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Topic: Bitcoin is a game of quantity - page 2. (Read 516 times)

sr. member
Activity: 1722
Merit: 252
March 24, 2022, 11:27:46 PM
#34
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.
staff
Activity: 2436
Merit: 2347
March 24, 2022, 03:28:18 PM
#33
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
-snip-

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.
on the other hand, the difference between those who make long investments is because they have set goals at the beginning and use free money, and are supported by strong psychology. In contrast to new investors today who use hot money to invest with the aim of doubling their money in the near term, from their point of view, a fragile psychology will be very detrimental in the crypto world, because high volatility will make the heart beat fast every time.

It can't always be beginners. There are many experienced users among speculators, too. But still, the investment strategy is always much more profitable and contains less risk than short-term speculation. With bitcoin, playing short-term speculation is very dangerous because bitcoin is very volatile. Have you noticed that the internet often calls bitcoin a high-risk asset? Mostly short-term investors call it that, because it is very hard to predict how bitcoin will behave in a short period of time. It can fall by 50%, and then easily grow back, all in a short period of time. Long-term investors, on the other hand, often refer to bitcoin as a low-risk investment.
full member
Activity: 2184
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Hire Bitcointalk Camp. Manager @ r7promotions.com
March 24, 2022, 07:54:13 AM
#32
Quote
Bitcoin is an interesting phenomenon and often becomes trending in various social media, even almost every day there is news about Bitcoin in CNN, Bloomberg TV and so on, with a very large MarketCap of course people will continue to pay attention to Bitcoin and will enter if they feel there is a chance for Profit, decentralization is a very unique thing because it will make everything unexpected.

Those companies has weakness positive impact from bitcoin that is attracting other companies to introduce bitcoin into their channel. Those channel has helped many bitcoin users to acquired more knowledge about bitcoin and how to use it to improve other businesses in the societies.
Many countries knew bitcoin through social media such as, CNN, Facebook, Twitter and telegram that gave the government to legalized bitcoin in the country to help their youths and to improve their economy in the country.  
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
March 23, 2022, 09:37:13 AM
#31
I know that decentralization is part of the reason bitcoin is moving fast as it is doing because people like freedom and breakout of the control of government through the fiat.
People will always remain under the control of the government, however they might fancy using bitcoin to break from the control, in the end they are always bound to the earth they live in and the government they live under. Use bitcoin, but dont keep that "government control" BS in you head, it is not necessary and it only brings in paranoia which can hurt your trading sentiments.

Quote
I can't understand it though that coins can be hoard, whale may not be able to hoard but it can buy a large amount of coins and hodl it longer.
Why will whales not be able to hoard? It is an easy thing to do once you have some idea about portfolio management and therefore whales do it regularly.

Bitcoin should be used for its advantages while taking care of its disadvantages with fiat, it should not be a cult like following in my opinion, otherwise the global acceptance will not increase.
full member
Activity: 1526
Merit: 111
Pepemo.vip
March 23, 2022, 07:07:04 AM
#30
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
-snip-

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.
on the other hand, the difference between those who make long investments is because they have set goals at the beginning and use free money, and are supported by strong psychology. In contrast to new investors today who use hot money to invest with the aim of doubling their money in the near term, from their point of view, a fragile psychology will be very detrimental in the crypto world, because high volatility will make the heart beat fast every time.
full member
Activity: 1736
Merit: 121
March 22, 2022, 05:55:14 PM
#29


As for hoarding or accumulation then its understandable that people who are financially capable could always
be having the advantage which it isnt surprising.

I know that decentralization is part of the reason bitcoin is moving fast as it is doing because people like freedom and breakout of the control of government through the fiat. I can't understand it though that coins can be hoard, whale may not be able to hoard but it can buy a large amount of coins and hodl it longer.
staff
Activity: 2436
Merit: 2347
March 22, 2022, 05:32:35 PM
#28
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
-snip-

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.
full member
Activity: 1092
Merit: 227
March 22, 2022, 12:15:42 PM
#27
I think you have misconceptualized other coins or assets which are under crypto space. Honestly the whole market in the crypto is about the quantity plus quality. Yes, the value rises proportionately if you have good hold on the number of coins in your pocket.

But its not like, its just applicable to the BTC only. In the long trade, all the coins are limited when they are first minted. Some of them are too less in circulation and liquidation while others are comparatively higher in number. However, at the end they are limited here and thus whoever holds the most coin will gain the opportunity to earn more profits out of it when the coin moves by little value in the bull market.

Unlike, stablecoins which has unlimited submission things are pretty different. They stay stable in value by overcoming the demand of market with unlimited supply.
full member
Activity: 910
Merit: 100
March 22, 2022, 11:40:44 AM
#26
Bitcoin is an interesting phenomenon and often becomes trending in various social media, even almost every day there is news about Bitcoin in CNN, Bloomberg TV and so on, with a very large MarketCap of course people will continue to pay attention to Bitcoin and will enter if they feel there is a chance for Profit, decentralization is a very unique thing because it will make everything unexpected.
Moreover, many large companies are also collaborating with cryptocurrencies, especially Bitcoin, thus making crypto more attractive.
for now it can be said that Bitcoin is already widely known by many people and is not foreign anymore,
with a market that is constantly moving, of course news about Bitcoin will always be there
legendary
Activity: 3094
Merit: 1127
March 22, 2022, 10:32:56 AM
#25
Bitcoin is an interesting phenomenon and often becomes trending in various social media, even almost every day there is news about Bitcoin in CNN, Bloomberg TV and so on, with a very large MarketCap of course people will continue to pay attention to Bitcoin and will enter if they feel there is a chance for Profit, decentralization is a very unique thing because it will make everything unexpected.
Decentralized
Anonymous
Actual utility in terms of payment
Investment possible profits

These are the most common traits on why it did really get soo much attention and support.
As for hoarding or accumulation then its understandable that people who are financially capable could always
be having the advantage which it isnt surprising.
hero member
Activity: 1890
Merit: 831
March 22, 2022, 09:42:54 AM
#24
What you described above is Dollar Cost Averaging, yes if you're use this strategy you should buy Bitcoin on whatever price based on which times you set before e.g. a day(s), week(s) etc. They're already trust in Bitcoin and only looking for the return in the long run. But we can't blame if people are looking based on fiat price or trends, they might a trader so they must know the price they bought and sold to know how much the profit/loss they made.

Though Bitcoin does really have bright future but don't forget to diversify your assets e.g. real estate, precious metal, gold etc.

Diversifying the assets might come with a lot of probelms as well there can be things you cannot see coming and it can very easily liquify.

- Real estate continues to be the asset if choice as well
- Precious metals are more likely to provide you with real term benefits considering where you live, some governments have high percentage of taxes on certain one's.
- I always find that education is the most important asset of all, one might be able to earn a lot more in the long run certainly, investment in yourself is always a (+) point

Then again bitcoins is a better off asset in any case, you should definitely hold a certain percentage of it, it's definitely going to be worth a lot more in the future. Trading) holding both are very good options.
hero member
Activity: 3010
Merit: 629
March 21, 2022, 08:26:09 PM
#23
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.
Thats true. We know the price can go up and down, buying a fraction and a goal of getting more is good for an investor.

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. Keep on accumulating while you still can because in Bitcoin (or crypto in general), investors who own many has a high chance to be a huge gainer for not being complacent in just one.
hero member
Activity: 3150
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DGbet.fun - Crypto Sportsbook
March 21, 2022, 05:54:49 PM
#22
buying shouldn't be a focus of the fiat value but rather a focus of how many btc is available in your custody.
There's the connection of its fiat value and the quantity of bitcoin that you can get.

Whether you focus on the quantity that you're going to invest but your pocket is empty. You really have to wait until the price drops so that it's more affordable to you and you'll be getting more bitcoins.

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's no difference on it because whether you want to take more, you still need to consider the price of bitcoin upon purchase. The lower the price, the more that you can get unless you don't mind that and you're the regular DCA guy and you'll do that until you're satisfied.
hero member
Activity: 2660
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Vave.com - Crypto Casino
March 21, 2022, 12:03:24 PM
#21

For other non-quality coins, you need to have more of it in order to feel that you have earned some decent profit because their supply is huge which can make their value less.

Are you sure of this? I think pricing of the coin is the reason here. You not comparing the price of bitcoin to altcoins . You can get loads of altcoins with just one btc so it is not exactly about the supply of the coin but the price. There are some coins that have lesser than 21m supply but they are not priced high like btc. So use of the coin does matter. So because you have large number of the coin reflects on the profit, bitcoin is not cheap but highly valuable because it is decentralised.
hero member
Activity: 2730
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Leading Crypto Sports Betting & Casino Platform
March 21, 2022, 10:55:50 AM
#20
Was it the opposite? Bitcoin is already a proven payment method and investment asset so having less of it can still make sense and you can still earn lots of profits because bitcoins value are always increasing due to inflationary properties.

For other non-quality coins, you need to have more of it in order to feel that you have earned some decent profit because their supply is huge which can make their value less. Not sure if I understand you correctly but you are saying that we should continue selling even if the market is falling? And we will use the profit that we make by buying more btc? That's fine to do only if your still in profit but if not then you should not sell at a loss.

Sorry but to me the fiat value of btc is important, we can use that as an indicator if its good to buy now or not and we can use that as a measurement if how much btc we can have with this money we have.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
March 19, 2022, 04:37:17 AM
#19
Sounds like an old gold bug strategy Cheesy
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.

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.
full member
Activity: 924
Merit: 148
March 19, 2022, 04:33:49 AM
#18
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

So you wanna say if you treat bitcoin like early investor then you will get the save profit? It doesn't work like this.



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.


If I already have enough crypto in my portfolio then why da hell should I be willing to get more coins? It is always good to diversify assets and don't go full crypto.


 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.


Sure, people shouldn't give a shit about the price. Just buy a coin at ATH and be a happy idiot.


The major concern for bitcoiners is to make profit no matter the market trend.

Every market works like this. Not only crypto.
legendary
Activity: 2576
Merit: 1860
March 18, 2022, 11:06:08 PM
#17
What are you trying to say?This doesn't make any sense.What's the difference between how many and how much?
Get it right how many = quantity, how much = value that is the difference between the two concept. Let me break it down for If you have 2 plots of land the value doesn't change the quantity of land you posses. If the price drops or rise the number of land you own remain the same.

Now in the area of bitcoin the target is to own more coin not the value. if you owned 0.5btc and the price keeps dropping it's wiser to target a new high before further decline to first sell then buy more in a new dip. hope u get the concept

I'm not sure this is the kind of reasoning running inside everyone's minds right now. I doubt it. We cannot speak of the "how many= quantity" as if it is completely independent to "how much= value." In the first place, the how much is the very reason why people are chasing the how many.

Anyway, I'm replacing value with price, because people are investing in Bitcoin. They're not simply converting their fiat to Bitcoin. I'm more than sure that majority of the people are getting into Bitcoin not because it is decentralized and censorship-resistant and seizure-proof and immutable and whatnot, but because it rises from 0 to $1,000, to $5,000, to $10,000, $20,000, $50,000 and so on.

Frankly, which has more weight to you, 1BTC=1BTC or 1BTC=$1,000,000? Or is it that 1BTC=1BTC only matters because it's price in fiat is generally increasing?
copper member
Activity: 2324
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Slots Enthusiast & Expert
March 18, 2022, 10:25:50 PM
#16
Sounds like an old gold bug strategy Cheesy
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).
legendary
Activity: 2814
Merit: 1192
March 18, 2022, 06:56:08 PM
#15
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.


It's not a case for everyone. If you obtained your bitcoins for free, for instance through forum giveaways, airdrops, signature campaigns, you won't feel the need to sell when price drops.
Also it may not be as easy for you to sell and buy later because you now have clean coins that aren't in any way connected to your real identity. If you send them to an exchange to trade you will not only take the risk of moving them to a centralized operator but also expose yourself to KYC. Not to mention that selling your coins might be a taxable event.
I agree that it's all about quantity and it doesn't really matter at what price you decide to get your coins. The price only determines how long you'll have to wait before you're in profit. If you by an ATH it could be another 3 years, but if you buy the capitulation it could be minutes.
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