I cannot stop buying - page 3. | Bitcointalksearch.org

Golftech

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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

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 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.

Correct, you need to work with your targets, setting your plans and make sure to understand how the market works,

buying without any target will lead you to lose your money, not unless you are into long-term and you don't have any

emergency, if the money is all spare and nothing to use in immediate time.

sarmrakib

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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 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.

michellee

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It is good if you still buy bitcoin, especially if you can buy at a low price. But you should remember that bitcoin can drop anytime, so I suggest you hold some money to buy bitcoin later at the lowest price. I am afraid that if you continue buying bitcoin at the current price, you will not have an opportunity to buy it at a drops price. So you need to hold yourself to buy and it is better to spread your order buy at many lowest prices. But do not forget to sell some bitcoin once the price starts increasing so you can get your money back.

electronicash

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somehow it's good. keep investing. it will not be good if it does affect your life already. BTC is good. don't go spending on altcoins for now.

it is best if you try selling as well especially if it hits the peak and then maybe buy again when it. this is how you learn to trade. seeing how you can afford to buy while the economy is bad. some people have to give up something before they could allocate funds for investing. good luck.

Rajamuda

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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.

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Quote from: Rengga Jati on June 10, 2021, 06:59:17 PM

You can keep buying BTC, but remember, you must buy it wisely and smartly. Loving BTC doesn't mean always buying BTC always. It means how we can control our fund managers to buy and sell Bitcoin. Whether it is for holding or trading, it is no need to panic buy or sell BTC. Buy wisely and smartly, so there will be no regret at all in the future. Although if you are doing it with your own deep awareness, be sure that you have been ready for all risks that you may face in the future. But I hope that you can reach your own target.

You're just tolerating the behavior, didn't you read that OP is feeling like he/she is addicted to buying bitcoin? I don't think that buying bitcoin wisely will be enough to counteract the impulse to buy. I think that if OP can help it, try stopping yourself from purchasing bitcoin, make the purchase skip a day for two weeks and then skip for 2 days for another 2 weeks and slowly try to go up from that, create a different habit to slowly kill the existing habit.

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Quote from: jambul_kribo on June 10, 2021, 07:00:20 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

if you buying partial and still have a enough money and used it for long term investment , i think you will rewarded with huge gains some day. bitcoin or cryptocurrency actually one of investment portofolio that give us huge return than other assets. but it really have risk than other too if we could not managed well.

The problem on this person scenario was he is using all his money to buy Bitcoin which is very risky and not ideal unless he has emergency fund to cover other expenses in case Bitcoin price is low when the time comes he needs money. I believe proper DCA is more appropriate rather than compulsive buying regardless on what asset he is buying.

poodle63

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Whether it's wise or not depends on your financial condition since we have no clue how is your condition then it's you who knows it better but
what's the difference is there accumulating bitcoin day by day from a little by little to saving in bank except you get more ROI in the long term.
I personally think it's wise, you are investing here and not being rather consumtive like most of people are and if you are addicted to accumulating
bitcoin then it could be said that you're addicted to saving money which most of normies gonna say as a wise decision.

slaman29

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Quote from: Zilon on June 10, 2021, 08:51:08 AM

I would tag this a positive addiction because it's more of an investment but I would rather suggest you also invest in other good projects so you don't get stucked during the dip sessions. Bitcoin has proven over time to be a wise form of securing the future without much hard work but most times one can't really predict what happens next so instead of investing all you can also consider some good altcoin as well

Nope, don't. If you're a guy who likes saving money, then keep doing what you're doing and do NOT get tempted to diversify into "projects" aka shitcoins and scams. Altcoins just not as predictable as Bitcoin, far far away.

Put away and build up your hoard, stack your sats, whatever it is. That's definitely a positive addiction but just as long as you don't end up being that guy who keeps everything til he dies and someone else inherits it;)

jambul_kribo

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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 buying partial and still have a enough money and used it for long term investment , i think you will rewarded with huge gains some day. bitcoin or cryptocurrency actually one of investment portofolio that give us huge return than other assets. but it really have risk than other too if we could not managed well.

Rengga Jati

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You can keep buying BTC, but remember, you must buy it wisely and smartly. Loving BTC doesn't mean always buying BTC always. It means how we can control our fund managers to buy and sell Bitcoin. Whether it is for holding or trading, it is no need to panic buy or sell BTC. Buy wisely and smartly, so there will be no regret at all in the future. Although if you are doing it with your own deep awareness, be sure that you have been ready for all risks that you may face in the future. But I hope that you can reach your own target.

Lanatsa

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Quote from: Dr.Osh on June 10, 2021, 11:58:56 AM

You're not wise if you don't have a purpose for it. If you feel that you have a goal, then pursue it. however, for now, the price is indeed still low enough to stock bitcoin. unfortunately, it will all be in vain if all you do is buy but have no purpose for it.

If you do buy then for sure then you do really have some goal because its just impossible for someone to buy up something if you don't have any plans or goals in mind.

If you cant stop buying then be sure that you aren't buying carelessly or without any basis or without any plans because you wont find out on what you are up to.

Just mind that you don't compromising too much money on buying because there are people who do just simply jump in just because they had been hyped.

sana54210

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Quote from: Desscount on June 10, 2021, 08:54:41 AM

Quote from: Kong Hey Pakboy on June 10, 2021, 05:22:56 AM

Just don't spend all the money that you have on it and you are good to go, remember to take care of yourself first because you will probably have no use of bitcoin if you died of starvation or anything that might cause you to die because of your neglect for daily needs.

haha that's right, if you are a fan of Bitcoin, that's normal, because in this pandemic situation many people start new things,
and try to get in and get to know crypto currency,when they have felt a lot of profit, I'm sure they will be fans of bitcoin,
and it's natural if he always buys it, because he thinks bitcoin will continue to rise

Interestingly people who are veterans of crypto also went into new things as well. There were a lot of new people in crypto that started to buy stuff like bitcoin, etheruem, bnb, and obviously doge which was the news all over, however we are forgetting that there were tons of veterans that has been here for years and they did new stuff as well.

They went to stuff like defi, nft, swaps and even mining as well because at some point it was like 4 month ROI if you could find market price for those GPU's but the prices went up like crazy on second hand. So basically it wasn't just the new people, even the old people went crazy with it, and there were so many things to do. During pandemic buying a ton of GPU and building a mining farm with it did sound like a crazy good business and something to both profit but also have fun with so you do not get mad.

Dr.Osh

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You're not wise if you don't have a purpose for it. If you feel that you have a goal, then pursue it. however, for now, the price is indeed still low enough to stock bitcoin. unfortunately, it will all be in vain if all you do is buy but have no purpose for it.

barbara44

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Summers are always bad for crypto, I am assuming people are taking out their profits and having fun with it during the summer, let's face it I do not care if your favorite season is winter or whatever but the reality is that people are outside a lot more often during summer and inside a lot more during winter, if the weather is nice and there is sun outside it is a great reason to be outside. Which means people spend more money during summer and less money during winter. That means if people want to cash out something what do you think will be the first one? It will be bitcoin and they just cash out their great profits they made this year and spending that for vacations and so forth to have fun.

I have one vacation (hopefully" this year as well, I saved up some money but unfortunately because of pandemic the prices are sky high so I will instead go to my parents summer house instead, it is still vacation type deal because sea is close so I can swim, but basically I am just at home with my wife instead of a hotel.

ipanks

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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?

Maybe you can set a price range to buy bitcoin because the bitcoin price can go lower than the price you bought. For example, you already bought bitcoin at $37,500. You can buy bitcoin again when the bitcoin price down at $36,500-$37,250 and others. But that is only a suggestion and you do not have to follow that if you think that you feel not right.

So you can have more money to buy bitcoin just in case if bitcoin price is down deep. But that will be up to you because that is your money, and only you will know.

Desscount

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Quote from: Kong Hey Pakboy on June 10, 2021, 05:22:56 AM

Just don't spend all the money that you have on it and you are good to go, remember to take care of yourself first because you will probably have no use of bitcoin if you died of starvation or anything that might cause you to die because of your neglect for daily needs.

haha that's right, if you are a fan of Bitcoin, that's normal, because in this pandemic situation many people start new things,
and try to get in and get to know crypto currency,when they have felt a lot of profit, I'm sure they will be fans of bitcoin,
and it's natural if he always buys it, because he thinks bitcoin will continue to rise

Zilon

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I would tag this a positive addiction because it's more of an investment but I would rather suggest you also invest in other good projects so you don't get stucked during the dip sessions. Bitcoin has proven over time to be a wise form of securing the future without much hard work but most times one can't really predict what happens next so instead of investing all you can also consider some good altcoin as well

$crypto$

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Good addiction you don't think about the risks that have happened so far even buying bitcoins every day? now how much has been collected? maybe your dream can be a millionaire if you can hold on longer.

I won't say stop buying bitcoin, in fact there are still many who earn from bitcoin if this has become part of your addiction, you just have to manage everything you have, remember that bitcoin will not lose unless there is a big dump, if it stays long HODL you can find the real dream.
In fact I like that you buy bitcoins every day with the available cash.

Crypto Fireside

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Join the club mate. Buy and hodl is a solid investment strategy.

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