Investing in Bitcoin is very much a matter of patience as not all individuals can be patient. To invest in bitcoins one must avoid greed because (when there is a little profit, greed works inside us and we sell it). Everyone will be rich if the price of Bitcoin goes up but few will survive if the price of Bitcoin goes down. That's why I want to say but patience encourages human resources and time which is self-evident. Unique individuals who are successful have proven themselves to be very patient.
Topic: The truth about investment (bitcoins) - page 3. (Read 364 times)
Profits from investments in Bitcoin are due to price fluctuations and instability. The state of instability results from the lack of full adoption of these assets in terms of use, which proves the data that 80 percent of Bitcoin users are investors and the rest use it as a payment system. If the adoption of Bitcoin is generalized, its price will certainly go towards stability and trading will become the only way to achieve profits. The current period is an opportunity for investors before full adoption takes place.
However, when Bitcoin has reached full adoption and there is no more gain in value, then bitcoins will no longer be profitable for anyone but the traders.
It's possible that at some point Bitcoin will be overvalued, it will keep rising as if its getting more adoption, but in fact adoption will be barely moving. Unlike with stock markets or other assets, in Bitcoin market no one seem to care about fundamentals like number of users, number of merchants that accept Bitcoin, etc.
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness.
I guess you very correct on the part about smartness in investing. Bitcoin investment is similar to every other type of business which is no doubt expose to ups and downs, the fluctuations in the market can and has made so many investors calculated wrongly due to the fear about their investment going A WALL. Only the smart one who are willing to hold and buy more during the dip and it doesn't necessarily need for you to buy big but continues DCA strategy can go a long way. In every other business. So the fact is that , success in investment is directly linked to smartness.
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In every other business. So the fact is that , success in investment is directly linked to smartness.
It deals with smartness while also circling around patients. Some investors have the zeal to invest but may not have the patience to hold their coins during a bear market. You are right that not everyone will make a profit, but the fact that if you don't sell your coin cheaply, you will make a profit is correct. Some investors also invest wrongly in Bitcoin, which is why if the market becomes so bearish, they become scared thinking that all their assets will get liquidated, so they rush into selling for just a little or no profit. The reason why I said some people invest wrongly is because if someone is earning like $1000 a month and they decide to start investing in Bitcoin, on their first investment, they buy $700 worth of Bitcoin, and after a week, the price of BTC drops by -15%, leaving their asset at a significant loss. Let's say at that moment when the price is down, an emergency comes up for the man, and he needs instant $500 to solve the problem. At that point in time, if his Bitcoin investment is his only option to solve that problem, he would not mind selling at a loss. That's why it's good if we always map out our budget and only invest the right amount in Bitcoin, so it doesn't affect us.
Cheers 🥂, Dr.Bitcoin_Strange 👺👺
Bitcoin doesn't work like that, it seems you're describing a Ponzi scheme investment.
Because IMO, success in investing is not a zero-sum game where one person's gains come at the expense of another's losses. The crypto market is highly dynamic and can provide opportunities for multiple individuals to profit simultaneously. Besides, different investors have different entry and exit points and investment horizons which means they can experience different levels of success at various times.
Now it's a funny fact that people now store the value of Bitcoin instead of using this alternatively in fiat transactions.
It should be the use and recognize the broader scope of Bitcoin's adoption and the potential benefits it offers beyond just financial gains.
Because IMO, success in investing is not a zero-sum game where one person's gains come at the expense of another's losses. The crypto market is highly dynamic and can provide opportunities for multiple individuals to profit simultaneously. Besides, different investors have different entry and exit points and investment horizons which means they can experience different levels of success at various times.
Now it's a funny fact that people now store the value of Bitcoin instead of using this alternatively in fiat transactions.
It should be the use and recognize the broader scope of Bitcoin's adoption and the potential benefits it offers beyond just financial gains.
I mean, I get you in some aspects but, some seems odd.
Anyway,not all holders becomes victims. In your trying to speculate what happens with holders and getting rich, you seem to have left out the new investors. Those are the once that could as well affect the demand curve and the miners as well who continue to mine new bitcoins into circulation.
The possibility of bitcoin serving for an investment has made holding a very lucrative thing go do but, not without downside on its use case. You wouldn't want to see and before you could buy it back, the market boosts.
To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim.
You are describing a Ponzi scheme where the product has no value besides being resold to the higher bidder who now have to look for someone who would buy it at an even more expensive price till it crumbles.Bitcoin has utility besides its market value and isn't sold at the expense of the buyer.
I agree with @OP, in every action there is always an exact opposite reaction. The law of equilibrium. In the market, when someone gain, someone also losses. Like when we sell our BTC @ $100k, we gain $100k, while the buyer losses $100k but in return we losses the BTC while the other party gain BTC. This is exactly what happen in an open market.
We all know that bitcoins has its various usecases but 80% of holders are profit driven.
80% ? Why not 100%Let's be honesty, all hodlers are profit driven at the very least. Otherwise, what would be the point of hodling if one is not in for profit?
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To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim.
It's not only HODLers who are buying or using bitcoin. We have day traders and then those just using it for transactions. So that where the money comes from.
A person only chooses to be a victim when they sell off their Bitcoin at a price lower than the buying price
To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim.
You are describing a Ponzi scheme where the product has no value besides being resold to the higher bidder who now have to look for someone who would buy it at an even more expensive price till it crumbles.Bitcoin has utility besides its market value and isn't sold at the expense of the buyer.
Investing in bitcoins is not yet a zero-sum game. As long as the value of a bitcoin continues to rise, everyone can be a winner (though some more than others).
However, when Bitcoin has reached full adoption and there is no more gain in value, then bitcoins will no longer be profitable for anyone but the traders.
However, when Bitcoin has reached full adoption and there is no more gain in value, then bitcoins will no longer be profitable for anyone but the traders.
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness.
In every other business. So the fact is that , success in investment is directly linked to smartness.
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