You can do both.. by just buying more and more bitcoins on a regular interval to enable you to be able to buy goods and pay for services and then trade it or convert it to Fiat, when you want to profit from it. (Buy Low / Sell high)
Topic: Bitcoin is a game of quantity (Read 516 times)
The problem is that OP is looking at Bitcoin as a "Commodity" and this is where a lot of people are losing the plot. Take Forex trading as an example..... People use "Fiat" as a currency ...but it is also tradable.
You can do both.. by just buying more and more bitcoins on a regular interval to enable you to be able to buy goods and pay for services and then trade it or convert it to Fiat, when you want to profit from it. (Buy Low / Sell high)
You can do both.. by just buying more and more bitcoins on a regular interval to enable you to be able to buy goods and pay for services and then trade it or convert it to Fiat, when you want to profit from it. (Buy Low / Sell high)
You are right in what you say, it is for this reason that when some markets are compared with Bitcoin they do not have much relationship, that is, when an analysis of the BTC market is made with respect to gold, they do not have any correlation, when it is done a correlation of BTC with the stock market there is also no correlation that can be extracted.
The precious metals sector has seen some correlation with BTC in the past. Although we cannot be 100% sure that the movements were correctly interpreted, but usually when the crypto market dips to a smaller extent than a huge crash, there is an uptick in gold prices and when there is a massive (>15%) selloff in crypto, gold and stocks both drop. Quote
But when a correlation is made with both markets, gold and the stock market, if there is a correlation, they are similar markets to each other but with many differences in terms of concept, but there is also another peculiarity, when a correlation of btc with gold is made and the stock market there is a correlation but in the very short term, this is something that shows that the btc represents money but its deflationary nature and that it obeys other economic principles makes it move away from these.
The demographic difference is there. Gold traders are usually veterans in commodities trading. They usually did not try their hands in cryptocurrencies yet. Also the gold trading is not based on holding but on regular buying selling. So on the asset front, both might seem like high value assets, but their market psychology is different.For the time being, since there is bitcoin minting still happening, we can keep aside the deflationary statement. With that, the average daily movements on bitcoin is higher than stocks.
You are saying that because the value keeps on increasing . imagine that bitcoin kept losing value in the last decade would you have said that? So, the value of what you are investing in still goes down to its value when compared to other assets.
So, the reason why you have plans of investing more in Bitcoin is because it keeps increasing in value. That’s the normal thing that you have to do when investing in assets ,you have to keep buying more of it to be able to make better profit when it starts to get more value. The main reason for investment is for you to be able to make more from it in the future and if it is not doing that then it is not worth it.
So, the reason why you have plans of investing more in Bitcoin is because it keeps increasing in value. That’s the normal thing that you have to do when investing in assets ,you have to keep buying more of it to be able to make better profit when it starts to get more value. The main reason for investment is for you to be able to make more from it in the future and if it is not doing that then it is not worth it.
Unlike other general asset that depends on quality to quantify it's value, bitcoin makes more sense based on how many btc you have not just how much of it. The earlier investors come to appreciate bitcoin based on it's own personal value not based on it's fiat value the better for their investment skill. The goal when it comes to bitcoin investment should be focused more on owning more coin not even on what the price is in relation to fiat
There are always huge promising future for bitcoin so even in the dip the target should be focused more on when to sell so as to buy more coin. buying shouldn't be a focus of the fiat value but rather a focus of how many btc is available in your custody. To get the best of Bitcoin investment the focus of how many of this coin you are investing should be the major concern and not the fiat value thereof.
There are always huge promising future for bitcoin so even in the dip the target should be focused more on when to sell so as to buy more coin. buying shouldn't be a focus of the fiat value but rather a focus of how many btc is available in your custody. To get the best of Bitcoin investment the focus of how many of this coin you are investing should be the major concern and not the fiat value thereof.
So if you have 10 BTC in 2009 you shouldn't be concerned about how much (value) the BTC is? Doesn't make sense to separate quality and quantity. They're dependent on each other and one is worthless without the other.
The only reason someone would be satisfied with how many coins they have is if they anticipate they'll be valuable in the future. No one is satisfied with crypto that's worthless. Have one million of any coin that's worth 1/100000th of a satoshi and ask them how they feel about having a million coins.
For example if you own 0.1btc whose value is $4042.79 at the moment of posting and the price eventually drops the panic shouldn't be the fallen price, it's best to sell at a lower high and buy back at a lower lows in all the concern should be to get more coin, taking advantage of the dip to buy more. The major concern for bitcoiners is to make profit no matter the market trend. Every investor always anticipate to be in profit no matter the trend and the only way out is focusing more on the quantity and not the value
Buy high, sell low, is what you're saying. Your phrasing is a bit odd.
I heard that there are people hodling bitcoin for so long. Fine, it is good especially for early adopters.(people that bought at $4000 and below) They know that whatever happens to bitcoin they will still be in great profits. But anyone that bought bitcoin when it crossed $30k should not hodl for life. They should be able to sell and rebuy at dip.
But, every cryptocurrency is a game of quantity. No matter how quality your project is, if people are not interested in your project, it will not prosper.
But, every cryptocurrency is a game of quantity. No matter how quality your project is, if people are not interested in your project, it will not prosper.
I take it you don't think it makes sense to hold a bitcoin bought at more than $30,000 for an extended period of time? I don't quite agree with this.
It is very likely that within the next 10 years the price of 1 bitcoin will exceed $1,000,000. This will give the investor a very large profit. If you bought 1 bitcoin at a price of $50,000, and in 2029 the price of 1 bitcoin is $1,000,000, then your initial capital has grown 20 times. This is a very good investment result.
Yes, this is a lower return than the original investors who invested in bitcoin in 2010. But, nevertheless, this is a very significant profit.
At the same time, active trading can bring both profit and loss.
Many people think that too many bitcoins are confusing, but if we study properly then this large number proves that bitcoin was designed for the future with the hope that the majority of the earth's population can use bitcoin, and this is what makes the price of 1 bitcoin today still cheap and ideally $1 for 1 satoshi or 1 btc worth $100 million.
I heard that there are people hodling bitcoin for so long. Fine, it is good especially for early adopters.(people that bought at $4000 and below) They know that whatever happens to bitcoin they will still be in great profits. But anyone that bought bitcoin when it crossed $30k should not hodl for life. They should be able to sell and rebuy at dip.
But, every cryptocurrency is a game of quantity. No matter how quality your project is, if people are not interested in your project, it will not prosper.
But, every cryptocurrency is a game of quantity. No matter how quality your project is, if people are not interested in your project, it will not prosper.
Unlike other general asset that depends on quality to quantify it's value, bitcoin makes more sense based on how many btc you have not just how much of it. The earlier investors come to appreciate bitcoin based on it's own personal value not based on it's fiat value the better for their investment skill. The goal when it comes to bitcoin investment should be focused more on owning more coin not even on what the price is in relation to fiat
There are always huge promising future for bitcoin so even in the dip the target should be focused more on when to sell so as to buy more coin. buying shouldn't be a focus of the fiat value but rather a focus of how many btc is available in your custody. To get the best of Bitcoin investment the focus of how many of this coin you are investing should be the major concern and not the fiat value thereof.
For example if you own 0.1btc whose value is $4042.79 at the moment of posting and the price eventually drops the panic shouldn't be the fallen price, it's best to sell at a lower high and buy back at a lower lows in all the concern should be to get more coin, taking advantage of the dip to buy more. The major concern for bitcoiners is to make profit no matter the market trend. Every investor always anticipate to be in profit no matter the trend and the only way out is focusing more on the quantity and not the value
There are always huge promising future for bitcoin so even in the dip the target should be focused more on when to sell so as to buy more coin. buying shouldn't be a focus of the fiat value but rather a focus of how many btc is available in your custody. To get the best of Bitcoin investment the focus of how many of this coin you are investing should be the major concern and not the fiat value thereof.
For example if you own 0.1btc whose value is $4042.79 at the moment of posting and the price eventually drops the panic shouldn't be the fallen price, it's best to sell at a lower high and buy back at a lower lows in all the concern should be to get more coin, taking advantage of the dip to buy more. The major concern for bitcoiners is to make profit no matter the market trend. Every investor always anticipate to be in profit no matter the trend and the only way out is focusing more on the quantity and not the value
Yes, this is a very smart strategy.
Bitcoin is a deflationary asset. At the same time, the modern world economy is based on a constant rise in prices for all assets, that is, it is inherently inflationary.
Therefore, the price of bitcoin will rise in the long run. Bitcoin has a fundamental value. It is a potential global reserve currency. Bitcoin has such a valuable property as decentralization. Bitcoin is a great store of value. The first cryptocurrency allows you to easily move capital from one country
to another. Bitcoin is a universal value, it unites all people on planet Earth.
Therefore, it is important for an investor to maximize the amount of bitcoins he owns. This is the smartest long term strategy.
As we know that if we have 1 btc it is equal to 100 million satoshi, of course this is a large number, many people often argue with the real number of bitcoins in the hands of users, there are even reports believing that the missing amount or not can be used more than the existing stock, and this is what makes the quantity of bitcoin such an important factor.
That's right I hardly see anyone who is ready to invest in Bitcoin and hold it for a long time. It is really a difficult thing for most people and I do understand that it is because they do not have much money to spare.
Because they are speculators and they just want to make a quick profit, they don't really care about the real value of bitcoin.
Those who are able to invest in Bitcoin and hold it for a really long time is because they have enough money for them to spare. And the money they're investing in Bitcoin doesn't really affect the one that they will have in their bank to handle all the emergencies or expenses that they might have. So, it is really important to have enough money for you to invest and still have enough left to carry on with other things you might have to do.
Apart from people who have a rich life, I still see many people who don't have much money but they still work hard and accumulate little by little to invest in bitcoin. They save bitcoin on a monthly plan and keep it for the long term because they see the value of bitcoin in the future. They have faith in bitcoin that will help them have a better life. a deep drop in price is a purchase at a discount when we allocate it in bitcoins. the thing to remember is that bitcoin supply is limited and currently only a few people in the world are in it. That way, actually buying at any current price is still safe for long-term investments. especially if we take advantage of the bearish season to buy, of course, the greater the profit that will be obtained. but the biggest enemy is ourselves who often panic sell by looking at price reactions
That's right I hardly see anyone who is ready to invest in Bitcoin and hold it for a long time. It is really a difficult thing for most people and I do understand that it is because they do not have much money to spare.Those who are able to invest in Bitcoin and hold it for a really long time is because they have enough money for them to spare. And the money they're investing in Bitcoin doesn't really affect the one that they will have in their bank to handle all the emergencies or expenses that they might have. So, it is really important to have enough money for you to invest and still have enough left to carry on with other things you might have to do.
when investing we will not immediately get the profit we want and that is why the need for patience in investing,
we must have money or have income from other sources
a deep drop in price is a purchase at a discount when we allocate it in bitcoins. the thing to remember is that bitcoin supply is limited and currently only a few people in the world are in it. That way, actually buying at any current price is still safe for long-term investments. especially if we take advantage of the bearish season to buy, of course, the greater the profit that will be obtained. but the biggest enemy is ourselves who often panic sell by looking at price reactions
That's right I hardly see anyone who is ready to invest in Bitcoin and hold it for a long time. It is really a difficult thing for most people and I do understand that it is because they do not have much money to spare.Actually, people think BTC is overpriced right now and because of its high volatile nature, they could take huge losses they can not bear. I think their concern is not invalid at all because if you compare BTC with any other commodity then you will see the return of investment of BTC is insane for early adopters. Many think that now only having a fraction of BTC will not be a huge financial gain for the future as it was for early investors because it's overpriced.
a deep drop in price is a purchase at a discount when we allocate it in bitcoins. the thing to remember is that bitcoin supply is limited and currently only a few people in the world are in it. That way, actually buying at any current price is still safe for long-term investments. especially if we take advantage of the bearish season to buy, of course, the greater the profit that will be obtained. but the biggest enemy is ourselves who often panic sell by looking at price reactions
That's right I hardly see anyone who is ready to invest in Bitcoin and hold it for a long time. It is really a difficult thing for most people and I do understand that it is because they do not have much money to spare.Those who are able to invest in Bitcoin and hold it for a really long time is because they have enough money for them to spare. And the money they're investing in Bitcoin doesn't really affect the one that they will have in their bank to handle all the emergencies or expenses that they might have. So, it is really important to have enough money for you to invest and still have enough left to carry on with other things you might have to do.
a deep drop in price is a purchase at a discount when we allocate it in bitcoins. the thing to remember is that bitcoin supply is limited and currently only a few people in the world are in it. That way, actually buying at any current price is still safe for long-term investments. especially if we take advantage of the bearish season to buy, of course, the greater the profit that will be obtained. but the biggest enemy is ourselves who often panic sell by looking at price reactions
Limited bitcoin stock and 1 BTC consisting of 100 million satoshi makes Bitcoin enough for human needs on earth currently amounting to 8 billion, of course 1 Satoshi will continue to be worth so that someday people will transact with satoshi units, and now more and more Countries that legalize Bitcoin so that I believe Bitcoin is a recognized payment standard.
to become a payment standard that is approved by countries globally may be impossible,,, because most countries now have their own currency and they don't want their currency to be less popular than bitcoin 
To get the best of Bitcoin investment the focus of how many of this coin you are investing should be the major concern and not the fiat value thereof.
I disagree because the reason why many choose to invest on bitcoin is as result of weighing it value compared with fiat, if bitcoin value is found to be lesser than the fiat USD then it value begin the depreciate, what is the essence of keeping bulkiness of what has lesser value when thousands of commodity items could be an alternative asset to store of value. the main reason behind investing on any form of asset is to derive profit after you would have considered it value.
For example if you own 0.1btc whose value is $4042.79 at the moment of posting and the price eventually drops the panic shouldn't be the fallen price, it's best to sell at a lower high and buy back at a lower lows in all the concern should be to get more coin, taking advantage of the dip to buy more.
i agree with this but you have to understand that to understand that, speculating on price is not the major determinant to how valuable bitcoin is because of it volatility in nature. One can only invest in bitcoin as an asset because of the conviction that bitcoin will always maintain profitability with time despite the dip and rise, and you cant loose the entire investment you made but rather make profit over time.
Analysing this topic from a critical aspect and OP's point of view, due to the limited supply of bitcoin (21 million coin limit), it will be wise to focus more on gaining numbers on the amount of btc you own while you still can easily than being affected by the fluctuating value. Very wise indeed!
In a long run, prolly when all bitcoins have been mined, the value of bitcoins then will be even more than what we can predict and i believe it will be more stable, the person who held on to getting more bitcoins and owns the most bitcoins, will hold the most valuable asset with the greatest value.
In a long run, prolly when all bitcoins have been mined, the value of bitcoins then will be even more than what we can predict and i believe it will be more stable, the person who held on to getting more bitcoins and owns the most bitcoins, will hold the most valuable asset with the greatest value.
Its best to not look at the price of your Bitcoin that you own but focus on buying more while the price is in dip.
True,If you focus on the price of your bitcoins, you will be affected by emotions and will be moved to sell. Stick to the plan, acquire more while you can and hodl.Ohh I see now the greater picture, since when I read the topic I was only thinking that this applies to all, not only bitcoin. If you have a lot of property over time, the price will increase. So that makes me confused. When we say that when all bitcoins are mined the price will really stabilize, but prior to that, we know that the price will increase. That is the time when the most bitcoins in a person's wallet has the most value of all since the supply is not locked at 21 million.
Sounds like an old gold bug strategy 
It's a game of belief/faith as you think that the price will always go up, but be careful if something bad happens and the price dip below your tolerance level or if the price is pretty much swing at the same level for years, it will shake your belief like you've never experienced before (with Trump's accent).
There is a use case and pros/cons of bitcoin too, not just a faith, otherwise it would be another cult with no outcome. But while trading the faith part comes into play a lot more because there are newbie traders who get in at wrong price timings and they suffer for their mistakes.It's a game of belief/faith as you think that the price will always go up, but be careful if something bad happens and the price dip below your tolerance level or if the price is pretty much swing at the same level for years, it will shake your belief like you've never experienced before (with Trump's accent).
While accumulating bitcoin at low prices is a good thing, it is equally important to sell at highs and recycle the money. Compared to stocks that give dividends, we dont sell them at high price but only buy.
While gold can be said to be accumulated similarly, these markets are different and they function in real life differently. But both are profitable if you know what you are doing.
But when a correlation is made with both markets, gold and the stock market, if there is a correlation, they are similar markets to each other but with many differences in terms of concept, but there is also another peculiarity, when a correlation of btc with gold is made and the stock market there is a correlation but in the very short term, this is something that shows that the btc represents money but its deflationary nature and that it obeys other economic principles makes it move away from these.
Long-term investors and large institutional investors are exactly what you wrote about. They are the ones who buy up all the coins, hoarding them, regardless of price or market conditions, buying for years, maybe even decades. They will never sell on a decline.
The main problem with novice investors is that they want to make a profit as quickly as possible. And if the market decides to go into a correction, they get scared of it and try to save at least a lot of their money. Many people have a speculative approach to the market, a trader's view, not an investor's. People don't want to learn, people want to make money, and preferably as quickly as possible.
That could be terrible for you and me if we were to talk about fiat, because if they hoard fiat, then there won't be any fiat left and then governments print more and causes inflation. Here in crypto, they can hoard as many bitcoin as they can but there won't be any left, hence the last ones that are left will worth a lot.The main problem with novice investors is that they want to make a profit as quickly as possible. And if the market decides to go into a correction, they get scared of it and try to save at least a lot of their money. Many people have a speculative approach to the market, a trader's view, not an investor's. People don't want to learn, people want to make money, and preferably as quickly as possible.
It means that if they are spending so much money on buying as many as possible and not selling them, that means our bitcoin will worth a lot more thanks to them spending money. They are the ones who are spending billions, but we are the one that make the profit from it because our coins worth more thanks to their investments.
Analysing this topic from a critical aspect and OP's point of view, due to the limited supply of bitcoin (21 million coin limit), it will be wise to focus more on gaining numbers on the amount of btc you own while you still can easily than being affected by the fluctuating value. Very wise indeed!
In a long run, prolly when all bitcoins have been mined, the value of bitcoins then will be even more than what we can predict and i believe it will be more stable, the person who held on to getting more bitcoins and owns the most bitcoins, will hold the most valuable asset with the greatest value.
In a long run, prolly when all bitcoins have been mined, the value of bitcoins then will be even more than what we can predict and i believe it will be more stable, the person who held on to getting more bitcoins and owns the most bitcoins, will hold the most valuable asset with the greatest value.
Its best to not look at the price of your Bitcoin that you own but focus on buying more while the price is in dip.
True,If you focus on the price of your bitcoins, you will be affected by emotions and will be moved to sell. Stick to the plan, acquire more while you can and hodl.Jump to: