Topic: The BTC stability - page 2. (Read 652 times)

You know it’s everyone’s goal to accumulate a lot of bitcoin, so instead of seeing it as dangerous, I find it more as an advantage and an edge in the future than those who have never invested at all. Risks may be there for sure but if you know how to take calculated risks, you will definitely not suffer from a loss but most likely experience massive profits.

However, if you are trying to invest and maximize the amount of bitcoin in exchange for quick profits, you will only be frustrated in the end. Don’t fall for quick profits as they may only be for temporary but focus more on creating a long term investment, and going into bitcoin will be a perfect choice.

The question is why could this be dangerous for him? Even though we have all seen how Bitcoin moves towards high prices in each cycle, there is no such thing as a loss for those who want to hold it for the long term, especially if they inherit it straight away without having to struggle anymore to collect it. I don't think that fluctuation is a bad thing because based on the evidence and facts that have happened to Bitcoin, it is always able to provide more things to its holders in the long term.

Yup, that's what I said. Bitcoin IS the diversification. I can only think of Ethereum as the other mature digital asset (okay, Ether), and possibly Monero, but it's a privacy coin and will never be mainstream.

Whatever you think of any other 'crypto', everything relies on Bitcoin. It just doesn't make sense to dilute your BTC further into alts, unless as I said, you're speculating on shortterm gambles

Diversification is necessary though, if you rely on savings and investment income. And also it's nice to have a bit of government insurance on bonds. Guarantees don't exist in Bitcoin, and not everyone can afford to live during bear periods. Not everyone is capable of inheritance management for Bitcoin too. If I died today, at least my next of kin immediately gets my bonds/funds savings. The Bitcoin bit is harder, I have to hope my family know what to do with the instructions I gave lol

I don't deny that the original intention of bitcoin was to be a decentralized currency but with what is happening now, bitcoin is being used more as an investment and we need to adapt to the current situation. With the popularity of bitcoin and its recognition by governments as well as the approval of ETFs, it is no mistake that people are gradually considering bitcoin as a reserve currency. Why not when it has become more secure and reliable? The value of bitcoin always increases over time because demand is increasing while supply is limited. So there's nothing wrong with using it to diversify assets just as there's nothing wrong with using it to prevent loss of value.

You talk like someone that is not deeply rooted in trading, it is not respective of how many times histories look similar but the warning towards the time of deviation. Nothing works perfectly even if they have done that before and what is happening with Bitcoin recently should have hinted to you of this. This is how every asset behaves, so Bitcoin can't be an exception, it is only a matter of time before everyone knows this and faces the reality.

Fine, Bitcoin has had some beautiful patterns/cycles in the past, but it is due to the fact that the people in control then have the same mentality/ideology towards it, so they turn it into a tradition which makes it behave in certain ways in cycles. But things are changing, especially this time that Bitcoin is now being majorly controlled by institutions and not by the old whales as people called it, who understand and manipulate it the same way, and also preach the same to adopters.

How it behaves at the weekend should have also told you something, it will get to a time when it will not be business as usual, nothing happens in the past that will always be replicated in the market, it is not possible, it can only take time. The earlier we plan for it, the better for us as no asset can always be behaving in such a way that people will always be able to cheaply predict it as it was in Bitcoin. If it continues forever this way, then it is not dynamic like other markets, which I will never believe. Expect more deviation soon!

People don't understand that Bitcoin is not that risky and that they always talk about its fluctuations and the impact of the resulting risks.
Now we have experienced periods where the price of bitcoin continues to grow and from here we can learn that when holding it for the long term there is no risk to worry about.
Bitcoin is the best asset for the long term because bitcoin is so strong in the market and market capitalization also continues to grow until it reaches its highest figure.

If one is holding for the long term then I believe there is nothing to worry about as the cycle will continue to show new price changes.

An accident can happen to you at any moment while you are walking down the street, just like the price of Bitcoin can go down and up due to volatility. How aware you are depends on what you can do with your moves or bitcoins. See if you have a lack of knowledge about bitcoins the price variation of bitcoin will scare you, if you have a good understanding of bitcoin then you will surely understand how far you can go by investing from here, because the price variation will drive you forward. You can die in 10 seconds and die in 10 years, Isn't it risky? Is Bitcoin more risky than your death? you just need to understand what Bitcoin is, why Bitcoin is so valuable, when it is right for you to invest and when to withdraw money from it.

Bitcoin is still volatile and in view of traditional investors from traditional markets, it is still more volatile than their normal acceptable level. Fortunately nowadays after 15 years of growth, Bitcoin in 2024 will not crash to $0 and will not disappear.

I am quite confident in Bitcoin that it is here to stay in future and its value, price will continue to grow more and get higher figure in price on trading market. The world can have more physical gold bars from gold mining and production but Bitcoin will have only 21 million bitcoins in total supply. We know that figure for Bitcoin total supply won't be changed and in first two quarters in 2024, with appearances and activities of Bitcoin Spot ETFs, their demand to purchase bitcoin is bigger than total new bitcoins appear from mining.

New demand is much bigger than new supply is a fact that can be seen by everyone.

Invest intelligently with DCA and don't forget to keep your eyes on Bitcoin Fear and Greed Index chart.
https://www.lookintobitcoin.com/charts/bitcoin-fear-and-greed-index/

Well if history is anything to go by, bitcoin is definitely an asset worth your time and money. It's not like it only happened once, in bitcoin's 15 years it has given way for many people to make profit.  in the past bull runs, bitcoin's price rose significantly.
Well at least now he owns some bitcoin without really any money spent. It is now up to him if he wants to sell or continue letting his bitcoin grow.

I like your thought about Bitcoin and it is unlike many people who are always blinded by it. Perhaps this is due to what they are reading and hearing from friends and online and through the past histories of the coin. They forget that history does not have a future indication in financial trading and investment, it may happen though but there has never been a guarantee on such a thing. Fine, Bitcoin is a very good asset and it can make you rich if you know how to go about it, but the size is too large now, there is no magic it can perform and it will always discourage some investors, so it will get to some points that liquidity will be a very bitting issue in the future.

This is why it is good to invest and divest Bitcoin at the right time to avoid it betraying your trust. I also pity that man with his 80% patrimony in Bitcoin, if care is not taken, he may face challenges over it or find it difficult to make any reasonable amount from it, but this is of course depends on the price the Bitcoin was bought, I hope it is at a low price.

This hints to at least learn how Bitcoin works so that the person can know when to buy and sell. This doesn't mean he will not be holding his Bitcoin at times but trying to outsmart the whole situation to maximize earning. Lastly, being a good speculator will go a long way in fixing all investors and traders aright, but folding one's arm in the name that he trust Bitcoin so much may one day blow on his face.

Why you contradicting yourself? You just said it's awesome seeing the capabilities of bitcoin (of which I believe you must have done your research and known about such capabilities before going on to say that) and the same you is trun around to say it's dangerous for all of us investing in it. Maybe you could have cleared the air by what danger you're implying.

Well, for me  as a bitcoin believer, i can always advocate for every investor to invest the amount he can afford to lose and this amounts is subjective to every individual financial capacity. For those that have an understanding of how the profit system of bitcoin works despite the volatility, their focus is  usually long term.

Bitcoin price has a variable structure. It provides profits to its investors at certain times, but it is also important at what price the investor buys Bitcoin. Many Bitcoin investors are investors who can wait for the long term and therefore make profits. If you do not make long-term planning or do not have the potential to protect your investment against any negativity that may occur in the market, your investment may be risky.

A planned investment management makes it easier to deal with any situation. If changes in the price of Bitcoin are at a level that harms the investment strategy or the company or person investing, a major problem may arise.

Since it is not known where the price will go, the most important thing is to take risks and manage to wait. In order to take this risk, the necessary economic conditions must be met.

If your investing in bitcoin for a long term, there is nothing you stand to risk or lost because you're going to be profitable in this, this is one of the most rewarding investment one can venture into and take advantage of aside the old ones we have been used to in altcoins sections or other physical forms of investments, with bitcoin, there is great delivery capacity for profitability of security only for those who have the understanding of how they can achieve all these.

We all know how bitcoin is a high-risk investment, the same way it can go up to the moon, it could crash at any moment, and isn't hard for that to happen, just think what would happen if an early investor decided to sell all his bitcoin, we would see how the markets crash hard. But that doesn't mean it would die, it is just a momentary crash, so, bitcoin is about holding, if you can hold for several years then you will find success at the end of the tunnel.

Bitcoin was never meant to be a reserve currency for any big company or a country, it was created to be a peer-to-peer electronic funds transferring method working in a decentralized manner and having no involvement of any third-party or authority in doing anything because everything is done by the network itself. I know that it has mostly become an investment asset these days and people use it to get profit for their investments, but that wasn't what it was created for originally.

Even big companies and firms these days are utilizing Bitcoin to increase their net worth because they know it has a volatile nature and it goes up and down in value and they can use this as an opportunity to increase their wealth and have more money for their company and businesses they own and manage.

Having higher holdings in Bitcoin is not dangerous in my view if you have control over your investment strategy like, if you've bought all of your targeted coins on an unplanned strategy there's a higher chance that you'll suffer a loss, wether its planned for mid-term or long term because the accumulation strategy you decides is for risk management. As you are investing in a volatile asset and you are not timing and controlling your investment how can you be sure of good returns as you didn't even time to buy at cheap?

So having many bitcoins wont be dangerous if you've planned your accumulation, for sure there's huge potential in Bitcoin but if you are buying at peak and expecting the unrealistic profits how it can be safe.

As long as you know what you are doing, then investing in bitcoin will never be highly risky. It only gets risky if you come to invest for greed and quick profits, which I think will be hardly impossible with bitcoin. Although some still get some short term profits, but if you want to maximize the profit potentials of bitcoin, then invest for long term.

However, diversification is a big thing with any volatile investment. Don’t put all your eggs in one basket, even if it’s bitcoin, learn to diversify and invest what you can afford to lose despite of its high profitability potentials.

There are big companies that have a lot of Bitcoin and keep trying to have more Bitcoin every period, don't they know the risks? They understand better why they do it in Bitcoin in the long term.
The volatility of the Bitcoin price is justified, but in the long term Bitcoin has historically proven to be the best hedge.

The rich man you watched in the video understands Bitcoin so 80% of Bitcoin is his inheritance.
For you it is dangerous, for him and those who understand it it is not dangerous and I believe in Bitcoin as the best asset that deserves to be inherited.

Bitcoin is less volatile now than what it was in the past, and the more strong-willed hands we have holding the currency, the less volatile it will be.

You shouldn't be all in in anything. That carries too much risk. Hold a big enough position that you are comfortable with, but also consider allocating some money and wealth into other asset classes. Gold, real-estate, rare watches, stocks, etc.

This was my first time to come across the word patrimony so I had to check the meaning. Based on a few authors or works I have read the word means inheritance or heritage. So I assume that the original poster is saying that 80% of what he inherited from maybe his father or other relative is in Bitcoin. If this is what you meant, I would say you are lucky to inherit Bitcoin because it is far better than other investments.

Keeping 80% of your investment in Bitcoin is not a bad idea but it is risky to put plenty of eggs in one basket. However, I can consider keeping that amount of Bitcoin as an investment because the currency has stood the test of time. Even with its volatility, it is still better than many investments.

I have always believed that the real estate sector was safe until the government began to demolish buildings in my area without compensation. War and natural disasters can also make the real estate sector go bankrupt. Since its inception, Bitcoin has not failed long-term investors so investing the majority of your funds in it is more profitable and also safe.  At least it is far better than keeping your money in fiat.