Topic: BEEN IN THIS GAME FOR 6 YEARS - page 8. (Read 2527 times)

This is a process we all have to go through, at the beginning we are inexperienced and we are very susceptible to the movements of the market, many aspirant traders never survive this particular phase and they lose their money and leave the market to never return, for the few traders that make it through then they learn that such huge and sudden movements in the price of bitcoin are simply part of it and if you can you should take advantage of them.

Bitcoin is good in terms of mode of payment. Like what you said, there are now government whonare favor to use bitcoin in their economy. There is a research about how will bitcoin can solve different economical problems.

still need time for Bitcoin to be at a higher level than this, some experts have given a statement that Bitcoin will be like gold, and that makes Bitcoin very popular,
especially now that several state governments have also supported it, this will be an interesting storyline for Bitcoin

People that just got into the world of cryptocurrency are mostly confuse about what is happening in the market, they just adopted the hype but never the cryptocurrency itself, that is why they are expecting that they will always get profits as long as they are continuing investing on it, so when the bearish market comes, they will start to runt and complains about bitcoin, like it is a scam, a fraud, and so on.

That is good advice, there is no point stressing our self on what we cannot change, we cannot even change the hands of time which I know that many of us would have been capable of trying to do that if we can. There are a still lot of prices that is still very cheap for us to buy, and this price now is really even cheap that we can buy as many as possible because in future, the story then would also be what he said.

Many people that are not purchasing now would be regretting not doing so because they also don’t know the price would grow as much as it grew then, so in a way not to join them in talking about mistakes again then, it is better we buy bitcoin and just hold it till future no matter how small the quantity may be, it will still be there for us in future.

Perfect market doesn't exist. Bitcoin will not forever will go bullish. There is a cycle that all of us should understand. Also take note that do not believe to the prediction of other people because it just a pure hunch and hope. It is better we will focus on price movement of the bitcoin than to believe to the fake gurus.

Failures leads to disappoint, a challenge that we need to pass in order to carry on what we started, if we think Bitcoin failed us and decided to quit, all of our hard works would be gone for nothing. I know it's not easy to survive every battle we're facing whenever the market is testing our courage on how long could we last, many of us had lost and there are some who are not giving up on their battle.

And that's the most important, if we fail, then we try again, and learn, repeating the cycle will gives us advantages to gain profits in the future, don't think about avoiding mistakes cause you will just make a ton of mistakes, embrace it and learn from it.

If a person really wants to learn how to trade in any exchanges, we are now in a world where most of the knowledge can be obtained and learned through surfing the internet. I want to share my experience in trading. Before, I am depositing small amount of money to an exchange just for the sake of trying it. The more I spend small deposit, the more I can see the loss of my profit. As time passes by, my experience thought me allot of things about trading. We just need a head start or simple knowledge and the rest will be discovered by ourselves.

We all experienced disappoint when it comes to bitcoin's price in the starting year of 2018 that most cryptocurrencies experience a huge downfall due to scams, but even though that it all happen we still need to have faith in bitcoin because it can still help us to reach our goals and to be rich, that is why there are a lot of predictions that in the year of 2020 or 2021 bitcoin could regain it's price back up to $20,000 again.

-I'll pay with Bitcoin.
-What?
-The currency of the future!
-Great, come back in the future!

I've been there, laughed at, treated like a snake oil peddler. Then 2 years later the same people were messaging me. -Hey, where did you bitcoin, which wallet should I choose?

A year later.

Hey, do you have some Bitcoin for sale? I'll buy from you!

Such people really need to have faith in bitcoin because it is the king of all crypto currencies and it has been almost decade for bitcoin since its launching and it is still surviving the hardships of crypto market. This is a strong signal for those who are confused about investing into bitcoin that this coin is going to stay there forever and it is normal for bitcoin to decrease in value because only then it pumps.

If people find it beneficial then they will invest in it and you cannot someone who are not interested in a market and more over it is not that easy to make someone who has no experience in the forex or stock market to make them understand how the market works, i am in this market for a while and i have seen the ups and downs in the market and i never had a loss in this market and i had the opportunity to invest when the price was really low compared to the current valuation.

The truth about risk is that, many people wouldn't take it even if it is a physical goods that is rumoured to increase as a result of scarcity, those people just want a normal, usual and determined process and outcomes. More like a flag that would accept more or less, the circumstances as it comes.
In the case of bitcoin, I think it is not risk but fear and lack of knowledge. They fear of investing in what they can't hold nor the physical address of the second party.

Easy. That's because you've known Bitcoin since 2013. I'm guessing, it has become a norm for you now, and wouldn't panic, flinch whenever Bitcoin's price drops for a few hundred. But then again, as I said, you've known Bitcoin for a long time, which also means you have Bitcoin since 2013. If my assumptions are correct, if I would be in the same shoes as you are, even this would be funny for me. Because compared to the price of 2013 to 2019(?) is a very big discrepancy, hence if I bought Bitcoin then--I have nothing to lose now, even it drops like $3000 I would still have profits. It's unlikely that Bitcoin will drop at $500. But for people who have known Bitcoin for months or even a year or two, they would still feel anxious and unsure about what to do. Not that they're inexeperience or anything but, they bought Bitcoin as it is now (believe me people do that).


I would argue on that. Experience isn't ALWAYS the best teacher, don't get me wrong it is the BEST teacher, but not ALWAYS. Why you asked(?) Because experience gives different impressions to different people, e.g. Gambler A, place a bet of halves (halving) of what he has (let's say his spare coins). Then Gambler B, place a bet of quarters (also halving but in quarters) instead. Gambler A won and gained 50%, while Gambler B only won 25%. So, Gambler B tried to bet half of what he has, but he lost--in the end, he lose 50%. While Gambler A bet for a 25% this time and also lost, but he only loses 25%--in the end, he still gained 25%. So if Gambler B sticks to his strategy he wouldn't have lost--a win-lose of 25% will be a stalemate. While Gambler A played for a safer strategy, after winning 50% only use 25% for a stalemate just in case.

So next time I think Gambler A will stick to his strategy and Gambler B will be undecided.

Been here in 2017 and saw the peak in December that year and I would say that it's one of the greatest thing I've discovered since joining crypto-sphere. Yes, I did gain experienced in 2018, to be calm and not panic specially when we hit $3100. Now I've gained so much experienced that I didn't get excited unless I see new all-time-high again. Lots of ups and downs, but that's the nature of crypto, you have to be prepared for the worst situations.

True, experience is always  the best teacher. I started bitcoin in the mid of 2015 and register here at  January 2016. Almost 4 years now and  had witness several  ups and downs. As you become familiar the movement, you become resilient and calm. Let the market move on its own and if you plan for long term, nothing to worry in my opinion.

It is good to hear your plans. You can make a lot out of bitcoin and crypto currencies. All you need to do is just stay. No matter how hard and thin times will get, do not go for panic selling. Bitcoin is the simplest way of becoming rich and you can make huge money out of it. Most of the people consider it as a very expensive asset and that it is but one can collect its bit and avoid buying whole bitcoin at a time.

We all had our regrets about this, especially we that even knew about bitcoin when satoshi was still developing it which I could even have acquired as much as I can freely then when the ico was on, but I ignored some of these things thinking bitcoin was a scam which I never even took my time to study it before concluding that it was a scam, but that has gone already.

I know if it was possible for many of us to turn back the hands of time in cryptocurrency, it would be turned back to when satoshi was just introducing the coin and giving some out free through bonus, but it is still not damaged or too late, we all aspire that bitcoin will turn to $1 million dollars one day and that should be the main goal right now, which should push us to buying the coin at this current price that is still very cheap to me.

I'd been known bitcoin BTC since 2016 , Experience the hype and the flaws, and I still think it is the future that we needed in transactions as I'm amazed still how I'll able to earn and send transactions easily without going in banks and with lesser fee than normal transactions. We were lucky enough to know bitcoin earlier and up to this time since many are not aware how beneficial it can be.Yes, it is risky but it still serves its purpose and will so more in the long run, it's just not easy to convince those who are not willing to risk.

Experience makes us more calm and rational. Smart in making decisions too.
I'm also involved in Bitcoin from 2013 and since then Bitcoin went through different phases, many hard and good times. That is why it's funny for me to see people panicking becuse of few hundred dollars that price went down. Bitcoin has its own cycle that will always follow, don't forget that.