Topic: How passionate are you buying Bitcoin now? (Read 690 times)

No need to lack any enthusiasm at the current price action, its an irony of humanity we happier about buying into BTC at double the price its at now then get the current deal which gives twice as many units for our value exchanged.    Its part of what we in market get the wrong way round but I bet volume is greater at higher numbers.   The price action thats occurring today with a recovery above 25k, if that sticks onto the daily bars especially continuing past 28k, its showing how suddenly BTC is positive despite prior negativity apparent prior.   Alot of the time I think the most negative price action is purely lack of volume, lack of buying which is still some concern as imo BTC requires to develop its normal business done not be reliant on this speculative sentiment
  In the end you have to be more sensible then the swings of emotion the market goes through every day or week and every time scale.   Easiest way to do that is focus long term and buy in on a regular basis or dollar cost average many more are aware of this strategy now.   I do this with stocks, with commodities and the main question is the ten year question of development and demand, if thats there then no reason to lack any passion purely off the public lacking patience to continue sustained involvement at every price.

I'd keep in mind buying when the price is cheap is a great idea and I don't think I have to ignore the opportunity now. However, we also have to know that not all the time we have to keep on buying unless we have huge capital for investment. I bought some and will buy more if the price falls again but should still have to keep in mind that must stay on the limit. We can't just expect that this would be the last time we're in a huge price correction so I need to spare some money in case it happens again so I still have the chance to buy. Investing is not just all about money but also about how we strategies our accumulation.

That's right, you have a strategy that you always trust and if you can't see the opportunity there with your strategy, then it's better to avoid it. Yes that's right, if you force it then it's the same as doing it using only feelings and without any knowledge there, in my opinion it's no different from gambling if you do it by just guessing, and of course the risk is also great as in gambling which only relies on luck and nothing more. Making the wrong decision, it is very likely to happen or will always be possible.

You can be said to be lucky enough to already have some bitcoins from previous collections, so just take advantage of what you have there, stay consistent to HOLD, you have managed to get it, even at a much cheaper price in the previous time,
here you are already a little superior to those who just came.

Yes, in the end this is a personal matter.

But personally I continue to accumulate because we are at price levels that will seem very cheap next cycle, let alone the cycle after that. Just as there was a time when the price of bitcoin never went below $1, and $10, $100, $1,000 and $10,000, there will be a time when it will never go below $100,000, and then being able to buy at $25,000 will be seen as a bargain.

If your strategy is telling you to stop and not accumulate anymore it is better to listen to it, as if you were to begin to second guess your strategy and you often went against it then when you were really facing a critical juncture you will not know what to do and you will take the wrong choice, however you can do this as you have accumulated bitcoin at an even cheaper price, while those that are just coming to the market cannot really afford to waste the opportunity it has presented itself, since they have no way to know if it will appear ever again.

In the case these days, it is quite not having the guts to accumulate more. I'm saying to myself that what I have is enough already so I'm just holding now. Maybe I could push myself of buying more of the price drop again to $20k below but now, I'm just watching it. I'm sticking to the limitation based on my plan. But for those who just come and know about Bitcoin, this is gonna be the right time for them to enjoy buying BTC at a cheaper price as sooner or later it goes high especially when the halving is done.

Many people are so passionate about buying Bitcoin, but some of those people who are so passionate about buying Bitcoin don't have the money to buy the coin. Why? Some of them don't have a better job and some of them have a better job, but their money can either be used on something else.
People who are so passionate about investing in Bitcoin have already seen the positive side of the investment and some of them did wrong to borrow money to invest just because of the belief they had in the investment.
Well, as for me, I was passionate about investing in Bitcoin and this made me get scammed and I wanted to quit, but I didn't because I was so passionate about investing, so Bitcoin is a perfect start for beginners but can be wrong if they follow the wrong step.
If I always have money every day, I will always buy the little I can afford because now is the perfect time to buy BTC.

The fact that we are near 25k is a great way to explain this, I mean it could go four times bigger and reach 100k when the ATH happens during the bull run, and people are still not investing into it. I think it could go even more than that, it could reach to 150k as well which wouldn't be unlikely, that is about twice as the last ATH and that is normal for it to reach those levels, that would be nearly x6 times the amount we have right now.

Getting only just 10k dollars into bitcoin now, could lead you to have 60k dollars by the end of the bull run, and that only requires you to hold it for 1.5 years to 2 years that's it. Then you can do anything you want with that money to make it a sustainable income instead of just savings.

Apart from being a basis for improvement in the following year, this year can also be said to be an opportunity for everyone who wants to buy Bitcoin at a lower price because the current price of Bitcoin is still quite low when viewed based on the highest price ever reached by Bitcoin in 2021. This means Apart from being considered as a basis for increasing the price of Bitcoin, it is also worthy of being considered as an opportunity for everyone who wants to make a profit through Bitcoin next year.

Not only about the lowest point which is difficult to know in Bitcoin, but for the highest point it is also not easy for many people to know because the price increase to reach the next ATH on Bitcoin is also not known at what range it will stop. For example, next year Bitcoin could be in the range of $70K to $80K, this is also the ATH with the highest point of all time in Bitcoin.

I have the same views because Bitcoin is heavily under-priced now. This is really the best time to buy because as we progress into 2024, no one really when the anticipated bull run will start. However I have the feeling that this year will set the stage for that.

Surely there will those that will miss buying Bitcoin now ... part of the reason being over-ambitiuosness of buying from the supposed dip. Know that the bottom cannot precisely be determined, the best approach should usually be buying at every correction like we have now.

Though anything is possible since the cryptocurrency market is highly unpredictable, it's true that the current price isn't a bad one if someone has been waiting for an opportunity or a certain price point to start buying Bitcoin or other cryptocurrencies. A lot of people would miss such opportunities just because they think that the market might dip even lower, however, timing the market perfectly is a craft that no one can master, so it's better to take the best offers that you get.

And, as you said, if someone is using DCA method, they don't need to worry about anything since even if the market drops more, they can buy more since they won't be spending everything they have right now, and if the market doesn't go down and starts recovering, they will at least have something.

Just like you said that it's difficult to make money everyday that's same way to discipline yourself into having a successful holding of coins. Many of just say this theory about Bitcoin investment and holding as if it's an easy task because I know truly that if you are not discipline and have a steady income flow then your case will be different because you might just end up selling your coins just to fulfill other needs of yours.

This is the right path, I know that a lot of people dream with becoming incredible traders and make money every single day in this way, but they fail to realize how difficult this is and how only a small percentage of people can make money this way, however when it comes to investing even if the profits are smaller making money in this way is way more likely, and DCA is a very good way to invest as it allows us to buy a great deal of bitcoin while its price is low and accumulate huge profits thanks to it.

Your investment is your risk, your investment is your profit.
So all investment decisions are in your own hands.
There is no coercion and wherever you invest, you must know what the risks and benefits are.

Investing in bitcoin is one of the main recommendations, although altcoin investment is also recommended in some altcoins only.
Related to Emotions, it affect the decisions we will make.
Do your own research, try to look at all investments in detail then we will know what suits us.

Most importantly, do it consistently and believe, see how Bitcoin is recommended by all users here and that is the main thing that needs to be done.

From your comment, I can conclusively say that you belong to the group of people who buy Bitcoin and keep as a store of value than for immediate profit.

With the aforementioned mentality, it matters less whether the price of bitcoin appreciates or vice versa, your pursuit is long term, whoever has such mentlity should definitely be passionate about buying Bitcoin.

I agree with you, i ambuying more as the cycle times are approaching and i am trying to fill my bag in preparation for the bull run of the market. Your passion for buying is higher than ever as the cycle is approaching because we are approaching the halving and the season to make money is approaching. Since i am in the market for the long term, meaning i am investing regardless of whether it's bear or bull, i don't hesitate to invest with dollar cost averaging. I have never been skilled in mining and i have always had the idea of investing, so dollar cost averaging was the best choice for my investment.

It's your money and it's your decision, we can't interfere. But when you do not choose bitcoin but choose to invest in altcoins, you will have a chance to get bigger profits, but you will have to take bigger risks. I am not against people investing in altcoins as long as you and they know what they are doing and are willing to accept the losses that altcoins bring. But I still advise you, you should not just invest entirely in altcoins without bitcoin in your portfolio. Don't ignore altcoins, but buy yourself some bitcoin to be more sure of your investment.

Yeah, it is not a tangible thing to talk about our emotions. Like you can't give it a rating or something like that, I can't say I am 78/100 passionate about buying bitcoin or something, there is really nothing like that we could talk about. In the end I can say that I am happy to buy bitcoin, and other people could make whatever they want with it, if you think that is a good thing then that is a good thing, if you want to ask more questions then you could ask more questions but that's about it.

I do not think that anything bigger could be said about this at all. I believe that it is going to be a tough one, but it is not going to be that easy. Hopefully we will get to a better point eventually about this situation.

Right now, I'm not that passionate about prioritizing buying Bitcoin. For me, holding Bitcoin should only be done if you buy a large amount of it. I am not the type of person who can be said to be in the middle class. I prefer to save other cryptocurrencies, knowing that they will give me more income compared to Bitcoin.

I'm not saying that Bitcoin is not a good buy, but my point is this: for example, if I bought Bitcoin for 100$ as an investment at its current price of 25k dollars each, let's say one bitcoin became 100 dollars each, so it will come out that my 100 dollars will be 400 dollars, and I got profit dollars, which is okay. Also, for example, if I invested 100 dollars in a Shiba Inu, when the bull run came in and kicked 0.0001 dollars, my 100 dollars could be 1250 dollars, so I earned more from altcoins. But this is just an example, because when the last bull Bitcoin's ATH was 69k$, the shib reached 0.00004$ almost, if I'm not mistaken. How much more if a Bitcoin reaches 100k$ more?

yes, that's a good suggestion friend and hopefully it will be of use to me and everything in this forum it's true that buying using the dca system will make the risk not too high, and I also like using the dca system
because if you buy BTC without using the DCA system, of course it is very high risk because the price of BTC is difficult to predict ups and downs.

I personally have experienced the benefits of investing in BTC whose purchases use the DCA system.