market has never been volatile. And you are still reffering to trading of bitcoin rather investing. If I where you I would start investing and stop fucking around shitcoins.
|
|
|
|
tengui
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 544
Merit: 10
#SWGT PRE-SALE IS LIVE
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2024, 09:29:26 AM |
|
Things like this are normal because no one can predict the crypto market perfectly. Selling at the highest price is everyone's goal, but this can also make you lose the best momentum to sell. I have experienced this, I waited for the price to continue to rise in the hope of being able to sell at the highest price, but what happened after that was that the price fell. Profit is the main goal of investment, but you should not be greedy.
|
|
|
|
Hamza2424
Legendary
Offline
Activity: 1078
Merit: 1087
🇵🇰 Pakistan
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2024, 09:34:29 AM |
|
I doubt that your numbers for traders versus investors are correct with any level of precision (in other words you are making up numbers to make your claims sound good, even if your numbers might have some truth to them), yet even if we agree that a lot of people treat bitcoin as a trade rather than as an investment, I doubt that it is a good idea to promote such dumbness as if it is a good thing to do, especially since many of us already recognize and appreciate that bitcoin remains amongst the best, if not the best investment available to anyone on a world-wide basis, so if you happen to know that kind of information, then why would it be a good idea to encourage trading it (or gambling with it, rather than more sound practices), merely because potentially a lot of folks are doing that. Pretty weak logic there Hamza2424.
Hmm Yup, the number is random and based on my assumptions to put some weight in the Observation, so can say that logic is pretty much weak what I wanted to portray is that most people do invest their money for the long run but after experiencing the market pressure in bear run they use to get out in sense of saving profit and such people can't be considered as long term investors or even investor they'll fall in the category of traders because they cant hold patience on the profit and future potential. So they sort of compromise on saving profits as traders do. __SNIP__
For the rest, JJG, I would say people are greedy, they love to gamble in blind trade with Bitcoin on someone's suggestion or listening from someone that he made a lot of money from Bitcoin they don't look into the depth, they just jump in, and such people when they are in profit cant resist their greed level and its natural if you are in 50% to 80% in profit on your investment and your only motive is to make fast money you'll book and get out of it. people are rare and have a strong investment mindset. Haha, anyway this is the quote that has been pending for a long time, I've got some time today and made my comment on it.
|
|
|
|
Rabata
|
I don't think anyone will be overwhelmed if that person has made a profit through his own investment using any method, especially if what he invested was Bitcoin. Because in terms of investment, it is necessary to reduce the level of consistency so that every investor can be more willing to buy in any condition without worrying about anything if the goal itself is for the long term. I am quite sure that currently there are many investors who like Bitcoin because they have seen evidence that Bitcoin is a very good investment asset so it should not be sold carelessly in unfavorable conditions when we already have it. But there are also those who do this and maybe they don't realize that Bitcoin is the best at the moment.
My assumption, which makes them do it sometimes can't stand to see cheap prices in other coins and usually it's not an old player. I personally better be patient for a while waiting for further market action and it also happens to be today in many places for example in my country in the moment of holidays so naturally there is a small part may sell some for vacation purposes. perhaps. Yes. true. there is no doubt that BTC is the best investment at the moment and the most in demand. It seems you guys tend to get it wrong about your opinion, Why will an investor reduce the level of consistency in their bitcoin investment when bitcoin is beneficial, bringing gains and having future potentials. Bitcoin is always open for any one who understands it and willing to invest why will someone say investors should reduce their consistency level in bitcoin investment. In bitcoin investment being patient and waiting for price to drop or market to dip is waste of time because the price might not come to what suits your desired price. Being patient and waiting for the price to drop is not the best strategy in Bitcoin investment. It's better to acquire Bitcoin through the Dollar Cost Averaging (DCA) strategy. This approach allows you to gradually invest in Bitcoin over time without waiting for a specific price dip. It helps spread out your investment and reduces the impact of market volatility. DCA is a smart way to enter the market steadily without trying to time the market. There are many instances of people who tried to buy from the bitcoin dip but instead dip, the price rose to such a point that they lost their ability to buy and those individuals still regret not being able to invest. Bitcoin is an asset that cannot be compared to any other crypto. Whether poor or rich financial condition is good or bad everyone should take a good decision from his position. If anyone with low or high income continues to accumulate bitcoins by doing DCA then they will definitely be able to reach their goal. There are many investors who ignore DCA but how much DCA can help an investor in the long term is easily estimated during bullish periods.
|
| | . Duelbits | │ | | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | ██████████████████████████████████████████████████████ . PLAY NOW . ██████████████████████████████████████████████████████ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | |
|
|
|
AnonBitCoiner
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2024, 11:27:51 AM |
|
Things like this are normal because no one can predict the crypto market perfectly. Selling at the highest price is everyone's goal, but this can also make you lose the best momentum to sell. I have experienced this, I waited for the price to continue to rise in the hope of being able to sell at the highest price, but what happened after that was that the price fell. Profit is the main goal of investment, but you should not be greedy.
The main thing which everyone wants is to take profit and sell their coin at a higher cost but most of the time people leave their coin when the price goes higher because they don't want to sell at that price and wish the market to pump some more. But after a few months they realised that the market is going down instead of pumping then they start to regret missing the chance. It is a better way to enjoy your profit if you are happy with your profit when you see that in future the market is pumping more because you have not sold it as profit instead of losing any amount. Be satisfied with what you have and don't look towards the profit of others because everyone has different goals, thoughts, invested amounts, buying and selling costs.
|
▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
|
|
|
I_Anime
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2024, 12:57:35 PM |
|
I have experienced that situation. There's no problem if your coin pump after sell cause that time you will be still in profit but if it dumper after buy, it makes the situation awkward. And I found that, most of the time the coin get dumped rather than pump. Crypto pump randomly when its time of bull season. Right now Bitcoin is very expensive. But i think there's no problem in buying Bitcoin along with good altcoins if you want. If you dont buy, how could you profit then? And in my opinion, crypto will be more expensive soon cause bull season is yet to start
One don't need to invest in some shitcoins to get some good profits, because most time the shitcoins may endup moving in an opposite direction (dumping) so instead profiting the individual will only endup making losses , so we have to be careful on how we use our hard earn funds when it comes to investment. And investing in Bitcoin only one can Also make some good profit from despite being expensive and all that , that's the reason we have DCA strategy to buy different quantities of Bitcoin, in a fixed time either weekly or monthly. Though it may take time as an average Man to build a good Bitcoin stash , but at the end it all worth it . Because Bitcoin is a coin with the potential of growth, though there's no guarantees but still worth risking it (investing in Bitcoin), than risking your cash in some risky shitcoins.
|
|
|
|
Tahid12
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 433
Merit: 13
#SWGT PRE-SALE IS LIVE
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2024, 11:44:27 PM |
|
Honestly the best time is when market crash after end of bull run till another bull run start. Like from 20118 to 2019, Then 2022 to 2023. And there are many periods when market get dumped or get dip. If you keep checking the Market, you'll understand. But if you do have anything then you may buy this time. Although market seems complex and excepting for dump so that i could buy more. But Market isn't dumping anymore lol.
|
|
|
|
JayJuanGee
Legendary
Online
Activity: 3822
Merit: 10729
Self-Custody is a right. Say no to"Non-custodial"
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2024, 03:01:49 AM Last edit: May 27, 2024, 11:22:36 AM by JayJuanGee |
|
The main key on here is that you should really be that investing on the amount on which you can afford to lose on which this has been always the main principle on the moment that you will be making an investment on which proper planning and risks management.
when you're talking about proper planning and risk management, it's not to suggest that you're investing with an amount you're able to loose but deals with being calculative enough to make provision for a portion that's going to allow you continue holding your asset without getting tempted to sell half way. The phrase what you can afford to loose is a gambling phrase that is mostly used to tell gamblers not to go too extreme with the amount they use in gambling. For Bitcoin, for as much as we know, we've not seen it as an asset that can ever go to zero as much as we have seen it grow and so it's somehow improper to use such phrase in this kind of scenario. I consider the idea/suggestion of investing no more than you can afford to lose to also apply to investing.. not just trading and/or gambling and maybe it applies more with volatile assets like bitcoin, even though the reality is that there is no sure investment - even though some investments are more volatile and/or risky than others. And, sure are characterizing bitcoin as something that is more of a stable investment - and surely that seems to increasingly be the situation with bitcoin, even though there continues to be risk with bitcoin, including but not limited to the risk of it going to zero. even though surely it likely feels better to have your bitcoin investment to be in profits rather than not.. .. but there also needs to be some consideration that being in profits should not be something that is presumed as if if were guaranteed (by the way @Marvelockg, I am not presuming that you are engaging in any presumptions that bitcoin is guaranteed).
yeah, I know that while it's at the core of every bitcoins holders mind to be in profit, we can't factor out certain momentary downtime that may occure or presume that profit are 💯 guaranteed. Realistically, Bitcoin hasn't stayed that long, at least from the moment it really gota reasonable value to become too certain of it's worth in the next 20 to 50 years time but based on past record and it current level of adoption and prospect, it's the bases for speculating to be in profit if one continues HODLing his Bitcoin. Sure, we are likely going to be in profits if we hold and continue to buy bitcoin, but it could still take 2-3 years or even longer to really get our bitcoin holdings into such a place, and there might even be some guys that might take either more than a whole cycle to get into profits and even otherwise to get some decent bitcoin holdings, and sometimes based on their own cashflow situation, they might actually have to buy more bitcoin at higher prices rather than lower prices if they had been able to buy more bitcoin earlier. So their average price per BTC might be higher than other folks, but the main thing would be that they continue to accumulate BTC without being so worried about their average price per BTC (even though they also keep track of their average price per BTC, too). I doubt that your numbers for traders versus investors are correct with any level of precision (in other words you are making up numbers to make your claims sound good, even if your numbers might have some truth to them), yet even if we agree that a lot of people treat bitcoin as a trade rather than as an investment, I doubt that it is a good idea to promote such dumbness as if it is a good thing to do, especially since many of us already recognize and appreciate that bitcoin remains amongst the best, if not the best investment available to anyone on a world-wide basis, so if you happen to know that kind of information, then why would it be a good idea to encourage trading it (or gambling with it, rather than more sound practices), merely because potentially a lot of folks are doing that. Pretty weak logic there Hamza2424.
Hmm Yup, the number is random and based on my assumptions to put some weight in the Observation, so can say that logic is pretty much weak what I wanted to portray is that most people do invest their money for the long run but after experiencing the market pressure in bear run they use to get out in sense of saving profit and such people can't be considered as long term investors or even investor they'll fall in the category of traders because they cant hold patience on the profit and future potential. So they sort of compromise on saving profits as traders do. Ok. We can acknowledge that a lot of folks might come to something like bitcoin or anything else without really having any kind of a long term plan and even if they have a long term plan, they end up not having conviction about it in such a way as to stick with it, but so what. The mere fact that a lot of people are like that does not mean that they should not be approaching bitcoin with a 4-10 year or longer timeline for their investment.. .. so then if they come to bitcoin from that perspective from the start, then maybe they would make their investment in such a way that they would be able to stick with it.. perhaps investing 10% of their income or figuring out what is their disposable income and investing 50% of their disposable income or some kind of a investment approach that is long term sustainable. The mere fact that most people do not do that and most people have a gambling mindset with gambling tendencies, that does not mean that they cannot (or should not) be striving to create stronger systems that are long-term in order that they would be able to stick with whatever system that they create, such as even a bitcoin accumulation plan that might mostly involve DCA, but also might allow for buying on dips and lump sum buying. __SNIP__
For the rest, JJG, I would say people are greedy, they love to gamble in blind trade with Bitcoin on someone's suggestion or listening from someone that he made a lot of money from Bitcoin they don't look into the depth, they just jump in, and such people when they are in profit cant resist their greed level and its natural if you are in 50% to 80% in profit on your investment and your only motive is to make fast money you'll book and get out of it. people are rare and have a strong investment mindset. Haha, anyway this is the quote that has been pending for a long time, I've got some time today and made my comment on it. It still sounds to me like a BIG SO WHAT? Yes people are greedy and inclined to gamble and short-term thinkers, but it still does not mean that we should just follow the path that most people do.. so your observation about the way people are seems like lazy thinking in terms of your own attempts to figure out what you might want to do in terms of your own approach to investing and/or your own approach to bitcoin. Hopefully you figure it out sooner rather than later, in order to create a longer term investment time frame for your self that does not cause you to engage in the same kinds of ineffective things that many (and sure perhaps most) people tend to do. Things like this are normal because no one can predict the crypto market perfectly. Selling at the highest price is everyone's goal, but this can also make you lose the best momentum to sell. I have experienced this, I waited for the price to continue to rise in the hope of being able to sell at the highest price, but what happened after that was that the price fell. Profit is the main goal of investment, but you should not be greedy.
If you are considering long term investment and store of value, then you are not necessarily immediately concerned about profits, even though sure it is nice to have profits in the long run, but profits would not necessarily be a central motivating force, but instead perhaps wanting your asset to largely either hold value or slightly go up in value as compared to other places that you could put such value, and if you are not quite sure where to put your value, then you would place it in multiple things besides having it all in one place, and surely not necessarily referring to shitcoins, even though some folks will make those kinds of choices, but instead other kinds of assets classes as compared to bitcoin (or to offset bitcoin) might be things like stocks, bonds, properties, commodities and cash/cash equivalents.
|
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
|
|
|
Bravut
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 210
Merit: 42
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2024, 02:09:47 PM |
|
Things like this are normal because no one can predict the crypto market perfectly. Selling at the highest price is everyone's goal, but this can also make you lose the best momentum to sell. I have experienced this, I waited for the price to continue to rise in the hope of being able to sell at the highest price, but what happened after that was that the price fell. Profit is the main goal of investment, but you should not be greedy.
The main thing which everyone wants is to take profit and sell their coin at a higher cost but most of the time people leave their coin when the price goes higher because they don't want to sell at that price and wish the market to pump some more. But after a few months they realised that the market is going down instead of pumping then they start to regret missing the chance. It is a better way to enjoy your profit if you are happy with your profit when you see that in future the market is pumping more because you have not sold it as profit instead of losing any amount. Be satisfied with what you have and don't look towards the profit of others because everyone has different goals, thoughts, invested amounts, buying and selling costs. Yeah, our endpoint is profit but only those without plan, target will get caught in this analogy of yours especially those who were present for immediate profit (gambling Bitcoin prices). Every financial market has time or seasons, let me say something have we considered why; Price sells from a particular point and why it buys from a point too, who were those involved, who bought at that higher price, who sold at that price, this are simple question we ought to clearify. I always and will keep laying emphasis on the need for having a target and being discipline, DCAing with getting exhausted and allow the market do it thing and not being fretful because of pump or dumps in the market.
|
|
|
|
sotelorene
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Online
Activity: 322
Merit: 56
Eloncoin.org - Mars, here we come!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2024, 07:39:56 PM |
|
If someone buy a coin at a certain rate and after which the coin drops, that's shouldn't bother you though it depends on the coin you bought cause if it is a shit or memecoin then it is something to be worry about because most of those coin whenever they drop they don't appreciate easily and most will never appreciate again but if it is Bitcoin you invest in there's nothing to worry about cause even if it drops it will definitely appreciate. However, when buying shit or memecoin you ought to be very careful before you dive into it cause it can be annoying at times and sometimes sweet when your analysis is being done correctly.
|
|
|
|
tiCeR
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2024, 08:54:07 PM Merited by JayJuanGee (1) |
|
The main key on here is that you should really be that investing on the amount on which you can afford to lose on which this has been always the main principle on the moment that you will be making an investment on which proper planning and risks management.
when you're talking about proper planning and risk management, it's not to suggest that you're investing with an amount you're able to loose but deals with being calculative enough to make provision for a portion that's going to allow you continue holding your asset without getting tempted to sell half way. The phrase what you can afford to loose is a gambling phrase that is mostly used to tell gamblers not to go too extreme with the amount they use in gambling. For Bitcoin, for as much as we know, we've not seen it as an asset that can ever go to zero as much as we have seen it grow and so it's somehow improper to use such phrase in this kind of scenario. I consider the idea/suggestion of investing no more than you can afford to lose to also apply to investing.. not just trading and/or gambling and maybe it applies more with volatile assets like bitcoin, even though the reality is that there is no sure investment - even though some investments are more volatile and/or risky than others. And, sure are characterizing bitcoin as something that is more of a stable investment - and surely that seems to increasingly be the situation with bitcoin, even though there continues to be risk with bitcoin, including but not limited to the risk of it going to zero. But I think pretty much the only threat that could drive bitcoin to zero is when there is some technological mess or advancement that makes bitcoin redundant or useless because there is something better than it. Otherwise I understand there can be unforeseen developments, but what else could there be in the near future with a similar or stronger security architecture and predictability? A fixed mathematical schedule for emission and the security through redundancy in the nodes globally distributed and holding the data, it seems to me that there can't be much that is better overall. The solution to the SPOF problematic is so unique that I don't see how this could be done with a higher level of security. The biggest problem still are the fees at times for people who do it right and want to manage their own wallets instead of buying it and leaving it on an exchange or as some derivative from some corporation dealing with bitcoin (ETFs for instance). For small investors it is still a hassle, but I doubt that the fee problem will be solved to a degree in the near future where people with small budgets can reliably follow a DCA plan. Then again I doubt that there will never be a solution. There is also lots of dilution from many of the shit coins. Bitcoin represents about half of the total crypto market cap, but their hope is to hit the so called bitcoin killer. But I get that smaller investors would like to get into the market, but then realize that their $100 DCA investment every two weeks is sometimes stuck because it costs $20 to get the money off the exchange. A simple layer is required that may not offer the same level of security, but still allows small investors to move their bitcoin. The lightning network still sounds too complicated for the vast majority to be used, it scares them away and I get the point. By now you have all these gamified apps that allow you to trade everything and since it is simple, they tend to prefer those apps and trade there. And sometimes I think the mystic around Nakamoto can be interesting to some investors on the one hand, but scary to others on the other hand as they fear there could be some ill intentions on behalf of the founder, like it comes to light that some rogue state brought bitcoin to life and does hold the majority of the coins. It's not that I am afraid of it, but it could be an explanation for some people to stay away since they rather have a figure they can see and assess. Take Elon Musk as an example or Steve Jobs: whether you like them or not, but those who do feel more comfortable when they actually can see what someone is doing and how they are behaving.
After all, bitcoin is a very different investment compared to owning shares in a company that has a cashflow and a financial report. The good thing is there is no blowing up of bitcoin because someone faked financial data, like there was with some big financial corporations or any of the accounting scandals. It is all mathematical and hence the happenings within the network are clearly predictable (I mean the hard data, not things like price manipulation). In a corporation you can't tell what someone might do next, It is an aspect I like a lot about bitcoin and that is why I am confident it won't go to zero as it will still have value for various groups of people. Value preservation, highest mobility of any asset in the world and autarchy if someone does it correctly.
|
|
|
|
|