Topic: Calm the pressure (Read 586 times)

OP, that's true and always remember that there are always market changes every week. The good and the bad are all on display and nothing is best held long term except BTC. Learn to understand the bitcoin chain. When the market moves up this week or next week, it means how we really start investing in Bitcoin properly. Educating ourselves and staying informed and patient are top priorities in this regard.

In investing in Bitcoin you need to calm down,don't rush and be sure of what you want to invest you need to plan your life and your investment one to two years before you start investing,towards approaching the next bull run so that will not regret it because it's all about risk, it might exceed when expected you never can tell,if you must borrow to invest, it should be 1-2% that will not have effect on your livelihood, so that if it doesn't work out the way you want it you will continue your life peacefully and not going to star from square one. The patience dog eats the fattest bone

There are few important skills that I have learnt by being a part of this forum.
Patience is something that is definitely required whether you are trading, gambling or investing and holding cryptocurrencies and that is something I have learnt by being here.
Living within your means gives us the ability to manage our expenses, limit the losses and increase our profits steadily and I have learnt this well over the years.
Dollar cost average is the best technique to become rich over the long term and this is why keep investing in bitcoin at regular intervals to accumulate more over the long run.

Pressure is good sometimes, makes some people to be able to think better and come up with solutions to their problems faster. If you are under the pressure that you have not invested in bitcoins, instead of trying to kill the pressure so you can return too the relaxed state that put you under pressure in the first place, use the pressure to think of ways of earn money quickly, so you can have to invest in bitcoins. It is the pressure that can make someone think of taking a loan, with that same pressure if they can think hard enough, alternative ideas may come to mind, ideas that will be better than borrowing.

I think what @smartvirus is trying to say It's not about taking loan it's rather about how hard it is to letting the time slide by knowing very well the potential the next bullrun holds for you should you invest at this moment but unfortunately you just can't because you don't have the money to at the moment.

It is like watching a close by opportunity pass you by before your very eyes and you can't just do nothing not that you ain't willing to do something about it but that you don't have the means to grab the opportunity and you just got to wait for another which may take longer time.

My advise for people in this condition is to search on the internet on was on how they can earn bitcoin through rendering a service. So with your skill you can earn a bitcoin. There are remote jobs that offer to pay in crypto to their employees making you become a bitcoin hodler. Technology has expanded the alternatives ways to own bitcoin other than just through a p2p fiat purchase.

Buying bitcoin is not a do or die that even if you can't afford at the moment, you still tend to become trying hard just to never miss the opportunity. That is never good when investing. Note that investing will never assure everyone to reap positive results. Some may profit successfully while others become unfortunate and lose all their funds. That is why when you feel the pressure is high, never grab for it but wait for the perfect timing wherein you're highly capable to invest even if things didn't work in the end.

It is never advisable to borrow money to invest or start up a business. You can borrow in the course of running the business when you have seen the four walls of the business and how it works with prior experience and knowledge gained so that when appropriating funds, you know how to apply it to the business in other not to be at the losing end of it all. Same is applicable to crypto or bitcoin trading but you should have at the back of your mind that it is a high volatile asset and at such could be very risky to take such decision.

Putting yourself under pressure with anything that has to do with bitcoin and trading is nothing but a very big error because you just might put yourself in a much tight stand if the volatile nature of the market comes into full force and you are caught off guard, do you not think that is a problem for you? Not to talk of when the asset in question is borrowed with the sole intention of profit making or revenue generation.

I understand you on this point, but it is best to take a calculated risk.  Risk taking is taking decision that are full of uncertainty. When you take loan for a volatile asset such as bitcoin, is taking actions with uncertainty.  I think everyone knows what is good for them. If one can be so emotional on their investment made with their hard earned money, what do you think about it when someone borrowed money to invest.

It’s a very hard thing your asking for those that have been able to identify the potentials in bitcoin and the time they just might be letting slide should they not invest at the time.
Yeah, it’s very much early with bitcoin still, we’ve got barely 3 halvings since and we have many more halvings much more than we already have to come.

If the idea at the moment is that, halvings brings about bullrun and that means, price appreciation of pumps, given that we’ve attained just 3 halvings thus far and may more to come,
Wouldn’t the natural idea from history be that, we are going to have more price appreciation in fourth coming years and halvings?

This makes not investing now a hard to imagine reason and understanding the potential that exists within the space a hard to ignore choice.

That's the fact, mate, and we should work to practice patience. In life, excellent things rarely come easily, so we shouldn't attempt to copy others when they are performing better than we are. Instead, we should wait for our own perfect in every way, since there is no reason to question your method of operation.
It is not a good idea for any of us to take a loan; instead, we should wait for the perfect time to begin an investment or any other potential changes we want to make to our lives. If we do take a loan from a bank, we will undoubtedly touch the money we invest because I doubt there is any longer any way to extend the repayment date, or the person we borrow from doesn't understand what we use the money for.  We can see that is not a best action to perform.

It is called investment for a reason; Invest risk taking, Ment action taking, when both are joined in a single sentence it becomes risky action. As far as risk is involved there is no good or bad time to pull the trigger, In the world of investment no one can say emphatically when a risk will pay off. But my little advise is only risk an amount that is affordable. Every time is seed time in the crypto world but the harvest comes very slow but when it finally comes it pays for all the time wasted.

Don't borrow to invest in cryptocurrency especially Bitcoin is a valid advice, one that should be taken into great consideration before ever venturing into investing in Bitcoin, first before you take such risk of borrowing to invest it is Worthy to ask, how much knowledge do you have about cryptocurrency?? Because I'm very sure if you have good knowledge enough then it will not cross your mind to consider such.

As technical as it may sound probably because a good opportunity seem to have avail it self making you see it as a sure bet, borrowing to invest still remains unwise and unsafe. Before investing especially with borrowed fund consider the following, your 1. psychology; I always talk about psychology because it has a great role to play in every traders life, with borrowed funds your psychology will definitely not be in check to a great extent, this is because you want to make up for your debt at every opportunity the market avails you hence increasing your risk appetite and incurring losses. 2. Trade plan and strategy 3. Market condition's etc.

If you are at first place putting pressure to buy something, you are doing it wrong. It shouldn't be a forced decision anyways. It is your own choice and your own decision, and if you have enough money to survive after today's high living cost, you should Invest otherwise you should look after your family first instead of buying Bitcoin or any other Crypto asset thinking that you will will become a millionaire in an year or so, that's not how it works.

If you want to be part of this bull run but don't have the money to invest, don't borrow money to invest in high volatile and risky asset like bitcoin or any other cryptocurrency. Try investing in small amounts for now that don't affect your financial stability. You will gain experience of what a bull run looks like. In the future, when you have more money and experience, you will be able to do things much better while participating in next bull run. Borrowing money will make you feel depressed all the time because of sudden ups and downs, you'll make bad decisions in your everyday life.
 

That is newbie's personal perspective on bitcoin since some of them think that bitcoin cycle remain just like that and they became rich easily. They forgot to know the real use case of bitcoin that's why they face some reality check when bear market condition hit up to them. Maybe they should look at bitcoin as currency maybe they can get something realistic thinking about it and not just want to get easy richest from this coin.

People who take Bitcoin as a hedge or as a way to protest against the fiat or banking system, no more bull runs wouldn't be a problem. But many (most?) are simply looking for a get-rich-quick scheme, and for them being wrong with their price expectations would be a failure for Bitcoin.

They should remember that Satoshi didn't invent Bitcoin to make them rich.

If your adoption of bitcoin was purely for bull run's,  you need to have a rethink because the use case of bitcoin is  beyond bull run. There's a many usefulness of bitcoin than are profitable and convenient than  just bull run's.

Peradventure we never had a bull run occurring again are you going to back out your bitcoin investment or what?

Seriously, you have given a good advice because, as people are shouting that bull run is around the corner, some people are looking for any means to get the money and invest in cryptocurrency because of the profits people talk about making doing bull run. If you have your own money, you can invest, but don't be too eager because of the profits people are talking about and go and take a loan to invest in Bitcoin. We have been warned by crypto experts that we shouldn't take a loan to invest in Bitcoin because it involves risk due to its nature of volatility, and again, we are advised to only invest what we can afford to lose.

The problem may not be whether it is late or not. But how can we calm the pressure as a beginner when we have just bought Bitcoin, but the price of Bitcoin drops suddenly very drastically. And that is one of the tests for newbies who have just invested in Bitcoin, and this is what makes new investors or beginners finally give up. This is what is difficult, namely when we maintain ourselves, stay calm and not panic when a bearish or market correction suddenly occurs painfully. For us, we probably already understand this, especially when we really understand when is the best time to do DCA, because no one is late. However, this will be difficult for newbies when they see their assets drop very much. This is precisely what needs to be emphasized to always calm the pressure wisely.

Don't rush and stop making wrong decisions about loaning money just for this sake. We can use our personal money and apply the DCA strategy just to fit the amount of money that we have. Don't get jealous of your friends who got 1BTC instantly, they are probably rich and can afford to buy it. We have to remember that Bitcoin is a risky investment and of course, with strategy. If we continue buying while waiting for the bull season, our investment will grow as well. The most important is that we never fall into debt, invest only the amount that we can afford.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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! 

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.

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.

 

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.

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

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.


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.

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.

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.

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.