help me not to leave btc - page 5. | Bitcointalksearch.org

jeraldskie11

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Quote from: Vaculin on December 06, 2023, 04:46:44 PM

You don't need a mindset but discipline in yourself. If your aim is to stay longer with bitcoin and see yourself in progress, then never entertain negativity and always motivate yourself to grow as a bitcoiner, which means you need to take risks without being fearful and you need to go out from your comfort zone.

Bitcoin is a high risk asset and riskful journey. If you can't motivate and discipline yourself, then it's clear that your fate is not in bitcoin.

In the current price of Bitcoin, it's a little bit risky to invest because we are waiting for retracement to occur. It's better to wait for a pullback before you invest since the market sentiment is uptrend, it will increase the chance that the market will go to your desired direction. Motivation and disciplined is a very important in trading because you won't succeed if you don't have it. You can't be a disciplined person if you're rushing to trade, having a trading plan is a sign that you are a disciplined person. Having this personalities will help you to develop a strong fate in Bitcoin.

kotajikikox

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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?

BTT has a highest climb yesterday and no doubt about that as the market is showing this but about the other coins , there is a little increase
comparing to bitcoin but yeah it is not enough for me to decide leaving BTC and convert to other coins, maybe you should chill and stop checking
the market specially shitcoins because you will surely be affected for comparison .

boyptc

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

And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

Ask yourself if you have money to DCA to Bitcoin. The plans are easy to make but the execution and doing it is what the hardest part to do.

We can give you the plans that you want to hear but upon hearing those, are you sure that you're going to follow all of it? Because with what I know, most of the people that asks advises from the other people, they don't take heed and won't follow.

That's why, you can do your own strategy on this one. Sell every stuff that you have that has no relation to Bitcoin and use that fund for buying it and in that sense, you're not going to leave Bitcoin.

btc78

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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 have limited money then i strongly suggest for you to focus on bitcoin only i know it might be inviting to invest on other altcoins now that they’re going up because their price is much more lower than that of bitcoin but buying right now when the price is already inclining might not be the best idea because there’s a chance that you don’t get much profit

but if you really want to invest on altcoins make sure to do thorough research and identify its potential if it can go any higher or if the price you’re seeing right now is just a result of bitcoin’s prices going up and in time will not be reached again

your DCA strategy should depend on you and your capabilities since you’re 19 i’m guessing you’re either in college or doing some work already well whatever it is your DCA should depend on how much you are comfortable investing on a regular basis

dunfida

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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 do suggest about on having diversification on which basing up on the coins that you've been holding then i cant really deny that most of them are meme coins but we know that meme coins could shoot up into those
high multipliers on which Bitcoin couldnt really be able to achieve in speaking about its value and this is something that cant be debated. If you are really that minding about multiple folds of investment
then your current portfolio choice isnt really that bad. Therefore, it would really be just that depending on you whether you would really be liking on sticking with Bitcoin or would really be keeping those coins that you've been holding. You shouldnt really that forget into your mind that always take profits if you do see that surge amount or value and dont tend to hold for too long but since we arent still on bull run yet
then its not bad to considering on holding those coins for now.

Kelward

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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?

Bitcoin is the king of crypto coins and you're very safe to stay in bitcoin, especially now that bull run and ATH is around the corner, so you can't go wrong with it. But if you must buy altcoins, I'm old school, so I'd advice you to stick to it's top coins, like ETH and BNB, they will not promise you very high ROI in the shortest time, but you'll still get high value for your investment. But if you have the shock absorber for high risk, then you can gamble with new coins, they're profitable, but you never know the ones that'll diminish before you cash in.

Vaculin

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Winding down.

You don't need a mindset but discipline in yourself. If your aim is to stay longer with bitcoin and see yourself in progress, then never entertain negativity and always motivate yourself to grow as a bitcoiner, which means you need to take risks without being fearful and you need to go out from your comfort zone.

Bitcoin is a high risk asset and riskful journey. If you can't motivate and discipline yourself, then it's clear that your fate is not in bitcoin.

Bitstar_coin

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If your intention is be a btc hardcore then nothing else should matter. All you need to have such mindset is not to care about how high alts are because we all know btc will always reign supreme.

As for dca, you should do according to your capability, if you have a good source of income to dca, depending on the time frame, it can be weekly or monthly.
Your goal should be longterm because as you know btc price fluctuate alot and you might not get your price target within a short-term period.

Sanitough

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If you don't have the patience to deal with market's volatility and you always see bitcoin as a get rich quick scheme, then don't bother to invest in bitcoin anymore. You can make initial profits but seeing yourself in consistent profits is impossible. But if you really have the goals to stay in bitcoin for longer time, then motivate yourself not to be impatient and always put in mind that everything in bitcoin needs hardwork and persistency.

Bitcoin is just like any other investment that needs time and continuous efforts to see it flourish and progress. Faith is important, that's why even if you experience inevitable losses, the fact that you trust bitcoin more than any other crypto investments makes you stick with bitcoin no matter what.

Ryu_Ar1

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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?

There is nothing to suggest because you also know about btc which is superior to altcoins, especially the shitcoin you mentioned so in this case you who have said with confidence that btc is superior just have to do what you believe is right.
DCA can be a very good option for making the investment that you are currently doing because even though bitcoin is currently in a positive trend and the increase continues to occur every day but I think if the goal is a few years from now then buying now will not lose and it is not too late to do so.

bhadz

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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?

Start by your practice and only looking into it. So, the practice is if you still have other assets in the forms of altcoins, sell them for Bitcoin and that's not just all about having the mindset but doing it actually so you'd stay.

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

And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

Depends on how you're living and earning. Do you earn weekly? Then spend a portion of it, maybe 5% weekly will do already but you can increase that depending on your availability and willingness. There's always a way how to do DCA and only you can determine that since your info isn't complete so it's difficult to give you some plans.

coolcoinz

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Listen to me dude. You need to realize what the most valuable asset is. Is it dogecoin? A meme coin that was made as a joke and pumped because Elon tweeted pictures of a dog? Is this the hard asset you're looking to hold?

Don't look at pure profit because shitcoins are volatile and one day you may hit a jackpot, but another day you'll buy it and lose 50% in a few days. Holding altcoins is like gambling. Just hold bitcoin.
I held bitcoin for the past 2 cycles and I'm happy with the results.

Marvelman

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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?

I get why folks chase those meme coins like SHIB or DOGE or whatever - the chance to turn a few bucks into a few grand seems too good to pass up. And hey, sometimes lady luck smiles and it works out. But banking on lottery odds ain't exactly a retirement strategy, right?

Now Bitcoin - there's a coin with a future and maybe buying some here and there when you've got some spare change is the smarter play. Like they say about the stock market - time in the market beats timing the market. If cryptos are here to stay then no reason Bitcoin wont still be around and kicking in 10 or even 30 years. And who knows - maybe 1 BTC will pick up a few more zeros by then too.

Anyway, just my two sats.

Davidvictorson

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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?

How to do DCA strategy is to use the recurring buy on crypto exchanges. It is hassle free. Once you set it you can choose to buy weekly, daily weekly bi-monthly or monthly. You can find this automated buy feature on very popular exchanges like Binance, Coinbase and others. Why I like this automation is that after you have set it, you can then focus your time and energy on increasing your income thereby increasing the amount you can invest. Do not forget that as soon as you buy, send the bitcoins to your hardware or software wallet.

rodskee

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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?

What is the skyrocket on you because it seems that those shitcoins/memecoins you mentioned had j
ust jumped more than 20% in the last 7 days while Bitcoin is 16% so is there any big difference ? am not sure why
you are so bothered when your posting seems to be trusting bitcoin obviously , but if you really wanted to remain
supporting bitcoin?then just give it a few weeks or months then prove us wrong that we encouraged you to focus
and stay your funds inside bitcoin because the result will tell you what is good and better for your money.

ChiBitCTy

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Those coins you named are fn worthless shitcoins and their sole purpose is for traders to try and make money. Always ask yourself, "does this coin provide legitimate utility that no other coin does. Does it solve any current world issues in some way"? If the answer is no to these questions (which it will be 99% of the time) than it's a waste of your time. Trading at a high level takes skill and time..too much time. Bitcoin provide legit utility..it's the first of it kinds and there's a reason its a 44k a coin.

Zlantann

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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?

You are indeed a source of encouragement to most youths who are just focused on pleasure and entertainment. Many of them don't care about any form of investment. I want to encourage you to focus on only Bitcoin because many altcoins cannot be trusted. The price can skyrocket in a few minutes and also lose value in no time.

The right mindset to have is a long-term mindset. Don't be a hit-and-run investor because it is less profitable and more risky. Imagine if you had started DCAing since last year, your profit would have been massive. It is not still too late to start buying but don't wait till the price rises before you start investing next time. I also want to encourage you not to expect too much from the market to avoid being too greedy thereby missing out on an opportunity to make a profit.

2girls

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Having bitcoin is the first good thing and also the bitcoin when in hold is another prior job to get into it.

Most of the trader have bitcoin but they didn't have any choice to hold it and they sell it in different prices. And sometimes they change their bitcoin holding to another coins. But this would not be a wise thinking in all matter.

Those who hold the bitcoin till the end can earn a lot in the race of trading.

syedakhlaque

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You have adopted a good procedure. DCA strategy is good. It is now up to you how you organize your planning. On a daily, weekly or monthly basis. I think . That everything will be fine if you have faith and patience.Bitcoin is a king coin. If not immediately then it will definitely give you profit after a little or a long wait. There is a good chance that the price of bitcoin will rise sooner or little later. Although you are young and you do not have much work experience but if you stick to your work, sooner or later you will definitely succeed.

Ndabagi01

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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?

Before investing in altcoins, you should have carefully calculated your risk. Altcoins are unpredictability, as opposed to bitcoin, which is certain to rise in the future and is the forerunner of every other cryptocurrency on the market. Bitcoin takes the lead, followed by other cryptocurrencies. However, it is not too late to purchase some bitcoin; if I were you, my total investment in any altcoin (risky investment) would not even equal 10% of my total investment in bitcoin.

This is what I mean by calculated risk, and it is best for you if you use it. Bitcoin is on an upward trend, which is likely to continue for a long time after the halving period. To avoid missing out, invest heavily in bitcoin now; your other altcoin investments may or may not follow bitcoin's uptrend, and you'll be bitting your tongue for not investing now that you're already seeing signs of a bullish trend in bitcoin.

Since you don't have enough money to lump sum, the DCA strategy is still one of the best to use now. While performing the DCA, try to invest as much as possible at the first opportunity to buy in order to avoid missing out on buying at a lower price. If there is enough money to lump sum during this process, don’t hesitate to do that also.

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