Topic: Keep depositing Bitcoin and set a goal for holding. (Read 685 times)

Those critics would turned out to be supporters and this had been always that become a casual thing on this market because there are people who are really that having no knowledge on what Bitcoin is all about or simply doesnt have the idea on what it is and making up some direct conclusions that its bad or something a shit thing but on the time or moment that they've seen its utility and potential or into the price or value on where it do able to reach on something that we didnt really be able to expect. This is why those bearish people or critics do turned out to be bullish at the moment or time that they've seen something which is really that opposite on what they have believe. Tons of people had been totally shocked on how far Bitcoin did able to achieve.

As for speaking about investment goals or plans then it will really be that up to you on how you will be handling it out. We do have our own personal set ups in regarding into the investment that we are dealing on with. The key on here is that you should be setting out that limitation on how much you do invest. Always consider out that risk management because there's no assurance that everything will really be that getting in line on what you had anticipated. On the time that you will be having that decision on holding up for long term then its not a bad option to do such thing. There are ones who do deal up with short term trading on which they will really be the ones who do actively dealing up with the moving price. Its really that too hard to consider such skill and not all will really be able to do it.

I don't know if you noticed, but I posted about it on Bitcoin Discussion the day Bitcoin hit the 100k+$ ground running. But I won't comment on him like that now because that was many years ago, his current thinking may have changed. If you explore his profile in the present, you will understand where he is moving and what he is talking about.

I saw his profile now. He says his words differently. Maybe his previous words seemed logical to him at that time because Bitcoin's situation was not that good at that time. Maybe his current thinking has changed, although BTC is surpassing what he said.

Yeah. People are changing their point of view as time passes by. They can see the growth of Bitcoin. It's been over a decade and Bitcoin is still here. When Bitcoin pumps a lot, some people say it's a balloon that will burst soon and will never be the same again. The crypto market has a bear season and some of those critics were smiling silently thinking they were right.

But Bitcoin proved them wrong again and again and again. This will continue to happen and some of those critics will switch their position in the future. I am not worried about it. Michael J. Saylor and Donald J. Trump are the examples.

While I do not expect all of them to do that, but some people do switch and that should not be all that bad and we are going to see this not changing for the long term neither. It's usual that there will be a lot of people who will flip and be investing for sure.

Honestly, we shouldn't really consider others neither, just invest and accumulate and make as much money as you possibly could, that way you would know what you are doing and wouldn't really be bothered at all. I can see why this could be a big deal, and I can see why things could change, but at the moment I would see that it is going to be a bigger deal on the long run, that's the most important part. I believe in this and just invest and accumulate and ignore everything else.

You made a very valid point and I think everything that you said is correct. We should keep on investing in Bitcoin but we should also be taking some profits when we have them to enjoy some profits as we can not be hodling all our life and be living in poverty when we have some Bitcoin that can be sold for us to have a better life than what we are receiving. Buying at the right time or being capable of targeting the market to make the right calls is not something that is easy to achieve. Investing without having goals in mind of the profits that you want to realize at the end of your investing period is wrong. We should already know when we want to buy and at what price we want to start taking profits so when this time comes we ignore what others are saying and execute the plan.

For a person who is never optimistic with bitcoin, he will dare to criticize it and leave words that may convince its audience. And that's also his point of view.

While bitcoin is a nonsense to others, it's a treasure for us who are always positive with bitcoin and the brighter future that lies ahead. So let's stick to our goal. Bitcoin is the future, so we must continue buying even through DCA and benefit on its profits in the end. What's significant will only matter to us, and ignore those insignificant ones.

He is a man to follow - and surely, some other big guys and companies would look with interest at what he does with MS.
 
Surely, he can create a bit of bullish fuzz here and there, but that is why we have X.

It will take time. I do not expect all critics to become a Bitcoin fan suddenly. Bitcoin has been proving them wrong for a decade now and will continue to prove them wrong. Probably some people will always oppose Bitcoin because they don't understand it. They think this is an internet scam. But we should let them think whatever they want. You cannot really force anyone to impose your beliefs on them.

The only thing we could do is, try to make them understand how it works. We don't have to convince anyone. I won't start namecalling someone even if they oppose Bitcoin. No one should do. Everyone has their rights to think whatever they want.

or he probably already bought some and his skepticism maybe an attempt to fud and get BTC at cheaper price.

there was many skeptics back then and some of them already turning their stance and instead supports bitcoin now, unbeknownst by the masses, they themselves have been hoarding BTC.
i wouldn't be surprised if he has some stash of BTC in his portfolio.

but one thing for sure, current BTC price is a proof, that peter schiff or any BTC skeptic out there, is wrong in their speculation.

Peter Schiff is not an exception. He can always say bad things about bitcoin, and make a FUD on it, but in the end, he will always stay as a loser if he won’t ride with bitcoin success, while other bitcoin critics have been silently investing in bitcoin already.

For all of us, never rely on other people’s words and wisdom. We have our own perspective in every aspect including bitcoin, so we should stick to it, and not become a robot and follow what every bitcoin critic has to say.

We also say to Peter Schiff: "Keep the delusions of your dreams with Bitcoin exceeded $100K and start towards a new summit that is further." My dream is to see his face now.

This is the difference between a man who is unable to read the future (Peter Schiff) and a man like Michael Sailor, who managed to extract the future and bought bitcoin long ago and he still does so until now after the price rose above $100K, As I heard that he bought a new batch of bitcoin above $103K a few days ago.

But there is a huge difference between our grandparents and parents and people like Peter Schiff or Warren Buffett. They are the world's leading economists and investors, they have extensive knowledge of economics and investment fields, even have advisors in many different fields. I believe they understand bitcoin very well but the problem is they don't believe in it. Meanwhile, our grandparents were not as lucky as them, most of them were just ignorant people so it is understandable that they do not understand bitcoin.


But in the end, none of them are at fault and deserve criticism because each person has different views and thoughts. No matter how good they are, they are still human and making a few mistakes in life is inevitable.

Similar to my grandparents. When I told them it was actually possible to make money online and I could do a job online by staying home, they did not believe me. They thought I was lying until they saw I really made some pocket money and some other people actually working from home. Especially during the covid pandemic, they come to a realization that it is possible actually.

I am not blaming them. I am just stating the fact. Sometimes people's egos are bigger than everything. Even if they realize that they were wrong, they don't want to admit it. They want to prove that they are right.

The price keeps rising, those are optimistic words for bitcoin and seeing how now the price of bitcoin remains stable above the price of $100k amazes me,
because from then on my first target was the ATH of Bitcoin to $100k and now it has been reached.

This is certainly very crazy in my opinion, because Bitcoin was able to reach $100k,
even when I sold some of my bitcoins a few years ago for $2k I felt like that was a very high price.
But when looking at now, $2k is a very cheap price and maybe if I had held more till date, I would have become a millionaire from Bitcoin.

At the $100k price level which is the highest point reached, this will be a strong foundation for bitcoin to reach ATH again,
some correction and price consolidation is indeed a natural thing as it is indispensable to reach a higher price.

Buy at the right time by looking at the chart whether it's time to crash or not and then sell at a high price or according to the target price.
But I just want to say "Don't be a lifelong holder, enjoy it when the main target is achieved because you are investing to make a profit".

I am sure that he will cause bitcoin to go up, even if he wants to or not. Being in an economic warfare with many parts of the world, will make USD weaker, that's the consequence of being in a war, after all he will be putting up American economy against other economies, and even if he wins, and other currencies goes down even harder, that doesn't mean USD won't neither, it will, so the only thing going up will be bitcoin.

It's the best thing that ever happened to bitcoin as well, because if Trump could get the greenlight, he will definitely make a bitcoin strategic reserve as well, and that will be a great thing for them without a doubt but also a great thing for us because when they buy bitcoin, that helps us as well.

from the look of things bitcoin price will continue to increase only thing that will make the price of Bitcoin to decrease is a negative information from the market or from a popular country that can influence bitcoin price, so for Bitcoin price to hit 100k it is obvious at the price will ascertain another level of price so this is the beginning even though Bitcoin price hit 100k and the later reduces in price that should be a sign of correction so for me on my understanding of Bitcoin if you have the opportunity to buy and hold until anytime you feel like to say it is better for you to hold Bitcoin for now

Apart from the ones I bolded, all other explanation are true.  Although there is truth to what you said about the aged persons being more anti bitcoin as you said is not true. But I will also like to let you know that it's not only oldies are anti bitcoin but the youths are also a part of it.  I could remember working with some of my close friends when I never knew much about bitcoin but I a had the passion to know more about bitcoin. After telling them about it, they told me that I preached about bitcoin everyday that what have I achieved from bitcoin that I believe so much in bitcoin?  That except the see results they wouldn't invest. I understood 2 things why toking people also fall to the category of the anti bitcoin is because

1) the want to see results before investing.
2) they are ignorant and lazy and lack the ability to do research but want a quick way of making money.

You can't really blame most of these people for being anti bitcoin in the first place. If you check very well, you will observe that most of these anti bitcoin people are mostly the elderly people (aged ones). You will hardly see young people who are anti bitcoin. Those born in the 40s, to early 70s. They were really finding it hard to understand how bitcoin works, because the system was entirely new to the way they understand how money use to work. They were too glued to the fiat system. Their age was really making it impossible for them to comprehend it. Even Satoshi Nakamoto knew that there will be people like them. So those of them that were once anti bitcoin, but has now turned bitcoin supporter, must have really sat down to study about bitcoin or hired tutors and advisers, who has thoroughly explained everything about bitcoin to them. And there is nothing stopping an anti bitcoiner to become a bitcoin supporter.

Before we start, we must know that the market is volatile and it does not mean that we will go with the flow too like we change our psychology often but it's better to be stable, so that we can think clearer and do better things. If in terms of strategy, some might still have a plan b, in case the market go against with their main plan.

As long as we are doing well, this is only fine. Not all those who change their plan has the same goal because what if they are planning to quit already? Maybe it is true that they already suffer losses and this is one of their reasons for quitting but I think this is better than if these losses grow. There are just people that are not built for some thing, you know.

In fact, the future of Bitcoin is actually going to be much more valuable, Trump will be sworn in on January 20th, and he recently said that they are going to do something great with it, and they want to be ahead of China or other countries.
That is, after Trump is sworn in on January 20th, he will focus on crypto, the positive attitudes of governments towards crypto and Bitcoin can have a much more positive impact on Bitcoin in the future.
Currently, the acceptance of Bitcoin is constantly increasing, and if other country accepts it positively, Bitcoin will definitely continue to be much more valuable.
The future of Bitcoin is much brighter, so those who are continuously buying Bitcoin in DCA are going to benefit a lot in the future.