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Author Topic: One Beauty about Bitcoin investment.  (Read 699 times)
knowngunman
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July 29, 2024, 05:36:13 PM
Merited by JayJuanGee (1)
 #21

Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?

I think it would be better we separate trading when talking about bitcoin investment, it's likely of an adventure than just an investment and moreover, when you are trading bitcoin, you are not hedging against inflation, you are purely interested in taking advantage of the market condition.

If there's any work that requires one to be constantly supervising their computer screen, it should be trading and not office work. You need to pay close attention to your trade position while you are also checking updates to know if there's any information that would influence the market. Your argument would have been valid if you maintain your discussion on holding bitcoin as an investment but including trading void your point. Investing in bitcoin does not actually require investor to be on sit always but accumulating money to start the investment requires you to do so if necessary.

R


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bubilas
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July 31, 2024, 07:02:46 AM
 #22

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

 Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?


Yes, this is definitely a plus, but I am sure that all investors constantly check the price of the asset they invested in. And I think that the larger the amount of invested funds, the more often the investor thinks about these savings.

This is our human psychology, we want to know as soon as possible - how are things going with the invested money?

You are right because I realized that in as much as holders doesn't require checking or monitoring there Bitcoin investment regularly but there are still people who never take off there eyes from there accumulated Bitcoin in a weekly basis, so just like you observed people would always want to see how there investment is doing whether appreciating or not, however monitoring of investment are mostly done by beginners because in most cases they derive joy or motivation from watching their amount of accumulated Bitcoin, meanwhile there are also people who doesn't like watching there accumulated Bitcoin because we have different kinds of investors and some can easily get emotional or discouraged when they are not seeing what they expected, just like what happened during the time Bitcoin was struggling within $55k and so many people that bought during the time it was $70k begins to feel discouraged.

This is our human psychology. It turns out that if someone has invested money, then he admits in the back of his mind that now at any moment his tokens can make x10. And after this, it is very difficult to refrain from constantly monitoring the portfolio balance. And this is wrong. You cannot wait for changes in your life in this way, since this leads to the investor becoming impatient.
And because of this, many invest in bad but very volatile tokens. You need to be patient, and this is the key to success.

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Obim34
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July 31, 2024, 07:39:53 AM
 #23

What is your opinion?
One thing to note is that Bitcoin investment is not a job, you can't blame someone who is working with his/her computer all day with the aim of earning morning. How do you expect them to carry out living expenses, how then can they make good amounts of money to invest in Bitcoin, it all comes from working daily to earn and then split into various opportunities, Bitcoin investment being one of those opportunities. Bitcoin is an investment and should be treated as such, what we get from Bitcoin is profits due to how much it increased over some periods and not something we get to hustle on, it's all about buying and holding.

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CryptoBuds
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July 31, 2024, 08:02:34 AM
 #24



What is your opinion?


So what about investing in real estate and stocks? You also don't need to look at a computer screen every day, what you need to do is buy and hold like bitcoin. The majority of those investments are buy and hold, not just bitcoin.

Also, you made a pretty lame comparison comparing bitcoin to a certain job. Does Bitcoin give you daily/monthly income? Does Bitcoin give you a steady income? Take yourself as an example, are you working every day and even for a low salary or are you just investing in bitcoin to survive in the world? Don't make silly comparisons just to exaggerate bitcoin because that won't make bitcoin look better in people's eyes either.

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August 01, 2024, 11:05:13 AM
 #25

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.

Bitcoin is quite different from other physical investment, you can invest in it and leave for the market to sell once your order has been filled, if you can buy the dip and hold, set the target and make another for sell, one can also hodl the investment on his wallet over time and the value increases along, though we can still spend some time prior the investment speculating in other to know where the market is going and to be able to have an idea on whether to invest or hold on till a particular market season is achieved.

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tread93
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August 02, 2024, 01:26:47 AM
 #26

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

What is your opinion?

So you're saying 40% of Americans are not really working to get their salary?

FYI, Bitcoin is not a job so comparing it with Jobs to make money is like comparing apple with Oranges.

Every investment needs capital and that what the middle class people lack and these banking system is making them to trap with loan for their entire lifetime so anyone wants to achieve financial freedom needs to have a clear vision of how they are going to get that money.

I have to agree you can't compare bitcoin to full time job lol. The 40% of american workers pretending will be found out and replaced by AI eventually lol. Some jobs can't be replaced tho. Sales, customer service, technical conversations & so much more that computers just won't do the job well compared to specialized workers.

This vision you speak of and the seed money is so crucial. Without that its just a long road ahead, a long hot and dry road in the desert basically until you find that oasis, you can't make somehting out of nothing but you can develop something from a sheer brilliant idea.

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August 02, 2024, 01:49:57 AM
 #27

No big deal. When you invest in gold or bonds or stocks or real estate or whatever, you won't be staring at your computer all day either. Bitcoin isn't ahead of all those mentioned because investing in it makes you avoid screen time. Bitcoin is the best choice because it is decentralized. It has predictable and fixed supply. It is immutable, borderless, censorship-resistant, and so forth.

However, this isn't absolute. This is only true if you are into hodling or long-term investment. If you are into trading, you have no choice but to stare at your computer and try to predict what's largely unpredictable.

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August 02, 2024, 02:55:53 AM
 #28

Yes investing in Bitcoin is good idea because it can earn money without needing too much attention. Regular jobs that require sitting at computer all day but cryptocurrency investments can make money without watching all time. But thing is that it needs some experience some knowledge there are many ways to invest like DCA trading mining and diversification which can lead to big returns but you must have knowledge about and without learning you can lose your money.

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August 02, 2024, 04:32:54 AM
 #29

Yes investing in Bitcoin is good idea because it can earn money without needing too much attention. Regular jobs that require sitting at computer all day but cryptocurrency investments can make money without watching all time. But thing is that it needs some experience some knowledge there are many ways to invest like DCA trading mining and diversification which can lead to big returns but you must have knowledge about and without learning you can lose your money.
Initial knowledge is always needed to be able to understand and digest the meaning of an asset like Bitcoin because that is the main direction that investors must know before investing. The rest is knowing how to store it in order to keep it safe enough because investment does not require excessive supervision although it still requires control to see the value of the assets that we have invested in, although not necessarily at all times. And from what you said, it is actually quite clear that knowledge about Bitcoin and how to invest is the main thing before gaining more experience through direct practice.

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August 02, 2024, 08:20:06 AM
 #30

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.

Bitcoin is quite different from other physical investment, you can invest in it and leave for the market to sell once your order has been filled, if you can buy the dip and hold, set the target and make another for sell, one can also hodl the investment on his wallet over time and the value increases along, though we can still spend some time prior the investment speculating in other to know where the market is going and to be able to have an idea on whether to invest or hold on till a particular market season is achieved.
Investing in Bitcoin certainly has a different way from making other physical investments and when someone has understood this investment well of course they have their own strategy to gain profit from the investment they are running, indeed there are some people who use strategies like the one you have said to buy it when there is a decline and they hold it until the price increases and take profit when the target they set has been reached and there are some people who buy it gradually and do it consistently and also hold it for a certain period of time to be able to generate profit from the investment which of course everyone will use a strategy according to their abilities and also the funds they are able to hold for a certain period of time.

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August 02, 2024, 08:51:34 AM
 #31

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

 Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?


The biggest misunderstanding in Bitcoin is "hedge against inflation" - It's not.
It's a highly speculative asset that can go down by 50-70% in one day and stay there for a decade, can you wait that long ? not many can and you don't have any guarantee it will go to the same levels or higher aside from historical patterns.
I also don't understand why are you comparing actual work (or as you call it "staring at screen") to this casino style "investment".

People seem to add more merit to Bitcoin just to justify their sick gambling  Grin Grin Grin
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August 02, 2024, 09:29:14 AM
 #32

Maybe if everyone of us are to start with the beauty in bitcoin which we have discovered, there will be many from each every one of us to talked about because bitcoin has been useful in many areas, this also is one of the reason why there is a continues adoption of this same digital currency, if you invest on bitcoin, you have full control over the investment made and there is lesser risk on losing your asset while you're opened to an increased tendencies for making more profits from it, decentralization is one of the key points why many will remain in using bitcoin.

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August 02, 2024, 10:13:02 AM
 #33

Yes investing in Bitcoin is good idea because it can earn money without needing too much attention. Regular jobs that require sitting at computer all day but cryptocurrency investments can make money without watching all time. But thing is that it needs some experience some knowledge there are many ways to invest like DCA trading mining and diversification which can lead to big returns but you must have knowledge about and without learning you can lose your money.

But what do you think is more important in your life, a full-time job or investing in bitcoin? If you don't have a job or any source of income, how can you have money to invest in bitcoin because it's not free? How can you hold bitcoin until it makes a profit if you don't have a job and an outside source of income? So don't compare bitcoin with a full-time job, as Findingnemo said above, don't compare oranges with apples because that's a meaningless comparison .

No matter how difficult a full-time job is , we will still need it and it is an important part of our lives. If someone has no job or no source of income, I also believe that they will not be able to invest in bitcoin or will never invest successfully if they only borrow to invest and do not work .

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August 03, 2024, 10:29:40 AM
 #34

No matter how difficult a full-time job is , we will still need it and it is an important part of our lives. If someone has no job or no source of income, I also believe that they will not be able to invest in bitcoin or will never invest successfully if they only borrow to invest and do not work .

I can't agree with that. Besides full-time job, there are many other ways to earn money, and quite regularly. Take trading, for example. If you do it well, you can earn not only as much, but also much more than a full-time job. This is especially true for countries with poor, collapsing economies. Then you can invest, not necessarily only in Bitcoin. There are many options for short-term and medium-term investments, the profit from which you can live on and reinvest the investment body.

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August 03, 2024, 01:14:26 PM
 #35

Obtaining Bitcoin and profiting from it can require different amounts of resources, depending on the strategy one chooses. The risk also varies. For example, op mentioned mining, but that requires purchasing and maintaining equipment, as well as dealing with electricity costs. That's not easy, and you need to return your investment into the operations first. Meanwhile, buying a bulk of Bitcoin all at once and holding it for 10 years is fairly simple. DCA is good, but requires some effort and discipline. Trading bots are probably low effort, but I'd say it's a very risky option.
It's not all that simple with Bitcoin.

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August 03, 2024, 01:32:19 PM
 #36

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

 Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?
Investing in Bitcoin is just the same as someone invests on stocks. You get a share and you do nothing and wait until that stock and shares of yours go up in value. But it's more catchy of course because I am in Bitcoin and I've chosen this as in my experience, it's better than of those stocks. If I've got more money to invest, I'd spread my money into a lot of tech stocks and more with Bitcoin. And you know what makes a Bitcoin investor as is? It's because that we keep on checking the prices and this is how volatility does to all of us. We're all concerned of day to day pricing of it although we don't have the intention to sell as of the moment. Unless there's a massive wave of movement that will make us sell and so I did before 2021 bull run and that was a huge mistake on my end that I'll never forget.

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August 03, 2024, 03:29:17 PM
 #37

Well, it's true that making profit in Bitcoin doesn't require you to do anything than just to invest, hold for some period of time and take profit when you reach your expectation. But the reality of making the investment is that you have to work all day, work from Monday to Friday and look at the monitor if that's really the nature of your job, doing all that is so that you can be able to raise the capital which you can invest into Bitcoin and you still need a sustainable income source to rely on, so that you can be able to hold your Bitcoin until you make profit.
Investing in bitcoin does not require a lot of hardwork like other types of investments, but you need a lot of patience and understanding the market’s volatility so that you won’t end up losing and regretting.

But since not everyone can be patient enough seeing new investors these days just want get rich quick profits, then it’s never surprising that only few end up successful with bitcoin investment and a lot are losing. The beauty of bitcoin is not just high profitability, but it’s also how convenient it is to invest even without monitoring the market or the screen 24/7.

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August 03, 2024, 04:39:59 PM
 #38

Quote from: Dr.Bitcoin_Strange
Well, it's true that making profit in Bitcoin doesn't require you to do anything than just to invest, hold for some period of time and take profit when you reach your expectation. But the reality of making the investment is that you have to work all day, work from Monday to Friday and look at the monitor if that's really the nature of your job, doing all that is so that you can be able to raise the capital which you can invest into Bitcoin and you still need a sustainable income source to rely on, so that you can be able to hold your Bitcoin until you make profit.
Investing in BTC will create the opportunity for you to earn profits when the price of BTC pump higher, and it will not stop you not to do other job because all you need to do at the process is to continue hodling the BTC until the bull run occur. I know is not easy to get the money to start the BTC business, because you have to work hard to save what will be enough for you to buy BTC because the plenty of BTC you are hodling will determine the plenty of profits you are going to make when the price pump higher, and it will make you to increase your money whenever the bear run occur in the market again which is the beauty of BTC business.

That is the major strength that helped people to achieve what they want from BTC business, you need to have other sources of income that will make you to be bold not to sell your BTC in the short term because there is a great reward when you sell in long term.

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August 03, 2024, 04:56:26 PM
 #39

I'm interested in knowing how you will get the money you intend using for your investment without having to do a tedious task that's time and effort consuming? It's not even as though Bitcoin investments is a job or carrier that one can choose to do for a living. Before you even invest in Bitcoin or own a Bitcoin, you've got to render a service in some way that gives you some fiat you can convert into Bitcoin or perform a task that gets you paid in Bitcoin. Whichever way you get your Bitcoin through, there is no way you're going to factor out the place of carrying out a task and looking at the screen is the least of them.
I am equally waiting patiently to hear the end part of his story, but it seems he doesn't understand that bitcoin investment is not a free money. For the fact that people make alot of money from bitcoin Investment doesn't mean that bitcoin is totally free or bitcoin investment is the easiest way to make money, because most people who even invested lost the fund by selling it out of panic of market fluctuations. He forgets suddenly that before one can invest in bitcoin one needs to work in any firm, office or have a person business that will generate income that will be used to invest in bitcoin. In conclusion, the fact that bitcoin investment is profitable we shouldn't neglect the fact that the laptop people stire at is the reason behind why most people where able to invest in bitcoin.

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August 03, 2024, 10:29:14 PM
 #40

The one beauty of bitcoin is that bitcoin makes you financial stable and in shorter period of time you can become millionaire or even billionaire so buy, buy, buy and hold, hold, hold.

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