getting back into the BTC game

[nelson4lov]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

Did you stop becoming a holder after your account on the forum got hacked? If yes, then that's wild. To ask your question; Yes, I'm still optimistic about Bitcoin. Yes it might have decade over a decade+ to gain grounds but all new revolutionary tech don't need to change the world in a year, it can do so over time. Btw, welcome to the bandwagon. Bitcoin has survived several tests so much that I'm convinced that Bitcoin is never going away and will be a part of our lives moving forward.

[axel20]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

Did you stop becoming a holder after your account on the forum got hacked? If yes, then that's wild. To ask your question; Yes, I'm still optimistic about Bitcoin. Yes it might have decade over a decade+ to gain grounds but all new revolutionary tech don't need to change the world in a year, it can do so over time. Btw, welcome to the bandwagon. Bitcoin has survived several tests so much that I'm convinced that Bitcoin is never going away and will be a part of our lives moving forward.

I did, but it wasn't just because of the account hack.  I'm glad to be back and look forward to building up my BTC again.

[PX-Z]

I'm glad to be back and look forward to building up my BTC again.

It's perfect time actually to stack up again since bitcoin goes down for a while now. You will gain at least 6-10% profit when you buy now @56k and until bitcoin goes back 67k or even more. As a i see that there is lesser chance it goes back down far below. Just don't forget to stop-loss if you are still in a trading platform to avoid getting loss instead since there is still chance for it to go back down.

[Alone055]

It's perfect time actually to stack up again since bitcoin goes down for a while now. You will gain at least 6-10% profit when you buy now @56k and until bitcoin goes back 67k or even more. As a i see that there is lesser chance it goes back down far below. Just don't forget to stop-loss if you are still in a trading platform to avoid getting loss instead since there is still chance for it to go back down.

Isn't doing DCA better than using a stop-loss? One doesn't need to use all their funds to buy Bitcoin at a single price point and then keep watching the market after that, one should divide their capital into multiple portions and keep using them one by one to buy Bitcoin as the price keeps going down because we never know, we might think it is the least price we are going to see for now but the market can always surprise us, so it's better to be prepared than to regret it later.

Some people do DCA but they do it the wrong way. You are not supposed to keep buying Bitcoin on every drop of $1k from its price, for that, you will need an extremely large capital so that you can keep buying. The best way to do this is to make the gap a bit bigger so that you can adjust your capital accordingly and be able to buy the bottom as well because if you exhaust your capital and the market goes even lower, you will regret buying earlier and not having anything left to buy more because that could generate more profits for you.

[EarnOnVictor]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

Sorry about your ugly experience with Bitcoin, but next time, you should be more careful. You may not even need the hard wallet, but keep your Bitcoin in multiple wallets. So that if one gets compromised, others will still be there for you. But if you are storing a huge amount of money, going for the Trezor Safe 3 may be a very good option. Still, make sure that you are careful about keeping your wallet, otherwise, it will be a waste buying the gadget.

As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.

[Publictalk792]

Sorry about your ugly experience with Bitcoin, but next time, you should be more careful. You may not even need the hard wallet, but keep your Bitcoin in multiple wallets. So that if one gets compromised, others will still be there for you. But if you are storing a huge amount of money, going for the Trezor Safe 3 may be a very good option. Still, make sure that you are careful about keeping your wallet, otherwise, it will be a waste buying the gadget.

As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.

Yes you are right it is smart choice to be careful when investing in Bitcoin. And to reduce risk keep Bitcoin in multiple wallets. If we have a lot consider a safe option like hardware wallet. But even with safe wallet we still need to be careful. Before investing we should take time to learn and understand the market. Some people might say to invest little at a time DCA but it's better to be cautious and avoid losing more money. Bitcoin price might drop even lower so it's important to wait for a better time to invest. But if we will use the DCA method so it is not important that where the Bitcoin is and what is the price of it.

[Smack That Ace]

Sorry about your ugly experience with Bitcoin, but next time, you should be more careful. You may not even need the hard wallet, but keep your Bitcoin in multiple wallets. So that if one gets compromised, others will still be there for you. But if you are storing a huge amount of money, going for the Trezor Safe 3 may be a very good option. Still, make sure that you are careful about keeping your wallet, otherwise, it will be a waste buying the gadget.

As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.

Yes you are right it is smart choice to be careful when investing in Bitcoin. And to reduce risk keep Bitcoin in multiple wallets. If we have a lot consider a safe option like hardware wallet. But even with safe wallet we still need to be careful. Before investing we should take time to learn and understand the market. Some people might say to invest little at a time DCA but it's better to be cautious and avoid losing more money. Bitcoin price might drop even lower so it's important to wait for a better time to invest. But if we will use the DCA method so it is not important that where the Bitcoin is and what is the price of it.

Holding bitcoins in multiple wallets is also a risk because of the pressure we will need to store more seed phrases, so using multiple wallets to store bitcoins is not a perfect solution and think it will make us safer.

How low can Bitcoin go and what is a reasonable price for OP to start buying if not now? Do you both have proof or any guarantee that this bitcoin correction will cause it to drop below 50k$? If you two give him advice to do his own research and research before investing, then don't give him advice about the better time to buy bitcoin. Let him do his own research and make his own decision, and I will support the DCA idea.

[EarnOnVictor]

Sorry about your ugly experience with Bitcoin, but next time, you should be more careful. You may not even need the hard wallet, but keep your Bitcoin in multiple wallets. So that if one gets compromised, others will still be there for you. But if you are storing a huge amount of money, going for the Trezor Safe 3 may be a very good option. Still, make sure that you are careful about keeping your wallet, otherwise, it will be a waste buying the gadget.

As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.

Yes you are right it is smart choice to be careful when investing in Bitcoin. And to reduce risk keep Bitcoin in multiple wallets. If we have a lot consider a safe option like hardware wallet. But even with safe wallet we still need to be careful. Before investing we should take time to learn and understand the market. Some people might say to invest little at a time DCA but it's better to be cautious and avoid losing more money. Bitcoin price might drop even lower so it's important to wait for a better time to invest. But if we will use the DCA method so it is not important that where the Bitcoin is and what is the price of it.

Holding bitcoins in multiple wallets is also a risk because of the pressure we will need to store more seed phrases, so using multiple wallets to store bitcoins is not a perfect solution and think it will make us safer.

When someone is trying to avoid the mistake of using a single wallet like before when the wallet was compromised through hacking and the option of distributing his risks by having multiple wallets that are independent of each other is not safe in your view, which option is safe? At least you should have added a better option and not just condemn.

Also, having more seed phrases as a reason to believe the option is not good is baseless. If someone can keep a seed phrase for a single wallet well, I don't see how such can't keep it well for multiple wallets and it is not new for people to have more than one wallet without any compromise. We've been sharing enough ways to keep seed phrases on this forum, if you don't know, you ask.

How low can Bitcoin go and what is a reasonable price for OP to start buying if not now? Do you both have proof or any guarantee that this bitcoin correction will cause it to drop below 50k$?

You sound so perfect now, you who asked such a question, do you also have the guarantee that Bitcoin can't go below $50,000? Maybe you should read what I wrote again, my experience with trading/investment will never make me guarantee any decision, I can only speculate.

Against your wish, one thing I will not do is tell people to invest when the market is strongly bearish regardless of the investment approach you are preaching.

[re-start]

Welcome back OP.
I am very optimistic about the future of Bitcoin because in the last 4-5 years it has received special attention and governments have also been forced to accept Bitcoin. Do you agree? In the early years of Bitcoin's rise, out of every 10 posts in this forum, 8 posts were related to the acceptance of Bitcoin by governments and concerns related to it. But now? Everything is completely normal. This is the power of Bitcoin!

[virasog]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

Since you have asked about the potential of bitcoin and the future of bitcoin, then i am sure that you should be aware that bitcoin has a very bright future. I am sorry if you are asking in terms or price or time as when we will see new bitcoin highs but sooner and later bitcoin will make new highs and this is the right time to invest in bitcoin now before it is too late. It is always good to invest under 60,000$ as compare to investing in times when bitcoin will be above 70K and the fomo will be at the highest peak too.

Advice: i will suggest not to listen to a lot of people as some will ask you to wait for more lower prices for bitcoin investment. If you listen to them, you may end up missing out completely in this bitcoin game 

[axel20]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

Since you have asked about the potential of bitcoin and the future of bitcoin, then i am sure that you should be aware that bitcoin has a very bright future. I am sorry if you are asking in terms or price or time as when we will see new bitcoin highs but sooner and later bitcoin will make new highs and this is the right time to invest in bitcoin now before it is too late. It is always good to invest under 60,000$ as compare to investing in times when bitcoin will be above 70K and the fomo will be at the highest peak too.

Advice: i will suggest not to listen to a lot of people as some will ask you to wait for more lower prices for bitcoin investment. If you listen to them, you may end up missing out completely in this bitcoin game 

This is good advice.  I don't plan to play the "just keep waiting" game before I start investing.  I plan to buy BTC here and there as finances permit and HODL for the long term.  I'm not really concerned if the price of BTC falls because we all know it's going to go up again in time.  I don't mind waiting.

[Smack That Ace]

When someone is trying to avoid the mistake of using a single wallet like before when the wallet was compromised through hacking and the option of distributing his risks by having multiple wallets that are independent of each other is not safe in your view, which option is safe? At least you should have added a better option and not just condemn.

Also, having more seed phrases as a reason to believe the option is not good is baseless. If someone can keep a seed phrase for a single wallet well, I don't see how such can't keep it well for multiple wallets and it is not new for people to have more than one wallet without any compromise. We've been sharing enough ways to keep seed phrases on this forum, if you don't know, you ask.

If you are already confident that you can store your seed phrase well, why would you need to use multiple wallets to store your bitcoins?
To me, there is no perfect and absolutely safe method, each method has its advantages and disadvantages. I should just say that in my opinion, using too many wallets is not as safe as you say, they also have certain risks.

You sound so perfect now, you who asked such a question, do you also have the guarantee that Bitcoin can't go below $50,000? Maybe you should read what I wrote again, my experience with trading/investment will never make me guarantee any decision, I can only speculate.

Against your wish, one thing I will not do is tell people to invest when the market is strongly bearish regardless of the investment approach you are preaching.

Have you checked the bitcoin price today? I don't have any advice because everyone will have a different investment mindset, but I would find it a waste to prevent someone from buying bitcoin at this time because the price of bitcoin is quite good to buy. At this moment, bitcoin price is trading at $59k while a few days ago it was just $53k or $55k.

[EarnOnVictor]

When someone is trying to avoid the mistake of using a single wallet like before when the wallet was compromised through hacking and the option of distributing his risks by having multiple wallets that are independent of each other is not safe in your view, which option is safe? At least you should have added a better option and not just condemn.

Also, having more seed phrases as a reason to believe the option is not good is baseless. If someone can keep a seed phrase for a single wallet well, I don't see how such can't keep it well for multiple wallets and it is not new for people to have more than one wallet without any compromise. We've been sharing enough ways to keep seed phrases on this forum, if you don't know, you ask.

If you are already confident that you can store your seed phrase well, why would you need to use multiple wallets to store your bitcoins?

This question is needless in my view as it doesn't have anything reasonable to add to the reason you asked it. What has the use of many wallets got to do with the safekeeping of the seed phrases when the person did not say the keeping is a problem? Are there many people having different wallets and keeping them very well without any compromise till today? If someone can keep the seed phrase securely for one wallet, why can't the person keep it for 5 wallets? It all has to do with your plan for the safekeeping.

Now, I need to hear from you, what is your plan for keeping your wallet that you are so afraid of using more than one wallet? You can't use your lack of safekeeping of seed phrases to judge others. Even if all my seed phrases are on a single sheet of paper it is often coded in such a way that you will not know the right combinations even if you had access to it. That's wisdom.

[tread93]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

1000x optimistic on the soundest money there is in the world. I am without a doubt convinced that we are going to see 1million / bitcoin within the next ten years mark my words. There is just no way that it isn't. Apart from wishful thinking what isn't appealing about being your own bank?

[reagansimms]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

We have gone through various momentums while holding as much Bitcoin as we can, we have gone through various moods due to the price continuing to fluctuate. Sometimes we are happy because the price continues to increase and a feeling of anxiety comes over us because the traded price continues to decrease. The confidence that arose in us about the increasingly bright future of Bitcoin has formed the determination to hold for a long time and increase the amount when we have additional funds.

Recently the Bitcoin market experienced a slight decline due to large sales carried out by Germany, but the effects were felt only in the short term. We may soon see the huge growth experienced by the Bitcoin market in the future, you still have time to collect Bitcoins to welcome the new ATH that Bitcoin investors are always anticipating.

[michellee]

This is good advice.  I don't plan to play the "just keep waiting" game before I start investing.  I plan to buy BTC here and there as finances permit and HODL for the long term.  I'm not really concerned if the price of BTC falls because we all know it's going to go up again in time.  I don't mind waiting.

Our job is buy more Bitcoin and wait for the reverse of the Bitcoin price. We could wait for some time because Bitcoin price now still at a low but we have a good time to buy more Bitcoin at a low price. That is why many people still buy more Bitcoin because they don't wants to lose the opportunity to buy Bitcoin at a low price.

Bitcoin price can increase today but that doesn't mean the price can still increase. We still needs to be careful to anticipate anything bad such as correction that can happens anytime. But if you decides to continue buy Bitcoin, you still have more time so you can use it for your benefits.

We still wait for Bitcoin price increase so we can use our time to do other things instead just wait for the market increase. Besides that, we needs to be patient and don't panic if the correction still appear.

[legendbtc]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

1000x optimistic on the soundest money there is in the world. I am without a doubt convinced that we are going to see 1million / bitcoin within the next ten years mark my words. There is just no way that it isn't. Apart from wishful thinking what isn't appealing about being your own bank?

We haven't even touched $100k yet, so don't rush into a scenario where bitcoin will reach $1 million in the next 10 years. We don't have any evidence or data to guarantee that will happen. I'm not pessimistic, what I want to say is that we should not be too optimistic and unrealistic, this will cause many people to misunderstand.

The target we are aiming for is $100k and most people believe it will happen during this bull season. So OP is back at the right time and there is still time for him to start accumulating bitcoins before the rollercoaster starts.

[kryptqnick]

Op, welcome back! I hope your account recovery will be successful. As for Bitcoin, I don't think it's ever too late to return to it. As you can see, the price grew significantly over the years, and so did recognition of Bitcoin around the world. The fees are an issue occasionally, but there are also periods when they are very reasonable.
I'm still feeling good about Bitcoin, although I believe that our expectations should not be the way they were 7 or more years ago. Bitcoin can't grow 20x or 10x in one bull run anymore. But maybe it can grow 10x over a decade, we'll see. Right now, we're either still getting close to the bull run, or a very mild bull run is already behind us and there's a bear market ahead. It's hard to say in advance, but it will be clear in hindsight.

[khiholangkang]

Op, welcome back! I hope your account recovery will be successful. As for Bitcoin, I don't think it's ever too late to return to it. As you can see, the price grew significantly over the years, and so did recognition of Bitcoin around the world. The fees are an issue occasionally, but there are also periods when they are very reasonable.
I'm still feeling good about Bitcoin, although I believe that our expectations should not be the way they were 7 or more years ago. Bitcoin can't grow 20x or 10x in one bull run anymore. But maybe it can grow 10x over a decade, we'll see. Right now, we're either still getting close to the bull run, or a very mild bull run is already behind us and there's a bear market ahead. It's hard to say in advance, but it will be clear in hindsight.

It's never too late to collect bitcoin is a very special sentence, today we are in a phase where institutions and governments are slowly entering the world of bitcoin, some other countries are still quite hesitant but I note that institutions are increasingly adopting bitcoin, as well as retail which is growing with the expansion of bitcoin and marketing by many market for bitcoin to reach more ordinary people.

yes we cannot expect to be 20x or more but we can see slowly bitcoin will experience growth even if only 1x 2x in each cycle, for the next decade I hope we are at the top of a very beautiful hope with bitcoin, never doubt bitcoin as a very promising investment asset.

[Dickiy]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

1000x optimistic on the soundest money there is in the world. I am without a doubt convinced that we are going to see 1million / bitcoin within the next ten years mark my words. There is just no way that it isn't. Apart from wishful thinking what isn't appealing about being your own bank?

We haven't even touched $100k yet, so don't rush into a scenario where bitcoin will reach $1 million in the next 10 years. We don't have any evidence or data to guarantee that will happen. I'm not pessimistic, what I want to say is that we should not be too optimistic and unrealistic, this will cause many people to misunderstand.

The target we are aiming for is $100k and most people believe it will happen during this bull season. So OP is back at the right time and there is still time for him to start accumulating bitcoins before the rollercoaster starts.

Yes we here can only speculate without knowing what the future increase in the price of bitcoin will be like, I agree not to rush to give unnecessary assumptions that will later make a fuss. and to touch $ 100k I am still optimistic I do not doubt that, but if for $ 1 million it is still too far to hope in that direction, and who also does not want an increase in prices like that, if it happens it will be very happy who has invested in bitcoin.

So for now I will just enjoy the investment process that I have targeted for my long term. but when it comes to bitcoin, hope is still wide open to invest some of our money and get the benefits that we can take in the future, and look forward to the surprises that will occur later.