Calm the pressure - page 4. | Bitcointalksearch.org

SamReomo

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Quote from: Forever101 on September 06, 2023, 08:57:53 AM

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.

I agree with you it's not worth to borrow money in order to invest in any crypto-currency even Bitcoin because we aren't sure that in which direction Bitcoin's price will go and if someone borrows money in order to invest in it then I would consider that as a poor decision. The ones who borrow money will have to pay huge interests and sometimes they won't gain much profit byinvesting in Bitcoin and the interests grow much high over time that they can't recover those with the profits they earn from Bitcoin investment.

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Quote from: Forever101 on September 06, 2023, 08:57:53 AM

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.

Well, if someone offers me money in the form of long-term loan to pay when I can regardless of the duration, and the person doing it just to assist me financially so I can have my full independence, I will consider accepting such money and investing a very huge percentage of it to bitcoins. If I have not planned any business to invest the money into, investing it first in bitcoins will be what is best for me to do since I know there is a potential for t to be profitable. I do not advice you take loans, but there are some situations where you can accept some kind of money from people who offer you loans with no collateral, no interest, and no duration to pay back.

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Quote from: Forever101 on September 06, 2023, 08:57:53 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.

The best time to buy Bitcoin was in 2009 when it was created and basically worthless and the second best time is today. We're still early because the potential that Bitcoin has is more than anybody can imagine. Looking at the price today it's trading above $25k and if you would have told people 10 years back that the price will be this high they would have probably laughed at you and called you crazy but here we are predicting the price to go higher in the coming bull market. It isn't late to buy Bitcoin today because we aren't yet close to the adoption that bitcoin will have in the future. It's best to have a seat at the table to witness it all.

Quote from: Forever101 on September 06, 2023, 08:57:53 AM

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.

Instead of borrowing money that won't give you the peace of mind that you need as an investor, DCA into Bitcoin by investing the little you have whenever you have it and in no time, you would have invested more than you could have ever imagined. People would borrow to invest don't always have a happy ending and the crypto space isn't somewhere you should be having baggage over your shoulder like a loan that you have to pay irrespective of how the market plays out. Be wise with your investment and cut your coat according to your size.

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The urge to fomo is inevitable but dont put too much pressure on yourself as money isnt a material that comes around easily. Many people blindly use their hard earned money to invest during the bull run season and now have loss a lot. Thats very frustrating and very unfortunate, cause the volatility of this market affect a lot and becomes a trauma for some. So better be cool yourself and analyze the market calmly.

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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.

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Quote from: Forever101 on September 06, 2023, 08:57:53 AM

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.

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.

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Bitcoin investment is something that one should use his money to invest and not using other peoples money or taking a loan to invest. We all have hope of making profit from Bitcoin in the next bull run but those that can't afford to buy bitcoin should relax their mind as there is no specific time to invest in it,and no time is late to invest in bitcoin.

This is because bitcoin moves in a circular movement and we will see more bull runs. If you don't have money now,take it as a challenge and look for a means to starting earning so that you can like 10% of your income to invest on bitcoin. There is a perfect time for you to join the crypto space. FOMO leads to wrong decision making.

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Quote from: Forever101 on September 06, 2023, 08:57:53 AM

It's not always too late to invest in bitcoins, If you have ever missed any Bitcoin bull run or you have heard about the bitcoins bull run and you are excited to take action, my simple advice is, to calm the pressure. This advice is driven from the viewpoint of the economic struggles of many, avoid overthinking, work hard to earn money, and diversify your investment. Most persons in the crypto space are dying inside because they do not have money to invest due to their present circumstances. 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 in Cryptocurrency, because it is a volatile asset. Life is about risk which you have heard countless times but it will be unwise to take a loan to buy bitcoins.

Fomo can make someone borrow money to invest in Bitcoin so that he/she can see what to sell since the news of Bitcoin halving is near. Calm your pressure because Bitcoin is not a get-rich-quick scheme if you don't have money to invest in Bitcoin keep working on yourself and learn more about Bitcoin until the time is ripe for you to invest in Bitcoin. You might take a loan to invest in Bitcoin to make a profit in the short run without knowing you are in for a long ride. When the time to repay your loan surpasses there will be no money for you to repay the loan. Just calm down and don't allow "FOMO" to push you to borrow money to invest in Bitcoin.

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You don't need to worry whenever you miss the bull or you miss the bear in the market, than to plan well where the money will be coming from, for you to save and wait for another bear to come before you can invest the money on cryptocurrency. Many people are old holders in this organization, and they don't know fear whenever there is bear in the market because they knew that bull market will surely come for those that wish to sell in a particular price can release their coins to make a good profits. You sound like someone that just experience bear market because, many newbies are complaining about this long bear, not knowing that this bear is creating more opportunities for some people to improve their investment to get their target when bull market occur. Borrow money to invest in cryptocurrencies is not a good idea anybody should think of, because it will lead you to some condition that will be too difficult for you to rise financially in your life.

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Quote from: Forever101 on September 06, 2023, 08:57:53 AM

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.

Not even for the cryptocurrency for everything you think of don't borrow to invest in any of investment, get me clear am not saying borrow is bad but a starter borrowing is inappropriate because of the risk involved. Don't be in a rush to invest when people are doing it, please calm the pressure down to avoid the biggest mistake of your life, everything is all about time maybe that wasn't your time, don't just give up in hustle and have faith that one day it will happen. People said life is all about risk, but risk don't involve borrowing for business it go beyond that, investing your money in a business is also a risk.

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Quote from: Forever101 on September 06, 2023, 08:57:53 AM

Life is about risk which you have heard countless times but it will be unwise to take loan to buy bitcoins.

FOMO is one of the causes of all the eagerness to have invested before the bull run, and we all know the results of FOMO: it always leads people to make wrong decisions while investing because they have no time to do research because they are afraid of missing out. Moreover, that can be the cause of some people taking loans just to invest in cryptocurrency, and the funny thing is that some will not even buy Bitcoin because they were told that altcoins bring a higher return than Bitcoin, and with the intention and aim of making money fast, they will be tempted to buy altcoins they don’t know about, which can result in a loss of money.

Some people have yet to experience the bull run, therefore they are attempting to make as small an investment as possible before then, especially since the price of Bitcoin is still very low. Buying Bitcoin now against the bull run is a fantastic investment, but always invest only what you can afford to lose.

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Quote from: Forever101 on September 06, 2023, 08:57:53 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.

There will always be an opportunity for another bullrun till all the bitcoin are completely mined, so if you had missed the previous bull, there's more coming in the future only if you can be patient enough in waiting till such time gets unfolded, we also take advantage with this current market price to buy and hold, we don't have to have a huge sum of money before investing, an ordinary technique of using DCA could render you with accumulating bitcoin gradually till it amassed into something big in the future.

Quote from: Forever101 on September 06, 2023, 08:57:53 AM

Most persons in the crypto space are dying in the inside because they do not have money to invest due to their present circumstance.

There are many ways to earn and have bitcoin when we don't have money for exchanging for it, work and be paid in bitcoin, mine bitcoin or receive it freely from those willing to give you for free if not by exchanging it.

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Quote from: Forever101 on September 06, 2023, 08:57:53 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.

It's not even compulsory to invest in bitcoin by the way. The problem is that majority don't have single knowledge about bitcoin but want to invest in it because they heard people talking or making it from bitcoin without knowing the sacrifice and the patience involve in the process. Not only about bitcoin but no any investment worth borrowing money for as it might be backfire anytime. Work on yourself to establish before thinking of investment because an hungry man can not invest while the stomach is crying for help. No investment is greater and more important than investing in one's self.

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Quote from: Forever101 on September 06, 2023, 08:57:53 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.

I take trading as some sort of gambling, and even hodling Bitcoin could be seen as a bet too, due to political/legal uncertainties and price volatility. That said, the same bad mistake that would be to take a loan to gamble (incredible for many like is, but still too frequent) is to take a loan to trade or invest in crypto.

As you said, it would be better to make the effort and earn some spare money that you can use to invest, or if you don't have a job or it doesn't give you spare money you could even work for crypto in your free time, instead of doing other hobbies that would increase your expenses.

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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.

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