Welcome back OP.
I am very optimistic about the future of Bitcoin because in the last 4-5 years it has received special attention and governments have also been forced to accept Bitcoin. Do you agree? In the early years of Bitcoin's rise, out of every 10 posts in this forum, 8 posts were related to the acceptance of Bitcoin by governments and concerns related to it. But now? Everything is completely normal. This is the power of Bitcoin!
Topic: getting back into the BTC game - page 3. (Read 1051 times)
Sorry about your ugly experience with Bitcoin, but next time, you should be more careful. You may not even need the hard wallet, but keep your Bitcoin in multiple wallets. So that if one gets compromised, others will still be there for you. But if you are storing a huge amount of money, going for the Trezor Safe 3 may be a very good option. Still, make sure that you are careful about keeping your wallet, otherwise, it will be a waste buying the gadget.
As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.
Yes you are right it is smart choice to be careful when investing in Bitcoin. And to reduce risk keep Bitcoin in multiple wallets. If we have a lot consider a safe option like hardware wallet. But even with safe wallet we still need to be careful. Before investing we should take time to learn and understand the market. Some people might say to invest little at a time DCA but it's better to be cautious and avoid losing more money. Bitcoin price might drop even lower so it's important to wait for a better time to invest. But if we will use the DCA method so it is not important that where the Bitcoin is and what is the price of it.As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.
Holding bitcoins in multiple wallets is also a risk because of the pressure we will need to store more seed phrases, so using multiple wallets to store bitcoins is not a perfect solution and think it will make us safer.
Also, having more seed phrases as a reason to believe the option is not good is baseless. If someone can keep a seed phrase for a single wallet well, I don't see how such can't keep it well for multiple wallets and it is not new for people to have more than one wallet without any compromise. We've been sharing enough ways to keep seed phrases on this forum, if you don't know, you ask.
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How low can Bitcoin go and what is a reasonable price for OP to start buying if not now? Do you both have proof or any guarantee that this bitcoin correction will cause it to drop below 50k$?
You sound so perfect now, you who asked such a question, do you also have the guarantee that Bitcoin can't go below $50,000? Maybe you should read what I wrote again, my experience with trading/investment will never make me guarantee any decision, I can only speculate.Against your wish, one thing I will not do is tell people to invest when the market is strongly bearish regardless of the investment approach you are preaching.
Sorry about your ugly experience with Bitcoin, but next time, you should be more careful. You may not even need the hard wallet, but keep your Bitcoin in multiple wallets. So that if one gets compromised, others will still be there for you. But if you are storing a huge amount of money, going for the Trezor Safe 3 may be a very good option. Still, make sure that you are careful about keeping your wallet, otherwise, it will be a waste buying the gadget.
As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.
Yes you are right it is smart choice to be careful when investing in Bitcoin. And to reduce risk keep Bitcoin in multiple wallets. If we have a lot consider a safe option like hardware wallet. But even with safe wallet we still need to be careful. Before investing we should take time to learn and understand the market. Some people might say to invest little at a time DCA but it's better to be cautious and avoid losing more money. Bitcoin price might drop even lower so it's important to wait for a better time to invest. But if we will use the DCA method so it is not important that where the Bitcoin is and what is the price of it.As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.
Holding bitcoins in multiple wallets is also a risk because of the pressure we will need to store more seed phrases, so using multiple wallets to store bitcoins is not a perfect solution and think it will make us safer.
How low can Bitcoin go and what is a reasonable price for OP to start buying if not now? Do you both have proof or any guarantee that this bitcoin correction will cause it to drop below 50k$? If you two give him advice to do his own research and research before investing, then don't give him advice about the better time to buy bitcoin. Let him do his own research and make his own decision, and I will support the DCA idea.
Sorry about your ugly experience with Bitcoin, but next time, you should be more careful. You may not even need the hard wallet, but keep your Bitcoin in multiple wallets. So that if one gets compromised, others will still be there for you. But if you are storing a huge amount of money, going for the Trezor Safe 3 may be a very good option. Still, make sure that you are careful about keeping your wallet, otherwise, it will be a waste buying the gadget.
As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.
Yes you are right it is smart choice to be careful when investing in Bitcoin. And to reduce risk keep Bitcoin in multiple wallets. If we have a lot consider a safe option like hardware wallet. But even with safe wallet we still need to be careful. Before investing we should take time to learn and understand the market. Some people might say to invest little at a time DCA but it's better to be cautious and avoid losing more money. Bitcoin price might drop even lower so it's important to wait for a better time to invest. But if we will use the DCA method so it is not important that where the Bitcoin is and what is the price of it. As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.
I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again. Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back. Oh well, water under the bridge, right? Anyway, I just ordered a Trezor Safe 3 to start "hodling" again. I've been reading different news sources about the future potential of BTC and it still looks pretty bright. What is your personal view? Are you still optimistic? Riding the fence? I'm curious. Thanks.
Sorry about your ugly experience with Bitcoin, but next time, you should be more careful. You may not even need the hard wallet, but keep your Bitcoin in multiple wallets. So that if one gets compromised, others will still be there for you. But if you are storing a huge amount of money, going for the Trezor Safe 3 may be a very good option. Still, make sure that you are careful about keeping your wallet, otherwise, it will be a waste buying the gadget.As for the coming back, you are welcome, but ensure you are rather speculative than having the urge to invest itself. Know how to read your chart and make informed decisions. If you did, you will realise that now is not the time to invest in Bitcoin, the overall outlook is negative, so waiting is the best approach here. Some people may tell you to DCA, but my brother, don't answer them, you could suffer more loss before it gets better, so why not wait? For Bitcoin to have breached $62,120, it may move seriously lower and $50,000 is no longer safe again.
It's perfect time actually to stack up again since bitcoin goes down for a while now. You will gain at least 6-10% profit when you buy now @56k and until bitcoin goes back 67k or even more. As a i see that there is lesser chance it goes back down far below. Just don't forget to stop-loss if you are still in a trading platform to avoid getting loss instead since there is still chance for it to go back down.
Isn't doing DCA better than using a stop-loss? One doesn't need to use all their funds to buy Bitcoin at a single price point and then keep watching the market after that, one should divide their capital into multiple portions and keep using them one by one to buy Bitcoin as the price keeps going down because we never know, we might think it is the least price we are going to see for now but the market can always surprise us, so it's better to be prepared than to regret it later.
Some people do DCA but they do it the wrong way. You are not supposed to keep buying Bitcoin on every drop of $1k from its price, for that, you will need an extremely large capital so that you can keep buying. The best way to do this is to make the gap a bit bigger so that you can adjust your capital accordingly and be able to buy the bottom as well because if you exhaust your capital and the market goes even lower, you will regret buying earlier and not having anything left to buy more because that could generate more profits for you.
I'm glad to be back and look forward to building up my BTC again.
It's perfect time actually to stack up again since bitcoin goes down for a while now. You will gain at least 6-10% profit when you buy now @56k and until bitcoin goes back 67k or even more. As a i see that there is lesser chance it goes back down far below. Just don't forget to stop-loss if you are still in a trading platform to avoid getting loss instead since there is still chance for it to go back down. I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again. Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back. Oh well, water under the bridge, right? Anyway, I just ordered a Trezor Safe 3 to start "hodling" again. I've been reading different news sources about the future potential of BTC and it still looks pretty bright. What is your personal view? Are you still optimistic? Riding the fence? I'm curious. Thanks.
Did you stop becoming a holder after your account on the forum got hacked? If yes, then that's wild. To ask your question; Yes, I'm still optimistic about Bitcoin. Yes it might have decade over a decade+ to gain grounds but all new revolutionary tech don't need to change the world in a year, it can do so over time. Btw, welcome to the bandwagon. Bitcoin has survived several tests so much that I'm convinced that Bitcoin is never going away and will be a part of our lives moving forward.
I did, but it wasn't just because of the account hack. I'm glad to be back and look forward to building up my BTC again.
I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again. Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back. Oh well, water under the bridge, right? Anyway, I just ordered a Trezor Safe 3 to start "hodling" again. I've been reading different news sources about the future potential of BTC and it still looks pretty bright. What is your personal view? Are you still optimistic? Riding the fence? I'm curious. Thanks.
Did you stop becoming a holder after your account on the forum got hacked? If yes, then that's wild. To ask your question; Yes, I'm still optimistic about Bitcoin. Yes it might have decade over a decade+ to gain grounds but all new revolutionary tech don't need to change the world in a year, it can do so over time. Btw, welcome to the bandwagon. Bitcoin has survived several tests so much that I'm convinced that Bitcoin is never going away and will be a part of our lives moving forward.
I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again. Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back. Oh well, water under the bridge, right? Anyway, I just ordered a Trezor Safe 3 to start "hodling" again. I've been reading different news sources about the future potential of BTC and it still looks pretty bright. What is your personal view? Are you still optimistic? Riding the fence? I'm curious. Thanks.
Yup. Still very optimistic despite the market situations. With how the market is moving right now it may make you think that bitcoin's not at a really good place financially and economically speaking but the thing is, it's the aftereffects of a market of people who already got acquainted-used to even, with how bitcoin works overall. So yeah, while the market's not at the greatest at the moment we're still bound for a massive pump later on in the bull season. Highly suggest you activate 2fa on your account this time too, so sorry you lost your stuff but welcome back!
Would like to also recommend you get into a couple of crypto newsletters beyond bitcoin as well. If you really wanna make bank in this industry the best way to do it at this point is to diversify and start investing in other cryptocurrencies besides bitcoin and ethereum. It's become a relatively safe space as well, and as long as you have half a common sense rugpulls should be a thing of the past for you
I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again. Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back. Oh well, water under the bridge, right? Anyway, I just ordered a Trezor Safe 3 to start "hodling" again. I've been reading different news sources about the future potential of BTC and it still looks pretty bright. What is your personal view? Are you still optimistic? Riding the fence? I'm curious. Thanks.
Is it that because of your hacked account you decided to quit everything about bitcoin, but I think that was not a reason for you to just put a pause about your bitcoin investment. I don't really know when your account was hacked but if you were consistent with bitcoin I believe by now you would have been able to accumulate some bitcoin, but it is all good you are back to start the journey again. Hoding bitcoin is a good decision, it will be nice you keep it up and not allowing anything to distract you.Well, the hacked account certainly didn't help, but that wasn't the only factor. A lot of other things happened around that time in my life (major death in the family, new job, wife just had a baby, new 2nd job) so I guess you could say that life got in the way and my focus shifted.
I'm always optimistic about Bitcoin, and I don't think there's ever been a time I had doubts. Ever since I started investing in Bitcoin, I have not looked back. It's one asset that is worth it, because it's only the asset you can hold and have complete ownership and control, without having any fear that someone can take it away from you. All you have to do is be smart and not make mistakes of giving out your keys to anyone. The price also is not something that I would worry about, because I know no matter what there's always going to be a comeback, no doubts! ✌️
I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again. Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back. Oh well, water under the bridge, right? Anyway, I just ordered a Trezor Safe 3 to start "hodling" again. I've been reading different news sources about the future potential of BTC and it still looks pretty bright. What is your personal view? Are you still optimistic? Riding the fence? I'm curious. Thanks.
Is it that because of your hacked account you decided to quit everything about bitcoin, but I think that was not a reason for you to just put a pause about your bitcoin investment. I don't really know when your account was hacked but if you were consistent with bitcoin I believe by now you would have been able to accumulate some bitcoin, but it is all good you are back to start the journey again. Hoding bitcoin is a good decision, it will be nice you keep it up and not allowing anything to distract you. Hey,
First of all welcome back to the crypto world. But it was really frustrating that you lost your account. But it is good that now you have a positive attitude. And it is really a good decision to order Trezor Safe 3. Your choice is solid for holding bitcoin on Trezor. But I have some questions about your back to crypto world.
*What led you to get back into crypto now?
*Do you have any specific goals or strategies for your investments
I am looking forward to hearing more about your journey as you back in. Always enjoy your holdings.
Thank you.
First of all welcome back to the crypto world. But it was really frustrating that you lost your account. But it is good that now you have a positive attitude. And it is really a good decision to order Trezor Safe 3. Your choice is solid for holding bitcoin on Trezor. But I have some questions about your back to crypto world.
*What led you to get back into crypto now?
*Do you have any specific goals or strategies for your investments
I am looking forward to hearing more about your journey as you back in. Always enjoy your holdings.
Thank you.
Honestly, it's kind of funny, but what led me back to crypto was getting an email newsletter from Trezor announcing their new Safe 5. I went to the site to check it out and then noticed the Safe 3, which I was drawn to because of the price. Then I was curious about how BTC was doing lately since I haven't kept up, so I went to various financial and business sites to check it out and they all said that the future of BTC is still promising, so I decided to take the plunge. I ordered the Safe 3 and I'm going to start buying BTC again to hold. I don't have any specific strategies at the moment related to BTC. I just plan to hold for the duration.
~snip~
Globally, I am riding the fence, since the time of the halving. The price didn't shoot up as almost everyone anticipated and bitcoin has since been struggling to set another all time high price which was naturally my expectation.
Globally, I am riding the fence, since the time of the halving. The price didn't shoot up as almost everyone anticipated and bitcoin has since been struggling to set another all time high price which was naturally my expectation.
Almost everyone? When did the price of BTC explode right after the halving that there would be any logic that anyone should have expected that after the last halving?
I will not be at all surprised that beginners have completely unrealistic expectations, but everyone who has been there for a few years should have understood how the market works. The fact that the price is now going down is actually good, especially for OP and all those who want to invest at low prices.
There is always a significant reason why these dips always occur but I consider them a good entry point for whoever finds himself at the point as an investor.
But it should be known that the bull season isn't done yet as we still expect more momentum in the uptrend even though it is said that Germany is selling off bitcoins and MT Gox has started moving bitcoin from its wallet, these wouldn't last long enough to plunge the space into a bear market but just a mini retracement.
Welcome back to the fray OP, hope you won't be doing any exit anymore, I feel like you're regretting getting out because you got out at the time when bitcoin isn't this high in prices, maybe this will be a time for you to learn to trust the process in bitcoin investing.
Who's riding the fence around here?
People who had been scared to death out of holding Bitcoin have all ran away from here 2-5 years ago.
There isn't really anything that the current news cycles can tell us that will spread fear, unrest, and disruption and cause people to sell their bags. As they ran of of ideas for their script since the pandemic and 2022 crashes.
Totally agree and when another crash happens, I feel like we're all going to see more people running away again, that's a definite thing to happen, regarding FUD spreaders, I do feel like they're learning slowly that people in the community aren't easily trolled anymore by basic FUDs and so they do this thing where they put in the effort to make sure that the FUD is going to be believable as possible and at the same time could scare newbies into backing out of their investments. People who had been scared to death out of holding Bitcoin have all ran away from here 2-5 years ago.
There isn't really anything that the current news cycles can tell us that will spread fear, unrest, and disruption and cause people to sell their bags. As they ran of of ideas for their script since the pandemic and 2022 crashes.
I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again. Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back. Oh well, water under the bridge, right? Anyway, I just ordered a Trezor Safe 3 to start "hodling" again. I've been reading different news sources about the future potential of BTC and it still looks pretty bright. What is your personal view? Are you still optimistic? Riding the fence? I'm curious. Thanks.
Optimistic of course especially for Bitcoin. To put it simple, it came across a lot of issues from the previous years, experienced a huge decline on its price, and now it is back on its "feet". If you're planning to re-invest then I think this is the right time. The market price fell recently and is about to go up again. Make sure you won't miss the ride. Bitcoin won't be having such reputation in this industry for no reason. If you are planning to get into other projects, well it would still be a good idea knowing that great projects are being introduced as well at this point but if it is Bitcoin you are eyeing then there's no problem with it as well. Just don't wait for its market price to again be at $70k before you make a decision. I once distanced myself from this industry as well but still found my way back because I don't want to regret anything if I would be missing out on this cycle. 
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That is so short-sighted of them. It goes to show you that most of these Governments are run by crooks who have no idea how things work. It's also clear that the power belongs to the power once they decide to go against the unjust Government directives.I think there is another country that tried to ban crypto only to start imposing a tax later. I am not sure whether it was India or the Philippines. So long as the people stick to the principles of Bitcoin, most of these Governments will have no choice but accept crypto as an alternative payment system for the citizens
Wait so after banning cryptos in your country, the Government then decided to tax crypto trading fees?
Yes. They are very confused.First, they ban crypto transactions using banks. Then we resorted to P2P. Then they forced the crypto exchanges to delist the Naira pair on their platforms so as to stop people from getting involved in crypto, yet we found another way. And now they are back because it was a futile attempt that didn't work. So now, they are going to enable the naira pair but any crypto transactions will carry a 7.5% VAT. Well if this doesn't work, I won't be surprised if they raise it up to 10% which they had earlier proposed in their 2023 finance act
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How exactly does this work since they failed to collaborate with an exchange like Binance?
The thing now is that Binance if they want to continue doing business in Nigeria which is their biggest market in Africa, have no other option than to accept. In the end, it is about profit-making and staying in business and not the about the customers. I know their revenue dropped in the few months that Nigerians were no longer able to do any crypto transactions on their platforms. To understand better, you can read this article - Nigeria introduces 7.5% VAT on crypto transactions
Hey,
First of all welcome back to the crypto world. But it was really frustrating that you lost your account. But it is good that now you have a positive attitude. And it is really a good decision to order Trezor Safe 3. Your choice is solid for holding bitcoin on Trezor. But I have some questions about your back to crypto world.
*What led you to get back into crypto now?
*Do you have any specific goals or strategies for your investments
I am looking forward to hearing more about your journey as you back in. Always enjoy your holdings.
Thank you.
First of all welcome back to the crypto world. But it was really frustrating that you lost your account. But it is good that now you have a positive attitude. And it is really a good decision to order Trezor Safe 3. Your choice is solid for holding bitcoin on Trezor. But I have some questions about your back to crypto world.
*What led you to get back into crypto now?
*Do you have any specific goals or strategies for your investments
I am looking forward to hearing more about your journey as you back in. Always enjoy your holdings.
Thank you.
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