Topic: BEEN IN THIS GAME FOR 6 YEARS (Read 2498 times)
It is really hard to get in if you are thinking of how much you will make in few months because that might never happen. Nobody knows BTC will even reach 20k. When I first know bitcoin in 2014, I do not even understand that it is possible for the price to go up. I downloaded the desktop wallet much time without even buying any coin into it. It was not even possible to exchange it in my country at that time. But today each and everyone that have seen the potentials is now blaming why they didn't buy when the price was less. I believe history will repeat itself one day when people start blaming themselves for not buying today.
Is hard to get millionares from 0, and also cost of bitcoin is huge for people to invest now, but if want people should start now and to try to get bitcoin on all ways.
People are skeptical during early years about Bitcoin and crypto even until now. We can't blame them not getting involve because of the high risk involve and yet it is. Crypto market offers valuable opportunities but traders have to be more educated and study the ecosystem very well to help lower the risk, with proper analysis the higher chance you will succeed.
Yes being educated about the ecosystem makes you more aware on what is happening. Those people are laughing because they don't believe on him because first of all they know nothing about bitcoin. This is one problem of people, we tend to ignore the things we dont understand and not analyzing if there is a point or opportunity there. It is important to be knowledgeable everyday in this fast changing digital world so we can be an early adopters on something. Imagine if we adopt bitcoin on the first time we heard it, I believe we are millionaires now already.
And I can't say I disagree with it at all. That said, though, how much of what we consider factual knowledge is indeed relevant information that allows us to make decisions based on rational considerations? Much of that would be no more than our elaborate rationalizations and ad hoc explanations, with the implication being that we would still be losing, even though in a different way than if we were just relying on luck and making wild guesses about future price action. Put differently, you can be uninformed and you can be misinformed, but in either case your results will suffer
It's more like gambling than trading, In trading the risk is lower through analysis of the market and trough the knowledge of trading, in gambling it's just a pure luck. I think you should not trade instead you should go to gambling and test your luck, what's the essence of trading when you basis is just luck? Gambling is for luck however, trading is for strategy and knowledgeTrading is not particularly different
With gambling, I mean with games of chance, most people understand that their only hope to win is luck, and it doesn't raise questions, in general. With trading, however, people think that it is not luck, and well, it is not. But that knowledge on its own doesn't make trading very different from gambling for the fast majority of people
You should have valuable and relevant information (apart from expertise) that would make it different, and have it before anyone else. Otherwise, your trades will be just as random as the outcomes of dice, even if you think they are not (but technically, you can think that way with respect to dice too, after all)
I can appreciate you for predicting it correctly, but the thing is, it is indeed really really unpredictable. Definitely many predictions come true and even I am optimistic about bitcoins future but as honest as I would be, truly, even I have doubts regarding it because, doubt is essential to belief and 0.1 btc can surely be attainable, but I think it's better to buy altcoins than to hold 0.1 btc now. Even if Bitcoin reaches $100000, it will just be 10x returns based on today's price.
Yes maybe OP either just get lucky or he really knows the market so well, but like what you have said, market is very unstable and it cannot be predicted as of now, so I can say that whales are still manipulating it, just hold your bitcoin now it will be the safest thing that you may do, because bitcoin will pump any time, when bitcoin pump sometimes altcoin dumps, so I think not converting your bitcoin will be the good idea now.
I'm a type trader who are not relying on luck because I'm not lucky after all and there is no guarantee of returns if I will rely my decision to it. My decisions are often from the data that I learned in different researches and studies. Through experience, I manage to handle risks and I'm now used on what is happening in the market
I agree with you, I did not believe in luck in trading, maybe in gambling I would believe that but I think it is not applicable here so we need to research and understand the cryptocurrency market as well, just continue to trade, sometimes we lose but we learn.
I'm a type trader who are not relying on luck because I'm not lucky after all and there is no guarantee of returns if I will rely my decision to it. My decisions are often from the data that I learned in different researches and studies. Through experience, I manage to handle risks and I'm now used on what is happening in the market
I definitely see your point
And I can't say I disagree with it at all. That said, though, how much of what we consider factual knowledge is indeed relevant information that allows us to make decisions based on rational considerations? Much of that would be no more than our elaborate rationalizations and ad hoc explanations, with the implication being that we would still be losing, even though in a different way than if we were just relying on luck and making wild guesses about future price action. Put differently, you can be uninformed and you can be misinformed, but in either case your results will suffer
Just a suggestion for KnightElite, if you are depending on luck in your trade, you should not trade at all.
I don't want to win some hearts from now on. They blamed me for losing a lot during the bull run after educating them that invest what they could afford to lose. I'm firm with the idea of holding and the others are too. We just have to let them decide if they really understand the fundamentals of bitcoin not because of the idea they have that it's a rich quick investment.
maybe you are wrong in giving an explanation to your friends, or maybe your friends have bad hearing, indeed 6 years Bitcoin has shown a good increase, I know Bitcoin has been 3 years, I didn't sell it in 2017 so i regretful, I'm still new and don't have any experience first, and if you buy bitcoin in 2015-2016 it looks like you are already rich.
I didn't give a wrong explanation about bitcoin to them. They mistakenly bought it during the highest and sold because of the panic at the bearish. That's why I give up, it doesn't matter anymore if I will win some hearts from the people I know. It's better to talk with a stranger that asks you randomly about it.
I'm a type trader who are not relying on luck because I'm not lucky after all and there is no guarantee of returns if I will rely my decision to it. My decisions are often from the data that I learned in different researches and studies. Through experience, I manage to handle risks and I'm now used on what is happening in the market
I definitely see your point
And I can't say I disagree with it at all. That said, though, how much of what we consider factual knowledge is indeed relevant information that allows us to make decisions based on rational considerations? Much of that would be no more than our elaborate rationalizations and ad hoc explanations, with the implication being that we would still be losing, even though in a different way than if we were just relying on luck and making wild guesses about future price action. Put differently, you can be uninformed and you can be misinformed, but in either case your results will suffer
I can appreciate you for predicting it correctly, but the thing is, it is indeed really really unpredictable. Definitely many predictions come true and even I am optimistic about bitcoins future but as honest as I would be, truly, even I have doubts regarding it because, doubt is essential to belief and 0.1 btc can surely be attainable, but I think it's better to buy altcoins than to hold 0.1 btc now. Even if Bitcoin reaches $100000, it will just be 10x returns based on today's price
With altcoins you would be even more gambling
If you are lucky and invest in an altcoin which price goes through the roof, then you will be able to make handsome returns as there are going to be pumps of certain altcoins, which we see happening now and then, followed by inevitable dumps. However, you will need to be extremely lucky to catch these coins as well as these moments (read, enter the coin at the right time and leave it at the right time) as these occurrences will be rare and far in between
Overall, I expect the altcoin market to shrink further in the coming months and years, with the implication being that Bitcoin's domination is going to increase, while the price of altcoins to dump in Bitcoin prices. And it seems to be not even a question of if but rather a question of how much the altcoin market is going to get decimated. People have learned it the hard way that the only reliable coin out there is Bitcoin itself
I do think that with time comes great experience and I do think that that's what people look for when they ask about advice .
But there is another thing that a person is bound to have other than experience and that is the art of speaking and getting heard.
You have to be confident and tell them how this market works and I do think that crypto market does not go according to any prediction or stuff but it makes people run for their money in an instant and make them a millionaire when they least expect it .
It's a funny business but it has revolutionized the world at the same time.
But there is another thing that a person is bound to have other than experience and that is the art of speaking and getting heard.
You have to be confident and tell them how this market works and I do think that crypto market does not go according to any prediction or stuff but it makes people run for their money in an instant and make them a millionaire when they least expect it .
It's a funny business but it has revolutionized the world at the same time.
I don't want to win some hearts from now on. They blamed me for losing a lot during the bull run after educating them that invest what they could afford to lose. I'm firm with the idea of holding and the others are too. We just have to let them decide if they really understand the fundamentals of bitcoin not because of the idea they have that it's a rich quick investment.
maybe you are wrong in giving an explanation to your friends, or maybe your friends have bad hearing, indeed 6 years Bitcoin has shown a good increase, I know Bitcoin has been 3 years, I didn't sell it in 2017 so i regretful, I'm still new and don't have any experience first, and if you buy bitcoin in 2015-2016 it looks like you are already rich.
I don't want to win some hearts from now on. They blamed me for losing a lot during the bull run after educating them that invest what they could afford to lose. I'm firm with the idea of holding and the others are too. We just have to let them decide if they really understand the fundamentals of bitcoin not because of the idea they have that it's a rich quick investment.
I can appreciate you for predicting it correctly, but the thing is, it is indeed really really unpredictable. Definitely many predictions come true and even I am optimistic about bitcoins future but as honest as I would be, truly, even I have doubts regarding it because, doubt is essential to belief and 0.1 btc can surely be attainable, but I think it's better to buy altcoins than to hold 0.1 btc now. Even if Bitcoin reaches $100000, it will just be 10x returns based on today's price
With altcoins you would be even more gambling
If you are lucky and invest in an altcoin which price goes through the roof, then you will be able to make handsome returns as there are going to be pumps of certain altcoins, which we see happening now and then, followed by inevitable dumps. However, you will need to be extremely lucky to catch these coins as well as these moments (read, enter the coin at the right time and leave it at the right time) as these occurrences will be rare and far in between
Overall, I expect the altcoin market to shrink further in the coming months and years, with the implication being that Bitcoin's domination is going to increase, while the price of altcoins to dump in Bitcoin prices. And it seems to be not even a question of if but rather a question of how much the altcoin market is going to get decimated. People have learned it the hard way that the only reliable coin out there is Bitcoin itself
I can appreciate you for predicting it correctly, but the thing is, it is indeed really really unpredictable. Definitely many predictions come true and even I am optimistic about bitcoins future but as honest as I would be, truly, even I have doubts regarding it because, doubt is essential to belief and 0.1 btc can surely be attainable, but I think it's better to buy altcoins than to hold 0.1 btc now. Even if Bitcoin reaches $100000, it will just be 10x returns based on today's price.
Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.
I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.
In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.
I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.
I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.
In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.
I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.
Price predictions are the hole that crypto holders and traders fall into when done emotionally.
This is just human nature in action. Honestly, we are into something because we are expecting to get from it. In other words, we are always thinking "what's in it for me" whenever we are venturing into something and this kind of mindset is very much present in the world and market of cryptocurrency, hence we are always encountering a huge speculative volume here. I would not say this is bad but, of course, we are looking for growth in other areas like the real adoption where people are really using Bitcoin as a currency in our lives every day, but we know that this is where the biggest challenges is. With Bitcoin as a store of value and possible haven, in my view this cryptocurrency is quite on that.
Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.
I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.
In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.
I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.
I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.
In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.
I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.
Price predictions are the hole that crypto holders and traders fall into when done emotionally.
I've been in this field for about 7 years or so and I have learned a lot, I was there when the bitcoin price was only $ 230 or so and the price touched its ATH. One thing that I want to do right now (which I didn't do in the past) is collecting bitcoin as much as possible, I regret when people told me that bitcoin would hit 15k or even more, at first I thought it couldn't happen but now I believe anything is possible, people are speculating that bitcoin can hit $ 100k, it's better for me to prepare.
One thing which strikes me based on my experience is that no matter the market may rise and fall badly as well but one should keep buying at regular intervals . If market has fallen then it’s time to buy more of the budget allows and not to sell in the panics mode beacuse in the long run it will give you good returns .
Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.
I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.
In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.
I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.
I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.
In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.
I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.
I have a true story, something like that's, when bitcoin price only a few hundred dollar ( $200-$300 ) my brother-in-law says, you will be rich if bitcoin can reach $10.000 you own 3BTC now, but i not responding to him, i says is something imposible, but now im very frustation, i sell my 3 bitcoin in $1000
if i hold my 3 bitcoin right now i own $30.000 its not a litle money, now i trying to hold bitcoin as much as possible.
Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.
I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.
In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.
I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.
I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.
In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.
I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.
I have a true story, something like that's, when bitcoin price only a few hundred dollar ( $200-$300 ) my brother-in-law says, you will be rich if bitcoin can reach $10.000 you own 3BTC now, but i not responding to him, i says is something imposible, but now im very frustation, i sell my 3 bitcoin in $1000
if i hold my 3 bitcoin right now i own $30.000 its not a litle money, now i trying to hold bitcoin as much as possible.
Many people regretted spending their Bitcoin because, they don't know that it would become a high value asset in the present. Like my friend, who have a couple of Bitcoin years ago and have spent it on buying online products losing his asset that would have make him wealthy in the present. Maybe years from now, if people would not have hold Bitcoin, maybe they would again regret selling it instead of holding. Investing in Bitcoin is good and also risky but, we should trust it and whatever might happen, keep it, because I think Bitcoin has a lot of potential in the future.
But it was because of people like your friend that bitcoin reached the place where it is today, we cannot hoard our bitcoin forever or it is never going to become a currency that is actually used through the world and if that does not happens then we are never going to see bitcoin reaching the high prices that everyone wants, as you can see we are in a very interesting position, we need that people use bitcoin but they do not want to do it because they do not want to miss that growth but if they do not spend it then that growth will never come. Jump to: