Topic: Bitcoin Investors Confidence in Bitcoin💪 - page 5. (Read 1537 times)

Would really matter in terms of someones preference and patience on their investment on crypto and this is why we do see different variation when it comes to decision making.Some could be able to hold and some couldnt really just able to do so because just like on what others been saying that we do prefer on seeing profits in a short time basis and this is why we do really come after for decisions which it could generate out potential income without needing to wait further or longer. Investors confidence towards bitcoin is still high because it wont really be sitting on the top of the ranks or in the market if the support and recognition isnt there.
This is why on the time that you would really be stepping your foot into this unpredictable market then you should really make yourself that get prepared for whatever situations or conditions that you would be able to face off.Plus we do really have that market which does have that cycle or phase on which prices couldnt really move as we do anticipate or presume out. This is why decision making would be entirely be depending
on your goals or targets on which it could be altered out along the way.

Not everyone have got the ability to hold long-term. This is where many people term bitcoin have made them into big loss. When someone looks for quick money, the risk associated will be high. When we're to take big risk we should be ready with alternate plans so that things can be kept in control even if the prediction didn't happen as expected. The market runs over trust and the same makes bitcoin investment effective over other forms of investment. As suggested until the bitcoin is in the wallet there's nothing to worry, just the market fluctuations give variation in the portfolio amount and the same can be compensated by holding.

Buying big in the first purchase is not a problem when the intention is for the long term.
Because of course it already has a target price that has been determined.

Using the DCA strategy is also a good choice, because you will buy in the hope of several price reductions, or according to a predetermined time, for example once a week without looking at the bitcoin price, but do it consistently.

Investors who are into Bitcoin believe that Bitcoin will reach a new ATH and will be reached as soon as the Halving has occurred.
We only need to wait a few more months and we must be prepared for this important event.

We don't have to get hung up on the opportunities that happened in 2021, it was the good old days for people who clutched bitcoin before the year of the bull run, today we need to look at the future for bitcoin, and surely the cycle will repeat itself, have faith in what bitcoin will do in the current cycle, how confident you are will be assessed how strong you hold the bitcoins you have when there are sharp fluctuations.

Buying as many bitcoins as possible in one purchase is a good thing but if you have a lot of money to buy it and mentally you can really control it in a market position that is not clear where it is going, but for people who do not have large enough funds but targeting the number of bitcoins of course DCA is the solution to deal with this problem, and the mental pressure due to fluctuations in this strategy can be considered a safe path to accumulate bitcoins.

Well, all of us has their own biggest mistakes but we should not blame our selves or other people that commits it. Instead, encourage them or ourselves to continue and try to avoid the same thing again. 2021 bull run is not the last year that we will see Bitcoin reach a high price but there are more to come.

The next big run is even rumored to happen within this year and also in the year of 2024/2025. It shouldn't be a long wait so I'm very sure that we can easily take part of it. It's a good thing that prices are dropping again lately. This allows people to invest maybe for one last time? (at least for now ) or until this new bull run ends. Buying in bulk can be beneficial than doing the DCA strategy.

As long as the bitcoins are in your wallet, I think you haven't loss. Maybe temporarily you can buy at high price and lose at current price. But depending on the possibility of future halving and Bitcoin's bullish movement, it can be concluded that Bitcoin will surpass its previous high price. It cannot be said precisely when that situation can be created. My suggestion to you would be since you are holding bitcoin for long time so wait some more time which may give you more than your expectation. Another thing is that those who hold bitcoins and be patient will surely succeed in investing.

All you need is having confidence in yourself with a mixture of dedication and determination and the path won't be difficult at all. Learning about Bitcoin is super easy, and to learn about trading and its practices and stuff might take some time but it isn't rocket science as well, so someone with a positive mindset and some focus can easily master it and become an independent trader and earn good profits every day with trading if they have a good capital to begin with.

You can't get rich overnight, that's only for the super-lucky people unless you are one of them, but if you keep grinding and working on your mission, you are sure to get success eventually if you don't give up, giving up means you are going back to zero, from where you started, so that shouldn't be an option.

Now, many millionaires/financial institutions seeking advice on Bitcoin investments, including Fidelity, BlackRock, and New York Bank Mellon, have also started offering crypto-related services to their clients. and for sure Wealthy investors are now starting to understand that digital currency is the future of money, and they don't want to be left behind in the past and there are ambitions they will be the first to capitalize on the upcoming bull run.

We have to be aware that the Bitcoin price moves following similar patterns in 4-year cycles, and, although not necessarily 100% the future has to be like the past, seeing those patterns can help us to get an idea of what is the best way to accumulate Bitcoin, and for that we have to have a long term vision.

Doing like you is fine, and although you don't say exactly at what price you bought, during the next cycle you are sure to be in profits and can do some partial selling.

A good strategy to accumulate is to do pure DCA, i.e. buy exactly the same amount every week or month, but the DCA has variants, and one of them quite interesting is to regularly buy the same amount but take advantage of bear market moments to buy more and the peaks of the cycle to sell.

Study, learn, and decide which strategy suits you best.

Came to the conclusion that patience is needed to support the plans and strategies that have been set. As many people admit that investing in bitcoin is the best choice than investing in altcoin projects which can end up on a journey that is detrimental due to the actions of the dev. One and two that have a clear direction and are good for investment.
Much experience has been carried out and the average concludes that the dollar cost averaging (DCA) method is still very relevant to be applied in investing capital by buying more when prices fall and buying less when prices rise.

I agree with what you said, it seems that people are putting too much emphasis on and putting all their faith in 2024. This is not true if not they are wrong because when it comes to the future we can't be sure of anything, and everything is just a guess and we don't have any proof for our guess. It would be a serious mistake to be too subjective about our predictions.

Historically, we might believe that the halving was the catalyst that helped bitcoin generate a new ATH but it is not the only factor that gave us a bull market. Remember that bitcoin has never experienced a sick economy like it does today, and the market is also a part of the economy. So it will depend a lot on the economic situation, not halving is all we need.
Not only bitcoin, but with any investment, long term investment should always be our vision.

Those who can be patient also because they believe in Bitcoin because they see how Bitcoin has been in the past.
Moreover, the circulation of Bitcoin is getting scarce and will be mined out.
The supply is 21 million Bitcoin and there will be no more additions.
If all of them are mined, the price will increase even more in the future.

In addition, investors who buy Bitcoin for the long term have a lot of money, so they don't care about Bitcoin, buy and forget until a few years later Bitcoin reaches its highest price again.

Long-term profits will belong to those who can afford to continue holding until the main price target is reached.
Those who panic too much will only suffer losses.

The definition of patience itself is actually quite broad to be understood by anyone who is applying it to something, because patience can be brought into anything as long as it is possible to wait. As in the example of holding Bitcoin for a certain period of time when someone has bought and invested it in the long term to get a profit according to his wishes or get a profit with a time target that he has set himself through his investment.

Patience in holding Bitcoin is patience in the aspect of waiting for a better increase and also not passing it by, because Bitcoin's price increase also doesn't happen every year so everyone needs to consider profits before seeing another correction occur in the market. So it is actually more possible to wait for profits through increasing prices, not for someone who has to rush to sell, as you meant above, because patience in this case also has a certain level.

Most people who can be patient when they have invested in Bitcoin are people who have sufficient knowledge of crypto investments in general, so they will definitely not make hasty decisions on the assets they invest because the goal is very clear, namely to make profits through assets. that he had invested. So this is a very complex thing for every investor because they are not encouraged to make rash decisions when they are investing, even though that does not mean they have to be too relaxed with the investment.

Patience and motivation and trust would be the primary things on which it would really differ on each investor or person on which it is true that each one of us is really having that different level when it comes to this

thing or matter on which decisions would be made would be entirely be different because of having that different approach towards your Bitcoin or crypto investment. Confidence would vary but it would be reflecting out
into your total experience on this space.The general rule on this one is only invest on the amount on which you could only afford to lose on which it isnt something that would affect you heavily on the time that it would go south. People would usually be that impulsive or really that emotional towards their investment if they have invested heavily on it or really putting up their savings into it on which it would really be causing
that kind of worry towards it.

This is why it would really be that important that you should really be doing that kind of perspective and having that behavior on the time that you would be making out some investment
on which it isnt only limited on Bitcoin but also in other crypto as well. Just dont have that all-in kind of behavior then you are good to go.

We spend time doing this because we believe that having good knowledge and market understanding will help us to get where we wanted and it was important when investing in Bitcoin.
We have the confidence that Bitcoin will give us a fortune. I couldn't think about becoming rich but yeah, it was possible to earn a lot if you are doing well and investing more. That is why we can see a lot of people have come and invested in Bitcoin because of such thinking and we can just set a side that many had already reached their goal from doing this. Meaning, there is a positive result from our trust and effort.

Studying and learning, and then gaining experience enough to have a good strategy that you stick to and make profit is the path from a newbie to an expert. This type of simple reason makes people not question bitcoin at all and realize that they have a great chance to make some profit.

I understand that it is going to take some time, but if you end up with a good result then you are going to be fine. I know that it is not that easy and we could make some changes and should probably be making better results, but that doesn't mean we can't change anything. So all in all, bitcoin is the one place that will make us rich and we know how that can happen, there isn't anything else that we could say the same thing and get rich in the end.

Structured planning with good analysis will be useless without action. It is impossible to rely solely on patience to get success. Behind patience there must be actions that lead to the target of achievement. For that you need to be consistent and patient.

IMO, my answer is the same as above in response to this one.

Not much different from the answer above.
The type of investor character is different between person A and person B in investing.
Whoever is strong will benefit from investing in Bitcoin.

For sure we all believed in the potential of Bitcoin personally, in my opinion, it is going to be different this kind, Of course, there are some doubts but I didn't really care I do believe on bitcoin that is going to reach a substantial amount this time in the market if we are just going to base it on the bitcoin halving timeline it is for sure going to multiple its market price in the market, so we can easily project more than 100k$ in the coming bull run if you didn't sell last Bullrun and still holding your bitcoin this day it is surely a good move I mean you're not going to lose money anyway, just make sure to buy low and sell high every time, your not going to lose your money unless you sell your bitcoin it is just a matter of timing and patients, I can easily recommend you to HODL this time be patients and only sell if when the market skyrocket and afraid.

HODL your bitcoin until 2024 and 2025 between that time frame we could easily expect the market price to skyrocket and you're going to get your opportunity to sell or you could wait until the next market cycle for an even higher price if you really wanted to invest for long term.

Though bitcoin has showed us it's potential in a long term perspective, but you should not put all your hopes in setting such a short timeframe. I know it's the bitcoin halving that your thinking of, like everybody is anticipating, but there is no guarantee if it can hit the 6 digit figure or even hit your own target. Nobody knows it, so you should make yourself a little more confident longer than 2024, there's more to come for sure, it's just a matter of time if you're looking to have financial breakthrough. Afterall, we're just merely speculating here but with a good reference from bitcoin's past prices. So far it's been appreciating and that's what makes everyone in crypto space confident in the next 5-10 years or so.

Many investors are optimistic that the price of Bitcoin will reach $100k on the next bullrun. This is also the reason why many of us are keep on holding since there's a possibility for Bitcoin to surpass its previous ATH and it might happen after the halving next year. So don't regret if you didn't sell in the past when the price is increasing. Because as long as you didn't sell then you didn't lose anything yet. Though, you don't have to deprive yourself to take profit at times.

Remember that if you can hold longer, you can be a huge gainer. Though everything is uncertain, it's still better than having a weak hands to wait.