How passionate are you buying Bitcoin now? - page 3.

taufik123

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Quote from: OgNasty on August 29, 2023, 04:44:18 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.

Still continue to stack and accumulate Bitcoin as well as some of the top altcoins that will provide greater returns when the Halving occurs and the bullish trend begins.

The 4th Halving cycle will probably peak in 2024-2025 and maybe ATH will be reached as everyone wishes.
Doing DCA is highly recommended, I started doing it too, and preparing for the explosion that will happen later.

Spirits continues to rise, and check out how the Bitcoin pump exploded a few hours ago as Grayscale wins a lawsuit against the SEC.

https://www.coindesk.com/policy/2023/08/29/sec-must-review-grayscales-etf-bid-appeals-court-rules/

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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.

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Quote from: ScamViruS on August 29, 2023, 04:03:50 PM

There are many factors that make someone passionate about investing in Bitcoin. From my point of view, when I have money that I won't use in the near future, I use that money to buy bitcoins, making my position in bitcoins stronger for the future. Money management should always be followed when making any type of investment, this also applies to Bitcoin. There are many investors who become passionate after learning about Bitcoin, because they are attracted to the future potential of Bitcoin.

On the other hand, after knowing any good news in the market, many investors are attracted to buy bitcoins, estimating the possibility of the market going uptrend. So every investor has their different perspective to buy bitcoin and they enter the bitcoin market depending on their own interests.

As you said there are many factors to buy Bitcoin. For example, one of these factors happened today. Bitcoin suddenly gained value. I love how Bitcoin is rising like this. There are many such factors for investing in Bitcoin.

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.

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There are many factors that make someone passionate about investing in Bitcoin. From my point of view, when I have money that I won't use in the near future, I use that money to buy bitcoins, making my position in bitcoins stronger for the future. Money management should always be followed when making any type of investment, this also applies to Bitcoin. There are many investors who become passionate after learning about Bitcoin, because they are attracted to the future potential of Bitcoin.

On the other hand, after knowing any good news in the market, many investors are attracted to buy bitcoins, estimating the possibility of the market going uptrend. So every investor has their different perspective to buy bitcoin and they enter the bitcoin market depending on their own interests.

Captain Corporate

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I could say that it has increased a bit on the last 10 days or so. I feel like I want to buy even more but obviously I can't due to debt and all. Life is not fair sometimes but it is not fair to many people at times, we all have troubling times and I am going through one of them right now, its not a temporary one neither, its going to be like this for good now I think and that's why I am going to need to figure something out. However, if I didn't and had some money, I would literally go into debt for it, I believe in bitcoin all that much, and I am someone who has been %100 against debt to invest since I started and find it a stupid move and yet I would have done it if I could.

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Quote from: Dickiy on August 29, 2023, 07:21:40 AM

there are many factors that can encourage them or give a sense of interest to then buy. And it will depend on their finances or maybe also on the condition of the Bitcoin price itself. If the price is in a certain condition, for example like now Bitcoin is bearish then we will be able to get in there to take advantage of it, take the opportunity and buy more while the price is still low. However, sometimes there are also some people who, when they get the opportunity, cannot take advantage of it because they may not have enough money to buy even a small amount. For those who already own and store Bitcoin, maybe so far they are still sticking to the original plan of holding it according to the target set, but besides that, someday maybe they will sell it for some reason, the future is unpredictable and if they suddenly meet something and urgently need to get money then I am sure they will sell it, because there is no other choice. So actually whatever happens there, whatever the potential that drives you there, it's all going to come back to your living conditions, especially your own finances. You'll be able to make a decision if everything is in your favor.

That is true, not having the finances to buy it is a big reason why some people are not invested in bitcoin, in fact there would be millions of more people who would have bitcoin right now if they had the money for it, but they can't. There is no data to show this, but every single time economy recovers and does better, there are more people who joins bitcoin which shows that when the economy is doing better we end up making more money with it as well and then we use that money to buy bitcoin.

Right now is a great time to buy bitcoin but also it is not a time when economy is doing great, which is why I think it should be reminded that we may not end up with a great profit on the long run right now, and some people are not capable of buying it.

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Quote from: Quidat on August 29, 2023, 01:46:34 PM

And now the price had jumped from 25k to almost 28k as of this moment and to those people who had seen such plunge are now really starting to have that kind of regret once again that they should have at least be able to enter with that low price and this is really always a continuous cycle on which people do always misses out the opportunity just because they are really that always looking for the bottom without even realizing that was already the bottom. The price now is starting to recover on which it could really be able to potentially be rising up its price and might to recover way up to 30k.
So it is really just people do miss out on entering and buying until the market would be making out some significant movement. Being passionate or not then it would really be according on someones
preference since not all would really be thinking up for long term in terms of Bitcoin investment because as much as possible we do really love to see profits in short time possible
and this is why we do really maximize out profitability on entering the lowest price as possible and this is why we do waste up these kind of chances or opportunities.

The thing is that so many people does not exercise patients during when the information of having or experiencing a bearish market, they do panic and sell out their coins without been patients over their investment, it's obvious and understanding that the price of bitcoin or any cryptocurrency doesn't remain constant or stagnant in value, thinks I know of bitcoin is that when the price is degrading in value you have to as well not to panic, because it will later accelerate, the price of bitcoin you see today might not be same price of bitcoin you see tomorrow due to the market determination

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Quote from: Odohu on August 20, 2023, 08:57:25 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.

This is simply how the human mind works, and you cannot take it away from your mind. The mind is wired to be fearful of losing what is valuable to you. The money you're putting into the investment must have come from your hard work, so placing it into something profitable but yet volatile will cause you to be sceptical, which is natural. Even if you utilise your spare money, you will still have that fear, but the ability to control that fear makes you a good investor.

There is no optimum time to buy bitcoin; it was as low as $25K+ just a few weeks ago, but it is now back above $27K. Those who were debating whether to buy now or wait till it goes dipper will be regretting themselves today. Once you've decided to buy, just buy it, and when the market drops and you have more money to buy more, you can accumulate more of it.

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Quote from: GeorgeJohn on August 29, 2023, 12:07:45 PM

Quote from: Odohu on August 20, 2023, 08:57:25 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"

In a normal circumstances investment in cryptocurrency and especially in bitcoin suppose have done with a spare money but some people doesn't understand perfectly that investing with a spare money you won't be conscious over desperate in monitoring if you are making profits in your bitcoin investment or not, so that is one of the reason while are been advised to ensure they use their spare money for cryptocurrency investment, secondly is because the price of bitcoin never be stagnant or stand on one particular price for periods of time, so what I want you to understand in bitcoin investment, is that is a something of determination and people who invested in cryptocurrency especially in bitcoin for long term investment always testified of making good profits, if you can invest and allow the investment to run like five years it will be better or you make your decision on a particular target you want bitcoin to get to before selling it will save you more stress for monitoring your cryptocurrency investment.

And now the price had jumped from 25k to almost 28k as of this moment and to those people who had seen such plunge are now really starting to have that kind of regret once again that they should have at least be able to enter with that low price and this is really always a continuous cycle on which people do always misses out the opportunity just because they are really that always looking for the bottom without even realizing that was already the bottom. The price now is starting to recover on which it could really be able to potentially be rising up its price and might to recover way up to 30k.
So it is really just people do miss out on entering and buying until the market would be making out some significant movement. Being passionate or not then it would really be according on someones
preference since not all would really be thinking up for long term in terms of Bitcoin investment because as much as possible we do really love to see profits in short time possible
and this is why we do really maximize out profitability on entering the lowest price as possible and this is why we do waste up these kind of chances or opportunities.

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Quote from: Odohu on August 20, 2023, 08:57:25 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"

In a normal circumstances investment in cryptocurrency and especially in bitcoin suppose have done with a spare money but some people doesn't understand perfectly that investing with a spare money you won't be conscious over desperate in monitoring if you are making profits in your bitcoin investment or not, so that is one of the reason while are been advised to ensure they use their spare money for cryptocurrency investment, secondly is because the price of bitcoin never be stagnant or stand on one particular price for periods of time, so what I want you to understand in bitcoin investment, is that is a something of determination and people who invested in cryptocurrency especially in bitcoin for long term investment always testified of making good profits, if you can invest and allow the investment to run like five years it will be better or you make your decision on a particular target you want bitcoin to get to before selling it will save you more stress for monitoring your cryptocurrency investment.

Dickiy

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Quote from: KingsDen on August 29, 2023, 05:35:51 AM

There are some factors that makes one passionate about buying Bitcoin. One should be when you are buying low, you know very well that you are getting bitcoin at the discounted price. Another factor is when you have the money, knowing too well that in the next few weeks, you will not be needing the money used to buy the Bitcoin. Even if there is a price drop, you will enjoy it when the Bitcoin will give you profit in the future.

If you do not have enough money and the small you have you invested at the wrong time in Bitcoin the passion will not be there and it will make you not to even think the Bitcoin way anymore. That is actually what happened to some newbies and then they concluded that bitcoin is a scam coin.

That's right, there are many factors that can encourage them or give a sense of interest to then buy. And it will depend on their finances or maybe also on the condition of the Bitcoin price itself. If the price is in a certain condition, for example like now Bitcoin is bearish then we will be able to get in there to take advantage of it, take the opportunity and buy more while the price is still low. However, sometimes there are also some people who, when they get the opportunity, cannot take advantage of it because they may not have enough money to buy even a small amount. For those who already own and store Bitcoin, maybe so far they are still sticking to the original plan of holding it according to the target set, but besides that, someday maybe they will sell it for some reason, the future is unpredictable and if they suddenly meet something and urgently need to get money then I am sure they will sell it, because there is no other choice. So actually whatever happens there, whatever the potential that drives you there, it's all going to come back to your living conditions, especially your own finances. You'll be able to make a decision if everything is in your favor.

sunsilk

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Quote from: Odohu on August 20, 2023, 08:57:25 AM

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

We hear these from the old folks that have regret in the past and didn't follow what they think is right. And for us, Bitcoin has came as once in a life opportunity so we better take the risk or just watch it grow together with those people that have risked what they've got for it.

We don't have to be that passionate about it whether we buy or not. Although at some point of our lives, we're like that and we don't notice that. The fact that we're holders and we're believing to its future is already a way to say that we're passionate on it.

While for OP that he's buying it not with his spare money, it is like the majority that's buying Bitcoin with their hard earned money and that's how everyone can be said to be passionate about buying it.

KingsDen

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There are some factors that makes one passionate about buying Bitcoin. One should be when you are buying low, you know very well that you are getting bitcoin at the discounted price. Another factor is when you have the money, knowing too well that in the next few weeks, you will not be needing the money used to buy the Bitcoin. Even if there is a price drop, you will enjoy it when the Bitcoin will give you profit in the future.

If you do not have enough money and the small you have you invested at the wrong time in Bitcoin the passion will not be there and it will make you not to even think the Bitcoin way anymore. That is actually what happened to some newbies and then they concluded that bitcoin is a scam coin.

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Quote from: Odohu on August 20, 2023, 08:57:25 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.

Investing in bitcoin is always fun if it can be done regularly even if only in small amounts. I feel happy if I can set aside money to invest not only in bitcoin, but in other types of investments on a regular basis of course with clear goals.
Investors who invest in bitcoin have great courage and understand what potential they will get when they invest in bitcoin. I also feel that investors who have the courage to invest in bitcoin also have the courage to invest in other types of investments that are made in a conscious state. That is, they will not dare to invest if they do not know the advantages and disadvantages.

Quote from: Odohu on August 20, 2023, 08:57:25 AM

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.

The regular purchase method, also known as the DCA method, is a way that is still very popular in accumulating bitcoins.
In practice, don't get it wrong. Every purchase made regularly, even in small amounts, should not be stored on the exchange, but moved directly to the wallet because, as many people say, saving on the exchange is a bad idea.
The target is to one day congratulate yourself, what happens instead is regretting everything that has happened.

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Money that you earn is always important, it is not like if I spend money on myself or on something that I like I'm doing that because I have spare money but it is because I feel like doing it and it has some value for me. Similarly, the money that you invest in Bitcoin can never be money that is spare or isn't necessary for you but it is just that you shouldn't use the only money that you have right now and you won't have money to eat food after making an investment.

That being said, I don't think you need anything to worry about if you have bought Bitcoin just recently because the price right now is definitely a lot lower than where it will be in the future, so you are right that you will be one of the people who will look back and praise themselves for taking this decision.

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Quote from: Silberman on August 26, 2023, 05:55:09 PM

One of the advantages of buying bitcoin whenever you have some money available instead of buying when the price dips is that you will naturally perform a DCA strategy, since you will buy bitcoin at regular intervals and with roughly the same amount of money each time, now buying the dip is probably a more profitable strategy, but this requires using almost all your money available to buy bitcoin when it is falling in price very quickly, and psychologically speaking this is something quite hard to do, as if the price keeps dropping after you bought your coins then you will feel as if you did a mistake by buying at that time.

When price is dropping we are not certain about the bottom. Even when price is dropping its best to buy in DCA manner rather putting all money at one complete price. Take example of current dip, Bitcoin went down to 26k from 29k in two nights and now very much stable at 26k. There is no guarantee that price is going to 30k or 20k from here. Keep this in mind that price swing can be in both directions so better DCA at current DIP.

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Quote from: ginsan on August 24, 2023, 03:52:42 PM

The recent decline can be used as best as possible to buy BTC and do it gradually without having to take aggressive action in accumulating BTC. Yes everyone has their level of ability to buy BTC and for those who have big money can buy more BTC when the price goes down but those of us who don't have so much money can certainly make purchases as strong as the funds we have at that time.

In fact, I think it's better to do DCA because we can buy BTC at every stage that we implement, even though it's a small amount, but the enthusiasm that we have has a big meaning in the future. They're out there always expect a decline to occur, but when the opportunity comes, they are still in doubt about buying it, which means a lot if the conclusions and decisions are left alone without any beneficial action for their portfolio.

One of the advantages of buying bitcoin whenever you have some money available instead of buying when the price dips is that you will naturally perform a DCA strategy, since you will buy bitcoin at regular intervals and with roughly the same amount of money each time, now buying the dip is probably a more profitable strategy, but this requires using almost all your money available to buy bitcoin when it is falling in price very quickly, and psychologically speaking this is something quite hard to do, as if the price keeps dropping after you bought your coins then you will feel as if you did a mistake by buying at that time.

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Quote from: ginsan on August 24, 2023, 03:52:42 PM

The recent decline can be used as best as possible to buy BTC and do it gradually without having to take aggressive action in accumulating BTC. Yes everyone has their level of ability to buy BTC and for those who have big money can buy more BTC when the price goes down but those of us who don't have so much money can certainly make purchases as strong as the funds we have at that time.

That is indeed better, but at this time those who have large funds also still have doubts about buying so they also apply purchases as those who have little funds when buying Bitcoin. Even though the decision to buy a larger amount is very appropriate in the current declining conditions, because this month is an opportunity for everyone to collect Bitcoin and make a profit in the following month if there is an increase in price.

Quote

In fact, I think it's better to do DCA because we can buy BTC at every stage that we implement, even though it's a small amount, but the enthusiasm that we have has a big meaning in the future. They're out there always expect a decline to occur, but when the opportunity comes, they are still in doubt about buying it, which means a lot if the conclusions and decisions are left alone without any beneficial action for their portfolio.

DCA is still powerful enough to continue to be used because the increase in the portfolio will be more visible when one continues to apply DCA to get Bitcoin in downturns. And for those who are still unsure and don't take advantage of conditions like today, I think they just don't have the ability to buy even though they really believe in Bitcoin.

SmartGold01

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Investment is something very challenging especially with the current economic crisis within our country, Naira losing value and many more, even with the little salary earned it doesn't sustained the family anymore price of things keeps increasing every day by day. For people to hold bitcoin might be difficult because some people may not have spare cash to invest since it's naturally said or commonly said to used a spare money or money we can afford to lose to make investment due to its volatility nature.

Yes, it's true no one wanna lose their money into investment but are wanting to make huge profits, this alone should occur to us that for us to make huge profits we should also know that the risk that associate with it will be also huge as well.

Buying bitcoin is a discipline and if you don't discipline yourself to start holding and accumulating you may not have that strength or mindsets to hold bitcoin due to its price fluctuations (the volatility level) is so high, this is why most people always keep procrastinating while the price increases. This same sets of people are those who always said they have missed a lot and they wishes price will go down lower for them to buy.

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The recent decline can be used as best as possible to buy BTC and do it gradually without having to take aggressive action in accumulating BTC. Yes everyone has their level of ability to buy BTC and for those who have big money can buy more BTC when the price goes down but those of us who don't have so much money can certainly make purchases as strong as the funds we have at that time.

In fact, I think it's better to do DCA because we can buy BTC at every stage that we implement, even though it's a small amount, but the enthusiasm that we have has a big meaning in the future. They're out there always expect a decline to occur, but when the opportunity comes, they are still in doubt about buying it, which means a lot if the conclusions and decisions are left alone without any beneficial action for their portfolio.

Topic: How passionate are you buying Bitcoin now? - page 3. (Read 707 times)