How passionate are you buying Bitcoin now? - page 2.

Unbunplease

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Quote from: landheer on September 01, 2023, 06:07:13 AM

a few days ago I bought a little bitcoin when the price of btc was going down, and I was honestly very excited to buy btc because soon there would be a btc halving.

I think fear is normal even though investing in BTC using idle money. because even though money is idle we still get that money with difficulty.

The whole question is how long are you willing to wait for the sake of getting 2-3x. In bulran, the other cryptocurrencies - if you guessed it - can give 10-100x, while bitcoin 2-3x right now. There's no argument, bitcoin has excellent liquidity, and the price fluctuations are becoming less and less significant every year. But is the game worth the candle?

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Quote from: landheer on September 01, 2023, 06:07:13 AM

a few days ago I bought a little bitcoin when the price of btc was going down, and I was honestly very excited to buy btc because soon there would be a btc halving.

I think fear is normal even though investing in BTC using idle money. because even though money is idle we still get that money with difficulty.

As and advise though, invest what you can afford to lose, so that when the price goes down, you will not have to worry about it. Of course, it's hard to get money unless you are really a big businessman and wealthy.

But for the majority of us, there are still ways to build our bitcoin, and that is thru DCA. It's good that you have bought when the price did go down, but remember, you should be buying continuously and that DCA will be your friend. And majority has been doing it for years, so this strategy has been proven already and tested that it works.

landheer

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a few days ago I bought a little bitcoin when the price of btc was going down, and I was honestly very excited to buy btc because soon there would be a btc halving.

I think fear is normal even though investing in BTC using idle money. because even though money is idle we still get that money with difficulty.

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Quote from: Odohu on August 20, 2023, 09:57:25 AM

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I draw my inspiration from the saying: "you will regret more for opportunities you never took than those you took and they went bad"

Ahhh you let me remind me again on that 2021 bull run where I didn't took the opportunity to sell a big portion of my portfolio. Only a few clicks away, but I let those profits wither. Anyway, I already moved on from that one, and in this upcoming bull run, I already made a strategy on how will I sell my assets.

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Re: How passionate are you buying Bitcoin now?

How passionate? What do you mean how passionate? I mean I can't apply it though. I did a quick google search and what I saw was "showing or caused by strong feelings". In investing, I always set aside my feelings, and emotion because I don't want that to decide for me. I want to be emotionless when it comes to investing. Feelings? Set that aside, and focus on your goal. Focus on you strategy if you have.

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Quote from: Odohu on August 20, 2023, 09:57:25 AM

I have never been passionate making any investment than I am buying Bitcoin of recent. While a part of me is so optimistic that I am making the best decision with my funds, a part still entertain some fears. Well, I feel the aspect of fear is normal since I am not buying with 'spare money' as some people will call it... that concept of spare money does not really resonate with me as every penny I have is very important to me now.

Actually, my little buys might not influence the price much but my joy is having Bitcoin and holding unto it with the believe I will be among those that will look back sometime in the future and congratulate myself for taking that bold step when some people were doubting and panicking.

I draw my inspiration from the saying: "you will regret more for opportunities you never took than those you took and they went bad"

How is passion involved in investing though? It's not like it's a skill that you can improve without using money, a foundation is needed, and in this case, it's money. If you were talking about being in the mood to buy, I think most people differ from each other. I do DCA so I don't really give a damn (and I'm glad I don't have to) about the market trends in each month, I can just put in money, keep buying, and look at the market in for the long term. This relies on my belief that Bitcoin will stant on the long term though.

Said fear from OP is actually really normal, I think a lot of investors experience it, I myself at the start would always keep a look at the market everyday, checking whether the price would go up or down. I've even had instances where I pulled out after a 5% drop or so since I was afraid, only to buy it again once it rose back up. Inevitably lead to losses, which lead to me starting to DCA instead.

JoyMarsha

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Quote from: Odohu on August 20, 2023, 09:57:25 AM

I have never been passionate making any investment than I am buying Bitcoin of recent. While a part of me is so optimistic that I am making the best decision with my funds, a part still entertain some fears. Well, I feel the aspect of fear is normal since I am not buying with 'spare money' as some people will call it... that concept of spare money does not really resonate with me as every penny I have is very important to me now.

As a human being is normal to have fears over the things you can't control or figure out its next move of price. It takes courage to invest in bitcoin, not everyone can do it at this time the economy of some countries is not quite good and the price of bitcoin fluctuates in a particular range($25k-$26k) without anyone knowing its next direction, whether to fall deep in price or not.
Investing in bitcoin for the future is what those who know the future worth of bitcoin are optimistic about not minding the fears of the unknown that go along with it.

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Actually, my little buys might not influence the price much but my joy is having Bitcoin and holding unto it with the believe I will be among those that will look back sometime in the future and congratulate myself for taking that bold step when some people were doubting and panicking.

Every little sat one buys might not influence the crypto market but the little sat would count when you are among those who would count themselves lucky to held Bitcoin in their portfolio without selling(before the crypto market booms)

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Quote from: DeathAngel on August 31, 2023, 02:47:07 PM

I’ve always been passionate about buying bitcoin ever since I got into it in 2015. I don’t think you can ever have enough because inflation & money printing has no end. For that reason I think you should always buy bitcoin when you can afford to. Keep creating new stacking goals & cross them off as you hit them. Bitcoin is the only way to guarantee protecting your purchasing power.

It is very important to stick to the limitations and spend only the amount that we can afford. Many people have thought about taking a loan just for the sake of having capital for investment which I really think is not a good idea and not passionate anymore. They should know the risk that awaits them because we can't just leave ignorance of what we are doing as this will be the reason why we end up losing instead of earning.

I'll keep this strategy since before - buy low and apply DCA, it was effective.

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I was having the passionate at a time but nowhere to get bitcoin so I left it and but later became to understand the per to per system and use it to get bitcoin. And any successful investor must have that fear in him but would pick courage to over come it fear and invest to see the outcome of the investment before he will take next line in action, you can't just invest on something without have pause thought in it.

For my believe there is no spare money in anywhere all money one has is useful, unless the person is a corrupt politician then the money he has stolen from the public purses and compiled them at somewhere hidden became a spare money for him. Great bitcoin investors must start from small to becomes great so the little purchase one made in business always become great in future so there is nothing too small in the bitcoin investment. And opportunities are always coming to our ways but in most time we despite them and look for well knowing ones.

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Quote from: beerlover on August 31, 2023, 04:46:10 PM

Quote from: Aanuoluwatofunmi on August 30, 2023, 08:33:31 AM

Quote from: OgNasty on August 29, 2023, 05:44:18 PM

I’m as passionate about Bitcoin as I ever was. I move in 4 year cycles so this cycle is still a baby. I feel like it’s definitely still time to be acquiring all the coins you can. You can do that through mining or dollar cost average buying in order to make sure your stack continues to grow. That’s what I’d advise everyone to be doing for the next year and a half.

That's true, we are never too late to start buying bitcoin now, there will always be an opportunity where we can invest and hold unto our asset to get matured over time before proceeding to releasing them for an exchange, this period is also a perfect timing to buy and hold because we are still on the dip till now and what should be coming next is a bull market, either of the above stated means can be adopted by us to use in acquiring bitcoin, as long as we are going to take hold of it either ways.

Many people see the price at 25k+ and think that they are too late, but they do not realize that they do not need to grow from 10 dollars to 25k dollars to make money. You could literally get rich with 10x return as well, and the constant sustained growth of your bitcoin holdings would make it even better.

Imagine this, let's assume that you put 10% of your salary into bitcoin every month, that means you are going to have more than one salary worth of money put into bitcoin every year, and that means if it goes to 10x that is 10 months worth of salary, if you do this for 10 years, that means you are going to have 100 months worth of salary at the very least, possibly more. That is retirement money right there, all within 10 years.

Those are good numbers if we do look at on long term perspective but we cant really be able to deny that those are assumptions and there would be no assurances in speaking about those things gonna happen.Potential is there but we cant really be able to make assurance that it would happen. If you are investing only on the amount which you can afford to lose then you wont really be finding yourself that too stressful when it regards to potential outcome whether it would be that become negative or would really be having that huge decline.Seeing opportunities would really be vary person to person
and not all would really be that optimistic or having that kind of sense when it comes to opportunity hunting but rather they would really be just simply rejecting or dont mind just because they are currently contented on the situation or condition that they are in, but there are people who doesnt really stop after experiencing profits but rather they would be finding more ways and opportunities
that they could earn more. If you are planning to hold Bitcoin for long which you dont mind about its potential price rise but rather supporting into its utility then its your choice but i would say
that only a few do have this kind of supportive approach.

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Quote from: Aanuoluwatofunmi on August 30, 2023, 08:33:31 AM

Quote from: OgNasty on August 29, 2023, 05:44:18 PM

I’m as passionate about Bitcoin as I ever was. I move in 4 year cycles so this cycle is still a baby. I feel like it’s definitely still time to be acquiring all the coins you can. You can do that through mining or dollar cost average buying in order to make sure your stack continues to grow. That’s what I’d advise everyone to be doing for the next year and a half.

That's true, we are never too late to start buying bitcoin now, there will always be an opportunity where we can invest and hold unto our asset to get matured over time before proceeding to releasing them for an exchange, this period is also a perfect timing to buy and hold because we are still on the dip till now and what should be coming next is a bull market, either of the above stated means can be adopted by us to use in acquiring bitcoin, as long as we are going to take hold of it either ways.

Many people see the price at 25k+ and think that they are too late, but they do not realize that they do not need to grow from 10 dollars to 25k dollars to make money. You could literally get rich with 10x return as well, and the constant sustained growth of your bitcoin holdings would make it even better.

Imagine this, let's assume that you put 10% of your salary into bitcoin every month, that means you are going to have more than one salary worth of money put into bitcoin every year, and that means if it goes to 10x that is 10 months worth of salary, if you do this for 10 years, that means you are going to have 100 months worth of salary at the very least, possibly more. That is retirement money right there, all within 10 years.

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Quote from: OgNasty on August 30, 2023, 06:30:52 PM

I will say that knowing ETF approvals are just a matter of months off does make me feel a little more confident that the Bitcoin price is going to rise quite a bit in the coming year or two, but I would be even more confident if the mtgox BTC would get distributed so the market can work on absorbing that. Once that is behind us I’ll be in full bull mode.

Rumors about mtgox have been dragging on for so long that there is no certainty when they will succeed in distributing bitcoin. Regardless, mtgox is probably going to be a huge FUD for the market and bitcoin holders, certainly going to send the market into a tailspin for a while.

That's one possible reason why the current demand for bitcoin is so much lower than the current supply, which may mean that investors are just waiting to see what will happen in the next few months while they are ready to invest heavily in bitcoin. But honestly, I'm not worried about volatility and I tend to have been prepared for the drama leading up to the halving.

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I’ve always been passionate about buying bitcoin ever since I got into it in 2015. I don’t think you can ever have enough because inflation & money printing has no end. For that reason I think you should always buy bitcoin when you can afford to. Keep creating new stacking goals & cross them off as you hit them. Bitcoin is the only way to guarantee protecting your purchasing power.

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Quote from: Ruttoshi on August 30, 2023, 12:47:47 PM

It gives one confidence to buy at this time with the current price. Newbies who don't have bitcoin can use this opportunity to buy some and other people that have already started their bitcoin journey,is an advantage for them to stack up their bitcoin portfolio using DCA method.

I also think that before entering next year, it is still very appropriate to continue collecting Bitcoin using this method, because the price can still be said to be quite affordable for everyone so taking advantage of the opportunity to continue buying using the DCA method is still quite the right thing to do in This year.

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Who knows if we might not see bitcoin price as low as this anymore till the next cycle or we can still see a lower price but at the current period,accumulation and hodli till the next bull run is a wise practise to have good profit.

Such a thing is indeed difficult to know, but at the current price, it is still feasible for everyone to take advantage of. Especially if some people are able to buy in very large quantities because remembering that the next cycle is something that will indeed happen again with Bitcoin. So use the present time as well as possible to buy in a way that doesn't burden us as buyers.

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I will say that knowing ETF approvals are just a matter of months off does make me feel a little more confident that the Bitcoin price is going to rise quite a bit in the coming year or two, but I would be even more confident if the mtgox BTC would get distributed so the market can work on absorbing that. Once that is behind us I’ll be in full bull mode.

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Quote from: flyingcarpet on August 29, 2023, 05:11:58 PM

Quote from: ScamViruS on August 29, 2023, 05:03:50 PM

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Bitcoin's future potential is one of the things that makes us invest the most. The person who sees this potential can no longer break away from Bitcoin. Everyone who enters the Bitcoin market has different reasons. Some learned from their friends, some from social media, but what we have in common is that we all follow the development of Bitcoin.

Knowing about Bitcoin is most important to explore the future potential of Bitcoin. Because after the last bull run Bitcoin price is reacting in the market, no new investor will be interested to invest after seeing the situation here, and that is why it is most important to know about Bitcoin. If an investor is aware of the bull market cycles of Bitcoin, then it is understandable how passionate he will be interested in investing.

Therefore, more discussions about the future potential of Bitcoin will have a positive impact on the market, thereby reaching more and more new investors.

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Quote from: Ruttoshi on August 30, 2023, 12:47:47 PM

It gives one confidence to buy at this time with the current price. Newbies who don't have bitcoin can use this opportunity to buy some and other people that have already started their bitcoin journey,is an advantage for them to stack up their bitcoin portfolio using DCA method.

Who knows if we might not see bitcoin price as low as this anymore till the next cycle or we can still see a lower price but at the current period,accumulation and hodli till the next bull run is a wise practise to have good profit.

There are many people who advise not to panic when the market is bearish, but to take this as an opportunity to buy. In fact it is true that buying when prices are down can allow investors to buy at lower prices and allow them to make bigger profits if prices recover, but now the question is; do they do it or just suggest it?

In my opinion, the current economic condition has not recovered at all and inflation is still having an impact on the financial strength of most people. I'm excluding big investors, but most of the users on this forum or especially those who are vocal about buying on the dip don't seem to be doing that.

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Quote from: Woodie on August 30, 2023, 12:59:56 PM

Let's just say when everybody is talking about buying bitcoin just because they see some green going on in the markets...for me that's never going to be a great time to buy as it will be at a premium cost, but talk about buying the dip..here this is were you get the passion and satisfaction of catching a low and discounted coins while everybody else is scared of losing their money as they see markets likely to crash further...

So like the basics state, buy low and sell high and with this strategy you will never go wrong.

Without a doubt buying when everyone is buying is a huge mistake, I remember that a wall street shark determined it was time to sell his stocks when the taxi driver that was driving him to some place told him he had just bought some stocks, he got out and then just a few weeks later a crash happened, so we cannot follow the masses when it comes to the markets, what we need to do instead is to anticipate their movements, and buying right now seems like a good move, especially since the bull run is still far away.

Woodie

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Let's just say when everybody is talking about buying bitcoin just because they see some green going on in the markets...for me that's never going to be a great time to buy as it will be at a premium cost, but talk about buying the dip..here this is were you get the passion and satisfaction of catching a low and discounted coins while everybody else is scared of losing their money as they see markets likely to crash further...

So like the basics state, buy low and sell high and with this strategy you will never go wrong.

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It gives one confidence to buy at this time with the current price. Newbies who don't have bitcoin can use this opportunity to buy some and other people that have already started their bitcoin journey,is an advantage for them to stack up their bitcoin portfolio using DCA method.

Who knows if we might not see bitcoin price as low as this anymore till the next cycle or we can still see a lower price but at the current period,accumulation and hodli till the next bull run is a wise practise to have good profit.

Aanuoluwatofunmi

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Quote from: OgNasty on August 29, 2023, 05:44:18 PM

I’m as passionate about Bitcoin as I ever was. I move in 4 year cycles so this cycle is still a baby. I feel like it’s definitely still time to be acquiring all the coins you can. You can do that through mining or dollar cost average buying in order to make sure your stack continues to grow. That’s what I’d advise everyone to be doing for the next year and a half.

That's true, we are never too late to start buying bitcoin now, there will always be an opportunity where we can invest and hold unto our asset to get matured over time before proceeding to releasing them for an exchange, this period is also a perfect timing to buy and hold because we are still on the dip till now and what should be coming next is a bull market, either of the above stated means can be adopted by us to use in acquiring bitcoin, as long as we are going to take hold of it either ways.

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