Now the global economic conditions are very difficult, many companies are bankrupt due to the economic recession, this of course makes us have to be creative, if we only complain then we will not get anything, the best thing right now is investing in crypto which provides opportunities for big profits.
Do you think investing in crypto can solve the problem of global economic recession? Because the condition of the crypto market itself will not be so good when the global economic recession is still happening and to get profits in a global economic recession will not be as easy as you might imagine. Because investors and traders are also very concerned about spending their money on investment matters in conditions of global economic recession. So don't think that what you say can easily be carried out and make a profit. 
Topic: Bitcoin price motivation benchmark: (Read 337 times)
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Now the global economic conditions are very difficult, many companies are bankrupt due to the economic recession, this of course makes us have to be creative, if we only complain then we will not get anything, the best thing right now is investing in crypto which provides opportunities for big profits.
It is important to remember that even if over the long term the overall direction of this market is up, there is a great deal of volatility that we have to face every day, and as such the price can go down for any reason, and if we are not ready for such movements then we may be surprised to see the market going down and then we could take a mistaken decision because of it, and the current market conditions are the perfect example of what I am taking about. 
Now the global economic conditions are very difficult, many companies are bankrupt due to the economic recession, this of course makes us have to be creative, if we only complain then we will not get anything, the best thing right now is investing in crypto which provides opportunities for big profits.
I don't think we will see positive movement next month, the price isn't done correcting itself yet and it will probably go lower from this point and that is what is going to happen next month, the price wills start dropping, and by the time it's done dropping and starts recovering back, the month will almost reach at the end and that is when the price might show some positive movements.
The best decision for investors right now is obviously to do DCA since the price can drop anytime, and even if it doesn't, one won't be in loss if they were doing DCA, if one buys at once, they might regret if the price drops later.
I do not think that we will go any lower, too many people are expecting it to go lower but we have seen the lower period and I do not think that it will go lower. I believe that we are going to end up with a lot better in the end we just need to focus on what we could do.The best decision for investors right now is obviously to do DCA since the price can drop anytime, and even if it doesn't, one won't be in loss if they were doing DCA, if one buys at once, they might regret if the price drops later.
A lot of people are approaching this subject as a normal way of trading right now and the market is volatile as always, but we need to remember that we had a huge bull run at the start of the year and then we stopped, which means that it will continue to go back up again with time and we should be expecting that at least. I do, I am expecting it to go above 30k again and maybe even go above 35k during summer as well, much higher than that during November-December period as well.
These was the words that we can express right now. We are glad that we trust our gut even though we don't know what is coming up ahead when BTC was still kinda new. Buying Bitcoins at lows could make us an easy profit. If we want money, and we want to sell, we will need to monitor the charts for a while, if not and we decide to HODL for the long term, we can just continue doing the DCA strategy. Patience is mainly needed for this.
I think we can see a movement by next month or so. If more people will unite and buy, it could help speed up the recovery rate of Bitcoin but I think only a few will buy right now. It's either they see it as a high price or they are done buying before.
I don't think we will see positive movement next month, the price isn't done correcting itself yet and it will probably go lower from this point and that is what is going to happen next month, the price wills start dropping, and by the time it's done dropping and starts recovering back, the month will almost reach at the end and that is when the price might show some positive movements.I think we can see a movement by next month or so. If more people will unite and buy, it could help speed up the recovery rate of Bitcoin but I think only a few will buy right now. It's either they see it as a high price or they are done buying before.
The best decision for investors right now is obviously to do DCA since the price can drop anytime, and even if it doesn't, one won't be in loss if they were doing DCA, if one buys at once, they might regret if the price drops later.
These was the words that we can express right now. We are glad that we trust our gut even though we don't know what is coming up ahead when BTC was still kinda new. Buying Bitcoins at lows could make us an easy profit. If we want money, and we want to sell, we will need to monitor the charts for a while, if not and we decide to HODL for the long term, we can just continue doing the DCA strategy. Patience is mainly needed for this.
I think we can see a movement by next month or so. If more people will unite and buy, it could help speed up the recovery rate of Bitcoin but I think only a few will buy right now. It's either they see it as a high price or they are done buying before.
I don't think we will see positive movement next month, the price isn't done correcting itself yet and it will probably go lower from this point and that is what is going to happen next month, the price wills start dropping, and by the time it's done dropping and starts recovering back, the month will almost reach at the end and that is when the price might show some positive movements.I think we can see a movement by next month or so. If more people will unite and buy, it could help speed up the recovery rate of Bitcoin but I think only a few will buy right now. It's either they see it as a high price or they are done buying before.
The best decision for investors right now is obviously to do DCA since the price can drop anytime, and even if it doesn't, one won't be in loss if they were doing DCA, if one buys at once, they might regret if the price drops later.
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.
I am completely agree with you. Altcoins are waste to be honest. They are centralised in nature and the price is completely unpredictable. Glad to hear that you have 100% portfolio of Bitcoins. I have 95% bitcoins and 5% ETH in my wallet. I show trust on both of these coins and know their capabilities. Now the ones who crying for this minor price fall don’t know what Bitcoins are capable of. Bitcoins are limited in number, hence when the demand of the coin will increase, automatically the price will also go up. So think wisely and keep on investing. 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.
Since your all about profit while holding BTC, it shouldn't be an issue for you to hold a centralized token when you get 50x profit from altcoins in the bull market.
You know when they say don't put everything in one basket doesn't mean exactly in one wallet but also other investment. If you can profit 10x with ETH, it isn't so bad.
I'm happy for you. Most altcoins for me also are just for hype. I already experienced this before during the early days of my experience in cryptocurrency.
I regret too much before because instead, I kept my Bitcoin, I exchanged them for some altcoins.
Another thing why there are some people are being lured to buy altcoins instead of Bitcoin is because of the ROI they can see versus Bitcoin.
I regret too much before because instead, I kept my Bitcoin, I exchanged them for some altcoins.
Another thing why there are some people are being lured to buy altcoins instead of Bitcoin is because of the ROI they can see versus Bitcoin.
This all comes down to risk and how much more risky you can be in such a situation when you have several options. Bitcoin has already shown to be a low-risk investment with a guaranteed return if you don't panic and buy and hold for a long time.
While most altcoins quit the market in the long run, the higher ROI they receive from some of these coins entice buyers to invest in them, despite the considerable high risk involved. Those that invest in altcoins are just picking between risky investments and those that will benefit them more even if things do not go as planned. But the big deal to invest in is still bitcoin.
Those who choose to invest in Bitcoin rather than other coins enjoy more stability there is no doubt about that, but again we must be smart enough to always caught an edge and make some form of attempt to always act in the right direction which is what make for profitable investments.
For E.g. having a good entry price in buying Bitcoin and at the same time taking the DCA advantage at each point is what makes a successful Bitcoin investor.
For E.g. having a good entry price in buying Bitcoin and at the same time taking the DCA advantage at each point is what makes a successful Bitcoin investor.
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.
These was the words that we can express right now. We are glad that we trust our gut even though we don't know what is coming up ahead when BTC was still kinda new. Buying Bitcoins at lows could make us an easy profit. If we want money, and we want to sell, we will need to monitor the charts for a while, if not and we decide to HODL for the long term, we can just continue doing the DCA strategy. Patience is mainly needed for this. 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.
I think we can see a movement by next month or so. If more people will unite and buy, it could help speed up the recovery rate of Bitcoin but I think only a few will buy right now. It's either they see it as a high price or they are done buying before.
That is true mate and to avoid getting tour heart broken many time, one need to avoid att the pump and dump market and focuse more on bitcoin, this is so important to anyone growing up in a portfolio as that will help to build your knowledge and skills in the direction of tour primary focused, let say bitcoin is a primary currency/investment, you can go deeper by applying some other form of knowledge in chart reading to make some DCA prediction of the market and taking advantage of Bitcoin volatility to make good profits in exchange bitcoin to dollar across each other.
But one can not achieve such a result in altcoin, this is because an altcoin is not knowledge-based development, but rather for short-tespeculationsnns, so holding altcoin is a risk, not many profits from, so we are advised to avoid altcoin and focus on Bitcoin vs DCA.
Altcoins are indeed at high risk because price fluctuations also depend on how bitcoin prices move. But some altcoins that are already strong and continue to follow or offset Bitcoin are other choices besides bitcoin. For example, like Ethereum, BNB and several other altcoins. I still have some ETH to go with Bitcoin long term and the price continues to follow bitcoin's direction. But one can not achieve such a result in altcoin, this is because an altcoin is not knowledge-based development, but rather for short-tespeculationsnns, so holding altcoin is a risk, not many profits from, so we are advised to avoid altcoin and focus on Bitcoin vs DCA.
I do believe that having some money on the side so you could take advantage of these movements would be lovely but not everyone has that kind of cash on the side. There are two reasons why people do not have that, first of all some people make a mistake and they use all their money to buy all at once instead of DCA, and that can be avoided, that's the easy part if you di that then you should not do it ever again and I can see that fixed.
However, the other side is that majority of the world live in poverty, they can't spend any extra dime on bitcoin and that is why they fail to put more money into bitcoin since they do not have it, all likely they may end up selling the ones they already have. So, it is understandable that the strategy is good, but can't be done by all.
However, the other side is that majority of the world live in poverty, they can't spend any extra dime on bitcoin and that is why they fail to put more money into bitcoin since they do not have it, all likely they may end up selling the ones they already have. So, it is understandable that the strategy is good, but can't be done by all.
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.
Making bitcoin as the first priority of choice in cryptocurrency is one of the first best decision to make, the main time ome missed it like this he may hardly finds it difficult to get back on track because by then, alot of money would have been involved and lost away to the first mistake, there are few other currencies that are well to do aside bitcoin but that still doesn't place them on a higher priority than the bitcoin itself which is the king of cryptocurrency.
many people hope that the price of bitcoin will skyrocket soon, they hope that the price can reach $ 100k soon this year so that the price in 2024 when the halving day occurs can reach $ 200k, in my opinion when the price goes up too fast then this is dangerous because it is easy to control, the better increase slowly, for example, an annual increase of 25% but routinely and continues to occur.
-snip-
But one can not achieve such a result in altcoin, this is because an altcoin is not knowledge-based development, but rather for short-tespeculationsnns, so holding altcoin is a risk, not many profits from, so we are advised to avoid altcoin and focus on Bitcoin vs DCA.
As an investment asset, Bitcoin is much better than altcoins. With regards to certainty, Bitcoin is also superior compared to altcoins.But one can not achieve such a result in altcoin, this is because an altcoin is not knowledge-based development, but rather for short-tespeculationsnns, so holding altcoin is a risk, not many profits from, so we are advised to avoid altcoin and focus on Bitcoin vs DCA.
Bitcoin also has risks but the risk is much lower than holding an altcoin that is synonymous with disposal.
However, I think that there are some altcoins that are still worth considering to keep with the aim of expecting returns because when the Bitcoin price goes up, some big altcoins will also follow and that's when people who hold altcoins can get a lot of profit.
100% of the portfolio contains Bitcoin, of course that's very good in my opinion. But setting aside a few percent for altcoins like Ethereum is also good for the purposes I stated above.
I agreed to focus on Bitcoin and try to avoid altcoins that don't have great potential.
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.
Generally, just like other people, I believe diversification is the best thing since it allows you to try other cryptocurrencies as well and you might even get some noticeable profits from some altcoins as we all know that altcoins are generally more volatile than Bitcoin because they have smaller prices, but, having and holding just Bitcoins isn't that bad.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.
If you talk about cycles and movement calculations, I honestly think that even if it has cycles, it is still not really easy to calculate its short-term movements and it can still move either way at any given time whether it is in a bull cycle or a bear cycle.
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.
I can't blame someone for being so 100% on bitcoin. In my experience, even when I felt I was on track with my analysis on altcoins and my expectations was just about time before it begins to materialise in favour, altcoins still got to dump in ways that I list expected. It's no surprise that bitcoin creates of follows these paths or systems of dynamics but with bitcoin, there are certain assurances.Hence, one going all in gor bitcoin and being able to hodl for a long time is almost certain to profit off there hodlings. This has been the obtainable and its not broken till this moment.
But one can not achieve such a result in altcoin, this is because an altcoin is not knowledge-based development, but rather for short-tespeculationsnns, so holding altcoin is a risk, not many profits from, so we are advised to avoid altcoin and focus on Bitcoin vs DCA.
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.
I can't blame someone for being so 100% on bitcoin. In my experience, even when I felt I was on track with my analysis on altcoins and my expectations was just about time before it begins to materialise in favour, altcoins still got to dump in ways that I list expected. It's no surprise that bitcoin creates of follows these paths or systems of dynamics but with bitcoin, there are certain assurances.Hence, one going all in gor bitcoin and being able to hodl for a long time is almost certain to profit off there hodlings. This has been the obtainable and its not broken till this moment.
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.
I think that is not really that bad, I mean I wouldn't do it but I believe that it is not going to be as much as people think it will be and should be considered normal. Too many people are acting as if that's going to be something that we should be careful about and not do it, but the reality is that we should be considering the best possible thing we should, and that we should be fine with not really having anything else.It would be very difficult if we could have just one thing I am careful about is not to get anything that would be risky for me and that would be something we all need to be careful about. Don't go full on anything else, and do not buy anything that is risky, just assume the best for bitcoin and that would be helpful for all of us.
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.
I wonder why many Bitcoin investors cannot predict the movement of this so called "cycle", which determines the Bitcoin price?
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.
Regardless we can only speculate the price bitcion without any third party needed.
hero member
Activity: 2590
Merit: 650
Want top-notch marketing for your project, Hire me
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.
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.
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.
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.
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.
I wonder why many Bitcoin investors cannot predict the movement of this so called "cycle", which determines the Bitcoin price?
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.
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.
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. 
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.
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.
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.
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. 
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.
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.
[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.Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.
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.
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
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.
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.
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.
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.
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.
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.
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.
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
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
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 wouldKnowing 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.
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.
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
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
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.
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.
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.
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.
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.
Right choice when you invest in bitcoin at this time. Although the price can fluctuate and the DCA has to be done many times, it is at least safer than following the current meme coin trend. But I find that you all in 100 percent of your assets in bitcoin is really a waste of the money and time you spend. In addition, it is unlikely that you will also gain significant profits. So please expand the source of investment assets such as ETH or BNB, they still have good value and potential. That way you can make more profit than just bitcoins
There are investors that will argue that they're got a better performing portfolio if they've got more altcoins than Bitcoin. And here we are that has got more Bitcoin on it and there's no one to stop us and can't convince us to diversify that much. I see people that are too much diversifying because they think that's the wisest thing to do but then, they're hit more by market's volatility. Unlike if you're into Bitcoin-only, you'll just have to chill and wait until the market is being dependent on it because of the cycle, it requires more patience than of the altcoins.
I hold great admiration for those who embody the essence of a true bitcoin maximalist, refraining from engaging with altcoins altogether. However, it appears that a significant portion of individuals who claim to adhere to this ideology are, in fact, deceiving others. I distinctly recall an occasion when I requested Adam Back to publicly affirm that he had not invested in altcoins, challenging anyone with contrary claims to come forward. Surprisingly, no one was able to present such evidence. This experience has led me to believe that every coin has its price and can be sold when the conditions are favorable. Therefore, I do not believe in holding onto any particular coin indefinitely, not even bitcoin, especially if I can acquire it at a more affordable price in the future
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.
Normally, Bitcoin will be volatile because that's one of its characteristics, and anyone who holds Bitcoin in their wallet will definitely experience a depreciation or an increase in their capital, depending on whether the market is rising or falling. I usually advise people to always make sure they have Bitcoin in their portfolio before adding any other altcoin to it. Bitcoin is not a pump and dump token just like every other shitcoin; most of those coins, after pumping for the first time, may not pump again after they have been dumped, and if one mistakenly ends up putting their capital there, it will be an absolute waste of money. Whoever thinks Bitcoin is too expensive to buy should still remember that even with $5 they can buy Bitcoin, and with a constant DCA strategy, they will be accumulating Bitcoin gradually, and before they realize it, they will have a huge amount in Bitcoin.
However, I cannot hide the fact that some altcoins also have the potential to generate returns regardless of whether they are investment or trading assets. You and I may be fine to be 100% on bitcoin and not diversify any assets into altcoins, but of course many altcoin investors also believe in the potential and the returns they will generate.
Regardless of whether altcoin prices follow bitcoin trends or not, what is clear is that the end goal of most traders and investors is to generate profits, not use cases. In fact both bitcoin and altcoins have such prospects because of their price volatility, so someone will definitely consider them regardless of whether we like altcoins or not.
People made very good profit from being early investors in bitcoins, some people who invest in altcoins know and understand that it should not be for the long term, but people invest in them to mainly make profit and not to keep them. Altcoins has made some people rich, but it has also made some people loose their investments, that is why you should always be sure when you are about to invest in an altcoin. Individuals who are not interested by huge and sudden profit invest in bitcoins. Regardless of whether altcoin prices follow bitcoin trends or not, what is clear is that the end goal of most traders and investors is to generate profits, not use cases. In fact both bitcoin and altcoins have such prospects because of their price volatility, so someone will definitely consider them regardless of whether we like altcoins or not.
Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.
Cycles don't necessarily help people that much when it comes to price movement, because no cycles are the same. The markets has it's way of messing up a mindshare of people who highly expect a certain outcome to occur.
Since your all about profit while holding BTC, it shouldn't be an issue for you to hold a centralized token when you get 50x profit from altcoins in the bull market.
You know when they say don't put everything in one basket doesn't mean exactly in one wallet but also other investment. If you can profit 10x with ETH, it isn't so bad.
I don’t even believe that having Alticoins is diversification of portfolio, because most of these top Alticoins that are regarded strong usually follow the bitcoin trend, so why bother to invest in them when I can just earn same profit from a coin that is not centralized.
I personally agree that bitcoin performs better as an investment asset than altcoins. However, I cannot hide the fact that some altcoins also have the potential to generate returns regardless of whether they are investment or trading assets. You and I may be fine to be 100% on bitcoin and not diversify any assets into altcoins, but of course many altcoin investors also believe in the potential and the returns they will generate.Regardless of whether altcoin prices follow bitcoin trends or not, what is clear is that the end goal of most traders and investors is to generate profits, not use cases. In fact both bitcoin and altcoins have such prospects because of their price volatility, so someone will definitely consider them regardless of whether we like altcoins or not.
I don’t even believe that having Alticoins is diversification of portfolio, because most of these top Alticoins that are regarded strong usually follow the bitcoin trend, so why bother to invest in them when I can just earn same profit from a coin that is not centralized.
Another thing why there are some people are being lured to buy altcoins instead of Bitcoin is because of the ROI they can see versus Bitcoin.
Exactly Alticoins have the potential to increase in short term than bitcoin, because this is the only way its developers can lure investors into it. The same way it has high return it also dumps in same way, and that is why it is mostly advice to treat them as pump and dump coins and not assets for investment. 
(....)
Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.
I'm happy for you. Most altcoins for me also are just for hype. I already experienced this before during the early days of my experience in cryptocurrency.Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.
I regret too much before because instead, I kept my Bitcoin, I exchanged them for some altcoins.
Another thing why there are some people are being lured to buy altcoins instead of Bitcoin is because of the ROI they can see versus Bitcoin.
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.
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.
Jump to: