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Topic: Bitcoin is headed for the stars, but... - page 2. (Read 972 times)

copper member
Activity: 493
Merit: 170
BountyMarketCap
December 28, 2020, 07:27:59 AM
#50
Now the situation is completely different. There was a lot of hype on the internet in 2017 as it was a breakthrough for Bitcoin. Many had bitcoins on their wallets, and did not particularly follow them, and then the media environment was filled with news of a sharp rise in bitcoin. In 2017, there were few prerequisites for believing that bitcoin would go above 20000$, so many owners sold all their bitcoins at the peak of its price and did not buy bitcoins again in the following years. Now the situation is completely different, more and more institutional investors invest their funds in bitcoin, the largest companies accept bitcoin as money, so I believe that the price of bitcoin will not fall below 20 thousand dollars, you can safely buy bitcoins, since everything preconditions indicate a further rise in its price.
legendary
Activity: 2576
Merit: 1043
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December 28, 2020, 05:23:31 AM
#49
Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.
This might sound bad but I feel pity for the investors who put their trust into the so-called analysts who said that Bitcoin will go down to 0 or Bitcoin will go lower throughout the years. I feel pity for those investors who followed this pessimistic analysts.

Now we are seeing Bitcoin pushing its price towards the $30,000 although we saw a small correction right now. TBH, I didn't expect this to happen. My year-end prediction is $15,000-$16,000 but it didn't happen. Many didn't expect this price movement of Bitcoin. Just hang on with the Bitcoins that you are holding. If you are capable to add more then do it gradually. Just don't starve yourself like the OP has said Cheesy. Balance your investment and your lifestyle still.
legendary
Activity: 2898
Merit: 1823
December 28, 2020, 03:23:08 AM
#48
It takes a lot of time to use cash with Bitcoin Many countries do not use Bitcoin and have no knowledge of Bitcoin. However, most traders prefer to invest in Bitcoin rather than cash. They keep their Bitcoin wallet for long-term investment to make more profit if the price goes up. Currently Bitcoin is in a much higher position and there is an opportunity to reach a better position. After a long time for cash need to convert to fiat currency. The demand for Bitcoin as a currency is much higher.


Profit is the motive, and if our greed is the only way to force all of us to HODL, and have a fall back/back up in case the government can't control the monetary system anymore, THEN OK! HODL!
hero member
Activity: 2968
Merit: 687
December 26, 2020, 05:57:22 PM
#47
Bitcoin is headed for the stars, but to make the most profit, the Big Bitcoin Investors are causing BTC to jump around a bit. Bitcoin hangs at $20,000... going up and down, say, $500. Then it does the same at $21,000, and $22,000, and $23,000. All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.

Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

Cool
Its just dumb for you to hold like forever if you don't have something to it and just focusing into your investment to grow.Its just not on someones right mind to have that kind of behavior.

Sell when in need of food or in need of expenses and don't regret on getting those you had invested even though it might really be decreased up but still nothing is important other than
survival.

Some people do make out investment with their extra money and some do go all in and we can really tell the difference among the two regarding on the actions
that they had made.

full member
Activity: 1190
Merit: 117
December 26, 2020, 05:53:45 PM
#46
We all want a large profit from Bitcoin, but don't let investing in Bitcoin use a daily budget or borrowed money as capital. Always use
the money that we can afford to lose, or extra money that we have as capital. That way when Bitcoin experiences a bullish trend like now,
we can keep our Bitcoin holding and hope the Bitcoin price can go up even higher. Without worrying, the Bitcoin price could fall at any time,
because if that happens we can calm. Because there is no need to cut losses, and we can wait for Bitcoin to recover.
hero member
Activity: 2828
Merit: 518
December 26, 2020, 05:52:30 PM
#45
some people are worried of price fall.....many of us have been in the game for 10 years. 1000's times during past 10 years we have heard that price may fall and lose everything but as time goes BTC crosses 1,2,3,4,5-digits and will (with 99% certainty) continue to grow in value especially now when it becomes so popular wordwide. as some people would say "what if it falls to 10K"? Nothing. wait a bit it will regain and beat last ATH again. No one can predict what will happen in 10 years but as of today Bitcoin is the best investment you can think of. Anyone can offer better investment idea by the way? We all be very happy to hear Smiley
What if the price falls? Some will be happy while others are not.
If you wanted to buy back again with Bitcoin, you will probably be happy when it dumps. Because for me, I have to make a sell off this time.

It is to realize how the market falls last 201 and it can be possible to happen again. If we make a hold this time because we don't yet need the money, there is no wrong with that but we should be cautious in every market change, dumps can't also be predicted. I was anticipating it first rather to feel regrets just like in 2017.

hero member
Activity: 1666
Merit: 709
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December 26, 2020, 05:31:40 PM
#44
The price can go higher, thats really possible however be certain on your limit. Its fine to take profit at times and enjoy your earnings, thats the reason why we're investing right? If you can wait longer to witness how far the price can go and you're willing to take risk the money you invested then forget for a while the market and come back after few months or years, it depends on you.

Nevertheless invest the money that is not meant for important things and you can live without so there's no need to panic or be in hurry to sell just because you dont have food to eat already.
Taking and selling your Bitcoin when emergency calls for will not matter about profit or loss, you can sell it off at anytime to handle inside emergency, Bitcoin is always here, and its for those that breath, and I don't think there is any money you can say is meaningless, investment money is hard earn money, you put-aside for investing so its still money and will solve financial problems of its amount when other ways for getting money for problem-sake, fails.
jr. member
Activity: 80
Merit: 4
December 26, 2020, 05:08:36 PM
#43
some people are worried of price fall.....many of us have been in the game for 10 years. 1000's times during past 10 years we have heard that price may fall and lose everything but as time goes BTC crosses 1,2,3,4,5-digits and will (with 99% certainty) continue to grow in value especially now when it becomes so popular wordwide. as some people would say "what if it falls to 10K"? Nothing. wait a bit it will regain and beat last ATH again. No one can predict what will happen in 10 years but as of today Bitcoin is the best investment you can think of. Anyone can offer better investment idea by the way? We all be very happy to hear Smiley
jr. member
Activity: 236
Merit: 1
December 26, 2020, 08:23:58 AM
#42
Thats the market rules, nothing unusual. People that afraid will market will panic sell everything
copper member
Activity: 2156
Merit: 983
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December 26, 2020, 08:18:31 AM
#41
Bitcoin is headed for the stars, but to make the most profit, the Big Bitcoin Investors are causing BTC to jump around a bit. Bitcoin hangs at $20,000... going up and down, say, $500. Then it does the same at $21,000, and $22,000, and $23,000. All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.

Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

Cool

 Cheesy Cheesy Cheesy Total true its happen to me like any single time i need money to buy food and pay the bills but in the other hand i need to Hold to make profit and bounty hunter like me is hard decision to do  Grin
hero member
Activity: 3010
Merit: 629
December 26, 2020, 07:55:33 AM
#40
The price can go higher, thats really possible however be certain on your limit. Its fine to take profit at times and enjoy your earnings, thats the reason why we're investing right? If you can wait longer to witness how far the price can go and you're willing to take risk the money you invested then forget for a while the market and come back after few months or years, it depends on you.

Nevertheless invest the money that is not meant for important things and you can live without so there's no need to panic or be in hurry to sell just because you dont have food to eat already.
hero member
Activity: 1652
Merit: 569
Catalog Websites
December 26, 2020, 07:39:15 AM
#39
In my opinion many sell their BTC based on their  requirement I agree that there are many of those who sell it when they see some descent profit especially the day traders apart from that I don't think others don't sell unnecessarily because they know it's a million dollar asset in couple of years, and yes the big whales make impact to dump the price so that they can buy it in cheap.
member
Activity: 350
Merit: 37
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December 26, 2020, 05:11:58 AM
#38
These is true as I have heard of people having bitcoin in their account but starving or finding it difficult to pay their bills, they always believe having bitcoin in their wallet and definitely in future the price of bitcoin will continue to increase. It’s good to have bitcoin in your wallet but I wont advise anyone to use the money they can’t lose to buy bitcoin.
hero member
Activity: 2716
Merit: 552
December 26, 2020, 04:56:26 AM
#37

~snip~

Hodling bitcoin is not the sure pattern to have profit. Learning to trade it I think will benefit more to someone. Although anyway way you can lose your investment both for hodling and trading but faster gains come from trading it because a daily trader of bitcoin who makes profit is better comparing just hodling.

As if day trading is an easy task. Yes, trading will give you good and fast profit, but would also give fast and bad losses.
Hodling Bitcoin is less risky than trading, and hodling is a sure pattern to make good long term profit. Did you know how much Bitcoin was priced in 2016? If you do, then tell me it isn't a sure pattern to make good profit.
full member
Activity: 1638
Merit: 122
December 26, 2020, 04:37:22 AM
#36
It takes a lot of time to use cash with Bitcoin Many countries do not use Bitcoin and have no knowledge of Bitcoin. However, most traders prefer to invest in Bitcoin rather than cash. They keep their Bitcoin wallet for long-term investment to make more profit if the price goes up. Currently Bitcoin is in a much higher position and there is an opportunity to reach a better position. After a long time for cash need to convert to fiat currency. The demand for Bitcoin as a currency is much higher.
use cash with btc or btc used as a cash alternative ?
 its not the country that uses a btc but its the people but the ruler of the country can controll if btc is going to pass its standard or no but knowledge cant be control by governments. 
knowledge can freely be acquire online and they can learn btc without the need of using it only for the sake of curiousity .

trader invest in btc because they cant invest in cash but what are they going to earn with cash. if only it was bitcoincash they will earn  .
sr. member
Activity: 1414
Merit: 326
December 26, 2020, 04:23:49 AM
#35
It takes a lot of time to use cash with Bitcoin Many countries do not use Bitcoin and have no knowledge of Bitcoin. However, most traders prefer to invest in Bitcoin rather than cash. They keep their Bitcoin wallet for long-term investment to make more profit if the price goes up. Currently Bitcoin is in a much higher position and there is an opportunity to reach a better position. After a long time for cash need to convert to fiat currency. The demand for Bitcoin as a currency is much higher.
legendary
Activity: 2898
Merit: 1823
December 26, 2020, 01:03:31 AM
#34

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

Cool

Hodling bitcoin is not the sure pattern to have profit. Learning to trade it I think will benefit more to someone. Although anyway way you can lose your investment both for hodling and trading but faster gains come from trading it because a daily trader of bitcoin who makes profit is better comparing just hodling.


You are very very wrong. Zoom out. All the HODLers who bought everything from 2017's ATH, and dollar-cost-averaged to the 2018/2019 lows have made their profit, and will continue to make profit.
sr. member
Activity: 2436
Merit: 455
December 26, 2020, 12:55:27 AM
#33
All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.

That's why technical analysis is important, if you know how to read the price chart, and know the basics of trading, getting scared will never be your option whenever the market is having a huge swing or reversal. In fact, having a huge uptrend and downtrend could give you profits in exchanges that offers like what Binance, Bitmex, Bitamp have, so on and so forth exchangers.

Price prediction is exciting to counter your fear in every pump and dump. Use it as an advantage to increase your savings, not to lose it because you're panicking.
sr. member
Activity: 2352
Merit: 245
December 26, 2020, 12:39:47 AM
#32
Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.
Nice idea.

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.
If possible bitcoin will go $1 million one day, the day is still very far, not 10 years from now because the marketcap needed for that is very high. Did you know that over a trillion marketcap will get bitcoin to just $100000, which means more 10 fold is still required to get it to such price. If more institutions can pump in more money and buy bitcoin, possibly will result to bitcoin getting to such price.

But, what I know is that no matter what, bitcoin price will ever be at increase everytime over long term period. 
I still doubt that Bitcoin will ever reach the $ 1 million price point. It seems to me that the states will not allow him to do this, even if he has such an opportunity. This reallocation of capital is unlikely to please them. Bitcoin is currently priced at $ 24,855 according to CoinMarketCap. Almost the most optimistic forecasts for Bitcoin have come true. For now, we need to set more realistic goals for the bitcoin price, at least at the level of $ 50,000. In addition, it is very important to stay at this price value and not repeat the path of Bitcoin with its fall, which occurred in 2018 after its previous price increase.
member
Activity: 2044
Merit: 16
December 25, 2020, 10:24:06 PM
#31
Profit is profit even big or small, it doesn't matter to me. There will be price corrections for bitcoin but it will surely be up again and traders will always get the opportunities to earn profit from it. In my opinion, if I bought it in low price then i will surely sell it at the current high price of bitcoin and look again for lower price opportunity to buy back.
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