Topic: I cannot stop buying - page 4. (Read 992 times)

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.

I think that for now it is the best strategy for those who have the money, although buying in the dip is more valuable than the same gold, in this technical analysis they predict that it may fall a little more, which is ideal for the purchase of BTC:


Source: https://ambcrypto.com/bitcoin-solana-matic-price-analysis-08-june/

If this happens, I think you can buy a lot more BTC, which if when BTC rises to at least $ 50k the gains will be monumental.

He wont really make any action if he wont really have any goal towards on the BTC that he do bought and also not all would have the capacity to do so.

If he do have the money then i can say that this kind of addiction is way more better compared to any forms of addiction out there on where you do spend out money instead of saving or making some investment.

As long you dont compromise your budget then i dont see anything wrong with this.

What's your reason for doing it?
What's your goal?
If you think that you're being addicted to it and it is affecting your life in a negative way then stop it.
Have some time off and think about it thoroughly you should have a plan or goal on your investment.
I know how it feels when you are watching your investment grow you wanted to invest more for bigger profit,
But you should also be aware of the risk and set up your goal not just buying it.

In the past, when the price of bitcoin was at its peak, many people regretted not investing. Well, now's your chance! The bitcoin price is still fluctuates unpredictably, but one thing's for sure – your money will go a lot further if you invest it now.

In spite of the short-term pessimism surrounding bitcoin, in the long term, the crypto market has a chance to reshape many financial systems. Investors and traders should consider investing in crypto now that prices are low and they're able to buy low and sell high. The potential upside of investing in bitcoin is too high to ignore.

However, we know that one's risk appetite should never exceed his financial ability. You should strive to meet your financial goals and it is better to live below your means and live a happy life than spend beyond your means and spend your life financially deprived. It is important to remember that you can work more hours, even at night if it is important to meet your goals, but in the end, you need to be able to spend less than you earn in order to be happy.

As I have said before: There is no such thing as a sound investment strategy that ensures that you will never lose money, and very few 'fundamentals' that guarantee that you will make the right decision regarding your investments.

According to the report, billion billion worth of BTC was accumulating on this dip by whales and this is not new. From my insight I can say, whales has pre-planned. I'm not whale but what I done enough to put a smile on my face. I'm still holding rather selling off as uptrend season wasn't over. I'm not out of the dip yet, yesterday bought more BTC and others coin. So, I guess i'm in it for the long haul. Bitcoin trade volume is still low, buy the dip if you have funds. Just a short time the the trade volume will rise again cause cryptos are the future.

No matter how high the price bitcoin is currently trading, it will never be said to be the worst time to buy it. You can buy bitcoin whenever you want and at any price if you want to collect bitcoin which will be prioritized as a long term investment and what you're doing now has been done by someone else before and it's like saving. You may notice that your invested capital every day decreases due to price fluctuation, but it can still increase if you are not tempted to sell it. Remember, in the long term bitcoin investment is more profitable than you make in the short term.

Bitcoin is not a get-rich-quick scheme, but its price fluctuations (bullish trend) have provided great profit for those willing to invest in the long term. Bitcoin can be used to help with your financial problem, but only if you are good at using the market to make a profit.

That's why I do always buy. Historically June, July is the month of dump, it may go down further more. However, I did not see dip below $31k and the resistance is strong. Regardless of where it's going now, just look at the long picture until you need cash. Whats wrong if Bitcoin means to solve our financial problem? I take  it positive.

Exactly! There's always the need to balance everything. If you go with Bitcoin, always think of the long term. If you buy Bitcoin for quick profit, you might be caught in a correction or severe dip like now. If a need for money arise, you might be forced to sell at a loss or take a loan from someone or from a bank and since you'd be paying a higher amount, you are already losing due to investing all your money in Bitcoin. It is good to be practical.

If you have lots of spare then it's still good to go but if you just have enough to feed yourself and your family better to think more deeper before spending more money into investing with bitcoin.

Keep in mind that money is always important, those who don't have enough reserves they are prone of losing when dip go further.

Balance everything and in the end you'll gain the benefits.

It depends. If you have a large amount of cash lying unproductive out there, you can go on and on buying Bitcoin when the price goes low. But if you are already spending money which should be intended for something more important then I think you should stop it already.

You can buy more by the time you have another money which is considered an extra savings. Don't forget that Bitcoin's price is not always rising. Just make sure that by the time you have an urgent need, you have something to spend. Don't go all in with Bitcoin.

stop buying bitcoin when the price starts to PUMP, and don't stop bitcoin if the price is DUMP,
because the philosophy of buy when DUMP and sell when PUMP is a good philosophy, if you understand technical analysis,
of course you will survive a bearish storm, if you can't do the trading rules, then you will always lose and lose

it's wise if you buy around the dip, you're basically investing anyway and there's many institutional investors that do the same.

but imagine if you had done such thing since years ago, you might have made some big chunk of profit right now, guess what, bitcoin isn't going anywhere despite the dump and could get back up to its previous ATH.
just hold on a little bit longer your wallet will thank you later for making it fat with those stacks of green colored paper, though that's if you cash your btc out which most of bagholders not gonna do until their investment becomes life changing.

Depends on how much money you spend on Bitcoin and how much money you have in general. If you are spending life time saving that then you are risky guy and I would consider you having a talk with a pro trader or investor. If you are in debts and keep spending money for food on Bitcoin, or there are people who you should care, I would suggest to slow down. Just make a habit of buying 10$ worth Bitcoin everyday and write down each purchase in the table with exchange rate. That will keep you busy, disciplined and save from doing rash decisions. If you are spending your pocket money on crypto or couple of dollars every day, then I see no problem in it.

It all depends on how much money you have. If you are not using money that you need, then go ahead and buy after all its your own money and nobody can tell you what to do. However if you are using money that you need for living, then you are doing something wrong and eventually you will be forced to sell your coins as well, when you do not have any money left and you need to buy food or pay the bills, what are you going to do?

The first thing you will be capable of doing will be selling your coins and paying your bills or buying food, so at the end of the day it all depends on what you invest. I personally do not invest what I need, that way whatever is leftover goes to bitcoin constantly, I do DCA as well which is sort of what you are doing, buy a small amount each day so that I do not go all-in from one price, and that is a good strategy as well.

all i can suggest is to stop buying when you see market isn't fine like for example on this current situation for sure if your keep buying without any technical analysis its like your throwing money into the trashcan. So always remember to follow the trend and read some news around the internet about the situation so that you're not wasting money when it comes buying bitcoin because instead you can earn from it seems you're dashing money to someone else without any return.  

And also i don't think its addiction mate because no one literally do such things especially on this kind of way how to earn profits and mosty addiction can be found in a games such gambling..and to be honest this is my first time to see a enthusiast become addicted buying bitcoin for investment even despite the situation of the market is very skeptical because it keeps decreasing ... Maybe you're rich? 

I think you not, you can't call yourself addicted because you know already how to manage yourself. Addiction can be different.

Anyway, if you still have the guts to put your money at risk, why not stop? Since you have started it already much better to continue doing. And besides, Bitcoin will remain profitable which is not a thing we have to worried about losing coz that only happens if we are dumb to panic and lose our minds. 

Are you aware about how bitcoin works and its past history? Did you conduct a research? If you did, then you better know than anyone if you're doing the right thing.

IMO bitcoin is currently in dip so its wise to buy during this time. Just make sure that the money you use to buy is not meant for important things so even the price takes longer to bounce back, you can wait even it takes years.

Nevertheless dont buy because you just want to, have plan and strategy to follow.

Well as long as you have the money to buy bitcoin its ok. Because when bitcoin price goes high again you will surely gain more profits from it. Do not stop in buying bitcoin if this is your happiness, and its your own decision to do it, if you think that it is the right thing to do as long as you do not do bad to other people with your money.

I have a descending buy ladder

30030
29029
28028
27027
26026
25025
24024
23023
22022
21021


and a weekly dca buy.