Topic: Please, I urge you to buy bitcoin! - page 3. (Read 1573 times)

No one can hold it forever, that is logically not possible because everyone will have to sell their holdings at some point, besides, what makes you think people will keep holding when they see the price has reached as high as $200k per Bitcoin? And that isn't even near $1m. So, it's not possible for people having or holding bitcoins right now to keep holding them until their price reaches $1m sometime in the distant future.

The market goes high, old people will sell, new people will buy from them, they hold until next time the market goes up, they sell again and new investors will buy from them, that is how the market works and that is now it grows. So, the holders will always keep changing, and even if they don't they will have to sell and buy again later on.

I suggest that you set the prices you want to buy or sell in a few moments before you want to buy. I usually stick with what I have set for myself and I rarely don’t change it no matter how crazy the market becomes.

I don’t think of ‘what if’ questions like what if what I had invested in was not enough or maybe it’ll rise more. Just go buy at your own pace and everything shall follow.

Don't  doubt everyone because for sure there will be strong hands that willing to wait till that comes as we have
witnessed some old holders from bitcoin valuing 2 digits and keeps their holding upto now so what more those who
can wait till it reached 7 digits?  itmay take a long time but when others carry waiting for 14 years now so what
more the another 14 years left?

The 8 billion people are too large a number to agree on a thing, even a million is an issue. There will be disparities among such a large number so I will not pretend on that here. Aside from that, I think we should live in the present and not in the future, especially when the future is too outrageous. Bitcoin reaching a $1,000,000 price is too outrageous to me and I wonder what the world leader would be looking for Bitcoin to reach that inflationary level, this will cause another issue for it if care is not taken. Have you ever thought of the reason why Gold has such a huge market capitalization but maintains a low price? It's because it was well-planned from the beginning, unlike Bitcoin which was just structured by Satoshi. A lot of things related to economics were not planned but just for it to continue to increase in price and people make more money, just because of the way it was structured.

Gold was compressed but Bitcoin was never compressed, and if it is reaching a too high level, you might see some regulations in that regard. That's by the way. One thing I will continue to consider before I can believe that Bitcoin will reach a far high level like that is for it to first breach $100,000 and hold above. Then $150,000, and $200,000 and $250,000. If the asset can do that consistently, then I might begin to believe that it can reach $1,000,000 in a matter of time, maybe in decades. But for now, I would like to live in the present reality and not in my dream world. I even wonder where it will gain such a huge liquidity to achieve that huge climb.

1 btc could be $1 million but that would be a long wait, doubt anyone would have the patience to hold until then. But for those who are patient enough to hold Bitcoin until then, it will definitely be good and profitable. I myself encourage everyone to invest in Bitcoin for the long term if anyone has the ability to invest for the long term.

Is it even possible? I mean, can 8 billion people understand anything? Or agree on anything? I'm not sure about this. But if, by some miracle, that happens, the price of 1 BTC can be indeed over $1 million, as some optimists predicted years ago. Those who seemed crazy even by some members of this community will turn out to be right. To be honest, I personally can't wait for that to happen.

Millions or even thousands of people can still accumulate purchases even though bitcoin is very limited.
People will definitely ask if the number of bitcoins available is limited so that everyone can buy, but we forget that there is a sales process carried out on different sides by other people.
The fact is that not everyone believes in bitcoin because the life we live has different sides of understanding. Even though bitcoin is now one of the best assets, there are still many people who don't understand it. People who see this as the best step will try to take advantage of the slightest opportunity and they will never stop trying to accumulate when they have the opportunity.

Why do people go into Bitcoin investment with setting up an emergency fund or a form of reserve to take care of expenses and emergencies when they arise, because surely emergencies will arise in the long run and without the availability of an emergency fund, one's Bitcoin holdings would be the only option available, and when one always run to their holdings to sort out other expenses, the value and strength of your holding would drastically become weaker and this isn't good for investment.
People should always prioritize setting up emergency funds to avoid scenarios such as this.

Without taking risk one can never be successful so one should invest according to one's ability to lose and if held for long term there will be no risk of losing but good results will be obtained. Considering the ups and downs of the past few years it is easy to see that opening a short or long position to trade in the volatile price of bitcoin can be extremely profitable. And more profitable than investing yourself. As bitcoin embarks on another bull run profit opportunities will be high.

You are right, one should invest according to the ability to lose. People do it, don't they, they want a profit on any investment. There are people who come to invest with their only assets. Crypto currency world is risky, if you can do proper analysis then you can get big profit from it. Bitcoin is very valuable, it is increasing day by day and expected to increase in the coming days. Bitcoin investment should have a specific plan or fixed time frame so that you can get good success in future.

The total supply of bitcoin is currently capped at 21 million, the demand for bitcoin has grown dramatically and so does the value, so yeah the law sure does apply to Bitcoin.
There's every possibility of Bitcoin becoming even more difficult for people to access in the future which will potentially lead to a premium price liquidity, just as you've stated.

Now is the best time to start buying and HODLing as much as one can, given the potential future scarcity of Bitcoin, this is especially for investors who are actually considering the long-term trajectory of Bitcoin and not looking at current short-term fluctuations.
Although this isn't to completely eliminate the risks associated with Investing in Bitcoin, but to narrow the risk down.

Invest only as much as you can afford to lose, usually no extras in any investment. You can invest in Bitcoin but do it at your own risk, because now is the right time to invest, as the bull run is waiting to start in 2025. Therefore, according to this logic, you can definitely invest in Bitcoin. But the time of investment should be long term then you can benefit the most.

Like as I said earlier forcing someone to do something that he don't even intend to do is very risky sometimes, because you don't know if the person is well prepared or not. you can't urge someone to buy bitcoin when he's not yet  prepared to go into buying of bitcoin, I can't urge anyone to buy bitcoin except the person is willing to buy that's when I can only help him by telling him about the steps to take.

As some say, it should not beg anyone to buy Bitcoin. Because buying it is free, it should be, and we do not dictate to anyone to buy it. It is true that it is a matter of choice if we buy anything that can produce earnings for us in the future.

The DCA has different ways of dealing with other investors, and at the end of the day, as others want to buy, they have never been able to do so because they still have priorities to prioritize.

I think, people are taking advantage of Bitcoin to eliminate low income from other businesses by saving some huge amount of capital from other businesses to invest in Bitcoin, to bring out the huge amount of income that will make them great for others people around them to know that something new has happened to their life. You don't need to please people to purchase Bitcoin OP, because Bitcoin has what will make people to show interest in the market to purchase Bitcoin, which we have seen many positive changes in the industry that is making people to start saving some capital ahead of the bearish season. I had that opportunity to purchased Bitcoin last two years to make a huge amount of income few weeks ago, because I saw many reasons to be part of Bitcoin investment to increase financially.

That's what I'm doing when I get my salary every month, I always do the best to get the most value in bitcoin when I do buy with my salary though, got to make sure that I follow my routine DCA. Anytime is a great time to buy bitcoin but it comes with the caveat that you've got to be in bitcoin investment for the long-term because that adage that anytime is a great time to buy bitcoin since there's going to be times that you'd be timing the buy when the price is at its peak and you don't really want to be selling for the short-term there because you're guaranteed a loss or at best, a break even. Be smart about your investment and commit yourself to the fact that you're going to be investing for the long-term with bitcoin and that you'd stay no matter how much it falls when the bear season comes.

If you are talking about something being scarce, Quant only has 14m supply and real use case - now that is scarce 

Considering the bitcoin price volatility, not everyone will be patient with Bitcoin. While a lot of people are currently seeing the value in bitcoin,  a lot too who are risk averse will only see bitcoin as another online scheme capable of burning all they've worked hard for in one day. For this reason, they will not adopt bitcoin. They would rather prefer to stick to FIAT even when they know FIAT is subject to inflation which eventually leads to devaluation of the currency.


At some point, many of us who are now enjoying the benefits of bitcoin had a negative mindset towards bitcoin until we made up our minds to take that bold step. Bitcoin is going nowhere, therefore there is no point rushing. Everyone should be allowed to stick to what they are comfortable with. With time everything about Bitcoin will make sense to them.

A change is hereby expected and the value is somewhat crazy as well. It is to acknowledge that every day there is another person who opens their mind and invests in Bitcoin. Maybe, it comes to the moment that we can no longer buy 1Bitcoin at $50k or buy 1BTC because it was too expensive already. And you are right, taking this time will be our chance as it might not we longer experience this in the future. This is not an urge but we understand the situation that time may pass and we can't bring it back. If we have the guts and a plan to invest in Bitcoin someday, why not take this time while it is just below $60k?

It is indeed happening already. As simple as supply and demand, the greater the scarcity then the more valuable it become. It may even be more difficult to access it in the future because it may get it into a premium price liquidity and approach. Just like how people are treating precious metals and stone like gold. It may even get into auctions just for a whole Satoshi. And if it's most likely the case in the future, the best action in the present is to at least hold as much Bitcoin as you can.