Topic: Calm the pressure - page 2. (Read 594 times)

A lot of people have heard how profitable bitcoin investment is, and it’s undeniable that a lot also fall on taking a loan just to turn bitcoin investment into a reality. Luckily for some, they end up with decent profits but others most especially the newbies only invest and ruin it afterwards. That is because investing without knowledge and investing with borrowed funds will only pressure yourself until you lost your focus and the consistency to make profits and just invest to satisfy one’s greed. That is the reason why it’s better late than never, at least you enter the market with good preparation.

That will also depend if I have a stable job to rely for my payment later on. Otherwise, I would still decline the offer because not all bitcoin investments end up profitably. So if that's the case, the fact that there's still chances to lose them everything, I will never invest from taking a loan. Borrowing money for any type of investment will only increase the risk of losing.

If you invest being pressured, then most likely you will just mess in the market and ruin your investment. That is because investing in bitcoin needs adequate amount of knowledge and patience, if you can't control your emotions, then that emotions will definitely cause your investment to fail.

Always know when to invest and when not to. Evaluate your financial aspects if you are ready to lose or not really open for it.

Times like this are actually the best time to buy and invest in Bitcoin, the market was calm already and it is a good time to get greedy and start buying and accumulating Bitcoin while we still can, for sure in the future after around 2024 or 2025 probably that is where the price is going to skyrocket, The hype in the market for sure is going to be huge considering the Bitcoin adaptation around the world is just great, considering it is already adapted by a lot of banks allowing users to buy and sell Bitcoin or cryptocurrency on there platform.

This kind of times where Bitcoin doesnt have a lot of movement is actually a positive for long-term investments like mine, I mean I dont really have any intentions to sell my Bitcoin, especially at times like these where the market price is just so low and there was barely some movement and hype in the market. Also, I see this as a good opportunity to accumulate more so that I could earn a huge amount of profit soon when the Bull Run hit. still, this was a very risky investment so I dont really recommend any kind of loan just so you could invest, also avoid investing if you still doesnt have savings that you could use to survive or something like emergency funds.

Yep it's wrong to take any loan for investments or borrow some money because of Bitcoin investment, if you are in such state you need to find yourself a source of income first, then after you can start taking some part of the money and invest into Bitcoin, do not forget that you need to invest only what you can afford to lose, because Bitcoin investment is still very risky.

It's not impossible to invest in Bitcoin if you have no source of income but it will make things much easier for you, even those who have responsibilities on them, they find it hard to invest in Bitcoin because whatever they are making per month is not reaching them to do everything they want.

If you don't have money and no source of income, Bitcoin isn't running away, more opportunities are waiting in the future, take your time to find something that will earn you money, you can use this time to start learning about Bitcoin too instead of waiting till you have some money.

Yes, I agree with you that we should not rush to invest in BTC if we don't have idle money, because if we use money that we are not ready to lose, our mentality will be disturbed and in the end there will be the potential for losses. and investing with borrowed money is certainly not a good thing. Yes, so we have to be calm and patient. and if we already have money that is ready to be lost then we can invest in btc.

The right time lies in a person's level of readiness when they want to invest in Bitcoin, but to enter the market everyone also needs to look at the right time because this must also be researched first even though someone is very ready to invest. But when someone wants to buy Bitcoin in the market, he must also be able to get it at a slightly cheaper price so that the profits from his investment can be quite good in the future.

There doesn't have to be any pressure if the goal is to invest in Bitcoin, moreover everyone can be very free to enter the market after making research by themselves before making an investment. But some people are just pressured by market conditions that are not always good, so they are still a little afraid to start even though they are financially ready.

I had the same dilemma 4 years ago I was under pressure to invest because I knew the price would spike and we'd have a new all-time high but I know the risk of investing what you can afford to lose and holding in your investment for as long as you can, but the market proves that timing is the best course in investing as we have seen in the market movement.


I agree that you should never invest coming from loans because the market is volatile you cannot keep up with the loan because there's no uncertainty when the price will spike you will end up losing in the end, investing in Cryptocurrency should be steady, allocate an amount on your salary or you got profit from your business.
There's always pressure from the movement of the market but experience and studying the market will help you to be sober and invest with the right attitude.

As Bitcoin gradually becomes a legal tender in certain places which includes certain countries aswell earning Bitcoin is now simple. It must not necessarily be purchased with Fiat money before you can gain ownership of Bitcoin, it's is now accepted as a means of payment at some stores and even some employers offers to pay in Bitcoin as well if only the employee accepts.

There are various freelancing sites where clients offer to pay in Bitcoin this can serve as a means or source to earn Bitcoin. You can also mine aswell if you have the technical know how and available resources to mine Bitcoin, in cause of mining make sure to use a green mining style as mining can be energy consuming depending on your choice of procedure, in some cases heavy energy consumption attracts the attention of the authorities in your region so it is advised to use green mining procedures to avoid the wrath of the authorities. Furthermore Bitcoin can be gifted or won as rewards for tasks or games played on some sites.

There's never a late time to invest in bitcoin. There's no competition to it. It's a market and you go to the market when  you like and when you're ready, so there's no need to induce pressure indeed. Invest when you're ready, make your research very well, get the right timing and you'll be smiling all the way.

Why did you have to repeat the advice?
It is not totally wrong to borrow money to invest in bitcoin. It is only bad when you don't get the right loan and when you did not make nice calculations before buying Bitcoin. At this time now, if you see anyone that will give you 2yrs interest free loan, why won't you take the loan and invest in bitcoin?
Even if it's with a little interest, the bull market can give you all you want. It is risk taking and it is worth it.
Where there will be problems  is that no one is taking loan to buy bitcoin now, but when bitcoin starts pumping, people will rush in, tak loan, buy towards the end of bull run. The result will be disaster.

There is nothing like late investment in bitcoin. Whenever you have money to invest, just believe that your investment is still early. I can’t even imagine the amount that bitcoin will go in the next few years. So if you are having the mindset that bitcoin is too high and you won’t invest, then you are wrong. Just imagine the bitcoin price movement of bitcoin since when it was created, it worth nothing then, nobody believes that bitcoin is going to get to the current price. So I am still sure that the bitcoin price is still low, and I can’t even imagine the price that bitcoin will be in the next 5–10 years.

You shouldn’t kill yourself because you are trying to invest. Even if you have a small amount of money in bitcoin, it's not bad, it’s not a must to buy a large amount of bitcoin. We all know the economy is not really friendly currently and people are really struggling to survive, so just take care of the necessary things you need to before investing, don’t starve yourself because you want to invest in bitcoin.

Since everyone is emphasising the coming bull run, some people are doing crazy things just to invest. One of the worst thing you can do is take a loan and invest. Don’t take a loan to invest in cryptocurrency. Nobody knows when the bull run is going to start, so how are you going to pay back your loan if it’s due for repayment before the bull run starts? Are you going to end up selling those bitcoins back, even though you might be at a loss to pay back the loan you took, and you will have to add interest to the loan you took.

Do not ride with the hype. Crypto investment will never end so you have to prepare yourself first by acquiring knowledge and have sufficient funds to invest before you decide to finally take its risk. Crypto investment has certainly its own risk, and one should manage and overcome the risk first so he will be able to win and make significant profits from it.

Maybe it's a lucky situation based on the risk involved in it but I believe based on the knowledge and good calculation.

If there's no bull run when it halving effect market then Bitcoin fails in one of its objectives because the halving was introduced by Satoshi as inflation control in the BTC market.

I think you getting this wrong, I am not the person on the subject but betting on the halving to be a bullish market seems to be a won bet.

If someone wants to borrow, he should first consider how he can repay the loan regardless of whether he can profit from investing in bitcoin. If he can get an answer about how he repays the loan every month or when it is due, he can only borrow and use the money.

If after borrowing money, market conditions can immediately change and he can make money, he got lucky to return all the money immediately. Moreover, we don't know when the bull run will come, so we must think about how to repay the loan.

That is a lucky case and history can change and become very different in future halvings. No guarantee that with all Bitcoin halvings, Bitcoin will have big bull runs by halving effects. Like if you win 9 /10 bets (borrowing money) with 10 halvings, what if you lose at the 10th bet and lose majority of your borrowing money?

It's the end of your life or will you continue to bet in a next halving. Will you survive long enough through 3 bearish year before that next halving comes?

Borrowing money in order to invest is never a good idea but if have to go through the process of borrowing there are things to put into consideration income, the loan interest, and the market trend before the loan payment date is reached because I have seen someone who borrow money before the market bull run and invested it in BTC when it bullish market she sold some portion of the investment as the loan repayment while to profit is her own interest/investment.

Well I won't say borrowing money is a trap in all aspects but I would say borrowing it for the wrong reasond then it now becomes a trap especially when you have no means of paying back. But I think I won't ever advice anyone to borrow money for bitcoin investment because bitcoin is definitely not something you are sure of and you might end up trapping yourself in a circle of loan especially when you don't the available funds to pay back and also if the trade turns sideways.

Some of our beginners in cryptocurrency who just heard about the bull run will be thinking that this is only the opportunity for them to invest before the bull run and no opportunity will come their way again. That is why they want to be involved in bitcoin investment before this expected bull run of 2024.They should know that there is still time for investment even if they can't make it to buy their bitcoin now. They should not get involved in any form of criminal act just to get money to invest in bitcoin or borrow money for the investment.

Yes, this is one of the important things about having at least some knowledge to enter the crypto world. Not only technical crypto-related knowledge but also various other sides and information related to crypto. Lots of sharing has been given by other people either in this forum or other platforms. And from this sharing we can get various valuable experiences from other people. From all of this, we can get provisions to be truly ready to dive into the world of crypto. Be calm and ready for crypto. Ready in everything, not only mentally but also financially. I totally agree with the call not to borrow money just to invest in crypto just because the promise is so big. Be patient for your own time.