Bitcoin is headed for the stars, but... - page 4.

meanwords

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Quote from: Oshosondy on December 25, 2020, 01:26:25 AM

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.

You actually need more or less $2 trillion for $100,000 each Bitcoin which beats even the largest companies in the world by a lot so $1,000,000 each Bitcoin or $10 trillion is a pipe dream for now because you'll need to make people around the world use Bitcoin as a currency it's as if they are using credit cards or fiat money. USD has $37 trillion worth of money around the world (I don't know if this is accurate but around that or way more) so Bitcoin with $10 trillion marketcap is still nothing compared to USD.

Maus0728

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Quote from: BADecker on December 24, 2020, 05:46:00 PM

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.

If only I have seized the opportunity to learn the complexities of trading, I am now taking advantage of trading the trend whether it be going for long or short and was able to reduce my regrets for not taking trading seriously before before this massive price increase. It's too bad that I feel being helpless for not being able to trade those rare money making opportunities.

Quote from: BADecker on December 24, 2020, 05:46:00 PM

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

Dollar cost averaging is also a good idea regardless of bitcoin's price.

davis196

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Every Bitcoin investor with a little bit experience knows that the Bitcoin price is very volatile.
There might be some panic selling caused by the high price volatility,but the serious crypto traders cannot be triggered by panic.
People,who are investing in Bitcoin usually have big enough income streams,so they can afford food without selling their BTC,so your advise about selling BTC to get food is just irrelevant.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

Yup, that's what I do when I needed to. There's no need to wait any longer for me to hold it if I don't have much left in my pocket. But that don't speak for all of the holdings I've got. And as much as I want to sell, if I've got some altcoins that are also in profit, I choose them first before I choose bitcoin.
It's about what you choose, be the buyer or be the seller. You can be both but be sure when you sell, you just don't sell at losses or just break even. This is market, there are gainers and losers all of the time but choose to be the gainer.

Oshosondy

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Gamble responsibly

Quote from: BADecker on December 24, 2020, 05:46:00 PM

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.

Quote from: BADecker on December 24, 2020, 05:46:00 PM

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.

cryptomaniac_xxx

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Activity: 1344

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Quote from: BADecker on December 24, 2020, 05:46:00 PM

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.

This has always been the cased, whales and big bitcoin investors are manipulating the market.

Quote from: BADecker on December 24, 2020, 05:46:00 PM

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

Of course, common sense dictate that, we always need to bring food in the table for our families specially in this Christmas holidays. So this is very easy decision to sell your bitcoin to buy food.

Quote from: BADecker on December 24, 2020, 05:46:00 PM

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

Cool

As the saying goes, "invest what you can afford to lose."

Lorence.xD

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Leading Crypto Sports Betting & Casino Platform

Quote from: Kelvinid on December 24, 2020, 06:51:05 PM

I used my extra money to invest in Bitcoin and that even I hold it for many years, I can manage to do it since it was out of my daily budget.

However, some investors oppositely doing this, they use their hard work earned money thinking about easy and quick returns. They are blind to see the reality that there is no such scheme in crypto and most it happens that they lose hands and sell it even they are losing. They are just jumping into the boat not knowing where it goes.

We are different people, they see this as a quick cash grab then so be it, they will not affect the prices after all, believe what you think will be good for your future. I was the same back then but I learned from the experience, although it will not be an expensive lesson as what could await them. A proper allotment of what you currently own is the only key to make things work, if you balance from quick cash grabs and long term hodl, I think that you will be at peace knowing that either way you will win.

pooya87

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Quote from: BADecker on December 24, 2020, 05:46:00 PM

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.

In other words absolutely nothing has changed in the past 11 years. $0.01 is replaced by $1 and replaced by $10, then by $20 then by $200,... then by $1200,... then by $20000, then by $....

Quote

Sell your bitcoins if you need food.

They shouldn't have bought bitcoin in first place with the money they couldn't afford to lose!

Darker45

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One problem with a lot of small-time Bitcoin owners is that they've learned the wrong lesson. 2017 was like a traumatic experience to them. And despite many of them hurdled through all the worst days in between 2017 and these past weeks, they will not allow 2017 to repeat. Many of them must have sold heavily when Bitcoin finally registered a new ATH after 3 long years.

Alas, at times, history does not repeat itself.

Kelvinid

sr. member

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win lambo...

I used my extra money to invest in Bitcoin and that even I hold it for many years, I can manage to do it since it was out of my daily budget.

However, some investors oppositely doing this, they use their hard work earned money thinking about easy and quick returns. They are blind to see the reality that there is no such scheme in crypto and most it happens that they lose hands and sell it even they are losing. They are just jumping into the boat not knowing where it goes.

BADecker

legendary

Activity: 3906

Merit: 1373

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

Topic: Bitcoin is headed for the stars, but... - page 4. (Read 972 times)