Bitcoin as a tool for enlightenment | Bitcointalksearch.org

swiftbits

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Quote from: elda34b on June 06, 2021, 09:35:59 AM

Selling at loss to find another opportunity to enter the next trend is not that bad tbh. Especially if your capital is limited. So don't be too strict, you should be flexible and find the best strategy according to your own condition.

Before you start investing more, I suggest you to get more familiar with how crypto market works. Don't be a follower, find your own style to make money.

That's right! There are times when my crypto asset value plummeted; I start thinking about a lot of possibilities if I have enough knowledge to play with it, we feel really comfortable when we see profit, but there are more opportunities in the crypto space, we can branch out from just HODLING.

elda34b

sr. member

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Selling at loss to find another opportunity to enter the next trend is not that bad tbh. Especially if your capital is limited. So don't be too strict, you should be flexible and find the best strategy according to your own condition.

Before you start investing more, I suggest you to get more familiar with how crypto market works. Don't be a follower, find your own style to make money.

Sterbens

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Activity: 1848

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Duelbits.com

Quote from: BrotherMencius on June 04, 2021, 11:15:30 PM

So my wife and I decided to get into Bitcoin back in April; we bought our first satoshis right around the ATH only to see the price immediately plummet.

I will not focus on the advantages or disadvantages that will be in front of your eyes. but what I am amazed at is where you and your wife understand very well that in the future the existence of Bitcoin is very important. and that needs to be appreciated, very rarely someone can agree with the family on investment decisions. then I believe that in the future you and your family will feel the benefits. at least you and family are trying to learn Bitcoin trading from now on. and that's the point.

Poker Player

legendary

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Quote from: BrotherMencius on June 04, 2021, 11:15:30 PM

So my wife and I decided to get into Bitcoin back in April; we bought our first satoshis right around the ATH only to see the price immediately plummet.

I'm really grateful to have found this forum when I did; if I hadn't I might've panicked like a lot of new investors and sold at a loss. Instead I've learned to accept whatever happens to the price of BTC. If the price goes up, that's fine, I can sell some and put it to one side and reinvest later. If the price goes down, that's fine, it means I can buy more sats on the cheap. I'm able to not mind what happens.

Now if only I could learn to apply that energy to other areas of my life...

Sorry that I'm the only one so far who doesn't see the enlightement anywhere.

You are simply talking about price rises and falls and making money, or not losing money by selling early. If you talked about the intrinsic properties of Bitcoin, what it can bring to the future of humanity, etc. maybe I would see the enligthement, but I only see greed.

Coyster

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Playbet.io - Crypto Casino and Sportsbook

Quote from: BrotherMencius on June 04, 2021, 11:15:30 PM

So my wife and I decided to get into Bitcoin back in April; we bought our first satoshis right around the ATH only to see the price immediately plummet.

For newcomer investors who think Bitcoin to be a "get rich quick scheme", this sort of scenario is going to be very difficult for them to take/swallow, they will sell their coins immediately the plunge starts, you prolly must have done your research thoroughly on Bitcoin and it's price movements, I'm pretty sure you didn't invest more than you can afford to lose, thus hodling your coins should not affect your everyday wellbeing in real life.

Sanugarid

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★Bitvest.io★ Play Plinko or Invest!

Quote from: BrotherMencius on June 04, 2021, 11:15:30 PM

So my wife and I decided to get into Bitcoin back in April; we bought our first satoshis right around the ATH only to see the price immediately plummet.

I'm really grateful to have found this forum when I did; if I hadn't I might've panicked like a lot of new investors and sold at a loss. Instead I've learned to accept whatever happens to the price of BTC. If the price goes up, that's fine, I can sell some and put it to one side and reinvest later. If the price goes down, that's fine, it means I can buy more sats on the cheap. I'm able to not mind what happens.

Now if only I could learn to apply that energy to other areas of my life...

As long as you have risk management on whatever investment you were trying to place your hard-earned money then you'll be fine. Only people who don't understand what they were doing and investing just because others told them to do so are the ones who messed up in BTC.

Rajamuda

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This can be used as motivation, but in it must be based on many things that must be learned from its development and its popularity.
Well, in my personal opinion, this has indeed become one of the ways that can be called opportunity, the opportunity to get many things that give a good income.

amishmanish

legendary

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Quote from: BrotherMencius on June 04, 2021, 11:15:30 PM

--snip--
I'm really grateful to have found this forum when I did; if I hadn't I might've panicked like a lot of new investors and sold at a loss. Instead I've learned to accept whatever happens to the price of BTC. If the price goes up, that's fine, I can sell some and put it to one side and reinvest later. If the price goes down, that's fine, it means I can buy more sats on the cheap. I'm able to not mind what happens.

Now if only I could learn to apply that energy to other areas of my life...

Good to know Brother.

The forum is a treasure trove of knowledge and inspiration. Especially the older posts. It is amazing to see how this whole thing evolved. I keep giving out this link so I'll share it with you too. Do visit the website nakamotoinstitute for a very structured introduction to Bitcoin and Satoshi's legacy.

You can also read up about Hal Finney and his posts on Lesswrong.com

When you have had enough of the past, I invite you to read the links in the topic i started here to checkout some of the recent exciting things about bitcoin. I am sure you'll love the Apollo Bit equipment.

rhomelmabini

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No God or Kings, only BITCOIN.

Quote from: BrotherMencius on June 04, 2021, 11:15:30 PM

I'm really grateful to have found this forum when I did; if I hadn't I might've panicked like a lot of new investors and sold at a loss.

Others may say that this forum isn't helping or you aren't learning at all that's a blatant lie coming from their mouths. I came here way back 2017 and I am proudly say it that it did change my views onto Bitcoin, I learn a lot not just on cryptocurrencies but on other area as well. Bitcoin is a waiting game and just sad for those investors that buy at high and sell at low, they just don't know how this game played.

Reid

hero member

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That's the spirit. Be careful though when you are selling at high points.
Dividing your assets into different wallets will a good idea to avoid moving the investment part with the trading capital.

You can apply it also in different areas of life.
Jobs or businesses have their up and downs too. Food businesses, for example, customers will get fed up with what you serve (down) and you need to bring something new on their plates. Something that will spark up their taste buds. (up)
You can't just give up midway, being optimistic will help while looking for future gains.

Altcoinsintel

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Quote from: BrotherMencius on June 04, 2021, 11:15:30 PM

If the price goes up, that's fine, I can sell some and put it to one side and reinvest later. If the price goes down, that's fine, it means I can buy more sats on the cheap. I'm able to not mind what happens.

I find it very important that you came to terms with your investment. When you enter the world of Bitcoin usually something like a big crash happens and makes you wonder if you made the correct decision.
With time you will find that these dips, crashes, and bear markets mean nothing. What matters is Bitcoin having demand. This is already more than 10 years for Bitcoin and demand keeps increasing for many reasons.
One is that it can be used even at a national economy level as a store of value similar to governments holding gold in their vaults.

Anyway, with time you become convinced that you made the right choice no matter if you bought at a temporary top.
It matters a lot that while you didn't have a plan when entering, you quickly found the best one. While I was expecting a big crash and I was writing about it in my previous comments, I still think that this is not over yet.
Price has found support at this level and there is still a lot of time left. This bull run is not over yet and having lived the previous one I think that we are about to witness a new all-time high soon (July or August).

BrotherMencius

newbie

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So my wife and I decided to get into Bitcoin back in April; we bought our first satoshis right around the ATH only to see the price immediately plummet.

I'm really grateful to have found this forum when I did; if I hadn't I might've panicked like a lot of new investors and sold at a loss. Instead I've learned to accept whatever happens to the price of BTC. If the price goes up, that's fine, I can sell some and put it to one side and reinvest later. If the price goes down, that's fine, it means I can buy more sats on the cheap. I'm able to not mind what happens.

Now if only I could learn to apply that energy to other areas of my life...

Topic: Bitcoin as a tool for enlightenment (Read 176 times)