Topic: Bitcoin is a game of quantity - page 3. (Read 516 times)

I don't think we will see that price level again, the $8k level. They may want to re-assess the situation because they may be wasting their time waiting for that price. Anyway, the good thing about bitcoin is its fixed value. And a lot them are already lost, forgotten in circulation. That means, we have lesser amount of bitcoin that can possibly circulate in the future. And that may contribute to the increase of its value thru time because of the limited supply but more demand in the market.

Bitcoin game is a strategy to make it a futures investment or take advantage of a price movement
while value and quantity are two things that I think are the same for the holders only the difference is the trading strategy for profit (long term / short term)

A game of quantity since the supply is very limited and only 21 million will ever be in circulation. Panic is a part of human nature, and it shows that we have emotions, and why we respond to price drops, even long-term investors experience it, it all depends on how our minds are prepared to hold.
Unless you want to do a dollar-cost average (DCA) or buy when the price drops, bitcoin price is often difficult to predict. I know a lot of friends who are still waiting for the bitcoin price at $8000 bid order line up on exchanges, and bitcoin has yet to visit that low price.

Those who hoard bitcoin years ago and have them now already realize this, buying at the lowest price will give them more chance to acquire more bitcoin. At the price now of bitcoin it’s hard to have many bitcoins now but can still be profitable after a while if will be able to sell them in the future at a higher price. When it comes in bitcoin it’s on how long we can wait to save them and not sell them even when the price gets higher. Apparently, only few is able to not sell when they already in profit.

Sometimes people can only say that they really believe in bitcoin and its future potential, but in reality they never have bitcoin in their wallets. It doesn't seem reasonable to me because they have lied to themselves for nothing.

DCA is good advice for bitcoin investing and may be especially helpful when the bitcoin price down an erratic correction. We are in a period between $35K and $45K where both have become support and resistance after the $69K ATH. We could just buy bitcoins and take advantage of a correcting market and collect as much as we can, but there's nothing wrong with DCA as bitcoin can still go down even if it tries to recover above $40K.

It is sure that every investor anticipate for profit but not at all cost. I know that investors want to maximize their profit. They go for higher profit and not just any profit. For example waiting for low price to buy more is not same profit when you buy higher price. The profit when you buy now at $40k isn't same profit if you buy at $50k, so the profit are not the same. And yes if you buy lower, you buy more in quantity.

The idea to "have as many bitcoin as you can" instead of "have your bitcoin worth as much as possible" as a way of investment changes the approach people could have in crypto investments. The reality is that, if bitcoin dropped to 100 bucks today, I would buy dozens of bitcoin without thinking, there will be plenty of people selling (hence the drop) and imagine bitcoin is over, but why I invest into bitcoin will never be gone unless there is a hacking or something going on.

This is why crypto is almost always great and I want to own more crypto, my aim is not to have my crypto worth more even though that would be great, it was never my intention.

Is a fact that when the price of bitcoin increase or decrease, the unit of Satoshi still remains constant.

People must panic when price drops because if you are not hodling for a long time, you are hodling for short time and short time requires to sell at appropriate profit time and if at the time you are about to sell then it starts to drop, panic set in. You talk about not looking at price dropping but to keep buying but this isn't easy, things are difficult.

Currently, there is no other possibility of buying bitcoin with any other asset other than fiat. Because the base currency is often the same for the average number of people. I am not considering an altcoin millionaire, they can buy heaps of bitcoin with their altcoin.

So it boils down to one spending fiat to buy bitcoin. Therefore the price will lead you into a net profit or a net loss situation. But you can increase your stash of bitcoin gradually over time as more and more dips happen. Buy during every dip, depending on your mileage and soon you will have a stash worth boasting of, though I dont recommend boasting.

In the long run, this will pay off because then you will have enough to sell on a bull market and recycle the money over and over again. Just keep track of the movements and go opposite - that is sell when bull market arrives and buy when bear market arrives.

As long as fiat is involved in buying btc there will always be concern for the price if it drops below the buying price, you target to own 1btc for instance, you will also determine when is the best time to buy it, at the top during ath or when there is a correction! It is impossible to ignore the price value simply because you intend to increase the quantity. They are both important factor to consider.

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

What are you trying to say?This doesn't make any sense.What's the difference between how many and how much?
I get what you are saying about general assets needing quality,in order to guarantee their high value.
Stocks,that are issued by good and profitable companies get a higher value.Gold that has 24 karats is way more valuable than gold with lower karats,because it's purified.
I guess that you are trying to say that Bitcoin is different and more special than the traditional financial assets,which isn't the case.At the end of the day,most Bitcoin traders/investors are buying/selling BTC in order to get more fiat profits,not to acquire more Bitcoins.

At some point you will panic if you need to use that money in case of emergency or for urgent use such as paying your bills, electricity fees, rent, housing and other basics of life.

Also, the behavior of Bitcoin recently has become similar to stocks and therefore it is difficult to find the necessary liquidity to buy more, which means that you have to think of Bitcoin as an asset to buy from with money that you do not want to use (you have to be wise to have such a surplus) or take the risk And invest all your unnecessary money in it.

In general, even if you do not buy more, try as much as possible not to sell unless your goal of buying is achieved, at some point you will sell sooner or later.

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.

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