Topic: Reasons why I prefer Bitcoin over any other assets and dips don't panic me.... (Read 1621 times)
February 28, 2022, 03:12:47 AM
It’s not like I prefer bitcoin over other assets but it’s also true that I have great faith in bitcoin. I have seen it show dips in the past but I can’t also overlook that it bounced back every time, proving that it will always be a great place to put your money.
January 22, 2022, 04:06:41 PM
This may sound weird, but yeah, I start believing in it.
But since bitcoin was new and my father had some doubts, he did not believe in me and considered bitcoin a scam or Ponzi scheme provided by any company. That's the reason why people living in 2021 felling regret just because they didn't believe back in 2009-2010.
Anyways time has gone, and we can not bring back anything but learn from our mistakes. Undoubtedly, bitcoin is decentralized, and we can still invest in it for our bright future.
But since bitcoin was new and my father had some doubts, he did not believe in me and considered bitcoin a scam or Ponzi scheme provided by any company. That's the reason why people living in 2021 felling regret just because they didn't believe back in 2009-2010.
Anyways time has gone, and we can not bring back anything but learn from our mistakes. Undoubtedly, bitcoin is decentralized, and we can still invest in it for our bright future.
Your father was kind of correct, or at least half right, it is an indirect ponzi scheme, a decentralized ponzi scheme. Why would you think its NOT a ponzi scheme?? Because its gone up?? Ponzi schemes inflate until they blow up.
It can exist as long as not too many withdraw their funds and new buyers buy. If there is a run for the exit where too many would like to withdraw their funds, then it goes to zero, or close to it. That's what a ponzi scheme looks like and functions.
As long as you (and most others) hodl it stays afloat, if you dont hodl it goes to zero, that's why everybody wants you to hodl. It's a very simple concept when you think about it really.
In a perfect (crypto) ponzi scheme a good hodler hodles until he is dead, and the keys get lost forever. That way you will never sell. There have been stories of people that have lost their keys and even sent their computers to the dump (with BTC wallets on them). They are perfect hodlers.
January 22, 2022, 02:09:29 PM
This may sound weird, but yeah, I start believing in it.
But since bitcoin was new and my father had some doubts, he did not believe in me and considered bitcoin a scam or Ponzi scheme provided by any company. That's the reason why people living in 2021 felling regret just because they didn't believe back in 2009-2010.
Anyways time has gone, and we can not bring back anything but learn from our mistakes. Undoubtedly, bitcoin is decentralized, and we can still invest in it for our bright future.
But since bitcoin was new and my father had some doubts, he did not believe in me and considered bitcoin a scam or Ponzi scheme provided by any company. That's the reason why people living in 2021 felling regret just because they didn't believe back in 2009-2010.
Anyways time has gone, and we can not bring back anything but learn from our mistakes. Undoubtedly, bitcoin is decentralized, and we can still invest in it for our bright future.
January 16, 2022, 07:54:04 PM
why miners are not panicked by the decreasing price of bitcoin at this time because of course it has several factors that influence it where bitcoin is a long-term investment and is so transparent that it doesn't make miners feel afraid for example they want to continue in the crypto world then he can maintain it in the long term but if they want to leave then they can release their asset in the stock market although at a slightly lower price but for me it is better to keep it than to let it go in the current timeframe
January 16, 2022, 08:47:05 AM
Bitcoin is really great and I always regret because I didn't hold and don't have capacity to buy and hold for long term because of daily needs. I'm really struggling in my situation even though I want to invest and hold but I can't. Good for those with capital to invest and believe that bitcoin will grow more and more as the days goes by.
Don't be bad about it though, if you've profited out of those times then probably you did the right thing and it's not like you know what the future holds, if you did then probably you're going to be richer than you can imagine. That's the other problem, it's not fair for everyone. Some have the money to invest and some just don't have the money to do so.Anyway since its Bitcoin, holding is really profitable and much better if you can bear waiting for long period. Its risky but still worth it.
and besides that money for monthly expenses has been arranged and must be sufficient, because rich people have principles and prioritize money that works by investing to be enjoyed in the future.
And if we could do it that way, we could buy quite a large amount of bitcoin, and most of us spend a lot of money we don't really need like prioritizing lifestyle.
a small example is cigarettes and if multiplied by a month the costs incurred for cigarettes are very large, and if transferred to additional investments the results will be satisfactory in the long run.
and I think the journey of the rich invest like that, and have to suffer first and have fun later.
January 16, 2022, 07:41:29 AM
Bitcoin and other cryptocurrencies are here to disrupt our old obsolete fiat currencies which have control written all over them and in a world where everyone or maybe some people are aware of such freedoms its just fair that we return the choice of choosing what ee do with our money it's returned to its users and bitcoin happens to be the answer which is a currency, asset that can be used as a store of value or medium of exchange.
January 16, 2022, 06:20:55 AM
I believe that Bitcoin is a better proposition as a store of value than any other asset we have at disposal. However I think diversification should always be practiced soundly especially in times of economic turmoil like now. We must not forget that the current pandemic situation is pretty much equivalent to a war in terms of social and economic impact.
Remember to be emotionless when budgeting your finances and making investment decisions
Remember to be emotionless when budgeting your finances and making investment decisions
January 16, 2022, 05:58:07 AM
Its because we have different status in life. Rich people can invest huge money in Bitcoin and can hold even for long years without the need to sell because they're capable to live comfortably while waiting for their money that they invest to work for them. Its a different situation for average/poor investors because most of the time we are counting on our investment. Even we're aware to not invest the money that you cant afford to lose or the money that is meant for important things.
Anyway since its Bitcoin, holding is really profitable and much better if you can bear waiting for long period. Its risky but still worth it.
That's right rich people can invest huge amounts of funds into bitcoin without selling them for long term because they have funds with them in need unlike us who needs to sell when we are in urgent needs of funds.But there is one thing we can do like investing some extra funds at regular intervals through most popular technique of DCA investing which will benefit you in the long run.Anyway since its Bitcoin, holding is really profitable and much better if you can bear waiting for long period. Its risky but still worth it.
The main problem is comparison between rich and poor and it cannot be covered at any cost even through btc because rich can accumulate more than poors even ar higher price but my opinion is you should be holding btc whatever amount you can as inflation wave will put all of us in the rabbit hole that will be end for us and no other financial asset can help you at that time.So it's better to have a pie rather than going for whole full cake which you can't afford at single time.Stack sats slowly and in the long run you will have more btc and profits eventually which we all want.You need to have some different approach and whining same old things like it's expensive or scam is just one of the main excuses that is hindering us from getting into big game of decentralisation and deflationary future.
January 15, 2022, 08:17:57 AM
Well... I can honestly say.. Bitcoin BTC has been my best investment I have ever made. I bought bitcoins BTC when the price was just over $300 per coin and I do not regret it for one second. I have sold some bitcoins at $17 000 in 2017 and I kept enough to sell some more at $25 000 and then again at $40 000 and lately when it reached the all-time-high.
Bitcoin has changed my life and my financial situation significantly and I will support it and promote it and educate people about it ...as payment for all that it done for me.
Bitcoin has changed my life and my financial situation significantly and I will support it and promote it and educate people about it ...as payment for all that it done for me.
Your story is really very motivating, also if you bought at that price it means that from the beginning you believed in technology and in all the good that BTC offers with its deflationary economy, I really congratulate you and you represent a great example for many and before the world, I hope the word continues to spread, in my case I have never had the privilege of having 1BTC, but if I have had fractions of BTC, and now with everything that is happening in the world, I see that BTC is much safer That having money stored in the bank, in gold, or in any safe asset, for me BTC is the best option for a Safe Haven, because BTC will never disappoint.
I completely and wholeheartedly agree with your statement that Bitcoin will never disappoint. I truly believe that Bitcoin will always remain the favorite even as Altcoins come and go and some even achieve surprising heights on their price charts, Bitcoin will always be the main actor. Especially with the huge volume, trust and hype behind it, over all the years gone by. Bitcoin won't disappoint.
Yes, and now more than ever is when more confidence should exist in BTC, since many are taking advantage of buying BTC little by little, it is known that the bearish strategy was to lower the price as much as possible last December, the The reason is there, everyone believed that the BTC was going to reach $ 100k, but the whales did the opposite, it is a valid move but this suggests that at any time when most people bet that everything will go down, they will put their positions in short and the opposite will happen.
January 13, 2022, 11:34:28 AM
Wise choice. because it's like that, there are mostly reasons that say that it's not in bitcoin because the price has gone too far and will only make a little profit now. there are many who say that and this is just a classic excuse made because as you said it is never too late and no matter how big or small when they really intend to be here of course they will.
When you are aiming on more 2x or more kind of profits then bitcoin wouldnt really be a good choice imho and lets just face that fact even though it is somewhat could give out that assurancethat it could last for long term even though its no guaranteed but seeing the support and recognition then it would surely last for a while and thats why some people do prefer altcoin investment
rather than sticking with bitcoin even if they do know that this is something much better than with alts.Well, this is a personal choice because we do have different mindset
or goals have in mind whether we do go into something riskier like alts or go to the common side which is on bitcoin.
indeed alt is more profitable and I don't deny that but it can't be separated from the big risk. on the other hand bitcoin also can't provide large amounts of profit but with alt they are actually safer I think.
apart from alt and bitcoin, actually both of them are still very good, it's just a matter of making up your mind whether you are sure of the choice or not
January 12, 2022, 08:43:05 PM
Bitcoin is really great and I always regret because I didn't hold and don't have capacity to buy and hold for long term because of daily needs. I'm really struggling in my situation even though I want to invest and hold but I can't. Good for those with capital to invest and believe that bitcoin will grow more and more as the days goes by.
Don't be bad about it though, if you've profited out of those times then probably you did the right thing and it's not like you know what the future holds, if you did then probably you're going to be richer than you can imagine. That's the other problem, it's not fair for everyone. Some have the money to invest and some just don't have the money to do so.Anyway since its Bitcoin, holding is really profitable and much better if you can bear waiting for long period. Its risky but still worth it.
January 12, 2022, 06:37:04 PM
-snip-you can not wait to accumulate million before you purchase bitcoin people get it wrong enough for cryptocurrency investment because with 10 USDT you can purchase depending the level of your money, i like the way it is because if you have small capital is affordable for you purchase and if you have larger capital is affordable for you to purchase, i like cryptocurrency no excuses if you want to have Bitcoin because is an asset.
$ 10 if you buy in stages and hold it will certainly get a pretty big profit too. Cobak is scheduled to buy several assets every week with a capital of $ 10, especially buying Bitcoin and altcoins in the top 10 of CMC. The initial capital also depends on the financial level of each person. Just stay in management and use the right strategy.The success of investing in Bitcoin does not have to use large capital, because using large capital also does not guarantee success. If we use
the wrong strategy no matter how big the capital we use will run out too because we experience losses. I totally agree that consistency is very
important to make us able to make big profits. Even though we only have $10 in capital, but if we buy Bitcoins every week or every month on
a regular basis, then in the long term we can generate large profits. Moreover, Bitcoin's performance tends to continue to rise every year,
if the price of Bitcoin goes down, it's actually our chance to buy more Bitcoin again. Because if we study Bitcoin properly, Bitcoin price can always
recover and go higher after the price goes down. We could see the Bitcoin price drop earlier this year, so there's no need to hesitate to buy it
and hold it until the price target we want is reached. Actually it is not too difficult to be able to generate large profits from Bitcoin, the most
important thing is that we understand how Bitcoin works.
January 12, 2022, 05:50:32 PM
^Snipped
Why you cannot invest and hold? Are you trading Bitcoin and relying on it for your daily needs? I know some of us can be jobless, but you must do an effort to find a job in real life. For me, it is not recommended to rely on trading Bitcoin for your daily needs, you need a job in real life. You should have a chance to invest and hold for a long time. Even it is not today, probably you can do it someday. Investing in Bitcoin doesn't require 1 BTC, even you can begin investing with $50 to buy BTC. So, don't be pessimistic and believe you can't!! There will be always a way for each people who has an intention to join BTC investment. I have been away OP was and trust me, it wasn't a good situation to be in. One time I would be making so profits off tabtrader (which helped me connect to a number of exchanges at the time) and the next minute, I'm taken a chunk off the table and need to work 2x harder to get back on track. Anyway, one doesn't necessarily need a job IRL since the same can be achieved by any of the available web3 opportunities today.
January 12, 2022, 05:29:40 PM
I always regret because I didn't hold and don't have capacity to buy and hold for long term because of daily needs. I'm really struggling in my situation even though I want to invest and hold but I can't. Good for those with capital to invest and believe that bitcoin will grow more
Why you cannot invest and hold? Are you trading Bitcoin and relying on it for your daily needs? I know some of us can be jobless, but you must do an effort to find a job in real life. For me, it is not recommended to rely on trading Bitcoin for your daily needs, you need a job in real life. You should have a chance to invest and hold for a long time. Even it is not today, probably you can do it someday. Investing in Bitcoin doesn't require 1 BTC, even you can begin investing with $50 to buy BTC. So, don't be pessimistic and believe you can't!! There will be always a way for each people who has an intention to join BTC investment. 
January 12, 2022, 02:36:46 PM
if you bought at that price it means that from the beginning you believed in technology and in all the good that BTC offers with its deflationary economy, I really congratulate you and you represent a great example for many and before the world, I hope the word continues to spread, in my case I have never had the privilege of having 1BTC, but if I have had fractions of BTC, and now with everything that is happening in the world, I see that BTC is much safer That having money stored in the bank, in gold, or in any safe asset, for me BTC is the best option for a Safe Haven, because BTC will never disappoint.
It doesn’t really matter when you started investing and how much of Bitcoin you own.Whether you own one Bitcoin or a fraction,, it is still worth it.
Moreover it’s not really necessary that you are going to hold your Bitcoin forever, everyone has what works for them and the strategy they try to follow.
As for me I’m not the type that always has plans to keep on hold without even selling, because that doesn’t suit me at all.
that it could last for long term even though its no guaranteed but seeing the support and recognition then it would surely last for a while and thats why some people do prefer altcoin investment
rather than sticking with bitcoin even if they do know that this is something much better than with alts.Well, this is a personal choice because we do have different mindset
or goals have in mind whether we do go into something riskier like alts or go to the common side which is on bitcoin.
January 12, 2022, 01:35:18 PM
if you bought at that price it means that from the beginning you believed in technology and in all the good that BTC offers with its deflationary economy, I really congratulate you and you represent a great example for many and before the world, I hope the word continues to spread, in my case I have never had the privilege of having 1BTC, but if I have had fractions of BTC, and now with everything that is happening in the world, I see that BTC is much safer That having money stored in the bank, in gold, or in any safe asset, for me BTC is the best option for a Safe Haven, because BTC will never disappoint.
It doesn’t really matter when you started investing and how much of Bitcoin you own.Whether you own one Bitcoin or a fraction,, it is still worth it.
Moreover it’s not really necessary that you are going to hold your Bitcoin forever, everyone has what works for them and the strategy they try to follow.
As for me I’m not the type that always has plans to keep on hold without even selling, because that doesn’t suit me at all.
January 12, 2022, 12:07:57 PM
-snip-you can not wait to accumulate million before you purchase bitcoin people get it wrong enough for cryptocurrency investment because with 10 USDT you can purchase depending the level of your money, i like the way it is because if you have small capital is affordable for you purchase and if you have larger capital is affordable for you to purchase, i like cryptocurrency no excuses if you want to have Bitcoin because is an asset.
$ 10 if you buy in stages and hold it will certainly get a pretty big profit too. Cobak is scheduled to buy several assets every week with a capital of $ 10, especially buying Bitcoin and altcoins in the top 10 of CMC. The initial capital also depends on the financial level of each person. Just stay in management and use the right strategy. 
January 12, 2022, 01:28:19 AM
Bitcoin is really great and I always regret because I didn't hold and don't have capacity to buy and hold for long term because of daily needs. I'm really struggling in my situation even though I want to invest and hold but I can't. Good for those with capital to invest and believe that bitcoin will grow more and more as the days goes by.
Don't be bad about it though, if you've profited out of those times then probably you did the right thing and it's not like you know what the future holds, if you did then probably you're going to be richer than you can imagine. That's the other problem, it's not fair for everyone. Some have the money to invest and some just don't have the money to do so. 
January 12, 2022, 01:09:43 AM
Bitcoin is really great and I always regret because I didn't hold and don't have capacity to buy and hold for long term because of daily needs. I'm really struggling in my situation even though I want to invest and hold but I can't. Good for those with capital to invest and believe that bitcoin will grow more and more as the days goes by.
Bitcoin can be purchase with little capital and Bitcoin is currency that you will buy and and the values will reflect immediately, you can not wait to accumulate million before you purchase bitcoin people get it wrong enough for cryptocurrency investment because with 10 USDT you can purchase depending the level of your money, i like the way it is because if you have small capital is affordable for you purchase and if you have larger capital is affordable for you to purchase, i like cryptocurrency no excuses if you want to have Bitcoin because is an asset. 
January 11, 2022, 06:47:00 PM
In my opinion, risk management in trading is very necessary. Maybe we shouldn't be greedy to hope for bigger profits when we get a commensurate profit, but when we consistently survive in the long term it is much more profitable.
Yeah, "risk management" is very important in any investment.
however, the fact that we are investing in crypto, that means are ready to take higher risk without a higher goal of profit. If those who invested early did not take a high risk, then most probably they are not enjoying their huge profit now. My point is, invest what you can afford to lose only and take the risk if you see there's a huge potential on it too.
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