Topic: --< Building your future on the price of Bitcoin >-- - page 2. (Read 625 times)

Ps. Also remember to spend at least 20% of all the coins you buy, to feed the merchant network and use case for Bitcoin, or it will die as a currency.

The strategy is never to stop investing with bitcoin. When there is a dip that can be an opportunity to buy more and when the price goes up cash in and make some profits. Unfortunately, many people are actually not interested to do this for many reasons. Some do not have the time and some are not really inclined to be investors as they were just hyped into bitcoin. One thing is sure if there is a will there will always be a way...and this is quite true with investments.

So many people have experienced the last all time high of a Bitcoin price high above $18 000 in 2017 and they invested loads of money into a dream of a better future, if the price goes back to $18 000 or much higher than that.  

Now, I am not saying that there is something wrong with having those dreams of making massive profits and funding future projects, because it is still a possibility.

I think the focus should rather be for us to take baby steps to that goal and the way for us to do that is to take small profits when the opportunity presents it self. The concept of buying low and selling high is as old as the mountains, but it is just as affective if you do it more frequently. The Bitcoin price has recovered from the all time low with more than 20% and many people are waiting for it to bounce back to 60% or 80% before they start taking profits again.

If you were one of the unlucky people who bought in at the all time high, you obviously have to wait for the price to recover to your entry price to break even or to make a profit when it pass that price, but there are enough volatility now to get in at a new low price and then taking small profits based on the smaller recovery increments.

If you re-invested at say $5000 and you sold lately at $8000, you could have reduced your precentage loss for the investments that you have done at a buy in price of $18 000.

A buddy of mine has done this and he wiped out his potential loss within a few months, by simply buying in low again and selling at more frequent intervals.

Ps. Also remember to spend at least 20% of all the coins you buy, to feed the merchant network and use case for Bitcoin, or it will die as a currency.

That's actually a thing about to happen.. look back at 2-3 years ago, we had nowhere to spend our cryptos but exchanges while now we have lots of online well known stores selling stuff / services and, depending in where you are from, you can even buy it in offline stores.. lots of stuff for us to spend our cryptos in a daily basis.
I don't know what exactly you mean by competitive prices but here, in Brazil, many stores will offer you some discount if you use BTC (or cryptos) as payment method.. they are aware of the growth the coins had lately so they are trying to take advantage of it

So many people have experienced the last all time high of a Bitcoin price high above $18 000 in 2017 and they invested loads of money into a dream of a better future, if the price goes back to $18 000 or much higher than that. 

Now, I am not saying that there is something wrong with having those dreams of making massive profits and funding future projects, because it is still a possibility.

I think the focus should rather be for us to take baby steps to that goal and the way for us to do that is to take small profits when the opportunity presents it self. The concept of buying low and selling high is as old as the mountains, but it is just as affective if you do it more frequently. The Bitcoin price has recovered from the all time low with more than 20% and many people are waiting for it to bounce back to 60% or 80% before they start taking profits again.

If you were one of the unlucky people who bought in at the all time high, you obviously have to wait for the price to recover to your entry price to break even or to make a profit when it pass that price, but there are enough volatility now to get in at a new low price and then taking small profits based on the smaller recovery increments.

If you re-invested at say $5000 and you sold lately at $8000, you could have reduced your precentage loss for the investments that you have done at a buy in price of $18 000.

A buddy of mine has done this and he wiped out his potential loss within a few months, by simply buying in low again and selling at more frequent intervals.

Ps. Also remember to spend at least 20% of all the coins you buy, to feed the merchant network and use case for Bitcoin, or it will die as a currency.

I will start using BTC as a currency when I'll be able to buy products that I buy and at competitive prices.

Nobody is saying to buy one whole bitcoin. But truth is that people who had purchased at 17K+ has lost hope (Actually they never trid to understand bitcoin technical perspective, al they saw money which dwindled.)

My most of friend want to sell their holding if they get their buying price and they do not want to do more investment.

So many people have experienced the last all time high of a Bitcoin price high above $18 000 in 2017 and they invested loads of money into a dream of a better future, if the price goes back to $18 000 or much higher than that. 

Now, I am not saying that there is something wrong with having those dreams of making massive profits and funding future projects, because it is still a possibility.

I think the focus should rather be for us to take baby steps to that goal and the way for us to do that is to take small profits when the opportunity presents it self. The concept of buying low and selling high is as old as the mountains, but it is just as affective if you do it more frequently. The Bitcoin price has recovered from the all time low with more than 20% and many people are waiting for it to bounce back to 60% or 80% before they start taking profits again.

If you were one of the unlucky people who bought in at the all time high, you obviously have to wait for the price to recover to your entry price to break even or to make a profit when it pass that price, but there are enough volatility now to get in at a new low price and then taking small profits based on the smaller recovery increments.

If you re-invested at say $5000 and you sold lately at $8000, you could have reduced your percentage loss for the investments that you have done at a buy in price of $18 000.

A buddy of mine has done this and he wiped out his potential loss within a few months, by simply buying in low again and selling at more frequent intervals.

Ps. Also remember to spend at least 20% of all the coins you buy, to feed the merchant network and use case for Bitcoin, or it will die as a currency.

But the problem is many people have stuck at a high price and they cannot selling the bitcoin because that will makes them get a loss.
They don't have more money to buy a whole 1 bitcoin because their money was inside on every coin they have.
We can see many people have spent a lot of money in a few years ago, and many of them have not sold their coins at 2017 and still hold until now because in that time, they want to make more profit and that makes them delay for selling their coins.
But if that people can add more money to his balance, I am sure that he can slowly recover he lose and he doesn't need to wait for another bull run because he can get a profit from small amount until he can fully recover his losses.