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Author Topic: You have a better chance with Bitcoin now than the next minute!  (Read 511 times)
JiiBs (OP)
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March 20, 2024, 10:28:04 AM
 #1

Have more volume for less $value

During my short time here and checking on Bitcoin back to its roots when it had barely any value, you would find out that, time spent in doing nothing continues to prove costly as the Bitcoin progresses.
Of course one might buy Bitcoin just anytime you like, but the difference in quantity will always make the huge difference.

Where:
Year starting 2020; $7,200 = 1BTC
Year ending 2020; $28,950 = 1BTC.

Imagine this happening in the same year. You’ve got a difference of:
$28,950 - $7,200 = $21,750

Now, you’ve bought at the year ending, same one unit of 1Bitcoin and it’s cost you $21,750 more $ than you would have by buying at the start of the year. That would have meant;
$28,950 / $7,200 = 4.02BTC.
That means, you’ve got 3BTC more to account for your $21,750 more value.

In successive year, it continued in an increasing order and reduced in 2022. Giving investors a buying opportunity yet again.

Coming to recent time,
In this month, we’ve seen Bitcoin at $73,000 value and today it’s dumped to around $63,000 and from the look of it, the bulls is gaining some momentum in today’s market. This speaks of the more volume you would accumulate for your $value to buy now rather than wait on the market for the market for more examination and it could push through to $70,000 in the next minute (could be exaggerated), giving you less volume for more $value.
Hence, buying at current price gives:

Starting today 20th March: $63,000 = 1BTC
At a later time when price is up $73,000 = 1BTC
A difference of $10,000 = 0.16BTC as more value at a later time. That is also what you stand to loss by not taking chances with the price at the moment.

If the plan could be holding as it’s mainly advocated and most of the precedents to this time continues to do, gains are not far behind. Thought it might dump, it would rise as it’s evident in its history and what better time to not wait but buy before the halving.

Buying to hold today is not having get less volume for more $value but rather, more volume for less $value.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Wapfika
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March 20, 2024, 10:35:16 AM
 #2

I really like speculation like this because it based on price history and not with other bullshit out of the world predictions. This kind of speculation on price is very to easy to grasp due to a clear pattern on the price growth.

The only factor that might change this pattern is the Bitcoin ETF that is now approved that provides huge volume of transactions to purchase Bitcoin.

But I believe on self fulfilling prophecy on trading which means an easy to notice pattern like will always be use as reference for the trade of normal investors. This is like the Bitcoin rainbow chart that is always being use whenever there’s a price movement before.

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March 20, 2024, 11:26:44 AM
 #3

Bitcoin will always shows it appreciable nature to every investors because its increasing in value and adoption, same way we have found out that over time, nothing has changed about the trust and consistency of this same unique decentralized digital currency, if one must take advantage, then now is the best time before the further launch into the bullrun before the halving or after, those that are more familiar with the market price of bitcoin could deduce that bitcoin wasn't the same way it started the year with, we have realized a massive increase to where we are now and more are still coming along the year with bullrun after halving.

R


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March 20, 2024, 11:47:29 AM
 #4

If you look back at the beginning of Bitcoin, you can definitely see that the price of Bitcoin was very low. And from there it has risen to $73K at present. So think about how much Bitcoin price has changed to touch the all-time high at the moment. At present the coin is so expensive that every investor has invested their money here.

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March 20, 2024, 12:42:45 PM
 #5


If the plan could be holding as it’s mainly advocated and most of the precedents to this time continues to do, gains are not far behind. Thought it might dump, it would rise as it’s evident in its history and what better time to not wait but buy before the halving.


With the ETF things might change this time around. Although some hodlers are already taking their profit and price is starting to drop but halving is just around the corner, so this drop may not last before we see another bull run that could be sustained till the end of this year leading to 2025. The history of bitcoin from beginning has been rise and fall so that shouldn't create any fear until the halving bull comes and that is the season we are, not many hodlers are selling because of the expectation of halving.
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March 20, 2024, 06:44:02 PM
 #6

The volatility of bitcoin is like a written novel, it's obvious, right? yes, but to the historical past.  Then it is easy to make an "adapted script," and that adaptation can be literal to the situation you want, both in terms of happiness and loss.

That's what short selling is all about, if things go well and the volatility pleases you, you can make in one day the profit that takes Hodl months, even years.

The thing is, where there are winners, there are always losers, that balance of momentum is what allows many to have longevity in trading.

If everything were as easy as just writing it (our adapted script) trading wouldn't be one of the hardest jobs there is.  Trader breaks the best wills I have seen.

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March 20, 2024, 09:23:16 PM
 #7

That's the basic theory behind Bitcoin as we know it. People who were around when Bitcoin was priced at $1 didn't know it was going to be valued at $73k (current all-time high) and the reason for that is because they didn't see it performing, but now that we have seen it performing for so many years, we know that it has got the potential to outperform its performance after each passing cycle.

You are right that someone not buying today will not get the same price tomorrow, and by tomorrow I mean the future and not the literal tomorrow. So those who plan to make long-term investments should do it but only after having a brief look at the history.









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March 20, 2024, 09:25:58 PM
 #8

If you look back at the beginning of Bitcoin, you can definitely see that the price of Bitcoin was very low. And from there it has risen to $73K at present. So think about how much Bitcoin price has changed to touch the all-time high at the moment. At present the coin is so expensive that every investor has invested their money here.
Price history always a good resources to analyze the future trend and with the current trend we all know it is already expensive and expecting a correction which is happening already with Bitcoin. This is another opportunity to accumulate and its too early to end the bull trend, after this correction expect for the price to go up again.

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March 20, 2024, 09:32:07 PM
 #9

-snip-
Price history always a good resources to analyze the future trend and with the current trend we all know it is already expensive and expecting a correction which is happening already with Bitcoin. This is another opportunity to accumulate and its too early to end the bull trend, after this correction expect for the price to go up again.
Yes, price recovery tends to be more expected than deeper corrections. Bitcoin has corrected quite deeply over the last few days, even today we can find bitcoin down to $60k. An accumulation plan seems reasonable to do now instead of waiting for another big drop, but the market is already showing a recovery to the $67k level now.

I don't know, we don't know what will happen next. Prices will swing and will make investors doubt something, but if they are optimistic about the future after the halving then it is time for them to leave their doubts somewhere before it is too late.

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348Judah
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March 21, 2024, 10:00:02 AM
 #10

If you look back at the beginning of Bitcoin, you can definitely see that the price of Bitcoin was very low. And from there it has risen to $73K at present. So think about how much Bitcoin price has changed to touch the all-time high at the moment. At present the coin is so expensive that every investor has invested their money here.

I don't seem to get the aspect that talked about bitcoin being expensive, but instead, you may say that the market value has increased to a reasonable extent, the most amazing of it all is that we are still having more bitcoin highs to come and we aren't done yet with the bull season, we are having the target of seeing bitcoin at $100,000 and above and this alone tells more about what we should expect in the more days or months to come, the halving also is around the corner, all expectations have been raised towards that as well.

R


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March 21, 2024, 11:21:34 AM
 #11

BTC price at the beginning 2018: $13K
BTC price at the end 2018: $3.8K

BTC price on May 1, 2021: $53K
BTC price on May 30, 2021: $38K

OMG I'm in loss, Bitcoin is SCAM. Shocked

If you cherry pick to calculate the profit, I'd cherry pick to show if you can loss in Bitcoin for holding 1 month or 1 year.

The key is hold for long term i.e. at least for 4 years!

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March 21, 2024, 01:32:35 PM
 #12

BTC price at the beginning 2018: $13K
BTC price at the end 2018: $3.8K

BTC price on May 1, 2021: $53K
BTC price on May 30, 2021: $38K

OMG I'm in loss, Bitcoin is SCAM. Shocked

If you cherry pick to calculate the profit, I'd cherry pick to show if you can loss in Bitcoin for holding 1 month or 1 year.

The key is hold for long term i.e. at least for 4 years!
Or just simply go with the flow? Don't over think and complicate things with numbers and whatnot. Just invest and test it yourself, hold for 1 month then 10 months and so on and see how you are doing. If by chance you see that it will work for you then go longer. Like 4 years that you have said, it might be mentally hard. But if others can do it, then everyone can. And with that, you just go with it and not think about the price going down hard or suddenly picking up to $73k and start thinking of selling. It might be a good idea, but wait till the bull run begins after the halving and see what instore for you during that year or if you really completed to hold that 4 year.

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March 21, 2024, 07:34:05 PM
 #13

You need to showcase both the best and the worst of the recent times and I see you posting only the prices from where one could have got profit and that's for long term but there are lot of short term investors and day traders who cannot afford to hodl for 4 years which can be considered as long term with a guaranteed profits as per the previous trends. There are people who has bough Bitcoin at $19k and sold around $4k that's because didn't believe in long term or cannot hodl for longer and needed money.

I would rather say people need to have clear strategy and they need to either go long term or have to be really active and TP/SL at the right time to avoid getting into loss.









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March 21, 2024, 07:38:10 PM
 #14

Buying to hold today is not having get less volume for more $value but rather, more volume for less $value.
Buying and holding today is about you thinking about your great future. While people that haven't bought yet are spending a lot of time thinking if it's the right time to buy, when you did already you have no worries left anymore.

All you have to worry is if you're already contented with how much Bitcoin you're holding or you want to hold more of it.

I would rather say people need to have clear strategy and they need to either go long term or have to be really active and TP/SL at the right time to avoid getting into loss.
For long term holders, this is where straight to the point of what we're thinking. Some say that there's no clear path of selling it but many of us have been thinking some price of when we must do it.

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March 21, 2024, 10:25:39 PM
 #15

Without all these introductions and detours, it is known that as the price of Bitcoin increases, you will get a smaller volume of Bitcoin in exchange for a greater value, and when it decreases, you will get a larger volume of Bitcoin in exchange for a lower value. But what's the difference?

I mean since everyone will eventually sell and convert Bitcoin into dollars or local currency what's the difference? If you end up winning in the value of the dollar or in the value of your local currency, what does it matter whether you hold a larger or smaller amount of Bitcoin? The important thing is that you emerge victorious in the end.

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March 21, 2024, 11:29:44 PM
 #16

BTC price at the beginning 2018: $13K
BTC price at the end 2018: $3.8K

BTC price on May 1, 2021: $53K
BTC price on May 30, 2021: $38K

OMG I'm in loss, Bitcoin is SCAM. Shocked

If you cherry pick to calculate the profit, I'd cherry pick to show if you can loss in Bitcoin for holding 1 month or 1 year.
Those skeptics and anti-Bitcoin will definitely pick their calculator and will show to the world on how much is the "loss" that someone has if they've invested on the peak. But that's how it is going to look like if they're not going to zoom the charts. While if they have that base argument and they always cherry pick then we also have our own by just looking at how someone earned a lot by just holding it like start it on 2017 or even by 2020.

The key is hold for long term i.e. at least for 4 years!
This could be long for them but that's the essence of HODL and long term investing.

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March 22, 2024, 01:41:11 AM
 #17

the previous all time high buyer that bought at peak are already having profit, thats the advantage of bitcoin you can be buying at peak and will be profitable in the next 5 year what you require is just holding it until it reached all time high again then you're set.
i remembered many people are so skeptical with buying bitcoin when in bearish, many people never crossed their mind that might be the best buying opportunity there is but just sweep it under the rug thinking bitcoin is doomed but the reality is always the opposite of these skeptical people envisioned to be.
bitcoin instead going up so high it grows more than previous all time high and still standing strong at this current price level. im expecting it to reach $150k by next year, and yes every minute passed not accumulating bitcoin might be a loss.

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March 23, 2024, 09:46:47 AM
 #18

I really like speculation like this because it based on price history and not with other bullshit out of the world predictions. This kind of speculation on price is very to easy to grasp due to a clear pattern on the price growth.
The new ATH before halving hasn't happened before in bitcoin so I don't see how this could be a good prediction that's based on the market history when bitcoin already made history with this new one, you're right about the factor about the ETF which means that OP's prediction for the last price for this year wouldn't be a possibility since the volume is much higher than the last time because of ETF, there's more investors now although they're not directly investing in bitcoin, they're still affecting the price.



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March 24, 2024, 11:41:27 AM
 #19

I really like speculation like this because it based on price history and not with other bullshit out of the world predictions. This kind of speculation on price is very to easy to grasp due to a clear pattern on the price growth.
The new ATH before halving hasn't happened before in bitcoin so I don't see how this could be a good prediction that's based on the market history when bitcoin already made history with this new one, you're right about the factor about the ETF which means that OP's prediction for the last price for this year wouldn't be a possibility since the volume is much higher than the last time because of ETF, there's more investors now although they're not directly investing in bitcoin, they're still affecting the price.

This has been something which never happened in the past as we haven't seen ATH before the halving hence we may see some unexpected moves in the market when we expect it the least and also as far as ETF are concerned they had temporary impact in the price of Bitcoin but the market doesn't bank on it as it's not the only factor which defines the price. But yeah Bitcoin will be introduced to new people or those who were hesitant due to ETF it's more of an exposure.









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March 24, 2024, 03:17:21 PM
 #20

BTC price at the beginning 2018: $13K
BTC price at the end 2018: $3.8K

BTC price on May 1, 2021: $53K
BTC price on May 30, 2021: $38K

OMG I'm in loss, Bitcoin is SCAM. Shocked

If you cherry pick to calculate the profit, I'd cherry pick to show if you can loss in Bitcoin for holding 1 month or 1 year.
Those skeptics and anti-Bitcoin will definitely pick their calculator and will show to the world on how much is the "loss" that someone has if they've invested on the peak. But that's how it is going to look like if they're not going to zoom the charts. While if they have that base argument and they always cherry pick then we also have our own by just looking at how someone earned a lot by just holding it like start it on 2017 or even by 2020.

The key is hold for long term i.e. at least for 4 years!
This could be long for them but that's the essence of HODL and long term investing.

Oh yeah, it’s an interesting place to look and though I was more of “our own” as used in your quote, a sort of cherry pick and barely mentioned on the price corrections that happened along the years, it’s important that investors don’t forget that, it doesn’t matter much what price is doing at a down time, you could always buy even more and wait on the Bitcoin to side the bulls. This is the ideal time to take profit should you wish to.
Having to sell your Bitcoin when the market price is down or below where you might have bought them is a self acclaimed decision to be at a loss. It’s not on Bitcoin but rather, you as the investor deciding to settle on a loss.
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