We dont own enough bitcoin - page 2.

yudi09

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Quote from: pawel7777 on January 12, 2024, 12:25:37 PM

Quote from: yudi09 on January 12, 2024, 11:03:41 AM

Trying to balance Bitcoin, real estate and gold investments is fraught with challenges. If I can still try to keep Bitcoin regular with DCA, I also do gold based on financial conditions. Trying to add to real estate is still out of my reach.

One of the issues is a dilemma of whether to re-balance your portfolio, or just put a specified amount on a regular basis and just let it be. Re-balancing is probably a sensible option, you aim for your crypto-holdings to be no more than 20% of your portfolio, so if BTC shoots up and becomes more than that 20%, you sell the excess to put in other assets. But than many would ask themselves why sell their best-performing asset in favour of anything else.
As for real estate, just as with BTC, you don't have to buy a whole house or whole bitcoin. You could purchase property jointly with other people or just invest in REITs.

So true. Real estate does not require you to buy it all but you can do it together with other people who have plans to buy it or plan to invest in it.
For me, I currently need a house that I don't fully have yet because I still have to pay it off. Other real estate assets are not yet on my list of must-haves even though I admit I want them, but not right now.
I try to provide a balance in the types of investments between home, gold and Bitcoin.

Bitcoin and gold are types of investments that I try to share in different percentages. The percentage on Bitcoin is a bit bigger but not too much different from gold because gold is still very valuable for other people which I can use as collateral to get something I want, including when I want to pay off the entire mortgage fee.
Bitcoin remains an asset I probably won't touch because Bitcoin's returns are very different to gold.

fuguebtc

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Quote from: Cryptmuster on January 14, 2024, 09:31:16 AM

Quote from: nimogsm on January 14, 2024, 07:45:56 AM

For me personally, Bitcoin (and crypto) is not the main source of my savings, but only one of the methods. I had a period in my life when I thought it was a whole cult and was very fanatical about it, but this time has passed since I have been in this industry.
Of course, now is a good opportunity to buy more bitcoins for yourself while the price is more affordable. And in the topic they correctly said it is important not to forget to just live and not focus all your free time on bitcoin, everything should be in moderation and there should be a balance in these things.

You should never concentrate all your money in any one asset, you should always remember that diversification will help preserve your funds if one of the assets causes losses. Bitcoin is a great opportunity that is definitely worth taking advantage of, but I agree that it should not be your number one goal in life. It may be too late to buy now, at least I wouldn’t do it now, perhaps if a correction happens, but not now.

But I think there is nothing wrong , and too bad when we focus on a single asset like bitcoin. I mean, there are a lot of people who have a lot of difficulties and hardships in life and they don't have too much money to diversify their assets and diversification will reduce their profits . Therefore, they need to accept risks and step out of their comfort zone to find ways to change their fate . Because sometimes if we are always scared and fearful we will never change our lives . Or until we change our lives, we are too old and our parents no longer have enough time to wait for us to succeed .

As long as you always get up after every fall , always dare to face challenges and know what you are doing , you can accept risks with bitcoin. It's worth a try .

passwordnow

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It's still best to own as many assets as you can. With all the comparisons of owning assets, we're on a market that we have a lot of idea already and the pros and cons of it so we typically going to be in favor of saying that owning Bitcoin is much better than owning gold, real estate, stocks and the other assets or investments that we can own. If I'll choose two or three, I'll never drop Bitcoin as it is always going to be part of my list together with real estate.

I guess by just having this two, you'll be able to survive and if fortunate, you'll be able to retire with these great assets and you can enjoy your life without having to worry with anything because it can make you financially free. While with the real estate, you will have continuous source of passive income and the same goes with bitcoin that you'll have your retirement plan ready just in case the price soars to the amount that you've been waiting for.

My tip to those that think that they still don't have enough Bitcoin, just HODL. Don't be like me, I've sold too early but luckily I am still holding and will decide to sell these in the future without any regret at a right price.

Popkon6

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Quote from: tread93 on January 04, 2024, 05:35:19 PM

The thought and belief of not having enough of something brings forth the constant pursuit of that object. Thus, acting as if we never have enough of a resource will allow us cognitively to always be looking to acquire said resource and then eventually this will lead to a surplus, right? Gosh I hope so! Becuase I sure need to get more BTC and I don't have enough!!!

Bitcoin is better to hold, as many investors have been clinging to Bitcoin since the past to fulfill their dreams. So there is still plenty of time to grab bitcoins because if you want to deposit bitcoins you can definitely deposit them. I don't want to stick it in any way as long term hold is best. But (I didn't act like a fool, because I didn't put all my eggs in one basket) I kept my invested bitcoins in different wallets.

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Quote from: Lorence.xD on January 14, 2024, 04:34:40 PM

Quote from: GiftedMAN on January 14, 2024, 02:33:03 PM

Quote from: dlightag on January 14, 2024, 10:31:12 AM

Information is very important, having a enough Bitcoin to hold for a long time investment requires adequate information towards the industry, which is the right time still being open to anyone, just that price of Bitcoin keep increasing in every session of circle that always occur after Bitcoin halving.

The rich can be seen as people that have e ought Bitcoin. An average man or investor can only afford units of Bitcoin which might not even be up to one Bitcoin. Those that have large numbers of Bitcoin are the ones that are able to control the market. The market is huge and it takes large number of Bitcoin for everything to change. The whales are institutions or companies that has high numbers if Bitcoin and they can decide to shake the market if they want. We can still make money from Bitcoin even though we don't know have large amount of Bitcoin by holding it and also staking for as long as we want before we decided to sell.

An average investor could still profit from Bitcoin's volatility even a small amount of Bitcoin. And those you have mentions institute or companies that we also known as whales, even if they hold a huge amount of Bitcoin or can manipulate the market by selling or buying bulk of Bitcoins, people are also taking advantages of those as well, so people can also benefits from their action that's why some have some groups of whale for people to be aware of their calls, you just need to be careful as there are a lot fake whales that can gives you wrong information.

Many bots are used to monitor whale movements so that we can be prepared for what the whales will do. But don't fight the whale, don't go against the current, it's better to wait what the whale will do to be safer. High price fluctuations make crypto the best place to double profits in an instant, but you have to know how to manage and see opportunities that can be profitable. be careful in every decision you make, don't believe in the manipulation that the pope will do, don't panic too much.

Lorence.xD

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Quote from: GiftedMAN on January 14, 2024, 02:33:03 PM

Quote from: dlightag on January 14, 2024, 10:31:12 AM

Information is very important, having a enough Bitcoin to hold for a long time investment requires adequate information towards the industry, which is the right time still being open to anyone, just that price of Bitcoin keep increasing in every session of circle that always occur after Bitcoin halving.

The rich can be seen as people that have e ought Bitcoin. An average man or investor can only afford units of Bitcoin which might not even be up to one Bitcoin. Those that have large numbers of Bitcoin are the ones that are able to control the market. The market is huge and it takes large number of Bitcoin for everything to change. The whales are institutions or companies that has high numbers if Bitcoin and they can decide to shake the market if they want. We can still make money from Bitcoin even though we don't know have large amount of Bitcoin by holding it and also staking for as long as we want before we decided to sell.

An average investor could still profit from Bitcoin's volatility even a small amount of Bitcoin. And those you have mentions institute or companies that we also known as whales, even if they hold a huge amount of Bitcoin or can manipulate the market by selling or buying bulk of Bitcoins, people are also taking advantages of those as well, so people can also benefits from their action that's why some have some groups of whale for people to be aware of their calls, you just need to be careful as there are a lot fake whales that can gives you wrong information.

KennyR

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The limited supply of bitcoin makes people feel that even the small fractions we were able to hold are enough. It takes time for people to realize the market and get into it. Anyone who doesn't have much technical knowledge will surely find it different when something with a virtual presence is mentioned as having value. When it was available at a low price, people weren't aware of it, but when people became aware of its growth, it had grown much higher, and common people were able to buy and hold small fractions. The rich can afford to buy much, and they're enjoying it to the fullest.

GiftedMAN

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Quote from: dlightag on January 14, 2024, 10:31:12 AM

Information is very important, having a enough Bitcoin to hold for a long time investment requires adequate information towards the industry, which is the right time still being open to anyone, just that price of Bitcoin keep increasing in every session of circle that always occur after Bitcoin halving.

The rich can be seen as people that have e ought Bitcoin. An average man or investor can only afford units of Bitcoin which might not even be up to one Bitcoin. Those that have large numbers of Bitcoin are the ones that are able to control the market. The market is huge and it takes large number of Bitcoin for everything to change. The whales are institutions or companies that has high numbers if Bitcoin and they can decide to shake the market if they want. We can still make money from Bitcoin even though we don't know have large amount of Bitcoin by holding it and also staking for as long as we want before we decided to sell.

dlightag

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Information is very important, having a enough Bitcoin to hold for a long time investment requires adequate information towards the industry, which is the right time still being open to anyone, just that price of Bitcoin keep increasing in every session of circle that always occur after Bitcoin halving.

Riginac111

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Quote from: Darker45 on January 04, 2024, 07:03:35 PM

Bitcoin is wealth. Human beings are insatiable. So it is but logical and natural for human beings to not stop accumulating that which they desire. I have yet to hear a person who says I'm done earning money and from this day on I won't be looking for money anymore. On the contrary, even people in their old age want to make more money, not necessarily by working but they want to grow their wealth. This is probably the same explanation with people not having enough Bitcoin. But for as humans, echoing Nietzsche, it's probably the desire rather than the desired that truly drives us.

the history that I always tell people concerning money so from my own way of understanding of money earning of money is the infinity and human being is unsatisfiable when it come in terms of money so accumulating Bitcoin is like someone who is picking money or who is parking money to a particular place the person can never be satisfied until the money got finished before the person can be able to live the environment

One thing that troubles people is that they don't know the strategies of accumulating in their Bitcoin but no one who knows about Bitcoin of having Bitcoin, the essence of this is that both earning of money and the earning of Bitcoin is unsatisfiable to human being provided that we exist

Cryptmuster

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Quote from: nimogsm on January 14, 2024, 07:45:56 AM

For me personally, Bitcoin (and crypto) is not the main source of my savings, but only one of the methods. I had a period in my life when I thought it was a whole cult and was very fanatical about it, but this time has passed since I have been in this industry.
Of course, now is a good opportunity to buy more bitcoins for yourself while the price is more affordable. And in the topic they correctly said it is important not to forget to just live and not focus all your free time on bitcoin, everything should be in moderation and there should be a balance in these things.

You should never concentrate all your money in any one asset, you should always remember that diversification will help preserve your funds if one of the assets causes losses. Bitcoin is a great opportunity that is definitely worth taking advantage of, but I agree that it should not be your number one goal in life. It may be too late to buy now, at least I wouldn’t do it now, perhaps if a correction happens, but not now.

nimogsm

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Quote from: tread93 on January 04, 2024, 05:35:19 PM

If we have this mindset then we will always be trying to get as much of it as we can. Lets face it, getting BTC is at this point more rewarding for the average person than buying Real Estate, Gold, Silver, Oil stock, etc. Lets keep stacking! I DON'T HAVE ENOUGH, WE DON'T HAVE ENOUGH!!! STACK SATS!!

For me personally, Bitcoin (and crypto) is not the main source of my savings, but only one of the methods. I had a period in my life when I thought it was a whole cult and was very fanatical about it, but this time has passed since I have been in this industry.
Of course, now is a good opportunity to buy more bitcoins for yourself while the price is more affordable. And in the topic they correctly said it is important not to forget to just live and not focus all your free time on bitcoin, everything should be in moderation and there should be a balance in these things.

blckhawk

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Quote from: Games.Bitcoin on January 13, 2024, 12:02:27 PM

We humans are the only animal on earth whose needs are endless. We only care about earning till death. But accumulating money is not the main purpose of life. So no matter how many bitcoins we own, we will never say I don't need bitcoins. So thinking directly and indirectly it would seem that we never own enough bitcoins.

It's sad but true, it's because we're progressing as a species and we have to continue expanding our technology that we're forgetting to have simple lives. We also as a species have stopped trying to live on survival mode most of the time so we got lazy and our brains go to weird places which ends up with us thinking of ways to reinvent stuff that was not needed in the first place. I totally agree that we will never be satisfied with how much bitcoin we need because the economy of the world and most countries are getting worse by the day and so the price of essential stuff is going to go up and so what we've been saving is almost always not enough, I don't think that we'll ever be like that forever though, we can always teach ourselves to be happy with what we've got and train ourselves to stop whenever we're to reach the limit.

Ale88

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Quote from: Hypnosis00 on January 13, 2024, 09:19:26 AM

Quote from: tread93 on January 04, 2024, 05:35:19 PM

If we have this mindset then we will always be trying to get as much of it as we can. Lets face it, getting BTC is at this point more rewarding for the average person than buying Real Estate, Gold, Silver, Oil stock, etc. Lets keep stacking! I DON'T HAVE ENOUGH, WE DON'T HAVE ENOUGH!!! STACK SATS!!

Real investors don't stop buying and investing in stocks, they keep multiplying their investment until they die. Saying enough is not the mindset of a true investor as they will grab the opportunity if still there is one. That is why rich people become richer because they won't stop making money.

But being in the crypto space, even if we have a lot of money to invest, we must also consider the high risk which we have to be cautious when investing. And something we put some limitations on. Unlike other forms of investment, Bitcoin is somewhat special as it is hard to predict and assume that it will stay long and safe.

Investing in bitcoin nowadays is not as risky as it was some years ago. Of course its volatility is higher compared to the stock market for example, but I really don't see how someone could not be bullish on bitcoin in the long term. If you do daily trading is risky, very risky, but if you buy and hold for years then we're talking about a totally different game.

Games.Bitcoin

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We humans are the only animal on earth whose needs are endless. We only care about earning till death. But accumulating money is not the main purpose of life. So no matter how many bitcoins we own, we will never say I don't need bitcoins. So thinking directly and indirectly it would seem that we never own enough bitcoins.

Hypnosis00

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Quote from: tread93 on January 04, 2024, 05:35:19 PM

If we have this mindset then we will always be trying to get as much of it as we can. Lets face it, getting BTC is at this point more rewarding for the average person than buying Real Estate, Gold, Silver, Oil stock, etc. Lets keep stacking! I DON'T HAVE ENOUGH, WE DON'T HAVE ENOUGH!!! STACK SATS!!

Real investors don't stop buying and investing in stocks, they keep multiplying their investment until they die. Saying enough is not the mindset of a true investor as they will grab the opportunity if still there is one. That is why rich people become richer because they won't stop making money.

But being in the crypto space, even if we have a lot of money to invest, we must also consider the high risk which we have to be cautious when investing. And something we put some limitations on. Unlike other forms of investment, Bitcoin is somewhat special as it is hard to predict and assume that it will stay long and safe.

Z-tight

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Quote from: Blitzboy on January 12, 2024, 11:14:53 PM

Diversification is essential! I believe Bitcoin is powerful, but portfolio balance is essential. Like a balanced diet, you need diverse nutrients to keep healthy. Bitcoin is important to my financial health, but not the only one. I recommend it as an investment and a statement of support for decentralization. But I constantly remember: never put all your eggs in one basket.

Yes, never put all your eggs in one basket, but take note that this statement can be misleading, diversification should not mean buying different assets that are intrinsic to each other, and are influenced by each other. I recommend diversification, but take for example, buying BTC and xrp is not diversification in my honest opinion, some people buy BTC and a lot of altcoins and think they have diversified. If you don't want to put all your eggs in one basket, but BTC, gold, silver, real estate, etc, these assets are in no way intrinsic to one another and as such you are spreading your money and the risks are different in all of them.

MIner1448

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The thought and belief that something is missing gives rise to a constant desire for that object. So if we act as if we never have enough resources, this will allow us to cognitively always strive to acquire that resource, and then eventually this will lead to excess, right? God, I hope so! Because I definitely need to get more BTC and I don't have enough!!!

cryptodude

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Earning money alone should not be the main goal of life. Life has many other purposes. You don't need to accumulate extra Bitcoins to live a healthy normal life. People learn to earn money from birth when knowledge increases. Just wants to earn till death. People are dissatisfied. So you never say I'm done making money. So you can never own enough bitcoins even if you want to.😄

Blitzboy

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It seems like you're expressing a sense of urgency and enthusiasm about acquiring more Bitcoin (BTC). The mindset you described, where the belief of not having enough drives continuous pursuit, is indeed a common psychological aspect of investing. This mentality can lead individuals to actively seek opportunities to accumulate more of the asset they believe is valuable.

Bitcoin has gained significant attention as a store of value and a potential hedge against inflation. Many investors find it appealing due to its decentralized nature and limited supply. However, it's crucial to approach investments, including cryptocurrency, with careful consideration of risks and market dynamics.

Always make informed decisions, stay updated on market trends, and be aware of the potential volatility associated with cryptocurrency investments. Diversification is also an essential strategy to mitigate risks in your overall investment portfolio.

Blockchain's decentralization and brilliance fascinate me.

Risks - they're part of the game. Bitcoin revolutionizes value, despite its volatility. Its scarcity and decentralization make it a unique inflation hedge. I monitor market trends to make informed decisions. Like surfing, you must comprehend the waves to ride them.

Diversification is essential! I believe Bitcoin is powerful, but portfolio balance is essential. Like a balanced diet, you need diverse nutrients to keep healthy. Bitcoin is important to my financial health, but not the only one. I recommend it as an investment and a statement of support for decentralization. But I constantly remember: never put all your eggs in one basket.

Topic: We dont own enough bitcoin - page 2. (Read 1046 times)