Calm the pressure - page 3. | Bitcointalksearch.org

palle11

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Quote from: Alpha Marine on September 06, 2023, 05:09:54 PM

You can always start small.

This is a good advise and word to abide to. You need to calm yourself down and not allow the pressure of investment and life get the best of you. You don't need to over work yourself because you think you saw an investment opportunity and you want to throw all your money into or you want to go and borrow money which is a mistake to be avoided by starting small and with time you begin to diversify with the income that you have generated.

BitcoinPanther

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This is the same thing as investing in Bitcoin without emotion. Meaning we should not invest in Bitcoin if we are triggered with hype and does not do our own research to know about it. In every investment we should not let our emotion get over us because it will only clouded our decision and often time resulted in a loss. We should always be in a prime rationality status where we can see the situation of the market clearly.

Vaculin

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Quote from: Forever101 on September 06, 2023, 07:57:53 AM

It's not always too late to invest in bitcoins, if you have ever miss any Bitcoin bull run or you have heard about the bitcoins bull run and you are excited to take actions, my simple advice is, calm the pressure. This advice is driven from the view point of the economy struggles of many, avoid over thinking , work hard to earn money and diversify your investment. Most persons in the crypto space are dying in the inside because they do not have money to invest due to their present circumstance. If you do not have money to invest now, please ease the pressure, you may have more than enough to invest in the future. Calm the pressure my dear friends, don't borrow money, I repeat, don't borrow money to invest on Cryptocurrency, because it is a volatile asset. Life is about risk which you have heard countless times but it will be unwise to take loan to buy bitcoins.

Don’t invest in a volatile investment like bitcoin if you think you are not financially ready for it. Bitcoin has its own risk, and while you expect future profits, it could be the opposite way around that will happen to you. Although it’s okay to dream of having bitcoin and be widely profitable in the future, but know that everything has its own perfect timing. And that is when you invest in bitcoin as a side hustle, without taking a loan or borrowing money from a friend or relative.

rachael9385

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Well, you said it right. Yes, everybody has pressure and the strength to do what we want to do, so it is good to use our strength wisely and limit the amount of pressure we put on anything we do, not only on crypto currency but other physical investments. If we are putting too much pressure on things we do, we might end up making mistakes and it will affect us after we have realized maybe by then it's too late, so my conclusion is, even if we want to put too much pressure on investment, we should have good knowledge about it before putting limited pressure, (limited pressure) because we are not sure of price yet.

Anyway, as for me, I have never experienced the bullish season, how it even feels, whether it tastes like honey or a rancorous thing Grin

, but I strongly believe that the bullish season will be a good start for investors who have accumulated more coin from the past bullrun.

Dr.Bitcoin_Strange

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When fear of missing out is in play, there is likely the possibility that the person can make mistakes in their investment decisions because they are scared of losing instead of making success, but when you calm down and digest every bit of knowledge about whatever you want to venture into, you will have a better idea and make some concrete decisions. Some people think they have missed a better chance of buying Bitcoin in the early stages, but they forget to realize that even in the future, the price of Bitcoin will be greater than what it is today, and by that time, not buying today will be another regret of the future. Now that the price is still low and lot of investors are speculating for a $100k price in the next bull run, buying now will not be a bad decision.

Pingrapole

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Get clear idea about Bitcoin first then think about investment.Bitcoin will not make you an overnight millionaire, so patience is the most important thing to invest if you are patient or the pressure will keep building, and you will be headed for failure.Excitedly, people invest in Bitcoin and expect profit with excitement, so they are under pressure as a result.Patience is the key to achieve great things Patience is the key to achieve great things Patience makes people very strong that's why patient people get success in the end.If you don't want to be patient then you can put money on the gambling board then maybe you will get something good fast, and your hope will be fulfilled.Finally, I can say firstly you have to be hardworking and accept failure then you keep trying you will get success and your stress will decrease, and you will do everything with cheerfulness.Invest knowledge before you invest think then invest avoidance will reduce stress and bring peace of mind.Stop listening to bad things and be patient and mindful. Reduce stress and be good.

Cookdata

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Quote from: Forever101 on September 06, 2023, 07:57:53 AM

It's not always too late to invest in bitcoins, if you have ever miss any Bitcoin bull run or you have heard about the bitcoins bull run and you are excited to take actions, my simple advice is, calm the pressure. This advice is driven from the view point of the economy struggles of many, avoid over thinking , work hard to earn money and diversify your investment. Most persons in the crypto space are dying in the inside because they do not have money to invest due to their present circumstance. If you do not have money to invest now, please ease the pressure, you may have more than enough to invest in the future. Calm the pressure my dear friends, don't borrow money, I repeat, don't borrow money to invest on Cryptocurrency, because it is a volatile asset. Life is about risk which you have heard countless times but it will be unwise to take loan to buy bitcoins.

There is not point in rushing to get bitcoin and there is no point in feeling too late. There is opportunity in it everyday, all you need to do is to be determined and be patient, those who that thought 20k will never come but rush and bought btc when it price when to $58k and have sold with loss because they always want to outsmart the market but it's very simple thing, just buy and hold; this technique age like wine because it's has been the best strategy to hold bitcoin for long term.

Another point you emphasize is very important, borrowing money to buy bitcoin is a bad practice I will never advice, it's bad and making sure that the money invested isn't what you need urgently because market is dynamic, anything could happen, it can appreciate for short term due to good news and may depreciate if the opposite happen.

terrific

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Quote from: Don Pedro Dinero on September 06, 2023, 11:16:07 PM

Quote from: terrific on September 06, 2023, 05:46:26 PM

Borrowing money is a trap and so as borrowing money to invest in any crypto asset that you're interested and even in Bitcoin.
This is the money trap that many don't understand that some who became successful were like happens only to a very few people.
If they're lucky, thinking that they could also be of the same fate but no way. That should be crossed out if someone thinks that they can invest with loan money.

In the end, investment in bitcoin, like investment in general, should be done calmly, within your means and with money that you will not need for a long time. To do so, you must have savings on the side. Otherwise you may be forced to sell in a bear market to pay for a car repair or something like that.

100% agree on this. There is no doubt that investing in bitcoin is like a chill type of investing compared to the others but if you're not going to use your own money, that's when it becomes like something uninteresting and bad.

Quote from: Don Pedro Dinero on September 06, 2023, 11:16:07 PM

Borrowing money to invest, there are people who do it and know how to do it, like Michael Saylor, but it is a bad idea for Average Joe because what it does is to have more risk of bankruptcy. In fact, in late 2021 and early 2022 we saw steep price declines due to cascading liquidations of leveraged positions.

Those huge people have their own backups but with the typical story that we see from average people is like they don't have any back up plan in case that their plan don't go accordingly.

Porfirii

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Quote from: Bobrox on September 06, 2023, 11:32:56 PM

I don't think bad ideas borrowing money for investing in Bitcoin during still in the spot trading trend without use borrowing for future trading, actually with current Bitcoin price now is more profitable in the future because bitcoin dropped to $25k. Its not matter when borrowing use for something more productivities in the future except take borrowing and use for consumer needs. Learned with how many businessmen success build with their project and many of them take borrowing but manage well how to make it profitable.

Don't blame and afraid with borrowing money for investing in bitcoin during your investing in the right time and Bitcoin price still drop, difference when bitcoin have on the higher price actually is not really recommended using loan for investing in Bitcoin.

The problem here is that you can never be totally sure about the next movement in price. Most of us agree right now that we are at the end of a bear market/accumulation phase and we should see the prices rise and even a new ATH next year. But, although it will possibly happen, there is no certainty about it and it should be taken as a very risky investment (or simply gambling).

When you take a loan to buy real state or consumer needs you get something in exchange of your money, and you have thought how to pay it back (with your salary or other sources of income). If your plan is to buy Bitcoin and pay the loan with the future profits, you'll have a great problem if the bear market continues longer than expected.

Bobrox

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I don't think bad ideas borrowing money for investing in Bitcoin during still in the spot trading trend without use borrowing for future trading, actually with current Bitcoin price now is more profitable in the future because bitcoin dropped to $25k. Its not matter when borrowing use for something more productivities in the future except take borrowing and use for consumer needs. Learned with how many businessmen success build with their project and many of them take borrowing but manage well how to make it profitable.

Don't blame and afraid with borrowing money for investing in bitcoin during your investing in the right time and Bitcoin price still drop, difference when bitcoin have on the higher price actually is not really recommended using loan for investing in Bitcoin.

Don Pedro Dinero

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Quote from: terrific on September 06, 2023, 05:46:26 PM

Borrowing money is a trap and so as borrowing money to invest in any crypto asset that you're interested and even in Bitcoin.
This is the money trap that many don't understand that some who became successful were like happens only to a very few people.
If they're lucky, thinking that they could also be of the same fate but no way. That should be crossed out if someone thinks that they can invest with loan money.

In the end, investment in bitcoin, like investment in general, should be done calmly, within your means and with money that you will not need for a long time. To do so, you must have savings on the side. Otherwise you may be forced to sell in a bear market to pay for a car repair or something like that.

Borrowing money to invest, there are people who do it and know how to do it, like Michael Saylor, but it is a bad idea for Average Joe because what it does is to have more risk of bankruptcy. In fact, in late 2021 and early 2022 we saw steep price declines due to cascading liquidations of leveraged positions.

terrific

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Borrowing money is a trap and so as borrowing money to invest in any crypto asset that you're interested and even in Bitcoin.
This is the money trap that many don't understand that some who became successful were like happens only to a very few people.
If they're lucky, thinking that they could also be of the same fate but no way. That should be crossed out if someone thinks that they can invest with loan money.

nakamura12

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Quote from: alastantiger on September 06, 2023, 12:37:45 PM

If you do not have money to invest in bitcoin at the moment, while you work or save up for the money, read and read about bitcoin. That is the best thing that you can do for yourself and you won't regret it.

Although they say you shouldn't borrow to invest in bitcoin, it actually depends on how you are borrowing. If you must borrow, let the amount be minimal. This is where the knowledge you have gotten from the time you spent studying would be of help to you.

Lastly, without a plan you will be a disorganized bitcoin investor. Have a plan, write it down, it will ease the pressure or FOMO that you make experience.

People who borrow to invest is not always a bad thing.. it's how about you spend the money with amd having a source og income to pay for the money a person us borrowing. If a person who only borrow money without any means of paying it is only risking his/her financial situation. That's why many people have said that you shouldn't borrow money to invest in Bitcoin but if you have a source of income and yet you wanted to invest in Bitcoin at that moment then why not borrow money to invest it in Bitcoin and once you got money then pay the money that you have borrowed then the money you have invested is more like an advanced payment in your job or something like that.

GiftedMAN

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Quote from: nelson4lov on September 06, 2023, 01:25:08 PM

The way I see it, if anybody allows the pressure to get to them, I wouldn't blame them much since we're all humans. The feeling of fomo is real and everybody deals with it differently. When I came to the forum and didn't have enough to buy some bitcoin for myself, I felt bad at the time but with time, I learnt that with time, everything will pan out nicely.

I understand that as individuals we see things differently but come to think of it, has anyone who has done investment as a result of pressure ended up being happy at last? Pressure will only increase the mistake one has made already but for someone who's dedicated to doing things in a better way, I don't think being pressured by not investing in a business should even happen to anyone rather people should be motivated to work harder to save up money to invest in so many things not just bitcoin but no one should hurry or borrow because because there will always be a time to invest though different prices.

Agbamoni

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Advising someone to buy Bitcoin when they're feeling pressured might not be the best idea because of the risks involved. If someone is interested in Bitcoin and wants to become a holder, they should do it at their own pace. Rushing into buying it without understanding how to invest properly can lead to wasted time and money.

Many people are fearful, and humans often seek safety in numbers. Only a few daring individuals make decisions independently without relying on others' opinions. It's a part of our instinct to stick with a group, and it's natural to be cautious about going it alone.

Some folks spend their money on things like alcohol, entertainment, or other non-productive activities. Investing in Bitcoin doesn't have to be a high-pressure decision. If you plan to buy Bitcoin gradually, you can cut back on spending for short-term pleasures and instead invest in something that can provide long-term benefits.

No amount is too small or too large to start investing in Bitcoin. It's not something that should stress you out. You can DCAing to invest a consistent amount over time, and this way, you can accumulate a significant amount of Bitcoin in the long run.

Alpha Marine

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Quote from: Forever101 on September 06, 2023, 07:57:53 AM

This advice is driven from the view point of the economy struggles of many, avoid over thinking , work hard to earn money and diversify your investment. Most persons in the crypto space are dying in the inside because they do not have money to invest due to their present circumstance. If you do not have money to invest now, please ease the pressure, you may have more than enough to invest in the future.

This is very underrated advice.
A lot of people feel left out, they feel they're missing out because they don't have money to invest. Yes, true, you might truly be missing out, but if the reason is because you lack the funds to invest then don't beat yourself up.
If you don't have money to invest in Bitcoin, and you're focused on investing in Bitcoin then you're misplacing your priorities.
Your priority should be how to earn more money.
You can either get a job or start a business, whichever it is, but get something that gives you money.
It's people who have money that invest in a project, any investment at all, not just Bitcoin.

So instead of putting pressure on yourself because you don't have money to own Bitcoin, why not channel that energy into something else that will make you earn money?

Also, the good thing about Bitcoin is that you can buy it with any amount you have. Don't look at the price. Just see it as your little investment. That can motivate you. If you can invest when you are not making much, how much more will you do when you have?
You can always start small.

SatoPrincess

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I agree that it’s unwise to take a loan to invest in bitcoin, loans are usually backed with a collateral equivalent to the loan in value. People who are dumb enough to take the risk are either new to the crypto space and believe there is riches to be made or are bitcoin fanatics who would do anything they can to stack some bitcoins.

Y3shot

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Quote from: Forever101 on September 06, 2023, 07:57:53 AM

It's not always too late to invest in bitcoins, if you have ever miss any Bitcoin bull run or you have heard about the bitcoins bull run and you are excited to take actions, my simple advice is, calm the pressure. This advice is driven from the view point of the economy struggles of many, avoid over thinking , work hard to earn money and diversify your investment. Most persons in the crypto space are dying in the inside because they do not have money to invest due to their present circumstance. If you do not have money to invest now, please ease the pressure, you may have more than enough to invest in the future. Calm the pressure my dear friends, don't borrow money, I repeat, don't borrow money to invest on Cryptocurrency, because it is a volatile asset. Life is about risk which you have heard countless times but it will be unwise to take loan to buy bitcoins.

Some people just feel investing in Bitcoin with all the little money they have will be the solution to their financial problems. Bitcoin can't make one to be rich, before one planning to invest their should be a job or business that is bringing in money. I'll prefer for a business to be established well than to invest all the money earned thinking that money can always be generated from bitcoin. Bitcoin should never be consider as a means to generate money, instead people should think of something to do that is dependable. Profit can only be made in bitcoin according to the amount of money invested, more money is needed to get more bitcoin.

Stalker22

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No need to resort to borrowing, selling your house, or turning to a life of bank robbery just to invest in Bitcoin - nothing that extreme! But that does not mean you should sit on the sidelines forever, waiting for the perfect moment. Invest what you can, whenever you can. It is the best strategy to avoid those future "I should have done it" regrets. If Bitcoin takes a nosedive, you won't lose sleep over it because you haven't bet the farm. And when Bitcoin skyrockets once more, you will be grinning ear to ear! Grin

Obari

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I once had the impression that people get pressure wanting to own bitcoin but now, I've grown past that and I'm now more knowledgeable to know that no one ought to be pressure to own bitcoin and we are still in the dip and one cab start practicing the DCA techniques which had been proven to be one of the most reliable way to accumulate while holding in small fractions.

With all die respect, no one shoukdnbe panicked or pressure to own bitcoin at any given time because there are always several opportunities that comes with a particular season and we shouldn't be too focused on what's lost that we don't get the time to catch what's ahead.

Topic: Calm the pressure - page 3. (Read 594 times)