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Topic: Investment in bitcoin (Read 886 times)

hero member
Activity: 1358
Merit: 538
paper money is going away
June 03, 2023, 03:44:52 AM
I don't think Bitcoin investment can make us develop reasoning on how to expand our income.  I believe we already acquire that reasoning before we invest in Bitcoin, and is the reason why we are investing in Bitcoin.
Indeed, that is true, and that is precisely why many individuals are achieving success in Bitcoin investments nowadays. It is because they exercise thoughtful consideration before entering the realm of Bitcoin. One's prior investment experience and market analysis techniques play a significant role in the outcomes they attain when investing in Bitcoin.

For some, investing in Bitcoin may be the result of their thoughtful reasoning and rationale. However, there are those who develop such reasoning and rationale after they have already invested in Bitcoin. This often happens to individuals who experiment with investments, and coincidentally, Bitcoin happens to be the first asset they become acquainted with.
member
Activity: 392
Merit: 31
June 03, 2023, 03:00:01 AM
Is it your belief that profiting from Bitcoin is a straightforward task? Bitcoin investment is a common topic of discussion, including for myself. However, in reality, we are purchasing a highly unstable currency that can experience both significant drops and increases in value. Thus, in the event of a price drop, one may suffer substantial losses. It is essential to recognize both the positives and negatives of Bitcoin investing. Failing to do so could lead to financial ruin. To generate profits from Bitcoin's volatility, you must master risk management.


yes indeed in investing in bitcoin that must be prioritized is
extensive knowledge and insight, plus experience.

and in my also opinion what should be prioritized in investing in btc is that we must learn about risks and must be prepared for risks because investing in btc is very risky.
legendary
Activity: 2842
Merit: 1253
Cashback 15%
June 02, 2023, 06:38:21 PM
Some people who became big bitcoin investors became it as a result of holdings.

The deeper reason is the trust they give on the future of Bitcoin.  Anyone won't be holding Bitcoin if they don't believe on its potential.  So I think the reason why people become big bitcoin investors  is because they believe that bitcoin will have a better value in the future thus holding them for a long term will give them more profit.

Investment in bitcoin can makes you developed reasoning on how to expand your income

I don't think Bitcoin investment can make us develop reasoning on how to expand our income.  I believe we already acquire that reasoning before we invest in Bitcoin, and is the reason why we are investing in Bitcoin.
hero member
Activity: 854
Merit: 1246
June 02, 2023, 06:07:19 PM
Investment in bitcoin can makes you developed reasoning on how to expand your income,
Op how? Bitcoin investment is like the way we invest in other businesses. The only different I can see is the value. Bitcoin has more value than those of Gold and other assets. So I don't see investing in bitcoin is giving more reasoning to human beings to earn more income. Op please teach us how to go about it. I am interested to learn such expansion of reasoning through bitcoin investment. The time calculation is of the main reasoning on bitcoin investment. You to know the time to invest and the time to reap.
full member
Activity: 783
Merit: 108
June 02, 2023, 03:01:47 PM
If you enter the market at a favorable time, holding Bitcoin or other cryptocurrencies for a long time can give you substantial profits. As bitcoin has experienced a lot of significant bull runs in the past anyway, which in turn offers significant benefits to early adopters and long-term holders. But it's impossible to be certain that holding can be a profitable strategy anyway, so spreading your investments across different assets and applying the right risk management techniques can help minimize potential losses and optimize your overall portfolio.
hero member
Activity: 784
Merit: 615
June 01, 2023, 04:44:12 PM
Patience is an important thing in long-term investing if we still don't master it it will be difficult to do long term because in every other news it will become panic and make them fail to hold the bitcoin they have been wanting for a long time, sometimes with FUD news has been affected a lot because it seems that fundamentally they are not yet who they are, so they will not get the maximum profit in a long period.

As there is a saying, if you can hold on long term then you will be a winner.

I only see it from a trader's point of view, is to get profits with small percentages and this is in the short term, there are still many traders who do this but need discipline and not be greedy, when there are increases or decreases when buying back at the base price.
So from this, the decision must be unanimous from the start because it is indeed with the condition of bitcoin that has great risk and with market conditions that are unpredictable things like this are possible to happen so that with conditions like this we must be absolutely sure of what we are doing.
Many people feel unsuccessful and tend to sell their bitcoin even in losing conditions due to their uncertainty in this regard.
Whereas if from the start they realize that this is a place that is indeed high risk and nothing is certain to be in bitcoin they will realize that a process like this must be taken and will continue to hold on when they are still in a losing condition.
Many people still say that invest in bitcoin when you can afford to lose and indeed that expression can be true and needs to be examined thoroughly so that things like selling when we lose do not happen.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
June 01, 2023, 04:31:21 PM
Gradually bitcoin Being established. It's Popularity increasing day by day there has no confusion. Also increasing It's usability. It’s field spreading regularly. So anyone can easily tell bitcoin is best for investment. And it is very safe for investment. If anyone invest on Bitcoin he/she will gain, thats means he will must benefited must today or tomorrow. If anyone want to invest in cryptocurrency i will suggest him to invest on Bitcoin. Because it will best place for investment for all.


I completely agree with you that Bitcoin investment can be a great investment but I would like to add one thing that in Bitcoin where the risks of loss are very low, the profit rate is also very low.If Bitcoin double in value, there are plenty of good altcoins out there that can give you 20x and even 50x profits in the meantime.It is true that the risks of loss in altcoins are high, but the profit rates are also very high.

Therefore, in my opinion, youths should be encouraged to invest in other best altcoins along with investment in Bitcoin so that they can get good profit from there as well.I don't say to invest all your capital in altcoins but you should invest a small part of your capital in altcoins.

Depends on where do you compare bitcoin with before you can say that their profit rate is very low because the profit rate can be really unpredictable depending on the situation that will arise around the globe that will make people flock towards bitcoin. But if we compare it against altcoin, then yes, you are indeed correct about that because the risks are low compared to altcoins while profits are low compared to altcoins.

Newbies have the freedom to do what they wanted as they are still on the phase of exploring what is cryptocurrency and what could it give to their lives, they can always start with bitcoin yet they can also start with altcoins while diversifying their portfolio by investing in bitcoin and others in every profit they make.
hero member
Activity: 1624
Merit: 791
Bitcoin To The Moon 📈📈📈
June 01, 2023, 12:04:45 PM
Many long-term holders have made significant profits during bull runs and subsequently diversified their investments into various areas.
Being able to hold your coins for long term after buying at a low price means you have good patience and that makes the difference between a successful trader and one who is not. But this can be a learning episode for many traders who are new to the market, if they observe the charts they will realize this and eventually have the guts to hold through a cycle.

Hence investing in bitcoin needs not just the money from our side but some skills like patience, ignoring the background noise and diligence. Most traders lack one or two but they can make it up if they try.
Patience is an important thing in long-term investing if we still don't master it it will be difficult to do long term because in every other news it will become panic and make them fail to hold the bitcoin they have been wanting for a long time, sometimes with FUD news has been affected a lot because it seems that fundamentally they are not yet who they are, so they will not get the maximum profit in a long period.

As there is a saying, if you can hold on long term then you will be a winner.

I only see it from a trader's point of view, is to get profits with small percentages and this is in the short term, there are still many traders who do this but need discipline and not be greedy, when there are increases or decreases when buying back at the base price.
full member
Activity: 823
Merit: 104
June 01, 2023, 12:02:48 PM
Spreading your investments across different asset classes can help reduce risk and potentially enhance returns, rather than just focusing on bitcoin. It is wise to consider a range of investment options that fit your financial goals, risk tolerance, and time horizon. So carefully consider each investment opportunity, consider the risks involved, and understand your investment goals. Also, don't be too focused on making money; prioritize your health and personal happiness. So plan your finances accordingly and enjoy life.
legendary
Activity: 2828
Merit: 1213
Call your grandparents and tell them you love them
June 01, 2023, 11:23:08 AM
Many long-term holders have made significant profits during bull runs and subsequently diversified their investments into various areas.
Being able to hold your coins for long term after buying at a low price means you have good patience and that makes the difference between a successful trader and one who is not. But this can be a learning episode for many traders who are new to the market, if they observe the charts they will realize this and eventually have the guts to hold through a cycle.

Hence investing in bitcoin needs not just the money from our side but some skills like patience, ignoring the background noise and diligence. Most traders lack one or two but they can make it up if they try.
newbie
Activity: 3
Merit: 0
May 15, 2023, 11:53:12 AM

Absolutely! Investment in Bitcoin can be a great way to develop your reasoning and expand your income. Many long-term holders have made significant profits during bull runs and subsequently diversified their investments into various areas. Some venture into mining, trading, or physical businesses. However, it's important to note that holding Bitcoin, regardless of its current price, can be a beneficial strategy. Holding onto your investment allows you to capitalize on potential future growth. In fact, many successful Bitcoin investors attribute their success to long-term holding strategies.
hero member
Activity: 1582
Merit: 690
May 11, 2023, 02:46:58 AM
Investment in bitcoin can makes you developed reasoning on how to expand your income, most people who do holdings for a long period of time makes enough money at every running of bulls price and they begins to diversified their investment into different places. Some expands to mining, trading and physical business but when you eat you investment at every little price increase or drops you tends to remained statics, holding is a good option no matter the current price.
Everyone must have a financial plan that will continue to be improved in several ways and bitcoin paved the way for anyone to continue to make profits according to the approach taken. However, don't think too quickly that bitcoin can bring someone richer, especially if you only rely on very small capital to invest.

If you are one of the people who has skills in business and mining it is good to be upgraded there, but there are also many things that you have to learn because taking care of business and mining is much more difficult.

Some people who became big bitcoin investors became it as a result of holdings.
Long term holders will always be winners in bitcoin, there are lots of ways you can keep holdings growing over time, because in the end how much do we really have and how do we collect?
full member
Activity: 826
Merit: 135
Tontogether | Save Smart & Win Big
May 11, 2023, 02:27:05 AM
Gradually bitcoin Being established. It's Popularity increasing day by day there has no confusion. Also increasing It's usability. It’s field spreading regularly. So anyone can easily tell bitcoin is best for investment. And it is very safe for investment. If anyone invest on Bitcoin he/she will gain, thats means he will must benefited must today or tomorrow. If anyone want to invest in cryptocurrency i will suggest him to invest on Bitcoin. Because it will best place for investment for all.


I completely agree with you that Bitcoin investment can be a great investment but I would like to add one thing that in Bitcoin where the risks of loss are very low, the profit rate is also very low.If Bitcoin double in value, there are plenty of good altcoins out there that can give you 20x and even 50x profits in the meantime.It is true that the risks of loss in altcoins are high, but the profit rates are also very high.

Therefore, in my opinion, youths should be encouraged to invest in other best altcoins along with investment in Bitcoin so that they can get good profit from there as well.I don't say to invest all your capital in altcoins but you should invest a small part of your capital in altcoins.
full member
Activity: 862
Merit: 100
May 10, 2023, 06:49:12 PM
Investment in bitcoin can makes you developed reasoning on how to expand your income, most people who do holdings for a long period of time makes enough money at every running of bulls price and they begins to diversified their investment into different places. Some expands to mining, trading and physical business but when you eat you investment at every little price increase or drops you tends to remained statics, holding is a good option no matter the current price. Some people who became big bitcoin investors became it as a result of holdings.

Investing in bitcoin is a good decision but I think invest in your extra money because bitcoin price is not stable. If you invest in bitcoin make sure that you can hold it for a long time to make sure that you can get a good profit. Bitcoin is the most popular in the world of crypto that you can invest and you can make money from it in the future.

There are many ways you can do this if you are investing in Bitcoin until now. One way is to sell your valuables to be able to increase in the future with an increase in Bitcoin, but this can only be done by people who have a consistent level of patience.
hero member
Activity: 532
Merit: 508
Leading Crypto Sports Betting & Casino Platform
May 10, 2023, 05:24:15 PM
Everyone is expecting the halving. I'm curious, has anyone considered the scenario where bitcoin won't hit ATH after the halving? I mean, history won't repeat itself and will be broken. What will people do next? The future is unpredictable, and anything can happen, I think in addition to expecting history to repeat itself, we should also have a plan for that worst-case scenario.

Well, I think I have had such thoughts in my mind before, but what can we do then? Even if there is no ATH after the halving, we hope we can still see a big spike or uptrend in the market. But investors must also be prepared to accept it in good faith if the ATH doesn't come. I still believe there are people who will not sell their Bitcoin if they see $100k, so there are people who will not be moved by whatever the price is by then.
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
May 10, 2023, 04:36:26 PM
Some people who became big bitcoin investors became it as a result of holdings.

Having been a trader who day traded for several months, before deciding to start holding some of the coins I bought, I can honestly agree that more than 90 percent of those who become whale in crypto achieved that status by holding..

Not like to say that trading is bad, but it's majorly for some quick profit, anybody looking to really become big in this space but learn to invest and hold for long term..
full member
Activity: 574
Merit: 140
Chainjoes.com
May 10, 2023, 04:20:02 PM
Gradually bitcoin Being established. It's Popularity increasing day by day there has no confusion. Also increasing It's usability. It’s field spreading regularly. So anyone can easily tell bitcoin is best for investment. And it is very safe for investment. If anyone invest on Bitcoin he/she will gain, thats means he will must benefited must today or tomorrow. If anyone want to invest in cryptocurrency i will suggest him to invest on Bitcoin. Because it will best place for investment for all.
hero member
Activity: 1554
Merit: 877
May 10, 2023, 03:34:30 PM
Indeed, whether in business or investing, diversification is something we should all do, not just focus on one thing that would be very risky. Currently, I have my main job outside and spend the rest of my time researching financial markets. I am betting most of my fortune on bitcoin, and if all goes as expected. I mean, we will have ATH in 2025, then I will sell all my bitcoins, then I will open a small business to expand my income.
Although my income from my main job and investment is very stable, I still don't want to stop. Because life is unpredictable, I think it's better to prepare while we can.
No longer talk good or bad but more on the need to diversify before doing anything to maintain finances, everyone who is not a day trader must have another job besides investing. Today I don't stake all my wealth in bitcoins and I prefer to put it in a few places to grow even more, for example building a business, buying land as well as gold. But regularly I also try to buy bitcoins according to the adjusted amount, because for me buying bitcoins is an obligation that must be maintained consistently.

Because when our source of income is not used in a more productive place, it is the same as saving in a bank, because the money we save is unproductive and does not provide profit in the short term or in the long term. Choices like what you do are also very good, which is trying to place in bitcoin so that you get the maximum profit when you reach the next ATH.
hero member
Activity: 2240
Merit: 579
Leading Crypto Sports Betting & Casino Platform
May 10, 2023, 08:27:30 AM
Diversification is an important thing when it comes to big money, and when we are trying to build capital from small investments, it may involve certain risks, such as putting all our savings into one type of asset.

Many of us hope this works, bitcoin is still very young and it can definitely go through a few cycles before it becomes much more stable and not so interesting to invest. But for now, bitcoin still has a very good potential, and perhaps not only until 2025, but also for the subsequent cycle.

My bottom line is that the more expensive it gets, the slower its price will go up, but that might help its adoption.
I feel like that would not be an issue because I still think that it will beat inflation in the future. Which means even if it gets 100x higher than this, which would be 3 million dollars and we all know that will take some long time to reach and we won't get there anytime soon, even in that situation it will beat inflation.

This is why I keep saying that we should always look for the one that is changing it in a way that will make it work for a long time, there is no other option to go with here. Just keep buying bitcoin more and more, keep buying, keep holding, keep doing that for decades. Do not invest to get rich overnight, do not think about getting rich quickly, that's not the point, if you want to risk that then put a small amount into alts, but keep buying bitcoin for decades and retire rich.

Decades is a very long time for one person, I think there is no need to accumulate bitcoins and hold them for that long. Our life is very short, don't just be greedy for wealth but forget to enjoy life because in old age, having a lot of money doesn't mean anything.

Another thing is that the target of $3 million per bitcoin is too high, I don't think that will happen. If you want to fight inflation, then as long as every bitcoin reaches 500k, we can deal with inflation without worry.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
May 10, 2023, 07:22:18 AM
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But for now, bitcoin still has a very good potential, and perhaps not only until 2025, but also for the subsequent cycle.

My bottom line is that the more expensive it gets, the slower its price will go up, but that might help its adoption.

The 2025 bull season is almost certainly possible, but I'm also wondering what happens after that. When the government begins to intervene in the market, I fear the volatility and hype will slowly fade away. The stock market and the foreign exchange market are regulated by the government, and we can see they are not too volatile.

If you want bitcoin to be accepted and popular worldwide, you have to live with strict government regulations and controls. No property is widely adopted without regulations attached. As for me, I don't like regulations.
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