Signs of a better year for btc investors - page 4.

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Quote from: Bazzu on January 12, 2023, 03:05:39 AM

indeed, if you see that there is an increase in the price of bitcoin, but we have to be careful when buying. because what is worried about is just a price trap, will the price continue to go up or is it just a trick, so we have to be careful when buying, at least wait for the bitcoin price to drop first,
because a good time to buy is when the price drops.

but people's opinions of course differ, and the decision is yours.

If he wants to invest in bitcoin and considers it a long term investment, then buying bitcoin now will not harm him even if the bitcoin price drops more now. Investing in bitcoin needs to learn in advance and having the right investment plan, not when seeing bitcoin's price go up to buy, because we all know that no one can predict the bitcoin price. I hope OP doesn't have those thoughts.

Regarding this bull run, I still don't really believe this is a sign of a bull run but a short-term bull run in bitcoin or possibly a market trap.

Blawpaw

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Quote from: Mr.suevie on January 11, 2023, 02:16:56 AM

Its just 11 days into the new year and 2023 is already showing signs of hope for bitcoin investors. Bitcoin is currently on 17k plus as of this morning when i check my binance app which is currently a good results as bitcoin has been stuck at 16k for a very long time. Investor and btc holders will be very happy seeing this significant rise although it is a volatile currency and can change its rate anytime yet its still a positive start to the new year.

https://i.imgur.com/CYnjlKf.jpeg

At this moment we can hope for the rise to continue and maybe hit a point where investors can boost of a good profit added to their btc coins.
I was directed here and have learnt alot and i will no longer call it a hasty decision if i were to get my own btc in my own wallets but i haven't gathered enough finance to do that and am looking to sell some of my old stuffs which am no longer using to start my own bitcoin journey. I have some stuffs like an old TV set, some old cooking gas and sone rusty old furnitures in my house which i think can fetch me some reasonable amount of money to start this journey and the good part of it is that I don't use these stuffs so its better to sale it and use the money for my bitcoin investment.

Just hoping we all can hodl up more longer maybe 2023 has something special it has to offer #keephodling

Im also starting to have your opinion. It seems that Bitcoin is holding this level and the bulls are beginning to show their strenght. If this is not a fake bull sign at least an accummulation phase has started. Hopefully we will see the market grow all year long very smoothly. Lets hope im right.

Bazzu

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indeed, if you see that there is an increase in the price of bitcoin, but we have to be careful when buying. because what is worried about is just a price trap, will the price continue to go up or is it just a trick, so we have to be careful when buying, at least wait for the bitcoin price to drop first,
because a good time to buy is when the price drops.

but people's opinions of course differ, and the decision is yours.

rodskee

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Quote from: landheer on January 12, 2023, 01:43:22 AM

I don't think there's anything wrong if you want to sell your goods as you mentioned, if they are no longer used, and the money is used to buy bitcoins. and I just saw the market it turns out that the price of bitcoin has increased, which means this is a good start. it means that now is the right time to buy bitcoin because the price increase is not high yet.

Not sure here if he can truly make money from those stuffs , rusty things and some old appliances ? well hope there are some still interested on that.

and also there are bunch of people in this forum that continuously posting about selling their stuffs to buy bitcoin and others even accepting bitcoin as payment in their small businesses.

but for me? if you have stock funds or can make some to buy bitcoin then why not right?

davis196

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Don't be too optimistic about it. A 10% increase in the BTC price doesn't mean anything. Bitcoin is a volatile asset and price pumps and drops in the range of 10-20% are normal. We can't draw any conclusions about what 2023 will be for the Bitcoin traders/investors by a small price movement, that happens in January. Don't get too excited and don't trust anyone, especially centralized crypto exchanges and "crypto influencers", who are promising things, that are too good to be true.
Congrats on starting your Bitcoin journey. I also have a bunch of old stuff that I want to sell, but I can't find any buyers. Grin

landheer

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I don't think there's anything wrong if you want to sell your goods as you mentioned, if they are no longer used, and the money is used to buy bitcoins. and I just saw the market it turns out that the price of bitcoin has increased, which means this is a good start. it means that now is the right time to buy bitcoin because the price increase is not high yet.

pooya87

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Although as I pointed out in my previous post we still need to break $20k resistance but the momentum I talked about is starting to show itself on the daily charts which is a much better sign than breaking resistances because it shows that the market is starting to warm up and head towards more realistic prices to get out of this undervalued state aka a reverse-bubble...

I should also mention that I believe part of this recovery is because of the market manipulation in other markets such as US stock market where they are pumping it to create the illusion of economy's health and partly because of the money that they've been printing that has decreased the value of fiat which in turn shows up in price of everything going up and everything includes literary everything from food, rent and generally cost of living to stock market, gold and bitcoin prices.

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Quote from: Yatsan on January 11, 2023, 06:36:33 PM

Showing signs? I doubt. It is more part of its volatile nature. Sign I guess which could be considered is either its market price cross $20k or $14k; this will determine the direction for this year. But indeed, the year has just started and there are many things which may happen in this industry. But as to how I view the market situation at this moment, it will remain stagnant at the current market price bracket for months I think , as long as there's nothing to uprise the hope of investors perhaps new projects or positive news about Bitcoin adoption for major countries. Up until then, the price will more likely play around $15k to $17k so for now, holding and being patient would make us all prepared.

And just like that, bitcoin price has steadily climb just above $18k now, so we have broken one barrier at $17k and it seems that we are going to try for the $19k-$20k range just for this month.

Yeah, we may call this sort of mini bull run at the start of the year. Maybe there is some good news around that push the price today or just the investors decided to pump it in the last 24 hours. We will see how far it can go for January at least.

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Quote from: Mr.suevie on January 11, 2023, 02:16:56 AM

I have some stuffs like an old TV set, some old cooking gas and sone rusty old furnitures in my house which i think can fetch me some reasonable amount of money to start this journey and the good part of it is that I don't use these stuffs so its better to sale it and use the money for my bitcoin investment.

Every extra satoshi you can acquire worths. Before we could earn crypto from zero online, but now some creativity is needed towards the goal of accumulating your initial bitcoin holdings. To get rid of useless stuff we have at home is one of the best ways to raise money and to start investing. Thankfully we have bitcoin, so our investments really make sense, as they return gains on long term, while before bitcoin we had to invest in saving accounts and fixed income offers through traditional banks, which generated negative profit, when compared to the country's inflation advancement.

I remember selling used stuff I had at home years ago to invest at bank, and now I even laugh concluding I was so naive to think I was doing a great deal. While if I had invested in btc, i could be multiplying that budget for more than x20.

Issa56

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Quote from: Mr.suevie on January 11, 2023, 02:16:56 AM

I was directed here and have learnt alot and i will no longer call it a hasty decision if i were to get my own btc in my own wallets but i haven't gathered enough finance to do that and am looking to sell some of my old stuffs which am no longer using to start my own bitcoin journey. I have some stuffs like an old TV set, some old cooking gas and sone rusty old furnitures in my house which i think can fetch me some reasonable amount of money to start this journey and the good part of it is that I don't use these stuffs so its better to sale it and use the money for my bitcoin investment.

Am always positive every year that's why I keep on Hodling my bitcoin and I keep on accumulating more bitcoin. I noticed you said you are going to sell your old stuffs just to invest in bitcoin, if you are still using those things you are planning to sell, I think you shouldn’t sell them but if you think you don't make use of it again then you are free to sell it.

If you are buying bitcoin, always invest any amount you can afford to lose, and be ready to hold for long term, don't think because we have seen little green candle within few days and then you sell your properties and invest in bitcoin because you think Bitcoin will pump, you might endup being disappointed, just few days green candle cant determine if bitcoin will pump in this 2023.

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Showing signs? I doubt. It is more part of its volatile nature. Sign I guess which could be considered is either its market price cross $20k or $14k; this will determine the direction for this year. But indeed, the year has just started and there are many things which may happen in this industry. But as to how I view the market situation at this moment, it will remain stagnant at the current market price bracket for months I think , as long as there's nothing to uprise the hope of investors perhaps new projects or positive news about Bitcoin adoption for major countries. Up until then, the price will more likely play around $15k to $17k so for now, holding and being patient would make us all prepared.

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Quote from: Mr.suevie on January 11, 2023, 02:16:56 AM

Its just 11 days into the new year and 2023 is already showing signs of hope for bitcoin investors. Bitcoin is currently on 17k plus as of this morning when i check my binance app which is currently a good results as bitcoin has been stuck at 16k for a very long time.

Op it's too early to claim that we're experiencing bull market just because of a rise of price from 16k to 17k and if you compare the Bitcoin ATH to the current market price you'll see that the change in price is quite insignificant.

Quote

At this moment we can hope for the rise to continue and maybe hit a point where investors can boost of a good profit added to their btc coins.

That's all we can hope for, let's just keep hoping that the price rise continue and if it does in short period of time we might be able to see real good profit just as you said.

Quote

I have some stuffs like an old TV set, some old cooking gas and sone rusty old furnitures in my house which i think can fetch me some reasonable amount of money to start this journey and the good part of it is that I don't use these stuffs so its better to sale it and use the money for my bitcoin investment.

This is a superb idea. I think it's better to just sell the off an get Bitcoin since they're of no use and as times goes on the worth of those said properties will keep depreciating and can even become worthless. So it's better to just sell them off now that they're still worth something.

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Quote from: Mr.suevie on January 11, 2023, 02:16:56 AM

Just hoping we all can hodl up more longer maybe 2023 has something special it has to offer #keephodling

Bitcoin is indeed unique and very special, there are many reasons that make people continue to invest until now, the real winners are those who are able to invest in bitcoin in the long term, although at certain times the short term can also be profitable for investment. Although it is too early to say in 2023 bitcoin will experience a gradual recovery, judging from the previous ATH achievements, this year is the initial process towards a real recovery.

You've made a good decision selling some unused items to buy bitcoins, don't worry though this year won't get any better, because bitcoins are the best investment in the long term. Buy and Hold Bitcoin, because you are about to see something amazing.

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Quote from: sunsilk on January 11, 2023, 12:22:40 PM

On this market, the most patient and the wisest becomes the most profitable and as for you OP. If you've got plan of buying bitcoin and you're seeing those things that you're no longer using. You've got the plan to sell them, do it and don't regret of selling them and using the money for buying bitcoin.

It's because many beginners before have regreted that they've bought bitcoin. But if you have the idea on where the market is going and you're also a patient guy, wait until the halving ends next year and you'll see how the market will change mostly positively by that time.

I would not in general say that it is very wise to sell your belongings to buy bitcoin. Especially in a bear market that is for month slowly going down. You can simply never know when the market is turning around and it brings you a profit.

What you hover could do is put your spare money that you have in the market ever month and then when price goes up you can get the money out again at a profit.

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Although too early to say for this year but there seem to be signs that we are taking off for a crypto bullrun, there are several announcements from altcoins and institutions like Cathy Woods adding more of her coinbase holdings. CZ is most bullish this year since he plans to hire more people in Binance. Hongkong news open up and changed its stance on crypto also.

Quote from: sunsilk on January 11, 2023, 12:22:40 PM

On this market, the most patient and the wisest becomes the most profitable and as for you OP. If you've got plan of buying bitcoin and you're seeing those things that you're no longer using. You've got the plan to sell them, do it and don't regret of selling them and using the money for buying bitcoin.

It's because many beginners before have regreted that they've bought bitcoin. But if you have the idea on where the market is going and you're also a patient guy, wait until the halving ends next year and you'll see how the market will change mostly positively by that time.

It's what they say. It's during bear market and crisis that winners and millionaires are made. The patient guys who keep thier coins are the ones who'll get success.

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Quote from: sunsilk on January 11, 2023, 12:22:40 PM

On this market, the most patient and the wisest becomes the most profitable and as for you OP. If you've got plan of buying bitcoin and you're seeing those things that you're no longer using. You've got the plan to sell them, do it and don't regret of selling them and using the money for buying bitcoin.

It's because many beginners before have regreted that they've bought bitcoin. But if you have the idea on where the market is going and you're also a patient guy, wait until the halving ends next year and you'll see how the market will change mostly positively by that time.

Not really that bad on making yourself that optimistic but you should always consider and be mindful about the risk involved so that you wont really be ending up frustrated just because you do expect something positive

with Bitcoin and you had sold all of the things you do have that you arent using or not really that important.Going all in is never been a good choice nor a decision.Always set out limits and boundaries no matter how good Bitcoin investment is, nothing is assured and nothing is guaranteed.This is why you should expect always the unexpected.

This year or next year, no one really knows on when the price would be moving up.

sunsilk

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On this market, the most patient and the wisest becomes the most profitable and as for you OP. If you've got plan of buying bitcoin and you're seeing those things that you're no longer using. You've got the plan to sell them, do it and don't regret of selling them and using the money for buying bitcoin.

It's because many beginners before have regreted that they've bought bitcoin. But if you have the idea on where the market is going and you're also a patient guy, wait until the halving ends next year and you'll see how the market will change mostly positively by that time.

Frankolala

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This is a positive movement on the price of bitcoin in just 11 days,which can bring hope to investors but this is how bitcoin price has being fluctuating recently, it will move up to 17k and before you know it,the price will drop to 16k due to its volatile nature. We just need to keep hodling our investment till when bitcoin hits the bull market with a voluminous figure.

Last year was really indeed a bearish year for bitcoin and a worst year for investors due to the lost in the crypto market. I guess this early increase in the price of bitcoin is a sign of a hopeful year for investors.

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Quote from: Crypto_H on January 11, 2023, 08:45:30 AM

It's also worth noting that there are regulatory changes that could happen in different countries, which could also have a big impact on the market. For example, a more permissive regulatory environment could help to boost the adoption of cryptocurrencies and prices, while a more restrictive environment could have the opposite effect.

It is important to remember that, despite the predictions, this is a highly speculative and volatile market. As with any investment, you should be prepared for the potential risks and do your own research before making any decisions.

Can you provide a reference to this statement of yours because most of the country is prioritizing there own CBDC rather making a regulatory changes in favor to crypto. Besides it will be very hard for governent to fully backed crypto for there people due to the high risk involved of crypto due to it volatility. I said this because my country still categorized crypto as very risky asset that consumer needs to stay away. I will be surprised that some rich country will do what you stated above that's why I ask for a reference to back your opinion.

Crypto_H

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Quote from: Mr.suevie on January 11, 2023, 02:16:56 AM

Its just 11 days into the new year and 2023 is already showing signs of hope for bitcoin investors. Bitcoin is currently on 17k plus as of this morning when i check my binance app which is currently a good results as bitcoin has been stuck at 16k for a very long time. Investor and btc holders will be very happy seeing this significant rise although it is a volatile currency and can change its rate anytime yet its still a positive start to the new year.

https://i.imgur.com/CYnjlKf.jpeg

At this moment we can hope for the rise to continue and maybe hit a point where investors can boost of a good profit added to their btc coins.
I was directed here and have learnt alot and i will no longer call it a hasty decision if i were to get my own btc in my own wallets but i haven't gathered enough finance to do that and am looking to sell some of my old stuffs which am no longer using to start my own bitcoin journey. I have some stuffs like an old TV set, some old cooking gas and sone rusty old furnitures in my house which i think can fetch me some reasonable amount of money to start this journey and the good part of it is that I don't use these stuffs so its better to sale it and use the money for my bitcoin investment.

Just hoping we all can hodl up more longer maybe 2023 has something special it has to offer #keephodling

Since Bitcoin is known for its volatility, it makes it difficult to predict what exactly will happen this year.

One expectation is that institutional investors will continue to enter the market, bringing more legitimacy and stability to the crypto market. Many institutions like Fidelity, Goldman Sachs, and Morgan Stanley have already started offering services to help their clients invest in Bitcoin and other cryptocurrencies, which is a positive sign for the market.

It's also worth noting that there are regulatory changes that could happen in different countries, which could also have a big impact on the market. For example, a more permissive regulatory environment could help to boost the adoption of cryptocurrencies and prices, while a more restrictive environment could have the opposite effect.

It is important to remember that, despite the predictions, this is a highly speculative and volatile market. As with any investment, you should be prepared for the potential risks and do your own research before making any decisions.

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