Huliya
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Activity: 175
Merit: 55
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January 13, 2025, 03:53:55 PM |
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Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.
We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.
Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it. You don't know what you are saying, how can you compare Bitcoin to Altcoin, when it comes to being valuable, respected and known Bitcoin is number 1 and has been top of the market since it's existence, it is impossible for Altcoin to lead Bitcoin, have you seen the gap between Bitcoin and Altcoin if you do you won't be saying this, right now a lot of people are accumulating Bitcoin with huge amount of money because they know how valuable it is and will be in the future, and for the fact that this thread is for Bitcoin discussion you don't have to bring Altcoin discussion here in other to mislead my fellow newbies. Bitcoin is still the leader in the cryptocurrency market and is the most valuable, respected and well-known digital currency. You are arguing that Bitcoin should not be compared to altcoins, because Bitcoin is the first and most popular cryptocurrency on the market, which has been at the top for a long time. Altcoins will never achieve the price or significance of Bitcoin. The general public's perception and belief in Bitcoin is certainly very strong. However, altcoins should not be considered completely unimportant. Altcoins can be valuable for their new technology and use in different fields. However, it is not correct to directly compare Bitcoin and altcoins. Both have different roles and are important in their own right. Bitcoin acts as a decentralized financial system, which is not controlled by any central bank or government. Altcoins are all cryptocurrencies other than Bitcoin, which include many types of coins. The total supply of Bitcoin is limited (21 million Bitcoins), which creates the possibility of its price increasing in the long term. The price of Bitcoin may increase further in the future, as its demand is very high. However, the future of altcoins depends on the improvement and use of technology. In some cases, they may be more important than Bitcoin due to their characteristics. We must remember that Bitcoin and altcoins are two different classes of cryptocurrencies, both of which have their own importance and role. Bitcoin is still the market leader, but altcoins may be able to create new possibilities in the future of cryptocurrencies. Beginners should understand the importance of both without getting confused and make the right investment decision. However, it is better to decide to invest in Bitcoin instead of focusing on altcoins right now. The future of Bitcoin is very clear, so let's start investing in Bitcoin without wasting time.
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EclipseXcrypto
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Activity: 120
Merit: 13
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January 13, 2025, 04:20:00 PM |
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Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.
I actually think the opposite in every moment and also in every market cycle because what often follows the flow or the track of price increases and also price decreases in the market are all altcoins, not Bitcoin that follows the track of altcoins because Bitcoin always has a strong foundation and marketcap volume when compared to all altcoins. So it's a bit strange when you say Bitcoin follows the track of altcoins which in terms of marketcap volume are still much lower than Bitcoin. I didn't say that. What I described is an alt season - a time when alts outperform BTC in its price appreciation, so to speak. It usually happens after a period of Bitcoin dominance, which is, with time, going down a bit. It doesn't mean that BTC follows alts, what I meant is - that after BTC rally, there is an alt rally  The information you are trying to pass is actually misleading, its important to stay grounded in the facts than getting persuaded with hype or misleading narratives. Bitcoin is often seen as the only coin with sound fundamentals, there's no way Altcoins can out perform bitcoin. Altcoins often dance to the tune of Bitcoin's movements in the market. Their fate is usually tied to Bitcoin's trajectory. It's like they follow Bitcoin's lead in, bitcoin tends to set the tone for the entire crypto market, making it a key player in determining the overall direction. Many investors get lured in by the flashy promises and potential for high returns that altcoins often advertise. it's crucial to remember that those promises can be misleading and many altcoins end up stagnant or fail to deliver. Sticking with Bitcoin which has proven itself over time is a more reliable for those looking for long-term growth.
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Samlucky O
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January 13, 2025, 04:32:59 PM |
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Keeping money in the bank and keeping money in Bitcoin are never the same, if you keep money in the bank you may get much less interest, but your money will never decrease, Surely I don't think it's totally true, Keeping money in the bank does not guaranteed your money not to decrease. Your money can increase or decrease depending upon the purpose you requested in the bank. A fixed deposit account and savings account are not thesame thing because if you have your money in the Bank on savings, there is no possible annual return rather you will be charged Sms fee and bank maintenance fee. If will be deducted deducted each month till your money will reduce. Let me not go further, I don't discourage you from banking but dont compare bank to Bitcoin Because bank can not yeald a tangible percentage ratio monthly or yearly. Even though surely Bitcoin volatile nature makes it to be unstable where the price is not stable, but it is still preferable than keeping it in fiat that is affected by inflation and unnecessary fees. In another way keeping your fund in the bank is not investment. but buying Bitcoin and hodling is investment. A person who combines all the the three investment strategy to buy Bitcoin for 10years and a person that saves money in the bank for 10years are surely not thesame in terms of profit outcome. That is why it is better to keep important money in the bank,
Money in the bank can be considered as discretion which can be used to settle imidiate and future want or problems. Can also be used for bitcoin investment. and since Bitcoin is unpredictable and Bitcoin never guarantees profit, that is why you must invest Bitcoin with money that you will not need for at least 8 to 10 years.
I think you are misguided or lost here. How can you say Bitcoin does not guarantee profit and yet you say it can be invested 8-10years . If it was not as profitable as that, then why investing for that number of years? Because you/we do not know for sure whether Bitcoin will actually be valuable in the future, we can only guess the possibility, and you should never risk important money based on guesses.
Even a blind man can tell you what Bitcoin is, and how important Bitcoin is, and what it will be in the future. Sometimes the means justifys the end. Bitcoin has done pretty well for over 15years and you are still doubtful about tfhee future, then you don't know what Bitcoin is, if you know you would not sound this way.
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Furious 7
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January 13, 2025, 04:57:20 PM |
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Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
Investing in Bitcoin is not complicated as long as we have a consistent enough intention to continue doing it for a certain duration of time, because people who think that investing in Bitcoin is still complicated and full of challenges are people who are still afraid to invest in Bitcoin so they are still hesitant to buy it under any conditions. So as long as you don't think that a job like investing is complicated, of course you will do it immediately without having to give any particular reason for it, although it is not to take it lightly or lightly, but all of these things always start with intention and also at the level of seriousness in doing it. Actually seeing the conditions that occur now investing in bitcoin for some people does not lead to anything complicated or anything but they are still not ready for the consequences they will receive especially for those who are still new to bitcoin but are starting to be interested in it so I think it is quite natural that there will be concerns about it because I also experienced the same thing when I wanted to start being in bitcoin some time ago but it will not last long because if we really want to try to do something including investing in bitcoin then surely we will try to find anything about bitcoin-related information in the end. The key is from learning and looking for any initial information even though it is still basic but for those beginners or laymen it is an important thing for them to know. When a beginner or those who are laymen want to find out more about bitcoin and learn about it, there will be a stronger desire even though fears and worries still exist but it is not greater than before so for those who do decide to be in bitcoin but still doubt what being in bitcoin is like means they still haven't learned bitcoin properly and that's a sign that they have to look for more information or introduction to bitcoin itself.
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ChocolateBitcoinK
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January 13, 2025, 05:09:05 PM |
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Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.
I actually think the opposite in every moment and also in every market cycle because what often follows the flow or the track of price increases and also price decreases in the market are all altcoins, not Bitcoin that follows the track of altcoins because Bitcoin always has a strong foundation and marketcap volume when compared to all altcoins. So it's a bit strange when you say Bitcoin follows the track of altcoins which in terms of marketcap volume are still much lower than Bitcoin. I didn't say that. What I described is an alt season - a time when alts outperform BTC in its price appreciation, so to speak. It usually happens after a period of Bitcoin dominance, which is, with time, going down a bit. It doesn't mean that BTC follows alts, what I meant is - that after BTC rally, there is an alt rally  The information you are trying to pass is actually misleading, its important to stay grounded in the facts than getting persuaded with hype or misleading narratives. Bitcoin is often seen as the only coin with sound fundamentals, there's no way Altcoins can out perform bitcoin. Altcoins often dance to the tune of Bitcoin's movements in the market. Their fate is usually tied to Bitcoin's trajectory. It's like they follow Bitcoin's lead in, bitcoin tends to set the tone for the entire crypto market, making it a key player in determining the overall direction. Many investors get lured in by the flashy promises and potential for high returns that altcoins often advertise. it's crucial to remember that those promises can be misleading and many altcoins end up stagnant or fail to deliver. Sticking with Bitcoin which has proven itself over time is a more reliable for those looking for long-term growth. Bitcoin has now gained credibility and acceptance among people around the world, almost every altcoin in the crypto market follows the direction of Bitcoin, especially, when the price of Bitcoin fluctuates, most altcoins also fluctuate at the same speed. And that is why Bitcoin is considered the king of crypto. There are also many altcoins that are a kind of scam, they often do not survive in the long term and sometimes cause big losses for investors. In the context of Bitcoin's history and technology, it is really proven that Bitcoin is a safer and more reliable currency for long-term investment, which never disappoints anyone in the long run, Or it is very unlikely to disappoint a investor in the long run holding. Above all, a detailed analysis and good research are essential to invest in the crypto market. Instead of misleading promises, investing in a popular, widely accepted, and established currency like King Bitcoin provides investors with security and the potential for greater returns.
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Zackz5000
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January 13, 2025, 05:56:44 PM |
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Above all, a detailed analysis and good research are essential to invest in the crypto market. Instead of misleading promises, investing in a popular, widely accepted, and established currency like King Bitcoin provides investors with security and the potential for greater returns.
What business does this thread have to do with Crypto why wasting your time and energy trying to make some research on how to invest into shitcoins into what that consume your income you should know that bitcoin is not associated with Crypto as they have nothing in common you can be specific so we can actually know the coin you are talking about if is bitcoin or shitcoins instead of using vague word such as crypto, invest in bitcoin for a long time purpose and have peace of mind instead of putting your income into shitcoins which you might regret at last.
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Tmoonz
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January 13, 2025, 06:20:18 PM |
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Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.
I actually think the opposite in every moment and also in every market cycle because what often follows the flow or the track of price increases and also price decreases in the market are all altcoins, not Bitcoin that follows the track of altcoins because Bitcoin always has a strong foundation and marketcap volume when compared to all altcoins. So it's a bit strange when you say Bitcoin follows the track of altcoins which in terms of marketcap volume are still much lower than Bitcoin. I didn't say that. What I described is an alt season - a time when alts outperform BTC in its price appreciation, so to speak. It usually happens after a period of Bitcoin dominance, which is, with time, going down a bit. It doesn't mean that BTC follows alts, what I meant is - that after BTC rally, there is an alt rally  The information you are trying to pass is actually misleading, its important to stay grounded in the facts than getting persuaded with hype or misleading narratives. Bitcoin is often seen as the only coin with sound fundamentals, there's no way Altcoins can out perform bitcoin. Altcoins often dance to the tune of Bitcoin's movements in the market. Their fate is usually tied to Bitcoin's trajectory. It's like they follow Bitcoin's lead in, bitcoin tends to set the tone for the entire crypto market, making it a key player in determining the overall direction. Many investors get lured in by the flashy promises and potential for high returns that altcoins often advertise. it's crucial to remember that those promises can be misleading and many altcoins end up stagnant or fail to deliver. Sticking with Bitcoin which has proven itself over time is a more reliable for those looking for long-term growth. Bitcoin has now gained credibility and acceptance among people around the world, almost every altcoin in the crypto market follows the direction of Bitcoin, especially, when the price of Bitcoin fluctuates, most altcoins also fluctuate at the same speed. And that is why Bitcoin is considered the king of crypto. There are also many altcoins that are a kind of scam, they often do not survive in the long term and sometimes cause big losses for investors.You are kind suggesting or given some credit to some shit coins, or you kind of say that some shit coins are more shitty than the others whereas they are all the same where attempting to figure out the one that is better than the others can become waste time that should have used to accumulate Bitcoin, it is only Bitcoin that holds a long term potential hence anyone involving in any other coins other than Bitcoin shouldn't be referred to as an investor but rather they should be referred to as traders because they are all held up to maximize short term profit.
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MainIbem
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January 13, 2025, 06:25:50 PM |
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Above all, a detailed analysis and good research are essential to invest in the crypto market. Instead of misleading promises, investing in a popular, widely accepted, and established currency like King Bitcoin provides investors with security and the potential for greater returns.
What business does this thread have to do with Crypto why wasting your time and energy trying to make some research on how to invest into shitcoins into what that consume your income you should know that bitcoin is not associated with Crypto as they have nothing in common you can be specific so we can actually know the coin you are talking about if is bitcoin or shitcoins instead of using vague word such as crypto, invest in bitcoin for a long time purpose and have peace of mind instead of putting your income into shitcoins which you might regret at last. Bitcoin is a Cryptocurrency but not all Cryptocurrencies have long-term investment features like Bitcoin therefore, when talking about Cryptocurrency and relating it with investment, i expect clarity on the specific Cryptocurrency to invest on so as not to confuse newbies that are learning for this thread, the statement seem misleading and linked to trading cause someone that's investing on Bitcoin don't need much of market analysis and many research before investing, merely following this thread or it's likes in the forum would help a new investor to know and understand the concept of Bitcoin investment and how to go about it. Lastly, i won't advise anyone to priotise Shitcoins over Bitcoin, regardless of any research analysis or whatsoever, it's comes with a very high risk, Bitcoin is the best Cryptocurrency for investment and gives greater returns if only an investor is patience and thinks long-term.
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WatChe
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January 13, 2025, 06:40:02 PM |
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Bitcoin has now gained credibility and acceptance among people around the world, almost every altcoin in the crypto market follows the direction of Bitcoin, especially, when the price of Bitcoin fluctuates, most altcoins also fluctuate at the same speed. And that is why Bitcoin is considered the king of crypto.
There are also many altcoins that are a kind of scam, they often do not survive in the long term and sometimes cause big losses for investors.
In the context of Bitcoin's history and technology, it is really proven that Bitcoin is a safer and more reliable currency for long-term investment, which never disappoints anyone in the long run, Or it is very unlikely to disappoint a investor in the long run holding.
Above all, a detailed analysis and good research are essential to invest in the crypto market. Instead of misleading promises, investing in a popular, widely accepted, and established currency like King Bitcoin provides investors with security and the potential for greater returns.
My only option to invest is Bitcoin nothing else. If alts have to follow the pattern of Bitcoin and have short life then why not go for Bitcoin only, why taking chance of investing in alts whose next week fate is not clear. Today Bitcoin difficulty is at it's ATH, which means that now it require more computational power to mine the same number of blocks and this makes the network secure against attacks. This feature is intrinsic to Bitcoin only. No network is so much secure and decentralised then Bitcoin.
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Ever-young
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January 13, 2025, 08:12:08 PM |
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Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
Bitcoin investment complex I don't picture it that way. Assuming you said learning the technicalities of bitcoin is complex, it could have been understandable for me, but saying investing in it is complex, I disagree, at least from my own point of view. You don't need any stress to calculate how much of your earnings you can invest in bitcoin, how long you want to hold it, and what strategy you want to use in buying it. Another area that could have made it complex, which it's not, is buying, because acquiring bitcoin nowadays has been made easier more than ever.
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JayJuanGee
Legendary
Offline
Activity: 4326
Merit: 13878
Self-Custody is a right. Say no to "non-custodial"
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January 13, 2025, 10:32:44 PM |
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Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.
We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.
Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it. Bitcoin is superior and will never rotate dominance with shitcoins because it's a decentralized project and solves some problems, unlike altcoins that don't have potentials. Bitcoin has been confirmed and tested as an asset that has the value to increased overtime. There are a large number of diptwats, and even people who seem smart, who fuck around trading in and out of bitcoin based on their dumb ideas in regards to various manipulated metrics like bitcoin dominance, and so yeah, through bitcoin's history there has been a lot of people trying to sound smart in their descriptions of how their perceptions of how "bitcoin dominance" has changed over the years or during certain "seasons." A decent number of them get r3ckt but they don't necessarily learn lessons from their getting r3ckt or their being distracted into lame talking points (and/or fake or meaningless metrics). It's just like you saying gold and silver rotates dominance... Bitcoin is being adopted and use as a reserve due to the trust and believe on the project as a store of value because it is an edge to inflation. Why didn't the government of some countries adopt altcoin as a reserve because they are for gamblers and not for investors.
Don't speak too soon. Frequently, there are governments and financial institutions that also get attracted and distracted into various shitcoins, too. Whether they do it on purpose or they are just retards is not always clear from the context. New investors should only in bitcoin because bitcoin is for the future and grow your investment weekly with your discretionary income through DCA for 4-10 years and above. Bitcoin price movement controls them shitcoins.
Even though a lot of us recognize and appreciate bitcoin as the superior investment, shitcoins are not going to go away anytime soon... but yeah, sure, it is way better to not get involved in shitcoins, but people are still going to do dumb things.. ..and yeah they are not on topic in this thread, even though some people don't know how to talk about bitcoin without devolving into talking about shitcoins.
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Muba20
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January 14, 2025, 03:46:41 AM |
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Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
Bitcoin investment complex I don't picture it that way. Assuming you said learning the technicalities of bitcoin is complex, it could have been understandable for me, but saying investing in it is complex, I disagree, at least from my own point of view. You don't need any stress to calculate how much of your earnings you can invest in bitcoin, how long you want to hold it, and what strategy you want to use in buying it. Another area that could have made it complex, which it's not, is buying, because acquiring bitcoin nowadays has been made easier more than ever. Investing in Bitcoin is not a complicated process. Investing in Bitcoin is easy if you have basic knowledge and money. An investor only needs to change his perspective. In random investments, the investor will only waste his money and time, on the other hand, investing in Bitcoin will create the possibility of rapid growth of his assets. If the investor can hold Bitcoin for a long time, then he will benefit from it without any stress. The holder does not need to acquire much technical knowledge in investing in Bitcoin. Only if he is able to hold his assets in a safe wallet for a long time, that is enough. In investing here, an investor can be free from human pressure, which is very difficult from any other investment platform.
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laijsica
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January 14, 2025, 05:22:57 AM |
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Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
Bitcoin investment complex I don't picture it that way. Assuming you said learning the technicalities of bitcoin is complex, it could have been understandable for me, but saying investing in it is complex, I disagree, at least from my own point of view. You don't need any stress to calculate how much of your earnings you can invest in bitcoin, how long you want to hold it, and what strategy you want to use in buying it. Another area that could have made it complex, which it's not, is buying, because acquiring bitcoin nowadays has been made easier more than ever. Investing in Bitcoin is not a complicated process. Investing in Bitcoin is easy if you have basic knowledge and money. An investor only needs to change his perspective. In random investments, the investor will only waste his money and time, on the other hand, investing in Bitcoin will create the possibility of rapid growth of his assets. If the investor can hold Bitcoin for a long time, then he will benefit from it without any stress. The holder does not need to acquire much technical knowledge in investing in Bitcoin. Only if he is able to hold his assets in a safe wallet for a long time, that is enough. In investing here, an investor can be free from human pressure, which is very difficult from any other investment platform. It may be easier for you to accumulate Bitcoin if you have a disposable income source and can grow it over time. The technical means of accumulation is having a wallet and the mental preparation that the holding will increase over time. A separate and reliable source of income is 100% prepared to take care of the family. It is easier for financially established individuals to accumulate Bitcoin but it is tempting to trust it and hold it for the long term. To keep Bitcoin safe for a long time try to increase the amount of floating backup funds. For investors with relatively low incomes it is important to continue to deposit any amount according to the rules and consistently every cycle. Yes it is important to keep yourself stress free to keep holding Bitcoin for a long time where you try to have a platform to implement your strategy. Establish a specific strategy for running Bitcoin deposits, such as increasing discretionary income and floating cash at the end of the week.
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Barikui1
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January 14, 2025, 06:24:45 AM Merited by JayJuanGee (1) |
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Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
Bitcoin investment complex I don't picture it that way. Assuming you said learning the technicalities of bitcoin is complex, it could have been understandable for me, but saying investing in it is complex, I disagree, at least from my own point of view. You don't need any stress to calculate how much of your earnings you can invest in bitcoin, how long you want to hold it, and what strategy you want to use in buying it. Another area that could have made it complex, which it's not, is buying, because acquiring bitcoin nowadays has been made easier more than ever. Investing in Bitcoin is not a complicated process. Investing in Bitcoin is easy if you have basic knowledge and money. An investor only needs to change his perspective. In random investments, the investor will only waste his money and time, on the other hand, investing in Bitcoin will create the possibility of rapid growth of his assets. If the investor can hold Bitcoin for a long time, then he will benefit from it without any stress. The holder does not need to acquire much technical knowledge in investing in Bitcoin. Only if he is able to hold his assets in a safe wallet for a long time, that is enough. In investing here, an investor can be free from human pressure, which is very difficult from any other investment platform. It may be easier for you to accumulate Bitcoin if you have a disposable income source and can grow it over time. The technical means of accumulation is having a wallet and the mental preparation that the holding will increase over time. A separate and reliable source of income is 100% prepared to take care of the family. It is easier for financially established individuals to accumulate Bitcoin but it is tempting to trust it and hold it for the long term. To keep Bitcoin safe for a long time try to increase the amount of floating backup funds. For investors with relatively low incomes it is important to continue to deposit any amount according to the rules and consistently every cycle. Yes it is important to keep yourself stress free to keep holding Bitcoin for a long time where you try to have a platform to implement your strategy. Establish a specific strategy for running Bitcoin deposits, such as increasing discretionary income and floating cash at the end of the week. You don't actually needs to be complicating when talking about acquiring Bitcoin, let's be just straight forward about it, it's either you accumulate it through the DCA accumulating strategy, you buy through the lumps sum method or you buy anytime you have money you can do away with for a very long period of time. Then as for the part of holding resiliently, it's a total different thing altogether, it all boils down to you having a reliable source of income available that you will use in financing your basic expenses in your daily lives, and an emergency fund kept aside so that you can address any emergencies that may arise in the future without you tempering with your holdings. So having an emergency funds and a source of income is very much important in your ability to keep to your investment on the longer run, because without it, it's just a matter of time before your start tempering with your investment anytime you are faced with serious financial burden that may arise.
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Tungbulu
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January 14, 2025, 06:41:23 AM Merited by JayJuanGee (1) |
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Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.
We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.
Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it. Bitcoin is superior and will never rotate dominance with shitcoins because it's a decentralized project and solves some problems, unlike altcoins that don't have potentials. Bitcoin has been confirmed and tested as an asset that has the value to increased overtime. There are a large number of diptwats, and even people who seem smart, who fuck around trading in and out of bitcoin based on their dumb ideas in regards to various manipulated metrics like bitcoin dominance, and so yeah, through bitcoin's history there has been a lot of people trying to sound smart in their descriptions of how their perceptions of how "bitcoin dominance" has changed over the years or during certain "seasons." A decent number of them get r3ckt but they don't necessarily learn lessons from their getting r3ckt or their being distracted into lame talking points (and/or fake or meaningless metrics). Trust me, I can relate 100% to what you’re saying! Of course, there are many ignorant people out there willing to trade in and out of Bitcoin based on silly indicators such as dominance and I’ve seen so many of them around. And it’s cracking my bones that some pull off and pose themselves as intelligent, as if they are offering deep and broad opinion while in reality they are nothing but mere verbosity. And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!
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milewilda
Legendary
Offline
Activity: 3570
Merit: 1178
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January 14, 2025, 07:25:08 AM |
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Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
Bitcoin investment complex I don't picture it that way. Assuming you said learning the technicalities of bitcoin is complex, it could have been understandable for me, but saying investing in it is complex, I disagree, at least from my own point of view. You don't need any stress to calculate how much of your earnings you can invest in bitcoin, how long you want to hold it, and what strategy you want to use in buying it. Another area that could have made it complex, which it's not, is buying, because acquiring bitcoin nowadays has been made easier more than ever. Investing in Bitcoin is not a complicated process. Investing in Bitcoin is easy if you have basic knowledge and money. An investor only needs to change his perspective. In random investments, the investor will only waste his money and time, on the other hand, investing in Bitcoin will create the possibility of rapid growth of his assets. If the investor can hold Bitcoin for a long time, then he will benefit from it without any stress. The holder does not need to acquire much technical knowledge in investing in Bitcoin. Only if he is able to hold his assets in a safe wallet for a long time, that is enough. In investing here, an investor can be free from human pressure, which is very difficult from any other investment platform. It may be easier for you to accumulate Bitcoin if you have a disposable income source and can grow it over time. The technical means of accumulation is having a wallet and the mental preparation that the holding will increase over time. A separate and reliable source of income is 100% prepared to take care of the family. It is easier for financially established individuals to accumulate Bitcoin but it is tempting to trust it and hold it for the long term. To keep Bitcoin safe for a long time try to increase the amount of floating backup funds. For investors with relatively low incomes it is important to continue to deposit any amount according to the rules and consistently every cycle. Yes it is important to keep yourself stress free to keep holding Bitcoin for a long time where you try to have a platform to implement your strategy. Establish a specific strategy for running Bitcoin deposits, such as increasing discretionary income and floating cash at the end of the week. You don't actually needs to be complicating when talking about acquiring Bitcoin, let's be just straight forward about it, it's either you accumulate it through the DCA accumulating strategy, you buy through the lumps sum method or you buy anytime you have money you can do away with for a very long period of time. Then as for the part of holding resiliently, it's a total different thing altogether, it all boils down to you having a reliable source of income available that you will use in financing your basic expenses in your daily lives, and an emergency fund kept aside so that you can address any emergencies that may arise in the future without you tempering with your holdings. So having an emergency funds and a source of income is very much important in your ability to keep to your investment on the longer run, because without it, it's just a matter of time before your start tempering with your investment anytime you are faced with serious financial burden that may arise. Totally depends into your preference because if you are really that not wanting to complicate things up then you would really be just that needing up to hold up your coin. If you are someone whose really that wanting to have that wanting to make money or profits in short time. It will be that just basing into your risks management because there are those who are risks takers and there are ones who doesnt really like to take up such action and thats why they have decided to hold up their coins and wont be doing something. The most important approach on here is to secure your profits on the moment that you will be having that opportunity but of course everything will be that depending on your preference because not all will really be that having that same mentality. When you do step your foot into this market then make it sure that you are really that wary on how this market moves and on how it will really be that this kind of changes on which if you are that wary when it comes into this manner then you do have at least the idea on what you are doing since you do know on what you are dealing on with. So it will be just that depending on which path you would really be taking into. On the moment that you will be making up decisions then make it sure that this is something that you wont be regretting on the actions you had made out. Just make it sure that you had applied some analysis and doesnt really that rely or depends on on some intuition calls because it will be that everything be changes up.
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sotelorene
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January 14, 2025, 08:53:39 AM |
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Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
Bitcoin investment complex I don't picture it that way. Assuming you said learning the technicalities of bitcoin is complex, it could have been understandable for me, but saying investing in it is complex, I disagree, at least from my own point of view. You don't need any stress to calculate how much of your earnings you can invest in bitcoin, how long you want to hold it, and what strategy you want to use in buying it. Another area that could have made it complex, which it's not, is buying, because acquiring bitcoin nowadays has been made easier more than ever. I think i understand what the op was trying to say and i think what he was trying to say is that investing in bitcoin and holding it for a very long period of time can be very challenging because of some unforeseen circumstances that may or will try to push an invest or would i say make them want to touch their holding thereby spoiling the whole idea, target and plan. However, being consistent is not also easy even though some investors will claim it to be and apart from being consistent too some investors encounter financial challenge sometimes as a result of source income depreciation and which off course can make an invest not to be steady with a particular amount so i think these are what the op was trying to say.
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JayJuanGee
Legendary
Offline
Activity: 4326
Merit: 13878
Self-Custody is a right. Say no to "non-custodial"
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January 14, 2025, 09:02:14 AM |
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Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
Bitcoin investment complex I don't picture it that way. Assuming you said learning the technicalities of bitcoin is complex, it could have been understandable for me, but saying investing in it is complex, I disagree, at least from my own point of view. You don't need any stress to calculate how much of your earnings you can invest in bitcoin, how long you want to hold it, and what strategy you want to use in buying it. Another area that could have made it complex, which it's not, is buying, because acquiring bitcoin nowadays has been made easier more than ever. Investing in Bitcoin is not a complicated process. Investing in Bitcoin is easy if you have basic knowledge and money. An investor only needs to change his perspective. In random investments, the investor will only waste his money and time, on the other hand, investing in Bitcoin will create the possibility of rapid growth of his assets. If the investor can hold Bitcoin for a long time, then he will benefit from it without any stress. The holder does not need to acquire much technical knowledge in investing in Bitcoin. Only if he is able to hold his assets in a safe wallet for a long time, that is enough. In investing here, an investor can be free from human pressure, which is very difficult from any other investment platform. It may be easier for you to accumulate Bitcoin if you have a disposable income source and can grow it over time. The technical means of accumulation is having a wallet and the mental preparation that the holding will increase over time. A separate and reliable source of income is 100% prepared to take care of the family. It is easier for financially established individuals to accumulate Bitcoin but it is tempting to trust it and hold it for the long term. To keep Bitcoin safe for a long time try to increase the amount of floating backup funds. For investors with relatively low incomes it is important to continue to deposit any amount according to the rules and consistently every cycle. Yes it is important to keep yourself stress free to keep holding Bitcoin for a long time where you try to have a platform to implement your strategy. Establish a specific strategy for running Bitcoin deposits, such as increasing discretionary income and floating cash at the end of the week. You don't actually needs to be complicating when talking about acquiring Bitcoin, let's be just straight forward about it, it's either you accumulate it through the DCA accumulating strategy, you buy through the lumps sum method or you buy anytime you have money you can do away with for a very long period of time. Then as for the part of holding resiliently, it's a total different thing altogether, it all boils down to you having a reliable source of income available that you will use in financing your basic expenses in your daily lives, and an emergency fund kept aside so that you can address any emergencies that may arise in the future without you tempering with your holdings. So having an emergency funds and a source of income is very much important in your ability to keep to your investment on the longer run, because without it, it's just a matter of time before your start tempering with your investment anytime you are faced with serious financial burden that may arise. Totally depends into your preference because if you are really that not wanting to complicate things up then you would really be just that needing up to hold up your coin. If you are someone whose really that wanting to have that wanting to make money or profits in short time. It will be that just basing into your risks management because there are those who are risks takers and there are ones who doesnt really like to take up such action and thats why they have decided to hold up their coins and wont be doing something. The most important approach on here is to secure your profits on the moment that you will be having that opportunity but of course everything will be that depending on your preference because not all will really be that having that same mentality. When you do step your foot into this market then make it sure that you are really that wary on how this market moves and on how it will really be that this kind of changes on which if you are that wary when it comes into this manner then you do have at least the idea on what you are doing since you do know on what you are dealing on with. So it will be just that depending on which path you would really be taking into. On the moment that you will be making up decisions then make it sure that this is something that you wont be regretting on the actions you had made out. Just make it sure that you had applied some analysis and doesnt really that rely or depends on on some intuition calls because it will be that everything be changes up. Sometimes I get confused when I read posts that are describing profits and risk management as if we are trading prior to having had accumulated a decent BTC stash. Selling BTC is not accumulating BTC and does not seem to be part of risk management nonsense especially for beginners who should be focusing on ongoing, persistent, consistent and perhaps even aggressive buying of BTC... weekly or whatever else within our means... so the main thing is to keep buying no matter what. and try NOT to run out money or to get reckt along the way... .. so yeah.. make sure the emergency fund never gets below a certain amount and make sure that if income goes down or expenses go up that there are back up funds or even float to cover those kinds of fluctuations.. and after ongoingly doing this for 1-2 cycles (or perhaps more?) your BTC stash size will start to inform you the extent to which to modify what you are doing and whether you have gotten to a stage in which selling (or profits) might be a relevant consideration.. .. I would presume most guys to currently be "in profits" but hardly have shit for a BTC stash, so they have to keep stacking and not getting diverted by their being "in profits," and so the main risk management is to not run out of money to keep buying BTC every single week if possible.. perhaps 4-8 years steady before the system might be able to be tweaked towards some other variation. Sure milewilda.. you have been registered on the forum since late 2015, so you have already crossed over 9 years, and sure you might be transitioning to some other stage of your journey where you might have more flexibility than some of the other guys here.. but you write your posts with seeming assumptions that guys have already gotten to a sufficient and/or adequate stage of BTC accumulation (and I question even if you have based on your own ongoing harping on profits or risk management that seems to relate to profit-taking).. .. It does not seems to be a safe presumption to be suggesting that very many posters have actually reached enough or more than enough BTC that they can start to move away from practices of ongoing accumulation of BTC on a regular, persistent and consistent basis. You also mention applying analysis. Why does any guy need to apply analysis? We are either still accumulating bitcoin or we aren't. Where does the analysis come in? You trying to trade this? You slowing down as the BTC price goes up? Sure maybe you can do it, but even in your case if you have not reached an overaccumution state, what is the purpose of your supposed analysis? Ultimately of course you can do what you like, but your message is a bit confusing since you seem to be talking about long term investing yet considering that some trading techniques are going to help a person to get to his higher levels of accumulation faster, which causes me to speculate that you might be suggesting to either sell on the way up or to back off with BTC accumulation techniques based on BTC price movements, which yeah, it might possibly work for someone who reached a higher stack size, yet even that seems to be a pretty lame approach to be suggesting that buys are going to be able to time their buys or potentially sells by doing BTC market analysis... We have a lot of dumb market analysis out there so your general reference to market analysis is not really helpful in regards to how something like that might apply.. except that you have some vague ideas about your supposedly knowing where the BTC price might be going in advance?
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Gooner0
Member

Offline
Activity: 169
Merit: 14
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January 14, 2025, 09:02:47 AM |
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Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
Bitcoin investment complex I don't picture it that way. Assuming you said learning the technicalities of bitcoin is complex, it could have been understandable for me, but saying investing in it is complex, I disagree, at least from my own point of view. You don't need any stress to calculate how much of your earnings you can invest in bitcoin, how long you want to hold it, and what strategy you want to use in buying it. Another area that could have made it complex, which it's not, is buying, because acquiring bitcoin nowadays has been made easier more than ever. I think i understand what the op was trying to say and i think what he was trying to say is that investing in bitcoin and holding it for a very long period of time can be very challenging because of some unforeseen circumstances that may or will try to push an invest or would i say make them want to touch their holding thereby spoiling the whole idea, target and plan. However, being consistent is not also easy even though some investors will claim it to be and apart from being consistent too some investors encounter financial challenge sometimes as a result of source income depreciation and which off course can make an invest not to be steady with a particular amount so i think these are what the op was trying to say. A true investor who has high hopes in his/her investments , who definitely knows what good can come from those investments wouldn't take the risk off cashing in on an investment that has yeilded little or sometimes no return. Yes probably holding for a long time might seem tough but it clearly shows you lacked determination right from the very start. Because if you should know the kind of investment you are heading into , and then you fully understand that in this kind of investment you need to be a long term holder in other to achieve success in your investments. You should create takes that can seemingly be a form of distraction for you, or maybe something that could also literally see you earn a little so that your mind would be off your holdings. Like I said. Also determination matters, if the OP was determined from onset then I see no reason why selling because of financial instabilities when the time is not yet ripe should even criss your thoughts.
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DubemIfedigbo001
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January 14, 2025, 09:09:45 AM |
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And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!
It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds. From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.
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