I cannot stop buying - page 2. | Bitcointalksearch.org

Fredomago

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First thing before you start your investment, make sure that you are using money that you can let go, or smount of money that you can hold for longer time frame, going long to this market was proven to be an effective way to invest and maximized your profits.

Quote from: karanggatak on June 15, 2021, 10:47:27 AM

be wise in investing in cryptocurrencies, my advice is to use cold money to invest, don't let you put all your money in bitcoin later on but have trouble when the market crash.

Have a better overview from this market that you'l going to work with, there are many opportunities as long as you have the right mindset,
most of the time, those long term investors enjoy the huge benefits the market brings.

Quote

investing in bitcoin is very good for the long term but the risk of market volatility is also large so if you invest prepare carefully so that your investment portion is good.
and most importantly don't be greedy.

karanggatak

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be wise in investing in cryptocurrencies, my advice is to use cold money to invest, don't let you put all your money in bitcoin later on but have trouble when the market crash.
investing in bitcoin is very good for the long term but the risk of market volatility is also large so if you invest prepare carefully so that your investment portion is good.
and most importantly don't be greedy.

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Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate Mobdro

You need to stop buying or you will end up like lossing. Buying is need to be done during dip only but if you are addicted on it you will maybe buy even price is high and risky, you need to control your self and make a proper or prudent decision to avoid loss.

Silberman

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Quote from: Marvelman on June 13, 2021, 04:00:59 AM

There is no such thing as an addiction to buying anything, not even Bitcoin. True, there are compulsive buyers, but that does not mean they are addicted. A person buys what their financing options allow.
No big deal.

I will have to disagree with you here, obviously someone that is buying bitcoin or anything else within his means cannot be said to be addicted but we must remember that there are many people that use credit cards and loans or even steal to buy what they want and at that moment I think it is fair to say they are addicted since they are engaging in a behavior that is destroying their lives and their future which are clear signs that someone is addicted.

Saisher

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Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate Mobdro

This habit of yours can make you very rich one day, if I have the means I'm definitely going to do the same, the easiest way to make money in just a short period of time is to buy Bitcoin and HODL, just be sure that you really have the means and you are ready to take the risk the market is going down but if you understand the risk you are good to go.

Marvelman

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There is no such thing as an addiction to buying anything, not even Bitcoin. True, there are compulsive buyers, but that does not mean they are addicted. A person buys what their financing options allow.
No big deal.

ILuckyGuyI

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I wouldn't like to give you an advice like "You should continue to do so." or "You shouldn't.". It is your money and your choice as well. I don't see any bad in buying normally. But it is better to follow the market closely and make your moves according to it.

Hippocrypto

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Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate Mobdro

That's a wise idea same as mine, and don't you worry about what future it may take as time goes on and on. Think about the potential of your little investment once price come for another ATH, she keep on saving what is meant to be saved. We should take advantage of the bear market for a meanwhile, because one day it will benefit us for our financial assurance.

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Quote from: albon on June 12, 2021, 03:52:54 PM

Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate Mobdro

Yes, you should stop buying Bitcoin, the right time to buy is when the market is dump and the time to sell this is what you set. You should set a target to sell, it is not wise to buy every day. You have to understand the nature of this volatile market well so as not to lose your money. You have to buy bitcoins with money that you don't need in your daily life.

Momentum when buying is also very important, because buying bitcoins means you are investing and spending your money. You definitely want your investment to get the maximum profit, right? so waiting for the right time, for example during a dip or bear market then buying it is the time you have to prepare, so you don't have to buy it every time you have money

albon

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Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate Mobdro

Yes, you should stop buying Bitcoin, the right time to buy is when the market is dump and the time to sell this is what you set. You should set a target to sell, it is not wise to buy every day. You have to understand the nature of this volatile market well so as not to lose your money. You have to buy bitcoins with money that you don't need in your daily life.

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Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate Mobdro

If you feel enough you can stop or maybe wait for longer interval. I mean, decide to buy every how many times price get down from your last price to bought. It is like interval $5000 you buy or maybr $2000 -$3000. Because if we can't control ourself (addicted means we can't control what we want anymore) sometimes can be boomerang which can cause our loss if something bad happen to bitcoin.

erep

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Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate Mobdro

You don't have to buy bitcoins every day, but you can deposit your money in crypto to buy them at the right time, the market has been very low and the safest position now is to keep assets in stable coins then buy them when they are cheaper than the current price.

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Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?

Up to you, if you think it won't affect your current financial needs and only use your extra money to buy Bitcoin then I think it is a good move but If it affects you into using the budget intended for your daily needs and monthly bills then it is not healthy. Savings Bitcoin for future profit is a good thing but sacrificing your daily and monthly budget for it is not. So I can say is to balance your budget allocation, that way you can continue to accumulate fractions of Bitcoin while not affecting your other budgets.

Inspiron14

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Quote from: Lorence.xD on June 12, 2021, 02:59:00 AM

Quote from: Rajamuda on June 11, 2021, 04:03:22 AM

May luck always be with you if you have such a habit, because it is like playing with risk, but it can still be faced with various things that can be learned from time to time, if you really like bitcoin.. of course you can understand a lot of things and manage what you do.
Loving bitcoin doesn't mean dissolved without knowledge, especially in terms of investing.

OP doesn't need luck, what OP need is patience to be able to hodl for long because I am pretty sure that panic will definitely set when OP is buying bitcoin everyday and the prices go down.

if you buy gradually I think it's okay, as long as you buy it while you are at support,
use 25% for every drop at support and you will be safe, if it's still bullish buying gradually will have a good profit level,
but if the market is bearish advice I discard this strategy and do a cut lose, if not then you will regret it, for now watch first, don't be in a hurry for buy

Lorence.xD

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Quote from: Rajamuda on June 11, 2021, 04:03:22 AM

May luck always be with you if you have such a habit, because it is like playing with risk, but it can still be faced with various things that can be learned from time to time, if you really like bitcoin.. of course you can understand a lot of things and manage what you do.
Loving bitcoin doesn't mean dissolved without knowledge, especially in terms of investing.

OP doesn't need luck, what OP need is patience to be able to hodl for long because I am pretty sure that panic will definitely set when OP is buying bitcoin everyday and the prices go down.

Oasisman

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Quote from: sarmrakib on June 11, 2021, 09:23:24 AM

Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

~snip~

You are actually walking on the unknown way .I think you always need to have a mind set where you wanna buy and where you wanna sell that .Without having this knowledge you can loose huge amount when market starting to get down .So i think you should need to stop buying daily and set a rate where you wanna buy and where you wanna sell .Hope you can get a huge return.

Make sense, but what If the OP is aiming for a long term ROI?
He might experience a long bearish period but won't lost anything as long as he doesn't sell any.
Though he might've lost some when he bought at the peak, but then again he won't lost any if he don't sell any, because Bitcoin so far is ascending ever since.

Now, what he needs to learn is when to have a good entry point. Investment wise, he could save his money to bulk buy during the dip rather than buying everyday.
So, yeah I agree that he needs to set himself a specific price range when to buy.

YuginKadoya

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Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate Mobdro

Buying on a dip is a good thing but it is up to you if really want to buy all of your money with Bitcoin, but if you are addicted to just buying bitcoin I think there is still a negative impact for example the cycle have shifted in a bull run do you still consider still buying bitcoin or this time selling it now, if you're addicted in only buying Bitcoin and you don't have control over it then you are really addicted, then consult a specialist, but if you can control yourself in what you are doing, then you are not addicted I think you might just enjoy the bear market that much that you are saying that you are addicted to it,

And don't seek advice on what to do with your own money we are not a financial adviser you can surely do whatever you want with it, I think you know what to do in buying it.

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Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate Mobdro

if you have a lot of unused money of course there is no harm in investing the money in the form of btc now, especially now the price of btc is experiencing a decline, so that when the price of btc rises of course it will cause estimated your money also increase, but if you have money that is right for the family, of course it's better for you to think again to continue to buy bitcoin every day, because after all we should take care of our family's finances as best we can and we don't know when the situation is urgent for us to spend money quickly.

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Quote from: LavenderBirch on June 08, 2021, 05:48:36 AM

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate Mobdro

Always keep some extra funds with you in your bank account in case you need them in emergency as btc is not mainstream and not accepted by all so you need to hold fiat or funds in your bank account.Putting all your funds like CZ can be risky for you as if it is down you might feel panicked and sell off at low prices also.You can cash out your profits at small intervals and carry on with investment later on.Rest your funds your choice.

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Quote from: Poker Player on June 08, 2021, 06:01:56 AM

It's not too wise asking others what to do with your money and posting it in the wrong place on the forum in your first post.

I hope you have cash left over to buy food, at least. If you buy Bitcoin compulsively but have your basic needs covered, it's OK.

I do not really know if the OP is being serious or if he is just exaggerating, buying bitcoin now when it is roughly at a 50% discount is obviously a good move so that is great for him but as we know doing any activity in a compulsive ways is never healthy and yes this even includes buying bitcoin, after all as you say someone that is truly addicted to buying bitcoin will buy it above other needs like buying food or paying their bills, but as long as this is not the case then I do not think we can actually say someone is compulsively buying bitcoin.

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