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Topic: I feel like there is no way to keep up (Read 512 times)

member
Activity: 173
Merit: 20
August 05, 2021, 11:33:12 AM
#67
Thanks for the replies, a great diverse range of opinions were given here.

Yeah. Maybe I dont need to own one bitcoin. I think I just hear so much about these people with so many multiple whole bitcoins I feel like it's been the "norm" for most people. All these youtubers and so many other people on the internet, they're prob already less than 1% of bitcoin holders so I've probably thought whole coiners were more of a norm which was depressing as it would take at least a couple years for me, even if I had literally no bills and could save 100% of my income to dump into bitcoin to be able to buy one entire one.

So, I need to get back to just re-finding peace in my situation and stop thinking about it so much. Maybe all my sacrifice will pay off one day.

I know a guy whos boss literally mined hundreds of bitcoin back in the day. I just kick myself for not looking into it more. I just didn't know the price fluctuated. I feel so dumb thinking it was just "pegged" at a certain price and didn't move much. So I was like okay... I didn't really see the point, especially since back then they said it's only good for buying stuff on the silk road. Uhg. Well I know now and that's what matters.


And yeah thanks everyone for snapping me back to some degree. I should keep just DCA-ing into bitcoin mostly. Altcoins with any extra during dips. Just sticking to the ones listed. Maybe one of the alt coins will pump and I can convert it to helping me get to bitcoin, maybe not. Idk.

All I know is no matter what happens I'll never sell my bitcoin and I'll prob just look at it as a generational thing.

sr. member
Activity: 1400
Merit: 283
August 04, 2021, 04:00:38 PM
#66
 I personally started investing in bitcoin when i was a student and i was working a part time job and i used to try and save as much as i can and put it to bitcoin, and i am talking here small amounts 20 to 30 dollars and even though i didn't try to optimize the time at which i invested it turned out to profitable either way, so if you are still hesitating about whether to invest because you have small amounts just do it at your own peace and have trust that it would be profitable because bitcoin is the future.
hero member
Activity: 2968
Merit: 687
August 04, 2021, 03:44:34 PM
#65
~
it's true as you said comrade, because our goal is to invest in bitcoin for profit, if we save our bitcoin in the long term it is certain that the profits will be in our favor, actually it's not that we can't follow but maybe you are too afraid of the risk, if we can't face it risk is certain that success will not be on our side..
People who knows the risk and calculates their risk will always be smarter than those who just jumps right in. Nothing wrong with not taking the risk, we never know what happens next to bitcoin, we might be saying that bitcoin would last for a long time then something unexpected happened to the market and it entirely collapsed.
A person who is really afraid to take some risk would just stay on where he is and wont really be making out profits and wont really progress out in terms of investment and profits but for those who do

risk out their money to earn money do have the odds on progressing their lives because they could potentially get some money but of course it would be also talking about losses.Its just a matter of choice

neither he would dive in or would play safe if he wanted to but of course you would really be able to see the difference between the two when it comes to financial state.
hero member
Activity: 2268
Merit: 588
You own the pen
August 04, 2021, 03:09:33 PM
#64
You can keep up with the price of bitcoin if you have good timing and are lucky. Other then that its pretty hard, close to impossible. Btw i think if you play it well and have some luck, you can become a billionaire, or atleast you are on a chance to become one, which other then bitcoin would never had been possible.

It is extremely difficult to keep up with the current price because the price is so high that only the wealthy or those with substantial savings can afford to buy bitcoin. We all knew it was a high-risk investment, but if it pays off, you could say you'll make a lot of money and become a billionaire, just like you said. The majority of people here would advise buying on a dip, but when is the best time to do so? It's not about chance; it's about reading the chart and predicting the bitcoin's next move.

Well. if one is not sure about the outcome of his investment he could take the current chance to sell his BTC and see the other opportunity in the crypto industry. we have our own point of view and the others wanted a quick ROI and others wanted to keep up with the market for better or worst. It comes from the same perspective which is investing what you can afford to lose and never ever borrow or loan your capital if you don't want to lose your hair in this current crypto market situation.
sr. member
Activity: 1610
Merit: 264
August 04, 2021, 03:04:34 PM
#63
~.
It does not have to be a whole coin when one is looking to buy their first Bitcoins. Smiley
I started like around .001 BTC when I bought my first one and I did not regret buying it even if it was in smaller amounts.
It is just the simple demand and supply logic, but you are still allowed to buy Bitcoin <1. Smiley
legendary
Activity: 1456
Merit: 1108
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August 04, 2021, 02:30:51 PM
#62
I like your approach to this- buying periodically and hodling. It's a viable strategy for accumulating wealth. I guess that your investor personality type is that of an "The Adventurer". You have gone all in and you're even willing to "invest more heavily into alt coins". You are willing to take the risks and not take any advice. Your core beliefs about cryptocurrencies is your driving force. And the truth is you'd either make it big or learn from your own experience.

I'd like to ask, presently is having 1BTC too high a goal that it may not be achievable or attainable by just the average Joe?
member
Activity: 868
Merit: 63
August 04, 2021, 08:31:27 AM
#61
~
it's true as you said comrade, because our goal is to invest in bitcoin for profit, if we save our bitcoin in the long term it is certain that the profits will be in our favor, actually it's not that we can't follow but maybe you are too afraid of the risk, if we can't face it risk is certain that success will not be on our side..
People who knows the risk and calculates their risk will always be smarter than those who just jumps right in. Nothing wrong with not taking the risk, we never know what happens next to bitcoin, we might be saying that bitcoin would last for a long time then something unexpected happened to the market and it entirely collapsed.
sr. member
Activity: 2828
Merit: 344
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August 04, 2021, 08:29:36 AM
#60
Long as the market is going up and appreciating in the long-term and the interest of the people only goes up, I don't think that it's going to be a problem not keeping up because even if you invest at 100k and the market appreciates, it will still be profitable if you hodl in the long-term.
it's true as you said comrade, because our goal is to invest in bitcoin for profit, if we save our bitcoin in the long term it is certain that the profits will be in our favor, actually it's not that we can't follow but maybe you are too afraid of the risk, if we can't face it risk is certain that success will not be on our side..
Worries will certainly come to our minds if we keep looking and monitor the market every day. Maybe we have to try to skip sometimes checking our portfolio and enjoy ourselves to the other things, it is likey giving us some peace of mind. Because the more we are focus on our investment, the more we get attracted to some negative thoughts and especially when we keep listening to the FUDs. This is not to wonder why newcomers come too fast and also leave so quickly, this is what I think about and many have such a sad ending story.
hero member
Activity: 2366
Merit: 594
August 04, 2021, 08:24:16 AM
#59
You can keep up with the price of bitcoin if you have good timing and are lucky. Other then that its pretty hard, close to impossible. Btw i think if you play it well and have some luck, you can become a billionaire, or atleast you are on a chance to become one, which other then bitcoin would never had been possible.

It is extremely difficult to keep up with the current price because the price is so high that only the wealthy or those with substantial savings can afford to buy bitcoin. We all knew it was a high-risk investment, but if it pays off, you could say you'll make a lot of money and become a billionaire, just like you said. The majority of people here would advise buying on a dip, but when is the best time to do so? It's not about chance; it's about reading the chart and predicting the bitcoin's next move.
hero member
Activity: 1442
Merit: 510
August 04, 2021, 08:05:33 AM
#58
Long as the market is going up and appreciating in the long-term and the interest of the people only goes up, I don't think that it's going to be a problem not keeping up because even if you invest at 100k and the market appreciates, it will still be profitable if you hodl in the long-term.
it's true as you said comrade, because our goal is to invest in bitcoin for profit, if we save our bitcoin in the long term it is certain that the profits will be in our favor, actually it's not that we can't follow but maybe you are too afraid of the risk, if we can't face it risk is certain that success will not be on our side..
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
August 04, 2021, 07:59:22 AM
#57
With bitcoin going up in price. To eventually own just 1 bitcoin.
Why that insistence for owning 100,000,000 sats? I know that it's a nice-sounded number to own 1 BTC, but is that all? If you consider rich those who own one Bitcoin, then you should define us what exactly means rich to you. Are they those who have the equivalent of $40,000 in BTC?

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins.
Look, if you're here just to make yourself richer, which is pretty usual nowadays, I advice you to firstly, be careful!, and secondly invest short termly into altcoins. Most of the times, they increase more than Bitcoin does in percentages, so buying in the “dump” and selling in the “pump” would be better for you than doing the same, but for Bitcoin.

A friendly comment: You know when dumps and pumps occur; the problem is that when they do, it is already late.
hero member
Activity: 1232
Merit: 500
August 04, 2021, 07:57:28 AM
#56
if there is a will there is definitely a way, if we want we can definitely do it, if we want to work hard, keep learning, and always be patient, I'm sure we will succeed, when we start to follow and enter into a business, we have to go slowly Look at the opportunities that exist, don't be afraid of risk, because basically no one gets rich suddenly, everything needs a process..
member
Activity: 868
Merit: 63
August 04, 2021, 07:55:46 AM
#55
Long as the market is going up and appreciating in the long-term and the interest of the people only goes up, I don't think that it's going to be a problem not keeping up because even if you invest at 100k and the market appreciates, it will still be profitable if you hodl in the long-term.
sr. member
Activity: 1288
Merit: 253
August 04, 2021, 06:58:30 AM
#54
actually there is no way to follow, but maybe you don't want to learn and understand bitcoin, try to follow the steps of people who have played in bitcoin for a long time, you will most likely succeed, we don't need to hold a lot of bitcoins, like other rich people We are people who live in poverty, we must be good at taking opportunities, if there is an opportunity, try to hold one bitcoin, if the price increases a little, we try to let it go, and so on, maybe in the future we will achieve what we want..
full member
Activity: 1260
Merit: 102
August 04, 2021, 06:12:44 AM
#53
You can keep up with the price of bitcoin if you have good timing and are lucky. Other then that its pretty hard, close to impossible. Btw i think if you play it well and have some luck, you can become a billionaire, or atleast you are on a chance to become one, which other then bitcoin would never had been possible.
hero member
Activity: 2604
Merit: 816
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August 04, 2021, 06:02:04 AM
#52
It's not a must to keep up to the price movement of bitcoin and also not a must to own 1 bitcoin, you might get burnt chasing the market so it's better you wait for a dip or crash and keep buying bit by bit and try not to invest your all in bitcoin it might be too risky and the outcome might not be what you did expect, the market is just about risk and reward, try to stay profitable and manage risk, well due to the high prices of bitcoin you can choose an altcoin with potential for more income.
For people who are new to analysis, they may be able to choose several altcoins at the top, so having a large capitalization is expected to be safer. By choosing an altcoin, it is hoped that it will provide greater profits, and of course that is what everyone is looking for
I am not sure about that because the new people in trading who gather in one group will follow the so-called experts on that group and buy the suggested coins. They will not ask about how you get that analysis or etc because they do not search for more info about what coin they should buy. But if those people want to research and analyze by themselves from what they learned, they will see that the altcoins at the top position are not always guaranteed to profit. Sometimes, the lower coins position can give you the profit as you can analyze to find the right coin.
hero member
Activity: 1498
Merit: 711
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August 04, 2021, 01:15:55 AM
#51
Investing with cryptocurrency actually it have a strategies, but at least you should have a target when the price is low or when is at average before purchasing, because buying when is at higher point and expecting it to speed up in order to make a profit i think it is underprobabillity, because the chances of bitcoin price to reach or move to hundred thousand (100k) is not really assured at this moment
legendary
Activity: 3668
Merit: 6382
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August 04, 2021, 01:07:10 AM
#50
For people who are new to analysis, they may be able to choose several altcoins at the top, so having a large capitalization is expected to be safer. By choosing an altcoin, it is hoped that it will provide greater profits, and of course that is what everyone is looking for

Choosing altcoins can easily be a mistake. Very few of them hold the capability to recover / grow and even fewer actually did. I am around here for many years and altcoins did bring me more bad than good and my best move was when I've converted most of my altcoins into Bitcoin.
Altcoins can sometimes bring greater profits, but those tend to be short-lived and one has to know when to convert back into Bitcoin. Not easy.
While Bitcoin is still considered in the financial world a high risk investment (because of the wild price fluctuations), the altcoins are even riskier.

So no, if one doesn't know what to do, altcoins tend to be just a trap.
sr. member
Activity: 1722
Merit: 252
August 03, 2021, 11:41:35 PM
#49
It's not a must to keep up to the price movement of bitcoin and also not a must to own 1 bitcoin, you might get burnt chasing the market so it's better you wait for a dip or crash and keep buying bit by bit and try not to invest your all in bitcoin it might be too risky and the outcome might not be what you did expect, the market is just about risk and reward, try to stay profitable and manage risk, well due to the high prices of bitcoin you can choose an altcoin with potential for more income.

You are right, when the bitcoin market looks difficult to recover then altcoins are the best solution, there are many choices of altcoins that we can make to get daily profits of up to tens or even hundreds of percent, in my opinion the most profitable altcoins are new listed coins.
full member
Activity: 784
Merit: 100
August 03, 2021, 05:09:03 PM
#48
It's not a must to keep up to the price movement of bitcoin and also not a must to own 1 bitcoin, you might get burnt chasing the market so it's better you wait for a dip or crash and keep buying bit by bit and try not to invest your all in bitcoin it might be too risky and the outcome might not be what you did expect, the market is just about risk and reward, try to stay profitable and manage risk, well due to the high prices of bitcoin you can choose an altcoin with potential for more income.
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