Topic: Missed out on bitcoin, please make me a plan now - page 2. (Read 646 times)

^ You have a lot of questions and they will already be answered by someone else here. But I want you to hear my opinion about this.
That is the right decision, never put all your eggs in one basket which is a common decision of those investors who want to get profit at once just for profit.
Nevertheless, good traders will always have a plan, you can always stick to the plan whatever happens to you because sometimes emotional habits will drag us down too much and won't get recover.

Thank you for these thought too! I think I'll pass for now as I simply don't have the time to study enough. But maybe in the coming years, who knows. Right now I'm trying to get a grasp of the very basics of the crypto world and there's still other things going on that require time too.

Great thoughts again, thank you!! I don't expect anyone to know how things go, but these pieces of information coming from people who are in a whole other world with these is just terrific. I'm modest with possible expectations, a large net would've been nice but I started so late it's unlikely. Then again I like to make "extra" money work so in 20 years it can be three times more (including inflation). So that's long term planning   

No problem, no one is a fortune teller, everything is a risk. Remember and keep in mind something very important, in the crypto world Bitcoin is King, as long as Bitcoin is in a bullish trend in some way all altcoins will follow it, because Bitcoin has a life of its own, however any altcoin will not always depend on Bitcoin.

If the price of Bitcoin falls, mostly altcoins bleed very fast and in a big way. If you look at some other currencies when bitcoin falls and others suddenly rise, it is because they most likely survive the pump and dump, it is very common. This is learned every day, I would like to be an expert, what I tell you is how little I have learned, the best books that I recommend are those by Livermore and Wyckoff, many times the trading academies only focus on technical analysis and the Technical analysis is something more focused on chart figures, indicators, which is not bad, but it is better to do a technical analysis when you better understand the market, when you realize that the market moves by whales, by emotions, than many times a Big fundamental influence, is red-hot speculation.

If you have already put your money in Crypto I hope you make a profit, but set goals, that is, set a profit, be it 10%, 20%, 30%, and do not bet more than you have.

As you are a newbie here, looks very interested in new knowledges and has some experience with investments already, I would like to tell you can also invest bitcoins to earn passive extra income over them, so you don't rely only in bitcoin pumps to make profit. There are some of these investments being promoted on this forum such as FreeBitco.in which pays about 4% annually (paying about 0,01% daily). There are also casino bankroll investments which allow you to invest at the *house side* against the players, generating profit on long run, as the casino makes profit. And much more.

Disclaimer: not everyone here agrees about investing bitcoins, because there are risks involved even though the sites are reputable for years already. So you need to be very aware about the risks such as losing your entire funds, before making your final decision.

I just would like to present you this possibility for educational reasons. Good luck in your bitcoin journey!

Thank you!! First of all I want to say I mentioned the amounts at first as I felt it could help with getting suitable ideas for my purpose. But that was just an example sum to start with. But you're right, it'd been better to put whatever I've put immediately. That's just typical to human nature to be worried there's a price drop coming right after you've invested the money. On the other hand a bigger problem was that I didn't have my Ledger yet and wanted to have my money spread to several exchange services. I was also learning everything from stratch so at first I was scared if the money would actually come through. And then it got dificult to get some accounts opened. So all in all I feel I couldn't have done it very differently.   

Thank you also for the ideas! I've definitely need to get to these things one day and keep the book you mentioned in mind, I'm sure it'd be very useful. But I have to be honest, I'm too far behind crypto specialists and I can't dedicate all my time to this. That's why I'm planning to keep things simple, but add a bit of gambling. For me this means:

- Bought some Bitcoin at a higher price, but reserved money for dips. Long term.
- Bought less, but still some Ether. Long term.
- Have put a bit of money to some smaller ones that look interesting and am planning to put some more. For me this is pretty lottery, though I've tried to read and watch some videos to know a bit about the names that have been popping here (Litecoin, Poladot, Ripple, Aave, Cardano, a few smaller ones). These ones I don't have a plan with. The amounts are fairly small so I guess I'll keep an eye on these and cross my fingers    

   


 
     

First you have to be clear about who you want to be? If you are a market speculator or an investor, you can clearly be both, but before entering the crypto market, read about the market, read books that educate you, investing is the most viable path, but if you want to speculate in the market with the rises, Cryptocurrencies falls that require greater knowledge to go to the line of least resistance, just as Jesse Livermore did.

I recommend any book by Jesse Livermore, they are totally applicable to the Crypto market, it would have been a good moment if you would have bought those 25k Euros the same day you published, because there is already a new ATH today, you would be winning, although I do not recommend buying at maximums Take into account the movements of Bitcoin, and when you understand the market you will know when to enter.

Thank you Quidat! Valuable thoughts again. I think I'll hold on to what I've got and add some more depending on the dips.

This crypto thing is a very interesting world, but boy it's been tough and still is. Obviously all hot wallets take a piece of the bitcoins, so having them stored there for a few days is costly. The amount I have isn't much compared to many others, but still enough that I don't want to lose it         

Even pros or veterans into this market would really be having a hard time on trying to find out on whats the possible bottom price this is why when you do tend to go for long
term then entering on the current price wont be an issue but i do agree on the suggestion that it would be more worth if you do enter on possible low price rather than on this
current new Ath levels which it seems that there would be some serious correction soon to happen.

Thank you so much JeromeTash! I've been kind of forced to buy some during these days, but the price is running high at a crazy speed now. I think I've got enough and I'll try to get some more at dips. I usually don't have this fear of missing out, but this time the circumstances were exceptional and I felt I'm ready to take the gamble. At least I managed to get my stock mainly before today's latest rise.

If I want to add I could consider putting a bit to Bitcoin ETFs, not for the same purpose as Bitcoin as I'd probably sell them if the price gets high enough. And I believe stop loss could work with them to some extent. And if the value crashed I could utilize the negative sum in taxation.



   

I would feel guilty if I advised you to buy Bitcoins right now especially if you are planning to hold them. It would look like so sort of FOMO (fear of missing out) and this can be catastrophic at times especially if you ended up buying shortly before the price starts dumping

So the best piece of advice I can give is that wait for an opportunity and buy the dip and make much more gains with less risk. Opportunity is always there with Bitcoin so don't let FOMO set you up into a trap.

Me again     All is fine with Binance, working again and my balance is back. I just got to know it'll take until next Tuesday to get my Nano S. Maybe I should transfer some cryptos to a hot wallet.

1. Is there a specific service you would recommend?
2. How are the fees calculated, I mean do I pay a lot if I transfer money to the wallet and then from there to the Ledger next week?
3. I'll now start reading and watching videos, but it'd be just lovely if some of you could give me quick advice on how to move crypto to the wallet. I'll start with Kraken, but general tips would help a lot too.

Thank you again! 

Thank you very much DarkIT! As I wrote I'm a newcomer so I just love to hear thoughts from you guys.

I have to say one more time the way you guys have written and basically consoled a newcomer like me has been truly fantastic. I'd like throw a party and include all of you, but as it's not possible I just say humble thanks to all of you!

I've been in a few other (maybe sports related) forums and while I personally don't have problem with others I've never encountered this. Now I won't repeat myself, just wanted you to know that I've been, yeah kind of touched by this attitude and help. 

I'm sorry for using this same thread, it's just that I'm all new to these things and today I just started using Binance and suddenly it looks like all the money's gone. I'm scared as shit already and now this  I thought I had to be hacked (though I tried to do everything as carefully as possible), but obviously there's something going on with Binance. Quite a timing as I'd just started today, I hope it'll be fine and my money is safe. 

GUYS HELP PLEASE!!!!


I started exchanging in Binance today and had a pretty big amount there. Now I can't see any signs of money/bitcoins. First I didn't see it in the wallet, but for a while saw it when trading crypto. Now that shows 0 as well.

The binance website shows following:

Deposit not credit due to system issue, withdrawals not available now. Wallet overview shows 500, transfer abnormal, IOS login abnormal. All noted and IT is working on it, please wait.

I'm on que to customer service, it's #1328 so I guess there's something going on. Does this mean the problem is in Binance and I maybe haven't somehow lost my money? Sorry I'm a newcomer.

Now it's hard to inverse in bitcoin. I had seen many exchanges, their the buying price of bitcoin was increased to huge and even in website like localbitcoin. The traders had increased the price of selling their bitcoin. So if we buy now, we are forced to buy at high price. Just hold at this situation.

And thank you for this kind message too! Basically I haven't been doing too bad on the finance side, due to me being very careful with using money, hard work, and taking the slow way of investing into flats. But I wouldn't mind a quicker way to get some extra 

As I wrote in another message there's bigger things than money in life anyway.


But hey guys, do you want to explain me why you think it's good to put some money into ethereum as well? Somebody said I should just put it all to Bitcoin, but I've put maybe 15% to ethereum and can put some more if needed. If Bitcoin rashes (to some extent) does Ethereum crash as well (typically) or does it first keep increasing as people move their money towards it?

And then, if I invest small amounts (say 50-500) to a few cryptos are some of these ones that could have potential for a vast increase in the future?

Polkadot
Ripple
Litecoin
Aave
Cardano
(Bitcoin cash)

What do you think is the best time to buy these, wait for a potential slump or buy from dips now? THANK YOU AGAIN!

 


   

Thank you! What's past is in the past anyway. I know it was a great chance, partly missed, but after all it's just money and I'm not doing too bad anyway. Now it means my risk is higher as I've still invested some money, but so be it.

During the last year there's been at least two cases (near accident and one health related scare) when I realised I'd give all my money and whatever I have for a positive outcome in those. Fortunately they went well, but that reminded me that while money certainly helps there are more important things in life.

Again such kind words, thank you for these messages! Sorry I reply a bit late, again managed to forget this in the middle of everything and chasing dips, if you can call them such at these prices    Yeah, life goes on. I've now put enough money to feel I'm involved to some extent, still looking for some dips (missed one terribly today and now it's going 1000 dollars higher).

Somebody wrote to me that he thinks I should concentrate on Bitcoin and not invest in Ethereum. I believe this guy comes from the stocks side. However, I've read a lot of interesting things about Ether so I would love to hear your thoughts about this. Also do you think the risk/price ratio might favour Ether now that Bitcoin is so high? And if Bitcoin crashes (to some extent) do you think Ether will then raise for a while? People move money from Bitcoin to it?


       

Don't make an excuse for being late, it was not on your plan either as you are focusing on the real estate investment. Because if you just see Bitcoin's potential, you are actually leaving your old stuff and switch to Bitcoin but, you never saw it.

Actually, you are not the only one having this, many new investors are in crypto, and maybe, most of these people are also struggling in the past, ignoring Bitcoin but for now, they have realized it. And this is the openness we do, we can't simply ignore the name Bitcoin now as it was really on the major talks anywhere.