Topic: Think before investing, the moon has limits - page 2. (Read 402 times)

Sometimes people are simply blinded by Bitcoin's promise of wealth. Bitcoin does not directly give us wealth of course, but since its price is increasing so high in the past years, a lot of people are interpreting Bitcoin as a way to make wealth.

And it has indeed fulfilled that promise to a certain extent. It has indeed made a lot of Bitcoiners very wealthy to the point that some of them could have already joined the ranks of the world's wealthiest.

But it has to be realized that Bitcoin is not a money making tool. Sooner or later its price may fall or perhaps stabilize that our greedy price forecast is simply just a wild imagination. 

People should always keep this in mind, there's always a shift and this is something every investors and traders should watch out to happen and prepare to make a necessary adjustment, do not have affinity to your portfolio always be ready to sell at the right time and buy at the right time, timing is very important, and will guaranty you profit.

It will better if you move to the other coins, which have the potential to increase. That is what we should do if we see our target coin already rises so high. And if bitcoin continues to rise higher, the altcoin will have the potential to increase, so at that time, you need to research which coin that can increase later. But if you want to invest in bitcoin for a long term now, more than 5 years, you should not worry about the downtrend because that will be your best time to buy more bitcoin at a low price.

If the price will continue to rise it is a big risk to buy more, because we can posibly loss if the price will fall, just like what happen last year 2017 that was a bull run and a very quick falling of btc price occur and many investors loss on that, however if they manage to hold until now they can realy gain a very big profit on holding, that is why in crypto, we cannot really predict on when we can get the profit that is why patience is always a virtue on crypto.

$1 billion per BTC, I guess that's already unrealistic because the total money in the world is only in trillion.

Bitcoin could reach $1 million each but it would not reach into billion, it's impossible.

Always good to remind yourself this.

I don't expect this bull market to sustain forever, but in the short run with a market with such FOMO like currently there is no guarantees that people are going to act completely rationally.

Which is why I think as a long term holder, the best thing to do is exactly what you've done for the past few years - keep holding. Selling off now is a good strategy if you are a day trader, but if prices keep going up then psychologically you might feel inclined to buy back at a higher price, which is completely counterproductive.

I am buying BTC for the long term usage case as a hedge against fiat collapse, not to take advantage of price swings.

I have spent maybe 50+ bitcoins in my life, most of it was before 2015 so it was basically as cheap as it gets, I remember once I paid someone 10 bitcoins just to build me a website (was a complex website to be honest) and that was about 4k dollars total, bitcoin was 400 dollars per bitcoin back then, now that would be over 500k dollars.

I feel regret as well and I do not even have 1 bitcoin right now, so I do feel sad. But, I soon realized, it doesn't matter what the price of bitcoin is, I think it is obvious that we should not be considering the fact that its high or low, we just need to consider how much bitcoin we have, that is why ever since I realized this, I keep buying bitcoin as much as I can, sometimes more and sometimes less but I keep buying, I would buy from 60k if it happens when I have money, I would buy from 100k if it happens, all I care is having as much bitcoins as I can.

We talk about investment and of course, the moon has limits, but the limits will replace by another limit, always like that. Bitcoin $1K, $10K, $100K, $1000K and more. We see the fact that only people who can become a holder will happy. So don't worry about the limit, you should focus on buy and hold

In the real life we cannot hit all of the good and jackpots of life in which sometimes we invest on bitcoin but still it didn't pump up or it dumps, sometimes when we invest after a week or months the investments become successful. What I am talking about is that it is all based on the risk that we are giving because sometimes there are people who will just talk and talk but still cannot invest their own money. Investments is a big risk and it is really a personal choice and personal decisions because once you invest and it fails then you would wait again for some years in order to get what you have been lose for. Just like what the others are saying right now, go and buy bitcoin right now and enjoy the the destination to the moon.

Whenever the prices are rising everyone says we miss the opportunity to invest at low price levels and if we have done investment earlier we would be enjoying profits now.On the opposite side of the coin when market is witnessing crash or dip those who want to invest gets panic due to FUD's spreading in the market and again losse the chance of investing at that time.People will always make excuses no matter how much you explain them to invest in btc.So its their personal choice of investment and time to invest or not.They are just missing the train to the moon and will see others travel to the destination who have made investments at this time.

The truth, but also the danger. Because we all know nothing rises to infinity, we all think even $1 billion is realistic. And then $10 million is even more realistic, and $100000 is the surest thing.

But all these numbers are equally far away from infinity, is what our minds cannot grasp:)

Be safe not sorry, everyone!

Still boils as how to look at investing in bitcoin, if you are here for the long term then for sure, you can buy even at top and just HODL. So if there is an imminent crash, you won't be affected by it and just continue to accumulate until such time that you have enough in your wallet that you can bet set for life.

I agree with diversification, but I would rather invest on non-crypto, i.e maybe stocks or golds or even a piece of land.

Yeah, well the moon has limits but the point is, what are those?

Many people expect Bitcoin to overtake gold as the best store of value in the world, that would mean a 10x from now, not bad. I don't agree with the general view that because the price is constantly rising and breaking ATHs, it has to crash soon. In fact there is a trading strategy (in the stock market) consisting in buying precisely when there is that tendency, because that means the asset is strong. We can't just get a general rule here, we have to consider the particularities of this precise asset and everything points to Bitcoin keeping rising during at least the following months.

As for diversification, if that means outside the crypto world, I agree. Having almost 100% of your net worth in Bitcoin is very risky. Probably very profitable also but very risky.

This is wrong. Just because price is rising that doesn't mean it must crash soon. For example the last time price continued rising from 2015 until the beginning of 2018. That's 3 years of continued rising with only corrections until 2018 the crash happened.

Keep in mind that not so long ago people were calling for a crash and price was barely $4k!

This needs clarification whenever you post on "bitcoin" forum.
Most newcomers here think diversification means buying altcoins but that is the worst thing anyone can do in the name of diversifying. Diversification means buying other assets that have nothing to do with bitcoin like stocks for example.
In other words if you are buying altcoins you are NOT diversifying.

Been thinking about that and most of it was regret.
Although I had my joy when spending it back then. That won't be paid by any kind of money.

Anyway, don't ride the expensive boat. That's one of the things I learned in this forum 4 years ago.
Up until now, it's still like a motto of mine. I'm the cheap type of person and I want everything to be as cheap as it could get before I buy them.
After that, what every investor need is patience. But I doubt they will have it if the mindset is being a millionaire in an easy way.

We should be careful on that scenario when price rises so fast, it's beyond our control that's why we're always liable. Keep monitoring your holdings, and once you've noticed a huge signs of market dump then don't hesitate to sell your asset and take your profit immediately. Don't risk and hodle when there's no assurance of recovery.

If the bitcoin price increase, you need to wait for a while because we do not know if the price will increase or not, and if the price is down after that, we can prepare to buy bitcoin. But if the price still increases, you need to hold yourself and not try to buy because the situations are not good if you continue to buy. If you can hold and analyze, maybe you can know if you can enter the market and buy some bitcoin, so you can sell it and make a profit when the price increases. But waiting for a while will be good for you as you can know what will happen to bitcoin later.

The Bullrun has to end someday, buying now will correspond to higher risk but it is too amazing why many were still have to risk and buy more, it is just because they believe that in the next 5 years, 10 years Bitcoin will reach to $1million? We can't stop those beliefs but there is a need for us to think as well that all of this speculation, market prediction can't all be right. And the question also if we can help ourselves to have that patient?
I hope people realize the risk and not too optimistic coz too much expectations are really hurt when we fail.   

The Moon will always shine in the evening no matter what the condition of the world is.
So this also Mean that even if the price falls when you Bought in high value yet It will grow up in the near time, But of course this is only for those coins that assures us to be legit and valuable Like Bitcoin.
If you suddenly experience a Huge dump just right after Buying just Keep the Hold and it will grow.
Means also One thing that all the funds we must invest is the amount we can risk and Lose in chances of we cannot expect.

People would be kicking themselves not buying at 20K with that attitude, now that we are talking 60K. Will BTC ever drop to sub 20K again? I doubt it, just considering Elon Musk's, Michael Saylor's and the Winklevoss BTC holdings now. Other whales we've never heard of who are also totally not into the trade game have entered the arena as well.
The only good time to buy and start HODLing BTC is now. Yesterday already happened.

Diversifying in altcoins I would not recommend. We have only seen losses so far against BTC for the vast majority of these. Even mathematically sound alts (that are literally forks of BTC!) such as Litecoin never achieved the ATH again so far. That is quite disappointing I would argue in a massive bullmarket.
Michael Saylor makes many arguments against investing in almost anything else due to real inflation.
I think investing in property might be the only other worth while thing to keep your assets safe over a long period, but it's a major headache compared to BTC.

Some I'm sure would consider Berkshire Hathaway to be kind of that infinity category. 40 years of continuous asset rises is probably enough for most people's lifetimes.
We've just had a decade of BTC rises. Who can say that will not continue for the next 3 decades at least.
BTC is MUCH easier to get and hodl than a single Berkshire Hathaway stock ever was. That might give you a possible indication what could happen.


Invest money you can afford to lose right now. Then HODL, don't trade.