As with any business some people are able to see a niche or create one
in order to better their financial status, others however might see an
opportunity but cannot capitalise on it. It really depends on the individual.
There are definitely plenty of chances available for people to earn more,
and its nice to get a real life example of this. Thank you OP.
Topic: This is why I'm not worried about Bitcoin price. - page 3. (Read 566 times)
My estimation is that we may go as low as $2.5k and stay for most of 2019 on average $3.5K. Then from Sep/Oct 2019 onwards hit again 6K and moving up to hit 10K by end of 2019. But if the growth happens sooner or later I can handle it either way. I just think that Bitcoin is not the best asset to buy and sit on.... one got to have a plan to keep harvesting to reduce risk and my advise for those who got a business try to implement receiving payment in bitcoin specially if you dealing with overseas customers or services.
I actually when started to use bitcoin back in 2012 was due to a logistic need and not because it got my attention. I was having a hard time with payments from abroad as my customers wanted the work to be delivered faster but waiting for about 7 business days from bank clearance and higher fees was not helping. Even I used Western union but again my bank was not for some reason happy with those transactions even though I always backed them up with my online work. So it came to a point I thought to use bitcoin just for the sake getting paid faster and almost fee-less and for a good time as soon as I received bitcoin I sold it into fiat straight away, but then when price start to move and I noticed that a $500 payment in just 2 days was already worth $650 I understood I was being stupid in selling it that fast
so that is when I changed my strategy and start to learn about bitcoin history and where it was heading to.
I think the best way to use bitcoin is to invest into something which you can control sell/buy. I think if I would have invested in bitcoin when it was at 10K or higher and waited for a big profit I would be gutted now too, so I feel the pain of those who went this way, even though this have worked for those who have entered the game "early". I think other avenues should be explored with bitcoin and even if bitcoin hits as low as $500 or less, just see it as a new opportunity to enter the game early again.
I actually when started to use bitcoin back in 2012 was due to a logistic need and not because it got my attention. I was having a hard time with payments from abroad as my customers wanted the work to be delivered faster but waiting for about 7 business days from bank clearance and higher fees was not helping. Even I used Western union but again my bank was not for some reason happy with those transactions even though I always backed them up with my online work. So it came to a point I thought to use bitcoin just for the sake getting paid faster and almost fee-less and for a good time as soon as I received bitcoin I sold it into fiat straight away, but then when price start to move and I noticed that a $500 payment in just 2 days was already worth $650 I understood I was being stupid in selling it that fast
so that is when I changed my strategy and start to learn about bitcoin history and where it was heading to. I think the best way to use bitcoin is to invest into something which you can control sell/buy. I think if I would have invested in bitcoin when it was at 10K or higher and waited for a big profit I would be gutted now too, so I feel the pain of those who went this way, even though this have worked for those who have entered the game "early". I think other avenues should be explored with bitcoin and even if bitcoin hits as low as $500 or less, just see it as a new opportunity to enter the game early again.
I'll be worried if we go below 1000 dollars because there would have to be a giant flaw in Bitcoin for us to go this low. Or Satoshi would have to sell everything on the market. The biggest trades are taking place outside exchanges. You don't even know what the real "price" is. And the real price is not the price of coins on manipulating bitfinex, but the price at which large investors are buying behind their backs to avoid fees.
bitcoin will grow in the future and you can have no doubt about it because it is very promising
I'm not worried about the price because firstly I have my own bitcoin stock which I hold and which I sell on a regular basis but in small portions to balance my earnings regardless of bitcoin be at $20k or 2K.
Secondly my customers from outside Europe pay me in Bitcoin and I always get the same amount of money regardless the bitcoin value at the time. So if bitcoin is at $20K great I get less bitcoin in payment but afford to have good return on my bitcoin savings. If bitcoin crashes to 1K it does not bother me either as I get a lot more bitcoin for each job I'm paid.
Lastly I got my private pension also invested into bitcoin via a Swedish based stock. I play with that a lot... like when bitcoin goes up even if a bit I sell my stocks and keep the cash and once it crashes I buy a whole more load of units and so my units are keep increasing since then.
So I feel sorry for those who did some cold investment, but this situation does not bother me at all, and since I have now sold my pension I kinda hoped bitcoin would go down even up to $500 as at that point I would by craploads of units back and wait for a new sell window not to mention the amount of bitcoin I would gather from payments on my current job which once bitcoin would just hit even 3K back would give me a huge profit.
So yes a lot of people upset about this situation but for someone like me for example I always have a win win situation no matter if it is high or low and I think some of you investors and bitcoin holders should think about ways of taking advantage rather then just buy and hope for the best. Don't be just a passive investor but an active one if at all possible.
Secondly my customers from outside Europe pay me in Bitcoin and I always get the same amount of money regardless the bitcoin value at the time. So if bitcoin is at $20K great I get less bitcoin in payment but afford to have good return on my bitcoin savings. If bitcoin crashes to 1K it does not bother me either as I get a lot more bitcoin for each job I'm paid.
Lastly I got my private pension also invested into bitcoin via a Swedish based stock. I play with that a lot... like when bitcoin goes up even if a bit I sell my stocks and keep the cash and once it crashes I buy a whole more load of units and so my units are keep increasing since then.
So I feel sorry for those who did some cold investment, but this situation does not bother me at all, and since I have now sold my pension I kinda hoped bitcoin would go down even up to $500 as at that point I would by craploads of units back and wait for a new sell window
not to mention the amount of bitcoin I would gather from payments on my current job which once bitcoin would just hit even 3K back would give me a huge profit.So yes a lot of people upset about this situation but for someone like me for example I always have a win win situation no matter if it is high or low and I think some of you investors and bitcoin holders should think about ways of taking advantage rather then just buy and hope for the best. Don't be just a passive investor but an active one if at all possible.
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