My passion on bitcoin - page 4. | Bitcointalksearch.org

komisariatku

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Quote from: dzungmobile on August 02, 2023, 07:35:48 AM

Do Dollar Cost Averaging (DCA) will help you to gradually accumulate bitcoin but won't be affected too much by short term price movements. You will have less emotional, psychological effects on your decisions if you apply DCA method for your investment.

dcabtc.com

Thanks for the link you attached. I don't think we really need to rush into buying bitcoin with all our money, buying it gradually will help us analyze price movements. Sometimes I worry that after buying bitcoin the price will drop sharply, when we still have money then we can buy again when the price of bitcoin is lower than the previous purchase

Quote from: dzungmobile on August 02, 2023, 07:35:48 AM

You can trust Bitcoin as its quality and security are already verified but with altcoins, many of them have yet been verified or tested enough so you must be more careful if you are thinking to invest in altcoins.

Yes, I agree with you, I would never advise anyone to hold altcoins long term. However, for short-term trading activities, altcoins sometimes provide more profit, of course, with the same risk. For altcoins, maybe I only believe in ethereum, but still if I had to choose, I would choose holding bitcoin over eth

Razmirraz

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Since a few years ago Bitcoin has received recognition from great people about the advantages it contains, many people have made huge profits from their trust in saving money in Bitcoin. Your awareness of Bitcoin can help you avoid inflation, the money you save in Bitcoin will have a positive impact on you when you have exchanged it.
I think you are aware of the risks that will occur if the price of Bitcoin collapses after you buy, the best decision will lead you to the level of success in investing in Bitcoin. Patience will lead you to a profitable exit, don't panic easily when you are in a declining value, believe me there will be the best time that can bring big profits after market turmoil occurs.

rat03gopoh

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You have good principles with this choice I think.
Because bitcoin is decentralized, volatility is simultaneously uncontrollable. Anyone should have other reasons when choosing bitcoin as an asset more than just the price. Bitcoin can also be disappointing if you only see it from one perspective. More importantly, however, bitcoin is a payment instrument.

CryptoHeadlineNews

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Quote from: Solokan on August 02, 2023, 06:46:52 AM

Indeed, fiat currency is always subject to inflation, but BTC investment is of course very risky, because we will not know the price of btc in the future, so in my opinion in this case we only invest money in BTC using idle money. but of course the decision is in the hands of each.

Categorically speaking, all cryptocurrencies are risky in their respective ways, but when it comes to level of risk, I will say that Altcoins are more riskier as compared to Bitcoin due to it's high rate of volatility. Moreover, with the right tool and analysis, the future price of Bitcoin can be predicted, as it's not rocket science, since we have got day traders who do this and still making a good decent amount of money from day trading Bitcoin.

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Quote from: Riginac111 on August 02, 2023, 05:56:30 AM

My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.

You don't have to worry about that, as it's among the things you should think less of. Things I would have wanted to see you consider are security—how you can secure your holdings very well without losing access to them for the time being for which you might have planned to hold them; it's not just about buying; it's also about how secure you can keep them safe till your time of selling; what wallet is to be used; and all of that. Those are the things I wanted you to be concerned with and ask for recommendations about.

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If i have another financial opportunity I will wish to invest more capital in bitcoin because it is a decentralized currency

Are you only investing in Bitcoin because of its decentralized nature? If that is the case, you have really made the best choice on the right coin that truly has that, but you should also consider some other use cases for it, like investing in it like an asset, seeing it as a store of value, or a means of exchange, and all of that.

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Nobody loses in Bitcoin as long as you are a true holder, and you have a strong belief in its potential, your shares maybe be down but if you have the patience and you invest with money that is allocated for Bitcoin investment only there is nothing to worry about, as long as you see how it is adopted and it's being used by many people.

Like you, I'm also looking for an opportunity to add more to my Bitcoin investment it's one year to go before the halving another round for a huge profit.

Eternad

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Quote from: Riginac111 on August 02, 2023, 05:56:30 AM

Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin, and when you think of sending money to people outside the country first thing that will come to your mind is to use Bitcoin. My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.

You don’t need to be encouraged to have a loss if you want to invest on Bitcoin since you will never faced losses if you will never sold your holdings. Yes you might experience temporary loss/ paper loss but this losses will not gonna be realized if you will not sold. Being positive on your investment at all time will make you more encouraged to keep holding for greater price instead of focusing on your losses or accepting losses.

Losses is really part of investment but we are talking about Bitcoin here with a proven steady price growth so losses is very minimal if you are strong hands. Wink

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Quote from: Riginac111 on August 02, 2023, 05:56:30 AM

I'm so passionate on bitcoin since I made research of bitcoin I have being excited in bitcoin and I'm not regretting that I invested in bitcoin with my second saves, its good to read articles containing bitcoin information before deciding to buy bitcoin I have read and I have regret, myself I assured myself that I have not make a mistake by investing in bitcoin, because bitcoin now is what that helps so many arms of people to escape inflation rates in their countries, everywhere you go its all about investment information you will obtain of bitcoin.

Everyone is now pre-inform than ever, the guy who doesn't care about inflation then has now looking for alternative ways to guard their worthless and I'm happy you have taken the good route of starting bitcoin as an investment. Having Fiat is not enough to even pay bills because there is an increase of price everywhere and the common man has not got an increase in their paychecks and salaries, it is traumatizing but keeping your money in Bitcoin is one of the ways to avoid such things. Though, it is not guaranteed as a safe haven for the safety of your investments because of the volatility.

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Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin, and when you think of sending money to people outside the country first thing that will come to your mind is to use Bitcoin. My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.

If i have another financial opportunity I will wish to invest more capital in bitcoin because it is a decentralized currency

Edited corrected by @Upgrade00, thanks sir

Learning is a continuous process

Learning without a guide gives room for many errors but if you are serious about your research, trust me many of them can be avoided. The more we live, the more we learn about bitcoin, you never know one day what the price of bitcoin will say, instead of having regrets, I will rather hold with the same beliefs even when others don't have the same interest as you do, just keep buying at every opportunity of price drop. Cool

Broadanbig

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Quote from: Riginac111 on August 02, 2023, 05:56:30 AM

its good to read articles containing bitcoin information before deciding to buy bitcoin.

It is nice you admitted to the fact that reading and having knowledge of what you want to invest in is good to keep you on the safe side. As an investor, it gives you guidelines to follow and also knowing the right time to invest in such project. Bitcoin is not left out as you can see lots of articles and blogs on Bitcoin out there. lt is not a hidden fact anymore. There are also YouTube videos in which you can watch and get more insight into Bitcoin.
When you read, you equip yourself more on potentials and what to see in the cause of waiting for your investment to grow so as to take profits.

Reading makes you more knowledgeable and learned to situations while exposing you to things you have no much information on.

Quote from: Riginac111 on August 02, 2023, 05:56:30 AM

what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin

It's massive adoption is going on and it would get to a point that wether government approves of it or not, her citizens would be trading on Bitcoin. Till it get to that point the government would have no option than accepting and making Bitcoin legal in their various countries.

dzungmobile

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Quote from: komisariatku on August 02, 2023, 07:24:38 AM

I am glad you are interested in bitcoin and willing to do some research on bitcoin before deciding to invest in bitcoin. I suggest you to buy bitcoin gradually to see the price movement of bitcoin.

Do Dollar Cost Averaging (DCA) will help you to gradually accumulate bitcoin but won't be affected too much by short term price movements. You will have less emotional, psychological effects on your decisions if you apply DCA method for your investment.

dcabtc.com

Quote from: AHOYBRAUSE on August 02, 2023, 07:19:29 AM

Anyway, can can all benefit from bitcoin and crypto, even though many think the opposite. Let's keep trusting and investing in it and hope for a bright future!

You can trust Bitcoin as its quality and security are already verified but with altcoins, many of them have yet been verified or tested enough so you must be more careful if you are thinking to invest in altcoins.

Table for Dollar Cost Averaging Returns with many altcoins.

komisariatku

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Quote from: Riginac111 on August 02, 2023, 05:56:30 AM

If i have another financial opportunity I will wish to invest more capital in bitcoin because it is a decentralized currency

I am glad you are interested in bitcoin and willing to do some research on bitcoin before deciding to invest in bitcoin. I suggest you to buy bitcoin gradually to see the price movement of bitcoin.

You are also smart enough to see the risks that might occur in your investment. I think now that bitcoin has a logical price and maybe it's a good time to buy bitcoin. Hopefully you have a plan for holding bitcoins for the long term, as it's easier and doesn't require as much analysis. You only need time for bitcoins to reach $100,000. We believe bitcoin will have that price in the next few years

AHOYBRAUSE

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I wish everyone would have your mindset, then we could all sleep better knowing bitcoin can only rise and not drop, that would be great.

When I was new to all this I was thinking the same, put a lot of energy into it and hoping to get rich. Grin

Now, some years later, I am still in the same state of my life, haha. The big push in crypto is still not as much as I want it to be.

Anyway, can can all benefit from bitcoin and crypto, even though many think the opposite. Let's keep trusting and investing in it and hope for a bright future!

TravelMug

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Quote from: Upgrade00 on August 02, 2023, 06:03:36 AM

Quote from: Riginac111 on August 02, 2023, 05:56:30 AM

because bitcoin now is what that helps so many arms of people to control inflation rates in their countries,

Bitcoin cannot control inflation rate, that's what your government policies are put in place for. Bitcoin can help you escape inflation rate by using it as a hedge fund.

Quote from: Riginac111 on August 02, 2023, 05:56:30 AM

My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.

It will last for many more years. A verifiable protocol which is decentralized and deflationary has the potential to outlive even the current financial system.

Yes, it is said that technically bitcoin can be mined till 2140, but we don't know if it will still incentivize miners.

In any case, bitcoin can be treated as currency, or store of value and what the majority is doing, used it as a investment vehicle and obviously for us to make some profits if we are going to hold on it.

As far as global adoption though, it might take a slow process. We don't even have the exact numbers on how many people around the world it into bitcoin right now.

Aanuoluwatofunmi

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Quote from: Riginac111 on August 02, 2023, 05:56:30 AM

Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin,

I hope you're not investing on bitcoin because others are, you need to have the understanding of why you should invest, where to invest and for how long should your bitcoin investment remain with you on hold, there's also needs to have the background knowledge of how to maintain a security network within the bitcoin network by ot exposing yourself to the people to attack or scam you, not alone with that, you also needs to keep learning to get yourself updated on what's going on in bitcoin network each day and don't overconfidenced yourself as well.

Solokan

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You're in high spirits, this is a good thing, and if you think investing in btc is a good thing, that's fine as long as you know the risks of investing in btc and accept the risks.

Indeed, fiat currency is always subject to inflation, but BTC investment is of course very risky, because we will not know the price of btc in the future, so in my opinion in this case we only invest money in BTC using idle money. but of course the decision is in the hands of each.

Upgrade00

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Quote from: Riginac111 on August 02, 2023, 05:56:30 AM

because bitcoin now is what that helps so many arms of people to control inflation rates in their countries,

Bitcoin cannot control inflation rate, that's what your government policies are put in place for. Bitcoin can help you escape inflation rate by using it as a hedge fund.

Quote from: Riginac111 on August 02, 2023, 05:56:30 AM

My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.

It will last for many more years. A verifiable protocol which is decentralized and deflationary has the potential to outlive even the current financial system.

Riginac111

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I'm so passionate on bitcoin since I made research of bitcoin I have being excited in bitcoin and I'm not regretting that I invested in bitcoin with my second saves, its good to read articles containing bitcoin information before deciding to buy bitcoin I have read and I have regret, myself I assured myself that I have not make a mistake by investing in bitcoin, because bitcoin now is what that helps so many arms of people to escape inflation rates in their countries, everywhere you go its all about investment information you will obtain of bitcoin.

Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin, and when you think of sending money to people outside the country first thing that will come to your mind is to use Bitcoin. My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.

If i have another financial opportunity I will wish to invest more capital in bitcoin because it is a decentralized currency

Edited corrected by @Upgrade00, thanks sir

Learning is a continuous process

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