I feel like there is no way to keep up - page 2.

xiboothrezi

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Quote from: isaac_clarke22 on August 03, 2021, 02:06:36 PM

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It does not matter if you can only afford .02 BTC. It is still Bitcoin regardless of its amount or even its equivalent to USD.

this is a mistake that some people who are just starting to adapt to crypto often make. we don't have to have 1 full btc to be able to get profit, whatever it is if we are consistent to collect it, it will definitely increase in value, especially when the bullrun comes. understand the right investment strategy, if we use free money it will make you calmer. this niche continues to grow, if the adoption of btc gets wider, then its value will also increase, so 0.02 it will definitely be more valuable as you say. even though with other altcoins you can get more than that, you can get 1-100 tokens or even thousands, but for the long term I will still choose btc, while other altcoins as a backup alternative. if possible indeed divide the portfolio between btc and altcoins.

isaac_clarke22

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Quote from: yat97 on July 31, 2021, 03:55:18 PM

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Aside from what others mentioned in here, why not just do your everyday life like usual without involving crypto? OP, I think you are overthinking about the bearish market coming. With that kind of overthinking, you are already jumping into conclusion of Bitcoin jumping to 100k and other "what ifs" situation/s. Don't risk your fiat to other alts, just by how Bitcoin is already more than 4 digits. As what 20kevin20 mentioned, you don't need to own a full Bitcoin.

It does not matter if you can only afford .02 BTC. It is still Bitcoin regardless of its amount or even its equivalent to USD.

macson

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Quote from: Maus0728 on August 01, 2021, 02:28:43 AM

Quote from: Bttzed03 on July 31, 2021, 10:59:06 PM

I'm not going to question the altcoins you've already invested but maybe you should consider NFT gaming with play to earn feature as well. You could be a simple hodler if you want or support the ecosystem by becoming a player also. Use some of those earnings from the daily grind to accumulate more BTC or to pay up your bills.

This might get the work done if and only if the equivalent value of his altcoins could afford an entire team/pets or character to start playing and to earn as well.

On the other hand, selling an altcoin for another nft token also entails a lot more risk of losing especially now that they are on an all time high including AXS or DPET. Perhaps, exchanging his alt to bitcoin when it reaches a decent price is pretty much better while continuously stacking monthly or even better daily.

right, piling into bitcoins is much more promising than to nft tokens like axie or dpet. we will definitely see a drastic drop in the price of nft tokens, just see how the price of skill tokens issued by cryptoblades falls drastically.

Obito

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Quote from: sapnu on August 01, 2021, 12:38:15 PM

I don't think it is necessary that we keep up with the price movement of bitcoin, instead we should know how we can follow through on every adjustment it is making. If the value is going down, obviously you do not need to lower down your investment, instead you should maximize it specially if it is a hard dip. On the other hand, if the value is rising and you have a good holding at that moment, then it is very much clear that you were able to keep up. Always mind what are the things you can do to mix in with the adjustments as you adopt each new price that bitcoin is having.

But what if what's happening isn't matching your current situation, what if you don't have a lot of coins in your portfolio? That's the saddest thing about this, you don't hold circumstances by the neck so you can just do whatever you want remember that anything can happen.

I think there will alway be a way to keep up, remember that bitcoin at the core of it is an investment and that should give you a clue that bitcoin no matter what point you've entered in the market, if you hodl long enough, your will always be guaranteed with a profit.

Fesatmas

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Quote from: nelson4lov on August 01, 2021, 01:51:31 PM

From everything OP said, it's safe to assume that he is a more of an invest than a trader. So he doesn't buy/sell more frequently; instead he holds Bitcoin long term and alts short - mid term with an aim to sell them when their prices go up then majority of those profits will flow into buying Bitcoin regardless of the price at the time he set out to buying since he's just DCA-ing.

While this is a good strategy, I'd prefer to sell anywhere close to the top and rebuy later with DCA at a lower price. In the past I've seen people multiply their Bitcoin holdings by just selling near top and buying lower. Of course, it's easier said than done but it's worth giving it a shot.

Of course, it is commendable, and I am open to the methods offered if they are easily accessible to all traders and easy to apply. Because you have an existing method in your opinion, it will be very useful to apply in any condition. It takes perseverance and tenacity to achieve mastery of the expected trading methods.
as you say easy to say but not necessarily easy to do. It all depends on how capable he is of repelling bad trades and having no concept.

Yamifoud

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Quote from: nelson4lov on August 01, 2021, 01:51:31 PM

Quote from: Fesatmas on August 01, 2021, 01:38:02 PM

snip...

From everything OP said, it's safe to assume that he is a more of an invest than a trader. So he doesn't buy/sell more frequently; instead he holds Bitcoin long term and alts short - mid term with an aim to sell them when their prices go up then majority of those profits will flow into buying Bitcoin regardless of the price at the time he set out to buying since he's just DCA-ing.

While this is a good strategy, I'd prefer to sell anywhere close to the top and rebuy later with DCA at a lower price. In the past I've seen people multiply their Bitcoin holdings by just selling near top and buying lower. Of course, it's easier said than done but it's worth giving it a shot.

Having a concrete plan will us to decide what we gonna do next. OP almost gets bored waiting for the price be going to dump in order to accumulate more but seems the market trend isn't giving him a favor as Bitcoin moves high together with altcoins. Now that he is bothering what he gonna do, I think he needs some rest as he can't think and decide right.
Sometimes we have to calm down ourselves and enjoy some events because as we more engage in crypto and getting disappointed coz we fail to reach our goal, it leads to nowhere and surely ended up regrets, and this might happen to OP if he pushes himself to invest in worthless altcoins like Doge.

dunfida

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Quote from: Shasha80 on August 01, 2021, 04:35:19 PM

Quote from: gundala on August 01, 2021, 03:28:03 PM

Quote from: yat97 on July 31, 2021, 03:55:18 PM

Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

---

Many things happen that are out of our control, when our expectations are too high it will only hurt more. First, let me remind you once again that crypto is very volatile, we can quickly multiply profits or lose deeply, so make sure we use free funds. investment quotes that we need to make the principle: Never invest money that you can't afford to lose.
thus we will be more relaxed and enjoy the market movement. experience and mentality also play a big role, so don't forget to always be grateful.

As long as we invest in crypto using money that we can afford to lose, should be able to invest leisurely, without being pressured by volatile
market movements. Because most people who enter the crypto world think that crypto can generate instant profits and use all the money
they have, even sold some of his assets, because his hopes were too high. This is what ends up being when crypto prices don't go the way we
want them to stress us out. So make sure before we invest in crypto, we already understand how the crypto world works, so it's not wrong to
make a decision.

Yeah, if you are investing on something which you had taken a loan or even putting your life savings then this would really be a stressful scenario on looking up the charts or the condition on the market

or even thinking that it might really be having some pumps or you are expecting way too much in regards to that without even thinking about the risk behind it then when the time bitcoin or crypto

had broke up your expectation then expect that it would give out frustration and stress.If you do feel that it is something putting you in doubts then better not invest on the first place.

Shasha80

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Quote from: gundala on August 01, 2021, 03:28:03 PM

Quote from: yat97 on July 31, 2021, 03:55:18 PM

Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

---

Many things happen that are out of our control, when our expectations are too high it will only hurt more. First, let me remind you once again that crypto is very volatile, we can quickly multiply profits or lose deeply, so make sure we use free funds. investment quotes that we need to make the principle: Never invest money that you can't afford to lose.
thus we will be more relaxed and enjoy the market movement. experience and mentality also play a big role, so don't forget to always be grateful.

As long as we invest in crypto using money that we can afford to lose, should be able to invest leisurely, without being pressured by volatile
market movements. Because most people who enter the crypto world think that crypto can generate instant profits and use all the money
they have, even sold some of his assets, because his hopes were too high. This is what ends up being when crypto prices don't go the way we
want them to stress us out. So make sure before we invest in crypto, we already understand how the crypto world works, so it's not wrong to
make a decision.

aoluain

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Quote from: yat97 on July 31, 2021, 05:12:42 PM

Quote from: ima.robot on July 31, 2021, 04:06:04 PM

Quote from: yat97 on July 31, 2021, 03:55:18 PM

Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

But just thinking about how if it is the bear market for the supercycle.

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time...

Would you mind sharing when you first started investing? I followed the same path as you, investing a small amount at a time according to the dollar-cost-average method.

I only started like late last year. I heard of bitcoin years prior but I didn't know it went up over time so I just thought "crypto currency" was internet money. Like, the dollar, it doens't really go up or down that much. (ik it kinda actually does but u get the point)

I feel so agro that I didn't get in way sooner. god... I feel like I'm buying the top. I'm just hoping in another few years it will go up and I'll not have thrown away my hard time/labor. I think it's going no where but up long term, but for how much higher idk. It turned into my "hedge against inflation" to a pipe dream of not being in poverty. That would be nice. not counting on that happening in my life time. I think my only goal is gonna be have a kid or two, and hope I did enough in saving/investing so that they wont have to grow up in poverty like I did.

Most people feel this way, "if only I bought Bitcoin sooner" I bought Bitcoin when it
was valued at $1000! and now I still think I should have bought more back then
but at that stage $40k, $65k was beyond my imagination.

I started a THREAD about the rising difficulty of owning 1BTC and I have to say
most people dont get the concept of achieving that amount.

All you can do is work to accumulate as much as possible. for many 1BTC is
not going to happen. Ask someone on low wages to save $40k in 1 year, impossible.

gundala

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Quote from: yat97 on July 31, 2021, 03:55:18 PM

Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

---

Many things happen that are out of our control, when our expectations are too high it will only hurt more. First, let me remind you once again that crypto is very volatile, we can quickly multiply profits or lose deeply, so make sure we use free funds. investment quotes that we need to make the principle: Never invest money that you can't afford to lose.
thus we will be more relaxed and enjoy the market movement. experience and mentality also play a big role, so don't forget to always be grateful.

nelson4lov

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Quote from: Fesatmas on August 01, 2021, 01:38:02 PM

Why be in such a hurry and end the sale there? Are you tempted by the uptick that is happening and don't think about selling some of it for a moment and keeping it for the long term? Maybe the partial selling method will be very useful in these conditions, so from the sale you can use it for the next decline. It all depends on how you apply the trading method. Because basically holding longer will be much more valuable, consider the Bitcoin that you hold as a gem, where one day you will find it difficult to get it back at the current price.

From everything OP said, it's safe to assume that he is a more of an invest than a trader. So he doesn't buy/sell more frequently; instead he holds Bitcoin long term and alts short - mid term with an aim to sell them when their prices go up then majority of those profits will flow into buying Bitcoin regardless of the price at the time he set out to buying since he's just DCA-ing.

While this is a good strategy, I'd prefer to sell anywhere close to the top and rebuy later with DCA at a lower price. In the past I've seen people multiply their Bitcoin holdings by just selling near top and buying lower. Of course, it's easier said than done but it's worth giving it a shot.

Fesatmas

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Why be in such a hurry and end the sale there? Are you tempted by the uptick that is happening and don't think about selling some of it for a moment and keeping it for the long term? Maybe the partial selling method will be very useful in these conditions, so from the sale you can use it for the next decline. It all depends on how you apply the trading method. Because basically holding longer will be much more valuable, consider the Bitcoin that you hold as a gem, where one day you will find it difficult to get it back at the current price.

LittleBitFunny

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Quote from: yat97 on July 31, 2021, 03:55:18 PM

Maybe I wont care if bitcoin keeps going up. Maybe one day just 0.02 btc or maybe 0.04 if I can put more in before the percentage of dollars to btc becomes so far off everything is negligible. maybe one day it wont matter if you cant own an entire coin. maybe 1mbt will be like what 1 whole bitcoin is today, or even just 1 satoshi will equal 1 dollar and I'll be a millionaire in that way. Or maybe my kids will be idk.

When the price of Bitcoin was below $1000, people could not have imagined that at any one time it would cost $10,000. when it reached $10,000, there was a lot of debate in people's minds as to whether the price could reach $20,000 at all!
The current value of Bitcoin, people could not even imagine in 2017. The price of Bitcoin has been rising continuously, avoiding everyone's perception. If you buy some bitcoin now, it will be safe insurance for your child. Future generations will be users of electronic currency, and Bitcoin will dominate the electronic currency.

20kevin20

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Quote from: CoolerSid on August 01, 2021, 11:41:30 AM

You also did not notice at what point in time it became prestigious to own exactly 1 BTC?

I think it's always been "prestigious" to own BTC. I remember there was a thread here in which someone wanted to auction thousands of BTC for a few bucks and nobody thought it'd be worth it. This is what people still think even today..

sapnu

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I don't think it is necessary that we keep up with the price movement of bitcoin, instead we should know how we can follow through on every adjustment it is making. If the value is going down, obviously you do not need to lower down your investment, instead you should maximize it specially if it is a hard dip. On the other hand, if the value is rising and you have a good holding at that moment, then it is very much clear that you were able to keep up. Always mind what are the things you can do to mix in with the adjustments as you adopt each new price that bitcoin is having.

finaleshot2016

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It's very stressful to see red percentages in the market, but that's normal; the simple explanation is market volatility, and if you look at the past charts, it'll still recover. You must have faith in the asset in which you have invested; have faith in BTC; he will grow as he deserves.

Quote from: yat97 on July 31, 2021, 03:55:18 PM

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins. In the hopes doge pumps again. next time if it gets to just 50 cents I'll sell half and convert to bitcoin maybe. same with the others. I mostly am just holding ADA, KSM, XMR, VET. If they can pump up at higher percentages, maybe, I can keep up with the average investor maybe.

Actually, mate, you're on the right track with crypto investments, and you don't need to be concerned about how long it will take to make a profit because the coins you've mentioned have potential. I've done some research, particularly in ADA, and I believe ADA is simply waiting for the BTC price increase to do the same.

The Cryptovator

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Are you losing faith in Bitcoin? Otherwise, why are you wondering to move into altcoin? Just be very careful. The same mistake is done by me a couple of years ago and my altcoin hasn't recovered yet even Bitcoin played well. If I just hold my Bitcoin rather than move into altcoin then I would be a millionaire today. My one mistake destroyed my dreams. Till today my holding (altcoin) has not recovered. Even I can't move from it because it's just worthless if I sell now. I am not your financial advisor, but as a forum mate, I will suggest sticking with Bitcoin. But yes, if you are well experienced then you may take short sometimes. A wrong selection would destroy your dream.

cotton ball

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actually not impossible, but you are too afraid of risk, you are too long-winded, it is true before we go any further it would be nice to think first, but don't think too long, other people have taken advantage but we are still afraid of the risks that come , the point is that other people can, why can't we, that's the principle that we must hold on to, continue to believe, and believe we can.

CoolerSid

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Quote from: 20kevin20 on August 01, 2021, 03:49:49 AM

That's the thing: you don't need to own a full Bitcoin. That's just a dream so many people have but it's pretty unrealistic. Remember, you can own even 1 satoshi. Nobody forces you to own a full BTC to be considered a Bitcoin investor.

Yeah, the price goes up almost constantly every few years. That doesn't make it a "problem" to begin with - in fact, there's a very good side to it if every time you buy the price goes up, lol!

You also did not notice at what point in time it became prestigious to own exactly 1 BTC?

Kontibruno

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Quote from: yat97 on July 31, 2021, 03:55:18 PM

With bitcoin going up in price. To eventually own just 1 bitcoin. I've been buying periodically over time... I'm no where close.

For me, this is the best approach. There is no need to invest all you own at once in a bid to increase the quantity. What I do is to add a little more whenever there is a dip. I don't have heavy funds to invest heavily, so I try to use strict risk management guidelines.

Topic: I feel like there is no way to keep up - page 2. (Read 512 times)