Road to 100k?

[sotelorene]

With the sudden fall of Bitcoin price at this early stage of this very month of August, do we even have to see something new as in terms of getting a new price? From $69k back down to $50k as the current price, the market price was a bit strong in heading towards the $70k which was the resistance for the better part of 2-3 months ago now we have been trying to see it get to that amount or even get past it but nothing relatively positive has happened to meet up to that amount and now we have it at $50k which is not in anyway trying to go up, who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?

No need to complain whether be it a new investor or an experienced investor, bitcoin investment is all about staying patient. It's better to view every moment that presents itself in our  bitcoin investment as an opportunity to grow our investments for more and higher profits because bitcoin always was come through despite its decline in price. Experienced investors can apply their knowledge during price drop to accumulate more Bitcoin at low price because its better to purchase bitcoin when the price is down in other to capitalise on the potential profit when the price rises again.  In moment when there is a sudden decline its important to engage in critical thinking, by seizing market fluctuation opportunities that is present and having the faith or the belief of more profit when the the price goes up.

The question is are you having that patience you talked about as an investor? Many are very afraid of losing even if it's a pin, you don't expect everyone to be cold blooded when it comes to funds to start an investment with, some goes as far as to borrow just to meet up and be part of those who invest in Bitcoin. Fine the market price gives us every clear moves it takes but we don't know when it will drop or increases and we have to accept it the way it is and wait for the positive outcome but is never easy in anyway.
Buying when we have the price dropping is not a bad idea and if you check some of what Mr double JG said, he said something about how he managed his own Bitcoin investment during 2015. It is indeed an opportunity but what happens when it keeps going down to let's say $43-$45k? After buying at $53k you discover that you have nothing close to gaining and you know Bitcoin doesn't just goes up like that, it takes time and that's where the fear comes in to make many start selling, to me it has to do with how calm you are when you're being pressured.

The fact that we are not certain about Bitcoin shouldn't make us have the feeling that Bitcoin will Dip and never rise again, before now we all already know  that Bitcoin is volatile  and one thing I want us to know is that, the volatility of Bitcoin doesn't know or have limit that is why anything is possible it can get to $100k and above today and it can also go below $30k today so we shouldn't be dismayed. What makes people great is being positive at all time and seeing beyond what is happening around.

Apparently it's not only newbies investors that does that, most times even veterans investors feels that fear in them when their is a strong dip in the market and in their wallet, they were having like $10k and it has drop to like 6k to 7k, sometimes, they will most feel that fear, but what will mostly makes them to hold on is the believe and trust they have in Bitcoin, some might panic and still hold on, some might not panic at all, but the majority of those people that sold in panic are those newbies investors, not that they don't know that Bitcoin can still rally back, but because they were monitoring their holdings too much like trades and every news about Bitcoin, without considering the fact that their are more negativity news by haters about Bitcoin than positive ones out there.

So in essence is that the major thing that will make an investor to scale through in the rainy days and hold very strong just as this present dip is when he or she believes in Bitcoin, and it potential in the nearest future, without entertaining what is actually happening now in today's market.

You are actually making sense but I didn't say it's only newbie that feel scared or biased when the market movement is not good or favorable and even if old investor will be biased or scared it won't be like that of a newbie because I don't think if there's anything they haven't seen in the market before I mean they have had that experience several time that is why you would barely see an old investor panic but some newbie always panic not necessary because they lack knowledge but because they don't have experience.

However, an investor is not suppose to be monitoring his/her investment because you can be tempted to touch your investment when you are not suppose to..., Believing in Bitcoin and it's potential lies on experience, how you will believe on something you haven't experienced before and that is still the reason why some persons are panicking but I will urge everyone to have patient and continue investing only then can they have their experience.

[EclipseXcrypto]

With the sudden fall of Bitcoin price at this early stage of this very month of August, do we even have to see something new as in terms of getting a new price? From $69k back down to $50k as the current price, the market price was a bit strong in heading towards the $70k which was the resistance for the better part of 2-3 months ago now we have been trying to see it get to that amount or even get past it but nothing relatively positive has happened to meet up to that amount and now we have it at $50k which is not in anyway trying to go up, who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?

No need to complain whether be it a new investor or an experienced investor, bitcoin investment is all about staying patient. It's better to view every moment that presents itself in our  bitcoin investment as an opportunity to grow our investments for more and higher profits because bitcoin always was come through despite its decline in price. Experienced investors can apply their knowledge during price drop to accumulate more Bitcoin at low price because its better to purchase bitcoin when the price is down in other to capitalise on the potential profit when the price rises again.  In moment when there is a sudden decline its important to engage in critical thinking, by seizing market fluctuation opportunities that is present and having the faith or the belief of more profit when the the price goes up.

The question is are you having that patience you talked about as an investor? Many are very afraid of losing even if it's a pin, you don't expect everyone to be cold blooded when it comes to funds to start an investment with,

Yes of course, before investing in Bitcoin I have to accept the fact that patience is part of my investment journey. Patience is  a virtue especially when it come to investing in volatile asset like bitcoin, people need to understand the facts that bitcoin is  volatile meaning the price can fluctuate significantly leading to constant price changes ( downward & upwards). Investors have to be financially prepared for downward trends because scenario like that are meant to occur in our investment journey.

some goes as far as to borrow just to meet up and be part of those who invest in Bitcoin.

Borrowing to invest in Bitcoin is not advisable since it is a long-term investment that requires patience and consistency. It's crucial to engage in Bitcoin investment with a long-term mindset and with amount of our comfort and  we can afford to loose, Avoid taking unnecessary risks, especially borrowing funds to invest volatile asset like bitcoin that is unpredictable.

but what happens when it keeps going down to let's say $43-$45k? After buying at $53k you discover that you have nothing close to gaining and you know Bitcoin doesn't just goes up like that, it takes time and that's where the fear comes in to make many start selling, to me it has to do with how calm you are when you're being pressured.

If you are not a trader then you have nothing to worry about, you have to be patient and make the most out of the situation by keeping up to your accumulation by buying more Bitcoin at lower price. There are downturns that has occurred in previous cycles of which bitcoin has experienced decline in price but Bitcoin has shown resilience in different market cycles, experiencing decline and  followed by significant growth. Even if you bought bitcoin at $53k and the price drops to $43-$45k it is important you trust in the long-term potential of Bitcoin. History has proven that Bitcoin has bounced back from market downturns and continued to show strong growth.

[Promocodeudo]

You are right, The current market downturn may not be balanced for now but it's actually a good time to accumulate more at a cheaper price and let's not forget that Bitcoin has a history shows of fluctuating. Let's keep our fingers crossed and not panic, perhaps we will see a rebound soon And our patience will pay off.

Patience must always be increased in market conditions like today as well as continuing to increase our own capital in order to continue buying Bitcoin at the current price level of $60K. Because we can all always learn from past history where Bitcoin has always been able to recover after a price drop and now the opportunity has returned to everyone who wants to own Bitcoin and buy it at a lower price than the end of last month. And I am still quite optimistic that Bitcoin can still turn to a higher level even though at the beginning of this month its movement has started to be a little sluggish even though it can provide an opportunity for everyone to re-enter the market and buy more Bitcoin.

Yea, many people do not understand this fact you stated here, sometimes I feel that that most investors that call themselves long-term investors are short-term observers in the real sense, personal I only expect beginners to feel uncomfortable once the market is in dip reason being that they are new in the said investment, the patience you mentioned must be maintained by a bitcoiners for them to remain relevant and continue doing the needful, sometimes when i see people complain about bitcoin dip i wonder if those persons weren't aware of fluctuation, for me I think it is common even with Bitcoin, the traditional concept of bitcoin is volatility and this volatility allows investors to buy more of the asset once the price dips and favour them when it pump, this happens sideways at any given time unexpectedly.
With your ideas I strongly know that you are a true bitcoiner, as of today the opportunity is still there despite a bit appreciation in the price, I think retailers are allowing institutions to grab this opportunity to buy more and with the clock ticking, we may wake up to see the unexpected coming to reality.

[Frankolala]

We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

Yes we saw after usa goverment approved EFT of Bitcoin and before Bitcoin halving Bitcoin price huge incresed. And within short time Bitcoin price hited $73k, which was ATH ( All time high) of Bitcoin history.We know that few month ago Bitcoin price was very low. I was bought bitcoin when bitcoin price was $34k. And after then Bitcoin price increased to $73k. Which was 2x+ from my buying point. Now Bitcoin price $57k i think it will up and down $50k to $70k in this year.

And i stronhly beleive first quaert (Q1-2025) Bitcoin price will hit $100. I think halving effect will stay till 2025. And within 2025 we will see bull run session which will stay for long time. So we have to wait for what will happen.

It is not good to wait till the price of bitcoin hits $100k because no one knows when that will happen but we know that it will surely happen. If you have not accumulated enough bitcoin, it is better that you continue buying with DCA to keep on building your bitcoin investment, so that you will benefit from bitcoin as you wait and hodli your bitcoin for long.

Some new investors are often worried about the price of bitcoin, instead of them to worry more about the size of their bitcoin portfolio on how to increase it overtime with their regular buying and thinking of various means to see how they can increase their income and their discretionary income which they are using to invest in bitcoin to enable them buy more than what they were buying.

[Justbillywitt]

On my own perspective, wether newbies investors or not, it all boils down to the person in question, how much confidence and trust do they have in Bitcoin, because I have seen it on several occasions where veterans investors sell at a loss in panic, due to some dip in the market that was really hard for them to comprehend, ok let's look at this present dip in the market, do you think it's all knowledgeable and veterans investors that still keeps to their holdings? No.

Most investors including newbies investors or veterans that has all the required knowledge still panic, anytime their is a very strong dip in the market, and sincerely speaking, in my own opinion, it's because of we most times focus too much on the speculations on Bitcoin and what people with negative mindset about Bitcoin have to say, so in essence of what am trying to say is that, if you truly believe in Bitcoin, and knows what you are doing and it potential in the future, you wouldn't even pay attention to anything negative people have to say about Bitcoin, and such negativity is what makes people to panic  and start selling in a loss.

So the best way to go about it is that, as long as you are a long term holder, is to continue your accumulation through the DCA accumulating strategy and ignore all what negative people have to say about Bitcoin, regardless of whether their is a dip or not.

People will panic because they lack knowledge. I dont think anyone following this thread for months would ever panic to sell their Bitcoin. Remember when investing in Bitcoin we understand that the price does not stay in a fixed position in real time it could be higher or lower than the current price. People who DCA would sit at their house without any emotional instability because they will not panic as long as they are holding it for years. The essence of having Bitcoin knowledge is important in times like this when the price starts going down. So that we won't make such a mistake or tamper with our investment, one time tampering with our investment could destroy everything we have built so far. This is the time to sit tight and take your mind off what is happening now and place it on what will happen soon or in the future.

There is no way there will be a sudden dip like the one that happen few days back that people won't panic, even if it's just for a moment. It is in human nature to react when something happens unexpectedly that doesn't mean that those people lack knowledge or proper understanding of how bitcoin works. People could panic because they don't know what could be causing the sudden dip in the market. But the moment they have gotten information about what's causing the sudden dip, you will see them regain their confidence, though not all investors. That's where you differentiate between newbies and old investors. What is bad is panic selling under such circumstances. That's where the knowledge comes in, those that are knowledgeable won't sell neither will they think about it. But those who are new to the system and lack knowledge will be the ones to panic sell.

[Btcdeybodi]

No one should lose patience with Bitcoin investing. Be sure to sit back and relax by investing in Bitcoin. Moreover I believe so much that those who invest in Bitcoin and who are genuine investors will never lose patience and definitely go ahead and prepare themselves for more purchases. Real investors always think of increasing their investment. Maybe there are some new investors who invest and create volatility among themselves when the market goes down a bit. But to all those new investors who invest and feel uneasy when the market falls, I would like to say to those investors, hold on to your investment, you can't control yourself in this dumping market, if you can hold on tight. Better days are ahead will come, then get a good return. Although the market is currently a bit dumping, I expect the market to regain its momentum soon and reach the peak price by 2024, but I would say to those who have invested, go ahead and invest.

Crypto prices are currently falling because they are influenced by the Global Stock Market which also crashed starting 3 weeks ago along with the tension in the Middle East.
And when the global stock market starts to improve + the political tension in the Middle East starts to decline, then fears of recession in this year will also disappear = BTC prices will rise and hopefully we can see a new ATH at the end of this year.

I think we should focus more on bitcoin rather that using the word "crypto" that often seems like putting bitcoin in the same league as the numerous shitcoins in the market. The price of most of those shitcoins are not governed by real market indices as you could notice that even when the market sentiment is good, someone of them dump miserably due to manipulation by few individuals such as their founders. So if we keep the discussion around bitcoin, it will help a lot in avoiding distraction and inaccurate analysis.  

By the way, bitcoin have demonstrated once again that it is a good performer among the various asset classes that were impacted by the weak economic disposition that lead to the drop on price. While other assets such as gold are struggling to find support, bitcoin have seen a growth of over 6% from yesterday. This is impressive and I feel sorry for those who doubted bitcoin and panicked.

We have no interest in how cryptocurrency are performing in the market as our interest is targeted towards Bitcoin as that is the asset that we are concerned about and not some shitcoins that has no head nor tail so we should be specific about bitcoin and not include any altcoins in Bitcoin related issues however, who ever that is still afraid of Bitcoin now is either someone who is under a spell not to make progressive decisions about their financial freedom in bitcoin. I came across several people lamenting on social media about the DIP that Bitcoin had and some non Bitcoin analyst started predicting the starting of their doom and not Bitcoin because we have seen Bitcoin undergo corrections of this nature in the past and within some intervals of time the price came back to normalcy and further skyrockets. Why should we be afraid again if the price of Bitcoin is DIPPING when it grants us an opportunity to buy at a DIP price so instead of to panic why not they acquire more Bitcoins and grow their portfolios.

[Agbamoni]

but what happens when it keeps going down to let's say $43-$45k? After buying at $53k you discover that you have nothing close to gaining and you know Bitcoin doesn't just goes up like that, it takes time and that's where the fear comes in to make many start selling, to me it has to do with how calm you are when you're being pressured.

Of course, each of us should be financially and psychologically prepared for potential downside scenarios, including going down to the 200WMA or even below, even though surely we already had a pretty decent dip to $49.6k-ish, so it seems a bit overly pessimistic (or chart oriented) to be fucking around worrying about such downside scenarios, and hopefully your worrying about such downside scenarios is not contributing to your failure/refusal to make sure that you are sufficiently/adequately prepared for UP - especially for any newbies who might have had ONLY been buying bitcoin for less than a full cycle and even moreso for newbies who are not in a position to front load their BTC investment, it seems that those kinds of newbies just need to be buying regularly (hopefully weekly) without having any thoughts about whether the BTC price is going up or down and including perhaps making sure other aspects of their cashflow management is either in a good place or continuing to build good cashflow management systems.

Also, each person needs to consider the extent to which there might be any value to holding any kind of extra value for buying on dips rather than just buying right away and on a weekly basis with whatever level of discretionary income that they consider to be a sufficiently adequate amount. 

I really get your point but can you blame those newbies?  If someone doesn't have the mentality of being prepared financially and otherwise then what do you expect, is like waiting for a train at the sea port, no plan of getting ready if something went wrong. I don't really blame the newbies because they only have one goal which is get your money in and expect to be rice the next day, the ones who find it a little bit easy are the ones who took their time to understand that it goes two ways either you lose or gain and these set of people are the knowledge seekers, they try to know more before getting involved, I'll say understanding and management are one of the keys to success when it comes to Bitcoin investment and you can as well include patience which to me is one of the hardest, just like we have Bitcoin dropping you'd see many losing it.

As a newbie, it is important to adhere to the basic principles of Bitcoin investment, any investor who is ignorant of it is to be blamed for their own loss because at the end of the day, everyone would take responsibility for their actions. There are things that a newbie cannot bypass, and they are necessary. The idea of quick riches is what leads them to quick failure. However, at the baby step, they are to understand that successful investment requires basic knowledge, patience, risk management, and a longevity period of investment. The newbies who take gradual step to educate themselves along the line and adopt to long term approach are more likely to go through the challenges in the market without being affected. 

[Taskford]

No one should lose patience with Bitcoin investing. Be sure to sit back and relax by investing in Bitcoin. Moreover I believe so much that those who invest in Bitcoin and who are genuine investors will never lose patience and definitely go ahead and prepare themselves for more purchases. Real investors always think of increasing their investment. Maybe there are some new investors who invest and create volatility among themselves when the market goes down a bit. But to all those new investors who invest and feel uneasy when the market falls, I would like to say to those investors, hold on to your investment, you can't control yourself in this dumping market, if you can hold on tight. Better days are ahead will come, then get a good return. Although the market is currently a bit dumping, I expect the market to regain its momentum soon and reach the peak price by 2024, but I would say to those who have invested, go ahead and invest.

Crypto prices are currently falling because they are influenced by the Global Stock Market which also crashed starting 3 weeks ago along with the tension in the Middle East.
And when the global stock market starts to improve + the political tension in the Middle East starts to decline, then fears of recession in this year will also disappear = BTC prices will rise and hopefully we can see a new ATH at the end of this year.

I think we should focus more on bitcoin rather that using the word "crypto" that often seems like putting bitcoin in the same league as the numerous shitcoins in the market. The price of most of those shitcoins are not governed by real market indices as you could notice that even when the market sentiment is good, someone of them dump miserably due to manipulation by few individuals such as their founders. So if we keep the discussion around bitcoin, it will help a lot in avoiding distraction and inaccurate analysis.  

By the way, bitcoin have demonstrated once again that it is a good performer among the various asset classes that were impacted by the weak economic disposition that lead to the drop on price. While other assets such as gold are struggling to find support, bitcoin have seen a growth of over 6% from yesterday. This is impressive and I feel sorry for those who doubted bitcoin and panicked.

We have no interest in how cryptocurrency are performing in the market as our interest is targeted towards Bitcoin as that is the asset that we are concerned about and not some shitcoins that has no head nor tail so we should be specific about bitcoin and not include any altcoins in Bitcoin related issues however, who ever that is still afraid of Bitcoin now is either someone who is under a spell not to make progressive decisions about their financial freedom in bitcoin. I came across several people lamenting on social media about the DIP that Bitcoin had and some non Bitcoin analyst started predicting the starting of their doom and not Bitcoin because we have seen Bitcoin undergo corrections of this nature in the past and within some intervals of time the price came back to normalcy and further skyrockets. Why should we be afraid again if the price of Bitcoin is DIPPING when it grants us an opportunity to buy at a DIP price so instead of to panic why not they acquire more Bitcoins and grow their portfolios.

Only those people who have huge investment in shitcoins would provably worried on the situation on how those tokens perform in current market dump happening lately. If they just maximize their investment in bitcoin for sure shitcoin dumps will be less of their concern.

But don't get surprised about those people still afraid about bitcoin since its normal that there are new people don't know how to handle well their emotion. But for sure if they stay for long and consistent with their invest provably that they know how to deal with it and be calm if there's dumping issues will occur on the market. Crazy that there's wanna be analyst in social media spreading made up information and try to discourage people towards their analysis released. Some may afraid because they follow those psycho but for those who have knowledge and experience for sure they will never give a damn to listen on those hoax. This dip show some good opportunity and those recovery happening indicates that those who spread fud on bitcoin is wrong that's why instead of reading more crazy stories online much really better to focus on good discussions so that we can maximize our investments and there's nothing else will bother us.

[Samlucky O]

some goes as far as to borrow just to meet up and be part of those who invest in Bitcoin.

Borrowing to invest in Bitcoin is not advisable since it is a long-term investment that requires patience and consistency. It's crucial to engage in Bitcoin investment with a long-term mindset and with amount of our comfort and  we can afford to loose, Avoid taking unnecessary risks, especially borrowing funds to invest volatile asset like bitcoin that is unpredictable.

Though I may not be a trader and this thread is not about trading but we can not deny the fact that some people do trade. And they may go extra mile to take loan and invest in bitcoin but I don't think if such loan can be used for a longer time investment rather a short time investment. For  example during the earliest part of the week when bitcoin was dip by % -20, a short term trader that took loan may have made profit from the dip in price and withdraw it's profit, but I see that as a way of getting into trap. Please am not in anyway trying to sudgest or encourage trading, but just letting you know that we can not deny that loan is not profitable in bitcoin investment to some people, but it is more advisable to invest from our discretion than loan. and moreover a long term plan is more better because those little profit generated from trading is the reason many people are trapped into trading.

[Barikui1]

some goes as far as to borrow just to meet up and be part of those who invest in Bitcoin.

Borrowing to invest in Bitcoin is not advisable since it is a long-term investment that requires patience and consistency. It's crucial to engage in Bitcoin investment with a long-term mindset and with amount of our comfort and  we can afford to loose, Avoid taking unnecessary risks, especially borrowing funds to invest volatile asset like bitcoin that is unpredictable.

Though I may not be a trader and this thread is not about trading but we can not deny the fact that some people do trade. And they may go extra mile to take loan and invest in bitcoin but I don't think if such loan can be used for a longer time investment rather a short time investment. For  example during the earliest part of the week when bitcoin was dip by % -20, a short term trader that took loan may have made profit from the dip in price and withdraw it's profit, but I see that as a way of getting into trap. Please am not in anyway trying to sudgest or encourage trading, but just letting you know that we can not deny that loan is not profitable in bitcoin investment to some people, but it is more advisable to invest from our discretion than loan. and moreover a long term plan is more better because those little profit generated from trading is the reason many people are trapped into trading.

Brother, sincerely speaking, it's very sad and pathetic that in this present day and time people are lacking knowledge to the extent of taking loan to invest in Bitcoin or trade, because by doing so, it puts you under unnecessary pressure, ok I want to ask, what if as he bought Bitcoin with the loan money and Bitcoin fell to 20k? and we all knows that loan money has a duration we are definitely going to pay back .

So when that time comes, if Bitcoin price haven't recovered, what is he going to do? Is he not going to sell  at a loss?

This is one of the most stupid and risky decisions and investors can ever make, by investing in Bitcoin with a borrowed money, when we all knows that Bitcoin investment is more favourable to a long time holders, and using a borrowed money is mainly for short term purpose, but as long as Bitcoin investment is concerned, or even trading, using a borrowed money is absolutely a disaster, even though it's a short term purpose,  so in essence of what am trying to say is that, anybody think of such unwise decisions should think twice first before making such move.

[wmaurik]

As a newbie, it is important to adhere to the basic principles of Bitcoin investment, any investor who is ignorant of it is to be blamed for their own loss because at the end of the day, everyone would take responsibility for their actions. There are things that a newbie cannot bypass, and they are necessary. The idea of quick riches is what leads them to quick failure. However, at the baby step, they are to understand that successful investment requires basic knowledge, patience, risk management, and a longevity period of investment. The newbies who take gradual step to educate themselves along the line and adopt to long term approach are more likely to go through the challenges in the market without being affected. 

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

[arwin100]

some goes as far as to borrow just to meet up and be part of those who invest in Bitcoin.

Borrowing to invest in Bitcoin is not advisable since it is a long-term investment that requires patience and consistency. It's crucial to engage in Bitcoin investment with a long-term mindset and with amount of our comfort and  we can afford to loose, Avoid taking unnecessary risks, especially borrowing funds to invest volatile asset like bitcoin that is unpredictable.

Though I may not be a trader and this thread is not about trading but we can not deny the fact that some people do trade. And they may go extra mile to take loan and invest in bitcoin but I don't think if such loan can be used for a longer time investment rather a short time investment. For  example during the earliest part of the week when bitcoin was dip by % -20, a short term trader that took loan may have made profit from the dip in price and withdraw it's profit, but I see that as a way of getting into trap. Please am not in anyway trying to sudgest or encourage trading, but just letting you know that we can not deny that loan is not profitable in bitcoin investment to some people, but it is more advisable to invest from our discretion than loan. and moreover a long term plan is more better because those little profit generated from trading is the reason many people are trapped into trading.

I don't really take taking a loan is good action to do by people especially if they are looking after to get possible profits in trading or even in their bitcoin investment. Since its like you are giving to much pressure to yourself and drowning for those possible interest asked by the lenders. Imagine if they didn't meet their expectation and suddenly they lose from whatever activities they done for sure next to that is they will be in miserable situation especially if they came to the point that they can't pay their borrowed amount anymore. So take always proper precaution on doing risky decisions on your investment and just use the money which is already in your possession so that there will be no other issues will bother to people who want to invest with bitcoin and they could just focus on how to grow their investment and think other think on how they can maximize or improve their strategy used to make everything goes according to their plans..

[EclipseXcrypto]

On my own perspective, wether newbies investors or not, it all boils down to the person in question, how much confidence and trust do they have in Bitcoin, because I have seen it on several occasions where veterans investors sell at a loss in panic, due to some dip in the market that was really hard for them to comprehend, ok let's look at this present dip in the market, do you think it's all knowledgeable and veterans investors that still keeps to their holdings? No.

Most investors including newbies investors or veterans that has all the required knowledge still panic, anytime their is a very strong dip in the market, and sincerely speaking, in my own opinion, it's because of we most times focus too much on the speculations on Bitcoin and what people with negative mindset about Bitcoin have to say, so in essence of what am trying to say is that, if you truly believe in Bitcoin, and knows what you are doing and it potential in the future, you wouldn't even pay attention to anything negative people have to say about Bitcoin, and such negativity is what makes people to panic  and start selling in a loss.

So the best way to go about it is that, as long as you are a long term holder, is to continue your accumulation through the DCA accumulating strategy and ignore all what negative people have to say about Bitcoin, regardless of whether their is a dip or not.

People will panic because they lack knowledge. I dont think anyone following this thread for months would ever panic to sell their Bitcoin. Remember when investing in Bitcoin we understand that the price does not stay in a fixed position in real time it could be higher or lower than the current price. People who DCA would sit at their house without any emotional instability because they will not panic as long as they are holding it for years. The essence of having Bitcoin knowledge is important in times like this when the price starts going down. So that we won't make such a mistake or tamper with our investment, one time tampering with our investment could destroy everything we have built so far. This is the time to sit tight and take your mind off what is happening now and place it on what will happen soon or in the future.

There is no way there will be a sudden dip like the one that happen few days back that people won't panic, even if it's just for a moment. It is in human nature to react when something happens unexpectedly that doesn't mean that those people lack knowledge or proper understanding of how bitcoin works. People could panic because they don't know what could be causing the sudden dip in the market. But the moment they have gotten information about what's causing the sudden dip, you will see them regain their confidence, though not all investors. That's where you differentiate between newbies and old investors. What is bad is panic selling under such circumstances. That's where the knowledge comes in, those that are knowledgeable won't sell neither will they think about it. But those who are new to the system and lack knowledge will be the ones to panic sell.

Our mindset should always be prepared for the unexpected to happen due of the volatile nature of bitcoin the unexpected is inevitable. When certain scenario occur we should take it in good faith because its part of the system, but if we are having a long-term investment plan we should envision the bigger picture ahead.  No matter how it might DIP  there is always a recovery process and growth potentials.

As a newbie faced with with such circumstance research should be done and also think critically because there are previous cycle which has experienced similar market circumstances but their are those who where able to hold onto their coins, they never panicked and sold off their holding rather they took advantage presented by the market to buy and hold and their are also those who panic and sold but regretted for wrong decision due to their Emotions,  knowledge can be drawn from certain situations to manage your investment appropriately.   Bitcoin investment is not just to buy bitcoin alone but information and knowledge should also be acquired to guide through different circumstances of the market.

[Odohu]

Though I may not be this thread is not about trading but we can not deny the fact that some people do trade. And they may go extra mile to take loan and invest in bitcoin but I don't think if such loan can be used for a longer time investment rather a short time investment. For  example during the earliest part of the week when bitcoin was dip by % -20, a short term trader that took loan may have made profit from the dip in price and withdraw it's profit, but I see that as a way of getting into trap. Please am not in anyway trying to sudgest or encourage trading, but just letting you know that we can not deny that loan is not profitable in bitcoin investment to some people, but it is more advisable to invest from our discretion than loan. and moreover a long term plan is more better because those little profit generated from trading is the reason many people are trapped into trading.

I don't really take taking a loan is good action to do by people especially if they are looking after to get possible profits in trading or even in their bitcoin investment. Since its like you are giving to much pressure to yourself and drowning for those possible interest asked by the lenders. Imagine if they didn't meet their expectation and suddenly they lose from whatever activities they done for sure next to that is they will be in miserable situation especially if they came to the point that they can't pay their borrowed amount anymore. So take always proper precaution on doing risky decisions on your investment and just use the money which is already in your possession so that there will be no other issues will bother to people who want to invest with bitcoin and they could just focus on how to grow their investment and think other think on how they can maximize or improve their strategy used to make everything goes according to their plans..

For me taking a lone for investment in asset like Bitcoin is inviting trouble to oneself that will end up turning the investor into a trader thereby exposing the investment to undue pressures and potential loss. Investment in BItcoin is vest if allowed a period of 4 to 10 years; I doubt there is any lender that will offer this kind of loan and even if they do, the interest will be outrageous.

What will most likely be the result of taking a loan to invest I Bitcoin is selling under pressure at a loss because the loan will require to be serviced serviced which is paying back the interest on the loan to be able to still owe the capital. This is not a good decision and should be avoided.

Bitcoin investment requires that the investor should have worked out his finances in such a way that he will be able to meet his needs while holding for as long as it is necessary probably within the minimum duration.

[Ruttoshi]

Though I may not be this thread is not about trading but we can not deny the fact that some people do trade. And they may go extra mile to take loan and invest in bitcoin but I don't think if such loan can be used for a longer time investment rather a short time investment. For  example during the earliest part of the week when bitcoin was dip by % -20, a short term trader that took loan may have made profit from the dip in price and withdraw it's profit, but I see that as a way of getting into trap. Please am not in anyway trying to sudgest or encourage trading, but just letting you know that we can not deny that loan is not profitable in bitcoin investment to some people, but it is more advisable to invest from our discretion than loan. and moreover a long term plan is more better because those little profit generated from trading is the reason many people are trapped into trading.

I don't really take taking a loan is good action to do by people especially if they are looking after to get possible profits in trading or even in their bitcoin investment. Since its like you are giving to much pressure to yourself and drowning for those possible interest asked by the lenders. Imagine if they didn't meet their expectation and suddenly they lose from whatever activities they done for sure next to that is they will be in miserable situation especially if they came to the point that they can't pay their borrowed amount anymore. So take always proper precaution on doing risky decisions on your investment and just use the money which is already in your possession so that there will be no other issues will bother to people who want to invest with bitcoin and they could just focus on how to grow their investment and think other think on how they can maximize or improve their strategy used to make everything goes according to their plans..

For me taking a lone for investment in asset like Bitcoin is inviting trouble to oneself that will end up turning the investor into a trader thereby exposing the investment to undue pressures and potential loss. Investment in BItcoin is vest if allowed a period of 4 to 10 years; I doubt there is any lender that will offer this kind of loan and even if they do, the interest will be outrageous.

What will most likely be the result of taking a loan to invest I Bitcoin is selling under pressure at a loss because the loan will require to be serviced serviced which is paying back the interest on the loan to be able to still owe the capital. This is not a good decision and should be avoided.

Bitcoin investment requires that the investor should have worked out his finances in such a way that he will be able to meet his needs while holding for as long as it is necessary probably within the minimum duration.

It depends on the kind of loan and who is giving out the loan to you. If you have a good  job that pays you every month, then it wouldn't be a bad idea to take a loan from your bank that the government uses to pay you or if it is a private company it is not bad to take a loan from the company to invest in bitcoin and hodli for long so that the money will be deducted from your salary every month overtime till when you finish paying the loan while you bitcoin investment is growing.

In my country those that have good jobs and don't have the money to live life the way they want and they don't want to take their time saving to achieve what they want do take loans from banks or from their companies to buy their heart desires. For instance, someone that is working for the government will take a loan from his bank to buy a car and start paying back gradually. Also private companies have car loans and house loans for their workers to enable them live a comfortable life even when they don't have the bulk money to buy a car. When paying back, the amount that will be deducted from their salaries will not have a significant effect on their pay.

If people can take loans to buy cars, if you are opportune to be have such job, you can take loan to invest in bitcoin for the future and pay back bit by bit, but you have achieved the goal of buying your bitcoin now instead of the latter since you will get your loan in bulk and have the opportunity to buy bitcoin with DCA method, lump sum and the dip, if it happens that the dip comes.

[BITCOIN4X]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

[Tmoonz]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

Your friend shouldn't regret not buying when the market was down, buying when the market was down can be good as it gives the opportunity of buying more Bitcoin at a lesser amount of money, but it is a bitter truth that sizing such opportunities is not for everybody, it is only for those who have made preparations for it which is better than being hesitant to buy when the market was down, as being hesitant to buy when the market was down can probably affect your other living expenses by using the money that is not meant for investment to make purchases which is out of your plan, your friend can be comfortably aggressive enough with his dcaing without over doing it and his Bitcoin portfolio will keep increasing which is the effects of the DCA if consistency is being applied, the DCA provides a comfort zone for every Player hence there wouldn't be any need having much of a regret for not buying when the market was down if long term is the vision.

[I_Anime]

As a newbie, it is important to adhere to the basic principles of Bitcoin investment, any investor who is ignorant of it is to be blamed for their own loss because at the end of the day, everyone would take responsibility for their actions. There are things that a newbie cannot bypass, and they are necessary. The idea of quick riches is what leads them to quick failure. However, at the baby step, they are to understand that successful investment requires basic knowledge, patience, risk management, and a longevity period of investment. The newbies who take gradual step to educate themselves along the line and adopt to long term approach are more likely to go through the challenges in the market without being affected. 

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

That's why I full recommend newbies to go through sir JayJuanGee 9 principle individual factors, because this will actually help to prepare those newbies that have interest to invest in bitcoin (long-term investment) , because with a proper guidance you will find out that holding bitcoin is not as hard as most people sees it to be , like back then I don't believe I will be able to invest in bitcoin for long-term holding but when I got to this forum got inspired by other users and with proper guiding I was able to pull it off ,well if one is ready to hold bitcoin for long, he or she just got to be active in this forum , and he or she is good to go ( and also having good cashflow).

[SuperBitMan]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

When it comes to bitcoin investment there are things which are very important to have or do if one wants to be successful which are.

1. Patience

2. Consistency

3. Backup funds

This 3 things most be in place if you want to succeed in your Bitcoin investment.
Now for backup funds, if you don't have any backups you can start accumulating it along side with your Bitcoin, then when you accumulate ur backup funds to a point you feel is okay then you can live it and then focus on your Bitcoin accumulation.
Without having a backup funds you will surely dip hands into your Bitcoin as time goes on, some people feel they are been paid very well and they can settle everything they need with there salary, that may be true but the reason why it is advised to have a good backup funds which comprises of emergency, reserve and float funds, is because of unexpected occurrence or emergency issue, such as being sack from work, having accident, sickness, etc. Backup funds are security for your Bitcoin.

[ultrloa]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

Mostly because your friend didn't execute what he learn also he don't have huge trust on bitcoin its because he didn't take good action even if bitcoin present so well a good price for people who want to start their journey. But for sure he regret those decision for not acquiring especially that there's good recovery currently happening in the market. If he keep those attitude and didn't learn from his mistake for sure he will continue to doubt about not moving.
,
And he will just say some nice stories about the old times of bitcoin but, they didn't take advantage on those times when there's opportunity for them to take action. But even though those dumps has been surpassed by bitcoin your friend could still start at current price since as we know bitcoin there's still huge chance for it to pump more. The $100k speculation still alive and if again they doubt if this price would came for sure this is another situation that these people will doubt again on why they before they didn't buy some bitcoins.