Topic: Bitcoin is Interesting - page 2. (Read 422 times)

Okay, but if you are so insightful about OP issues, can you explain the purpose and meaning of creating this thread? I don't understand, except that the OP, who was on the forum for a month, created a short monologue about his thoughts on Bitcoin. Where do you see his questions or requests for help to understand why he came here and what he wanted to say?

And yes, are you sure that he will read all this?

As you can see, I’m not the only one who doesn’t understand this

Bitcoin is one of the tools you can counterattack inflation but I beg to differ with the term only way and that too coming from literally Bitcoin newbie.

Even though I am Bitcoin maximalist I won't recommend you to have an investment portfolio only filled with Bitcoin and in fact, you can go up to 30-40% but anything more then you are risking which can pay you more than any other investment but it also contradicts the basic thumb rule of being successful investor which is don't put all eggs in one basket.

So I would take the conservative investment strategy to keep the risk in balance so even if bitcoin is going through bad days the assets from other secotrs may compensate and not give the panic of I lost everything.

The most important thing is not to force your situation. I mean when you are obsessed with Bitcoin investment you can ignore your needs and that will mess up your financial management.
What you need to know first is how much money you make. how much do you need to spend? how much can be left for savings? and you can invest the rest in Bitcoin.
What you should also know is that Bitcoin will not change your life in a short time. enjoy the process never give up.

interesting and more interesting as a consideration why many people suggest why BTC is always a good choice for those who really understand the market is that BTC has always been a game changer in the market.

When BTC is corrected, for example today, look at meme coins and those that don't have fundamentals, their prices immediately fall by 30-40% and BTC is still in good condition. This is what differentiates potential coin investments from ordinary ones.

Whether the Bitcoin investment is small or large, it is of course most important that you participate in the investment. If you normally invest $100 as part of your Bitcoin investment, you can definitely use the DCA method to reach your goal of growth. DCA method is the most important in Bitcoin investment, because you can invest any method you consider on weekly monthly basis. But after two weeks you can take part of the investment and increase your investment based on your income.

Bitcoin is one of the interesting projects to deal with because it's doesn't end in a way we expects, rather it becomes very smooth for everyone of us and we shoud be making more efficient ways to accomplish top goals. Talking about lateness, nobody have a clear idea about the potential exploring opportunities bitcoin can offer and we should always take into consideration how to spot out easy buying of bitcoin and selling.

We have heard different stories of people who regretted not investing on Bitcoin earlier before now when they had a lot of money to invest but they didn't and that is how life is because there were also people who actually took the risks and invested on bitcoin then and most of them are now millionaires and has good amount of Bitcoins in their individual portfolios and now that you are making this regrets is still the best time to invest because Bitcoin is yet to create more shocking history in the near future so the advice is just the same, buy and hodl.

It is never too late to start from somewhere, bitcoin will always present you with the opportunities needed to make it and live by hope, if you can take decision today and start from somewhere, you may not have to remember the past again than having focus on the future, you should also be grateful that if you had invested long time ago, you might have lost your asset due to any silly mistake and missed out as well on that opportunity of securing it.

It not too late to start your bitcoin investment journey, however create a passion for your bitcoin journey, don't only see it as an option to invest in because of inflation in your country, see it as a financial investment to secure your future as you've rightly put. Of course you can invest in bitcoin no matter how small it is, a very Good method to use in doing that, is the DCA method, which allows you gather the little much you can, no matter the price range. First thing you need to do, is build your knowledge of understanding about the Bitcoin concept, then you can gradually start in investment. The forum is open for you to ask questions on where you need clarification.

Yes, if you invest in Bitcoin and hold that investment for long term then surely you'll end up making profit from that investment, but before investing in Bitcoin you should learn about Bitcoin investment and personal wallet. You should also learn about cold and hot wallets so you may not face any issues with your investment.

I also suggest you to follow a good strategy for investing in Bitcoin. I personally follow DIP+DCA strategy where I invest a certain amount in Bitcoin when I see huge dips and then I keep doing that whenever there occurs a dip. That way I can accumulate more Bitcoin with the same amount of money.

First please try posting your thoughts in the normal way, even if you are using your mobile phone. The way you have posted it looks like a wall of words which does not make any difference but it hinders my ability to see through your thoughts. Please do use simple paragraph structure which allows anyone with eye sight issues to read it clearly and understand it to reply.

Let's talk about the issue, it is nothing but FOMO, if you do not understand what is it then do a google search.

Well, it is good you have now know the importance of investing in Bitcoin and you understand it is a reliable asset. Before you plan investing bitcoin you have to understand that bitcoin is good when it is a longterm investment and this is not like other investment that you can predict when to get profit. Bitcoin is unpredicted and you need good patience for you to hodl this asset. Bitcoin is an asset that you can't really depend on it to solve daily problems, as you are investing bitcoin try your best to increase your income by having some other sources of income, this will help you to have good concentration on your investment and not having thought of selling because of financial challenge that needs to be attend to.

Perhaps I clearly see your point but I feel at this point this is absolutely not what op needs as his just here newly or he just arrived, withdrawal shouldn't be the goal yet from an obvious point.

Basically you do not expect someone who just came in to start making withdrawals are you ? I guess no right! That's why I dropped the other thread which is more focused and more like an ELI5 thread for beginners in the journey of bitcoin investments, it's a foundation thread by JayJuanGee


So what I'm just letting you know is that the link embedded in your above post is more of a project development of @bitmover, it's about a website which he established for the @JayJuanGee (JJG's sustainable Bitcoin withdrawal/portfolio maintenance strategies)

I know what that thread is for dude and I aware what I replied here because simply I am not a spammer.

DCA is a strategy mostly used for investors and their entries but it can be used for withdrawal strategy too and it's JJG's thread is about. The thread you share is part of JJG's investment ideas and strategies. The thread I shared is part of JJG's investment ideas and strategies but for withdrawals.

Did you see I share links to DCA for entries?

Investors must do both activities, invest, enter the market and exit, withdrawal money from the market and portfolio.

Perhaps, alot of people had not realised the impact of bitcoin in their financial situation but as time went on and having seen the consistent result of bitcoin, most who didn't take the opportunity around the time they heard of it now are taking it more serious and investing aggressively, thank goodness you found out that bitcoin could a be hedge to inflation of any kind at this time and the nearest future so putting your stash of dollars into bitcoin is a good idea but it wouldn't be a good one if you consider bitcoin a get reach scheme as you might be able to get profit from it in a short time when maximizing the volatility opportunity but if done wrony could lead to a total regret that is where a lot of people who has been calling bitcoin a scam has failed so for your investment to be at least okay you need some few prerequisites which you have first taken the 1st step by joining and asking questions in a community like this.

As long as you believe in bitcoin you can start with anything amount you have and grow it gradually to a good level that you can begin to practice withdrawal strategies but that will be in a very long time so taking profit shouldn't be your target for now but solely putting your little dimes in frequently should be your concerns.

I believe you didn't go through the link you provided, innit? This thread is the advanced strategy which is more of withdrawal than investment.

here is the actual thread you wanted op to look at; JJG’s Outline of Bitcoin Investment Ideas

Usually what they only think that bitcoin is fast earning scheme to them that's why they got surprised on the technicalities showing up on them that's why they can't handle well when certain unexpected situation happened especially when the market collapsed. That's why they got panic and lose their money with this scenarios. If they experience to lose on that way then they cried and tell bitcoin is scam, but they forget to realize that they are the one who commit a mistake since if they just do a research a lot about bitcoin then they can avoid losing money from this asset.

Later on they realize that long term is the best when they already tested out how risky to invest on short term for bitcoin. So I guess investment on bitcoin is really for though guys since emotional people can't handle the unpredictability of bitcoin. Also they fail to understand on what you are pointing out since for them bitcoin is just investment where they can buy at low price and sell it when price goes high.

If you used banks for bank transfer, you already used digital currency whether you are a fan of digital currency or not.

All these sentences mean you already understand about Bitcoin's past ROIs and you already invested your income, money in Bitcoin.

Bitcoin in long term can help you to gain more profit, get richer but financial stability, I don't know. It's because itself is a volatile asset but we can expect in future, when its price becomes higher, market cap becomes bigger, its volatility will become smaller. When its volatility becomes smaller, you can get stability in your portfolio with bitcoin but I don't know when that time will come.

I don't know what is your strategy for investment but I suggest you to use DCA strategy.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
Websites for Dollar Cost Averaging DCA
https://dcabtc.com
https://costavg.com

Stupid is not permanent. Stupid can turn smart if the desire to do it is strong.
Every year will be missed and economic conditions will not be as good as thinking. Every year the global economy faces the challenges that will be faced so that it has an impact on many sectors.

The right way to anticipate the uncertainty of the economy by investing in investment assets that have value. Here Bitcoin becomes a digital asset that can be a solution. If not necessarily with bitcoin, gold enters the option to plan a better future than storing Fiat which is at risk of losing value due to inflation.

Bitcoin in small amounts will not get large amounts of "profits" because Bitcoin is not a fast -rich scheme.

Personally I think people that have issues with crypto related stuff are likely having a hard time understanding how they work. Similarly people who view Bitcoin as a scam or get rich quick scheme are those that are reluctant to getting valid information from reliable sources like Bitcointalk about it.

Although you really don't have to invest a lot in Bitcoin to be regarded as an investor the truth is Bitcoin investments are more profitable for those that invest more and most especially for a longer term. Another thing I think some people fail to understand us the fact that Crypto currency is more like the future of digital banking,and Bitcoin being  the Og of the crypto space makes it one of the safest crypto investments.

It's good you were able to identify your flops and the area were you need to take actions. Am not sure of the category you belong (Newbie or expert), but it seems you've already figured out that Bitcoin investment is a clear way for you sustain especially in the current inflation you are experiencing. Mind you, as the BTT forum would say: "Bitcoin is not a get rich quick scheme". investment in Bitcoin does not work like magic or fairy tail fantasy. You need the knowledge (which you can get from this forum and your research), resources (funds), patience , and other things that other members might suggest to you.

I think most members would suggest the DCA method of investment to you, which you should be able to carry out at all cost since you are eager to do this. There shouldn't be any pressure in trying to build your investment. Try to be consistent, have all the things I mentioned above (very important), and see what happens as time goes bye. Before I forget, since you are investing for the future which I don't know how long, you should choose between a long term or short term investment plan. Wish you success on your journey.