DID I MAKE A MISTAKE INVESTING IN BITCOIN? - page 13.

imstillthebest

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Quote from: d3nz on October 10, 2019, 11:23:30 AM

No, it is not. It is not a mistake investing your money in bitcoin and its really good that you are part of the new payment generation and blockchain technology.

Investing your money in bitcoin is really a good investment and for long term holding but it will depends on you if you have bought it in cheap price and most likely to get a lot of profit in the future.

its a blessing in disguise because of its risk and reward feature . the better part here is that even if you loose atleast you did a contribution to help the btc community grow . everyone makes a mistake on investment .

mistake on entering which is acceptable because there is no indication if its the right time or wrong time . or mistake because you sold too early because there is also no indicators if the price will continue or not .

d3nz

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No, it is not. It is not a mistake investing your money in bitcoin and its really good that you are part of the new payment generation and blockchain technology.

Investing your money in bitcoin is really a good investment and for long term holding but it will depends on you if you have bought it in cheap price and most likely to get a lot of profit in the future.

cotton ball

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Not you did, you never make mistake with your investing in bitcoin because bitcoin more profitable investment kinds, put your money in bitcoin or altcoin than you have save your money in the bank or in your house without can increase every day, with investing in bitcoin you can get much profit later when price up.

BitcoinBench

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Quote from: Excell110 on October 01, 2019, 03:50:53 PM

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...

What will be your response to this question?

If you followed advice of youtube videos then yes.

JollyGood

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Quote from: Excell110 on October 01, 2019, 03:50:53 PM

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...

What will be your response to this question?

It all depends on when somebody invested and when they sold up. It varies from person to person and of course the dates that they purchased and sold.

lab rat hoax

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I think the answer is no. If the investor has invested in bitcoin with a long or medium term expectation, no need to worry. will be lucrative soon, only needs a little patience. but if that investor invested in bitcoin with dreams of becoming rich in the short term, I'm sorry things will not go well

Nadziratel

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Quote from: abel1337 on October 07, 2019, 01:56:37 PM

Quote from: Nadziratel on October 07, 2019, 01:43:10 PM

Quote from: bigmick44 on October 07, 2019, 01:26:40 PM

Firstly, one of the main reasons Bitcoin has risen in value so dramatically is its scarcity.There will only ever be 21 million Bitcoins.This tendancy will continue in the future for sure. Secondly, international payments can be time-consuming and surprisingly expensive.Bitcoin has fees too, but Bitcoin often offers lower fees than many foreign transfer institutions. Lastly, everyone loves gold, but is gold the best investment you can make today? We are living in a digital world. Bitcoin represents a new digital era. I think that in the future Bitcoin will be known as the digital gold and i think investing in bitcoin is one of the wisest choices I have ever made.

Having 21 million pieces is actually a very nice illusion. As you know, usually 8 bits are used for Bitcoin. In this case, 21 million * 100 million should be evaluated. As such, there are many ways that Bitcoin's price can go.

21.000.000 * 100.000.000= 2 100 000 000 000 000.

I think there's a misunderstanding, I think @bigmick44 is saying that bitcoin has a fixed supply that is 21 million and where did you get that 100 million.
The current mined bitcoin is around 18 million bitcoin. Let's wait until all bitcoins are mined and the price should be exhilarating.
We do have still a chance to invest in bitcoin specially that all of the bitcoin isn't mined yet, The price of bitcoin should not be on the peak.

Calculation based on if Bitcoin price reach 1 million USD. So, 100 sats = 1 $
Then if we are going to use Bitcoin as a payment, we will do it with sats value usually. Because how many times in a year do you pay $ 8000 at once?
So if we use satoshi's soon, we can't think that there are only 21 million BTC in market.

error08

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For people who bought btc at the peak e.g. $20K then bitcoin tumbled to $10K, can't wait but cut loss.
Bitcoin takes a long time to recover to its ATH, and many people waiting for that to happen, they must have thought like; I did a mistake investing in bitcoin.
That's why, for people who looking for profit by investing in bitcoin but can't wait for years, it is a mistake.

bryant.coleman

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Quote from: mazdafunsun on October 07, 2019, 09:47:40 AM

I believe that BTC in long run i a excellent investment, but for short term it often is very frustaring and can be very emotional.
I suggest that do not invest if you want to make a fast return , because it most likely will end in emotional decision to sell at loss.

The trick is to find a middle point somewhere in between. You can't hold Bitcoin for eternity, as it is a digital asset which can suddenly become worthless if a better competitor comes to the market. But at the same time, you can't expect Bitcoin to give you good returns in short durations, such as 6 months or 12 months. The strategy I am following is very simple. I am liquidating my coins at a rate of around 1.0% per month. I am selling 1/100th of my holdings every month, and at this rate all of my coins will be gone within the next 8 years. This will protect me from any losses in case Bitcoin suddenly becomes worthless. And I would be just about fine even if Bitcoin exchange rates suddenly spike.

Murat

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Of course, not, investment in Bitcoin would not be a mistake anymore, Already Bitcoin has passed almost 10 years and it's still going on high though the price is ups and downs but it doesn't matter, I think the price volatility is based on the lack of regulation process otherwise it would also be a stable platform, whatever the scenario is, Bitcoin is still leading the cryptocurrency and it's getting accepted around the world, not only that but also Bitcoin along with another cryptocurrency (not all cryptos but some) have been recognized as one of the most profitable investment platforms for the long run, so you didn't make any wrong decision regarding this issue.

MrCrank

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Quote from: LFC_Bitcoin on October 01, 2019, 03:55:54 PM

Bitcoin is not a get rich quick scheme. It’s still a very young, raw asset. Most of us OG’s have made huge profits but it wasn’t quick. With extreme patience & the power of HODLING comes big rewards.

If you bought today for example & HODL for 18 months it could be the best thing you ever do.

Just don’t expect to buy today & get rich overnight, it doesn’t happen. People with zero patience who’ve read about getting rich quick with bitcoin shouldn’t bother if they haven’t got the balls to HODL through tough times. Nothing good in life ever comes easily.

Absolutely right.
Better hold BTC 2-4 years.
This is good choice of all coins.

blockman

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Answering that kind of question? I will not stay to bitcoin if it is just causing me stress everyday. Which means that everybody stays because bitcoin is profitable, beneficial and there's a future that can be bigger than our expectations. But answering your own question depends on what were the struggles you've been through and experiences that you've made. Do you think that it's worth it for you to continue if you keep on losing and you just can't see the point anymore of investing in bitcoin?

kooboat

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Money invested in cryptocurrencies especially bitcoin is never a waste. Cryptocurrency is still a young industry and it is clear that many people are coming to join the amazing world. At least for anyone who have invested is an early adopter and the benefits that comes with the invested money would surely pay off in the near future.

abel1337

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Quote from: Nadziratel on October 07, 2019, 01:43:10 PM

Quote from: bigmick44 on October 07, 2019, 01:26:40 PM

Firstly, one of the main reasons Bitcoin has risen in value so dramatically is its scarcity.There will only ever be 21 million Bitcoins.This tendancy will continue in the future for sure. Secondly, international payments can be time-consuming and surprisingly expensive.Bitcoin has fees too, but Bitcoin often offers lower fees than many foreign transfer institutions. Lastly, everyone loves gold, but is gold the best investment you can make today? We are living in a digital world. Bitcoin represents a new digital era. I think that in the future Bitcoin will be known as the digital gold and i think investing in bitcoin is one of the wisest choices I have ever made.

Having 21 million pieces is actually a very nice illusion. As you know, usually 8 bits are used for Bitcoin. In this case, 21 million * 100 million should be evaluated. As such, there are many ways that Bitcoin's price can go.

21.000.000 * 100.000.000= 2 100 000 000 000 000.

I think there's a misunderstanding, I think @bigmick44 is saying that bitcoin has a fixed supply that is 21 million and where did you get that 100 million.
The current mined bitcoin is around 18 million bitcoin. Let's wait until all bitcoins are mined and the price should be exhilarating.
We do have still a chance to invest in bitcoin specially that all of the bitcoin isn't mined yet, The price of bitcoin should not be on the peak.

Nadziratel

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Quote from: bigmick44 on October 07, 2019, 01:26:40 PM

Firstly, one of the main reasons Bitcoin has risen in value so dramatically is its scarcity.There will only ever be 21 million Bitcoins.This tendancy will continue in the future for sure. Secondly, international payments can be time-consuming and surprisingly expensive.Bitcoin has fees too, but Bitcoin often offers lower fees than many foreign transfer institutions. Lastly, everyone loves gold, but is gold the best investment you can make today? We are living in a digital world. Bitcoin represents a new digital era. I think that in the future Bitcoin will be known as the digital gold and i think investing in bitcoin is one of the wisest choices I have ever made.

Having 21 million pieces is actually a very nice illusion. As you know, usually 8 bits are used for Bitcoin. In this case, 21 million * 100 million should be evaluated. As such, there are many ways that Bitcoin's price can go.

21.000.000 * 100.000.000= 2 100 000 000 000 000.

bigmick44

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Firstly, one of the main reasons Bitcoin has risen in value so dramatically is its scarcity.There will only ever be 21 million Bitcoins.This tendancy will continue in the future for sure. Secondly, international payments can be time-consuming and surprisingly expensive.Bitcoin has fees too, but Bitcoin often offers lower fees than many foreign transfer institutions. Lastly, everyone loves gold, but is gold the best investment you can make today? We are living in a digital world. Bitcoin represents a new digital era. I think that in the future Bitcoin will be known as the digital gold and i think investing in bitcoin is one of the wisest choices I have ever made.

mazdafunsun

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I believe that BTC in long run i a excellent investment, but for short term it often is very frustaring and can be very emotional.
I suggest that do not invest if you want to make a fast return , because it most likely will end in emotional decision to sell at loss.

bitcoworld

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Quote from: Excell110 on October 01, 2019, 03:50:53 PM

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...

What will be your response to this question?

Funny correlation as such posts like yours I saw them in 2013+2014 a lot on Reddit of people which started to get very uncomfortable with their Bitcoin investment but you have to understand how ProofOfWork works and you'll get again very very comfortable with your Bitcoin investment. Bitcoin is the digitalization of Gold and if we pick this fact then you should check the history of gold and its difficulty rising over the years. Check out what this caused to the price of gold. Bitcoin is designed the same way as every 4Years you have something called Halving on the Blockrewards which means the difficulty to mine Bitcoin gets bigger and bigger every 4 Years and this will increase the price of Bitcoin dramatically as the last 2 halvings showed us aöready.

Sithara007

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Quote from: octomob on October 05, 2019, 05:37:05 PM

No. Nobody does.
Actually, it depends if you your estimation. If you expect on 1-2-3 years, your expectataions are may be not wrong, but better expect growth in 20-30 years. If you think this way, invest, and your patience will be rewarded. My own opinion, i don't pretend to be thruthful.

Well, you can ask 10 different experts for how long you should hold your BTC, and they will give you 10 different answers. You need to reach on a figure, depending on the risk taking ability and the share of cryptocurrency in your portfolio. But personally, I think that holding these coins for 30 years is not very practical. Although Bitcoin is without any serious competition right now, it will be foolish to assume that the status quo will continue in the near future. After all, Bitcoin is a technological asset. New innovations frequently make the older ones obsolete, and at some point of time the same is going to happen with Bitcoin as well.

Eugenar

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Quote from: Excell110 on October 01, 2019, 03:50:53 PM

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...

What will be your response to this question?

Let's not be biased here, we are all cryptocurrency enthusiast and based from your topic and opinion, the only way you can have a mistake investing in bitcoin, is the season or time when you invested it. If you are about to invest your money to buy bitcoin when you think its market price is high, then you are about to commit mistake. What you need to do is to be observant and updated to the news or simply conduct a fundamental analysis of every situation in relation to bitcoin.

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