Topic: How passionate are you buying Bitcoin now? (Read 707 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.

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?

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.

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.

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.
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.

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.

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.

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)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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/

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

If I have the opportunity there's nothing stopping me from holding more to what i have already, this is the exact time one could get prepared and positioned for the market to be favourable for buying if the chance is made available for us to use, the bear market is not a period whereby we begin to think negatively about what may come after next in making our investment ruined, no, we should not think like the way other non bitcoiners do think and behave whenever there's dip.

Just let them be because sooner or later they would be able to realize on how things been done and how things do behave. Its never been ideal on rushing up yourself on investing and involving yourself in futures or high leverage kind of trades. This is why they do really mess up their lives or capitals just because they do really have that kind of probabilities on earning big and this is something that you would really be mainly having in mind. Being passionate would be entirely be depending on you since not all would really be that wise or sensible in towards their purchases but rather they do really have that other type of behavior which is something not that recommendable. The most important thing that you should do is to invest on what you can afford to lose and dont have that kind of all-in type of behavior. Be wise on when to take entries unless if you do go for long term then buying prices or entries wont really be that an issue but if you are really loving on playing with the movement and make out some short trades then it would really be a serious matter on when you do make yourself able to play on. This is why it would really be your choice whether which path you would really be taking into.

Such a good analogy, you are right that it's not a 100 meter dash and a big marathon. There are too many people who think that it's a 100 meter dash, hell some think it's 10 meter one, the way they do 150x leverage shorting and all that. I think as long as you keep accumulating more bitcoin, you are going to make a profit.

You know who will be the people who makes the most money during this period? The ones who kept accumulating bitcoin for the past year or so, they ended up making a profit because they collected it at lower levels and it will go even higher and they will make a greater profit from it. That should be important to handle, and we are going to end up with a greater return without a trouble, it should be important.

I think that bitcoin gives us the opportunity to do so many things, among them the easiest, to adopt a means of payment, a different financial system, which can change our lives significantly from the financial point of control, then obviously there is the aspect of profit, of its price, of that idea that can become more myth than reality and the years can go by, so enjoy that possibility of becoming an investor too.

But getting involved is not dreaming, believing that trading bitcoin is going to make you a millionaire, or that with hodl or simply selling and buying, or perhaps as in your case, buying, buying, is your financial exit is a "mistake", so that, do not cling to bitcoin as the famous phrase: "lifeboat" that many make it look like that.

Have bitcoin, ok... if the big hit comes, very nice, but we really need is the financial hit, the paradigm shift, the one that involves all of us, not just a small group that expects bitcoin to hit 7 figures.. The other part is perhaps more important, the paradigm shift or at least the possibility of deciding which system we stay with, the old private banking or bitcoin.

Yes this time is a benefit timing for buying bitcoin, I know lots of people get feared with its decreasing but its fact that after every reduction there is a boosting time when market become higher in worth.

As you wants to choose bitcoin this time when everyone is in trouble that what to do so by doing this the courage of all other individuals will increases too. As you mentioned that every penny for you is of dominant uses for you and instead of this you want bitcoin investment describe that you can adjust your money in every situation and will be able to handle each bear and bull season.

You are among those who dare to make decisions when other people are hesitant to invest in Bitcoin. And even if you invest in Bitcoin, not with reserve funds, at least you have calculated your finances so you can start investing in Bitcoin.

I advise investing with the money you can afford and doing it regularly so that the amount of Bitcoin you collect is more. Once the price starts to increase, maybe until it reaches $50k, you can stop accumulating and hold the Bitcoins until the price makes a new ATH. Then you can sell the Bitcoins to make a profit.

So it's better to stick with the moment by staying invested in Bitcoin than just waiting for the price to hit a low because it could be too late. And don't forget to use the money you can afford.

People who like to invest in Bitcoin will not really prioritize price issues, because their goal is to invest, not to trade for a certain period of time. So the price issue is not the main thing that will be seen even though investors are also very happy if they can get Bitcoin at a cheaper price, because the benefits of their long-term investment can be more when they buy it at a very cheap price.

What you convey is indeed wise and also quite good, because your goal is to provide enthusiasm and encouragement for other people to want to invest in Bitcoin. The advice you say is worth considering because it reminds of a brighter future and avoids everyone from being a spectator on the benefits that others will get through Bitcoin in the future. Only a very basic point for some people is their willingness to increase their trust in Bitcoin so they don't hesitate to buy Bitcoin in stages with the abilities they currently have.

Not passionate, actually. I just do DCA in a monotonous way and I plan to continue the same at least until I see that we enter the bull market, which for me will be the next cycle after surpassing $69K. If I see that the price rises a lot and rises very fast I may do some partial sales, but otherwise I am considering accumulating for a couple of cycles.

But no excitement in what I do. And tomorrow if I accumulate a considerable amount, as I will have arrived slowly I suppose there will be little excitement as well.

Yes, so true, and specially in bitcoin investment, this is not a race, like 100 meter dash, but a marathon. So it's going to be a long and hard grind but every small steps are very important, like just stacking sats that might turn out to be big in the future.

So just continue with your journey, I know that it's going to be very mentally tough for each and everyone of us. But hey, if we have a dream then definitely, we can go and chase that one big dream of ours and maybe we will have 1 BTC in our wallet.

Bitcoin is a very good and promising investment, and as long as I still have finances I will continue to buy, it doesn't matter if the current price is red and in my opinion if we want profit then buy at a low price, the mistake many people make is buying during a bull run so get a very expensive price.

Very few investors can completely get rid of those feelings of uncertainty, and it is easy to understand why, after all we are investing money that it took us forever to earn in order to invest in an asset like bitcoin that while solid it can be extremely volatile, so do not worry too much about those feelings as they are a natural reaction to investing in bitcoin, still since you are investing in bitcoin right now you do no have too much to fear, since the price will most likely recover soon enough.

Economy doesn't need to do badly in order to enjoy bitcoin, it's obvious that it's a good thing and we just need to make sure that we give it the good attention that it deserves. When you look at the situation you will realize that the foundation fiat currency is built on is shaky, and we are seeing why it's bad right now, but even if we didn't see it do badly, we could see how it could do badly when there are so many red flags about it, whereas bitcoin is a much better one and I bet that it's going to do even better.

This is why it's quite important to focus on how to make money from it, and if we could keep doing it then we are going to end up with a good result without a doubt, that's how it's done and that's how we are going to get it.

First, knowledge of bitcoin investment which is very important for everyone who wants to buy bitcoin to understand. Hopefully we can all realize the importance of investing in bitcoin and can practice it by always using the strategy of collecting bitcoins regularly every period, that way we will always be excited to buy bitcoins without having to wait for prices to go up or down.

Because for me Bitcoin brings a different revolution in the world economy in the future, many people who are bull investors make money consistently. But if we don't make the right decisions from now on then it's not impossible that in the future we'll just be spectators with regret.

This week the market drop is more than 12% and it seems that the analysis of many experts that this year's market will not recover will be proven, seen from March when prices can touch $ 30k but it appears that $ 30k is like a very sturdy wall so it is difficult to pass, seeing the situation The market at this time of course I prefer to wait rather than making decisions.

Doing DCA at the same time frame, like buying every week with the same amount of money.
I do it every week and it has started to run until now.

When the price is not good like now it is the right opportunity to continue collecting Bitcoin.
Although the small amount of purchases made at least it is enough to make you hold Bitcoin until the bull run arrives.

The main target is of course the upcoming ATH, which will probably happen in 2024-2025.
See how the benefits can be obtained if you are able to hold it and continue to be consistent in the initial strategy.
If you hold you will be rich, and selling cheaply will only make you lose.

Actually, it is a good strategy to buy a small amount of Bitcoin over a long period of time like the Dollar cost average since you don't really know accurately when will the market price is going to skyrocket so buying every week or every month is going to be a good strategy because, in the end, it will still going to be a profit as long as you're going to sell on the right timing like on the upcoming bull run. You did the right thing starting to invest even though you just invested a small amount I mean your not really going to understand it completely unless you start investing on it.

There was some kind of joy actually when you already own Bitcoin, and you just want to continue to invest and buy more Bitcoin, but still, even though we all believed that Bitcoin is going to be big in the future and we are going to earn a huge amount of profit in the Bullrun this is still a risky investment so make sure to only invest what you can afford to lose. And do not invest if you still doesn't have some kind savings so that you would not end up just selling you investment if you need money in case of emergency.

OP As you buy Bitcoin at a modest cost, I can feel your excitement and passion for it. I say that because I can remember feeling that way in the past when I thought about the potential returns on my Bitcoin investment. However, that does not imply that one should neglect to spend their spare money and instead put much more into their bitcoin investment.

OP If you are investing because of the bull run, be aware that it will not happen this year but instead in 2024/2025. You should better evaluate how you invest in bitcoin to determine whether the money you have on hand can support you until the bull run, which is expected to occur in 2024 or 2025.

But I want to ask you if you have invested in any asset before or bitcoin was your first and you are passionate about it because you see its return greater than any other investment?
Bitcoin is not my first and only investment, but I like about it because it offers the highest return of all investments. If bitcoin became stable and no longer profitable, would you still be passionate about it? So I wouldn't call what we're doing bitcoin enthusiasts, we're passionate about making money. Earning a lot of fiat is still our ultimate goal, not bitcoin.

The excitement of having bitcoin will be felt for the first time. Further everything is profit dependent, and the excitement happens when you were able to buy good amount of bitcoin at a decreased price. Being passionate about bitcoin can be seen with users who really strive for the widespread and the adoption of bitcoin. To me El Salvador President Nayib Bukele is the person who is more passionate about bitcoin and takes every action to support the growth of bitcoin. Op have elaborated the happiness he had on holding bitcoin.

What you convey is true, fear that if the price drops again there must be and is seen as normal. if i see you are very passionate in your current investment in btc and keep on accumulating step by step. Yes. The adage you convey will apply if it's a bull run, but for now it hasn't and many are still hesitant to enter, waiting for the price to dip again. yes. Friend. once again it's normal, the important thing is not just going against the mainstream,

You are probably referring to this specific moment (the dip) and I understand that those who want to buy a little "cheaper" always feel something special when something like this happens, especially if they do not practice the DCA method but only buy when the dip happens. I personally believe that the best time to invest in BTC is when I estimate that the price has touched the bottom, and I believe that that moment in this cycle has already passed - although some very bad news can drop the price by 15-20% without any problems, especially at the time when demand is very low.

It would be logical for someone who understands and believes in Bitcoin to always be "excited" in some way when buys Bitcoin, of course always taking into account that what he bought does not get an unwanted owner

A lot of people I know including myself actually bought Bitcoin this period and I am still buying. There is no point pretending to be doing something you are not doing. I agree with you that a lot of people are not doing well financially this period but there are still those who  also just met their major breakthrough this period.
As far as accumulating Bitcoin, irrespective of the global economic situation, there are still some people that will ensure they don't miss out on any opportunity to buy low.

Hello, I have reason to think English isn't your first language so I understand things sometimes come across differently. That's just fine my friend.

Anyways you use ALLOT of words to express emotions in buying. Emotions should be very distant or surpressed when making decisions with money especially when investing with "not spare money".

Buy small bits at a time as to not extend yourself and cause emotional worry. Don't go all in build a cash war fund and buy a few percent at a time and enjoy your life not pasted to a screen worried about money.

Yes, I too buy the coins in every 15 days irrespective of the price. I have seen what Bitcoins are capable of. Years back they were hardly 500$, now they have touched mighty 69k usd. I know I might sound greedy, but yes I am investing and accumulating Bitcoins on a regular basis now. I don’t care about these small dumps. I know 2024 will be big for Bitcoins, for that reason I am holding it. Let’s hope for the best.

That part of you that's insisting you invest in Bitcoin at a time like now is the part of you from the heart – a place of reasoning while the part that show fear is emotional (the mind). Anyone who's into Bitcoin but aren't finding a way to buy and keep now in pursuant of the bull rally that's imminent isn't true to type.

Nice advice. Though the second paragraph makes me ponder on how dangerously risky someone can be to themselves and their finances. Liquidating $400k+ for a crypto investment for an individual is a bad decision for me. Even at its very low ebb where we think price has crashed enough and the only way it can go is up, it will still be ill advised to ask anyone to invest all they've got into Bitcoin (or any business at that.l). Every business minded person should know how to take calculated risk. Doing what you narrated in that paragraph is one taking unreasonable risk.

Your smart way of dealing with Bitcoin is great – every bit of money counts. While you're on this journey, think about checking out XGo. Their XGoID feature is like a magic trick that makes handling crypto addresses easier. It's about finding platforms that fit well in this ever-changing crypto world!

The economy is not doing well - so I can't expect everyone to keep up their enthusiasm for investing in bitcoin. Even if some of the users here say they bought it - but I believe they are more likely to be lying to themselves.

Some also buy - but only if they have an income higher than their monthly living expenses. A person who is able to save $100/month monthly income cannot be expected to invest it in bitcoins. They need to adjust their monthly needs and expenses - so of course they will avoid investing more. I'm just not denying that some people here are lying - but that's up to them.

When it comes on being passionate then this isnt really just only limited to Bitcoin alone but also in other investment which i do have. Everytime i do see some opportunity then it would be always best to dive in and never ever tend to make yourself able to miss out if ever there's one. Now that we are seeing currently on the current market as of this time which its already declining then it would be best on buying or accumulating cheaper coins. This is why its always been ideal that you should set aside some funds for the said situation or condition because you could eventually be able to maximize potential profits that you could really be able to generate.

In speaking solely with my Bitcoin holdings then i do divide it on two different allocations which one is intended for holding for long term and one is really that intended for me to do short term trades which means that
i would really be needing to face up that volatility. Accumulation does vary since not all would really be mindful on the things that they've been doing basing on the recent market condition or whatever conditions it would be.
So results or outcomes will really vary on each person or investors decisions towards their investment which it could neither be positive or negative.

I'm not afraid to invest most of my budget in bitcoin so far. In fact I could still consider buying periodically with DCA if I'm on a budget, so it doesn't just do it when the dip is there. I agree that bitcoin is an investment asset and a more useful store of value than fiat, but we all have our own limitations on how much we can afford to lose, especially how much we can afford to lose.

Bitcoin can be said to be quite good in terms of performance compared to gold. The price of bitcoin fluctuates, this poses a risk but still bitcoin is a good choice to choose as a long term investment asset.

Not really way more than normally. I mean we are not going to end up suddenly changing our point of view all that much suddenly, we are going to end up with a much better result without a doubt. I always believed in bitcoin and I am going to keep believing in it and that's not going to change anytime soon. Just because its a little up or down doesn't change anything for me, its all the same. I personally believe that we will do a lot more on the long run and that is why there is nothing wrong with it. Of course it will take a bit of a while, but I have bought up until now, and I am going to keep buying until from now on as well, that will not change, so the end result is the same.

Do not get too excited, no matter what you do. Getting overly hyped up can set us up for a big letdown down the road. So, I think keeping a level head and looking at things from all sides is much better. It's like, excitement can be a good thing, but keeping it in check is even better, in my humble opinion.

Regarding the current dip, it is nothing new in the Bitcoin world. If you happen to have some extra cash to invest, that is great, but remember to be moderate and think things through.

Can't stopping with my passionate for buying and keep accumulate for investing in Bitcoin right now although in dip price, actually last three days when bitcoin price crashing make my self more passionate keep accumulate to buy bitcoin in daily day. I don't have much capital and less place get borrowing for investing in bitcoin. I don't think has any investor are disappointed with current Bitcoin price and they will more passionate to buy as much possible during Bitcoin under $26,000.

Bitcoin take progress and need longer time if want get rich as investment assets, we need patience and keep accumulate when Bitcoin still in lower price and take profit later after Bitcoin raising up, don't blame and give up during have fund or free money keep accumulate and investing as much possible in Bitcoin.

Many think that bitcoin is a quick rich scheme where you just have to put money and within short span of time you will be rich. We need to be rational about bitcoin while investing our hard earned money here. 2 days back bitcoin price was 30k and today its around 26k. Novice investors are the one who lose in such DIPs as they quickly sell there holdings. We need to understand bitcoin before jumping with capital.

You can be passionate about buying bitcoin but you need to do it within reason.

I’ve seen way to many people go overboard. Like liquidating their entire 401K and putting it in bitcoin. Or borrowing money from a credit card or home line of credit and investing it all. They usually buy the top and end up paying huge interest on top of it.

So you can be passionate but doing it with reason. Don’t make it a finance decision which will wreck you.

Already did it a few days ago but not with a large amount, I think it's the best way to buy bitcoin at the lowest price of $26K even if there will be a decline again there will be no more regrets buying at that price I believe this is the best time to buy.

Not with spare money it will be used when there is an emergency, as it must be that buying bitcoin is extra money that is earned and then saved when the price of bitcoin correction falls then use the extra funds to buy, the rest is still safe because the reserve funds for me are intended for other needs that I will use later if needed.

Well this is a dip and it is usually a good idea to buy in the dips and I always try to buy some sats if I have some extra funds to spare which I don't right now.
As for "how passionate I am" these days, I have to say not a lot because I still believe that the ongoing global recession is affecting the bitcoin price and will continue to exist as a sell pressure preventing the rises. On top of that we have an increased amount of market manipulation and FUD once again preventing rises and creating artificial sell pressure.

In that case maybe it is time to find a way to get some "spare money". It could be some additional work you do like freelance on the internet or it could be selling some old stuff from the storage that you don't need or use like an old laptop for example to get some extra funds to buy bitcoin with.

As long as the money you used to buy Bitcoins doesn't cause trouble in your own life, I think you are not creating problems in your life because your own courage in buying Bitcoins at this point should be considered a very wise move. It is also your own passion in investing even if only in Bitcoin and you yourself also don't need to think about those who are still afraid to buy Bitcoin at this time because when they are disappointed because they don't take advantage of opportunities they will also think about themselves individually.

Small purchases may not have an effect on the market, but they are always good for the whole market when there are many people doing it at the same time. Actually you have used the right moment for this because when other people are still hesitant to buy Bitcoin, you actually muster up the courage to do it at this time and I think that is a very extraordinary thing.

Investment is a matter of choice whether someone chooses to buy now the market is still dip is of choice, you could be surprised that people only think of investment when they noticed there are some potentials for the market to make new wave like, when there is no positive signs they seems to withhold their funds until they noticed some great signs that shows a strong buy in the market. That is why some people today still don't believe or have total reliability on bitcoin price maybe it could be scam or not but one thing I know too well that bitcoin has been here for decades now and I don't believe to see any silly things to affect the market although I know that going down more is possible and we could witness more dip maybe yes or no but in general, investment depends on self willingness because from what you said "All funds are important to you" it could be for others.

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"