[POLL] 2020, your last chance of owning 1 BTC - page 5.

Welsh

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Quote from: bitmover on November 20, 2020, 07:55:40 AM

Although I agree that everyone should try to get at least 1 btc as an investment, and by using this forum we all can, we should also recommend cautious now because we are very close to ATH.

I have some friends who bought in december 2017 at ATH. They had a lot of FOMO, and this is not good for investments.

I think that whoever do not have 1 BTC now but want to have it in the future should have patience. You do not need to get it now in the next 30 days. Nobody knows if BTC will be 30k or 5k in the next 30 days.

I believe the best for those moments is to keep the mind calm, buy the same value every month (in USD) and get as much as you can. You don't need to thrown yourself in ATH price because it is "your last chance".

FOMO is bad for investments.

It in fact can hurt adoption, simply because people feel disheartened if they've bought at a all time high expecting to make money off of it fairly soon after the fact. Usually, this results in them taking a loss, because they can't keep that investment tied up for the amount of time required to make a profit, which isn't even guaranteed. Are your friends still holding on theirs? It might be the best time to recoup what they invested, and they might want to consider seeing if Bitcoin will go down again. I expect a market adjustment like many around here, but I don't think its going to fall to 6k again. I'll probably go for around the 8k mark.

"FOMO" should never be a reason to invest in anything. That pretty much means you are looking for a get rich scheme without looking into the investment at all. Those involved in Bitcoin know the volatile nature of it.

bitmover

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Quote from: Karartma1 on November 20, 2020, 05:40:21 AM

As 2020 comes to an end, were you able to treat yourselves with 1 full bitcoin?

The poll will close in 60 days.

Although I agree that everyone should try to get at least 1 btc as an investment, and by using this forum we all can, we should also recommend cautious now because we are very close to ATH.

I have some friends who bought in december 2017 at ATH. They had a lot of FOMO, and this is not good for investments.

I think that whoever do not have 1 BTC now but want to have it in the future should have patience. You do not need to get it now in the next 30 days. Nobody knows if BTC will be 30k or 5k in the next 30 days.

I believe the best for those moments is to keep the mind calm, buy the same value every month (in USD) and get as much as you can. You don't need to thrown yourself in ATH price because it is "your last chance".

FOMO is bad for investments.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: Coin_trader on November 20, 2020, 05:56:49 AM

I suggest that you should keep your BTC on a storage that you can't easily access so that you will be tempted to spend it in case you saw items that you want to buy

Nice idea but difficult to do I will tell you. To have money somewhere and refuse to use it to solve your challenges, to me is foolishness. This is especially about if it concerns health, money can help you to get better treatment and when you don't make the deposit first, you might not have the treatment. To save in wallet you can't access easily is good but the challenge of health is above money.

ZZ8ZZ

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I highly doubt it that it's the last change to own 1 BTC. It's still a wild west over here in the crypto world and I'm pretty sure the price of BTC will fall again. Will it fall around the 10k mark or go around the 5k - 6k mark? No one knows, but it will surely do it.

Welsh

staff

Activity: 3332

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Quote from: Lucius on November 20, 2020, 07:08:21 AM

For me personally, reaching that goal was not so difficult because I have been involved with BTC since 2014, and then the price was quite low compared to today. Like many, I started with faucets which then paid very large amounts in terms of satoshi (it was easy to earn over 500 000 satoshi with a few refs a day), then it was the time to join some signatures and twitter campaigns, and I promoted some crypto exchanges that proved to be a good way to get some extra income.

I find it quite sickening sometimes looking back when a few btc was tossed around like it was nothing, and then seeing it reach highs of 15k does put in into perspective that maybe holding is the correct way to do so. The fact that faucets once upon a time rewarded multiple Bitcoin for simple tasks is also crazy to consider. I don't think there's been any currency which has been able to achieve this within a life time, usually value goes up steadily. Signature campaigns back in 2013/2014 although not such a talked about subject back then, also reward highs of 0.25/0.50. So, as long as those users from back then held onto their coins, they'll certainly be in a very healthy position right now. Although, I think most would have sold at a earlier point, planning to reinvest once the rally stops, and I imagine a few users have been burned this way.

Lucius

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I know there are exceptions, but I believe that those who have been on this forum for a long time have not missed various opportunities to accumulate at least 1 BTC. For those who want it, but have not succeeded in that mission so far, I think that there is still enough time to reach that goal.

Although the price of BTC is currently close to its ATH, no one should be discouraged from continuing to invest as much as they can set aside each month. I know that there were a few examples on this forum that realized that plan because they were persistent and it paid off in the end.

For me personally, reaching that goal was not so difficult because I have been involved with BTC since 2014, and then the price was quite low compared to today. Like many, I started with faucets which then paid very large amounts in terms of satoshi (it was easy to earn over 500 000 satoshi with a few refs a day), then it was the time to join some signatures and twitter campaigns, and I promoted some crypto exchanges that proved to be a good way to get some extra income.

Coin_trader

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Leading Crypto Sports Betting & Casino Platform

I'm glad I still have BTC loaded on my casascius and other collectible coin. I believe if this BTC is on my wallet, I already spend it on gambling and things that I really don't need. LOL

I suggest that you should keep your BTC on a storage that you can't easily access so that you will be tempted to spend it in case you saw items that you want to buy during sale especially during 11.11, 12.12 and more.

GG guys! You can do it.

cryptoaddictchie

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Quote from: Karartma1 on November 20, 2020, 05:40:21 AM

As 2020 comes to an end, were you able to treat yourselves with 1 full bitcoin?
If you like explain to others how have you reached this threshold: also, if you feel like sharing it, tell us why you were not able to do that.

Before 2020 ends. I think I could attained worth 1 btc almost but I'm still accumulating from trading and my some perks on signature. Can't say I can't make it but I have attained it if I didn't spend any and converted into fiat. But that's okay I think still be able to catch before it ends.

Right now I'm holdinh different alts but also waiting for the right time to convert into btc I believe this has still dip and can still grab chance to get some.

Having 1 btc for hold is a good investment in the long run and I think it can worth more than its ATH since last bull run.

Karartma1

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You may have heard about institutional investors finally embracing bitcoin, billionaires going crazy about owning BTC, public companies owning them as a reserve asset, etc.
The last time a poll like this was made the end result was that in 2018 only 304 forum users voted YES while 300 voted no.

As 2020 comes to an end, were you able to treat yourselves with 1 full bitcoin?
If you like explain to others how have you reached this threshold: also, if you feel like sharing it, tell us why you were not able to do that.

Give your honest point of view and please bear in mind I will not tolerate any bullying here: don't judge what others have done wrong, as the real point of this thread is to let everyone aware that this can be a turning point in our lives and owning 1 bitcoin could be a game-changer soon.

So, if you hold one bitcoin hold on to it; if you don't try to do your best to reach one, but securely store and manage what you currently have.

Good luck to you all!

The poll will close in 60 days.

Topic: [POLL] 2020, your last chance of owning 1 BTC - page 5. (Read 947 times)