Invest in bitcoin and forget the investment - page 4.

GreatArkansas

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Quote from: Onyeeze on September 30, 2023, 06:20:01 AM

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Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

This is easy to say but difficult to do especially if you are a beginner and you are just worried about your investment, from time to time you check the price of Bitcoin, checking the charts just to make sure your investment is still safe.
But as time goes by I can say that you will get used to be about this process.

bayu7adi

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Quote from: dumbymamby on October 11, 2023, 07:17:38 PM

It's a good idea to buy bitcoin and forget about it for a few years. But keep the bitcoins in a safe place, especially if we store them for a long time. Don't keep it on an exchange so you can monitor it directly.

But we don't know when bitcoin will rise. Maybe by the end of 2024 there will be an increase.

It is essential to securely store the wallet's key phrase when holding Bitcoin for the long term. In some instances, individuals forget to create backups, leading to unfortunate scenarios where they lose access to their assets. Given the "buy and forget" concept mentioned by OP, ensure you do not forget your key phrase.

We cannot predict when issues might arise with our devices or the applications we use to store Bitcoin. A stolen laptop or a sudden hard drive failure can become a significant hassle when trying to access important files and applications. Without the key phrase, the chances of encountering difficulties with the recovery wallet used for Bitcoin storage also increase.

bitterguy28

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I have some part of my investment that I act like this , I believe had been staying in my wallet for more than a year now I cant say how much the value now but I know how much when I start putting it to my Ignore funds.

Maybe this is how good we must treat Bitcoin if we really trust Bitcoin , in the past halving I made a mistake when i constantly checking the value and then when i thought it is the highest then I sell them all.
But now I know how to deal and not taking any amount in that particular part of my investments.

Forgetting our small part will not hurt our total funds so lets have some of it in our ignore money .

Quote from: Pingrapole on October 11, 2023, 08:12:55 PM

Bitcoin is a place of trust where investing will not make a profit

wait, but how could you say this? sorry but I think you get bitcoin wrong here.

Pingrapole

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Bitcoin is a place of trust where investing will not make a profit Not so for those who have invested in Bitcoin They forget because they are Sure that The credibility of Bitcoin that will make a profit is that its price is constant This is why there will be a large price change in the future Therefore, if you invest now, you will benefit in the future.We are very much benefited by your valuable opinion which will help us to invest more faithfully agree with you.

Marvell1

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Quote from: AmoreJaz on October 11, 2023, 07:19:05 PM

Quote from: dumbymamby on October 11, 2023, 07:17:38 PM

It's a good idea to buy bitcoin and forget about it for a few years. But keep the bitcoins in a safe place, especially if we store them for a long time. Don't keep it on an exchange so you can monitor it directly.

But we don't know when bitcoin will rise. Maybe by the end of 2024 there will be an increase.

not totally forget, but at least you are keeping tabs with the market. we can never be sure even if it is bitcoin. though the adoption is continuously increasing, we won't exactly know its future.
but among these cryptocurrencies, btc is a very good candidate when you are thinking of long-term investments.

Watching the market means we are also watching bitcoin price so this is not strategy as the OP is suggesting. Furthermore, any investment has risks and once you have accepted to invest in bitcoin, it means you are willing to lose that money. So why are you still afraid something bad will happen, meaning if bitcoin plummets you will sell it? Early adopters were successful because they bought bitcoin and forgot about it for a while because they knew if they watched the market constantly they would have to sell it.

AmoreJaz

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Quote from: dumbymamby on October 11, 2023, 07:17:38 PM

It's a good idea to buy bitcoin and forget about it for a few years. But keep the bitcoins in a safe place, especially if we store them for a long time. Don't keep it on an exchange so you can monitor it directly.

But we don't know when bitcoin will rise. Maybe by the end of 2024 there will be an increase.

not totally forget, but at least you are keeping tabs with the market. we can never be sure even if it is bitcoin. though the adoption is continuously increasing, we won't exactly know its future.
but among these cryptocurrencies, btc is a very good candidate when you are thinking of long-term investments. and one thing to remind yourself is how secure is your stash? as hacking tools are getting sophisticated, you also need to upgrade where you are storing your satoshis.

dumbymamby

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It's a good idea to buy bitcoin and forget about it for a few years. But keep the bitcoins in a safe place, especially if we store them for a long time. Don't keep it on an exchange so you can monitor it directly.

But we don't know when bitcoin will rise. Maybe by the end of 2024 there will be an increase.

Shishir99

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Quote from: Onyeeze on September 30, 2023, 06:20:01 AM

Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

Even though it's a pretty good suggestion, I don't think anyone will be able to do that. You cannot forget your investment. Especially if it's a smart amount of money. It's true that people buy physical assets and they don't check the price of their assets every day. But Bitcoiners used to check Bitcoin prices every day. Especially if they are active in the crypto market. If you are someone who does not check crypto forums and do not engage in other crypto community, you may buy crypto and then forget about it. But as I mentioned above, If you are someone who talks in Bitcointalk every day, do you think you will be able to forget about your investment?

Rupok

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It will be a good option for those who like to invest long term. The method most of the investors observe is that anyone who invests in Bitcoin now will make profit during bullrun. Invest and forget is not a bad idea, but it is for long term investment but those who invest in short term they may not like this option. But investing and forgetting is not as easy as one might think. Because when bitcoin price goes up anxiety works in many people and again when the price goes down just when the volatility works that's why many people can't forget.

Dr.Osh

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Well, investing in Bitcoin, then forgetting about it is a very effective method to increase investment. Many people do that. In fact, we know that there are some people who completely forgot about their bitcoin investment and lost the private keys they had, and until now they have not received them. I read the news that they lost millions of dollars. Yes, this is the negative side if we don't save the PK that we have well, but it is proof that this method really gives us a very good impact if we really succeed in doing it.
The problem is, it is very difficult to forget about the investments we have, especially if we can control them. As far as I understand, if we focus on an investment, then we will really pay attention to the price of that investment, and that makes us uncomfortable. I've also seen my friends do this, and I've also tried it myself. Even though it can be considered savings, or a long-term investment, automatically, we don't want the investment to lose its price, and end up being afraid when the price dumps. However, it is an effective method when we can actually do it.

Y3shot

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Quote from: Cryptomultiplier on September 30, 2023, 03:28:08 PM

It is good advise to invest in Bitcoin and just forget about it till you actually want to remember, but the issue is how to endure the process of achieving this feat.

Enduring the process is not difficult if one really understands the market, when their is no patience it is always very difficult to invest in bitcoin. If understands bitcoin, and don't bother about the investment it is very easy and possible to make investment and to be successful in it.

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Also, the fact of buying the Bitcoin at once is good but can you really afford it?

You just need to afford what you can , you don't need to force yourself to afford what is more than your budget.

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Remember also that not your keys, not your coins, incase during the forgetting period, hackers get their way into your wallet or you don't know your phrases anymore.

That is why when investing bitcoin you don't need to hodl your bitcoin on exchange wallet because it is not safe anything can happen at anytime. The best wallet for hodling Bitcoin is the non custodial wallet.

HONDACD125

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Quote from: Texac on October 04, 2023, 11:40:53 AM

Quote from: HONDACD125 on October 04, 2023, 11:26:14 AM

Quote from: Onyeeze on September 30, 2023, 06:20:01 AM

I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

There is no doubt that the next bull season that everyone is waiting for will bring good profits in Bitcoin. Investing in Bitcoin is a wish of every person but becoming a billionaire in Bitcoin is not that easy, because to become a billionaire it will require a huge amount of money to invest in Bitcoin. Which is impossible for small investors to invest such huge amount. If the value of Bitcoin 4x from here, you can imagine how much capital you would need to invest in Bitcoin to become a billionaire.

Even if bitcoin increases 10 times, we still have no chance of becoming billionaires unless we have hundreds of millions of dollars to invest in bitcoin. Bitcoin is not a tool to help us get rich quickly or turn us from a poor people into a billionaire in a short time.

Quote from: HONDACD125 on October 04, 2023, 11:26:14 AM

Quote from: Onyeeze on September 30, 2023, 06:20:01 AM

I'm expecting the price of bitcoin to rise in 2025 and 2026 so any investment in bitcoin should be expected till next two years or three years time. Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

I think Bitcoin price is expected to increase more in 2024-25, because Bitcoin halving will happen in April 2024. The bull season usually starts six months to a year after the halving, so a pump in Bitcoin price is very likely in late 2024. We should invest in Bitcoin but don't forget it too much, because whenever you get a good profit exit the market with profit. Be sure to set your sell target in the same way that a buy target is set.

When the bull season comes, you can take profits and wait for the bear season to reinvest. I don't think exiting the market after making a profit is a good idea. the market is giving us a good opportunity to make money, why do we exit it after making a little profit? we will not find a second market as good as this one.

The purpose of exiting the market after taking profit is that you cannot reinvest when the market is going up, because we have no guarantee how much the market will go up. We should wait for the fall again, so that we can buy again at a lower price. We analyze and estimate based on our experience and knowledge to achieve our profitability.

Our main objective is to make profit. Once we take a profit, re-entering can cause losses. Hence it is necessary to exit the market. The crypto market continues to fluctuate. Therefore, one should not worry about exit, but should look for another opportunity. Of course, cryptocurrency is a very good market, but it does not mean that we will not exit it.

Ricardo11

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Of course, after investing in Bitcoin if we don't touch it at all, we can expect much better. Because Everyone knows this, by 2025 to 2026 bitcoin price will rise above 120k. Again it could be before 2026. For example, if we invest in Bitcoin now, forget about it for two to three years, we can achieve great success.

royalfestus

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Quote from: Finestream on October 03, 2023, 04:57:31 PM

Invest in bitcoin and forget it later on is actually a very profitable strategy when you want to invest without being bothered how its price will pump or dump in the next days. Otherwise, if you keep on thinking about your investment and would be more aggressive with your profits, yes you can still be profitable but not in a way that brings big satisfaction on you. It will only push you to be more greedy which I think is very unsafe when you are investing. Instead, forget your investment and act as you don't care about its daily price, until you finally realize that bitcoin has reached another all time high and it's time for you to sell and make exceptional profits.

This advice resurfaces whenever a bull market is on the horizon. I've personally found it to be quite toxic and misleading. Based on my cryptocurrency experience, I consider this advice to be a poor decision that ultimately leads to regret.

letteredhub

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Quote from: Onyeeze on September 30, 2023, 06:20:01 AM

Bitcoin investment, this is the opportunity for someone who wants to invest in bitcoin to invest in bitcoin without looking back, because anyone that invest in bitcoin now will make a profit during bullrun, the price of bitcoin is fluctuating and it does want to up since the price has being to twenty six thousand [26] is over one month or less than one month the price is being unrotational for price, I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.
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The opportunity for profit making in bitcoin invest without having to face the challenges of risks is to delve into a long term bitcoin investment. It's a secret that comes with peace of mind. And people that would be investing now do have the opportunity of benefiting from this next bullrun that will be putting bitcoin price into another ATH and that's why the sooner anyone interested and invest invest now the better the profit.

Been a billionaire by way of investing in bitcoin is tremendously dependent on when you invested and how much you invested too. Those that invested since 2009 and where mentality strong and patient to hodl till now depending on what amount they invested from that period till now there is every chances that they could have turned billionaires, particularly for those people in countries where the local currency value is very low when compared to the dollar value.

GbitG

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Quote from: sokani on October 03, 2023, 12:41:04 AM

Quote from: Onyeeze on September 30, 2023, 06:20:01 AM

Bitcoin investment, this is the opportunity for someone who wants to invest in bitcoin to invest in bitcoin without looking back, because anyone that invest in bitcoin now will make a profit during bullrun, the price of bitcoin is fluctuating and it does want to up since the price has being to twenty six thousand [26] is over one month or less than one month the price is being unrotational for price, I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

There's no better time to invest in Bitcoin than now. The bear season is always an opportunity to buy and hold for the bull season to kick in. A wise man is someone does not procrastinate, he sees an opportunity and grabs it with both hands. Early this year bitcoin price was sitting at $15k but look at where it is now, but this is just the tip of the iceberg. There's no bottom, so there's no point waiting for the price to drop further, you can buy a lump sum and hold or be doing DCA and gradually be increasing your holding.

My mate told me exactly the right time to invest in Bitcoin regarding his post: prudent is the one who invests in Bitcoin now and soon seizes it by making it part of his portfolio. Because if we look at the market from a technical perspective, the month of September has often performed very poorly in the all-time history of Bitcoin according to the price of Bitcoin. In some years, a little bit has been good, but generally at a low price. So it is a requirement of wisdom that if someone wants to book profit, he should emphasize more on investment in the month of September, apart from other months. So this time again, those who have grabbed the opportunity and made some investment will definitely be in profit, because if we look at the sentiment of the market, we can see an improvement in the price of Bitcoin. And apart from that, bitcoin halving is also approaching, so it is a better opportunity to invest by diversifying our portfolio under DCA.

So that's why I don't think that bitcoin will give you the opportunity to buy at a low price in other months, like September? So don't be late; make a hurry for investment to grab a bitcoin at a lower price and just hold it for halving to make an insane profit.

KiaKia

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You really can't forget that you invested in Bitcoin, even if you just turn into a long-term holder you are already buying at an expensive value, you can only buy and look away if you invest money that you won't mind looking back at, but even $1000 won't turn you into a Bitcoin millionaire tomorrow, so to become a millionaire with Bitcoin you need to invest a lot of money too.

There are going to be some good times for taking profits, make sure you are at least tracking Bitcoin value, because you can miss the best time to sell if you are not watchful, you can definitely decide to buy and forget but you will have more Bitcoin when you sell at the top and you can also use that to buy more Bitcoin when the value dump again which I believe it will.

There is one thing that I like about Bitcoin, even if there are forks in the future, your 1 BTC stays 1BTC and you can layer claim forks later ( like bitcoin cash ) and you will end up with 1 Bitcoin on each chain. Holding long-term without looking back is good and safe if you can keep your private keys, there are no worries about the coin turning to nothing in the future like most altcoins used to.

Marykeller

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Quote from: Onyeeze on September 30, 2023, 06:20:01 AM

I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

The way I'm looking at next bullrun am thinking that the bullrun will be something that will push bitcoin price to approach hundreds thousands [100] for the price, but people will not invest now.

Many of us aspire to become billionaires in the future by investing in bitcoin. But given how expensive bitcoin is right now, not all of us have the money to do that in the upcoming bull run. The only thing we can do is invest the little money we do have and hold out for the upcoming bull run, which is predicted to begin in 2025 or 2026.

The amount an investor invests in Bitcoin will decide how rich they become, which is something every investor should keep at heart while considering their bitcoin investment.

Texac

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Quote from: HONDACD125 on October 04, 2023, 11:26:14 AM

Quote from: Onyeeze on September 30, 2023, 06:20:01 AM

I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

There is no doubt that the next bull season that everyone is waiting for will bring good profits in Bitcoin. Investing in Bitcoin is a wish of every person but becoming a billionaire in Bitcoin is not that easy, because to become a billionaire it will require a huge amount of money to invest in Bitcoin. Which is impossible for small investors to invest such huge amount. If the value of Bitcoin 4x from here, you can imagine how much capital you would need to invest in Bitcoin to become a billionaire.

Even if bitcoin increases 10 times, we still have no chance of becoming billionaires unless we have hundreds of millions of dollars to invest in bitcoin. Bitcoin is not a tool to help us get rich quickly or turn us from a poor people into a billionaire in a short time.

Quote from: HONDACD125 on October 04, 2023, 11:26:14 AM

Quote from: Onyeeze on September 30, 2023, 06:20:01 AM

I'm expecting the price of bitcoin to rise in 2025 and 2026 so any investment in bitcoin should be expected till next two years or three years time. Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

I think Bitcoin price is expected to increase more in 2024-25, because Bitcoin halving will happen in April 2024. The bull season usually starts six months to a year after the halving, so a pump in Bitcoin price is very likely in late 2024. We should invest in Bitcoin but don't forget it too much, because whenever you get a good profit exit the market with profit. Be sure to set your sell target in the same way that a buy target is set.

When the bull season comes, you can take profits and wait for the bear season to reinvest. I don't think exiting the market after making a profit is a good idea. the market is giving us a good opportunity to make money, why do we exit it after making a little profit? we will not find a second market as good as this one.

HONDACD125

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Quote from: Onyeeze on September 30, 2023, 06:20:01 AM

I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

There is no doubt that the next bull season that everyone is waiting for will bring good profits in Bitcoin. Investing in Bitcoin is a wish of every person but becoming a billionaire in Bitcoin is not that easy, because to become a billionaire it will require a huge amount of money to invest in Bitcoin. Which is impossible for small investors to invest such huge amount. If the value of Bitcoin 4x from here, you can imagine how much capital you would need to invest in Bitcoin to become a billionaire.

Quote from: Onyeeze on September 30, 2023, 06:20:01 AM

I'm expecting the price of bitcoin to rise in 2025 and 2026 so any investment in bitcoin should be expected till next two years or three years time. Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

I think Bitcoin price is expected to increase more in 2024-25, because Bitcoin halving will happen in April 2024. The bull season usually starts six months to a year after the halving, so a pump in Bitcoin price is very likely in late 2024. We should invest in Bitcoin but don't forget it too much, because whenever you get a good profit exit the market with profit. Be sure to set your sell target in the same way that a buy target is set.

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