Bitcoin price motivation benchmark: - page 2.

Ojima-ojo

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Quote from: davis196 on May 25, 2023, 06:33:33 AM

Quote

Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.

Do you say that you could predict the price movement of Bitcoin? Congratulations, you must have become a millionaire by now. Grin

I wonder why many Bitcoin investors cannot predict the movement of this so called "cycle", which determines the Bitcoin price? Grin

How does the centralization of a coin affect its demand? Even centralized coins can have high demand and increasing prices.
I'm not talking about the pump & dump shitcoins(or meme coins), where the price is artificially pumped.
The level of decentralisation has little to do with the market forces of supply and demand.

Stop being sarcastic mate, I did not say I can predict the price of Bitcoin within a cycle, what I mean is that Bitcoin market speculations are based on a 3-6 months cycle to declare market conditions be it a bear market or a bull market.

Regardless we can only speculate the price bitcion without any third party needed.

suzanne5223

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Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

Knowing that Bitcoin is volatile in DCA pricing and also having a balanced market that shows not too much of a sign, e.g. 50% price movement within a few hours which is a sign of pump, or a drop in price significantly below 50% which is a sign of dumped.

I am happy you have a solid enthusiasm for Bitcoin but I don't agree with you when you said the market is showing 50% price movement which makes it hard to differentiate whether it's going to pose the bear or pump trend because whenever there's network congestion or a huge number of an unconfirmed transaction the Bitcoin market is always prone to dump in price.

AakZaki

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Quite impressed with the 100% BTC Portfolio, you really believe in bitcoin and indeed it is a good long term investment compared to many altcoins that are held. But if I make an investment, maybe 70% I will allocate for Bitcoin and the remaining 30% I will put into a potentially good Altcoin. Because we also need to make movements in several other altcoins. Doing DCA is also a good strategy to continue to accumulate Bitcoin assets.

Husires

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Investing in altcoins is good if it is according to a specific strategy and for a short period it can be a good tool to collect more bitcoins, but buying and hoping to make a quick profit is not a wise strategy as you are not diversifying investments but rather exchanging an asset with a discount as the simple definition of the asset is any Something that has value in itself and has demand, and assuming that altcoins do not have value in its own right, then demand is what will move the market.

The demand for Bitcoin is continuous and for altcoins is seasonal, so it is foolish to bet on it.

Try as much as possible to avoid investing when everyone wants to buy an altcoins or when there is a rise in the price.
Work hard to know the factors that will lead to an increase in demand in the short term, including an increase in the price, and some of the factors that may lead to an increase in demand is an increase in currency burning, technical development, and others.

davis196

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Quote

Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.

Do you say that you could predict the price movement of Bitcoin? Congratulations, you must have become a millionaire by now. Grin

I wonder why many Bitcoin investors cannot predict the movement of this so called "cycle", which determines the Bitcoin price? Grin

How does the centralization of a coin affect it's demand? Even centralized coins can have high demand and increasing prices.
I'm not talking about the pump & dump shitcoins(or memecoins), where the price is artificially pumped.
The level of desentralisation has little to do with the market forces of supply and demand.

ancafe

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Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

For me Bitcoin has been my 100% portfolio and up to this point, I am glad that I choose that part even though Bitcoin price has undergone a lot of changes lately, my BTC vs $ balance has shown green and also red-negative movements which is a pointer to the activeness of bitcoin volatilities.

Talking about bitcoin volatility can sometimes be very unpredictable and a 100% portfolio of dibitcoin assets is much better than trying to get the top altcoins to hold onto. But not everyone thinks the same and most will try to put a few percent on the top altcoins and in a bull market they will benefit according to each person's investment pattern.

Because the top altcoins can also make profits when people can take advantage of conditions, regardless whether altcoins follow the bitcoin trend or not because in essence trades are made only for profit and even though they don't ignore risks.

Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

Knowing that Bitcoin is volatile in DCA pricing and also having a balanced market that shows not too much of a sign, e.g. 50% price movement within a few hours which is a sign of pump, or a drop in price significantly below 50% which is a sign of dumped.

People who have much smaller capital still have great confidence in DCA, even though the level of price and market stability is not balanced, but if the investment pattern is long-term and our capital is much less then this is the only opportunity we have. It is this price volatility that can sometimes lead someone to take advantage of much larger purchases, when prices can show a 50% or more drop, regardless of how much capital they have to enter the buying market.

dunfida

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Quote from: CarnagexD on May 24, 2023, 09:08:01 AM

Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

For me Bitcoin has been my 100% portfolio and up to this point, I am glad that I choose that part even though Bitcoin price has undergone a lot of changes lately, my BTC vs $ balance has shown green and also red-negative movements which is a pointer to the activeness of bitcoin volatilities.

Knowing that Bitcoin is volatile in DCA pricing and also having a balanced market that shows not too much of a sign, e.g. 50% price movement within a few hours which is a sign of pump, or a drop in price significantly below 50% which is a sign of dumped.

Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.

Well bitcoin is more stable than other altcoins next to tether. It's nice for ou that you already know what asset make sense for you the most holding and it's 100% btc on you. It always lie down on how much level of trust do you have of what you are holding. Because if you have too little, tendency is you will sell it on fake dumps.

I also think that you have a very clear timeline which sets the tone for you not to be fearful when market is tanking but to DCA. You had a plan laid out which separates you from other losing trader/investors. Knowing that the market move in cyclical manner would be a good mindset to stay on your lane and continue following your plan until it is achieved.

Gone are the days on which it could really move 5%-10% a day which it turns out to be a normal thing on day to day basis but now we arent moving that much unless if there would be some significant news or totally
that random movement just because there are some whales who had sold or bought huge chunks of coins on which it did really cost some impact but not really that much.This is really the best or good thing on having that huge community support or market on where it cant really be just dumped all the way because there are lots who had been waiting to buy in the dip. If for OP had made 100% on his portfolio to be Bitcoin then we do have our own choice because its our money after all.

Keeping having that DCA would be always the key on making your port grow despite of the lessening or dumping of its fiat value.We are holding for long term on here and it cant
really just be avoided that there might be some emotional effects or anxiety in towards your investment but if you are really having that kind of belief then you would really be having that fixed target.

Strongkored

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Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.

Bitcoin is indeed more able to provide certainty of profit for long-term investments but altcoins can be used as a way to increase our number of bitcoins if one of the altcoins we choose turns out to be pumpable by someone else and we benefit from this action, only that is too speculative because like what you say is too centralized so that developers or anyone who has a large portion of holding the altcoin will have the opportunity not only to increase the price but also to drop it to create panic so that we are very likely to sell at a loss, so Bitcoin is better for those who like calm and who prefer it for the long term.

CarnagexD

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Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

For me Bitcoin has been my 100% portfolio and up to this point, I am glad that I choose that part even though Bitcoin price has undergone a lot of changes lately, my BTC vs $ balance has shown green and also red-negative movements which is a pointer to the activeness of bitcoin volatilities.

Knowing that Bitcoin is volatile in DCA pricing and also having a balanced market that shows not too much of a sign, e.g. 50% price movement within a few hours which is a sign of pump, or a drop in price significantly below 50% which is a sign of dumped.

Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.

Well bitcoin is more stable than other altcoins next to tether. It's nice for ou that you already know what asset make sense for you the most holding and it's 100% btc on you. It always lie down on how much level of trust do you have of what you are holding. Because if you have too little, tendency is you will sell it on fake dumps.

I also think that you have a very clear timeline which sets the tone for you not to be fearful when market is tanking but to DCA. You had a plan laid out which separates you from other losing trader/investors. Knowing that the market move in cyclical manner would be a good mindset to stay on your lane and continue following your plan until it is achieved.

aylabadia05

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Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

[snip]

Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.

I am happy when I read this. The average altcoin is just a disposal even though there is a small percentage of altcoins that have good potential to save because their price also depends on Bitcoin and the returns are also quite good when the price of Bitcoin increases, but the decision to make a 100% portfolio without altcoins is a good decision.
I also do the same. Early in 2023 I have also cleared all the altcoins in my portfolio and it gives me a clean view when I occasionally open it.

TravelMug

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Quote from: dansus021 on May 23, 2023, 09:35:34 PM

I would say you are bitcoin maximalist hehehe there is a lot of user like you who only invest in bitcoin only and are focused on long term. is it good too if you continue DCA the bitcoin.

But are you really didn't want to taste the volatility of altcoin? I know that some of altcoin is pump and dump scheme but there is good coin like ETH or BNB and ADA

Yes, there are for sure, we don't have the numbers, but with the way the community works and see how OG here like in this thread like? Wall Observer BTC/USD - Bitcoin price movement tracking & discussion, majority are bitcoin maximalist.

And who is to blame, bitcoin has been the prime mover so it's the first crypto that everyone knows and probably it's the only one that entice us to join here in the first place. So best of luck to the OP and to the rest of bitcoin maximalist who continue to accumulate. Those individuals who are really tough because they have to go a lot specially in the bear market but just continue to accumulate.

Doan9269

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Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.

If one is in need of a reliable cryptocurrency to invest with and come across bitcoin then such person should be lucky because he has landed well with the right currency, what else should one look after again in other cryptocurrencies than to hodl and monitor his bitcoin investment, going for alts is just nothing but an advanced degree of going into risk taking by investing in them, those that have invested on altcoins and later discover bitcoin got discouraged and go for bitcoin, they have considered it's value and applications as well as it acceptabilities.

Similificator

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Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

For me Bitcoin has been my 100% portfolio and up to this point, I am glad that I choose that part even though Bitcoin price has undergone a lot of changes lately, my BTC vs $ balance has shown green and also red-negative movements which is a pointer to the activeness of bitcoin volatilities.

Knowing that Bitcoin is volatile in DCA pricing and also having a balanced market that shows not too much of a sign, e.g. 50% price movement within a few hours which is a sign of pump, or a drop in price significantly below 50% which is a sign of dumped.

Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.

Good for you OP, congratulations on your wins. Bitcoin truly is a good choice when you have a good amount of $$ to use as capital. Saves you from a lot of headaches. It is indeed volatile but not too much compared to other altcoins though, specially sh*t/meme coins.

While I think that going for bitcoin is a good choice, it would also be great if you'd try to venture into other altcoins as well and expand your portfolio for better opportunities in getting higher profit percentages. If sh*t/meme coins are still too much for you right now, there are also well reputed altcoins available out there that are not as risky. Afterall, placing all your eggs in one basket isn't really a wise decision.

Just always remember to create a different investing strategy for altcoins though, since altcoins are a lot more volatile that bitcoin.

michellee

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Glad to see you believe in Bitcoin and make Bitcoin your main investment. And if you manage to buy bitcoins at the lowest price, now you just have to watch the price movement while still doing DCA to have more bitcoins.

But you still have to be patient again because the condition of the bitcoin market is still like this for a while, and we don't know when the bitcoin market can get bullish again. And waiting while buying is still a good way to see the market turn around again.

And our motivation as bitcoin investors is to get big profits in the future when bitcoin prices can go up. That's why we have to have more bitcoins to get those big profits.

mamesso

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Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

For me Bitcoin has been my 100% portfolio and up to this point, I am glad that I choose that part even though Bitcoin price has undergone a lot of changes lately, my BTC vs $ balance has shown green and also red-negative movements which is a pointer to the activeness of bitcoin volatilities.

I'm glad to hear, you managed to form a clear idea of the crypto assets worth adding to the portfolio. Even though there are many other competing crypto assets, the cryptocurrency market is still dominated by Bitcoin. Overall not all cryptocurrencies are created equal, although there are some Altcoins that investors may find useful, Bitcoin remains the top choice.
Bitcoin has better investment fundamentals than most of the other altcoins. Bitcoin is the most bought, held and traded cryptocurrency on the market, it is only natural that you choose to fill 100% of your portfolio with Bitcoin.

dansus021

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I would say you are bitcoin maximalist hehehe there is a lot of user like you who only invest in bitcoin only and are focused on long term. is it good too if you continue DCA the bitcoin.

But are you really didn't want to taste the volatility of altcoin? I know that some of altcoin is pump and dump scheme but there is good coin like ETH or BNB and ADA

Hamphser

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Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

For me Bitcoin has been my 100% portfolio and up to this point, I am glad that I choose that part even though Bitcoin price has undergone a lot of changes lately, my BTC vs $ balance has shown green and also red-negative movements which is a pointer to the activeness of bitcoin volatilities.

Knowing that Bitcoin is volatile in DCA pricing and also having a balanced market that shows not too much of a sign, e.g. 50% price movement within a few hours which is a sign of pump, or a drop in price significantly below 50% which is a sign of dumped.

Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.

The good thing on dealing up with Bitcoin is that it cant be easily be dumped unless if all the whales would be deciding on dumping it on one go + the market is really been that having the feeling of FUD which would

make the situation gets more worst. This is why it wont really be that shocking about or in speaking about volatility because we know that this had been a main reason on why people been dealing or holding
their bitcoins because into its potential possible price movement in the future. We cant really just ignore on whats standing on the top of the market which does indicate that it does
have that huge main community support which is already sitting around on a decade. Its up to you on which one you would really be tending to support or invest on.

arimamib

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I admire your level of establishment I mean you have allocated the funds you have in btc 100% and this is really a pretty good thing you have done. The motivation that will be the main thing is to buy and keep buying when the price is cheap. I think your option is to hold back until you really get a sizable profit from the investment you make.

Btw, I'm interested and quite agree that the DCA strategy is good enough to apply to our investment pattern because this will increase our confidence to buy btc in every period that we do. Do not measure progress in the short term with any other coin than btc because it can affect your mentality to hold in the long term. I think roi btc is more promising than other coins like following the coin hype which will have a bad impact in the future

Baofeng

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Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

For me Bitcoin has been my 100% portfolio and up to this point, I am glad that I choose that part even though Bitcoin price has undergone a lot of changes lately, my BTC vs $ balance has shown green and also red-negative movements which is a pointer to the activeness of bitcoin volatilities.

Depends on your entry level, if you have been keeping BTC since it's bottom last year, for sure it's been great already. Bottom price is $15,500 and current price is $27k, so that is a big jump in price movement.

Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

Knowing that Bitcoin is volatile in DCA pricing and also having a balanced market that shows not too much of a sign, e.g. 50% price movement within a few hours which is a sign of pump, or a drop in price significantly below 50% which is a sign of dumped.

Doesn't matter if it is volatile though, If you are here for the long haul, then you will just continue to do DCA regardless of the price. And that is the beauty of using this strategy.

Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.

Yes, but still, there are a lot of factors to look at and we can all just make our predictions based on his historical past.

btc_angela

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Quote from: Ojima-ojo on May 23, 2023, 11:34:34 AM

For me Bitcoin has been my 100% portfolio and up to this point, I am glad that I choose that part even though Bitcoin price has undergone a lot of changes lately, my BTC vs $ balance has shown green and also red-negative movements which is a pointer to the activeness of bitcoin volatilities.

Knowing that Bitcoin is volatile in DCA pricing and also having a balanced market that shows not too much of a sign, e.g. 50% price movement within a few hours which is a sign of pump, or a drop in price significantly below 50% which is a sign of dumped.

Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.

Good, in my case, it's like 90%+ on my portfolio. I just have 1 or 2 altcoins that I have invested for this year (no meme coins or shit coins for me). And I guess I have been long enough in this market that I'm no longer affected by the volatility. I just continue to buy whichever way I can, and just HODL.

For the majority if might be the case or not. Specially for newbies because it's really difficult to do that, buying in years and just day by day grind or weeks or months and seeing your portfolio growing when the price goes up, and then in this bear market, sideways this month alone.

Topic: Bitcoin price motivation benchmark: - page 2. (Read 337 times)