Topic: I feel like there is no way to keep up - page 4. (Read 512 times)

You can invest in other tangible assets also not only in crypto like real estate or jewelry. You can also slowly buy small pieces of gold jewelry, and you know for sure they have value in the market. If I may advise, don't go all in in crypto. Because we don't know the future here, though we are seeing positive vibes but one advanced technology and this may go obsolete. Who knows? So if you can also spend some in tangible assets, that for me is better and will give you peace of mind that if something goes wrong here, you still have something to turn to.

You should also understand that the value of all currencies fluctuate.  You only notice the value of bitcoins changing because you’re viewing against a metric of a baseline currency i.e the USD.  If you had a chart that plotted the value of the dollar with bitcoin as the baseline, you would see those changes the same way.

You don't need to feel that way, of course it's better if you have bought it the sooner, but think about it, those who bought early in the beginning of bitcoin dump it and now regretting for doing that. So in the next ten years, you don't want to be that person. Yes, everyone has a goal to get to at least 1 BTC, I know it's hard but you have to keep accumulating through the years. Just stacking sats like every month will do. So best of luck.

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.

Maybe during the time of that days Bitcoin price regardless of high or low won't always be talked like something that hasn't happened before, I don't think at everytime the price meter of Bitcoin changes it should be a unexpected, I know many of investors -basically newbies- may run their investment in accordance or in-hand with the price of Bitcoin, this is basic inexperienced thing to do, if the knowledge is not there, so are their experienced investors who knows best about how anti-planing the price of Bitcoin can be.

One of the popular piece of advice is to only invest amounts that you can afford to lose; Going all into Bitcoin sounds very novel, with dreams of getting multiples of your investment, but there's a level of risk to it. Your risk could pay off in the long run, but as an investor, regulating your level of risk is very important.

Buying and holding  Bitcoin seems a better approach.

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.

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... I'm no where close. If bitcoin reaches 100k or higher, it will be more than double the time, then, if it keeps going higher. lets say goes to 200k, then bear market back down to 100k. well unless I get a job that pays decent.. it seems impossible. I already spend literally everything I have leftover, aside from rent, utilities, food, etc. you know. Like. My main source of entertainment is just crypto news videos.

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.

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.