help me not to leave btc - page 4. | Bitcointalksearch.org

CageMabok

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Quote from: puradak on December 06, 2023, 05:57:36 AM

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

If you want to plan your DCA strategy for Bitcoin, you don't need to pay attention to meme coins or other shitcoins that are not at all your target for future investment assets. Because you only need to focus on your own work to continue earning and use some of that income to buy Bitcoin again as your own investment without having to look at other coins that are increasing because the biggest potential strength in investment in the crypto space is in Bitcoin, not in memecoins like that you mentioned.

DabsPoorVersion

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Quote from: puradak on December 06, 2023, 05:57:36 AM

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

Don't get FOMO'd with the current green market of every altcoin. Focus yourself only on Bitcoin or if you're not interested in selling your Bitcoin on this current pump in the market, you can keep yourself away from the market for the meantime while you continue investing by proceeding with your plan to do DCA strategy.

However, just a piece of advice, there's nothing wrong with investing in other coins aside from Bitcoin. If you have enough knowledge on how to identify the worthy coins in the market or if you know how to follow the flow of the market/trend you can diversify your investment portfolio and buy other altcoins you want.

Bitcoin_people

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Quote from: puradak on December 06, 2023, 05:57:36 AM

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What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

If you invest in Bitcoin and hold it for a long time, it will definitely pay you the highest. We know that Bitcoin is a superior currency that reaches the highest value so if you invest in it, you can also get good amount from it. But you must be patient and wise enough to stay in Bitcoin. If you are investing in bitcoins you need to control your patience don't be emotional because if you can't control your emotions then you will never be able to hold bitcoins. That's why try to be patient and plan for a long term investment in Bitcoin as you won't get much profit in a short period of time. Bitcoin is currently climbing much higher than it has been in the past year and is growing rapidly to reach higher levels. So if you want to invest in bitcoins and hold them because there is a bull market ahead you buy and hold bitcoins. If you are expecting profit from Bitcoin investment then definitely you can use DCA method it will give you maximum risk free and you can profit if you use it.

moneystery

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staying with bitcoin or not is entirely your decision and we here cannot stop you from continuing to invest in bitcoin or not. it depends on your motivation whether you want to continue investing for profit purposes, or something else.

but what you need to remember is that bitcoin is a digital asset with potential and will be used by far more people than it is today. maybe you see that your current investment sometimes goes up or down, but don't look at the short term, but the long term. imagine 5 or 10 years from now, are you sure that investment will remain like that? i don't think so.

so because of this, use the potential of bitcoin as your motivation to continue investing in this instrument. and imagine that a few years from now you can be one of the successful people after investing in bitcoin.

WhyFhy

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Bitcoin is king in my book..Alts are little stepping stones to help me find more BTC .
These days I don't even really use Alts to get BTC because well they aren't BTC!

riantolie

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Do your research and understand why are you investing in it. It's harder when you're younger, but try to think in the long term. BTC will pump and dump a lot of times in the future. But in the long-term it will most likely melt faces. So if you want to DCA - remember that when you invest. And don't open your wallet too often. A couple of times in a day is enough when you don't have money to invest and don't plan to sell anything.

naira

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Quote from: puradak on December 06, 2023, 05:57:36 AM

What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

Before going any further there are several points that are often one of the ideal factors for investing in Bitcoin with DCA.

The first is to ensure that your finances are stable your monthly income and personal needs are met then you can allocate the remaining funds either weekly or monthly to repay Bitcoin in an amount that you can afford.

Second, always withdraw your Bitcoin from the exchange because your goal is a longterm investment so don't leave your Bitcoins in the hands of others. You must confirm the withdrawal fee because usually this is very important for those of you who always do DCA. For example I invest once every 2 weeks and then withdraw once a month considering the high fees these days I am forced to do that.

Third, make sure the cold wallet you have and the breeding seeds are backed up in a safe place for example in a manual place by writing in a notebook or something similar.

Fourth, don't be easily provoked by bad news regarding Bitcoin which causes your investment to be doubted. If you believe Bitcoin will be profitable in the long term then filtering bad news against the price of Bitcoin will minimize your worries.

Litzki1990

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To become a Bitcoin investor you first need to gain adequate understanding of investing. After gaining enough knowledge about bitcoin investment you need to develop a risk mind-set, when you have a risk mind-set then you should boldly invest in bitcoin and have full confidence in your investment and then try to hold that investment. In the beginning you have made a good decision that if you invest in Bitcoin I personally think it is a good decision for you. If you search you will find many such coins to invest in but you must find the right coin and you must have discussed the right one here. Investing in Bitcoin is very safe and relatively low risk investment when compared to other coins so you can be confident and try to gain more knowledge about investing.

EarnOnVictor

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Quote from: puradak on December 06, 2023, 05:57:36 AM

I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

This is your choice friend, it's all about investment, once you have your money for any viable projects in cryptocurrency, it's all good for you.

As you already know, Bitcoin is superior to all other coins, no doubt about that, and this will give you the rest of your mind in your money. No matter what, Bitcoin will continue to grow and in a few months or about a year to this time, you can't have the same amount invested in your wallet again in terms of the dollar value, you might have gained or even have multiple of the money you invested as gained in the wallet. But at times, more risk might be needed and that could be gotten through altcoins, and this can amount to more gains as well. And if you are to do it like me, you will be looking for a way to diversify your portfolio. You would be looking for the best means to divide the intended money for investment into Bitcoin and other coins (altcoins).

By this, you will not miss out on either side and I am sure that you might possibly gain more than if you invested it only in Bitcoin. As I said, the choice is yours, but when you are investing in altcoins, you need to do your thorough research so that you do not invest in scams or dead projects.

fauzan Ichsan

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Quote from: Silberman on December 06, 2023, 11:25:48 PM

Quote from: puradak on December 06, 2023, 05:57:36 AM

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

If your main interest you have in bitcoin is because of the economic gains that you may get, then it is reasonable that you also have some passing interest in altcoins which can grow in value even faster than bitcoin, to me it seems way better that you do not restrict yourself from investing in those coins as that is what you seem to truly want deep down, what you can do is to invest a small percentage of your capital on those coins so you can limit the negative impact those coins may have if you are just becoming a victim of FOMO, but other than that I do not think there is anything wrong with investing a small part of our capital in altcoins, as long as those coins are any good.

The most important thing is how we manage our money well, increasing the risk a little, but also increasing the rewards from investing in altcoins. but indeed by diversifying assets properly we will have the opportunity to get bigger profits, if the development of altcoins is not satisfactory, it will be covered by bitcoin, which is the safest asset to invest in, as long as it is not reversed, where the altcoin investment is greater than the bitcoin investment, then this will only add to the confusion in investing

Silberman

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Quote from: puradak on December 06, 2023, 05:57:36 AM

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

If your main interest you have in bitcoin is because of the economic gains that you may get, then it is reasonable that you also have some passing interest in altcoins which can grow in value even faster than bitcoin, to me it seems way better that you do not restrict yourself from investing in those coins as that is what you seem to truly want deep down, what you can do is to invest a small percentage of your capital on those coins so you can limit the negative impact those coins may have if you are just becoming a victim of FOMO, but other than that I do not think there is anything wrong with investing a small part of our capital in altcoins, as long as those coins are any good.

Charmekkd

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Quote from: puradak on December 06, 2023, 05:57:36 AM

What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

The strategy that you can apply is actually not difficult. You only need to prepare money that is completely unused, or cold money. Then after that you can start running the DCA system slowly. Because now is still a good time to do DCA on bitcoin. Because the Bitcoin halving and bullish market will come soon. So you can start straight away when you already have cold money. And in my opinion, this is very mandatory to implement for the security and comfort of investing in Bitcoin.

Solokan

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Bitcoin is the safest and most decentralized crypto, that's why many people dare to invest in BTC because the level of security is very good and of course it's different from altcoins which are always difficult to predict price movements and altcoins of course the risk is too high. Indeed, the profit from altcoins is always big but the risks are also very high. So in my opinion it would be better to prioritize security rather than high risk.

I think the mindset that you must have is that you must be able to see the current reality, of course you have seen how safe Bitcoin is and surely you also see that now the price of BTC is more than $ 43k, of course people are buying at past prices when BTC is expensive at the moment bull run of course there is a big opportunity to make a profit, of course for people who don't panic who sell their BTC during a bear market. Of course, it's different from altcoins because altcoins sometimes can't return to their original price, but bitcoin always creates a new ath.

planning a dca strategy of course you have to buy btc regularly, for example every month or week and of course you have to use money that are ready to lose.

bayu7adi

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Quote from: puradak on December 06, 2023, 05:57:36 AM

What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

Long term mindset. You must be able to survive for a long period of time with BTC because bitcoin is truly the strongest currency compared to altcoins. In fact, I think buying Bitcoin at the current price is still a good decision, the future price projection could be that BTC is above 100k.

the dca strategy that many people use may be different, but I still collect bitcoins regularly from the little income I have. at least I am very confident that BTC assets give me high confidence for the future.

pinggoki

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Just trust the process, you're already invested in bitcoin already and I don't think that nothing ever is better than that, if you feel like you're FOMOing on other altcoins, just remember that people that got out of bitcoin too early and then the prices started going up again and now they're regretting it so much and then they learn their lesson and buy bitcoin again but now the price aren't what it used to be for them so they value that they've got for getting back into bitcoin again is much lower than last time that they've got in. If you really don't like the idea of having to miss out on altcoins that are going up in prices recently, I recommend that you invest only what you can afford to lose.

Mrbluntzy

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Don't sell your bitcoin to go and invest in altcoin because Bitcoin investment is safer but if you have more spare cash, you can invest only little amount into the coins in your list. Do not let investing in altcoin stop you from investing more money into bitcoin because bitcoin has a very wide market than altcoin, bitcoin is decentralized but so many altcoins are centralized, the advantage of Bitcoin in making profit is more unquestionable than altcoin.

Darker45

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You don't want to invest in other coins and you think that Bitcoin is superior. I wonder why you have to mention that shitcoins such as Shiba Inu and others have skyrocketed. Don't mind them. But are they really skyrocketing? It seems they're not.

Anyway, DCA according to your capacity. You're 19 years old. Do you have a job? If you don't and you're dependent on your allowance, do it on wider time frames, say, monthly or every 2 months. If you already have a job and you can do it weekly or bi-monthly, you may choose that option. Just put in your mind that you're set for the long term.

peter0425

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Quote from: Assface16678 on December 06, 2023, 06:56:08 PM

Quote from: puradak on December 06, 2023, 05:57:36 AM

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

I don't think it's too late for you to invest in bitcoin. You don't have to own a lot of bitcoin or satoshi to earn; you just have to watch out when you are going to do your DCA and analyse the market first. Because bitcoin is volatile, the opportunity is always there. If you can analyse and execute, then you know when to buy satoshi for your DCA. In fact, bitcoin is the safest coin if you know how to analyse the market, unlike altcoins and shitcoins, which tend to fail. You don't have to be afraid and push yourself to invest if you are unsure. Take your time; bitcoin investment is always there to be invested, so it will never be too late. I started late in bitcoin but am still earning because it depends on how you will execute in the market; it's all about you. If you are not confident enough, then build your confidence.

Mate have you read that post that you quoted ? because there is no single word there that he is planning or having second thoughts investing in Bitcoin because the truth is? he already have bitcoin and what is his concern now is about the skyrocketing of altcoins in the market that making Him think if he will continue his bitcoin holding or will transfer to other altcoins that may skyrocket first before bitcoin does.

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Quote from: puradak on December 06, 2023, 05:57:36 AM

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

I don't think it's too late for you to invest in bitcoin. You don't have to own a lot of bitcoin or satoshi to earn; you just have to watch out when you are going to do your DCA and analyse the market first. Because bitcoin is volatile, the opportunity is always there. If you can analyse and execute, then you know when to buy satoshi for your DCA. In fact, bitcoin is the safest coin if you know how to analyse the market, unlike altcoins and shitcoins, which tend to fail. You don't have to be afraid and push yourself to invest if you are unsure. Take your time; bitcoin investment is always there to be invested, so it will never be too late. I started late in bitcoin but am still earning because it depends on how you will execute in the market; it's all about you. If you are not confident enough, then build your confidence.

passwordnow

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Your age is giving you the vibe that you need to ride the FOMO and that's not a good indication as an investor. You can't even decide for yourself so you're asking what to do with all of those shitcoins that you have and by the time that you've seen them up, you're going to leave the other for it.

The best time is now before the halving of Bitcoin, is this you that's already firm with the decision that you're not going to leave Bitcoin? Honestly, there's no need for you to leave Bitcoin or what you liked and have invested before. What you must do is to just reinvest with your new money if you ever had it.

You're still 19 and had a lot of things to do and with your investing decision now is going to determine your future with Bitcoin. Decided and investing to Bitcoin? No money? Sell what is necessary to be sold and what you don't need anymore.

Topic: help me not to leave btc - page 4. (Read 900 times)